25/08/2016 BBC Business Live

How much responsibility should the social media giants -

FaceBook, Twitter, YouTube - have

when it comes to policing extremists who use the sites?

A new report says they need to do more.

The world's first self-driving taxi service has arrived in Singapore

And we will keep you up-to-date with the markets as investors continue to

tread water ahead of Friday's big speech from the Federal Reserve

chair. And how working from home

is fuelling the demand for home office furniture,

a global business worth We'll have more on that

on the Inside Track later When does a business become more

than just a business? A damning new report says that

companies like Facebook and Twitter are "consciously failing" to prevent

the use of their websites to promote According to the report,

in 2014, Google removed over 14 million videos that

were linked to terrorists. Twitter

had suspended over 125,000 accounts Despite this, the committee

describes the actions as only In response to the report,

Twitter points out that its efforts have been welcomed by numerous

third parties, including Meanwhile, Facebook says that,

"Terrorists and the support of terrorist activity are not

allowed on Facebook". The company went on to say that

online extremism can only be tackled with a strong partnership between

policy makers, civil society, We outline some of the elements and

issues you are concerned about that to what extent is it fair to say the

likes of Google, Twitter, Facebook, are allowing this activity to go

ahead when clearly they are taking steps and measures to try to counter

this activity? Good morning. We think it is fair, that is why we

said it. We believe the internet is a force for good, one of the

greatest inventions of our lifetime, however it is used as a platform for

groups like Daesh and other organisations who use social media

in order to spread their message and the responsibility on these

companies is not to stand aside, it is to do more of what they have done

over the past year, to remove content related to terrorism and

content propagated by preachers of hate, which means they have to

allocate more resources into effective management of these

accounts. Google has a global income last year of $74 billion, equivalent

to the GDP of Iceland. Taken together with Twitter and with

Facebook, you will see they have enormous resources at their

disposal. We say use more resources in order to deal with the account

setup and being used in order to try to seduce vulnerable young people in

Britain and around the world. We believe radicalisation from the

internet is probably the number one source. There are others.

Peer-to-peer radicalisation and radicalisation in prisons and

schools, etc, but this is the number-1 area and more needs to be

done to tackle the unregulated and lawless internet in some parts of

that great wide internet. We need to do it as quickly as possible. Your

report does not take into consideration how much the UK

Government and international communities are doing to counter

this, working with organisations like Facebook, Twitter, Google. They

have made a great deal of progress and Daesh, as you call them, or

Islamic State as some of us call them, are already not using these

websites because they are easily detected if they do so. We did not

take evidence from Daesh, so we do not know what they are doing. We

point out the internet is the vehicle of choice for those who want

to spread information quickly. If they create access to the dark net,

then Google, Facebook, Twitter, have the best and brightest people,

world-class businesses, they will be able to provide skills necessary in

order to force them to find out how they are getting into the dark net.

We need to constantly deal with this issue, it is something happening

every day. Businesses do need to react in that way. I am told we have

to end the discussion, as much as I would like to ask you another

question! Thanks. Some other business stories now. The US

Treasury Department warned the European Commission about taking

action against US companies over tax avoidance allegations.

The move comes ahead of a possible European Commission

decision on whether Apple's tax arrangement with Ireland violates

The company could be hit with a multi-billion pound bill

But the commission said there was "no bias against US

We will have more on that later in the programme.

According to a new study, many Asian organisations are badly

It says the median time between a breach and its

That is three times the global average.

The study by US security company Mandiant indicates that Asia

was also 80% more likely to be targeted by hackers than other parts

It said an average of 3.7GB in data had been stolen in each attack,

which could be tens of thousands of documents.

A quick look to see what other stories are making headlines. This

took your interest. On bricks and mortar. Exciting stuff

from the national association of estate agents, a UK organisation

that has issued a report about bricks, compiled by the centre of

economic and business research, saying there is a chronic shortage

in bricks that is pushing up the price of housing. It is a real

problem that is interesting. It says if Britain was to build

enough houses to bring house prices down, there would not be enough

bricks available to do so. You can make bricks out of other

things. There you go, that is a business!

Now to Singapore this morning where self-driving

The trial steals a march on Uber who are looking to test a driverless

Tell us more about this interesting story. Many of us thought we were

years away from robot cars on the road but we have come to that point

with a world first in Singapore, where they will take a fleet of

driverless cars starting from today. We know many companies, like Google,

Volvo, have been testing these cars, countries like US and China have

done it on closed circuit. It marks the first time they will put them on

public roads and involve embers of the public. It is operated by a US

start-up. They began the trials in May and April and from today they

will operate in a two and a half square mile area in the western part

of Singapore. If you want to hail a card, a mini electric car made by

Renault and Mitsubishi, all you have to do is take your smartphone and

they will come to a designated pick-up point and they have

designated drop-off points. They will go through actual traffic

conditions. An exciting development. We will have six of the electric

cars on the road to start with and we hope we will have 12 by the end

of the year. Sally and I'm wanting to know your reactions on Twitter.

