Browse content similar to 26/01/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from the BBC with Sally Bundock and Ben Thompson. | :00:00. | :00:12. | |
Iran's Hasan Rouhani signs billions of dollars worth of contracts | :00:13. | :00:15. | |
in Rome - just weeks after sanctions were lifted. | :00:16. | :00:19. | |
Live from London, that's our top story on Tuesday | :00:20. | :00:21. | |
Rome is just the start of Rouhani's state visit - | :00:22. | :00:41. | |
with European businesses eager to get in on the action - | :00:42. | :00:48. | |
with more deals due to be signed this week. | :00:49. | :00:52. | |
Steep losses on the markets in China and there are falls across Asia | :00:53. | :01:01. | |
as investors worry about the price of oil. | :01:02. | :01:11. | |
Look at the impact that is having in Europe. Heavy losses across the | :01:12. | :01:18. | |
board. We will talk you through the winners and losers. | :01:19. | :01:19. | |
And have you ever considered what goes into making | :01:20. | :01:21. | |
We'll get the inside track on the industry from a firm that | :01:22. | :01:25. | |
designs the hardware used in millions of mobile devices. | :01:26. | :01:27. | |
And as the boss of the Marriott hotel chain says top bosses | :01:28. | :01:30. | |
SHOULDN'T be applauded for getting by on little sleep. | :01:31. | :01:32. | |
He calls it a "misplaced show of toughness". | :01:33. | :01:34. | |
So we want to know - can you function on less | :01:35. | :01:38. | |
Iran's President, Hasan Rouhani is in Rome - and and has signed | :01:39. | :01:57. | |
billions of dollars worth of contracts - on his first official | :01:58. | :02:00. | |
It comes just weeks after sanctions were lifted following a deal | :02:01. | :02:09. | |
Italian officials say agreements worth $18 billion | :02:10. | :02:16. | |
They include an Italian firm building a 2,000 kilometre | :02:17. | :02:25. | |
pipeline, a steel agreement worth more than $5 billion | :02:26. | :02:28. | |
and a joint venture called Persian Metallics. | :02:29. | :02:29. | |
Later in the week in Paris - President Rouhani is expected | :02:30. | :02:32. | |
to finalise a deal with Airbus to buy 114 new planes - | :02:33. | :02:35. | |
Over the weekend, Iran signed a trade an energy pact with China | :02:36. | :02:41. | |
I am joined by Nicholas Niksadat, Correspondent for BBC Persian. | :02:42. | :02:54. | |
Welcome. The issue is this apparent gold rush. This rich by European | :02:55. | :03:09. | |
firms into Iran because it is a big untapped market, it has been closed | :03:10. | :03:13. | |
for so long. Where do we think the majority of deals will be signed in | :03:14. | :03:21. | |
the early days? I am sorry, I didn't catch that final part of your | :03:22. | :03:26. | |
question. Where will the deals be signed, in which industries, in the | :03:27. | :03:31. | |
early days? Where will the biggest deals be signed? Of course there is | :03:32. | :03:40. | |
a bit of everything. Only yesterday, 13 deals with different Italian | :03:41. | :03:43. | |
companies were signed. Some of them you just mentioned. Some will be | :03:44. | :03:47. | |
signing more deals, they are expected to sign more deals. For | :03:48. | :03:52. | |
example, the Italian mining giant signed a contract worth 5.7 billion | :03:53. | :03:58. | |
euros. More than $6 billion. They will be signing another contract | :03:59. | :04:06. | |
with another Iranians mining entity. There is an infrastructure. Rail as | :04:07. | :04:12. | |
you mentioned, high-speed rail lines. Modernising some of the | :04:13. | :04:20. | |
already existing rail lines. Ports. An Italian chip-making giant based | :04:21. | :04:25. | |
in Genoa, they signed another deal. The president made it clear they | :04:26. | :04:33. | |
want to give more privileged to the sectors such as export, shipping, | :04:34. | :04:41. | |
aviation, and Iran has a very ageing civilian aircraft fleet. That is | :04:42. | :04:44. | |
