:00:00. > :00:01.Those are the latest headlines from Those are the latest headlines from
:00:01. > :00:02.BBC News. Now for the latest BBC News. Now for the latest
:00:02. > :00:12.BBC News. Now for the latest financial news with Sally Bundock
:00:12. > :00:18.
:00:18. > :00:19.financial news with Sally Bundock The prospect of a political
:00:19. > :00:20.The prospect of a political The prospect of a political
:00:20. > :00:24.stalemate in Italy has the markets stalemate in Italy has the markets
:00:24. > :00:25.and business worried. and business worried.
:00:25. > :00:26.and business worried. and business worried.
:00:26. > :00:27.Sony wants to be a big player in Sony wants to be a big player in
:00:28. > :00:29.mobile, the company's chief mobile, the company's chief
:00:29. > :00:29.mobile, the company's chief mobile, the company's chief
:00:29. > :00:39.executive tells us how he plans, to executive tells us how he plans, to
:00:39. > :00:40.Welcome to World Business Report. Welcome to World Business Report.
:00:40. > :00:41.Welcome to World Business Report. I'm Sally Bundock. Also in the
:00:41. > :00:42.I'm Sally Bundock. Also in the programme: The International Herald
:00:42. > :00:43.programme: The International Herald programme: The International Herald
:00:43. > :00:46.programme: The International Herald Tribune is to get a makeover. We
:00:46. > :00:47.Tribune is to get a makeover. We will have the details.
:00:47. > :00:49.will have the details. Markets hate uncertainty, but
:00:49. > :00:49.Markets hate uncertainty, but Markets hate uncertainty, but
:00:49. > :00:51.that's what the Italian election that's what the Italian election
:00:51. > :00:52.that's what the Italian election seems to have delivered. The
:00:52. > :00:53.seems to have delivered. The seems to have delivered. The
:00:53. > :00:54.centre-left coalition led by Pier centre-left coalition led by Pier
:00:54. > :00:55.centre-left coalition led by Pier Luigi Bersani is short of the
:00:55. > :00:56.Luigi Bersani is short of the Luigi Bersani is short of the
:00:56. > :00:58.majority it needs in the Upper majority it needs in the Upper
:00:58. > :00:59.majority it needs in the Upper majority it needs in the Upper
:00:59. > :01:00.House to govern. It was denied a House to govern. It was denied a
:01:00. > :01:01.House to govern. It was denied a clear victory, in part by the
:01:01. > :01:04.clear victory, in part by the astonishing success of comedian,
:01:04. > :01:05.astonishing success of comedian, turned politician, Beppe Grillo.
:01:05. > :01:06.turned politician, Beppe Grillo. turned politician, Beppe Grillo.
:01:06. > :01:07.turned politician, Beppe Grillo. The euro has been falling on the
:01:07. > :01:09.The euro has been falling on the The euro has been falling on the
:01:09. > :01:11.news and stock markets have been news and stock markets have been
:01:11. > :01:12.shaky too. More on the markets shaky too. More on the markets
:01:12. > :01:13.shaky too. More on the markets shortly. But first Nigel Cassidy
:01:13. > :01:14.shortly. But first Nigel Cassidy shortly. But first Nigel Cassidy
:01:14. > :01:24.reports on why the Italian economy reports on why the Italian economy
:01:24. > :01:26.
