:00:00. > :00:00.on Friday. But the industrial action over plans to cut nearly a thousand
:00:00. > :00:00.jobs will continue until Thursday night.
:00:00. > :00:18.Now on BBC News all the latest business news live from Singapore.
:00:19. > :00:23.Twitter shares plunge after the social website gain worth than
:00:24. > :00:26.expected profits and slowing growth. And China's the mental commodities
:00:27. > :00:31.is bearing the development of new industries in Africa. -- China
:00:32. > :00:38.public demand for new commodities. The queue for that matter thank you
:00:39. > :00:42.for joining us. We start with Twitter and shares on the
:00:43. > :00:46.microblogging website falling 30% after posting a disappointing
:00:47. > :00:50.earnings report. Its first since going public in November. It bombed
:00:51. > :00:56.a net loss of more than $500 million which is more than double forecast.
:00:57. > :01:04.User growth was also slowing. To the faces tough competition in this part
:01:05. > :01:09.of the world, it is then in China where other networks dominate. In
:01:10. > :01:16.Japan, line is the most popular service. Talk is the big platform in
:01:17. > :01:26.South Korea. We went to find out why Twitter is not so popular among
:01:27. > :01:29.South Korean residents. TRANSLATION: and then use Twitter because there
:01:30. > :01:33.is not much I feel I need to share with other people. Twitter may be
:01:34. > :01:43.well known but most of my friends do not use it. So, neither do I.
:01:44. > :01:48.I am not a user of Twitter and neither the way use other social
:01:49. > :01:52.network services. To me, privacy is important, people tend to postings
:01:53. > :02:01.on what they have done or where they have been. I don't like the idea of
:02:02. > :02:04.doing that. Earlier I spoke to a research company representative in
:02:05. > :02:11.San Francisco and ask for thoughts on Twitter earnings performance. The
:02:12. > :02:16.question is not the user group, that is not the part that worries me or
:02:17. > :02:24.should worry Twitter's investors the real issue is if they can continue
:02:25. > :02:30.to grow the number of timeline views per monthly active user. The number
:02:31. > :02:35.has been down the last 2/4 in a row. What should Twitter do at this point
:02:36. > :02:40.to refresh its service for users to stay on the microblogging site?
:02:41. > :02:45.Today has been talking about the right decisions, putting in early --
:02:46. > :02:49.earnings calls today whether CEO commented they are looking to make
:02:50. > :02:54.Twitter more engaging, looking to add richer media experiences and
:02:55. > :02:59.they commented on the introduction of conversation view. The age of
:03:00. > :03:04.those changes, you really want to be paying attention. To the actually
:03:05. > :03:10.make people more likely to consume more content and spend more time on
:03:11. > :03:15.the property. They are having issues with current users, Zach, they have
:03:16. > :03:18.a problem in this part of world, East Asia, are they missing out on
:03:19. > :03:25.the world 's most connected countries in the region? I would not
:03:26. > :03:29.say they are missing out but like many US -based companies, they are
:03:30. > :03:35.slower to grow internationally than they have been domestically. Both in
:03:36. > :03:41.terms of number of users and advertising. What should be their
:03:42. > :03:47.strategy for Asia? In Asia, it is going to be a question of if they
:03:48. > :03:54.can really update their offerings past the static 140 characters of
:03:55. > :04:04.content so that people think this is a great place to spend time. In
:04:05. > :04:07.other business news making heads are -- headlines, the trillion dollar is
:04:08. > :04:13.trading at a two week high after the country release positive retail
:04:14. > :04:18.sales. Retail sales gaining 0.9% in December. Consumer spending is on
:04:19. > :04:23.the upswing. Its trade balance unexpectedly moved into it your
:04:24. > :04:29.surplus in two years, due to higher than expected export numbers.
:04:30. > :04:33.Disney's box office hit Frozen has helped power the company to better
:04:34. > :04:40.then expected quarterly profit. The movie and Disney's ESPN sports
:04:41. > :04:46.division lifted net income by 43%. It is $1.8 billion. Shares of Walt
:04:47. > :04:52.Disney are rising by nearly 2% in extended US trading on the positive
:04:53. > :04:57.news. Aston Martin has recalled more than 17,000 cars because of a
:04:58. > :05:02.potentially defective part. The British luxury car maker said a
:05:03. > :05:06.Chinese sub supplier allegedly used counterfeit plastic in making its
:05:07. > :05:11.accelerator pedals. The recall accounts for most of its sports cars
:05:12. > :05:18.built since late 2007. The firm said there have been no reports of any
:05:19. > :05:21.accidents. China's appetite for commodities and its interest in
:05:22. > :05:27.Africa are well-known. With its economic rise in the last decade,
:05:28. > :05:29.the main man has come -- become Africa's biggest trading partner.
