Browse content similar to 19/11/2012. Check below for episodes and series from the same categories and more!
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at a security barrier in Karachi. Those are the headlines. Now it is | :00:06. | :00:16. | |
:00:16. | :00:19. | ||
time for World Business Report. Thank you for joining us. | :00:19. | :00:24. | |
Scandinavian airline SAS sides to avoid bankruptcy. Intense | :00:24. | :00:29. | |
negotiations continue. Name morning flights are cancelled. Another | :00:29. | :00:34. | |
crucial week for Greece as eurozone ministers try to resolve a row with | :00:34. | :00:40. | |
the IMF over how to contain the debt crisis. And I am Rico Hizon in | :00:40. | :00:48. | |
Singapore. Barack Obama visits one of the few economic bright spots in | :00:48. | :00:58. | |
the world. He wants to strengthen business and trade relations. We | :00:58. | :01:02. | |
start with news about the Scandinavian airline SAS. It is | :01:02. | :01:07. | |
fighting to prevent bankruptcy. Negotiations were expected to end | :01:07. | :01:13. | |
around midnight. They are continuing. Bower one union has | :01:14. | :01:21. | |
signed a new agreement. The company and wants to cut its employees. It | :01:21. | :01:27. | |
was to cut salaries by 15 % for flying staff and 17 % for | :01:27. | :01:32. | |
management. The staff will receive longer working hours if they agree | :01:32. | :01:37. | |
to the demands. Many SAS flights had been cancelled this morning. We | :01:37. | :01:41. | |
will bring you up to date with the latest developments as they | :01:41. | :01:45. | |
happened. If you are travelling throughout Europe, check with the | :01:45. | :01:50. | |
airline. Greece has gone through many make-or-break weeks. This is | :01:50. | :01:55. | |
the latest. The country is hanging on without its next injection of | :01:55. | :02:05. | |
bailout cash. At a meeting to raise more support, an IMF meeting has | :02:05. | :02:15. | |
:02:15. | :02:16. | ||
begun to overshadow the issues. -- IMF disagreement. The public health | :02:16. | :02:20. | |
system is close to collapse. Patients are returning to charities | :02:20. | :02:25. | |
for essential health care while the country tries to stay afloat on | :02:25. | :02:32. | |
temporary loans raised by the state debt be easy. TRANSLATION: We are | :02:33. | :02:38. | |
at the end of the precipice in Greece. No surprise, no money. | :02:38. | :02:43. | |
Hospital funding is reduced. As a result, basics applies are always | :02:43. | :02:52. | |
missing. The Finance Minister appealed for | :02:52. | :02:57. | |
bailout cash. He was battling a faulty microphone when he described | :02:57. | :03:03. | |
the predicament. A country has no liquidity. We must at last have a | :03:04. | :03:09. | |
decision for the next instalment. vote for the disbursement was | :03:09. | :03:15. | |
promised for Tuesday this week. Lenders may only be ready to close | :03:15. | :03:23. | |
the gap for a temporary two years. Christine Lagarde regards this as a | :03:23. | :03:27. | |
real fix. It would involve the Government writing off some of the | :03:27. | :03:34. | |
debt to them. What will emerge? most likely scenario is that over | :03:34. | :03:39. | |
the coming days, they will be some sort of partial agreement. That | :03:39. | :03:49. | |
:03:49. | :03:50. | ||
will avoid bankruptcy but have a high debt burden. They will have to | :03:50. | :03:55. | |
default at some point. For those waiting for medicine and essential | :03:55. | :04:01. | |
care, even two years more financial support will not come a moment too | :04:01. | :04:09. | |
soon. As we have been hearing, Barack Obama is the first sitting | :04:09. | :04:15. | |
US President to come to Burma. Let's get more. A low. Let's talk | :04:15. | :04:19. | |
about what Barack Obama will be expecting in terms of business | :04:19. | :04:27. | |
deals. South-east Asia is one of the | :04:27. | :04:32. | |
world's few economic bright spots. Barack Obama is visiting this | :04:32. | :04:39. | |
economic bloc to try to strengthen business and trade relations. He | :04:39. | :04:45. | |
will visit Burma, Cambodia and Thailand. He wants to work on | :04:45. | :04:53. | |
emerging markets. This is high on his priority list. It is a market | :04:53. | :04:59. | |