:01:26. > :01:27.It is the first working day after It is the first working day after
:01:27. > :01:28.It is the first working day after It is the first working day after
:01:28. > :01:29.It is the first working day after the big vote, but it is too soon to
:01:29. > :01:31.the big vote, but it is too soon to the big vote, but it is too soon to
:01:31. > :01:32.the big vote, but it is too soon to tell if Italy is to take a new
:01:32. > :01:33.tell if Italy is to take a new tell if Italy is to take a new
:01:33. > :01:37.economic sand. The budget deficit economic sand. The budget deficit
:01:37. > :01:39.economic sand. The budget deficit is just manageable. Yet the new
:01:39. > :01:41.is just manageable. Yet the new administration inherits a business
:01:41. > :01:42.administration inherits a business administration inherits a business
:01:42. > :01:44.economy, that after 14 years of economy, that after 14 years of
:01:44. > :01:46.economy, that after 14 years of near zero growth, a double dip
:01:46. > :01:47.near zero growth, a double dip near zero growth, a double dip
:01:47. > :01:48.recession, and a year of austerity, recession, and a year of austerity,
:01:48. > :01:50.recession, and a year of austerity, is not productive or competitive
:01:50. > :01:52.is not productive or competitive is not productive or competitive
:01:52. > :01:54.enough to create the wealth because enough to create the wealth because
:01:54. > :01:55.enough to create the wealth because it means. The prime minister's
:01:55. > :01:58.it means. The prime minister's it means. The prime minister's
:01:58. > :01:59.government left the office with a government left the office with a
:01:59. > :02:09.government left the office with a government left the office with a
:02:09. > :02:21.
:02:21. > :02:23.lot - mile long list of unfinished TRANSLATION: -- this employer
:02:23. > :02:25.TRANSLATION: -- this employer TRANSLATION: -- this employer
:02:25. > :02:29.thinks Italy should cut the red thinks Italy should cut the red
:02:29. > :02:30.thinks Italy should cut the red tape. And to resist any pressure
:02:30. > :02:32.tape. And to resist any pressure tape. And to resist any pressure
:02:32. > :02:35.from the left to modernise Italy's from the left to modernise Italy's
:02:35. > :02:36.from the left to modernise Italy's employment rules. They tend to be
:02:36. > :02:38.employment rules. They tend to be employment rules. They tend to be
:02:38. > :02:40.over-protective of the ones in the over-protective of the ones in the
:02:40. > :02:41.over-protective of the ones in the system and very unfair towards the
:02:41. > :02:42.system and very unfair towards the system and very unfair towards the
:02:42. > :02:44.system and very unfair towards the ones who are out of the system.
:02:44. > :02:49.ones who are out of the system. ones who are out of the system.
:02:49. > :02:55.What we encourage is more balanced. What we encourage is more balanced.
:02:55. > :02:57.What we encourage is more balanced. What we encourage is more balanced.
:02:57. > :02:59.We want a law that has less We want a law that has less
:02:59. > :03:01.We want a law that has less constraints on the company side.
:03:01. > :03:07.constraints on the company side. constraints on the company side.
:03:07. > :03:09.And to allow more flexibility. And to allow more flexibility.
:03:09. > :03:13.And to allow more flexibility. began company owes its existence to
:03:13. > :03:14.began company owes its existence to began company owes its existence to
:03:14. > :03:15.early reforms, helping start -- early reforms, helping start --
:03:15. > :03:19.early reforms, helping start -- made its way through Italian
:03:19. > :03:20.made its way through Italian made its way through Italian
:03:20. > :03:21.bureaucracy. Sometimes I have the bureaucracy. Sometimes I have the
:03:22. > :03:25.bureaucracy. Sometimes I have the bureaucracy. Sometimes I have the
:03:25. > :03:29.feeling that we are like a big feeling that we are like a big
:03:29. > :03:30.feeling that we are like a big feeling that we are like a big
:03:30. > :03:32.balloon. We must work on this. And balloon. We must work on this. And
:03:32. > :03:33.balloon. We must work on this. And balloon. We must work on this. And
:03:33. > :03:34.then we can fly. It is 14 years then we can fly. It is 14 years
:03:34. > :03:36.then we can fly. It is 14 years since any telling government has
:03:36. > :03:37.since any telling government has since any telling government has
:03:37. > :03:39.managed to sustain growth. Before managed to sustain growth. Before
:03:39. > :03:40.managed to sustain growth. Before that can ever happen, been the
:03:40. > :03:41.that can ever happen, been the that can ever happen, been the
:03:42. > :03:43.prime minister has to reassure prime minister has to reassure
:03:43. > :03:44.prime minister has to reassure Germany, the financial markets, and
:03:44. > :03:45.Germany, the financial markets, and Germany, the financial markets, and
:03:45. > :03:51.international lenders that Italy is international lenders that Italy is
:03:51. > :03:53.a reliable economic partner. a reliable economic partner.
