Browse content similar to 15/12/2011. Check below for episodes and series from the same categories and more!
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the latest headlines. Results of a survey injured and paint a | :00:02. | :00:09. | |
troubling picture on the country's economic prospects. We now have | :00:09. | :00:18. | |
World Business Report. This is World Business Report. The | :00:18. | :00:23. | |
headlines: Global stock markets continued to fall as Japan's top | :00:23. | :00:29. | |
manufacturers say they fear for the future. The flight from the euro | :00:29. | :00:38. | |
continues. The black beret blues, a grim third-quarter for the | :00:39. | :00:48. | |
struggling smart phone maker after its tablet computer flopped. -- | :00:48. | :00:58. | |
:00:58. | :01:00. | ||
Blackberry. It is another day of the global stock markets falling, I | :01:00. | :01:07. | |
am amhe euro is at its lowest for almost one year. The | :01:07. | :01:15. | |
Bank of Japan's survey of business confidence has taken a big swing | :01:15. | :01:21. | |
into negative territory. Much worse than predicted. Japan's top | :01:21. | :01:26. | |
manufacturers fear a slump in demand from Europe. Let's go to | :01:26. | :01:36. | |
:01:36. | :01:37. | ||
Singapore. Pessimism reigns? Yes, they are quite worried about what | :01:37. | :01:44. | |
is happening in Europe and how it will affect demand for goods made | :01:44. | :01:49. | |
in Japan. They also complained about the strong yen which has | :01:49. | :01:59. | |
:01:59. | :02:05. | ||
heard exports. Floods in Thailand have also it affected manufacturing. | :02:05. | :02:13. | |
Sentiment has fallen. There has been a swing into the negative | :02:13. | :02:23. | |
territory. We had a very unfortunate disaster. Foreign | :02:23. | :02:30. | |
investors outside the eurozone did not reduce their exposure. They | :02:30. | :02:35. | |
shifted exposure from German bonds to Italian bonds. What we have seen | :02:35. | :02:42. | |
over the past couple of weeks, foreign investors, Japanese | :02:42. | :02:52. | |
:02:52. | :02:53. | ||
investors... The economy will grow by 2.5% in 2012, much stronger than | :02:53. | :02:58. | |
the forecast for Europe and the US. How are the markets interpreting | :02:58. | :03:07. | |
this? Not good at all. They are down for a third day in a row. Down | :03:07. | :03:17. | |
:03:17. | :03:33. | ||
1-2 the sand. -- 1-2%. You might not have heard of this company, but | :03:33. | :03:43. | |
it is the largest jewellery chain with outlets of over 1,500 in this | :03:43. | :03:47. | |
part of the world. They will make their debut in Hong Kong and in | :03:47. | :03:57. | |
:03:57. | :04:00. | ||
Shanghai or on Friday. Let's have a look at the markets. The maker of | :04:00. | :04:03. | |
Blackberry, they report third- quarter earnings today. They are | :04:03. | :04:13. | |
going to be grim. Its attempts at a Blackberry computer has been a | :04:13. | :04:23. | |
flock. -- flop. Can the company keep investors on side? Research in | :04:23. | :04:29. | |
motion has had a bad year to put it mildly. This might phone market has | :04:29. | :04:37. | |
end, the Blackberry device has fallen by the wayside. The company | :04:37. | :04:46. | |
has struggled to respond to a new user interface paradigm. The | :04:46. | :04:56. | |
:04:56. | :05:00. | ||
priorities have shifted away from a very end with efficient experience. | :05:00. | :05:08. | |
-- bandwidth. It had a worldwide outrage in October. The response | :05:08. | :05:18. | |
:05:18. | :05:21. | ||
was seen as too little, too late. We are frustrated with what has | :05:21. | :05:29. | |
happened over the past year. ventures like the Blackberry | :05:29. | :05:37. | |
playbook have been disastrous. The ones that did sell were at a big | :05:37. | :05:43. | |
discount. The company is trying to turn over a new leaf with new | :05:43. | :05:47. | |
partnerships, a new operating system and a new handset. Research | :05:47. | :05:54. | |
in motion may not have many more chances. Users everywhere are | :05:54. | :05:59. | |
getting used to having more devices out there on the market. Research | :05:59. | :06:03. | |
in motion needs to compete with that much more sophisticated | :06:03. | :06:13. | |
:06:13. | :06:14. | ||
consumer. The speed of the economic downturn hitting Europe could | :06:14. | :06:24. | |
become more apparent later. Factory data from Germany may show the | :06:24. | :06:27. | |
nation's manufacturing industry contracted for a third month in a | :06:27. | :06:36. | |
row. For the eurozone as a whole, we will get more information. The | :06:36. | :06:45. | |
International Monetary Fund has released $500 million to Ireland. | :06:46. | :06:54. | |
It raced Ireland's implementation of widespread austerity measures. - | :06:54. | :07:04. | |
:07:04. | :07:12. | ||
- is praised. In the US 25% of all teenagers eligible to work cannot | :07:12. | :07:17. | |
get a job. Even those with degrees from some of the finest | :07:17. | :07:21. | |
universities in America are struggling. It is leading some to | :07:21. | :07:31. | |
:07:31. | :07:34. | ||
start their own opportunities. We go to New York. Instead of sending | :07:34. | :07:40. | |
out resume his, these two took the largest gamble of their lives. They | :07:40. | :07:47. | |
scraped together every penny they could, $10,000 to set up this shop | :07:47. | :07:51. | |
that sells portable shoes that fog up into a woman's purse. With the | :07:52. | :07:58. | |
economy stalling, they figured they had nothing to lose. Opportunity | :07:58. | :08:04. | |
cost a pretty low at the moment. Not a lot of jobs out there. | :08:04. | :08:10. | |
fact, the recession gave them the Porsche they needed. I think the | :08:10. | :08:20. | |
:08:20. | :08:22. | ||
economy was a blessing in disguise. -- push. This maybe the best way to | :08:22. | :08:28. | |
make ends meet. It is about creating something that has the | :08:28. | :08:38. | |
:08:38. | :08:39. | ||
ability to sustain you, your family and others. Chocolate was not the | :08:39. | :08:42. | |
first choice of career for this young man and his partner. It | :08:42. | :08:48. | |
turned out delicious nonetheless. Since starting the business in late | :08:48. | :08:53. | |
2009 they have sold over $1 million of chocolate. They now employ | :08:53. | :08:59. | |
between 8-9 people. When we set out we were not looking to create jobs | :08:59. | :09:05. | |
for others. We were looking to trade a job for ourselves. As they | :09:05. | :09:14. | |
Drage jobs it is not their own pay cheque they worry about. -- create | :09:14. | :09:22. | |
jobs. Young people are making their own opportunities. They hope this | :09:22. | :09:32. | |
:09:32. | :09:33. |