Browse content similar to 14/02/2014. Check below for episodes and series from the same categories and more!
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Kane. The Conservatives were pushed into third place by UKIP. The | :00:00. | :00:00. | |
by-election was brought about by the sudden death of the serving MP Paul | :00:00. | :00:00. | |
Goggins last month. Now on BBC News, all the latest business news live | :00:00. | :00:07. | |
from Singapore. ET is the last day of deals at the | :00:08. | :00:20. | |
Singapore Airshow. We find out the final figures, live from the | :00:21. | :00:24. | |
organiser. And doing trade between the Gulf and China. It's no longer | :00:25. | :00:30. | |
about oil. Welcome. Trade is winding up at | :00:31. | :00:40. | |
Asia's biggest aviation event, the Singapore Airshow. There have been | :00:41. | :00:46. | |
orders worth $11 billion. We will bring you the final figures shortly | :00:47. | :00:51. | |
when we speak with the organiser live from the air show. Let's take a | :00:52. | :00:54. | |
look at some of the highlights. Their boss revealed its latest | :00:55. | :01:00. | |
plane, the A350. It is seen as a rival to the Boeing 787 Dreamliner. | :01:01. | :01:08. | |
Boeing forecast its fleet will triple in 20 years. Airbus won the | :01:09. | :01:16. | |
biggest deal, with an order for 20 A380 super jumbo jets. That's worth | :01:17. | :01:23. | |
more than $8 billion. Let's cross to the Singapore Airshow and talk to | :01:24. | :01:27. | |
the organiser, who can give us the final figure on the deals. Thanks | :01:28. | :01:30. | |
for joining us. Over the next few hours, we are talking about the | :01:31. | :01:36. | |
figure of over $11 billion. Can you tell us what is the final tally of | :01:37. | :01:43. | |
how many deals have been closed? Good morning. At the end of the | :01:44. | :01:51. | |
third day of trading, yesterday there was the announcement of close | :01:52. | :01:56. | |
to US $32 billion worth of deals announced. That surpasses what we | :01:57. | :02:02. | |
did two years ago. Indeed, it does surpass what happened last time. | :02:03. | :02:09. | |
Close to $30 billion. But with Asia driving growth in air travel, there | :02:10. | :02:13. | |
were many expectations for this 2014 airshow. Do you think you met | :02:14. | :02:25. | |
expectations? The orders have come from all over Asia this time. I | :02:26. | :02:33. | |
think we are moving close to where I hope we will end up at the end of | :02:34. | :02:39. | |
trading this evening. But, if you take a look at the other global | :02:40. | :02:47. | |
airshow is over the past year, you have the likes of Dubai, with 206 | :02:48. | :02:55. | |
billion dollars, US, we also have the likes of others at over $70 | :02:56. | :03:02. | |
billion worth of deals. This figure of $32 billion, isn't that | :03:03. | :03:08. | |
disappointing? No, it isn't a disappointment because I think one | :03:09. | :03:14. | |
should consider that the middle eastern countries are suffering from | :03:15. | :03:18. | |
a very low base. Being the objective of making themselves a major hub | :03:19. | :03:24. | |
over the next few years, their orders are largely concentrated on | :03:25. | :03:27. | |
the bigger aircraft, the super jumbo jet is, the triple sevens, those | :03:28. | :03:34. | |
kinds of orders. But in the Asia-Pacific, most of the growth | :03:35. | :03:46. | |
will come from the LCCs. -- 777. Base of most regional and domestic | :03:47. | :03:52. | |
routes. The condition is different. We can't possibly reach those sorts | :03:53. | :03:56. | |
of numbers that Asia. It is a more mature market than the middle east. | :03:57. | :04:02. | |
But you should also consider that LCC has at least on order a fleet | :04:03. | :04:10. | |
that is going to be over what they are operating right now. They are | :04:11. | :04:14. | |
commanding something about 1000 aircraft but they have on their | :04:15. | :04:19. | |
books 1500 aircraft to be delivered over the next ten years and this | :04:20. | :04:23. | |
year alone 230 aircraft. It is one aircraft per day. Before we let you | :04:24. | :04:30. | |
go, a lot of people are saying that this is your last airshow that he | :04:31. | :04:34. | |
will be overseeing. Have you changed your mind? Will you come back for | :04:35. | :04:40. | |
another one? LAUGHS. I don't think so. I think I need a rest before I | :04:41. | :04:46. | |
embark on any other projects. It has been quite a ride. The last four | :04:47. | :04:52. | |
shows. It has been a great team effort and I think the show has | :04:53. | :04:56. | |
paced itself -- placed itself as one of the most important events in the | :04:57. | :05:02. | |
global aviation calendar. We will have to leave it there. Thank you so | :05:03. | :05:05. | |
much for joining us. And for revealing for the first time the | :05:06. | :05:12. | |
final tally of figures at the Singapore Airshow. As you mentioned, | :05:13. | :05:16. | |
more than 32 million dollars, US. Thanks for joining us. -- 30 $2 | :05:17. | :05:22. | |
billion. Other news, fresh numbers from China | :05:23. | :05:28. | |
reveals consumer prices or inflation coming in at 2.5% in January, | :05:29. | :05:33. | |
compare to one year ago. The data measures changes in the prices paid | :05:34. | :05:36. | |
by consumers for a basket of goods and services. The figure to January | :05:37. | :05:42. | |
falls broadly in line with market expectations. Analysts say that | :05:43. | :05:46. | |
expect the central plank -- central bank will keep its monetary policy | :05:47. | :05:49. | |
