Browse content similar to 23/03/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Victoria Fritz | :00:00. | :00:00. | |
Belgium observes three days of mourning | :00:07. | :00:11. | |
We look at moves to make Europe's cities safer. | :00:12. | :00:15. | |
Live from London, that's our top story on Wednesday 23rd of March. | :00:16. | :00:33. | |
Security in the spotlight - as Brussels steps up | :00:34. | :00:35. | |
its counter-terrorism efforts we find out what are the technical | :00:36. | :00:38. | |
challenges and economic impact of keeping Europe's cities safe. | :00:39. | :00:45. | |
Also in the programme: Bangladesh's central bank hires a US lawyer as it | :00:46. | :00:50. | |
considers a lawsuit against New York Federal Reserve Bank. | :00:51. | :00:53. | |
This comes after hackers stole $81 million from its account. | :00:54. | :00:57. | |
And we are 30 minutes into the European trading day - | :00:58. | :01:03. | |
it's a mixed picture, but are the travel and tourism | :01:04. | :01:06. | |
And how do you translate your passion into a viable business? | :01:07. | :01:15. | |
We'll be talking to Thomasina Miers - the founder of | :01:16. | :01:17. | |
Have you done it? Today, we want to know if you have turned a burning of | :01:18. | :01:29. | |
session into a thriving enterprise. Brussels is coming to terms | :01:30. | :01:37. | |
with Tuesday's fatal attacks at the city's airport and a metro | :01:38. | :01:43. | |
station These came despite countries | :01:44. | :01:45. | |
increasing their counter-terrorism efforts following the Paris | :01:46. | :01:51. | |
attacks last year. At the time, Belgium pledged nearly | :01:52. | :01:55. | |
$450 million of additional spending - aimed at improving intelligence | :01:56. | :01:59. | |
and combating radicalisation. France too, increased funding, | :02:00. | :02:06. | |
raising police numbers It says it has stopped 10,000 people | :02:07. | :02:09. | |
from entering France Here in the UK the government | :02:10. | :02:15. | |
is adding almost 2,000 But are these efforts making | :02:16. | :02:21. | |
European cities any safer? With us in the studio | :02:22. | :02:30. | |
is Edward Marsh. He's the Director for Aerospace, | :02:31. | :02:32. | |
Defence Security I suppose that is the question. All | :02:33. | :02:45. | |
of those measures we heard, the extra spending, is it working? Yes, | :02:46. | :02:52. | |
unfortunately we saw another bad day in Europe yesterday. You are right | :02:53. | :02:55. | |
to highlight the 450 million which has been allocated by the government | :02:56. | :03:02. | |
in Brussels. We know there are 300,000 surveillance cameras within | :03:03. | :03:07. | |
the country, and indeed, the Prime Minister there has highlighted there | :03:08. | :03:10. | |
is a distinct lack of manpower within the police. Funding has been | :03:11. | :03:18. | |
seen across the European Union. We have seen a rise in the number of | :03:19. | :03:22. | |
staff in the security services. 1.9 billion additional funding has come | :03:23. | :03:30. | |
for specialist equipment, probably with an eye on counterterrorism | :03:31. | :03:39. | |
operations. In France we have seen an increase in policing so there is | :03:40. | :03:43. | |
a lot going on. All of this is welcome and it will help in the | :03:44. | :03:49. | |
fight. We are hearing comments from security chiefs that they hear that | :03:50. | :03:54. | |
resources are overstretched, despite the increase in funding and boots on | :03:55. | :03:58. | |
the ground. Where else should we be spending the money if it is not on | :03:59. | :04:04. | |
the measures which are already in place? It is an interesting question | :04:05. | :04:07. | |
which will be discussed in the coming days, weeks and months. We | :04:08. | :04:13. | |
are seeing increased expenditure on the ground and the intelligence | :04:14. | :04:17. | |
services which gives a lot of confidence to the population, what | :04:18. | :04:20. | |
we are not seeing potentially is a balance of spending. We need to see | :04:21. | :04:25. | |
spending on things like technology. Yesterday we know that the two bombs | :04:26. | :04:30. | |
that went off in the airport were technically into public areas which | :04:31. | :04:35. | |
we could have walked into ourselves in the morning. So, a solution for | :04:36. | :04:40. | |
technology in the airports needs to be found potentially, but above all | :04:41. | :04:45. | |
of that, cooperation between intelligence services. That really | :04:46. | :04:50. | |
