Browse content similar to 30/04/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
secretly recorded asking a girlfriend not to bring black people | :00:00. | 3:59:59 | |
to matches. Twitter shares plunge as they | :00:00. | :00:26. | |
struggle to lure new users and excite current ones with new | :00:27. | :00:33. | |
products. And, money should be spent on housing, not on the World Cup. So | :00:34. | :00:38. | |
say the squatters of Sao Paulo. This is the latest in our series on | :00:39. | :00:48. | |
Brazil's economy. Welcome to World Business Report. In | :00:49. | :00:52. | |
a moment we will be talking about the Japanese PM's tour of Europe, | :00:53. | :00:57. | |
but first, shares in Twitter sank after the country said its revenue | :00:58. | :01:03. | |
more than doubled `` Co. It is famous for making people think of | :01:04. | :01:11. | |
140 characters or less. Twitter has yet to make a profit. It says it | :01:12. | :01:17. | |
made a net loss of $132 million in the first few months of 2014. | :01:18. | :01:22. | |
However, it posted quarterly revenue of $250 million. $226 million of | :01:23. | :01:29. | |
which was made through advertising. The number of active users grew to | :01:30. | :01:37. | |
255 million. That is up 5.8% of the previous quarter, but lower than | :01:38. | :01:40. | |
expected. The data continues to suggest that it may only have a | :01:41. | :01:44. | |
future as a niche social network, so can it break out into a more | :01:45. | :01:54. | |
mass`market use? When Twitter went public last | :01:55. | :01:57. | |
November, the Bluebird soared. On its first trading day, shares rose | :01:58. | :02:04. | |
almost 73%. Not so after it reported its first quarter earnings, when the | :02:05. | :02:10. | |
stock fell nearly 10%. The microblogging site, which is yet to | :02:11. | :02:13. | |
make a profit, reported a net loss of $132 million. On the bright side, | :02:14. | :02:18. | |
revenue more than doubled, as it made more money from advertising. To | :02:19. | :02:25. | |
highlight its reach, the chief executive pointed to big events like | :02:26. | :02:31. | |
the Foster's. Two days after the Oscars, there were almost 2.3 | :02:32. | :02:36. | |
billion views of Tweets, just about the show. That kind of reach and | :02:37. | :02:45. | |
impact is why we now have TV partnerships in 11 countries, and it | :02:46. | :02:47. | |
has enabled us to build a partnership with billboards to | :02:48. | :02:54. | |
highlight the music of the moment. Here is why investors do you use | :02:55. | :03:01. | |
Twitter? No, I don't actually. I don't like to post my thoughts, and | :03:02. | :03:04. | |
they don't look at that kind of stuff. Do either of you use Twitter | :03:05. | :03:16. | |
? No, sorry. Twitter may not yet be mainstream, but it is still signing | :03:17. | :03:20. | |
up new users. The problem is that the pace at which they are being | :03:21. | :03:25. | |
added is slowing down, not what investors want to see from a young | :03:26. | :03:30. | |
tech company. 250 million monthly active users is a substantial | :03:31. | :03:35. | |
number. It makes it one of the largest social media platforms. But | :03:36. | :03:40. | |
there are a number of other comparable applications that seem to | :03:41. | :03:44. | |
be used by far more people far more regularly. Like Facebook. When it | :03:45. | :03:50. | |
was this size, new users were still rushing to sign up. Investors bought | :03:51. | :03:55. | |
into Twitter on the expectation of rapid growth. Even though the | :03:56. | :03:59. | |
company said it would make more money than previously forecast, it | :04:00. | :04:02. | |
wasn't enough to impress Wall Street. | :04:03. | :04:10. | |
Brazil's wealth has grown in the past decade, but deep inequalities | :04:11. | :04:16. | |
remain. Nowhere more so than in the country's biggest city of Sao Paulo. | :04:17. | :04:19. | |
Why the city has grown and property prices have risen, the number of | :04:20. | :04:27. | |
people in need of housing is rising, which gives momentum to squatters, | :04:28. | :04:29. | |
who say that money should be spent on housing, not on the World Cup. | :04:30. | :04:37. | |
This is one of Sao Paulo's newest neighbourhoods. It has no proper | :04:38. | :04:41. | |
plumbing, and no proper sewage system either. But, in less than six | :04:42. | :04:49. | |
months, 2000 people have moved in. Rebecca is one of them. At 35 she | :04:50. | :04:54. | |
recently separated, and couldn't afford the rent, so she now shares | :04:55. | :04:59. | |
this tent with a two children. This base is just big enough or two beds. | :05:00. | :05:04. | |
There is no electricity, and when it rains the water comes through the | :05:05. | :05:10. | |
roof on the floor turns to mud. Rebecca is a member of one of | :05:11. | :05:13. | |
several housing movements in the city. They occupy land, pressure the | :05:14. | :05:16. | |