:05:30. > :05:38.China's influence is not confined to the mining industry is our reporter
:05:39. > :05:43.found out when she spoke to a man of an enterprise group and asked why a
:05:44. > :05:47.telecoms company is at Africa's Abydos mining conference in Cape
:05:48. > :05:52.Town. We're here today to major-league lunch in a big way the
:05:53. > :05:56.first-ever not only in Africa in South Africa but also globally, the
:05:57. > :06:03.first-ever end to end mining Communications solution. We are able
:06:04. > :06:12.now to deliver that are better, voice and video on one single
:06:13. > :06:14.platform. The whole multimedia platform system. That is why we're
:06:15. > :06:22.here. We are telecommunications company. We have been operating for
:06:23. > :06:26.12 years but three years ago we decided to restructure the business
:06:27. > :06:32.strategy and we began the enterprise business groups. Today we are here
:06:33. > :06:38.as an enterprise business group. The enterprise space as well as supply
:06:39. > :06:41.communication solutions to various industries like transport, energy
:06:42. > :06:48.and mining so that is why we are here today. Let's talk about the
:06:49. > :06:51.fact that China is perceived to be largely an investor in mining and
:06:52. > :06:57.extracting of resources not in telecoms. How do you deal with that
:06:58. > :07:03.perception? Want to let you know the perspective and you hear this in
:07:04. > :07:08.mining, the 20th mining endeavour, or the mining companies are
:07:09. > :07:13.concentrating on mechanisation. People talking about efficiency,
:07:14. > :07:16.improved efficiency, people talking about increased production. People
:07:17. > :07:21.talking about integrating various operations of the company and we are
:07:22. > :07:25.saying to be able to do all of that, what you need is
:07:26. > :07:29.communication. You need technology. We believe that we are here today
:07:30. > :07:38.not only to do all of these things and improve and improve but he had
:07:39. > :07:42.to transform the mining industry. Thank you for your time. A lot of
:07:43. > :07:46.gadgets behind me as investors are urged to test new technology. The
:07:47. > :07:52.issue is that the players are now riding the crest of the mining boom
:07:53. > :07:55.that exist in Africa and the Chinese are seeing the synergies between
:07:56. > :08:04.their mining investments, their telecoms investments and other
:08:05. > :08:07.areas. It is day two of the Delhi auto show but the industry has been
:08:08. > :08:12.feeling the effects of a slowdown with the prospect of a turnaround by
:08:13. > :08:22.national elections by May. We went to the auto Expo two week gauge the
:08:23. > :08:29.mood of the companies there. Nearly 50 new launches, it will be hard to
:08:30. > :08:34.believe that the image -- Indian car industry is going through its worst
:08:35. > :08:37.phase in over a decade. Here at the India auto show you would think that
:08:38. > :08:41.carmakers would be worried about the slump in demand but right now most
:08:42. > :08:47.manufacturers seem to be focused on the long-term potential of the
:08:48. > :08:58.Indian market. Despite the fanfare, I's largest automaker, the city, has
:08:59. > :09:03.had a tough year. -- Suzuki. Increased demand from global
:09:04. > :09:08.manufacturers has hit sales. We tried to target this year by 100,000
:09:09. > :09:17.we try to sell the vehicle and next year we try to do more. The kind of
:09:18. > :09:25.development is very important also that is our vision for the company
:09:26. > :09:31.because they deliver the car for old Indian people. Not everyone is doing
:09:32. > :09:37.badly. The luxury car market is expanding rapidly. It is still a
:09:38. > :09:41.very small segment of customers. But as demand in Europe has been going
:09:42. > :09:48.down steadily, most companies expect India to do well. We see the market
:09:49. > :09:50.in the first half of the year being relatively flat by post elections
:09:51. > :09:57.midyear we see a spurt. Expect the market will grow at a pace to last
:09:58. > :10:02.year. The luxury segment. We plan to exceed that growth. We are looking
:10:03. > :10:07.forward to a great year. Kasi can be made at a third of the cost of the
:10:08. > :10:10.US and many other markets. Relatively low labour costs and high
:10:11. > :10:14.engineered kids means that companies are still investing here. Not just
:10:15. > :10:19.to manufacture more models locally but also to source components from
:10:20. > :10:31.local vendors. Despite the slump in sales, no one is moving I just yet.
:10:32. > :10:40.Thank you for watching. Sport today is coming up next on BBC knew what
:10:41. > :10:43.-- world news. I am Mike Emily with the news this hour. The Catholic
:10:44. > :10:46.Church has been heavily criticised by a UN committee - which says its
:10:47. > :10:48.policies allowed priests to rape and molest thousands of children.
:10:49. > :10:49.Severe storms and 90mph