Browse content similar to 30/06/2017. Check below for episodes and series from the same categories and more!
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Live from London, that's our top story on Friday June 30th. | :00:00. | :00:14. | |
Scores of flights will be cancelled over the 16-day walkout, | :00:15. | :00:18. | |
with many asking if the cost-cutting is worth it. | :00:19. | :00:22. | |
as the week draws to a close, we assess the fallout of the major | :00:23. | :00:28. | |
cyber attack that hit businesses around the world. | :00:29. | :00:35. | |
And the markets? Yesterday, Europe had its worst day for about nine | :00:36. | :00:40. | |
months and today, not looking quite so bad but the FTSE is still down. | :00:41. | :00:42. | |
We will be looking at the figures. And we'll wrap up the tech stories | :00:43. | :00:44. | |
with our guru Rory Cellan-Jones - Also, as packets of Weetabix are | :00:45. | :00:47. | |
fine for Google. Also, as packets of Weetabix are | :00:48. | :00:57. | |
inhabited New Zealand, we want to know what you can't live without | :00:58. | :00:58. | |
when you go on holiday. Is it your pot of Marmite | :00:59. | :01:00. | |
or your tea bag? Let us know. | :01:01. | :01:03. | |
Just use the hashtag BBCBizLive. We start with more problems | :01:04. | :01:12. | |
for British Airways. Thousands of passengers | :01:13. | :01:19. | |
are learning that their flights have been cancelled | :01:20. | :01:22. | |
because of an unprecedented 16-day strike by some cabin crew, | :01:23. | :01:25. | |
which begins tomorrow, July 1st. On Thursday, BA said most flights | :01:26. | :01:28. | |
will operate as normal, but it has cancelled a number | :01:29. | :01:32. | |
of long-haul departures Short-haul and flights from other UK | :01:33. | :01:34. | |
airports are unaffected. The Unite union says cabin crew | :01:35. | :01:39. | |
who have taken industrial action over pay in the past | :01:40. | :01:47. | |
have been "blacklisted" losing benefits like staff travel | :01:48. | :01:50. | |
concessions and bonuses. BA estimates around 8% of its total | :01:51. | :01:54. | |
cabin crew will walk out. To limit the damage, | :01:55. | :01:57. | |
the airline is merging some It is also talking to other carriers | :01:58. | :02:02. | |
such as Qatar Airways, which owns one-fifth of its parent | :02:03. | :02:07. | |
IAG, about using their services. Well, upsetting its customers again | :02:08. | :02:10. | |
is the last thing BA needs after a major IT crash last month | :02:11. | :02:15. | |
stranded 75,000 passengers. The financial cost | :02:16. | :02:22. | |
was some $100 million - but the cost to BA's reputation - | :02:23. | :02:26. | |
possibly much greater. Alan Bowen from AGB | :02:27. | :02:30. | |
Associates is with me. He is an airline analyst. This has | :02:31. | :02:44. | |
really become a very entrenched stand-off, hasn't it? And it is more | :02:45. | :02:49. | |
than just pay which is at stake. Yes, it started with pay. It relates | :02:50. | :02:53. | |
to cabin crew who began work after 2010 and they are on a very | :02:54. | :02:56. | |
different and much lower pay scale than staff who were there before. | :02:57. | :03:00. | |
But that has been resolved but BA took the view that because they went | :03:01. | :03:03. | |
on strike, they would lose all the additional benefits they are | :03:04. | :03:08. | |
entitled to. What will happen now? This is coming right in the middle | :03:09. | :03:11. | |
of the holiday season, really, at the start of it, anyway. How much | :03:12. | :03:18. | |
disruption is there going to be? Interestingly, BA seems to have | :03:19. | :03:21. | |
leased aircraft from Qatar airlines. Interesting choice. Indeed, we are | :03:22. | :03:26. | |
aware they are bringing in nine aircraft to operate flights which | :03:27. | :03:28. | |
they might not be able to operate themselves. The number of staff | :03:29. | :03:33. | |
going on strike maximum appears to be about 1400 and they have a total | :03:34. | :03:36. | |
of 15,000. Their intention is to operate as many flights as possible. | :03:37. | :03:40. | |
