Browse content similar to 18/04/2014. Check below for episodes and series from the same categories and more!
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life. Those are the latest headlines. Now it is time for World | :00:00. | :00:00. | |
Business Report. Brace yourself. One of the motor industry 's most | :00:00. | :00:22. | |
iconic cars. It turns 50 to date and celebrating it birthday. The Ford | :00:23. | :00:27. | |
Mustang opened the New York auto show. More than 1000 feet above the | :00:28. | :00:32. | |
city. And France's newcomers that comes under fire after unveiling a | :00:33. | :00:37. | |
benefit freeze. All part of a plan to cut government spending by $70 | :00:38. | :00:46. | |
billion. Hello everyone. Welcome to the | :00:47. | :00:53. | |
programme. It is a fascinating and exciting snapshot of all the latest | :00:54. | :00:56. | |
in the world of business and money. It is brief but good. We will also | :00:57. | :01:03. | |
talk about Cambodian garment workers. They are striking and we | :01:04. | :01:09. | |
will go live to our correspondent. With the Detroit and Geneva shows, | :01:10. | :01:13. | |
they are behind us. The car industry 's attention is turning to the | :01:14. | :01:18. | |
yorker the show. `` New York auto show. Ford revealed a special | :01:19. | :01:26. | |
limited edition. To prove America's love affair with the car, Ford took | :01:27. | :01:33. | |
it to new heights. Literally. Just have a look. We've got it. This is | :01:34. | :01:40. | |
how they did it. How do they get a Mustang on top of the roof of the | :01:41. | :01:45. | |
Empire State. They cut it up in five pieces, shoved it in elevated and | :01:46. | :01:49. | |
assembled it late at night. This is exactly what they are doing. And | :01:50. | :01:59. | |
they were very speedily. This is why the public viewing platform was | :02:00. | :02:02. | |
closed. This is how they did it. Almost there. I don't think there is | :02:03. | :02:08. | |
an engine in there but that is OK, it will not drive around. There we | :02:09. | :02:13. | |
go! The 50th edition of the Ford Mustang. Before the whole... New | :02:14. | :02:25. | |
York auto show, the CEO, he was in town to promote its latest model. | :02:26. | :02:30. | |
Our correspondent caught up with him. She began by asking him, given | :02:31. | :02:35. | |
Ford has three factories in Ukraine, she asked about what impact | :02:36. | :02:43. | |
sanctions would have. Clearly we take the long view in | :02:44. | :02:49. | |
Russia. We view it as an important market and potentially, in the next | :02:50. | :02:51. | |
couple of years, could be the largest market in Europe. We do have | :02:52. | :02:56. | |
three facilities there and are watching the situation very closely. | :02:57. | :03:04. | |
Has there been any backlash? No. Actually, when you look at our | :03:05. | :03:08. | |
business there, what impact it more is just the general economic | :03:09. | :03:12. | |
performance of the economy there. We have had to match our reduction to | :03:13. | :03:17. | |
demand that we have had to take some production out. Just looking at the | :03:18. | :03:23. | |
business environment and reacting appropriately. We have not seen any | :03:24. | :03:29. | |
backlash against our business. Where are most of the jobs being added? | :03:30. | :03:33. | |
Yarmouk we will be adding 11,000 jobs around the world. 5000 of those | :03:34. | :03:40. | |
jobs will be here in the US and the remaining 6000 will be in the | :03:41. | :03:45. | |
Asia`Pacific. Europe has not been doing well but other regions are | :03:46. | :03:49. | |
growing. How do you decide where to allocate resources? When you look at | :03:50. | :03:53. | |
our footprint, the great news is the Ford business is growing around the | :03:54. | :03:57. | |
world. When you look in our market share, we were going in every region | :03:58. | :04:04. | |
of the world. Our approach as a company is to make sure we match | :04:05. | :04:07. | |
capacity to demand. We have done that here in the US. We are exactly | :04:08. | :04:15. | |
on plan on our transformation plan in Europe. We did have to close some | :04:16. | :04:20. | |
facilities to match the demand to the production. We are starting to | :04:21. | :04:23. | |
see the market comeback. Our shares are growing. I think we are | :04:24. | :04:29. | |
satisfied there. Most of our capacity growth is in Asia`Pacific. | :04:30. | :04:38. | |
There you go. From Hume, to this man. Manuel Valls, the new tough | :04:39. | :04:44. | |
talking Prime Minister of France. He has been brought in to reform the | :04:45. | :04:49. | |
economy. It certainly is needed. And at the same time, said his party. It | :04:50. | :04:52. | |
is quite a challenge because an implement in France is now over 11%. | :04:53. | :04:59. | |
It is an astonishing number. Growth is that in France and the debt | :05:00. | :05:02. | |
continues to rise. Last week, the French and announced they would miss | :05:03. | :05:07. | |
the deficit target they pledged to the rest of Europe. Manuel Valls, | :05:08. | :05:13. | |
known as a social democrat is not popular with the left of his party. | :05:14. | :05:16. | |
There have been angry reactions to the cuts he has put forward. They | :05:17. | :05:26. | |
call him the French Tony Blair. A plain talking politician who tells | :05:27. | :05:29. | |
