Browse content similar to 06/02/2014. Check below for episodes and series from the same categories and more!
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because of rising costs. Those are the latest headlines. Now | :00:00. | :00:19. | |
for the latest financial news. Twitter jitters. Share fears as | :00:20. | :00:32. | |
prices plunge. Plus a legal shakeup could see Customs officers seized | :00:33. | :00:36. | |
and destroyed counterfeit goods purchased online. | :00:37. | :00:42. | |
Welcome. This is World Business Report. In the moment, a tough road | :00:43. | :00:53. | |
ahead for India. But first, it has a stock market value of over $35 | :00:54. | :01:05. | |
billion. And yet it has never even made a profit. That has not stopped | :01:06. | :01:10. | |
Twitter becoming the hottest investment properties since it | :01:11. | :01:16. | |
floated back in November. At least until last night. Shares plunged in | :01:17. | :01:24. | |
after-hours trading. There were concerns about it making a loss of | :01:25. | :01:32. | |
$511.5 million. That was a lot more than some analysts were expecting. | :01:33. | :01:36. | |
What has really rung alarm bells was the lack of growth. Only an increase | :01:37. | :01:47. | |
of 3.8% in users. That is the slowest growth ever seen for the | :01:48. | :01:51. | |
company. That sparked a sell-off of shares. They plunged 18%. | :01:52. | :02:05. | |
Since the bell rang on its first trading day, Twitter stock price has | :02:06. | :02:12. | |
more than doubled. The first set of results were a test. The good news | :02:13. | :02:17. | |
is that revenue shot up 116% from a year ago. Most of that thanks to | :02:18. | :02:23. | |
money from mobile advertising. But the key question that investors | :02:24. | :02:27. | |
wanted answered was could the company maintained that rapid | :02:28. | :02:34. | |
growth. Twitter is more of a niche social product than something like | :02:35. | :02:39. | |
Facebook. Here is the craft that casts doubt on that. -- chart. To | :02:40. | :02:52. | |
keep growing, Twitter's chief executive told investors that the | :02:53. | :02:57. | |
company would continue to put money back into its products. We believe | :02:58. | :03:04. | |
that by building features that enhance conversation and messaging, | :03:05. | :03:08. | |
we will help attract more users to the platform. Put simply, it will | :03:09. | :03:15. | |
continue to spend more money than it makes. They will have to continue to | :03:16. | :03:21. | |
commit significant capital towards investment. We think the company is | :03:22. | :03:26. | |
going to be losing money for this entire year. Like the Superbowl just | :03:27. | :03:33. | |
gone, one bright spot is how big a role to place in live events. The | :03:34. | :03:38. | |
company is keen to show investors that the best growth days still are | :03:39. | :03:45. | |
ahead. Trade in counterfeit goods is worth | :03:46. | :03:50. | |
hundreds of billions of dollars. But soon Europeans purchasing fake goods | :03:51. | :03:57. | |
could have them seized and destroyed by Customs. At the moment, they find | :03:58. | :04:02. | |
it difficult to prevent counterfeit goods available on foreign websites | :04:03. | :04:06. | |
being purchased by consumers for personal use. Today a case goes | :04:07. | :04:11. | |
before the European Court of Justice that could change all that. We can | :04:12. | :04:16. | |
speak to an intellectual property lawyer. Talk me through this case | :04:17. | :04:25. | |
and the implications. It is a Court of Justice decision, the highest | :04:26. | :04:30. | |
court in Europe. It relates to a fellow from Denmark who purchased a | :04:31. | :04:36. | |
fake Rolex watch. This was from a Chinese website. He knew that it was | :04:37. | :04:40. | |
fake. The website shipped it into the European Union. The European | :04:41. | :04:44. | |
customs authorities confiscated it on the basis they suspected it was a | :04:45. | :04:53. | |
counterfeit. The case went to the Danish courts. The question from the | :04:54. | :04:56. | |
Danish court to the European Court is, in general terms, was in what | :04:57. | :05:03. | |
circumstances can a Customs agency sees and destroyed suspected | :05:04. | :05:15. | |
counterfeit goods? -- sees the -- sees and destroyed. The context is | :05:16. | :05:24. | |
specifically online. Looking at the circumstances of online trade. The | :05:25. | :05:32. | |
question that the European Court is looking at is whether the online | :05:33. | :05:37. | |
website is actually aiming at European consumers prior to the | :05:38. | :05:42. | |
