Browse content similar to 21/10/2011. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
been killed since the beginning of its campaign in 1988. Now it is | :00:05. | :00:15. | |
:00:15. | :00:21. | ||
time for World Business Report. The summit this weekend to save the | :00:21. | :00:26. | |
euro. France and Germany admit they will have to have more talks next | :00:26. | :00:36. | |
:00:36. | :00:38. | ||
week. Caution in Asia as investors remain sidelined ahead of the | :00:39. | :00:44. | |
crucial European summit. Rupert Murdoch's faces his shareholders, | :00:44. | :00:54. | |
:00:54. | :00:57. | ||
bracing for a rough ride over the phone hacking scandal. After many | :00:57. | :01:01. | |
months going round in circles European leaders cannot put things | :01:01. | :01:06. | |
off for much longer. At a summit in Brussels this weekend they will try | :01:06. | :01:16. | |
:01:16. | :01:18. | ||
to finalise their grand plan to solve the European debt crisis. The | :01:18. | :01:21. | |
rest of the financial world can only watch and wait. Our | :01:21. | :01:29. | |
correspondent reports. A few days to save the Cern and its economy | :01:29. | :01:39. | |
:01:39. | :01:47. | ||
from a conflagration that would scorch the global economy. -- to | :01:47. | :01:56. | |
euros and saved the eurozone. Popular press Test against the | :01:56. | :02:00. | |
flaws in the financial system are mushrooming all over America and | :02:00. | :02:09. | |
Europe. This protest is outside St Paul's Cathedral. Been protest | :02:09. | :02:14. | |
could become larger and louder. How long are you prepared to stick it | :02:14. | :02:24. | |
:02:24. | :02:27. | ||
out? The people are to be to fail. -- too large to fail. You cannot | :02:27. | :02:32. | |
make too many parallels between Greece and he. The common factor is | :02:32. | :02:38. | |
that people are being made to pay for crisis they did not cause. | :02:38. | :02:45. | |
Contagion from Greece, strikes, strife and economic meltdown that | :02:45. | :02:52. | |
European leaders want to avoid at all costs. They are looking to | :02:52. | :02:57. | |
strengthen banks and increase the bail-out fund. Escalation of the | :02:57. | :03:02. | |
crisis, real problems with Greece. Countries like Italy and Spain | :03:02. | :03:12. | |
:03:12. | :03:14. | ||
stand to suffer. There is still a divide between France and Germany | :03:14. | :03:19. | |
on how to increase the size of their rescue fund. There is no | :03:19. | :03:23. | |
consensus on whether Greece should be allowed to write off more of its | :03:23. | :03:30. | |
debt. They can stop the crisis getting worse but the really be a | :03:30. | :03:36. | |
challenge is to get sustainable growth back to the countries of the | :03:36. | :03:41. | |
periphery. We are not seen that happening. What should be | :03:41. | :03:47. | |
preventable in the coming hours and days his financial catastrophe, but | :03:47. | :03:50. | |
stabilising these Anne and rebuilding his economy is a Labour | :03:50. | :04:00. | |
:04:00. | :04:02. | ||
for the months and years ahead. -- stabilising the rose. BBC News. | :04:02. | :04:12. | |
:04:12. | :04:12. | ||
What is the feeling about the weekend? On the market's investors | :04:12. | :04:19. | |
are not taking any big positions. Volumes are thin. Markets have not | :04:19. | :04:29. | |
:04:29. | :04:31. | ||
done anything exciting this Friday morning. The AA XX 200 has gone | :04:31. | :04:38. | |
into negative territory. They had open slightly higher at now the | :04:38. | :04:42. | |
markets are not reacting well. There is a lot of concern about | :04:42. | :04:47. | |
what will happen at the summer and in Europe. Of course they are | :04:47. | :04:57. | |
:04:57. | :04:59. | ||
hoping to see some kind of resolution. The eurozone is the | :04:59. | :05:09. | |
:05:09. | :05:09. | ||
biggest trading partner for Singapore, for instance. The | :05:09. | :05:17. | |
ratings of Spain, Italy, Ireland and Portugal could have their | :05:17. | :05:24. | |
ratings downgraded. That will not help sentiment in Asia. People are | :05:24. | :05:29. | |
watching developments in Libya with interest as to whether the death of | :05:29. | :05:36. | |
Colonel Gaddafi will hasten the return to oil production. If you | :05:36. | :05:46. | |
:05:46. | :05:46. | ||
take the markets as a gauge their has not been too much reaction. | :05:46. | :05:54. | |
Very mixed reaction in spite of optimism that perhaps the death of | :05:54. | :06:01. | |
Colonel Gaddafi may be to a resumption of the oil industry in | :06:01. | :06:08. | |
Libya. We heard from the chairman of the National Oil Company to say | :06:08. | :06:14. | |
that output has already been ramped up but There RAL tough challenges | :06:14. | :06:24. | |
:06:24. | :06:25. | ||
ahead for Libya. We construction will take some time. News | :06:25. | :06:28. | |
Corporation chief Rupert Murdoch is braced for a rough ride from | :06:28. | :06:34. | |
shareholders this Friday. A growing number of shareholder advisory | :06:34. | :06:40. | |
groups are recommending that shareholders use the AGM to vote | :06:40. | :06:45. | |
against News Corp directives. Someone to see Rupert Murdoch and | :06:45. | :06:49. | |
his sons ousted from the board following the phone hacking scandal. | :06:49. | :06:57. | |
Our correspondent reports. At eight he won Rupert Murdoch is under | :06:57. | :07:01. | |
pressure as never before. A vocal band of News Corp shareholders | :07:01. | :07:11. | |
:07:11. | :07:12. | ||
wanted get rid of him id of him n and chief executive. This woman | :07:12. | :07:19. | |
represents a foundation of shareholders. She says there are so | :07:19. | :07:22. | |
many issues with a musical is run it is difficult to know where to | :07:22. | :07:29. | |
begin. It is frustrating that there seems to be a lack of | :07:29. | :07:34. | |
accountability and transparency. Shareholders have been continually | :07:34. | :07:43. | |
frustrated on many fronts by a lack of transparency. The phone hacking | :07:43. | :07:48. | |
scandal emerged in the UK lusty. End led to the closure of News of | :07:48. | :07:52. | |
the World at all certain multiple arrests and lawsuits and critic the | :07:52. | :08:02. | |
loss of a major deal. News col's attempts to buy BSkyB. -- News | :08:02. | :08:12. | |
:08:12. | :08:18. | ||
Corp's attempts. Broadcaster and satellite licences can tarnish the | :08:18. | :08:22. | |
reputation so they cannot get them any more. It puts the whole | :08:22. | :08:28. | |
enterprise in jeopardy Foster shareholders may be angry, but they | :08:28. | :08:34. | |
are unlikely to get their way with Rupert Murdoch end his family. | :08:34. | :08:40. | |
shareholder meeting may get heated, but it is unlikely to mean big | :08:40. | :08:44. | |
changes for the company. The Murdoch company controls almost | :08:44. | :08:48. | |
half of the voting shares and the UK News of the World hacking | :08:48. | :08:58. | |
:08:58. | :08:59. | ||
scandal has still had only a limited impact in the US. BBC News. | :08:59. | :09:05. | |
Investors will be watching results from General Electric for more | :09:05. | :09:14. | |
signs of the global economy. They make everything from lightbulbs to | :09:14. | :09:22. | |
jet tensions and their growth has been down 10% this year. As | :09:22. | :09:29. |