:00:02. > :00:09.the latest headlines. Results of a survey injured and paint a
:00:09. > :00:18.troubling picture on the country's economic prospects. We now have
:00:18. > :00:23.World Business Report. This is World Business Report. The
:00:23. > :00:29.headlines: Global stock markets continued to fall as Japan's top
:00:29. > :00:38.manufacturers say they fear for the future. The flight from the euro
:00:39. > :00:48.continues. The black beret blues, a grim third-quarter for the
:00:48. > :00:58.struggling smart phone maker after its tablet computer flopped. --
:00:58. > :01:00.
:01:00. > :01:07.Blackberry. It is another day of the global stock markets falling, I
:01:07. > :01:15.am amhe euro is at its lowest for almost one year. The
:01:15. > :01:21.Bank of Japan's survey of business confidence has taken a big swing
:01:21. > :01:26.into negative territory. Much worse than predicted. Japan's top
:01:26. > :01:36.manufacturers fear a slump in demand from Europe. Let's go to
:01:36. > :01:37.
:01:37. > :01:44.Singapore. Pessimism reigns? Yes, they are quite worried about what
:01:44. > :01:49.is happening in Europe and how it will affect demand for goods made
:01:49. > :01:59.in Japan. They also complained about the strong yen which has
:01:59. > :02:05.
:02:05. > :02:13.heard exports. Floods in Thailand have also it affected manufacturing.
:02:13. > :02:23.Sentiment has fallen. There has been a swing into the negative
:02:23. > :02:30.territory. We had a very unfortunate disaster. Foreign
:02:30. > :02:35.investors outside the eurozone did not reduce their exposure. They
:02:35. > :02:42.shifted exposure from German bonds to Italian bonds. What we have seen
:02:42. > :02:52.over the past couple of weeks, foreign investors, Japanese
:02:52. > :02:53.
:02:53. > :02:58.investors... The economy will grow by 2.5% in 2012, much stronger than
:02:58. > :03:07.the forecast for Europe and the US. How are the markets interpreting
:03:07. > :03:17.this? Not good at all. They are down for a third day in a row. Down
:03:17. > :03:33.
:03:33. > :03:43.1-2 the sand. -- 1-2%. You might not have heard of this company, but
:03:43. > :03:47.it is the largest jewellery chain with outlets of over 1,500 in this
:03:47. > :03:57.part of the world. They will make their debut in Hong Kong and in
:03:57. > :04:00.
:04:00. > :04:03.Shanghai or on Friday. Let's have a look at the markets. The maker of
:04:03. > :04:13.Blackberry, they report third- quarter earnings today. They are
:04:13. > :04:23.going to be grim. Its attempts at a Blackberry computer has been a
:04:23. > :04:29.flock. -- flop. Can the company keep investors on side? Research in
:04:29. > :04:37.motion has had a bad year to put it mildly. This might phone market has
:04:37. > :04:46.end, the Blackberry device has fallen by the wayside. The company
:04:46. > :04:56.has struggled to respond to a new user interface paradigm. The
:04:56. > :05:00.
:05:00. > :05:08.priorities have shifted away from a very end with efficient experience.
:05:08. > :05:18.-- bandwidth. It had a worldwide outrage in October. The response
:05:18. > :05:21.
:05:21. > :05:29.was seen as too little, too late. We are frustrated with what has
:05:29. > :05:37.happened over the past year. ventures like the Blackberry
:05:37. > :05:43.playbook have been disastrous. The ones that did sell were at a big
:05:43. > :05:47.discount. The company is trying to turn over a new leaf with new
:05:47. > :05:54.partnerships, a new operating system and a new handset. Research
:05:54. > :05:59.in motion may not have many more chances. Users everywhere are
:05:59. > :06:03.getting used to having more devices out there on the market. Research
:06:03. > :06:13.in motion needs to compete with that much more sophisticated
:06:13. > :06:14.
:06:14. > :06:24.consumer. The speed of the economic downturn hitting Europe could
:06:24. > :06:27.become more apparent later. Factory data from Germany may show the
:06:27. > :06:36.nation's manufacturing industry contracted for a third month in a
:06:36. > :06:45.row. For the eurozone as a whole, we will get more information. The
:06:46. > :06:54.International Monetary Fund has released $500 million to Ireland.
:06:54. > :07:04.It raced Ireland's implementation of widespread austerity measures. -
:07:04. > :07:12.
:07:12. > :07:17.- is praised. In the US 25% of all teenagers eligible to work cannot
:07:17. > :07:21.get a job. Even those with degrees from some of the finest
:07:21. > :07:31.universities in America are struggling. It is leading some to
:07:31. > :07:34.
:07:34. > :07:40.start their own opportunities. We go to New York. Instead of sending
:07:40. > :07:47.out resume his, these two took the largest gamble of their lives. They
:07:47. > :07:51.scraped together every penny they could, $10,000 to set up this shop
:07:52. > :07:58.that sells portable shoes that fog up into a woman's purse. With the
:07:58. > :08:04.economy stalling, they figured they had nothing to lose. Opportunity
:08:04. > :08:10.cost a pretty low at the moment. Not a lot of jobs out there.
:08:10. > :08:20.fact, the recession gave them the Porsche they needed. I think the
:08:20. > :08:22.
:08:22. > :08:28.economy was a blessing in disguise. -- push. This maybe the best way to
:08:28. > :08:38.make ends meet. It is about creating something that has the
:08:38. > :08:39.
:08:39. > :08:42.ability to sustain you, your family and others. Chocolate was not the
:08:42. > :08:48.first choice of career for this young man and his partner. It
:08:48. > :08:53.turned out delicious nonetheless. Since starting the business in late
:08:53. > :08:59.2009 they have sold over $1 million of chocolate. They now employ
:08:59. > :09:05.between 8-9 people. When we set out we were not looking to create jobs
:09:05. > :09:14.for others. We were looking to trade a job for ourselves. As they
:09:14. > :09:22.Drage jobs it is not their own pay cheque they worry about. -- create
:09:22. > :09:32.jobs. Young people are making their own opportunities. They hope this
:09:32. > :09:33.