They have promised but we will have to wait and see whether it happens, | :03:41. | :03:43. | |
that they will get everyone everywhere they want to beat but | :03:44. | :03:50. | |
they've cancelled about six long-haul flights in the next seven | :03:51. | :03:53. | |
days. On short-haul, their aim is to ensure they operate at least one | :03:54. | :03:56. | |
flight per day on all routes so you may have to fly at a different time | :03:57. | :03:58. | |
but their intention is to get everyone to their destination. | :03:59. | :04:00. | |
Interesting choice of Qatar airlines given that they have been isolated | :04:01. | :04:05. | |
in recent political events. Indeed, Qatar has its own problems at home | :04:06. | :04:10. | |
and it is also a shareholder in IAG, the holding company of BA and for | :04:11. | :04:13. | |
the Middle East, this is low season because temperatures are very high | :04:14. | :04:16. | |
and people are not travelling. It is a win-win from that perspective. | :04:17. | :04:23. | |
Let's talk about BA's reputation because it was traditionally seen as | :04:24. | :04:29. | |
the flagship carrier, a step up those budget offerings but it feels | :04:30. | :04:33. | |
like all the recent headlines have been about cost-cutting and its | :04:34. | :04:36. | |
consequences. How the airline being viewed? Orange Mackreth a lot of | :04:37. | :04:39. | |
people are beginning to wonder whether it has still been the | :04:40. | :04:44. | |
world's favourite airline, it cut food and drink from short-haul | :04:45. | :04:47. | |
flights so you have to buy a sandwich on board if you want it. It | :04:48. | :04:51. | |
has upset most of the travel agents in Europe with an announcement they | :04:52. | :04:54. | |
are going to charge additional fees for travel agents to book them from | :04:55. | :04:58. | |
the 1st of November. And obviously, we had the disaster on the bank | :04:59. | :05:01. | |
holiday weekend. It is not looking great. Thank you for joining us. | :05:02. | :05:03. | |
Let's take a look at some of the other stories making the news. | :05:04. | :05:06. | |
Deutsche Bank has again rejected demands by US | :05:07. | :05:09. | |
House Democrats to provide details of President Donald Trump's | :05:10. | :05:14. | |
Deutsche Bank has loaned the Trump organisation millions of dollars | :05:15. | :05:21. | |
The European Union is appealing a recent World Trade Organisation | :05:22. | :05:27. | |
ruling in favour of the US over its state aid for Boeing. | :05:28. | :05:31. | |
Earlier this month, a WTO dispute panel found the US had dealt | :05:32. | :05:34. | |
with all but one of the instances of illegal subsidies | :05:35. | :05:36. | |
Two Montessori schools in New York won't let parents | :05:37. | :05:43. | |
pay by credit card - but they will now accept Bitcoin. | :05:44. | :05:46. | |
The schools added the option after a growing number | :05:47. | :05:48. | |
The decision comes as more and more places - | :05:49. | :05:59. | |
including universities in London and Greece - | :06:00. | :06:01. | |
no longer accept the digital currency as payment. | :06:02. | :06:04. | |
Have you ever paid for anything with bit groin? I certainly haven't. Me | :06:05. | :06:12. | |
neither, I would not know where to start. Let's take a look at some of | :06:13. | :06:17. | |
the stories on the business Live page and let's talk about rasp | :06:18. | :06:21. | |
reply, the computer. I thought you were bringing in pudding! It is a | :06:22. | :06:25. | |
microcomputer and the company behind it said they had no idea it would be | :06:26. | :06:32. | |
so big. It has sold 14 million of these tiny microcomputers, mainly | :06:33. | :06:35. | |
aimed at schools but they have now gone into a number of businesses and | :06:36. | :06:40. | |
industry as well and rasp reply has just won a top innovation prize from | :06:41. | :06:46. | |
the Royal Academy of engineering. -- Roseberry pie. Rory is going to | :06:47. | :06:51. | |
bring us in one. But not edible, sadly. | :06:52. | :06:52. | |
