Browse content similar to 17/05/2016. Check below for episodes and series from the same categories and more!
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Doctors have described the operation as "a surgical milestone". | :00:00. | :00:00. | |
Those are the latest headlines from BBC World News. | :00:00. | :00:00. | |
Now for the latest financial news with Sally | :00:00. | :00:00. | |
France is braced for fresh strike action today as workers reject | :00:07. | :00:21. | |
a law that aims to loosen the country's stringent labour rules. | :00:22. | :00:25. | |
And the price of oil is within striking distance | :00:26. | :00:30. | |
of $50 a barrel - we ask the boss of energy giant Total where next? | :00:31. | :00:39. | |
Also in the programme, Tim Cook, the chief executive of Apple, | :00:40. | :00:46. | |
has been checking out its latest investment in China. | :00:47. | :00:48. | |
Rico Hizon will have the details in a moment. | :00:49. | :00:56. | |
Let's start with the events in France. | :00:57. | :00:58. | |
Lorry drivers are expected to put up roadblocks around France's major | :00:59. | :01:00. | |
cities, and unions are calling for a strike on the Paris metro today. | :01:01. | :01:04. | |
It's all aimed at rejecting measures to loosen the country's | :01:05. | :01:07. | |
The disruptions have been prompted by the government's decision last | :01:08. | :01:12. | |
week to use a special measure to pass the legislation without | :01:13. | :01:14. | |
The new laws are about the length of the working week and employers' | :01:15. | :01:21. | |
Rail workers are expected to join the strike on Wednesday | :01:22. | :01:25. | |
and Thursday, and air traffic controllers will | :01:26. | :01:27. | |
So as the week progresses, the disruption will increase. | :01:28. | :01:33. | |
With me is Dr Ashok Kumar, fellow at Queen Mary University of London. | :01:34. | :01:41. | |
Good morning. So first of all, these laws, as they almost there in terms | :01:42. | :01:52. | |
of becoming a reality, or is there still a way to go? Francois Hollande | :01:53. | :01:56. | |
and his party have effectively used emergency measures to circumvent | :01:57. | :02:04. | |
Parliament, and neither is a vote potentially. The only mechanism to | :02:05. | :02:10. | |
prevent this is to ascend the vote, but it will probably not pass. It | :02:11. | :02:14. | |
has been going on for months, this whole attempt to reform labour law | :02:15. | :02:19. | |
in France, and yet it has been incredibly difficult. What do you | :02:20. | :02:22. | |
think the likely outcome will be in the end? It is difficult to say. In | :02:23. | :02:29. | |
2006, they passed a series of laws to deregulate Labour in the country. | :02:30. | :02:35. | |
It was a milder version of this. There were mass protests in the | :02:36. | :02:38. | |
street and they reversed the decision. What we see now is two | :02:39. | :02:43. | |
thirds of the country opposing this fall, a majority of the country | :02:44. | :02:47. | |
supporting the protesters. So Francois Hollande is the most | :02:48. | :02:50. | |
unpopular sitting president in the history of France. I think people | :02:51. | :02:56. | |
recognise there is a high possibility or potential for the | :02:57. | :02:59. | |
reversal of this decision. What evidence is there to show that | :03:00. | :03:05. | |
reform of labour laws help to boost economic growth and also reduce the | :03:06. | :03:10. | |
plan levels, which in France are pretty high? The evidence is pretty | :03:11. | :03:17. | |
tenuous. If you look at from 2007 until now, unemployment in France | :03:18. | :03:22. | |
has increased by 30%. In that time, and before that time, it had nothing | :03:23. | :03:28. | |
to do with making the labour market more flexible. Two events occurred, | :03:29. | :03:34. | |
the financial crisis, and austerity. Those could be a great impetus | :03:35. | :03:39. | |
rather than duality and flexibility or rigidity of the labour market. | :03:40. | :03:43. | |
And the generous social benefits which in fact have absorbed economic | :03:44. | :03:47. | |
shocks more than anything. In Spain, they have changed their labour | :03:48. | :03:52. | |
laws, probably under pressure from others, but they have done that. | :03:53. | :03:57. | |
What extent has that helps main? Spain passed a series of laws that | :03:58. | :04:03. | |
mirror this poor and the rhetoric used about how will change or | :04:04. | :04:08. | |
increase investment and an implement. An implement has remained | :04:09. | :04:16. | |
negligible. -- unemployment. Vicarious Des and short-term | :04:17. | :04:19. | |
contracts and casualisation have gone up. It is very difficult. Thank | :04:20. | :04:26. | |
you for your time this morning. As the week progresses in France, we | :04:27. | :04:30. | |
will keep you up-to-date on where their strikes are taking place and | :04:31. | :04:32. | |
how you may be affected by that. Earlier this year, | :04:33. | :04:35. | |
a vast gas field off the coast of the Shetland Islands | :04:36. | :04:37. | |
in the North Sea was opened by Developed at a cost of about $4.75 | :04:38. | :04:40. | |
billion, the field is now running at Conceived at a time | :04:41. | :04:45. | |
when energy prices were high, the price of oil has been rising | :04:46. | :04:49. | |
