27/10/2011 GMT with George Alagiah


27/10/2011

George Alagiah presents international news and intelligent analysis going live to the heart of the day's top global story. Plus up-to-the-minute global business news.


Similar Content

Browse content similar to 27/10/2011. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

A done deal. Yuers leaders agree to a plan to fix the region's debt

:00:11.:00:16.

crisis. The markets breathe a sigh of relief for now, but when will we

:00:16.:00:26.
:00:26.:00:35.

Welcome to GMT. Also in the programme. Thousands of people flee

:00:35.:00:45.
:00:45.:00:46.

the Thai capital Bangkok as floodwaters don't wreak havoc. --

:00:46.:00:51.

continue to wreak havoc. Two of Africa's biggest music stars lead a

:00:51.:00:59.

campaign on the silent killer, the growing market in fake medicines.

:00:59.:01:04.

It is 12.30 here in London. 7.30am in Washington and 1.30 in Brussels

:01:04.:01:09.

where a sense of leaf has replaced one of anxiety that was felt 24-

:01:09.:01:13.

hours ago. European leaders have reached an agreement to tackle the

:01:14.:01:17.

eurozone's debt crisis. First of all, private banks holding Greek

:01:17.:01:22.

debt are to accept a loss of 50% and that would help to reduce the

:01:22.:01:25.

country jeevers A-level all debt. The eurozone's main bail out fund

:01:25.:01:31.

will be increased, to 1 trillion euro, a significant increase boost

:01:31.:01:41.

to its firepower and banks will be forced to raise more capital. Our

:01:41.:01:44.

correspondent Andrew Walker is following events and the fall out

:01:44.:01:50.

in Brussels. So they have finally done it. It was a painful

:01:51.:01:56.

experience, but the deal was done. Now, the agree was rubber-stamped

:01:56.:02:00.

here in Brussels but it is always worth remembering that the real

:02:00.:02:04.

muscle behind the eurozone, s its existence and any prospect of

:02:04.:02:09.

clambering its way out of this crisis is in Germany. It is the

:02:09.:02:14.

financial muscle of the German economy. That is why we report from

:02:14.:02:19.

Berlin. It was billed as a make or break summit. The leaders of Europe

:02:19.:02:25.

negotiating over who picks up bills of billions of euros. Late in the

:02:25.:02:30.

night, agreement on how to ease the burden on Greece, and boost the

:02:30.:02:33.

rescue fund. The world wanted to see we could stand the test of this

:02:33.:02:36.

deep economic crisis and I think that tonight we Europeans have

:02:36.:02:42.

shown that we have made the right decisions. I believe the result

:02:42.:02:49.

will be greeted with satisfaction by the world. Today I think we can

:02:49.:02:52.

close a chapter. I think we can now start with all our strength to

:02:52.:02:55.

start working on a new future for our country. In all the dams

:02:55.:03:01.

involved there is a feeling that the agreement has prevented a

:03:01.:03:06.

potential serious collapse of economies. We moved a big step

:03:06.:03:09.

ahead to stabilise the euro and solve the problems in Greece. Not

:03:09.:03:13.

just in the short-term, but it opened the door for threatty

:03:13.:03:19.

changes. These good measures, and this is our demand, must lead to

:03:19.:03:22.

their fixation in the Lisbon Treatys. Here at the German

:03:22.:03:26.

Parliament the common view is it was a triumph for America. She got

:03:26.:03:31.

what she wanted in her negotiations with France for example ifrplt has

:03:31.:03:35.

been perceived as strengthening her in German politics and in European

:03:35.:03:41.

politics. The rescue fund for the euro, the European Financial

:03:41.:03:45.

Stability Facility, will be beefed- up by complicated financial device,

:03:45.:03:49.

so it acts more like an insurance fund, but details remain to be

:03:49.:03:59.
:03:59.:04:00.

decided. We have identified two approaches for the ESFF. It aims at

:04:00.:04:04.