A Chinese bank and a shipping firm have been hit with sanctions | :06:53. | :06:54. | |
by the US over allegations of support for North Korea. | :06:55. | :06:57. | |
Let's get more with Tim McDonald who's in Singapore. | :06:58. | :07:01. | |
Tim, this is a real ratcheting up, perhaps in relations with China by | :07:02. | :07:10. | |
the US? Well, it is interesting you say that. In fact, the US has kind | :07:11. | :07:15. | |
that it not really so much about sending a message to China as just | :07:16. | :07:20. | |
focusing on the entities involved. In this case, as you've mentioned, | :07:21. | :07:24. | |
two Chinese citizens, a shipping company and the back, which the US | :07:25. | :07:29. | |
says are connected to North Korea's weapons programme, the bank of | :07:30. | :07:34. | |
Dandong which the Treasury Department has zeroed in on is for | :07:35. | :07:37. | |
all intents and purposes just a local Chinese bank, not well-known | :07:38. | :07:42. | |
beyond the city of Dandong itself but it's on the border with North | :07:43. | :07:45. | |
Korea and one of the few places where there is significant traffic | :07:46. | :07:48. | |
into and out of the country and the US says about 17% of its | :07:49. | :07:52. | |
transactions are with entities that have US or UN sanctions on them for | :07:53. | :07:55. | |
connections to North Korea's weapons programme. The US once again says | :07:56. | :08:00. | |
this is about sending a message to China, as well as the entities | :08:01. | :08:04. | |
involved. They continue to work with John on this. -- this is not about | :08:05. | :08:09. | |
sending a message to China, just the entities involved. They are | :08:10. | :08:11. | |
continuing to look at the entities which may be helping North Korea. | :08:12. | :08:12. | |
Thank you for joining us. The markets in Asia followed | :08:13. | :08:16. | |
the mood of Europe and Wall Street yesterday, | :08:17. | :08:22. | |
trading down - why? Those signals from the world central | :08:23. | :08:26. | |
banks that the almost decade-long era of low interest rates, | :08:27. | :08:29. | |
cheap money, is slowly and, given that the markets | :08:30. | :08:31. | |
are susceptible to sentiment, you might expect the optimism | :08:32. | :08:37. | |
to have a positive impact, but some investors are concerned | :08:38. | :08:40. | |
that the world economy might not be able to take the | :08:41. | :08:44. | |
interest rate rises. Europe yesterday had its worst day | :08:45. | :08:56. | |
for about nine months, and the Dax. A few months ago but it is down and | :08:57. | :09:02. | |
the FTSE is down. Let's go to Wall Street and see what is happening | :09:03. | :09:03. | |
there. US markets should be quiet on Friday | :09:04. | :09:10. | |
ahead of what is likely to be a long weekend giving the 4th of July | :09:11. | :09:14. | |
public holiday on Tuesday. Still, there is some economic data for | :09:15. | :09:18. | |
investors to consider. The University of Michigan consumer | :09:19. | :09:22. | |
sentiment index is released and the last reading this index showed | :09:23. | :09:24. | |
consumer sentiment at its lowest level since the presidential | :09:25. | :09:28. | |
election in November. Economists are not expecting it to have risen | :09:29. | :09:33. | |
significantly. There are no big company earnings out but that does | :09:34. | :09:36. | |
not mean you should not keep an eye out on energy stocks. On Thursday | :09:37. | :09:40. | |
afternoon, President Trump gave a speech boasting of the strength of | :09:41. | :09:45. | |
America's energy industry and claiming new initiatives would be | :09:46. | :09:47. | |
coming to boost power, natural gas and oil production. Maybe that will | :09:48. | :09:51. | |
bring some cheer to investors in those industries. | :09:52. | :09:55. | |
Michelle Fleury in New York. Joining us is Jeremy Cook, | :09:56. | :09:56. | |
Chief Economist, World First. Rachel was talking earlier about the | :09:57. | :10:05. | |
impact on the financial markets, particularly European indices and | :10:06. | :10:08. | |
