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Hello, you with business live. Campaigning in the UK in action gets | :00:12. | :00:17. | |
under way today. Antonio to Johnny will meet with | :00:18. | :00:44. | |
Theresa May at 10 Downing Street this morning. The European | :00:45. | :00:49. | |
Parliament made it clear what its so-called red lines are in the | :00:50. | :00:52. | |
negotiation process. And we will talk you through what is at stake. | :00:53. | :00:57. | |
Also in the programme, Emirates reduces its flights to the US. And | :00:58. | :01:07. | |
looking at the European markets, they are treading water and | :01:08. | :01:14. | |
relatively mixed. Of course, that first round in the election on | :01:15. | :01:18. | |
France is on Sunday. Traders are gearing up for that. We will take | :01:19. | :01:22. | |
you through the markets a little bit later. Now, it might taste good, but | :01:23. | :01:27. | |
could it also do good? We will meet the woman behind the chocolate brand | :01:28. | :01:32. | |
which is co-owner and by farmers in Ghana. Also, as Facebook begins work | :01:33. | :01:38. | |
on mind control technology, we want to know, is mind control and social | :01:39. | :01:43. | |
media a risky combination? Just think of the havoc it could cause. | :01:44. | :01:57. | |
Let us know what you think. A very warm welcome to the programme. So, | :01:58. | :02:01. | |
once again we start with our focus on what's going on in Downing | :02:02. | :02:06. | |
Street. In less than an hour, the head of the European Parliament is | :02:07. | :02:09. | |
due to meet with British Prime Minister Theresa May. That's Antonio | :02:10. | :02:16. | |
Tajani, who is visiting as the UK prepares for an election which will | :02:17. | :02:20. | |
be dominated by Britain's exit from the European Union. The European | :02:21. | :02:23. | |
Parliament has a vote on the final Brexit deal, but is not involved in | :02:24. | :02:30. | |
the process. However it has set out a series of what it describes as red | :02:31. | :02:35. | |
lines, that it will not compromise on, something Antonio Tajani will no | :02:36. | :02:39. | |
doubt discuss with the reason may later. Let's tell you what we know | :02:40. | :02:44. | |
about those. So, the European Parliament wants the final agreement | :02:45. | :02:48. | |
to make sure the UK continues to comply with a range of EU policies | :02:49. | :02:52. | |
on various issues, such as the environment, tax evasion and | :02:53. | :02:53. | |
competition. It also stresses the United Kingdom | :02:54. | :02:59. | |
must honour all its legal and financial obligations to the EU | :03:00. | :03:05. | |
- including its agreement to pay That could mean a hefty exit bill - | :03:06. | :03:08. | |
a figure put by the European And one that's bitterly | :03:09. | :03:16. | |
disputed by some in the UK. Notably by the so-called Brexit | :03:17. | :03:28. | |
secretary David Davis. And it insists two major EU | :03:29. | :03:33. | |
regulators currently based in London - the European Banking Authority | :03:34. | :03:36. | |
and European Medicines Agency - will also have to move | :03:37. | :03:39. | |
to the continent. Some in financial markets are now | :03:40. | :03:42. | |
betting that getting the election out of the way in June will allow | :03:43. | :03:45. | |
the UK to be much more flexible in agreeing to these demands - | :03:46. | :03:49. | |
and avoid a so-called "hard We can now get the view of a | :03:50. | :04:08. | |
political analyst from King's College London. In one sense it | :04:09. | :04:11. | |
makes her life easier because she will have to pass a lot of | :04:12. | :04:15. | |
legislation to make Brexit happen. With a bigger majority, which | :04:16. | :04:17. | |
pollsters expect, that will be easier. I don't think it will affect | :04:18. | :04:21. | |
the European Union lose position, though. They will not care one way | :04:22. | :04:24. | |
or the other what size her majority is in parliament. I think they will | :04:25. | :04:29. | |
fair negotiating position, and that fair negotiating position, and that | :04:30. | :04:34. | |
won't change. How important is today's meeting? The European | :04:35. | :04:36. | |
Parliament is not involved in the negotiations, but it does have to | :04:37. | :04:39. | |
sign it off at the end of the two years? Yes, it is curious, we are | :04:40. | :04:44. | |
not negotiating with the European Parliament but we need to keep them | :04:45. | :04:48. | |
on site. The worst of all worlds is that the European Parliament says, | :04:49. | :04:52. | |
