:00:00. > :00:20.`` deadly. Those the latest headlines. It is now time for the
:00:21. > :00:23.latest financial news. Qualcomm faces an anti`trust probe
:00:24. > :00:28.in China. Shares in the technology giants ink on fears access to the
:00:29. > :00:33.world's biggest mobile phone market is under threat.
:00:34. > :00:41.And we take a look at the growing appetite for canned food in Europe
:00:42. > :00:49.as household incomes fall. Hello and welcome to World Business
:00:50. > :00:56.Report. Also in the programme: what next for Hewlett`Packard? The
:00:57. > :01:00.company reveals results to date. But first of all, China has launched a
:01:01. > :01:06.probe against one of the world's biggest chip makers. Qualcomm. Its
:01:07. > :01:14.processor chip powers most android, Windows and BlackBerry smartphones.
:01:15. > :01:25.Shares fell in trade on Wall Street as the Chinese market is seen as key
:01:26. > :01:32.for Qualcomm. Nice to see you. What do we know about this investigation?
:01:33. > :01:36.We know that it is particularly interesting when you put it into the
:01:37. > :01:40.context of recent developments on the regular Tory front in China. In
:01:41. > :01:45.times of Qualcomm, we do not know too much. They say the investigation
:01:46. > :01:50.does involve Chinese antimonopoly law. But the regulators say the
:01:51. > :01:56.substance is confidential. We do not know exactly what the issue is.
:01:57. > :02:00.Qualcomm says it is not aware of any anti`trust violations. There has
:02:01. > :02:07.been a step up in scrutiny of China's violations. Baby from the
:02:08. > :02:14.producers were fined for price`fixing. The same regulator
:02:15. > :02:18.that is now looking into it, they launched a pressing investigation
:02:19. > :02:23.into the pharmaceutical industry. In this particular case, there has been
:02:24. > :02:27.a favourite of consideration as to why the investigation is taking
:02:28. > :02:32.place right now. Just as China is going to launch a mobile service.
:02:33. > :02:35.Qualcomm is one of the world's biggest makers of self and chips.
:02:36. > :02:39.There is some suggestion that this could be an attempt to gain some
:02:40. > :02:47.average for the Chinese negotiations. This is all
:02:48. > :02:57.speculation. But it has quite a way to go. Thank you.
:02:58. > :03:02.Qualcomm is not the only Western company worried about prospects in
:03:03. > :03:05.China. Hewlett`Packard presents its fourth`quarter earnings today.
:03:06. > :03:11.Investors are concerned by China's lack of appetite for the desktop
:03:12. > :03:19.computer. There are fears that the computer giant's return to growth
:03:20. > :03:26.would be in vain. What is going on in the Chinese market? Good to see
:03:27. > :03:33.you, Chris. Let us talk about Hewlett`Packard. We will also touch
:03:34. > :03:37.on Qualcomm. Will the earnings be good, bad or ugly? We think that
:03:38. > :03:48.there are going to be OK, but lower than they be. HP is one of the
:03:49. > :03:51.leading Chinese PC makers. So the consumer in China is just bypassing
:03:52. > :03:57.the desktop and the laptop and skipping on to mobile devices? That
:03:58. > :04:02.is right. China has been seen as a secondary market. It has now caught
:04:03. > :04:13.up in what we have seen with the US and Europe is. `` Europe. They are
:04:14. > :04:21.able to swap the local market break quickly. What is now for HP? There
:04:22. > :04:29.are emerging markets where PC sales are still buoyant. However, HP
:04:30. > :04:35.really needs to look at moving into the mobile space. It is too late for
:04:36. > :04:40.them to launch a new market. But they need to look at things that
:04:41. > :04:50.acquisitions. What do you make about the allegations on Qualcomm. For the
:04:51. > :04:55.company, it is not good news, is it? It is not good at all. It is going
:04:56. > :04:58.to scare a lot of people. It is one of several component manufacturers
:04:59. > :05:09.that has come under the spotlight in China. A lot of people are being
:05:10. > :05:12.scrutinised at the moment to make sure that everything they are doing
:05:13. > :05:18.is above board. Particularly those in overseas markets. In times of its
:05:19. > :05:23.future sales in China, it is the market for anyone in the mobile
:05:24. > :05:31.phone world. They need to have a strong foothold in China. With the
:05:32. > :05:36.four G licences coming up, is it important that this does not
:05:37. > :05:39.overshadow its future business? It is absolutely critical that Qualcomm
:05:40. > :05:46.keeps a foothold in China. It is a huge market. Qualcomm at the moment
:05:47. > :05:54.is the leader in the underlying technology. Thank you for your time.
