0:00:06 > 0:00:08This is Business Live from BBC News with Sally Bundock
0:00:08 > 0:00:09and Susannah Streeter.
0:00:09 > 0:00:12Full steam ahead for China, as the world's second biggest
0:00:12 > 0:00:13economy beats growth expectations.
0:00:13 > 0:00:23Live from London, that's our top story on Thursday 18th January.
0:00:35 > 0:00:38China's 6.9% growth for last year is the first time the annual figure
0:00:38 > 0:00:40has risen in nearly a decade.
0:00:40 > 0:00:43We'll tell you why and what it means for the rest of the world.
0:00:43 > 0:00:48Also in the programme:
0:00:48 > 0:00:55Bitcoin in the firing line.
0:00:55 > 0:00:56Yet again.
0:00:56 > 0:00:57South Korean officials strengthen their attacks
0:00:57 > 0:01:00on the cryptocurrency as its rollercoaster ride continues.
0:01:00 > 0:01:06Let's look at markets in Europe, today is underway. A mixed picture
0:01:06 > 0:01:10emerging. Despite more than 300 point climb on the Dow the night
0:01:10 > 0:01:15before. We will tell you what is fuelling the movers and shakers.
0:01:15 > 0:01:17And we'll be getting the inside track on the craftbeer revolution.
0:01:17 > 0:01:21We'll find out how BrewDog has used crowd-funding to move from a small
0:01:21 > 0:01:22UK brewery to become a global player.
0:01:22 > 0:01:24Today we want to know.
0:01:24 > 0:01:26New research reveals that microwaves across the European Union generate
0:01:26 > 0:01:28as much greenhouse gas as nearly seven million cars.
0:01:28 > 0:01:30If you're environmentally conscious, can you live without your microwave?
0:01:31 > 0:01:32Just use the hashtag BBCBizLive.
0:01:32 > 0:01:37Hello and welcome to Business Live.
0:01:37 > 0:01:41Hello and welcome to Business Live.
0:01:41 > 0:01:44Hello and welcome to Business Live.
0:01:44 > 0:01:52Hello and welcome to Business Live.
0:01:52 > 0:01:56The programme is packed as ever, as you can tell.
0:01:56 > 0:01:57The world's second-biggest economy appears to be
0:01:57 > 0:01:58firing on all cylinders.
0:01:58 > 0:02:01China's economy grew faster than expected in the last three
0:02:01 > 0:02:06months of the year, despite trying to balance continued population
0:02:06 > 0:02:08growth with the challenges such as cutting pollution and keeping
0:02:08 > 0:02:11a lid on soaring debt levels.
0:02:11 > 0:02:18The annual growth rate for last year was 6.9% last year.
0:02:18 > 0:02:21That's better than the 6.7% seen in 2016, which was the weakest
0:02:21 > 0:02:22growth in 25 years and much better than
0:02:22 > 0:02:30the government's target of 6.5%.
0:02:30 > 0:02:36This is the number that has just come out.
0:02:36 > 0:02:39If we look back, you can see the trend of slower
0:02:39 > 0:02:43growth since 2010.
0:02:43 > 0:02:46This was the double digit growth area. Since then it has been a bit
0:02:46 > 0:02:48of a slow decline.
0:02:48 > 0:02:54One reason is China has been trying to rely less on exports
0:02:54 > 0:02:57and being the low-cost factory of the world and more
0:02:57 > 0:03:01on its domestic economy.
0:03:01 > 0:03:03Consumers spending by its own people.
0:03:03 > 0:03:05Mainland China.
0:03:05 > 0:03:07But with that has come a surge in debt.
0:03:07 > 0:03:10A decade ago, Chinese companies and households owed
0:03:11 > 0:03:14some 6 trillion dollars.
0:03:14 > 0:03:20Today, despite government attempts to limit credit -
0:03:20 > 0:03:22that has ballooned to 27 trillion dollars.
0:03:22 > 0:03:23Last year.
0:03:23 > 0:03:28That's prompted dire warnings of a looming crisis.
0:03:28 > 0:03:33Let's get more on this story from our correspondent
0:03:33 > 0:03:38in Shanghai Robin.
