:00:02. > :00:06.than 50 people dead. Those are the latest headlines from BBC world
:00:06. > :00:16.news. It is now time the latest natural news, here is the World
:00:16. > :00:27.
:00:27. > :00:32.new record, as austerities meshes pull the economy deeper into
:00:32. > :00:41.recession. Plus, surviving the post- PC world. A major shakeup expected
:00:41. > :00:46.at Microsoft. Hello, and welcome. You are with World Business Report.
:00:46. > :00:56.Also in the programme, markets are suggesting the latest comments from
:00:56. > :00:56.
:00:57. > :01:00.Japan. First, we start in Greece were a bitter debate over austerity
:01:00. > :01:06.measures could be further inflamed this morning, buy more evidence of
:01:06. > :01:10.the country's economic crisis deepening. Official figures are
:01:10. > :01:20.expected to show that the jobless rate has risen to an other record
:01:20. > :01:22.
:01:22. > :01:28.high. Up until March, produce 7.4% was the average jobless rate. And
:01:28. > :01:31.for young people, it was almost 65%.
:01:31. > :01:35.They may still love their country, but it can't provide them with a
:01:36. > :01:43.living. The crushing burden of keeping international lenders on
:01:43. > :01:53.side has played havoc with young people's futures. For young men, the
:01:53. > :02:00.need for military service often complicates. But the inability in
:02:00. > :02:03.Greece for the government to make use of international funds, means
:02:03. > :02:06.there is little choice. Young people have to take their skills abroad or
:02:06. > :02:12.face the prospect of staying at home, supported by their parents,
:02:12. > :02:19.for the foreseeable future. These young people are facing up to their
:02:19. > :02:24.stark choices this summer. This meant trained as a land surveyor,
:02:24. > :02:29.planning to join his fathers business. He is set to join the
:02:29. > :02:35.exodus of 120,000 young people, to Dalton Europe. My father doesn't
:02:35. > :02:40.have worked to give to me. I will not stay here, I will go broke. Will
:02:40. > :02:50.go to Holland, or the UK. Don't think I could find work here in
:02:50. > :02:55.Greece. Maria, has catering skills and studied tourism. But, at 25, she
:02:55. > :03:02.says she is stuck, unable to leave home or rent anywhere or marry her
:03:02. > :03:12.boyfriend, who works away. I am 25. If I want to rent a car, stay with
:03:12. > :03:12.
:03:12. > :03:15.my boyfriend, it doesn't matter. I have to give them 300 a month, and
:03:15. > :03:24.another 200 for food, or electricity, for everything. And
:03:24. > :03:30.now, in Greece, 500 euros is a good salary. The worry is, that the
:03:30. > :03:33.organised opposition could escalate into strikes and riots. The kind
:03:33. > :03:43.that brought down the previous government. This dentist told me
:03:43. > :03:44.
:03:44. > :03:50.that. When you are angry, you don't make clear political thoughts. We
:03:50. > :03:56.have to remember that in cases of social crisis, fascism is in the
:03:56. > :04:06.corner. What we are experiencing now is more difficult and change in the
:04:06. > :04:08.
:04:08. > :04:18.country. Before the Deputy Mayor and MEP, it won't improve until Germany
:04:18. > :04:19.
:04:19. > :04:29.right -- bites the bullet, he COMMENTATOR: . It starts with a
:04:29. > :04:35.
:04:35. > :04:39.Greek political system radically changing. For Greece as lenders,
:04:39. > :04:49.more state job cuts are a sign that the country is finally taking its
:04:49. > :04:49.
:04:49. > :04:53.medicine. The price its people are paying is higher than ever.
