Browse content similar to 29/03/2017. 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. | :00:11. | |
Today's the day - the UK is set to formally tell | :00:12. | :00:27. | |
the European Union it's leaving, but how prepared are businesses? | :00:28. | :00:32. | |
Live from London, that's our top story on Wednesday, 29th March. | :00:33. | :00:42. | |
With just hours to go we will look at the impact on the UK's role | :00:43. | :00:47. | |
as one of the world's biggest financial centres. | :00:48. | :00:54. | |
We'll assess what's at stake in the trade | :00:55. | :00:56. | |
Also in the programme, Samsung launches its latest | :00:57. | :00:59. | |
After the disaster of its Note 7 fires - | :01:00. | :01:02. | |
will the new device win Samsung headlines for the right reasons? | :01:03. | :01:05. | |
And it is a big day for the politics of Brexit, but not | :01:06. | :01:08. | |
We'll assess what the markets make of today. | :01:09. | :01:18. | |
And we'll get the inside track on the fastest | :01:19. | :01:27. | |
growing publishing market, audiobooks. | :01:28. | :01:28. | |
It's a global industry valued at $3.5 billion and the boss | :01:29. | :01:32. | |
of the biggest company in the business - Audible - is here. | :01:33. | :01:35. | |
As the Brexit process formally gets underway how do | :01:36. | :01:39. | |
Let us know. Just use the hashtag BBCBizLive. | :01:40. | :01:54. | |
Nine months after voting to leave the EU - today begins that process. | :01:55. | :02:07. | |
It kicks off two years of negotiations. | :02:08. | :02:09. | |
And for businesses in the UK and across the continent it's | :02:10. | :02:11. | |
likely to be two years of uncertainty and preparation. | :02:12. | :02:14. | |
In the financial heart of the country, several big banks | :02:15. | :02:16. | |
have threatened to move staff overseas if they don't get | :02:17. | :02:24. | |
Latest figures show it contributes $159 billion a year to the UK | :02:25. | :02:42. | |
economy It employs almost 1.2 million people in UK. | :02:43. | :02:45. | |
It also contributes a trade surplus of nearly $73 billion to the UK's | :02:46. | :02:48. | |
That's to say it brings lots of money into the country. | :02:49. | :02:51. | |
$6.6 trillion worth of financial assets are under | :02:52. | :02:55. | |
Well, one reason it's so high is what's known as passporting . | :02:56. | :03:01. | |
Licences that let banks and other financial firms do business | :03:02. | :03:03. | |
94% of all the licences to do that are held by UK registered firms. | :03:04. | :03:09. | |
Run us through the day for what will turn out to be a pretty historic | :03:10. | :03:24. | |
day? Also a carfully choreographed day, Ben. Theresa May is meeting | :03:25. | :03:26. | |
with the Cabinet at Downing Street. Later on, she will head to the | :03:27. | :03:30. | |
Palace of Westminster to the House of Commons for Prime Minister's | :03:31. | :03:32. | |
Questions and it is after that that she will stand up in the House of | :03:33. | :03:36. | |
Commons to make that long awaited speech saying that she has triggered | :03:37. | :03:40. | |
Article 50 of the Lisbon Treaty which will set off the process of | :03:41. | :03:44. | |
Britain leaving the European Union. As you would probably know, if you | :03:45. | :03:49. | |
have been to any dinner parties around the UK lately, this is a | :03:50. | :03:53. | |
controversial subject so she will make conciliatory remarks. She will | :03:54. | :03:55. | |
say she promises to represent every person in the whole of the UK during | :03:56. | :04:00. | |
the negotiations. Now, whilst she is doing that, our man in Brussels, the | :04:01. | :04:05. | |
UK's permanent representative to the European Union will travel to the | :04:06. | :04:11. | |
Europa Building, the headquarters of the European Council, he will meet | :04:12. | :04:14. | |
with Donald Tusk and he will hand over the letter itself. It has been | :04:15. | :04:19. | |
signed. After that, there maybe a short formal acknowledgement that | :04:20. | :04:22. | |
Article 50 has been received by the council which will appear on their | :04:23. | :04:27. | |
website and Donald Tusk may well tweet. The chief negotiator is | :04:28. | :04:32. | |
expected to tweet during the day and the European Parliament u the heads | :04:33. | :04:35. | |
of the political groups in the European Parliament, they're going | :04:36. | :04:38. | |
to be meeting during the day and they'll come out with a press | :04:39. | :04:44. | |