0:03:38 > 0:03:41Some good growth numbers, but overall, is their real concern about
0:03:41 > 0:03:51this growing debt bubble?It remains a huge issue, debt, for the
0:03:51 > 0:03:54government, China's political leaders and commentators and experts
0:03:54 > 0:03:59outside of the country. We have seen moves towards the end of last year
0:03:59 > 0:04:03and it continues to try to de-risk the most vulnerable parts of the
0:04:03 > 0:04:07economy and make a corporate lending more expensive, cut down on mortgage
0:04:07 > 0:04:12availability as well. None of that seems to have affected 2017. Things
0:04:12 > 0:04:17have ticked up, things have gone up for the first time in seven years in
0:04:17 > 0:04:24terms of economic performance. They will be very pleased. The country's
0:04:24 > 0:04:28economy continues to grow at a rate that many outside of China will be
0:04:28 > 0:04:33very envious of. Overall, the trend over the last 25 years is one of
0:04:33 > 0:04:41that growth slowing.Just how reliant are these figures? They're
0:04:41 > 0:04:43always question marks about whether they really represent the true
0:04:43 > 0:04:49picture about what is going on.They are two issues in these figures. You
0:04:49 > 0:04:52and Sally have talked about it at the beginning, China is trying to
0:04:52 > 0:04:57get away from becoming reliant on exporting stuff to the rest of the
0:04:57 > 0:05:01world and being reliant on huge amounts of infrastructure investment
0:05:01 > 0:05:05by the government, much of that is debt driven. It appears on the
0:05:05 > 0:05:09export side these figures might be good because the global economy is
0:05:09 > 0:05:12improving and China is seeing that in its figures. It is having to rely
0:05:12 > 0:05:18on what it used to rely on, trying to get away from that. That might
0:05:18 > 0:05:20not be good. Can we trust these figures? We always have this
0:05:20 > 0:05:26discussion. In the week leading to these GDP figures, there have been
0:05:26 > 0:05:30several provincial governments, city governments who have owned up to
0:05:30 > 0:05:33making up their GDP figures. It is unusual to get that kind of hard
0:05:33 > 0:05:37evidence. That only adds to the scepticism, the doubt that many
0:05:37 > 0:05:41people have about China's official GDP figures. Much of that doubt is
0:05:41 > 0:05:45driven by the fact that they frankly tend to be very, very stable.Thank
0:05:45 > 0:05:48you very much.
0:05:48 > 0:05:51Let's take a look at some of the other stories making the news.
0:05:51 > 0:05:54Apple says it will pay about $38 billion in tax on the cash
0:05:54 > 0:05:57it holds outside the United States because of President Trump's
0:05:57 > 0:06:02recent tax reforms.
0:06:02 > 0:06:04The world's most valuable company is thought to have
0:06:04 > 0:06:06more than $250 billion held outside the US and hasn't
0:06:06 > 0:06:16confirmed how much of that will be repatriated.
0:06:19 > 0:06:21The tech giant also says its planning to create 20,000
0:06:21 > 0:06:26new jobs in the US at a new campus.
0:06:26 > 0:06:28UK taxpayers still owe private contracters $275 billion
0:06:28 > 0:06:30for deals signed under the Private Finance Initiative,
0:06:30 > 0:06:34according to a spending watchdog.
0:06:34 > 0:06:39The report comes just days after the construction firm Carillion
0:06:39 > 0:06:42collapsed, sending shock waves through the economy. It was heavily
0:06:42 > 0:06:47dependent on so-called PFI contracts.
0:06:47 > 0:06:48The problems from two recently-announced major
0:06:48 > 0:06:50flaws with computer chips are continuing.
0:06:50 > 0:06:53Chipmaker Intel says that patches for Spectre and Meltdown might cause
0:06:53 > 0:06:55some newer chips to reboot more often than normal.
0:06:55 > 0:07:01The affected chips are mainly used at data centres.
0:07:06 > 0:07:10Who is in charge of that, I wonder? One chip causing another chip to
0:07:10 > 0:07:19malfunction.It's very complex. So many.It fries your brain!They are
0:07:19 > 0:07:25so many people trying to race to try and find good...A story that is
0:07:25 > 0:07:30frying my vain little bit... -- frying my brain.
