:00:00. > :00:00.used rocks and said police cars on fire. Those are the latest headline.
:00:00. > :00:19.Now for the latest financial news with Sally.
:00:20. > :00:47.Real power, Alstom agreed on an energy deal. And agrees on a fine
:00:48. > :00:51.for breaking US sanctions. Hello, and a very warm welcome to the World
:00:52. > :00:54.Business Report. Also in the programme, we will hear why the
:00:55. > :00:59.World Cup may be bad for is that what good for Brazil's economy.
:01:00. > :01:10.First, after weeks of diplomacy, the air miles have paid for the GE boss.
:01:11. > :01:22.General Electric will take control of Alstom business, but it does come
:01:23. > :01:29.with strings attached. Estate will also retain control over strategic
:01:30. > :01:38.energy assets such as the nuclear power plans. It was said that the
:01:39. > :01:46.deal prevented France from becoming a giant shopping centre. Our
:01:47. > :01:52.reporter has more. Alstom has flown the flag for French industry for
:01:53. > :01:56.many years. It builds and maintains some of the
:01:57. > :02:01.world 's fastest and most heavily used railway trains. Yet, even after
:02:02. > :02:07.a 3 billion euros state bailout 11 years ago, it can't live with its
:02:08. > :02:16.mountain of debt. It has to sell more assets. Steaming to the rescue
:02:17. > :02:22.with a $17 billion is America's GE. It is offering enough cash to wipe
:02:23. > :02:29.out the French company's or rings with plenty of cash to spare. Bite,
:02:30. > :02:39.there is a stack. The sale is political dynamite. Demanded
:02:40. > :02:54.alternatives and last week, he got one. It all hangs, says this merger
:02:55. > :02:58.specialist, on whether the government deemed any of the bids to
:02:59. > :03:08.protect enough of its key industries. The GE offer is the
:03:09. > :03:12.splitting of the company, breaking it up into the energy business and
:03:13. > :03:18.the train 's business. The French government was a particular keen on
:03:19. > :03:22.that and has asked both sides to come back with better offers.
:03:23. > :03:29.Whether they will, we will have to see. A flurry of talks in Paris
:03:30. > :03:36.ended with the GE offering more job promises and potential energy
:03:37. > :03:40.alliances with Alstom. While the transaction was seemingly dead in
:03:41. > :03:55.the water, President lines was backing the offer `` Hollande.
:03:56. > :04:04.Francois Hollande was not so happy with this next five. According to
:04:05. > :04:08.reports in the Wall Street Journal, the French bank is also expected to
:04:09. > :04:12.plead guilty to at least one criminal charge and may be banned
:04:13. > :04:19.from trading in the United dates `` in US dollars for a period of time.
:04:20. > :04:24.The US Department looks set to announce these details very soon. To
:04:25. > :04:47.talk through some of this, I am joined by the director. A big blow
:04:48. > :04:53.for one of its biggest lenders, . Yes, this is a big fines. I don't
:04:54. > :04:57.think it is catastrophic, I am short BNP Paribas shares will be
:04:58. > :05:08.absolutely clobbered when markets open today. The broader question,
:05:09. > :05:16.talked about the financial stability. I do think it shows that
:05:17. > :05:20.the dangers within the eurozone banking system have not gone away.
