Browse content similar to 15/11/2017. Check below for episodes and series from the same categories and more!
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This is Business Briefing. | 0:00:13 | 0:00:21 | |
Fixing the planet -
World leader's gather in Bonn | 0:00:21 | 0:00:23 | |
to try to stitch together
the climate accord after | 0:00:23 | 0:00:26 | |
Donald Trump's pledge to pull the US
out of the Paris agreement. | 0:00:26 | 0:00:29 | |
Japan's economy growing
faster than expected. | 0:00:29 | 0:00:30 | |
A third quarter points to strong
exports as the country posts | 0:00:30 | 0:00:34 | |
the longest period of uninterrupted
growth in more than a decade. | 0:00:34 | 0:00:41 | |
And on the markets, a bit
of slippage on the Hang Seng | 0:00:41 | 0:00:44 | |
as Hong Kong follows Wall Street
with a bit of a sell-off. | 0:00:44 | 0:00:47 | |
That's a picture across Asia,
as investors just cash | 0:00:48 | 0:00:50 | |
in on the recent rallies. | 0:00:50 | 0:00:55 | |
All ordinaries down 0.3%
And completing our red sea - | 0:00:55 | 0:00:58 | |
the Dow dropping a little -
that's partly on continuing | 0:00:58 | 0:01:01 | |
uncertainties over the tax reform
proposals of President Trump. | 0:01:01 | 0:01:04 | |
Will they get through the Senate? | 0:01:04 | 0:01:09 | |
World leaders meet in Bonn today
for the first big international | 0:01:23 | 0:01:26 | |
environmental meeting
since Donald Trump pledged to pull | 0:01:26 | 0:01:29 | |
the US out of the Paris
climate agreement. | 0:01:29 | 0:01:34 | |
Projections for 2017 suggest levels
of carbon dioxide will actually rise | 0:01:34 | 0:01:37 | |
for the first time in four years,
with the big global economies having | 0:01:38 | 0:01:41 | |
a major impact. | 0:01:41 | 0:01:44 | |
The main cause for the
rise in CO2 emissions | 0:01:44 | 0:01:46 | |
is the increased use of coal
in China as its economy grows. | 0:01:46 | 0:01:51 | |
In the US increased use
of renewables means emissions | 0:01:51 | 0:01:54 | |
are on the way down but not
as quickly as hoped. | 0:01:54 | 0:02:00 | |
Europe is also seeing
a reduction in carbon dioxide | 0:02:00 | 0:02:05 | |
but again only by around 0.2%. | 0:02:05 | 0:02:07 | |
In Bonn, Patricia Espinosa,
Executive Secretary | 0:02:07 | 0:02:08 | |
of the United Nations Framework
Convention on Climate Change, | 0:02:08 | 0:02:11 | |
expanded on China's role. | 0:02:11 | 0:02:17 | |
China is one of the most important
partners in this process and the | 0:02:17 | 0:02:24 | |
world really recognises the role
that China is playing in finding | 0:02:24 | 0:02:33 | |
innovative solution to the problem.
