:00:00. > :00:00.rescue helicopter test the ice close by. Those are the latest headlines.
:00:00. > :00:16.Now for the latest financial news with World Business Report.
:00:17. > :00:20.Show me the money - as entrepreneurs like this restaurant owner turn to
:00:21. > :00:25.the general public via the internet to fund their start-ups, regulators
:00:26. > :00:28.wonder how to police the process. Derelict buildings, deserted,
:00:29. > :00:31.dilapidated shopping malls - no, it's not the setting of a new zombie
:00:32. > :00:37.movie, it's the result of austerity in Portugal. We'll take you on the
:00:38. > :00:44.most unusual sight-seeing tour you'll ever experience.
:00:45. > :00:51.Welcome to World Business Report. Also in the programme: Hyundai warns
:00:52. > :00:58.2014 could be a tough year due to the stronger South Korean won.
:00:59. > :01:04.Was it your New Year's resolution to launch your own company? Do you need
:01:05. > :01:07.some money to do so? In the wake of the financial crisis, entrepreneurs
:01:08. > :01:10.have rushed to tap the general public for cash to get their
:01:11. > :01:13.start-ups going. Using crowd-funding websites like Crowd-cube, Seedrs and
:01:14. > :01:23.Angel-list, aspiring entrepreneurs can hook up with amateur investors
:01:24. > :01:26.and well-wishers across the planet. But if the past year saw crowd
:01:27. > :01:30.funding come of age, 2014 will be the year it has to face up to
:01:31. > :01:34.regulators as they get to grips with this new freewheeling era of
:01:35. > :01:49.internet investing. Caroline Hepker reports.
:01:50. > :01:55.This restaurant in London's edgy district. 50 online investors made
:01:56. > :01:58.this possible with $400,000. They say crowd funding was the right
:01:59. > :02:04.ingredients. Essentially, to get to open a business with 50 champions
:02:05. > :02:12.real business. For us, it is a no-brainer. For this investor, a
:02:13. > :02:18.taste of success, but a gamble. Spreading your money is a good idea.
:02:19. > :02:21.Anyone of them easily fail. Small businesses tend to do that. As long
:02:22. > :02:29.as one of them does well, it is worth it. The UK regulator is
:02:30. > :02:33.bringing in new rules to make the risks clearer, and to limit how much
:02:34. > :02:37.you can invest. What we want to do is come out with something that is
:02:38. > :02:41.proportionate, that provides the appropriate protection but allows
:02:42. > :02:47.firms and consumers access to an important source of funding. That
:02:48. > :02:50.could mean more ideas like this salad dressing making it to our
:02:51. > :02:55.shelves. Europe has been slow to adopt crowd funding, but is
:02:56. > :03:02.consulting on new regulations. The US will make share -based crowd
:03:03. > :03:07.funding possible nationwide in 2014. Crowd funding has been absolutely
:03:08. > :03:10.key. From starting with the fantastic support of a store like
:03:11. > :03:16.this, to being in over 1000 supermarkets in the UK and entering
:03:17. > :03:20.500 supermarkets in North America, it has grown by elites and bounds.
:03:21. > :03:25.So could this new form of investment. Crowd funding has
:03:26. > :03:30.exploded into the post financial crisis entered its powered age. It
:03:31. > :03:34.is making some big promises. Cash reinvented entrepreneurs, big
:03:35. > :03:39.returns investors, and jobs from the rest of the economy. For every
:03:40. > :03:42.success story, they could be plenty of cautionary tales from the
:03:43. > :03:45.Internet. The South Korean car giant Hyundai
:03:46. > :03:51.is warning 2014 will be a tough year with sales hit by the strength of
:03:52. > :03:58.the won. Sharanjit Leyl is in our Asia Business Hub in Singapore.
:03:59. > :04:12.Happy New Year. Tell us more about here and they. It is not set to be a
:04:13. > :04:17.happy day for Hyundai. It is projected to be their weakest annual
:04:18. > :04:23.sales growth in about a decade. Shares of Hyundai and its affiliates
:04:24. > :04:27.have got more than 4%. This came after they issued a growth forecast.
:04:28. > :04:37.Combined sales of respected grow by 4%. That is the slowest for nearly a
:04:38. > :04:41.decade. This is mainly due to the strength of the Korean currency.
:04:42. > :04:46.They are making less money from profits brought home from overseas.
:04:47. > :04:49.Their Japanese counterparts are benefiting greatly from the currency
:04:50. > :04:54.swings. They have reaped the benefits of a weaker yen, which made
:04:55. > :05:00.their products more competitive overseas and that they make more
:05:01. > :05:04.money bring the proper time. The Japanese currency fell nearly 20%
:05:05. > :05:12.against the US dollar in 2013, while the Korean won has risen nearly 10%.
:05:13. > :05:19.After facing a fall in market shares, Hyundai is shaking up its US
:05:20. > :05:24.management. They have been facing increased competition from domestic
:05:25. > :05:29.carmakers, the likes of Ford and General Motors. That means that they
:05:30. > :05:37.growth in the US is starting to slow. Korean buyers are also seduced
:05:38. > :05:42.by Hyundai's German rivals, who are encroaching on their home turf. As
:05:43. > :05:49.if that isn't bad enough, Hyundai has been hit by a series of strikes,
:05:50. > :05:53.which has resulted in fewer vehicles produced at its South Korean
:05:54. > :05:55.factories. Thank you. We will see you soon.
