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their boat capsized near the Bahamas. Those are the latest | :00:00. | :00:00. | |
headlines. Now it is time for World Business Report. | :00:00. | :00:20. | |
A surprise jump in revenue at Hewlett`Packard causes shares to | :00:21. | :00:26. | |
rise over 7%. Risk sales of enterprise computers out ways and PC | :00:27. | :00:39. | |
sales. The largest shareholder in Alitalia has refused to contribute | :00:40. | :00:45. | |
money to keep the airline alive. Hello, and welcome. Also in the | :00:46. | :00:52. | |
programme, we focus on the rising cost of living in Brazil, where even | :00:53. | :00:56. | |
the price of a football ticket is now out of reach for many. First of | :00:57. | :01:02. | |
all, investors were braced for a bad news from Hewlett`Packard, but got | :01:03. | :01:14. | |
just the opposite. Share prices rose by 7%, after it was announced that a | :01:15. | :01:19. | |
2% rise in sales had been enjoyed by the company. The news has inspired | :01:20. | :01:25. | |
cautious optimism as the 70 year old company struggles to keep up with | :01:26. | :01:28. | |
shifting consumer demand for smaller, portable devices. | :01:29. | :01:37. | |
Today's personal computing power is now in pockets and handbags across | :01:38. | :01:40. | |
the world, and that has left the traditional PC in big trouble. And | :01:41. | :01:46. | |
that matters to HP, because personal computing makes up around a third of | :01:47. | :01:50. | |
all sales. It has stuck with a business which is largely in | :01:51. | :01:53. | |
decline, and unrelenting pressure from the likes of Dell and Lenovo, | :01:54. | :02:01. | |
is squeezing profits in that market. Could he turnaround be taking hold? | :02:02. | :02:05. | |
These latest figures are better than Wall Street expected. Sales of | :02:06. | :02:10. | |
services to businesses help offset falls in the home computer market, | :02:11. | :02:15. | |
which sent shares rallying more than 7%. The company is counting on Meg | :02:16. | :02:19. | |
Whitman, it urged CEO in three years, to restore dominance in the | :02:20. | :02:26. | |
tech sector. What we are starting to see under Meg Whitman, is a smaller | :02:27. | :02:33. | |
more focused HP, that may not be all things to all people as they have | :02:34. | :02:37. | |
been in the past. She has taken off the table, at least for now, the | :02:38. | :02:40. | |
idea that they would spin out their PC business, will divest any big | :02:41. | :02:46. | |
pieces. She says HP is better as one piece, which has advantages for | :02:47. | :02:52. | |
suppliers and customers. For now, building and selling PCs is still | :02:53. | :02:55. | |
crucial to HB's efforts to restore growth. The boss claims it will take | :02:56. | :03:00. | |
five years, but that they be longer than some investors are prepared to | :03:01. | :03:06. | |
wait. Time is running out for Alitalia. | :03:07. | :03:10. | |
Today is the deadline for shareholders to sign up to a 300 | :03:11. | :03:17. | |
million euros investment plan, which it hopes will get the company back | :03:18. | :03:22. | |
on track. But major shareholder, Air France`KLM, which owns 25%, has | :03:23. | :03:28. | |
refused a plea for cash. It says the carrier cannot be saved and less it | :03:29. | :03:32. | |
gets creditors to write off some of its 830 million euros worth of | :03:33. | :03:41. | |
debt. I am joined by an airline analyst from Scotland. So far, some | :03:42. | :03:47. | |
investors in Italy and also some domestic banks there, have pledged | :03:48. | :03:53. | |
214 million euros in this cash call. You think it will get the rest it | :03:54. | :03:59. | |
needs today? I think so. It is a very good airline with a sound | :04:00. | :04:02. | |
business plan that he put in place before this call for cash, to make | :04:03. | :04:06. | |
the airline viable. I think they will get the money. Tell us more | :04:07. | :04:12. | |
about the plan. As I have said to you before, I have talked about the | :04:13. | :04:16. | |
fact that Alitalia is on the brink of collapse for many years now, so | :04:17. | :04:23. | |
why is this new plan going to work? I think it looks at the airline | :04:24. | :04:26. | |
fleet and the rotation of the aircraft, and looks at the Ritz that | :04:27. | :04:31. | |
they are good at, and where they pick up good revenue, and | :04:32. | :04:37. | |
concentrates on those. `` the roots. You think there will be a of | :04:38. | :04:49. | |
heart in Air France`KLM? I don't think so. I think it has to come out | :04:50. | :04:54. | |
of the Italian banks. What about the argument that they have to see a | :04:55. | :04:57. | |
huge amount of debt written off in order for the company to have a | :04:58. | :05:01. | |
