:00:00. > :00:22.reject a trade deal with the EU. Those are the headlines. Deadline
:00:23. > :00:26.day in Switzerland as the battle against tax evasion hots up. It is
:00:27. > :00:31.pushed by the US to share its bank secrets with the world. Diverging
:00:32. > :00:37.economies in Asia, Japan's economy grows less than predicted, where
:00:38. > :00:46.China's trade surplus is at a four`year high. Hello and welcome.
:00:47. > :00:51.Also in the programme, we will look at what is hot and what is not in
:00:52. > :00:55.the toy market, as children around the world countdown to Christmas.
:00:56. > :01:00.First of all, it is crunch time for Switzerland's private banks. Today,
:01:01. > :01:04.the country must decide whether it will operate with US demands and
:01:05. > :01:07.hand client information. Many claim the movie is a crucial step in try
:01:08. > :01:11.to clampdown on tax evasion the world. It will also went the long
:01:12. > :01:18.tradition of banking secrecy in Switzerland.
:01:19. > :01:23.The pressure from Washington has been immense, and has lasted five
:01:24. > :01:26.years. For all that time, Switzerland's private banks have
:01:27. > :01:36.tried hard to hang on to that famous secrecy. Today, they have to decide.
:01:37. > :01:42.Will they share client information, a move that could lead to fines of
:01:43. > :01:48.up to 50% of the US assets they hold, will refuse and risk
:01:49. > :01:53.prosecution. There is nervousness and anger over what looks to some
:01:54. > :01:59.like US bullying. TRANSLATION: Everyone is afraid. Let's be
:02:00. > :02:02.completely honest. People are terrified, and that fear is
:02:03. > :02:06.legitimate. No one is really sure about how they will be treated. We
:02:07. > :02:11.could be eaten alive by US authorities. The Swiss government
:02:12. > :02:16.has told the banks they should comply, because not cooperating
:02:17. > :02:20.really could spell the end. Switzerland's oldest private bank
:02:21. > :02:29.has already closed its doors because of US pressure. That pressure will
:02:30. > :02:39.not go away. Because Washington struggles with a multitrillion
:02:40. > :02:44.dollar budget deficit, it will not let a single cent escape.
:02:45. > :02:49.Economic performance is split in Asia. Just a few hours ago China
:02:50. > :02:53.released some bumper export figures. The world's second`biggest economy
:02:54. > :03:02.saw shipments rise by 12.7%. An impressive number as it sold more of
:03:03. > :03:06.its assets to other countries. China's inflation rate stays fairly
:03:07. > :03:10.steady at 3%. The news from Japan not so good. It revealed its economy
:03:11. > :03:17.failed to grow as fast as had been forecast in the third quarter. So it
:03:18. > :03:27.actually grew by just 1.1%. Most predicted Japan would see growth of
:03:28. > :03:35.1.6%. A real divergences, tell us about what China is getting right
:03:36. > :03:43.that Japan isn't. That's right, as we know, China has been doing plenty
:03:44. > :03:46.right since it overtook Japan to become China's second largest
:03:47. > :03:50.economy. It is not so much what Japan is doing wrong, but how hard
:03:51. > :03:55.it is to spur growth in a mature, developed economy, while China is
:03:56. > :03:59.still very much on the ascendance. It is still developing at a rapid
:04:00. > :04:02.rate. China produces most of the product at the world consumes, and
:04:03. > :04:08.the strong export numbers suggest that the global economy is picking
:04:09. > :04:13.up. We saw demand, in particular, for important markets like the US
:04:14. > :04:19.and Europe improving. The flipside is that Chinese imports were
:04:20. > :04:23.slightly weaker. That China may still have some way to go when it
:04:24. > :04:29.comes to boosting growth through domestic consumption, which of
:04:30. > :04:33.course, we know is Key amongst construction reforms that they want
:04:34. > :04:36.to achieve there. Japan has had to revise down its growth for this
:04:37. > :04:40.quarter, mainly due to private investment slowing more than
:04:41. > :04:52.expected, and this despite a series of aggressive measures put in place
:04:53. > :04:55.by the PM's government. The big worry now is the plan to hike the
:04:56. > :05:02.sales tax in Japan in April next year. That is something that perhaps
:05:03. > :05:09.a week at economy `` a weaker economy might not be prepared for.