Asian indices and the US, the fact it looks like it is the end of the | :10:09. | :10:13. | |
era of easy money but what is happening to the currency? It is and | :10:14. | :10:19. | |
some currencies, the euro and sterling, normally during the summer | :10:20. | :10:21. | |
doldrums, everything trades sideways but this is the time where central | :10:22. | :10:25. | |
bankers around the world have decided to inject a bit of | :10:26. | :10:28. | |
volatility into the markets. Sterling and the euro have both | :10:29. | :10:33. | |
gained in the past week as the bank of England and the ECB respectively | :10:34. | :10:37. | |
have said we should be getting prepared, or certainly policymakers | :10:38. | :10:41. | |
at the central banks are saying getting prepared for rate rises. | :10:42. | :10:44. | |
They are happy with where rates are at the moment but they want to say | :10:45. | :10:48. | |
rate rises are coming soon. Explain why that is. If the dollar is more | :10:49. | :10:54. | |
in demand? The best way to think about currencies is like savings | :10:55. | :10:58. | |
accounts. Where are you going to put your money? If I gave you both | :10:59. | :11:02. | |
?10,000 now, I'm a generous guy, and said you could put it in a savings | :11:03. | :11:07. | |
account, savings account that pays you 2%, or 4%, you will put it in | :11:08. | :11:11. | |
the one that pays 4% but if they both pay 2% and you think the second | :11:12. | :11:15. | |
one will hike in interest rates, more money will flow into that so | :11:16. | :11:18. | |
investors are looking at it that way. Excellent interest -- excellent | :11:19. | :11:25. | |
explanation. And data coming out of China as regards to factory output, | :11:26. | :11:29. | |
what is that showing? Manufacturing PMI rising a bit so this is | :11:30. | :11:33. | |
sentiment in the manufacturing industry in China, the largest in | :11:34. | :11:36. | |
the world, the second largest economy in a while and if they are | :11:37. | :11:39. | |
doing well, that should flow through the rest of Asia and Manufacturing | :11:40. | :11:43. | |
is normally the first thing to roll higher in a new input or spurt of | :11:44. | :11:48. | |
economic growth. If China is doing well, hopefully the rest of Asia is | :11:49. | :11:52. | |
doing well and a lot of the economic centre of gravity has shifted there, | :11:53. | :11:55. | |
given the pick-up of Southeast Asia in the past ten or 20 years. Thank | :11:56. | :11:59. | |
you for joining us. And I know you will come back to talk through some | :12:00. | :12:03. | |
of the other stories in the papers. Some interesting ones. What can't | :12:04. | :12:05. | |
you go abroad without? Have a thing. Still to come - record | :12:06. | :12:07. | |
fines and cyber attacks - it's been a big week | :12:08. | :12:10. | |
in the tech world. We'll make sense of it | :12:11. | :12:13. | |
all with the man in the know, our technology correspondent, | :12:14. | :12:16. | |
in a few minutes. You're with Business | :12:17. | :12:17. | |
Live from BBC News. A survey of UK consumer confidence | :12:18. | :12:26. | |
suggests it has fallen to the lowest level since last June's referendum | :12:27. | :12:30. | |
on European Union membership. Researchers at GfK, | :12:31. | :12:34. | |
which conducted the research, found that the biggest drop | :12:35. | :12:37. | |
was in people's willingness And later today, we find out | :12:38. | :12:40. | |
the final figure for economic growth in the first quarter of this year, | :12:41. | :12:45. | |
which was revised down to 0.2%. Well, let's get more with our | :12:46. | :12:51. | |
business correspondent Theo Leggett. Let's start with the growth figures. | :12:52. | :13:01. | |
Remind us what figure we were given initially at where we stand at the | :13:02. | :13:05. | |
moment. The figure we were given initially for the first quarter was | :13:06. | :13:09. | |
0.3% compared to the previous quarter. That has since been revised | :13:10. | :13:14. | |
down as more information comes in, to 0.2% and we are expecting it to | :13:15. | :13:18. | |
