31/03/2016 BBC Business Live


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Security shake-up. with Aaron Heslehurst and Sally


Europe holds emergency talks on making its airports safer -


amid growing concern from the travel business.


Live from London, that's our top story on Thursday


In the wake of the attacks in Brussels and the hijacking


of an Egyptian airliner - the European Commission's top


aviation security officials meet to find out how airport security


One of China's biggest steel producers records a huge drop


in profit - despite plans to increase production.


Meanwhile the UK government rules out nationalising the struggling


And we'll be getting the Inside Track on running one


of Europe's most popular train routes linking the UK to Europe.


The boss of Eurostar will join us and talk about the challenges


of security - disruption and investing in a new fleet.


And Microsoft's controversial experiment in artificial


intelligence has made a brief return online -


before being taken down after tweeting about marijuana.


We want to know - do we expect too much from artificial intelligence?


Security officials from all over Europe are due to hold an emergency


meeting in Amsterdam to assess whether airport safety


It follows the Brussels terror attacks last week,


and the hijacking of an Egyptian airliner on Tuesday.


The European Commission's Aviation Security committee will be looking


at 500 airports - to find out what practical steps can be taken.


blasts in the departure airport. This is an area where passengers


have not been through security checks.


David Learmount, a consulting editor at Flightglobal,


Lots of experts looking at this today, what will be come up with?


They meet very regularly but what they have done is they have called


an extra one. This is an extraordinary meeting.


What they are doing is looking at the Brussels event and


saying, can we react to this usefully, without too much


disruption? One thing they don't want is to disrupt transport because


it is economically very harmful. Is it a case here, some people say


we need zero risk. That is impossible, it is minimising


the number of people that can If they are talking about security


checks before you even get into the


departure hall, many people are saying, aren't you


just pushing the problem further out into the


When I spoke to the European Commission about this yesterday, I


asked them what new ideas that they have? What


they tried to work out is whether they can usefully refine


what we already have. What we are talking about


the Brussels on, that was in a public area, no security checks


before you go in there. You can move it out


to the car park by having checks on the entrance. So if you


that means there are fewer people in the departure hall. But actually


guaranteeing that nobody will be hurt, that is impossible what about


some systems already in place that seemed to be effective. In Montreal,


there is a staggered, entry system, so you are not


to people come two hours before your flight, you are giving people a


specific time when they come. Is that unrealistic at somewhere like


Heathrow? from Heathrow, we're talking about a


relatively speaking, small-town compared


so much a security thing as a streaming thing. You can book your


place in the queue in advance. It would


things they have said, one solution for one airport.


They are all different layouts and all different sizes. You cannot have


a one size fits all. Every airport When we get news coming out of that


emergency meeting in Amsterdam, we will update you.


Politicians in Argentina have approved a deal to pay back US


creditors, ending a 15-year court battle after defaulting


The years-long debt crisis has restricted the country's access


to international credit markets and made doing business


The UK Business Secretary has ruled out nationalising Britain's biggest


steel works - the Port Talbot plant in Wales -


but says he's looking at some sort of government support.


Indian owner Tata Steel is planning to sell its entire UK business,


which employs about 15,000 people - amid a slump in global demand


and a surge in cheaper Chinese exports.


Royal Dutch Shell says its being investigated by italian prosecutors


over its acquisition of a Nigerian oil field.


The probe is connected to the 2011 $1.3 billion purchase of Nigeria's


OPL-245 offshore oil block by Eni and Shell.


The oil giant said it was cooperating with the authorities.


Where are travellers going, Spain and the Canary Islands.


Their choices are changing as a consequence of the events taking


place in the last year. I love Spain and the Canary Islands.


ago, but because of security concerns about Egypt,


is back as a more popular destination. You are going on


holiday, but you are not going to Spain or the Canary


China makes more steel than the worst


combined, so when they come out today and


output by 20%, to 27 million times, many people are scratching their


heads asking what is going on. The market has a massive supply which


has pushed down prices and causing problems for many companies


like Tata and they UK operations. Baosteel has also had problems.


China has a very big role to play in the situation. They have been


accused of dumping the excess steel products at unfairly low prices


around the world. So a lot of other companies cannot compete. We have to


take the view that China is suffering as well because millions


of jobs have been lost from their steel industry. Baosteel might still


be making money but some of the smaller producers have gone


bankrupt. The Yellen rally continued


in the early part of the session. The markets have been really


embracing what the big boss of US Reminding us all, Janet Yellen


promised a cautious approach to future US interest rate


hikes pointing the finger at the broader global financial


concerns. But in Europe, as expected,


that rally has eased off. The sliding crude oil prices


putting a dampener on that. And looking ahead, lots of important


numbers out tomorrow. An indicator of the health


of China's manufacturing picture In fact, talking of America,


let's find out what should be making the business headlines


over there today. We're not going to Michelle a New


York, we are going to you, Sally. Let's introduce Richard Dunbar. The


end of the first quarter and everyone is trying to assess how it


went. It was quite a turbulent one, especially January? Investors have


swung from gloom to optimism as we exit the quarter. In February, there


were worries and the US economy. We were worried about a precipitous


fall in the oil price, that has been abated because it has risen by 30%.


