:00:08. > :00:12.Security shake-up. with Aaron Heslehurst and Sally
:00:13. > :00:16.Europe holds emergency talks on making its airports safer -
:00:17. > :00:22.amid growing concern from the travel business.
:00:23. > :00:24.Live from London, that's our top story on Thursday
:00:25. > :00:42.In the wake of the attacks in Brussels and the hijacking
:00:43. > :00:49.of an Egyptian airliner - the European Commission's top
:00:50. > :00:54.aviation security officials meet to find out how airport security
:00:55. > :00:57.One of China's biggest steel producers records a huge drop
:00:58. > :01:04.in profit - despite plans to increase production.
:01:05. > :01:07.Meanwhile the UK government rules out nationalising the struggling
:01:08. > :01:18.And we'll be getting the Inside Track on running one
:01:19. > :01:20.of Europe's most popular train routes linking the UK to Europe.
:01:21. > :01:23.The boss of Eurostar will join us and talk about the challenges
:01:24. > :01:26.of security - disruption and investing in a new fleet.
:01:27. > :01:29.And Microsoft's controversial experiment in artificial
:01:30. > :01:31.intelligence has made a brief return online -
:01:32. > :01:35.before being taken down after tweeting about marijuana.
:01:36. > :01:54.We want to know - do we expect too much from artificial intelligence?
:01:55. > :02:03.Security officials from all over Europe are due to hold an emergency
:02:04. > :02:07.meeting in Amsterdam to assess whether airport safety
:02:08. > :02:12.It follows the Brussels terror attacks last week,
:02:13. > :02:14.and the hijacking of an Egyptian airliner on Tuesday.
:02:15. > :02:17.The European Commission's Aviation Security committee will be looking
:02:18. > :02:29.at 500 airports - to find out what practical steps can be taken.
:02:30. > :02:37.blasts in the departure airport. This is an area where passengers
:02:38. > :02:52.have not been through security checks.
:02:53. > :02:59.David Learmount, a consulting editor at Flightglobal,
:03:00. > :03:09.Lots of experts looking at this today, what will be come up with?
:03:10. > :03:13.They meet very regularly but what they have done is they have called
:03:14. > :03:15.an extra one. This is an extraordinary meeting.
:03:16. > :03:20.What they are doing is looking at the Brussels event and
:03:21. > :03:24.saying, can we react to this usefully, without too much
:03:25. > :03:28.disruption? One thing they don't want is to disrupt transport because
:03:29. > :03:34.it is economically very harmful. Is it a case here, some people say
:03:35. > :03:42.we need zero risk. That is impossible, it is minimising
:03:43. > :03:47.the number of people that can If they are talking about security
:03:48. > :03:50.checks before you even get into the
:03:51. > :03:58.departure hall, many people are saying, aren't you
:03:59. > :04:00.just pushing the problem further out into the
:04:01. > :04:06.When I spoke to the European Commission about this yesterday, I
:04:07. > :04:09.asked them what new ideas that they have? What
:04:10. > :04:17.they tried to work out is whether they can usefully refine
:04:18. > :04:17.what we already have. What we are talking about
:04:18. > :04:25.the Brussels on, that was in a public area, no security checks
:04:26. > :04:31.before you go in there. You can move it out
:04:32. > :04:33.to the car park by having checks on the entrance. So if you
:04:34. > :04:47.that means there are fewer people in the departure hall. But actually
:04:48. > :04:53.guaranteeing that nobody will be hurt, that is impossible what about
:04:54. > :04:57.some systems already in place that seemed to be effective. In Montreal,
:04:58. > :05:00.there is a staggered, entry system, so you are not
:05:01. > :05:08.to people come two hours before your flight, you are giving people a
:05:09. > :05:11.specific time when they come. Is that unrealistic at somewhere like
:05:12. > :05:19.Heathrow? from Heathrow, we're talking about a
:05:20. > :05:19.relatively speaking, small-town compared
:05:20. > :05:34.so much a security thing as a streaming thing. You can book your
:05:35. > :05:34.place in the queue in advance. It would
:05:35. > :05:45.things they have said, one solution for one airport.
