Browse content similar to 30/03/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Sally Bundock and Ben Thompson. | :00:00. | :00:00. | |
A $600 billion trade relationship must be re-drawn. | :00:07. | :00:13. | |
Live from London, that's our top story on Thursday 30th March. | :00:14. | :00:39. | |
With Article 50 now finally triggered, we'll be looking | :00:40. | :00:41. | |
at what the options are for the trade negotiators | :00:42. | :00:44. | |
The world's biggest insurance market confirms it's moving some | :00:45. | :00:52. | |
of its business to the continent in response to Brexit. | :00:53. | :00:54. | |
And can a tech firm that makes lists really be | :00:55. | :01:01. | |
We meet the man behind Listable - the firm that promises to make | :01:02. | :01:13. | |
Today we want to know, What are your questions | :01:14. | :01:28. | |
We'll be answering your questions on this Friday's | :01:29. | :01:33. | |
We start of course with Brexit - as the massive task now begins | :01:34. | :01:55. | |
of agreeing the terms of Britain's departure from the European Union. | :01:56. | :01:59. | |
There's a huge amount at stake for businesses here in the UK - | :02:00. | :02:02. | |
and across the remaining 27 EU countries in the form of a trading | :02:03. | :02:10. | |
relationship worth hundreds of billions of dollars a year. | :02:11. | :02:12. | |
A failure to strike a trade deal would be damaging to all sides. | :02:13. | :02:16. | |
In 2015 the UK exported $274 billion worth | :02:17. | :02:27. | |
That's 44% of all the UK's exports and represents 13 percent | :02:28. | :02:34. | |
The EU exports far more to the UK than vice versa - | :02:35. | :02:44. | |
So it runs a large trade surplus over $80 billion with the UK. | :02:45. | :02:52. | |
So you can argue it has more to lose in negotiations. | :02:53. | :02:57. | |
But the EU as a whole is far less reliant on Britain | :02:58. | :03:04. | |
Just 16% of all EU exports come here and they account for barely | :03:05. | :03:10. | |
Of course different countries and industries are more reliant | :03:11. | :03:18. | |
Germany's car industry is one that has a huge amount to lose as does | :03:19. | :03:25. | |
Anne Marie Martin is Chief Executive of the Council of British Chambers | :03:26. | :03:33. | |
Good morning. Welcome. Sally running through the numbers and this is the | :03:34. | :03:46. | |
start of the long process when it starts coming down to who says what | :03:47. | :03:50. | |
and who is prepared to give what. What happens next, in simple terms? | :03:51. | :03:56. | |
Ooh! If I had my crystal ball, that would be very helpful. It's | :03:57. | :03:59. | |
difficult to know. I think the process of what happens next is | :04:00. | :04:04. | |
obvious. I think what's more important is to ensure from our | :04:05. | :04:08. | |
point of view as a business organisation, a business | :04:09. | :04:10. | |
organisation that is whose members are primarily based outside the UK, | :04:11. | :04:15. | |
what we can do to assist and to help is to bring the European business | :04:16. | :04:19. | |
perspective to the table. I think it's really important to understand | :04:20. | :04:26. | |
that this is just as challenging for European or EU-based businesses as | :04:27. | :04:29. | |
it is for UK businesses, they face exactly the same sort of challenges. | :04:30. | :04:33. | |
I wanted to touch on that because, there is an element really about who | :04:34. | :04:37. | |
has the upper hand, who needs the other one more than each other - | :04:38. | :04:41. | |
when we talk about that, does Europe need the UK as much as the UK needs | :04:42. | :04:50. | |
Europe? I think it's the same, it's complicated, it's not as easy as one | :04:51. | :04:56. | |
needs the other more. We live in a world where businesses operate in | :04:57. | :05:02. | |
complex environments and networks. It's not so much about the trade | :05:03. | :05:07. | |
figures. That's obviously important, but the point is that the UK's exit | :05:08. | :05:14. | |
from those supply chains, those European supply chains are | :05:15. | :05:17. | |
potentially very disruptive to those businesses. So a lot of the work | :05:18. | :05:20. | |
that we are involved in at the moment is to try and analyse some of | :05:21. | :05:27. | |
that impact and to ensure that that is represented both to the UK | :05:28. | :05:33. | |
