:00:20. > :00:26.Celebrating a $200 billion relationship. China and Germany talk
:00:27. > :00:32.trade amid fears the honeymoon could be over. A smart move or an
:00:33. > :00:39.admission of defeat? Microsoft's new boss announces that happy chap
:00:40. > :00:45.office is coming to the iPad. `` Office.
:00:46. > :00:49.Look to World Business Report. In just a moment, saving black brew
:00:50. > :00:55.from extinction. `` BlackBerry. Is from extinction. `` BlackBerry. Is
:00:56. > :01:02.it the tech industry's version of Mission impossible. First, we start
:01:03. > :01:15.with the ChinaChinese President's tour of Europe. Multibillion`dollar
:01:16. > :01:17.deals have been yielded, from energy agreements to orders for Airbus
:01:18. > :01:21.jets, and an investment in struggling car maker Peugeot. Trade
:01:22. > :01:27.between China and Germany is worth $200 billion a year. That is more
:01:28. > :01:34.than trade with France, Britain and Italy combined. German firms moved
:01:35. > :01:37.into China more aggressively than their European rivals, led by the
:01:38. > :01:40.big car makers. Volkswagen was the first foreign car maker to set up
:01:41. > :01:44.shop in China over 30 years ago. Rival BMW sells far more cars in
:01:45. > :01:46.China than it does at home in Germany. However, that growth is
:01:47. > :01:50.slowing and some German bosses want to see less reliance on China and
:01:51. > :02:05.more focus on other markets like Africa. Laura Hesse is deputy
:02:06. > :02:08.director of the trade bureau. We're just talking about the history in
:02:09. > :02:12.terms of trade that has bound China and Germany for many years. How
:02:13. > :02:19.would you describe the current state the relationship? China is an
:02:20. > :02:25.important trade partner for Germany, it is the second`biggest export
:02:26. > :02:29.market for German products the EU. Relations between Germany and China
:02:30. > :02:33.are still very good. It is a very important day today, not only for
:02:34. > :02:39.China's president, but also for Angela Merkel. Both economically and
:02:40. > :02:45.also strategically, geopolitically, in light of the crisis in the
:02:46. > :02:49.Ukraine. As I was saying, the rapid rise in trade between the two
:02:50. > :02:54.countries has stalled somewhat in recent years, hasn't it? Is Germany
:02:55. > :03:02.actively trying to avoid dependence on China? Or perceived dependence on
:03:03. > :03:06.China? I would not say that Germany is dependent on China. It is the
:03:07. > :03:17.biggest market, the second`biggest, as I said, but at the same time,
:03:18. > :03:20.relations between Germany and China are importing geopolitically, in the
:03:21. > :03:28.light of what is happening in the Ukraine. China's relations to
:03:29. > :03:36.Germany are also important for Angela Merkel, because she needs the
:03:37. > :03:43.partnership, the Chinese partnership, if she is going to off
:03:44. > :03:49.she would have a stronger position vis`a`vis Vladimir Putin, if she has
:03:50. > :03:56.stronger relations with China. There is some market speculation that
:03:57. > :04:08.Frankfurt is vying for a position as a offshore trading hub for the yuan.
