Browse content similar to 14/06/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:08. | |
France at a standstill - that's the aim of French unions | :00:09. | :00:11. | |
as they call for a show of strength with workers downing tools | :00:12. | :00:15. | |
in a battle with authorities over labour reforms. | :00:16. | :00:17. | |
Live from London, that's our top story on Tuesday 14th June. | :00:18. | :00:36. | |
Striking air traffic controllers and train drivers are expected | :00:37. | :00:41. | |
to trigger disruption for travellers today. | :00:42. | :00:42. | |
Protests are due to kick off in Paris later as the country | :00:43. | :00:45. | |
As the E3 gaming expo opens in the US, we'll look at the latest | :00:46. | :00:55. | |
And markets across Europe look like this as the countdown begins. | :00:56. | :01:07. | |
Just nine days until the UK votes on its future in Europe. | :01:08. | :01:17. | |
Leasing rather than buying business machinery is soaring in popularity. | :01:18. | :01:21. | |
Is it just another extension of the so-called sharing economy? | :01:22. | :01:23. | |
We'll meet the head of one of Europe's biggest leasing firms. | :01:24. | :01:28. | |
Plus what would you pay for a buffet with Buffett? | :01:29. | :01:31. | |
One anonymous bidder parted with $3.4 million to have lunch | :01:32. | :01:33. | |
with the infamous billionaire investor Warren Buffett, | :01:34. | :01:38. | |
so we want to know who would you like to lunch with? | :01:39. | :01:41. | |
Let us know, use the hashtag #BBCBizLive. | :01:42. | :01:53. | |
I would always want to have lunch with Sally, everyday. | :01:54. | :01:58. | |
Unions in France have urged members for a show | :01:59. | :02:04. | |
of strength in Paris today as a general strike gets underway. | :02:05. | :02:09. | |
Striking air traffic controllers and train drivers are expected | :02:10. | :02:13. | |
to trigger transport disruptions, with protests in due to begin | :02:14. | :02:17. | |
The reforms make it easier for companies to lay off staff, | :02:18. | :02:30. | |
reduce pay and introduce flexible working hours. | :02:31. | :02:33. | |
The government hopes it will help to lower the country's | :02:34. | :02:37. | |
high unemployment rate, which has been stuck at about 10% | :02:38. | :02:40. | |
for the past four years, by encouraging companies to take | :02:41. | :02:42. | |
It's also hoped the measures - which are now going through | :02:43. | :02:47. | |
the Senate - will help to boost the country's persistently | :02:48. | :02:49. | |
GDP in the first three months of the year was 0.5% but it's | :02:50. | :02:56. | |
expected to slow significantly by the end of June. | :02:57. | :03:03. | |
We will keep a close eye on that and have a little more for you later on. | :03:04. | :03:09. | |
Of course you are 2016, all of this happening at this moment with this | :03:10. | :03:15. | |
stubbornly high unemployment rate really affecting what happens there, | :03:16. | :03:20. | |
so the unions are hoping they can put this walk out on to keep staff | :03:21. | :03:25. | |
with a brighter future but of course it could affect trains, planes and | :03:26. | :03:28. | |
of course the rest of the economy. More on that a little later. | :03:29. | :03:34. | |
Microsoft is buying the professional networking website LinkedIn | :03:35. | :03:52. | |
And it is also unveiling two new systems at the East three gaming | :03:53. | :04:04. | |
Expo. E3 is the biggest shop window for | :04:05. | :04:08. | |
the biggest firms in the world and as ever Microsoft went first and | :04:09. | :04:12. | |
announced two new consoles. The first is a new slimline version of | :04:13. | :04:16. | |
the Xbox, due later this year, the second will be out in 2017, a souped | :04:17. | :04:21. | |
up console capable of running virtual reality games. When it ships | :04:22. | :04:27. | |
next year we believe it will be the most powerful console ever built, | :04:28. | :04:33. | |
with six Terror box of power it is hardware built specifically to lead | :04:34. | :04:38. | |
the console industry into high Fidelity virtual reality. Sony | :04:39. | :04:42. | |
always go second at the event which often gives them the upper hand and | :04:43. | :04:46. | |
they used to this year, coming out straightaway to save their existing | :04:47. | :04:50. | |
PS four is already good enough to play virtual reality and their | :04:51. | :04:53. | |
headset will come out in October. The time has finally come for | :04:54. | :04:57. | |