tight this year, as the inflation situation is under control. | :05:50. | :05:57. | |
Australian goldmining giants have been announcing a big fall in | :05:58. | :06:02. | |
profits. The underlying results for the six months in December dropped | :06:03. | :06:07. | |
to 6% to $180 million. The report follows problems in certain minds | :06:08. | :06:12. | |
and big write-downs of assets in West Africa. | :06:13. | :06:14. | |
It's no secret that Chinese companies are investing billions of | :06:15. | :06:18. | |
dollars around the world. But it's not just cash-strapped companies | :06:19. | :06:22. | |
proving attractive. The Middle East has been viewed as a good place to | :06:23. | :06:27. | |
do business. Our reporter has been to meet the Chinese business | :06:28. | :06:30. | |
community in Dubai to find out what deals are being done. | :06:31. | :06:44. | |
This is Dragon Mart. It the biggest trader of Chinese products outside | :06:45. | :06:54. | |
of the country itself. This tour group is the biggest tenant and has | :06:55. | :06:57. | |
been here since it opened in 2004. What attracted them here as a | :06:58. | :07:01. | |
trading post for their products? TRANSLATION: First of all, Dubai is | :07:02. | :07:10. | |
very well located. It is halfway from China to Europe. Another very | :07:11. | :07:14. | |
important aspect is the government in Dubai has offered favourable | :07:15. | :07:19. | |
policies, including zero taxes and EasyBiz processing. Plus, people -- | :07:20. | :07:24. | |
easy business. In this country are very friendly to us. We find it safe | :07:25. | :07:29. | |
to live here and our business is growing by 30% every year. Even | :07:30. | :07:35. | |
though they are less than one decade-old, they have experienced | :07:36. | :07:39. | |
enough demand to the overall footprint of the shopping centre | :07:40. | :07:42. | |
with this construction. When it opened in time for the 10th | :07:43. | :07:45. | |
anniversary later this year, the overall floor space will be around | :07:46. | :07:49. | |
the area of 50 international football pitches. So, what is | :07:50. | :08:00. | |
driving the demand? There has been great exchange of trade. The huge | :08:01. | :08:04. | |
amount of trade between the country and China is done through Dragon | :08:05. | :08:09. | |
Mart. The trade is much more than goods and services. Around two | :08:10. | :08:14. | |
thirds of the oil imports, from the Middle East, with Saudi Arabia alone | :08:15. | :08:17. | |
providing 1 million barrels a day. That dependency has led the IMF to | :08:18. | :08:23. | |
suggest that a slowdown in Chinese economic productivity could prove to | :08:24. | :08:26. | |
have a more significant impact on Gulf economies than the European | :08:27. | :08:33. | |
debt crisis. A cat Dragon Mart, -- back at, it is worth noting not | :08:34. | :08:37. | |
everyone is celebrating. Some said business was flat or declining, | :08:38. | :08:41. | |
particularly in the wake of the global financial crisis. None of | :08:42. | :08:44. | |
them wanted to appear on camera but it serves as a reminder that while | :08:45. | :08:48. | |
over Royal trade volumes are growing, there is always the chance | :08:49. | :08:52. | |
that business can go splat. -- overall trade. You can get more from | :08:53. | :08:59. | |
the team in Dubai in the Middle East business report this weekend. | :09:00. | :09:04. | |
The recoveries of major economies around the world seem to be gaining | :09:05. | :09:08. | |
pace and becoming attractive again to investors. What happens when | :09:09. | :09:11. | |
people are doing better? Apparently they drink more. In an exclusive | :09:12. | :09:18. | |
interview, we ask Alan Clark, the Chief Executive of a large company, | :09:19. | :09:22. | |
that the relationship between beer and the economy. If the economy | :09:23. | :09:31. | |
slows down, there is quite price elastic. About 75% of our business | :09:32. | :09:39. | |
is in merchant markets. You can see the impact of that in the economic | :09:40. | :09:44. | |
slowdown. -- emerging markets. Consumers can be affected by the | :09:45. | :09:48. | |
downturn. In the US today, where there is quite a lot of pressure on | :09:49. | :09:51. | |
the beer market, that's a result of the high levels of unemployment and | :09:52. | :09:55. | |
the economic position they have together with the rest of the world. | :09:56. | :09:59. | |
You can catch the rest of that interview and much more discussion, | :10:00. | :10:03. | |
whether businesses expect to find future growth, in Talking Business. | :10:04. | :10:13. | |
Before we go, a quick look at the markets. | :10:14. | :10:14. | |
future growth, in Talking Business. Before we go, a quick look at Most | :10:15. | :10:18. | |
Asian stocks in good territory. US shares closed higher for a sixth | :10:19. | :10:20. | |
straight day. shares closed higher for | :10:21. | :10:22. | |
You can keep up-to-date with more news from Asia and special ABC | :10:23. | :10:32. | |
reports on Twitter. -- BBC reports. The sport is up next. | :10:33. | :10:39. | |
The top stories this hour: Belgian MPs have voted to give terminally | :10:40. | :10:44. | |
ill children the right to die, regardless of age, taking the law on | :10:45. | :10:47. | |
euthanasia further than anywhere else. | :10:48. | :10:50. | |
At least 20 people have died in accidents resulting from the winter | :10:51. | :10:55. | |
storm that is paralysing much of the east coast of the United States. | :10:56. | :10:58. |