Browse content similar to 06/07/2012. Check below for episodes and series from the same categories and more!
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air strike. Those are the latest headlines. | :00:03. | :00:13. | |
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It is time for World Business Report. | :00:15. | :00:23. | |
Will come. -- welcome to the programme. The headlines: Samsung | :00:23. | :00:27. | |
says its smartphones offline off the shelf but could be rezoned | :00:27. | :00:30. | |
crisis her to the rest of its business? | :00:30. | :00:34. | |
Is US economic recovery stalling? Jobs numbers out I did today are | :00:34. | :00:44. | |
:00:44. | :00:49. | ||
expected to show that firms are not hiring fast enough to boost growth. | :00:49. | :00:58. | |
A surprise rate cut by China also. For a stake, Samsung says it | :00:58. | :01:04. | |
expects its profits to surge. Sales of its smart phones begin to grip - | :01:05. | :01:09. | |
- continued to grow. It is forecast a profit of $6 billion for that | :01:09. | :01:16. | |
period. The feature could look tricky for the electronic giant. It | :01:16. | :01:20. | |
says that Europe's debt crisis is denting demand in its biggest | :01:20. | :01:27. | |
market - television and home appliances. We're drawing from | :01:27. | :01:37. | |
Singapore. Will come. But Dorkbot smartphones First Fleet. -- of | :01:37. | :01:46. | |
First Fleet. What is Samsung doing right in the smartphone business? | :01:46. | :01:50. | |
It is leading the Android charge against Apple by producing devices | :01:50. | :01:55. | |
that are very attractive to consumers and getting the timing | :01:55. | :02:04. | |
right. The latest one was time to between two Apple watchers. There | :02:04. | :02:09. | |
are getting the marketing mix right. They also have a variety of | :02:09. | :02:13. | |
different parts -- price 0.4 more people there but -- devices that | :02:13. | :02:17. | |
offer this operating system. Apple is fixed with a smaller number of | :02:17. | :02:25. | |
devices. The bigger picture is Android verses Apple. But Samsung | :02:25. | :02:30. | |
is leading the charge in this area. They do understand how to make the | :02:30. | :02:37. | |
most of this situation. Samsung also announced contingency plans | :02:37. | :02:47. | |
:02:47. | :02:50. | ||
earlier. They are very worried about the biggest market - Europe. | :02:50. | :02:57. | |
That is an issue for most companies. The economic outlook is not great | :02:57. | :03:03. | |
for many companies that depend on consumer demand. From a smartphone | :03:03. | :03:08. | |
perspective, Samsung is struggling to keep up with the demand. They | :03:08. | :03:18. | |
had issues with getting components. But it has not impacted them in the | :03:18. | :03:24. | |
smartphone market. But some of their other aspects have not been | :03:24. | :03:28. | |
doing too well. Most of the profits have been coming from smartphones | :03:28. | :03:32. | |
but there are clouds on the horizon for other parts of its business. | :03:32. | :03:41. | |
Thank you. China surprised the market | :03:41. | :03:47. | |
yesterday, cutting interest rates for the second time in a month. | :03:47. | :03:57. | |
There are fears that second quarter GDP economic growth will be weaker | :03:57. | :04:04. | |
than expected. We're joined from Beijing. I was on air when that | :04:04. | :04:10. | |
news from Beijing broke. It came as a surprise. Everybody seems to be | :04:10. | :04:14. | |
interpreting Beijing's actions as saying, China is worse than we | :04:14. | :04:23. | |
thought. It is really the second rate cut in the past few weeks. | :04:23. | :04:27. | |
Most people are interpreting that this has something to do with the | :04:27. | :04:32. | |
numbers we will see next week. Firstly, it suggests that the CPI | :04:32. | :04:38. | |
number which will come out on Monday will come out below 3%. Most | :04:38. | :04:42. | |
people will interpret that as good news. It is important to remember | :04:42. | :04:47. | |
that consumer inflation is the tip of the iceberg of inflation in | :04:47. | :04:52. | |
China. Much of the money pumped into the economy has been pouring | :04:52. | :05:00. | |
into investment. Secondly, they took a look at the GDP and other | :05:00. | :05:04. | |
group members due out on Friday and did not like what they saw. There | :05:04. | :05:07. | |