be finalised at about that level and that is a significant slowdown from | :13:19. | :13:23. | |
the tail end of last year when the figure was 0.7%. Any indication that | :13:24. | :13:27. | |
consumer confidence is declining is worrying because it suggests that | :13:28. | :13:31. | |
could weigh on growth in the future. That is true, the consumer | :13:32. | :13:35. | |
confidence... But are there other indications of why that is? Several | :13:36. | :13:40. | |
factors could be at play. One of them is clearly uncertainty caused | :13:41. | :13:44. | |
by the general election. If you compare this survey with another one | :13:45. | :13:48. | |
that came out earlier in the week from YouGov, that suggested that | :13:49. | :13:51. | |
consumer confidence was reasonably stable up until the election and | :13:52. | :13:54. | |
then declined quite dramatically afterwards but you have to factor in | :13:55. | :13:58. | |
other matters as well. The decline in the value of sterling since the | :13:59. | :14:02. | |
referendum last year, that is starting to feed through to | :14:03. | :14:06. | |
inflation. One thing we are seeing in this survey is that people are | :14:07. | :14:09. | |
becoming more reluctant to spend on big-ticket items like washing | :14:10. | :14:13. | |
machines and pieces of furniture. The simple reason is, those things | :14:14. | :14:19. | |
are becoming expensive. If they are imported, they will certainly be | :14:20. | :14:21. | |
more expensive. There's pressure on wages as well, wage growth is not | :14:22. | :14:25. | |
what it once was. The combination of things getting more expensive and | :14:26. | :14:29. | |
people not feeling they are going to get any wealthier, that may be | :14:30. | :14:34. | |
suppressing consumer as well. -- consumer confidence. Thank you for | :14:35. | :14:35. | |
joining us. Another story we want to tell you | :14:36. | :14:41. | |
about on the business page, Trinity Mirror has allocated more money to | :14:42. | :14:45. | |
phone hacking claims, setting aside an extra ?7.5 million to cover | :14:46. | :14:50. | |
claims related to the hacking of phones which adds to the ?26 million | :14:51. | :14:54. | |
it had already earmarked to pay for that. It has settled cases with | :14:55. | :14:57. | |
dozens of celebrities, the newspaper group. | :14:58. | :15:01. | |
Our top story - British Airways prepares for a major walk-out | :15:02. | :15:10. | |
by cabin crew that will ground some of the carriers' scheduled flights. | :15:11. | :15:13. | |
It comes only weeks after an IT glitch caused chaos for the airline. | :15:14. | :15:22. | |
A quick look at how markets are faring. | :15:23. | :15:26. | |
It is red across the board at the moment. The FTSE 100 down and there | :15:27. | :15:35. | |
are concerns about the era of easy money coming to an end that has | :15:36. | :15:41. | |
affected the stock markets and the currencies. | :15:42. | :15:43. | |
And now let's get the inside track on tech. | :15:44. | :15:45. | |
This week, Google was slapped with the EU's | :15:46. | :15:47. | |
largest ever fine for distorting the market. | :15:48. | :15:49. | |
The European Commission fined the tech giant | :15:50. | :15:50. | |
$2.7 billion after it ruled the company had abused its power | :15:51. | :15:53. | |
by promoting its own shopping comparison service | :15:54. | :15:55. | |
And a large-scale cyber attack involving malicious software | :15:56. | :15:58. | |
disrupted firms' computer systems, hitting Ukraine especially hard, | :15:59. | :16:00. | |
but spreading to countries as far apart as Norway and India, | :16:01. | :16:03. | |
Let's find out more with our technology correspondent | :16:04. | :16:08. | |
Let's start with this cyber-attack, it seems as though it was mainly | :16:09. | :16:22. | |
targeted on Ukraine, but spread out. When glitches, the patches weren't | :16:23. | :16:27. | |
put in places that's right? When it first happened, we thought is it a | :16:28. | :16:33. | |
repeat of that attack we saw around the world. It does appear to be | :16:34. | :16:37. | |
similar, but different in crucial ways. Yes, it appears to have been | :16:38. | :16:43. | |
