19/08/2014 World Business Report


19/08/2014

Similar Content

Browse content similar to 19/08/2014. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

who survived a Taliban attack less than two years ago, is publishing a

:00:00.:00:00.

new version of her big especially year towards younger readers. Those

:00:00.:00:00.

are the latest headlines, now it is time for the latest financial news

:00:00.:00:07.

with Sally. On the back foot call on HTC

:00:08.:00:26.

launches a new forum. Will it garner any excitement? The Chinese buy into

:00:27.:00:34.

the American dream, snapping up some lucrative properties from California

:00:35.:00:35.

to New York. Hello and a very warm welcome. Let's

:00:36.:00:51.

start the programme with the Taiwanese smart phone maker, HTC.

:00:52.:00:56.

They are expected to take the wraps off their latest phone today. It is

:00:57.:01:02.

a Windows phone version of its Android one M8. The company is no

:01:03.:01:10.

longer in fashion. Its share of the smart phone is small. The stock

:01:11.:01:23.

price has fallen some 90%. Can HTC change the tide and excite smart

:01:24.:01:29.

phone users again. I am joined by our technology experts to get his

:01:30.:01:35.

view on what the company will reveal today. They are likely to reveal a

:01:36.:01:48.

Windows version of the HTC One M8. It has done well. It could go the

:01:49.:01:56.

company back into profit after a long series of descending quarters.

:01:57.:01:59.

It has been well received and is keeping the company alive. Whether

:02:00.:02:03.

the Windows version will be any good, I do not know. It has had good

:02:04.:02:09.

reviews. Why do they not have more market share. There is not a lot of

:02:10.:02:17.

excitement about the forum. Any mobile phone maker who is not

:02:18.:02:20.

Samsung or Apple, these companies have the market divided between

:02:21.:02:25.

them. They have the most successful phones. Inside most smart phones,

:02:26.:02:30.

they are much the same. The same chips, the same screens, the same

:02:31.:02:35.

batteries. You tend to go with fashion rather than picking one

:02:36.:02:41.

phone for a technical specification. With the HTC having such a small

:02:42.:02:45.

share of the market, there must be a smaller number of applications.

:02:46.:02:51.

Windows phones have smaller numbers of applications. New Windows phones

:02:52.:02:58.

are coming out with the support of Microsoft, who are desperate to be

:02:59.:03:02.

there as an alternative. They only have a few percent of the market for

:03:03.:03:08.

Windows. If you're writing software, you will not right for them, you

:03:09.:03:16.

will write for Android or Apple. It seems like they are still on the

:03:17.:03:20.

market. Microsoft have done this for a long time. It is not really taking

:03:21.:03:28.

off. This has been going on since the late 1990s. How long is it going

:03:29.:03:35.

to be before this changes? We will watch the launch and see how well it

:03:36.:03:40.

goes down. Give us your thoughts on that. The Economist's intelligence

:03:41.:03:49.

unit has ranked countries around the world according to healthcare,

:03:50.:03:53.

culture and environment. There is the nicest place to live? The man

:03:54.:03:58.

who noses recall he's on. He is in Singapore. `` the man who knows is

:03:59.:04:12.

Rico Hizon. The top ten is led by Melbourne. Number one for the four

:04:13.:04:16.

viewer in a row. The NN second place and Vancouver in third. Australia

:04:17.:04:22.

did not just take the top spot. Adelaide, Sydney and Perth were all

:04:23.:04:28.

given positions in the top ten most liveable cities in the world. The

:04:29.:04:33.

score tied for stability, healthcare and education. The only European

:04:34.:04:37.

city in the top ten is Helsinki. Take a look at the top ten cities

:04:38.:04:41.

and also the worst performers and livability. At the bottom of the

:04:42.:04:46.

list is the massacres in Syria. Tripoli, Libya, and Saint Petersburg

:04:47.:04:52.

also round out the list as well as Athens and Greece. The survey found

:04:53.:04:59.

that since 2009, livability across the world has fallen by about 1%.

:05:00.:05:04.

That is due to a fall in stability and safety in many cities.

:05:05.:05:11.

How did Singapore and London do? Surprisingly not even close to the

:05:12.:05:17.

top ten or the top 30. Singapore was 52 and London was 55. Not a whole

:05:18.:05:22.

lot of difference between the two cities in the survey but, if you

:05:23.:05:27.

break down, Singapore came out in top in terms of stability, safety,

:05:28.:05:32.

infrastructure. London scored again culture, environment and education.

