Browse content similar to 11/02/2014. Check below for episodes and series from the same categories and more!
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ban on smoking in cars in England and Wales when children are | :00:00. | :00:00. | |
passengers. They voted in favour of a Labour-supported amendment by a | :00:00. | :00:00. | |
majority of 269. Now on BBC News all the latest business news live from | :00:00. | :00:16. | |
Singapore. It is today one of Singapore's airshow. We get a sneak | :00:17. | :00:22. | |
peek of a new plan and speak to Boeing about competing in Asia. It | :00:23. | :00:27. | |
is a dirty business - authorities are doing their best in Asia to stop | :00:28. | :00:33. | |
money-laundering but it is an uphill battle. In Singapore the Singapore | :00:34. | :00:47. | |
airshow opened today with more than a thousand companies from 50 | :00:48. | :00:56. | |
countries there this year. Deals worth 31 billion dollars were | :00:57. | :01:01. | |
announced. New plan to on display for the first time. -- planes. If | :01:02. | :01:07. | |
you ever wondered what $50 million worth of investment in research and | :01:08. | :01:11. | |
development can get you, the answer is parked right behind me. This is | :01:12. | :01:18. | |
the A350, the latest Airbus and one claim to be the most modern. More | :01:19. | :01:26. | |
than 50% of the plan is made up of carbon fibre. Meanwhile, other parts | :01:27. | :01:32. | |
of use titanium and special alloys to further bring down weight. The | :01:33. | :01:43. | |
engine, they claim, means will use 25% less fuel than the current | :01:44. | :01:48. | |
generation of similar aircraft, offering the airlines capabilities | :01:49. | :01:55. | |
to offer long haul services and better fuel efficiency. 7000 such a | :01:56. | :02:07. | |
cross forecast to be sold over the next 20 years but Airbus is facing | :02:08. | :02:10. | |
competition in this act, not least from the Boeing Dreamliner which is | :02:11. | :02:13. | |
had a two year head start and, as Boeing found out, new technology can | :02:14. | :02:20. | |
create issues. The F 350 is expected to lead the commercial services in | :02:21. | :02:26. | |
the middle half of this year. -- eight 350. Our reporter is that the | :02:27. | :02:43. | |
show. She spoke to Boeing. How does Boeing plan to compete against air | :02:44. | :02:50. | |
bus? With me is that the vice president of sales and marketing. | :02:51. | :02:58. | |
You posted a positive outlook. You have been losing some ground in key | :02:59. | :03:03. | |
markets such as Japan, how to you plan to bring back those customers? | :03:04. | :03:08. | |
Last year we had a good year in terms of orders. 648 aircraft. In | :03:09. | :03:15. | |
the future, we have introduced new products such as the Dreamliner, the | :03:16. | :03:23. | |
triple seven, the 747 so we are well positioned to not only keep our | :03:24. | :03:29. | |
market share but grow at over time. With the air bus a 350, what more do | :03:30. | :03:37. | |
you think you can do? Where is the growth coming from? There is no | :03:38. | :03:45. | |
question the A350 is now to our 787 - we have sold thousands since we | :03:46. | :03:52. | |
have launched it. To that there is 120 Dreamliners flying. Some in | :03:53. | :04:01. | |
Asia. Delivery great fuel efficiency. You have had some | :04:02. | :04:09. | |
setbacks with the Dreamliner, the battery fires, warranties and the | :04:10. | :04:13. | |
air India emergency landing just last week, do you know what is | :04:14. | :04:22. | |
causing those? We have had 55,000 flights - reliability is 98%. It is | :04:23. | :04:27. | |
delivering to our customers at 20% reduction in fuel consumption and it | :04:28. | :04:32. | |
is a great experience for passengers so we know we are on the right | :04:33. | :04:36. | |
projector it. We have some work to do but we are pleased with the | :04:37. | :04:39. | |
progress we have been able to make. You do not know what caused the | :04:40. | :04:46. | |
problems? We have taken every precaution with the Dreamliner and | :04:47. | :04:51. | |
the battery situation. We are confident with our solution and with | :04:52. | :04:58. | |
the reliability and the customers are confident as well. You can make | :04:59. | :05:10. | |
sure for further analysis go to our website. In other news making | :05:11. | :05:20. | |
headlines, Togo to has ended its vehicle production in Australian by | :05:21. | :05:25. | |
the end of 2017. Effectively, it marks the end of Australia's | :05:26. | :05:32. | |
