:00:02. > :00:12.home. It was detaped after an investment group was suing
:00:12. > :00:14.
:00:14. > :00:18.Argentina for a bond debt. For the latest financial news with Sally.
:00:19. > :00:23.Hello. A very warm welcome. You are with World Business Report. I'm
:00:23. > :00:28.Sally Bundock. Here are the headlines: bad ling to stay in
:00:28. > :00:36.touch. Microsoft -- battling to stay in touch. Microsoft launches
:00:36. > :00:39.windows 8 to battle smartphones and tablets. The first round of US
:00:39. > :00:45.trade ruling against Apple lost. Growing for gold. The Olympics may
:00:45. > :00:55.have pulled the United Kingdom out of recession in the third quarter.
:00:55. > :00:58.
:00:58. > :01:04.Analyst warns the recovery could be Good to have you with us. Its
:01:04. > :01:14.boldest move in two decades or a last throw of the dice. Microsoft
:01:14. > :01:14.
:01:14. > :01:20.overthrow of the world for touch screen smartphones and tablets.
:01:20. > :01:24.Apple is worth twice as much and Google is catching up as the
:01:24. > :01:30.traditional PC business declines. We'll hear why windows 8 may be too
:01:30. > :01:35.little, too late. First a report from Microsoft headquarters in
:01:35. > :01:40.Seattle. Microsoft's founder, Bill Gates, and his successor joined the
:01:40. > :01:46.staff to celebrate 30 years of charitable giving. For the man in
:01:46. > :01:53.charge, the next few days are crucial. We have reimagined windows
:01:53. > :01:57.and windows 8. The new Windows 8 system is supposed to take
:01:57. > :02:01.Microsoft, rather late, into the world of touch-screen mobile
:02:01. > :02:06.computing. The boss knows what is at state. The launch of windows 8
:02:06. > :02:13.on the phone is an epic thing for Microsoft. It's up there in the top
:02:13. > :02:20.two or three big moments, including Windows 95 and the launch of the
:02:20. > :02:25.IBM PC, starting us on a new era of computing. Microsoft is a giant,
:02:25. > :02:29.employing more than 40,000 across Seattle, generating big profits
:02:29. > :02:33.from Windows and Office. The clever people in these buildings - what
:02:33. > :02:40.they haven't done is produce anything that has changed the world
:02:40. > :02:45.or made consumers go "Wow". Unlike Apple which this week launched
:02:45. > :02:51.another iPad and outpaced its old rival in delivering new products.
:02:51. > :02:55.Microsoft believes this, the tag the computer powered by Windows 8,
:02:55. > :03:05.shows that it could be smarter. This firm needs to move fast to
:03:05. > :03:05.
:03:06. > :03:11.stay in touch. Well, for more I'm joined by the editor of Technology
:03:11. > :03:16.News and Reviews website. Rupert, today is a launch day for Windows 8.
:03:16. > :03:20.Yes. How significant is this for Microsoft? It is very significant.
:03:20. > :03:25.Microsoft have been falling behind in the race, especially with Apple,
:03:25. > :03:31.and Google, as they move to the cloud. The PC is old hat. People
:03:31. > :03:36.are moving to mobile devices and tablets. The PC market will
:03:36. > :03:42.contract for the first time since 2001 by a per cent. The smart
:03:42. > :03:47.phones, the tablets are getting powerful, faster. And are used more.
:03:48. > :03:52.The smartphone has the same amount of power as a PC. It costs less, is
:03:52. > :03:58.more portable and you don't have to leave it on the desk. It takes over
:03:58. > :04:05.the functions of a PC. It's the first time Microsoft has the same-
:04:05. > :04:09.looking function across mobile phones, tablets and desktops. Why
:04:09. > :04:17.would someone upgrade to Windows 8 if they have Windows 7 and went
:04:17. > :04:22.down the Vista path. Why upgrade, where in companies they'd have to
:04:22. > :04:30.retrain staff? Microsoft are not pushing this into the companies.
:04:30. > :04:34.They have finally come off Windows XP and will not move to Windows 8.
