30/01/2017 World Business Report


30/01/2017

Similar Content

Browse content similar to 30/01/2017. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

Airlines juggle flight crew and passengers,

:00:00.:00:19.

while the tech giant Google urges some staff not to leave the country.

:00:20.:00:23.

We'll find out how companies are being impacted by the US travel

:00:24.:00:26.

Benoit Hamon is chosen as France's socialist candidate

:00:27.:00:34.

for the country's upcoming election but will his pledge

:00:35.:00:36.

of a pay-cheque for all be enough to lure voters?

:00:37.:00:44.

Welcome to World Business, Report I'm Sally Bundock.

:00:45.:00:48.

Also in the programme another computer glitch grounds domestic

:00:49.:00:51.

President Trump is standing firm on his ban on immigration from seven

:00:52.:01:01.

countries - Iran, Iraq, Libya, Somalia, Sudan,

:01:02.:01:02.

He's also denying the measures are targeting muslims.

:01:03.:01:11.

He's also denying the measures are targeting Muslims.

:01:12.:01:13.

The leaders of many global business have been swift to react -

:01:14.:01:16.

the technology firms among the first to speak out.

:01:17.:01:19.

Google says it will take legal action to protect its employees.

:01:20.:01:22.

It's urging staff who could be caught up in the ban not

:01:23.:01:25.

The head of Tesla, Elon Musk, says the ban isn't the best way

:01:26.:01:33.

to address challenges the country is facing -

:01:34.:01:35.

and says he will take up industry concerns with President Trump's

:01:36.:01:38.

Emirates - one of the world's biggest long haul carriers -

:01:39.:01:42.

has had to change flight rosters for pilots and cabin crew.

:01:43.:01:45.

While Etihad - the national airline for the United Arab Emirates -

:01:46.:01:48.

says it is offering affected passengers the option to refund

:01:49.:01:51.

Blake Chisam is a partner with the US immigration law firm

:01:52.:02:09.

One of the problems is the confusion? Absolutely. If there is

:02:10.:02:26.

confusion and fluidity in what is going on. Companies are finding that

:02:27.:02:32.

if they had a senior executive, senior engineer outside the country

:02:33.:02:37.

on business and all of a sudden he or she cannot come back for at least

:02:38.:02:44.

90 days that is going to cause problems to businesses. Key members

:02:45.:02:51.

of staff could be stuck, some could even be de change in airports. You

:02:52.:02:57.

have the likes of Google saying we are going to take legal actions.

:02:58.:03:04.

What should companies be doing? It is not what they should be doing it

:03:05.:03:10.

is what they are doing. They are thinking about this and trying to

:03:11.:03:13.

understand some broad language in the executive order which was not

:03:14.:03:20.

vetted as carefully as it should have been. In the future they will

:03:21.:03:28.

have to solve the problems affect their employees. These kinds of

:03:29.:03:35.

actions by the US government need to be vetted properly and really made

:03:36.:03:42.

to see the light of day with the technical experts that can make it

:03:43.:03:48.

work well. Many as saying this was signed on Friday and has caused

:03:49.:03:53.

complete chaos since then. Many would argue, who is around Mr Trump

:03:54.:04:04.

to advise him. He is a businessman, you would assume that is something

:04:05.:04:10.

in his mind? I do not assume anything. Talking to people and

:04:11.:04:17.

understanding how the system works and making sure to take this

:04:18.:04:21.

confusion out of the system and make it less fluid and more certain so

:04:22.:04:26.

that businesses can plan and keep their people at work and safe. We

:04:27.:04:37.

appreciate your time. A lot more appreciation on our website if

:04:38.:04:40.

you're wanting to more information. Benoit Hamon will be

:04:41.:04:44.

the French Socialist Party's candidate in the presidential

:04:45.:04:46.

elections in April, after winning The state of the world's sixth

:04:47.:04:49.

biggest economy is one of the main reasons he's got the chance

:04:50.:04:56.

to replace Francois Hollande Benoit Hamon is a 49-year-old former

:04:57.:04:58.

education minister whose key economic policies include a working

:04:59.:05:04.

week of just 32 hours. Also a tax on robots

:05:05.:05:11.

which would fund a basic income of about $800 - that's

:05:12.:05:15.

