Browse content similar to 13/11/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC | 0:00:05 | 0:00:07 | |
News with Sally Bundock | 0:00:07 | 0:00:08 | |
and Jamie Robertson. | 0:00:08 | 0:00:10 | |
Brexit summit at Downing Street -
the UK Prime Minister meets European | 0:00:10 | 0:00:13 | |
business leaders to hear their views
on how to make a smooth separation | 0:00:13 | 0:00:16 | |
from the European Union. | 0:00:16 | 0:00:18 | |
Live from London, that's
our top story on Monday | 0:00:18 | 0:00:20 | |
the 13th of November. | 0:00:20 | 0:00:23 | |
Leading business experts
will press for a transitional | 0:00:37 | 0:00:40 | |
period after the UK leaves
the single market. | 0:00:40 | 0:00:47 | |
But what will Theresa May have to
say to them? | 0:00:47 | 0:00:49 | |
Also in the programme -
a new passenger on board. | 0:00:49 | 0:00:52 | |
Ride-hailing firm Uber strikes
a huge investment deal | 0:00:52 | 0:00:53 | |
with Japan's Softbank. | 0:00:53 | 0:01:03 | |
The European markets have opened,
and as you can see, they are mixed | 0:01:03 | 0:01:07 | |
for now. We will talk you through
the winners and losers, and we will | 0:01:07 | 0:01:11 | |
have the latest from the Asian
summit. | 0:01:11 | 0:01:13 | |
Does your city need a make-over? | 0:01:13 | 0:01:15 | |
Your country getting bad press? | 0:01:15 | 0:01:17 | |
The Institute for Identity
could help - it's a company | 0:01:17 | 0:01:19 | |
specialising in re-branding
for places British authorities say | 0:01:19 | 0:01:25 | |
Kaspersky anti-virus software
could allow foreign governments | 0:01:25 | 0:01:28 | |
to spy on you - so with all
the technology out there - | 0:01:28 | 0:01:33 | |
do you think you're being listened
to or spied on? | 0:01:33 | 0:01:37 | |
Just use the hashtag BBCBizLive. | 0:01:37 | 0:01:39 | |
Hello and welcome to Business Live. | 0:01:51 | 0:01:56 | |
Do get in touch. Let us know your
thoughts on technology and what it | 0:01:56 | 0:02:01 | |
is listening to and hearing. Let's
start with Brexit. | 0:02:01 | 0:02:06 | |
As Britain's departure
from the European Union draws ever | 0:02:06 | 0:02:08 | |
closer there's growing scrutiny over
future trade links | 0:02:08 | 0:02:10 | |
between the two sides. | 0:02:10 | 0:02:13 | |
So for the first time,
Prime Minister Theresa May | 0:02:13 | 0:02:15 | |
will welcome European business
leaders to Downing Street later. | 0:02:15 | 0:02:17 | |
She wants their input
on how to minimise | 0:02:17 | 0:02:20 | |
disruption after March 2019. | 0:02:20 | 0:02:27 | |
15 leading business organisations
from across the continent, | 0:02:27 | 0:02:30 | |
including experts from
the Confederation of | 0:02:30 | 0:02:33 | |
British Industry and Institute
of Directors, will be there. | 0:02:33 | 0:02:37 | |
Last year the UK exchanged
about 730 billion dollars' worth | 0:02:37 | 0:02:40 | |
of goods and services with the other
27 EU countries. | 0:02:40 | 0:02:46 | |
That amounts to 43 percent
of total UK exports. | 0:02:46 | 0:02:54 | |
When it comes to goods,
the biggest share of that is taken | 0:02:54 | 0:02:57 | |
