09/09/2016

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:00:00. > :00:11.This is Business Live from BBC News with Alice Baxter and Sally Bundock.

:00:12. > :00:18.South Korea's shipping firm hand Jim has been in troubled waters since it

:00:19. > :00:22.filed for receivership last week. The question everyone is asking,

:00:23. > :00:25.what is happening to the $14 billion of goods stranded at sea?

:00:26. > :00:48.Live from London, that's our top story on Friday 9th September.

:00:49. > :00:58.Our BBC team stakes out 18 -- stakes out a ship belonging to Hanjin.

:00:59. > :01:01.Can Switzerland lead the way for post-Brexit Britain?

:01:02. > :01:03.We have a special report from our Economics Editor, who's

:01:04. > :01:06.been to see how their relationship with the EU works.

:01:07. > :01:15.And we will bring you up to speed with the markets, where European

:01:16. > :01:18.shares are listening to Asia shares, Tokyo's benchmark, that earlier loss

:01:19. > :01:28.and disappointment about what we heard from the ECB yesterday.

:01:29. > :01:30.Later we'll be speaking to our business editor Simon Jack,

:01:31. > :01:34.who'll be rounding up the top business stories of the week

:01:35. > :01:36.including what lies ahead for the impressively moustachioed

:01:37. > :01:40.We're talking about F1 today and current boss Bernie Ecclestone

:01:41. > :01:41.says it's got boring and predictable.

:01:42. > :02:02.A very warm welcome to dupe. The recent failure of the world's

:02:03. > :02:09.seventh largest container carrier, Hanjin Shipping, has had huge

:02:10. > :02:15.implications. The world depends heavily on the shaping of things we

:02:16. > :02:21.rely on, from frozen meat to furniture and clothes.

:02:22. > :02:24.The global logistics market for both shipping and air freight

:02:25. > :02:32.The collapse of Hanjin has left about $14 billion worth

:02:33. > :02:38.With Hanjin's future in doubt, carriers have announced

:02:39. > :02:40.they will raise container freight rates by as much as 50%

:02:41. > :02:44.The collapse of Hanjin Shipping will unboubtedly increase the cost

:02:45. > :02:46.to businesses and consumers around the world on a variety

:02:47. > :02:50.One of the stranded ships, Hanjin Rome, is in Singapore waters

:02:51. > :02:54.- where the BBC's Sharanjit Leyl went to track it down.

:02:55. > :02:56.What I know about this ship is that it was seized

:02:57. > :03:06.Now, there's no sign of crew on board, but this vessel,

:03:07. > :03:08.like many other Hanjin ships stranded around the

:03:09. > :03:12.This particular ship is awaiting a court decision on its fate.

:03:13. > :03:15.Meanwhile, there's only food and water on board to last the crew

:03:16. > :03:25.We want to know the fate of your ship, and also of yourself

:03:26. > :03:31.and your crew, because Hanjin Shipping has filed for bankruptcy.

:03:32. > :03:39.Do they have enough food and water to last them a few weeks?

:03:40. > :03:53.If there is no confirmation from Singapore city then you cannot come

:03:54. > :03:55.on board. Now, we have waited nearly an hour

:03:56. > :03:59.now to get on board that ship, and we've tried the various

:04:00. > :04:01.authorities to seek permission. But what we do know is the captain's

:04:02. > :04:06.phone number, so I'm hoping to be able to call him and follow up

:04:07. > :04:10.a little bit more on the fate of his crew and the

:04:11. > :04:16.fate of his ship. That was our team in Singapore

:04:17. > :04:24.giving us a sense of the practicalities of the situation.

:04:25. > :04:27.Mariko is in our bureau there. We have been talking about this for

:04:28. > :04:30.over a week but we are getting a sense of what it means not just for

:04:31. > :04:33.the company but for many companies around the world with their goods

:04:34. > :04:39.stranded at sea. Exactly, Sally. I'm not sure if many

:04:40. > :04:43.of the viewers had even heard of Hanjin until the company filed for

:04:44. > :04:50.receivership last week, because it is not exactly a household name, is

:04:51. > :04:54.it? But it is the world's seventh biggest container carrier and if you

:04:55. > :04:57.think it is not going to affect you, it could because many of the

:04:58. > :05:03.stranded cargoes are destined for the Christmas market in the US and

:05:04. > :05:09.EU, and, as a result, as you can imagine, a lot of companies are

:05:10. > :05:14.concerned, and electric giant from South Korea has said that it has

:05:15. > :05:18.goods worth $14 million on Hanjin ships and it is considering

:05:19. > :05:23.chartering planes to get those goods to its customers in the US.