maybe something they will be discussing in Paris because of our | :04:45. | :04:50. | |
boss. Then again, we have other sectors. -- Airbus. A lot of sectors | :04:51. | :04:59. | |
recovered and today there will be a huge business forum where the | :05:00. | :05:02. | |
Iranians delegate, which is comprised of about 120 people, will | :05:03. | :05:06. | |
be meeting with about 500 Italian big industry directors or investors | :05:07. | :05:14. | |
to further explore possibilities. Briefly, the issue is about it being | :05:15. | :05:19. | |
a two way relationship. What's doing about the intentions of the | :05:20. | :05:23. | |
president when it comes to who he wants to work with. The Italians are | :05:24. | :05:27. | |
in focus, but what other indications do we have about whereas and who | :05:28. | :05:34. | |
else deals will be done with? There is a lot of competition. There are | :05:35. | :05:37. | |
many sectors where Italy and their neighbours France will be competing. | :05:38. | :05:46. | |
For example, oil and gas industry. Italy has been traditionally strong, | :05:47. | :05:51. | |
but it was made clear they do not want to limit themselves to this | :05:52. | :05:56. | |
area of cooperation with Iran. We have the Italian giant and Ben Total | :05:57. | :06:00. | |
in France. The automotive industry, where Italy can maybe be stronger in | :06:01. | :06:09. | |
luxury car, where as France has quite a substantial experience in | :06:10. | :06:12. | |
Iran already before the sanctions. Obviously, choosing Italy and France | :06:13. | :06:16. | |
has not been a coincidence. Iran has made it very clear that Italy has | :06:17. | :06:21. | |
had a positive attitude towards Iran. It helps Italy a lot that it | :06:22. | :06:25. | |
was not a member of the Security Council. Therefore, it was not that | :06:26. | :06:30. | |
hostile and couldn't be. Traditionally, Italy has been quite | :06:31. | :06:34. | |
mild toward a lot of middle eastern countries, including Iran. Perhaps | :06:35. | :06:41. | |
because of its needs. We can think about Germany, as well. At times | :06:42. | :06:45. | |
when Italy was not Iran's first European partner, Germany was the | :06:46. | :06:48. | |
first. Italy and Germany together accounted for 60% of the trade with | :06:49. | :06:54. | |
Iran. I would not leave Germany outside, either. Thank you very | :06:55. | :06:55. | |
much. Ford is shutting down | :06:56. | :07:01. | |
all its operations in The US car giant holds less than 2% | :07:02. | :07:03. | |
market share in both It began operations in Japan more | :07:04. | :07:07. | |
than four decades ago but has struggled to compete | :07:08. | :07:12. | |
against Japanese rivals. Instead, it will focus on China | :07:13. | :07:16. | |
where sales hit a record An official investigation into how | :07:17. | :07:34. | |
money appeared in the Malaysian Prime Minister's account has | :07:35. | :07:39. | |
concluded it was a gift. It has caused months of political scandal | :07:40. | :07:43. | |
in Malaysia, but the eternal general was satisfied there was no criminal | :07:44. | :07:47. | |
wrongdoing -- Attorney General. Rising passenger numbers in easyJet, | :07:48. | :08:04. | |
up by 8.1%, and capacity is growing. It is laying on more planes, but | :08:05. | :08:09. | |
there is still concern about its cost per seat. That is a crucial | :08:10. | :08:12. | |
indicator for the airline about how much it is costing them to fly | :08:13. | :08:16. | |
people. That is falling slightly, but EasyJet says it expects profits | :08:17. | :08:24. | |
to be fully in line. Sharm el Sheikh is a key destination. Paris is also | :08:25. | :08:31. | |
important. Shares opened down 3% today off the back of that is news. | :08:32. | :08:36. | |
Plenty of details that on an update from Dixons carphone. We will talk | :08:37. | :08:42. | |
about that later. That is the merger of the mobile phone retailer and the | :08:43. | :08:46. | |