point of sale or whether it is sufficient that the foreign website | :05:43. | :05:49. | |
is simply knowing that it is sending the goods into Europe and knows it | :05:50. | :05:52. | |
is receiving payment from a European citizen. Where does it go from here? | :05:53. | :05:58. | |
Presumably this covers all counterfeit goods. How is this going | :05:59. | :06:07. | |
to be enforced? Customs, they are the guardians of European goods. As | :06:08. | :06:14. | |
you said, it is quite surprising the raft of counterfeit products out | :06:15. | :06:18. | |
there. It is not just a case of luxury products. It goes into | :06:19. | :06:22. | |
consumer goods. Cigarettes or one of the most common counterfeit | :06:23. | :06:28. | |
products. When you're talking about pharmaceutical counterfeits, it | :06:29. | :06:31. | |
might not be working, it is a serious problem. Customers will be | :06:32. | :06:37. | |
vigilant. They work in tandem with international property right owners. | :06:38. | :06:42. | |
People always look out for suspicious goods that come from | :06:43. | :06:47. | |
countries known to be the source of counterfeit products. All eyes on | :06:48. | :06:57. | |
this court case. Many thanks. Let us move to India. Car sales have | :06:58. | :07:03. | |
fallen for the first time in over a decade. Few see the prospect of a | :07:04. | :07:08. | |
turnaround until national elections. India are hosting one of | :07:09. | :07:24. | |
the biggest auto Expo is in Asia. Nearly 50 new launches, it will be | :07:25. | :07:30. | |
hard to believe that the Indian car industry is going through its worst | :07:31. | :07:36. | |
phase in over a decade. Here at the Indian auto show, you would not feel | :07:37. | :07:39. | |
that carmakers would be worried about the slump in demand. But right | :07:40. | :07:44. | |
now most manufacturers seem to be focused on the long-term potential | :07:45. | :07:50. | |
of the Indian market. Despite the fanfare, India's largest automaker | :07:51. | :07:56. | |
has had a tough year. Increased competition from global | :07:57. | :08:02. | |
manufacturers as hurt sales. But the company says that the good news is | :08:03. | :08:07. | |
in rural India. We have tried to target 100,000 villages and tried to | :08:08. | :08:15. | |
sell the vehicle. Next year we will look at the development. That is | :08:16. | :08:27. | |
matching our vision for the car. The company delivers a car for all | :08:28. | :08:32. | |
Indian people. But not everybody is doing badly. The luxury car market | :08:33. | :08:38. | |
is expanding rapidly. But it is still a small segment of customers. | :08:39. | :08:44. | |
As growth has been going down, most companies expect India to do well. | :08:45. | :08:49. | |
We see the market being relatively flat in the first half of the. But | :08:50. | :08:53. | |
close to elections, we will see growth. -- half of the year. We are | :08:54. | :09:05. | |
looking forward to a great year. Cars can be made at a third of the | :09:06. | :09:11. | |
cost. Relatively low labour costs and higher engineering skills mean | :09:12. | :09:17. | |
that companies are investing. Not just in manufacturing will slow | :09:18. | :09:21. | |
court it, but also components from local lenders. Nobody is leaving | :09:22. | :09:33. | |
India just yet. Asian markets have stabilised after | :09:34. | :09:38. | |
a turbulent couple of days. Singapore. Talk us through the | :09:39. | :09:47. | |
markets. If you look at the numbers, investors are struggling with the | :09:48. | :09:57. | |
weakness of US markets. Japan's stock markets are edging | :09:58. | :10:01. | |
higher as investors get back shares of companies with strong earnings | :10:02. | :10:07. | |
prospects. The country's central bank says it stands ready to | :10:08. | :10:15. | |
increase monetary stimulus further. Hong Kong shares are rising from | :10:16. | :10:17. | |
their lowest level in almost seven months. Singapore is heading for its | :10:18. | :10:27. | |
biggest daily gain in four months, supported by strong manufacturing | :10:28. | :10:36. | |
data. We are also seeing the index performances by heavyweights. If you | :10:37. | :10:40. | |
look at the games, there are quite limited. The market stays cautious. | :10:41. | :10:47. | |
-- games. Many thanks. You have been watching | :10:48. | :10:54. | |
World Business Report. Stay with us, the papers in just a minute. | :10:55. | :11:13. | |
Financial pressures could get in the way of the drive to improve care | :11:14. | :11:17. | |
following the Stafford Hospital scandal, according to experts. A | :11:18. | :11:23. | |
report said that money worries could hamper | :11:24. | :11:25. |