27/10/2015

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:00:00. > :00:00.Those are the latest headlines from BBC World News.

:00:00. > :00:00.Now for the latest financial news with Sally

:00:00. > :00:19.Roam if you want to, the European Parliament will vote

:00:20. > :00:22.on legislation that will cut the cost of using mobile phones abroad.

:00:23. > :00:32.But some say it will just mean higher costs at home.

:00:33. > :00:35.And the UN is set to vote on the US - Cuban economic embargo.

:00:36. > :00:37.Could this increase the pressure on congress to end

:00:38. > :00:50.Also in the programme: Rico Hizon will join us to tell us why

:00:51. > :00:52.Indonesia wants to join the Trans Pacific Partnership.

:00:53. > :00:54.Extra charges for using mobile phones

:00:55. > :00:57.when travelling across the European Union could soon be abolished.

:00:58. > :00:59.The European Parliament is considering a new law which would

:01:00. > :01:03.make it the same price to call, text or go online in any EU country.

:01:04. > :01:05.But some are worried about the consequences for overall prices.

:01:06. > :01:08.Alex Forsyth is in Strasbourg, where MEPs will vote

:01:09. > :01:23.Whether taking photos are talking to friends, phones are in use

:01:24. > :01:33.everywhere but using a mobile abroad can incur hefty bills for calls,

:01:34. > :01:37.texts and going online. A new law could end back these roaming

:01:38. > :01:41.better for us because we don't have to pay as much as we paid before. I

:01:42. > :01:46.take my mobile phone everywhere. When you arrive in a new country,

:01:47. > :01:50.you might get a new message on your mobile phone telling you about a

:01:51. > :01:56.tariff and to disease increased charges for European travellers

:01:57. > :02:01.across the EU that Parliament wants to stop -- and it is these. If this

:02:02. > :02:07.law was passed it will come into effect in 2017. Those in favour say

:02:08. > :02:10.they are safeguards to ensure prices are not pushed up. No operator will

:02:11. > :02:19.be forced to offer service at a loss. This will not pushed these up

:02:20. > :02:22.for domestic users -- fees. And you will not be able to get people using

:02:23. > :02:25.this excessively and pushing everyone else's bill up as well.

:02:26. > :02:32.Despite that, critics say mobile phone companies will try to

:02:33. > :02:37.compensate for lost income. The analysis I have seen suggests that

:02:38. > :02:39.this will reduce revenue by 5% and they will seek to recover that

:02:40. > :02:45.elsewhere. It would mean higher prices for more people. Today the

:02:46. > :02:51.parliament will decide the best protection for travellers in the

:02:52. > :02:55.future. When we get that decision, we will let you know.

:02:56. > :02:58.Indonesia is keen to join the Trans Pacific Partnership, but will it be

:02:59. > :03:01.welcome in the latest trade club that accounts for 40% of global GDP.

:03:02. > :03:14.It's President Joko Widodo is in the US at the moment.

:03:15. > :03:20.The question is whether it will be welcome, again.

:03:21. > :03:26.Rico Hizon is in our Asia Business Hub in Singapore.

:03:27. > :03:36.If they looked very cosy but will Joko Widodo get what he wants --

:03:37. > :03:41.they? They will be hoping he gets what he wants, they have a huge

:03:42. > :03:46.population and the transpacific partnership will be a huge help to

:03:47. > :03:49.the slowing Indonesian economy. Bilateral trade between Indonesia

:03:50. > :03:56.and the United States was worth more than 27 billion US dollars last year

:03:57. > :03:58.and key priorities for Joko Widodo are for investments and generating

:03:59. > :04:07.more interest in the technology sector. Earlier I spoke with an

:04:08. > :04:13.analyst in Jakarta and asked him whether protectionist factions might

:04:14. > :04:17.try to deter these plans. I think individual politicians will have

:04:18. > :04:22.different reactions. It will be spun in different ways by parties opposed

:04:23. > :04:28.to him. But I think this is a strong signal from him that he is trying to

:04:29. > :04:33.reverse the sense from the outside that there is a wave of economic

:04:34. > :04:37.nationalism. He brought with him the new trade minister who is also

:04:38. > :04:42.serious about making sure that the impression is eradicated. After that

:04:43. > :04:47.meeting with Mr Obama at the White House, he will be cutting short his

:04:48. > :04:53.US trip to head back home to address this very important problem right

:04:54. > :04:58.now that is impacting most of Southeast Asia. Singapore, Malaysia

:04:59. > :05:03.and the Philippines and this is the haze situation. Thank you.