needs to be formulated. That gets to the heart of it. This was not an | :04:51. | :04:55. | |
attack or an assault on Brussels, it is an attack on European values. | :04:56. | :05:00. | |
They are very much in focus at the moment. We are seeing more | :05:01. | :05:05. | |
polarisation across western Europe? Yes, it is a very hard topic at the | :05:06. | :05:09. | |
moment and there is a lot going on financially with the migrant crisis | :05:10. | :05:14. | |
etc. Security is one area where we can come together pretty easily on. | :05:15. | :05:19. | |
We are seeing the intent from security services. We heard rhetoric | :05:20. | :05:24. | |
from President Hollande and David Cameron yesterday, to move towards a | :05:25. | :05:28. | |
united front on security because this was essentially an attack on | :05:29. | :05:33. | |
all of Europe. Edward Marsh, we will leave it there. Thank you. | :05:34. | :05:39. | |
Lots more on that story online, of course. In other news... | :05:40. | :05:44. | |
Credits Wiese is starting a cost-cutting programme eliminating | :05:45. | :05:53. | |
2000 jobs. The bank says it is doing so to get a challenge market | :05:54. | :05:55. | |
conditions. -- Credit Suisse. Bangladesh's central bank | :05:56. | :05:59. | |
is considering filing a lawsuit against the Federal Reserve Bank | :06:00. | :06:01. | |
in New York - after cyber hackers The Bangladesh Bank has hired a US | :06:02. | :06:04. | |
lawyer, In February, hackers succeeded | :06:05. | :06:12. | |
in instructing the New York Fed to transfer money from | :06:13. | :06:18. | |
the Bangladesh Central Bank's account to accounts | :06:19. | :06:21. | |
in The Philippines. Australia is to set up a massive | :06:22. | :06:24. | |
clean-energy innovation fund to counter its status as one | :06:25. | :06:27. | |
of the world's largest The plan announced by | :06:28. | :06:29. | |
the Prime Minister Malcolm Turnbull will cost over 760 | :06:30. | :06:35. | |
million US dollars. The aim is to ultimately reduce | :06:36. | :06:37. | |
Australia's carbon emissions to zero, an immense task given | :06:38. | :06:41. | |
the country's reliance Let's have a look at some of the | :06:42. | :07:00. | |
stories on the tablet. This one comes from William Hill, one of the | :07:01. | :07:05. | |
big bookmakers. They have been warning about weaker than expected | :07:06. | :07:09. | |
performance. We are seeing this right across the sector. They have | :07:10. | :07:16. | |
been hit by changes to taxation in gambling and they are expecting | :07:17. | :07:19. | |
weaker profits from online performance as well. We are seeing, | :07:20. | :07:23. | |
in the first few minutes of trade, some of the big players like Paddy | :07:24. | :07:31. | |
Power, are seeing the shares fall. Just to look through, there are | :07:32. | :07:37. | |
loads of stories. I am whizzing through the Business Live page | :07:38. | :07:41. | |
myself. There are lots of companies with stories, certainly in the UK. | :07:42. | :07:46. | |
Do take a look if you have time. Now let's move on to the markets in | :07:47. | :07:50. | |
Asia. So how have financial | :07:51. | :07:51. | |
markets in Asia responded Mariko Oi is looking at this | :07:52. | :07:53. | |
in our Asia A fairly muted response, we | :07:54. | :08:11. | |
understand Kers that is right, Victoria. The markets were all | :08:12. | :08:17. | |
trading lower, but not by much, just by 1%. Analysts have told the BBC | :08:18. | :08:22. | |
that the attacks in Brussels may have made investors less willing to | :08:23. | :08:27. | |
take a risk, but at the same time, unfortunately, they are getting | :08:28. | :08:31. | |
somewhat used to these tragic incidents, because they have been | :08:32. | :08:35. | |
occurring rather frequently. One stock in the spotlight, especially | :08:36. | :08:45. | |
in Australia that I want to mention, a petroleum company which is down. | :08:46. | :08:53. | |
The company cited global oversupply which pushed down the prices as a | :08:54. | :09:01. | |
reason for the decision. Thank you, good to see you. | :09:02. | :09:07. | |
Let's show you some numbers now will stop as she mentioned, a fairly | :09:08. | :09:13. | |
flat, muted day in Asia. Let's look at Europe now. Europe is still | :09:14. | :09:18. | |
digestive and the events over the last 48 hours. When we looked at | :09:19. | :09:24. | |
them a moment ago they all headed higher. There we go, as if by magic! | :09:25. | :09:35. | |
It seems as if the markets are shaking off what happened in | :09:36. | :09:42. | |
Brussels. Some are arguing that the reaction has not been as significant | :09:43. | :09:47. | |
