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