:00:00. > :00:04.being held by rebels. Those are the being held by rebels. Those are the
:00:04. > :00:20.latest headlines. Now we are looking at financial news.
:00:20. > :00:27.The man who steered the world's second largest economy, the Chinese
:00:27. > :00:38.iPhones. Will it work the mass Premier Li Keqiang
:00:38. > :00:49.iPhones. Will it work the mass market in China? —— woo.
:00:49. > :00:53.will focus on the rebirth of the iconic London black cab. First,
:00:53. > :00:54.here's the man who steered the world's second biggest economy and
:00:54. > :01:02.in a few hours the Chinese Premier in a few hours the Chinese Premier
:01:02. > :01:05.Li Keqiang will make us key at the World Economic Forum. At the top of
:01:06. > :01:07.the agenda will be sustaining Chinese growth. There will be a
:01:07. > :01:11.range of other issues such as range of other issues such as
:01:11. > :01:20.reining in a bad bank loans, government debt, and corruption. We
:01:20. > :01:26.more about what he is likely to say. more about what he is likely to say.
:01:26. > :01:30.The Premier is due to speak in about five hours for his official part in
:01:30. > :01:38.the programme that is an official, in formal part in the World Economic
:01:38. > :01:42.Forum started last night when he spoke without 200 executives around
:01:42. > :01:44.the world. He spoke to them for about two hours. He took a number of
:01:44. > :01:49.questions. He was grilled about the questions. He was grilled about the
:01:49. > :01:53.Numbers at China were very weak in Numbers at China were very weak in
:01:53. > :01:59.the first six months of the year. One executive described that as
:01:59. > :02:03.being quite hopeless. Last night he was more optimistic, saying numbers
:02:03. > :02:07.coming out of August have seemed to have led to an uptake. People are
:02:07. > :02:15.now saying that the Chinese growth seems to be stabilising. He also
:02:15. > :02:24.took questions about refining shall reform. He didn't give very specific
:02:24. > :02:25.answers about about allowing the currency to float more freely. ——
:02:25. > :02:31.financial reform. We'll have to financial reform. We'll have to see
:02:31. > :02:39.gaining more prominence globally. It Tell us
:02:39. > :02:41.gaining more prominence globally. It is now known as the summer economic
:02:41. > :02:53.want to showcase. One company that I world foreign. What else is going
:02:53. > :02:57.want to showcase. One company that I will be speaking to actually puts a
:02:57. > :03:03.barcode is into things like drugs counterfeits. Thank you. We will
:03:03. > :03:21.see if what you are speak here again later on.
:03:21. > :03:35.Now, everybody is talking about it again. Apple has been unveiling new
:03:35. > :03:38.products, to iPhones. The cheaper product comes with a plastic back in
:03:38. > :03:47.a choice of colours. It is and it increasing Apple's share in emerging
:03:47. > :03:51.markets. We speak to our markets. We speak to our
:03:51. > :03:54.correspondent in San Francisco. There's so much excitement about
:03:54. > :04:00.these events but now we have heard what are offering, what people
:04:00. > :04:03.saying their latest decisions? Largely it has been a feeling of
:04:03. > :04:16.disappointment. Many of the details of the handsets were rumoured as it
:04:16. > :04:20.what was announced was not more than what was announced was not more
:04:20. > :04:25.what was expected. There was no real what was expected. There was no real
:04:25. > :04:28.magic aside from the two handsets. The handsets are interesting. The
:04:28. > :04:32.iPhone five hours, the premium handset it has a few interesting
:04:32. > :04:36.technologies, it has a fingerprint reader which allows the user to
:04:36. > :04:38.authenticate themselves by touching the home button or in fact for
:04:38. > :04:43.making purchases for example on the making purchases for example on the
:04:43. > :04:45.iTunes store. It has a very fast processor and an enhanced camera.