everyone to enjoy Villar in their own homes. At PlayStation we have a | :04:58. | :05:03. | |
combination of the necessary processing and graphics power | :05:04. | :05:07. | |
already built inside 40 million PlayStation fours that have been | :05:08. | :05:11. | |
sold worldwide. It gives Sony at Headstart in what | :05:12. | :05:15. | |
many people say is the future of gaming but if the headset does not | :05:16. | :05:18. | |
live up to expectations it could seriously backfire. | :05:19. | :05:30. | |
Our economics correspondent Andrew Walker is joining us. From France, | :05:31. | :05:36. | |
it is a familiar tale, but the current government seems determined | :05:37. | :05:40. | |
to get through this labour reform. He has pushed it very hard, he is | :05:41. | :05:45. | |
looking for re-election next year, so clearly he is prepared to take | :05:46. | :05:49. | |
some significant political risks. On one hand he would like to have some | :05:50. | :05:53. | |
sort of signature major reform to go to the electorate with but clearly | :05:54. | :05:58. | |
this, if he were to get this through, it would create serious | :05:59. | :06:02. | |
difficulties in the labour movement, an important part of his own | :06:03. | :06:08. | |
political base. He is determined, he has been pushing hard in the French | :06:09. | :06:12. | |
assembly, and as we have seen it is proving to be extraordinarily | :06:13. | :06:16. | |
difficult. Some of the labour movement would take a lot of it but | :06:17. | :06:22. | |
they do want to see some of the provisions, for example, on | :06:23. | :06:25. | |
precedents being given to firm level agreements, they would like to see | :06:26. | :06:28. | |
some of that drop from the legislation, but he is having a hard | :06:29. | :06:33. | |
time with it. Looking at the timing of this, Euro 2016 underway in | :06:34. | :06:37. | |
France, people trying to get around the country to get to the matches, | :06:38. | :06:41. | |
the timing particularly relevant because it could disrupt those | :06:42. | :06:46. | |
plans. And bearing in mind it is the summer anyway so there will be a lot | :06:47. | :06:49. | |
of tourism in France quite apart from the Euro championship, so it | :06:50. | :06:55. | |
will be disruptive. It has presumably been kind to specifically | :06:56. | :06:59. | |
with that thought in mind. It is not as if this is a new debate, it has | :07:00. | :07:03. | |
to be said. The many years there has been concern from within France and | :07:04. | :07:11. | |
expressed by international organisations that it is harder and | :07:12. | :07:16. | |
more expensive for French businesses to hire people and that, it is | :07:17. | :07:20. | |
argued, is one of the key reasons why French unemployment is | :07:21. | :07:22. | |
relatively high, something like 10%, and France have a particular problem | :07:23. | :07:28. | |
with high unemployment amongst low skilled young people. High | :07:29. | :07:34. | |
productivity has been a factor in maintaining the high French standard | :07:35. | :07:37. | |
of living but businesses are reluctant to take on people with low | :07:38. | :07:41. | |
skills who are relatively low productivity because it is an | :07:42. | :07:46. | |
expensive thing to do in France. Thank you very much indeed, | :07:47. | :07:48. | |
perspective from Andrew Walker. We will keep you across how the day | :07:49. | :07:52. | |
develops there because it is not just the general strike but also the | :07:53. | :07:55. | |
airline strike underway as well today. | :07:56. | :07:55. | |
Good luck if you are travelling. Microsoft is buying the professional | :07:56. | :07:58. | |
networking website LinkedIn The software giant | :07:59. | :08:07. | |
will pay $196 a share - that's a premium of almost 50% | :08:08. | :08:10. | |
on Friday's closing price. The deal will help Microsoft boost | :08:11. | :08:12. | |
sales of its business Malaysia's first Islamic-compliant | :08:13. | :08:15. | |
airline, Rayani Air, has been barred from flying | :08:16. | :08:19. | |
for breaching regulations. The Department of Civil Aviation | :08:20. | :08:22. | |
said it was revoking the airline's certification because of concerns | :08:23. | :08:25. | |
over its safety audit Rayani Air launched last December | :08:26. | :08:27. | |
offering only halal food, no alcohol and crew wearing modest | :08:28. | :08:32. | |
