Browse content similar to 16/11/2011. Check below for episodes and series from the same categories and more!
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Those are the latest headlines. Now for a look at the challenges | :00:04. | :00:14. | |
:00:14. | :00:16. | ||
facing the young and unemployed, here is World Business Report. | :00:16. | :00:21. | |
Welcome to the programme. The headlines: As austerity by us, the | :00:21. | :00:26. | |
jobless rate is expected to rise in the UK. There are fears UK | :00:27. | :00:33. | |
unemployment could top one million. -- youth unemployment. | :00:33. | :00:37. | |
Dell was that the Thailand floods could lead to a shortage of | :00:37. | :00:44. | |
computer parts. Shares of Japan's beleaguered a | :00:44. | :00:50. | |
Olympus jump after confrontation -- confirmation it may not be knocked | :00:51. | :01:00. | |
:01:01. | :01:06. | ||
off the Stock Exchange. Weekend there live now to Canberra, | :01:06. | :01:13. | |
where US President Barack Obama has just arrived. This is his first | :01:13. | :01:17. | |
trip to Australia since he became the US President. He was expecting | :01:17. | :01:21. | |
to come and visit on other occasions but he had to cancel for | :01:21. | :01:26. | |
various reasons. He is about to address the people there who are | :01:26. | :01:30. | |
watching the event. He will also talk to the Australian parliament. | :01:30. | :01:35. | |
As you can see, this is an important time for Australia. He | :01:36. | :01:42. | |
will lay to visit allah' in the knot of the country. -- he will | :01:43. | :01:49. | |
also visit Darwin in the north of the country. More US troops are | :01:49. | :01:56. | |
expected to be sent there to train in Australia. They are currently | :01:56. | :02:06. | |
:02:06. | :02:13. | ||
playing the US national anthem. And he is there for only two days. | :02:13. | :02:23. | |
:02:23. | :02:25. | ||
In a moment, he will enter Parliament House to address those | :02:25. | :02:29. | |
there. This it is significant for the region. He has just come from | :02:29. | :02:36. | |
APEC summit in Honolulu. There, he did address various contentious | :02:36. | :02:44. | |
issues, again talking about time and the Chinese currency. But as | :02:44. | :02:51. | |
RSA, peace -- as I have said, this is something that he will enjoy. | :02:51. | :03:01. | |
:03:01. | :03:11. | ||
Two days in Australia for his visit as President. | :03:12. | :03:16. | |
We will keep you up to date with events in Canberra as and when they | :03:16. | :03:24. | |
take place. Returning now to the business | :03:25. | :03:33. | |
agenda and World Business Report. The number of people out of work in | :03:33. | :03:36. | |
Britain could pass a major milestone today. The latest figures | :03:36. | :03:41. | |
could show that one million young people between the ages of 16 and | :03:41. | :03:46. | |
24 are unemployed. Until now, the UK jobs market has not been as | :03:46. | :03:50. | |
badly affected as the other major economies but that could be about | :03:50. | :03:56. | |
to change. However difficult the current | :03:56. | :04:01. | |
generation of youngsters tried to better its skills, many cannot find | :04:02. | :04:07. | |
full-time work. When the job market contracts, employee his hand on -- | :04:07. | :04:15. | |
hang on to their more experienced staff. Most of the time, it makes | :04:15. | :04:21. | |
you feel like you are not good enough. It makes you feel down. | :04:21. | :04:25. | |
Compared to other large economies, the UK unemployment rate does not | :04:25. | :04:32. | |
look that bad. It is currently just over 8%. That compares with 10% in | :04:32. | :04:37. | |
France and 9% in the US. But less than 6% of Germans are out of work | :04:37. | :04:40. | |
and the situation in Britain could get worse. | :04:40. | :04:45. | |
Unemployment will rise globally over the next few years but the UK | :04:45. | :04:49. | |
will be badly affected, partly because the growth prospects in the | :04:49. | :04:54. | |
