Browse content similar to 09/09/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Plain sailing, or choppy waters ahead? | :00:00. | :00:17. | |
Can Switzerland lead the way for post-Brexit Britain? | :00:18. | :00:22. | |
Greece hosts southern EU leaders as they struggle with migration | :00:23. | :00:29. | |
Also coming up: Samsung's hottest new phone, but not in a good way. | :00:30. | :00:42. | |
The Galaxy seven exploding battery saga continues. | :00:43. | :00:50. | |
We will have the latest advice for you. | :00:51. | :01:00. | |
We are focusing on Brexit, specifically | :01:01. | :01:02. | |
what will Britain's future business relationship | :01:03. | :01:04. | |
Can it limit EU immigration, but still retain access | :01:05. | :01:08. | |
The BBC's economics editor Kamal Ahmed has been | :01:09. | :01:11. | |
to Switzerland to see if they have some of the answers. | :01:12. | :01:14. | |
The Swiss decided more than two decades ago not to join the EU. | :01:15. | :01:18. | |
Since then they've maintained deep business ties with the bloc. | :01:19. | :01:20. | |
They are often held up as an example of how a country can trade | :01:21. | :01:24. | |
successfully with the EU without being in it. | :01:25. | :01:27. | |
But that relationship is becoming much more problematic. | :01:28. | :01:30. | |
Switzerland has 130 different trade deals with EU countries granting it | :01:31. | :01:36. | |
In return it must allow free movement of people, | :01:37. | :01:46. | |
this being the controversial and critical issue. | :01:47. | :01:52. | |
Because in February, 2014, the Swiss narrowly voted to reject | :01:53. | :01:54. | |
that free movement and impose quotas on the number of EU migrants who can | :01:55. | :01:58. | |
Swiss law dictates they must implement that decision | :01:59. | :02:07. | |
within three years, so next February it's crunch time. | :02:08. | :02:10. | |
According to some in Switzerland, this makes the country | :02:11. | :02:12. | |
a natural ally of the UK in their Brexit negotiations. | :02:13. | :02:16. | |
They say the EU must be more flexible on immigration | :02:17. | :02:19. | |
Our economics editor Kamal Ahmed reports. | :02:20. | :02:29. | |
It is a country viewed as quiet, serene, but beneath the picturesque | :02:30. | :02:36. | |
-- picturesque exterior Switzerland has been split by progress over | :02:37. | :02:39. | |
immigration and its open borders with the EU. Concerns are so strong | :02:40. | :02:45. | |
in 2014 it voted against freedom of movement in a referendum. This small | :02:46. | :02:50. | |
country, surrounded by EU member states, has suddenly discovered it | :02:51. | :02:53. | |
could be a player in Britain's Brexit debate. This is the beautiful | :02:54. | :03:01. | |
town that is in the heart of an area of Switzerland that voted most | :03:02. | :03:04. | |
heavily against freedom of movement. It may not look much like Britain, | :03:05. | :03:09. | |
at the concerns here are very similar to those in the UK. Worries | :03:10. | :03:14. | |
about immigration, worries about jobs, worries about who exactly | :03:15. | :03:17. | |
controls the border with the European Union. This woman is the | :03:18. | :03:23. | |
former president of Switzerland and well knows how hard it is trying to | :03:24. | :03:29. | |
negotiate with the EU. It was terrible. She says it is time for | :03:30. | :03:33. | |
her country and Britain to join forces. The European Union is very | :03:34. | :03:38. | |
rigid on the question of freedom of movement and I think if the European | :03:39. | :03:45. | |
Union doesn't integrate diversity inside its institution it will risk | :03:46. | :03:54. | |
to explode. Ladies and gentlemen, we are now arriving at the main | :03:55. | :03:59. | |
station... From Geneva II Zurich to talk to the man who negotiated | :04:00. | :04:02. | |
Switzerland's main trade deals with the EU. Could there be movement on | :04:03. | :04:06. | |
the freedom of movement? I think the basic problem is what I call the | :04:07. | :04:11. | |
binary problem. You are either fully in or fully out and this does not | :04:12. | :04:17. | |
serve the interests, I Inc, neither of the European Union, nor the | :04:18. | :04:21. | |
outsiders. -- I think. I am sure Brexit is sort of a reason for | :04:22. | :04:28. | |
contributing to the debate, whether the EU has to become more flexible. | :04:29. | :04:33. | |
Theresa May knows she is going to need allies if she is going to get | :04:34. | :04:39. | |
the best Brexit deal possible. It here in Switzerland she has a | :04:40. | :04:43. | |
willing partner. I've been told that Swiss diplomats have already been | :04:44. | :04:46. | |
dispatched to London to look at opening lines of complication. There | :04:47. | :04:51. | |
is a willingness to co-operate on limiting the freedom of movement and | :04:52. | :04:55. | |
retaining legal sovereignty and working on those all important trade | :04:56. | :05:00. | |
deals. When it comes to tackling the European Union it does appear that | :05:01. | :05:04. | |
two voices may well be louder than one. | :05:05. | :05:06. | |
Staying with those divisions within Europe, | :05:07. | :05:10. | |
today Greek Prime Minister Alexis Tsipras is hosting a meeting | :05:11. | :05:13. | |
in Athens for the leaders of the Southern members of the EU. | :05:14. | :05:17. | |
We've got Italy, Spain, France, Portugal, Cyprus and Malta. | :05:18. | :05:20. | |
