:00:02. > :00:08.speaking during her visit to Paris on Tuesday - the last stop of her
:00:08. > :00:18.2-week European tour. Now for the latest financial news with World
:00:18. > :00:27.Business Report. A new front in the tablet wars as Google prepares to
:00:27. > :00:29.unveil its own rival to the iPad. Hello from Singapore. Plus -
:00:29. > :00:39.Brussels presents long-term solutions to the Eurozone crisis
:00:39. > :00:41.
:00:41. > :00:51.but do financial markets have the patience? Apple stops Samsung from
:00:51. > :00:56.
:00:56. > :00:59.stopping its tables and the United States. Last week it was Microsoft
:00:59. > :01:02.with its Surface tablet. This evening, internet search giant
:01:02. > :01:07.Google is set to launch its own tablet computer, putting it on
:01:07. > :01:09.course to compete with Apple's iPad. The move has been widely
:01:09. > :01:19.anticipated on technology blogs, they say Google will unveil the
:01:19. > :01:24.
:01:24. > :01:31.device at its annual I/O event. There is no shortage of tablet
:01:31. > :01:36.computers you can buy. Sony has won, so does Samsung and many others. So
:01:36. > :01:39.far, none had come close to matching the success of the
:01:39. > :01:44.Coolangatta Airport iPad, the product that created the market.
:01:44. > :01:50.But now Google is expected to enter the fray and this is it according
:01:50. > :01:54.to the website. Google is not a stranger to this line of business.
:01:54. > :02:02.Most of the tablets at this electronics store run on versions
:02:02. > :02:07.of its Android operating system. It is a huge leap from supplying the
:02:07. > :02:12.software to making the whole device. Why make such a leap, Google was
:02:12. > :02:18.not happy with how it software was being used on other manufacturers
:02:18. > :02:22.tablets. They bought out devices that had Android as software and
:02:23. > :02:26.they were not pleased with how of consumers were reacting. They
:02:26. > :02:29.needed it to figure out a way to get consumers to use Google
:02:29. > :02:39.products directly and not have to go through Abdul Moneim Aboul
:02:39. > :02:44.Fotouh. -- apple. The other oak big competitor Microsoft has come to
:02:44. > :02:50.the other conclusion. Last night it released its first tablet called
:02:50. > :02:54.Surfers. Google and Microsoft are copying Apple's founder Steve
:02:54. > :02:57.Jobs's business formula. He believed the way to make the
:02:57. > :03:02.sexiest gadgets was to have controlled the whole process, from
:03:02. > :03:08.designing the software to making the hardware. The stage is set for
:03:08. > :03:15.a clash of the Titans, as the three tech Giants lock horns in every
:03:15. > :03:19.aspect of computing. Staying with those tablet and smartphone wars -
:03:19. > :03:29.in the last few hours, Apple has had a victory in its global legal
:03:29. > :03:33.
:03:33. > :03:40.battle with Samsung. Tell us what the latest is? Samsung and apple
:03:40. > :03:44.are preparing to lock horns over a decision from the court wars and
:03:45. > :03:49.the decision has gone the way of Apple after an American judge
:03:49. > :03:54.stopped Samsung from selling its Galaxy 10.1 tablet in the United
:03:54. > :04:00.States. The decision gives the iPhone manufacturer a significant
:04:00. > :04:04.victory in the global smartphone and tablet wars. They have been
:04:04. > :04:08.lobbying infringement claims against each other for months, all
:04:08. > :04:13.over the world. Samsung won a court ruling in the Dutch court with
:04:13. > :04:18.Apple been ordered to pay damages to the South Korean conglomerate.