China itself is facing problems | 0:02:33 | 0:02:39 | |
common to so many countries. | 0:02:39 | 0:02:40 | |
With me is Tom Burke,
Chairman of E3G, Third Generation | 0:02:40 | 0:02:43 | |
Environmentalism | 0:02:43 | 0:02:45 | |
It does feel as though we have got
into a sort of a period of lull in | 0:02:45 | 0:02:53 | |
terms of momentum. How did turn that
around? What matters in terms of | 0:02:53 | 0:03:03 | |
omission is whether it is a bleak or
a change in the trajectory. It was | 0:03:03 | 0:03:09 | |
heading in the right path because it
has levelled now... Peaking now | 0:03:09 | 0:03:17 | |
rather than 2020. The waning is at
the moment from organisations are | 0:03:17 | 0:03:23 | |
pointing the other way. Are we at a
point where political wheel is the | 0:03:23 | 0:03:29 | |
most important thing all business
will? There is a clear shift in | 0:03:29 | 0:03:36 | |
terms of renewables. That is
absolutely right. What we saw when | 0:03:36 | 0:03:40 | |
it Trump pulled out of the climate
agreement, the very same day, | 0:03:40 | 0:03:45 | |
whistle Blackrock publicly vote
against Exxon board for not having | 0:03:45 | 0:03:50 | |
done enough on climate. The
investment community is really | 0:03:50 | 0:03:56 | |
beginning to get a sense about the
risk of the kind of events we are | 0:03:56 | 0:04:01 | |
seeing and what it will do the
business and on the other side we | 0:04:01 | 0:04:05 | |
are seeing a massive increase in
renewables by opportunity seekers. | 0:04:05 | 0:04:09 | |
People simply saying, the world has
made its mind up, they want the | 0:04:09 | 0:04:14 | |
peace of the action. Certainly,
within Europe, established economies | 0:04:14 | 0:04:19 | |
working out the best thing to do but
if we reflect back on China, on | 0:04:19 | 0:04:26 | |
India, where there is still so much
growth still to come and they need | 0:04:26 | 0:04:31 | |
power now, they will carry on using
coal and not necessarily the | 0:04:31 | 0:04:36 | |
cleanest coal. What we have seen,
very interestingly, in China, it | 0:04:36 | 0:04:42 | |
started to cut back on coal power
station programmes. It is cutting | 0:04:42 | 0:04:49 | |
emissions. There has been a bit of
an increase in this year because of | 0:04:49 | 0:04:55 | |
a lost Hydro Power but it is by far
and away the most in investing in | 0:04:55 | 0:05:02 | |
renewables and looking to see that
as a massive opportunity for exports | 0:05:02 | 0:05:05 | |
going forward. In India, a similar
thing. Growth in coal usage slowed | 0:05:05 | 0:05:14 | |
down more than expected. Big
interest in renewables, and that is | 0:05:14 | 0:05:19 | |
the fastest way to get electricity
to the poorest. That is the view of | 0:05:19 | 0:05:27 | |
an optimist. Thank you very much. | 0:05:27 | 0:05:29 | |
How do you run the stunning flying
displays at one of the world's | 0:05:29 | 0:05:32 | |
top air shows? | 0:05:32 | 0:05:33 | |
It all depends on tracking
the manoeuvres of every plant | 0:05:33 | 0:05:36 | |
and thing their flights
to the split second. | 0:05:36 | 0:05:38 | |
The BBC gained exclusive
access behind the scenes | 0:05:38 | 0:05:40 | |
at the Dubai air show. | 0:05:40 | 0:05:42 | |
Here's Jeremy Howell | 0:05:42 | 0:05:43 | |
We have the clearance to tax. Two
hours before the display starts, the | 0:05:48 | 0:05:56 | |
pilots are briefed on rules and
emergency procedures and the | 0:05:56 | 0:06:01 | |
weather. Strong winds are expected
from the desert. Inside, the control | 0:06:01 | 0:06:06 | |
tower, officers from Dubai and
aviation services. The Emirates air | 0:06:06 | 0:06:13 | |
force display team is first. Every
manoeuvre is tracked by I and on | 0:06:13 | 0:06:18 | |
paper. There are 19 displays in this
three-hour session. The airshow's | 0:06:18 | 0:06:26 | |
reputation relies on displays being
seamless. It is time down to the | 0:06:26 | 0:06:32 | |
last second. But every so we have an
agreement between the pilot and | 0:06:32 | 0:06:38 | |
control tower about how they will
fly, what they will do, what speed, | 0:06:38 | 0:06:44 | |
the complete flight plan and what we
do in the control tower is mark | 0:06:44 | 0:06:49 | |
their discipline. If they are not
doing what they said they would they | 0:06:49 | 0:06:57 | |
are stopped. The last plan is
completing its flight. It is the end | 0:06:57 | 0:07:03 | |
of the day for a traffic controllers
until tomorrow at another 20 | 0:07:03 | 0:07:06 | |
flights. | 0:07:06 | 0:07:08 | |
Japan's economy continues its slow
march to stability, | 0:07:08 | 0:07:10 | |
if not outright strength. | 0:07:10 | 0:07:13 | |
Data out this morning shows
the world's third-largest economy | 0:07:14 | 0:07:16 | |
posting yet another
quarter of gains. | 0:07:16 | 0:07:20 | |
Let's go to Professor Seijiro
Takeshita at the University | 0:07:20 | 0:07:22 | |
of Shizuoka in Japan.. | 0:07:22 | 0:07:28 | |
Good to see you and thanks for
joining you. We should not be too | 0:07:28 | 0:07:33 | |
surprised, it is quite a trend now?
