Browse content similar to 27/05/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Alice Baxer | :00:11. | :00:12. | |
Gripped by labour pains - but after years of weak growth, | :00:13. | :00:18. | |
and a jobless rate more than double that of Germany, is France getting | :00:19. | :00:21. | |
Live from London, that's our top story on Friday the 27th of May. | :00:22. | :00:40. | |
French unions urge workers to set up their action as pressure mounts | :00:41. | :00:43. | |
The French President says he will not budge. | :00:44. | :00:53. | |
Also in the programme: Walking their own paths - | :00:54. | :00:55. | |
G7 leaders call the world economy an urgent priority, but fail | :00:56. | :00:58. | |
to agree on co-ordinated steps to head off a crisis. | :00:59. | :01:04. | |
We will keep a close eye on the markets at the end of the trading | :01:05. | :01:12. | |
week. Asian stocks ahead on Friday after US data continues to cast a | :01:13. | :01:16. | |
positive light on the economy. Europe stocks also higher. | :01:17. | :01:21. | |
And tough words between the International monetary fund and the | :01:22. | :01:25. | |
European Union over Greece's debt deal. Oil flutters above $50 a | :01:26. | :01:31. | |
barrel and the G7 in Japan, we will look at the week in business with | :01:32. | :01:34. | |
our economic strip corresponded Andrew Walker. And today, we want to | :01:35. | :01:39. | |
know what you think about Apple possibly buying Time Warner, is this | :01:40. | :01:45. | |
them jumping onto the bandwagon of failing to come up with another | :01:46. | :01:50. | |
cracking product and it needs to do something about its future growth? | :01:51. | :01:54. | |
Let us know what you think. It is simple. | :01:55. | :02:00. | |
We start in France, where pressure is mounting on the government | :02:01. | :02:03. | |
as a wave of strikes hits oil refineries, ports and nuclear power | :02:04. | :02:05. | |
stations, causing fuel shortages and panic buying at petrol stations. | :02:06. | :02:17. | |
The cause - a controversial shake-up of labour rules aimed at making it | :02:18. | :02:20. | |
easier and cheaper to hire and fire workers. | :02:21. | :02:25. | |
Labour unions are fiercely opposed to it. | :02:26. | :02:27. | |
But its supporters say it is vital to make French business more | :02:28. | :02:30. | |
competitive - and energise the country's stagnant economy. | :02:31. | :02:35. | |
Let me give you some background to this. | :02:36. | :02:37. | |
France's unemployment rate is over 10%, well over double | :02:38. | :02:40. | |
Among young people, it's much higher. | :02:41. | :02:49. | |
Proof - say critics - that the system needs reform. | :02:50. | :02:52. | |
Then there is France's economic growth. | :02:53. | :02:57. | |
This graph shows how persistently weak it has been | :02:58. | :02:59. | |
The IMF says growth will improve a bit this year. | :03:00. | :03:06. | |
But it warns that the government's reforms don't go far enough | :03:07. | :03:09. | |
Our business correspondent Jonty Bloom has been to Toulouse | :03:10. | :03:19. | |
to find out why these reforms are so controversial. | :03:20. | :03:23. | |
We will get more of that later. Managing director of financial | :03:24. | :03:36. | |
services joins ours now. And our correspondent Hugh Schofield is in | :03:37. | :03:40. | |
Paris. In Alaska but of hours, have we been hearing the unions have been | :03:41. | :03:46. | |
calling upon the workers and urging them to continue the strike action? | :03:47. | :03:51. | |
-- the last couple of hours. Ramping things up? Yes, no surprise, they | :03:52. | :03:58. | |
have issued a statement saying after yesterday's action, their conclusion | :03:59. | :04:01. | |
is the action must continue so they have called for an intensification | :04:02. | :04:06. | |
of the groups and activities and protests going on. It does not mean | :04:07. | :04:11. | |
today will be like yesterday. It means they will plan more actions in | :04:12. | :04:15. | |
the future and the next big one is not until June 14. Next week, we can | :04:16. | :04:20. | |
expect some action on the railways and maybe at the airports. Protests | :04:21. | :04:25. | |
which do not mean they are connected with the label or protest, they | :04:26. | :04:29. | |
could be for other reasons, but it is combining into a big | :04:30. | :04:32. | |
anti-government movement across the country. It will not be sold on. I | :04:33. | :04:36. | |
