Browse content similar to 19/11/2015. Check below for episodes and series from the same categories and more!
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This is Business Live from the BBC, with Ben Thompson and Sally Bundock. | :00:00. | :00:08. | |
Cutting off funding for terrorists - as world leaders try to stem | :00:09. | :00:11. | |
the rise of IS and other armed groups, attention shifts to blocking | :00:12. | :00:14. | |
Live from London, that's our top story on Thursday 19th November. | :00:15. | :00:36. | |
With an income of billions of dollars a year, IS is the richest | :00:37. | :00:39. | |
But how do they make it, and how do global leaders intend to hit back? | :00:40. | :00:46. | |
A Pacific power struggle - the US and China square up | :00:47. | :00:52. | |
at the Apec summit in Manila, with territorial disputes | :00:53. | :00:54. | |
And the European trading day is under way, | :00:55. | :01:01. | |
In Japan, shares headed higher despite Government data showing that | :01:02. | :01:06. | |
exports fell in October for the first time in over a year. | :01:07. | :01:11. | |
And we'll hear from the chief executive of Forbes. | :01:12. | :01:14. | |
It's known, amongst other things, for its influential rich-list. | :01:15. | :01:16. | |
But can the magazine stay relevant in a digital world? | :01:17. | :01:19. | |
Mike Perlis is a veteran of the magazine world - | :01:20. | :01:21. | |
And as one bank in the Gulf says it will offer customers more interest | :01:22. | :01:29. | |
on their savings if they do more exercise, we want to | :01:30. | :01:35. | |
know - are financial rewards an incentive to stay fit and healthy? | :01:36. | :01:38. | |
Let us know - just use the hashtag #BBCBizLive. | :01:39. | :01:49. | |
The fight against so-called Islamic State has stepped up | :01:50. | :01:56. | |
after the attacks in Paris which killed 129 people. | :01:57. | :01:59. | |
Today the focus is on how the terrorists are funded, | :02:00. | :02:01. | |
with a commission set up by Russia's President Putin. | :02:02. | :02:05. | |
It's thought the militant group IS has an annual income of $2-billion. | :02:06. | :02:12. | |
The US Treasury says it's probably the best-funded terrorist group | :02:13. | :02:14. | |
Up to $500 million a year comes from the illicit sale of oil. | :02:15. | :02:22. | |
That's sold to smugglers, who then sell it on through middle men. | :02:23. | :02:26. | |
The UN says eight million people live in territory controlled | :02:27. | :02:28. | |
by the group, with taxation and extortion a key source | :02:29. | :02:30. | |
of revenue, bringing in hundreds of millions of dollars a year. | :02:31. | :02:35. | |
The group has also looted up to $1billion from banks | :02:36. | :02:40. | |
when it took over the Iraqi city of Mosul in 2014. | :02:41. | :02:47. | |
Joining me now is Dr Sally Leivesley, | :02:48. | :02:48. | |
director of NewRisk - they look at issues of terrorism and security. | :02:49. | :03:01. | |
As Ben outlined, this is an organisation that is self funding | :03:02. | :03:05. | |
and from that point of view is doing pretty well? It is a different | :03:06. | :03:10. | |
situation to other terrorist groups, you cannot easily disrupt with land | :03:11. | :03:19. | |
and revenues and resources, so their resilience against disruption means | :03:20. | :03:21. | |
we are in for a very long time with them. Prior to the terrorist attacks | :03:22. | :03:27. | |
in Paris of last week, this was looked into in great detail because, | :03:28. | :03:32. | |
of course, there was that issue of how this organisation operates, how | :03:33. | :03:37. | |
do we try and curb that? What conclusions are drawn about that, | :03:38. | :03:40. | |
and do we have any more insight, given what happened in Paris? The | :03:41. | :03:46. | |
stimulus with the G20 nations is that the leaders have to cooperate | :03:47. | :03:50. | |
because so much of this is banking through the Internet, and also it is | :03:51. | :03:55. | |
coordination of data collections, and unless the country leaders all | :03:56. | :04:00. | |
