24/10/2013

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:00:00. > :00:16.latest headlines from BBC World News. Now for the latest financial

:00:17. > :00:19.news with world Business Report. A grim anniversary ` it's six months

:00:20. > :00:24.since 1,100 people were killed when the Rana Plaza factory complex

:00:25. > :00:28.collapsed in Bangladesh. We assess what if anything has changed.

:00:29. > :00:32.Microsoft's set to reveal record earnings today but what investors

:00:33. > :00:38.really want to know is who will take over as CEO when Steve Ballmer

:00:39. > :00:48.leaves next year. We look at the candidates. Welcome to world

:00:49. > :00:51.Business Report. I'm Sally Bundock. Also in the programme, China's

:00:52. > :00:55.manufacturers have just had a bumper month. We'll have the latest details

:00:56. > :00:58.on that But first, it was one of the worst workplace disasters in

:00:59. > :01:06.history. More than 1,100 people were killed when the Rana Plaza factory

:01:07. > :01:13.complex collapsed in Bangladesh. It was six months ago to the day.

:01:14. > :01:16.Walmart, Benetton and Primark were just some of the big name retailers

:01:17. > :01:18.whose garments were made on the premises. Talks over compensation

:01:19. > :01:21.for staff and their families continue, Primark is expected to

:01:22. > :01:23.confirm today it will extend its deal for workers from six to nine

:01:24. > :01:31.month's salary. That's the equivalent of $350 for every single

:01:32. > :01:34.worker. In his first BBC interview, Paul Lister, head of corporate

:01:35. > :01:36.governance, told Simon Jack that Primark accepted full responsibility

:01:37. > :01:47.for the staff working on its products and was working towards

:01:48. > :01:51.improving safety and conditions. We were sourcing out of one factory on

:01:52. > :02:00.the second floor of the eight story building. We knew we were there. We

:02:01. > :02:07.knew we accepted responsibility for those workers. This is a primer

:02:08. > :02:12.T`shirt bought this morning, it cost two pounds fifty. If you are in the

:02:13. > :02:17.business of selling clothes very cheaply, you are in the business of

:02:18. > :02:24.low pay and dangerous working conditions. Absolutely not. We share

:02:25. > :02:31.the factories with box of retailers. We will find T`shirts sound ``

:02:32. > :02:38.solder two pounds fifty next to T`shirts being sold for thirty two

:02:39. > :02:43.pounds. It is the same wages and the same pay. How much extra would you

:02:44. > :02:48.have to add to the price of this tissue to make sure someone was

:02:49. > :02:52.better paid, not working all those hours and not working in hazardous

:02:53. > :02:57.building. Nothing. We know the factory where that T`shirt is made,

:02:58. > :03:05.we will have an spectre that factory on several occasions. We are a

:03:06. > :03:09.constant on of looking to see that the work that is in the factory, the

:03:10. > :03:15.workers conditions are appropriate. I can guarantee we can look. The

:03:16. > :03:19.wages we think they are being paid is ten p an hour. Working will than

:03:20. > :03:26.ten hours a day. Would you work for ten p an hour? When we look at an

:03:27. > :03:32.inspection, we look at the hours of work. It is difficult for us to say,

:03:33. > :03:36.this line next to this line needs to be paid more than this line working

:03:37. > :03:42.for a Bond Street retailer. I do not think the Bond Street retailer

:03:43. > :03:47.workers would be sliced to be sitting next to a primer retailer

:03:48. > :03:54.who worked more. What it needs is a collective approach to raising the

:03:55. > :03:57.wages. We would welcome that. Now our correspondent in Dhaka, Mahfuz

:03:58. > :04:10.Sadique joins us from the site of the disaster. We heard from one of

:04:11. > :04:13.the key players at prime mark. From your point of view, what has changed

:04:14. > :04:23.on the ground since that is the `` disaster? I'm standing outside the

:04:24. > :04:28.site of the building which killed more than eleven hundred people six

:04:29. > :04:32.months on. What has changed on the ground is, there has been a lot of

:04:33. > :04:37.promises like the ones prime mark has made and other major retailers

:04:38. > :04:42.have formed safety plans on both sides of the Atlantic. They are

:04:43. > :04:48.promising to change the safety regulation and improve safety for

:04:49. > :04:51.workers. What is difficult, that considering the scale of the

:04:52. > :04:56.industry, it is a twenty one early in dollar plus industry. The

:04:57. > :05:00.majority of factories have their own standards. There is a sub

:05:01. > :05:05.contracting side to it, factories sub contract work from companies

:05:06. > :05:11.like Trimark in factories housed in unsafe buildings. They spoken to one

:05:12. > :05:18.of the survivors who was in the Plaza, the miraculous woman survivor

:05:19. > :05:22.who was saved seventeen days after the collapse. She said salaries of

:05:23. > :05:28.these workers need to be increased and compensation should be played.