Government but also to the national Governments across the EI 27 -- EU | :05:34. | :05:38. | |
27. Your focus is on Europe and businesses outside of the UK that | :05:39. | :05:42. | |
are working with the UK. Speak to anyone who is in favour of Brexit, | :05:43. | :05:45. | |
they'll say this is the best opportunity for UK business to draw | :05:46. | :05:49. | |
new trade deals elsewhere outside of Europe, with the US, Canada, India, | :05:50. | :05:53. | |
China, that sort of thing, but also to redraw our relationship with | :05:54. | :05:57. | |
Europe. Is there any truth in that, that actually this is a good | :05:58. | :06:00. | |
opportunity to start again? Potentially I think in any challenge | :06:01. | :06:03. | |
there is an opportunity and I think if it helps businesses to review the | :06:04. | :06:07. | |
way they do business, then that's a very positive thing. If it also | :06:08. | :06:14. | |
helps reinvigoration or invigorate export behaviour in the UK, that's | :06:15. | :06:18. | |
also excellent but we mustn't forget the UK's always had access to the | :06:19. | :06:23. | |
markets anyway, that hasn't necessarily made a huge impact on | :06:24. | :06:29. | |
the export activity of the UK. If this is going to be an opportunity | :06:30. | :06:34. | |
for that to increase, then fantastic. Here begins a lot of hard | :06:35. | :06:41. | |
work. Ann-Marie, good to see you, Chief Executive of the Council of | :06:42. | :06:44. | |
British Chamber of Commerce. Thank you very much. | :06:45. | :06:48. | |
Let's stay with Brexit because the world's biggest | :06:49. | :06:50. | |
insurance market, Lloyd's of London, has confirmed it will establish | :06:51. | :06:53. | |
a new European base in Brussels to avoid losing business when the UK | :06:54. | :06:56. | |
It will be up and running by January 2019. | :06:57. | :06:59. | |
Lloyds has warned that without the move, Brexit | :07:00. | :07:03. | |
could have a significant impact on its continental business - | :07:04. | :07:05. | |
which generates $3.7 billion a year- that's 11% of its business. | :07:06. | :07:09. | |
Lloyds also says it made pre-tax profits of about $2.6 billion. | :07:10. | :07:15. | |
Earlier I spoke to the Chief Executive of Lloyds | :07:16. | :07:23. | |
She explained why they chose Brussels as their new European base. | :07:24. | :07:32. | |
We wanted to have a really top quality robust regulator, Brussels | :07:33. | :07:39. | |
or Belgium regulator fits that bill. We also wanted great access to | :07:40. | :07:43. | |
talent. So we need to hire some really good people. We felt it was | :07:44. | :07:47. | |
an excellent place to go. We have to think about accessibility, how easy | :07:48. | :07:50. | |
is it to get from London to somewhere on the continent, how easy | :07:51. | :07:53. | |
is it from elsewhere on the continent to be able to get to that | :07:54. | :07:57. | |
place. We also though wanted to consider the likelihood of the | :07:58. | :08:00. | |
countries staying within the EU in the future because that's an | :08:01. | :08:03. | |
important factor as well. We were just hearing from the UK Prime | :08:04. | :08:06. | |
Minister, Theresa May, what she was saying yesterday following the | :08:07. | :08:09. | |
delivery of the letter which triggered Article 50. What do you | :08:10. | :08:15. | |
make of her tack as it were, the way she's going about this? I think it's | :08:16. | :08:20. | |
an extremely difficult negotiation to be having. You wouldn't want to | :08:21. | :08:25. | |
be in her shoes? Not at all. The world's eyes are upon this whole | :08:26. | :08:32. | |
thing and it's seldom that you would have such a public negotiation going | :08:33. | :08:37. | |
on and it will happen for a couple of years, despite the actual Brexit | :08:38. | :08:41. | |
happening in two years, it will be ongoing for years after that. Do you | :08:42. | :08:46. | |
think we can kiss goodbye the so-called passporting rights that | :08:47. | :08:49. | |
are critical for financial services in the City of London? That's | :08:50. | :08:55. | |
something you have been wanting to keep? We were lobbying but we felt | :08:56. | :09:00. | |
the chances are lower than they were. Therefore we have set up our | :09:01. | :09:05. | |
subsidiary or will be setting that up in Brussels. It would be | :09:06. | :09:08. | |
fantastic if that happened and the thing is, the essence of what we are | :09:09. | :09:12. | |