:05:24. > :05:27.So how is this likely to play out? We know the Government in South

:05:28. > :05:30.Korea have been talking to try to bail-out the company, what is the

:05:31. > :05:36.latest on the state of the company itself?

:05:37. > :05:41.The biggest shareholder in Hanjin Shipping is Korean airlines and the

:05:42. > :05:44.company has postponed its decision on a funding plan for the second

:05:45. > :05:52.time today, the company's board is meeting tomorrow but as these

:05:53. > :05:56.discussions continue, the company is still seeking funds to rescue those

:05:57. > :06:01.cargoes, as you mentioned the South Korean Government is also involved,

:06:02. > :06:05.saying Government backed creditors could rescue them if collateral was

:06:06. > :06:10.provided and the company is currently considering that. It has

:06:11. > :06:17.just been ongoing for days, weeks, possibly, but all the companies and

:06:18. > :06:20.consumers as well are starting to get quite worried about what the

:06:21. > :06:26.impact will be on them. Thanks very much.

:06:27. > :06:31.Airline passengers have been warned by US authorities not

:06:32. > :06:36.to switch on or charge their Samsung Galaxy Note 7 phones

:06:37. > :06:40.The Federal Aviation Administration also advised against packing

:06:41. > :06:45.the phones into any checked-in luggage.

:06:46. > :06:48.Samsung recalled the phone last week after reports emerged of the device

:06:49. > :06:52.Qantas and Virgin Australia have also told customers not to charge

:06:53. > :07:05.US bank Wells Fargo has been fined $185 million

:07:06. > :07:07.for illegally opening accounts to boost sales targets.

:07:08. > :07:12.The cash will go to regulators while the bank will also hand

:07:13. > :07:15.The regulator accused it of "widespread illegal practice"

:07:16. > :07:16.around account openings, sales targets and

:07:17. > :07:23.Online accommodation site Airbnb is introducing a new policy

:07:24. > :07:27.to combat reports that black people are less likely to get rooms.

:07:28. > :07:29.The move includes reducing the prominence of photos,

:07:30. > :07:33.introducing new technology, and asking users to sign

:07:34. > :07:41.A study last year found that people with names that suggested they were

:07:42. > :07:49.Many customers have also complained about the issue.

:07:50. > :07:54.We will be talking about this a bit more in the papers later on.

:07:55. > :07:58.The former president of Switzerland has told the BBC that her country

:07:59. > :08:02.and the UK should collaborate to get a new deal

:08:03. > :08:07.with the EU on freedom of movement with access to the single market.

:08:08. > :08:09.Switzerland is currently trying to negotiate with the EU

:08:10. > :08:11.after the country rejected free movement of people

:08:12. > :08:19.Our economics editor, Kamal Ahmed, reports from Geneva.

:08:20. > :08:26.It's a country viewed as quiet, serene, but beneath the picturesque

:08:27. > :08:28.exterior Switzerland has been split by protests over immigration

:08:29. > :08:32.Concerns are so strong, in 2014 it voted against freedom

:08:33. > :08:45.This small country, wholly surrounded by EU member states,

:08:46. > :08:51.has suddenly discovered it could be a player in Britain's Brexit debate.

:08:52. > :08:54.This is a beautiful town that is in the heart of an area

:08:55. > :08:56.of Switzerland that voted most heavily against freedom of movement.

:08:57. > :08:59.It may not look much like Britain, but the concerns here are very

:09:00. > :09:02.Worries about immigration, worries about jobs, worries

:09:03. > :09:17.about who exactly controls the border with the European Union.

:09:18. > :09:19.The former president of Switzerland knows well

:09:20. > :09:21.how hard it is trying to negotiate with the EU.

:09:22. > :09:24.She says it is time for her country and Britain to join forces.

:09:25. > :09:27.The European Union is very rigid on the question of freedom

:09:28. > :09:31.of movement, and I think if the European Union

:09:32. > :09:37.doesn't integrate diversity inside its institution it

:09:38. > :09:44.Ladies and gentlemen, we are now arriving at the main station...