Griffing credit enhancement to bonds issued by member states, and

:04:04.:04:08.

the second approach, the fund could set up one or several special

:04:09.:04:15.

purpose vehicles to finance its operations. Each option could lead

:04:15.:04:20.

to leverage of up to four or five times. And the banks have agreed to

:04:20.:04:25.

write off half of what they lent to Greece, but some are conceding that

:04:25.:04:32.

this won't break them. The second biggest bank in Germany will lose

:04:32.:04:35.

750 million euros. Half the profit it made last year. Whether the

:04:36.:04:39.

agreement works will depend on economic growth. If recession

:04:39.:04:44.

returns in Europe, and North America, then the finances of all

:04:44.:04:47.

countries get worse. But if economies pick up, then the

:04:47.:04:57.

measures agreed by leaders have a fighting chance of success. And of

:04:57.:05:01.

course, there is this great sense of relief that a deal has been done,

:05:01.:05:04.

but there are plenty of uncertainties about it. Not least

:05:04.:05:09.

the amount of detail that still needs to be filled in. And of

:05:09.:05:12.

course all these eurozone leaders were determined to make their voice

:05:12.:05:17.

heard during these talks, but also they had to convince the

:05:17.:05:19.

international community, the rest of the world that they know what

:05:19.:05:24.

they are doing. Christian Frazer tweeted that President Sarkozy has

:05:24.:05:28.

spoken to the Chinese premier in the last hour. The message now I

:05:28.:05:34.

suppose is we need help, we need support, but we are on top of this.

:05:34.:05:37.

They need to send a message to financial marks to generate

:05:37.:05:40.

confidence there, but yes, they are also seeking financial help from

:05:40.:05:45.

some of the big emerging economies, the likes of China and President

:05:45.:05:49.

Sarkozy has been speaking, and in addition, the head of the European

:05:49.:05:52.

Financial Stability Facility, the bail out agency is planning to go

:05:52.:05:57.

to China, to try and persuade them to invest in some new fund. There

:05:57.:06:01.

will be more of that kind of initiative to try and beef up the

:06:01.:06:04.

resources that are available for putting a backstop behind

:06:04.:06:11.

struggling European Governments. will see how it pans out. Thank you.

:06:11.:06:17.

With me here is David Buik from BGC Partners. The deal is done, but of

:06:17.:06:21.

course, we have heard from Sally, we were looking at the business new,

:06:21.:06:25.

we heard from Andrew the devil is in the detail, they need to

:06:25.:06:33.

convince the world it will work. Absolutely. To pick up the point

:06:33.:06:38.

about Hu Jintao phone call from Nicolas Sarkozy. China has its own

:06:38.:06:42.

problems. That is pes Mick tick. they are going to step up to the

:06:42.:06:46.

plate they are hard bargainer, one of the things we were talking about

:06:46.:06:51.

in the detail is where does this 1.4 billion dollars or euros come

:06:51.:06:57.

from. How it is going to work? How much of it is insurance policy? How

:06:57.:07:01.

much will be segregated to sov win wealth fund, hopefully if things

:07:01.:07:04.

are sorted out properly they will come up to the plate and deal with

:07:04.:07:10.

it. This is a big ask. Sounded woundful the way President Sarkozy

:07:10.:07:13.

said 1.4 million dollar, I repeat dollars, because this is a global

:07:13.:07:17.

situation. He is dead right. But I wouldn't count too much on the

:07:17.:07:22.