:03:53. > :03:55.a reliable economic partner. a reliable economic partner.
:03:55. > :03:56.I am joined by market analyst for I am joined by market analyst for
:03:56. > :03:57.I am joined by market analyst for more analysis. The markets have
:03:57. > :03:58.more analysis. The markets have more analysis. The markets have
:03:58. > :04:00.reacted in the way we expected. reacted in the way we expected.
:04:00. > :04:01.reacted in the way we expected. reacted in the way we expected.
:04:01. > :04:02.Shares falling in the US as it has Shares falling in the US as it has
:04:02. > :04:03.Shares falling in the US as it has emerged there is no clear winner.
:04:03. > :04:07.emerged there is no clear winner. emerged there is no clear winner.
:04:07. > :04:08.The Yuri sinking as well. Exactly. The Yuri sinking as well. Exactly.
:04:08. > :04:13.The Yuri sinking as well. Exactly. His has been the worst possible
:04:13. > :04:16.His has been the worst possible His has been the worst possible
:04:16. > :04:18.outcome, in many respects. -- this outcome, in many respects. -- this
:04:19. > :04:20.outcome, in many respects. -- this has. We were looking for a
:04:20. > :04:21.has. We were looking for a has. We were looking for a
:04:21. > :04:24.correction. The outcome is very correction. The outcome is very
:04:24. > :04:25.correction. The outcome is very much a backlash against Brussels.
:04:25. > :04:32.much a backlash against Brussels. much a backlash against Brussels.
:04:32. > :04:33.Seeing that the majority is anti- Seeing that the majority is anti-
:04:33. > :04:35.Seeing that the majority is anti- euro. The austerity measures are
:04:35. > :04:37.euro. The austerity measures are euro. The austerity measures are
:04:37. > :04:38.being driven backwards. We will see being driven backwards. We will see
:04:38. > :04:40.being driven backwards. We will see being driven backwards. We will see
:04:40. > :04:41.further down sides to come. We must further down sides to come. We must
:04:41. > :04:46.further down sides to come. We must watch closely, the interest rate on
:04:46. > :04:49.watch closely, the interest rate on watch closely, the interest rate on
:04:49. > :04:51.Italian debts. That is the biggest Italian debts. That is the biggest
:04:51. > :04:52.Italian debts. That is the biggest issue. We have seen the interest
:04:52. > :04:53.issue. We have seen the interest issue. We have seen the interest
:04:53. > :04:56.rate for considerably from the last rate for considerably from the last
:04:56. > :04:57.rate for considerably from the last rate for considerably from the last
:04:57. > :04:58.few months. This comes on the back few months. This comes on the back
:04:59. > :05:00.few months. This comes on the back of my a Jardine making statements
:05:00. > :05:00.of my a Jardine making statements of my a Jardine making statements
:05:01. > :05:02.of my a Jardine making statements that he will do whatever it takes
:05:02. > :05:12.that he will do whatever it takes that he will do whatever it takes
:05:12. > :05:13.
:05:13. > :05:14.that he will do whatever it takes -- Mario Draghi. The eurozone debt
:05:14. > :05:17.-- Mario Draghi. The eurozone debt -- Mario Draghi. The eurozone debt
:05:17. > :05:18.crisis could loom even larger. crisis could loom even larger.
:05:18. > :05:19.crisis could loom even larger. crisis could loom even larger.