Very much so but unfortunate, in | 0:07:33 | 0:07:39 | |
spite of a sparkling performance,
especially by the Japanese | 0:07:39 | 0:07:44 | |
companies, it really has not
trickled down to individuals and | 0:07:44 | 0:07:51 | |
that is why it were feeling it is a
recovery but no one is feeling it. | 0:07:51 | 0:07:55 | |
There has to be a point where they
do start to benefit and it is seven | 0:07:55 | 0:08:01 | |
quarters in a row. 70% year on year
growth and record profits but during | 0:08:01 | 0:08:09 | |
this rally, the actual income has
only risen by 3% which basically | 0:08:09 | 0:08:15 | |
means of the Japanese consumer will
remain very conservative due to the | 0:08:15 | 0:08:19 | |
fact that operation are conservative
about their risk-taking | 0:08:19 | 0:08:23 | |
capabilities. Still nothing
happening dramatically nonetheless | 0:08:23 | 0:08:27 | |
would you expect this trend to
continue? If global growth is good, | 0:08:27 | 0:08:33 | |
presumably this is where this growth
is coming from? Absolutely. I think | 0:08:33 | 0:08:40 | |
it will continue as long as the
prerequisite are stable which is the | 0:08:40 | 0:08:45 | |
US economy. We will have special
demand kicking in for the Olympics. | 0:08:45 | 0:08:51 | |
Until then, we will be fairly fine.
Good point about the Olympics. That | 0:08:51 | 0:08:59 | |
will spark them into life. | 0:08:59 | 0:09:02 | |
Now let's brief you some other
business stories... | 0:09:02 | 0:09:04 | |
The Venezuelan government says it
has begun repaying interest | 0:09:05 | 0:09:07 | |
on its foreign debt after two major
credit ratings agencies said | 0:09:07 | 0:09:10 | |
the country had partially defaulted. | 0:09:10 | 0:09:11 | |
In a televised address,
the communications minister | 0:09:11 | 0:09:14 | |
Jorge Rodriguez also said
the government is renegotiating | 0:09:14 | 0:09:19 | |
all of its foreign debt. | 0:09:19 | 0:09:29 | |
Airbus is selling to indigo partners
saying the deal could be unveiled at | 0:09:29 | 0:09:37 | |
the Dubai airshow later on Wednesday
in what would be a huge comeback for | 0:09:37 | 0:09:41 | |
the European. | 0:09:41 | 0:09:45 | |
And now what's trending
in the business news this morning... | 0:09:45 | 0:09:49 | |
Wall Street Journal: US
Exchanges are calling | 0:09:50 | 0:09:51 | |
for a last-minute delay to a vast
database of trading information that | 0:09:51 | 0:09:55 | |
regulators have touted as a defense
against episodes like the May | 0:09:55 | 0:09:58 | |
2010 "Flash Crash." | 0:09:58 | 0:10:01 | |
Financial Times looks at oil
as prices drop in Asia trade | 0:10:01 | 0:10:05 | |
after bullish IEA
comments on US output. | 0:10:05 | 0:10:14 | |
And Bloomberg reports that
Peter Thiel, the venture capitalist | 0:10:14 | 0:10:16 | |
who backed Donald Trump's
presidential run, gave $300,000 | 0:10:16 | 0:10:19 | |
to a political campaign
of Josh Hawley, the Missouri | 0:10:20 | 0:10:22 | |
attorney general who opened
an antitrust investigation | 0:10:22 | 0:10:24 | |
into Google this week. | 0:10:24 | 0:10:33 | |
You have seen all the figures. It is
down everywhere, largely a | 0:10:33 | 0:10:40 | |
reflection of Asia following the
United States as there is a lot of | 0:10:40 | 0:10:46 | |
cashing in after the amount of games
we have seen. Just to finish on the | 0:10:46 | 0:10:57 | |
Dow,... That's it for now. | 0:10:57 | 0:11:02 | |
