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Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:14. | |
Searching for more profit. Google disappointed the market with | :00:15. | :00:17. | |
Searching for more profit. Google disappointed the market with its | :00:18. | :00:20. | |
latest financial earnings. And we will find out about a surprising | :00:21. | :00:24. | |
study that says a good boss might be bad for your health. | :00:25. | :00:30. | |
Good morning. It's Friday. Glad you can join us for Asia Business | :00:31. | :00:40. | |
Report. Earnings of Google disappointed the market despite a | :00:41. | :00:45. | |
20% increase in profits in the first three months of the year. Revenues | :00:46. | :00:51. | |
of the world's discount any rising to over $20 billion, about to not | :00:52. | :00:57. | |
stop shares tumbling more than 4% in late trade. A North American | :00:58. | :01:00. | |
correspondent gave us this update after the hearing. The thing that | :01:01. | :01:09. | |
seems to emerge is this push and pull between advertising revenue | :01:10. | :01:12. | |
growth on the one hand, and what the company is spending on things that | :01:13. | :01:18. | |
aren't related to ads, essentially. Become P's chief financial officer | :01:19. | :01:23. | |
spilt out that the company would continue to spend money on its other | :01:24. | :01:29. | |
bets. It would try to spend money smartly, a reference to try to calm | :01:30. | :01:33. | |
investors it would continue to invest in new advertising related | :01:34. | :01:38. | |
spending. But it also said it would continue to focus on things like | :01:39. | :01:42. | |
fibre. This is where it is trying to build the infrastructure that people | :01:43. | :01:46. | |
need to try to get access to Internet connection. This is | :01:47. | :01:51. | |
something that is very capital intensive and has been reflected in | :01:52. | :01:55. | |
the numbers. If you look at other bets, part of their business that | :01:56. | :02:01. | |
includes fibre, revenue was $116 million, but the operating loss for | :02:02. | :02:06. | |
the whole other bets at of the business was $802 million, and that | :02:07. | :02:10. | |
is why you are seeing investors on Wall Street worried. Is the weak | :02:11. | :02:16. | |
computer market affecting its bottom line? It seems to be a company like | :02:17. | :02:24. | |
Intel which is being affected by changing consumer habits. On the one | :02:25. | :02:28. | |
hand, they are trying to deal with a market where people are moving away | :02:29. | :02:31. | |
from personal computers, but if you do deeper into the results, although | :02:32. | :02:38. | |
they have reported a loss, a profit loss, things like sales of its | :02:39. | :02:42. | |
surface tablet did remarkably well. That revenue was up higher. How is | :02:43. | :02:48. | |
this company doing in terms of making progress in its cloud | :02:49. | :02:52. | |
computing business? It seems to be singing some strength there. That | :02:53. | :02:57. | |
may offer some cheer for investors, but not right now because stock is | :02:58. | :03:00. | |
trading well since the numbers came out. There is more disappointment | :03:01. | :03:04. | |
when it comes to earnings in corporate America. You also have the | :03:05. | :03:12. | |
earnings of Gladstone plummeting 77% to $371 million. It has been put | :03:13. | :03:17. | |
down to the rollercoaster ride that he had a bull market in the first | :03:18. | :03:22. | |
three months of the year. -- that has been put down to the | :03:23. | :03:31. | |
rollercoaster ride that he D. Revenue expectations were also | :03:32. | :03:34. | |
missed the second quarter in a coffee chain. It came slightly under | :03:35. | :03:41. | |
what was forecast at $49 billion. There was solid sales in Asia | :03:42. | :03:45. | |
helping to offset slower growth in Europe, but still missing market | :03:46. | :03:50. | |
expectations. Iraq Obama is enduring and high on his agenda is a free | :03:51. | :03:55. | |
trade agreement between the two sides called the TTI P -- Barack | :03:56. | :04:03. | |
Obama. He is expected to pass a similar deal with Asia before he | :04:04. | :04:08. | |
leaves office. But it is not a popular topic ahead of the | :04:09. | :04:10. | |
presidential elections. If there is one thing these | :04:11. | :04:17. | |
presidential candidates may come close to agreeing, it is free trade. | :04:18. | :04:23. | |
Our country is being ripped off. Disastrous trade agreements written | :04:24. | :04:28. | |
by corporate America. We have lost American jobs. What do voters want? | :04:29. | :04:35. | |
Fair trade agreements that allow manufacturing jobs to return to | :04:36. | :04:41. | |
America. We are against the TTI P and other trade treaties because | :04:42. | :04:45. | |
they move jobs from here abroad. But is it right that politicians and | :04:46. | :04:52. | |
voters are blaming trade agreements for the loss of American jobs? They | :04:53. | :04:55. | |
are trying to find something to blame. The country is fashion on | :04:56. | :05:04. | |
tray. Support for trade deal is also falling in Europe. Only 17% of | :05:05. | :05:11. | |
Germans support the agreement, down from 55% just two years ago. -- | :05:12. | :05:19. | |
fashioned on trade. Nearly 150,000 people have signed a petition to | :05:20. | :05:23. | |
stop Obama from doing agreeing the deal. The 13th round of negotiations | :05:24. | :05:31. | |