trying to get out of that is actually mutual market access | :09:13. | :09:16. | |
because of course a lot of continental European firms also | :09:17. | :09:19. | |
benefit from that and are able to participate in the London insurance | :09:20. | :09:23. | |
market alone. So it's actually a two-way thing. So what you have | :09:24. | :09:27. | |
announced today is your Plan B as it were, your contingency plan, if the | :09:28. | :09:32. | |
outcome I assume is a hard Brexit, this is your plan if we have the | :09:33. | :09:36. | |
worst case scenario? Yes. We want to make sure everything is up and | :09:37. | :09:39. | |
running and it takes a while to establish a new company. Therefore | :09:40. | :09:42. | |
we are starting to execute our plan. We'll be up and running by mid next | :09:43. | :09:47. | |
year, but something else gets negotiated. We can pull back those | :09:48. | :09:52. | |
plans at that point. Inga Beale there who I spoke to | :09:53. | :09:56. | |
earlier. Interesting how businesses are coming up with their plans and | :09:57. | :10:00. | |
arrangement. Let eats tell you how to be in touch with your questions | :10:01. | :10:03. | |
about this whole process. Tomorrow we'll have some guests on | :10:04. | :10:12. | |
to answer your questions. One viewer asking about students | :10:13. | :10:28. | |
working overseas already, health insurance cards, are they still | :10:29. | :10:32. | |
valid is another question. We'll put your questions to the ex-pers | :10:33. | :10:33. | |
tomorrow. A judge in Hawaii has indefinitely | :10:34. | :10:39. | |
extended the suspension It means people from six mostly | :10:40. | :10:42. | |
Muslim states can enter the country Many of the United States' biggest | :10:43. | :10:47. | |
companies have spoken out against the measure and it's impact | :10:48. | :10:51. | |
on their workforces. Mr Trump has argued the ban | :10:52. | :10:53. | |
will stop terrorists entering the country and has previously | :10:54. | :10:56. | |
pledged to take the case Toshiba shareholders have approved | :10:57. | :10:58. | |
a proposal to split off the Japanese company's prized Nand | :10:59. | :11:03. | |
flash memory unit. It paves the way for a sale | :11:04. | :11:06. | |
of a majority stake or even all The company needs to raise money | :11:07. | :11:10. | |
because of billions of dollars of losses at its US nuclear arm | :11:11. | :11:17. | |
Westinghouse Electric, which filed for bankruptcy | :11:18. | :11:23. | |
protection on Wednesday. Let us show you the markets in Asia. | :11:24. | :11:40. | |
We saw a shift yesterday. They were all in the green in Asia and in Wall | :11:41. | :11:45. | |
Street the night before. We have seen sentiment change. We'll discuss | :11:46. | :11:49. | |
the key issues as far as the US is concerned, it's an important day for | :11:50. | :11:53. | |
the US, we'll get growth figures out today and that could mean what the | :11:54. | :11:57. | |
Federal Reserve will think about and decide to do next. So we'll talk | :11:58. | :12:02. | |
about that in a second. A look at Europe first, slightly different | :12:03. | :12:06. | |
picture in Europe, very, very flat, to be honest, very marginal aboves | :12:07. | :12:10. | |
in the markets. We'll talk you through the reasons why. Here is | :12:11. | :12:13. | |
Samira with a look ahead to Wall Street's day. How did America's | :12:14. | :12:18. | |
economy fare during the first quarter? We'll tell you when the | :12:19. | :12:23. | |
department releases the estimate of the GDP. It's expected to show that | :12:24. | :12:30. | |
the economy grew at 2% instead of the previously reported 1.9%. Lots | :12:31. | :12:38. | |
happening on Thursday, SpaceX plans to land its first used rocket. It's | :12:39. | :12:45. | |
a critical test for e-London must have beening. They made -- Elon | :12:46. | :12:59. | |
Musk. New York fed President Leon Dudley will weigh in on the hints of | :13:00. | :13:03. | |
Trump administration's economic plans and of course what that means | :13:04. | :13:08. | |
for the Central Bank's policy-tightening plan. This will | :13:09. | :13:11. | |
happen at an event at the University of South Florida. | :13:12. | :13:18. | |
We'll come back to the theme of the US in a moment. | :13:19. | :13:19. | |
Joining us is James Hughes, chief market analyst, GKFX. | :13:20. | :13:22. | |