Much more should be done to reduce
the quantity of food | 0:11:15 | 0:11:18 | |
wasted every year. | 0:11:18 | 0:11:20 | |
Campaigners say it's a problem that
costs up to £17 billion | 0:11:20 | 0:11:23 | |
a year and many say consumers
as well as farmers have a major | 0:11:23 | 0:11:27 | |
role to play. | 0:11:27 | 0:11:28 | |
Our correspondent
Jeremy Cooke explains. | 0:11:28 | 0:11:35 | |
Kate is a self-confessed foodie and
took part in a scheme to reduce | 0:11:35 | 0:11:39 | |
waste and now puts 20% less food in
the bin. But how? Well, she measures | 0:11:39 | 0:11:46 | |
ingredient so there is no waste
keeps the fridge at optimum | 0:11:46 | 0:11:50 | |
temperature, users DIY vacuum
packages for long-term storage in | 0:11:50 | 0:11:57 | |
the freezer. And keeps leftovers.
But what happens if you store food | 0:11:57 | 0:12:05 | |
heads for the bin? How about a
community fridge? It is a simple | 0:12:05 | 0:12:10 | |
idea, food that is still good is
donated and given the free to anyone | 0:12:10 | 0:12:15 | |
who wants it. This one is one of two
operating but the plan is to have 50 | 0:12:15 | 0:12:23 | |
up and running by the end of the
year. Good news of the people like | 0:12:23 | 0:12:27 | |
Lisi. If all this is going in the
Beams, it is a wastage is Beersheva | 0:12:27 | 0:12:32 | |
those that do not have enough money.
Producing food is a major investment | 0:12:32 | 0:12:40 | |
and reducing waste will take a huge
shift in attitude in our throwaway | 0:12:40 | 0:12:46 | |
society. | 0:12:46 | 0:12:48 | |
A letter has been delivered
to Downing Street calling for more | 0:12:48 | 0:12:51 | |
"adequate" funding
for schools in England. | 0:12:51 | 0:12:52 | |
It's been signed by headteachers
from more than five thousand schools | 0:12:52 | 0:12:55 | |
who say they're increasingly having
to rely on donations from parents. | 0:12:56 | 0:12:59 | |
Coming up at six o'clock
on Breakfast, will have | 0:12:59 | 0:13:02 | |
all the day's news,
business and sport. | 0:13:02 | 0:13:03 | |
And more on the Supreme Court's
ruling on a challenge | 0:13:04 | 0:13:06 | |
against plans to use minimum pricing
for alcohol to improve public health | 0:13:06 | 0:13:09 | |
in Scotland. | 0:13:10 | 0:13:18 | |
This is The Briefing from BBC News. | 0:13:24 | 0:13:27 | |
The latest headlines: | 0:13:27 | 0:13:28 | |
Loud explosions and gunfire have
been heard in the Zimbabwean | 0:13:28 | 0:13:31 | |
capital. | 0:13:31 | 0:13:32 | |
Military officers deny they're
staging a coup and say president | 0:13:32 | 0:13:42 | |
Mugabe and his family are safe. | 0:13:42 | 0:13:46 | |
The UN has warned that
the catastrophic humanitarian crisis | 0:13:46 | 0:13:50 | |
in Yemen is worsening -
and that unless aid is let in - | 0:13:50 | 0:13:54 | |
millions more lives will be at risk. | 0:13:54 | 0:13:56 | |
Extreme hunger and disease
are already killing an estimated 130 | 0:13:56 | 0:13:58 | |
children a day. | 0:13:58 | 0:13:59 | |
World leaders are meeting in Bonn
to try to stitch together | 0:13:59 | 0:14:02 | |
the climate accord after
Donald Trump's pledge to pull the US | 0:14:02 | 0:14:05 | |
out of the Paris agreement. | 0:14:05 | 0:14:11 | |
Now it is time look at the stories
that are making the headlines | 0:14:11 | 0:14:15 | |
in media across the world. | 0:14:15 | 0:14:16 | |
We begin with Australia's public
broadcaster, the ABC website | 0:14:16 | 0:14:19 | |