clothing. The Chinese e-commerce giant Alibaba | :08:33. | :08:41. | |
has released figures Sharanjit Leyl is in Singapore | :08:42. | :08:45. | |
and has been following the story. Big ambitions? | :08:46. | :09:01. | |
Big ambitions, it was unveiled at an investor 's conference in the | :09:02. | :09:05. | |
headquarters of Alibaba, projecting these striking big numbers, | :09:06. | :09:11. | |
expecting transactions to nearly double in volume in four years to | :09:12. | :09:17. | |
$912 billion, that is how much they are projecting. These numbers, I | :09:18. | :09:20. | |
should add, should be taken with a grain of salt. They referred to | :09:21. | :09:24. | |
gross merchandise volume numbers, the measure that eBay and other | :09:25. | :09:28. | |
e-commerce sites have used, referring to the total value of | :09:29. | :09:32. | |
third-party sellers transactions on the company's platforms and it | :09:33. | :09:35. | |
should not begin to used with Alibaba's revenue. The way it | :09:36. | :09:42. | |
calculates its gross merchandise volume is being queried by | :09:43. | :09:45. | |
regulators on concerned that it is defined differently. The executive | :09:46. | :09:48. | |
chairman said it is not the only index that can be used to measure | :09:49. | :09:52. | |
their success and if you are inclined to doubt those numbers he | :09:53. | :09:56. | |
also made another striking prediction, saying Alibaba would | :09:57. | :10:03. | |
have 2 billion consumers by 2036, up from 24 million active buyers this | :10:04. | :10:05. | |
year. As always, thank you very much. | :10:06. | :10:12. | |
Japanese stocks hit a nine-week low, with ongoing worries over | :10:13. | :10:22. | |
the referendum next week and fears that it could push Britain | :10:23. | :10:25. | |
out of the European Union and trigger turmoil | :10:26. | :10:27. | |
They are all red, that tells you what you need to know. | :10:28. | :10:30. | |
It's also approaching the first anniversary of the near-meltdown | :10:31. | :10:32. | |
Despite several attempted rallies since, the country's shares have not | :10:33. | :10:38. | |
pulled much above their levels of last August. | :10:39. | :10:40. | |
Here's how Europe is looking in the first hour of trade. | :10:41. | :10:46. | |
A similar picture in the first hour of trade, nothing moving anywhere | :10:47. | :10:49. | |
fast. And Samira has the details about | :10:50. | :10:52. | |
what's ahead on Wall Street Today. On Tuesday the US Federal Reserve | :10:53. | :10:59. | |
begins its two-day meeting on interest rate policy. While many | :11:00. | :11:04. | |
believe there is little chance of a rate rise this month, investors will | :11:05. | :11:08. | |
be focusing on when the next rise in interest rates may happen. Also | :11:09. | :11:13. | |
happening on Tuesday, US retail sales are out and it looks like they | :11:14. | :11:17. | |
may be up for the second month in a row. In May, Americans bought more | :11:18. | :11:22. | |
cars and higher gas prices meant people were spending more at petrol | :11:23. | :11:27. | |
stations. And finally, top executives from major financial | :11:28. | :11:38. | |
firms will be speaking at a two-day Investec conference in New York. | :11:39. | :11:41. | |
People from JP Morgan, Wells Fargo, Morgan Stanley, bank of the, so on. | :11:42. | :11:44. | |
There could be some updates on what they are expecting to see in the | :11:45. | :11:45. | |
coming quarter. We will keep an eye on that. | :11:46. | :11:49. | |
Joining us is Jessica Ground, UK Equities Fund Manager at Schroders. | :11:50. | :11:54. | |
Good morning, Jessica. We seem to be in a very... Not as scary place, | :11:55. | :12:01. | |
that is exaggerating, but a very nervous place as far as my kids are | :12:02. | :12:05. | |
concerned, looking at the breaking news right now, yield on ten year | :12:06. | :12:11. | |
German debt turning negative, people putting their money into safe | :12:12. | :12:15. | |
places? Definitely, all eyes, not just in the UK but globally now, | :12:16. | :12:19. | |
with policymakers in the US and Japan referencing the referendum in | :12:20. | :12:25. | |
nine days' time, and I think with the release of the latest polls what | :12:26. | :12:30. | |
we are seeing is that people are looking to head some of their | :12:31. | :12:34. | |
positions, so we have seen people betting against sterling, sensing | :12:35. | :12:41. | |
some sort of flight to safety with the safe Government debt from | :12:42. | :12:46. | |