up by cars and chemicals. | 0:02:57 | 0:03:07 | |
Matthew Goodwin, senior fellow
at Chatham House, is with me. | 0:03:09 | 0:03:13 | |
Are all the business is there
speaking with one voice? And what | 0:03:13 | 0:03:17 | |
are they saying? There are
businesses from 11 countries | 0:03:17 | 0:03:20 | |
visiting the Prime Minister today,
and they do speak from one page. | 0:03:20 | 0:03:26 | |
They want more detail on the
transition deal, saying to the Prime | 0:03:26 | 0:03:29 | |
Minister, get on with sorting out
what Britain's going to pay to | 0:03:29 | 0:03:34 | |
Brussels, let's really hammer home
the new trade relationship. There | 0:03:34 | 0:03:37 | |
are other businesses that say,
actually, all of this is delaying | 0:03:37 | 0:03:41 | |
what Brexit is really about, in
their view, which is getting on and | 0:03:41 | 0:03:45 | |
signing trade agreements with other
countries around the world. This is | 0:03:45 | 0:03:49 | |
the difference between a soft Brexit
and a hard a soft one asking for are | 0:03:49 | 0:03:54 | |
a Narine -- an arrangement that will
spread things out over two years. Is | 0:03:54 | 0:04:01 | |
absolutely right. It is about
getting a transition and then moving | 0:04:01 | 0:04:06 | |
into a relationship that is similar
to the one we had before, which | 0:04:06 | 0:04:10 | |
keeps business closed that single
market. Hard Brexit is crashing out | 0:04:10 | 0:04:14 | |
of that into a sort of World Trade
Organisation model where you would | 0:04:14 | 0:04:19 | |
have to be negotiating things like
tariffs and a much more complex | 0:04:19 | 0:04:24 | |
relationship with Europe, but one
that you could argue would give | 0:04:24 | 0:04:27 | |
Britain a bit more flexibility in
terms of those relationships with | 0:04:27 | 0:04:30 | |
other countries. Theresa May, is she
in listening mode? She has to be. | 0:04:30 | 0:04:36 | |
Business is a strong voice. Let's
not forget that businesses also | 0:04:36 | 0:04:41 | |
concerned about the much higher
level of political volatility in the | 0:04:41 | 0:04:45 | |
UK. We have a cabinet that is fairly
split, a Prime Minister that since | 0:04:45 | 0:04:50 | |
the election is weaker, and a
resurgent Labour Party that has a | 0:04:50 | 0:04:54 | |
different vision of what Brexit
would entail, and they will go in | 0:04:54 | 0:04:59 | |
there today knowing that Theresa May
is under pressure. That is | 0:04:59 | 0:05:03 | |
interesting, because on one hand,
she has a party she has to hold | 0:05:03 | 0:05:07 | |
together, but she also has not got a
reputation for being that business- | 0:05:07 | 0:05:11 | |
friendly. A lot of the ideas she
came out with, workers' | 0:05:11 | 0:05:17 | |
representative on boards, looking at
the size of bonuses, all that seemed | 0:05:17 | 0:05:23 | |
to be anti-business, and one wonders
whether she really is that | 0:05:23 | 0:05:27 | |
sympathetic to what they are going
to be saying. The key line we need | 0:05:27 | 0:05:31 | |
to be aware of is that between