:05:19. > :05:22.sounds like this Dell could be with sounds like this Dell could be with
:05:22. > :05:24.sounds like this Dell could be with us for some weeks. Had eating
:05:24. > :05:27.us for some weeks. Had eating us for some weeks. Had eating
:05:27. > :05:29.traders will behave between now and traders will behave between now and
:05:29. > :05:29.traders will behave between now and traders will behave between now and
:05:29. > :05:32.then? -- how do you think. Markets then? -- how do you think. Markets
:05:33. > :05:35.then? -- how do you think. Markets do not like uncertainty. The debt
:05:35. > :05:36.do not like uncertainty. The debt do not like uncertainty. The debt
:05:36. > :05:37.do not like uncertainty. The debt markets is the one area which will
:05:37. > :05:38.markets is the one area which will markets is the one area which will
:05:38. > :05:40.markets is the one area which will see the -- seed this take place.
:05:40. > :05:41.see the -- seed this take place. see the -- seed this take place.
:05:41. > :05:42.Italy is the third-largest economy Italy is the third-largest economy
:05:42. > :05:43.Italy is the third-largest economy Italy is the third-largest economy
:05:43. > :05:44.in the eurozone. It has a certain in the eurozone. It has a certain
:05:44. > :05:54.in the eurozone. It has a certain amount of power within the eurozone
:05:54. > :06:02.
:06:02. > :06:03.Thank you. We will keep you across Thank you. We will keep you across
:06:03. > :06:04.Thank you. We will keep you across Thank you. We will keep you across
:06:04. > :06:06.all of the market reaction on the all of the market reaction on the
:06:06. > :06:07.all of the market reaction on the BBC, to that major story.
:06:07. > :06:08.BBC, to that major story. BBC, to that major story.
:06:08. > :06:09.The boss of the ailing electronics The boss of the ailing electronics
:06:09. > :06:10.The boss of the ailing electronics group Sony has warned his workforce
:06:10. > :06:11.group Sony has warned his workforce group Sony has warned his workforce
:06:11. > :06:12.group Sony has warned his workforce of more hard times ahead. Nearly a
:06:12. > :06:13.of more hard times ahead. Nearly a of more hard times ahead. Nearly a
:06:13. > :06:14.of more hard times ahead. Nearly a year into his tenure as CEO, Kazuo
:06:14. > :06:15.year into his tenure as CEO, Kazuo year into his tenure as CEO, Kazuo
:06:15. > :06:16.year into his tenure as CEO, Kazuo Hirai said his staff needed to be
:06:16. > :06:17.Hirai said his staff needed to be Hirai said his staff needed to be
:06:17. > :06:18.Hirai said his staff needed to be as resolute as him to turn things
:06:18. > :06:19.as resolute as him to turn things as resolute as him to turn things
:06:19. > :06:20.around. He is speaking to our around. He is speaking to our
:06:20. > :06:21.around. He is speaking to our correspondent at the Mobile World
:06:21. > :06:22.correspondent at the Mobile World correspondent at the Mobile World
:06:22. > :06:24.Congress in Barcelona. He also said Congress in Barcelona. He also said
:06:24. > :06:25.Congress in Barcelona. He also said that success in the mobile industry
:06:25. > :06:34.that success in the mobile industry that success in the mobile industry
:06:34. > :06:35.Sony believes it has the history, Sony believes it has the history,
:06:35. > :06:36.Sony believes it has the history, the research capability, and the
:06:36. > :06:37.the research capability, and the the research capability, and the
:06:37. > :06:39.sheer marketing muscle to be a sheer marketing muscle to be a
:06:39. > :06:40.sheer marketing muscle to be a major player in mobile phones.
:06:40. > :06:42.major player in mobile phones. major player in mobile phones.