and the news that over 60%
of Australians voted | 0:14:19 | 0:14:24 | |
in favour of same-sex marriage. | 0:14:24 | 0:14:26 | |
Prime Minister Malcolm Turnbull sad
the government will aim to change | 0:14:26 | 0:14:28 | |
the existing law
before Christmas. | 0:14:29 | 0:14:39 | |
Next we turn to the Guardian
which leads with UK | 0:14:39 | 0:14:41 | |
Prime Minister Theresa May
who in a speech claimed Moscow had | 0:14:41 | 0:14:44 | |
meddled in UK elections and had
carried out cyber espionage. | 0:14:44 | 0:14:59 | |
The Independent looks
at comments made | 0:14:59 | 0:15:00 | |
by billionaire businessman
and former New York City Mayor, | 0:15:00 | 0:15:03 | |
Michael Bloomberg who says the UK's
departure from the EU would likely | 0:15:03 | 0:15:06 | |
slow down London's economic growth
but said the capital would "be | 0:15:06 | 0:15:09 | |
the financial centre of Europe
for the foreseeable future". | 0:15:09 | 0:15:11 | |
Meanwhile the Guardian has a more
ominous take on Brexit's | 0:15:12 | 0:15:14 | |
impact on London reporting european
cities Paris are hoping | 0:15:14 | 0:15:19 | |
to cash in on Brexit,
by attracting up to ten thousands | 0:15:19 | 0:15:22 | |
jobs to the french capital. | 0:15:22 | 0:15:25 | |
And finally Buzzfeed covers
the uproar among young people | 0:15:25 | 0:15:32 | |
online reacting to comments by a UK
estate agent who said millennial | 0:15:32 | 0:15:36 | |
couples priced off the housing
ladder could save enough | 0:15:36 | 0:15:38 | |
for a deposit in five years
by giving up "luxuries" such | 0:15:38 | 0:15:41 | |
as buying sandwiches,
upgrading their phones | 0:15:41 | 0:15:43 | |
or going on overseas mini-breaks. | 0:15:43 | 0:15:46 | |
With me is Lawrence Gosling who's
editor-in-chief of Investment Week. | 0:15:46 | 0:15:58 | |
We are straight onto the story that
really only | 0:15:58 | 0:16:00 | |
We are straight onto the story that
really only happened a few hours | 0:16:00 | 0:16:02 | |
ago, same-sex marriage is coming to
Australia. This seems to be part of | 0:16:02 | 0:16:08 | |
a general global trend. Experience
of Australia, the vote was very | 0:16:08 | 0:16:16 | |
strong. Also, the participation, 79%
of Australians, as you've seen, this | 0:16:16 | 0:16:26 | |
is not a marginal issue, a big chunk
of the population agrees with it. | 0:16:26 | 0:16:31 | |
It's quite -- it quite is nice when
there is a voluntary vote figure | 0:16:31 | 0:16:36 | |
like that. They have compulsory
elections. There is a statistician | 0:16:36 | 0:16:41 | |
at the website quotes. This was
talked about as being a key issue. | 0:16:41 | 0:16:46 | |
In general referendum, getting
people out to vote is a challenge. | 0:16:46 | 0:16:49 | |
This is clearly hit a real wave in
Australia. Interestingly, the | 0:16:49 | 0:16:54 | |
Northern Territory, only 58% of
people responded. And the RAS still | 0:16:54 | 0:17:00 | |
going to be lots of issues, aren't
there? This is not absolutely cut | 0:17:00 | 0:17:04 | |
and dry, black and white. It's the
modern world, let's get on with it. | 0:17:04 | 0:17:10 | |
It's got to get through the
Australian Parliament. While the | 0:17:10 | 0:17:15 | |
people are in favour, the
politicians will bog this down in | 0:17:15 | 0:17:18 | |
legislation although the Prime
Minister said he will get it into | 0:17:18 | 0:17:22 | |
law before Christmas, six weeks.