business and voters. Some of Theresa | 0:05:31 | 0:05:36 | |
May's proposals were not popular
amongst business, but they were | 0:05:36 | 0:05:40 | |
popular amongst voters, and this
tension runs right through the | 0:05:40 | 0:05:44 | |
Brexit debate. That makes me feel
she may be more interested in what | 0:05:44 | 0:05:48 | |
the voters think than what business
things. The electorate are still | 0:05:48 | 0:05:52 | |
very concerned over what they see as
an economy that is tilted towards | 0:05:52 | 0:05:56 | |
London and the elite, in broad
terms, concerned that globalisation | 0:05:56 | 0:06:00 | |
doesn't seem to be very fair, isn't
distributing resources in a fair | 0:06:00 | 0:06:05 | |
way. But what is our new migration
policy going to be? Business says | 0:06:05 | 0:06:13 | |
that we can't last migration because
it will hurt the economy. But those | 0:06:13 | 0:06:16 | |
who voted to leave are saying that
they really want reductions in | 0:06:16 | 0:06:21 | |
overall migration into the UK. So
many circles to be squared. Thank | 0:06:21 | 0:06:26 | |
you for joining us. | 0:06:26 | 0:06:29 | |
Boeing has snatched up a dream
of a deal from its rival Airbus | 0:06:29 | 0:06:32 | |
at the Dubai Air Show. | 0:06:32 | 0:06:33 | |
Emirates has placed a preliminary
order for 40 of their 787 | 0:06:33 | 0:06:36 | |
Dreamliners in a deal worth
about $15 billion. | 0:06:36 | 0:06:40 | |
That's a blow to Airbus, who was
expecting a deal of their own. | 0:06:40 | 0:06:49 | |
The numbers are in from the world's
biggest online shopping | 0:06:49 | 0:06:51 | |
event , Singles Day. | 0:06:51 | 0:06:52 | |
Chinese internet giant Alibaba sold
$25 billion dollars' worth | 0:06:52 | 0:06:55 | |
of deals on November 11th. | 0:06:55 | 0:06:56 | |
Last year, Alibaba sales
hit a record 18 billion | 0:06:56 | 0:06:58 | |
dollars in 24 hours. | 0:06:59 | 0:07:08 | |
Britain's digital surveillance
agency, GCHQ, says it has concerns | 0:07:10 | 0:07:12 | |
about Kaspersky anti-virus software. | 0:07:12 | 0:07:13 | |
The Financial Times
says the software - | 0:07:13 | 0:07:15 | |
given away free by Barclays to more
than two million customers - could | 0:07:15 | 0:07:18 | |
be used as an intelligence-gathering
tool by the Russian government. | 0:07:18 | 0:07:25 | |
That is the story were asking for
your comments on. We are asking the | 0:07:31 | 0:07:36 | |
general question, are you concerned
that you are being spied on? We were | 0:07:36 | 0:07:41 | |
talking about how we had a
conversation near to our phone and | 0:07:41 | 0:07:47 | |
then we started getting adverts on
social media. Spooky! | 0:07:47 | 0:07:55 | |
President Trump is now
in the Philippines to | 0:07:55 | 0:07:57 | |
attend the ASEAN summit -
that's the Association | 0:07:57 | 0:08:03 | |
of Southeast Asian Nations. | 0:08:03 | 0:08:05 | |
He's been meeting the controversial
leader Rodrigo Duterte, | 0:08:05 | 0:08:07 | |
whose drug war has claimed
thousands of lives. | 0:08:07 | 0:08:10 | |
Leisha Santorelli is in Singapore. | 0:08:10 | 0:08:20 | |
Tell us about today in Manila.