Chinese. Don't take a job in impert naiting French Presidents in the

:07:22.:07:27.

future. Of course! No longer can it be seen, the eurozone can't be seen

:07:27.:07:31.

as France and Germany driving the economy, it is a whole area, that

:07:31.:07:35.

that is in trouble and it need to grow. How is the world economy

:07:35.:07:39.

going to be affected? It will be affected really by what the banks

:07:39.:07:43.

can do to help for growth, and if they are going to have to increase

:07:43.:07:48.

the level of dam, which will mean almost certainly selling off asset,

:07:48.:07:51.

their ability to lend money to deserving causes is going to be

:07:51.:07:55.

much more restricted. Therefore it will be very important not only as

:07:55.:07:59.

the European Union got to drive for growth which is incredibly

:07:59.:08:03.

important, u otherwise we will fall into a vortex of recession, which

:08:03.:08:07.

we don't want to see. More important is they have to cut the

:08:07.:08:10.

debt. People like Silvio Berlusconi of Italy who has a very difficult

:08:10.:08:14.

job, running the most difficult coalition Government in Italy

:08:14.:08:18.

imaginable. He will have to sell off five billion euros worth of

:08:18.:08:22.

debt every year, in probably the next ten years. It is a huge ask

:08:22.:08:27.

when you think if you draw a line under the Po valley all the wealth

:08:27.:08:32.

is above that and be loit they have serious problems ch? We talk about

:08:32.:08:35.

how the world looks tat eurozone economy and the impact of that.

:08:35.:08:40.

What about me? What about our viewers? How will it affect our

:08:40.:08:45.

purses our wallets? Where will we feel the pinch? Is it going to

:08:45.:08:51.

improve? A start has been made. That is why markets rally. Banks

:08:51.:08:56.

are up 9%. From a serious trash level. That is a relief rally. No

:08:56.:09:01.

more, no less. The rest of the companies are mean and lean and

:09:01.:09:07.

they will drive decent profit, to you and I, my grandchildren and my

:09:07.:09:10.

great-grandchildrem are going to pay for this. It will be very tough

:09:10.:09:16.

going in the next five to ten years. It is going to require an absolute

:09:16.:09:19.

global approach to balancing out the imbalances of the world's

:09:19.:09:23.

economy. It will need China in a big way, it will need the United

:09:23.:09:27.

States to stop taking political stances, and help deliver what can

:09:27.:09:34.

be the recovery of the world's economy. It will need it very badly.

:09:34.:09:39.

So December -- despite the few for owe you have been -- euphoria, you

:09:39.:09:44.

have been a reality check. It will have to take fantastic resolution

:09:44.:09:49.

from everyone. Thank you. Let us look at some of the other stories

:09:49.:09:55.

round the world. Thousands of people are fleeing the Thai capital

:09:55.:10:00.

Bangkok after the Government warped larged parts of the city could be

:10:00.:10:05.

inundated by floodwater. There is an expected flow with one front

:10:05.:10:09.

headed for central Bangkok. A five day holiday has been declared in

:10:09.:10:13.

the worst affected regions to allow people time to pack up and move.

:10:14.:10:17.

Our correspondent is following developments from the capital. I

:10:17.:10:21.

think it is fair to say anxiety has been rising over the past few days,

:10:21.:10:26.

in line with the floods. The water keeps rising and creeping deeping

:10:26.:10:30.

and as it does people look on nervously, those who can are in

:10:30.:10:34.

large numbers now heeding the authorities advice to get out of

:10:34.:10:40.

the city, at least for the next few days. This special holiday has been

:10:40.:10:44.

declared for flood after fens effected province, but that is 27

:10:44.:10:47.

including Bangkok. Those who can are trying to get out-of-town.

:10:47.:10:50.

There are plenty of others who are choosing to stay or have nowhere

:10:50.:10:53.

else they feel they can gox and they have been stock up on

:10:54.:10:59.

provision, so we have seen a decline in basic food stuffs like

:10:59.:11:02.

canned food, but crucially bottled water. The Government says it is

:11:02.:11:06.

trying to import more supplies but there are distribution problems as

:11:06.:11:10.

well as trying to source them in the first place. Severe flooding

:11:10.:11:13.

has hit several parts of Italy killing at least five people with

:11:13.:11:17.

eight more missing. Buildings and roads have been damaged and a huge

:11:17.:11:21.

clear up operation is under way. The worst affected areas are

:11:21.:11:27.

