:00:00. > :00:00.attack caused thousands of dollars worth of damage. Those are the
:00:00. > :00:30.latest headlines from BBC World News. Going up - The World Bank sees
:00:31. > :00:32.stronger growth as rich economies expand.
:00:33. > :00:38.China's biggest smartphone maker Huawei saw strong sales in 2013 and
:00:39. > :00:43.operating profits up more than 40%. Welcome to World Business Report.
:00:44. > :00:47.I'm Sally Bundock - also in the programme inflation in India is set
:00:48. > :00:53.to fall slightly bringing relief to consumers - but will the trend
:00:54. > :00:57.continue. We find out. The World Bank says the global economy is at a
:00:58. > :01:00.turning point, as growth appears to be strengthening in both rich and
:01:01. > :01:03.developing countries. But in its annual assessment of the global
:01:04. > :01:06.economy the Bank also warns of risks stemming from changing policies in
:01:07. > :01:09.the United States. It says: Growth in developing countries will expand
:01:10. > :01:12.from four point 8% last year to five point 3% this year But with some
:01:13. > :01:23.countries doing considerably better - Angola 8%, China seven point 7%,
:01:24. > :01:26.and India six point 2%. For the worlds richest nations it predicts
:01:27. > :01:35.growth will accelerate from one point 3% last year to two point 2%
:01:36. > :01:38.this year. And it says although the main risks that have preoccupied the
:01:39. > :01:40.global economy over the past five years have subsided, the underlying
:01:41. > :01:42.challenges remain. Our Economics Correspondent Andrew Walker talked
:01:43. > :01:55.to the World Bank economist, Andrew Burns, and asked if he's confident
:01:56. > :01:59.we are over the worst. I am not ready to say it is over. We
:02:00. > :02:02.are into the healing stage of that process. It may not go perfectly
:02:03. > :02:06.smoothly, the worst has passed us and we are starting to get into that
:02:07. > :02:10.process. If we look at the Euro, growth is likely to be a little bit
:02:11. > :02:14.hesitant going forward in the next year. A little bit like it was in
:02:15. > :02:19.the US two years ago where we have one might be good news, another
:02:20. > :02:22.month of not so good news. Never really certain that we are there.
:02:23. > :02:29.Our sense is that growth is coming back. There must be some risks to
:02:30. > :02:34.this favourable outlook. There certainly are risks. With the
:02:35. > :02:38.improvement in group and the normalisation of output there is
:02:39. > :02:45.going to be a normalisation in policy as well. That carries risks
:02:46. > :02:51.for developing countries. The US Federal reserve particular
:02:52. > :02:55.withdrawing and that enormous amount of cash being pumped into the
:02:56. > :03:01.economy. Our expectation is that going forward, this process should
:03:02. > :03:06.go along the Tivoli smoothly without a significant negative impact for
:03:07. > :03:10.developing countries. It seems flatly counter intuitive that you
:03:11. > :03:15.might get a lot of turbulence but none when it actually does start
:03:16. > :03:20.taking place? Sometimes that is the way that financial markets work.
:03:21. > :03:27.There is a forward-looking aspect of the eventual changes and a
:03:28. > :03:31.compression of time. That is one perspective on what has happened so
:03:32. > :03:39.far. The other is that and it could be additional surprises. Financial
:03:40. > :03:51.markets could react in a dis- orderly fashion going forward.
:03:52. > :03:55.Boeing says it will join a probe with Japan airlines to find out why
:03:56. > :04:02.one of the airlines had to be grounded after a 787 Dreamliner when
:04:03. > :04:07.smoke was coming from one of its batteries. All 787 were grounded a
:04:08. > :04:12.year ago for three months after repeated problems with batteries
:04:13. > :04:15.overheating. Singapore's central bank is denying suggestions that the
:04:16. > :04:18.affluent city-state faces a credit bubble linked to high property
:04:19. > :04:20.prices. The Monetary Authority of Singapore says the property market
:04:21. > :04:27.is stabilising, household balance sheets are strong and the financial
:04:28. > :04:29.system is robust. The Japanese Prime Minister, Shinzo Abe has pledged
:04:30. > :04:32.more than 3-hundred million dollars towards security in Africa, as Japan
:04:33. > :04:39.seeks to increase its influence on the continent. Mr Abe - who is
:04:40. > :04:42.ending his tour of the continent in Ethiopia - says Japan will also
:04:43. > :04:45.offer two billion dollars in business loans to the private sector
:04:46. > :04:53.and will focus its investment on women and young people.