Sally, Donald Trump is on the final | 0:08:20 | 0:08:26 | |
leg of his Asian tour and he met
with the Philippine president for | 0:08:26 | 0:08:31 | |
about 40 minutes. According to
reports, the issue of human rights | 0:08:31 | 0:08:37 | |
was only touched upon, which will
disappoint activists who have been | 0:08:37 | 0:08:40 | |
calling for President Trump to take
a tough line over the Philippine War | 0:08:40 | 0:08:43 | |
on drugs. The president is clearly
focusing on boosting trade and | 0:08:43 | 0:08:49 | |
business ties and is said to have
discussed our bilateral trade deal | 0:08:49 | 0:08:52 | |
with the Philippines. Apparently he
asked the Philippine president by | 0:08:52 | 0:08:57 | |
American cars face higher tariffs
than Japanese cars being imported | 0:08:57 | 0:09:02 | |
into the Philippines. It is all
about putting America first. He | 0:09:02 | 0:09:05 | |
stressed that he is looking for fair
and reciprocal trade relationships | 0:09:05 | 0:09:09 | |
in the region, so now he is pushing
towards more bilateral trade deals | 0:09:09 | 0:09:15 | |
versus big multilateral deals. One
of his first acts on entering office | 0:09:15 | 0:09:19 | |
was to pull out of the transpacific
partnership, so in his meetings | 0:09:19 | 0:09:23 | |
today in the Philippines, it is
clear he is trying to boost ties | 0:09:23 | 0:09:28 | |
with his counterpart there. Very
interesting. Lots more on that on | 0:09:28 | 0:09:32 | |
our website. Let's look at markets
in Asia. It is quite mixed. We saw | 0:09:32 | 0:09:39 | |
Japan down this Monday, and as you
can see, other markets in Asia are | 0:09:39 | 0:09:43 | |
fairly mixed. The pound sterling is
very weak versus the dollar, based | 0:09:43 | 0:09:52 | |
on a lot of concerns around Brexit
and around Theresa May's position as | 0:09:52 | 0:09:58 | |
Prime Minister. A lot of concern
about her support within her party. | 0:09:58 | 0:10:03 | |
Let's look at Europe and see how
things are giving so far. The | 0:10:03 | 0:10:11 | |
bitcalling is dropping. -- Bitcoin.
The marketing Europe are doing OK, | 0:10:11 | 0:10:26 | |
if a little flat. On Wall Street,
Samir Hussein has the day ahead. | 0:10:26 | 0:10:32 | |
Company earnings continue this week.
On Monday, we will hear from the | 0:10:32 | 0:10:37 | |
number-1 meat processor, Tyson
foods. Increased demand for chicken | 0:10:37 | 0:10:41 | |
will help cells, but the company
must content with falling poultry | 0:10:41 | 0:10:46 | |
and beef prices. Also reporting is
General Electric. The new CEO is | 0:10:46 | 0:10:51 | |
expected to cut earnings targets and
announce a plan to cut costs and | 0:10:51 | 0:10:55 | |
boost profits. He is also likely to
announce management changes, Star | 0:10:55 | 0:11:00 | |
productions and a dividend cut. This
comes as the 125-year-old industrial | 0:11:00 | 0:11:06 | |
conglomerate tries to boost earnings
which stalled under their former | 0:11:06 | 0:11:10 | |
CEO. Add in the coming week, we can
expect to hear from retail giant | 0:11:10 | 0:11:15 | |
Walmart and its big competitor,
Target. | 0:11:15 | 0:11:24 | |
Joining us is Nandini Ramakrishnan,
Global Market Strategist at J.P. | 0:11:24 | 0:11:26 | |
Morgan Asset Management | 0:11:26 | 0:11:30 | |
Good morning. The pound and the FTSE
100 are giving in opposite | 0:11:30 | 0:11:38 | |
directions this morning. It is all
connected, isn't it? They source 70% | 0:11:38 | 0:11:49 | |
of their revenues from outside the
UK, so cheaper pound makes their | 0:11:49 | 0:11:56 | |
goods more attractive. They are more
confident that they can sell goods | 0:11:56 | 0:11:59 | |
and services to the rest of the
world. That is why it plays out in | 0:11:59 | 0:12:02 | |
reverse directions. The pound is a
volatile currency, but why is it | 0:12:02 | 0:12:08 | |
going down? It has been volatile
over the last year and a half, | 0:12:08 | 0:12:12 | |
starting with the Brexit referendum
result. There is no business about | 0:12:12 | 0:12:15 | |
the progress of the negotiations,
what will Theresa May speak to those | 0:12:15 | 0:12:20 | |
business leader groups about today
and over the course of the week was | 0:12:20 | 0:12:24 | |
like all these novas worries about
the strength of the UK position | 0:12:24 | 0:12:30 | |
versus the rest of the Europeans.