Nice to see you. The morning after they've triggered Article 50, what's | :13:23. | :13:28. | |
happened? Markets not really going anywhere? Nothing's happened really | :13:29. | :13:32. | |
and the problem with brex sit that nothing's happened and we still | :13:33. | :13:40. | |
haven't got A clue what is going to happen. From a trader's point of | :13:41. | :13:44. | |
view, we are worried with the uncertainty. We have seen movements | :13:45. | :13:48. | |
in the pound. That goes up when we hear detail from Theresa May or from | :13:49. | :13:51. | |
anyone, and that is the big thing we want. Or it goes down depending on | :13:52. | :13:57. | |
what the detail is? But usually detail means uncertainty goes away, | :13:58. | :14:00. | |
whether good or bad news, and that's kind of helped, but still we don't | :14:01. | :14:04. | |
know the answers and that's the biggest problem for us as traders. | :14:05. | :14:09. | |
The markets hate uncertainties, the old cliche, but unfortunately it's | :14:10. | :14:14. | |
true. That's why we roll it out all the time. We have no idea how | :14:15. | :14:19. | |
transparent this is going to be. Exactly. The problem is we are going | :14:20. | :14:23. | |
to be looking at headlines and hanging on speeches from people in | :14:24. | :14:28. | |
the EU or whatever it may be. A quick word on America, US GDP, | :14:29. | :14:33. | |
it's the final reading for the last quarter? Yes. It's expected to come | :14:34. | :14:38. | |
out in line around 2% which is what we expected anyway, but it all ties | :14:39. | :14:44. | |
into the Fed. Strong GDP could pointous to more rate hikes this | :14:45. | :14:48. | |
year, that is the issue. We'll hold you to that. James will be back in a | :14:49. | :14:50. | |
moment. We meet the man behind | :14:51. | :15:00. | |
the San Francisco firm that And it makes money from lists - | :15:01. | :15:03. | |
we'll explain all. Some of you love lists! I'm one of | :15:04. | :15:07. | |
those, I love lists! You're with Business | :15:08. | :15:15. | |
Live from BBC News. We are also talking smartphones - | :15:16. | :15:19. | |
because on Wednesday, Samsung unveiled its latest flagship | :15:20. | :15:23. | |
models at an event in New York. The Galaxy S8 and S8 Plus feature | :15:24. | :15:27. | |
artificial intelligence and the largest wrap around | :15:28. | :15:31. | |
screens ever made. They are the first major product | :15:32. | :15:36. | |
launch since Samsung had to recall, and then scrap, its Note 7 | :15:37. | :15:41. | |
last autumn because of Will the S8 help it win back | :15:42. | :15:43. | |
customers and regain the market leadership it has | :15:44. | :15:53. | |
since lost to Apple? The long-awaited S8 Plus and S8. | :15:54. | :16:12. | |
They have even got their own virtual assistant which can also use the | :16:13. | :16:18. | |
phone's camera as a pair of eyes. Can you tell me more about this | :16:19. | :16:23. | |
wine? Here are the wine search results... Samsung calls the S8 an | :16:24. | :16:29. | |
artform but it is still a familiar sight. The button has moved to the | :16:30. | :16:35. | |
back but there is also now facial recognition screen are locking and | :16:36. | :16:40. | |
improved split screen. Unlike Apple, Samsung is sticking with the | :16:41. | :16:46. | |
traditional headphone jack. It can connect up to a monitor or TV. But | :16:47. | :16:50. | |
after the disaster of the exploding batteries with the Note 7, there is | :16:51. | :16:55. | |
no attempt at extra battery power. With the Note 7, we took a lot of | :16:56. | :16:58. | |
lessons on the battery and we have implemented new types of control, | :16:59. | :17:02. | |
new quality insurance processes which we are of course implemented | :17:03. | :17:07. | |
implementing in the production of the S8 and the S8 Plus. It is | :17:08. | :17:14. | |
perhaps typical of Samsung's newly cautious approach, that it only | :17:15. | :17:19. | |
speaks US English and Korean, for now. I find that really annoying, | :17:20. | :17:31. | |
people who talk to you from the phone, does it get on your nerves? | :17:32. | :17:36. | |
It does. You are either a person who absolutely uses it. | :17:37. | :17:45. | |
There are people who walk around the office speaking to these devices. | :17:46. | :18:03. | |
What is the weather like...? You can go to the Business Life page, it | :18:04. | :18:06. | |
won't talk to you but it will give you lots of information. | :18:07. | :18:11. | |
