09/09/2016 World Business Report

Plain sailing, or choppy waters ahead?

Can Switzerland lead the way for post-Brexit Britain?

Greece hosts southern EU leaders as they struggle with migration

Also coming up: Samsung's hottest new phone, but not in a good way.

The Galaxy seven exploding battery saga continues.

We will have the latest advice for you.

We are focusing on Brexit, specifically

what will Britain's future business relationship

Can it limit EU immigration, but still retain access

The BBC's economics editor Kamal Ahmed has been

to Switzerland to see if they have some of the answers.

The Swiss decided more than two decades ago not to join the EU.

Since then they've maintained deep business ties with the bloc.

They are often held up as an example of how a country can trade

successfully with the EU without being in it.

But that relationship is becoming much more problematic.

Switzerland has 130 different trade deals with EU countries granting it

In return it must allow free movement of people,

this being the controversial and critical issue.

Because in February, 2014, the Swiss narrowly voted to reject

that free movement and impose quotas on the number of EU migrants who can

Swiss law dictates they must implement that decision

within three years, so next February it's crunch time.

According to some in Switzerland, this makes the country

a natural ally of the UK in their Brexit negotiations.

They say the EU must be more flexible on immigration

Our economics editor Kamal Ahmed reports.

It is a country viewed as quiet, serene, but beneath the picturesque

-- picturesque exterior Switzerland has been split by progress over

immigration and its open borders with the EU. Concerns are so strong

in 2014 it voted against freedom of movement in a referendum. This small

country, surrounded by EU member states, has suddenly discovered it

could be a player in Britain's Brexit debate. This is the beautiful

town that is in the heart of an area of Switzerland that voted most

heavily against freedom of movement. It may not look much like Britain,

at the concerns here are very similar to those in the UK. Worries

about immigration, worries about jobs, worries about who exactly

controls the border with the European Union. This woman is the

former president of Switzerland and well knows how hard it is trying to

negotiate with the EU. It was terrible. She says it is time for

her country and Britain to join forces. The European Union is very

rigid on the question of freedom of movement and I think if the European

Union doesn't integrate diversity inside its institution it will risk

to explode. Ladies and gentlemen, we are now arriving at the main

station... From Geneva II Zurich to talk to the man who negotiated

Switzerland's main trade deals with the EU. Could there be movement on

the freedom of movement? I think the basic problem is what I call the

binary problem. You are either fully in or fully out and this does not

serve the interests, I Inc, neither of the European Union, nor the

outsiders. -- I think. I am sure Brexit is sort of a reason for

contributing to the debate, whether the EU has to become more flexible.

Theresa May knows she is going to need allies if she is going to get

the best Brexit deal possible. It here in Switzerland she has a

willing partner. I've been told that Swiss diplomats have already been

dispatched to London to look at opening lines of complication. There

is a willingness to co-operate on limiting the freedom of movement and

retaining legal sovereignty and working on those all important trade

deals. When it comes to tackling the European Union it does appear that

two voices may well be louder than one.

Staying with those divisions within Europe,

today Greek Prime Minister Alexis Tsipras is hosting a meeting

in Athens for the leaders of the Southern members of the EU.

We've got Italy, Spain, France, Portugal, Cyprus and Malta.

They will be debating the future of the European Union

after Britain's vote to go, as well as economic and migration

problems that have hit the mediterranean countries hard.

Gervais Williams is Managing Director at Miton Asset Management.

Good morning. Interesting to be a fly on the wall at that meeting in

Athens. What do you think they will be discussing? Economic data for

Europe has been pretty disappointing recently, so they will be looking at

more economic stimulus. Quantitative easing is already there but they

will hopefully be more bond buying. We didn't get back yesterday from

the team at the ECB. No, there were downgrades on growth in the central

banks in Europe yesterday, in fact it stepped up quantitive easing at

this stage. Disappointment, I would imagine? Disappointment.

Globalisation is retreating a bit at the moment and that's causing all

sorts of tensions. Politically some of the minority parties look more

illegible. Some of the challenges facing these economies are so

difficult to resolve. Unemployment high, economies are stagnant, trying

desperately not to reverse, and yet they have the migration prices for

Greece and Italy at the four -- forefront of that. Yes, I think

perhaps by getting a group together in the southern European countries

they are hoping to get more leverage with the central part of the EU. In

the meantime the stronger element in Germany has had weaker data and

Angela Merkel is focusing on getting elected again. Yes, we have French

and German elections next year. That will be their main focus. To some

degree the issues in southern Europe are gaining more support. To what

degree do you think these leaders will try to come up with something

today? They haven't got anything specific, they just need more growth

across the EU period and that's really what is driving it and they

are feeling frustrated. Good to see you. Thanks for your time. If we get

wind of anything they've been talking about in Athens we will fill

you win as the day progresses. Let's talk about Samsung now,

because the problems The US Federal Aviation

Administration is strongly advising

passengers not to turn on or charge their Samsung Galaxy

Note 7 smartphones on planes or stow This of course because of concerns

about their batteries catching fire. This problem seems to be getting

worse, not better? It does. Because we are hearing from Australian

airlines, Qantas and Virgin, not to charge or use their phone during

flights, alongside the US warning. Samsung recalled the phone last week

after reports emerged that the device exploded. We saw the picture

of it there. All of this comes as the world's largest smartphone

recalls the 2.5 million units that it shipped out. Samsung says battery

problems were behind the phones catching fire, but it was difficult

really to work out which phones were affected amongst them. And following

Samsung Australia's recall of the Samsung Galaxy Note 7, Qantas as

well has said passengers shouldn't have them on during the flight or

check them in. The phone was launched just last month. It has

otherwise been well received by consumers, but certainly this is

something that people will have to worry about. Thank you so much.

Let the squeeze in a few more stories.

US bank Wells Fargo has been fined $185m for illegally opening accounts

The cash will go to regulators while the bank will also hand

The regulator accused it of "widespread illegal practice"

around account openings, sales targets and compensation

Online accommodation site Airbnb is introducing a new policy

to combat reports that black people are less likely to get rooms.

The move includes reducing the prominence of photos,

introducing new technology, and asking users to sign

A study last year found that people with names that suggested they were

Many customers have also complained about the issue.

That is something we will look at in the papers when we review the press

in about... A couple of minutes. See you then.