The pound will move up and down over | 0:12:30 | 0:12:37 | |
the course of the next few months
because of how uncertain some of the | 0:12:37 | 0:12:43 | |
negotiations are. What are you
watching out for this week? A lot of | 0:12:43 | 0:12:48 | |
data from China, retail sales, the
amount that consumers in China are | 0:12:48 | 0:12:52 | |
spending. We will see industrial
production of China as well, and it | 0:12:52 | 0:12:58 | |
will be good to see if the new China
story is coming through, the rise of | 0:12:58 | 0:13:02 | |
the consumer rather than the
industrial oriented economy. They | 0:13:02 | 0:13:09 | |
spent $25 billion in 24 hours. We
will leave it there. Have a think | 0:13:09 | 0:13:21 | |
about is whether you are worried
about being spied on. Are you being | 0:13:21 | 0:13:27 | |
spied on? Hope not! | 0:13:27 | 0:13:29 | |
Still to come: Giving
geographical make-overs - | 0:13:29 | 0:13:30 | |
we'll be speaking to a company that
does re-branding for | 0:13:30 | 0:13:33 | |
countries and cities. | 0:13:33 | 0:13:34 | |
You're with Business
Live from BBC News. | 0:13:34 | 0:13:38 | |
Here in the UK, lots of companies
have come out with earnings. | 0:13:50 | 0:13:53 | |
UK housebuilder firm Taylor Wimpey
has announced that it had strong | 0:13:53 | 0:13:56 | |
second half year results,
supported by demand for new housing. | 0:13:56 | 0:14:01 | |
However, it reported a slight dip
in its order book of 8,751 homes | 0:14:01 | 0:14:05 | |
valued at £2.2 billion. | 0:14:05 | 0:14:09 | |
This compared to last
year's order book of 8,981 | 0:14:09 | 0:14:13 | |
houses worth £2.3 billion. | 0:14:13 | 0:14:20 | |
A small dip, to sum that up. | 0:14:20 | 0:14:21 | |
What does this say
about the housing sector? | 0:14:21 | 0:14:23 | |
Joining us now from Bristol,
is Laith Khalaf, Senior Analyst | 0:14:23 | 0:14:26 | |
at Hargreaves Lansdown. | 0:14:26 | 0:14:31 | |
Reading between the lines, the news
from Taylor Wimpey, what does it | 0:14:31 | 0:14:35 | |
tell us about the strength of the
housing market and the construction | 0:14:35 | 0:14:37 | |
sector? It tells us it is pretty
strong. It is business as usual, | 0:14:37 | 0:14:43 | |
really, if you look at the trends we
are seeing. They reflect the picture | 0:14:43 | 0:14:49 | |
of across the last year and before
that, which is that the | 0:14:49 | 0:14:52 | |
house-building sector is pretty
robust. It has been helped along by | 0:14:52 | 0:14:56 | |
a number of tailwinds, one of which
has been low interest rates, of | 0:14:56 | 0:15:01 | |
course, but we have also had the
help her by scheme which help people | 0:15:01 | 0:15:06 | |
get mortgages as well. -- help to by
scheme. There are people who want to | 0:15:06 | 0:15:15 | |
own a house but there aren't enough
to go around, so demand is high. | 0:15:15 | 0:15:19 | |
What about the budget? Are their
worries that that will be bad for | 0:15:19 | 0:15:23 | |
housing or good for it? It seems as
though there has been quite a lot of | 0:15:23 | 0:15:29 | |
talk about more houses, but do you
think it will come to anything in | 0:15:29 | 0:15:31 | |
the budget? | 0:15:31 | 0:15:36 | |
We will have to wait until next week
to see. It is high on the agenda, | 0:15:36 | 0:15:41 | |
this home ownership crisis. Question
is, what does the government do | 0:15:41 | 0:15:45 | |
about it? That could befriend or
photo for the house-building sector. | 0:15:45 | 0:15:50 | |
The way the government has played it
so far is, of course, that it is | 0:15:50 | 0:15:54 | |
