Browse content similar to 19/12/2012. Check below for episodes and series from the same categories and more!
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the country's business leaders as well as politicians. The European | :00:12. | :00:14. | |
Commission is today expected to propose larger health warnings on | :00:14. | :00:17. | |
cigarette packets along with a total ban on flavourings such as | :00:17. | :00:21. | |
menthol. But the proposals stop short of forcing all cigarettes to | :00:21. | :00:24. | |
be sold in plain packets carrying graphic health warnings, as has | :00:24. | :00:30. | |
been required in Australia from the start of this month. Still this | :00:31. | :00:34. | |
move in Europe is likely to anger tobacco firms who fear tougher | :00:34. | :00:36. | |
packaging rules will cut already dwindling sales in the region and | :00:36. | :00:45. | |
set a worrying precedent for growth markets in Asia and Africa. Joining | :00:45. | :00:47. | |
us from Brussels is Florence Berteletti- Kemp, Director, Smoke | :00:47. | :00:57. | |
:00:57. | :01:00. | ||
Free Partnership. What you make of these proposals in Europe? I would | :01:00. | :01:06. | |
like to answer this question in two parts. With regards to the content | :01:06. | :01:13. | |
of the proposal, we welcome the proposal. The 75% graphic warnings | :01:13. | :01:22. | |
on both sides of the packet. The fact that Slims cigarettes will be | :01:22. | :01:29. | |
banned. And the ban on menthol. Overall we would say the proposal | :01:29. | :01:36. | |
is a revolution. Secondly, with regard to the process, we are | :01:36. | :01:43. | |
relieved that after three years of preparation by the European | :01:43. | :01:49. | |
Commission, is expected, very long- awaited proposals have come up so | :01:49. | :01:55. | |
that the Parliament and Council will be able to debate, discuss its | :01:55. | :02:00. | |
content and hopefully improve the areas which are not yet in a | :02:00. | :02:06. | |
proposal such as plain packaging which you have just mentioned. We | :02:06. | :02:10. | |
expect plain packaging in the proposal, we want it and at the | :02:10. | :02:15. | |
very minimum, we want to make sure there will be nothing in this | :02:15. | :02:21. | |
proposal that would prevent state such as the UK to go further than | :02:21. | :02:25. | |
what the European Commission has proposed. We have seen Australia | :02:25. | :02:31. | |
take this step. Their packages are very graphic. What evidence is | :02:31. | :02:39. | |
there to show that this effect smokers have put its? There is | :02:39. | :02:44. | |
plenty of evidence around the world that the packaging of tobacco | :02:44. | :02:49. | |
products has a huge impact on smoking prevalence, especially | :02:49. | :02:55. | |
among young people. There is the example of Canada. Canada is the | :02:55. | :02:59. | |
first country in the world that introduced graphic warning. If you | :03:00. | :03:05. | |
look at the evidence, and the level of smoking in that country, it is | :03:05. | :03:10. | |
17%. That is a dream number compared to many countries in the | :03:10. | :03:20. | |
:03:20. | :03:22. | ||
European Union. The other example is you require. The packet is 80% | :03:22. | :03:29. | |
plane back to front. It is a very good example. The was a decrease of | :03:29. | :03:38. | |
4.3%. In Argentina there was an increase of 3%. Thank you for your | :03:38. | :03:43. | |
time on World Business Report. The will keep an eye on these | :03:43. | :03:47. | |
developments. The World Bank has raised its growth forecast for | :03:47. | :03:49. | |
China, saying stimulus measures and approval of infrastructure projects | :03:49. | :03:53. | |
will help boost the economy. The bank now expects China's economy to | :03:53. | :03:57. | |
grow by 8.4% next year - up from its earlier projection of 8.1%. | :03:57. | :04:05. | |
Rico Hizon is in our Asia business hub in Singapore. Music to years of | :04:05. | :04:11. | |
most around the world that China will grow more than expected? | :04:11. | :04:17. | |
is correct. The World Bank has seen the impact of lower interest rates | :04:17. | :04:20. | |
and public investment in infrastructure beginning to show up | :04:20. | :04:28. | |
in the mainland economic data. Effect will be felt into 2013 as | :04:28. | :04:31. | |
monetary authorities have authorised the approval of large | :04:31. | :04:37. | |
projects. The slowdown of Chinese Grove had prompted policy makers to | :04:37. | :04:41. | |
announce stimulus initiatives, that includes two interest rates since | :04:41. | :04:46. | |
June and approval of major infrastructure projects with 150 | :04:46. | :04:52. | |