Tuscany and Liguria. A former Argentine naval intelligence

:11:27.:11:32.

officer known as the Blonde Angel of Death has been given a life

:11:32.:11:37.

sentence for torture and murder. Alfredo Astiz's victims included

:11:37.:11:42.

Human Rights activists and two French nuns. Others have being

:11:42.:11:45.

sentenced. Israel has agreed to another prisoner exchange, this

:11:45.:11:50.

time with Egypt. It is swapping 25 Egyptian prisoners for Israeli-

:11:50.:11:55.

American grap, he was arrested in June accused of spying. The deal

:11:55.:11:57.

comes days after houference Palestinian prisoners were

:11:57.:12:02.

exchanged for Gilad Shalit. The death toll from major earthquake

:12:02.:12:07.

that hit eastern Turkey on Sunday has climbed to 534. Rescuers

:12:07.:12:11.

continue to search through the rubble though hope is fading of

:12:11.:12:14.

finding many more alive. Many survives have complained about the

:12:14.:12:21.

slow distribution of aid. Queen Elizabeth is continuing her tour of

:12:21.:12:26.

Australia, she landed in Perth to continue her ten day tour of the

:12:26.:12:30.

country, there she visited a cookery class at a Aboriginal high

:12:30.:12:35.

school where kangaroo stew was on the menu. It included a display of

:12:35.:12:39.

dancing, before Her Majesty was presented with an Australian rules

:12:39.:12:45.

football. The Queen will depart for London on Saturday after hoping the

:12:45.:12:48.

Commonwealth Heads of Government Meeting. On the agenda of that

:12:48.:12:53.

meeting is the question of succession in the Royal Family. We

:12:53.:12:57.

will hear from Canada and Jamaica in a moment but first Nicholas

:12:57.:13:06.

Changes to both the British monarchy and the Commonwealth

:13:06.:13:09.

itself will be discussed at the meeting. Leaders of the 16

:13:09.:13:12.

countries which have the British monarch as head of state will

:13:12.:13:15.

consider a proposal from the British government that in future

:13:15.:13:20.

the eldest child of the heir to the throne should succeed to the throne,

:13:20.:13:24.

irrespective of whether they are male or female. Gender equality in

:13:24.:13:27.

the line of succession, a fundamental change in prospect.

:13:27.:13:30.

Then the leaders of all 53 countries will consider

:13:31.:13:34.

recommendations for what is known as the eminent Persons Group to try

:13:34.:13:39.

to make the Commonwealth more relevant. They are suggesting a

:13:39.:13:42.

commissioner for human rights and good governance, more power to the

:13:42.:13:46.

Commonwealth Secretary General and a Commonwealth charter. This does

:13:46.:13:50.

have the potential for disagreement, not least because one of the

:13:50.:13:53.

recommendations is that homosexuality should be legalised

:13:53.:13:58.

throughout the Commonwealth. When you consider that in around 40 of

:13:58.:14:02.

the 53 Commonwealth countries, sexuality is at the moment illegal,

:14:02.:14:10.

you see the potential for disagreement. Here in Canada, prime

:14:10.:14:13.

minister Stephen Harper says he supports what he recalled -- calls

:14:13.:14:16.

reasonable modernisation when it comes to the Commonwealth

:14:16.:14:20.

succession laws but says it is not a priority for Canadians and does

:14:20.:14:23.

not want to open up the debate in Parliament. In fact he says he has

:14:23.:14:27.

to concentrate on creating jobs and the economy. The royal family in

:14:27.:14:30.

Canada is very popular and this was evident in the summer when the Duke

:14:31.:14:34.

and Duchess of Cambridge came here and celebrated after their wedding

:14:34.:14:38.

and drew huge crowds in a media frenzy. Let's hear what other

:14:38.:14:42.