:04:45. > :04:49.These are all the bells and These are all the bells and
:04:49. > :04:53.whistles. The 64—bit architecture, the processing side, it may prove to
:04:53. > :04:59.be a long—term game changer that will allow richer
:04:59. > :05:01.people playing games, and also other applications coming onto
:05:01. > :05:13.There was no different form factor. There was no major surprise. On the
:05:13. > :05:19.iPhone 5C, it is in five colours and the specifications are
:05:19. > :05:20.much the same as the current iPhone five. Largely, I think it was a
:05:20. > :05:26.of a damp release. Do you get a of a damp release. Do you get a
:05:26. > :05:33.sense that they are rare thing, on the back foot, not catching up on
:05:33. > :05:38.innovation. Tell us about these rumours that they are perhaps poised
:05:38. > :05:40.to deal with China Mobile. They would be a significant move, a mass
:05:40. > :05:46.market. The rumours have been market. The rumours have been
:05:46. > :05:49.circulating for some time. The deal was announced, and we have heard it
:05:49. > :05:50.probably won't be announced, the deal would have been with China
:05:51. > :05:58.Mobile which is a staggering 745 Mobile which is a staggering 745
:05:58. > :06:09.million subscribers. It would have represented a massive opportunity
:06:09. > :06:12.for Apple. There are still many million consumers but the China
:06:12. > :06:24.Mobile deal would have been a huge opportunity for them. It is perhaps
:06:24. > :06:26.an opportunity missed. The camera in the 64—bit architecture are good but
:06:26. > :06:27.they are facing stiff condition from they are facing stiff condition from
:06:27. > :06:33.some kind —— some some kind —— some Chinese
:06:33. > :06:39.technology. It will be a real technology. It will be a real
:06:39. > :06:48.struggle for them to break through. Thank you for your reaction.
:06:48. > :06:59.It is a really bad day for the makers of the iconic London black
:06:59. > :07:13.West Midlands in Britain. Lines were West Midlands in Britain. Lines
:07:13. > :07:17.troubles pushing the company into stalling production. Our
:07:17. > :07:26.correspondent has gone to the new plant. Back from the brink and on
:07:26. > :07:29.the role. After the recall in the financial edge, this SME line is now
:07:30. > :07:36.set to make 700 of black cabs by the end of year. Since
:07:36. > :07:42.the 1940s, successive models of these craftsmen made Coventry with
:07:42. > :07:48.their tight turning circle is have been a mainstay of central London's
:07:48. > :07:50.transport system. These begin to change several years ago when Volvo
:07:50. > :07:56.bought 20% of the London taxi bought 20% of the London taxi
:07:56. > :08:07.company. They found ready market for an built version. The company has to
:08:07. > :08:12.during the production haters, Nissan during the production haters, Nissan
:08:12. > :08:19.have been developing fuel saving alternatives to the iconic T X four.
:08:20. > :08:27.The company is convinced they can beat the competition. The company
:08:27. > :08:30.had that problem. We are now part of a major Chinese midget manufacturer.
:08:30. > :08:33.It gives us more financial power. It gives us more financial power. It
:08:33. > :08:34.It gives us? I It gives user. It It gives us more financial power. It
:08:34. > :08:39.is a stability to address the is a stability to address the
:08:39. > :08:42.problems we have had in the past. I am confident the quality of the cab
:08:42. > :08:46.coming off the line today is better than it has ever been. Many doubted
:08:46. > :08:50.that of the larger the end of the tunnel for an independent London
:08:50. > :08:53.taxi company. Now, it has turned a corner with promising new, and even
:08:53. > :08:54.talk with a brand—new factory on corner with promising new, and even
:08:54. > :09:04.larger site. larger site.
:09:04. > :09:12.Don't we just love those re—emerging stories, a company back on track.
:09:12. > :09:17.A case will be reopened on an industrial park that was shot five
:09:17. > :09:27.months ago. A marathon negotiation session was held overnight.
:09:27. > :09:38.Operations should vision at the site. Oil prices have
:09:38. > :09:45.Syria. The price for West Texas intermediate reek crude went down
:09:45. > :09:52.strike. It would mean that Syria would have to surrender
:09:52. > :09:59.pause and markets. Japan is still doing well. The week yen is helping
:09:59. > :10:05.Japan. The markets have had such a strong run that there is a bit of
:10:05. > :10:08.profit—taking today. Apple shares fell down of the 2% yesterday. We
:10:08. > :10:09.will look at the fell down of the 2% yesterday. We
:10:09. > :10:11.moment.