trying to incentivise and encourage
homeownership. -- friend or foe. | 0:15:54 | 0:16:02 | |
Particularly in the private sector,
which has helped house-builders. But | 0:16:02 | 0:16:06 | |
it might affect the government
building houses itself, which could | 0:16:06 | 0:16:09 | |
in fact take business away from the
house-builders. It is up in the air | 0:16:09 | 0:16:14 | |
on where we go on that. Thanks very
much. | 0:16:14 | 0:16:17 | |
You're watching Business Live -
our top story: A Brexit | 0:16:28 | 0:16:33 | |
summit at Downing Street
later today - the UK | 0:16:33 | 0:16:42 | |
The UK Prime Minister
will meet European business | 0:16:45 | 0:16:47 | |
leaders to hear their views | 0:16:47 | 0:16:48 | |
on how to make a smooth separation
from the European Union. | 0:16:48 | 0:16:51 | |
And now let's get the inside track
on Institute for Identity | 0:16:51 | 0:16:53 | |
The complicated issue of a nation's
identity has become big business. | 0:16:53 | 0:16:56 | |
How a state or a region or a country
is perceived on the world stage can | 0:16:56 | 0:17:00 | |
add millions to its GDP. | 0:17:00 | 0:17:02 | |
Recent events like the situation in
Catalonia, Brexit, and Donald Trump | 0:17:02 | 0:17:12 | |
winning the election. | 0:17:12 | 0:17:15 | |
Natasha Grand, originally
from Minsk, and her husband Alex | 0:17:15 | 0:17:17 | |
have tapped into. | 0:17:17 | 0:17:18 | |
They founded the Institute
for Identity in order to delve | 0:17:18 | 0:17:20 | |
deeper into the psyches of some
of the lesser known Russian | 0:17:20 | 0:17:23 | |
states and to brand them
to the wider world. | 0:17:23 | 0:17:25 | |
How did you start this? I was
working in the city as a political | 0:17:25 | 0:17:28 | |
risk strategist. The region I was
covering spent a lot of money on | 0:17:28 | 0:17:35 | |
making a nice show for themselves
but actually all they wanted to say | 0:17:35 | 0:17:38 | |
is that they are all right, they
have good infrastructure, their | 0:17:38 | 0:17:42 | |
ratings are fine, but what they
probably did not capture is that it | 0:17:42 | 0:17:47 | |
is not what you should be saying,
everybody is saying the same should | 0:17:47 | 0:17:50 | |
be talking about the about the
culture, the ethics in your region, | 0:17:50 | 0:17:53 | |
the fact your people are
hard-working and want to be leaders. | 0:17:53 | 0:17:57 | |
I think this sense of authenticity
and what people are really like is | 0:17:57 | 0:18:02 | |
quite great for both investors and
visitors alike. It's the unique | 0:18:02 | 0:18:06 | |
selling point of a city, a country,
that kind of thing, which is surely | 0:18:06 | 0:18:11 | |
already out there in terms of what a
city needs to do. For some nations, | 0:18:11 | 0:18:17 | |
even Britain sometimes, struggles
INAUDIBLE | 0:18:17 | 0:18:23 | |
If you talk about lesser-known
places, it isn't just marketing, you | 0:18:23 | 0:18:26 | |
have to look at the people.
The way they've probably never | 0:18:26 | 0:18:29 | |
looked at themselves and say, this
is your tradition, your culture, | 0:18:29 | 0:18:32 | |
this is how you do things, this is
what you should be telling about | 0:18:32 | 0:18:36 | |
yourselves. Britain is an
interesting one. What about England, | 0:18:36 | 0:18:40 | |
how would you market England rather
than Britain? It's not just England. | 0:18:40 | 0:18:45 | |
If somebody doesn't want to set up
business in London, how can Kent and | 0:18:45 | 0:18:51 | |
Cambridge compete for this person?