We were worried about China, which while it hasn't got any better,


probably hasn't got any worse. It has resulted in significant moves on


the markets. The fundamentals haven't changed. We're getting the


purchasing manager's index, it is look forward from the people who


ordered the raw materials to make this stuff. It is probably not


likely to be a very good number. No improvement on China. America


worsening? I don't think I have ever seen a swing in view on a large


economy like America, based on so little information. Janet Yellen


must be scratching their head, looking at similar numbers than


before and wondering right market investors have swung from room to


optimism based on little change in front of them. We will see what the


second quarter holds, UK referendum in the second quarter? Which will be


of interest. But other factors have more influence. We will watch this


space and Richard is coming back. We'll be hearing from


the boss of Eurostar. With flat passenger numbers,


can the high-speed rail service encourage more people


to cross the Channel? You're with Business


Live from BBC News. More on the steel industry crisis in


the UK. Prime Minister David Cameron


is hosting crisis talks on the UK steel industry amid mounting


pressure on ministers to guarantee the future of the Port Talbot


steelworks and its 5,500 staff. Ben is in Salford looking


at what options the UK Government has to support the British


steel industry. Am I right by saying the UK


Government has pretty much ruled out any type of nationalising?


Absolutely right. We have been talking about the implications of


the UK steel industry after the announcement that Tata wants to sell


off its UK steel industry. The government will try to come up with


the plan to safeguard some of those jobs if they can. It has been


shrinking industry since the 70s. Since its peak in 1972, it employed


200,000 people. Last year, it was 16,000 people. Nonetheless, 16,000


jobs is still a significant number and they need to be safeguarded.


What options for the government? They have ruled out nationalisation,


so there are options like taking an equity stake and a management


buyout, weather management take on the firm and run it for themselves.


What could happen? The manufacturers organisation have been talking me


through some of the potential options. If it does mean the


government intervenes and gives a package of support up until the


point a buyer is found and then incentivised the buyer to take it


on, then the government support, call it what you will, if it is part


nationalisation, so be it, but the issue is to find a future buyer and


get this purchase over the line and ensure sustainable steel


manufacturer. Not only in South Wales but in other plants around the


UK. The issue is whether the government can do enough in time.


There are concerns Tata want to sell these plants quickly and if it


cannot find a buyer, it will simply shut them down. One option is to


mothball the site. Run them down, keep on a minimal number of staff


with the view perhaps of somebody wanting to come in and make them


viable at a later date. A number of options on the table but no


information they may take. It is a nervous wait for the staff who are


employed there. Plenty more detail, do take a look online when you have


time. Our top story: Europe


holds emergency talks on making its airports safer,


amid growing concern Crossing the English Channel has


become easier over the years thanks to Eurostar's high-speed trains,


which began service between the UK and Continental Europe


more than 20 years ago. Founded in 1994, the


company has carried more Eurostar reported profits


of $49 million in 2015. This figure was down


from the previous year. The company says


that the recent terror attacks has weighed on revenues and it had also


been forced to increase security as a result of the migrant crisis


currently affecting Europe. At the same time, they have invested


in a lot of new trains. Nicolas Petrovic is


Eurostar's chief executive. He's been in the role


since April 2010. Welcome to the programme. Can I get


something over because there's lots of things to talk about? Briefly, I


will let you get the good news out of the way, finally got the new


trains rolling and I've not seen them but apparently they're very


good. It's been a long time coming because you have been running some


pretty old stock. We love the new trains! We loved the original


trains, too but the new trains are amazing. We have just started them


and we have more comfort, Wi-Fi, blogs, more space in the seats and


it's been a big success. -- plugs. We can carry more passengers in peak


which as been problems in the last few years. At peak time, we were


four weeks in advance and we could not provide more seat when there was


demand. It is really good news for the business because that is how we


are going to grow the business further. Those trains at the moment,


nine new ones operating between London and Paris but the idea is you


can get on one of those to the other destinations, that is the ultimate


idea? Reds yes, we are starting with Paris because it is the biggest


route. But the trains can go to new destinations at the end of next


year, we will go all the way to Amsterdam with those trains which is


a big market for us. It is a big bear market. But also, we know that


when we offer a new route. -- a big bear market. Lots of people take the


Eurostar when we have any view because it is more, Bull. They won't


travel by air. It will be the same with Amsterdam. One of the reasons


people like those routes to Paris and eventually to Amsterdam embeds


of lying is because, let's be frank it is a hassle and given what we are


seeing in Brussels recently, it is likely going to be more of a hassle


at security but of course, you have security as well. I was wondering,


since the attacks in Paris and a recent attack in Brussels and the


bombs, have you revamped your security strategy at Eurostar? I


mean, no, the security has been at the top level for a long time now.