:04:54. > :04:59.India is due to release its latest inflation figures shortly. Forecasts
:05:00. > :05:02.say the nation could see prices edge down from a 14-month high in
:05:03. > :05:05.November to about 7% in December. That's good news for consumers who
:05:06. > :05:15.have been battling persistently high inflation for about four years. But
:05:16. > :05:18.is it a long-term change for the better? Yogita Limaye has more from
:05:19. > :05:30.Mumbai. I have just bought some tomatoes and
:05:31. > :05:33.the price that I have paid is about the fourth of what it cost in
:05:34. > :05:38.November. The prices of most vegetables here were soaring. A lot
:05:39. > :05:42.of these have become cheaper in recent months and the reason, the
:05:43. > :05:46.winter harvest has been good. That is the reason the supply of
:05:47. > :05:51.vegetables have gone up. It has reflected in retail inflation
:05:52. > :05:57.figures. This is great news for consumers who have been battling
:05:58. > :06:00.very high food prices. Some people, particularly those from low income
:06:01. > :06:07.families said that they had almost stopped buying vegetables and
:06:08. > :06:13.pressure is certainly eased. The number is also expected to have gone
:06:14. > :06:18.down and should be about 7% down from a high of 7.5%. Many believe
:06:19. > :06:27.that even at 7% it is still quite high. India's Central Bank has
:06:28. > :06:32.increased interest rates twice in September to try and get it to
:06:33. > :06:34.moderate. They had held rates unchanged because they believed that
:06:35. > :06:42.inflation would go on a downward trend. However, the central bank is
:06:43. > :06:47.unlikely to announce anything unless we see it go substantially up.
:06:48. > :06:52.Huawei the world's No.2 telecom equipment maker says it expects to
:06:53. > :07:08.post a 40% rise in annual operating profit. Huawei has had a turbulent
:07:09. > :07:10.year in which it was shut out of multi-billion dollar network
:07:11. > :07:12.opportunities in the United States and Australia and drew the scrutiny
:07:13. > :07:20.of British authorities over cyber security issues. Lets get more on
:07:21. > :07:29.this - we're joined by Puneet Pal Singh is in Singapore full is a tell
:07:30. > :07:35.us more about how Huawei is going it is busily a strong player in the
:07:36. > :07:40.market? These are good numbers by any measure especially given the
:07:41. > :07:46.fact that we are starting on key markets such as the US. Those
:07:47. > :07:53.setbacks were offset by continued growth in emerging markets including
:07:54. > :07:55.its domestic market, China. China has been willing to improve the
:07:56. > :07:58.teller communications network across the country. As part of their push
:07:59. > :08:02.it is looking to deploy faster fourth-generation mobile network
:08:03. > :08:05.equipment which has created new business opportunities for companies
:08:06. > :08:11.like Huawei. Huawei traditionally concentrated on making telecom
:08:12. > :08:14.network equipment has also benefited from diversifying its business into
:08:15. > :08:18.fast-growing sectors such as smartphone manufacturing. It makes
:08:19. > :08:22.low-cost devices which has been a winning strategy. A key reason
:08:23. > :08:27.behind that is the fact that unlike other markets, mobile phone service
:08:28. > :08:31.riders in emerging economies like China and India do not subsidised
:08:32. > :08:37.handsets for subscribers. That means consumers have to pay up from their
:08:38. > :08:41.own pocket to buy mobile phones. That makes low-cost devices much
:08:42. > :08:45.more affordable. That has helped Huawei become one of the biggest
:08:46. > :08:51.smartphone companies in the world. Despite issues in the US, things are
:08:52. > :09:02.looking good for Huawei. Thanks very much. Let's have a look at the
:09:03. > :09:07.market. It has been quite a week. We have seen 3% losses in Japan and it
:09:08. > :09:11.is completely different today. A lot has to do with US retail sales
:09:12. > :09:16.numbers which came out well after these markets closed in Asia. They
:09:17. > :09:24.were much stronger. The US is out there and spending. That is a really
:09:25. > :09:28.good news for exporters, that make goods in Asia that are shipped over
:09:29. > :09:37.to the world's biggest economy. A 2% jump for return. All the markets
:09:38. > :09:41.across Asia doing well today. As you can see in the US we had much better
:09:42. > :09:46.session as well because the day before we saw 1% losses and of
:09:47. > :10:02.course if the US does well it often goes well for Asia morning after.
:10:03. > :10:06.Doctors aren't being given the right kind of training to diagnose young
:10:07. > :10:09.people who have mental health problems according to the Royal
:10:10. > :10:13.College of GPs. It says there has been a big rise in the number of
:10:14. > :10:15.sixteen to twenty five year olds suffering mental health problems
:10:16. > :10:17.since the recession and estimates tens of thousands are suffering from
:10:18. > :10:18.depression, stress