Browse content similar to 23/01/2012. Check below for episodes and series from the same categories and more!
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Greece's creditor her place eight offer on the table. Here is World | :00:04. | :00:14. | |
:00:14. | :00:18. | ||
Business Report. A warm welcome. The headlines: | :00:18. | :00:22. | |
Talks continue, but Greece's lenders raised the stakes over a | :00:23. | :00:26. | |
default as they look to limit their losses. | :00:26. | :00:31. | |
Fears grow over a rise in energy prices as the EU meets to discuss a | :00:31. | :00:39. | |
ban on oil imports from Iran. The founder of Megaupload says he | :00:39. | :00:49. | |
:00:49. | :00:54. | ||
is innocent on charges of piracy Private creditors have made it | :00:54. | :00:59. | |
their maximum offered to reach a deal with Greece over restructuring | :00:59. | :01:09. | |
:01:09. | :01:10. | ||
its debt. Greece needs to persuade banks, insurers and hedge funds to | :01:10. | :01:15. | |
take deep cuts in what they rot if it fails to reach a deal it will to | :01:15. | :01:20. | |
falter and will not receive a second Europe rescue plan. The | :01:20. | :01:26. | |
creditors will continue to negotiate this week. Negotiations | :01:26. | :01:32. | |
in Athens have been fraught ahead of today, because today is the | :01:32. | :01:36. | |
meeting of eurozone finance ministers. They will try to meet on | :01:36. | :01:42. | |
a new mix of measures to put a lid on the financial contagion. Our | :01:42. | :01:52. | |
:01:52. | :01:54. | ||
correspondent has more. It may be a new year but the | :01:54. | :01:58. | |
Treasury ministers faced the same old problems. They need to amass | :01:58. | :02:07. | |
more premature firepower to defend Italy and Spain and get ahead. The | :02:07. | :02:11. | |
finance ministers joined the in a Eurogroup in Brussels tonight to | :02:11. | :02:18. | |
debate the trickiest issues. Boosting their bail-out funds, | :02:18. | :02:21. | |
discussing the fiscal discipline part, and France wants to push | :02:21. | :02:27. | |
ahead with a financial transaction tax. Ministers will discuss the | :02:27. | :02:36. | |
into -- Monetary Fund -- Christine Lagarde's plan to raise extra money. | :02:36. | :02:40. | |
It could supplement the EU their attempts to firewall over other | :02:40. | :02:47. | |
countries. It will send a clear sign to the markets, it will | :02:47. | :02:51. | |
enhance the capacity of the IMF to fulfil its systemic | :02:51. | :02:57. | |
responsibilities. What can be Brussels ministers to deliver this | :02:58. | :03:02. | |
time? They will come to an agreement on the fiscal pact. If it | :03:02. | :03:09. | |
were to form part of a broader series of reforms, it could have a | :03:09. | :03:15. | |
positive impact. Much more may be on the agenda, like the push for | :03:15. | :03:19. | |
greater tax co-ordination. None of this will impress the market as | :03:19. | :03:26. | |
much as a credible safety net for euro members. | :03:26. | :03:30. | |
Foreign ministers in the European Union are meeting to finalise plans | :03:30. | :03:36. | |
to ban imports of oil from Iran. It is part of Western efforts to | :03:36. | :03:40. | |
ratchet up pressure on the government over its nuclear | :03:40. | :03:47. | |
programme. Our correspondent has more. | :03:47. | :03:51. | |
As a Iran continues to develop its nuclear programme, a project | :03:51. | :03:55. | |
western governments believe has military aims, the price of oil has | :03:55. | :04:04. | |
risen. Iran's recent threat to close the Straits of Hormuz worries | :04:04. | :04:08. | |
investors because a fifth of the world's oil is transported along | :04:08. | :04:14. | |
those just -- shipping lanes. There is a fear that they could be | :04:14. | :04:17. | |
military conflict. They could be hundreds of thousands of people | :04:18. | :04:26. | |
killed. It will also disrupt the major source of oil for the world. | :04:26. | :04:31. | |
It is feared that has made the price go up. Ministers are likely | :04:31. | :04:39. | |
to wait a few months before placing an embargo on the oil. They must be | :04:39. | :04:44. | |
time to find alternative suppliers. The output has declined in recent | :04:44. | :04:49. | |
