19/07/2012 World Business Report


19/07/2012

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Africa Cooperation in Beijing. Now for the latest financial news with

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The headlines: Fighting for survival: mobile phone company

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Nokia is set to announce more losses. Software giant Microsoft is

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expected to report its first-ever loss after a failed takeover of an

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online advertising firm. Production has been stopped in the largest

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It was the most dominant mobile phone maker in the world, but today

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more evidence will show just how much cash Nokia is bleeding. More

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losses are expected from the Finnish mobile phone maker when it

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reports second-quarter earnings in a few hours time. Slow to get into

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the smart-phone market - its Lumia phone has done little to turn the

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tide at the struggling company. Many now say Nokia is a prime

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takeover target. In a bid to become a major player in the global market,

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not yet teamed up with Microsoft t use its software. So far, the

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pairing has not worked. Despite lavish launches, the phones are

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less than 2% of the market. The firm lost 370 million euros in the

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first quarter. So hard at it finds to sell these bones, it has dropped

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the price of its and said to be $50 each piece. That does not make

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things easy. It has developed this with Microsoft and it has announced

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it will bring out a new operating system and Nokia has announced they

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need an entirely new handset to use the software. Sales of all existing

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handsets will be affected for the next four months. The Microsoft

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plan is to run Windows aged on all the new handsets from desktops two

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games to smartphones. By owls, storage, everything will work as

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won the ecosystem and that's great for Microsoft but unfortunately for

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Nokia, aiming to wait for this to happen to capitalise. Every time

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they think they get near that point, Microsoft changes and moves further

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away. They need commentators wonder whether Nokia will eventually

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lessen its dependency on Microsoft to strike up deals with other

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software providers. He may still see them in the future with an and

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drawing application and devices for other things like fire fox and

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another browser making its weigh into the mobile phones and has no

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reason why Nokia cannot support that. We will deliver a great

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product. Publicly they are happy with the alliance with Microsoft

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but relationships will be tested when it comes to launching the

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latest smartphones. Nokia cannot afford another loss. Coincidentally,

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Nokia's partner Microsoft also reports earnings today, along with

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its big rival Google. After a failed acquisition, Microsoft may

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be left with a loss - a first in its 26-year history as a public

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company. But it has many new product launches in the pipeline,

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including Windows 8, which the software giant has announced will

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go on sale on October 26. We report from New York. This was ahead and

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of the curve in the '70s with its designer jeans now they're at the

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forefront of another trend, technology. The computer comes

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loaded with operating systems and software products from Microsoft.

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It's a cash cow. Who tries to muscle in him. At this fashion

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house, they made the switch to Google e-mail and word processing.

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The staff is more acquit to work with Google applications because

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they use this at home. It's a good price very straightforward and

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simple. To hang on to the PC audience, while venturing further

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into mobile computing, Microsoft bets on its new system Windows

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eight designed for both tablets and computers. Investors hope it will

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be a hit after reaching a high of $60 and the share price for

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Microsoft is stagnant around $30. The recent announcement to write

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off more than $6 billion on the failed internet advertising

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acquisition did not inspire confidence. Technology analysts

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remain a believer. Microsoft has a history of investing into the

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marketplace and sticking with it. They will not innovate but they

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will play catch-up. They will get a share of the market. There are a

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number to in the two market race. It's not too bad. With its next

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generation Office software, Microsoft chief executive is

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looking forward to the future. In other news - the Financial Times is

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reporting that Credit Agricole, Deutsche Bank, HSBC and Societe

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Generale are all being investigated in connection with the rate-setting

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scandal that hit Barclays. Barclays has already been fined $450 million

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for manipulating the LIBOR rate and its chief executive - Bob Diamond -

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was forced to stand down. Profits at the online retailer eBay have

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doubled thanks to its PayPal internet payment business. Net

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income increased to $692 million for the three months to the end of

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June. In Spain, the biggest anti- austerity protests yet are planned

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for later today. The two main unions have organised 80

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demonstrations by public sector workers across the country starting

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this evening. The protesters argue the planned tax hikes and pay cuts

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are unjust and will do little to help the Spanish economy.

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Production has been stopped at India's largest car manufacturer,

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Maruti Suzuki, after protesting workers set fire to the plant and

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attacked managers. We report from Singapore. We have the details.

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This is quite a dramatic story. Explain what's going on in India

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at? According to the employees' union, objectionable remarks by the

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supervisor against an employee treated this violence. About 40

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people have been injured and one killed. Any sustained shutdown of

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this plant in India, in the north, it may be devastating for Suzuki

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which lost over $500 million production last year due to unrest

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which slashed its sales and market share. The plant accounts for one-

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third of the car manufacturing capacity of 550,000. Managers and

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executives were sent to hospital with injuries following the protest

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by the Workers' Union at the factory over the disciplinary issue

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with an employee. According to reports, Suzuki is keeping its

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facility shutdown. The shares have been hit as well. What about the

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deal today? The fastest growing beer and soft drink market is

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facing a major shake-up after the biggest brewer in Thailand

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purchased two companies. They agreed to buy the company for ent

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Singapore which makes Tiger beer. Its control by at high billionaire

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and he also owns companies ranging from insurance to property

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development. They say this investment by the group will expose

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the firm to be Gas south-east and Asian markets and consumer spending.

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They expect more consolidation in These are the markets in Asia, a

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strong session up across the board. The best session in Asia for a

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month. A lot is to do with positive sentiment about the Central Bank

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poised to help the US and China. Those central banks will help the

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