A $600 billion trade relationship between Britain | :18:12. | :18:13. | |
and the EU is about to be re-drawn, now that Article 50 | :18:14. | :18:16. | |
Ben loves lists, so he is the really excited about this next story. | :18:17. | :18:33. | |
And now let's get the inside track on the changing face | :18:34. | :18:35. | |
The number of people opting to work on a freelance basis | :18:36. | :18:39. | |
is growing rapidly as part of the so-called gig economy. | :18:40. | :18:42. | |
One survey from the Upwork and Freelancers Union suggests just | :18:43. | :18:44. | |
over a third of US workers are now freelance - that's | :18:45. | :18:47. | |
Freelancers are also on the rise in Europe. | :18:48. | :18:50. | |
But according to the UK's Association of Independent | :18:51. | :18:52. | |
Professionals and the Self-Employed, they make up just 4% | :18:53. | :18:54. | |
But integrating temporary staff alongside permanent | :18:55. | :18:58. | |
That's where Lystable says it can help, especially when it | :18:59. | :19:01. | |
comes to making sure they get paid properly. | :19:02. | :19:04. | |
40,000 freelancers currently use the service, whose high-profile | :19:05. | :19:06. | |
backers include Paypal founder Peter Thiel. | :19:07. | :19:17. | |
Joining us now is Peter Johnston, founder of Lystable. | :19:18. | :19:23. | |
As Sally said, I love lists, I will put something on a to-do list, so | :19:24. | :19:30. | |
that I can cross it off. On a spreadsheet? No, never done the | :19:31. | :19:35. | |
spreadsheet thing. This is about lists and being able to manage | :19:36. | :19:39. | |
things. We touched in the introduction about how we work now, | :19:40. | :19:43. | |
a lot more flexible, a lot of us going freelance. How does your | :19:44. | :19:48. | |
programme help? For sure, really, it helps businesses manage freelance | :19:49. | :19:58. | |
staff. We help you create a list of the freelancers that you might use | :19:59. | :20:03. | |
around the world and be able to manage them in an efficient way. | :20:04. | :20:09. | |
This is not just a contact list, is it, what are the practical | :20:10. | :20:12. | |
applications? It definitely starts with a directory of the freelancers, | :20:13. | :20:17. | |
but it goes beyond that, to the workflow and assigning them tasks | :20:18. | :20:22. | |
wherever they are in the world, managing invoices with them. It is a | :20:23. | :20:25. | |
complete system, although way through to getting them paid on | :20:26. | :20:30. | |
time. And what started out as your idea years ago has now become a big | :20:31. | :20:35. | |
business, with lots of big clients, 45 staff, most here in the UK, some | :20:36. | :20:40. | |
in San Francisco, who started this when you were 25, you're now 28, | :20:41. | :20:44. | |
running a multi-million dollar company, and many watching this | :20:45. | :20:52. | |
might think, he is one of those young start-ups that we are told we | :20:53. | :20:55. | |
are all going to be working for in the future! How did it all work, it | :20:56. | :21:00. | |
was to do with a man called Mark Evans who you happened to meet when | :21:01. | :21:07. | |
you work at Google? Yeah, Mark was the first venture capitalist that I | :21:08. | :21:12. | |
met while at Google. I met him at King's Cross in London and explained | :21:13. | :21:17. | |
how painful it had been at Google, trying to manage, even knowing who | :21:18. | :21:20. | |
the freelancers work, that we used to. He described to me what he | :21:21. | :21:27. | |
called the find a market fit. He said, you have a really big problem, | :21:28. | :21:31. | |
which we see increasing in the UK and the US. So he met you and saw | :21:32. | :21:36. | |
that you had this brainwave, as it were, which could become a massive | :21:37. | :21:39. | |
business, and he set you on the path, is that fair to say? Yeah, I | :21:40. | :21:46. | |
definitely think he was an encourager of pulling me out of my | :21:47. | :21:50. | |
comfort zone, which was Google at the time, and encouraging me to | :21:51. | :21:53. | |
become an entrepreneur. I think he was definitely aware of the time -- | :21:54. | :21:57. | |
at the time of the bigger macro trend. He definitely introduced me | :21:58. | :22:06. | |
to the wider world of the freelancer economy. What does this tell us, the | :22:07. | :22:11. | |
