Browse content similar to 08/02/2017. Check below for episodes and series from the same categories and more!
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Now for the latest financial news with Sally Bundock | :00:08. | :00:09. | |
Weighing the arguments - a federal appeals court hears | :00:10. | :00:17. | |
the case for and against President Trump's controversial | :00:18. | :00:19. | |
travel ban - we talk you through what's at stake. | :00:20. | :00:26. | |
And share markets in India soar on the hopes its central bank | :00:27. | :00:29. | |
will cut interest rates to revive the economy - | :00:30. | :00:31. | |
We'll be live in Mumbai for the latest. | :00:32. | :00:44. | |
The farmers who put solar panels in their fields. | :00:45. | :00:51. | |
We start with President Trump's travel ban which has | :00:52. | :00:56. | |
A panel of appeals court judges hammered away at the government's | :00:57. | :01:00. | |
arguments that the ban was motivated by terrorism fears. | :01:01. | :01:03. | |
But they also asked pointed questions over claims it targeted | :01:04. | :01:05. | |
The hearing was conducted by phone - an unusual step - and while no | :01:06. | :01:14. | |
verdict was announced a spokesman for the court said it's likely | :01:15. | :01:17. | |
Whatever the court eventually decides, either side could ask | :01:18. | :01:21. | |
the Supreme Court to intervene which almost certainly means more | :01:22. | :01:24. | |
delay and confusion for millions of people around the world and also | :01:25. | :01:27. | |
for some of the United States' biggest businesses. | :01:28. | :01:39. | |
President Trump has been trying to temporarily ban people entering | :01:40. | :01:42. | |
He says "this is about terror and keeping our country safe" | :01:43. | :01:47. | |
while a stricter vetting system is put in place. | :01:48. | :01:49. | |
But there have been widespread protests against the ban - | :01:50. | :01:52. | |
127 companies including the likes of Apple, Google, | :01:53. | :01:54. | |
Microsoft, Tesla and Levi Strauss have all filed court submissions | :01:55. | :01:56. | |
in support of the ban being overturned. | :01:57. | :01:58. | |
In those documents they argued "Multinational companies | :01:59. | :02:00. | |
In those documents they argued "Multinational companies | :02:01. | :02:03. | |
To base operations outside the United States" | :02:04. | :02:06. | |
At the moment many of these companies use the H-1B visa | :02:07. | :02:09. | |
programme which grants entry to 85,000 skilled foreigners a year | :02:10. | :02:12. | |
There are approximately three applications for every | :02:13. | :02:16. | |
With me is Marianna Fotaki, Professor of Business Ethics | :02:17. | :02:27. | |
Give us your take on how damaging this process is, given we have still | :02:28. | :02:49. | |
-- to have no conclusion. Many people will agree that this ban is | :02:50. | :02:54. | |
cool as -- and in sensitive. -- crawl. Banning people from entire | :02:55. | :03:05. | |
countries. Those people are seen as a suspect of terror without any | :03:06. | :03:10. | |
evidence being brought. That is unjustified that is perhaps cruel. | :03:11. | :03:15. | |
People from those countries are really quite poor people and they | :03:16. | :03:19. | |
have been affected by ill and defies US foreign policy. That is the | :03:20. | :03:25. | |
ethical grounds. Dubious ethics means dubious business in many | :03:26. | :03:30. | |
cases. What are the potential impact? In the short term, the ban | :03:31. | :03:41. | |
is just came as an executive order without clear guidelines, who should | :03:42. | :03:47. | |
it include. In the beginning, people who were residents were also | :03:48. | :03:50. | |
affected and then that was overturned. Really, the airport | :03:51. | :03:54. | |
workers are actually left to decide who they should actually stop from | :03:55. | :03:59. | |
entering the country and in many cases, this means separating | :04:00. | :04:05. | |
families, as we have seen. That is the short term. More importantly, if | :04:06. | :04:10. | |
this ban continues, it will affect the image of the US and not just the | :04:11. | :04:15. | |
image but business thrives on diversity. Diversity -- innovation | :04:16. | :04:22. | |
thrives on diversity as well. US is very successful because it has been | :04:23. | :04:32. | |
conceived as an open, fair and... Sorry, I don't want to interrupt you | :04:33. | :04:37. | |
but I just have to say, from the point of view of the consumers of | :04:38. | :04:43. | |
these companies around the world and the companies themselves, if they | :04:44. | :04:47. | |
put out an application for new workers, obviously this temporary | :04:48. | :04:51. | |
ban is the suspended at the moment so it is not in place right now, but | :04:52. | :04:56. | |