Would you use a driverless taxi? We can stay in Asia now. Shares

wavering. Taking a cue from an overnight drop on Wall Street while

the dollar is marking time ahead of the key speech by Janet Yellen at

the global central bankers meeting. Investors treading water ahead of

the speech to see if she will offer a clue on rate hikes. The European

open, market still fairly flat. The FTSE 100 continuing the downward

trend we saw yesterday. Thanks to the sharp drop in metal prices

putting pressure on the sector. Before we go back to Sally, we can

talk about the details about what is ahead on Wall Street. Durable goods

orders are out for July, these are things meant to last three years or

more, ranging from toasters to aircraft. It is an important litmus

test for the US economy because consumers and businesses only make

these purchases when they are confident they can afford them. In

June, durable goods orders fell by 3.9%. But investors expect orders to

have increased by 3.3% in July. Speaking of durable goods, Tiffany

will be reporting on Thursday. The strong US dollar is discouraging

tourists from buying high-end jewellery. Tiffany has long been

considered a status symbol. Younger shoppers are not as taken by it with

millennials ignoring brand names and seeking more value for their money.

We are joined by Jane Foley, senior currency strategist. Talking about

it every day on the show, the Fed, Janet Yellen. It is all about her.

It is a quiet week because it is the middle of August. This is the focus

but you can look it from different points of view. It has implications

for the US economy, but what happens to the dollar has implications for

what happens to other central banks and currencies. If the Fed signalled

they would raise interest rates immediately concede a negative

signal to emerging markets, equities, etc, but it would be

easier for the European Central Bank, bank of Japan, Australians and

New Zealand, to see more power given back to their monetary policy.

Because the dollar is stronger and more attractive and their currencies

we can and they are not under so much pressure. It is a massive event

for the world economy. One of the themes of the week has

been falling commodity prices, particularly in the metals sector,

contrast in with how robust oil has been of late. Oil, a sense of deja

vu. At the start of the year we thought by now we would balance

between supply and demand that we are still moving from one issue, too

much supply, to the issue of demand disappointing. It is difficult to

see a strong recovery from these levels. We are swinging around. We

have to remember that we have to hold the story about China. We were

worried about Chinese growth recently markets are saying China is

doing OK. But we have worries about the build-up of debt, which

increases the chances of a hard landing. China the biggest importer

of commodities in the world, which is a big potential story for them.

We will see you later and get your take on whether you will get in a

driverless taxi. Still to come, or why the world of interior design and

home furnishing is now a multi-billion dollar business. We

can focus on the car industry, which is apparently booming in the UK with

production demand and exports going up according to the Society of Motor

Manufacturers and Traders. More than a million were produced in the first

seven months this year, the first time in 12 years production has

reached the milestone. Andrew Walker, why do we think it is

booming? A couple of factors. Strong demand. According to the society,

there was an increase of 14% in production for the domestic UK

market, a 6% increase in export orders. We are seeing the continued

recovery in the British and international economy after the

great recession and financial crisis. That is an important part.

On the other side, the society's chief executive says it reflects the

fact Manufacturers have invested billions in what he calls exciting

new models. That is encouraging consumers to buy.

Booming right now, but will it continue? We have some post-Brexit

figures which is possibly one of the issues you are hinting at there,

suddenly there was no sign in the years of any adverse effect on

demand from British motorists. Continued, strong growth there. As

for Europe, I suppose the big issue is going to be what happens, how the

decline in Stirling affects the demand for British cars there. It

certainly has the potential to be very positive, although I think

these figures are perhaps a little bit early for that kind of effect to

have fed through. Beyond that, I think the key factor is going to be

the strength of the recovery on continental Europe and around the

world. And back here in the UK. Just how, ultimately, motorists to

respond to the new economic situation we are in. But so far in

this one-month's worth of figures it looks quite upbeat. Great stuff,

thank you, Andrew Walker. So that is encouraging, cars flying off the

forecourt, but not Jimmy Choo shoes, it would seem. Pre-tax profits

plunging to ?2.6 million town from 20 million the previous year. More

on that on our Business Live website, just head online. Hello,

you are watching Business Live. Today we are looking at a damning

report that has come through from UK politicians, saying companies like

Facebook, Twitter, Google are consciously failing to prevent the

use of their websites to prevent terrorism. Let's see how markets are

getting on this morning in Europe, and they are following that downward

trend we saw in Asia and Wall Street overnight. Currently down some 0.5%,

being pulled down again by that metal sector.

By 2019, the global market for home furnishings is forecast to reach

695 billion dollars, with certain trends pushing that demand higher.

One trend is the rise in the number of people working from home,

and with that there is now a growing demand for Home Office furniture.