targeted at Ukraine and there is suspicion being thrown at Russia, | :16:44. | :16:53. | |
but the technique is different. It looks like the other one. But it is | :16:54. | :16:59. | |
actually wiping data. It is not actually they think about gaining | :17:00. | :17:06. | |
money, it is a malicious attack which indicates it could be | :17:07. | :17:14. | |
state-sponsored. But it hit a Russian airline. Once the attacks | :17:15. | :17:20. | |
are out there, their effects can be unpredictable. Now that Google fine, | :17:21. | :17:26. | |
higher than many people expected. Yes it was a real marker for how | :17:27. | :17:36. | |
determined the European competition is and it has opened up a split | :17:37. | :17:39. | |
between Europe and the United States. Europe says we are complying | :17:40. | :17:46. | |
competition law. Voices from America saying, you're biased against our | :17:47. | :17:49. | |
successful company. All the company has done is be the best in its field | :17:50. | :17:56. | |
and used its skills to conquer a market. Europe believing that Google | :17:57. | :18:01. | |
is abusing that dominance in one area to spread into other | :18:02. | :18:07. | |
businesses. Remind us what they did? It is about shopping services, put a | :18:08. | :18:12. | |
name of a product into Google, put in leather shoes and a box comes up | :18:13. | :18:18. | |
with adverts and when you click on one advert, Google earns money. | :18:19. | :18:23. | |
Other price comparison sites are available, but you will struggle to | :18:24. | :18:29. | |
find them in a Google search. I spoke to companies who say their | :18:30. | :18:34. | |
businesses have been affected and other search companies, by the | :18:35. | :18:39. | |
practices. It is difficult to get back into the market. Could it lead | :18:40. | :18:43. | |
to more innovation in Europe. The argument from America is the | :18:44. | :18:49. | |
opposite, it is punishing innovation and the European commission doesn't | :18:50. | :18:53. | |
understand how business works. Google says people have a choice and | :18:54. | :18:58. | |
they say their big rival is Amazon and you go there. Perhaps there | :18:59. | :19:03. | |
could be more competition do you think in certain areas of the world | :19:04. | :19:09. | |
where the dominance of Google has been reigned back. The bigger | :19:10. | :19:16. | |
picture, experts say this is possibly the wrong target and there | :19:17. | :19:22. | |
is the dominance of three or four American technology giants and | :19:23. | :19:26. | |
concern around the world the regulators need to do something to | :19:27. | :19:31. | |
hold that back, to attack that, otherwise we won't see the | :19:32. | :19:38. | |
innovation we expect. Thank you. We are going to be talking about | :19:39. | :19:46. | |
Raspberry Pis. It is not a dessert. It is a tiny computer launched in | :19:47. | :19:52. | |
2012 in an attempt to change the way children understood computers and to | :19:53. | :19:58. | |
get them programming. It has had a bigger effect than expected, the | :19:59. | :20:01. | |
reason we are talking about it is last night it was awarded the | :20:02. | :20:08. | |
biggest annual prize for engineering, the prize that has been | :20:09. | :20:15. | |
won by Rolls-Royce and lots of huge projects, it has won it, because it | :20:16. | :20:19. | |
has gone beyond being an educational tool and it is ending up in | :20:20. | :20:24. | |
factories, the 40 million that are sold are ending up in factories. It | :20:25. | :20:29. | |
started off to encourage children to get into coding. Yes it had modest | :20:30. | :20:38. | |
ambitions and they expected to sell tens of thousand, it is a charitable | :20:39. | :20:44. | |
aim, the bigger project is encouraging kids around the world to | :20:45. | :20:48. | |
get into coding. So just a great example of how something can snow | :20:49. | :20:57. | |
ball, a bit of engeneral youty, came from -- ingenuity. Have you coded | :20:58. | :21:02. | |
