:00:00. > :00:00.Secretary Liam Fox has urged to support the economy. Now to business
:00:00. > :00:23.news. Back in stores, Samsung is set to
:00:24. > :00:36.resume the sale of its phones after recent recalls.
:00:37. > :00:47.Good morning, Asia, hello, world, it is a Friday! We start off with
:00:48. > :00:53.Samsung Galaxy Note 7 which has been making headlines for the wrong
:00:54. > :01:00.reason because of its faulty batteries which are a fire hazard
:01:01. > :01:06.which meant the company had to recall the phones. Tomorrow it will
:01:07. > :01:10.be back in stores but will sales bounce
:01:11. > :01:22.back? It is as it wound back the clock back to September, doing it
:01:23. > :01:27.all again. At the beginning of September, it announced it would
:01:28. > :01:33.recall 2.5 million phones across the planet because of that problem. A
:01:34. > :01:41.few having exploding batteries. The figures differ for different
:01:42. > :01:45.countries. In Korea four out of five have been returning. The figure is
:01:46. > :01:51.smaller in some places. In Europe and the US it is probably 60%. The
:01:52. > :01:57.new phone goes on sale properly and it looks just like the old phone.
:01:58. > :02:02.The battery is different and the 1-way you can tell the difference is
:02:03. > :02:09.that there is a green battery icon on this. There is clearly a cost to
:02:10. > :02:16.Samsung. It is not giving figures but there is a cost in lost time.
:02:17. > :02:27.There will be revenue loss because of the brand damage. At the seven
:02:28. > :02:33.was launched in August and it was a perfect time for a Samsung to go one
:02:34. > :02:43.step ahead of Apple but they lost the chance, they lost a month.
:02:44. > :02:50.Samsung Electronics makes a raft of staff, TV, microwaves, washing
:02:51. > :02:53.machine, you name it that this is a big focus of its efforts. There is a
:02:54. > :03:02.global battle of smartphones with Apple. Samsung has messed up the
:03:03. > :03:04.launch of this, there is no doubt, and that cannot help but in that big
:03:05. > :03:14.global commercial flights. Samsung is also in talks over
:03:15. > :03:22.concerns over safety issues when it top load washing machine -- with its
:03:23. > :03:28.top load of washing machines in the US. The car makers plan to end the
:03:29. > :03:34.Sunderland could lose competitiveness if Brexit result in
:03:35. > :03:40.the UK trading with Europe under world trading rules. It would add
:03:41. > :03:50.10% to the price of the vehicle produced in the UK. We went to the
:03:51. > :03:55.Paris motor show. Frankly, what we are looking for is not to interfere
:03:56. > :04:01.in the intubation which may be a national situation. We want to make
:04:02. > :04:06.sure that when we have a European plant based in the UK, 80% of our
:04:07. > :04:14.products are being shipped from Sunderland to Europe, that this
:04:15. > :04:28.decision taken by the people of Great Britain does not translate
:04:29. > :04:33.into a handicap for Nisan. If we continue to do business as before,
:04:34. > :04:39.we have absolutely no problem. Whatever decision will be taken, the
:04:40. > :04:50.move of goods between the UK and Europe being as fluid as before. If
:04:51. > :04:57.that seems travel trading under these rules, adding 10% to the car
:04:58. > :05:04.being exported, would that represent a handicap you are talking about?
:05:05. > :05:10.Without any doubt. What would that mean for Sunderland? It would mean
:05:11. > :05:13.Sunderland would lose competitiveness where we come to
:05:14. > :05:18.choosing a place to source the product to Europe because we are
:05:19. > :05:26.taking 10% higher cost for tax reasons. To put it bluntly, it we
:05:27. > :05:33.revert to WTO rules it could hurt Sunderland? Without any doubt as to
:05:34. > :05:38.find ways to compensate for the 10%. Indonesian workers took to the
:05:39. > :05:43.street in Jakarta to protest against the government takes which is meant
:05:44. > :05:53.to plug a budget deficit. Unions say it unfairly pardons takes dodgers.
:05:54. > :05:58.Many of these people have been waiting for up to nine hours to be
:05:59. > :06:02.called in to do their tax return. They are trained to take advantage
:06:03. > :06:08.of the low rate of tax of that now as part of the tax amnesty. They
:06:09. > :06:19.have never seen in the office so busy. Many people come in to pay the
:06:20. > :06:26.penalty, the 2% penalty, before the 13th of September. They are trying
:06:27. > :06:30.to get a generous rate. Amongst those include a number of
:06:31. > :06:37.high-profile businessmen, including the son of former President Suharto.
:06:38. > :06:43.They want to convince people to bring money back from money havens
:06:44. > :06:50.such as Singapore and the Cayman Islands. The programme could raise
:06:51. > :06:54.billions of dollars. The tax amnesty programme has been controversial and
:06:55. > :06:59.powerful trade unions have brought their members out on the streets
:07:00. > :07:08.today to protest because they say it is unfair. TRANSLATION: People who
:07:09. > :07:11.have stolen from the country have been given the tax amnesty but
:07:12. > :07:19.law-abiding people are not given special treatment. You do not accept
:07:20. > :07:23.the President's explanation that the money raised will be used for
:07:24. > :07:30.infrastructure building, education and other policies? TRANSLATION: It
:07:31. > :07:33.can be done and different way, if the country desperately needs money.
:07:34. > :07:43.Like would you forgive that companies who have stolen the
:07:44. > :07:48.country's wealth for themselves? China is set to enjoy a double
:07:49. > :07:54.celebration this weekend, tomorrow we have the country marking both
:07:55. > :08:01.national day as well is a date when it becomes a global reserve
:08:02. > :08:08.currency. This includes the US dollar, the pound, the euro and the
:08:09. > :08:15.yen. What impact will it have? First and foremost, it is obviously a
:08:16. > :08:21.symbolic gesture. It is, for the first time, the IMF adding any
:08:22. > :08:28.currency to the basket since its inception. It is one of the most
:08:29. > :08:36.important implications is that it become an officially a currency
:08:37. > :08:41.which can be reported as part of the reserve. The biggest implication is
:08:42. > :08:47.actually the reforms the Chinese authorities did before getting into
:08:48. > :08:54.the basket, in order to meet the criteria. Starting last year, in
:08:55. > :09:02.July, they opened up the market fully for central banks to become
:09:03. > :09:08.multilateral. Are you saying it is now a fully convertible currency?
:09:09. > :09:13.For the central bank and the public sector community it is fully
:09:14. > :09:17.convertible. The are restrictions for the Chinese domestic inventors
:09:18. > :09:22.are the Chinese authorities have opened up the capital account and
:09:23. > :09:28.especially the access to the market fall private investors. It is a
:09:29. > :09:38.recognition of China's structural reform. You have the US at 40. It is
:09:39. > :09:44.more than the pound. And the yen. Could we see the rate increase over
:09:45. > :09:50.time? What happens today is that they are going to fix the currency
:09:51. > :09:56.amounts for the SDR. If they move, the relative rate can change that
:09:57. > :10:03.the next time they look at the actual way it is after five years
:10:04. > :10:08.when it can officially go up. -- weight. It is likely that it would
:10:09. > :10:18.because of the exports and other things. Let's have a quick look now
:10:19. > :10:26.at the markets and, as you can see, it is in negative territory after US
:10:27. > :10:33.stocks tumbled of after renewed worries on financials and
:10:34. > :10:45.withdrawals from Deutsche Bank. Sports Today is up next. Welcome.
:10:46. > :10:50.Our top stories: rescuers in south-east China are searching for
:10:51. > :10:51.survivors of landslides caused by