0:07:30 > 0:07:31Bitcoin has been on a rather frightening
0:07:31 > 0:07:35rollercoaster ride this week.
0:07:35 > 0:07:37But even tougher times seem to be ahead for the cryptocurrency
0:07:37 > 0:07:39after the South Korean authorities repeated their intentions
0:07:39 > 0:07:41to shutdown local exchanges.
0:07:41 > 0:07:47First, Leisha Santorelli is in Singapore.
0:07:47 > 0:07:51She is completely across this, she is very calm, she hasn't got the
0:07:51 > 0:07:54mental struggle like me. Make sense of this latest news out of South
0:07:54 > 0:08:01Korea.It looks like South Korea's government, some people within the
0:08:01 > 0:08:06government do not have the stomach for these ups and downs of
0:08:06 > 0:08:11cryptocurrency trading. Look at this week alone. The collective market
0:08:11 > 0:08:18lost a third of its value or about 200 billion dollars. A large part of
0:08:18 > 0:08:22this has to do with South Korea considering a possible ban on
0:08:22 > 0:08:27cryptocurrency exchanges the reaction was so strong because South
0:08:27 > 0:08:30Korea is the third biggest Bitcoin market behind Japan and America. It
0:08:30 > 0:08:36accounts between five and 15% of daily Bitcoin trading. If you trade
0:08:36 > 0:08:41Bitcoin in Korea, you can traded at a premium. It is a kimchi premium. I
0:08:41 > 0:08:45mentioned this earlier this week. We will continue to see prices go up
0:08:45 > 0:08:50and down, we saw the situation with China last year when they shut down
0:08:50 > 0:08:54local cryptocurrency exchanges. Fasten your seat belts.Mine have
0:08:54 > 0:08:59been fasten for weeks! I will keep it on pegs thank you. Let's look at
0:08:59 > 0:09:10markets in general. Hong Kong closing at a record how. The Dow did
0:09:10 > 0:09:14that last night. Closing for the first time ever above 20 6000. But
0:09:14 > 0:09:20across Asia it was not a story that continued. Most markets in Asia were
0:09:20 > 0:09:22all higher for most of the day that profit-taking kicked in towards the
0:09:22 > 0:09:29end. The Nico closing down 0.4%. That was profit-taking going on in
0:09:29 > 0:09:33Tokyo.
0:09:35 > 0:09:41The FTSE down a bit. Germany and France up. It is about earnings, the
0:09:41 > 0:09:43Bank of America coming out with better than expected earnings,
0:09:43 > 0:09:47Goldman Sachs disappointing in the US. It had a loss in the last
0:09:47 > 0:09:52quarter of last year. The first time it has done that for six years. It
0:09:52 > 0:09:56is talking about calm markets. It is making less money, which is quite
0:09:56 > 0:09:59interesting. It is all about earnings, lots of companies out with
0:09:59 > 0:10:04news. Let's look ahead to the day on Wall Street.
0:10:04 > 0:10:05Earnings continue, Thursday.
0:10:05 > 0:10:07Morgan Stanley will be reporting.
0:10:07 > 0:10:11It's the last of the big six US banks to do so.
0:10:11 > 0:10:14Now, it's expected to face the same fate as other banks.
0:10:14 > 0:10:16It will be hit with a one-time charge as a
0:10:16 > 0:10:18result of the new tax rules, but the rest
0:10:18 > 0:10:21result of the new tax rules, but the rest of 2018 is looking
0:10:22 > 0:10:22rosy for the sector.
0:10:22 > 0:10:29Including for Morgan Stanley.
0:10:29 > 0:10:30Rising interest rates and higher market
0:10:30 > 0:10:32valuations will help the
0:10:32 > 0:10:34banks' investment and wealth management businesses.
0:10:34 > 0:10:35Also reporting on Thursday, IBM.
0:10:35 > 0:10:36The company's cloud and analytics are
0:10:36 > 0:10:38expected to really drive earnings for the quarter.
0:10:38 > 0:10:41Also helping IBM, Barclays Bank has raised its rating
0:10:41 > 0:10:43for the company.
