Browse content similar to 15/01/2014. Check below for episodes and series from the same categories and more!
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attack caused thousands of dollars worth of damage. Those are the | :00:00. | :00:00. | |
latest headlines from BBC World News. Going up - The World Bank sees | :00:00. | :00:30. | |
stronger growth as rich economies expand. | :00:31. | :00:32. | |
China's biggest smartphone maker Huawei saw strong sales in 2013 and | :00:33. | :00:38. | |
operating profits up more than 40%. Welcome to World Business Report. | :00:39. | :00:43. | |
I'm Sally Bundock - also in the programme inflation in India is set | :00:44. | :00:47. | |
to fall slightly bringing relief to consumers - but will the trend | :00:48. | :00:53. | |
continue. We find out. The World Bank says the global economy is at a | :00:54. | :00:57. | |
turning point, as growth appears to be strengthening in both rich and | :00:58. | :01:00. | |
developing countries. But in its annual assessment of the global | :01:01. | :01:03. | |
economy the Bank also warns of risks stemming from changing policies in | :01:04. | :01:06. | |
the United States. It says: Growth in developing countries will expand | :01:07. | :01:09. | |
from four point 8% last year to five point 3% this year But with some | :01:10. | :01:12. | |
countries doing considerably better - Angola 8%, China seven point 7%, | :01:13. | :01:23. | |
and India six point 2%. For the worlds richest nations it predicts | :01:24. | :01:26. | |
growth will accelerate from one point 3% last year to two point 2% | :01:27. | :01:35. | |
this year. And it says although the main risks that have preoccupied the | :01:36. | :01:38. | |
global economy over the past five years have subsided, the underlying | :01:39. | :01:40. | |
challenges remain. Our Economics Correspondent Andrew Walker talked | :01:41. | :01:42. | |
to the World Bank economist, Andrew Burns, and asked if he's confident | :01:43. | :01:55. | |
we are over the worst. I am not ready to say it is over. We | :01:56. | :01:59. | |
are into the healing stage of that process. It may not go perfectly | :02:00. | :02:02. | |
smoothly, the worst has passed us and we are starting to get into that | :02:03. | :02:06. | |
process. If we look at the Euro, growth is likely to be a little bit | :02:07. | :02:10. | |
hesitant going forward in the next year. A little bit like it was in | :02:11. | :02:14. | |
the US two years ago where we have one might be good news, another | :02:15. | :02:19. | |
month of not so good news. Never really certain that we are there. | :02:20. | :02:22. | |
Our sense is that growth is coming back. There must be some risks to | :02:23. | :02:29. | |
this favourable outlook. There certainly are risks. With the | :02:30. | :02:34. | |
improvement in group and the normalisation of output there is | :02:35. | :02:38. | |
going to be a normalisation in policy as well. That carries risks | :02:39. | :02:45. | |
for developing countries. The US Federal reserve particular | :02:46. | :02:51. | |
withdrawing and that enormous amount of cash being pumped into the | :02:52. | :02:55. | |
economy. Our expectation is that going forward, this process should | :02:56. | :03:01. | |
go along the Tivoli smoothly without a significant negative impact for | :03:02. | :03:06. | |
developing countries. It seems flatly counter intuitive that you | :03:07. | :03:10. | |
might get a lot of turbulence but none when it actually does start | :03:11. | :03:15. | |
taking place? Sometimes that is the way that financial markets work. | :03:16. | :03:20. | |
There is a forward-looking aspect of the eventual changes and a | :03:21. | :03:27. | |
compression of time. That is one perspective on what has happened so | :03:28. | :03:31. | |
far. The other is that and it could be additional surprises. Financial | :03:32. | :03:39. | |
markets could react in a dis- orderly fashion going forward. | :03:40. | :03:51. | |
Boeing says it will join a probe with Japan airlines to find out why | :03:52. | :03:55. | |
one of the airlines had to be grounded after a 787 Dreamliner when | :03:56. | :04:02. | |
smoke was coming from one of its batteries. All 787 were grounded a | :04:03. | :04:07. | |
year ago for three months after repeated problems with batteries | :04:08. | :04:12. | |
overheating. Singapore's central bank is denying suggestions that the | :04:13. | :04:15. | |
affluent city-state faces a credit bubble linked to high property | :04:16. | :04:18. | |
prices. The Monetary Authority of Singapore says the property market | :04:19. | :04:20. | |
is stabilising, household balance sheets are strong and the financial | :04:21. | :04:27. | |
system is robust. The Japanese Prime Minister, Shinzo Abe has pledged | :04:28. | :04:29. | |
more than 3-hundred million dollars towards security in Africa, as Japan | :04:30. | :04:32. | |
seeks to increase its influence on the continent. Mr Abe - who is | :04:33. | :04:39. | |
ending his tour of the continent in Ethiopia - says Japan will also | :04:40. | :04:42. | |
offer two billion dollars in business loans to the private sector | :04:43. | :04:45. | |
and will focus its investment on women and young people. | :04:46. | :04:53. | |
India is due to release its latest inflation figures shortly. Forecasts | :04:54. | :04:59. | |
