Browse content similar to 22/10/2013. Check below for episodes and series from the same categories and more!
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There is a report creating a backlash against the US. Those the | :00:00. | :00:00. | |
latest headlines from BBC World News. Now the latest financial | :00:00. | :00:00. | |
news. The sale of a national icon. The | :00:00. | :00:23. | |
board of Peugeot Citroen meet to decide the future of the company | :00:24. | :00:28. | |
part of that future could lie in China. Better late than never, we | :00:29. | :00:33. | |
get US jobs figures for September. 18 days later than expected due to | :00:34. | :00:43. | |
the US shutdown. Hello and a warm welcome. I'm Sally Bundock. Also in | :00:44. | :00:47. | |
the programme, property prices climb in China stoking fears that the | :00:48. | :00:52. | |
government is poised to create measures to contain the market. | :00:53. | :00:57. | |
Letters talk about Peugeot Citroen. It lurches from crisis to crisis. `` | :00:58. | :01:05. | |
let pass. Like its rivals it hopes to develop | :01:06. | :01:09. | |
and sell cars in growing markets such as China. But that takes money | :01:10. | :01:15. | |
and they are losing more than 3 million euros every day. Later today | :01:16. | :01:19. | |
the company 's board is meeting and on the table is a deal to send | :01:20. | :01:26. | |
stakes to China's Dong Feng and the French government. Any deal will | :01:27. | :01:30. | |
come too late for workers at the plant outside Paris. We caught up | :01:31. | :01:35. | |
with some of the 11,000 workers who will lose their jobs when it closes. | :01:36. | :01:41. | |
This was a factory. The only plant in northern Paris. | :01:42. | :01:46. | |
Once they made 700 cars per day. It is grinding to a halt. Only a few | :01:47. | :01:51. | |
hundred remain, angry and bitter. In a few months they will have left, | :01:52. | :01:55. | |
victim survey collapsing market and decisions. Hope has gone. But at the | :01:56. | :02:04. | |
top they are making plans. It is against this background of job cuts, | :02:05. | :02:08. | |
closures, haemorrhaging cash that the board meets at the Paris | :02:09. | :02:13. | |
headquarters. The company is not saying anything other than they are | :02:14. | :02:18. | |
looking at a number of potential unnamed strategic and commercial | :02:19. | :02:27. | |
partnerships. The buzz says it is a 1.5 billion euro injection of cash | :02:28. | :02:33. | |
from Dong Feng and possibly a similar injection by the French | :02:34. | :02:38. | |
state. The company needs cash and urgently in order to develop its | :02:39. | :02:43. | |
manufacturing in the markets it is neglecting, that is Asia and South | :02:44. | :02:48. | |
America. Today the only people with the money to invest are the Chinese. | :02:49. | :02:55. | |
It would be a huge strategic step affecting control of what free | :02:56. | :02:59. | |
century has been a flagship of French industry. For the workforce | :03:00. | :03:04. | |
it does not make a huge difference who is at the helm. TRANSLATION: The | :03:05. | :03:09. | |
fact that it is the Chinese is irrelevant. Workers are workers. Do | :03:10. | :03:14. | |
not try to scare as with the Chinese. The real problem is that | :03:15. | :03:20. | |
one side you have stockholders who want more and more and a greater | :03:21. | :03:25. | |
dividends and at the other you have workers sent to the scrapheap. That | :03:26. | :03:29. | |
is the problem. This week, symbolically, sees the rollout of | :03:30. | :03:34. | |
the last ever car. The rescue package, if it comes, will have no | :03:35. | :03:42. | |
impact here. New house prices in China's four major cities saw record | :03:43. | :03:49. | |
rises in the month of September. In the manufacturing hubs they | :03:50. | :03:53. | |
climbed as much as 20%. We go to Rico Hizon for the details. Phil | :03:54. | :04:04. | |
Arsene. Prices going up and up? `` feel asks Ian. The rapidly rising | :04:05. | :04:10. | |
house prices show that the property sector plays an important role in | :04:11. | :04:16. | |
supporting the mainland 's fragile economic growth despite government | :04:17. | :04:19. | |
measures to calm the markets over the past three years, many mainland | :04:20. | :04:25. | |
investors still have a strong view that property remains one of their | :04:26. | :04:28. | |
best investment options. Home prices are the most since | :04:29. | :04:38. | |
January 2011. Beijing rose 16%. 17% in Shanghai. A sharp increase in | :04:39. | :04:43. | |
lending in the first half of the year combined with a relaxation of | :04:44. | :04:48. | |
strict controls on home purchases in some cities has played a part in | :04:49. | :04:52. | |
boosting sales and pushing prices higher. In the meantime, shares are | :04:53. | :05:00. | |
falling in China and this is in direct reaction to this news, isn't | :05:01. | :05:03. | |