:05:55. > :06:01.When we get the results we will update you. For now, we will talk
:06:02. > :06:05.about Europe's age of austerity. It has had lasting effects on ordinary
:06:06. > :06:08.families and households. Living standards are falling for the first
:06:09. > :06:17.time in generations. Staples like fresh have become luxuries for many.
:06:18. > :06:20.Continuing our series, we report from the UK and Portugal on the
:06:21. > :06:29.surge in demand for cheap nutrition in a tin. Sales of canned foods are
:06:30. > :06:35.rising over 3% per year. Time to make the children's T.
:06:36. > :06:39.Might as well open a can. This is not the 1950s. Many are finding
:06:40. > :06:45.local fresh fish is too expensive. This in a Canon is making a
:06:46. > :06:51.comeback. It is a staple for this young family from Bristol. Mum and
:06:52. > :07:02.admits there is a stigma attached to ten fish. But it is convenient and
:07:03. > :07:09.costs less than half the price. When you look at the price, it can be
:07:10. > :07:17.prohibitively expensive. There is all kind of things I can make. Your
:07:18. > :07:21.children like it? They do! The demand for sardines is certainly
:07:22. > :07:26.good for Europe's fishing fleet. Here is the catcher in northern
:07:27. > :07:32.Portugal. Nearby is one of just seven surviving fish canneries in
:07:33. > :07:35.the region. Not so long ago, the traditional skills were no longer
:07:36. > :07:45.needed. Now there is no overtime on offer. `` overtime. There are
:07:46. > :07:48.preparative the afternoon. In the 1970s, the fish canning industry
:07:49. > :07:56.went into crisis. Many canneries closed. This one had an investment
:07:57. > :08:06.of 5 million euros. They are addressing canned sardines, and tuna
:08:07. > :08:13.and Backwell as gourmet treats. There was more competition than we
:08:14. > :08:19.had at the moment. We thought it was the right opportunity. We have a
:08:20. > :08:28.good opportunity to create more jobs. There is promise that new jobs
:08:29. > :08:35.rely on rising sales. The workers are so well. Many in southern Europe
:08:36. > :08:37.did not have worked. Here at least the demand for high`quality,
:08:38. > :08:43.low`cost protein they can is saving jobs and skills. Other business
:08:44. > :08:46.stories. Police have detained a seven
:08:47. > :09:02.employees of China's latest oil refiner. Two employees are also in
:09:03. > :09:07.police custody. The blast injured more than 160 people and nine others
:09:08. > :09:11.are still missing. Today the ruling Nationalist party in Scotland
:09:12. > :09:16.publishes a document outlining the case for Scottish independence. It
:09:17. > :09:21.aims to set out the social, economic and democratic blueprint for a
:09:22. > :09:25.breakaway from the UK. It will show the financial strengths of an
:09:26. > :09:29.independent Scotland. The launch of the document heralds the start of
:09:30. > :09:37.vigourous debate over the referendum in September.
:09:38. > :09:43.Markets today in Asia are in and out of positive territory. You can see
:09:44. > :09:48.Japan down by 0.3%. Elsewhere we are seeing slight gains. There is no
:09:49. > :09:55.specific story, the more events taking place. Some are arguing that
:09:56. > :10:01.money has been taken off the table. That is because in the United
:10:02. > :10:14.States. I will see you soon for a look at the papers.
:10:15. > :10:18.Commuters in London will see more police than usual on the streets of
:10:19. > :10:23.the capital. Thousands of extra officers are being set up to try and
:10:24. > :10:26.make it safer after an unusually high number of cyclists were killed
:10:27. > :10:30.in recent weeks. Early morning and one of the
:10:31. > :10:40.world's biggest cities goes to work. By bus, car, bike, commuters flow
:10:41. > :10:43.through the capital's arteries. From now until Christmas, they will do so
:10:44. > :10:44.under the