conference later. So all of this is very carefully choreographed. What | :04:45. | :04:48. | |
happens after that is within 48 hours the European Commission will | :04:49. | :04:52. | |
draw up a negotiating mandate, a draft negotiating mandate which the | :04:53. | :04:56. | |
27 other members of the EU will have to endorse and give permission to | :04:57. | :05:00. | |
the Commission for. Theo, thank you very much indeed. That gives us a | :05:01. | :05:04. | |
sense of the timeline. With us is John Longworth, | :05:05. | :05:09. | |
former director-general of the British Chambers of Commerce | :05:10. | :05:11. | |
but he resigned from that job to I imagine you are excited about this | :05:12. | :05:19. | |
process and it formally beginning, something the Prime Minister was at | :05:20. | :05:22. | |
pains to say late yesterday was, she is looking to broker a deal that | :05:23. | :05:27. | |
will benefit all. High hopes. What are you hoping the outcome will be? | :05:28. | :05:32. | |
Well, benefiting all, of course, means doing what's best for Britain | :05:33. | :05:36. | |
and we're fortunate that the real benefits of Brexit which there are | :05:37. | :05:41. | |
many, can be crystallised entirely by the UK. Entirely independently of | :05:42. | :05:47. | |
the European Union, and actually independently of the single market | :05:48. | :05:50. | |
and the customs union. We have to leave those two institutions in | :05:51. | :05:53. | |
order to get the benefits of Brexit. So whatever happens in the next two | :05:54. | :05:58. | |
years, Britain can make itself the best place in the world to do | :05:59. | :06:02. | |
business which will boost the economy and which will solve a | :06:03. | :06:05. | |
problem of the deficit problems and the balance of employment will | :06:06. | :06:11. | |
improve. So Actually, the UK is in a uniquely good position to have the | :06:12. | :06:15. | |
best deal for Britain. Even if we don't get a free trade arrangement | :06:16. | :06:19. | |
with the EU because a free trade arrangement with the EU is actually | :06:20. | :06:25. | |
icing on the cake, it is by no means important as important as the other | :06:26. | :06:28. | |
things that we can do. Lots of ifs and abouts, aren't | :06:29. | :06:31. | |
there, John and the Chancellor at the time was campaigning for Remain, | :06:32. | :06:35. | |
of course, called it a leap into the dark. A leap into the unknown and it | :06:36. | :06:41. | |
really is, isn't it? It has never been done before. It is | :06:42. | :06:45. | |
unprecedented and we don't know how it's going to turn up. We don't know | :06:46. | :06:49. | |
what will happen in the negotiations. The main part is | :06:50. | :06:55. | |
around sorting out the administrative arrangements twoon | :06:56. | :06:58. | |
the UK and the EU, customs union, border control and so on. That's | :06:59. | :07:03. | |
really very, very technical and a process that we can readily go | :07:04. | :07:09. | |
through. The rest of it actually is very much known because if it is in | :07:10. | :07:13. | |
our gift to actually crystallise those real benefits, removal of the | :07:14. | :07:19. | |
CAP, and repatriation of our net contribution and fisheries and | :07:20. | :07:22. | |
deregulation, all the things that will boost our economy, those are in | :07:23. | :07:26. | |
our gift, it is not a leap into the unknown in that sense because we can | :07:27. | :07:32. | |
do the things we want to do. It does depend how the negotiations go. The | :07:33. | :07:36. | |
horse trading which will go on for months to come and Brussels made it | :07:37. | :07:40. | |
clear it will not be persuaded, it will not be giving the UK an easy | :07:41. | :07:46. | |
exit, it will be a very costly exit and for each particular sector and | :07:47. | :07:50. | |
industry in the UK, it will mean very different things? Well, there | :07:51. | :07:56. | |
is lots of administrative stuff to be sorted out, there is no question | :07:57. | :07:59. | |
about that. There will be a lot of heat and light and the EU will be | :08:00. | :08:06. | |
upset about it because it is the lifeblood of the commission. There | :08:07. | :08:11. | |
is so much more to discuss, John. Thank you for your time this | :08:12. | :08:16. | |
morning, John Longworth. Later on today, there will be | :08:17. | :08:20. | |
special programming about this, but let's tell our viewers how they can | :08:21. | :08:24. | |
get their questions in to us. All sorts of ways of getting in touch | :08:25. | :08:29. | |