:04:34. > :04:38.Microsoft will position consumers, especially women, the female market,
:04:38. > :04:42.which is seen as untapped. They'll hope as people use the stuff in
:04:42. > :04:48.their daily lives, that pressure will build on companies to switch
:04:48. > :04:53.over to it. Do you think this will edge Microsoft ahead or is it two
:04:53. > :04:58.little, too late? Because it came out two years ago in the States,
:04:58. > :05:02.and three years ago if the phones are right - it's something that
:05:02. > :05:07.solves no problems, and it's not anything that the oppositition has
:05:07. > :05:12.been doing. It's a company trying to keep a toehold. Thank you for
:05:12. > :05:18.your analyse. It's happening in New York, the launch of Window 8. Let's
:05:18. > :05:24.stay with technology. Apple scored a legal victory again in its patent
:05:24. > :05:30.battle with Samsung. Now to Mariekeo in Singapore. Tell us the
:05:30. > :05:34.latest chapter in the battle between the two companies. That's
:05:34. > :05:39.right. We have been talking about the legal battle between the two
:05:39. > :05:44.companies for many months now. This time it's the us international
:05:44. > :05:50.trade commission. The ruling is still preliminary, but the judge
:05:50. > :05:55.did find that Samsung infringed four of Apple's patent - and we are
:05:55. > :06:00.talking smartphones. The ruling needs to be upheld by the full
:06:00. > :06:03.Commission, which is expected to take place in February. The ITC has
:06:03. > :06:07.the power to block pucts being imported into the United States. If
:06:07. > :06:12.it -- products being imported into the United States. In that happens,
:06:12. > :06:22.it will be a huge blow for the North Korean company. It's a huge
:06:22. > :06:24.
:06:24. > :06:31.win for app really, after Samsung was ordered to pay millions. In
:06:31. > :06:35.Tokyo, Hague and London, the courts ruled that Samsung did not infringe
:06:36. > :06:40.patents. The legal battles are likely to continue for months to
:06:40. > :06:43.come. Thanks a lot. Figures out shortly may confirm the United
:06:43. > :06:47.Kingdom economy climbed out of recession in the third quarter
:06:47. > :06:55.thanks to the London Olympics. That boosted growth in August.
:06:55. > :07:00.Economists are warning we must not get carried away. As athletes
:07:00. > :07:03.queued up to take medal after medal, the feel-good factor bubbleed into
:07:03. > :07:09.the pockets of United Kingdom consumers. A boost to spending
:07:09. > :07:14.helped to see an improvement in growth figures. The third quarter
:07:14. > :07:19.enjoyed the positive impact from the Olympic and Paralympic Games -
:07:19. > :07:22.with ticket sales adding 0.2 percentage points to growth.
:07:22. > :07:27.Households benefitted from an increase in the number of people in
:07:27. > :07:34.work. A fall in inflation and rise in earn aings from lows seen at the
:07:34. > :07:39.beginning of the year. Despite that, some are predicting a triple dip
:07:39. > :07:45.recession -- earnings from lows seen at the beginning of the year.
:07:45. > :07:49.Despite that, some are predicting a triple dip recession. It can be
:07:49. > :07:55.done quickly or over a period of time - we have gaps in the trade
:07:55. > :08:00.and budget deficit. It is made up by the QE Programme by the Central
:08:00. > :08:06.Banks. We'll rely on that for some time to come to keep growth
:08:06. > :08:10.stablised. Manufacturers are finding it tough. Despite projects
:08:10. > :08:15.like this one, the construction sector showed little growth at all,
:08:15. > :08:20.which is disappointing when you compare it to the previous quarter,
:08:20. > :08:24.which was hampered by bad weather and an extra day's public holiday.
:08:25. > :08:28.The outlook is for further growth in the economy, but under duress.
:08:28. > :08:34.Services, manufacturing and construction sectors are finding it
:08:34. > :08:39.hard to gain support from the domestic or global economic
:08:39. > :08:49.situation. The ongoing problems within the Eurozone are continuing
:08:49. > :08:50.
:08:50. > :08:55.to dent consumer confidence. Other business stories - we'll get the
:08:55. > :09:04.bank details before the markets open in Spain. Profits expected to
:09:04. > :09:10.slump 50%. Bad loans are written off. Former Goldman Sachs director,
:09:10. > :09:16.gupt has been sentenced to -- gupt has been sent to two -- Rajat Gupta
:09:16. > :09:24.has been sentenced to two years imprison. He was convicted in June
:09:24. > :09:29.of passing boardroom secrets to his friend, Jed Rakoff, a typhoon,
:09:29. > :09:33.serving 11 years currently for his role. There could be bad news for
:09:33. > :09:38.Ford employees. The company is planning to close its transit van
:09:38. > :09:45.plant in Southampton, southern England, which employs over 500
:09:45. > :09:52.people. On Wednesday Ford announced a shutdown in 2014 of its car
:09:52. > :09:57.factory in Genk, in eastern Belgium as production is moved to Spain.
:09:57. > :10:01.Markets in Asia - mixed, not significant gains or losses. A
:10:01. > :10:05.reason the markets are cheerful - of course, we have seen losses for
:10:05. > :10:09.most of the week - is news that home sales in the United States
:10:09. > :10:16.gained more than expected. More evidence to show that the recovery