we don't like this, we going to vote it down, which they can do. So | :04:53. | :04:55. | |
keeping them on side is important. They have described some of these | :04:56. | :04:59. | |
things as red lines which can't be crossed. The divorce bill of 60 | :05:00. | :05:04. | |
billion euros, already, David Davis says it is nothing like that. Yeah, | :05:05. | :05:09. | |
that figure has been bandied around by the European Commission as a | :05:10. | :05:13. | |
possibility. I think the first stage of negotiations will be to figure | :05:14. | :05:16. | |
out what we should be including in our bill and what we shouldn't. I | :05:17. | :05:20. | |
don't think that figure is set in stone, but I think the EU is making | :05:21. | :05:24. | |
it clear that whatever figure they arrive at, we have to pay, we cannot | :05:25. | :05:26. | |
get around it. Emirates will reduce flights to five | :05:27. | :05:30. | |
US cities from next month, after new security rules targeted | :05:31. | :05:37. | |
travellers from the Middle East. According to the Dubai-based | :05:38. | :05:45. | |
airline, "recent government relating to the issuance | :05:46. | :05:47. | |
of entry visas, heightened security vetting and restrictions | :05:48. | :05:50. | |
on electronic devices in aircraft cabins have had a direct impact | :05:51. | :05:52. | |
on consumer interest and demand Consumer goods maker Unilever | :05:53. | :05:55. | |
reported better than expected first-quarter sales on Thursday, | :05:56. | :06:05. | |
helped by pricing growth. Underlying sales rose by 2.9%, | :06:06. | :06:11. | |
beating analysts' estimates of 2%. The results could boost investor | :06:12. | :06:14. | |
enthusiasm for Unilever, whose shares have remained higher | :06:15. | :06:20. | |
since February, when it received, and then quickly rejected, | :06:21. | :06:25. | |
a $143 billion takeover offer Premier League football clubs | :06:26. | :06:28. | |
posted record revenues of ?3.6 billion in 2015-16 - | :06:29. | :06:36. | |
according to research by Deloitte. Manchester United topped | :06:37. | :06:42. | |
the earnings table for the first time since the 2003/4 season - | :06:43. | :06:46. | |
with revenue of ?515 million. Still, the top 20 English clubs made | :06:47. | :06:53. | |
an overall pre-tax loss after two seasons of profit - | :06:54. | :07:00. | |
hit by higher player wages, operating costs | :07:01. | :07:03. | |
and other one-off charges. Japanese exports saw | :07:04. | :07:08. | |
their biggest gain in more than two years in March - | :07:09. | :07:14. | |
a sign of optimism for the world's third-largest economy, | :07:15. | :07:19. | |
which also boosted Asian markets. Let's go to Sharanjit Leyl, who's in | :07:20. | :07:25. | |
our Asia Business Hub in Singapore. A real boost for exports? That's | :07:26. | :07:36. | |
right. Exports in Japan growing 12% in March led essentially by a strong | :07:37. | :07:40. | |
demand for auto parts, optical instruments such as mobile phone | :07:41. | :07:44. | |
parts and tools to make semiconductors. While imports were | :07:45. | :07:48. | |
also up nearly 16%, which is mainly to buy all the coal, oil and energy | :07:49. | :07:54. | |
needs to fuel the economy. We also heard from the International | :07:55. | :07:57. | |
Monetary front, they have just rooted Japan's economic forecast, | :07:58. | :08:02. | |
projecting a 1.2% annual expansion this year. And there was a key bank | :08:03. | :08:09. | |
of Japan business confidence survey, which pointed to rising optimism | :08:10. | :08:12. | |
among big manufacturers. All in all, really good for Japan, although I | :08:13. | :08:17. | |
should say, the Newquay ended fairly flat, with worries about the French | :08:18. | :08:22. | |
elections and north Korea. We have also seen the Japanese Prime | :08:23. | :08:28. | |
Minister who has been trying to achieve this economic growth for | :08:29. | :08:33. | |
years and end what has been a long period of on and off deflation | :08:34. | :08:38. | |
through a policy blitz of easy money stimulus as well as reform. So, | :08:39. | :08:47. | |
despite that great news about exports, as we heard, the Nikkei | :08:48. | :08:54. | |
ended pretty flat. The Dow Jones was down. Quite a lot of earnings | :08:55. | :09:00. | |
stories out of the US also which did not impress. IBM and eBay among | :09:01. | :09:03. | |
them. In Europe, all eyes on France, as we | :09:04. | :09:17. | |
head into the weekend, with voters deciding who they want to be the | :09:18. | :09:19. | |
front runners in the presidential race in France. That's how things | :09:20. | :09:25. | |