this time. We will be discussing the reasons why later. The oil price is | :09:48. | :09:52. | |
slightly lower. Keep an eye on currencies today. The pound could be | :09:53. | :09:57. | |
on the move. Boris Johnson will be speaking later. He is heading up the | :09:58. | :10:02. | |
out of Europe campaign for the referendum. Victoria. | :10:03. | :10:04. | |
He's the CEO of Nutmeg Investment Management. | :10:05. | :10:17. | |
Good morning to you. We all thought that travel stocks would be hit | :10:18. | :10:24. | |
hardest after what happened in Europe. But you were saying some | :10:25. | :10:29. | |
quite interesting things about what is going on with US travel stocks, | :10:30. | :10:35. | |
perhaps linked to what is happening in Brussels? It is an instinctive | :10:36. | :10:42. | |
reaction that British stocks, including airline and cruise stocks, | :10:43. | :10:47. | |
will fall after terrorist attacks, but actually, if you think about | :10:48. | :10:51. | |
where those countries send people, quite often it is outside of Europe. | :10:52. | :10:57. | |
In the US, a lot of travellers are thinking only about Europe, and they | :10:58. | :11:01. | |
think about Europe as a collective. The whole of Europe gets taken off | :11:02. | :11:08. | |
the travel menu. So we saw stocks in US companies and airlines fall more | :11:09. | :11:10. | |
than we did for the UK and European ones. That is certainly the case in | :11:11. | :11:14. | |
December of last year, following what happened in Brussels in | :11:15. | :11:21. | |
December. London saw a big falloff in American visitors, with the major | :11:22. | :11:28. | |
sites. We have read that Thomas Cook are anticipating that bookings will | :11:29. | :11:32. | |
be about 2% down. That is important in terms of profits but it should be | :11:33. | :11:36. | |
recoverable. So much depends on what the weather will be like in the | :11:37. | :11:40. | |
summer and whether people will want to stay in the country or take | :11:41. | :11:45. | |
holidays abroad as well. For the financial markets, it is quite a | :11:46. | :11:50. | |
funny week. We are coming up to the Easter break. Many markets will be | :11:51. | :11:54. | |
closed for the long weekend. People will not want to have big positions | :11:55. | :11:59. | |
the side of the Easter weekend. The interesting thing you mentioned is | :12:00. | :12:02. | |
about the currencies. We look at almost every country, you can have a | :12:03. | :12:07. | |
story about why the currency will weaken. You can have UK politics, | :12:08. | :12:13. | |
the Brexit, Brussels and the action their central bank is taking, but | :12:14. | :12:18. | |
almost everyone is on a path to weakening so it evens itself out | :12:19. | :12:22. | |
which will probably reduce the volatility as we go into Easter and | :12:23. | :12:25. | |
I expect stocks will continue to float based on the momentum of the | :12:26. | :12:30. | |
last couple of weeks, probably gently upwards. Nick, we will leave | :12:31. | :12:34. | |
it there, I know you're coming back to run through the paper stories | :12:35. | :12:36. | |
later. Still to come: How do you turn | :12:37. | :12:41. | |
a personal passion into a business? We'll be hearing from the founder | :12:42. | :12:44. | |
of the Mexican restaurant group You're with Business | :12:45. | :12:46. | |
Live from BBC News. It is crunch-time for one | :12:47. | :12:50. | |
of the UK's best-known High Street Its creditors will vote today | :12:51. | :12:52. | |
on a deal it desperately needs to cut the rent bill | :12:53. | :13:01. | |
for its 164 stores. Ben Thompson is across | :13:02. | :13:04. | |
this for us in Salford. Good morning to you. Morning, girls! | :13:05. | :13:19. | |
It has been on our high streets 88 years, but it has been loss-making | :13:20. | :13:24. | |
for the last eight. This is a crucial day in its history? I don't | :13:25. | :13:31. | |
think we can underline quite how important today is for the future of | :13:32. | :13:36. | |
DHS. It has been struggling of late. All sorts of profit warnings and | :13:37. | :13:43. | |
heavy losses. -- BHS. It was sold for a pound recently to try and sort | :13:44. | :13:47. | |
out some of the debts. It is sitting down with the creditors and the | :13:48. | :13:52. | |
landlords which owned the property is where the stores operate, to try | :13:53. | :13:55. | |
and negotiate a reduction in rent. It says it needs to do that to bring | :13:56. | :14:01. | |
down the costs. How did it get into this position? It was one of the | :14:02. | :14:06. | |