:05:04. > :05:06.Today, the UN General Assembly is set to vote on the long-standing US

:05:07. > :05:10.The embargo was originally intended to try to force Fidel Castro

:05:11. > :05:13.But for Cubans, it has meant scarcity of basic products

:05:14. > :05:16.for many years and they hope the new relationship with Washington

:05:17. > :05:39.It's early morning in the produce market at the crossroads of Havana,

:05:40. > :05:43.a well-known spot to find fresh fruit, vegetables and meat, it is

:05:44. > :05:47.one of the most popular food markets in the capital and a good example of

:05:48. > :05:59.the kind of private enterprise expanding in Cuba under Raiola

:06:00. > :06:01.Castro -- Raul. Vendors are free to regulate their own prices and any

:06:02. > :06:09.profit they make those directly into their own pockets. TRANSLATION: It

:06:10. > :06:13.has been a good year. Tourism has gone up since relations with the

:06:14. > :06:17.United States started to improve. That means more sales to private

:06:18. > :06:22.restaurant owners and more money for my business. He says one thing is

:06:23. > :06:27.still making life tough for most Cubans. The decades long trade

:06:28. > :06:36.embargo on the island. As the United Nations gathers in New York to yet

:06:37. > :06:40.again reject the US embargo on Cuba, people here will simply wish it had

:06:41. > :06:48.been lifted but that will require the US Congress to act as well. In

:06:49. > :06:50.the meantime, the shoppers aren't focusing -- are focusing on trying

:06:51. > :06:56.to purchase the items that the embargo makes it hard to find. The

:06:57. > :07:03.Obama administration wishes to CD embargo lifted once and for all --

:07:04. > :07:06.see the. It has already been lifted on items like construction materials

:07:07. > :07:12.and information technology and Obama has made it easier for US businesses

:07:13. > :07:22.to work on the island and for Cubans to travel to the United States. The

:07:23. > :07:26.secretary urged Cubans to respond. The Castro government says the

:07:27. > :07:29.communist ideal is becoming more business friendly but they

:07:30. > :07:36.consistently repeat calls for the embargo to and first. TRANSLATION:

:07:37. > :07:41.-- end. It would have a huge impact on the oil industry in Cuba as the

:07:42. > :07:45.biggest energy producers are based in the US or are owned by US

:07:46. > :07:55.multinationals. A new opening with the US would be very important for

:07:56. > :08:02.the entire sector in Cuba. As the sales of the day nonstop, it has

:08:03. > :08:11.been a successful one. Customers and traders say the vote sends out an

:08:12. > :08:12.important message that the embargo is outdated and hurts ordinary

:08:13. > :08:14.Cubans the most. In other news: Fast food chain

:08:15. > :08:17.Burger King has opened its first outlet Mongolia,

:08:18. > :08:19.joining companies from Pizza Hut to Porsche in anticipating an economic

:08:20. > :08:22.boom from copper and gold mining. A large sparsely populated nation,

:08:23. > :08:24.landlocked between China and Russia, Mongolia still has no

:08:25. > :08:30.McDonalds or Starbucks. Police in the UK say

:08:31. > :08:33.a 15-year-old boy has been arrested in connection with a cyber attack

:08:34. > :08:36.which released the personal data The attack

:08:37. > :08:39.on the telecoms company TalkTalk last week has wiped $550 million

:08:40. > :08:42.off the company's market value. In Monday's trade

:08:43. > :08:49.the company's share price fell 12%. Maggi noodles will be back on the

:08:50. > :08:52.shelves across India next month. In May, food safety authorities

:08:53. > :08:55.banned the production and sale of the noodles made by Swiss giant

:08:56. > :08:58.Nestle, after claims they contained That ban was later overturned but

:08:59. > :09:18.400 million packets were destroyed. Let's look at the financial

:09:19. > :09:22.markets. It's all about central bankers and banks this week. The

:09:23. > :09:25.Bank of Japan are meeting at the end of the week. The Federal Reserve are

:09:26. > :09:31.having their November meeting. They gather tomorrow. All eyes around

:09:32. > :09:37.that and the markets are treading water ahead of those decisions --

:09:38. > :09:42.are on. Investors want more stimulus from Japan but in Asia, that they

:09:43. > :09:48.want the Fed to do nothing and keep rates on hold. A mixed picture on

:09:49. > :09:55.Wall Street. We will be hearing from the former head of the Federal

:09:56. > :10:04.Reserve later on. Join me for that in Business Live.