03/10/2012 World Business Report

Wales. Those are the headlines. Time for

Welcome. The headlines: Britain's biggest supermarket set to post its

first fall in group profits in nearly 20 years. Calls for a

protest among traders at Tehran's main market in response to the

collapse in value of the around in currency.

-- Iranian. US September car sales record at their best month in four

years. Britain's largest retail or is

expected to announce a 10% fall in its group trading profit. It could

be the first decline in 18 years. Tesco is fighting back after the

warning. It has recently been are priced by Sainsbury's. -- alt

priced. New fit for customers, more staff

to give service on the shop floor. -- new food. Tesco has been

battling for months to stop customers drifting to rivals. The

hope is that it may have a decline at home. Trouble seems to be

mounting. Countries in Asia and East Europe have been success

stories. International operations are becoming volatile. South Korea

has ordered twice monthly Sunday closures to protect local markets.

That is Tesco's single biggest overseas territory. Questions

remain about whether Tesco will decide to quit. The first priority

is stabilising the UK business. The next item will be fixing US

business and turning that into a profitable operation. Lower down

the screen are things like rolling out e-commerce. Operational issues

like those. Tesco may be part of the community, but it has pulled

out of Japan and shown it is ready to make tough decisions. It is

trying to fix business overseas while reviving it at home.

Deutsche Telecom has confirmed it is in talks to buy a US company. It

warned that there are major issues to be discussed. Regulators in the

US blocked a deal with the country's second largest carrier.

Earnings from the world's biggest seed producer are out today.

Investors want to know how America's worst drought in 25 years

will affect earnings. The world's largest winter by maker

has ended an agreement. It said that he had lost the company in the

up to 18 million euros. A currency crisis in Iran has

prompted calls for a strike among traders at the Tehran bazaar,

triggered through text messages and social media. Many of the owners of

the stalls it's not opened - -- have not opened their businesses.

The currency has lost 80% value over the year. That has prompted a

10% rise in food prices in the last ten days. This is a significant

move this week. Tell us why this has happened? The sharp drop is all

to do with the impact of US and EU sanctions. Iran has struggled to be

able to get its Aurora sales up and bring in foreign currency that it

could use to defend a currency locally. If these traders were to

not operate today, what impact would then have on what the

government is doing? It will not have much of an impact economically,

but politically it is quite significant. It is the forerunner

of many political changes in the past. What they do is seen by a

much of the rest of the country as the -- an indicator of the kind of

pressure the government might be under. The government could take

drastic steps to defend the currency and pump more of its own

reserves into the market to try and prop up the value of the currency,

otherwise there could be some political consequences. It is

obviously under pressure because of sanctions being posed by the US and

EU. It has a poor track record. Economic policy has really been

done very populist and not managed very well. There has been a lot of

my spending and the poor economic practices. They removed subsidies

in many household goods at the end of 2010. That was seen as a

positive step by many observers. It contributed to inflation running

over her 25%. What impact is that having on the people of Iran?

regular consumer in Iran has already struggling for. Now, with

the impact of the currency being weaker, it will make imported goods

feel much more expensive. It will cut into the purchasing power of

private individuals and local businesses. Thank you.

Let's talk about Toyota. Sales have been doing very well in the US.

This is quite a turnaround for Toyota. It had a touch -- tough

time in recent years with all those recalls.

And the supply shortages due to be tsunami and earthquake in Japan

last year. Twitter leading the way with Honda in US car sales. The

best month for car sales in the US in four years. The Toyota --

weirder had the biggest rise. Toyota had the biggest rise. Honda

is up by three fits of 1%. When you talk to analysts, they say that

this is due to American buyers taking advantage of lower interest

rates and cheap financing for cars and trucks. They stress the

industry recovery is helping carmakers. Other Japanese car

manufacturers need this left from the US market. Sales in China start

to dip. This is good news for Japanese car manufacturers Toyota