predict in the next couple of weeks, there will be a role and it will be | :04:37. | :04:41. | |
quiet and it will pick up again with more sporadic days like yesterday | :04:42. | :04:46. | |
which might be quite nicely. Indeed. We will leave it there. But you | :04:47. | :04:50. | |
soon, it you will keep across everything, I know. That was from | :04:51. | :04:53. | |
Paris. -- we will talk to you soon. Just | :04:54. | :05:00. | |
talk us through wide these Labour reforms are so controversial, why is | :05:01. | :05:04. | |
everybody up in arms, Virginie? There is an historical component. | :05:05. | :05:10. | |
The system in France is generous in terms of benefits and there is a | :05:11. | :05:14. | |
lack of flexibility that when economies are quite strong, it can | :05:15. | :05:20. | |
work. In a low growth economy, it makes it difficult for companies to | :05:21. | :05:25. | |
hire and so it is sticky in unemployment especially among young | :05:26. | :05:30. | |
people. The reforms are about giving more flexibility to companies. You | :05:31. | :05:35. | |
have heard about the 35 hour week and after that, you have to pay | :05:36. | :05:41. | |
overtime. They want more flexibility among that. Firing people, hiring | :05:42. | :05:46. | |
people. And I think it is a very good reform not only for business, | :05:47. | :05:50. | |
but also for young people. A lot of young people in France is stuck in | :05:51. | :05:55. | |
very short-term friends because -- short-term jobs because there is no | :05:56. | :05:59. | |
room in the market to get contracts for long-term jobs. We took about | :06:00. | :06:04. | |
the stagnant economic growth. -- we talk about. This is the graph that | :06:05. | :06:09. | |
shows that stagnant growth since the financial crisis, the deep recession | :06:10. | :06:16. | |
in 2008. We talk about structural and Labour reforms. If the Labour | :06:17. | :06:19. | |
reforms go through, do they change that picture? Is it a reality? I | :06:20. | :06:28. | |
think there is a lack. Think about the reforms we had in the UK under | :06:29. | :06:33. | |
the Thatcher years, it takes time but it is fundamental in terms of | :06:34. | :06:39. | |
the unemployment rate compared to Germany and the UK, Germany is 4.3%. | :06:40. | :06:45. | |
Growth has picked up a little bit in France on a quarterly basis but on | :06:46. | :06:50. | |
an annual basis compared to last year, we are down. So we need to | :06:51. | :06:56. | |
unlock this paralysis. Economic league, they are part of the strikes | :06:57. | :07:01. | |
is very hard to say at this point, probably not much. But politically, | :07:02. | :07:05. | |
it is very important. We have elections a 2017 and Manuel Valls | :07:06. | :07:12. | |
does not want to budge. But the Finance Minister is much more... Is | :07:13. | :07:19. | |
softening of his time. So from a government standpoint and employees | :07:20. | :07:25. | |
and is now employer, the law has been quite diluted. People were not | :07:26. | :07:29. | |
partnering and this was the problem. We really appreciate your input and | :07:30. | :07:33. | |
have a great weekend! Thank you! The leaders of the world's top seven | :07:34. | :07:47. | |
economies have closed the G7 summit with a pledge more. Policies to | :07:48. | :07:52. | |
boost global growth. In a final meeting in Japan, they warned of | :07:53. | :07:55. | |
threats to the global economy including a British vote to leave | :07:56. | :08:01. | |
the EU and Chinese steel, we will talk more about that. Listen to | :08:02. | :08:03. | |
this. Google has won a major legal victory | :08:04. | :08:04. | |
in its multi-billion dollar copyright battle with software firm | :08:05. | :08:07. | |
Oracle. A US jury has unanimously upheld | :08:08. | :08:09. | |
Google's claim it had the right to use Oracle's Java programming | :08:10. | :08:11. | |
language to develop Android - the operating system used by 80% | :08:12. | :08:14. | |
of the world's smartphones. Oracle has been claiming | :08:15. | :08:21. | |
$9 billion in damages Microsoft and Facebook have | :08:22. | :08:38. | |
announced plans to build the Atlantic's highest capacity datalink | :08:39. | :08:41. | |
to run between the US and Europe. The cable will run underneath the | :08:42. | :08:47. | |
Ocean, between Virginia in the US and Bilbao in Spain. The tech | :08:48. | :08:51. | |