are going in Europe right now. We'll talk some more about trade in a | :09:26. | :09:29. | |
moment. But first, let's look ahead to the day in the United States. | :09:30. | :09:31. | |
And Michelle Fleury has the details about what's ahead | :09:32. | :09:33. | |
The SNP 500's losing streak stretched into a fifth day. Doubts | :09:34. | :09:46. | |
about Donald Trump's ability to fulfil his progress promises are | :09:47. | :09:51. | |
behind that. Investors are hoping that first-quarter earnings will be | :09:52. | :09:54. | |
strong enough to justify those lofty valuations. Of the more than 50 | :09:55. | :10:01. | |
companies in the SNP 500 that have turned in their report cards so far, | :10:02. | :10:07. | |
75% have done better than it did, according to data from Thomson | :10:08. | :10:11. | |
trend continue? Among those trend continue? Among those | :10:12. | :10:17. | |
reporting quarterly profits come visa, cigarette maker Philip Morris | :10:18. | :10:25. | |
and toymaker to picky. The number one US wireless carrier is expected | :10:26. | :10:30. | |
to decline for a fourth straight quarter. Investors want to know how | :10:31. | :10:39. | |
it will respond to rival AT's move into TV and content. | :10:40. | :10:42. | |
Joining us is Alix Stewart, Fixed Income Fund Manager, Schroders. | :10:43. | :10:47. | |
Good morning. We have been talking all week, and tomorrow is a big one, | :10:48. | :10:56. | |
with a lot of the manufacturing news come can you explain the | :10:57. | :11:03. | |
significance of these manufacturing PMIs? Well, obviously we have seen | :11:04. | :11:07. | |
strong economic both through a lot of the world. And on the other side | :11:08. | :11:14. | |
of the political stuff that has been dominating everything, we will be | :11:15. | :11:17. | |
focusing back on what is actually happening in the economy is. We get | :11:18. | :11:21. | |
that focus back, as you say, during the week, when the IMF upped its | :11:22. | :11:28. | |
growth forecast for the UK, for Japan, for many economies, actually. | :11:29. | :11:33. | |
And so it is quite interesting how the news coming through about | :11:34. | :11:36. | |
various economies in the world seems to be getting better, even the | :11:37. | :11:40. | |
inflation figures in the Eurozone yesterday were not as robust as | :11:41. | :11:43. | |
people had feared, with worries about petrol going up etc? Yeah, we | :11:44. | :11:49. | |
seem to be in quite a nice phase at the moment many we're getting a | :11:50. | :11:52. | |
cyclical upswing globally perhaps for the first time since the | :11:53. | :11:55. | |
financial crisis. And inflation is not a worry at the moment. Speaking | :11:56. | :11:59. | |
of prices going up, let's talk retail sales. We will get the | :12:00. | :12:03. | |
figures tomorrow. We have had results from Debenhams this morning. | :12:04. | :12:07. | |
That is a big department store chain here. But it is interesting because | :12:08. | :12:14. | |
ten stores are up for closure, a big warehouse and distribution centre | :12:15. | :12:17. | |
potentially at risk. This is being replicated around the world, these | :12:18. | :12:21. | |
big department stores really struggling? Well, you've got three | :12:22. | :12:26. | |
things going on. You've got the fact that consumers are being squeezed as | :12:27. | :12:31. | |
prices go up, if income is don't keep pace with that. We have seen | :12:32. | :12:35. | |
here in the UK that people are dipping into savings to keep | :12:36. | :12:39. | |
consumption going. So there are big question marks specific to the UK. | :12:40. | :12:44. | |
But globally, we have got this issue with department stores, people are | :12:45. | :12:47. | |
shopping in a different way now. We will talk more about Debenhams a bit | :12:48. | :12:52. | |
later. For now, thank you very much. We meet the woman behind | :12:53. | :13:00. | |
the chocolate brand that says it can make a difference for | :13:01. | :13:08. | |
cocoa farmers in Africa. You're with Business | :13:09. | :13:19. | |
Live from BBC News. Sky and HBO have announced | :13:20. | :13:34. | |
a co-production deal worth ?195 million, and have also promised | :13:35. | :13:39. | |
a "ground-breaking" virtual reality experience in partnership | :13:40. | :13:45. | |
with Sir David Attenborough The announcement comes as Sky | :13:46. | :13:48. | |
reports sales up 11% to ?9.6 billion It also comes a few weeks | :13:49. | :13:58. | |
after the Culture Secretary, Karen Bradley, referred 21st | :13:59. | :14:07. | |
