:00:01. > :00:11.headlines from BBC World News. Now for the latest financial news in
:00:11. > :00:21.
:00:21. > :00:26.Making plastic fantastic - the EU plan to make it cheaper to pay by
:00:26. > :00:29.credit and debit cards. And three months on from the worst
:00:29. > :00:39.industrial disaster in Bangladesh's history - are garment workers any
:00:39. > :00:46.
:00:46. > :00:54.I'm Sally Bundock. In a minute, we'll find out why US farmers are
:00:54. > :00:56.announced proposals to cap credit and debit card processing fees. The
:00:56. > :01:00.plan clamps down on a multi-billion-euro revenue stream
:01:00. > :01:10.for banks but will it actually be good news for consumers? Philip
:01:10. > :01:11.
:01:11. > :01:15.Hampsheir has been finding out. When you are out on the high-street
:01:15. > :01:23.looking to use your credit debit cards, you do not think of the fees
:01:23. > :01:31.retailers pay for it except in them. The EU is purport -- proposing a. It
:01:31. > :01:36.will affect cross-border transactions. After two years, all
:01:36. > :01:40.payments with plastic will be subject to the. There are over 300
:01:40. > :01:48.different charging levels. The consumer or the retailer does not
:01:48. > :01:55.have this ability over what that charge will be. Until after you have
:01:55. > :01:58.already paid for the goods and they have processed the transaction.
:01:58. > :02:04.British retail Consortium says one of the main beneficiaries will be
:02:04. > :02:12.smaller high-street -- will be fought the small high-street
:02:12. > :02:17.retailers. Consumers may be left and little worse off by this new deal.
:02:17. > :02:21.This man is head of policy at the UK card Association. He says if the
:02:21. > :02:26.retailers are not paying the fee, consumers may find they will pay for
:02:26. > :02:32.it in other ways. Consumers are used to not having to pay for
:02:32. > :02:42.transactions, free banking. They are in the position where the revenue
:02:42. > :02:48.streams are altered. It reduces the compute -- contribution. It means
:02:48. > :02:53.consumers will experience the new fees for having cards and using
:02:53. > :03:00.them. The retailers think it will be compensated for by lower prices in
:03:00. > :03:02.shops. I believe it will result in cheaper prices in shops. The
:03:02. > :03:07.retailers will have greater visibility over their own costs.
:03:07. > :03:11.When they have a certainty, that means they can be as competitive as
:03:11. > :03:17.possible in placing. commission's plan is only a proposal
:03:17. > :03:23.so far. Whatever happens, customers with cards will I might do find
:03:23. > :03:27.themselves turned away. Those plans will be outlined by the EU today.
:03:28. > :03:37.How they will go about that? We will fill you in them get the
:03:37. > :03:40.information. This scene was all over our TV screens and newspapers in
:03:40. > :03:44.April. It was one of the worst industrial disasters in history.
:03:44. > :03:46.More than 1,100 people died. Three months on from the collapse of the
:03:46. > :03:50.Rana Plaza factory complex the debate on how to protect
:03:50. > :03:53.Bangladesh's remaining four million garment workers continues. Their
:03:53. > :03:59.employers and international retailers, such as Walmart and H&M,
:03:59. > :04:09.have promised to improve workers rights and safety. Mahfuz Sadique
:04:09. > :04:10.
:04:10. > :04:13.reports from Dhaka on their progress These workers depend on their jobs
:04:13. > :04:18.but the collapse of a nearby building in April has made many
:04:18. > :04:23.consider their safety. As a result, they have received Thomases and
:04:23. > :04:28.pledges from brand and government -- and the government. One of the key
:04:28. > :04:32.demand has been new legislation to protect the workers. Last week, the
:04:32. > :04:35.government responded. A new labour law was passed by various groups
:04:35. > :04:45.have said while it makes some improvements, the new law falls
:04:45. > :04:46.
:04:46. > :04:55.short. It is one law so far. It can be improved. It will take more
:04:55. > :04:59.time. In this moment, we are unable to allow more than this. We are
:04:59. > :05:06.unable to introduce outsider trading. Also making promises is the
:05:06. > :05:10.international labour organisation. Rana Plaza was not the first tragedy
:05:10. > :05:15.in Bangladesh. That have been dozens of incidents that have led to deaths
:05:15. > :05:25.and injuries. After the disaster, an initial assessment of a buildings
:05:25. > :05:29.
:05:29. > :05:39.have found most construction problems. Some 3500 factories that
:05:39. > :05:43.