:09:45. > :09:50.From Geneva to Zurich to talk to the man who negotiated

:09:51. > :09:51.Switzerland's major trade deals with the EU.

:09:52. > :09:54.Could there be movement on the freedom of movement?

:09:55. > :09:59.I think the basic problem is what I call the binary problem.

:10:00. > :10:05.You are either fully in or fully out, and this does not serve

:10:06. > :10:07.the interests, I think, neither of the European Union

:10:08. > :10:20.I'm sure Brexit is sort of a catalyst for contributing

:10:21. > :10:23.to the debate, whether the EU has to become more flexible.

:10:24. > :10:26.Theresa May knows she is going to need allies if she is going to get

:10:27. > :10:30.And here in Switzerland she has a willing partner.

:10:31. > :10:33.I've been told that Swiss diplomats have already been dispatched

:10:34. > :10:37.to London to look at opening lines of communication.

:10:38. > :10:41.There is a willingness to co-operate on limiting the freedom of movement

:10:42. > :10:43.and retaining legal sovereignty and working on those

:10:44. > :10:46.When it comes to tackling the European Union, it does

:10:47. > :11:00.appear that two voices may well be louder than one.

:11:01. > :11:04.Let's get a quick check on markets, and in Asia we saw shares extend

:11:05. > :11:07.losses after North Korea conducted its fifth and most

:11:08. > :11:09.powerful nuclear test on Friday, heightening geopolitical tensions

:11:10. > :11:16.In Tokyo, shares closed flat despite speculation that the Bank

:11:17. > :11:27.of Japan may expand stimulus measures.

:11:28. > :11:33.Also want to mention oil - prices have pulled back from two-week

:11:34. > :11:35.highs on some profit-taking after settling more than 4%

:11:36. > :11:37.higher a day earlier, that's following a surprisingly

:11:38. > :11:49.Here in Europe, shares have followed Asia.

:11:50. > :11:51.And Michelle Fleury has the details about what's ahead

:11:52. > :12:02.When people talk about inflation, food prices are often mentioned.

:12:03. > :12:04.This Friday, the American supermarket operator Kroger reports

:12:05. > :12:08.Its profits are expected to take a hit due to falling grocery prices.

:12:09. > :12:11.Tough competition across the US has apparently made the trip to

:12:12. > :12:22.Low inflation in the US is of course one of the things that has been

:12:23. > :12:24.keeping the Federal Reserve from raising the interest rates.

:12:25. > :12:26.Apple's stock dragged US markets lower on Thursday,

:12:27. > :12:28.one day after the technology giant unveiled its new iPhone

:12:29. > :12:32.Will investors take another look at the stock this Friday?

:12:33. > :12:34.And, on the economic front, data from the US Commerce Department

:12:35. > :12:36.is likely to show that wholesale inventories have

:12:37. > :12:44.Joining us is Jeremy Stretch, head of currency strategy

:12:45. > :12:56.Nice to see you. Lots of little bits out there today, what grabbed my

:12:57. > :12:59.attention was these German export numbers, pretty nasty year-on-year

:13:00. > :13:09.fall of nearly 10%. Also imports as well falling quite a bit, 6.5% down.

:13:10. > :13:13.Not good, is it? It is not, it is reflective of the deceleration we

:13:14. > :13:16.have seen over the last 12 months in the global economy, not just

:13:17. > :13:20.uncertainty in the UK with the Brexit debate but deceleration in

:13:21. > :13:25.other external markets, China, always a big variable in that

:13:26. > :13:28.context. The numbers are not particularly encouraging for

:13:29. > :13:31.Germany, which is reliant on its export engine, and not good for

:13:32. > :13:35.Europe as a whole because without Germany the rest of the Eurozone

:13:36. > :13:45.will have a much slower rate of growth. And this is the morning

:13:46. > :13:50.after no action from Marion druggie? He was trying to show his efforts

:13:51. > :13:55.are working and when the ECB announced in a show yesterday... How

:13:56. > :13:59.do you announce in oche at?! It is an oxymoron! The growth forecasts

:14:00. > :14:07.they backed it up with were only modestly revised down for next year

:14:08. > :14:10.and the after to 0.6, which does not sound like a great number but the

:14:11. > :14:14.growth trajectory is sufficiently low that it is not below trend

:14:15. > :14:19.growth anyway, and that underlines the structural problems that the

:14:20. > :14:22.Eurozone continues to face. Jeremy, you are going to look at the papers

:14:23. > :14:24.with us later on, thank you very much.