UK are particularly negative. One other reason why young people | :04:54. | :04:59. | |
are finding it hard to get work is revealed in a survey out today. It | :04:59. | :05:03. | |
says that many jobseekers have the qualifications that they do not | :05:03. | :05:09. | |
have the personal skills to join the workforce. | :05:09. | :05:16. | |
The computer maker Dell reported a profit of $893 million but | :05:16. | :05:20. | |
disappointed Wall Street with its most recent sales less than | :05:20. | :05:24. | |
analysts expected. Part of the reason was economic uncertainty and | :05:24. | :05:29. | |
flooding in Thailand, which disrupted the flow of components. | :05:29. | :05:38. | |
Beyond the human devastation, the floodwaters in Thailand have | :05:38. | :05:48. | |
:05:48. | :05:49. | ||
disrupted, S -- commerce. Dell says its earnings could be affected by | :05:49. | :05:56. | |
the funds in Thailand. The country turns out almost one quarter of the | :05:56. | :06:00. | |
company's supply parts. As we head into 2012, it remains to | :06:00. | :06:06. | |
be seen how prolonged these delays will be. Dell is also struggling | :06:06. | :06:11. | |
with a more basic problem. The personal computer market is | :06:11. | :06:15. | |
grappling with lower demand and increased competition from | :06:16. | :06:19. | |
smartphones and tablet computers. Revenue from PC sales dropped 6% | :06:19. | :06:25. | |
last year. Despite that, the company was able to squeeze more | :06:25. | :06:30. | |
from less and profits rose. bigger picture for Dell is they are | :06:30. | :06:40. | |
emphasising profitability. They are not being as aggressive on their | :06:40. | :06:46. | |
pricing. On the bright side, Dell is increasingly reliant on sales to | :06:46. | :06:52. | |
businesses rather than individuals and they are still spending. | :06:52. | :07:02. | |
:07:02. | :07:05. | ||
Oliver's shares are up nearly 12% today. -- Olympus. This month, | :07:05. | :07:11. | |
executives admitted hiding offers from investors. We have been | :07:11. | :07:15. | |
watching this since the beginning of the story and for a few days, | :07:15. | :07:21. | |
shares and this company have been climbing. What is happening? | :07:21. | :07:27. | |
Shares are up on speculation that a Olympus might be delisted on the | :07:27. | :07:32. | |
Tokyo Stock Exchange. There was speculation that they might also | :07:32. | :07:42. | |
:07:42. | :07:45. | ||
escape the brunt of any punishment. As you say, those shares have been | :07:45. | :07:55. | |
:07:55. | :07:59. | ||
active since the accounting scandal broke last month. -- have been | :07:59. | :08:08. | |
affected. Yesterday, it went untreated. Nonetheless, the company | :08:08. | :08:14. | |
is still the subject of several investigations after it admitted | :08:14. | :08:20. | |
last week that it had he done investment losses for decades. -- | :08:20. | :08:30. | |
concealed investment losses. International authorities are | :08:30. | :08:40. | |
probing the company as a result. The world's most valuable Telek -- | :08:40. | :08:45. | |
technology company, Apple, has named Arthur Levinson as chairman. | :08:46. | :08:53. | |
It comes after the death of Steve Jobs one month ago. | :08:53. | :08:57. | |
Qantas shares rose to their highest level in three months after the | :08:57. | :09:01. | |
airline said it was hopeful it would reach an agreement with its | :09:02. | :09:06. | |
employees by the end of November. Thousands of passengers were left | :09:06. | :09:11. | |
stranded last month after it grounded all of its aircraft after | :09:11. | :09:15. | |
a labour dispute. Relations began to deteriorate in August after the | :09:15. | :09:21. | |
airline announced plans to move some of its services to Asia. | :09:22. | :09:27. | |
Customers will now have to pay taxes and charges on their Airmiles. | :09:27. | :09:33. | |
The loyalty scheme with 2 million members has been rebranded after 23 | :09:33. | :09:38. | |
years in operation. In the Asian markets, there are | :09:38. | :09:43. |