companies have to pay external firms to use their cables and this could | :08:52. | :08:56. | |
be costly and the large amount of traffic across these lines could | :08:57. | :09:01. | |
make connections much slower. What is on the business news? We | :09:02. | :09:09. | |
have talked about the G7 a what and we will talk to Andrew but the | :09:10. | :09:13. | |
interesting thing is how the Japanese Prime Minister Ise-Shima | :09:14. | :09:16. | |
was urging the other leaders to print more money and splash it out, | :09:17. | :09:20. | |
get it out into the economy. They have been doing this for years. | :09:21. | :09:26. | |
But the other thing is some critics will say that he was like, if you | :09:27. | :09:33. | |
can't put more dollars into the US and European pocket, what will you | :09:34. | :09:39. | |
do, they will buy stuff? And hopefully Japanese stuff! I am not | :09:40. | :09:42. | |
saying that, some critics have said that. He is drawing parallels with | :09:43. | :09:48. | |
2008 and the Riemann crisis, others do not believe it is that severe. | :09:49. | :09:57. | |
And more cars have been recalled over that airbag problem. Another | :09:58. | :10:03. | |
extra 7 million cars. Let's talk about the world's biggest PC maker. | :10:04. | :10:13. | |
It has made a loss of $120 million for the first opera, verse three | :10:14. | :10:16. | |
months of the year. Thank you very much! | :10:17. | :10:27. | |
The first net loss in six years. What has gone so wrong? They are | :10:28. | :10:32. | |
disappointing numbers and shares in Hong Kong have gone down nearly 4% | :10:33. | :10:35. | |
and the reason they are doing badly is because of losses in the | :10:36. | :10:39. | |
smartphone division. This is because shipments to China, one of their | :10:40. | :10:45. | |
biggest markets, have plunged by about 85%. Lenovo is facing stiff | :10:46. | :10:51. | |
competition from rivals and as we know, it is other -- its other | :10:52. | :10:58. | |
business has been fizzling out, of personal computers, the trend across | :10:59. | :11:02. | |
the globe. Lenovo talks about how their smartphone division is | :11:03. | :11:08. | |
struggling from the cost of buying over the motor rally unit in 2014 | :11:09. | :11:10. | |
and its chairman said the purchase has not met expectations of fixing | :11:11. | :11:18. | |
the business. Analysts believe the smartphone unit will keep making | :11:19. | :11:24. | |
losses. Tough times for Lenovo. And Asian stocks have pulled ahead | :11:25. | :11:28. | |
on Friday after US data continue to the gas the economy in a positive | :11:29. | :11:32. | |
light and the dollar went on the offensive. Japan sought its indexed | :11:33. | :11:42. | |
boys by Tokyo delaying a tax hike to about 0.5%. And crude oil after | :11:43. | :11:50. | |
nudging through the $50 barrel mark yesterday, psychologically | :11:51. | :11:53. | |
important, it has slumped back. In Europe's, stocks have opened flat at | :11:54. | :11:58. | |
the moment flat. We have the details of what is ahead on Wall Street | :11:59. | :12:00. | |
today. On Friday, we will see how the US | :12:01. | :12:04. | |
economy fared in the first three months of this year. We initially | :12:05. | :12:11. | |
heard the economy grew by only 0.5%. In this revision, it is likely the | :12:12. | :12:17. | |
economy grew a bit faster than that. About 0.9% because of decent gains | :12:18. | :12:22. | |
in consumer spending and presidential construction. Also | :12:23. | :12:24. | |
happening on Friday, the share of the US Central Bank -- the chair of | :12:25. | :12:30. | |
the US Central Bank Janet yelling will take part in a central | :12:31. | :12:34. | |
discussion and what she says will be met with great interest as we move | :12:35. | :12:38. | |
closer to the mid June meeting of the US Federal reserve. There has | :12:39. | :12:41. | |
been a rise in interest rates since December but if you look at the | :12:42. | :12:46. | |
minutes of the last meeting of the Federal reserve, it was suggested | :12:47. | :12:51. | |
that a tune or July, a rate rise Ben is firmly on the cards. | :12:52. | :12:57. | |
There you go. Let's stay with that. Our business economist is joining | :12:58. | :13:05. | |
us. We will give you the credit, a bout a month ago when experts were | :13:06. | :13:11. | |
saying they would push the rate rise until September. But the big boss | :13:12. | :13:17. | |
said no, June. And you said June and we had numbers yesterday, Americans | :13:18. | :13:24. | |
