25/09/2014 World Business Report


25/09/2014

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are still widely used in some fields. Now, all the latest

:00:00.:00:24.

financial news. Bent out of shape. Apple receives a storm of complaints

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about its fragile flagship phone. And we go inside the world's first

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environmentally friendly mosque. Welcome to World Business Report. In

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a moment, Spain begins its trade visit to China, but first, the

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launch of the iPhone 6 is threatening to turn into a public

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relations disaster. Apple was busy hailing its best ever weekend of

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sales when a spate of complaint arose on social media that the new

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flagship iPhone 6 can easily be bent if it is put into a trouser pocket.

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This video has been watched more than 10 million times on YouTube. It

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shows how apparently fragile that devices. It is going to cost me more

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money if it does break. I would rather go for a safer option. The

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back pocket is usually where it goes. You cannot really sing down

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with it in the front pocket. `` sits down. Is it bends, that is not a

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good idea. Apple has also had to withdraw a software update to its

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iOS8, after it prevented some phones from being able to make calls. What

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does it all mean? How worried should Apple be by this? Will it put people

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off buying the iPhone 6? You have to remember that if you look at the

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historical context of every single major Apple product launch, there is

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usually a storm of complaints from people when they realise it is not

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perfect. This is not to say that Apple is not misfiring. It is. This

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software update especially is not typical of Apple. We should also

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note that Microsoft Windows issued a patch five weeks ago and withdrew it

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because it was causing some problems on Windows PCs. There is a common

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case of software not getting as many headlines with Microsoft as it does

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with Apple. Is it simply that Apple is under more scrutiny because we

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all talk about it? Some would say that they also have a big fanfare

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for big launches like this, so if criticism is due in certain cases

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like this, they have to take it. A few years ago, with one model of the

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iPhone, when that came out, there were complaints about a lack of

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wireless coverage. It turned out that the bars that indicated the

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strength of the wireless signal were not being displayed properly. Apple

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invited the media into their testing facilities to show how much work had

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gone into it and eventually the controversy died down. What normally

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happens is that Apple jumps right on top of the case, studies the problem

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and then offers a six or some guidance about what to do. `` offers

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a solution. As for the software update, we have a guide now website

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right now. Now to the economic impact of climate change. The Gulf

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countries are among the worst polluters in the world, but now,

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Dubai is trying to raise awareness of the problem by combining green

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technology with religion in the region's first environmentally

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friendly mosque. Reclaimed land, the tallest building on earth and the

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busiest airport in the world. Dubai is rarely noted for its ecological

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credentials but could that be about to change with this? The new mosque

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was funded by a private donation. It can house up to 3500 worshippers. It

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is the first ever built to meet the US Green building Council's

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guidelines. This carpet is a low emitting type. The resident engineer

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took us on a tour. Treated water is used for the irrigation system, for

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the landscaping. The consultants behind this mosque say they have cut

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down on the water needed by 50% and energy by 25% after the city's

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endowment committee insisted on a green element to settle climate

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fears. What we have been doing for the past 100 years, eventually, we

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have robbed our climate. It was not like this 100 years ago. It all

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comes back to us and what we have done to get where we are and from

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this point onward, what we can do to stop it, reduce it or minimise it.

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The choice of a Moscow to prevent environmental consciousness is

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particularly potent in this part of the world. `` the choice of a

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mosque. Religion is embedded in the lives of people. This is being

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watched keenly in Saudi Arabia, which has already sent a team of

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engineers here to see how it is done. Is this a more environmentally

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friendly Dubai responding to climate change? This is the first time in

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the history of the Middle East that the word of sustainability is spread

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through a place of worship and it is likely that it will reach the

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grassroots. Dubai's population is expected to rise 5% this year,

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meaning more carbon dioxide emitting buildings. The message will have to

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spread fast. Late on Wednesday, the Spanish prime

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minister arrived in China for a three`day visit. Trade and tourism

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will be high on the agenda. China is Spain's largest trading partner

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outside of the EU. More than 250,000 Chinese people made the journey to

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Spain in 2013. Mariano Rajoy has been touting Spain as a land of

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opportunity for Chinese businesses with his economic reforms. Thank you

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for joining us. There is a tendency for us to look at China as a place

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of plenty of opportunity, plenty of money, but in this case, what does

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Spain wants? Spain is going there for the usual reasons. A few years

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ago, that would be to ask the Chinese to buy Spanish government

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bonds. Now, that crisis is over and they are looking at direct

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investment into Spain by China, which has been a large scale by

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other assets already in Portugal. They are also looking for

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opportunities there might be for Spain to do export business in

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China. If you look at Europe, there is a very different kind of

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economy. There is a tendency to look at Europe as one trading block. That

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is critical. And if I was the Chinese looking where I wanted to

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invest in Europe, Spain looks much more attractive as a proposition.

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Looking at Eastern Europe, Germany and Austria in particular, those are

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really beginning to suffer the effects of the Russian sanctions

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slowdown. Austrian banks are in trouble because of their exposure.

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German exports and business confidence have started to slide.

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France is much to connected to the German economy and in Italy, we have

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seen very little reform. In Spain, we have seen very `` a great deal of

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reform. Wages have gone down, unemployment is high, meaning there

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are lots of workers to be recruited into new businesses. Should Spain be

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worried about a slowdown in China? The state of the Chinese economy is

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often quoted as the major reason for a slide in global commodities but

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what is happening is a transformation between an export led

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economy into a consumption led economy. That is changing the demand

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that China has. China is the much more selective in what it invests in

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now. Thank you. Time to have a look at the market figures. Asian stocks

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fell slightly on Thursday, despite an initial rebound on Wall Street.

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That Wall Street optimism was fuelled by better than expected US

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housing data. That's all of the business. See you soon for the

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newspaper review. It has been a month since the

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missing schoolgirl Alex Cross was last seen. Today, the police will

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carry out a reconstruction of her movements before her disappearance

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as part of a renewed appeal. Her family says

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