Browse content similar to 24/01/2013. Check below for episodes and series from the same categories and more!
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Welcome back to BBC News. A summary of the main international stories: | :00:12. | :00:15. | |
A statement carried by North Korea's KCNA news agency says the | :00:15. | :00:18. | |
country will carry out a third nuclear test aimed at the United | :00:18. | :00:23. | |
States. The threat comes after a UN resolution condemning North Korea's | :00:23. | :00:27. | |
recent long-range rocket launch. American Defence Secretary, Leon | :00:27. | :00:32. | |
Panetta, is expected to end a ban on women serving in combat. The | :00:32. | :00:35. | |
move overturns a 1994 rule stopping women from being assigned to small | :00:35. | :00:38. | |
ground-combat units. It means women could be available for hundreds of | :00:38. | :00:43. | |
thousands of front line positions and commando jobs. A day after | :00:43. | :00:45. | |
British Prime Minister David Cameron promised an EU referendum, | :00:45. | :00:48. | |
he'll address leaders from the diplomatic and business worlds | :00:48. | :00:50. | |
later on Thursday, at the World Economic Forum in Switzerland. He's | :00:50. | :00:53. | |
expected to call for greater international cooperation on tax | :00:53. | :00:56. | |
evasion. A French woman who was sentenced to 60 years in a Mexican | :00:56. | :00:59. | |
prison on kidnapping charges is on her way home after the Mexican | :00:59. | :01:09. | |
:01:09. | :01:11. | ||
Supreme Court ruled that her trial was tainted. Those are the latest | :01:11. | :01:14. | |
headlines will stop. Now, the latest financial news with World | :01:14. | :01:20. | |
Business Report. Hello and welcome to World Business Report. Has the | :01:21. | :01:25. | |
shine been wiped away from Apple? Record sales figures for the tech | :01:25. | :01:30. | |
giant but investors don't seem happy. We'll have the latest from | :01:30. | :01:37. | |
the World Economic Forum in Davos. We'll find out what one business | :01:37. | :01:40. | |
leader thinks of David Cameron's proposal for an EU Referendum in | :01:40. | :01:50. | |
:01:50. | :01:50. | ||
the UK. Apple reported another set of record sales figures on | :01:50. | :01:55. | |
Wednesday. The tech giant sold 47.8 million iPhones and 22.9 million | :01:55. | :02:00. | |
iPad tablets. But, despite the numbers, investors were still | :02:00. | :02:05. | |
disappointed. In after hours trade, shares slumped another 10%, wiping | :02:05. | :02:08. | |
$50 billion off its value, after what's been a tough few months for | :02:08. | :02:15. | |
the firm. But, what has worried the markets? Ben Thompson has been | :02:15. | :02:25. | |
:02:25. | :02:25. | ||
finding out in New York. For many, Apple is the company that can do no | :02:25. | :02:30. | |
wrong. Each new product is launched with a fanfare. There's no shortage | :02:30. | :02:36. | |
of loyal customers spending hundred dollars each time. Why are | :02:36. | :02:43. | |
investors nervous? The share price could tell the story. Look at this. | :02:43. | :02:49. | |
The shares hit $700 in September when it launched the iPhone five | :02:49. | :02:54. | |
and since then it's all the way to under $500. That's the first time | :02:54. | :02:59. | |
its Dunn in one year. Many investors fear that the best days | :02:59. | :03:05. | |
but Apple may be behind him. That's partly thanks to the rivals who | :03:05. | :03:09. | |
have caught up with their innovations. With little difference | :03:09. | :03:13. | |
between smartphones and what they can do, many are reluctant to pay | :03:13. | :03:23. | |
the premium for an Apple product. We newspeak about $500? Nadir would | :03:23. | :03:29. | |
not take it. May be I would use it but otherwise have done it. That is | :03:29. | :03:35. | |
reflected in the sales numbers. In that third quarter, manufacturers | :03:35. | :03:41. | |
sold 181 million smartphones. Google's and draw it was installed | :03:41. | :03:48. | |
on 75%. The Apple system was on me on 15%. Apple may sell pure | :03:49. | :03:53. | |
handsets but it earns more money on each sale and despite the share | :03:53. | :03:58. | |
slump it's a hugely successful business. Does the problem might | :03:58. | :04:00. | |
would-be investors and their expectations rather than Apple | :04:00. | :04:07. | |
itself? It's a fantasy world in which apple moves without friction | :04:07. | :04:13. | |
at the speed of light up would and one would breaking records they | :04:13. | :04:18. | |
deliver blockbuster products aren't out of thin air of but in reality, | :04:18. | :04:25. | |
despite being a mammoth successful company and they need to invest and | :04:25. | :04:29. | |
spend and grow and expand and they need to spend money and that eats | :04:29. | :04:34. | |