:05:33.:05:37.

In healthcare, both cities with similar scores. The bottom line,

:05:38.:05:41.

according to this global livability ranting, still very good places to

:05:42.:05:45.

do business. So we are in some fairly decent

:05:46.:05:49.

cities, you and I, but not in the top ten. Thank you for joining us.

:05:50.:05:57.

Very interesting. When it comes to cities that excite

:05:58.:06:01.

the Chinese, they have their eyes fixed on the Chinese. There are a

:06:02.:06:08.

growing number of Chinese people looking to invest their cash in the

:06:09.:06:11.

listed in the biggest economy in the world. Myers spent $22 billion, 72%

:06:12.:06:19.

more than they did the day before, snapping up high`end homes from

:06:20.:06:22.

California to New York City. Let's get more from Manhattan. Michelle.

:06:23.:06:31.

On the New York property market, the rich always in high. Manhattan's

:06:32.:06:36.

luxury towers are home to the superrich. The realist rivals are

:06:37.:06:44.

the Chinese. `` newest arrivals. This high`end estate agent took me

:06:45.:06:52.

on a tour of Carlton House, a luxury apartment building in Manhattan. She

:06:53.:06:55.

has seen a number of Chinese clients grow in recent years. The report

:06:56.:07:02.

from the first 2/4 is that the artfully 25% Asian buyers. This is a

:07:03.:07:07.

mind blowing number. It means one quarter of every sale in buildings

:07:08.:07:12.

like this is coming from Asia. We have do anticipate and project that

:07:13.:07:20.

this number will get larger. This woman has swapped Beijing for the

:07:21.:07:22.

big Apple, where she lives and works. In a city that never sleeps,

:07:23.:07:28.

she has a place to call home. The flat she moved into three weeks ago

:07:29.:07:36.

is that place. It is all about price stability for me. I feel like it is

:07:37.:07:39.

safer to move the money from China to New York. China's rapid economic

:07:40.:07:51.

expansion has brought wealth to many of its citizens. Coupled with the

:07:52.:07:57.

rise in price against the dollar and the killing of his own property

:07:58.:08:00.

market, it is easy to see via America is suddenly such an

:08:01.:08:05.

appealing investment. I describe luxury real estate is the new global

:08:06.:08:10.

currency. The idea that investors are circling the gold, looking to

:08:11.:08:13.

article, looking to preserve capital. The ascent of high`end cash

:08:14.:08:20.

buyers could have implications for the affordability of housing in New

:08:21.:08:21.

York for everyone. In other business news, the US

:08:22.:08:34.

`based oil and gas giant, Apache Corporation, says it has discovered

:08:35.:08:39.

a big oil well off the coast of Australia. Estimates say could be

:08:40.:08:42.

the largest find in Australia for decades. The well still being

:08:43.:08:46.

evaluated but could result in as many as 300 million barrels of oil.

:08:47.:08:53.

Its potential has been described as extraordinary. The largest mining

:08:54.:08:58.

company in the world, BHP Billiton, is preparing to release full year

:08:59.:09:01.

results today. They are considering a restructure. At the merger is its

:09:02.:09:08.

preferred option, with the company keen to spend off assets that are

:09:09.:09:15.

not important. Results could come out as early as today. When we hear

:09:16.:09:19.

from BHP Billiton in terms of its results, I will update you. Results

:09:20.:09:26.

come out and about 80 minutes. It has been strongly on the markets. It

:09:27.:09:30.

follows its from the United States as well. The Dow Jones is up to 1%.

:09:31.:09:36.

Almost the same for the NASDAQ. A lot of it is to do with the

:09:37.:09:39.

situation in terms of the geopolitical crisis around the

:09:40.:09:44.

world. It looks like things could be improving as opposed to worsening.

:09:45.:09:49.

That is all from me for now. I will see you later when we look through

:09:50.:09:50.

the papers. As Sally said, the papers coming up

:09:51.:10:04.

in a moment. First, the government has then eyed that the prison system

:10:05.:10:11.

is in crisis. The Justice Secretary has admitted that violence,

:10:12.:10:12.

Download Subtitles

SRT

ASS