13/06/2016 World Business Report


13/06/2016

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There have also been vigils across the US.

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Those are the latest headlines from BBC World News.

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Now for the latest financial news with Sally and World Business

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Apple's core problem with revenues are declining for the first time

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in 13 years the tech giant needs some new ideas to stay ahead -

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could we see some today's developer conference?

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Trading on an important relationship to avoid a growing rift -

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German Chancellor Angela Merkel is in China where she's played down

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talk of a trade war but warns of the need

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Also in the programme, Dave Lee is at the world's biggest

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Apple's core business is the IPhone, but as sales of its most widely used

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product begin to slide the company is having to search elsewhere

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for ways to drive its gargantuan revenue stream.

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The world's biggest tech firm is now looking towards software rather

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than hardware to deliver additional growth opportunities.

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Apple sold a massive 51.2 million iPhones during the first 3 months

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of the year - 10 million less than the same period in 2015.

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That has led to revenues for the first

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with many blaming an over reliance on a single product.

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Today Apple holds its developers conference in Silicon Valley

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where it's expected to launch a major Artificial intelligence

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update for the digital assistant, Siri.

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The California firm is also expected to unveil changes to HomeKit

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which allows users to connect home features such as lighting

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But will it be enough to impress investors?

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The share price has certainly taken a hit since it peaked this time last

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year and those in the industry say some major innovations are needed

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if Apple wants to hold onto its title as the world's

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Gavin Clarke is Senior Editor of The Register.

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Good morning. What are you expecting? Siri is the big one. It

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was the leader, some would be you one of the first, a benchmark and

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now people feel it has been overtaken by rivals. Even the people

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who set up Siri have moved on to other rings. There is a belief Apple

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needs to step up. It will become open to third-party integration. It

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would allow third parties to build their software is. We are expecting

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integration with Mac are less. You can use Siri on other programmes.

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The statistics point to the fact that people who have used Siri have

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used it once and then do not go back to it again. They like to have a

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laugh with it. Apple needs to show people that it is a useful. Booking

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a restaurant, talking to friends, and that is what they are kind of

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leaning too. What about HomeKit? This is a large area. Controlling

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your home, lights and heating, from your phone. It is like the AI

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intelligent anticipating when you come home. Again, are we that? There

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are loads of people trying to offer competing solutions. Everybody is

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looking at this, Google, Facebook... To what extent is there a demand or

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is it simply innovation because they have to? You have to remember that

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these firms are trying to sell us technology. You could argue that

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this assistance aspect... Were waiting for the breakout moment. It

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could be like the smart phone a few years ago. It popularised in a way

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no one ever seen before stop we could be again with personalised

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assistance we could see a breakout moment. Thank you for sharing your

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thoughts on that and we will be keeping you across any announcements

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we get from Apple. The gaming industry has descended

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on Los Angeles for E3, the biggest video games

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show in the world. It is a chance for the big names

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to show off their latest Our BBC North America technology

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reporter Dave Lee give us this It is that time of year when the

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games industry descends in their thousands to Los Angeles for E3. The

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fans, it is a chance to look at some of the possible blockbuster hits.

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Time poor to is mesmerising. -- tight end fall. I am really looking

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forward to just how different it is going to be this time around. I am

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looking forward to more on that front. Worlds where adventure,

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danger and the unknown awaiting to be discovered. That was a

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snapshot... Excuse me, the cameras are clearly on the move... That was

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a snapshot from E3. We will update you when things are released et

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cetera. British telecom is assenting a joint letter to staff along with

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union leaders saying the company wanted the UK to stay in a reformed

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EU. In response, if the UK wants to take back its democracy, the British

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people have to vote Leave. Retailer Walmart Canada will no

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longer accept Visa cards after it failed to agree a deal

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with the credit card firm. Fees applied to Visa card purchases

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"remain unacceptably high," The supermarket chain said it paid

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more than $100m in credit card fees each year - but did not break that

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down for the specific companies. The founder of UK Sports

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Retailer Sports Direct, Mike Ashley, has written

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to the administrators of the British department store chain BHS

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expressing an interest in taking In his letter, Mr Ashley said

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he was keen to save the BHS brand as well as a number

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of jobs with the retailer. The company is being wound down

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after administrators failed to find The German Chancellor Angela Merkel

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has arrived in China for her ninth visit to the country with trade

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and investment high on the agenda. Tension between Europe and China has

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risen recently over China's ability to sell steel in Europe below

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the cost of production, as it attempts to get

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rid of an excess. The European Steel Association

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estimates that China is producing between 350 and 400 million

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tonnes of excess steel. In May, the EU launched

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an investigation of Chinese steel exports and the EU's

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Jean Claude Juncker says the bloc is ready to step up its measures

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to defend the steel industry. While on her visit Merkel has sent

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somewhat of a coded warning to her Chinese counterparts

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on the issue saying that while "No one is interested in

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increased trade wars, Please, excuse of these cameras. We

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have some live pictures we can show you, of the president addressing the

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press. Angela Merkel is also there. We will keep an eye on that story as

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it develops on how Angela Merkel gets on a very tricky tightrope she

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is walking there. The cameras are moving in the right direction at the

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right time which is quite nice... Japan is down by nearly 3% and Hong

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Kong is down significantly as well. Investors on edge as we start a

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brand-new trading week. A lot going on, the Japanese and US central bank

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having their meetings and, of course, if the situation with

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regards to the UK referendum decision, very much on the minds of

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investors. People seeking safe havens at the moment. The yen really

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strong at the moment. Toyota, Sony, there stocks really falling today.

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That is at the end of trade on Friday. A difficult day on Wall

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Street and it set the tone for Monday morning in Asia. I will see

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you soon. A giant street party outside

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Buckingham Palace has ended three days of events celebrating

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the Queen's official 90th birthday.

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