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