PC maker. Both industries that are struggling, but they suggest that | :08:47. | :08:49. | |
they are turning things around despite closure of some stores. That | :08:50. | :08:54. | |
is to refocus our business. Not just to focus on phones or PCs. | :08:55. | :09:00. | |
There have been big falls again on the markets in Shanghai. | :09:01. | :09:02. | |
I feel like we have been here before. Why today? This is of course | :09:03. | :09:14. | |
all about sentiment. The markets are feeding off each other and in | :09:15. | :09:19. | |
particular of course feeding off the declining oil prices. That is what I | :09:20. | :09:23. | |
think started the market of lower. It was down about 2% at lunchtime. | :09:24. | :09:28. | |
The story of the afternoon has been one that we have seen before on the | :09:29. | :09:32. | |
Shanghai stock exchange. Too many times over the last six months or | :09:33. | :09:37. | |
so. That is the spectre of panic. Panic simply feeding into panic. Of | :09:38. | :09:45. | |
course what is going on, the markets, the oil price may have | :09:46. | :09:47. | |
started it, but it begins to have very little bearing when investors | :09:48. | :09:52. | |
simply want out. The real thing that is driving that kind of sentiment is | :09:53. | :09:57. | |
the wider concerns over the Chinese economy. The slowdown in group. The | :09:58. | :10:04. | |
manager in expected slowdown that the market had supposedly placing, | :10:05. | :10:08. | |
will it be faster and more prolonged than expected? We have had a few | :10:09. | :10:13. | |
indicators. Energy consumption, freight volumes, over the past few | :10:14. | :10:16. | |
weeks, that have led some to suggest that is what we are seeing. A more | :10:17. | :10:20. | |
prolonged and faster slowdown in growth. That is probably what is | :10:21. | :10:23. | |
spooking investors today. Thank you. Let's look at the markets. Japan | :10:24. | :10:32. | |
closing over 2%. Hong Kong down 2.5%. Wall Street never bodes well | :10:33. | :10:38. | |
for a session in Asia the morning after. Looking at the Europe now, | :10:39. | :10:49. | |
this all follows through. The oil price is falling. Brent crude down | :10:50. | :10:54. | |
nearly 3% below $30 per barrel. That doesn't help London. The Japanese | :10:55. | :10:59. | |
yen very much in favour and the gold price is going up, as well. What | :11:00. | :11:04. | |
will happen on Wall Street? Apple reports its earnings and share | :11:05. | :11:10. | |
price has taken a beating. Investors will be looking at the numbers to | :11:11. | :11:13. | |
decipher how quickly iPhone sales are slowing. The strong US dollar is | :11:14. | :11:21. | |
expected to crimp Proctor and Gamble sales. The company has been cutting | :11:22. | :11:26. | |
down the number of products it sells to try to concentrate on higher | :11:27. | :11:30. | |
margin brands. Also a drop in seat prices is partly to blame for | :11:31. | :11:41. | |
Dupont. An economic front, look out for the latest housing data and the | :11:42. | :11:46. | |
board 's consumer index which will show if Americans are feeling | :11:47. | :11:49. | |
rattled by the latest stock market fluctuations. | :11:50. | :11:50. | |
Joining us is Richard Dunbar, Investment Director | :11:51. | :11:52. | |
We are here again. It is like Groundhog Day. Markets in China are | :11:53. | :12:03. | |
falling, European markets opening like that. Why? Markets are still | :12:04. | :12:11. | |
focusing on the Chinese economy. The prospects for the US economy. And on | :12:12. | :12:15. | |
what the oil price, if anything, is telling us about what is going on in | :12:16. | :12:20. | |
the global economy. That is leading to rather skittish markets. Is its | :12:21. | :12:24. | |
telling us something? We have talked about this a lot and clearly it | :12:25. | :12:28. | |
tells us that story of slowing demand, particularly in China, but | :12:29. | :12:31. | |
there are just as is getting out of step. It is just fear that is making | :12:32. | :12:37. | |
