11/11/2015

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:00:00. > :00:00.Reports suggest up to nine people may have died.

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

:00:00. > :00:25.Now for the latest financial news with Sally

:00:26. > :00:28.Dyson heads to Europe today for a dust up with it's rivals.

:00:29. > :00:30.The vacuuming giant says current energy ratings are misleading

:00:31. > :00:40.Also in the programme we'll be bringing you the details of

:00:41. > :00:43.a court case relating to the largest ever US financial cyber-hack.

:00:44. > :00:51.The European Court of Justice is expected to rule

:00:52. > :00:54.in the next few hours on a case brought by British firm

:00:55. > :00:56.Dyson to have EU energy efficiency labels on vacuum cleaners changed.

:00:57. > :00:59.Dyson says the labels mislead consumers,

:01:00. > :01:02.because the current testing process doesn't reflect how vacuum cleaners

:01:03. > :01:09.The devices are tested in lab conditions where they are empty of

:01:10. > :01:14.dust - but Dyson says a full vacuum cleaner can use much more power.

:01:15. > :01:18.It independently tested one and found it used 750 watts

:01:19. > :01:22.while empty, but more than double - 1,600 watts - when it was full.

:01:23. > :01:26.Dyson says it wants the labels changed to give

:01:27. > :01:33.a true representation of how efficient a vacuum cleaner is.

:01:34. > :01:36.With me now to discuss this is John Doherty a partner at

:01:37. > :01:49.Nice to see you. So, tell us a little bit more about James Dyson's

:01:50. > :01:52.argument here, because the issue, I guess, with his vacuum cleaners is

:01:53. > :01:58.they don't have a bag. That's right. Yeah, I mean, he sees - I suppose

:01:59. > :02:02.two points. His vacuum cleaners are at a competitive disadvantage,

:02:03. > :02:06.because whereas they use less power, but offer, presumably, the same

:02:07. > :02:12.amount or greater suction - or that would be his assertion - but they're

:02:13. > :02:17.not able to have that advantage, because the way the testing regime

:02:18. > :02:21.works is artificial. In the lab, there is no dust that's in the bags.

:02:22. > :02:24.Of course, in the home there's a lot more dust. It can use up to twice

:02:25. > :02:27.the level of power, as you mentioned. So he wants to see a

:02:28. > :02:34.slightly more sophisticated test imposed to - and also taking into

:02:35. > :02:37.account the use of bags, etc. So it's an environmental issue and

:02:38. > :02:43.about the use of other materials plus the energy. It sounds similar,

:02:44. > :02:45.in a way, to the VW emissions testing scandal, where the cars are

:02:46. > :02:52.performing differently in the laboratory as to when on the road.

:02:53. > :02:54.But actually with these hoovers, they are not performing differently,

:02:55. > :02:58.it's just how much energy they're consuming to do their job, is that

:02:59. > :03:02.correct? Yeah, that's right. I think with VW, the suggestion so far is

:03:03. > :03:07.that there has been manipulation of the testing process, so the cars

:03:08. > :03:10.apparently were on rolling roads, were programmed to detect that fact

:03:11. > :03:13.and then perform differently than they would on the road. In this

:03:14. > :03:17.particular case, I think it's really the testing regime is operating

:03:18. > :03:21.properly, and everybody is going through the process, but Dyson is

:03:22. > :03:25.innovating here, as ever, and is saying that it's not good enough -

:03:26. > :03:33.the testing regime is not fit for purpose. How will he get on in the

:03:34. > :03:36.European courts, do you think? I mean, he has set himself a very high

:03:37. > :03:41.standard, again, as usual, because to have a piece of European law

:03:42. > :03:45.annulled is not unprecedented but it's very rare. So although none of

:03:46. > :03:48.us can actually predict accurately what the court will decide, I

:03:49. > :03:54.suspect they will uphold the law on the basis that there is nothing

:03:55. > :03:59.wrong, in a sense, with the law - it's really a question of, it has

:04:00. > :04:03.got to evolve and that's for the law-makers to think about how to do

:04:04. > :04:07.that. As you say, to get a European ruling annulled is rare. It's

:04:08. > :04:14.costly, it's time-consuming, you kind of wonder why is he going down

:04:15. > :04:18.this road? I mean, it's going to take a long time and energy and

:04:19. > :04:21.money. Yeah, well, I mean it has already taken a few years even to

:04:22. > :04:25.get to this point. I suspect he really wants to make his point,

:04:26. > :04:32.which is that the current regime is not fit for purpose, it's out-dated

:04:33. > :04:39.and I suppose he feels he has a lot to gain because his competitors -

:04:40. > :04:44.bagged vacuum cleaners, rather than bagless - can't really compete with

:04:45. > :04:46.him. But I suppose we live in an imperfect world and the regime,

:04:47. > :04:49.perhaps, you know, hasn't been able to keep up with him. All right,