:14:25. > :14:28.Apple - we review the company's latest offerings, as the tech giant

:14:29. > :14:30.seeks to reignite sales of its flagship product amid

:14:31. > :14:38.You're with Business Live from BBC News.

:14:39. > :14:40.One company boss for which Brexit held few fears was JD

:14:41. > :14:45.The pub chain has just announced full-year results,

:14:46. > :14:52.and has seen its pre-tax profits rise 12.5% to ?66 million.

:14:53. > :14:55.The chairman, who was a very vocal Leave campaigner,

:14:56. > :14:57.used his company's full-year results to attack experts who forecast

:14:58. > :15:00.trouble "often in lurid terms" for the economy in the event

:15:01. > :15:04.Tim Martin of JD Wetherspoon joins us now from the

:15:05. > :15:09.What do you make of the numbers, talk us through them? I think they

:15:10. > :15:13.are a pretty good set of numbers. We haven't shot the lights out, we're

:15:14. > :15:16.not Microsoft or Apple, unfortunately. But other pub

:15:17. > :15:20.company, we've done pretty well. We've had two or three years of good

:15:21. > :15:26.like to like sales, growth around 3% with inflation zero to one. The last

:15:27. > :15:32.few weeks have been pretty good, too. Pretty solid, coming from one

:15:33. > :15:38.pub, 37 years ago, the 1.6 billion or so of sales. We dust want to keep

:15:39. > :15:43.on rocking for another 37 years, I will be talking on this show when

:15:44. > :15:50.I'm 98 with a bit of luck! You were a very prominent Brexiteer. Just

:15:51. > :15:55.talk us through how USS the state of the UK economy -- how do you assess.

:15:56. > :16:01.The prognosis for the economy was poor. The astonishing thing is the

:16:02. > :16:08.contrast between forecasts not from flotsam and but from the biomass,

:16:09. > :16:12.the OECD, the Treasury, George Osborne, the Chancellor of the

:16:13. > :16:15.Exchequer and so on -- the IMF. They all said it was going to be

:16:16. > :16:19.terrible, unemployment was going to go up and house prices were going to

:16:20. > :16:23.go down, mortgage rates was going to go up. The opposite has happened.

:16:24. > :16:30.Excuse me for interrupting, it is Sally in the studio with Alice. It

:16:31. > :16:35.is early days let's be honest. Negotiations haven't begun. If we

:16:36. > :16:40.don't get the right deal, it could be very bad news in the UK economy,

:16:41. > :16:43.including your company? The point is, the emphasis from all those

:16:44. > :16:47.people was on the early days. The second scares stories that if we

:16:48. > :16:53.don't get a trade deal with the EU it will be terrible for the economy.

:16:54. > :16:59.Your financial or economics editor has just said that in Switzerland,

:17:00. > :17:02.that is not true. We have got no trade deal with the United States of

:17:03. > :17:08.America, we do massive trade with them. And we have a trade service,

:17:09. > :17:12.we doing credibly well. These negotiations, looking for a trade

:17:13. > :17:17.deal, you are stuffed. We have two interrupted, I'm sorry, Tim Barter

:17:18. > :17:18.and of JD Wetherspoon. -- we have two interrupted. -- Tim Martin.

:17:19. > :17:23.South Korean shipping line Hanjin is struggling to raise money

:17:24. > :17:25.to pay its creditors after filing for bankruptcy last week.

:17:26. > :17:28.Around $14 billion of cargo is stranded on their ships around

:17:29. > :17:32.the world, as ports refuse to work for the company because they fear

:17:33. > :17:47.A quick look at how markets are faring....

:17:48. > :17:53.They are all trading fairly flat, currently a negative territory

:17:54. > :18:04.following a fairly flat session in Asia overnight. This follows the

:18:05. > :18:09.decision by Marion Draghi to leave the ECB unchanged.

:18:10. > :18:12.It's the end of the week, I've got the Friday feeling!

:18:13. > :18:14.Let's look back at the business week now.

:18:15. > :18:17.There's been lots going on, from Brexit trade talks to reshaping

:18:18. > :18:27.Here to talk about it we are joined by our Business Editor, Simon Jack.