Century Fox's bid for Sky Let's get more with Alex De Groote - | :14:08. | :14:09. | |
media analyst at Cenkos. Nice to have you on the programme. | :14:10. | :14:22. | |
Skype coming out with so many different bits of news, what is your | :14:23. | :14:27. | |
take on the HBO deal? They have a long-standing arrangement with HBO | :14:28. | :14:30. | |
whereby probably half of the output that you would see on sky at | :14:31. | :14:34. | |
Atlantic already comes from HBO. In a way, this development cements that | :14:35. | :14:40. | |
pre-existing relationship. Sky in the UK for some time now has been | :14:41. | :14:43. | |
going down the path of higher quality, more expensive drama. | :14:44. | :14:47. | |
Primarily through sky at Atlantic also through some of their other | :14:48. | :14:50. | |
channels. So, this is more of the same but it is a big commitment and | :14:51. | :14:56. | |
should be seen as a real positive for HBO as well. And also, it is | :14:57. | :14:59. | |
what these companies have to do, they have to have that content that | :15:00. | :15:04. | |
viewers want to tune in for, that's what it's all about, isn't it? It | :15:05. | :15:10. | |
is, this is the golden age of TV, maybe the second golden age of TV. | :15:11. | :15:14. | |
One reason for that is the amount of money which is being put into this | :15:15. | :15:18. | |
high end drama by the likes of Sky. If you go back 10-15 years, a lot of | :15:19. | :15:23. | |
based around paying up for the footy based around paying up for the footy | :15:24. | :15:27. | |
and hoping to draw in subscribers on that basis. That has kind of come to | :15:28. | :15:31. | |
the end of the road now, so this is about trying to get perhaps a | :15:32. | :15:35. | |
slightly different democratic, with pretty high end drama, starring guys | :15:36. | :15:38. | |
who previously would only have worked in film. Boyd thank you for | :15:39. | :15:49. | |
your time. As promised, a reminder, much more on the Debenhams story. It | :15:50. | :15:56. | |
is part of a plan already being announced but clearly there are now | :15:57. | :16:01. | |
implications for some stores. Ten hour before potential closure, one | :16:02. | :16:06. | |
of those is loss-making, the other given some sense to prove | :16:07. | :16:07. | |
themselves. You are with Business Live, our top | :16:08. | :16:22. | |
story today, we are focused on the head of the European Parliament. He | :16:23. | :16:26. | |
is at Downing Street today meeting with the British Prime Minister to | :16:27. | :16:30. | |
discuss of course the Brexit negotiations. We will have more on | :16:31. | :16:33. | |
that story in a moment. Quick look at the numbers for you. After a | :16:34. | :16:38. | |
pretty volatile week, calling off the snap election, markets and | :16:39. | :16:41. | |
occurrences not sure I'd one point what to make of it. You can see as | :16:42. | :16:48. | |
the FTSE 100 is finally back in positive territory after a week of | :16:49. | :16:52. | |
losses so far, on the back of that. But the FTSE 100, because most | :16:53. | :17:00. | |
many of you may have been indulging over the weekend regardless of where | :17:01. | :17:04. | |
you live in the world on chocolate. Many of us enjoy a sweet treat - | :17:05. | :17:06. | |
but how do you combine that urge Well, our next guest | :17:07. | :17:10. | |
believes you can do both. She's the boss of the Fair Trade | :17:11. | :17:14. | |
chocolate maker, Divine. It's co-owned by a co-operative | :17:15. | :17:20. | |
of cocoa farmers in Ghana and exports to more | :17:21. | :17:25. | |
than ten countries. Last year, it had a turnover | :17:26. | :17:27. | |
of around $15 million - not bad, when you consider it's | :17:28. | :17:30. | |
a social enterprise. Sophi Tranchell, is Group | :17:31. | :17:32. | |
Chief Executive and MD And she has brought lots of slabs of | :17:33. | :17:46. | |
the staff as well, over the studio. We had the out of the hands of a | :17:47. | :17:50. | |
floor manager and manager and directors and various others to give | :17:51. | :17:54. | |
it in the studio. Nice to see you, welcome. Let's start with the | :17:55. | :17:57. | |
product, because I think it is really interesting. Defoe got | :17:58. | :18:03. | |
involved in this, you had no experience of retail, no experience | :18:04. | :18:06. | |
of chocolate, and yet you are now running this global chocolate | :18:07. | :18:10. | |
business. Tell us your story. I had a tin chocolate, so I did know what | :18:11. | :18:16. | |
it was! I was running a film distribution company and a cinema | :18:17. | :18:19. | |