take that on and look at issues of privacy versus trying to really find | :04:01. | :04:05. | |
these plots on the run, and it is to find inside or our countries who is | :04:06. | :04:12. | |
being recruited. In a sense, is technology, the online banking, | :04:13. | :04:15. | |
social media for recruitment, that whole world is the key to this, I | :04:16. | :04:21. | |
assume, and it is at a time when big companies that provide that are | :04:22. | :04:24. | |
fighting with governments over privacy? Indeed, and unfortunately | :04:25. | :04:29. | |
this is a public safety issue because marauding attacks across | :04:30. | :04:33. | |
cities like Paris mean the finances of cities like Paris will take a | :04:34. | :04:38. | |
hit, so IS is now becoming a very expensive terrorist group because | :04:39. | :04:41. | |
they are causing us a cost within our own countries as well. As you | :04:42. | :04:47. | |
say in some of your analysis, it is about demand, supply, looking at the | :04:48. | :04:51. | |
basics of how business operates, and how you affect change through that | :04:52. | :04:58. | |
analysis? What is good is that the countries have got together and | :04:59. | :05:02. | |
understand that a lot of recruits are crowdfunding through family, | :05:03. | :05:06. | |
friends, social media, so getting over there is an easy situation but | :05:07. | :05:13. | |
the state itself needs energy, needs fuel, so what is happening is trying | :05:14. | :05:18. | |
to disrupt, if you could fuel convoy you may be stopping a fighting | :05:19. | :05:22. | |
effort that Isis leads, said that immediate impact within the Islamic | :05:23. | :05:27. | |
State by what countries like ours and Russia are doing, but back home, | :05:28. | :05:31. | |
while we are looking at what is over there we are missing the point that | :05:32. | :05:37. | |
we have to upgrade these patterns of buying types of equipment online. | :05:38. | :05:42. | |
Small bits of funding, people who are quite educated but never in a | :05:43. | :05:47. | |
job and you need large datasets in the analysis. We appreciate you come | :05:48. | :05:51. | |
again, very interesting, so much more to talk about. As you say, | :05:52. | :05:55. | |
governments are talking about this and trying to coordinate more and | :05:56. | :05:59. | |
more as time goes by. Difficult to know where to start, | :06:00. | :06:02. | |
though. Let's bring you up-to-date with some | :06:03. | :06:03. | |
other business stories. Reports say the US drug giant Pfizer | :06:04. | :06:08. | |
is in talks to buy Irish rival It's a deal that could be worth | :06:09. | :06:11. | |
$150 billion, making it the biggest It comes despite the US Treasury's | :06:12. | :06:15. | |
plans to clamp down on so called tax "inversions", | :06:16. | :06:19. | |
where a big US firm buys a smaller foreign rival then moves | :06:20. | :06:21. | |
its headquarters to avoid US tax. America's Central Bank, | :06:22. | :06:25. | |
the Federal Reserve, has given its strongest hint yet that it could | :06:26. | :06:27. | |
raise interest rates next month. Minutes | :06:28. | :06:33. | |
of the Fed's October meeting showed "most" officials felt conditions for | :06:34. | :06:35. | |
a rate hike "could well be met That takes place on the 15th | :06:36. | :06:38. | |
and 16th of December. Troubled Japanese electronics giant | :06:39. | :06:47. | |
Sharp is trying to persuade its employees to buy its products | :06:48. | :06:49. | |
in a bid to boost sales. The firm says it's not mandatory | :06:50. | :06:53. | |
for staff to buy its goods, but that it wants workers to choose its | :06:54. | :06:57. | |
products over those from rivals. The company recently announced its | :06:58. | :06:59. | |
operating profit fell 86% in the The annual | :07:00. | :07:02. | |
Asia Pacific Economic Cooperation - or Apec - summit is wrapping up | :07:03. | :07:17. | |
in the Philippine capital, Manila. Apec's members include huge | :07:18. | :07:23. | |