best loved names on the high street. What went wrong? We have been | :14:07. | :14:10. | |
speaking to some people with fond memories of what BHS used to be | :14:11. | :14:13. | |
like. It has been around for awhile and | :14:14. | :14:21. | |
the quality is good so we use it. It has an image of being for the | :14:22. | :14:25. | |
elderly. I know I have grey hair! It has that image. It was a place I | :14:26. | :14:29. | |
used to shop as a child. I remember going with my mum. I think it is | :14:30. | :14:39. | |
quite dated. They have evidence in there and do clothes to fit my age | :14:40. | :14:43. | |
group and my size. It is about the only shop left in London, they are | :14:44. | :14:49. | |
all closing. We should point out that they are | :14:50. | :14:55. | |
still open despite what you heard there, but they are struggling. The | :14:56. | :15:02. | |
voluntary arrangement they came to is interesting. It is a similar | :15:03. | :15:07. | |
arrangement with the Budget hotel chain Travelodge. They racked up | :15:08. | :15:11. | |
debts, entered into this agreement and things are going well. Their | :15:12. | :15:16. | |
figures are up 15% since it had a similar arrangement. It will be | :15:17. | :15:20. | |
worth watching what happens today. The meeting starts at around | :15:21. | :15:24. | |
10:30am. We will expect news about whether they have reached a deal by | :15:25. | :15:28. | |
about one o'clock today. Our top story: Belgium begins three | :15:29. | :15:30. | |
days of mourning after Tuesday's Police are hunting for a third man | :15:31. | :15:34. | |
in connection with the explosions Plenty more on the website. At the | :15:35. | :15:51. | |
top of every news hour we are live in Brussels. | :15:52. | :15:53. | |
Building a business around one of your passions is often described | :15:54. | :15:56. | |
as a key ingredient in creating a successful company. | :15:57. | :15:58. | |
And that's exactly what our next guest has done. | :15:59. | :16:00. | |
Thomasina Miers is the co-founder of the Mexican restaurant chain | :16:01. | :16:03. | |
She visited Mexico when she was 18 and liked the country and food | :16:04. | :16:07. | |
so much she decided to go back to live there. | :16:08. | :16:10. | |
After returning to London her love of the culinary arts helped her win | :16:11. | :16:13. | |
the reality TV show Master Chef in 2005. | :16:14. | :16:18. | |
Buoyed by that success, she opened her first restaurant | :16:19. | :16:24. | |
Almost a decade later, there are now 21 outlets | :16:25. | :16:29. | |
around the UK with the company eyeing up further expansion. | :16:30. | :16:32. | |
Welcome. Thank you. You have got to tell us what did you learn first at | :16:33. | :16:42. | |
MasterChef? It must have been a huge moment in your life back in 2005 | :16:43. | :16:46. | |
that meant you took it on and decided to open a restaurant two | :16:47. | :16:50. | |
years later? It was a very good experience in terms of just | :16:51. | :16:53. | |
swallowing when you were terrified and you know keep calm and carry on, | :16:54. | :16:57. | |
I think, that was the biggest thing I learned. Swallow your fear and | :16:58. | :17:02. | |
just keep going. And you won. It worked. Yes. Well, I think, I had so | :17:03. | :17:09. | |
much passion and belief in what I was doing and I think as long as you | :17:10. | :17:12. | |
are staying true to yourself and your vision, it works in everything, | :17:13. | :17:15. | |
but it follows through in food as well and I think that's what Greg | :17:16. | :17:19. | |
and John really saw in my cooking, a total belief in what I was doing. | :17:20. | :17:23. | |
You are the first restaurant group to be certified as a carbon neutral | :17:24. | :17:27. | |
company recently as well. Why does that make financial sense for your | :17:28. | :17:33. | |
business? Well, I think from the first very days we set-up Wahaca, we | :17:34. | :17:37. | |
were recycling food waste and leading the way in terms of | :17:38. | :17:41. | |
everything we were doing in terms of an environmental scale. We always | :17:42. | :17:46. | |
believed that you could set-up a successful business and we had an | :17:47. | :17:50. | |
environmental aspect as part of it and really that idea that you can | :17:51. | :17:54. | |
create a successful business and weave that in was very important to | :17:55. | :17:58. | |
us and I still feel it is possible for all businesses. You have woven | :17:59. | :18:01. | |
in all elements. There is that element, but there is what you do | :18:02. | :18:06. | |