group in London, and we were distributing foreign films, so we | :18:20. | :18:25. | |
brought in that in America films, and the early Almodovar films. We | :18:26. | :18:28. | |
were getting people to watch subtitled films and back in the 90s | :18:29. | :18:32. | |
young people didn't do that so that was quite a challenge. I saw an | :18:33. | :18:38. | |
advert in a newspaper, a very little advert, because they were recruiting | :18:39. | :18:44. | |
a team to run Divine chocolate, they already had the name, the recipe of | :18:45. | :18:47. | |
the first buyer and the ownership structure, and I just thought it was | :18:48. | :18:55. | |
a great project. The idea that it was owned by a cooperative of cocoa | :18:56. | :18:59. | |
farmers in Ghana that would get the benefits from the money that | :19:00. | :19:01. | |
chocolate lovers spend on the chocolate was just an irresistible | :19:02. | :19:05. | |
combination. My thought it was a great idea and inner way I had | :19:06. | :19:09. | |
nothing to lose, because I had no experience in retail at know how | :19:10. | :19:14. | |
difficult a task I was taking on. I hadn't really recognise that you are | :19:15. | :19:16. | |
entering into a category dominated by enormous Tom Preece la global. | :19:17. | :19:24. | |
It just seemed a lovely idea, why wouldn't you want to lead chocolate | :19:25. | :19:28. | |
that tasted great that would give benefit to farmers? When you think | :19:29. | :19:31. | |
of the big names in chocolate, it is almost David Empoli of, Nestl and | :19:32. | :19:37. | |
Cadburys and all those dominant chocolate brands but the less about | :19:38. | :19:40. | |
how this company works because it is very unusual. Even people like Anita | :19:41. | :19:43. | |
Roddick have been involved, the founder of the body shop. It is all | :19:44. | :19:47. | |
about ethical shopping and consumption. Yes, it is about | :19:48. | :19:52. | |
offering people all over the world who like chocolate a genuine choice | :19:53. | :19:56. | |
to buy something that taste nice, a big range of products, but also they | :19:57. | :20:00. | |
know that the farmers really benefit because they own 44% of the company, | :20:01. | :20:04. | |
which means they have a seat on the board. They also get a share of the | :20:05. | :20:09. | |
profits. It puts them much higher up the supply chain. Farmers who grow | :20:10. | :20:15. | |
cocoa trade it on the international market, and that is very volatile. | :20:16. | :20:18. | |
So the idea that they actually have a share in the chocolate company | :20:19. | :20:23. | |
means they get a share in the world they are hoping to create. We are | :20:24. | :20:28. | |
looking at pictures in Ghana, the fair trade logo is there. How has | :20:29. | :20:31. | |
that changed, because I imagine when you started out doing this, there | :20:32. | :20:36. | |
was a lot of education, but fair trade mean, have that affect farmers | :20:37. | :20:40. | |
in Africa? People are more aware about where things come from the is | :20:41. | :20:48. | |
there still an education involved? When we first started, people didn't | :20:49. | :20:51. | |
know where chocolate came from, when you ask them, of course it comes | :20:52. | :20:59. | |
from Switzerland or Belgium. That idea that cocoa comes from West | :21:00. | :21:03. | |
Africa, 70% of the world's, and it makes a difference to the plight of | :21:04. | :21:06. | |
the people who grow at how much you pay for it was completely foreign. | :21:07. | :21:11. | |
So we were changing the narrative of the industry and fair trade was a | :21:12. | :21:13. | |
nice way to do it. We had now people expect to behave properly | :21:14. | :21:27. | |
to people in their supply chains, but there are companies that are | :21:28. | :21:30. | |
turning a better and more thoroughly than other companies and there is | :21:31. | :21:32. | |
now a whole range of products you can buy. Lots of things like clothes | :21:33. | :21:39. | |
and stuff. Time is up, sadly, I could talk all day, but Sophi thank | :21:40. | :21:52. | |
you. Lovely to see you. Let's return to the top story. We explained that | :21:53. | :21:56. | |
the head of the European Union Parliament is meeting with Theresa | :21:57. | :22:00. | |
made today in Downing Street. Vicky Ford is a member of the European | :22:01. | :22:04. | |
Parliament in the UK's governing Conservative Party. She joins us now | :22:05. | :22:09. | |
from Cambridge in her is to Viglen constituency. Thank you for being on | :22:10. | :22:15. | |
