Browse content similar to 06/01/2012. Check below for episodes and series from the same categories and more!
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of the Roma people are involved with criminal activities. It is | :00:07. | :00:16. | |
time for World Business Report. This is World Business Report. | :00:16. | :00:23. | |
Unemployment figures for Europe marked a deepening Nov-south divide. | :00:23. | :00:30. | |
Germany booms, Spain is in trouble. -- north-south. Samsung says it | :00:30. | :00:40. | |
:00:40. | :00:46. | ||
expects a record 4th quarter. Markets await US employment numbers. | :00:46. | :00:55. | |
Rising joblessness in Europe will be a continuing theme this Friday | :00:55. | :00:58. | |
as Brussels publishes official job figures for the region in a couple | :00:58. | :01:03. | |
of hours. One in ten people in the eurozone are out of a job. That | :01:03. | :01:11. | |
marks a widening north-south divide. Job prospects continue to worsen | :01:11. | :01:21. | |
:01:21. | :01:22. | ||
away from the continent's more than call. -- northern core. It is a | :01:22. | :01:32. | |
tale of two Europes. One in five in Spain are unemployed. Unemployment | :01:32. | :01:38. | |
is at a 20-year low in Germany. At 6.8% it is still falling. 500,000 | :01:38. | :01:48. | |
:01:48. | :02:00. | ||
jobs have come on stream this year. France has put his unions on notice | :02:00. | :02:07. | |
of changes to social welfare benefits. -- its unions. The lowest | :02:07. | :02:16. | |
unemployment rates are in northern Europe. These countries have AAA | :02:16. | :02:24. | |
rating economies. By contrast, Nations on the periphery have made | :02:24. | :02:29. | |
if you labour market reforms. Business organisations say | :02:29. | :02:36. | |
potential employers need more incentives. Europe is based on | :02:36. | :02:40. | |
growth and solidarity. At the moment we do not have a grave. How | :02:40. | :02:46. | |
can we maintain the solidarity if we do not manage growth? The main | :02:46. | :02:55. | |
priority at the moment is to optimise the money and take big | :02:55. | :02:59. | |
response for labour laws in order to make it more attractive for | :02:59. | :03:07. | |
companies to make jobs. The crisis will be borne by the loss of five | :03:07. | :03:10. | |
and those whose wages and livelihoods are most affected by | :03:10. | :03:19. | |
continuing austerity measures. Samsung says it made record profits | :03:19. | :03:24. | |
in the last three months. Up more than 70% on the previous year. That | :03:25. | :03:34. | |
:03:35. | :03:36. | ||
is due to them in sales of smart phones. It overtook Apple. We can | :03:36. | :03:41. | |
go to Singapore with the story. It is generating quite a bit of | :03:41. | :03:51. | |
:03:51. | :03:52. | ||
excitement? Indeed, Samsung is. It says its profits are going to jump | :03:52. | :04:00. | |
73%. That is from October until December. Driven by the highest | :04:00. | :04:05. | |
ever smart phone sales it has experienced. Samsung releases its | :04:05. | :04:10. | |
official results later this month. Preliminary numbers have topped | :04:10. | :04:20. | |
:04:20. | :04:27. | ||
estimates, but the company still faces some charges. -- challenges. | :04:27. | :04:37. | |
:04:37. | :04:41. | ||
It is in many legal cases with Apple. Its rivals are something of | :04:41. | :04:49. | |
a client. Apple users Samsung chips in some of its products. There have | :04:49. | :04:54. | |
been concerns about the long-term profitability of its TV division. | :04:54. | :05:03. | |
That has not been doing so well. Earlier, I spoke to someone who | :05:03. | :05:08. | |
said Samsung as strong momentum going into this year. Their | :05:08. | :05:13. | |
momentum is going to continue. They will diversify from the Android | :05:13. | :05:23. | |
:05:23. | :05:28. | ||
platform. Enjoy it has its own challenge us. -- Android. What we | :05:28. | :05:38. | |
:05:38. | :05:39. | ||
are seeing with Samsung is something of a paradigm shift. Its | :05:39. | :05:43. | |
chief executive is encouraging the company to be more innovative. That | :05:43. | :05:53. | |
:05:53. | :05:54. | ||
is in part reflected of the legal battles it is having with Apple. | :05:54. | :06:04. | |
:06:04. | :06:04. | ||
Innovation is what drives products. Thank you. Back to the issue of | :06:04. | :06:08. | |
unemployment. We turn to the US where the jobless market has been | :06:08. | :06:15. | |
slowly improving. With fewer Americans claiming unemployment | :06:15. | :06:20. | |
benefits last week, hopes are rising high that the growth will | :06:20. | :06:27. | |
continue. It will be watched on Wall Street and in the White House. | :06:27. | :06:33. | |
The pace may not be anything to write home about. America's lay the | :06:33. | :06:38. | |
picture is improving. On average 130,000 jobs were created each | :06:38. | :06:43. | |
month. The popularity of these backpacks is helping the company | :06:43. | :06:52. | |
that makes them expand. The founder says they have doubled their staff | :06:52. | :06:56. | |
over the past fears and they are not done hiring just yet. There is | :06:56. | :07:03. | |
demand around the world. Our business is growing rapidly | :07:03. | :07:13. | |
:07:13. | :07:17. | ||
overseas, in Europe, Asia and China. This is one of their recruitment. | :07:17. | :07:22. | |
had a chance meeting with the vice- president of product development. I | :07:22. | :07:31. | |
was given a chance. I worked six months before I was hired for time. | :07:31. | :07:35. | |
It is not just the makers of these toys that are hiring. Retailers and | :07:35. | :07:40. | |
manufacturers have been taking on more staff. Have we reached a | :07:40. | :07:45. | |
turning point? With modest economic growth forecast for this year, the | :07:45. | :07:48. | |
pace for a job creation is not enough to bring down the | :07:48. | :07:54. | |
unemployment rate, which remains at an unacceptably high level. This | :07:54. | :07:58. | |
slow rate of recovery will not be much comfort to the millions of | :07:58. | :08:04. | |
Americans still searching for work. Or to President Obama who faces re- | :08:04. | :08:10. | |
election this November. If it continues it will be a modest class | :08:10. | :08:19. | |
for the President. I doubt you'll be in an environment where the | :08:19. | :08:26. | |
economic outlook is an advantage for the President. The lack of any | :08:26. | :08:34. | |
bad news maybe the best news of all. The head of Switzerland's Central | :08:34. | :08:39. | |
Bank has vowed not to resign despite uproar over currency | :08:39. | :08:46. | |
trading by his family. He conceded he had made mistakes that denied | :08:46. | :08:56. | |
:08:56. | :09:00. | ||
wrongdoing and suggested political motives were at work. His wife | :09:00. | :09:10. | |
:09:10. | :09:10. | ||
bought $500,000 of American dollars, there were accusations of insider | :09:10. | :09:20. | |
:09:20. | :09:33. | ||
trading. Let's take a look at what has been happening on the markets. | :09:33. | :09:38. |