All this is leading to online furnishings being one

of the the fastest-growing areas in developing markets.

One company looking to disrupt the traditional furniture market

is Eporta which has become the largest brand network

Set up in 2015 Eporta helps trade buyers, such as interior designers,

architects and retailers, to discover new suppliers

and designers, with whom they can liaise directly to negotiate

The number of trade buyers already on Eporta's books are around 2,000.

Eporta currently consists of more than 800 brands in 45 countries

with big brands such as Conran and Roche Bobois on board.

that is the right way to say it, did that get right? Sounded wonderful.

With me is Aneeqa Khan, founder and CEO of Eporta -

a platform for professional buyers, designers and suppliers

that is redefining the interiors industry...

The company has been live for a year that actually it has been going for

about a year and a half. So when you kicked this all off with a friend of

yours, you were 27 years old, just taking quite a life changing

decision, because you had been working in the City of London. Talk

is through the whole process. Quite a big deal? I guess it was a big

deal, changing from that career to starting my own business, but my

background is my parents both have small businesses that they run out

in Manchester, so for me, having your own business was pretty normal.

Having a city career was abnormal in that context so it wasn't worrying

starting a business of my own, it was more living a very good job, a

very good set of jobs, and doing something which I knew would be

difficult basically at the beginning. It was difficult at the

beginning but now, seeing the fruits of the way have done, it means it

has paid off. So far, it's working. Early days, but still, but just to

say why Eporta, why furniture? I do have a passion for furniture. I

think that basically places, nice places in the home and also within

the office just make people happy day today. It is important to have

beautiful surroundings. Back in 2017, two years ago sorry, I bought

a flat in Brixton and was just struggling to find furniture for

that flat. Through trying to find really great pieces, I was wondering

why it was so difficult for me as a consumer, so not as a trade buyer.

So I started exploring the market, going out all the different

boutiques in London and trying to find different suppliers from around

the world, and what I've realised is that the reason I was finding it so

difficult find beautiful pieces was that actually there is a bottleneck

in the trade, and the places I was going, to retail shops, or to

interior designer friends I was reaching out to, it is actually very

difficult for them to access all of the designers and manufacturers

around the world and source from them. Which means it was difficult

for me as a consumer. So we decided there is this beautiful set of

products that are out there from around the world, which no one is

really seeing or not getting enough access to, so why do we create

something that solves that piece, which helps me as a consumer? In

order to get the business up and running involved organising lots of

meetings both here in the UK and also in Europe with potential

suppliers. Doing that at the age of 27, how's that for you? Did you find

that age was a barrier in any way? The first barrier is it is new and

you have nothing to sell effectively, but you are trying to

convince people to come on board, that was by far the biggest barrier.

Age is a barrier if I'm being honest, all it was, now what is

great is that we have a community of people who use us daily, and so

people want to come on board as part of that community. When you are

young, trying to convince someone who might be 20 or 30 years older

than you and been in the industry for 40 years, it was difficult at

the beginning. We are being told to wrap this up but just explain to the

viewers how you make money. Absolutely, we charge a very small

commission to our suppliers each time a product is actually bought

through our platform online. So there is no up front to subscription

charge for any of the brands, which means it is very affordable for

anyone out there. Thank you for coming in, and good luck with the

business. Think beer festival,

and Germany comes to mind... But residents in Pyongyang

are enjoying a pint or two It's brilliant, isn't it? Insights

into what is going on in North Korea. Jane Foley is back, we asked

our viewers would you get into a self driving taxi? Dier yes, I

would, as long as the technology had been proven and we can trust it,

because you know the driver is not going to fall asleep, he will not be

over the limit on alcohol, you won't use his phone, he won't get lost. So

for those reasons... As mine did this morning. But people disagreeing

with you on twitter, Sydney in Scotland says I would never use a

driverless taxi, road or vehicle. And this from India, I would be

scared to sit in one in India because it might just malfunction.

Ski boy in Edinburgh says I might try this check the -- taxi if it is

free of charge. It is free in Singapore today. They are road

testing it. The story in the financial review and elsewhere is

about dominoes pizza launching the true and delivery service in New

Zealand. I don't know if that is a Domino's pizza or something similar.

It is interesting, New Zealand is saying because it is therefore the

only Asian rules. It is something that could happen elsewhere in the

world and the UPS bosses recently asked if it would happen for UPS,

and he laughed it off and said it could happen in countries like

Rwanda, where the roads are not only good but perhaps not in America.

Amazon have the delivery, and several drones heading to your

house, what does that mean? Urban built-up areas? Perhaps not fair,

but you could imagine not in New Zealand but in Australia, if you

were in one of these foreign outposts, then fantastic. It

connects you. Said the man or woman on the scooter could be a thing of

the past, thanks Jane. That is Business Live, we will see you soon.

Good morning. Yesterday in East Anglia, the south-east of England it

was an absolute