:04:09. > :04:15.This deal might be signed on the same day that China's president is
:04:16. > :04:20.visiting Angela Merkel. This would be important for Frankfurt, which
:04:21. > :04:26.wants to establish itself as an offshore hub for trade with yuan
:04:27. > :04:34.settlement, and also clearing of yuan trade. This is very important
:04:35. > :04:37.for Frankfurt. You mentioned earlier, some of the political
:04:38. > :04:44.relationships between Germany and Berlin, vis`a`vis Ukraine, recently
:04:45. > :04:53.there was also that spat over solar panels, the decision of the EU to
:04:54. > :04:57.impose regulations that am settled a lot of German companies that had big
:04:58. > :05:05.stakes in China. They come through that now? China has been very act
:05:06. > :05:14.of, not only in Germany, but also in the UN, France, and it is trying to
:05:15. > :05:19.more or less have good contacts with other European countries, especially
:05:20. > :05:28.in light of the trade conflict from last year. Eventually, it might try
:05:29. > :06:20.has been outlining his ideas for the light,
:06:21. > :06:22.has been outlining his ideas for the future of the country. Office will
:06:23. > :06:30.now be available for iPad, but is that a smart move, or an admission
:06:31. > :06:33.of defeat in the post` PC world. Our correspondence, Richard Taylor, was
:06:34. > :06:37.there. This speech by Satya Nadella was the
:06:38. > :06:41.first time the new loss has been able to outline his vision for the
:06:42. > :06:45.country. A lot of investors were worried that he was too much of an
:06:46. > :06:54.insider to be able to effect real change. He talked about a mobile
:06:55. > :06:58.first, Cloud first strategy. The real goal for us is to step up to
:06:59. > :07:02.provide the applications and services that empower every user,
:07:03. > :07:08.across all of these devices, and all of these experiences. That is
:07:09. > :07:14.perhaps job number one that we do, to empower people to be productive,
:07:15. > :07:21.to do more across all devices. The move of Office to iPad really
:07:22. > :07:26.signifies a strategic shift and a willingness to embrace rival
:07:27. > :07:30.hardware. Previously, they were just holding it hostage to Windows. The
:07:31. > :07:40.real question is, how much of an audience will it find. In the past
:07:41. > :07:42.few years, developers have had plenty of perfectly respectable
:07:43. > :07:47.applications that work well enough for a lot of users. If it is
:07:48. > :07:55.executed well, then it provides one less reason for people to buy into
:07:56. > :08:01.Microsoft's own hardware, like the Surface tablet. Microsoft is
:08:02. > :08:11.operating in a post` Windows world, and now sat `` Satya Nadella has to
:08:12. > :08:14.work out how to best embrace it. This could be mission impossible.
:08:15. > :08:23.This is John Chen, the new boss of black brew, tasked with saving it
:08:24. > :08:28.from extension. `` BlackBerry. Analysts expect the slump to have
:08:29. > :08:31.continues, with sales down 59% on last year. Investors seem to have
:08:32. > :08:40.confidence. BlackBerry still has one fan, the
:08:41. > :08:46.president. The White House is testing other phones, but the user
:08:47. > :08:50.in chief is not switching. A relief for BlackBerry, but also a reminder
:08:51. > :08:56.of how far the company that popularised smart phones has fallen.
:08:57. > :08:59.This is the tech insider charge with reversing the Canadian firm's
:09:00. > :09:04.fortune. John Chen, watched carefully by Wall Street. The the
:09:05. > :09:10.real focus by investors is going to be on what the new CEO, John Chen,
:09:11. > :09:19.has in store in terms of maximising shareholder value. The wanting alike
:09:20. > :09:23.about him is that he has come in and is viewing BlackBerry not just as a
:09:24. > :09:28.device, but that all the assets and what they are worth. Touted by the
:09:29. > :09:33.former boss as the company's salvation, these phones failed to
:09:34. > :09:39.win back market share. Under John Chen, BlackBerry teamed up with a
:09:40. > :09:44.Chinese manufacturer to save money and produce a low`cost phone. Since
:09:45. > :09:49.John Chen took over last November, black area's share price has risen
:09:50. > :09:56.by roughly 40%. Investors want to believe that he will succeed where
:09:57. > :09:59.others have failed. Nobody expects BlackBerry's failures to be fixed
:10:00. > :10:02.overnight. When it reports its earnings, investors will want to see
:10:03. > :10:09.evidence that its fate is not misplaced. `` of their faith.
:10:10. > :10:19.Shares mostly road `` rose in Asia on Friday. This is the view across
:10:20. > :10:34.the region at the moment. Goodbye for now.
:10:35. > :10:39.Alice will be back shortly when we review the papers. We want to
:10:40. > :10:44.highlight some new research, suggesting that thousands of it is
:10:45. > :10:45.children, some as young as six, are regularly watching pornography on
:10:46. > :10:46.the