0:10:43 > 0:10:46A sign its efforts to turn itself around may
0:10:46 > 0:10:51finally be paying off.
0:10:51 > 0:10:57Joining us is Jane Sydenham from Rathbones Investment Management.
0:10:57 > 0:11:01Nice to see you. Thank you for coming in.Let's talk about the Dow
0:11:01 > 0:11:05Jones, another record close of 26,000, to what extent would this
0:11:05 > 0:11:11due to the news from Apple, not just be patchy reading all of this money
0:11:11 > 0:11:15and given this additional tax to the US government, but also, its plans
0:11:15 > 0:11:20to create 20,000 new jobs.That is probably the more important point.
0:11:20 > 0:11:24As companies start to announce how much tax they are paying, how much
0:11:24 > 0:11:28money they are bringing back, how much investment they are going to
0:11:28 > 0:11:32make, we are talking about $350 billion of investment over the next
0:11:32 > 0:11:37five years. That's a huge sum of money. Inevitably, that's going to
0:11:37 > 0:11:40start making investors think maybe these tax reforms are going to
0:11:40 > 0:11:43affect me.There has been a lot of questions raised about whether they
0:11:43 > 0:11:48will trickle down, they will lead to job creation. Here, there is some
0:11:48 > 0:11:52evidence at least with one company. But that is likely to happen.There
0:11:52 > 0:11:56is anticipation that there may be others. I can see why it is having a
0:11:56 > 0:12:05positive effect.Let's talk about the pound, I haven't mentioned it
0:12:05 > 0:12:08for a while. It is trading quite well. Talk us through some of the
0:12:08 > 0:12:11reasons, highest since June 2016 compared to the done.1.3 nine. To
0:12:11 > 0:12:15some extent it was an expectation we might get a slightly softer Brexit
0:12:15 > 0:12:20-- it is 1.3 nine. Dollar weakness and Euro strength, quite a lot going
0:12:20 > 0:12:25on in currency markets. A general sense that there may be a softer
0:12:25 > 0:12:29Brexit.The European Central Bank is trying to talk down the Eurocom I
0:12:29 > 0:12:34wonder how successful that is proving?It is. The euro has been
0:12:34 > 0:12:37incredibly strong relative to the dollar and the pound. It may be
0:12:37 > 0:12:41starting to cause of the European exporters a bit of pain. If they can
0:12:41 > 0:12:45talk it down, I am sure they would like to do that.Of course. A weaker
0:12:45 > 0:12:49dollar is certainly good for US exports.Give us your take on China,
0:12:49 > 0:12:55are you excited by the 6.9% figure? What are your thoughts?The word is
0:12:55 > 0:12:58relieved, we have been worried about the fact that China is having to
0:12:58 > 0:13:01reduce the amount of borrowing it is making and whether that was going to
0:13:01 > 0:13:05cause damage to longer term growth. At the moment, that doesn't look as
0:13:05 > 0:13:10if it is happening on the been quite positive. But we have got further to
0:13:10 > 0:13:14go. Clearly, there has to be some reduction in borrowing, it might
0:13:14 > 0:13:19have some effect on growth later on this year.Thanks. Lots of questions
0:13:19 > 0:13:23about whether those reforms are needed getting rid of those zombie
0:13:23 > 0:13:26companies in China and those other issues. Very pressing.
0:13:26 > 0:13:29Still to come.
0:13:29 > 0:13:32We'll find out how one UK brewery has used crowd-funding
0:13:32 > 0:13:35to become a global player.
0:13:35 > 0:13:44You're with Business Live from BBC News.
0:13:46 > 0:13:48There are lots of company results out today, including
0:13:48 > 0:13:50Associated British Foods,
0:13:50 > 0:13:55whose brands include Primark and Twinings.
0:13:55 > 0:13:58And the owner of Costa Coffee, Whitbread, has warned that business
0:13:58 > 0:14:01at its high street cafes has declined and is likely
0:14:01 > 0:14:02to remain "subdued".
0:14:02 > 0:14:06Michael Hewson, Chief Market Analyst from CMC Markets joins us now.
0:14:06 > 0:14:12What's happening at Whitbread?
