:00:00. > :00:00.Those are the latest headlines from BBC World News. Now for the latest
:00:00. > :00:18.financial news with World Business Report. The world's biggest computer
:00:19. > :00:24.maker Lenovo takes on Samsung and Apple in the race for smartphone
:00:25. > :00:26.sales. No cash, no customers, and no sign of improvement, how Crimean
:00:27. > :00:41.firms are coping in the ongoing crisis in Ukraine. Welcome to World
:00:42. > :00:44.Business Report. I'm Sally Bundock. Also in the programme, what is
:00:45. > :00:50.Donald Trump up to in Dubai? We'll have the details. But first: It is
:00:51. > :00:53.known as the world's biggest PC maker but, as of this year, Lenovo
:00:54. > :00:58.is actually selling more phones and tablets than old`fashioned PCs. At
:00:59. > :01:00.the start of 2014, the Chinese company announced it would pay
:01:01. > :01:07.Google $3 billion for its mobile arm, Motorola. We'll find out how
:01:08. > :01:10.the Motorola brand will feature in Lenovo's big push into the US and
:01:11. > :01:20.Europe, when it unveils earnings shortly. The BBC's Juliana Liu joins
:01:21. > :01:32.us from our bureau in Hong Kong. The EU. What are we expecting Lenovo ``
:01:33. > :01:35.nice to see EU. We expecting Lenovo to say later today? They will
:01:36. > :01:42.examine their financial performance for the past year. Expecting fairly
:01:43. > :01:46.strong figures for the first three months of 2014. Just a few months
:01:47. > :01:51.ago they told us that revenue and profits were at record highs. So not
:01:52. > :01:56.much of a surprise on that right. But as you say, analysts and media
:01:57. > :01:59.will flock to their press conference later today to really see what the
:02:00. > :02:04.executives have to say about how they plan to integrate those two
:02:05. > :02:09.enormous purchases that you have just talked about. They made them
:02:10. > :02:14.for $5 billion in the space of a week. Lots of concern about how they
:02:15. > :02:19.actually plan to integrate those two enormous his Mrs. The company says
:02:20. > :02:22.it may take about the year. But analysts suspect it could take two
:02:23. > :02:28.or three years. How disruptive could Lenovo be in the smartphone market
:02:29. > :02:32.Rees are Apple and Samsung actually worried at the moment Rees as you
:02:33. > :02:38.know, Lenovo is number one in terms of PC sales around the world. But
:02:39. > :02:44.those sales are also falling. So... They have really done that. At
:02:45. > :02:48.Lenovo say it is a global company, but it is really very well`known.
:02:49. > :02:53.Its business is really buttressed I how well they do in China. So by
:02:54. > :02:58.purchasing the Motorola brand which is still fairly strong in the US and
:02:59. > :03:02.Europe, that is essentially their strategy for cracking into those
:03:03. > :03:06.markets. Thank you very much indeed. Apologies that we lost the line
:03:07. > :03:13.there for a moment. But we persevered. In other news: The US
:03:14. > :03:15.Senate is set to confirm the appointment of world`renowned
:03:16. > :03:18.economist Stanley Fischer to the Federal Reserve on Wednesday. The
:03:19. > :03:21.former Bank of Israel Governor will become Janet Yellen's number two on
:03:22. > :03:24.the committee that sets the cost of borrowing in the world's biggest
:03:25. > :03:26.economy. During his long academic career, the 70`year old taught
:03:27. > :03:29.former Fed chief Ben Bernanke and current European Central bank boss
:03:30. > :03:32.Mario Draghi. Taiwan's Vice Economic Minister is in Hanoi to ask for
:03:33. > :03:38.compensation from the Vietnamese government for Taiwanese companies
:03:39. > :03:41.hit by recent anti`China protests. Hundreds of foreign`owned businesses
:03:42. > :03:44.were attacked. Some were even set alight. The violence came after
:03:45. > :03:57.China chose to send a deep`water oil drilling rig into contested waters
:03:58. > :04:02.in the South China Sea. Taylor Swift is being sued for breaking trademark
:04:03. > :04:07.rules. The country star claims that 13 is her lucky number but it proved
:04:08. > :04:14.unlucky when she started using it in her clothing range. Californian
:04:15. > :04:21.company Blue Sphere says it registered the trademark two decade
:04:22. > :04:26.ago. It has started an injunction to prevent her using the term on her
:04:27. > :04:29.merchandise. Two months after Crimea was annexed by Russia, local
:04:30. > :04:32.residents are still trying to adjust to new realities. Disruptions in
:04:33. > :04:34.daily life mean that simple things like withdrawing money turn into a
:04:35. > :04:41.painful process. But many are hopeful that Russia will bring them
:04:42. > :04:51.positive changes. Abdujalil Abdurasulov reports from Crimea. One
:04:52. > :04:57.of the first things these Crimean villagers have got from Russia is
:04:58. > :05:06.gas. The new leader of Crimea is seen here opening a gas distribution
:05:07. > :05:10.station in this village. It was the sight of a military stand`off just a
:05:11. > :05:16.few months ago. The mood elsewhere is not so cheerful. Many residents
:05:17. > :05:19.cannot make any monetary transactions since their banks are
:05:20. > :05:25.now closed. Most cash machines are not working either. There are also
:05:26. > :05:36.big queues to apply for Russian passports. The list already includes
:05:37. > :05:43.more than 15,000 people. This man is number 4235. He is anxious to get
:05:44. > :05:46.his new passport. TRANSLATION: I can't register a car or get a driver
:05:47. > :05:55.'s licence without a Russian passport. Schools are also adjusting
:05:56. > :05:59.to the new realities. Teachers in this high school will spend a busy
:06:00. > :06:03.summer studying the Russian curriculum. Students will get new
:06:04. > :06:09.Russian textbooks. But the school also has classes with Ukrainian as
:06:10. > :06:16.the main language. It is not clear what will happen to them.