even if it was put back in place, the think it will hinder people | :04:57. | :05:06. | |
coming to the US to work -- to work in the US in the future? People who | :05:07. | :05:11. | |
have choices will think twice to make US there are home. Even though | :05:12. | :05:16. | |
the bosses of these companies are very pro-diversity and from | :05:17. | :05:19. | |
different parts of the world to themselves. Indeed. That is why | :05:20. | :05:23. | |
there has been this reaction. That is why I would suggest that they use | :05:24. | :05:27. | |
considerable means to fight this order in the court of law. All | :05:28. | :05:34. | |
right, thank you the -- for your perspective. When we get any news of | :05:35. | :05:42. | |
any decision in the US, we will fill you in. | :05:43. | :05:43. | |
India's central bank meets to review its monetary | :05:44. | :05:45. | |
It's the first meeting since the government | :05:46. | :05:48. | |
announced its latest budget, and second after the controversial | :05:49. | :05:51. | |
Let's cross live to Mumbai and speak to our business reporter Sameer | :05:52. | :05:58. | |
Nice to see you. Lots of people are hoping there will be a cut in | :05:59. | :06:10. | |
interest rates. Will they deliver? It is a close one. You look at all | :06:11. | :06:15. | |
the polls that have been done in the last few days. Most economists feel | :06:16. | :06:19. | |
that India's central bank will go ahead with the rate cut. Because | :06:20. | :06:23. | |
inflation has slowed down, it is a primary concern and also the cash | :06:24. | :06:29. | |
ban which came into place 3.5 months ago, the dust has started to | :06:30. | :06:38. | |
special. -- settles. It has made clearer what is to come in the | :06:39. | :06:45. | |
coming months. There is also a school of thought that given that | :06:46. | :06:51. | |
there is so much cash in the system after the rupee ban because | :06:52. | :06:54. | |
everybody had to deposit their money back into the banks, banks have | :06:55. | :06:58. | |
ready started cutting rates. Rates are already down. It's really not | :06:59. | :07:05. | |
going to have any major impact. If they cut rates in the future. We | :07:06. | :07:12. | |
will know the ants in 3.5 hours whether they will cut rates not. -- | :07:13. | :07:16. | |
answer. Speak to you soon. After relying on nuclear power | :07:17. | :07:21. | |
for decades, Taiwan will stop So the government is ramping | :07:22. | :07:24. | |
up the use of green - or renewable - energy, | :07:25. | :07:28. | |
by installing wind turbines and converting damaged or unused | :07:29. | :07:30. | |
farmland into solar farms. Cindy Sui reports from | :07:31. | :07:33. | |
Southern Taiwan where farmers are cultivating solar | :07:34. | :07:35. | |
energy instead of crops. These fields are helping Taiwan to | :07:36. | :07:51. | |
produce modern renewable energy. The soil is damaged and most crops no | :07:52. | :07:57. | |
longer top - here. Now farmers are helping produce something else | :07:58. | :08:00. | |
instead. They earn money by a leasing their land to solar energy | :08:01. | :08:05. | |
companies and taking care of the panels. TRANSLATION: I never an | :08:06. | :08:13. | |
imagined our ancestors land would be used in this way. This is one of | :08:14. | :08:18. | |
hundreds of local farmers whose land is getting a new lease on life. | :08:19. | :08:22. | |
There are projects like this throughout Taiwan. Wherever they | :08:23. | :08:26. | |
can, the central and local governments are trying to find low | :08:27. | :08:30. | |
quality or unused land and turn them into solar energy farms. Solar | :08:31. | :08:37. | |
panels have also been placed on landmark Bill Dixon including Best | :08:38. | :08:41. | |
aquarium, this stadium and even this prison. -- buildings. It is part of | :08:42. | :08:47. | |
the planned to do away with an renewable energy which currently | :08:48. | :08:54. | |
produces 40% of Taiwan's energy. That includes scrapping this newly | :08:55. | :09:01. | |
built nuclear power pant is for it opens -- power plant, before it | :09:02. | :09:05. | |
opens. Taiwan also needs more wind turbines and natural gas plants. The | :09:06. | :09:13. | |
government wants green energy to eventually produce a fifth of the | :09:14. | :09:18. | |
island's electricity. Although green energy is ticking over in a | :09:19. | :09:23. | |
agricultural land, that doesn't mean a complete end to farming. | :09:24. | :09:31. | |
Underneath the solar panels, we grow mushrooms. The electricity we | :09:32. | :09:37. | |
generate is clean energy. It is good with -- it is good for Taiwan's | :09:38. | :09:43. | |
energy and good for the world. After a strong surge on Tuesday, | :09:44. | :09:58. | |
Bombay is taking a pause right now ahead of the rate decision. | :09:59. | :10:00. |