:06:42. > :06:43.major player in mobile phones. Right now, it has some attractive -
:06:43. > :06:44.Right now, it has some attractive - Right now, it has some attractive -
:06:44. > :06:46.- attractive handsets well reviewed - attractive handsets well reviewed
:06:46. > :06:47.- attractive handsets well reviewed - attractive handsets well reviewed
:06:47. > :06:49.by the critics. Despite all of that, by the critics. Despite all of that,
:06:49. > :06:50.by the critics. Despite all of that, by the critics. Despite all of that,
:06:50. > :06:52.it is struggling to make an impact it is struggling to make an impact
:06:52. > :06:53.it is struggling to make an impact it is struggling to make an impact
:06:53. > :06:54.or at a profit. I asked the chief or at a profit. I asked the chief
:06:54. > :06:56.or at a profit. I asked the chief executive Kazuo Hirai will what
:06:56. > :06:58.executive Kazuo Hirai will what exactly is going on. One of the
:06:58. > :06:59.exactly is going on. One of the exactly is going on. One of the
:06:59. > :07:00.biggest challenges we had in the biggest challenges we had in the
:07:00. > :07:01.biggest challenges we had in the biggest challenges we had in the
:07:01. > :07:02.past was the fact that our mobile past was the fact that our mobile
:07:02. > :07:04.past was the fact that our mobile business was based on a joint
:07:04. > :07:06.business was based on a joint venture. When the originally
:07:06. > :07:07.venture. When the originally venture. When the originally
:07:07. > :07:09.started the joint venture, both of started the joint venture, both of
:07:09. > :07:10.started the joint venture, both of the parent company's were relying
:07:10. > :07:11.the parent company's were relying the parent company's were relying
:07:11. > :07:15.the parent company's were relying on word -- were confused about the
:07:15. > :07:16.on word -- were confused about the on word -- were confused about the
:07:16. > :07:18.objectives. On the way, whether it objectives. On the way, whether it
:07:18. > :07:19.objectives. On the way, whether it is the use of older operating
:07:19. > :07:20.is the use of older operating is the use of older operating
:07:20. > :07:21.is the use of older operating systems of whether we need to go
:07:21. > :07:22.systems of whether we need to go systems of whether we need to go
:07:23. > :07:29.mass-market, we have taken more mass-market, we have taken more
:07:29. > :07:30.mass-market, we have taken more time to discuss rather than execute.
:07:30. > :07:31.time to discuss rather than execute. time to discuss rather than execute.
:07:31. > :07:33.time to discuss rather than execute. Where does mobile come for you? How
:07:33. > :07:34.Where does mobile come for you? How Where does mobile come for you? How
:07:34. > :07:36.Where does mobile come for you? How important is it? As far as the
:07:36. > :07:37.important is it? As far as the important is it? As far as the
:07:37. > :07:38.mobile business goes, especially in mobile business goes, especially in
:07:38. > :07:40.mobile business goes, especially in mobile business goes, especially in
:07:40. > :07:41.the consumer space, it is front and centre. If we're not in the
:07:42. > :07:42.centre. If we're not in the centre. If we're not in the
:07:42. > :07:44.smartphone Business 1 and Prasad, smartphone Business 1 and Prasad,
:07:44. > :07:46.smartphone Business 1 and Prasad, we're not in the game.
:07:46. > :07:47.we're not in the game. we're not in the game.
:07:47. > :07:50.PlayStation 4 launch last week, PlayStation 4 launch last week,
:07:50. > :07:52.PlayStation 4 launch last week, PlayStation 4 launch last week,
:07:53. > :07:54.where was sick on sale? It was not where was sick on sale? It was not
:07:54. > :07:55.where was sick on sale? It was not where was sick on sale? It was not
:07:55. > :07:56.there. -- where was the console? there. -- where was the console?
:07:56. > :07:57.there. -- where was the console? there. -- where was the console?