We screen people in the stations, a bit like in an airport. I think it


is one of the few rail services with that type of system. What has


happened is of course, in all public spaces in all the big cities in


Europe, there's a bigger police presence. Otherwise, we have not


really changed what we are doing. When things go and most of the time


they do, your passengers are very happy. -- when things go well. But


when things go wrong, like it did on Good Friday, it can be a disaster. I


just looked online to see what the latest news was about your


organisation and there was all this bad press about Good Friday in St


Pancras, hundreds of people penned in, for six and a half hours, saying


no one was told what was going on with a couple of cancellations


causing complete chaos. Surely that should not really happen in terms of


how it is handled and how people are looked after? Yes, I'm sure we could


have done better and I'm really sorry for the people involved. We


had a track problem so we had to only have one train out of London


and because the trains were so full, it was Good Friday, people had to


wait to be rebooked on the next train. We wanted them to travel that


day. We would offer that but for the ones, the last ones to travel, it


was a long wait and I'm really sorry for them. And also, with the new


trains, you can get many more people on but when it does go wrong, that's


900 people waiting, stuck. Exactly, and that is why we are investing a


lot in the stations at the moment to make them bigger. Paris will be the


first because it requires more capacity. And then we will invest in


London, just because the growth in the market is there. That is why we


got the trains, to grow the business. That is why we invest. I


want to get this in, the Germans are coming! They are watching you very


closely. I know they have delayed their start-up but they are coming


along the line. Apparently Deustchebahn is a very good


operation and it will give you competition, no doubt. Yes, it will


be competition but for me, the competition is more against


airlines. If Deustchebahn comes, it will be more publicity for the rail


link. For me, the big competition is, if you live in London, you can


go to so many city break destinations in Europe nowadays. If


you go to Paris, people will take the Eurostar and they can go to


Rome, Barcelona and so forth. That is where we are competing.


Interesting about city break. And quickly, a brief answer because we


are out of time, running this kind of operation, what keeps you awake


at night? You have the migrant crisis, people trying to get through


the tunnel, the possibility of a terrorist attack on a train. How do


you handle all of that on a personal level? Is it something you worry


about? How do you cope with that? You don't worry about things because


otherwise you can't act. You literally just have to be always on


the ball. As a company, we are trying to mitigate as much as


possible the risk because there is no zero risk in life. It is true


that at the moment, there are lots of things changing. In the past 12


months, it has been a big sea change in Europe. We have two imagine the


best we can and I know we have very good teams and we are very well


organised which is why I'm relaxed! Thank you for joining us. Good to


have you on the show. France is braced for more strikes


and protests today over proposed reforms to


the country's labour laws. The Government wants an end


to the rigid 35-hour working week - the shortest in any European country


- which it says is helping keep Last week, the Cabinet agreed


to reforms where staff could be asked to work 48 hours in a week,


or even 60 in special circumstances, but only if they still average 35


hours over a three-month period. Today's action looks set


to cause disruption to public services, public transport and even


TV services around the country. Today is the real big test for the


French labour law. The unions which oppose it have promised a big


turnout on the streets and if they can bring the numbers out, they have


still got a chance to put pressure on the government to change the text


yet again. Let's not forget, the government has already substantially


watered down this bill. The aim of the reform to the labour code was to


make it easier, less scary for companies to take on staff. At the


beginning, business in general was very much in favour. But since then,


the government has removed a lot of the key provisions, which has


angered business, without particularly satisfying the left and


the unions, which wants the whole thing completely scrapped. So the


government is getting it from both sides at this time, just when you


reminders are coming in of how desperately France needs reform. The


latest unemployment figures show that thereafter in .6 million


people, a record, out of work. -- there are 3.6 million. Other


countries in Europe have this problem and are winning, are


bringing down unemployment at not France.


Hugh Schofield keeping us up-to-date with how things are going in France.


Richard Dunbar, investment director at Aberdeen Asset Management


This is the Sydney morning Herald Digital life section, Microsoft's


artificial intelligence bot returns to Twitter and immediately goes off


the rails again. She has got a foul-mouthed! She has no idea of the


dos and don'ts of social media. Artificial intelligences everywhere,


in finance and medicine, has been one of the great new things and


Microsoft things it can be a great thing on Twitter. Artificial


intelligence learns from the people around it. But she is not learning!


Well you say that budgies obviously learning but from the wrong people.


How to smoke marijuana apparently. Orange Micro last week, she made


sexist and racist comments and this week she sent a spam attack to her


new friends. I do know if this is thought of as a success. Is she


learning from those around her or is she reflecting them? I don't know.


The viewers have got in touch about this very quickly. "Both Human and


artificial intelligence should, meant each other for efficiency".


Thank you very much for all of your tweet even though we don't have time


to mention them. Samsung are being seeded by Pele because they used a


lookalike. Tells you what companies do when they don't like the price so


Pele's price was obviously too high but it shines a light on image


rights for footballers and gives you an idea of the value of footballers


and why big clubs are willing to pay so much for them. Pele is suing for


$30 million and apparently it's all about getting the right lawyers so


they can make their trunk of change as well.


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