25/08/2016 BBC Business Live


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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


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