:05:46. > :05:49.They are all different layouts and all different sizes. You cannot have
:05:50. > :06:00.a one size fits all. Every airport When we get news coming out of that
:06:01. > :06:07.emergency meeting in Amsterdam, we will update you.
:06:08. > :06:12.Politicians in Argentina have approved a deal to pay back US
:06:13. > :06:13.creditors, ending a 15-year court battle after defaulting
:06:14. > :06:19.The years-long debt crisis has restricted the country's access
:06:20. > :06:21.to international credit markets and made doing business
:06:22. > :06:35.The UK Business Secretary has ruled out nationalising Britain's biggest
:06:36. > :06:39.steel works - the Port Talbot plant in Wales -
:06:40. > :06:40.but says he's looking at some sort of government support.
:06:41. > :06:43.Indian owner Tata Steel is planning to sell its entire UK business,
:06:44. > :06:46.which employs about 15,000 people - amid a slump in global demand
:06:47. > :06:53.and a surge in cheaper Chinese exports.
:06:54. > :06:55.Royal Dutch Shell says its being investigated by italian prosecutors
:06:56. > :06:58.over its acquisition of a Nigerian oil field.
:06:59. > :07:04.The probe is connected to the 2011 $1.3 billion purchase of Nigeria's
:07:05. > :07:06.OPL-245 offshore oil block by Eni and Shell.
:07:07. > :07:20.The oil giant said it was cooperating with the authorities.
:07:21. > :07:41.Where are travellers going, Spain and the Canary Islands.
:07:42. > :07:43.Their choices are changing as a consequence of the events taking
:07:44. > :07:50.place in the last year. I love Spain and the Canary Islands.
:07:51. > :07:58.ago, but because of security concerns about Egypt,
:07:59. > :08:06.is back as a more popular destination. You are going on
:08:07. > :08:06.holiday, but you are not going to Spain or the Canary
:08:07. > :08:35.China makes more steel than the worst
:08:36. > :08:40.combined, so when they come out today and
:08:41. > :08:51.output by 20%, to 27 million times, many people are scratching their
:08:52. > :08:54.heads asking what is going on. The market has a massive supply which
:08:55. > :08:57.has pushed down prices and causing problems for many companies
:08:58. > :09:13.like Tata and they UK operations. Baosteel has also had problems.
:09:14. > :09:20.China has a very big role to play in the situation. They have been
:09:21. > :09:25.accused of dumping the excess steel products at unfairly low prices
:09:26. > :09:30.around the world. So a lot of other companies cannot compete. We have to
:09:31. > :09:33.take the view that China is suffering as well because millions
:09:34. > :09:38.of jobs have been lost from their steel industry. Baosteel might still
:09:39. > :09:43.be making money but some of the smaller producers have gone
:09:44. > :09:59.bankrupt. The Yellen rally continued
:10:00. > :10:04.in the early part of the session. The markets have been really
:10:05. > :10:08.embracing what the big boss of US Reminding us all, Janet Yellen
:10:09. > :10:11.promised a cautious approach to future US interest rate
:10:12. > :10:13.hikes pointing the finger at the broader global financial
:10:14. > :10:15.concerns. But in Europe, as expected,
:10:16. > :10:17.that rally has eased off. The sliding crude oil prices
:10:18. > :10:20.putting a dampener on that. And looking ahead, lots of important
:10:21. > :10:23.numbers out tomorrow. An indicator of the health
:10:24. > :10:24.of China's manufacturing picture In fact, talking of America,
:10:25. > :10:30.let's find out what should be making the business headlines
:10:31. > :10:42.over there today. We're not going to Michelle a New
:10:43. > :10:50.York, we are going to you, Sally. Let's introduce Richard Dunbar. The
:10:51. > :10:56.end of the first quarter and everyone is trying to assess how it
:10:57. > :11:06.went. It was quite a turbulent one, especially January? Investors have
:11:07. > :11:10.swung from gloom to optimism as we exit the quarter. In February, there
:11:11. > :11:16.were worries and the US economy. We were worried about a precipitous
:11:17. > :11:21.fall in the oil price, that has been abated because it has risen by 30%.