Cambridge would have academic flair, | 0:18:51 | 0:18:57 | |
biotech start-ups, but Kent is
closer to Europe, Manchester... You | 0:18:57 | 0:19:01 | |
would think it is the same country
but there is still a lot of | 0:19:01 | 0:19:05 | |
diversity in terms of people's
values. That is what is essential. | 0:19:05 | 0:19:09 | |
It's not just selling. It's about
discovering these things. Give us an | 0:19:09 | 0:19:13 | |
example of what you've done. Of a
city that you've turned around. I | 0:19:13 | 0:19:18 | |
know there are some in Central Asia
you've looked at and tried to help, | 0:19:18 | 0:19:22 | |
tried to give them identity. We
don't give it identity. If what we | 0:19:22 | 0:19:26 | |
say does not resonate it won't work.
For example, mints, capital of | 0:19:26 | 0:19:32 | |
Belarus, really lost in what they
should be. -- Minsk, capital of | 0:19:32 | 0:19:41 | |
Belarus. Programming and software is
booming there. Don't invite tourist | 0:19:41 | 0:19:45 | |
for historic venues, you don't have
any, invite them for a conference. | 0:19:45 | 0:19:51 | |
It was bombed during the Second
World War. Well, some people say we | 0:19:51 | 0:19:56 | |
are career advising nations. It's
about finding out what you're good | 0:19:56 | 0:20:00 | |
at and finding out how to package
the result. How do people get to | 0:20:00 | 0:20:04 | |
know about what you are doing? You
and your husband started this | 0:20:04 | 0:20:08 | |
company. I know you because I've
interviewed you in the past when you | 0:20:08 | 0:20:12 | |
were a political analyst. I find it
fascinating that you birthed a | 0:20:12 | 0:20:18 | |
country then you have to get out
there and convince the country that | 0:20:18 | 0:20:24 | |
you are the person to turn it around
and give them identity. -- birth a | 0:20:24 | 0:20:29 | |
company. It was probably more
difficult, as it was word of mouth, | 0:20:29 | 0:20:35 | |
especially with the first examples,
trying to prove we knew what we were | 0:20:35 | 0:20:39 | |
doing. But we had the background.
And we are much more than a two the | 0:20:39 | 0:20:45 | |
people company. We have designers,
researchers. There is still an | 0:20:45 | 0:20:49 | |
appetite for that. Does it work? It
does. How do you know? It becomes a | 0:20:49 | 0:20:55 | |
phenomenon. It's not just tourism,
it's fashion, its music on | 0:20:55 | 0:21:02 | |
everything it's like you add a drop
of ink into a glass of water... Do | 0:21:02 | 0:21:06 | |
you measure the tourism for finding
out your level of success, foreign | 0:21:06 | 0:21:12 | |
investment? You know instantly if it
works and if the locals start | 0:21:12 | 0:21:15 | |
getting infused about it. -- infused
about it. If they start promoting a | 0:21:15 | 0:21:22 | |
place, if they know what to say
about it, if young people want to | 0:21:22 | 0:21:27 | |
buy into it, they say, this is our
smell, that's how you know. -- if | 0:21:27 | 0:21:33 | |
young people want to buy into it,
for example, they know what to sell | 0:21:33 | 0:21:41 | |
about themselves, that's how you
know. | 0:21:41 | 0:21:43 | |
How do you convince a whole group
of people to change the way they've | 0:21:43 | 0:21:46 | |
been doing things forever? | 0:21:46 | 0:21:47 | |
You can hire Natasha! | 0:21:47 | 0:21:50 | |
CEO Ashish Malik, says it's
about appealing to their wallets. | 0:21:50 | 0:21:55 | |
My secret is we have to get inside
the head of the customer understand | 0:21:55 | 0:21:58 | |
what it is that keeps them up at