economies like the United States, China, Japan, and South Korea, | :07:24. | :07:25. | |
as well as the likes of Indonesia, Between them, they account | :07:26. | :07:28. | |
for almost half of global trade. Our correspondent Rupert Wingfield | :07:29. | :07:36. | |
Hayes is at the summit for us. It has been an interesting time, | :07:37. | :07:46. | |
because although they want to remain a coherent club all about trade, | :07:47. | :07:52. | |
making it easy, there are deep divisions particularly between the | :07:53. | :07:56. | |
US and China? That's right, we have heard lots of | :07:57. | :08:02. | |
platitudes here about improving cooperation, enhancing inclusive | :08:03. | :08:06. | |
growth, which has been the slogan of the meeting, but I think what has | :08:07. | :08:11. | |
been start here is the noticeable deepening differences between China | :08:12. | :08:14. | |
and the United States on a number of fronts. Firstly on territorial | :08:15. | :08:19. | |
issues in the South China Sea, President Obama came here much more | :08:20. | :08:22. | |
assertive in opposing what China has been doing in the South China Sea | :08:23. | :08:26. | |
over the last year, building on weeks, creating artificial islands, | :08:27. | :08:31. | |
President Obama said that must stop. He backed it up with new | :08:32. | :08:45. | |
military aid for the Philippines and Vietnam, including cue new ships he | :08:46. | :08:47. | |
announced yesterday for the Philippine Navy. That is on one | :08:48. | :08:49. | |
side. On the trade site, deep differences on trading blocs. | :08:50. | :08:51. | |
President Obama pushing his big trading group, the TPP, the | :08:52. | :08:54. | |
Trans-Pacific Partnership, which includes 12 nations including | :08:55. | :08:57. | |
Japan, Australia and several other Asia-Pacific nations but excluding | :08:58. | :09:02. | |
China. President Xie Jin Ping of China has come here pushing another | :09:03. | :09:07. | |
block, you may have heard of TPP but I doubt many people have heard of | :09:08. | :09:14. | |
FTAP, the free trade area for the Pacific, which China say should be | :09:15. | :09:16. | |
the new trading bloc for this region. It wants that taken more | :09:17. | :09:20. | |
seriously and wants to push ahead with plans for its own free trade | :09:21. | :09:26. | |
area to oppose the Americans' creation of the TPP. | :09:27. | :09:32. | |
Thank you so much. That Apec summit under way there in Manila. | :09:33. | :09:36. | |
Some news coming across the wires from Reuters, basically telling us | :09:37. | :09:40. | |
that Belgium will spend an extra 400 million euros, $427 million, on the | :09:41. | :09:47. | |
fight against Islamist violence, that coming from the Prime Minister | :09:48. | :09:52. | |
of Belgium. More funds to fight hate speech in particular, to track | :09:53. | :09:57. | |
potential extremists, and boost its intelligence services. Interesting | :09:58. | :10:00. | |
this should be announced, given the conversation we have just had with | :10:01. | :10:07. | |
Doctor Sally lately, so Belgium, to reiterate, spending an extra 400 | :10:08. | :10:11. | |
million euros specifically geared to fighting Islamist violence, that | :10:12. | :10:16. | |
story just coming across the wires. Let's just take you to the market | :10:17. | :10:17. | |
numbers. Stocks rising in Tokyo | :10:18. | :10:19. | |
after the Bank of Japan decided to keep its stimulus programme | :10:20. | :10:21. | |
unchanged, pushing up But elsewhere, | :10:22. | :10:23. | |
that early rebound at the start of the week levelled off yesterday | :10:24. | :10:26. | |
with further developments in Paris. In Europe, this is how | :10:27. | :10:30. | |
the numbers are looking. This after last night's news | :10:31. | :10:32. | |
from the Fed, where America's Central Bank laid out the case for | :10:33. | :10:35. | |
a potential rise in interest rates That's dominating Wall Street, but | :10:36. | :10:38. | |
what else is ahead in the US today? Wall Street will be hit with a | :10:39. | :10:57. | |
