:00:04. > :00:14.governing party. Those are the latest headlines. Now it is time for
:00:14. > :00:27.
:00:27. > :00:33.World Business Report. She and Yahoo have climbed by 70% since Marissa
:00:33. > :00:40.Mayer took the helm. -- shears and Yahoo. It is now set to report the
:00:40. > :00:50.results. Thousands of workers prepared to take to the streets in
:00:50. > :00:51.
:00:51. > :01:00.Greece in protest against austerity measures. Hello and welcome to the
:01:00. > :01:07.programme. Also coming up: A new twist in wage negotiations between
:01:07. > :01:11.unions and minors in South Africa. First, it has been one years since
:01:11. > :01:17.Yahoo hired Marissa Mayer from Google. It was a surprise
:01:17. > :01:25.announcement at the time. Today, her ability to turn the company around
:01:25. > :01:31.will be assessed. It has been a busy 12 months. She has been on a major
:01:31. > :01:36.shopping spree since her start date, one year ago tomorrow. Yahoo
:01:36. > :01:40.has also staggering 16 start-up companies. Sometimes they have
:01:40. > :01:49.announced two purchases in a single day was six over the course of a
:01:49. > :01:59.month. Quite a list. You will recognise some of these names. The
:01:59. > :01:59.
:01:59. > :02:03.biggest acquisition to date, thanks to Nick D'Aloisio, is Summly. He
:02:03. > :02:12.created the application when he was just 15 years old. Then the company
:02:12. > :02:17.purchased Tumblr, the biggest purchase so far. They paid $1.1
:02:17. > :02:24.billion in cash for the social blogging site. Investors must think
:02:24. > :02:34.she is doing something right. The company has risen in value is 70% in
:02:34. > :02:35.
:02:35. > :02:40.the last year. Let's talk about this some more. Good to see you, Larry.
:02:40. > :02:45.What do you think people will be saying about Marissa Mayer? The
:02:45. > :02:48.results are not expected to be spectacular today. I do not think
:02:48. > :02:55.the results will be spectacular today but the increase in the stop
:02:55. > :03:02.price has been good. -- stock. A lot of it has to do with Marissa Meyer
:03:02. > :03:07.herself. She is very well liked. She spent a lot of time at Google, as
:03:07. > :03:13.many of your viewers will know. She did a great job there. She has
:03:14. > :03:23.brought a lot of confidence in the company. She has given it more of a
:03:23. > :03:31.youthfulness. She is relatively young as chief executive 's goal. --
:03:31. > :03:36.as chief executive score. They are trying to get a younger audience. I
:03:36. > :03:44.think her image is good. The results are not as spectacular as some might
:03:45. > :03:49.hope. What about the move to say to employees that they could not work
:03:49. > :03:57.from home any more and they needed to be in the office. The idea was
:03:57. > :04:07.that David Shearer more ideas. -- they would Shearer ideas. This was
:04:07. > :04:09.
:04:09. > :04:16.meant to reduce the headcount. It did with some staff of. I am a big
:04:16. > :04:20.believer in the working from home. There is a certain synergy about
:04:20. > :04:24.being in the office and I think a lot of employees, even though they
:04:24. > :04:31.were not happy at the time, they have now said that they like the
:04:31. > :04:38.idea. I did not like the idea initially but there is something to
:04:38. > :04:43.be said for it. It is about getting car is back in the parking lot,
:04:43. > :04:49.people in the cafeteria. She is giving people free food now, as is
:04:49. > :04:55.the case at Google. That was not the case before. She is trying to get
:04:55. > :05:03.the morale up. That is working. She has done good in surveys. Thank you
:05:03. > :05:10.for your time. We are looking at Marissa Mayer's
:05:10. > :05:17.first year at Yahoo. How has she done so far? It is an interesting
:05:17. > :05:20.story. Moving on, this is a familiar sight in Greece. Union leaders are
:05:21. > :05:25.increasing pressure on the government. Transport and public
:05:25. > :05:31.services are likely to be brought to a halt today as the main unions:
:05:31. > :05:35.general strike. In are pulled workers are already on strike. --
:05:35. > :05:43.main unions are going on strike. Municipal workers are already on
:05:43. > :05:49.strike. This week, the police became the latest state workers to join the
:05:49. > :05:54.resistance to job cuts. They are being made by order of the
:05:54. > :05:58.exasperated international austerity committees. Police and others civil
:05:58. > :06:04.servants are being moved to a mobility pool. They will have eight
:06:04. > :06:12.months to find other work or face the sack. Many are hearing of their
:06:12. > :06:17.feet if the day. -- hearing what will happen everyday. TRANSLATION:
:06:17. > :06:27.there was already unemployment in our family. What job is the for me
:06:27. > :06:31.to do at my age? Ordinarily Greeks are split down the middle. 20% of
:06:31. > :06:38.all Greek workers are still in state jobs. Their wages are a heavy board
:06:38. > :06:46.and for taxpayers. -- Eddie Burton. Many people do not choose to join
:06:47. > :06:51.the protest. Events so far have punished private employers,
:06:51. > :07:01.according to this man. He believes state workers are protected by the
:07:01. > :07:02.
:07:02. > :07:12.politicians. The public sector is not doing well. The are not looking
:07:12. > :07:18.after the private sector. It is collateral damage. A lot of
:07:19. > :07:23.unemployment coming from the public sector. How can this happen? This
:07:24. > :07:29.could only happen because it was accepted by the troika. The impact
:07:29. > :07:36.of the shutdown has already been seen on the streets. They is
:07:36. > :07:41.pressure on Parliament to think again about the state job cuts. A
:07:41. > :07:50.major shakeup in the mining industry. Lonmin in South Africa
:07:50. > :07:56.says it will no longer recognise the National union. They are affiliated
:07:56. > :08:03.with the ruling Congress. The Prime Minister is hoping this will prevent
:08:03. > :08:12.a repeat of violent clashes from last year. What is at stake here?
:08:12. > :08:21.Good morning. What is going on? There is another union that Lonmin
:08:21. > :08:25.is no possibly going to talk to in more detail. Yes. This union really
:08:25. > :08:35.made a name for itself last year. It was often achieved through wildcat
:08:35. > :08:37.
:08:37. > :08:44.strikes. They have been achieving higher than expected wage increases.
:08:44. > :08:51.They are not necessarily affiliated with the ruling ANC in South Africa.
:08:51. > :08:54.When it comes to the government playing a more proactive role,
:08:54. > :09:04.stealing negotiations in a direction where agreement will be easier, it
:09:04. > :09:05.
:09:05. > :09:10.is very adept. As you say, it has been successful in terms of getting
:09:10. > :09:16.better deals. It has attracted more members, hasn't it? It is the
:09:16. > :09:25.dominant union. It has a 17% membership in the gold sector as
:09:25. > :09:35.well. The more successful they are in securing these agreements, the
:09:35. > :09:45.more likely they will achieve more agreement. There have been proposals
:09:45. > :09:49.
:09:49. > :09:58.for them to go on strike. They are becoming the dominant union. That
:09:58. > :10:03.has led to more uncertainty. We will keep an eye on what this means. Wage
:10:03. > :10:13.ago she agents are continuing. A quick look at the markets. Quite a
:10:13. > :10:13.