Browse content similar to 19/07/2012. Check below for episodes and series from the same categories and more!
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Africa Cooperation in Beijing. Now for the latest financial news with | :00:01. | :00:11. | |
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The headlines: Fighting for survival: mobile phone company | :00:17. | :00:22. | |
Nokia is set to announce more losses. Software giant Microsoft is | :00:22. | :00:25. | |
expected to report its first-ever loss after a failed takeover of an | :00:25. | :00:35. | |
:00:35. | :00:41. | ||
online advertising firm. Production has been stopped in the largest | :00:41. | :00:51. | |
:00:51. | :00:53. | ||
It was the most dominant mobile phone maker in the world, but today | :00:53. | :00:58. | |
more evidence will show just how much cash Nokia is bleeding. More | :00:58. | :01:00. | |
losses are expected from the Finnish mobile phone maker when it | :01:00. | :01:04. | |
reports second-quarter earnings in a few hours time. Slow to get into | :01:04. | :01:08. | |
the smart-phone market - its Lumia phone has done little to turn the | :01:08. | :01:12. | |
tide at the struggling company. Many now say Nokia is a prime | :01:12. | :01:22. | |
:01:22. | :01:22. | ||
takeover target. In a bid to become a major player in the global market, | :01:22. | :01:30. | |
not yet teamed up with Microsoft t use its software. So far, the | :01:30. | :01:34. | |
pairing has not worked. Despite lavish launches, the phones are | :01:34. | :01:41. | |
less than 2% of the market. The firm lost 370 million euros in the | :01:41. | :01:48. | |
first quarter. So hard at it finds to sell these bones, it has dropped | :01:48. | :01:55. | |
the price of its and said to be $50 each piece. That does not make | :01:55. | :02:00. | |
things easy. It has developed this with Microsoft and it has announced | :02:00. | :02:07. | |
it will bring out a new operating system and Nokia has announced they | :02:07. | :02:15. | |
need an entirely new handset to use the software. Sales of all existing | :02:15. | :02:18. | |
handsets will be affected for the next four months. The Microsoft | :02:18. | :02:24. | |
plan is to run Windows aged on all the new handsets from desktops two | :02:24. | :02:31. | |
games to smartphones. By owls, storage, everything will work as | :02:31. | :02:36. | |
won the ecosystem and that's great for Microsoft but unfortunately for | :02:36. | :02:40. | |
Nokia, aiming to wait for this to happen to capitalise. Every time | :02:40. | :02:46. | |
they think they get near that point, Microsoft changes and moves further | :02:46. | :02:51. | |
away. They need commentators wonder whether Nokia will eventually | :02:51. | :02:55. | |
lessen its dependency on Microsoft to strike up deals with other | :02:55. | :03:01. | |
software providers. He may still see them in the future with an and | :03:01. | :03:07. | |
drawing application and devices for other things like fire fox and | :03:07. | :03:12. | |
another browser making its weigh into the mobile phones and has no | :03:12. | :03:17. | |
reason why Nokia cannot support that. We will deliver a great | :03:17. | :03:22. | |
product. Publicly they are happy with the alliance with Microsoft | :03:22. | :03:27. | |
but relationships will be tested when it comes to launching the | :03:27. | :03:31. | |
latest smartphones. Nokia cannot afford another loss. Coincidentally, | :03:31. | :03:33. | |
Nokia's partner Microsoft also reports earnings today, along with | :03:33. | :03:37. | |
its big rival Google. After a failed acquisition, Microsoft may | :03:37. | :03:41. | |
be left with a loss - a first in its 26-year history as a public | :03:41. | :03:45. | |
company. But it has many new product launches in the pipeline, | :03:45. | :03:48. | |
including Windows 8, which the software giant has announced will | :03:48. | :03:58. | |
:03:58. | :04:00. | ||
go on sale on October 26. We report from New York. This was ahead and | :04:00. | :04:04. | |
of the curve in the '70s with its designer jeans now they're at the | :04:04. | :04:10. | |
forefront of another trend, technology. The computer comes | :04:10. | :04:14. | |
loaded with operating systems and software products from Microsoft. | :04:14. | :04:20. | |
It's a cash cow. Who tries to muscle in him. At this fashion | :04:20. | :04:28. | |
house, they made the switch to Google e-mail and word processing. | :04:28. | :04:34. | |
The staff is more acquit to work with Google applications because | :04:34. | :04:41. | |
they use this at home. It's a good price very straightforward and | :04:41. | :04:47. | |