:18:28. > :18:34.Really good to talk to you. Let's get your reaction first of all the

:18:35. > :18:38.JD Wetherspoon boss Tim Martin. We were just talking to him. Our global

:18:39. > :18:43.viewers may not have heard that interview, they will not have seen

:18:44. > :18:46.that part of the programme. He was giving his comments about what

:18:47. > :18:50.Brexit means for our economy, it is quite interesting to get these very

:18:51. > :18:53.differing views. Governor of the Bank of England has been having this

:18:54. > :18:58.problem this week, as we look back on it now. A lot of people thought

:18:59. > :19:05.and there were warnings, as Tim Martin was saying, if we leave there

:19:06. > :19:07.is going to be a profound and sudden shock to the system economically.

:19:08. > :19:10.What has actually happened is the economic figures for July, you know,

:19:11. > :19:15.everybody got a little bit, and then when the figures came through for

:19:16. > :19:19.August, the sky didn't fall in. The sun is still shining, we're still

:19:20. > :19:24.shopping. Exactly, we are still putting on the barbecue, life goes

:19:25. > :19:27.on. They said, all of these dire warnings that we had from the IMF

:19:28. > :19:32.and George Osborne, they cried wolf about the economy. In fact, the Bank

:19:33. > :19:34.of England was accused, because it took remedial action almost

:19:35. > :19:39.immediately, it lowered interest rates, said it would lower them

:19:40. > :19:42.further, started printing more money. It's through a few cautions

:19:43. > :19:46.around so we didn't have too many bumps or bruises. They were accused

:19:47. > :19:51.of overreacting -- it through a few cautions. The Bank of England

:19:52. > :19:54.governor came out and said actually, I'm unrepentant about this, if there

:19:55. > :20:00.is a risk about doing to the all too much, I've rather do too much and

:20:01. > :20:03.see what happens. It's very early days yet, we haven't left the

:20:04. > :20:07.European Union, we will probably be in it for years. We don't though

:20:08. > :20:12.what the truth is yet, nobody knows at this point. Exactly, negotiations

:20:13. > :20:15.haven't started yet. Donald Tusk from the European Union was with

:20:16. > :20:19.Theresa May yesterday, saying, we would like you to get a move on. At

:20:20. > :20:22.the moment, everybody is saying, we don't really want to chat to you

:20:23. > :20:27.until you start, and we're saying that we don't want to start until we

:20:28. > :20:32.have a chat. There is an impasse. Another big story this week was

:20:33. > :20:38.Formula 1, getting bought by this big US media company Liberty Media.

:20:39. > :20:41.I want to read some comments from viewers, because we asked them, in

:20:42. > :20:48.the wake of a comment from the boss of Red Bull, whether Formula 1 has

:20:49. > :20:52.got boring. Somebody said, Formula 1 is predictable and boring, just like

:20:53. > :21:01.Bernie Ecclestone, he needs to go. But he is not going, and he is 86.

:21:02. > :21:04.He is 85. Anyway, he has run it for 48 years. It looks like you will

:21:05. > :21:08.still be in charge. He echoed some of the comments. Back in February,

:21:09. > :21:12.he said it has gone a bit boring. He wants to put the person in pole

:21:13. > :21:16.position back in tenth place. I think they are in the couple of

:21:17. > :21:22.problems. It has been a fantastic investment for the private equity

:21:23. > :21:26.group. But it doesn't do very well in the US. It is finding it hard to

:21:27. > :21:30.attract younger viewers. People do get a bit sick of it, like whoever

:21:31. > :21:35.has got the best car tends to win the race. It is dominated, isn't it,

:21:36. > :21:40.by the teams. They are not very good on the digital side. The idea that

:21:41. > :21:44.the media company, run by John Malone, and Chase Carey, who is

:21:45. > :21:49.going to be the new chairman, one-time lead tenant of Rupert

:21:50. > :21:53.Murdoch. They know how to appeal to new audiences. Hopefully they will

:21:54. > :21:57.be able to unlock a bit more value. Viewers say that they need to make

:21:58. > :22:02.it better, involve the young, change the rules. Jessica says, revamp the

:22:03. > :22:05.F1 teams, designed their own taxis, get the same engines in, which ends

:22:06. > :22:10.up in the single team dominating all the time -- chasse is. Jessica is

:22:11. > :22:15.obviously a keen follower. I like this one from Barry, Formula 1 is

:22:16. > :22:21.like standing on a bridge on the M25, very boring! You know what, it

:22:22. > :22:25.is fantastically popular all around the world, although not particularly

:22:26. > :22:29.in the US. I think bringing in the Americans, they hope they can unlock

:22:30. > :22:34.that and creates a more money. Thank you, Simon, have a great weekend.