it? It boils down to fear. Because of these price surges that could | :05:04. | :05:09. | |
lead to a sharp correction in prices sooner rather than later. They | :05:10. | :05:13. | |
believe the government would have to impose tighter controls to bring | :05:14. | :05:17. | |
prices in line with incomes. Analysts believe there would be no | :05:18. | :05:25. | |
major policy moves before October. With rapidly rising house prices | :05:26. | :05:35. | |
tighter controls before the end of the year. Thank you very much. Let | :05:36. | :05:44. | |
us now take a look at what is going on in the United States. 18 days | :05:45. | :05:47. | |
later than planned we will get a snapshot of the US labour market. | :05:48. | :05:53. | |
Firms are thought to have hired an extra 180,000 people in September. A | :05:54. | :05:58. | |
sign of moderate growth. Less than the 200,000 needed to replace jobs | :05:59. | :06:04. | |
lost in the recession. The release was delayed due to the US government | :06:05. | :06:09. | |
shutdown as number crunchers were sent home. | :06:10. | :06:15. | |
Every month America's central bank decides how to steer the world's | :06:16. | :06:21. | |
biggest economy by looking at layers of economic data. Because of the | :06:22. | :06:26. | |
recent government shutdown the picture is now blurred. The most | :06:27. | :06:31. | |
important of all is the data on the labour market. During the recession | :06:32. | :06:37. | |
the economy lost nearly 9 million jobs and only three quarters of them | :06:38. | :06:41. | |
have been recovered. The Federal reserve wants to make sure that the | :06:42. | :06:47. | |
labour market across the country has improved enough before starting to | :06:48. | :06:51. | |
withdraw stimulus measures. The release of the crucial Jobstart was | :06:52. | :06:56. | |
delayed by nearly three weeks by the government shutdown. We are just | :06:57. | :07:02. | |
going to start getting the data for September and it will roll in over | :07:03. | :07:08. | |
the next several weeks. Then the collection of October data has also | :07:09. | :07:12. | |
been delayed. Agencies are scrambling to collect the data for | :07:13. | :07:16. | |
October. That will also be released with a delay. It will not be until | :07:17. | :07:23. | |
we get the November date in December that everything will be normalised. | :07:24. | :07:29. | |
That, Casey task of the Federal reserve. It starts the next policy | :07:30. | :07:35. | |
meeting in one week. Many economists are expected to remain cautious in | :07:36. | :07:39. | |
Chart site `` pumping cheap money into the economy. | :07:40. | :07:46. | |
Facebook is allowing videos and pictures which are people being | :07:47. | :07:50. | |
decapitated and other graphic violence to be posted on its site | :07:51. | :07:56. | |
again. The site introduced a temporary ban earlier this year | :07:57. | :07:59. | |
after complaints that the pictures caused psychological damage. The | :08:00. | :08:04. | |
company has confirmed it believes its users should be free to watch | :08:05. | :08:14. | |
and condemn the videos. They join the Brazilian company to | :08:15. | :08:21. | |
get rights to the lever oil fields. They won 35 year concessions. The | :08:22. | :08:31. | |
option has been hugely controversial and there have been the market for | :08:32. | :08:38. | |
tablet computers has become increasingly competitive. | :08:39. | :08:44. | |
A demand for small and lower`priced tablets as set a demand for PCs. The | :08:45. | :08:53. | |
iPad five will be released in San Francisco later today. They are | :08:54. | :08:57. | |
trying to fend off a growing list of competitors. One of those is no key. | :08:58. | :09:02. | |
Note here is holding a world press event in Abou Diaby. `` Nokia. As | :09:03. | :09:13. | |
ever, an awful lot going on. A mixed picture in the financial markets. | :09:14. | :09:16. | |
picture in the China is having a tough time. | :09:17. | :09:23. | |
One of the reasons we are seeing some negativity is not flat trade is | :09:24. | :09:30. | |
because of what is coming out later in the United States. The jobless | :09:31. | :09:34. | |
news reminds us all that we are wondering when the Federal reserve | :09:35. | :09:37. | |
will begin to exit its stimulus strategy. That is the close in the | :09:38. | :09:43. | |
United States. A big movie today is China Mobile. Its shares have | :09:44. | :09:50. | |
dropped 3.6%. I will see you soon. The government will introduce | :09:51. | :10:07. | |
measures to claw back half ?1 billion per year for the NHS eye at | :10:08. | :10:13. | |
preventing health tourists were using services for free. Some | :10:14. | :10:16. | |
overseas visitors will be charged with treatment. Doctors say it will | :10:17. | :10:21. | |
be difficult to implement. Working out just how much is spent | :10:22. | :10:25. | |
by the NHS on treating overseas visitors has proved to be | :10:26. | :10:28. | |
complicated. | :10:29. | :10:29. |