with your food waste. You have set-up an organisation called Pig? | :18:07. | :18:11. | |
The Pig Idea. It is campaigning for a very verse on the illegal feeding | :18:12. | :18:16. | |
of food waste to pigs, yes. You have got that, you have done cookery | :18:17. | :18:19. | |
books where the money goes to the homeless. You are involved in so | :18:20. | :18:23. | |
many different aspects. It is about you and your passions and this | :18:24. | :18:27. | |
restaurant, the books and everything else is kind of just enabling that? | :18:28. | :18:32. | |
Well, food is really a central theme to everything. It really affects our | :18:33. | :18:37. | |
mental health, our physical health, the growth of it, is the biggest | :18:38. | :18:41. | |
consumption of energy and water worldwide. So how we grow it, and | :18:42. | :18:44. | |
how we transport it and how we feed it to our children and how we | :18:45. | :18:49. | |
educate our children to eat, weaves every aspect of life, politically | :18:50. | :18:53. | |
through health. So for me, it is a really fascinating subject and I | :18:54. | :18:57. | |
think all chefs and restaurateurs, you know, there is so much weaved | :18:58. | :19:00. | |
into it and I think education is very important too. That children | :19:01. | :19:04. | |
learn about food and where it comes from, not just in terms of mental | :19:05. | :19:08. | |
and physical health, but in terms of how it affects every landscape. OK, | :19:09. | :19:12. | |
so you have a fair number, I think it is fair to say of social projects | :19:13. | :19:17. | |
going on as a result of Wahaca. But that is not easy to do. It is not | :19:18. | :19:22. | |
easy to follow your passions and promote all these different aspects | :19:23. | :19:26. | |
of your life and under the table we can see you are pregnant, heavily | :19:27. | :19:29. | |
pregnant. It is an awful lot for you to be doing at this moment. I mean, | :19:30. | :19:33. | |
how are you managing all of this? Well, I think for me food is my | :19:34. | :19:39. | |
passion so I live and breathe it. I cook with my children, I grow | :19:40. | :19:44. | |
vegetables in my back garden. We are building an edible open air | :19:45. | :19:47. | |
classroom in our local primary school which is really promoting | :19:48. | :19:52. | |
green spaces for creative education, very important secretivity in | :19:53. | :19:55. | |
education because Britain and business is linked with creativity | :19:56. | :19:59. | |
and that's very important for the Government to take on and it is my | :20:00. | :20:03. | |
passion. People at Wahaca feel that. When they come into our restaurants, | :20:04. | :20:10. | |
they feel the buzz, we are into street art and we put on festivals | :20:11. | :20:15. | |
at Wahaca. I'm thinking of Jamie Oliver, he is very similar in his | :20:16. | :20:20. | |
way of trying to change the way we are and how we think about also the | :20:21. | :20:26. | |
impact it has on children. I know, you know him, don't you and you work | :20:27. | :20:30. | |
with him on some projects as well. It seems that chefs are pioneering | :20:31. | :20:34. | |
in this area and even in the UK Budget we have seen an impact of | :20:35. | :20:38. | |
that and school dinners in the UK are different because of what people | :20:39. | :20:41. | |
like Jamie Oliver and people like you are doing and how important is | :20:42. | :20:44. | |
that, that corporate social responsibility do you think for | :20:45. | :20:47. | |
people who run businesses? Well, I think it is really hugely important | :20:48. | :20:50. | |
because if you have any influence and you can change the world for a | :20:51. | :21:00. | |
better place, it is amazing and I think now adays food has an | :21:01. | :21:06. | |
influence. If we can have any influence and the millennias who are | :21:07. | :21:10. | |
eating with their pockets, that's great. Neither you or Jamie Oliver | :21:11. | :21:17. | |
have been able to be immune to the furore that's going on around pay | :21:18. | :21:21. | |
and staff tips. I know you have a fund in which the tips are | :21:22. | :21:24. | |
distributed across all staff. Why do you think that works for you? There | :21:25. | :21:30. | |
is not as much incentive for a waiter to give good service if he | :21:31. | :21:35. | |
thinks part of his tips are going to the person washing the dishes? | :21:36. | :21:42. | |
Everyone from the dishwasher to the general manager affects your | :21:43. | :21:49. | |
experience. We have five people who came in as -- five head chefs that | :21:50. | :21:54. | |
