27/10/2015 World Business Report

Those are the latest headlines from BBC World News.

Now for the latest financial news with Sally

Roam if you want to, the European Parliament will vote

on legislation that will cut the cost of using mobile phones abroad.

But some say it will just mean higher costs at home.

And the UN is set to vote on the US - Cuban economic embargo.

Could this increase the pressure on congress to end

Also in the programme: Rico Hizon will join us to tell us why

Indonesia wants to join the Trans Pacific Partnership.

Extra charges for using mobile phones

when travelling across the European Union could soon be abolished.

The European Parliament is considering a new law which would

make it the same price to call, text or go online in any EU country.

But some are worried about the consequences for overall prices.

Alex Forsyth is in Strasbourg, where MEPs will vote

Whether taking photos are talking to friends, phones are in use

everywhere but using a mobile abroad can incur hefty bills for calls,

texts and going online. A new law could end back these roaming

better for us because we don't have to pay as much as we paid before. I

take my mobile phone everywhere. When you arrive in a new country,

you might get a new message on your mobile phone telling you about a

tariff and to disease increased charges for European travellers

across the EU that Parliament wants to stop -- and it is these. If this

law was passed it will come into effect in 2017. Those in favour say

they are safeguards to ensure prices are not pushed up. No operator will

be forced to offer service at a loss. This will not pushed these up

for domestic users -- fees. And you will not be able to get people using

this excessively and pushing everyone else's bill up as well.

Despite that, critics say mobile phone companies will try to

compensate for lost income. The analysis I have seen suggests that

this will reduce revenue by 5% and they will seek to recover that

elsewhere. It would mean higher prices for more people. Today the

parliament will decide the best protection for travellers in the

future. When we get that decision, we will let you know.

Indonesia is keen to join the Trans Pacific Partnership, but will it be

welcome in the latest trade club that accounts for 40% of global GDP.

It's President Joko Widodo is in the US at the moment.

The question is whether it will be welcome, again.

Rico Hizon is in our Asia Business Hub in Singapore.

If they looked very cosy but will Joko Widodo get what he wants --

they? They will be hoping he gets what he wants, they have a huge

population and the transpacific partnership will be a huge help to

the slowing Indonesian economy. Bilateral trade between Indonesia

and the United States was worth more than 27 billion US dollars last year

and key priorities for Joko Widodo are for investments and generating

more interest in the technology sector. Earlier I spoke with an

analyst in Jakarta and asked him whether protectionist factions might

try to deter these plans. I think individual politicians will have

different reactions. It will be spun in different ways by parties opposed

to him. But I think this is a strong signal from him that he is trying to

reverse the sense from the outside that there is a wave of economic

nationalism. He brought with him the new trade minister who is also

serious about making sure that the impression is eradicated. After that

meeting with Mr Obama at the White House, he will be cutting short his

US trip to head back home to address this very important problem right

now that is impacting most of Southeast Asia. Singapore, Malaysia

and the Philippines and this is the haze situation. Thank you.

Today, the UN General Assembly is set to vote on the long-standing US

The embargo was originally intended to try to force Fidel Castro

But for Cubans, it has meant scarcity of basic products

for many years and they hope the new relationship with Washington

It's early morning in the produce market at the crossroads of Havana,

a well-known spot to find fresh fruit, vegetables and meat, it is

one of the most popular food markets in the capital and a good example of

the kind of private enterprise expanding in Cuba under Raiola

Castro -- Raul. Vendors are free to regulate their own prices and any

profit they make those directly into their own pockets. TRANSLATION: It

has been a good year. Tourism has gone up since relations with the

United States started to improve. That means more sales to private

restaurant owners and more money for my business. He says one thing is

still making life tough for most Cubans. The decades long trade

embargo on the island. As the United Nations gathers in New York to yet

again reject the US embargo on Cuba, people here will simply wish it had

been lifted but that will require the US Congress to act as well. In

the meantime, the shoppers aren't focusing -- are focusing on trying

to purchase the items that the embargo makes it hard to find. The

Obama administration wishes to CD embargo lifted once and for all --

see the. It has already been lifted on items like construction materials

and information technology and Obama has made it easier for US businesses

to work on the island and for Cubans to travel to the United States. The

secretary urged Cubans to respond. The Castro government says the

communist ideal is becoming more business friendly but they

consistently repeat calls for the embargo to and first. TRANSLATION:

-- end. It would have a huge impact on the oil industry in Cuba as the

biggest energy producers are based in the US or are owned by US

multinationals. A new opening with the US would be very important for

the entire sector in Cuba. As the sales of the day nonstop, it has

been a successful one. Customers and traders say the vote sends out an

important message that the embargo is outdated and hurts ordinary

Cubans the most. In other news: Fast food chain

Burger King has opened its first outlet Mongolia,

joining companies from Pizza Hut to Porsche in anticipating an economic

boom from copper and gold mining. A large sparsely populated nation,

landlocked between China and Russia, Mongolia still has no

McDonalds or Starbucks. Police in the UK say

a 15-year-old boy has been arrested in connection with a cyber attack

which released the personal data The attack

on the telecoms company TalkTalk last week has wiped $550 million

off the company's market value. In Monday's trade

the company's share price fell 12%. Maggi noodles will be back on the

shelves across India next month. In May, food safety authorities

banned the production and sale of the noodles made by Swiss giant

Nestle, after claims they contained That ban was later overturned but

400 million packets were destroyed. Let's look at the financial

markets. It's all about central bankers and banks this week. The

Bank of Japan are meeting at the end of the week. The Federal Reserve are

having their November meeting. They gather tomorrow. All eyes around

that and the markets are treading water ahead of those decisions --

are on. Investors want more stimulus from Japan but in Asia, that they

want the Fed to do nothing and keep rates on hold. A mixed picture on

Wall Street. We will be hearing from the former head of the Federal

Reserve later on. Join me for that in Business Live.