double whammy as two high-profile tech companies begin trading. | :10:58. | :11:03. | |
Square, Twitter CEO's Jack Dorsey's company, is one of the most | :11:04. | :11:07. | |
prominent unicorns, Private start-ups valued at over $1 billion. | :11:08. | :11:14. | |
The valuation has been significantly discounted from $6 billion a year | :11:15. | :11:18. | |
ago. The company has not been profitable and investors worry that | :11:19. | :11:22. | |
Jack Dorsey will be spread too thin between Square and Twitter to turn | :11:23. | :11:24. | |
things around. Match group which owns online dating | :11:25. | :11:30. | |
services will try to woo investors when it debuts on the Nasdaq. The | :11:31. | :11:34. | |
company plans to use the money raised to repay the debt it owes to | :11:35. | :11:39. | |
its parent company, IAC. And if we tell, Best Bites and Gap released | :11:40. | :11:45. | |
their earnings. Joining us is Sue Noffke, UK | :11:46. | :11:50. | |
equities fund manager at Schroders. It would seem that markets today are | :11:51. | :11:59. | |
quite happy with what they read in the central bank minutes on | :12:00. | :12:03. | |
Wednesday? The Fed are doing an important job of communicating to | :12:04. | :12:07. | |
market what it is that will cause them to start to move interest rates | :12:08. | :12:12. | |
after nine years. And then what they might look for in terms of the pace | :12:13. | :12:17. | |
of any further interest rate rises. It is clear that December, all other | :12:18. | :12:24. | |
things being equal, we will likely see the first rate rise. But the | :12:25. | :12:33. | |
pace and further moves are likely to be quite modest. It was that move | :12:34. | :12:43. | |
that boosted Asia? And we are seeing follow-through to Europe. What is | :12:44. | :12:46. | |
interesting in the detail, they talk about how the US economy has | :12:47. | :12:49. | |
weathered the storm perhaps better than they expected, talking about | :12:50. | :12:54. | |
external factors. They were unnerved in the summer and early autumn by | :12:55. | :12:57. | |
China in particular and what was going on in the emerging markets, | :12:58. | :13:02. | |
and I think they looked at the statistics, both internationally, | :13:03. | :13:05. | |
and what it means for the US domestic economy, and the data is | :13:06. | :13:09. | |
coming through reasonably strongly. I think we need to get away from | :13:10. | :13:24. | |
these kinds of emergency levels that we have lived with for so long. We | :13:25. | :13:27. | |
also have UK retail sales coming through later, expecting to see an | :13:28. | :13:30. | |
increase of something like 5% in sales, which sounds fairly decent. | :13:31. | :13:32. | |
What does that tell us about how the UK economy is doing? We always have | :13:33. | :13:35. | |
the comparison, year-on-year, what was the weather doing this time last | :13:36. | :13:39. | |
year to this year? It always comes back to the weather in UK sales! | :13:40. | :13:44. | |
There is a big weather in fact, in October and November we also have | :13:45. | :13:47. | |
the lead up to Christmas and also the important Black Friday, | :13:48. | :13:53. | |
pre-Christmas sales as well. Some retailers have decided to step away | :13:54. | :13:57. | |
from Black Friday, so I think we might be in for a surprise. We will | :13:58. | :14:02. | |
assess whether it is a good or bad move, but we need the right kind of | :14:03. | :14:05. | |
rain in the meantime! Stepping away from Black Friday, but | :14:06. | :14:10. | |
I don't think it is gone for ever, I think we are likely to see those | :14:11. | :14:13. | |
pictures of people scrabbling over TVs. | :14:14. | :14:17. | |
Also not gone forever, the various rich list, various people compiling | :14:18. | :14:19. | |
them and a bit obsessed with them. We'll hear from the first man | :14:20. | :14:23. | |
to head Forbes Media Steve Perlis is also a veteran | :14:24. | :14:26. | |
of the magazine industry, so we'll ask how do magazines | :14:27. | :14:32. | |
survive in a digital world? You're with Business Live | :14:33. | :14:34. | |