came in as dishwashers. All our tips are pooled and go to all our staff, | :21:55. | :21:57. | |
but they are shared out evenly because the waiter is just part of | :21:58. | :22:00. | |
that experience and we feel that very strongly. We are going to have | :22:01. | :22:04. | |
to leave it there. We could talk for hours. All the very best with your | :22:05. | :22:09. | |
latest project, baby number three on its way! Thank you very much. | :22:10. | :22:15. | |
In a moment, we will look through some of the stories in the business | :22:16. | :22:19. | |
press. Here is a reminder how you can keep in touch with us. The | :22:20. | :22:25. | |
Business Live page is where you can keep ahead with the latest business | :22:26. | :22:29. | |
news. There is insight and analysis from the boob's team of editors | :22:30. | :22:32. | |
around the world. And we want to hear from you too. Get involved on | :22:33. | :22:39. | |
the BBC Business Live web page. On Twitter: | :22:40. | :22:45. | |
And you can find us on Facebook: Business Live on TV and online | :22:46. | :22:48. | |
wherever you need to know. Nick Hungerford, CEO | :22:49. | :22:59. | |
of Nutmeg Investment Management. This is a war of words between OPEC | :23:00. | :23:07. | |
members and other oil producing nations. Who is going to blink first | :23:08. | :23:12. | |
and will any agree to a production freeze when they meet in Doha in | :23:13. | :23:17. | |
April? Even yesterday we saw the oil price go down because America | :23:18. | :23:20. | |
announced that supply had increased over there and they are not a member | :23:21. | :23:25. | |
of OPEC. It really does depend on who, you know, who is going to keep | :23:26. | :23:30. | |
the strongest position for longest and we are increasingly aware that | :23:31. | :23:34. | |
Russia is leading the charge for some sort of supply limit. But | :23:35. | :23:39. | |
Venezuela is crucial to this because we were talking about this earlier | :23:40. | :23:43. | |
in the green room, they don't have really much leeway at all and Brazil | :23:44. | :23:47. | |
their neighbour in recession, they really need a deal to be done and | :23:48. | :23:51. | |
production cuts? They are possibly the country under the most stress | :23:52. | :23:55. | |
because 90% of their revenue comes from oil. They are very close as a | :23:56. | :24:00. | |
country to be going bankrupt and to actually not being able to pay off | :24:01. | :24:04. | |
their debts. So if a solution isn't found for countries like Venezuela | :24:05. | :24:08. | |
and of course, you can also include Libya and Nigeria in that bracket as | :24:09. | :24:11. | |
well, then things are going to get very tight. This is a story that has | :24:12. | :24:16. | |
to come to a conclusion soon. All right. We will tell you as and | :24:17. | :24:21. | |
when it does. The Wall Street Journal talks about McDonald's? | :24:22. | :24:31. | |
McDonald's in India. I hadn't heard of the mac there, but it is having | :24:32. | :24:35. | |
to be changed? We have seen all this trend happen in China with fast-food | :24:36. | :24:39. | |
stores becoming very popular and not becoming popular. The big company | :24:40. | :24:47. | |
Yum Brands who control pizza Hut and KFC, they have had to split their | :24:48. | :24:53. | |
operations in order to make sure that company does the right thing | :24:54. | :25:00. | |
for Chinese culture. In Venezuela, they are talking about cutting | :25:01. | :25:06. | |
chilli in the ice cream! I put Sav rind in ice cream. It was horrible. | :25:07. | :25:10. | |
I was trying to do something cool and it didn't work. Everyone thought | :25:11. | :25:16. | |
McDonald's was a new restaurant and now they are on to new things. It is | :25:17. | :25:21. | |
such a massive market, isn't it, India and we are going to see it | :25:22. | :25:27. | |
open up. We are seeing its growth, GDP growing faster than China, 1.2 | :25:28. | :25:30. | |
billion people in the country. So it will be fascinating. One of the | :25:31. | :25:35. | |
problems with Yum Brands there was a scandal about the supply of the | :25:36. | :25:37. | |
chickens, there was a concern about safety of the food which is part of | :25:38. | :25:41. | |
the issues they could never really shake off that reputational damage. | :25:42. | :25:46. | |
Nick, we're going to have to leave it there. We have run out of time. | :25:47. | :25:49. | |
There will be more business news throughout the day on the BBC Live | :25:50. | :25:53. | |
webpage and on World Business Report. | :25:54. | :25:55. |