say the nation could see prices edge down from a 14-month high in | :05:00. | :05:02. | |
November to about 7% in December. That's good news for consumers who | :05:03. | :05:05. | |
have been battling persistently high inflation for about four years. But | :05:06. | :05:15. | |
is it a long-term change for the better? Yogita Limaye has more from | :05:16. | :05:18. | |
Mumbai. I have just bought some tomatoes and | :05:19. | :05:30. | |
the price that I have paid is about the fourth of what it cost in | :05:31. | :05:33. | |
November. The prices of most vegetables here were soaring. A lot | :05:34. | :05:38. | |
of these have become cheaper in recent months and the reason, the | :05:39. | :05:42. | |
winter harvest has been good. That is the reason the supply of | :05:43. | :05:46. | |
vegetables have gone up. It has reflected in retail inflation | :05:47. | :05:51. | |
figures. This is great news for consumers who have been battling | :05:52. | :05:57. | |
very high food prices. Some people, particularly those from low income | :05:58. | :06:00. | |
families said that they had almost stopped buying vegetables and | :06:01. | :06:07. | |
pressure is certainly eased. The number is also expected to have gone | :06:08. | :06:13. | |
down and should be about 7% down from a high of 7.5%. Many believe | :06:14. | :06:18. | |
that even at 7% it is still quite high. India's Central Bank has | :06:19. | :06:27. | |
increased interest rates twice in September to try and get it to | :06:28. | :06:32. | |
moderate. They had held rates unchanged because they believed that | :06:33. | :06:34. | |
inflation would go on a downward trend. However, the central bank is | :06:35. | :06:42. | |
unlikely to announce anything unless we see it go substantially up. | :06:43. | :06:47. | |
Huawei the world's No.2 telecom equipment maker says it expects to | :06:48. | :06:52. | |
post a 40% rise in annual operating profit. Huawei has had a turbulent | :06:53. | :07:08. | |
year in which it was shut out of multi-billion dollar network | :07:09. | :07:10. | |
opportunities in the United States and Australia and drew the scrutiny | :07:11. | :07:12. | |
of British authorities over cyber security issues. Lets get more on | :07:13. | :07:20. | |
this - we're joined by Puneet Pal Singh is in Singapore full is a tell | :07:21. | :07:29. | |
us more about how Huawei is going it is busily a strong player in the | :07:30. | :07:35. | |
market? These are good numbers by any measure especially given the | :07:36. | :07:40. | |
fact that we are starting on key markets such as the US. Those | :07:41. | :07:46. | |
setbacks were offset by continued growth in emerging markets including | :07:47. | :07:53. | |
its domestic market, China. China has been willing to improve the | :07:54. | :07:55. | |
teller communications network across the country. As part of their push | :07:56. | :07:58. | |
it is looking to deploy faster fourth-generation mobile network | :07:59. | :08:02. | |
equipment which has created new business opportunities for companies | :08:03. | :08:05. | |
like Huawei. Huawei traditionally concentrated on making telecom | :08:06. | :08:11. | |
network equipment has also benefited from diversifying its business into | :08:12. | :08:14. | |
fast-growing sectors such as smartphone manufacturing. It makes | :08:15. | :08:18. | |
low-cost devices which has been a winning strategy. A key reason | :08:19. | :08:22. | |
behind that is the fact that unlike other markets, mobile phone service | :08:23. | :08:27. | |
riders in emerging economies like China and India do not subsidised | :08:28. | :08:31. | |
handsets for subscribers. That means consumers have to pay up from their | :08:32. | :08:37. | |
own pocket to buy mobile phones. That makes low-cost devices much | :08:38. | :08:41. | |
more affordable. That has helped Huawei become one of the biggest | :08:42. | :08:45. | |
smartphone companies in the world. Despite issues in the US, things are | :08:46. | :08:51. | |
looking good for Huawei. Thanks very much. Let's have a look at the | :08:52. | :09:02. | |
market. It has been quite a week. We have seen 3% losses in Japan and it | :09:03. | :09:07. | |
is completely different today. A lot has to do with US retail sales | :09:08. | :09:11. | |
numbers which came out well after these markets closed in Asia. They | :09:12. | :09:16. | |
were much stronger. The US is out there and spending. That is a really | :09:17. | :09:24. | |
good news for exporters, that make goods in Asia that are shipped over | :09:25. | :09:28. | |
to the world's biggest economy. A 2% jump for return. All the markets | :09:29. | :09:37. | |
across Asia doing well today. As you can see in the US we had much better | :09:38. | :09:41. | |
session as well because the day before we saw 1% losses and of | :09:42. | :09:46. | |
course if the US does well it often goes well for Asia morning after. | :09:47. | :10:02. | |
Doctors aren't being given the right kind of training to diagnose young | :10:03. | :10:06. | |
people who have mental health problems according to the Royal | :10:07. | :10:09. | |
College of GPs. It says there has been a big rise in the number of | :10:10. | :10:13. | |
sixteen to twenty five year olds suffering mental health problems | :10:14. | :10:15. | |
since the recession and estimates tens of thousands are suffering from | :10:16. | :10:17. | |
depression, stress | :10:18. | :10:18. |