with it? Yes I'm very inexpert, but I did manage to make a radio with | :21:03. | :21:11. | |
this. I was very proud of myself. So you're never too old to learn. That | :21:12. | :21:13. | |
is what I'm told. Thank you. In a moment we'll take a look | :21:14. | :21:19. | |
through the Business Pages but first here's a quick reminder of how | :21:20. | :21:22. | |
to get in touch with us. The business live page is where you | :21:23. | :21:30. | |
can stay ahead with the business news and all the latest details with | :21:31. | :21:36. | |
insight and analysis from the BBC's editors around the world. We want to | :21:37. | :21:41. | |
hear from you too. Get involved on the BBC Business Live web page. | :21:42. | :21:57. | |
Jeremy is back to look through the papers. | :21:58. | :22:02. | |
We will start with that cyber security story, this is is an | :22:03. | :22:10. | |
innovation that happened to bark cards in -- bank cards in France, | :22:11. | :22:15. | |
where the three little numbers on the back, there is a computer screen | :22:16. | :22:20. | |
on the card. That is incredible and the numbers will change on an hourly | :22:21. | :22:27. | |
basis, if somebody finds your card there is a number that is always | :22:28. | :22:32. | |
static. So this is to try and cut down the online fraud, which has | :22:33. | :22:40. | |
boomed, as we have decided to shop more and more online, I think, it is | :22:41. | :22:44. | |
something like 28% of all US commerce is online at the moment. So | :22:45. | :22:50. | |
imagine the size of the Amazons and that when it gets to 50%. But the | :22:51. | :22:56. | |
fraudsters are taking advantage. Interesting this has come from | :22:57. | :23:01. | |
France, actually chip and pin was first developed in France you go to | :23:02. | :23:05. | |
France and think what is this? And it took us a few years. You go | :23:06. | :23:10. | |
around the world and chip and pin which we treat here in the UK and in | :23:11. | :23:16. | |
Europe as de facto and contactless, in the United States for example, | :23:17. | :23:19. | |
you still have to sign for things. There is a long way for the security | :23:20. | :23:26. | |
protocols to become the same. But this is fighting the fraudsters. Now | :23:27. | :23:34. | |
Weetabix has been seized in New Zealand. In a breakfast bowl battle. | :23:35. | :23:42. | |
Post-Brexit relations with New Zealand are already fraught. We | :23:43. | :23:47. | |
asked our viewers to tell us what they can't go without. This has been | :23:48. | :23:54. | |
shipped to New Zealand to be sold in a ship in Christchurch. Alan said, | :23:55. | :24:07. | |
HP Sauce, crumpets. One said my lap top. One said, are they impounding | :24:08. | :24:15. | |
Weetabix to try and stop The British Lions. Yes we will need all the help | :24:16. | :24:25. | |
we can get on Saturday. This is about Weetabix and Weet-bix that is | :24:26. | :24:31. | |
the New Zealand version. There are hundreds of packets. 300 boxes not | :24:32. | :24:39. | |
being served into this small business, A Little Bit of Britain, | :24:40. | :24:44. | |
that sells things to ex-pats there. This is a portion of just, I'm | :24:45. | :24:53. | |
looking at it through t kaleidoscope of Brexit. We will have to sign | :24:54. | :24:58. | |
deals to stop this. There will be trade marks that exist any way. Yes, | :24:59. | :25:03. | |
but in the grand scheme of things, these businesses don't just exist in | :25:04. | :25:08. | |
New Zealand, there is a very big one in New York which I pop by and you | :25:09. | :25:15. | |
see people buying 12 pound boxes of Yorkshire tea. One says, when I go | :25:16. | :25:24. | |
abroad, I must are a a packet of digestive biscuits. . I have to have | :25:25. | :25:31. | |
cheese and onion crisps. Don't eat them on the plane. Thank you for | :25:32. | :25:33. | |
coming in. There will be more business news | :25:34. | :25:37. | |
throughout the day on the BBC Live web page and on World Business | :25:38. | :25:40. | |
Report. It has been very wet for some of us | :25:41. | :25:54. | |
and in Edinburgh you have had more rain in | :25:55. | :25:56. |