09/04/2014 World Business Report

and care excellence says advice should be targeted at gyms. Those

are the latest headlines from BBC World News. Now for the latest

financial news with World Business Report.

Europetoday the European commission will release a set of proposals that

will give shareholders the right to vote down the ratio between board

pay and the average full`time worker. In recent years companies

have come under fire for the inequalities. For example, the

commission says in France, director pay rose by 94% between 2006 and

2012 even though the average share price for companies fell by a third.

In the UK the FTSE 100 chief executives' total pay in 2013 was

120 times the average earnings of their employees, up from 47 times in

1998. With me is Justin, good to talk to you. Why the need now to

curb investor pay... Executive pay in Europe? They are trying to

improve the overall governance and one of the issues is shareholders,

you can have the right to vote on this. Why? We have seen such

astonishing extremes as you were highlighting. At the moment these

are what we think is going to happen, we need more details, but

nonetheless you will see the ability for more shareholders to take not

control but at least to be able to vote but also to have broader

governance of reporting to understand what's going on and to be

able to make sure there is seen to be greater governance throughout the

year. Why? If you're seen as an area that runs good governance you will

attract more investment and that is what the EU needs. Try to get the

other way you have a market where it is not known for treating investors

properly, and they don't get the right information, you will push

money elsewhere and there have been examples of outrageous executive pay

and poor governance. There are people that believe this isn't the

wake. We have seen business groups and investors called the proposals

we seen weird and counter`productive. They would. They

are not saying shareholders can go in and stop. It means they are made

aware and they can vote. If that means they have got more

shareholders, if you are a longer term shareholder, you are an owner

of that company. That's another issue, you have greater control or

influence as a longer term shareholder, rather than short`term

shareholding, they want to encourage longer`term equity shareholders.

Another area that is interesting is encouraging smaller companies. These

are the drivers of most list of nations. If you have smaller

companies, that is where the big companies of the future come from ``

most capitalist nations. These proposals hopefully will go some way

to making life easier and more to the point make it standard

throughout the EU. Just in, thanks very much.

As we mentioned in yesterday's programme, the world's top financial

policymakers are meeting in Washington for a summit of the IMF

and the European Central bank. There's a warning to the European

Central Bank to act as soon as possible to send off the threat of

the flexion amid worries about week Eurozone growth. We sat down with

the IMF's chief economist Olivier Blanchard and sent this report. Low

inflation is often seen as a good thing, unless you have too much of

it. Here at the IMF they have identified it as the biggest threat

to growth in the euro area. Why are you so concerned about low inflation

in Europe? We worry about low inflation, which is our baseline,

and about deviation, which is not our baseline, but is a risk. We

think the flexion is not a place you want to go, it makes interest rates

adjusted for inflation, making the cost of borrowing very high, makes

public and private debt dynamics very tough. We hope they don't get

there. How do they avoid getting there? The solution is to have

strong private demand largely. The ECB is part of the solution, it's

not the entire solution, though. What about Christine Lagarde's

statements that the ECB needs to do more? They are conscious of the

issue and they realise inflation is less than the implicit target, they

have expressed their worries. We also know they are looking at

various ways of doing more, and therefore we are just waiting for

them to do it. The head of the ECB Lario Draghi said the bank would act

as it saw fit. His comments in response to IMF pressure `` Mario

Draghi. That didn't stop the global economic watchdog from reiterating

its calls for the ECB to step up to its responsibilities.

Let's look at some other business news. You're US authorities have

fined General Motors for failing to respond to requests about 13 deaths

linked to faulty ignition is. They had given GM until the 3rd of April

to reply but it said a third of its 107 questions haven't been

answered. The carmaker is being fined $7,000 a day until it

complies. One of the world's biggest producers of aluminium ALCOA has

reported a first`quarter loss due to falling prices. It reported a loss

of $178 million to the three months until March. It has been hit by an

8% decline compared to the same period in 2013. Six banks have filed

a lawsuit against Olympus. They want $273 million in compensation for the

involvement in one of Japan's biggest accounting scandals in

2011. The scandal came to light after the company's British chief

executives turned whistleblower and revealed details of investment

losses the company hit for decades. If your idea of a cool job involves

flamboyant parties and networking with millionaires and this might

interest you. With more and more wealthy individuals in Singapore,

one woman has set up a business as a party planner to the stars. Lavish

themes and extravagant dinners are all her equivalent of a day in the

office. We have been to speak to Olga about what makes her profession

one of the coolest jobs. If you like Nottingham with celebrities and have

a flair for creativity then this may be the job for you. `` hobnobbing.

Olga is putting the finishing touches to a charity ball with

tickets costing thousands. Kevin Spacey, Ronan Keating, Diane Von

Furstenberg, these are just some of the famous names she has entertained

as part of her job as a party planner to the stars. Her clients

include Rolls`Royce, Cartier and American Express. Just some of the

big brands who call her when they want to throw extravagant events to

splash out on their high spending customers. When she's not on

location setting up she often works from home. So what makes your job

such a cool job? Well, I meet so many amazing people. So many famous

people, creative people, inspiring people. And I get to know them.

It's not all about fun and parties. While the sky's the limit for some

corporate events, not all of them will make a lot of money. For the

charity events it is a pro bono and I've been doing it for so many

years. For the client events, it depends on their overall budget and

I see how I can fit my feed into it. Do you think people come to you

because you offer something different, you have this European

sensibility, what makes you suited to this particular line of work? My

overall cultural background, I had my childhood in St Petersburg, I

learned how to play the violin, piano, I went to the School of arts,

this background and this education that I was given early in my life

gives me an opportunity to show this creativity through the events that I

stage. But don't let that stop you. If you

don't mind the adrenaline rush of working to tight deadlines, under

the pressure of demanding clients, and you can always think a step

ahead to the next party, then what Olga does may well appeal to you.

Let's look at the markets now before I go. Asian markets look like this.

The mic a currently down over to present. The rest of the Asian

markets looking pretty positive. The Hang Seng and Hong Kong just over

1%. That's it from me. Goodbye. `` the Nikkei.

The wife of a Royal Marines jailed for life for murdering an Afghan man

has spoken of her hope he will have his conviction overturned. Last year

Al Blackman, previously known as marine Eh, became the first

serviceman to be convicted of murder since the Second World War `` Marine

A. Once a warrior, now a criminal. The man