from BBC News. into what went wrong at the bank | :14:35. | :14:37. | |
HBOS will be published later. Our business reporter Simon Jack | :14:38. | :14:42. | |
is following the story for us. Simon, this is a long-awaited | :14:43. | :14:53. | |
report, we should get some detail but it is expected to be rather | :14:54. | :14:56. | |
critical? Yes, there is a big cast of | :14:57. | :14:59. | |
characters in this disaster movie but let's focus on the three leads, | :15:00. | :15:04. | |
James Crosby, former chief executive of HBOS, architect of an aggressive | :15:05. | :15:09. | |
sales driven growth strategy, Andy Hornby, his protege, came from | :15:10. | :15:15. | |
ASDA, retail background, went from selling mids to mortgages, he was at | :15:16. | :15:20. | |
Wembley when the bank went down in 2008. Dennis Stevenson, the chairman | :15:21. | :15:39. | |
of the bank who it could be argued was responsible for keeping his | :15:40. | :15:41. | |
aggressive executives in check. Possibly also criticism for the | :15:42. | :15:43. | |
auditor, KPMG, why were they not aware of what was going on, and | :15:44. | :15:46. | |
regulators at the time, people like John Tyler and Callum McCarthy, | :15:47. | :15:48. | |
around at the time at the FSA, expect them to get some flak, and | :15:49. | :15:51. | |
also the then Prime Minister Gordon Brown who brokered the deal for | :15:52. | :15:53. | |
Lloyds to take over HBOS -- HBOS, much to the chagrin of the | :15:54. | :15:56. | |
shareholders who say it prompted a hole in their bag. But why do we | :15:57. | :15:59. | |
care about this, it was seven years ago? 40,000 jobs were lost and it | :16:00. | :16:03. | |
cost a lot of money for the taxpayers. People will wonder why | :16:04. | :16:10. | |
only one single prosecutor, Peter Cummings, was fined when the rest | :16:11. | :16:14. | |
went Scot free. There will be a separate report on why that happened | :16:15. | :16:19. | |
out today by a QC called Andrew Green. | :16:20. | :16:20. | |
That report will definitely dominate the UK business news today. | :16:21. | :16:27. | |
The reason is caught our attention, news from Poundland, the brilliance | :16:28. | :16:36. | |
team who put it together, if you could hear the debate they had about | :16:37. | :16:45. | |
the pronunciation! This is Jim McCarty, TCL of | :16:46. | :16:49. | |
Poundland, he has been talking to the Today programme, about the | :16:50. | :16:53. | |
impact of the national living wage, and what impact it will have on his | :16:54. | :16:59. | |
company. Because he cannot put his prices at about ?1. And they are | :17:00. | :17:07. | |
merging with 99p Stores, so clearly a debate about whether prices will | :17:08. | :17:08. | |
go up or down! After attacks in Paris | :17:09. | :17:14. | |
killed 129 people on Friday, global leaders are now looking | :17:15. | :17:21. | |
at what they can do to limit the power | :17:22. | :17:25. | |
of the so-called Islamic State. the group's multibillion-dollar | :17:26. | :17:28. | |
funding stream. Russia has announced a commission | :17:29. | :17:31. | |
to combat terrorism financing, while the European Union | :17:32. | :17:34. | |
is now looking at what it can do to restrict the supply of | :17:35. | :17:37. | |
money to IS. Details of that as we get it, and | :17:38. | :17:49. | |
plenty more on the website, of course. | :17:50. | :17:51. | |
The magazine business has had a tough time of late. | :17:52. | :17:53. | |
The internet has been responsible for the demise | :17:54. | :17:55. | |
And denting the advertising revenues of others. | :17:56. | :17:58. | |
But there has been one notable exception, Forbes magazine. | :17:59. | :18:00. | |
The business magazine ended last year | :18:01. | :18:06. | |
with a record US readership of 6.7 million. | :18:07. | :18:09. | |
US visitors to Forbes.com have also risen significantly, | :18:10. | :18:12. | |
That success has spawned many admirers. | :18:13. | :18:20. | |
In 2014 Forbes Media, which controls the magazine, sold | :18:21. | :18:22. | |
