:00:04. > :00:14.Prophet Muhammad. It is now time for the latest
:00:14. > :00:22.
:00:22. > :00:27.These are the headlines: Return flight - a Japan Airlines is
:00:27. > :00:32.relisted on the Tokyo stock market, raising nearly $8.5 million to
:00:32. > :00:42.repay its government bailout. High Street-- the Zahra Baker is
:00:42. > :00:50.
:00:50. > :00:55.It comes to make years after the company was forced to seek
:00:56. > :01:05.bankruptcy protection. Japan Airlines return to its Tokyo stock
:01:06. > :01:10.
:01:10. > :01:19.market. Reports. Paul Sheridan is Head of Asia Consultancy at the
:01:19. > :01:28.firm, Ascend. He joins us from our This looks like a successful
:01:28. > :01:33.turnaround? Absolutely. He is really a model story for airlines.
:01:33. > :01:39.For it is radical. It is playing hard. May shed a third of their
:01:40. > :01:45.staff and retired a whole lot of their planes. This is a big job
:01:45. > :01:54.isn't it? It has been enormous. They had to change their company
:01:54. > :01:58.culture. People lost their jobs. People lost money on investments
:01:58. > :02:05.and aircraft. It has been a difficult process. It has been
:02:05. > :02:10.impressive. Will it have a dilemma in the long haul, pardon the pun,
:02:10. > :02:20.given how competitive the market is. There are more airlines competing
:02:20. > :02:20.
:02:20. > :02:27.now. They are well placed. Their mission is to keep up the good work.
:02:27. > :02:36.They have got back up in line with service quality. They are with the
:02:36. > :02:40.best top airlines around the world. They are paying attention to their
:02:40. > :02:47.at low-cost carriers so it will not lose traffic. They are ready to
:02:47. > :02:53.face challenges. The parent company that had a 97% stake has sold all
:02:53. > :02:56.of that today. They got more money back today than they paid in the
:02:56. > :03:06.first place. Do you think some governments and airlines might
:03:06. > :03:10.think this will work? It has been done many times. In the US, after
:03:10. > :03:15.9/11, bailouts were used to help airlines during difficult times.
:03:15. > :03:24.You can understand why there will be concerned. But Japan is well
:03:24. > :03:29.served for having two big airlines. Thank you.
:03:29. > :03:34.Another airline has had a troubled times. American Airlines is sending
:03:34. > :03:42.redundancy warning letters to 11,000 staff. Mechanics jobs are at
:03:42. > :03:48.risk. American filed for a Group C protection in November. As many as
:03:48. > :03:53.14,000 jobs might go. A company spokesman said the figure might be
:03:53. > :03:57.lower after negotiating with pylons and other staff.
:03:57. > :04:02.Striking miners at Marikana platinum mine accepted a hefty pay
:04:02. > :04:10.rise or fall on Tuesday, and the six weeks of violent labour unrest.
:04:10. > :04:15.It included a bonus and an average rise of wages between 11-22%. The
:04:16. > :04:19.striking miners will return to work on Wednesday. There could be pay
:04:19. > :04:25.demands across the mining sector in South Africa.
:04:25. > :04:29.Success stories are thin on the ground in Spain. A retail clothing
:04:29. > :04:36.giant it appears to be immune to ease the debt crisis that has hit
:04:36. > :04:42.many other firms. A company was named -- and man was named the
:04:42. > :04:52.third richest man in the world. A retailer will reveal a rise in
:04:52. > :04:52.
:04:52. > :04:58.profits today. Despite relying on recession forced
:04:58. > :05:03.sales, it is pushing ahead. 22% of global sales come from Spain. A
:05:03. > :05:09.country with its economy on its knees and one in four people out of
:05:09. > :05:14.work. The retailer is expanding its presence in China, the US and Latin
:05:14. > :05:20.America. New stores and more online shopping sites are saying. It has
:05:20. > :05:25.managed to remain and skis by the eurozone crisis. Everyone is amazed
:05:26. > :05:32.to see the results. -- unscathed. When you look at the business model,
:05:32. > :05:40.you can see how well it's production is. It is not a surprise.
:05:40. > :05:47.They are re They are re consumer demand. It owns seven other brands.
:05:47. > :05:53.The group has stores in 82 countries worldwide. Tsar accounts
:05:53. > :05:59.for 70% of the company's income. It is known for its swift response to
:05:59. > :06:08.emerging trends. New items hit the stops twice a week. Most fashion
:06:08. > :06:13.brands take months to get their remarks on the shelves. Rivals saw
:06:13. > :06:19.75% of their garments from Asia. In the tax still makes half of its
:06:19. > :06:24.close in its backyard. -- the company still makes. The ethos
:06:24. > :06:34.behind this was not able to move quickly with fashion trend but it
:06:34. > :06:35.
:06:35. > :06:40.also kept a tight range on their It launches about 12,000 new
:06:40. > :06:50.designs every year. It is aiming it cloves 2 young people who are
:06:50. > :07:00.
:07:00. > :07:06.likely to have a job and cash to Nissan is hoping to resume work.
:07:06. > :07:14.Tell us more about Nissan. We have been covering his problem in China.
:07:14. > :07:20.Many companies had to close down. Yes. The Japanese auto manufacturer
:07:20. > :07:26.is restarting its production at four factories in China today,
:07:26. > :07:31.after a two-day stoppage. Work was suspended at its facilities in
:07:31. > :07:35.various places. There were anti- Japanese protesters which turned
:07:35. > :07:45.violent over every weekend. Japanese convenient stores are also
:07:45. > :07:54.
:07:54. > :08:00.opening. 47 Eleven convenience Every start of timetables is still
:08:00. > :08:10.not known. Hitachi, Panasonic and other companies are also suspending
:08:10. > :08:11.
:08:11. > :08:21.their operations. 40 clothing stores were closed down but will
:08:21. > :08:31.
:08:31. > :08:36.reopen. Japanese firms are Let us look at the markets in Asia.
:08:37. > :08:41.If we can show you the numbers in Asia, the Bank of Japan has
:08:41. > :08:51.finished its two-day monetary meetings. It has announced a huge
:08:51. > :08:53.
:08:53. > :08:59.monetary easing programme. 128 billions of dollars were. -- worth.
:08:59. > :09:04.That is a surprise move by Japan. A lot of poor economic data has been
:09:04. > :09:09.coming out of Japan. The big of Japan has become for pre-emptive in
:09:09. > :09:19.boosting growth. It has been struggling with the slowdown in
:09:19. > :09:20.
:09:20. > :09:25.Europe. China is an important trading partner. It has been
:09:25. > :09:29.strengthening the Japanese yen. We will see how we then start to trade
:09:29. > :09:39.in the next hour. That is how things went at the close of trade
:09:39. > :09:41.
:09:41. > :09:46.in the US. The most widely traded stock in Japan is Japan Airlines.