:05:21. > :05:25.Markets have been behaving as though they have, as though the problems
:05:26. > :05:29.have gone and it just shows that these things can sometimes come out
:05:30. > :05:34.of left field. It is actually nothing to do with the eurozone, it
:05:35. > :05:42.is a problem elsewhere. As you say, it is a big number, it eclipses that
:05:43. > :05:49.paid by others. It shows that US regulators are really going after
:05:50. > :05:56.these situations but what about this decision to ban them from trading in
:05:57. > :06:01.US dollars for a matter of months? That Premat locks BNP Paribas out of
:06:02. > :06:07.business for a while, doesn't it? Yes, you would think that is the
:06:08. > :06:15.most serious part of the issue. To be cut out of US dollars trading is
:06:16. > :06:18.effectively to be cut out of global markets and how long that goes on
:06:19. > :06:25.for will determine how big the hit is. Thank you for your thoughts on
:06:26. > :06:30.this. Tom will return and talk through the papers. As soon as we
:06:31. > :06:36.get any confirmation on those details, we will let you know. Let's
:06:37. > :06:39.look at some other stories. Bulgaria's government says it is
:06:40. > :06:43.ready to put money into the country 's four figures bank to head off a
:06:44. > :06:50.crisis in Bulgaria's financial sector. On Friday, they were forced
:06:51. > :06:58.to take control of a commercial bank after customers queued up to take
:06:59. > :07:05.their money out. The bank has debts of more than three and a half
:07:06. > :07:09.billion dollars. Google has much most of the outside
:07:10. > :07:18.world with Street view, now it aims to open our homes. The Startup
:07:19. > :07:26.technology allows you to monitor your home remotely from your home or
:07:27. > :07:35.computer. It means customers will be able to control everything, from the
:07:36. > :07:43.temperature too many cans `` nanny`cams.
:07:44. > :07:48.Retailers and businesses are closing early to watch the Brazil game is,
:07:49. > :07:52.cities are coming to a standstill, so what effect is this having on the
:07:53. > :08:00.economy that is already slowing down? Our reporter has more from Sao
:08:01. > :08:03.Paulo. When the Brazilian team is playing,
:08:04. > :08:08.traffic ahead of the game is not pretty. Everyone wants to get home
:08:09. > :08:13.to watch the match. For those who can't make it, businesses are still
:08:14. > :08:17.making time for football. This past a shop closes for each game,
:08:18. > :08:23.employee is getting to watch each game. With banks and other
:08:24. > :08:27.businesses, it is like a public holiday. A close and don't reopen
:08:28. > :08:32.after the match because you have to be careful, the bank isn't open,
:08:33. > :08:38.neither is the post office. If you leave it too late to pay a bill, you
:08:39. > :08:42.will struggle. Brazilians have priority. Sao Paulo is Brazil's
:08:43. > :08:47.financial capital and its biggest city. I am on a commercial Street
:08:48. > :08:54.that is normally packed, and it is rush`hour. As you can see, all the
:08:55. > :08:59.stores are closed. Business is taking time off. While the
:09:00. > :09:07.Brazilians are taking time to enjoy the tournament, the economy grew by
:09:08. > :09:12.just not .3% in this half of the year, people were very negative
:09:13. > :09:18.about the prospects in the run`up to the World Cup. I think that the
:09:19. > :09:26.confidence of the country is gradually improving as the
:09:27. > :09:35.tournament is evolving. I think that it could help little bit. For Bruno
:09:36. > :09:44.and his past a company, his workers are happy, even if their team
:09:45. > :09:54.doesn't always score. It has been a bumpy day. Markets.
:09:55. > :10:09.Our reporter has more. Nice to see you. As you say, shares are
:10:10. > :10:19.plunging. That is after Bumi failed to get Bond shares. Shares of Bumi
:10:20. > :10:30.resources plunged, the company was part of a failed venture between
:10:31. > :10:35.Nathaniel Rothschild. The head of the family has actually abandoned
:10:36. > :10:39.his presidential bid in Indonesia. He had been one of the contenders
:10:40. > :10:44.standing for election there. Is the bondholders met on Friday to discuss
:10:45. > :10:53.the changes to the terms but the resolution required support, but
:10:54. > :11:00.that meeting didn't achieve the number of voters that it needed.
:11:01. > :11:07.Thank you very much at. It is slightly higher in Asia. I will see
:11:08. > :11:23.you soon when we look through the papers.
:11:24. > :11:28.Nearly 23,000 children have been taken into care in England in the
:11:29. > :11:29.last urban years. That is