optimism amongst your backers tells us that perhaps this is the way the | :22:12. | :22:14. | |
workforce is going. How do you see it changing? We talk about the gig | :22:15. | :22:20. | |
economy, people being no guaranteed hours any more, how will it work the | :22:21. | :22:26. | |
future? We think we are moving towards a professional freelancing | :22:27. | :22:30. | |
economy. We are seeing a trend of freelancers opting into this | :22:31. | :22:33. | |
lifestyle deliberately. They want more flexibility and they want to | :22:34. | :22:36. | |
work for more companies, companies who have the best values and the | :22:37. | :22:40. | |
best culture. Sometimes they're highly skilled and they can make | :22:41. | :22:45. | |
more money out of going from company to company. We see a shift, a lot of | :22:46. | :22:51. | |
our clients today like Google or eBay, have as many freelancers as | :22:52. | :22:55. | |
full-time staff. And we see that trend continuing to increase. Peter, | :22:56. | :22:59. | |
we are out of time so we will leave it to me the. I understand your | :23:00. | :23:04. | |
family in Belfast are watching. They don't see much of Peter these days, | :23:05. | :23:09. | |
LaMarr Woodley eating and living San Francisco! I come back to see my new | :23:10. | :23:14. | |
nephew, when I can! Shareholders in the toubled Japanese | :23:15. | :23:18. | |
conglomerate Toshiba have approved a plan to split off the company's | :23:19. | :23:21. | |
lucrative flash memory unit. It needs the money after racking up | :23:22. | :23:24. | |
more than $6 billion of losses at its US nuclear division, | :23:25. | :23:27. | |
something that's threatened Our correspondent Rupert | :23:28. | :23:29. | |
Wingfield-Hayes is in Tokyo. This is a big move, isn't it? | :23:30. | :23:42. | |
Contact it is, it was an extraordinary shareholders meeting, | :23:43. | :23:45. | |
called specifically to make this decision this afternoon. It took | :23:46. | :23:50. | |
about three hours, it was an angry meeting, a lot of shareholders very | :23:51. | :23:53. | |
unhappy about the situation Toshiba is in, but in the end they had no | :23:54. | :23:59. | |
choice but to agree to the spin off of the flash memory division, which | :24:00. | :24:03. | |
will now be sold. It is thought to be worth up to 18 billion US | :24:04. | :24:06. | |
dollars, which is needed to pay for the massive debts which have been | :24:07. | :24:11. | |
run up by Toshiba in its North American nuclear division, up to $9 | :24:12. | :24:16. | |
billion of debt. In North America division was declared bankrupt | :24:17. | :24:20. | |
yesterday in the United States. But this is essentially selling of the | :24:21. | :24:23. | |
family silver to pay the bills. They now have real choice but to do that. | :24:24. | :24:30. | |
Thank you very much. As you can see, James has returned, as promised, | :24:31. | :24:34. | |
with a story about Amazon and Facebook hitting obstacles in India? | :24:35. | :24:39. | |
India is a massive market, we know it has been, for a lot of these into | :24:40. | :24:45. | |
their companies in the US. I did not realise until reading this story | :24:46. | :24:47. | |
that Facebook in India, it is the second biggest market for Facebook, | :24:48. | :24:55. | |
India he is on the WhatsApp, it is the biggest market. But it is about | :24:56. | :24:59. | |
those companies moving into India and trying to get the business and | :25:00. | :25:04. | |
having issues because of Chinese internet firms coming in and | :25:05. | :25:07. | |
allowing money into Indian start-up companies, which is giving the | :25:08. | :25:13. | |
Chinese companies the upper hand. , of course, India is such a massive | :25:14. | :25:17. | |
boom area, it has been for such a long time. The US firms are | :25:18. | :25:23. | |
struggling to get traction there because of the amount of money | :25:24. | :25:26. | |
coming in from Chinese firms, giving them the upper hand. I know when the | :25:27. | :25:30. | |
Mark Zuckerberg went to India, it might have been last year, and he | :25:31. | :25:35. | |
was desperately trying to woo the masses, as it were, and he could see | :25:36. | :25:40. | |
the potential there. Time is up, I am sorry, but really good to see | :25:41. | :25:44. | |
you. Keep your comments and tweets coming in about questions for | :25:45. | :25:49. | |
Brexit. What does it mean for you? Answers tomorrow. Bye-bye. | :25:50. | :25:53. |