:05:10. > :05:13.Thank you very much indeed. In Japan, we are seeing quite a
:05:14. > :05:18.significant upside today, over % higher. That is despite the news
:05:19. > :05:23.about the lacklustre growth last quarter. It is mainly because the
:05:24. > :05:25.Japanese yen is remaining significantly week. Touchy the
:05:26. > :05:37.currencies right now, I'm clicking like mad, but anyway, the yen has
:05:38. > :05:40.lost value against the dollar. Now, if you haven't heard, just in case
:05:41. > :05:43.you are still unaware, Santa Claus is coming to town in less than a
:05:44. > :05:50.month. With the looming holiday season, toymakers are in full swing
:05:51. > :05:57.trying to deliver the must have toy this Christmas. Globally, the toy
:05:58. > :06:00.market is worth a staggering 85 in dollars, and it is during the next
:06:01. > :06:04.few weeks, when nearly a third of all the sales are made annually. A
:06:05. > :06:11.all the sales are made annually A key time for the market. We went to
:06:12. > :06:17.find out what is hot and why this year.
:06:18. > :06:20.The countdown is on to Christmas. Parents are already rushing to the
:06:21. > :06:24.shops to buy this year's must have toys, and it looks like 2013 is
:06:25. > :06:36.going to be the year of the comeback. Furbie returns 15 years
:06:37. > :06:41.after it was first launched. The robot puppy is in the top ten as
:06:42. > :06:44.well, 30 years after it was born. But the brand name is where the
:06:45. > :06:49.similarity ends and the new technology starts. Furbie can now
:06:50. > :06:55.lay eggs through an app, your puppy can now download is it from an iPad.
:06:56. > :07:00.I would say there is more now in the top ten. There are more interactive
:07:01. > :07:04.toys. Kids want more than just the doll that sits on the shelf, they
:07:05. > :07:15.want it to laugh and cry and interact, and take part in weather
:07:16. > :07:23.so it is, and react to the weather. Children are increasingly wanting
:07:24. > :07:26.branded toys that they saw on TV. Children often experience characters
:07:27. > :07:29.in the digital form before they get the physical toy. Read easily we
:07:30. > :07:35.have the Barbie doll, which was the basis of the Barbie brand, but now
:07:36. > :07:43.we have these goals. These are predicted to sell well this
:07:44. > :07:48.Christmas `` dolls. I think what is important nowadays is the two worlds
:07:49. > :07:50.of digital and real`life emerging. Children don't see any difference
:07:51. > :07:55.between playing with something physically and digitally now. The
:07:56. > :07:59.toy market is not just growing globally, the demographics are also
:08:00. > :08:06.changing. Not only do adults spend more on average per toy, they are
:08:07. > :08:10.also buying for themselves. Over the 30 years I have been selling toys,
:08:11. > :08:15.the toy market has shrunk. We were selling toys in the early 80s from
:08:16. > :08:20.birth, probably to 12 or 14. We have seen the progression of that age
:08:21. > :08:25.group to nine or ten. If you are looking at things like Lego, it is
:08:26. > :08:32.now definitely for a much older age group. Adults have just as much fun
:08:33. > :08:35.as the children do. One father that did is David Beckham. When he said
:08:36. > :08:46.he had built the Taj Mahal out of Lego, sales of the $350 architecture
:08:47. > :08:53.range soared. Retailers could be on the road to a prosperous Christmas.
:08:54. > :09:00.Now you know, not much time left to get the stopping sorted. Ministers
:09:01. > :09:03.from 159 countries reached a deal intending to boost global trade at a
:09:04. > :09:08.meeting in Bali, Indonesia, on Saturday. The World Trade
:09:09. > :09:10.Organisation's first conference of agreement includes an effort to
:09:11. > :09:17.signify the procedures for doing business across borders. There will
:09:18. > :09:25.also be improved duty`free access for the world's poorest countries.
:09:26. > :09:30.The value of bitcoin has tumbled, following news that China's biggest
:09:31. > :09:42.search engine is no longer accepting the virtual currency. The currency
:09:43. > :09:47.lost more than 30% of its value Today, it is training there
:09:48. > :09:54.evaluation $830, but it broke above a thousand last week. That is World
:09:55. > :10:04.Business Report, I will see you soon as we review the papers.
:10:05. > :10:13.Almost half of the state funded schools in England are reinforcing
:10:14. > :10:17.gender stereotypes when it comes to A`level choices, a study has warned.
:10:18. > :10:20.The Institute of physics research suggests that not enough is being
:10:21. > :10:24.done to challenge the idea that certain subjects with the girls and
:10:25. > :10:28.others for boys. It claims that this prevents young people from
:10:29. > :10:31.discovering their potential. All the students in this physics
:10:32. > :10:35.class are absorbed by their experiments. When it comes to
:10:36. > :10:42.choosing the subject at a level something many girls. There are
:10:43. > :10:43.gender stereotypes associated with certain subjects. So, for example,