:00:00. > :00:22.responsibility for killing her. Those are the headlines for you. Now
:00:23. > :00:29.it's over to the business news. A big surprise in China as exports and
:00:30. > :00:34.imports shoot up. What does it mean? And it's the latest technology gold
:00:35. > :00:39.rush. Health apps that claim they measure everything from diabetes to
:00:40. > :00:46.glucose levels. Is it time for regulation? Hello and a warm welcome
:00:47. > :00:48.to this edition of World Business Report.
:00:49. > :00:53.In a moment, we'll look at the state of the Greek economy. But first to
:00:54. > :00:56.China where exports unexpectedly fell in March while inport growth
:00:57. > :01:02.was the weakest in 13 months. However, the country's Customs
:01:03. > :01:06.Bureau sounded an optimistic note saying that it saw a pick`up due to
:01:07. > :01:14.an improving trade environment. Now, let's look at the figures. Exports
:01:15. > :01:18.dropped 6. 6% in March as analysts expected a positive number. And the
:01:19. > :01:23.import side saw a fall of 11. 3%. Here, too, a positive number was
:01:24. > :01:27.expected. It's a bit more worrying as it may point to some weakness in
:01:28. > :01:35.China's own economy. All of this left March with a trade surplus of
:01:36. > :01:40.$#. 7 billion. Let's talk to Martin Patience. Disappointing figures here
:01:41. > :01:44.though some would say that this they compare to last year's figures that
:01:45. > :01:47.weren't as regulated as we could have expected? That's right. When
:01:48. > :01:52.you speak to analysts, they'll say that you need to take the figures
:01:53. > :01:57.with a pinch of salt. And many say that last year, exporters, not all
:01:58. > :02:00.exporters, but some exporters were actually inflating the price of
:02:01. > :02:04.their goods that had been sent abroad. What they reported was
:02:05. > :02:12.actually higher than the amount sent. And the reason they were doing
:02:13. > :02:17.that was in order to bring capital cash in to China. Many analysts are
:02:18. > :02:23.saying that actually, as you were pointing out, we don't have a
:02:24. > :02:26.straight comparison here and what we are seeing here is possibly a
:02:27. > :02:32.correction. Certainly the authorities have said that they are
:02:33. > :02:36.going to crack down on false data and they said this last month saying
:02:37. > :02:42.that this could harm the world's second largest economy. Because the
:02:43. > :02:46.discemancy is huge, isn't it? `` discrepancy is huge, isn't it? It
:02:47. > :02:49.seems too big to be realistic? Yes, some would say that the discrepancy
:02:50. > :02:54.is huge. Others would say that you have to look at other factors.
:02:55. > :02:57.Demand, perhaps, isn't growing as strongly as China would like. It's
:02:58. > :03:02.interesting ` we also had comments from Chinese officials saying that
:03:03. > :03:07.they were facing increased competition in terms of neighbouring
:03:08. > :03:12.countries, so China, when you look at it, is as a manufacturing base,
:03:13. > :03:16.certainly salaries are beginning to rise. China is becoming a more
:03:17. > :03:20.expensive place to do business. The economic model here has been built
:03:21. > :03:24.on exporting cheap goods, and some companies will be looking to other
:03:25. > :03:28.countries for other opportunities. There is some suggestion that may be
:03:29. > :03:33.happening. Coupled with the correction in the figures, that's
:03:34. > :03:37.what many analysts believe has led to this big surprise today. OK, good
:03:38. > :03:42.to talk to you. Thank you. Now, nowadays, there are no fewer
:03:43. > :03:46.than 100,000 different mobile apps on the market to help you monitor
:03:47. > :03:50.your health. Using a smartphone, you can monitor your blood pressure and
:03:51. > :03:53.insulin levels or the amount of daily exercise. All of this could
:03:54. > :03:56.make people look after their health much better and slash healthcare
:03:57. > :03:59.costs. But the European Commission suspects that the growth of the
:04:00. > :04:04.mobile health industry carries risk as well. In a Green Paper to be
:04:05. > :04:12.released in a few hours time, it's recommending new regulations to
:04:13. > :04:17.govern the sector. Genetic Digital ` a British company
:04:18. > :04:22.` has developed an app for doctors to showcase their risk of getting
:04:23. > :04:26.liver disease. It makes the medical data understandable. The amber light
:04:27. > :04:30.means a moderate risk and red is high. This is one of 100,000 apps on
:04:31. > :04:34.the market which help people to track their health. For healthcare
:04:35. > :04:39.professionals, there are definite benefits in being able to help
:04:40. > :04:45.reduce consulting times, to help transmit information more quickly to
:04:46. > :04:48.other doctors. To integrate patient services with the surgery to their
:04:49. > :04:53.patients. So there are lots of very good reasons for doing it. No fewer
:04:54. > :04:59.than 500 new health apps come out every week. Most are sold through
:05:00. > :05:04.online stores like iTunes or Google. Currently, it's up to the stores
:05:05. > :05:08.themselves to judge which apps are good enough to go on sale. But with
:05:09. > :05:15.so many products to sort through, there's always the risk that a rogue
:05:16. > :05:21.app will creep on to the market. One which is unreliable or misleading.
