:00:05. > :00:15.Wales. Those are the headlines. Time for
:00:15. > :00:23.
:00:23. > :00:28.Welcome. The headlines: Britain's biggest supermarket set to post its
:00:28. > :00:31.first fall in group profits in nearly 20 years. Calls for a
:00:31. > :00:36.protest among traders at Tehran's main market in response to the
:00:36. > :00:46.collapse in value of the around in currency.
:00:46. > :00:48.
:00:48. > :00:57.-- Iranian. US September car sales record at their best month in four
:00:57. > :01:07.years. Britain's largest retail or is
:01:07. > :01:12.expected to announce a 10% fall in its group trading profit. It could
:01:12. > :01:19.be the first decline in 18 years. Tesco is fighting back after the
:01:19. > :01:24.warning. It has recently been are priced by Sainsbury's. -- alt
:01:24. > :01:31.priced. New fit for customers, more staff
:01:31. > :01:35.to give service on the shop floor. -- new food. Tesco has been
:01:35. > :01:44.battling for months to stop customers drifting to rivals. The
:01:44. > :01:48.hope is that it may have a decline at home. Trouble seems to be
:01:48. > :01:58.mounting. Countries in Asia and East Europe have been success
:01:58. > :01:58.
:01:58. > :02:04.stories. International operations are becoming volatile. South Korea
:02:04. > :02:08.has ordered twice monthly Sunday closures to protect local markets.
:02:08. > :02:16.That is Tesco's single biggest overseas territory. Questions
:02:16. > :02:24.remain about whether Tesco will decide to quit. The first priority
:02:24. > :02:30.is stabilising the UK business. The next item will be fixing US
:02:30. > :02:38.business and turning that into a profitable operation. Lower down
:02:38. > :02:46.the screen are things like rolling out e-commerce. Operational issues
:02:46. > :02:50.like those. Tesco may be part of the community, but it has pulled
:02:50. > :02:59.out of Japan and shown it is ready to make tough decisions. It is
:02:59. > :03:07.trying to fix business overseas while reviving it at home.
:03:07. > :03:13.Deutsche Telecom has confirmed it is in talks to buy a US company. It
:03:13. > :03:23.warned that there are major issues to be discussed. Regulators in the
:03:23. > :03:24.
:03:24. > :03:30.US blocked a deal with the country's second largest carrier.
:03:30. > :03:33.Earnings from the world's biggest seed producer are out today.
:03:33. > :03:43.Investors want to know how America's worst drought in 25 years
:03:43. > :03:44.
:03:44. > :03:54.will affect earnings. The world's largest winter by maker
:03:54. > :04:01.
:04:01. > :04:07.has ended an agreement. It said that he had lost the company in the
:04:07. > :04:12.up to 18 million euros. A currency crisis in Iran has
:04:12. > :04:22.prompted calls for a strike among traders at the Tehran bazaar,
:04:22. > :04:22.
:04:23. > :04:32.triggered through text messages and social media. Many of the owners of
:04:33. > :04:35.
:04:35. > :04:41.the stalls it's not opened - -- have not opened their businesses.
:04:41. > :04:51.The currency has lost 80% value over the year. That has prompted a
:04:51. > :04:52.
:04:52. > :04:59.10% rise in food prices in the last ten days. This is a significant
:04:59. > :05:06.move this week. Tell us why this has happened? The sharp drop is all
:05:06. > :05:15.to do with the impact of US and EU sanctions. Iran has struggled to be
:05:15. > :05:25.able to get its Aurora sales up and bring in foreign currency that it
:05:25. > :05:26.
:05:26. > :05:31.could use to defend a currency locally. If these traders were to
:05:31. > :05:37.not operate today, what impact would then have on what the
:05:37. > :05:43.government is doing? It will not have much of an impact economically,
:05:43. > :05:47.but politically it is quite significant. It is the forerunner
:05:47. > :05:51.of many political changes in the past. What they do is seen by a
:05:51. > :05:55.much of the rest of the country as the -- an indicator of the kind of
:05:55. > :06:00.pressure the government might be under. The government could take
:06:00. > :06:05.drastic steps to defend the currency and pump more of its own
:06:05. > :06:13.reserves into the market to try and prop up the value of the currency,
:06:13. > :06:17.otherwise there could be some political consequences. It is
:06:17. > :06:27.obviously under pressure because of sanctions being posed by the US and
:06:27. > :06:27.
:06:27. > :06:33.EU. It has a poor track record. Economic policy has really been
:06:33. > :06:39.done very populist and not managed very well. There has been a lot of
:06:39. > :06:44.my spending and the poor economic practices. They removed subsidies
:06:44. > :06:51.in many household goods at the end of 2010. That was seen as a
:06:51. > :07:01.positive step by many observers. It contributed to inflation running
:07:01. > :07:06.
:07:06. > :07:10.over her 25%. What impact is that having on the people of Iran?
:07:10. > :07:16.regular consumer in Iran has already struggling for. Now, with
:07:16. > :07:22.the impact of the currency being weaker, it will make imported goods
:07:22. > :07:32.feel much more expensive. It will cut into the purchasing power of
:07:32. > :07:37.
:07:37. > :07:46.private individuals and local businesses. Thank you.
:07:46. > :07:52.Let's talk about Toyota. Sales have been doing very well in the US.
:07:52. > :07:56.This is quite a turnaround for Toyota. It had a touch -- tough
:07:56. > :08:00.time in recent years with all those recalls.
:08:00. > :08:10.And the supply shortages due to be tsunami and earthquake in Japan
:08:10. > :08:11.
:08:12. > :08:17.last year. Twitter leading the way with Honda in US car sales. The
:08:18. > :08:27.best month for car sales in the US in four years. The Toyota --
:08:28. > :08:30.
:08:30. > :08:37.weirder had the biggest rise. Toyota had the biggest rise. Honda
:08:37. > :08:40.is up by three fits of 1%. When you talk to analysts, they say that
:08:40. > :08:47.this is due to American buyers taking advantage of lower interest
:08:47. > :08:57.rates and cheap financing for cars and trucks. They stress the
:08:57. > :08:57.
:08:57. > :09:01.industry recovery is helping carmakers. Other Japanese car
:09:01. > :09:11.manufacturers need this left from the US market. Sales in China start
:09:11. > :09:12.
:09:12. > :09:22.to dip. This is good news for Japanese car manufacturers Toyota
:09:22. > :09:32.