government to provide decent housing. Officials say around | :05:17. | :05:24. | |
230,000 people in the city need housing. Others say that figure is | :05:25. | :05:31. | |
twice or three times that. It is not just empty parcels of land that have | :05:32. | :05:34. | |
been taken over. Here, in the centre of Sao Paulo, buildings that have | :05:35. | :05:38. | |
been left empty for years have increasingly been taken over by | :05:39. | :05:43. | |
housing movements. 170 families have lived in this building since they | :05:44. | :05:46. | |
first took it over nearly 18 months ago. It is in a part of town that | :05:47. | :05:51. | |
the wealthy long since abandoned, but even here, rents often exceed | :05:52. | :05:56. | |
the minimum wage of just over $300 a month. Here, they cook together, | :05:57. | :06:02. | |
clean together, and share the responsibilities. And it is all | :06:03. | :06:10. | |
overseen by this woman. TRANSLATION: The government is investing billions | :06:11. | :06:15. | |
for the World Cup on stadiums that don't even have enough people to | :06:16. | :06:18. | |
fill them, but they don't have money to invest in education and housing | :06:19. | :06:22. | |
and health. When we sit down at the table with them, they say they don't | :06:23. | :06:25. | |
have the funds. The government insists efforts are being made. | :06:26. | :06:29. | |
There are federal and statewide building programmes, and the | :06:30. | :06:33. | |
municipality in Sao Paulo also aims to build 15,000 new homes by 2016. | :06:34. | :06:42. | |
TRANSLATION: In eight years, the previous administration managed to | :06:43. | :06:48. | |
build no more than 24,000 houses, so we are more than doubling that | :06:49. | :06:51. | |
investment in building work for social housing in Sao Paulo. So, the | :06:52. | :06:59. | |
building project increase, but amid housing projects these movements are | :07:00. | :07:05. | |
gaining momentum. People here keep dreaming of a house. | :07:06. | :07:15. | |
Tomorrow, Katie will be looking at the problems facing Brazil as it | :07:16. | :07:18. | |
tries to build the infrastructure to match its growing economy. The | :07:19. | :07:24. | |
Japanese PM, Shinzo Abe, begins a 6`nation tour of Europe today. You | :07:25. | :07:27. | |
will be visiting Germany, Britain, Portugal, Spain, France and Belgium, | :07:28. | :07:33. | |
with the aim of expanding trade ties. It comes hot on the heels of | :07:34. | :07:37. | |
President Obama's meeting with Shinzo Abe in Tokyo. The US was | :07:38. | :07:47. | |
pushing for a major trade deal, called the Trans`Pacific | :07:48. | :07:49. | |
Partnership, but there was little progress. What is Shinzo Abe hoping | :07:50. | :07:54. | |
to achieve during his visit to Europe? Exactly what he didn't | :07:55. | :08:01. | |
achieve, I suppose, with President Obama on that recent visit. There | :08:02. | :08:06. | |
are high hopes this time around for some progress on Japan's trade pact | :08:07. | :08:12. | |
with the EU. They actually launched those talks about a year ago, trying | :08:13. | :08:17. | |
to boost business between the continent and Japan, which is the | :08:18. | :08:21. | |
world's third`largest economy. That is a potential tie`up that could | :08:22. | :08:27. | |
account for 40% of the global trade. This is a deal that some are saying | :08:28. | :08:31. | |
could even be struck before the DPP, and one analyst I spoke to said that | :08:32. | :08:35. | |
there are less trade barriers between Japan and the EU `` TPP. | :08:36. | :08:48. | |
Shinzo Abe's visit is seen to be an important diplomatic boost in trying | :08:49. | :08:54. | |
to win this agreement on the trade front. Earlier this month, we saw | :08:55. | :08:58. | |
Japan lifting a self`imposed ban on weapons exports, which could mean | :08:59. | :09:03. | |
more sales from European defence firms. France is one country that | :09:04. | :09:09. | |
has already said they will jointly work with Japan on things like | :09:10. | :09:13. | |
advanced helicopters, as well as submarines, and they are also going | :09:14. | :09:19. | |
to work with Japan on robotics and cyber defence. A lot to be achieved | :09:20. | :09:29. | |
on this visit. Let's have a look at how the markets | :09:30. | :09:34. | |
are getting on. For the most part, Asian markets are a mixed bag. | :09:35. | :09:38. | |
Previously, we had seen them higher on Wednesday, as investors looked | :09:39. | :09:43. | |
ahead to US economic data from central bank meetings in Washington | :09:44. | :09:44. | |
and Tokyo. You can reach me on Twitter. | :09:45. | :09:51. | |
Goodbye. We will get to the papers in a | :09:52. | :10:10. | |
moment, but first, proposals to introduce a new tier of local | :10:11. | :10:13. | |
officials to oversee school performance in England have been | :10:14. | :10:14. | |
announced by | :10:15. | :10:15. |