0:14:12 > 0:14:18Some people used by the cappuccino lifestyle?Good morning. On the
0:14:18 > 0:14:24headline numbers if fairly decent update, 6.8% total growth to date.
0:14:24 > 0:14:29On course for a fairly decent year. But, unfortunately, the cost chain
0:14:29 > 0:14:34has been suffering a little bit from a downturn in football. -- the Costa
0:14:34 > 0:14:38chain. This will reignite regulation that the cost of business could get
0:14:38 > 0:14:45spun off. About one month ago, the US hedge fund took a 3.4% stake in
0:14:45 > 0:14:49Whitbread. That will prompt speculation that they will want to
0:14:49 > 0:14:53see significant savings within the business. With Adam Crozier taking
0:14:53 > 0:14:57over as Chairman in March, these disappointing Costa numbers are
0:14:57 > 0:15:01going to reignite that debate.What about Associated British Foods? Give
0:15:01 > 0:15:08us your take on their results. Slightly bittersweet update from
0:15:08 > 0:15:12Associated British Foods. Sugar is leaving the sour taste, if you will
0:15:12 > 0:15:18forgive the bad pun will stop are the sugar business declined 13%. It
0:15:18 > 0:15:23was offset by prime Marco posted a very decent pre-Christmas week, 7%
0:15:23 > 0:15:30increase in sales -- by Primark. The US tax changes could also have a
0:15:30 > 0:15:34significant positive effect on its US business. All in all, I would say
0:15:34 > 0:15:37that it is a fairly average update despite the fact that the market has
0:15:37 > 0:15:44sold off.Thanks.
0:15:44 > 0:15:48Interesting that our appetite for sugar seems to be falling, given the
0:15:48 > 0:15:58government policy and various things we have had of late. And more focus
0:15:58 > 0:16:02on the BBC Live page about what accounts for these sales growth at
0:16:02 > 0:16:06Primark. Apparently it was the cold weather snap before Christmas that
0:16:06 > 0:16:10really boosted sales even when the weather was unseasonably warm in
0:16:10 > 0:16:13October, everyone was buying woolly pullovers, gloves and scarves before
0:16:13 > 0:16:22Christmas. Lots more detail on our website, take a look when you have
0:16:22 > 0:16:32time.
0:16:34 > 0:16:39Our top story, the latest official data from China shows its economy
0:16:39 > 0:16:43grew last year, the first time in seven years that the pace of growth
0:16:43 > 0:16:48has picked up. Let's have a look at how the markets are faring. After
0:16:48 > 0:16:52that record close once more on Wall Street the FTSE 100 is down
0:16:52 > 0:16:55slightly, the Dax in positive territory, no change for the Paris
0:16:55 > 0:16:57market.
0:16:57 > 0:17:03The beer business in Britain is booming,
0:17:03 > 0:17:05well, relatively speaking, and the demand for craft beer has
0:17:05 > 0:17:07been a key factor behind the trend.
0:17:07 > 0:17:10Last year, the number of breweries rose above 2,000 for the first
0:17:10 > 0:17:12time since the 1930s, most of them small operations.
0:17:12 > 0:17:14BrewDog was one of the first - and most successful -
0:17:14 > 0:17:19starting out in a garage in North East Scotland 10 years ago.
0:17:19 > 0:17:24Now it exports to 60 countries around the world and has 50 bars
0:17:24 > 0:17:29showcasing its latest brews from from London to Tokyo.
0:17:29 > 0:17:31Big global expansion plans as well.
0:17:31 > 0:17:36With us is James Watt, the co-founder of BrewDog.
0:17:36 > 0:17:36And as the co-founder of BrewDog.
0:17:36 > 0:17:36And as you the co-founder of BrewDog.
0:17:36 > 0:17:36And as you can the co-founder of BrewDog.
0:17:36 > 0:17:37And as you can see the co-founder of BrewDog.
0:17:37 > 0:17:37And as you can see some the co-founder of BrewDog.
0:17:37 > 0:17:37And as you can see some of the co-founder of BrewDog.
0:17:37 > 0:17:37And as you can see some of the the co-founder of BrewDog.