a majority stake worth $300 million to a Hong Kong based investor group. | :18:23. | :18:27. | |
One of the key drivers of that success has been Mike Perlis, | :18:28. | :18:31. | |
back in 2010 he became the first chief executive of Forbes Media | :18:32. | :18:34. | |
to not be a member of the Forbes family. | :18:35. | :18:36. | |
Michelle Fleury asked him what he was doing differently. | :18:37. | :18:42. | |
I invested principally in digital content businesses, Huffington Post, | :18:43. | :18:46. | |
Buzzfeed, associated content, Buddy Media, and I learned a lot | :18:47. | :18:50. | |
about how to create content, how to figure out the right kinds | :18:51. | :18:53. | |
of business models around the creation of high quality content. | :18:54. | :18:58. | |
And I reached a certain age, and as a guy who's been an operator most of | :18:59. | :19:04. | |
my life, I decided, after ten years of venture capital investing, that | :19:05. | :19:08. | |
I wanted to take what I've learned and apply it to a grand old brand, | :19:09. | :19:15. | |
and I found Forbes, I've known Forbes, | :19:16. | :19:17. | |
they are very forward thinking, very nimble, and able to move, | :19:18. | :19:20. | |
and we put the old brand together with new digital thinking | :19:21. | :19:24. | |
and really transformed the company over the last five years, | :19:25. | :19:26. | |
which is what I left Softbank to go out and try and do. | :19:27. | :19:31. | |
You talk about the bigger opportunity being digital, | :19:32. | :19:33. | |
I mean, most of your advertising revenue now comes | :19:34. | :19:35. | |
from digital ads, not traditional ads. | :19:36. | :19:38. | |
It does, we crossed over that threshold | :19:39. | :19:41. | |
I think we are unique in old, well-established brands, | :19:42. | :19:48. | |
having found ourselves, worked very hard to get there, | :19:49. | :19:51. | |
but finding ourselves in the position | :19:52. | :19:54. | |
where most of our advertising from advertising comes from digital. | :19:55. | :19:59. | |
Which brings me to a concern that some people have about native | :20:00. | :20:02. | |
advertising, they are worried that somehow that wall between content | :20:03. | :20:06. | |
and advertising has been broken - how do you address those concerns? | :20:07. | :20:13. | |
Our native advertising product is something called Brand Voice. | :20:14. | :20:17. | |
We have over 100 marketers who take advantage of that. | :20:18. | :20:20. | |
they work with the business side of the house. | :20:21. | :20:26. | |
But the content that they create, it's not salesy, | :20:27. | :20:30. | |
it's not advertorial, it's thought leadership | :20:31. | :20:34. | |
that represents their company in the way | :20:35. | :20:36. | |
that they'd like consumer to see them, and as a result | :20:37. | :20:40. | |
is of great interest to our audience and drives traffic to Forbes.com | :20:41. | :20:44. | |
along with the content we do create, you know, in the old-fashioned way, | :20:45. | :20:47. | |
You also have to work with Hong Kong investment group that owns a portion | :20:48. | :20:53. | |
of Forbes, what has that been like? It's been... | :20:54. | :20:57. | |
It's new, it's just a year, we sold a majority stake in Forbes | :20:58. | :21:03. | |
Media to Integrated Whale Media, ut's a group of Hong Kong invesors | :21:04. | :21:09. | |
There are great opportunities for Forbes in Asia, and one of the | :21:10. | :21:14. | |
reasons that our new investors came on board, in addition to wanting to | :21:15. | :21:22. | |
continue to run the media company in an innovative way and ambitiously | :21:23. | :21:30. | |
and continue to grow it, they also see, and I agree, | :21:31. | :21:33. | |
that there are amazing opportunities from a branding standpoint | :21:34. | :21:35. | |
Products that are based on the image and the character and ethos | :21:36. | :21:41. | |
that is created by our media product, but that may be in the | :21:42. | :21:47. | |
travel area, the financial services area, the real estate area. | :21:48. | :21:50. | |