Canadians have to say about the possible change. I think it is a

:14:42.:14:51.

positive change. And I think it is something that would help keep the

:14:51.:14:53.

institution relevant, because otherwise they are alienating a

:14:54.:14:58.

huge group of people, young women. I think it is a potential change

:14:58.:15:02.

that should have been done a long time ago. I think that is just a

:15:02.:15:07.

sign of the Times that we are maybe growing a little bit more instead

:15:07.:15:12.

of being Neanderthal men. I don't think Canadians care one way or

:15:12.:15:17.

another, whether it is a male or female successor. Most people see

:15:17.:15:22.

their role as a figurehead role. For for many people in Jamaica they

:15:22.:15:28.

do not care about the Commonwealth they mean nothing. The idea that a

:15:28.:15:32.

woman should not be a monarch even if she is born first or has a

:15:32.:15:38.

brother later seems ridiculous. In this country some 45 % of

:15:38.:15:43.

households have a female at the head. The reigning king or queen

:15:43.:15:48.

doesn't make a difference to me or any way. It wouldn't make a

:15:48.:15:52.

difference in society, male or female, anyway. I think Jamaicans

:15:52.:15:57.

are more immersed in their own social and economic problems to be

:15:57.:16:04.

looking at the monarchy as any sort of panacea for their current ills.

:16:04.:16:08.

What bothers many Jamaicans here about the Commonwealth heads of

:16:08.:16:11.

government meeting is the fact that there is going to be a motion put

:16:11.:16:19.

forward that homosexuality's banner here the reverse. In this Christian

:16:19.:16:23.

country people do not want see things changed. Groups fighting for

:16:23.:16:26.

gay rights see things have to move forward, but for Jamaican see if

:16:26.:16:36.
:16:36.:16:39.

they want things to stay as they are. Still to come: we have a big

:16:39.:16:43.

problem. It is time for you to kick bad habits about medicine as deadly

:16:43.:16:50.

weapons. A powerful warning about the deadly threat of fake medicines.

:16:50.:17:00.
:17:00.:17:02.

We will be live in Nairobi to learn Time for the business news, and

:17:02.:17:05.

there is some euphoria in the market. The Yes, the markets have

:17:05.:17:09.

reacted favourably to the Eurozone deal. Investors now feel something

:17:09.:17:13.

definite has been done. However, as the day goes on there will be lots

:17:14.:17:17.

of questions. They want to recapitalise the banks, meaning

:17:17.:17:21.

they have to hold more money. If the banks have to hold more money,

:17:21.:17:25.

where will they get it from a what does that mean for us? Will the

:17:25.:17:28.

banks be able to lead the same amount of money they have been able

:17:28.:17:32.

to? And the bail-out fund as well, where again is the money coming

:17:32.:17:37.

from to strengthen that? Some say that although the markets are

:17:37.:17:45.

acting favourably at the moment, reality will probably soon sink in.

:17:45.:17:49.

The markets we have seen today with spreads tightening and the equity

:17:49.:17:53.

rebounding, that is likely to be a short-lived phenomenon. Once the

:17:53.:17:58.

questions are not answered, the uncertainty will come back in the

:17:58.:18:03.

financial markets. OK, a reality check. I suppose the deal marks the

:18:03.:18:07.

start of a very long process. have been talking about a marathon

:18:07.:18:11.

not a sprint. It has taken 14 summits to get here, so you can

:18:11.:18:15.

imagine how much more we will have in terms of talking and thrashing

:18:15.:18:19.

out the deal. But everybody is pleased that there is something

:18:19.:18:22.

definite in place, and also what is more pleasing to a lot of people is

:18:22.:18:27.

that there is a definite road map. We have got other milestones in the

:18:27.:18:31.

diary. Nick Fothergill is from the Royal Bank of Canada and he says at

:18:31.:18:38.

least there is a definite timeline that people can relate to. We have

:18:38.:18:42.

the G20 summit and then the euro- zone finance meeting, the ESF

:18:42.:18:46.

framework by November and even dear old Italy has got to come up with

:18:46.:18:49.

its first reaction to the pram by mid-November. European heads of

:18:49.:18:56.

state, eight on 9th December, then finally you have the signing of the

:18:56.:19:00.

treaty at the end of December. Nick Fothergill there. For months,

:19:00.:19:04.

we have been talking about this and we have been waiting throughout the

:19:04.:19:08.