0:17:37 > 0:17:37And as you can see some of the beers the co-founder of BrewDog.
0:17:37 > 0:17:39And as you can see some of the beers are out there even though it is
0:17:39 > 0:17:45early in the morning in the UK! Thank you for having me.Tell us how
0:17:45 > 0:17:50it all began, you had a tough life in Scotland and in the evenings you
0:17:50 > 0:17:55made beer in the garage.I worked on a fishing boat, might hobby was
0:17:55 > 0:18:04making beer and in 2007 we could our jobs, got a bank loan and some
0:18:04 > 0:18:06second-hand beer making equipment and we certain to make others as
0:18:06 > 0:18:11passionate about beer as we were. What spot bad move, when did you
0:18:11 > 0:18:15think you had a great product, what happened that made you go to the
0:18:15 > 0:18:20bank and take that risk? We met Michael Jackson. Not the pop star
0:18:20 > 0:18:24but the world-famous beer and whiskey expert! He tasted beer we
0:18:24 > 0:18:29had made, put down the glass and said, boys, quit your job is and
0:18:29 > 0:18:42make beer. So we thought if he says that, let's
0:18:44 > 0:18:51do it. How did you catapult in that sense? Because in the beginning it
0:18:51 > 0:18:58was you and one other guy and a dog, I understand! Peddling your beer at
0:18:58 > 0:19:03farmers markets.We have gone from two people and one dog to a company
0:19:03 > 0:19:07that employs over 1000 people and it has been by focusing on making the
0:19:07 > 0:19:11best beer we can and being the best company we can to work for. We have
0:19:11 > 0:19:16been dealing with supermarkets in the UK, exporting, our original
0:19:16 > 0:19:20strategy was to send beer to places we wanted to visit because we
0:19:20 > 0:19:26couldn't get any time off. We opened our first bar in Aberdeen, our
0:19:26 > 0:19:31hometown and we are now up to 50.To what extent has this punk equity
0:19:31 > 0:19:39scheme helped you? It is a kind of crowdfunding.It has been so keen to
0:19:39 > 0:19:42everything we have done, anyone can invest and be part of the company,
0:19:42 > 0:19:47they get a host of benefits like discounts on our bars, and online
0:19:47 > 0:19:52shops, tickets to events, and the us at the time of business model
0:19:52 > 0:19:55shortening the distance between ourselves and people who enjoy the
0:19:55 > 0:20:00beers we make and we've used that to fund growth, build a community and
0:20:00 > 0:20:05build business.Lately craft beer has become very fashionable. You
0:20:05 > 0:20:10were around before that but this must have helped you in terms of
0:20:10 > 0:20:15recognition of your brand, not only in the UK but outside the UK?It's
0:20:15 > 0:20:18been fantastic to see how the beer scene in the UK and beyond has
0:20:18 > 0:20:22changed in the last ten years. We could never have imagined what craft
0:20:22 > 0:20:28beer would be in the UK today. It is so good to see people making and
0:20:28 > 0:20:32shrinking and enjoying it.Some of the world's biggest brewers have
0:20:32 > 0:20:36tried to break your many times and you said no. Others have been bought
0:20:36 > 0:20:42by companies like SAB Miller. To what extent do you compete with the
0:20:42 > 0:20:48big monoliths in the beer industry? We firmly believe in independence.
0:20:48 > 0:20:52We believe that is important, the big multinationals have started
0:20:52 > 0:20:58buying players in the craft beer space, we are not a fan, these
0:20:58 > 0:21:01companies are responsible for the commoditisation of beer on a global
0:21:01 > 0:21:04scale which is the antithesis of everything we stand for. It is like
0:21:04 > 0:21:09these guys were selling out to them, like the Little mermaid being
0:21:09 > 0:21:16adopted by Darth Vader!Your current export market, you are trying to get
0:21:16 > 0:21:23bigger in the US and also China.We are about to build a place in China,
0:21:23 > 0:21:28we've been in the Chinese market for eight years, our begets export
0:21:28 > 0:21:33markets keen to make beer there and hopefully kick-start the craft beer
0:21:33 > 0:21:37revolution in China.That potential market is huge.A lot lot of
0:21:37 > 0:21:45potential out there.Thank you for coming in to talk about your
0:21:45 > 0:21:48experience and what happened after you started making drinks in the
0:21:48 > 0:21:58garage. I bet a lot of people do that, although I don't.