750 euros per month - He comfortably beat former prime

:05:16.:05:19.

minister, Manuel Valls. And now Mr Hamon will have

:05:20.:05:27.

to convince the rest of France he can reduce the stubbornly

:05:28.:05:30.

high unemployment rate Another big challenge

:05:31.:05:32.

is the budget deficit. The latest figures showed that

:05:33.:05:42.

in 2015 the government spent 3.5% more

:05:43.:05:49.

than it brought in. That's beyond the EU

:05:50.:05:53.

limit of 3 percent. And when the presidential election

:05:54.:05:55.

happens in April Mr Hamon will be fighting off the pro-business former

:05:56.:05:58.

Socialist economy minister Emmanuel The centre-right Republican's

:05:59.:06:00.

Francois Fillon who wants And the leader of the far-right

:06:01.:06:02.

Front National Marine Le Pen who wants to exit the

:06:03.:06:07.

European single currency. Tomasz Michalski is an associate

:06:08.:06:14.

professor of economics at HEC Nice to see you again. Give us your

:06:15.:06:32.

take on the weekend news and what you think of Benoir Hamon. Thank you

:06:33.:06:39.

for having me. Basically, yesterday parse mac election marks the closing

:06:40.:06:46.

of the first phase of the presidential campaign. The rough

:06:47.:06:51.

crystallising around major issues. The first, how far to go with market

:06:52.:06:58.

reforms of the French economy. Francois Fillon Francois Fillon the

:06:59.:07:04.

most radical pro- market profiler. And then to different candidates

:07:05.:07:11.

saying to try something else - Benoir Hamon will try to do a hard

:07:12.:07:18.

plastic left stimulus, for example increasing the minimum wage and

:07:19.:07:24.

shorten the working week. A lot of measures that even... They are so

:07:25.:07:31.

radical they have not been tried before. Marine Le Pen saying to

:07:32.:07:42.

install tariffs and 80 from the euro and even if the European Union. --

:07:43.:07:49.

the euro. Ringing back the great old days of the 70s. The other line of

:07:50.:07:54.

fracture is immigration and controlling restrictions. Marine Le

:07:55.:07:59.

Pen the National Front is the most radical. Francois Fillon also

:08:00.:08:07.

presented a tough stand on reforming immigration laws. He would like to

:08:08.:08:14.

select immigrants those who would help France, some kind of a points

:08:15.:08:21.

system. The other groups, Emmanuel Macron all the Benoir Hamon camp, or

:08:22.:08:28.

read on the left wing of Benoir Hamon do not care about that issue

:08:29.:08:36.

that much. The four different groups more or less seem to be equally

:08:37.:08:41.

large fighting it off for the presidency. It will be a very

:08:42.:08:46.

fascinating and interesting election and knowing that we also have a

:08:47.:08:51.

second round. What are you think the outcome will be, I know it is hard

:08:52.:08:55.

to say at this point? The most likely thing is we are going to

:08:56.:09:01.

probably have a showdown between the populace and probably it will be

:09:02.:09:07.

Emmanuel Macron facing on Marine Le Pen Marine Le Pen and winning. We

:09:08.:09:18.

shall keep a close eye on it. In the markets, Delta airlines was a fact

:09:19.:09:23.

that by grounding flights. International flights were not

:09:24.:09:28.

affect it and they say it is managing to fix the problem. Not

:09:29.:09:34.

much action for markets. Most closed for the Chinese New Year but we do

:09:35.:09:40.

have Japan and Australia open and they are not faring well at all a

:09:41.:09:45.

lot to do with the reaction of the band put in place by US President

:09:46.:09:54.

Donald Trump. I will seize on. --I will see you soon.

:09:55.:10:09.

The recent phenomenon of so-called fake news,

:10:10.:10:11.

where deliberately false information is circulated around social media

:10:12.:10:15.

Download Subtitles

SRT

ASS