years but Iran's oil industry still produces about 3 million barrels of | :04:49. | :04:57. | |
crude oil per day. Half of it is sold to Asian customers. India has | :04:57. | :05:02. | |
it encountered problems because the US bairns banks from dealing with | :05:02. | :05:06. | |
the country. He international sanctions are damaging Iran's | :05:06. | :05:16. | |
:05:16. | :05:22. | ||
economy. Unemployment and inflation arising. The currency is down. | :05:22. | :05:27. | |
Factories are closing. It is a serious issue. But whether that | :05:27. | :05:32. | |
pressure is sufficient for Iran to do a U-turn on the nuclear | :05:32. | :05:38. | |
programme is altogether another question. It seems unlikely that | :05:38. | :05:42. | |
European drivers like these will be getting their fuel refined from | :05:42. | :05:46. | |
Iranian oil. Western governments continue to step up economic | :05:46. | :05:50. | |
pressure on Iran, but they remain defiant over the nuclear a | :05:50. | :05:55. | |
ambitions. As the economies of Europe and the US continue to | :05:55. | :05:58. | |
struggle, businesses and consumers should be braced for higher oil | :05:58. | :06:08. | |
:06:08. | :06:09. | ||
prices. The top management at the maker of | :06:09. | :06:13. | |
black Derek smartphones have stepped down. Research In Motion | :06:13. | :06:18. | |
says the eco executives will make way -- make way for Thorsten Heins. | :06:18. | :06:22. | |
The move was initiated by shareholders who wanted the | :06:22. | :06:31. | |
Framemaker to keep up with rivals. The founder of Research In Motion | :06:31. | :06:38. | |
will become a vice chairman. The United Arab Emirates central | :06:38. | :06:44. | |
bank says it has fended off hackers. The Web server had been flooded | :06:44. | :06:50. | |
with information to try and make it crash. The hackers call themselves | :06:50. | :06:54. | |
-- their name is thought to be a reference to the Israel Defence | :06:54. | :07:01. | |
Force. A huge emerging market opening up | :07:01. | :07:06. | |
to foreign investors, but not enough to entice Ikea. The flat | :07:06. | :07:12. | |
pack furniture firm is holding off investing in India. The newspaper | :07:12. | :07:18. | |
says Ikea is weak -- concerned by India's requirement that 30% of the | :07:18. | :07:22. | |
goods come from small sized companies. | :07:22. | :07:28. | |
The founder of Megaupload has told a New Zealand court he is innocent | :07:28. | :07:33. | |
on charges of piracy and money laundering. He was arrested after | :07:33. | :07:41. | |
police raided his estate in New Zealand at the request of the FBI. | :07:41. | :07:51. | |
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This is quite a tale. What is the latest? | :07:54. | :08:00. | |
He has sought bail from a New Zealand court, but prosecutors say | :08:00. | :08:06. | |
that he is a flight risk because of several reasons. He carries more | :08:06. | :08:14. | |
trouble passports. One is German and one is finished. He has | :08:14. | :08:21. | |
previous criminal convictions for hiking and insider trading. He is a | :08:21. | :08:28. | |
resident of Hong Kong and New Zealand. And Auckland court judge | :08:28. | :08:33. | |
delayed a decision on his bail. American a authorities want to | :08:33. | :08:41. | |
extradite him. Megaupload is accused of costing copyright | :08:41. | :08:45. | |
holders $500 million in lost revenues. The site has been shut | :08:45. | :08:52. | |
down by US authorities. It had 150 million users and 50 million hits | :08:52. | :08:58. | |
per day. The lawyer said the company simpmpany simp online | :08:58. | :09:05. | |
storage. The movie and music industries what Congress of the US | :09:05. | :09:09. | |
to crack down on internet piracy and content that but internet | :09:09. | :09:14. | |
companies like Google and Facebook have complained that current grass | :09:14. | :09:24. | |
:09:24. | :09:25. | ||
of the legislation would lead to censorship. Sop Mac and Pipa | :09:25. | :09:32. | |
quickly gathered at Opera -- opposition. The -- Sopa. Hackers | :09:32. | :09:42. | |
:09:42. | :09:44. | ||
attacked many websites in protest. The drama continues for CEO. | :09:44. | :09:49. |