That will be interesting. Clearly, | 0:17:22 | 0:17:26 | |
that is what the people now expect.
Let's move on. We've got a bit of a | 0:17:26 | 0:17:33 | |
double or triple whammy. I dare not
say this to the audience. We do get | 0:17:33 | 0:17:38 | |
a lot of Brexit. The Guardian is
reporting on the extent and how they | 0:17:38 | 0:17:47 | |
did it. The Guardian has dug into
it. Part of a wider Commons | 0:17:47 | 0:18:02 | |
investigation. They have found the
University of Edinburgh, it found | 0:18:02 | 0:18:14 | |
not a huge number but quite
significant fake tweets. Around the | 0:18:14 | 0:18:21 | |
terrorism which is a London this
year, stirring up anti-Muslim | 0:18:21 | 0:18:25 | |
feeling on websites that pop up with
newspapers where people would | 0:18:25 | 0:18:30 | |
suggest part of the audience would
believe that kind of thing. It shows | 0:18:30 | 0:18:34 | |
you quite how simple it is to create
fake news. These are things that are | 0:18:34 | 0:18:39 | |
often repeated. And simple enough
about reporting things like a US | 0:18:39 | 0:18:47 | |
Navy veteran, Tennessee Republican,
is that easy. That quoted supposed | 0:18:47 | 0:18:52 | |
eyewitnesses to one of those
terrorism outrages, suggesting was | 0:18:52 | 0:18:56 | |
that women ignored some of the
victims. There is not the level of | 0:18:56 | 0:19:01 | |
credibility and backup that the BBC
are other news organisations would | 0:19:01 | 0:19:07 | |
use. These are posted. They then get
repeated and suddenly, they are | 0:19:07 | 0:19:13 | |
facts. Theresa May being quoted here
from what she said on Monday Russia | 0:19:13 | 0:19:20 | |
threatening the international order
on which we all depend. The last few | 0:19:20 | 0:19:23 | |
minutes, the Russian Foreign
Ministry basically saving this is | 0:19:23 | 0:19:28 | |
nonsense. It is coming because there
is so much tension and pressure | 0:19:28 | 0:19:31 | |
about Brexit, looking for escape
valves almost and this can only | 0:19:31 | 0:19:37 | |
cause regrets. This is coming from
something called the Internet | 0:19:37 | 0:19:43 | |
research agency, a Russian
organisation. Sounds like a credible | 0:19:43 | 0:19:49 | |
body. It does raise the pressure on
the tech companies to tell us more, | 0:19:49 | 0:19:55 | |
what you really know. You're going
to see the pressure build-up again. | 0:19:55 | 0:20:02 | |
Equally, some of the new sites. They
will probably have some questions to | 0:20:02 | 0:20:09 | |
answer. This issue is going to be
with us well beyond that Brexit | 0:20:09 | 0:20:21 | |
moment. Quoting Michael Bloomberg,
the former Mayor of New York, a very | 0:20:21 | 0:20:29 | |
rich man, is also opened a big
office here in London which seems | 0:20:29 | 0:20:33 | |
like a vote of confidence. I suppose
you can decide which way you want to | 0:20:33 | 0:20:38 | |
take. There are two things that make
me smile. London will remain the | 0:20:38 | 0:20:46 | |
financial capital. There are many
would argue that London is the | 0:20:46 | 0:20:50 | |
global financial capital. He does
have a very large of this year. This | 0:20:50 | 0:20:54 | |
is quite clear. Mr Bloomberg makes
the point well. It is the | 0:20:54 | 0:21:00 | |
English-speaking nature of London.