night. | 0:21:58 | 0:22:02 | |
Patience is the biggest thing. We
have to understand that changing the | 0:22:27 | 0:22:32 | |
mind of a grower who has been set in
their ways for several generations | 0:22:32 | 0:22:38 | |
doesn't happen overnight. But we
have to ask a farmer, how was it | 0:22:38 | 0:22:41 | |
improving your bottom line, how is
it making your crop more attractive | 0:22:41 | 0:22:47 | |
to their consumers. Producing
chemicals, things like that, we're | 0:22:47 | 0:22:52 | |
bringing value into it. Then we use
the fact that it is a more | 0:22:52 | 0:22:56 | |
sustainable thing. It's like the
icing on the cake. You want to find | 0:22:56 | 0:23:02 | |
progressive thinkers, people who
want new technology, and everybody | 0:23:02 | 0:23:05 | |
looks at their neighbours, see what
practices they are using, that means | 0:23:05 | 0:23:10 | |
it can be more successful, so
probably everybody will adopt it the | 0:23:10 | 0:23:13 | |
next season. | 0:23:13 | 0:23:17 | |
Talking about this big investment on
Japan's Softbank into Uber. Why are | 0:23:17 | 0:23:26 | |
they both interested? You probably
would not expect this from a | 0:23:26 | 0:23:31 | |
Japanese Internet service provider
going into Uber. But it looks like a | 0:23:31 | 0:23:35 | |
match for both. Uber Could use the
capital from the purchase. And | 0:23:35 | 0:23:45 | |
Softbank diversifying into this
industry, being able to change the | 0:23:45 | 0:23:48 | |
governance in Uber, which they've
had a problem within the past. That | 0:23:48 | 0:23:54 | |
is an understatement CHUCKLES | 0:23:54 | 0:23:58 | |
From the point of view of Softbank,
it crops up again and again, this | 0:24:00 | 0:24:05 | |
company we are talking about a lot.
They've invested in this come and | 0:24:05 | 0:24:08 | |
the other, now Uber. Any of these
forward type technologies is a way a | 0:24:08 | 0:24:18 | |
company has its roots in the past,
or in other areas, can diversify. | 0:24:18 | 0:24:24 | |
What is Softbank, it's a very
diverse company? I don't cover it | 0:24:24 | 0:24:32 | |
that much, but it is a huge company
in Japan. It primarily does the | 0:24:32 | 0:24:37 | |
Internet service providing in Japan,
as well. We asked you if you are | 0:24:37 | 0:24:44 | |
concerned about being spied on, this
is because in the FT they are | 0:24:44 | 0:24:48 | |
talking about UK spy masters raising
suspicions over capacity software is | 0:24:48 | 0:24:56 | |
-- over Kaspersky software's Russia
links. Tell us more. Nothing is | 0:24:56 | 0:25:04 | |
confirmed. It's things like this
software was offered for free to | 0:25:04 | 0:25:12 | |
Barclays consumers. And there are
suspicions from the US and UK that | 0:25:12 | 0:25:15 | |
this has ties to some of the
intelligence organisations in | 0:25:15 | 0:25:18 | |
Russia. Some of the answers. Connie
Frickley says, I think there is | 0:25:18 | 0:25:24 | |
nothing in my life was spying on, so
how -- so it is a time and waste of | 0:25:24 | 0:25:33 | |
their -- so it is a waste of their
time and their money. | 0:25:33 | 0:25:38 | |
Another one says the government will
feel pity on me and sublimely with a | 0:25:38 | 0:25:42 | |
decent salary.
Another one says nothing to hide | 0:25:42 | 0:25:44 | |
apart from my wife's Christmas
presents. | 0:25:44 | 0:25:47 | |
CHUCKLES
Thank you for that. Thanks very much | 0:25:47 | 0:25:51 | |
for your company, and getting in
touch. | 0:25:51 | 0:25:53 | |
Goodbye.
Have a good day, goodbye. | 0:25:53 | 0:25:58 |