:07:57. > :07:58.there. -- where was the console? still have a long way to go for the
:07:58. > :07:59.still have a long way to go for the still have a long way to go for the
:07:59. > :08:01.actual product launch. They will be actual product launch. They will be
:08:01. > :08:02.actual product launch. They will be actual product launch. They will be
:08:02. > :08:03.a lot of opportunities for us to a lot of opportunities for us to
:08:03. > :08:04.a lot of opportunities for us to provide additional details on the
:08:05. > :08:06.provide additional details on the provide additional details on the
:08:06. > :08:08.PlayStation 4. It was not actually PlayStation 4. It was not actually
:08:08. > :08:09.PlayStation 4. It was not actually PlayStation 4. It was not actually
:08:09. > :08:10.a launch. We just talked about it. a launch. We just talked about it.
:08:10. > :08:11.a launch. We just talked about it. There'll be more information to
:08:11. > :08:13.There'll be more information to There'll be more information to
:08:13. > :08:15.come. It keeps people guessing and come. It keeps people guessing and
:08:15. > :08:17.come. It keeps people guessing and come. It keeps people guessing and
:08:17. > :08:18.that is a good thing. If there is that is a good thing. If there is
:08:18. > :08:19.that is a good thing. If there is that is a good thing. If there is
:08:19. > :08:21.one thing they do you still think one thing they do you still think
:08:21. > :08:21.one thing they do you still think one thing they do you still think
:08:22. > :08:25.it needs a lot of attention, what it needs a lot of attention, what
:08:25. > :08:26.it needs a lot of attention, what it needs a lot of attention, what
:08:26. > :08:27.is the number one thing? I think is the number one thing? I think
:08:27. > :08:28.is the number one thing? I think is the number one thing? I think
:08:28. > :08:30.the number one thing that I need to the number one thing that I need to
:08:30. > :08:32.the number one thing that I need to the number one thing that I need to
:08:32. > :08:34.continue to push our own is really continue to push our own is really
:08:34. > :08:35.continue to push our own is really to share and really convey the
:08:35. > :08:37.to share and really convey the to share and really convey the
:08:37. > :08:40.sense of urgency that I personally sense of urgency that I personally
:08:40. > :08:42.sense of urgency that I personally have to turn the company around.
:08:42. > :08:44.have to turn the company around. Especially the electronics business.
:08:44. > :08:45.Especially the electronics business. Especially the electronics business.
:08:45. > :08:47.And to make sure all 160,000 And to make sure all 160,000
:08:47. > :08:49.And to make sure all 160,000 employees at Sony around the world
:08:49. > :08:51.understand that. understand that.
:08:51. > :08:54.understand that. understand that.
:08:54. > :08:55.That was Kazuo Hirai, the CES of That was Kazuo Hirai, the CES of
:08:55. > :08:56.That was Kazuo Hirai, the CES of That was Kazuo Hirai, the CES of
:08:56. > :08:57.Sony. If you want more from the Sony. If you want more from the
:08:57. > :08:59.Sony. If you want more from the Mobile World Congress, then head to
:08:59. > :09:00.Mobile World Congress, then head to Mobile World Congress, then head to
:09:00. > :09:01.our website. Our technology show our website. Our technology show
:09:01. > :09:02.our website. Our technology show our website. Our technology show
:09:02. > :09:03.Click is also there. They will be Click is also there. They will be
:09:03. > :09:08.Click is also there. They will be demonstrating the new phones and
:09:08. > :09:09.demonstrating the new phones and In other news: Hewlett Packard has
:09:09. > :09:10.In other news: Hewlett Packard has In other news: Hewlett Packard has
:09:10. > :09:11.abandoned an attempt to develop its abandoned an attempt to develop its
:09:11. > :09:13.abandoned an attempt to develop its own operating software for mobile
:09:13. > :09:14.own operating software for mobile own operating software for mobile
:09:14. > :09:20.devices. Three years ago it paid devices. Three years ago it paid
:09:20. > :09:23.devices. Three years ago it paid devices. Three years ago it paid
:09:23. > :09:24.almost $2 billion to buy Palm. The plan was to use its software in see
:09:24. > :09:25.plan was to use its software in see plan was to use its software in see
:09:25. > :09:27.plan was to use its software in see a way in C D eight soft --
:09:27. > :09:28.a way in C D eight soft -- a way in C D eight soft --
:09:28. > :09:29.smartphone and tablet business. But smartphone and tablet business. But
:09:29. > :09:30.smartphone and tablet business. But smartphone and tablet business. But
:09:30. > :09:31.that strategy failed and now HP is that strategy failed and now HP is
:09:31. > :09:32.that strategy failed and now HP is selling the technology to South
:09:32. > :09:33.selling the technology to South Korea's LG Electronics.