with the BBC. If you have got any specific business questions about | :08:30. | :08:31. | |
the implications of Article 50 then let us know. You can use the hashtag | :08:32. | :08:36. | |
there on the screen. We're going to answer your questions on this | :08:37. | :08:40. | |
Friday's edition of Business Live. We will let the dust settle and work | :08:41. | :08:44. | |
out what it means and send us your questions and we'll answer them on | :08:45. | :08:48. | |
Friday. We have been asking whether you think it is good news and bad | :08:49. | :08:52. | |
news, and Ian says, "We will be find in the UK. The world is larger than | :08:53. | :09:00. | |
us, we must set our horizons." One viewer says, "It maybe wise for the | :09:01. | :09:07. | |
individual state, but the long-term consequences could be disastrous." | :09:08. | :09:10. | |
Delta Airlines and Korean Airlines have agreed to form a joint venture | :09:11. | :09:14. | |
to share costs and revenue on flights across the Pacific | :09:15. | :09:17. | |
in a bid to lure customers with more options amid intense competition. | :09:18. | :09:21. | |
Delta will be launching new non-stop service between Atlanta | :09:22. | :09:23. | |
At the same time Korean Air will introduce new services | :09:24. | :09:28. | |
The world's trade association for airlines, IATA, says the US | :09:29. | :09:34. | |
and UK ban on laptops in cabin baggage on some flights is not | :09:35. | :09:37. | |
It says the ban creates commercial distortions and is not | :09:38. | :09:42. | |
The group has also questions why the bans are targeted | :09:43. | :09:47. | |
US President Donald Trump has signed an executive order rolling | :09:48. | :09:57. | |
back Obama's plans aimed at curbing climate change. | :09:58. | :09:59. | |
President Trump said it would put an end to the "war on coal" and end | :10:00. | :10:02. | |
Samsung is due to unveil its latest smartphone later today. | :10:03. | :10:18. | |
It is first since it was forced to recall the Note 7 last year | :10:19. | :10:21. | |
The South Korean firm hasn't released too many details | :10:22. | :10:25. | |
about what we should expect from the S8. | :10:26. | :10:33. | |
This is important for Samsung? Don't mess up. You've got a company which | :10:34. | :10:48. | |
had the last big launch and the phone caught fire and the top man in | :10:49. | :10:53. | |
the company is currently in jail. So away from the razzmatazz in New York | :10:54. | :10:57. | |
and London things are not brilliant for Samsung, but all that will count | :10:58. | :11:02. | |
for nothing without razzmatazz that Steve Jobs with Apple made his own. | :11:03. | :11:07. | |
There will be that kind of fuss, the big questions for the techie people | :11:08. | :11:12. | |
big screen without making the phone big screen without making the phone | :11:13. | :11:18. | |
any bigger? They will take various bits off the current models and make | :11:19. | :11:21. | |
it only screen and find other ways of doing it. There will be a lot of | :11:22. | :11:29. | |
talk amongst the gizmo nerds about besles and all that kind of thing | :11:30. | :11:32. | |
and whether you can talk to it or not, but at the end of it all, | :11:33. | :11:38. | |
Samsung will remember, don't mess up, that's the motto. | :11:39. | :11:44. | |
Steve, thank you very much. Steve Evans in Seoul. We will keep an eye | :11:45. | :11:50. | |
on how things fair for the firm. Some breaking news out of Asia. News | :11:51. | :11:59. | |
that Toshiba's nuclear unit filing for bankruptcy protection. We talked | :12:00. | :12:04. | |
a lot about the woes for the firm. It is the nuclear unit of toe Sheba. | :12:05. | :12:10. | |
It has been facing multi-billion losses as a result of accounting | :12:11. | :12:14. | |
fraud. They should be able to get their financial affairs in order. | :12:15. | :12:18. | |
And then you would hope emerge out of the other side, but it will | :12:19. | :12:22. | |
protect them while they can do that. So news just in toe Sheba's loss-hit | :12:23. | :12:28. | |
nuclear business has filed for bankruptcy protection. More from our | :12:29. | :12:40. | |
teams in Asia on BBC Business Live. The focus will be on sterling. Let | :12:41. | :12:45. | |
me show you what's happening in Europe. A big day, triggering | :12:46. | :12:50. | |
Article 50 later today. Playing out on the markets across the day. | :12:51. | :12:53. | |
Opening up higher, but we will get the real impact when we find out | :12:54. | :12:57. | |