into the products. Investors are used to record sales and soaring | :04:34. | :04:38. | |
profits. They have increased competition and maintain the growth | :04:38. | :04:44. | |
and it will not be easy. Just as Wall Street expects, that may be | :04:44. | :04:48. | |
harder still. We've been reporting this week from the World Economic | :04:48. | :04:52. | |
Forum in Davos, Switzerland. It's an opportunity for ministers, | :04:52. | :04:59. | |
business leaders and policy experts to meet in a relaxed atmosphere. | :04:59. | :05:02. | |
One issue under the spotlight is sure to be David Cameron's EU | :05:02. | :05:07. | |
referendum proposal. The British Prime Minister is due to speak in | :05:07. | :05:10. | |
Davos later this morning. One European business leader who | :05:10. | :05:13. | |
understands why Mr Cameron has made this proposal is Axel Weber, the | :05:13. | :05:15. | |
former head of Germany's central bank and current chairman of Swiss | :05:15. | :05:25. | |
:05:25. | :05:28. | ||
bank, UBS. As power is centralised in Europe, what he says his but he | :05:28. | :05:38. | |
:05:38. | :05:39. | ||
wants a binary choice. You in or are you out? That is a sensible | :05:39. | :05:44. | |
proposition. As a European, pro- European, I hope the British | :05:44. | :05:49. | |
population decides when the boat comes up that they see the benefits. | :05:49. | :05:52. | |
Joining us from Davos now is Sir Martin Sorrell, CEO of the global | :05:52. | :06:01. | |
advertising group, WPP. Many thanks for joining me. It's a very cool | :06:01. | :06:08. | |
morning. We just had their about thoughts about the proposal for the | :06:08. | :06:14. | |
referendum. What do you make of this? Politically I understand the | :06:14. | :06:21. | |
Prime Minister and his predicament. Maybe 16% of the poll's more from | :06:21. | :06:27. | |
the Conservatives from Labour or he is in a political predicament to | :06:27. | :06:32. | |
deal with., a business point of view, economically, it cannot be | :06:32. | :06:38. | |
good news. At best, if you put a gloss on it will be neutral but at | :06:38. | :06:45. | |
worst it will be negative in terms of uncertainty. There's enough | :06:45. | :06:49. | |
uncertainty in the eurozone and the Middle East and China has a soft | :06:49. | :06:53. | |
landing and the US deficit dealing with their debt crisis which is the | :06:53. | :06:58. | |
biggest issue. Now we have added another problem and Middle East | :06:58. | :07:03. | |
which is unpredictable and another one now with this referendum and we | :07:03. | :07:09. | |
have to referendums, the one in Scotland at more uncertainty. At | :07:09. | :07:14. | |
referendum, somewhere between 2015 or 2018 add more uncertainty and | :07:14. | :07:19. | |
the multinationals have about to Turin dollars sitting on the ballot | :07:19. | :07:24. | |
sheets and what we need do is talk about growth and employment and how | :07:24. | :07:29. | |
we get the youth at work because 50% of the youth population does | :07:29. | :07:34. | |
not have a job. We need to reduce the uncertainty. That is the | :07:34. | :07:39. | |
problem. From a business point of view it's not easy. With luck have | :07:39. | :07:46. | |
good terms, just like anybody else, we'd love that but we welcome the | :07:46. | :07:50. | |
referendum but its 2015 all 2000 a team with the election in between | :07:50. | :07:57. | |
and it's too much uncertainty. speak about the worry in five years | :07:57. | :08:02. | |
and uncertainty. Yet, you have decided recently to move your head | :08:02. | :08:07. | |
quarters back into London after four years in Ireland. Within the | :08:07. | :08:13. | |
context of these debates, about the issue of corporation tax at, do you | :08:13. | :08:18. | |
still view London as a good place to do business? I do. The | :08:18. | :08:24. | |
Government has done a good job to deal with Paddy deficit. A good job | :08:24. | :08:30. | |
to put the long-term plan together for the economy. Talking about the | :08:30. | :08:36. | |
uncertainty, we moved back because precisely of the uncertainty and | :08:36. | :08:39. | |
taxation on overseas profits. Under the Labour government there was a | :08:39. | :08:44. | |
threat of a double taxation or overseas profits and that's why we | :08:44. | :08:50. | |
and other companies have moved. The agenda is a wider issue. And one | :08:50. | :08:57. | |
point, we did some polling online with the system at our company and | :08:57. | :09:02. | |
it was interesting last night that the sample said they like the Prime | :09:02. | :09:06. | |
Minister and his speech and the content and interestingly, it there | :09:06. | :09:11. | |
was a referendum today they would be a vote to go out. That would | :09:11. | :09:17. | |
distress many people. That would affect people with investments in | :09:17. | :09:22. | |
the UK and that a posers everybody. This debate, which is very welcome | :09:22. | :09:27. | |