will be held in New York next week. Even if an agreement is reached | :05:32. | :05:34. | |
before President Obama leaves office, there is now doubt over | :05:35. | :05:37. | |
whether his successor will precede the deal. And the same uncertainty | :05:38. | :05:43. | |
applies to another trade deal with nature, the transpacific | :05:44. | :05:43. | |
partnership. Being an inspirational leader is | :05:44. | :05:53. | |
probably the goal of most aspiring managers, but a strong leadership | :05:54. | :05:56. | |
always have a positive impact on staff? A new study has found | :05:57. | :06:02. | |
sickness levels in staff may be higher under leaders who inspire | :06:03. | :06:06. | |
their teams to work above and beyond the call of duty. I spoke to the | :06:07. | :06:15. | |
report of the earlier, and asked her what the study tells us about good | :06:16. | :06:21. | |
bosses. It is quite surprisingly. We talk about inspirational leaders and | :06:22. | :06:25. | |
transformational leaders, and these are leaders that formulate a clear | :06:26. | :06:31. | |
vision for their teams, and also challenge them to problem solve and | :06:32. | :06:35. | |
take responsibility for developing themselves in their jobs. These are | :06:36. | :06:40. | |
things you should think where positive, and there is a lot of | :06:41. | :06:43. | |
research showing this type of leadership is related to | :06:44. | :06:46. | |
performance, and also more recently to well-being, work engagement and | :06:47. | :06:52. | |
satisfaction in jobs. But we have looked at what are the consequences | :06:53. | :06:56. | |
over time? Without doubt transformation and inspirational | :06:57. | :07:01. | |
leadership in relation to sickness absenteeism, and found if you | :07:02. | :07:06. | |
measure the leadership in the first year, any subsequent 12 months, | :07:07. | :07:14. | |
those who report their work in a team with a transformational leader | :07:15. | :07:21. | |
higher levels of sickness absenteeism to one side. So you say | :07:22. | :07:28. | |
a good boss is bad for your health? So what should be done going forward | :07:29. | :07:31. | |
for the so-called transformational leaders? They should make | :07:32. | :07:37. | |
adjustments so that employees do not get sick. Yes. We can talk about | :07:38. | :07:46. | |
pseudo- transformational leaders or authentic transformational leaders, | :07:47. | :07:50. | |
so it is important that leaders are aware not only of employees | :07:51. | :07:54. | |
performing well, also their health and well-being. So they display | :07:55. | :07:59. | |
values that we take care of the channel, we do not expect you to be | :08:00. | :08:03. | |
working at high levels of the time. That is part of the problem. If you | :08:04. | :08:07. | |
perform above and beyond all the time, you don't have an opportunity | :08:08. | :08:11. | |
to recover, and that is what leaders need to consider, making sure they | :08:12. | :08:16. | |
display values they consider both performance and employee health and | :08:17. | :08:20. | |
well-being, and make sure it is acceptable if you are not feeling | :08:21. | :08:23. | |
well, you don't come in. You take the day off rather than coming in | :08:24. | :08:29. | |
but you are ill. We found that increases sickness absenteeism if | :08:30. | :08:33. | |
you come in while you are ill. Over time, it means you will be more | :08:34. | :08:39. | |
likely to go on sick leave. I believe a good boss translates to | :08:40. | :08:49. | |
good health. Let's now meets this person. He/she will? -- is she will? | :08:50. | :08:58. | |
She smiles when people speak and asks you to take a photo, she is not | :08:59. | :09:03. | |
human. A research team in China spent three years creating her. She | :09:04. | :09:07. | |
is said to be one of the most realistic humanoid robots ever | :09:08. | :09:13. | |
made, and has been on show at the China International technology fair | :09:14. | :09:16. | |
in Shanghai. What do people make of her? | :09:17. | :09:22. | |
TRANSLATION: She would be more lifelike if she had more bodyline | :09:23. | :09:25. | |
which. I watched for a while and found out she can move her mouth and | :09:26. | :09:29. | |
eyes that had limited range of hand movement -- body luggage. She would | :09:30. | :09:34. | |
be more lively if her arms and legs moved more. I thought she was a real | :09:35. | :09:39. | |
human when I passed by just now. I looked again from a distance and | :09:40. | :09:43. | |
wondered why she did not move. I only found out you was a robot when | :09:44. | :09:47. | |
I got closer. I was surprised the quiz she was so lifelike -- she was | :09:48. | :09:54. | |
a robot. Japan's Nikkei is now open. It has been 40 minutes. Let's see | :09:55. | :10:01. | |
what happens with Mitsubishi shares. They were unable to match orders | :10:02. | :10:07. | |
from sellers, so no deals were executed for Mitsubishi. It comes | :10:08. | :10:13. | |
after the Japanese car manufacturer admitted to falsifying fuel economy | :10:14. | :10:17. | |
testator to make its emissions look more favourable. And as we can see | :10:18. | :10:21. | |
it right now, the Tokyo stock exchange currently down by half a | :10:22. | :10:26. | |
percent. The all ordinaries also in negative territory. Thank you for | :10:27. | :10:30. | |
investing your time with us. Goodbye for now. | :10:31. | :10:35. |