:06:17. > :06:21.TRANSLATION: Ukrainian language would definitely be studied as one
:06:22. > :06:24.of the subjects. It is up to the parents if they want to keep their
:06:25. > :06:31.kids in classes that are fully taught in Ukrainian. Businesses are
:06:32. > :06:36.facing challenges as well. Tourism is the main source of income for
:06:37. > :06:41.many residents in Crimea. And since most tourists come from Russia and
:06:42. > :06:45.Ukraine, many fear that the latest developments in the region may
:06:46. > :06:53.seriously affect their businesses. This hotel is half empty compared to
:06:54. > :06:57.its status this time last year. Yet its manager is optimistic. He
:06:58. > :07:03.expects a significant increase of tourism from Russia. But if Ukraine
:07:04. > :07:08.remained unstable, transport to Crimea could be quite propagated.
:07:09. > :07:17.That would make it hard to convince Russians and Ukrainians to spend
:07:18. > :07:21.their holidays here. Let's tell you what this man is up to. Some
:07:22. > :07:24.consider him larger than life. Three years after his plan to build
:07:25. > :07:27.another Trump Tower in Dubai was scrapped, Donald Trump, the New York
:07:28. > :07:30.real`estate mogul, is back in the desert sheikdom with a new project:
:07:31. > :07:33.a vast luxury complex on the outskirts of the city, comprising
:07:34. > :07:36.what he describes as a 'Trump International' golf course and 104
:07:37. > :07:49.luxury villas. The BBC's Mark Lobel met him. Donald Trump's rands
:07:50. > :07:54.monopolise Dubai's billboards. The property tycoon is back. And
:07:55. > :07:59.apparently unfazed eye near miss a few years ago. Launched to fanfare
:08:00. > :08:05.in 2008, this much heralded multibillion`dollar trump hotel and
:08:06. > :08:12.apartment project never got off the ground. Well, the market crashed,
:08:13. > :08:16.the world crashed. Dubai was not welding and we decided not to do
:08:17. > :08:20.that job. It was a good we didn't cause it would have obviously been
:08:21. > :08:24.not so good. But we got very lucky and didn't go forward at that time.
:08:25. > :08:32.Other high and projects planned for Dubai, like Tiger Woods' golf estate
:08:33. > :08:37.had to be put on hold when the market collapsed. Now Donald Trump
:08:38. > :08:42.is going on with his plans began. He got us here to show us the latest
:08:43. > :08:48.stage of his vision on an empty piece of her dumb act land which
:08:49. > :08:50.will turn into one of the world's greatest golf courses. We wanted to
:08:51. > :08:56.find out how confident he is in Dubai's new growth. There are so
:08:57. > :09:01.many places to go, but Dubai is a solid investment. It is a great
:09:02. > :09:06.people. It is a vibrant place, and the people are vibrant and smart. I
:09:07. > :09:09.would say, it is a safe haven, relatively speaking. But what is
:09:10. > :09:18.really safe? People love to invest in Dubai because they like Dubai.
:09:19. > :09:23.104 villas, some of which are priced at $10 million, are for sale on the
:09:24. > :09:25.golf estate which should be functional in under three years.
:09:26. > :09:32.Despite his enthusiasm for the project, Mr Trump would not disclose
:09:33. > :09:39.how much he is personally investing. I have my name at stake also. It is
:09:40. > :09:43.a very big stake. When I do any job I want to make sure that job is
:09:44. > :09:50.going to be successful. The billionaire must be hoping it is
:09:51. > :09:55.second time lucky. Let's have a look at the markets. The Bank of Japan
:09:56. > :09:58.had its regular meeting and decided to keep its stimulus programme
:09:59. > :10:02.unchanged. So no more or less monetary easing going on in Japan.
:10:03. > :10:07.They are confident the economy is doing well. That is despite the
:10:08. > :10:11.introduction of a sales tax at the beginning of April. At the yen is at
:10:12. > :10:16.eight 3.5 month high against the dollar. The close of the US did not
:10:17. > :10:31.help sentiment in Asia either. I will see you soon. Many thanks to
:10:32. > :10:38.Sally. We will look at the papers in a moment, but first, letters are
:10:39. > :10:39.being sent to thousands