:11:22. > :11:26.We were worried about China, which while it hasn't got any better,
:11:27. > :11:32.probably hasn't got any worse. It has resulted in significant moves on
:11:33. > :11:41.the markets. The fundamentals haven't changed. We're getting the
:11:42. > :11:46.purchasing manager's index, it is look forward from the people who
:11:47. > :11:52.ordered the raw materials to make this stuff. It is probably not
:11:53. > :11:57.likely to be a very good number. No improvement on China. America
:11:58. > :12:01.worsening? I don't think I have ever seen a swing in view on a large
:12:02. > :12:07.economy like America, based on so little information. Janet Yellen
:12:08. > :12:10.must be scratching their head, looking at similar numbers than
:12:11. > :12:14.before and wondering right market investors have swung from room to
:12:15. > :12:21.optimism based on little change in front of them. We will see what the
:12:22. > :12:26.second quarter holds, UK referendum in the second quarter? Which will be
:12:27. > :12:29.of interest. But other factors have more influence. We will watch this
:12:30. > :12:36.space and Richard is coming back. We'll be hearing from
:12:37. > :12:40.the boss of Eurostar. With flat passenger numbers,
:12:41. > :12:42.can the high-speed rail service encourage more people
:12:43. > :12:44.to cross the Channel? You're with Business
:12:45. > :12:51.Live from BBC News. More on the steel industry crisis in
:12:52. > :12:57.the UK. Prime Minister David Cameron
:12:58. > :12:59.is hosting crisis talks on the UK steel industry amid mounting
:13:00. > :13:01.pressure on ministers to guarantee the future of the Port Talbot
:13:02. > :13:04.steelworks and its 5,500 staff. Ben is in Salford looking
:13:05. > :13:07.at what options the UK Government has to support the British
:13:08. > :13:16.steel industry. Am I right by saying the UK
:13:17. > :13:20.Government has pretty much ruled out any type of nationalising?
:13:21. > :13:26.Absolutely right. We have been talking about the implications of
:13:27. > :13:33.the UK steel industry after the announcement that Tata wants to sell
:13:34. > :13:36.off its UK steel industry. The government will try to come up with
:13:37. > :13:42.the plan to safeguard some of those jobs if they can. It has been
:13:43. > :13:48.shrinking industry since the 70s. Since its peak in 1972, it employed
:13:49. > :13:54.200,000 people. Last year, it was 16,000 people. Nonetheless, 16,000
:13:55. > :13:59.jobs is still a significant number and they need to be safeguarded.
:14:00. > :14:05.What options for the government? They have ruled out nationalisation,
:14:06. > :14:08.so there are options like taking an equity stake and a management
:14:09. > :14:14.buyout, weather management take on the firm and run it for themselves.
:14:15. > :14:16.What could happen? The manufacturers organisation have been talking me
:14:17. > :14:22.through some of the potential options. If it does mean the
:14:23. > :14:26.government intervenes and gives a package of support up until the
:14:27. > :14:30.point a buyer is found and then incentivised the buyer to take it
:14:31. > :14:35.on, then the government support, call it what you will, if it is part
:14:36. > :14:41.nationalisation, so be it, but the issue is to find a future buyer and
:14:42. > :14:44.get this purchase over the line and ensure sustainable steel
:14:45. > :14:47.manufacturer. Not only in South Wales but in other plants around the
:14:48. > :14:54.UK. The issue is whether the government can do enough in time.