:05:43. > :05:46.market we have been in touch with the departments. -- factories... In
:05:46. > :05:50.the aftermath of the worst industrial disaster in Bangladesh,
:05:50. > :05:58.there is concern as workers are finding out, we'll change on the
:05:58. > :06:03.ground takes time. What are the workers doing? This woman is a
:06:03. > :06:07.labour rights activist. She says a lot has been committed, many still
:06:07. > :06:17.remain at the policy level. But they are taking things into their own
:06:17. > :06:19.
:06:19. > :06:24.hands. They are saying, my factory not say. Until it is safe, I will
:06:24. > :06:30.not come back. Three months on, the after-shocks from the collapse of
:06:30. > :06:35.the Plaza can be felt at board rooms of governments. But workers at the
:06:35. > :06:44.clothing factories are yet to find out if the death of so many of their
:06:44. > :06:46.own will amount to real change. We are right in the thick of the
:06:46. > :06:50.earnings season. We have heard from a lot of companies. Apple profits
:06:50. > :06:54.fell by more than a fifth over the last three months. It made $6.9
:06:54. > :06:57.billion, down from the same period last year. But Apple shares jumped
:06:57. > :07:00.by 5% on the news that sales of its smartphones soared by 51%, that's
:07:00. > :07:10.much more than Wall Street estimates and eased concerns competition is
:07:10. > :07:12.
:07:12. > :07:15.hurting demand for its top selling product. Still customers opted for
:07:15. > :07:25.older models instead of its new iPhone five which meant Apple made
:07:25. > :07:25.
:07:25. > :07:28.less money on each phone sold. We will have to see what that means for
:07:28. > :07:31.the company in the future. Hummus is a familiar and traditional
:07:31. > :07:35.food throughout Europe and the Middle East, and now it's catching
:07:35. > :07:40.on in the US. In fact, the country's biggest hummus producer says it
:07:40. > :07:42.needs more chickpeas to keep pace with growing demand. That could be a
:07:42. > :07:44.lifeline for tobacco farmers in Virginia.
:07:44. > :07:54.They're struggling to make ends meet as government handouts shrink and
:07:54. > :07:57.
:07:57. > :08:01.more Americans stop smoking. James Brown has grown tobacco on his
:08:01. > :08:10.family farm for more than seven decades. In this part of Virginia,
:08:10. > :08:20.it is a way of life. Fewer people are smoking in the US. Chickpeas are
:08:20. > :08:25.now poised to be the new cash crop. Tobacco is a little expensive. You
:08:25. > :08:30.have to buy the gas, you have to buy a lot of things. You have to pay for
:08:30. > :08:36.the Labour. I think chickpeas are a little bit more cheap. They make
:08:36. > :08:42.more money. Farmer Brown is one of the first experiment with a new
:08:42. > :08:44.variety of chickpeas develop by researchers at Virginia State
:08:44. > :08:53.University to withstand the region's humid climate. That taste
:08:53. > :09:03.really good. I have never eaten a fresh chip people for. It is my
:09:03. > :09:09.
:09:09. > :09:13.first time ever. -- chip P -- chickpea before. Sales are expected
:09:13. > :09:23.to top $650 million a year. The company needs a local source of chip
:09:23. > :09:24.
:09:24. > :09:31.peace. You need to make sure you have enough. We want to make sure
:09:31. > :09:40.that market we want to reduce risk. We want to spread it. This is a tip
:09:40. > :09:47.-- typical Tobacco Ban. It is all on the wayside. William grew up on a
:09:47. > :09:51.tobacco farm. Like many others, he left the region to find work.
:09:51. > :09:55.Chickpea can be the catalyst to start a new cycle of people coming
:09:55. > :10:00.back to the land and growing chickpeas. One alike about it is
:10:00. > :10:07.that you do not have too put a lot on a. With so much riding on the
:10:07. > :10:10.success, he has become some ring of a leader. He spends a lot of his
:10:10. > :10:20.time encouraging other small farmers to give it a go. Definitely
:10:20. > :10:23.
:10:23. > :10:27.different. Does not appeal to me that much. But I will grow anything.
:10:27. > :10:30.This tobacco crop has been one of the best. Farmer Brown is not giving
:10:30. > :10:38.up on it just yet, but there may come a day when these Greenlees will
:10:38. > :10:44.be replaced by chip his. -- chickpeas.
:10:44. > :10:51.You heard it here. Let's have a look at the markets. They are digestive
:10:51. > :10:55.the latest news from China, about activities in factories. Shares in
:10:55. > :11:00.Shanghai are falling for the first time in three days. News show
:11:00. > :11:06.manufacturing weaken further in July for the 11th month in a row. It is