billion US dollars. That raises its forecast for the developing East | :04:52. | :04:57. | |
Asia region which excludes China. It includes Thailand and the | :04:57. | :05:03. | |
Philippines and them and it will now expand by 5.7%. The banks said | :05:03. | :05:08. | |
the region was likely to benefit from financial recovery from the | :05:08. | :05:16. | |
floods just year and strong growth in the Philippines full. Millions | :05:16. | :05:20. | |
of voters in South Korea have gone to the polls in a presidential | :05:20. | :05:23. | |
election seen as too close to call. The election comes at a difficult | :05:23. | :05:28. | |
time for Asia's fourth-largest economy. Growth has been slowing, | :05:28. | :05:30. | |
exports weakening, and youth unemployment rising. But it's not | :05:30. | :05:33. | |
just politicians who are getting the blame, so are South Korea's big | :05:33. | :05:35. | |
family-owned conglomerates, known as the chaebols. They helped fuel | :05:35. | :05:38. | |
the country's economic rise but calls to reform them now dominate | :05:38. | :05:48. | |
:05:48. | :05:50. | ||
the debate. South Koreans, the story goes build their economy | :05:50. | :05:55. | |
brick by brick by pulling together. A generation on, many feel it is | :05:56. | :06:03. | |
time for some redistribution. Charcoal briquettes for the city's | :06:03. | :06:08. | |
porous times a gift from the country's biggest economic China. | :06:08. | :06:12. | |
In this G20, May, some still live through the brutal winters with no | :06:12. | :06:16. | |
central heating. Not everybody benefited equally from the stop | :06:16. | :06:20. | |
Korean economic boom. The wealthiest in six times as much as | :06:20. | :06:27. | |
the poorest and it is the country's most powerful conglomerates being | :06:27. | :06:32. | |
blamed for the gap. We are out of time with that. These big companies | :06:32. | :06:36. | |
will have to chip in more to improve their image. Without doing | :06:36. | :06:41. | |
that, it will be very difficult for them to survive and the business in | :06:41. | :06:49. | |
Korea. Society yeah has matured. and the selection, both candidates | :06:49. | :06:54. | |
have put economic democratisation at the centre of campaigns, | :06:54. | :06:59. | |
accusing the chaebols of squeezing out small businesses, forcing | :06:59. | :07:05. | |
prices and enriching themselves. But the Conservative contender, it | :07:05. | :07:12. | |
has often worries about the South Korean export has crime. Reform of | :07:12. | :07:17. | |
the chaebols and redistribution of wealth may be national demands that | :07:17. | :07:21. | |
cross-party lines, but with the global slowdown starting to bite, | :07:21. | :07:26. | |
for many voters that focus is again switching back to growth. The | :07:26. | :07:30. | |
recession he will not help the poor any more than the rich. In a | :07:30. | :07:35. | |
country that still relies on a handful of businesses for half its | :07:35. | :07:39. | |
GDP, it is likely to entrench the status quo and not change it. As | :07:40. | :07:47. | |
one commentator said recently, people do not worry about political | :07:47. | :07:52. | |
monopoly any more they worry about the economic kind. In other | :07:52. | :07:54. | |
business news, Facebook's photo- sharing site Instagram has denied | :07:54. | :07:57. | |
it plans to sell its users' photos to advertisers. There's been | :07:57. | :08:00. | |
widespread anger from social media users to a change in Instagram's | :08:00. | :08:03. | |
privacy policy, which appeared to give the site the right to sell | :08:03. | :08:06. | |
photos. In a blog, the site's co- founder said Instagram's Terms of | :08:06. | :08:09. | |
Use would be changed to clarify this and he insisted that Instagram | :08:09. | :08:13. | |
did not claim ownership rights of users' photos. The Irish government | :08:13. | :08:16. | |
has voiced its opposition to Ryanair's bid to buy rival Aer | :08:16. | :08:19. | |
Lingus, saying the deal risked damaging competition. However, | :08:19. | :08:22. | |
despite the government holding a 25% stake in Aer Lingus, it is the | :08:22. | :08:25. | |
European Union that will decide whether the takeover can go ahead | :08:25. | :08:28. | |
or not. Ryanair has responded, saying the Irish government has no | :08:28. | :08:34. | |
power to block its bid. It already owns 30% of Aer Lingus. Brussels | :08:34. | :08:43. | |
will rule on the deal early next year. Markets very strong in Asia | :08:43. | :08:50. | |
today. To ban stands up. It has been rising all week ahead of the | :08:50. | :08:55. | |
new government coming into power at the end of the week. He has clear | :08:55. | :08:59. |