They will be debating the future of the European Union | :05:21. | :05:24. | |
after Britain's vote to go, as well as economic and migration | :05:25. | :05:27. | |
problems that have hit the mediterranean countries hard. | :05:28. | :05:29. | |
Gervais Williams is Managing Director at Miton Asset Management. | :05:30. | :05:33. | |
Good morning. Interesting to be a fly on the wall at that meeting in | :05:34. | :05:42. | |
Athens. What do you think they will be discussing? Economic data for | :05:43. | :05:45. | |
Europe has been pretty disappointing recently, so they will be looking at | :05:46. | :05:49. | |
more economic stimulus. Quantitative easing is already there but they | :05:50. | :05:52. | |
will hopefully be more bond buying. We didn't get back yesterday from | :05:53. | :05:57. | |
the team at the ECB. No, there were downgrades on growth in the central | :05:58. | :06:05. | |
banks in Europe yesterday, in fact it stepped up quantitive easing at | :06:06. | :06:09. | |
this stage. Disappointment, I would imagine? Disappointment. | :06:10. | :06:13. | |
Globalisation is retreating a bit at the moment and that's causing all | :06:14. | :06:16. | |
sorts of tensions. Politically some of the minority parties look more | :06:17. | :06:22. | |
illegible. Some of the challenges facing these economies are so | :06:23. | :06:27. | |
difficult to resolve. Unemployment high, economies are stagnant, trying | :06:28. | :06:32. | |
desperately not to reverse, and yet they have the migration prices for | :06:33. | :06:40. | |
Greece and Italy at the four -- forefront of that. Yes, I think | :06:41. | :06:44. | |
perhaps by getting a group together in the southern European countries | :06:45. | :06:48. | |
they are hoping to get more leverage with the central part of the EU. In | :06:49. | :06:56. | |
the meantime the stronger element in Germany has had weaker data and | :06:57. | :06:59. | |
Angela Merkel is focusing on getting elected again. Yes, we have French | :07:00. | :07:04. | |
and German elections next year. That will be their main focus. To some | :07:05. | :07:10. | |
degree the issues in southern Europe are gaining more support. To what | :07:11. | :07:15. | |
degree do you think these leaders will try to come up with something | :07:16. | :07:20. | |
today? They haven't got anything specific, they just need more growth | :07:21. | :07:23. | |
across the EU period and that's really what is driving it and they | :07:24. | :07:27. | |
are feeling frustrated. Good to see you. Thanks for your time. If we get | :07:28. | :07:32. | |
wind of anything they've been talking about in Athens we will fill | :07:33. | :07:34. | |
you win as the day progresses. Let's talk about Samsung now, | :07:35. | :07:35. | |
because the problems The US Federal Aviation | :07:36. | :07:37. | |
Administration is strongly advising | :07:38. | :07:44. | |
passengers not to turn on or charge their Samsung Galaxy | :07:45. | :07:47. | |
Note 7 smartphones on planes or stow This of course because of concerns | :07:48. | :07:50. | |
about their batteries catching fire. This problem seems to be getting | :07:51. | :08:06. | |
worse, not better? It does. Because we are hearing from Australian | :08:07. | :08:11. | |
airlines, Qantas and Virgin, not to charge or use their phone during | :08:12. | :08:17. | |
flights, alongside the US warning. Samsung recalled the phone last week | :08:18. | :08:21. | |
after reports emerged that the device exploded. We saw the picture | :08:22. | :08:29. | |
of it there. All of this comes as the world's largest smartphone | :08:30. | :08:33. | |
recalls the 2.5 million units that it shipped out. Samsung says battery | :08:34. | :08:37. | |
problems were behind the phones catching fire, but it was difficult | :08:38. | :08:42. | |
really to work out which phones were affected amongst them. And following | :08:43. | :08:48. | |
Samsung Australia's recall of the Samsung Galaxy Note 7, Qantas as | :08:49. | :08:51. | |
well has said passengers shouldn't have them on during the flight or | :08:52. | :08:55. | |
check them in. The phone was launched just last month. It has | :08:56. | :09:01. | |
otherwise been well received by consumers, but certainly this is | :09:02. | :09:04. | |
something that people will have to worry about. Thank you so much. | :09:05. | :09:07. | |
Let the squeeze in a few more stories. | :09:08. | :09:13. | |
US bank Wells Fargo has been fined $185m for illegally opening accounts | :09:14. | :09:16. | |
The cash will go to regulators while the bank will also hand | :09:17. | :09:20. | |
The regulator accused it of "widespread illegal practice" | :09:21. | :09:23. | |
around account openings, sales targets and compensation | :09:24. | :09:25. | |
Online accommodation site Airbnb is introducing a new policy | :09:26. | :09:33. | |
to combat reports that black people are less likely to get rooms. | :09:34. | :09:37. | |
The move includes reducing the prominence of photos, | :09:38. | :09:39. | |
introducing new technology, and asking users to sign | :09:40. | :09:43. | |
A study last year found that people with names that suggested they were | :09:44. | :09:47. | |
Many customers have also complained about the issue. | :09:48. | :09:53. | |
That is something we will look at in the papers when we review the press | :09:54. | :10:00. | |
in about... A couple of minutes. See you then. | :10:01. | :10:04. |