:14:55. > :14:58.There are concerns Tata want to sell these plants quickly and if it
:14:59. > :15:03.cannot find a buyer, it will simply shut them down. One option is to
:15:04. > :15:07.mothball the site. Run them down, keep on a minimal number of staff
:15:08. > :15:11.with the view perhaps of somebody wanting to come in and make them
:15:12. > :15:15.viable at a later date. A number of options on the table but no
:15:16. > :15:22.information they may take. It is a nervous wait for the staff who are
:15:23. > :15:23.employed there. Plenty more detail, do take a look online when you have
:15:24. > :15:27.time. Our top story: Europe
:15:28. > :15:29.holds emergency talks on making its airports safer,
:15:30. > :15:31.amid growing concern Crossing the English Channel has
:15:32. > :15:40.become easier over the years thanks to Eurostar's high-speed trains,
:15:41. > :15:42.which began service between the UK and Continental Europe
:15:43. > :15:51.more than 20 years ago. Founded in 1994, the
:15:52. > :15:55.company has carried more Eurostar reported profits
:15:56. > :16:05.of $49 million in 2015. This figure was down
:16:06. > :16:09.from the previous year. The company says
:16:10. > :16:13.that the recent terror attacks has weighed on revenues and it had also
:16:14. > :16:15.been forced to increase security as a result of the migrant crisis
:16:16. > :16:26.currently affecting Europe. At the same time, they have invested
:16:27. > :16:29.in a lot of new trains. Nicolas Petrovic is
:16:30. > :16:31.Eurostar's chief executive. He's been in the role
:16:32. > :16:44.since April 2010. Welcome to the programme. Can I get
:16:45. > :16:48.something over because there's lots of things to talk about? Briefly, I
:16:49. > :16:52.will let you get the good news out of the way, finally got the new
:16:53. > :16:55.trains rolling and I've not seen them but apparently they're very
:16:56. > :17:01.good. It's been a long time coming because you have been running some
:17:02. > :17:04.pretty old stock. We love the new trains! We loved the original
:17:05. > :17:09.trains, too but the new trains are amazing. We have just started them
:17:10. > :17:15.and we have more comfort, Wi-Fi, blogs, more space in the seats and
:17:16. > :17:19.it's been a big success. -- plugs. We can carry more passengers in peak
:17:20. > :17:22.which as been problems in the last few years. At peak time, we were
:17:23. > :17:26.four weeks in advance and we could not provide more seat when there was
:17:27. > :17:30.demand. It is really good news for the business because that is how we
:17:31. > :17:34.are going to grow the business further. Those trains at the moment,
:17:35. > :17:38.nine new ones operating between London and Paris but the idea is you
:17:39. > :17:44.can get on one of those to the other destinations, that is the ultimate
:17:45. > :17:48.idea? Reds yes, we are starting with Paris because it is the biggest
:17:49. > :17:51.route. But the trains can go to new destinations at the end of next
:17:52. > :17:54.year, we will go all the way to Amsterdam with those trains which is
:17:55. > :18:01.a big market for us. It is a big bear market. But also, we know that
:18:02. > :18:05.when we offer a new route. -- a big bear market. Lots of people take the
:18:06. > :18:10.Eurostar when we have any view because it is more, Bull. They won't
:18:11. > :18:14.travel by air. It will be the same with Amsterdam. One of the reasons
:18:15. > :18:17.people like those routes to Paris and eventually to Amsterdam embeds
:18:18. > :18:21.of lying is because, let's be frank it is a hassle and given what we are
:18:22. > :18:26.seeing in Brussels recently, it is likely going to be more of a hassle
:18:27. > :18:30.at security but of course, you have security as well. I was wondering,
:18:31. > :18:33.since the attacks in Paris and a recent attack in Brussels and the
:18:34. > :18:40.bombs, have you revamped your security strategy at Eurostar? I
:18:41. > :18:46.mean, no, the security has been at the top level for a long time now.