the programme. Tell us about this meeting and how important it is, | :22:16. | :22:18. | |
given that the European Parliament won't be involved in the negotiation | :22:19. | :22:22. | |
at all. The European Parliament is important because it has a vote on | :22:23. | :22:26. | |
the outcome of negotiations. Santonio the journey is a new | :22:27. | :22:30. | |
president of the parliament, dresses beginning of this year, quite a | :22:31. | :22:34. | |
practical and pragmatic person and he clearly wants to find an ally | :22:35. | :22:39. | |
couple relationship with the UK, post the negotiations as well, so | :22:40. | :22:42. | |
this is very good that he is coming to Downing Street -- Antonio Tajani. | :22:43. | :22:50. | |
The Parliament's position as set out in a vote that we had just before | :22:51. | :22:57. | |
Easter is quite in line with the UK Government position on a number of | :22:58. | :23:01. | |
issues. I am interested in the story on the front of the FT, Brussels | :23:02. | :23:06. | |
starts to freeze Britain out of EU contracts. You might expect this of | :23:07. | :23:10. | |
course, the UK leaving the European Union so maybe we are not entitled | :23:11. | :23:13. | |
to have an active role in some of those contacts, but how worried | :23:14. | :23:19. | |
should business be? It uses very specific examples are saying that | :23:20. | :23:22. | |
Britain should not be invoked if it is not a member of the club. I am | :23:23. | :23:27. | |
very interested in that, because Parliament's position is very clear | :23:28. | :23:35. | |
that until Britain leaves the EU, we haven't left, so they should not be | :23:36. | :23:40. | |
pre-emptive conditions like that. Key priorities like making sure that | :23:41. | :23:47. | |
British and European citizens rights expected, both sides agree on that. | :23:48. | :23:51. | |
Key issues on financial contributions, the European | :23:52. | :23:53. | |
Parliament does not put a number on the ball, but they say that Britain | :23:54. | :23:58. | |
should pay its commitments and the Prime Minister has said we are | :23:59. | :24:04. | |
prepared to pay our commitments. So again there should in principle be | :24:05. | :24:08. | |
an agreement on these issues, and then we need to start working on | :24:09. | :24:13. | |
those long-term relationship issues, like what should be the likes of | :24:14. | :24:17. | |
British businesses trading into Europe. Thank you very much. Alix | :24:18. | :24:29. | |
has rejoined us in the studio, most CEO, Alix. Let's took on this one in | :24:30. | :24:33. | |
the Financial Times. Emirates cut back on flights to the United States | :24:34. | :24:37. | |
after heightened security. This is so interesting, because when it was | :24:38. | :24:40. | |
announced at the time there was a lot of speculation that this was US | :24:41. | :24:44. | |
airlines lobbying the president and therefore he would get tough on | :24:45. | :24:47. | |
those Middle Eastern airlines, that they do not like, because they think | :24:48. | :24:52. | |
they get unfair state aid. Yes, it has come at an interesting time of | :24:53. | :24:56. | |
these airlines because they have been expanding capacity and growth | :24:57. | :24:59. | |
is slower in their home countries because of the slow in the oil price | :25:00. | :25:03. | |
so quite a good time to get competitive with them. They have | :25:04. | :25:07. | |
talked about the security measures and the ban on electronics on the | :25:08. | :25:10. | |
plains. And the Visa regulations changing as well. A lot of | :25:11. | :25:16. | |
headwinds, to pardon the pun. But at the same time you have big carriers, | :25:17. | :25:20. | |
the legacy terraces -- carriers in the US, the company they complain | :25:21. | :25:24. | |
about the Gulf carriers, United airlines getting such bad press. | :25:25. | :25:29. | |
Indeed, these guys have been winning a lot of market share, they have | :25:30. | :25:34. | |
been growing very fast, the Gulf airlines, so it is putting a big | :25:35. | :25:38. | |
tent and that is part of the policies of Trump to try to fight | :25:39. | :25:41. | |
back on trade with these guys. Talk us through the story from Facebook, | :25:42. | :25:47. | |
it is fascinating. Your thoughts activating computers to change | :25:48. | :25:53. | |
things. There is this optical neuroimaging system which is | :25:54. | :25:56. | |
supposed to be able to read your brainwaves, and mean that you can | :25:57. | :26:00. | |
actually type with your mind. So scary! Interesting stuff, Alix, | :26:01. | :26:03. | |
thank you very much. | :26:04. | :26:07. |