was a lot of hope that the second quarter would be better than the | :05:07. | :05:16. | |
first. It does not look like that will pan out. How worried should we | :05:16. | :05:24. | |
be, no matter where we live? Surely we will all feel the pain of a | :05:24. | :05:29. | |
slowdown in China? It depends on where you sit relative to the | :05:29. | :05:34. | |
Chinese economy. Iraq countries and companies that have been feeding | :05:34. | :05:40. | |
China's investment boom. -- there are countries. If that investment | :05:40. | :05:47. | |
boom comes to an end, they will be hard hit. But if you're looking to | :05:47. | :05:53. | |
sell consumer goods, the adjustment that this represents may be a good | :05:53. | :06:03. | |
:06:03. | :06:03. | ||
thing. Thank you. From manufacturing to consumer | :06:03. | :06:08. | |
spending, economic numbers from the West in recent weeks have been grim. | :06:08. | :06:13. | |
The numbers are out on the jobs market. It is expected to show that | :06:13. | :06:17. | |
US employers have increased their hiring in June, but not by enough | :06:17. | :06:25. | |
to dispel concerns that the American economy is losing steam. | :06:25. | :06:28. | |
Hunting for work as a frustrating business. Many of the unemployed | :06:28. | :06:33. | |
coming to this government backed JobCentre in Manhattan are highly | :06:33. | :06:40. | |
qualified. Rachel has a master's degree and experience. After six | :06:40. | :06:43. | |
fruitless months looking for research work in public health, she | :06:43. | :06:47. | |
is at the end of her tether. What more can I do? I have offered to | :06:47. | :06:55. | |
work for free. Especially in the global market. I have said, I'll go | :06:55. | :06:59. | |
review would be to go and you do not have to pay me. It still comes | :06:59. | :07:03. | |
down to, you don't have the experience. It is a similar story | :07:03. | :07:07. | |
by William Johnson - a qualified librarian. He says he has applied | :07:07. | :07:12. | |
for hundreds of jobs in the two years he has been unemployed. | :07:12. | :07:21. | |
There's no work. I don't know. That is why I'm here today. I would like | :07:21. | :07:26. | |
to be an -- a librarian but at this point I think I will have to do | :07:26. | :07:30. | |
whatever will keep the money coming in. High unemployment has been a | :07:30. | :07:35. | |
drag on the US economy. Some see a bit of light at the end of the | :07:35. | :07:41. | |
tunnel. The unemployment figures have been improving recently. There | :07:41. | :07:46. | |
are some good signs. We have to guess a bit too. We feel a little | :07:46. | :07:51. | |
rosier than we have previously. is likely that the jet -- American | :07:51. | :07:55. | |
economy generated around 90,000 new jobs last month. That is better | :07:55. | :08:00. | |
than the previous couple of months. But still only half the rate of job | :08:00. | :08:05. | |
creation we saw at the start of the year. Hitting America back to work | :08:05. | :08:15. | |
:08:15. | :08:18. | ||
is proving to be a long, hard slog. Let's get more on this. I guess | :08:18. | :08:25. | |
this is the big problem for the US economy. The lack of jobs. It | :08:25. | :08:29. | |
started off great but it has been a downhill run ever since. | :08:29. | :08:33. | |
unemployment rate in the US has been above 8% since February of | :08:33. | :08:39. | |
2009. That might not seem that long but it is the longest stretch since | :08:39. | :08:43. | |
records began in 1948. The Americans are not used to this | :08:43. | :08:51. | |
level of unemployment. Under 10% does not seem that bad but it is | :08:51. | :08:55. | |
the duration -- duration at which it has been at those levels. The | :08:55. | :09:00. | |
government seemed to be running out of ideas. We have heard President | :09:01. | :09:05. | |
Obama announce back-to-work programmes. But whether it is he a | :09:05. | :09:09. | |
Mitt Romney in the chair after November, can they do anything? | :09:09. | :09:13. | |
problem is the difference between short and long-term. The difference | :09:13. | :09:17. | |
between what quality and high quality jobs. The high-quality jobs | :09:17. | :09:22. | |
take a longer time to just state because they require infrastructure | :09:22. | :09:31. | |
and Investments. In the short-term, you end up having to have policy | :09:31. | :09:34. |