what is happening over the next two years of negotiations. We're in it | :12:58. | :13:01. | |
for the long haul. This is very much the start of the process. Let's head | :13:02. | :13:04. | |
to Wall Street. Samira Hussain has the details about | :13:05. | :13:06. | |
what's ahead on Wall Street Today. Lulu Lemon will be reporting | :13:07. | :13:14. | |
earnings on Wednesday and strong holiday sales will carry the company | :13:15. | :13:18. | |
through their fourth quarter, but investors will be keen to see how | :13:19. | :13:24. | |
the company is planning to deal with the fading popularity of leisure | :13:25. | :13:28. | |
wear and some stiff competition from other players. Finally, the US | :13:29. | :13:33. | |
National Association of Realitiors is expected to report that contracts | :13:34. | :13:38. | |
to buy previously owned homes increased 2.4% in February after | :13:39. | :13:41. | |
falling 2.8% in January. Joining us is Mike Amey, | :13:42. | :13:48. | |
Managing Director and Today is the day, Article 50, | :13:49. | :14:01. | |
historic? Yes, it is. We haven't been here before. So as a fund | :14:02. | :14:06. | |
manager, that's great. It is interesting to see new developments | :14:07. | :14:11. | |
and keeps us on our toes. I guess what is interesting is which markets | :14:12. | :14:16. | |
will react. You can argue it both ways. What we will be looking at as | :14:17. | :14:22. | |
Ben mentioned is the currency. The currency is the one that seems to be | :14:23. | :14:25. | |
most sensitive to the Brexit and whether there will be any kind of | :14:26. | :14:29. | |
deal and in which case sterling will probably go up. If both sides stick | :14:30. | :14:33. | |
to their current negotiating stance it will probably go down actually. | :14:34. | :14:36. | |
What I find really interesting when we talk about Arle 50, markets | :14:37. | :14:42. | |
normally love any sort of rumour, any speculation and they'll go hay | :14:43. | :14:46. | |
wire as a result. Here, we have got lots of speculation and lots of | :14:47. | :14:52. | |
uncertainty and markets are like, we will see how it plays out? You had | :14:53. | :14:58. | |
the initial move down post the 23rd June vote. And then sterling has | :14:59. | :15:04. | |
stuck around those levels, 1.25ish roughly against the dollar. The | :15:05. | :15:08. | |
equity market has done well because sterling has been wack and we wait | :15:09. | :15:13. | |
and see what happens. We're hopefully going to get an indication | :15:14. | :15:18. | |
of what is going to happen. A rarebit of patience on the markets. | :15:19. | :15:23. | |
That never happens. Mike is returning later. We will be tacking | :15:24. | :15:25. | |
travel with Mike. We meet the man behind | :15:26. | :15:33. | |
the audio book giant Audible on its small beginnings, | :15:34. | :15:37. | |
how it pre-empted the iPod and its You're with Business | :15:38. | :15:39. | |
Live from BBC News. Leaving the European Union | :15:40. | :15:46. | |
will potentially have a huge impact on companies here in the UK | :15:47. | :15:48. | |
which produce and export goods. We've been talking to firms | :15:49. | :15:51. | |
in the north of England about how I am Simon. Man, managing director | :15:52. | :16:16. | |
of the Acme whistle company. We saw export about 40% Europe. We are | :16:17. | :16:19. | |
looking east, we must assume things will get harder in Europe, the free | :16:20. | :16:23. | |
market will no longer be for us. There is a tremendous sporting goods | :16:24. | :16:29. | |
market, police market, it is almost another world opening up as they get | :16:30. | :16:33. | |
richer and there is potential for us, difficult though it will be. My | :16:34. | :16:39. | |
name is Paul, I am the managing director. We are an old established | :16:40. | :16:44. | |
ceramics factory, we predominantly supply bottles to the spirits | :16:45. | :16:47. | |
industry all over the world. Product has go to Europe and that may not be | :16:48. | :16:50. | |
a route forward to grow the business. We have put a lot of | :16:51. | :16:55. | |
effort over the last six to nine months at looking at the USA is a | :16:56. | :17:00. | |
real business growth opportunity. The pound dollar relationship and | :17:01. | :17:03. | |
hopefully a free trade agreement going forward will benefit us and | :17:04. | :17:06. | |
our ability to sell into that market place and it is a growing market. My | :17:07. | :17:13. | |
name is Jonathan, we are a specialist flooring manufacturer and | :17:14. | :17:16. | |