the oil price fall significantly and concern rather than solid evidence. | :12:38. | :12:42. | |
We know that with markets anyway, but nonetheless, either two really | :12:43. | :12:46. | |
in line? You can pull textbooks off-the-shelf and they will tell you | :12:47. | :12:50. | |
that falling oil prices are positive for global growth. At the moment, | :12:51. | :12:55. | |
the negative side of the oil price, from Saudi Arabia, Brazil, Africa, | :12:56. | :12:58. | |
you see me to the problem that the falling oil price is causing. You | :12:59. | :13:02. | |
don't see the benefits. Millions of people around the world are paying a | :13:03. | :13:05. | |
lot less for their gasoline than they were six months ago. You are | :13:06. | :13:09. | |
perhaps interviewing fewer people who are seeing that benefit. | :13:10. | :13:13. | |
Hopefully the time we will see that country. Richard will be back very | :13:14. | :13:17. | |
soon to talk about some of the other stories out there. The Federal | :13:18. | :13:21. | |
reserve begins its two day meeting and deliberations. | :13:22. | :13:23. | |
Still to come: We take them for granted, but what goes | :13:24. | :13:26. | |
We'll get the inside track on the technology that | :13:27. | :13:29. | |
And why firms are battling it out control the power in your pocket. | :13:30. | :13:34. | |
You're with Business Live from BBC News. | :13:35. | :13:38. | |
Young people are now spending more time online | :13:39. | :13:40. | |
An annual survey tracking children's viewing habits found five | :13:41. | :13:45. | |
to 16-year-olds use the internet for around three hours a day - | :13:46. | :13:48. | |
The research agency Childwise described it as a "landmark change" | :13:49. | :13:57. | |
Our Technology Correspondent Rory Cellan-Jones has more. | :13:58. | :14:00. | |
In an age when tablets and smartphones give us instant | :14:01. | :14:02. | |
access to all kinds of viewing material, our media habits | :14:03. | :14:06. | |
But it is children who may be showing us what the future looks | :14:07. | :14:11. | |
The Childwise survey of 5- to 16-year-olds shows | :14:12. | :14:14. | |
they are watching an average of 2.1 hours of traditional TV a day. | :14:15. | :14:18. | |
But that has been overtaken by the three hours they spend online. | :14:19. | :14:23. | |
That may be because two thirds of them now own a tablet computer. | :14:24. | :14:27. | |
And YouTube is top of the list of their favourite websites. | :14:28. | :14:30. | |
Children are moving away from watching linear television. | :14:31. | :14:34. | |
They are watching television when they want to watch it, | :14:35. | :14:39. | |
where they want to watch it, so on tablets and on-demand services | :14:40. | :14:42. | |
But there is still a place for children to watch television | :14:43. | :14:48. | |
with their families, on the weekends, sort | :14:49. | :14:49. | |
In just a few years, children have got used to playing | :14:50. | :14:55. | |
We asked these young visitors to the London Toy Fair | :14:56. | :15:00. | |
When you're on your phone, you can text, and can get in contact | :15:01. | :15:05. | |
with your friends, and you can watch TV. | :15:06. | :15:08. | |
With the telly, you can't play games, and there's, | :15:09. | :15:13. | |
like, not a lot of options what you can do. | :15:14. | :15:18. | |
Children are still watching plenty of television. | :15:19. | :15:21. | |
But in the touchscreen era, they are demanding greater control | :15:22. | :15:23. | |
I want to take you to this story that's in The Telegraph. You will | :15:24. | :15:43. | |
know Slough doesn't have the best reputation for perhaps being a town | :15:44. | :15:47. | |
that you would want to go to or a city, but The Telegraph says it is | :15:48. | :15:52. | |
the UK's new start-up hub. It has been the king of new businesses for | :15:53. | :15:56. | |
the last five years, but Northampton is eyeing its crown. For start-ups, | :15:57. | :16:01. | |