carmaking industry. Last year, Ford and General Motors also announced | :05:33. | :05:34. | |
plans to stop producing cars in Australia. Barclays stake taken the | :05:35. | :05:39. | |
unusual step of releasing its offered figures a day earlier. It | :05:40. | :05:44. | |
wanted to provide clarity from media reports stop the pre-tax profits | :05:45. | :05:50. | |
were $4.8 billion. Barclays was due to release the figures later today | :05:51. | :05:56. | |
at it felt a Financial Times report printing the number was too close to | :05:57. | :06:02. | |
the actual figures. The proceeds of crime is the dark underbelly of many | :06:03. | :06:06. | |
of Asia's financial systems. The prices of money-laundering made | :06:07. | :06:10. | |
easier by countries which allow anonymous banking or fail to clamp | :06:11. | :06:16. | |
down on fake companies. In developing countries, it is | :06:17. | :06:18. | |
estimated trillion dollars is laundered away every year. These tax | :06:19. | :06:25. | |
havens are displayed criminals but the bulk of the money comes | :06:26. | :06:31. | |
originally from countries like China and Malaysia and India. Asked why | :06:32. | :06:40. | |
authorities or how authorities are dead to fight what is illicit? Much | :06:41. | :06:47. | |
is paper-based. Leave it not. In the Asia-Pacific region, in Singapore, | :06:48. | :06:52. | |
we have a vessels going through this port every day - what is on those | :06:53. | :06:58. | |
vessels? How is that paid? What countries is going to? Other things | :06:59. | :07:03. | |
on it that should not be that? Right now, it is paper-based. The entire | :07:04. | :07:07. | |
trade around the world is paper-based and that gives criminals | :07:08. | :07:12. | |
wide opportunity to move goods and services from point now to point B. | :07:13. | :07:19. | |
About a Chilean dollars slips through. -- $8 trillion. Of these as | :07:20. | :07:28. | |
staggering numbers. What is being done to clamp down on these? Any | :07:29. | :07:34. | |
large companies are pursuing this and many banking associations are | :07:35. | :07:38. | |
pursuing solutions. What they are trained to do is use data to | :07:39. | :07:46. | |
automate this trail. $138 billion just in the paper trail so surely | :07:47. | :07:51. | |
they could use some of that money to take a look at this. The countries | :07:52. | :07:57. | |
you have named, China, Malaysia, India - what makes these countries | :07:58. | :08:00. | |
particularly prone to money laundering is Mac I am not so sure | :08:01. | :08:07. | |
they are prone to it. The problem is worldwide. But all three countries | :08:08. | :08:13. | |
are booming. We're going to have trade, you are going to have more | :08:14. | :08:19. | |
money laundering. More ships. In China, there has been cracked down | :08:20. | :08:26. | |
is in corruption stop what is being done specifically their? Have you | :08:27. | :08:29. | |
seen improvements? Significant improvement. China released... Banks | :08:30. | :08:42. | |
must release documents. This allows them to know which to pay special | :08:43. | :08:54. | |
attention to. Asian online dating sites are seen as places to seek | :08:55. | :08:59. | |
husbands of wives but a group of young women are powering themselves | :09:00. | :09:11. | |
with the new type of firm. The 25 year-old founder explains how it is | :09:12. | :09:19. | |
unique. You only have two minutes to talk to the person which is really | :09:20. | :09:29. | |
about Sparks are not making a deal. Most sites are created by men so | :09:30. | :09:35. | |
this website is really unique - it is made by girls. Made by girls like | :09:36. | :09:43. | |
me, and the people behind me. How do we find the perfect match? When we | :09:44. | :09:49. | |
started, in all honesty, I was expecting 10,000 signups buy maybe | :09:50. | :09:56. | |
half a year. But we got that in three months. We do lots of events. | :09:57. | :10:04. | |
We arranged dates. We take it one step further. We do blogs, YouTube | :10:05. | :10:12. | |
series, it is really teaching women to empower themselves. We have a | :10:13. | :10:19. | |
much younger audience, from 18 to 29 years old. Most of them do not have | :10:20. | :10:29. | |
enough income to have cars. It is a bigger reach RAS -- they do not have | :10:30. | :10:35. | |
credit cards. It is a bigger reach for us. It is really for millennial | :10:36. | :10:49. | |
is. You only live once. That ends this edition of Asia Business | :10:50. | :10:59. | |
Report. Thanks for watching. Headlines Mac hundreds of | :11:00. | :11:00. |