we export around the world. To the States, the mainland Europe and also | :17:17. | :17:23. | |
obviously a large market in the UK. Having looked at everything, Brexit | :17:24. | :17:26. | |
actually leaves our strategy unchanged. We will carry on | :17:27. | :17:31. | |
exporting to Europe, exporting to the States and dealing with the UK. | :17:32. | :17:35. | |
With the effect of sterling devaluation, we have become so much | :17:36. | :17:40. | |
more competitive that our sails into Europe have become even better for | :17:41. | :17:44. | |
us. So for us, steady as she goes, exports into Europe stay unchanged. | :17:45. | :17:50. | |
This afternoon, Daily Politics presenter Andrew Neil will be | :17:51. | :17:56. | |
interviewing exclusively Prime Minister Theresa May, this afternoon | :17:57. | :17:59. | |
at Downing Street. You're watching Business Live - | :18:00. | :18:29. | |
our top story - Britain is finally set to formally to tell | :18:30. | :18:34. | |
the European Union it's leaving. The pound has been falling | :18:35. | :18:37. | |
and Chancellor Philip Hammond has told the BBC a trade deal will be | :18:38. | :18:39. | |
done. Looking at markets in Europe, these | :18:40. | :18:55. | |
are the share markets, all up slightly today following a good | :18:56. | :18:57. | |
session on Wall Street the night before, and in Asia. | :18:58. | :19:00. | |
Now we're going to get the inside track on a business | :19:01. | :19:02. | |
Audible was founded in 1995, and is now the world's biggest | :19:03. | :19:07. | |
It was bought by Amazon in 2008 for around $300 million. | :19:08. | :19:13. | |
The company now has over 300,000 titles in its library and serves | :19:14. | :19:16. | |
millions of customers from 16 global hubs. | :19:17. | :19:23. | |
From 2007 to 2017, a large chunk of Audible's revenue came | :19:24. | :19:27. | |
from its exclusive tie up with the Apple app store. | :19:28. | :19:30. | |
But in January that deal came to an end after pressure | :19:31. | :19:32. | |
from regulators in Germany and the European Commission. | :19:33. | :19:34. | |
Don Katz is the founder and Chief Executive of Audible | :19:35. | :19:37. | |
Welcome to Business Live. You and I have met before, we cover what have | :19:38. | :19:48. | |
talked about but it was a few years ago. Somewhere on this show. I | :19:49. | :19:52. | |
remember the story of how you started out the career, because you | :19:53. | :20:01. | |
were a journalist... Rolling Stone magazine's corresponded in London. | :20:02. | :20:09. | |
-- correspondence. My wife talks about a nontoxic midlife crisis that | :20:10. | :20:14. | |
changed into a business experience. So how do you move from that running | :20:15. | :20:21. | |
a company that is the business -- biggest in the industry? In my case, | :20:22. | :20:27. | |
I wrote books, as did all of my Rolling Stone and new Republic | :20:28. | :20:30. | |
colleagues of those years and we could not give our readers time to | :20:31. | :20:36. | |
read. We were writing into the same general market, what we did at | :20:37. | :20:40. | |
Audible is unleashed all this time he can't use your eyes to look at a | :20:41. | :20:45. | |
screen or read to effectively read. We have millions of people listening | :20:46. | :20:52. | |
right now, we will project $2.6 billion of hours. It is an | :20:53. | :20:58. | |
incredibly habituated way of using your time to read. The distinction | :20:59. | :21:05. | |
between textual reading and listening to welcome prose | :21:06. | :21:07. | |
literature, and believe me this is performed by very high level actors | :21:08. | :21:11. | |
at this point, it is nonexistent at this point. The time people have is | :21:12. | :21:16. | |
in the time they are exercising or driving, and they are filling it | :21:17. | :21:21. | |
with... Our average listener gets two hours per day of listening in | :21:22. | :21:26. | |
the Audible, which makes it the stickiest media service there is. It | :21:27. | :21:29. | |
is fair to say your business has been changed by technology, it first | :21:30. | :21:35. | |
began with CDs, physical media, and then downloads, and you pre-empted | :21:36. | :21:41. | |
the iPod. We commercialise the first digital player in 1997, developing | :21:42. | :21:45. | |
it from late 95 when it was founded. It was four and a half years before | :21:46. | :21:49. | |
the iPod came out. We were way ahead, perhaps most businesses don't | :21:50. | :21:53. | |