:18:47. > :18:52.We screen people in the stations, a bit like in an airport. I think it
:18:53. > :18:56.is one of the few rail services with that type of system. What has
:18:57. > :18:59.happened is of course, in all public spaces in all the big cities in
:19:00. > :19:02.Europe, there's a bigger police presence. Otherwise, we have not
:19:03. > :19:07.really changed what we are doing. When things go and most of the time
:19:08. > :19:12.they do, your passengers are very happy. -- when things go well. But
:19:13. > :19:17.when things go wrong, like it did on Good Friday, it can be a disaster. I
:19:18. > :19:21.just looked online to see what the latest news was about your
:19:22. > :19:26.organisation and there was all this bad press about Good Friday in St
:19:27. > :19:29.Pancras, hundreds of people penned in, for six and a half hours, saying
:19:30. > :19:33.no one was told what was going on with a couple of cancellations
:19:34. > :19:36.causing complete chaos. Surely that should not really happen in terms of
:19:37. > :19:41.how it is handled and how people are looked after? Yes, I'm sure we could
:19:42. > :19:48.have done better and I'm really sorry for the people involved. We
:19:49. > :19:51.had a track problem so we had to only have one train out of London
:19:52. > :19:56.and because the trains were so full, it was Good Friday, people had to
:19:57. > :20:02.wait to be rebooked on the next train. We wanted them to travel that
:20:03. > :20:06.day. We would offer that but for the ones, the last ones to travel, it
:20:07. > :20:10.was a long wait and I'm really sorry for them. And also, with the new
:20:11. > :20:16.trains, you can get many more people on but when it does go wrong, that's
:20:17. > :20:20.900 people waiting, stuck. Exactly, and that is why we are investing a
:20:21. > :20:24.lot in the stations at the moment to make them bigger. Paris will be the
:20:25. > :20:28.first because it requires more capacity. And then we will invest in
:20:29. > :20:32.London, just because the growth in the market is there. That is why we
:20:33. > :20:37.got the trains, to grow the business. That is why we invest. I
:20:38. > :20:42.want to get this in, the Germans are coming! They are watching you very
:20:43. > :20:48.closely. I know they have delayed their start-up but they are coming
:20:49. > :20:50.along the line. Apparently Deustchebahn is a very good
:20:51. > :20:55.operation and it will give you competition, no doubt. Yes, it will
:20:56. > :20:59.be competition but for me, the competition is more against
:21:00. > :21:03.airlines. If Deustchebahn comes, it will be more publicity for the rail
:21:04. > :21:07.link. For me, the big competition is, if you live in London, you can
:21:08. > :21:11.go to so many city break destinations in Europe nowadays. If
:21:12. > :21:15.you go to Paris, people will take the Eurostar and they can go to
:21:16. > :21:20.Rome, Barcelona and so forth. That is where we are competing.
