06/01/2012 World Business Report


06/01/2012

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of the Roma people are involved with criminal activities. It is

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time for World Business Report. This is World Business Report.

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Unemployment figures for Europe marked a deepening Nov-south divide.

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Germany booms, Spain is in trouble. -- north-south. Samsung says it

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expects a record 4th quarter. Markets await US employment numbers.

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Rising joblessness in Europe will be a continuing theme this Friday

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as Brussels publishes official job figures for the region in a couple

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of hours. One in ten people in the eurozone are out of a job. That

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marks a widening north-south divide. Job prospects continue to worsen

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away from the continent's more than call. -- northern core. It is a

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tale of two Europes. One in five in Spain are unemployed. Unemployment

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is at a 20-year low in Germany. At 6.8% it is still falling. 500,000

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jobs have come on stream this year. France has put his unions on notice

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of changes to social welfare benefits. -- its unions. The lowest

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unemployment rates are in northern Europe. These countries have AAA

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rating economies. By contrast, Nations on the periphery have made

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if you labour market reforms. Business organisations say

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potential employers need more incentives. Europe is based on

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growth and solidarity. At the moment we do not have a grave. How

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can we maintain the solidarity if we do not manage growth? The main

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priority at the moment is to optimise the money and take big

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response for labour laws in order to make it more attractive for

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companies to make jobs. The crisis will be borne by the loss of five

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and those whose wages and livelihoods are most affected by

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continuing austerity measures. Samsung says it made record profits

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in the last three months. Up more than 70% on the previous year. That

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is due to them in sales of smart phones. It overtook Apple. We can

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go to Singapore with the story. It is generating quite a bit of

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excitement? Indeed, Samsung is. It says its profits are going to jump

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73%. That is from October until December. Driven by the highest

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ever smart phone sales it has experienced. Samsung releases its

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official results later this month. Preliminary numbers have topped

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estimates, but the company still faces some charges. -- challenges.

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It is in many legal cases with Apple. Its rivals are something of

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a client. Apple users Samsung chips in some of its products. There have

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been concerns about the long-term profitability of its TV division.

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That has not been doing so well. Earlier, I spoke to someone who

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said Samsung as strong momentum going into this year. Their

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momentum is going to continue. They will diversify from the Android

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platform. Enjoy it has its own challenge us. -- Android. What we

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are seeing with Samsung is something of a paradigm shift. Its

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chief executive is encouraging the company to be more innovative. That

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is in part reflected of the legal battles it is having with Apple.

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Innovation is what drives products. Thank you. Back to the issue of

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unemployment. We turn to the US where the jobless market has been

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slowly improving. With fewer Americans claiming unemployment

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benefits last week, hopes are rising high that the growth will

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continue. It will be watched on Wall Street and in the White House.

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The pace may not be anything to write home about. America's lay the

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picture is improving. On average 130,000 jobs were created each

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month. The popularity of these backpacks is helping the company

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that makes them expand. The founder says they have doubled their staff

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over the past fears and they are not done hiring just yet. There is

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demand around the world. Our business is growing rapidly

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overseas, in Europe, Asia and China. This is one of their recruitment.

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had a chance meeting with the vice- president of product development. I

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was given a chance. I worked six months before I was hired for time.

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It is not just the makers of these toys that are hiring. Retailers and

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manufacturers have been taking on more staff. Have we reached a

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turning point? With modest economic growth forecast for this year, the

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pace for a job creation is not enough to bring down the

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unemployment rate, which remains at an unacceptably high level. This

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slow rate of recovery will not be much comfort to the millions of

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Americans still searching for work. Or to President Obama who faces re-

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election this November. If it continues it will be a modest class

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for the President. I doubt you'll be in an environment where the

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economic outlook is an advantage for the President. The lack of any

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bad news maybe the best news of all. The head of Switzerland's Central

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Bank has vowed not to resign despite uproar over currency

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trading by his family. He conceded he had made mistakes that denied

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wrongdoing and suggested political motives were at work. His wife

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bought $500,000 of American dollars, there were accusations of insider

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trading. Let's take a look at what has been happening on the markets.

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