:09:33. > :09:34.Korea's LG Electronics. Korea's LG Electronics.
:09:34. > :09:35.Korea's LG Electronics. Shares in US book seller Barnes and
:09:35. > :09:36.Shares in US book seller Barnes and Shares in US book seller Barnes and
:09:36. > :09:37.Shares in US book seller Barnes and Noble soared more than 11% in New
:09:37. > :09:38.Noble soared more than 11% in New Noble soared more than 11% in New
:09:38. > :09:39.York on Monday. That's after the York on Monday. That's after the
:09:39. > :09:40.company's founder and current company's founder and current
:09:40. > :09:41.chairman, Leonard Riggio, offered chairman, Leonard Riggio, offered
:09:41. > :09:45.chairman, Leonard Riggio, offered chairman, Leonard Riggio, offered
:09:45. > :09:46.to buy the firm's store and website. to buy the firm's store and website.
:09:46. > :09:48.to buy the firm's store and website. to buy the firm's store and website.
:09:48. > :09:49.It has 689 bookstores in 50 states. It has 689 bookstores in 50 states.
:09:49. > :09:51.It has 689 bookstores in 50 states. Rival Borders went out of business
:09:51. > :09:52.in 2011. in 2011.
:09:52. > :09:53.in 2011. in 2011.
:09:53. > :09:54.The New York Times is changing the The New York Times is changing the
:09:54. > :09:55.The New York Times is changing the name of the International Herald
:09:55. > :09:56.name of the International Herald name of the International Herald
:09:56. > :09:57.Tribune, ending 40 years of the Tribune, ending 40 years of the
:09:57. > :09:58.Tribune, ending 40 years of the brand. Under a relaunch later this
:09:58. > :09:59.brand. Under a relaunch later this brand. Under a relaunch later this
:09:59. > :10:00.brand. Under a relaunch later this year the paper will be called the
:10:00. > :10:01.year the paper will be called the year the paper will be called the
:10:01. > :10:02.International New York Times. Chief International New York Times. Chief
:10:02. > :10:03.International New York Times. Chief Executive Mark Thomson is hoping
:10:03. > :10:04.Executive Mark Thomson is hoping Executive Mark Thomson is hoping
:10:04. > :10:08.Executive Mark Thomson is hoping the move will help raise the number
:10:08. > :10:09.the move will help raise the number of international subscribers.
:10:09. > :10:14.of international subscribers. of international subscribers.
:10:14. > :10:15.of international subscribers. Now for a look at the markets. That
:10:15. > :10:17.Now for a look at the markets. That Now for a look at the markets. That
:10:17. > :10:18.is the close in the States. is the close in the States.
:10:18. > :10:20.is the close in the States. Piquancy the fall as it emerged
:10:20. > :10:21.Piquancy the fall as it emerged Piquancy the fall as it emerged
:10:21. > :10:26.Piquancy the fall as it emerged what happened in Italy. -- you can
:10:26. > :10:28.what happened in Italy. -- you can what happened in Italy. -- you can
:10:28. > :10:30.see. This is the current form. see. This is the current form.
:10:30. > :10:31.see. This is the current form. see. This is the current form.