buying more durable goods and jobs down, it is looking good for June. | :13:25. | :13:29. | |
It is looking good for June. I think the message from the minutes, back | :13:30. | :13:36. | |
in April, they were saying that if the economy does not deteriorate, we | :13:37. | :13:39. | |
will keep raising rates. A little bit at a time. 14 -- the 14th and | :13:40. | :13:48. | |
15th of June is a good time and next week we have the big data. It is | :13:49. | :13:57. | |
payroll rolls on Friday. If that is good and Janet yelling is speaking | :13:58. | :14:01. | |
on the following evening and what she says could make a difference. | :14:02. | :14:05. | |
Those minutes did cause a bit of a stir. Everybody massively ringing | :14:06. | :14:09. | |
for these predictions from September but what does this mean if there is | :14:10. | :14:14. | |
a rate hike in June and how many more could we see over the year? | :14:15. | :14:23. | |
I think the dollar will go up, the problem with that is, the dollar | :14:24. | :14:31. | |
goes up and countries in emerging markets have problems. That is | :14:32. | :14:35. | |
always an issue. When the dollar moves up, the rest of the world | :14:36. | :14:39. | |
suffers. Really good to talk to you. You're going to go through the | :14:40. | :14:44. | |
papers soon. Great papers stories coming up. Still to come, tough | :14:45. | :14:49. | |
words between the IMF and the EU over the Greek debt deal. Oil is | :14:50. | :14:56. | |
about 50 bucks, which we haven't seen for about seven months. And big | :14:57. | :15:00. | |
stories in Japan. Andrew Walker is right in the wings. Stay with us. | :15:01. | :15:07. | |
We have heard plenty about dipping into the bank of mum and dad. My | :15:08. | :15:13. | |
favourite bank! But what about living | :15:14. | :15:18. | |
in the house of Mum and Dad? High property costs means the trend | :15:19. | :15:20. | |
of people living with their parents A report by Aviva has put some | :15:21. | :15:23. | |
figures on what it calls the growing number of multi-generational | :15:24. | :15:28. | |
households. Rob Young is on our | :15:29. | :15:29. | |
Business newsroom. Are you still in the | :15:30. | :15:36. | |
house of Mum and Dad? Kind, it is so hard for young people | :15:37. | :15:47. | |
to save money for a deposit for a house, because house prices have | :15:48. | :15:49. | |
been rising rapidly in London and the south-east. Rent has been going | :15:50. | :15:55. | |
up by so much in recent years as well, they say it is impossible to | :15:56. | :16:00. | |
save for a deposit. This study has put a number on the amount of young | :16:01. | :16:06. | |
people in their 20s and early 30s living with their parents. It is 3 | :16:07. | :16:10. | |
million of them. This study says that has gone up by 500,000 over the | :16:11. | :16:15. | |
past ten years. It is forecasting that over the next decade it will go | :16:16. | :16:21. | |
up by yet another 1 million. We are not just talking about a single | :16:22. | :16:24. | |
young men and women living with their parents. The report has also | :16:25. | :16:27. | |
identified what they are calling a big rise in multifamily households, | :16:28. | :16:33. | |
young couples, often married, living with one set of parents. Does this | :16:34. | :16:40. | |
trend show any sign of abating? It seems like we here for the long | :16:41. | :16:45. | |
haul, the prices don't seem to be coming down? And what about economy? | :16:46. | :16:51. | |
It says if house prices continue to rise faster than wages, there will | :16:52. | :16:54. | |
be more and more people that dream of owning their own home, but it is | :16:55. | :16:57. | |
increasingly out of reach. You are right, there might be an economic | :16:58. | :17:01. | |
impact. People might have a bit more disposable income because they are | :17:02. | :17:04. | |
letting rent-free at home, so they can spend a bit more. Or maybe they | :17:05. | :17:09. | |
are saving a lot of money. If potentially means they are delaying | :17:10. | :17:12. | |
having children, which potentially also has an economic impact. Good on | :17:13. | :17:18. | |
you, mate, have a great weekend. Say hello to mum and dad. We will have a | :17:19. | :17:28. | |
quick look at this live page. VHS, what will happen in terms of the | :17:29. | :17:31. | |
pension deficit, in terms of trying to find a new buyer? The deadlines | :17:32. | :17:39. | |