survive that are that off in terms of being too early, but it gave us | :21:54. | :21:57. | |
an amazing amount of learning and an edge and understanding how powerful | :21:58. | :22:02. | |
the spoken word could be, if you unleashed it with really strong | :22:03. | :22:05. | |
technology and then added these incredible powerful performances. At | :22:06. | :22:11. | |
this point, it is why not do Audible? If you can have Andy Newton | :22:12. | :22:15. | |
Lee or Colin Firth or Stephen Fry to read you a book, it harks back to | :22:16. | :22:19. | |
all the pleasures of childhood. You can watch all of those on a screen | :22:20. | :22:24. | |
now and very easily with the wide use of tablet everywhere by all | :22:25. | :22:31. | |
ages. Has that hit you? All of our technology is compliant with | :22:32. | :22:35. | |
tablets, we even have a technology that allows you to read, but Daniel | :22:36. | :22:41. | |
Talbot, and the Audible picks up where you have left. So the amount | :22:42. | :22:47. | |
of money you are making will not be hit by that move? This is really | :22:48. | :22:51. | |
about taking the hundreds of millions of hours per week that | :22:52. | :22:55. | |
people's eyes are occupied and imbuing it with value they've never | :22:56. | :22:59. | |
thought they would have. We have run out of time, thank you so much for | :23:00. | :23:05. | |
coming in. Good to see you. We are going to stay with the technology | :23:06. | :23:06. | |
theme. Two British schoolgirls have | :23:07. | :23:14. | |
qualified for the robotics World Championship in | :23:15. | :23:16. | |
the United States with a robot They will be taking Roy the robot | :23:17. | :23:18. | |
to Kentucky after winning I am Beth and I am eight years old. | :23:19. | :23:38. | |
I am Emily and I am nine years old. We built Roy the robot. He drives an | :23:39. | :23:42. | |
eight foot grid and he has a four bar left that lifts up walls, sets | :23:43. | :23:48. | |
in the scoring zone, and in the middle of the eight foot grid, there | :23:49. | :23:53. | |
is a bridge, and Roy has the balance there with other robots. We are | :23:54. | :24:01. | |
hoping to take Roy to America. We are representing the UK. It is the | :24:02. | :24:05. | |
World Championships and there are 500,000 other teams to compete with, | :24:06. | :24:12. | |
and they are the best of the whole world. | :24:13. | :24:15. | |
Go for it, girls. We asked you what you thought would be the outcome of | :24:16. | :24:22. | |
Brexit. The deal, bad deal, or no Deal. Nothing like Brexit to get | :24:23. | :24:27. | |
people talking and nailing their views to the mast. Lots we can't | :24:28. | :24:31. | |
read out. This one says we are screwed, Theresa May is purely | :24:32. | :24:34. | |
honouring her mandate but there could be problems later down the | :24:35. | :24:39. | |
line. Ian says we are getting our country back, wonderful day, believe | :24:40. | :24:44. | |
we will be getting. Mike is back, let's talk travel. Many think about | :24:45. | :24:47. | |
where they are going to their holidays and for some it would seem | :24:48. | :24:51. | |
that Turkey and places like Egypt are back on the radar. Indeed. | :24:52. | :24:55. | |
Interesting to see how these things develop because the weakness in the | :24:56. | :25:00. | |
pound creates new challenges for going on holiday to Europe so the | :25:01. | :25:03. | |
classic destinations of Spain under pressure. The Turkish lira is very | :25:04. | :25:09. | |
weak. And the Egyptian pound has been under some pressure as well so | :25:10. | :25:11. | |
it looks as though the first indications that people are moving | :25:12. | :25:16. | |
back into those countries, yes. You might go on holiday on a plane built | :25:17. | :25:21. | |
from something different? Sir Richard Branson is predicting that | :25:22. | :25:26. | |
planes could be made by graphene within the next ten years. We have | :25:27. | :25:30. | |
talked a lot about that, it is this one the material. A super thin | :25:31. | :25:38. | |
material that is 200,000 times stronger than steel and a thousand | :25:39. | :25:45. | |
times lighter than paper apparently. The cost of getting people wherever | :25:46. | :25:49. | |
you go is the fuel, so the less you can do that is better and better for | :25:50. | :25:53. | |
the environment as well. Mike, thank you for being with us, Article 50 | :25:54. | :25:59. | |
day. A busy day, the big day for everyone, full coverage across the | :26:00. | :26:00. | |
BBC. See you soon, goodbye. | :26:01. | :26:05. |