of 600 million people. A GDP of more than two trillion dollars. The | :04:59. | :05:05. | |
US's pushing this partnership. Thailand is America's third biggest | :05:05. | :05:11. | |
trading partner behind Thailand and Japan. It is becoming the 12th | :05:11. | :05:15. | |
country to join the initiative. Barack Obama is pushing this. The | :05:15. | :05:21. | |
region is relying more on trade with China. 150 billion US dollars | :05:21. | :05:27. | |
worth of goods were exported last year. That is a 30 % increase and | :05:27. | :05:35. | |
2010. Imports grew by 30 %. They want to counteract the strength of | :05:35. | :05:41. | |
China in this region. The US may benefit from the regional bloc. The | :05:41. | :05:46. | |
Chinese will be torn by geopolitical disputes and the | :05:46. | :05:50. | |
desire to force deeper integration of South Korea and Japan as a | :05:51. | :05:56. | |
counterweight to any US trans- Pacific partnership. Thank you for | :05:56. | :06:01. | |
the upbeat. Moving on to something different, | :06:01. | :06:08. | |
we talk about the machines. The new Nintendo Wii has gone on sale. It | :06:08. | :06:18. | |
:06:18. | :06:22. | ||
is the first in the next generation This model is much more complex | :06:22. | :06:29. | |
than the original. Will consumers buy it? If they do not come off | :06:29. | :06:35. | |
where does that leave Nintendo? Thank you for joining us. What are | :06:35. | :06:40. | |
your thoughts on are the new Nintendo Wii. --? Is it | :06:40. | :06:46. | |
complicated? A lot to get your head around. Nintendo at the forefront | :06:46. | :06:51. | |
of innovation again. It tends to move the market along when it | :06:51. | :06:56. | |
brings out a new console. They will use a touch-screen game pad to | :06:56. | :07:03. | |
control what goes on on the screen. Consumers will get their head round | :07:03. | :07:10. | |
game pad and the television. It could confuse people. Is it going | :07:10. | :07:20. | |
:07:20. | :07:25. | ||
gaining from the age five to the age of 95. This is set to continue | :07:25. | :07:33. | |
that but they are trying to bring This is a game you can play after | :07:33. | :07:39. | |
the kids have gone to bed. Hardcore shooting based games. That put the | :07:39. | :07:44. | |
thing. They are trying to appeal to everybody. A lot of the launch | :07:44. | :07:49. | |
titles, it looks like they will try to carry on the huge fan base of | :07:49. | :07:54. | |
people to what used to dealing with the Nintendo Wii. How important is | :07:54. | :08:01. | |
it for them to get this right? They face huge competition. This is a | :08:01. | :08:05. | |
different market this time. Last time it was just about games. This | :08:05. | :08:10. | |
time they are competing with lots of on-line systems were people can | :08:10. | :08:15. | |
organise content through the device. Nintendo made a loss last year. | :08:15. | :08:20. | |
This does not define their future existence but it defines what shape | :08:20. | :08:29. | |
it will take. Thank you for that. Other stories making headlines. | :08:29. | :08:36. | |
Cisco Systems, the largest maker of networking gear, is buying Meraki | :08:36. | :08:41. | |
for $1.2 billion. That is to allow customers to compete in the cloud. | :08:42. | :08:47. | |
Meraki is based in San Francisco and has offices in New York, London | :08:47. | :08:56. | |
and Mexico. The company was founded in 2006 by students. Jaguar Land | :08:56. | :09:03. | |
Rover and Chery, the British and Chinese car makers, formally laid | :09:03. | :09:10. | |
the storm for their new partnership. The companies will accelerate plans | :09:10. | :09:15. | |
to build a joint manufacturing plant in Shanghai. It is part of | :09:15. | :09:19. | |
for investment that will include a new research and development | :09:19. | :09:27. | |
facility and engine production. On the markets, trading is | :09:27. | :09:30. | |
continuing throughout Asia. A better performance for the main | :09:31. | :09:37. | |
Japanese stock market, the Nikkei. It is up by 1.5 %. It is held by | :09:37. | :09:42. | |
the US on Friday. Barack Obama had been having talks with | :09:42. | :09:47. | |
congressional leaders surrounding the budget deficits. There was a | :09:47. | :09:51. |