chance? I think it is a get out clause to try and get away from the | :05:02. | :05:06. | |
restructuring and to try and not put the money in without losing too much | :05:07. | :05:11. | |
face. In terms of the future full of company, and you are saying it has | :05:12. | :05:16. | |
got a good plan and will hopefully get the money today, what about the | :05:17. | :05:20. | |
issue of redundancies and unions? Will that not come to a head | :05:21. | :05:23. | |
eventually for Alitalia in the future? I think it will, because | :05:24. | :05:28. | |
they do have a very large workforce, and if they are scaling down the | :05:29. | :05:35. | |
places they go they will have to make redundancies. They will also | :05:36. | :05:41. | |
need to restore traveller confidence. If people stop booking | :05:42. | :05:46. | |
with them it will become a downward spiral, and it doesn't matter how | :05:47. | :05:50. | |
much money you pumping, if you are not flying people around, you are | :05:51. | :05:54. | |
not an airline. I think the travellers need to be reassured that | :05:55. | :05:57. | |
if they have booked with Alitalia, for they need to, certainly in the | :05:58. | :06:05. | |
UK market you can take out airline failure protection cover. If you | :06:06. | :06:07. | |
book your travel agency, they will work with you to rebook you if it | :06:08. | :06:13. | |
does happen, so I think there should be a degree of traveller confidence | :06:14. | :06:17. | |
involved in this action as well. I appreciate your time. I'm sure we | :06:18. | :06:25. | |
will talk about this again soon. It is one of the highlights of the | :06:26. | :06:29. | |
football calendar in Brazil, the Brazil cup final, and millions will | :06:30. | :06:34. | |
be crowding around television sets later today to watch. Many would | :06:35. | :06:38. | |
rather be watching live at stadium, but could not afford it. It has | :06:39. | :06:43. | |
taken almost three years and cost half $1 billion to upgrade the | :06:44. | :06:47. | |
Maracana Stadium for next year's World Cup. We report on the rising | :06:48. | :06:59. | |
cost of living in Brazil, wary than football is getting too expensive | :07:00. | :07:01. | |
for ordinary people. This is where Rio's football fans | :07:02. | :07:08. | |
learn to shell cherish the sport from a young age. But the new | :07:09. | :07:13. | |
Maracana Stadium, renovated for the World Cup, is expensive. Ticket | :07:14. | :07:18. | |
prices for the cup final started over $100. For this term, it was too | :07:19. | :07:26. | |
much. TRANSLATION: I would like to bring my whole family here with me, | :07:27. | :07:31. | |
to watch the final. But there is no way I can afford to pay for | :07:32. | :07:35. | |
everyone. So we came tonight for a less important match. I don't have | :07:36. | :07:41. | |
to watch the final on television. Some improvements are being made for | :07:42. | :07:46. | |
the World Cup and Olympics, but hearing Rio many people feel that | :07:47. | :07:49. | |
this is bringing them more fame and fortune. Especially when it comes to | :07:50. | :07:55. | |
real estate prices. This woman grew up in Copacabana, but has been | :07:56. | :08:00. | |
living here for a year now. She placed $270 for a tiny studio here. | :08:01. | :08:07. | |
Real estate prices in Rio have almost tripled since the city won | :08:08. | :08:12. | |
the Olympic bid six years ago. I had to move out because they had no | :08:13. | :08:20. | |
money at all to do anything else. I was just working to pay my bills and | :08:21. | :08:25. | |
to pay my house. I just could not afford it, so I came to the favela | :08:26. | :08:32. | |
so I could have more money to live my life, to have more quality of | :08:33. | :08:38. | |
life. Even here, rental prices are going up, with the pacification | :08:39. | :08:46. | |
policy. After years of hyperinflation, Brazil has enjoyed a | :08:47. | :08:52. | |
decade of stability, but prices of food and services are on the rise | :08:53. | :08:57. | |
again. This restaurant specialises in a traditional stew made of black | :08:58. | :09:01. | |
beans and meat. Beans are a staple food in Brazil, but it's prices have | :09:02. | :09:07. | |
gone up 27% in a year. Brazilians now have better wages and more | :09:08. | :09:12. | |
buying power, but the rising cost of living are swallowing up many of | :09:13. | :09:19. | |
these games. I have to say, when we report on | :09:20. | :09:24. | |
food from this programme, I do start to feel rather hungry. The markets | :09:25. | :09:43. | |
in Asia are mixed. Exporters are having a tough time on the fear that | :09:44. | :09:48. | |
Americans won't be spending in a major way in the run`up to | :09:49. | :09:49. | |
Christmas. Smoking should be banned in all NHS | :09:50. | :10:09. | |
hospitals and clinics in England, according | :10:10. | :10:11. |