simple. To hang on to the PC audience, while venturing further | :04:47. | :04:53. | |
into mobile computing, Microsoft bets on its new system Windows | :04:53. | :04:58. | |
eight designed for both tablets and computers. Investors hope it will | :04:58. | :05:03. | |
be a hit after reaching a high of $60 and the share price for | :05:03. | :05:11. | |
Microsoft is stagnant around $30. The recent announcement to write | :05:11. | :05:15. | |
off more than $6 billion on the failed internet advertising | :05:15. | :05:19. | |
acquisition did not inspire confidence. Technology analysts | :05:20. | :05:26. | |
remain a believer. Microsoft has a history of investing into the | :05:26. | :05:29. | |
marketplace and sticking with it. They will not innovate but they | :05:29. | :05:35. | |
will play catch-up. They will get a share of the market. There are a | :05:35. | :05:44. | |
number to in the two market race. It's not too bad. With its next | :05:44. | :05:49. | |
generation Office software, Microsoft chief executive is | :05:49. | :05:54. | |
looking forward to the future. In other news - the Financial Times is | :05:54. | :05:56. | |
reporting that Credit Agricole, Deutsche Bank, HSBC and Societe | :05:56. | :05:59. | |
Generale are all being investigated in connection with the rate-setting | :05:59. | :06:05. | |
scandal that hit Barclays. Barclays has already been fined $450 million | :06:05. | :06:08. | |
for manipulating the LIBOR rate and its chief executive - Bob Diamond - | :06:08. | :06:15. | |
was forced to stand down. Profits at the online retailer eBay have | :06:15. | :06:19. | |
doubled thanks to its PayPal internet payment business. Net | :06:19. | :06:22. | |
income increased to $692 million for the three months to the end of | :06:22. | :06:27. | |
June. In Spain, the biggest anti- austerity protests yet are planned | :06:27. | :06:30. | |
for later today. The two main unions have organised 80 | :06:30. | :06:32. | |
demonstrations by public sector workers across the country starting | :06:33. | :06:37. | |
this evening. The protesters argue the planned tax hikes and pay cuts | :06:37. | :06:46. | |
are unjust and will do little to help the Spanish economy. | :06:46. | :06:48. | |
Production has been stopped at India's largest car manufacturer, | :06:48. | :06:51. | |
Maruti Suzuki, after protesting workers set fire to the plant and | :06:51. | :07:01. | |
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attacked managers. We report from Singapore. We have the details. | :07:05. | :07:10. | |
This is quite a dramatic story. Explain what's going on in India | :07:10. | :07:20. | |
:07:20. | :07:20. | ||
at? According to the employees' union, objectionable remarks by the | :07:20. | :07:24. | |
supervisor against an employee treated this violence. About 40 | :07:25. | :07:30. | |
people have been injured and one killed. Any sustained shutdown of | :07:31. | :07:38. | |
this plant in India, in the north, it may be devastating for Suzuki | :07:38. | :07:44. | |
which lost over $500 million production last year due to unrest | :07:44. | :07:50. | |
which slashed its sales and market share. The plant accounts for one- | :07:51. | :07:57. | |
third of the car manufacturing capacity of 550,000. Managers and | :07:57. | :08:01. | |
executives were sent to hospital with injuries following the protest | :08:01. | :08:06. | |
by the Workers' Union at the factory over the disciplinary issue | :08:06. | :08:12. | |
with an employee. According to reports, Suzuki is keeping its | :08:12. | :08:21. | |
facility shutdown. The shares have been hit as well. What about the | :08:21. | :08:30. | |
deal today? The fastest growing beer and soft drink market is | :08:30. | :08:37. | |
facing a major shake-up after the biggest brewer in Thailand | :08:37. | :08:43. | |
purchased two companies. They agreed to buy the company for ent | :08:43. | :08:51. | |
Singapore which makes Tiger beer. Its control by at high billionaire | :08:51. | :08:56. | |
and he also owns companies ranging from insurance to property | :08:56. | :09:00. | |
development. They say this investment by the group will expose | :09:01. | :09:08. | |
the firm to be Gas south-east and Asian markets and consumer spending. | :09:08. | :09:18. | |
:09:18. | :09:18. | ||
They expect more consolidation in These are the markets in Asia, a | :09:18. | :09:24. | |
strong session up across the board. The best session in Asia for a | :09:24. | :09:29. | |
month. A lot is to do with positive sentiment about the Central Bank | :09:29. | :09:34. | |
poised to help the US and China. Those central banks will help the | :09:34. | :09:44. |