for new business to be a place that attracts you, it is growing its | :16:02. | :16:06. | |
corporate presence by 29%. It is really close to Heathrow. Well, | :16:07. | :16:10. | |
that's one of the benefits, clearly. And it is very close to London as | :16:11. | :16:11. | |
well. Well, there you go. You're watching Business Live. | :16:12. | :16:18. | |
Our top story: Iran raes president is doing his | :16:19. | :16:30. | |
tour. He is in Rome and he is heading to Paris tomorrow. We're | :16:31. | :16:33. | |
keeping track of what he is up to and who is getting the big business | :16:34. | :16:38. | |
offers. The gold rush begins for European firms who are eyeing up | :16:39. | :16:43. | |
opportunities in Iran and what it could mean for them. We will keep | :16:44. | :16:44. | |
you posted as the deals are signed. We might take them for granted, | :16:45. | :16:49. | |
but what about the businesses who make a living from designing | :16:50. | :16:52. | |
and making the parts Imagination Technologies | :16:53. | :16:54. | |
is a UK-based firm which designs the hardware used inside billions | :16:55. | :17:00. | |
of mobiles devices for brands including Apple, Intel, | :17:01. | :17:02. | |
LG, Samsung and Sony. It has more than 1,700 staff - | :17:03. | :17:05. | |
80% of those are engineers. It doesn't make the hardware itself, | :17:06. | :17:08. | |
but instead licences Imagination is also known for it's | :17:09. | :17:10. | |
successful digital radio It has sold more than five million | :17:11. | :17:23. | |
units around the world. Sir Hossein Yassaie, | :17:24. | :17:28. | |
chief executive of Imagination Lovely to see you. Thank you for | :17:29. | :17:35. | |
coming in. We will talk about Pure in a minute because there is all | :17:36. | :17:40. | |
sorts of stories out there about its future. But let's just start with | :17:41. | :17:45. | |
your company and what you do because when we were chatting earlier, I | :17:46. | :17:48. | |
thought it was very interesting how you talked about why you decided to | :17:49. | :17:53. | |
licence, as opposed to make the chips. It was a strategic choice | :17:54. | :17:58. | |
sometime ago, wasn't it? It was 15 or 20 years ago and being in the UK, | :17:59. | :18:04. | |
it was quite clear to me that the revolution will come from silicon | :18:05. | :18:07. | |
and being a chip maker required a massive capital. The question is how | :18:08. | :18:12. | |
do you achieve the same thing and the influence and then the licensing | :18:13. | :18:16. | |
is a better model and very suited to the UK as you can see our friends in | :18:17. | :18:20. | |
Cambridge do a similar thing. It works for both of us. It was a | :18:21. | :18:27. | |
really great idea at the time? Unusual because, you know, licensing | :18:28. | :18:31. | |
technology wasn't really a normal thing 20, or 15 years ago, but it is | :18:32. | :18:36. | |
now, for us, being able to use the know how and the capability here | :18:37. | :18:39. | |
without requiring massive capital was the basis of starting this path. | :18:40. | :18:45. | |
On that issue of know how and knowledge, we talk there about 80% | :18:46. | :18:48. | |
of your staff are qualified engineers and we have made a lot of | :18:49. | :18:54. | |
this skills shortage of people not necessarily having the right skills | :18:55. | :18:57. | |
or the right jobs. How do you find the market? Can you get the people | :18:58. | :19:03. | |
to do the hi-tech jobs? The skill is a megaissue. The way we've worked | :19:04. | :19:07. | |
around it, we are working closely with the universities at the very | :19:08. | :19:11. | |
early stage. We go to schools and try to encourage young people to | :19:12. | :19:15. | |
pick up the electronics as a subject and through that, we get what we | :19:16. | :19:18. | |
need, it is a very difficult subjectment we also are a global | :19:19. | :19:22. | |
company. If you can't get what we need in the UK, we have gone to | :19:23. | :19:26. | |