to, a strong debate, open and democratic, the sooner that takes | :09:27. | :09:33. | |
place the better. As I said, we have five is now of uncertainty and | :09:33. | :09:39. | |
that's the last thing that we need. Briefly, we will get the chance to | :09:39. | :09:44. | |
hear David Cameron later on and what do you hope to hear from him | :09:44. | :09:52. | |
and you hope to get out of Davos this year? Davos is a good talk | :09:52. | :09:59. | |
best and probably rightly, it's a chance to air their views and have | :09:59. | :10:08. | |
a debate and talk with incredible form last 43 years. He wants us to | :10:08. | :10:13. | |
be more optimistic and days Abbey more optimism and growth in the | :10:13. | :10:20. | |
economy and I don't believe that 2013 will be any different to 2000 | :10:20. | :10:27. | |
well. We may see some growth of about 3% with inflation about 5% | :10:27. | :10:34. | |
and if advertising stays about the same level, that gives us another | :10:34. | :10:39. | |
room to manoeuvre. We do see a few positive signs and the most | :10:39. | :10:47. | |
depressed economies in Spain with some good restructuring reforms and | :10:47. | :10:50. | |
measures will be good. The Italian elections will create uncertainty | :10:50. | :11:00. | |
:11:00. | :11:01. | ||
but we hope that Mario Monti will make progress. The stock to bad | :11:01. | :11:11. | |
:11:11. | :11:30. | ||
Now for some more news from the UK. A backlog of more than 16,000 | :11:30. | :11:33. | |
unresolved immigration cases has been discovered by inspectors at UK | :11:33. | :11:35. | |
Border Agency offices. Some of the cases involved people who'd been | :11:35. | :11:39. | |
waiting up to a decade to find out if they could stay in the UK with | :11:39. | :11:42. | |
their husbands or wives. The Home Office says it's taking action to | :11:42. | :11:51. | |
deal with historical applications. Now this to more backlogs adding to | :11:51. | :11:57. | |
16,000 unresolved cases. This 40,000 applications by people | :11:57. | :12:02. | |
seeking a review on a refusal for their husband or wife. Immigration | :12:02. | :12:08. | |
inspectors found the load was rising by 700 each month among | :12:08. | :12:12. | |
confusion and 2,000 people wait for any decision at all and some go | :12:12. | :12:18. | |
back a decade. Await such a long time, even if it's a complex case, | :12:18. | :12:22. | |
it's outside any standards that we have. It should be addressed | :12:22. | :12:28. | |
urgently. The report found that children involved were rarely | :12:28. | :12:34. | |
conceded and too many appeals were heard. A Home Office says the | :12:34. | :12:37. | |
backlog has been clear since an inspection but the change in rules | :12:37. | :12:46. | |
may prevent a repeat of this large back wall. -- back clock. Coming up | :12:46. | :12:49. | |
at 6am on this channel, Jon Kay and Louise Minchin will be here with | :12:49. | :12:53. | |
Breakfast. As well as all the day's news, business and sport, we'll be | :12:53. | :12:55. | |
talking to movie star Jessica Chastain on Hollywood's recent take | :12:55. | :12:58. | |
on the tough female lead. We'll be looking into whether or not it | :12:58. | :13:01. | |
might be time for you to think about switching your energy | :13:01. | :13:05. | |
supplier as this winter's icy weather pushes up fuel bills. | :13:05. | :13:15. | |
:13:15. | :13:18. | ||
There's all that and more from 6am this morning. The headlines: North | :13:18. | :13:20. | |
Korea warns of more nuclear tests and long-range rocket launches, | :13:20. | :13:29. | |
responding to what it calls The United States Defence Secretary | :13:29. | :13:36. | |
is expected to end a ban on women Mexico overturns a controversial | :13:36. | :13:39. | |
ruling condemning a French woman to 60 years in prison on kidnapping | :13:39. | :13:46. | |
Despite record profits and huge iPhone sales, Apple shares slump | :13:46. | :13:55. | |
wiping $50 billion off the Now it is time for our newspaper | :13:55. | :13:58. | |
review where Alice and I look at the stories making headlines around | :13:58. | :14:06. | |
the world. Let's begin with the times and the business community | :14:06. | :14:11. | |
backs the British Prime Minister called for a referendum on the EU | :14:11. | :14:16. | |
and Angela Merkel is ready to talk. That's on the front page of many of | :14:16. | :14:22. | |
papers. China talks about the warning at the World Economic Forum. | :14:22. | :14:28. | |
They say that senior officials advise against undue optimism that | :14:29. | :14:36. | |
the worst of a financial crisis is over. The International tribune | :14:36. | :14:38. | |
pleads with the House of represented in the US with | :14:38. | :14:42. | |
President Obama and the showdown over the legislation allowing the | :14:42. | :14:51. |