10/10/2016 World Business Report

Plenty more on this throughout the day.

Now for the latest financial news with Sally

The mega merger in the brewing industry is near completion

but what does the tie-up of Anheuser-Busch InBev

and SABMiller mean for jobs and consumers?

Could this be the end of the Samsung Note 7 Smartphone,

after 3 replacement phones catch fire?

There are reports Samsung is halting production.

We will also have a look at the fancy new ways cars are being

designed. It's more than likely that

by the end of the day the worlds' two largest

brewers will be saying "cheers" to a mega-merger that leads

to one company controlling nearly a third of the

worlds' beer market. So what does the tie up

of Anheuser-Busch InBev and SABMiller mean for

the industry and beer drinkers? Well it's a deal worth $104 billion

and, as I mentioned, combines the world's

two biggest brewers. The newly-created firm will produce

about a third of the world's beer. Belgium-based AB InBev's brands

include Stella Artois, Corona and Budweiser,

while UK-based SABMiller produces But not only will the name SAB

Miller go in the take over - Over the next few years AB InBev

is expected to gradually cut about 3% - that's around 5,500 jobs

from its enlarged workforce. The job cuts will form part

of an annual savings drive amounting And despite the newly formed company

having a 30% market share, the competition in the beer

market is fierce. All mass-market brewers are looking

to cut production and distribution costs in the face of rivalry

from smaller independent brands With me is Simon Griffiths

a Partner at Irwin Mitchell. Good morning. Thank you for coming

in. The ink is drying on the deal but talk us through what these two

big brewing companies had to do to allow regulators and competition

authorities to give the go-ahead? They were not going to sleep

monopolise the market, they had to sell businesses in central Europe

and China. The process started in 11 months ago and finally got the

clearance in September. The ink dried at the end of last week.

SABMiller Has now been taken over. It is a huge deal. Talk us through

what the company will do first? The newlyformed company will be creating

efficiency of scale, laying off a few people, I think 3% of the

workforce being laid off, in the context of the deal, which is one

third of the beer market, over 100,000 employee is, I think people

can respect that. It is not too great a loss. For the other

competitors, the small Independent brewers everyone is concerned about,

the likes of Heineken, what about them? It will keep them on their

toes. They are not the leaders. This is the leader. It is for hard work

for them. And more consolidation between other companies? Perhaps. I

think the deal is a great success for the South Africans who brought

SABMiller in 2000. It has been sold for 70 a billion, 17 times multiple,

it is a great success story. And for beer drinkers? I am a beer drinker

and I will have to consume its products. Thank you very much

indeed. More news on that later. Samsung has suspended production

of its Galaxy Note 7smartphones following reports of fires in at

least three replacement devices. This is according to reports

in South Korean media and marks a further setback for thetech giant

trying to manage its worst ever Rico Hizon is in our

Asia Business Hub in Singapore. The problems are piling up for

Samsung Electronics. The media is saying the decision to suspend was

made as some US carriers stopped sales of the devise due to more

concerns about the batteries. It is impacting shares, it is down by

around 5% in sole trading. Suspending production is at the

latest blow. The device has a ready scene airlines worldwide ban

passengers from using them and our York AT and others stopping sales

over safety concerns. Analysts are now estimating this debacle could

costs Samsung electronic billions of dollars and this is in addition to

mounting pressure to break up the empire into two. That it separates

into an operating company and a holding company and by doing this it

would be more due diligence, transparency and dividends that

could benefit shareholders and stockholders of the company. Thank

you very much indeed. In the past, cars were built almost

by a process of trial and error. You built a prototype,

then tested it to find out Nowadays, much of that work

is done by computers. Our reporter Theo Leggett has been

to the Paris Motor show to see how 3D simulations are being used

by designers to refine their work in the virtual world before a single

panel has been built When they are trying to win

championship or making sure it is fuel-efficient, aerodynamics really

matter. We have come down to a small company who specialise in hopping

big car companies perfect that scientific art. Stephen is the

president and chief executor and Paul will operate the technical

side. We can put on our 3-D glasses and look at the visualisation and

that will explain exactly what we are doing. We have a car. We are

looking at the aerodynamics of this vehicle and in particular how to

make it more efficient so it has lower CO2 emissions and meets

stringent government regulations. We are looking at one particular design

attribute, the air curtain on the front bumper. We are trying to

manage the air efficiently to go around the car, particularly around

the front tyre. You want the air to be very close to the body. Why does

this matter? Fuel economy, CO2 emissions, new regulations are

getting harder and harder. This is how we have to go about it. Let's

take these ridiculous 3-D glasses off and look at one of the cars you

have been working on. Here we have the actual car that we saw in the

computer simulation. You see the air curtain. That is exactly what you

saw in the computer model. Its goal is to capture some of the air going

around the car and efficiently scoop it in and manage it around the front

tyre. It is one thing to have the computer display but here we have a

solid car, you can test it. Does it work? Tested and certified. Promises

promises. In other news, the entertainment

company co-owned by Hollywood director, Steven Spielberg,

has signed a partnership deal with a major Chinese

production company. Amblin Partners will join

with the Alibaba Group to produce films for western

and Chinese markets. Alibaba Pictures, which is led

by the e-commerce billionaire, Jack Ma, will acquire a minority

stake in Amblin as part Looking at the markets: the Mexican

peso up 1.5% following the televised debate between Donald Trump and

Hillary Clinton. Just to show you, most major markets are closed for a

public holiday. This is Australia at the top. I will see you soon.

The government has ruled out forcing British company to reveal how many

foreign workers they employ. The data will not be made