:05:22. > :05:27.We've developed it both for Type 1 and Type 2 diabetes. The head of
:05:28. > :05:31.technology at Diabetes UK demonstrates its app for diabetics
:05:32. > :05:35.to track their blood sugar levels. But there are hundreds of diabetes
:05:36. > :05:39.apps available, he says, and they work in wildly different ways. For a
:05:40. > :05:42.doctor, you're going to be faced with quite a difficult and confusing
:05:43. > :05:48.situation with apps measuring different things in different ways,
:05:49. > :05:50.and therefore, being able to make consistent clinical judgements will
:05:51. > :05:55.prove to be difficult unless there is either one app, which is probably
:05:56. > :05:58.not a good situation, or if there's a common standard, which is one of
:05:59. > :06:03.the things that the ECB Green Paper is looking for. The Commission
:06:04. > :06:07.believes that with ever more patients tracking their health with
:06:08. > :06:12.apps, medical care costs in Europe could fall by $140 billion in the
:06:13. > :06:16.next three years. So it is reluctant to stifle apps makers with over
:06:17. > :06:21.regulation. But to protect the most vulnerable patients, it says that
:06:22. > :06:29.this huge new industry needs ground rules.
:06:30. > :06:33.Now, on Tuesday, Greece sold 6`month Treasury bills at the lowest since
:06:34. > :06:36.2010. Most of the buyers were foreign. Today, it's planning a
:06:37. > :06:39.return to the international bond markets to are the first time in
:06:40. > :06:43.four years with the sale of 5`year euro bonds. But even though the
:06:44. > :06:49.country's borrowing costs are down and there are no longer fears that
:06:50. > :06:53.Greece will crash, how much has the economic situation really improved.
:06:54. > :06:58.Let's talk to the Foreign Exchange Strategy at CICB. Good to talk to
:06:59. > :07:01.you. Leaders have been preaching about austerity for years and how it
:07:02. > :07:04.works and can turn your economy around. Do you think that this is
:07:05. > :07:11.proof that they're right? I wouldn't say that it is compelling proof, but
:07:12. > :07:14.it is a realisation that Greece is being rehabilitated and it is being
:07:15. > :07:18.allowed access to the international bond markets. That's good news for
:07:19. > :07:24.the Greek government ahead of the European elections late next month.
:07:25. > :07:27.Of course, the bond sale reflects optimism about Greece but it's been
:07:28. > :07:33.a long and difficult road to get here with wage cuts and lay`offs. Is
:07:34. > :07:37.it a price worth way paying for the Greek economy? We've seen the
:07:38. > :07:40.economy shrink and unemployment running at 28%. That's the total
:07:41. > :07:43.rate of unemployment. If you look at youth unemployment, it's more than
:07:44. > :07:46.50%. So the price is hugely significant. The question is, of
:07:47. > :07:50.course, what would have been the alternative? Because the Greeks were
:07:51. > :07:53.under the umbrella of the eurozone so there were few and scant
:07:54. > :07:57.alternatives. So you could argue that the pain has been undergone.
:07:58. > :08:00.There are signs of optimism starting to come through. There are signs
:08:01. > :08:06.that the eurozone, in general, is growing. That will filter through in
:08:07. > :08:14.to the rest of the periphery and that will encourage some return of
:08:15. > :08:19.growth in grease. E. `` Greece. OK, thank you very much.
:08:20. > :08:22.Other news now and Wal`Mart is going ahead with its plans to build
:08:23. > :08:27.another 50 wholesale stores in India in the next five years. That's
:08:28. > :08:30.despite possible policy changes that should arise should a new government
:08:31. > :08:34.win the election. Today to mark a turning point in the elections as
:08:35. > :08:40.voters go to the polls in 14 states across the country.
:08:41. > :08:46.BP holds its AGM at the Excel Centre in London. The CEO will be under
:08:47. > :08:51.pressure to address issues surrounding the company's 20% stake
:08:52. > :08:55.in a Russian company amid fears that Vladimir Putin could assets.
:08:56. > :09:00.Investors will want to know how exposed the company is if events in
:09:01. > :09:06.Ukraine unravel. And the Bank of America has agreed
:09:07. > :09:10.to pay $783 million in fines and refunds amid accusations that it
:09:11. > :09:14.misled customers about credit card services. Some $45 million of that
:09:15. > :09:20.money will be paid in penalties to US regulators. The payout relates to
:09:21. > :09:24.the lending giant's marketing of the payment and identity theft services
:09:25. > :09:29.from 2010 to 2012. Let's take a look at the markets
:09:30. > :09:35.before I go. And this is what the Asian markets look like right now.
:09:36. > :09:42.We've seen the Nikkei have caution amongst investors in Japan after the
:09:43. > :09:48.Bank of Japan's words earlier talking about a lack of monetary
:09:49. > :09:52.policy coming up. The China trade figures not having as big an impact
:09:53. > :09:55.as you would expect. That's it from me and the team. Do stay watching.
:09:56. > :10:09.Goodbye. Most graduates in England will still
:10:10. > :10:15.be paying back their student loans until they're in their early 50s
:10:16. > :10:21.according to the Institute of Fiscal Studies. The ministers say that the
:10:22. > :10:22.fees are helping poorer students. Studying at university has long