:22:35. > :22:37.M25, terrible motorway, it goes round London, if you don't know.

:22:38. > :22:40.In a moment we'll take a look through the Business Pages.

:22:41. > :22:45.But first, here's a quick reminder of how to get in touch with us.

:22:46. > :22:51.The Business Live pages where you can stay ahead with all the Daybell

:22:52. > :22:55.smack breaking business news. We will keep you up-to-date with all

:22:56. > :23:00.the latest details, -- you can keep ahead with all the day's breaking

:23:01. > :23:03.news. We want to hear from you, too. Get involved on the BBC Business

:23:04. > :23:25.Live web page slash business. As you can see, Jeremy has rejoined

:23:26. > :23:29.us. A lot of it is dominated by Apple in the papers. So many angles

:23:30. > :23:33.on the launch of the new iPhone yesterday, but also other

:23:34. > :23:36.announcements, the second Apple Watch, this kind of thing. This

:23:37. > :23:41.article in the Financial Times talks about the fact that Apple sneaked in

:23:42. > :23:44.a price rise in the UK. Sneaking in a price rise on the day of a big

:23:45. > :23:49.product launch is an interesting one. It was a good day to release

:23:50. > :23:52.bad news, I think. We didn't notice yesterday, but were catching up

:23:53. > :23:56.today. What is this price rise? Apple are mindful of the fact that

:23:57. > :24:02.when they sell the product in the UK, when they translate the revenues

:24:03. > :24:05.back into the home boundary, wherever they domicile that, they

:24:06. > :24:07.are not getting as much revenue as they would have done because of the

:24:08. > :24:12.movement in Stirling. In a sense, you can argue that the wake of the

:24:13. > :24:16.Brexit vote, the substantial repricing of sterling, the financial

:24:17. > :24:21.markets, there has been instability, but sterling has stayed much weaker

:24:22. > :24:25.than the Brexit. That is causing an impact on profitability, prices are

:24:26. > :24:29.being raised. Normally in the wake of the big product launch, we can

:24:30. > :24:35.expect the company to reduce prices on its older products. Indeed, you

:24:36. > :24:38.can often see that. You can see price dislocation between the new

:24:39. > :24:42.and the older products. But in a sense, the company have recognised

:24:43. > :24:45.that in order to maintain revenues or maintain margins, that is really

:24:46. > :24:50.what we are seeing here. That is what we will see in the number of

:24:51. > :24:52.industries, and margins Gui is because of the influences of

:24:53. > :24:59.sterling. The question is, how do the companies reflect that? -- a

:25:00. > :25:03.margin squeeze. Will they push that through to the consumer? Airbnb is

:25:04. > :25:07.an interesting story as well. It is being accused of not doing enough to

:25:08. > :25:13.fight discrimination that was emerging via its site that enables

:25:14. > :25:18.you to rent a flat or a room for a short period or a long period. It

:25:19. > :25:22.was accused of being racist. It was found that people who had clearly a

:25:23. > :25:26.name that meant they were perhaps of Black origin, or their picture on

:25:27. > :25:30.the system, they were not being offered accommodation. Airbnb

:25:31. > :25:34.accused of not doing enough about this to fight the issues. Indeed, it

:25:35. > :25:40.is once again sad to have to report on a story such as this. There is an

:25:41. > :25:43.ongoing issue about people trying to pull back from renting their rooms

:25:44. > :25:48.or their properties to certain individuals. It looks as if the

:25:49. > :25:51.company are trying to combat that, not by removing photos in

:25:52. > :25:54.particular, that is one issue, but trying to block people looking at

:25:55. > :25:55.alternative bookings at the same time as blocking others. Thank you,

:25:56. > :25:59.Jeremy. There will be more business news

:26:00. > :26:04.throughout the day on the BBC Live web page and on World Business

:26:05. > :26:12.Report. We will see you again next week.

:26:13. > :26:16.Good morning. And area of low pressure is heading our way from the

:26:17. > :26:19.Atlantic. That is turning things wet and windy, particularly so in the

:26:20. > :26:22.north-west of the UK. We will all see some rain in the next 24 hours

:26:23. > :26:23.or so. You