:05:56. > :05:58.If official sightseeing tours of big cities leave you cold, then Porto,
:05:59. > :06:02.the regional capital of Northern Portugal could have just the thing
:06:03. > :06:05.for you. Three out-of-work architects upset at the impact of
:06:06. > :06:12.austerity on their historic home city have set up an unusual walking
:06:13. > :06:17.tours agency. They call it The Worst Tours. Instead of taking visitors to
:06:18. > :06:23.the famous wine lodges and historic tourist sites, they'll take you to
:06:24. > :06:25.all the worst places in town. No less than 70,000 buildings are now
:06:26. > :06:28.derelict in Porto, and entire shopping centres have had to close.
:06:29. > :06:41.Our Europe business correspondent Nigel Cassidy has been on one of the
:06:42. > :06:45.tours and sent this report. Medieval and rock, a World Heritage
:06:46. > :06:49.site on a river near the ocean. Portugal's second city is a
:06:50. > :06:55.photogenic jewel in the city's crown. Visitors flocked there by the
:06:56. > :06:59.tram load to taste the wine. Walk just a few steps down the main
:07:00. > :07:02.shopping street, and the rest to many abandoned neocolonial
:07:03. > :07:07.buildings. It is almost as if you have stumbled into a mini Nirvana. I
:07:08. > :07:12.would like to take a at this building. Meet the worst to guides.
:07:13. > :07:17.Theirs is the opposite of your normal tourist tour. Jobless
:07:18. > :07:21.architects take you down dark alleys and through Main Street, to see how
:07:22. > :07:26.hard economic times hurt the city they love. The organisers say
:07:27. > :07:32.bailout measures make Portugal more competitive, but have badly damaged
:07:33. > :07:35.the city. They say wages and spending power has fallen so much
:07:36. > :07:40.that hundreds of businesses have been forced to close. They say
:07:41. > :07:47.austerity is an abstract concept, it is something you can touch, see and
:07:48. > :07:51.feel. 2000 firms have ceased trading in the past two years alone. Some
:07:52. > :07:55.see this as inevitable economic change. Tour guides say it is
:07:56. > :08:01.because local spending power has been destroyed. People have less
:08:02. > :08:13.money. They cannot maintain the internal market. The cuts are making
:08:14. > :08:17.a downward spiral in society. Here is another stop on the tour. This
:08:18. > :08:22.ancient public washing place, high above a river, is now more heavily
:08:23. > :08:28.used by families who cannot afford washing machines. Of all the places
:08:29. > :08:34.we have seen here, this is the most extraordinary. The 1980s style
:08:35. > :08:39.shopping centre, all of them are empty. But something is going on. It
:08:40. > :08:47.is not anti any more. A lot of bands and musicians started using up the
:08:48. > :08:52.clothing shops for rehearsals. Sometimes we have several bands
:08:53. > :08:56.using up the space. The city still has plenty to charm visitors. This
:08:57. > :09:01.to just hopes that by highlighting the worst part, they can show where
:09:02. > :09:04.investment is badly needed. In other news: Italian carmaker Fiat
:09:05. > :09:09.is taking over the rest of Chrysler for about $3.7 billion dollars. Fiat
:09:10. > :09:11.already owns most of the US automaker, and is buying the
:09:12. > :09:15.remaining 41.5% from a healthcare union. The deal will allow Fiat to
:09:16. > :09:18.reduce its reliance on the struggling European car market and
:09:19. > :09:21.focus on growing its US car sales. Chrysler is America's third-biggest
:09:22. > :09:26.carmaker and emerged from a government-managed bankruptcy in
:09:27. > :09:29.2009. China plans to loan Pakistan $6.5
:09:30. > :09:31.billion for the construction of two nuclear power stations in Karachi,
:09:32. > :09:37.marking the biggest-ever Chinese financing deal for a single project
:09:38. > :09:40.in the country. The new facilities will increase Pakistan's electricity
:09:41. > :09:53.supply by about 15% and signifies deepening ties between the two Asian
:09:54. > :09:56.nations. Financial markets today, not all are
:09:57. > :10:02.open to trade. Japan is close to a public were there. Hong Kong is
:10:03. > :10:08.open, as are the Chinese market. The big loser in South Korea is
:10:09. > :10:12.Hyundai. One of the story is talking the market today is China's
:10:13. > :10:24.manufacturing numbers, which were disappointed.
:10:25. > :10:29.Thank you. Families are being urged to swap fatty foods out of their
:10:30. > :10:32.diets in a new campaign by Public Health England. The organisation,
:10:33. > :10:35.which is part of the Department of Health, says making simple switches
:10:36. > :10:39.in what we eat and drink could make a difference. But its use of money
:10:40. > :10:44.off vouchers as part of the idea has been criticised as a quick fix that
:10:45. > :10:45.doesn't offer families the best deal. Here's our