Poland and other places. I prefer to be based in the UK because having | :19:27. | :19:30. | |
engineers in one place is much more effective, but we've done a | :19:31. | :19:33. | |
combination of UK and overseas through that. We are talking about | :19:34. | :19:38. | |
obviously smart devices, smartphones, etcetera, we have all | :19:39. | :19:42. | |
got them and everyone is using multiple devices, it would seem, for | :19:43. | :19:45. | |
you, it is a gift, but the internet of things is an area that you're | :19:46. | :19:49. | |
moving into a significant way which is seen as the next big thing, isn't | :19:50. | :19:53. | |
it? Of course. I think really if you look at the mobile phone, the focus | :19:54. | :20:00. | |
on them has been, you know, communication, internet access, | :20:01. | :20:02. | |
etcetera, but with the technology it is now possible to take the | :20:03. | :20:06. | |
technology to other major areas such as healthcare, we have seen wearable | :20:07. | :20:12. | |
devices, etcetera, we've prepared technologies that will drive the | :20:13. | :20:16. | |
deployment of advanced solutions in healthcare and in energy management, | :20:17. | :20:21. | |
etcetera. And it is very much moving away from not just the thing you've | :20:22. | :20:25. | |
got in your pocket. This is to do with the internet of things. It is | :20:26. | :20:29. | |
about these devices that are connected to the internet and it | :20:30. | :20:33. | |
means that so much of what we do now, will be controllable or | :20:34. | :20:37. | |
governed by by the internet? Everyone talks about it, but when | :20:38. | :20:41. | |
you ask people what it is, 90% of people can't tell you what it is. So | :20:42. | :20:48. | |
what we've done here. We have a collection of technologies. This is | :20:49. | :20:51. | |
really different sensors, a temperature sensor, this is a | :20:52. | :20:55. | |
switch, this is, you know, a different kind of sensor, so you can | :20:56. | :21:00. | |
build modules like this and district them around the home and this is a | :21:01. | :21:03. | |
central hub that can control the system and you can begin to do all | :21:04. | :21:08. | |
the normal things that you expect in either healthcare or energy | :21:09. | :21:11. | |
management, etcetera. The phone would still be a major element. It | :21:12. | :21:16. | |
will still be controlling a loft these devices, etcetera, but we see | :21:17. | :21:21. | |
this as a big megatrend coming up. We have been told we have got to | :21:22. | :21:25. | |
leave it there which a shame. Not least the fact that you're from Iran | :21:26. | :21:28. | |
which is extremely interesting, but I will get into big trouble if I ask | :21:29. | :21:31. | |
you another question. So we will move on. No problem. Thank you for | :21:32. | :21:37. | |
coming in. We really appreciate it. We have been asking for your tweets. | :21:38. | :21:43. | |
The head of Marriott Hotels has been talking about the perceived wisdom | :21:44. | :21:47. | |
of people who say, "I survive on three or four hours a night of | :21:48. | :21:54. | |
sleep." We have had a tweet saying, "For over seven years, I have only | :21:55. | :21:58. | |
had four to five hours sleep, but still manage to function better than | :21:59. | :22:02. | |
other people." Other people may disagree with you. That's what I | :22:03. | :22:08. | |
get, four to five hours sleep. Another viewer says, "I can function | :22:09. | :22:14. | |
on three hours. Do that for a couple of days, it depends on the events | :22:15. | :22:19. | |
and how busy I am." How many hours sleep a night do you get? Normally | :22:20. | :22:26. | |
four or five. Go on, but... If I do three or four hours for five days, I | :22:27. | :22:31. | |
need an eight hours to recover from it. Power through the week and have | :22:32. | :22:37. | |
a binge on sleep. You must do, the power sleep which is a 20 minute | :22:38. | :22:42. | |