steadily in recent days. It's now back up to | :04:50. | :04:51. | |
around $49 a barrel. Our energy correspondent John Moylan | :04:52. | :04:55. | |
spoke to Total's chief executive, Patrick Bouyanne, and asked how | :04:56. | :04:57. | |
much more volatility is still The price of oil is never stable. It | :04:58. | :05:12. | |
is only the dream of politicians for it to be stable. We think it was a | :05:13. | :05:22. | |
sort of floor. There is no ceiling, no floor. It will move up and down. | :05:23. | :05:26. | |
It is very difficult on the Showtime. -- short-term. We still | :05:27. | :05:38. | |
have huge inventory is. The market is diminishing because all | :05:39. | :05:40. | |
production in the US is going down. But again, our job is not to plan | :05:41. | :05:47. | |
for short-term volatility, it is to be serious about the assets. There | :05:48. | :05:57. | |
was a big researcher in and push into renewable energy for the | :05:58. | :06:01. | |
future. Some people look at the big oil chines like Total and say the | :06:02. | :06:04. | |
traditional model of the big oil company is broken and dead. Don't | :06:05. | :06:11. | |
misinterpret it. We are very proud to be a major oil and gas company. | :06:12. | :06:18. | |
In 20 years, Total will always be a major oil and gas company. Energy is | :06:19. | :06:23. | |
a question of planning medium and long-term. We need to think of that. | :06:24. | :06:28. | |
Oil and gas companies are under scrutiny and accused, and it is | :06:29. | :06:32. | |
partly true because some of the products we put in the market, but | :06:33. | :06:39. | |
I'm convinced that we can be not only accused but a positive force. | :06:40. | :06:47. | |
We have energy firms and want to be part of the solution. When we look | :06:48. | :06:51. | |
to the energy world in 20 years, we are convinced we will have oil and | :06:52. | :06:57. | |
gas but also more growth in renewables. I think we have the | :06:58. | :07:02. | |
capacity in a major oil and gas company like Total to be an active | :07:03. | :07:04. | |
participant to this new energy. A Ukrainian man has pleaded guilty | :07:05. | :07:07. | |
to his role in an insider trading scheme that netted more than $30 | :07:08. | :07:11. | |
million in illicit profits. Vadym Iermolovych admitted to | :07:12. | :07:15. | |
hacking into news wire agencies and using the unpublished information to | :07:16. | :07:17. | |
gain advantage on the stock market. 32 people have been charged in | :07:18. | :07:23. | |
connection with the global scheme. US drugs giant Pfizer will acquire | :07:24. | :07:28. | |
the maker of a new eczema treatment The firm announced a deal with | :07:29. | :07:32. | |
the board of California-based It comes weeks after Pfizer | :07:33. | :07:36. | |
abandoned a $160 billion merger with Irish | :07:37. | :07:40. | |
drugmaker Allergan for tax reasons. Apple's chief executive, Tim Cook, | :07:41. | :07:51. | |
has been in Beijing, where he's met the head of China's | :07:52. | :07:53. | |
largest taxi-hailing app. Here he is, taking a Didi Chuxing | :07:54. | :07:56. | |
car to visit an Apple store, just days after the tech giant | :07:57. | :07:59. | |
invested $1 billion in the company. So tell us more. They are obviously | :08:00. | :08:20. | |
very keen to now down this investment. Absolutely. A big splash | :08:21. | :08:27. | |
for Tim Cook and Apple, visiting Beijing, investing 1 billion US | :08:28. | :08:32. | |
dollars in China's largest taxi hailing app, and he even took a car | :08:33. | :08:39. | |
to visit the Apple staff. Didi Chuxing has over 40 million drivers, | :08:40. | :08:45. | |
many analysts are asking the question right now, how much of | :08:46. | :08:50. | |
Apple's $1 billion investment in Didi Chuxing is motivated by good | :08:51. | :08:53. | |
business sense and how much of it is an effort to smooth things over with | :08:54. | :08:57. | |
the leadership in China where Apple has faced a series of setbacks this | :08:58. | :09:02. | |
year? One of them, sales plummeting 26% drink the first three months of | :09:03. | :09:06. | |
this year, making it one of its worst quarters ever on the mainland. | :09:07. | :09:10. | |
Secondly the firm lost a legal battle over the iPhone trademark, | :09:11. | :09:13. | |
and thirdly, in April, Chinese regulators shut down movie services. | :09:14. | :09:21. | |
Everyone is hoping with this $1 billion investment, though services | :09:22. | :09:26. | |
from Apple will be back without the restrictions. Thank you. We will | :09:27. | :09:31. | |
watch this space. See you soon. Let's look at the markets quickly so | :09:32. | :09:36. | |
you have a sense of how things are going. Let's look at the price of | :09:37. | :09:44. | |
oil, $49.23. As you can see, markets across the board doing well, and the | :09:45. | :09:47. | |
big winners are the energy shares. I will see you soon. | :09:48. | :09:56. | |
Police have voiced concerns that officers could be | :09:57. | :09:59. | |
"sitting ducks" in the event of a gun attack by terrorists. | :10:00. | :10:02. | |
The Police Federation says that in spite of plans to increase | :10:03. | :10:04. | |
the number of firearms staff, officers in rural and coastal | :10:05. | :10:07. | |
areas, where some of Britain's power plants are based, are vulnerable. | :10:08. | :10:11. |