:05:29. > :05:32.Their salaries should be increased, whatever is needed to make their

:05:33. > :05:38.lives safer must be done. They work very hard and suffer a lot. These

:05:39. > :05:43.clothes are bought foreign buyers. I would ask them to give the

:05:44. > :05:47.compensation they have promised. If I'm successful one day I would like

:05:48. > :05:56.to help them as well. What has happened regarding compensation for

:05:57. > :06:00.there is and families? `` victims. The issue of compensation has been

:06:01. > :06:09.coming up for the last six months. Outside the Plaza site, workers and

:06:10. > :06:13.survivors of those who perished are demanding compensation right now.

:06:14. > :06:17.What has happened in the last few months, from the Prime Minister's

:06:18. > :06:23.relief fund and other big business bodies have come up with ad hoc

:06:24. > :06:27.compensation. It does not fall under a legal framework. None of the

:06:28. > :06:32.families all survivors have gotten legal compensation. A British survey

:06:33. > :06:39.has done a survey which says that only six percent of the survivors

:06:40. > :06:45.they had serve eight, at actually got some form of legal compensation.

:06:46. > :06:49.The figures of the survey make for grim reading. At the same time, many

:06:50. > :06:51.of these workers who suffered had not been able to go back to work

:06:52. > :06:57.because they have physical injuries and they have not had enough medical

:06:58. > :07:11.attention since that disaster six months ago. Microsoft reports

:07:12. > :07:14.profits for the past three months later on Thursday, but the $25

:07:15. > :07:21.million question is who will take over the company next year. Current

:07:22. > :07:32.boss Steve Ballmer is due to go before August next year. We work for

:07:33. > :07:37.the greatest company in the world. He made other but many disagree.

:07:38. > :07:41.Steve Ballmer took over the running of Microsoft from bill Gates in two

:07:42. > :07:47.thousand. Under tenure, the firm has had more misses than hits. Remember

:07:48. > :07:54.music and video player, launched in two thousand and six, it could never

:07:55. > :07:57.compete with Apple's iPod. Its tablets have also been playing catch

:07:58. > :08:01.up to Apple with less than two percent market share. Do not forget

:08:02. > :08:05.the disappointing launch of Windows eight last year. This is how

:08:06. > :08:12.investors are assessing its performance. Since its main rival

:08:13. > :08:17.Google listed its shares in two thousand and four, their values rose

:08:18. > :08:22.by thousands are sent. Compare that to Microsoft, at just twenty four

:08:23. > :08:28.percent. That no`one can beat Apple. Its shares are up more than

:08:29. > :08:34.three thousand percent. So who can reinvigorate the firm? There is a

:08:35. > :08:39.lot of speculation over who will become the third ever CEO of

:08:40. > :08:44.Microsoft. The boss of Ford is believed to be one of the

:08:45. > :08:49.front`runners. Although he remains quiet on the possible move. Another

:08:50. > :08:55.candidate is the former CEO of Nokia, which is selling its phone

:08:56. > :09:00.business to Microsoft. And Oracle president, although he says he is

:09:01. > :09:06.not planning to move to Microsoft, is not confirmed or denied whether

:09:07. > :09:10.he has been asked. One of the things we have seen from the likes of Apple

:09:11. > :09:15.and Facebook, Google is that you need someone who is ready to go out

:09:16. > :09:19.on a limb and do something totally dramatic compared to what they have

:09:20. > :09:24.been doing in the past. Thanks to its strong enterprise business which

:09:25. > :09:30.dominates work place computers, its revenues are expected to continue

:09:31. > :09:35.growing. But in the post` PC world, now maybe the time a technical ``

:09:36. > :09:41.technical visionary, rather than a great business manager. Business

:09:42. > :09:49.managers who like to wear bright yellow shirts. Markets in Asia,

:09:50. > :09:55.Japan down as half a percent. That was India yesterday. China's

:09:56. > :09:58.factories experienced their strongest expansion in seven months

:09:59. > :10:09.in October, adding to evidence the world's second`largest economy is

:10:10. > :10:23.recovering. I will see you seen for a look through the papers.

:10:24. > :10:24.England's chief medical officer has criticised the state of children's