are fast approaching. Interesting, news coming in about the Mothercare | :17:40. | :17:42. | |
boss Greg Tufnell. You're watching Business Live - | :17:43. | :17:47. | |
our top story: France's President Francois Hollande says he won't back | :17:48. | :17:50. | |
down on labour reforms as unions urge workers | :17:51. | :17:52. | |
to step up strike action. No sign of an end in the misery for | :17:53. | :17:54. | |
French commuters. And now let's get the inside track | :17:55. | :17:59. | |
on some of the big stories of the week including Greece's debt | :18:00. | :18:02. | |
deal, the G7 meeting in Japan With us is Andrew Walker, | :18:03. | :18:05. | |
Economics Correspondent. Were usually drag him in on Friday. | :18:06. | :18:24. | |
A pleasure! Say it with a smile, next time. Talking about smiling or | :18:25. | :18:28. | |
not smiling, the G7, as some were expecting. Here is what is hard for | :18:29. | :18:36. | |
Lehman, the leaders agree that, globally, things are getting worse, | :18:37. | :18:40. | |
not getting better. The IMF has revised downwards its global | :18:41. | :18:47. | |
economic forecast. They still can't come to a unified agreement. They | :18:48. | :18:56. | |
agree things have got worse. But how much worse? It is a difference of | :18:57. | :18:59. | |
emphasis. The Japanese Prime Minister gave a presentation to the | :19:00. | :19:05. | |
other leaders, drawing some slightly alarming parallels with 2008, the | :19:06. | :19:11. | |
aftermath of the collapse of Lehman Brothers in the United States, in | :19:12. | :19:15. | |
particular looking at commodity prices, suggesting the fall has been | :19:16. | :19:19. | |
of a similar magnitude, looking at investments that are particularly | :19:20. | :19:25. | |
relevant in the emerging economies. They agreed that the emerging | :19:26. | :19:28. | |
economies are in a difficult situation. But he was giving a more | :19:29. | :19:35. | |
alarming view of the outlook for that part of the world and, | :19:36. | :19:38. | |
potentially, with knock-on effects to the rest of the world. In | :19:39. | :19:45. | |
particular, David Cameron, the British Prime Minister, and | :19:46. | :19:47. | |
Chancellor Angela Merkel of Germany, they would have been much less | :19:48. | :19:51. | |
convinced about just how bleak the outlook is. They're in mind those | :19:52. | :19:55. | |
are two leaders that are more resistant to the idea of more | :19:56. | :19:58. | |
stimulus coming from government spending and tax cuts. A lot of the | :19:59. | :20:04. | |
other leaders take the view that Germany has got more scope to do | :20:05. | :20:07. | |
that, because government finances are in relatively robust shape. But | :20:08. | :20:11. | |
Angela Merkel is not so keen. Another big story of the week, where | :20:12. | :20:15. | |
Germany found itself in a different come to everyone else, that was | :20:16. | :20:19. | |
Greece. They kind of lost, because Greece did get debt relief? Well, a | :20:20. | :20:25. | |
commitment in principle to debt relief. They went far enough to | :20:26. | :20:30. | |
persuade the IMF, who have long been arguing that Greece must have debt | :20:31. | :20:36. | |
relief, they have gone far enough to get the IMF to start cranking itself | :20:37. | :20:41. | |
up, to come in principle, getting financially involved in the | :20:42. | :20:45. | |
programme. The third Greek bailout, they have made no financial | :20:46. | :20:48. | |
contribution. They did contribute to the first two. They have refused, | :20:49. | :20:52. | |
hitherto, on number three, because of concerns about whether the debt | :20:53. | :20:56. | |
burden is sustainable. They are not quite ready to write a check, but | :20:57. | :21:00. | |
they are getting a lot closer. We have about 20 seconds. The oil | :21:01. | :21:09. | |
price, about $50, is it going to continue? A lot of people think | :21:10. | :21:13. | |
American shale oil production might start cranking back-up. That would | :21:14. | :21:20. | |
mean more supply, and that could be enough to catch the upward momentum, | :21:21. | :21:25. | |
bearing in mind that Iran is also coming back into the market as | :21:26. | :21:28. | |
rapidly as it can. There is always the possibility that some of the | :21:29. | :21:32. | |
supply disruptions we have seen in Nigeria, Canada, one of the reasons | :21:33. | :21:35. | |