:04:53. > :04:59.Now to the world of technology, where a major shakeup is expected
:04:59. > :05:04.later today at Microsoft. The software giant has been struggling
:05:04. > :05:08.with declining demand for personal computers. We are now doing far more
:05:08. > :05:12.of our computing on mobile devices, an area Microsoft was late to get
:05:12. > :05:21.into. So, as if to underline the challenge for Microsoft, Gartner
:05:21. > :05:29.said last night that decline in PC sales was 10.9%. The sale of tablet
:05:29. > :05:35.computers continue to soar, and is expected to rise 68% this year. PCs
:05:35. > :05:40.are also suffering in emerging markets, such as China. Inexpensive
:05:40. > :05:47.tablets have become the first computing device for many. So what
:05:47. > :05:51.can Microsoft do? You feel like Microsoft is constantly on the back
:05:51. > :05:58.foot. Today we are expecting the big announcement, what are they going to
:05:58. > :06:03.say? They are probably going to shake up divisions, move people
:06:03. > :06:07.around and try and focus on getting into the mobile market. Cloud
:06:07. > :06:13.Computing is expected to be a big element of today's announcements.
:06:13. > :06:21.Cloud Computing is like a utility. We buy water, electricity, gas. We
:06:21. > :06:26.now buy cloud. It is sold like water meters. Microsoft wants people to be
:06:26. > :06:31.constantly paying bills to them. Microsoft is providing cloud
:06:31. > :06:37.infrastructure and delivering its own infrastructure over the cloud,
:06:37. > :06:42.rather than going to the store and buying a box. In terms of the shape
:06:42. > :06:46.of management, tell us more about that. Well, for example, box
:06:46. > :06:53.products like Microsoft office, it used to be part of a division. Think
:06:53. > :06:58.they might use the whole office team into the cloud division, and put
:06:58. > :07:05.someone who is more used to infrastructure than software in
:07:05. > :07:09.charge of it. Will it help Microsoft get ahead of the game again? In
:07:09. > :07:19.terms of value to shareholders, Microsoft has delivered constant
:07:19. > :07:20.
:07:20. > :07:27.growth, and returns. It is interesting that Steve Ballmer, the
:07:27. > :07:33.CEO, talked about devices and services. Traditionally, Microsoft
:07:33. > :07:38.hasn't done well in devices in its core enterprise business, so we will
:07:38. > :07:47.have to see what new devices it brings along. Bank if your
:07:48. > :07:55.thoughts. As we hear from Microsoft, we will keep you updated. The Bank
:07:55. > :08:00.of Japan has just wrapped up its monthly meeting. The market is very
:08:00. > :08:07.sensitive to what central banks are up to. The central bank in the
:08:07. > :08:13.States has been talking as well. Absolutely, markets move right now
:08:13. > :08:19.with statements that include words like" economic stimulus" and" bond
:08:19. > :08:23.buying" . The Bank of Japan kept monetary policy steady but
:08:23. > :08:29.offsetting it you have the Bank of Japan offering a more optimistic
:08:29. > :08:34.view due to the positive effects of a weak yen and the governments
:08:34. > :08:40.inflationary policies. The US Federal bank chairman promised to
:08:40. > :08:46.continue to stimulate the economy. This is currently inspiring Asian
:08:46. > :08:51.stock markets overall. About 2% has been added in mid-morning trade.
:08:51. > :08:57.Chinese stocks are at three-week highs. The statement was basically
:08:57. > :09:04.calming investors here in the region, who were dismayed by his
:09:04. > :09:08.comments last week that the Federal reserve would slow their investment.
:09:08. > :09:16.On the flipside, some investors are quite unsettled by China's sharp
:09:16. > :09:22.fall in exports, suggesting an economic slowdown. We will show you
:09:22. > :09:26.the numbers for the markets in a moment. Wage negotiations at South
:09:26. > :09:29.Africa's goldmines start today, and a tense time for the industry. The
:09:29. > :09:33.price of precious metals has fallen sharply and mining firms have been
:09:33. > :09:38.under pressure to cut costs. There have been strikes and riots across
:09:38. > :09:43.the mining industry over pay and job cuts. The president of Portugal has
:09:43. > :09:50.approved a government reshape -- reshuffle. It was sparked by the
:09:51. > :09:55.resignation of two ministers. The President urged major parties to
:09:55. > :09:58.reach an agreement on holding elections from June next year. And
:09:58. > :10:01.international bailout programme will expire then. Apple has been found
:10:01. > :10:05.guilty of getting together with five different publishers to raise the