his party in must change if it wants to survive. His appointment as Prime | :05:30. | :05:34. | |
Minister suggests that Francois Hollande is serious about the new | :05:35. | :05:37. | |
Veszpremi policy he announced in January. But can Manuel Valls sell | :05:38. | :05:45. | |
it to the left wing of the party? He knows that the Prime Minister 's | :05:46. | :05:50. | |
office is not a gift. It is a pain. Extremely painful and difficult. | :05:51. | :05:55. | |
Particularly now. He knows what he is doing. It helps that Manuel Valls | :05:56. | :06:02. | |
was formerly a spin doctor and while interior Minister, he had a | :06:03. | :06:04. | |
reputation for delivering what he promised. The president does not | :06:05. | :06:10. | |
have the same reputation. This is a big gamble for the president. In | :06:11. | :06:14. | |
recent weeks, Francois Hollande's approval rating has fallen. While | :06:15. | :06:20. | |
the rating of Manuel Valls is at a stratospheric 58%. It's as if, in | :06:21. | :06:24. | |
the eyes of the French, the new Prime Minister is a real leader of | :06:25. | :06:28. | |
France while Francois Hollande has been delegated to the rank of | :06:29. | :06:34. | |
ceremonial president. Manuel Valls has no experience of running the | :06:35. | :06:38. | |
economy but he is winning plaudits. In Berlin, he announced cuts of 50 | :06:39. | :06:42. | |
billion euros in gunmen spending over three years. And he has | :06:43. | :06:46. | |
promised solutions to the soaring cost of French labour. You'll it has | :06:47. | :06:59. | |
been extremely painful. It means that now there is such a gap that | :07:00. | :07:08. | |
there are question marks, where will they go? Those on the left estate | :07:09. | :07:13. | |
Manuel Valls should not be cutting spending and a time when growth is | :07:14. | :07:16. | |
stagnant. The concessions he is offering to employers are dismissed | :07:17. | :07:19. | |
as the policies of the right. The kind of reforms that could split the | :07:20. | :07:27. | |
party. We are hoping for an extension of confidence. For each | :07:28. | :07:32. | |
vote when we are not in agreement, we will vote against. So, Manuel | :07:33. | :07:39. | |
Valls, will have to tread a delicate lime. His first test comes in a fume | :07:40. | :07:45. | |
weeks when spending goes to wait Parliamentary vote of confidence. | :07:46. | :07:49. | |
Manuel Valls may find he has left move `` room to manoeuvre. It might | :07:50. | :07:52. | |
explain why Francois Hollande appointed him. He has a tough job. | :07:53. | :08:00. | |
It took about trade unions in Cambodia. They are hoping as many as | :08:01. | :08:06. | |
half of the country would he showing up to work starting from today. | :08:07. | :08:09. | |
There's coffer in nationwide strike to demand a higher minimum wage and | :08:10. | :08:16. | |
the release of 21 protesters who were imprisoned in the last round of | :08:17. | :08:20. | |
strikes back in January. That go to the man himself in our Singapore | :08:21. | :08:24. | |
office. I don't get enough time to talk to you these days. Let me talk | :08:25. | :08:30. | |
about this, we have talked about the problems facing the Bangladeshi | :08:31. | :08:35. | |
garment workers. What are we seeing in Cambodia? Is this part of a wider | :08:36. | :08:41. | |
movement in the region with what's going on with garment workers? If | :08:42. | :08:46. | |
you look at Cambodia, it is just like a good bash. A major garment | :08:47. | :08:50. | |
factory have. Groups say that workers there, just like Bangladesh, | :08:51. | :08:55. | |
are underpaid. Thousands of garment workers are staying home as part of | :08:56. | :09:00. | |
protest actions demanding higher salaries. Cambodian workers are | :09:01. | :09:07. | |
demanding an increase in the minimum wage to 100 and 60 US dollars per | :09:08. | :09:11. | |
month. Versus the current 100 US dollars. The organisation | :09:12. | :09:16. | |
representing workers claimed none of the workers today are protesting but | :09:17. | :09:23. | |
are just taking extra time of due to the New Year. One analyst said this | :09:24. | :09:29. | |
strike is a litmus test on the strength of the unions. If they | :09:30. | :09:33. | |
could follow through with these demands after the violence in | :09:34. | :09:39. | |
January and saw the arrest of 21 demonstrators. Very briefly, | :09:40. | :09:47. | |
investors... They jumped on the Weibo bandwagon yesterday? They did. | :09:48. | :09:54. | |
It was up by 20%. There have been worries that the company 's | :09:55. | :09:59. | |
performance would be affected by the recent sell`off of technology stocks | :10:00. | :10:05. | |
and censorship. Traders say what makes Weibo attractive to investors | :10:06. | :10:13. | |
is that it trades at a major discount to Twitter. Thank you. | :10:14. | :10:25. | |
Treat me and follow me. I have got to go. I will be back shortly to | :10:26. | :10:28. | |
take a look at the newspapers. I told you to brace yourself. Let's | :10:29. | :10:44. | |
have a look at some UK stories. The two biggest teachers union in | :10:45. | :10:48. | |
England and Wales are holding their annual conferences and both are | :10:49. | :10:51. | |
likely to step up their campaign of industrial | :10:52. | :10:53. |