Germany going negative. I mentioned the anniversary of the meltdown in | :12:47. | :12:50. | |
the Chinese stock market and that nothing has really changed since. We | :12:51. | :12:55. | |
saw the big sell-off at the time, a lot of nervousness about its barking | :12:56. | :12:58. | |
the beginning of the end for the rally in China but nothing has | :12:59. | :13:01. | |
really changed, investors are a bit more sangria about it? You have got | :13:02. | :13:06. | |
to look underneath that what is happening on the ground in China. | :13:07. | :13:12. | |
Much of the excitement in the rally was as the Chinese built up their | :13:13. | :13:15. | |
infrastructure, built out property and real estate, and they have been | :13:16. | :13:23. | |
clear about needing to move more towards consumption. Global trade | :13:24. | :13:26. | |
has increasingly become difficult. But I think that it has been more | :13:27. | :13:32. | |
difficult to engineer that shift from infrastructure investment | :13:33. | :13:36. | |
towards more consumption, away from exporting to more domestic demand. I | :13:37. | :13:43. | |
think that is why we have not seen those highs that we saw a year ago. | :13:44. | :13:46. | |
It is important to take a step back and think, 2015, until the meltdown | :13:47. | :13:55. | |
that we had this times of months ago, some of these assets had run up | :13:56. | :14:01. | |
to very high levels. I cannot believe that is a year ago. | :14:02. | :14:06. | |
Time flies when you are having fun talking about market! | :14:07. | :14:10. | |
Jessica will be back to talk us through some of the stories in the | :14:11. | :14:12. | |
papers today. Leasing rather than buying | :14:13. | :14:14. | |
equipment is soaring We'll meet the head | :14:15. | :14:18. | |
of one of the region's You're with Business | :14:19. | :14:21. | |
Live from BBC News. Around 120,000 jobs are thought | :14:22. | :14:30. | |
to have been lost in the UK's oil and gas industry over the last few | :14:31. | :14:34. | |
years after that Today industry leaders are gathering | :14:35. | :14:36. | |
in Aberdeen where many of those Just talk us through this, Aberdeen | :14:37. | :14:53. | |
was hit particularly hard by the downturn in oil prices, how is it | :14:54. | :15:01. | |
manifesting itself day-to-day? Aziza, Aberdeen is the self-styled | :15:02. | :15:06. | |
capital of Oil Gas UK Europe. This is a bridging system, normally the | :15:07. | :15:10. | |
kind of thing juicy offshore, today definitely onshore along with | :15:11. | :15:13. | |
hundreds of delegates here at the Oil Gas UK annual conference. | :15:14. | :15:18. | |
Within the last year there has been dramatic changes since these | :15:19. | :15:21. | |
industry leaders last gathered, a huge drop in the price of oil | :15:22. | :15:28. | |
globally, thousands of job losses in the industry, Aberdeen significantly | :15:29. | :15:32. | |
hit because it is such a call for the whole of the European oil and | :15:33. | :15:37. | |
gas sector. I am joined by Mike from Oil Gas UK. It is a difficult time | :15:38. | :15:41. | |
for the industry and you are predicting more job losses? | :15:42. | :15:47. | |
We could be seeing further job losses, 120,000 have gone across our | :15:48. | :15:56. | |
sector and our society. Aberdeen say it has been impacted by this. It is | :15:57. | :16:02. | |
not just those working offshore, it is not just those working onshore, | :16:03. | :16:09. | |
but supply chain industries. Yes, our theme is around Aberdeen and the | :16:10. | :16:16. | |
UK continental shelf open for business. We can compete globally, | :16:17. | :16:20. | |
this is part of our ability to show that. We are seeing a reduction in | :16:21. | :16:25. | |
the amount of oil that can be extracted from the North Sea, what | :16:26. | :16:28. | |
kind of a future do you see for North Sea oil and gas? Production | :16:29. | :16:33. | |
has fallen to a third of what it was 15 years ago, but it has started to | :16:34. | :16:38. | |
increase. Can we keep it growing at a time when investment is under | :16:39. | :16:43. | |
pressure? The conference is just getting under way. | :16:44. | :16:50. | |
A rough ride for people in Aberdeen as a result of that downturn in | :16:51. | :16:57. | |
prices. The UK fashion brand Ted Baker, | :16:58. | :17:01. | |
revenues are up 11% in the last five months. | :17:02. | :17:05. | |
French unions call for a show of strength as workers down tools | :17:06. | :17:13. | |