:21:21. > :21:24.Interesting about city break. And quickly, a brief answer because we
:21:25. > :21:28.are out of time, running this kind of operation, what keeps you awake
:21:29. > :21:31.at night? You have the migrant crisis, people trying to get through
:21:32. > :21:36.the tunnel, the possibility of a terrorist attack on a train. How do
:21:37. > :21:42.you handle all of that on a personal level? Is it something you worry
:21:43. > :21:46.about? How do you cope with that? You don't worry about things because
:21:47. > :21:52.otherwise you can't act. You literally just have to be always on
:21:53. > :21:55.the ball. As a company, we are trying to mitigate as much as
:21:56. > :21:59.possible the risk because there is no zero risk in life. It is true
:22:00. > :22:06.that at the moment, there are lots of things changing. In the past 12
:22:07. > :22:09.months, it has been a big sea change in Europe. We have two imagine the
:22:10. > :22:13.best we can and I know we have very good teams and we are very well
:22:14. > :22:15.organised which is why I'm relaxed! Thank you for joining us. Good to
:22:16. > :22:17.have you on the show. France is braced for more strikes
:22:18. > :22:20.and protests today over proposed reforms to
:22:21. > :22:21.the country's labour laws. The Government wants an end
:22:22. > :22:26.to the rigid 35-hour working week - the shortest in any European country
:22:27. > :22:30.- which it says is helping keep Last week, the Cabinet agreed
:22:31. > :22:37.to reforms where staff could be asked to work 48 hours in a week,
:22:38. > :22:41.or even 60 in special circumstances, but only if they still average 35
:22:42. > :22:46.hours over a three-month period. Today's action looks set
:22:47. > :22:50.to cause disruption to public services, public transport and even
:22:51. > :23:04.TV services around the country. Today is the real big test for the
:23:05. > :23:08.French labour law. The unions which oppose it have promised a big
:23:09. > :23:11.turnout on the streets and if they can bring the numbers out, they have
:23:12. > :23:16.still got a chance to put pressure on the government to change the text
:23:17. > :23:22.yet again. Let's not forget, the government has already substantially
:23:23. > :23:25.watered down this bill. The aim of the reform to the labour code was to
:23:26. > :23:29.make it easier, less scary for companies to take on staff. At the
:23:30. > :23:34.beginning, business in general was very much in favour. But since then,
:23:35. > :23:39.the government has removed a lot of the key provisions, which has
:23:40. > :23:42.angered business, without particularly satisfying the left and
:23:43. > :23:45.the unions, which wants the whole thing completely scrapped. So the
:23:46. > :23:50.government is getting it from both sides at this time, just when you
:23:51. > :23:54.reminders are coming in of how desperately France needs reform. The
:23:55. > :24:01.latest unemployment figures show that thereafter in .6 million
:24:02. > :24:03.people, a record, out of work. -- there are 3.6 million. Other
:24:04. > :24:05.countries in Europe have this problem and are winning, are
:24:06. > :24:10.bringing down unemployment at not France.
:24:11. > :24:12.Hugh Schofield keeping us up-to-date with how things are going in France.
:24:13. > :24:14.Richard Dunbar, investment director at Aberdeen Asset Management
:24:15. > :24:25.This is the Sydney morning Herald Digital life section, Microsoft's
:24:26. > :24:30.artificial intelligence bot returns to Twitter and immediately goes off
:24:31. > :24:35.the rails again. She has got a foul-mouthed! She has no idea of the
:24:36. > :24:38.dos and don'ts of social media. Artificial intelligences everywhere,
:24:39. > :24:42.in finance and medicine, has been one of the great new things and
:24:43. > :24:44.Microsoft things it can be a great thing on Twitter. Artificial
:24:45. > :24:50.intelligence learns from the people around it. But she is not learning!
:24:51. > :24:54.Well you say that budgies obviously learning but from the wrong people.
:24:55. > :24:57.How to smoke marijuana apparently. Orange Micro last week, she made
:24:58. > :25:01.sexist and racist comments and this week she sent a spam attack to her
:25:02. > :25:05.new friends. I do know if this is thought of as a success. Is she
:25:06. > :25:12.learning from those around her or is she reflecting them? I don't know.
:25:13. > :25:16.The viewers have got in touch about this very quickly. "Both Human and
:25:17. > :25:20.artificial intelligence should, meant each other for efficiency".
:25:21. > :25:25.Thank you very much for all of your tweet even though we don't have time
:25:26. > :25:31.to mention them. Samsung are being seeded by Pele because they used a
:25:32. > :25:36.lookalike. Tells you what companies do when they don't like the price so
:25:37. > :25:39.Pele's price was obviously too high but it shines a light on image
:25:40. > :25:42.rights for footballers and gives you an idea of the value of footballers
:25:43. > :25:48.and why big clubs are willing to pay so much for them. Pele is suing for
:25:49. > :25:51.$30 million and apparently it's all about getting the right lawyers so
:25:52. > :25:53.they can make their trunk of change as well.