0:21:58 > 0:22:06Social media platforms have been attacked again about their content.
0:22:06 > 0:22:09Facebook, Twitter and YouTube and Google have all faced criticism and
0:22:09 > 0:22:19been answering their critics. At ago the lawyers and income the company
0:22:19 > 0:22:25bosses, but finally despite getting access to decision makers, senators
0:22:25 > 0:22:28achieved little with questioning. It seems this session was about keeping
0:22:28 > 0:22:32up the pressure on the companies while making fake demands to do more
0:22:32 > 0:22:36to stop extremist content and propaganda.The basic questions that
0:22:36 > 0:22:42we want to ask are, what have we learned, what are we correcting,
0:22:42 > 0:22:45what is going to happen in the future and how can we get ahead of
0:22:45 > 0:22:52it before it does?Despite recently missing a separate committee's
0:22:52 > 0:22:55deadline for providing information on its efforts, Twitter like the
0:22:55 > 0:23:00other firms did its best to explain how it was dumping and undesirable
0:23:00 > 0:23:05content.We spot 90% of terrorist accounts before anyone and we
0:23:05 > 0:23:13stopped 75% of them before they can spread their did or but ideology.
0:23:13 > 0:23:17Once again social media bosses have been dragged to Washington to face
0:23:17 > 0:23:20frustrated politicians who say they must do more to solve the problem.
0:23:20 > 0:23:23The Texans are united in the goal to make sure that more regulation is
0:23:23 > 0:23:28not passed to force them to stamp out the problem. Could they be doing
0:23:28 > 0:23:34more?It's easy to do spot the worst of the junk news, those you are else
0:23:34 > 0:23:37spreading misinformation and they should be taken off-site, it should
0:23:37 > 0:23:44be much tougher to share news that is full of lies.Later this year
0:23:44 > 0:23:49America will vote in the important mid-term elections, scrutiny of
0:23:49 > 0:23:52these companies and the role they play in democracy will be more
0:23:52 > 0:24:09intense than ever. Dave Lee, BBC News, USA.
0:24:10 > 0:24:18Jane, do you own a microwave?I do. I don't have a posh one. Could you
0:24:18 > 0:24:24live without it? Some say my grades in Britain generate as much carbon
0:24:24 > 0:24:28dioxide as millions of cars, although many would say they are
0:24:28 > 0:24:33more energy-efficient than a conventional oven. That is my
0:24:33 > 0:24:37understanding and the problem is I don't think people will give up
0:24:37 > 0:24:40microwaves because they are convenient of our lifestyles. But
0:24:40 > 0:24:48whether we ought to keep them for longer so we use them to their full
0:24:48 > 0:24:54potential before throwing them away as part of the problem.That is one
0:24:54 > 0:24:58highlight of this study, the life of microwaves is much shorter now.We
0:24:58 > 0:25:03have received a few tweets. One of viewers says that they so 1980s, he
0:25:03 > 0:25:08doesn't use them any more. Another says, I will get rid of it. Someone
0:25:08 > 0:25:14else says, I have not and one in years and I don't miss it. I would
0:25:14 > 0:25:18miss mine. My little nonscientific survey in the BBC is that we have
0:25:18 > 0:25:22all had our microwaves for a very very long time. Let's talk about
0:25:22 > 0:25:26this car in Japan. It has been invented since this in Army, a car
0:25:26 > 0:25:33that can float. -- since this an army. I gather that the inventor was
0:25:33 > 0:25:37worried about his mother and whether she might have been able to escape
0:25:37 > 0:25:41because she found it hard to walk so he thought if he could develop a car
0:25:41 > 0:25:45that floated that would be a solution to the problem. These have
0:25:45 > 0:25:51been around for sometime.This is the first electric vehicle. People
0:25:51 > 0:25:56will probably only use it once in a lifetime that it's a start up and
0:25:56 > 0:26:05he's hoping for success.Thank you, Jane for joining us.