in a battle with authorities over labour reforms. | :17:14. | :17:21. | |
All of this while Euro 2016 is taking place. | :17:22. | :17:34. | |
That's the dilemma facing many businesses as they grapple | :17:35. | :17:37. | |
with the cost of new technology, updating equipment | :17:38. | :17:39. | |
And despite record low interest rates which make borrowing cheaper, | :17:40. | :17:43. | |
more and more European businesses are choosing to rent equipment. | :17:44. | :17:45. | |
The industry association Leaseurope says it's seen strong | :17:46. | :17:47. | |
In the last three months of 2015 it was up nearly 13%. | :17:48. | :17:51. | |
It reported $29 billion worth of new business in the region. | :17:52. | :17:53. | |
And software is one of the biggest growth areas, with companies | :17:54. | :17:56. | |
using a lease to spread the costs of installation and deployment. | :17:57. | :18:08. | |
Your company is in the thick of this. Tell us how your organisation | :18:09. | :18:20. | |
works. We are a subsidiary of BNP Paribas, the largest bank in Europe. | :18:21. | :18:24. | |
We provide to our client leasing solutions. When a company wants to | :18:25. | :18:32. | |
purchase an asset, for example a tractor or a truck, instead of | :18:33. | :18:36. | |
buying it using the investment capability, they will ask as to | :18:37. | :18:41. | |
provide it and then we will rent them the asset. At the end of the | :18:42. | :18:46. | |
contract, which is usually a contract between two and four years, | :18:47. | :18:51. | |
they will bring us back the asset, and if they want they can renew the | :18:52. | :18:59. | |
asset, so it will have a new one with new technology. It is aborted, | :19:00. | :19:02. | |
because they can shift to new technology easier, and we. Another | :19:03. | :19:11. | |
contract. Instead of having to invest, they just rent the asset. It | :19:12. | :19:15. | |
is important for them, because most of the time they have a limited | :19:16. | :19:20. | |
investment capability. This reflects the sharing economy, you don't own | :19:21. | :19:25. | |
the thing anymore, you just wrote it and you pay for the time you have | :19:26. | :19:30. | |
borrowed it. This is that on an industrial scale. Exactly. You can | :19:31. | :19:36. | |
do that for equipment but also for software, printers or whatever. It | :19:37. | :19:45. | |
is a good way for you to get an asset which is brand-new with new | :19:46. | :19:49. | |
technology without having to bear all of the costs related to the | :19:50. | :19:55. | |
change of those assets. You can even get additional services, | :19:56. | :19:58. | |
maintenance, and this is how we operate, we offer the full solution, | :19:59. | :20:04. | |
which is much better for the client. I understand it is great for a small | :20:05. | :20:09. | |
or medium-sized company, they don't have the money to spend, we have | :20:10. | :20:15. | |
seen this business go up in Europe but for off in the United States. | :20:16. | :20:19. | |
You would think it would be the other way round, as the economy is | :20:20. | :20:23. | |
growing more, you would see more of this activity? There is one | :20:24. | :20:26. | |
specificity. You look at their market, especially agriculture, it | :20:27. | :20:35. | |
has been growing very fast in between 2005 and today or last year. | :20:36. | :20:43. | |
At that time it was related to the growth of the agriculture in | :20:44. | :20:50. | |
general. Why did we have this? It is because more and more use of new | :20:51. | :21:03. | |
products for corn. They grew the size of the cornfield and the | :21:04. | :21:07. | |
production, so we have an increase of agriculture. But it is on the | :21:08. | :21:14. | |
drop. The market is dropping in the US. There is so much more to | :21:15. | :21:17. | |
discuss. The debate over the EU referendum | :21:18. | :21:21. | |
has been dominated by big business. Their views are well known, | :21:22. | :21:23. | |
but what about smaller firms? There are more people working | :21:24. | :21:26. | |
in small and medium-sized businesses, and they account for 99% | :21:27. | :21:30. | |
of all firms in the UK. Today we've got the first | :21:31. | :21:36. | |
in a special series looking at what small businesses make | :21:37. | :21:39. | |
of being in the EU. I am Ed Salt, the managing | :21:40. | :21:45. | |
director of Delamere Dairy. We have been established for 30 | :21:46. | :21:48. | |