English is the global business | 0:21:00 | 0:21:03 | |
language. That hasn't changed. It
won't change -- is one change. You | 0:21:03 | 0:21:09 | |
are beginning to see one of two
companies moving out. We will talk | 0:21:09 | 0:21:15 | |
about Paris in a minute. He says
English obviously, they are | 0:21:15 | 0:21:20 | |
friendly, cosmopolitan, but when it
comes down to the nuts and bolts of | 0:21:20 | 0:21:27 | |
money, but its Frankfurt, fine. Is
Paris, fine. It doesn't seem to be a | 0:21:27 | 0:21:32 | |
brilliant argument. There is lots to
be said for the quality of life in | 0:21:32 | 0:21:38 | |
London and that's not to denigrate
Paris or any other city but a lot of | 0:21:38 | 0:21:43 | |
people who work in the city would
say, I'd rather work in London and | 0:21:43 | 0:21:47 | |
Frankfurt, for example. Actually
looking at it from the perspective | 0:21:47 | 0:21:55 | |
of the frog. Are we allowed to say
that? They say that, come over and | 0:21:55 | 0:22:00 | |
join the frogs. Up to 10,000 jobs by
2019. Basically, by the time we get | 0:22:00 | 0:22:07 | |
to Brexit, they think they can pull
over 10,000 city jobs? | 0:22:07 | 0:22:13 | |
Interestingly, only around 2500 have
moved over and as this article | 0:22:13 | 0:22:16 | |
points out, the French are also
targeting Asian businesses looking | 0:22:16 | 0:22:23 | |
to set up in Europe. Whichever
stoically come to London. We are | 0:22:23 | 0:22:26 | |
seeing a bit more of some of the
Asian, including the Chinese | 0:22:26 | 0:22:32 | |
institutions, looking at Paris and
potentially Frankfurt as well. This | 0:22:32 | 0:22:36 | |
may not be all London jobs moving
over but actually, in the scheme of | 0:22:36 | 0:22:41 | |
things, 10,000 is significant but
not that significant, I would | 0:22:41 | 0:22:44 | |
suggest, if you are a big investment
bank. You have a lot of people | 0:22:44 | 0:22:48 | |
working. Also, you've mentioned
Frankfurt. The head of Goldman sacks | 0:22:48 | 0:22:54 | |
was saying, coming here a lot more.
That is the big competitor, isn't | 0:22:54 | 0:22:59 | |
it? It potentially is.
Geographically, where frankfurters, | 0:22:59 | 0:23:06 | |
the infrastructure as a financial
centre is probably stronger in | 0:23:06 | 0:23:09 | |
Frankfurt and has been stronger than
Paris has. The last story the day. | 0:23:09 | 0:23:18 | |
It is the question of the day.
Something that Buzzfeed has picked | 0:23:18 | 0:23:26 | |
up. Millennial 's goodbye a house if
they stopped buying sandwiches and | 0:23:26 | 0:23:30 | |
people are mad. They are supposedly
sure is. According to the | 0:23:30 | 0:23:39 | |
calculations, millennial people are
spending thousands of dollars a day | 0:23:39 | 0:23:42 | |
on sandwiches. They go out too
often. And they go on too many mini | 0:23:42 | 0:23:47 | |
breaks. They upgrade their phones.
It's interesting, the deposit for a | 0:23:47 | 0:23:55 | |
house in London and £94,000. As
parents, we are going to contribute | 0:23:55 | 0:24:05 | |
that. We are meant to be coughing
up, we should also be disgruntled. | 0:24:05 | 0:24:12 | |
We have had quite a good response.
Here is one. My wife and I, along | 0:24:12 | 0:24:19 | |
with our daughter managed to go from
homeless accommodation to a mess of | 0:24:19 | 0:24:23 | |
a house with no hot water and we
eventually bought a semi-detached at | 0:24:23 | 0:24:26 | |
the age of 26, we just made small
cutbacks to save up and work hard. | 0:24:26 | 0:24:33 | |
It's a good point. If you actually
want a house and you have a | 0:24:33 | 0:24:36 | |
reasonable job, if you work hard
enough, you can say for it. People | 0:24:36 | 0:24:41 | |
have become used to belittle
fripperies life. We don't get out | 0:24:41 | 0:24:47 | |
enough, no, we don't. | 0:24:47 | 0:24:55 |