for the price rises, there was might come to an end. I don't think | :21:36. | :21:40. | |
anybody would be betting on a big further upward movement. Goldman | :21:41. | :21:51. | |
Sachs has been saying that. Goldman Sachs, just get back in there! They | :21:52. | :21:57. | |
have! The US Republican candidate | :21:58. | :21:59. | |
Donald Trump has officially reached the number of delegates needed | :22:00. | :22:01. | |
to secure the party's If he's successful in his bid | :22:02. | :22:03. | |
for the Whitehouse, the billionaire politician could anger overseas | :22:04. | :22:07. | |
businesses by placing import restrictions | :22:08. | :22:09. | |
on foreign-produced goods. But for one Asian manufacturer, | :22:10. | :22:10. | |
it seems that every cloud Donald Trump says Chinese factories | :22:11. | :22:13. | |
are stealing American jobs. Well, this one has | :22:14. | :22:23. | |
pinched something else, And they have rendered it artfully | :22:24. | :22:25. | |
in novelty rubber and The production process, though, | :22:26. | :22:30. | |
offers no clues to those It is a questionable proposition, | :22:31. | :22:34. | |
of course, but if rubber mask sales are a reliable gauge of US | :22:35. | :22:45. | |
electoral sentiment, the coming months could be looking | :22:46. | :22:47. | |
bright for the controversial TRANSLATION: To be frank, | :22:48. | :22:49. | |
I prefer Trump to Hillary. Even though the sales | :22:50. | :22:55. | |
are more or less the same, I think in 2016 this mask | :22:56. | :22:58. | |
will completely sell out If he is right, though, | :22:59. | :23:00. | |
he might want to get in before the election, in case | :23:01. | :23:10. | |
Mr Trump slaps an import Of course, both sides of politics | :23:11. | :23:12. | |
get the rubber treatment here. And if rubber Donald Trump looks | :23:13. | :23:18. | |
a little stern, rubber Recent polls show the presidential | :23:19. | :23:21. | |
race narrowing. Orders for Clinton and Trump rubber | :23:22. | :23:28. | |
masks are also neck and neck, I wanted to get one of those! All | :23:29. | :23:45. | |
three of us. We are going to go through the papers. Can we start | :23:46. | :23:50. | |
with this? I'm really fascinated, Apple, there are rumours and talk | :23:51. | :23:54. | |
about buying Time Warner. One would think that is because of the | :23:55. | :23:58. | |
content. Is that because iPhone sales are sort of peaking? It is | :23:59. | :24:03. | |
also competing against Netflix, and Amazon Prime, who make their own | :24:04. | :24:08. | |
content? It's really interesting. What would Steve Jobs have done? He | :24:09. | :24:13. | |
would be rolling in his grave. I think so. What was Apple about when | :24:14. | :24:19. | |
he was in charge? New things, technology, hardware, but new ways | :24:20. | :24:24. | |
of doing things. You know, all of this pointing on screens, moving | :24:25. | :24:27. | |
stuff around you have been doing on your iPad. This seems like it is | :24:28. | :24:34. | |
like a child with money in their pocket and it is burning a hole in | :24:35. | :24:37. | |
their pocket. They are looking at other people and saying, this is an | :24:38. | :24:43. | |
area where there is growth, so let's go into there. They do have a huge | :24:44. | :24:49. | |
stockpile, they recently bought that rival to Uber in China. But neither | :24:50. | :24:55. | |
Apple Time Warner have confirmed anything. Are they behind the curve | :24:56. | :25:00. | |
in terms of providing content? Ever since the passing of Steve Jobs, we | :25:01. | :25:07. | |
have not had a whizbang product, have we? Do you want to talk about | :25:08. | :25:12. | |
this one? This is the Huffington Post. Is the writing on the wall for | :25:13. | :25:21. | |
e-mail, even in a work situation? We get so much spam that people are | :25:22. | :25:26. | |
using social media apps to communicate even in the workplace. | :25:27. | :25:30. | |
Would you allow that? Most companies find it difficult, they want to | :25:31. | :25:43. | |
control it. Things like WhatsApp, it is outside of the company. There are | :25:44. | :25:47. | |
things where you can do messaging, but it is all controlled, encrypted | :25:48. | :25:51. | |
and controlled centrally. So it will not be the companies like iMessage | :25:52. | :25:59. | |
that will do well out of this if it is a trend. But it is a trend, I use | :26:00. | :26:04. | |
WhatsApp all the time. Thank you for joining | :26:05. | :26:06. |