:04:18. > :04:24.The Samsung Galaxy tablets are powered by the Android operating
:04:25. > :04:32.system which will be soon launching its own tablet. Samsung is a
:04:32. > :04:37.distant second to Apple in the more paid market. It will be a very
:04:37. > :04:42.crowded market, hopefully we will see more competition and cheaper
:04:42. > :04:44.tablets going forward. European leaders prepare for an EU Summit in
:04:44. > :04:47.Brussels tomorrow amid rising scepticism from financial markets
:04:47. > :04:53.that anything concrete will be achieved to tackle the region's
:04:53. > :04:58.debt crisis. On Tuesday, officials released a grand plan for closer
:04:58. > :05:01.economic union between the countries that share the Euro. The
:05:01. > :05:04.7-page document proposes a European Treasury with power over national
:05:04. > :05:11.budgets in the Eurozone and the ability to force governments to
:05:11. > :05:13.curb borrowing if they went over agreed limits. A European banking
:05:14. > :05:20.union bringing all Eurozone banks under one regulator and
:05:20. > :05:22.establishing a Europe-wide scheme to guarantee deposits. And there's
:05:22. > :05:28.also the suggestion that so-called eurobonds could eventually be
:05:28. > :05:31.issued. That would mean all 17 member countries would stand behind
:05:31. > :05:38.the debt issued by each individual country - an idea strongly resisted
:05:38. > :05:48.by Germany. Daniel Murray is Chief Economist at Swiss firm EFG Asset
:05:48. > :05:54.Management. Some are saying at last, we are getting there with some sort
:05:54. > :06:00.of concrete idea to solve the debt crisis, but this is not a short-
:06:00. > :06:04.term fix? We have seen the full with the ratification of the fiscal
:06:04. > :06:11.compact and difficulties in getting it through Parliament in Germany
:06:11. > :06:18.how long these things take. Even if we can get the U parties to agree
:06:18. > :06:22.to it, then it will take some time to get this approved. It will take
:06:22. > :06:28.a long time, is it the right answer to prevent something like the
:06:28. > :06:31.eurozone debt crisis from happening again. If you were starting afresh
:06:31. > :06:35.and designing a single currency with the benefit of hindsight, he
:06:35. > :06:41.would have these measures in place. But Europe does not have time to
:06:41. > :06:47.get these measures in place that is the problem. We have had the
:06:47. > :06:51.managing director of the IMF saying Europe has three months. The
:06:51. > :06:55.timetable suggested in the plan is for an interim report by October
:06:55. > :07:02.and a final report by December. Even if they managed to agree to
:07:02. > :07:06.that, that is a long time. Is this idea of greater control in Brussels
:07:06. > :07:12.on budgets and on those for not sticking to the Wall's, is a key to
:07:12. > :07:19.Germany getting on board with a eurobond idea? We have had fiscal
:07:20. > :07:25.rules in place for some time, the Maastricht treaty specified debt
:07:25. > :07:30.limits, this contract specified them as well. It is a hardening of
:07:30. > :07:35.those rules. There is no change in terms of the practical aspects.
:07:35. > :07:41.Will persuade Germany to come on board? I am sceptical. We have
:07:41. > :07:45.reports of the Opposition party in Germany saying they are keen for
:07:45. > :07:52.Angela Merkel to support the rest of the eurozone and they are anti-
:07:52. > :07:56.European bonds. EU leaders will gather in Brussels very soon. They
:07:56. > :08:00.have two days to talk about these ideas and grapple with them. Mario
:08:00. > :08:05.Monti is saying they will stay there until Sunday night to bring
:08:05. > :08:11.confidence to market on Monday morning. Will they deliver? Well
:08:11. > :08:21.talk is cheap. Actions speak louder than words. I'm sceptical that they
:08:21. > :08:22.
:08:22. > :08:27.will reach agreement. It will be another damp squib. I'm sceptical
:08:27. > :08:32.anything concrete will come out of it. The market's share your opinion
:08:32. > :08:36.at the moment. Other business stories - commodities giant
:08:36. > :08:39.Glencore's plans to take over miner Xstrata have run into trouble.
:08:39. > :08:42.Qatar Holdings - part of the Gulf state's sovereign wealth fund and
:08:42. > :08:52.one of Xstrata's major shareholders - has rejected the terms of the
:08:52. > :08:56.
:08:56. > :09:02.all-share deal and asked for improved merger terms. Some have
:09:02. > :09:05.suggested it may raise its offer to the deal. Rupert Murdoch's News
:09:05. > :09:07.Corporation has confirmed that it is considering splitting itself
:09:07. > :09:10.into two separate companies. News Corp didn't elaborate on this, but
:09:10. > :09:12.reports say it will split its broadcasting and publishing
:09:12. > :09:15.businesses. Analysts say this would protect its more profitable TV
:09:15. > :09:24.operations from its UK newspaper business, which is embroiled in a
:09:24. > :09:30.phone hacking scandal. The markets today are reflecting the feeling we
:09:30. > :09:33.got yesterday, markets in Asia very mixed it not flat. Hong Kong some
:09:33. > :09:37.upside reports on reports from an influential journal in China saying