sleep now and then. I learned that from the Japanese. You and I should | :22:43. | :22:46. | |
write a book. It would be a best seller! | :22:47. | :22:50. | |
Philips, the Dutch maker of LED lights and medical scanners, | :22:51. | :22:53. | |
has reported core fourth quarter earnings ahead of expectations, | :22:54. | :22:55. | |
but the company issued a cautious outlook for 2016. | :22:56. | :22:57. | |
Earlier, the company's chief executive Frans van Houten explained | :22:58. | :22:59. | |
Let's look at the year. We ended well. We saw 15% order intake growth | :23:00. | :23:15. | |
in healthcare overall 4% growth in health technology. Led lighting grew | :23:16. | :23:22. | |
26%. I think that's a rewarding number and our operational | :23:23. | :23:27. | |
profitability ended at 11.9% which was a 13% improvement. So we do see | :23:28. | :23:33. | |
that Phillips is gaining traction, the accelerate programme is working | :23:34. | :23:39. | |
well and then as you mentioned, we had a setback on luminar which was | :23:40. | :23:45. | |
disappointing after we thought back in April we constructed a good | :23:46. | :23:56. | |
transaction. Let's look at what the business | :23:57. | :24:01. | |
pages have. Richard is back. South China Morning Post. People living | :24:02. | :24:05. | |
around the world always think their city is the most expensive. Hong | :24:06. | :24:10. | |
Kong is the most expensive market in the world for the sixth year in a | :24:11. | :24:16. | |
row? Hong Kong is 20 times average earnings. This snap was taken in | :24:17. | :24:20. | |
September. So with what we have seen going on in China, in commodity | :24:21. | :24:24. | |
prices in the global economy, I suspect this maybe a peak in Hong | :24:25. | :24:27. | |
Kong, but nevertheless, it is a dynamic, exciting economy and that, | :24:28. | :24:31. | |
those house prices would reflect that. I thought Singapore might pip | :24:32. | :24:36. | |
it to the post, but clearly, Hong Kong, holding that title and it is | :24:37. | :24:39. | |
not necessarily a good title to have, is it? Well, it's not. 19 | :24:40. | :24:46. | |
times earnings? It is 19 times the average residents erchtion. | :24:47. | :24:55. | |
Residents earnings. Let's get your take on this, the boss of Marriott | :24:56. | :25:01. | |
Hotels saying you have got to have at least seven-and-a-half hours | :25:02. | :25:04. | |
sleep a night. He is proud of that and he thinks those who boast they | :25:05. | :25:10. | |
have less, they are not really being honest? It is really a badge of | :25:11. | :25:16. | |
honour. Margaret Thatcher had four hours a night. It is seen as a badge | :25:17. | :25:20. | |
of honour and it is interesting there is some push back from one of | :25:21. | :25:24. | |
the senior executives. It is a hotel executive so she is keen that people | :25:25. | :25:28. | |
use her product to increase their amount of sleep! | :25:29. | :25:32. | |
It is that move about work-life balance, getting better balance when | :25:33. | :25:36. | |
it comes to what we do at work and what we do at home and the paternity | :25:37. | :25:40. | |
leave and maternity leave. Business should not be cut and dry, it is | :25:41. | :25:44. | |
about having a balance and that makes you a better person or a | :25:45. | :25:48. | |
better business leader. You can see that in the high time industries | :25:49. | :25:52. | |
that we are trying to make it more attractive to bring people in. | :25:53. | :25:55. | |
Richard, nice tows. That's it from us. We will see you very soon, same | :25:56. | :26:00. | |
place, same time tomorrow. Thank you for your company. Bye-bye. | :26:01. | :26:07. | |
Good morning. Remember the record snow that was across the United | :26:08. | :26:14. | |
States over the weekend? That same weather system has been charging | :26:15. | :26:17. | |
across the Atlantic. It is this area of cloud here and it is showing its | :26:18. | :26:21. | |
hand in the UK. But it has | :26:22. | :26:22. |