14 summits, and the markets are doing well. It is an interesting

:19:08.:19:13.

point, because usually we have just seen changes are 0.5 %, but

:19:13.:19:17.

different today. It is very much a euphoric rally and a sigh of relief

:19:17.:19:21.

in some ways. Looking at the markets you will see the FT-SE 100

:19:21.:19:27.

is up 2.6 %, but looking at the bottom, the Italian stock exchange,

:19:27.:19:32.

up 777 points. Italy is a crucial point of the deal going forward. It

:19:32.:19:37.

has to, with its own austerity measures, but at the moments the

:19:37.:19:42.

market's reacting favourably and a sigh of relief that something that

:19:42.:19:45.

looks like a proper road map going forward. But as we keep saying, the

:19:46.:19:51.

devil is in the detail. D Taylor is the crucial word and also, at the

:19:51.:20:01.
:20:01.:20:07.

Mona -- detail is the crucial word. I'm Naga Munchetty.

:20:07.:20:12.

The headlines: European stock markets have risen after European

:20:12.:20:16.

leaders worked late into the night to agree a plan to cut the Greek

:20:16.:20:24.

debt mountain and deal with the wider financial crisis.

:20:24.:20:27.

Residents of the Thai capital, Bangkok have been warned that parts

:20:27.:20:34.

of the city could be under water Members of South Africa's main

:20:34.:20:36.

opposition party, the Democratic Alliance, have elected a new leader

:20:36.:20:41.

for their party in parliament. They've chosen, Lindiwe Mazibuko,

:20:41.:20:44.

who becomes the first black leader of the official opposition, in the

:20:44.:20:47.

National Assembly. The vote's being seen as a big test for the

:20:47.:20:50.

Democratic Alliance as it tries to throw off its white image. Our

:20:50.:21:00.
:21:00.:21:02.

Southern Africa Correspondent Karen The annual opening of Parliament is

:21:02.:21:07.

a colourful affair in every sense of the word. The ANC, South

:21:07.:21:11.

Africa's Party of Liberation, in government for the past 17 years,

:21:11.:21:15.

yet the opposition, historically supported by white voters, has just

:21:15.:21:21.

elected its first black leader of the National Assembly. This

:21:21.:21:24.

election is not a referendum on whether there is a place for black

:21:24.:21:34.

South Africans. Lindiwe Mazibuko. She is the face of the new

:21:34.:21:37.

Democratic Alliance. We have to crucially capture the disaffection

:21:37.:21:42.

people are feeling with the ANC at the moment. She was pitted against

:21:42.:21:46.

this man, a well-respected heavy weight. The Prix are going to be a

:21:46.:21:49.

party for all South Africans they must be a place for me and others.

:21:49.:21:55.

Although this is a contest in the main other parliament, it is also

:21:55.:22:00.

seen as a campaigning tool to woo black voters to a party still

:22:00.:22:06.

criticised for being far too wide. -- white. But look how things are

:22:06.:22:16.

Didier is trying to gain a foothold in the South African black

:22:16.:22:21.

provinces. -- the DEA. Scenes like this in Soweto would have been

:22:21.:22:27.

unthinkable years back, and critics say promoting the lady appeared to

:22:27.:22:29.

be window-dressing, but she does appear to have support at the top.

:22:29.:22:37.

The ANC Youth League has demeaned her as simply a servant. She is a

:22:37.:22:42.

puppet and per role must remain in the kitchen for making the tea.

:22:42.:22:46.

ugly racial reference to the bust. But some predict a strong black

:22:46.:22:50.

figure leading the opposition would help erode the ruling party's

:22:50.:22:55.

traditional power base. -- and ugly racial reference to the past.