years, and we have been supplying goats' milk to the market | :21:49. | :21:51. | |
and speciality dairy products The farms that supply us benefit | :21:52. | :21:54. | |
from EU subsidies. There is a lot of red tape around | :21:55. | :22:05. | |
Europe and I am sure there are times when Europe can be criticised | :22:06. | :22:09. | |
for the amount of paperwork and how awkward it can be to deal and be | :22:10. | :22:15. | |
part of the EU, but from a farming point of view | :22:16. | :22:19. | |
the subsidies that the farms get If they are disappearing | :22:20. | :22:23. | |
or were to be taken away, the only thing that can happen | :22:24. | :22:28. | |
is food prices would increase, or there is a process of us | :22:29. | :22:33. | |
absorbing those costs, You can get more on what businesses | :22:34. | :22:48. | |
think on the referendum as well as what both sides say on a range of | :22:49. | :22:51. | |
issues at the BBC referendum web page. Do check it out. The big | :22:52. | :22:58. | |
decision is in just nine days' time. What other business | :22:59. | :23:01. | |
stories has the media been Jessica Ground, UK Equities Fund | :23:02. | :23:03. | |
Manager at Schroders, The big announcement, Microsoft | :23:04. | :23:14. | |
buying LinkedIn, it hit the wires, diverse your take on it. This is | :23:15. | :23:21. | |
solidifying Microsoft's desire to become a business to business | :23:22. | :23:27. | |
player. LinkedIn has got the relevance to recruitment. They are | :23:28. | :23:32. | |
trying to talk about almost a dashboard, so you have your | :23:33. | :23:38. | |
Microsoft Outlook calendar, and flashes up who you are meeting, the | :23:39. | :23:42. | |
fact you have been to school with them and the fact they have e-mailed | :23:43. | :23:47. | |
you the Microsoft presentation. A big acquisition, a quarter of a cash | :23:48. | :23:51. | |
that they have on their balance sheet. They have had a mixed track | :23:52. | :23:59. | |
record, they bought Nokia, not so successful, although people feel | :24:00. | :24:03. | |
that Skype, which they have integrated, has been better. | :24:04. | :24:10. | |
Interesting to see them moving away from the traditional software to | :24:11. | :24:15. | |
networks. I hope the app improves, I find it hard work. Do you use it? | :24:16. | :24:21. | |
Yes, but I am not going to get involved! | :24:22. | :24:25. | |
I am just saying! In the New York Times they are | :24:26. | :24:29. | |
talking about the Washington Post being barred by the Donald Trump | :24:30. | :24:36. | |
campaign. Things getting nasty. Yes, this is not the first time we have | :24:37. | :24:38. | |
seen Donald Trump bark different news outlets, but it is the most | :24:39. | :24:45. | |
mainstream one that we have seen. A lot of the others had been websites. | :24:46. | :24:51. | |
He has run an unconventional campaign. That shows no signs of | :24:52. | :24:54. | |
changing, even though he becomes the mainstream candidate. Does it not | :24:55. | :25:01. | |
show he is scared by negative press? Most people would be courting the | :25:02. | :25:05. | |
media, but he does not want them. He makes these public bands of news | :25:06. | :25:12. | |
outlets, and the journalists, he is then getting exclusive interviews to | :25:13. | :25:18. | |
them, so I am not sure it is a consistent strategy, but you are the | :25:19. | :25:22. | |
experts. We will see how it works out for the BBC. This is a story | :25:23. | :25:28. | |
that was out at the weekend, who would you like to have lunch with? | :25:29. | :25:34. | |
Somebody has paid $3.4 million to go to lunch with Warren Buffett, which | :25:35. | :25:38. | |
goes to charity. Who would you have lunch with? I would like to have | :25:39. | :25:44. | |
lunch with Mark Carney, not just because of his George Clooney | :25:45. | :25:48. | |
resemblance! He is doing interesting things, not only the Bank of England | :25:49. | :25:52. | |
but how he is addressing climate change and the long-term impact. | :25:53. | :25:57. | |
Mark Carney, if you are watching, lunch, I will come as well! | :25:58. | :25:59. | |
It is like a dating show! Goodbye! Than a familiar steel behind me, low | :26:00. | :26:14. | |
pressure the dominant feature through the course of the morning. | :26:15. | :26:20. | |
Not a great deal of change in the overall pattern, although there will | :26:21. | :26:24. | |
be regional variations. The showers | :26:25. | :26:25. |