So when you mention travel there, is there an example you can give me | :21:51. | :21:55. | |
of what a Forbes branded travel experience might look like? | :21:56. | :21:59. | |
Well, we have a travel guide, Forbes Travel Guide, that rates hotels, a | :22:00. | :22:03. | |
five-star rating system, but I think beyond that we are looking at things | :22:04. | :22:07. | |
along the lines of investments in real hotel and conference properties | :22:08. | :22:13. | |
that may have the Forbes name, probably like everything we do, | :22:14. | :22:17. | |
with a strong dollop of business as an overlay. | :22:18. | :22:26. | |
Forbes branded business travel products. | :22:27. | :22:29. | |
So the Michelin Guide but for business travellers. | :22:30. | :22:32. | |
A bit more breaking news related to the events in Paris on Friday, news | :22:33. | :22:51. | |
on the AP newswire that authorities in Belgium have launched six raids | :22:52. | :22:57. | |
in Brussels. They say this is in the Brussels region, all linked to the | :22:58. | :23:02. | |
suicide bomber Bilal Hadfi. They say an bushel in the federal | :23:03. | :23:05. | |
prosecutor's offers say that is taking place in the Molenbeek area | :23:06. | :23:11. | |
of Brussels but other areas are included. Six more raids taking | :23:12. | :23:15. | |
place in Brussels. 24-hour is ago, the raids were ongoing in | :23:16. | :23:20. | |
Saint-Denis, a suburb of Paris, which was taking place this time | :23:21. | :23:23. | |
yesterday. Bilal Hadfi has been identified as one of three attackers | :23:24. | :23:28. | |
at the Stade de France stadium. The raids are centring on his | :23:29. | :23:33. | |
the AP newswire. We will update you the AP newswire. We will update you | :23:34. | :23:39. | |
when we get more information. We just want to take you through some | :23:40. | :23:44. | |
of the business pages, welcome back. We are hearing from Forbes, Mike | :23:45. | :24:00. | |
Perlis, this is the rich list, the hot 40 under 40, making us all feel | :24:01. | :24:03. | |
a little like failures in our careers! But nonetheless, the top | :24:04. | :24:09. | |
ten are worth $122 billion between them. A lot of money, and a lot of | :24:10. | :24:14. | |
very new companies, eight Facebook associates, three from air B, so | :24:15. | :24:22. | |
all the new companies that have really risen up so quickly, and what | :24:23. | :24:29. | |
is happening is that age is not a barrier to very real success, | :24:30. | :24:33. | |
certainly in monetary terms. It is happening for people a lot quicker | :24:34. | :24:38. | |
in the digital age than it did some generations ago. Just one on the | :24:39. | :24:46. | |
list is a woman, Elizabeth Holmes, who started a biotech company. Yes, | :24:47. | :24:53. | |
diagnostics. , worth $4 billion. Quite interesting, but it would be | :24:54. | :24:58. | |
nice to see more women on that list. One out of 40 is quite disappointing | :24:59. | :25:02. | |
as a hit rate, it should be something that is more | :25:03. | :25:06. | |
representative of our place in society. Indeed. Maybe it's big to | :25:07. | :25:11. | |
the entrepreneurial spirit, I'm not quite sure. -- maybe it speaks. | :25:12. | :25:19. | |
Speaking of diagnostics, big business in the United States, | :25:20. | :25:23. | |
health devices, this is a whole new take. | :25:24. | :25:26. | |
You get a higher interest rate on your savings account if you take | :25:27. | :25:32. | |
exercise. That is one way of getting people to do exercise. Depending on | :25:33. | :25:36. | |
the number of steps you are prepared to take, they will monitor your | :25:37. | :25:40. | |
activity rate and adjust the interest rate accordingly. I think | :25:41. | :25:44. | |
Big Brother is going to be watching us all, we will get something for | :25:45. | :25:49. | |
being more active in our lives. Thanks so much for coming in, | :25:50. | :25:50. | |
counting every step! Thank you for your company, we will | :25:51. | :25:58. | |
see you soon. Bye-bye. | :25:59. | :26:03. |