:22:55.:22:59.

Staying with Africa now. Two of its biggest music stars, South Africa's

:22:59.:23:01.

Yvonne Chaka Chaka and Senegal's Youssou N'Dour, have put their

:23:01.:23:04.

names and voices to a campaign to combat a silent killer -

:23:04.:23:07.

counterfeit medicines. It's been estimated that in Africa, as well

:23:07.:23:10.

as some parts of Asia and Latin America, more than 30% of medicines

:23:10.:23:13.

on sale are fake. The World Health Organisation says these counterfeit

:23:14.:23:19.

have harmful effects and can be deadly. The range of fake drugs on

:23:19.:23:21.

the global market spans across all manner of medicines including

:23:21.:23:28.

antibiotics, steroids, anti- depression and anti-cancer pills.

:23:28.:23:31.

In the largest operation of its kind this year, an Interpol-

:23:31.:23:35.

supported task force seized drugs worth $6.3 million. They also shut

:23:35.:23:41.

down almost 13,500 websites that were engaged in illegal activity.

:23:41.:23:44.

Before we talk to Yvonne Chaka Chaka, let's have a look at the

:23:44.:23:54.
:23:54.:24:15.

music video to the new song, which Proud, proud to be... Yvonne Chaka

:24:15.:24:18.

Chaka is launching the song tonight in Nairobi. She joins me live from

:24:18.:24:24.

our studio there. I would get the details of how you recorded the

:24:24.:24:27.

song and what was involved, but what inspired you to take up the

:24:27.:24:36.

cause? Thank you for having me. We are here in Nairobi today as a

:24:36.:24:41.

goodwill ambassador, which prompted me to do this, because we cannot be

:24:41.:24:46.

shouting and telling President to make sure that we want political

:24:46.:24:51.

will, and we cannot have women walking 40 kilometres to go and get

:24:51.:24:57.

medication whereas on the other side people are making sure that

:24:57.:25:05.

these counterfeit drugs... What a shame. Yvonne, can you hear me?

:25:05.:25:11.

Perhaps we can hear you rather than see you? How unfortunate. I do

:25:11.:25:16.

apologise for the loss of vision there. There has been a launch of a

:25:16.:25:24.

music video and a song called Proud to Be. The idea was to create this

:25:24.:25:29.

song to help highlight the issue of fake medicines on the market which

:25:29.:25:33.

are killing many, many people. If we can get her back, we will, but

:25:33.:25:36.

in the meantime we will will look at the fact that population growth

:25:36.:25:40.

is affecting us all, because in less than a week the Earth will be

:25:40.:25:44.

home to 7 billion people officially. We are running a series of special

:25:44.:25:48.

reports on population growth around the globe. Our China Correspondent

:25:48.:25:54.

finds out how mobile job-hunting is helping migrant workers.

:25:54.:25:59.

The booming city of changing it was where China's economic thrust first

:25:59.:26:05.

began. For over 30 years it has been a magnet for migrants in

:26:05.:26:09.

search of factory jobs. But now it is attracting a new breed of

:26:09.:26:15.

Chinese worker. I am a born entrepreneur. My father used to be

:26:15.:26:19.

an air force pilot. What I learned from him was to take calculated

:26:19.:26:23.

risks and then I started my business. Five years ago this man

:26:23.:26:28.

sold his house to finance a start- up. It began with just by people.

:26:28.:26:33.

But now the software firm has over two were hundred employees. He has

:26:33.:26:37.

designed an application that connects workers with factories. He

:26:37.:26:43.

was successful because the application was tailored to the

:26:43.:26:50.

International news and intelligent analysis going live to the heart of the day's top global story. George Alagiah shares his experience as one of the BBC's most successful foreign correspondents to communicate why world stories matter to a UK and global audience.

Featuring exclusive reports from BBC World News correspondents based around the world, plus up-to-the-minute global business news.


Download Subtitles

SRT

ASS