:04:50. > :04:54.well, we will watch with interest. John, thank you so much for coming

:04:55. > :04:56.in to explain the vacuum cleaner saga. One we will return to. But now

:04:57. > :04:59.let's move on. It's the stuff of James Bond movies

:05:00. > :05:02.- a jetpack you can fly off on The Martin Jetpack is being

:05:03. > :05:07.exhibited at the Dubai Airshow. As Jeremy Howell reports, it's not

:05:08. > :05:25.just for the playboy millionaire. It has taken no fewer than 30 years

:05:26. > :05:28.for Martin to develop their jetpack. This year it's being unveiled at

:05:29. > :05:32.international air shows. Here in Dubai, there is a simulator ride to

:05:33. > :05:36.whet potential customers' appetites. Personally, there is a feeling of

:05:37. > :05:40.disbelief and then there is a feeling of reality and then beyond

:05:41. > :05:42.the reality becomes the, "Actually, this really has potential to do

:05:43. > :05:46.things we need to do for our particular environment". And I think

:05:47. > :05:52.that's the realisation stage that they're going through right now for

:05:53. > :05:54.us. The jetpack wasn't really made for millionaire fun-seekers. It's

:05:55. > :05:58.designed primarily for rescue work. For example, let's take a collapsed

:05:59. > :06:01.building. The first thing is you can get there relatively quickly. The

:06:02. > :06:03.problem is collapsed buildings is you don't know what's on the other

:06:04. > :06:07.side without sending people around. You can get across there and have a

:06:08. > :06:09.look. And one of the most important things is for individuals to know

:06:10. > :06:16.that they are recognised as being in trouble much -- trouble. The jetpack

:06:17. > :06:22.is driven by two turbo fan engines. You use joysticks to control height

:06:23. > :06:27.and direction. It has a top speed of 74 kph. Rescue services in Dubai

:06:28. > :06:31.have offered to buy a fleet of them. The jetpack will go on sale to

:06:32. > :06:42.private buyers in two years' time. The price is about $200,000, and it

:06:43. > :06:46.comes with a parachute. Prosecutors have charged three men relating to

:06:47. > :06:51.the largest cyber-attack of financial firms in US history.

:06:52. > :06:55.Personal information for 100 million people was accessed by cyber-thieves

:06:56. > :07:01.between 2012 and the summer of 2015. 12 institutions were victims,

:07:02. > :07:06.including JP Morgan and asset manager Fidelity. Our correspondent

:07:07. > :07:10.has the details. What they're alleged to have accessed, actually

:07:11. > :07:13.through one of these men's kind of personal banking account, is

:07:14. > :07:18.customer data. And really, it's not that they went in and stole money

:07:19. > :07:22.from these customers, from these financial institutions, JP Morgan

:07:23. > :07:25.being the I biggest hit in the summer of 2014, with 83 million

:07:26. > :07:30.customers faekded - it's really that they took their personal data and

:07:31. > :07:32.then blasted out e-mails and other communications to these customers,

:07:33. > :07:34.basically encouraging them to buy certain stocks. This was one of the

:07:35. > :07:40.schemes that prosecutors are basically charging them with, is

:07:41. > :07:44.this "Pump and dump" scheme so they can manipulate stock prices. So

:07:45. > :07:48.that's what they did with a lot of these commerce' data. What

:07:49. > :07:52.prosecutors have said is that this is really changing the game of

:07:53. > :07:55.hacking. It's changing it from hacking to short profit to hacking

:07:56. > :07:58.it as a business model and in terms of the JP Morgan hack and the way

:07:59. > :08:02.these men tried to manipulate the stock market with this hack is

:08:03. > :08:12.they're saying it's securities fraud on cyber-steroids, so very serious.

:08:13. > :08:15.Other stories: Revenue at 10 cents at China's biggest gaming and Seven

:08:16. > :08:18.Networking site jumped 10% in the three months to September. It is a

:08:19. > :08:25.five-month high for the firm thanks to a surge in advertising income.

:08:26. > :08:28.The number of users of its popular messaging app We Chat rose by almost

:08:29. > :08:35.40 percent in that time to almost $450 million. A vivid pink diamond,

:08:36. > :08:40.you can see it there, weighing over 16 carats has sold at auction in

:08:41. > :08:42.Geneva for over $28 million. The auction house Christies said only

:08:43. > :08:49.three pink stones in this category come up for sale over the past 250

:08:50. > :08:50.years. The diamond, known as "The Pink" was purchased by an

:08:51. > :09:02.unidentified Chinese investor. Today is the 11th of November

:09:03. > :09:05.which in China means only one thing As the name suggests,

:09:06. > :09:09.Singles' Day began as a day for single people to treat themselves

:09:10. > :09:12.and started as a grassroots movement In 2009 the online retail firm

:09:13. > :09:16.Alibaba adopted the day to promote a massive online shopping sale

:09:17. > :09:19.which has now also been adopted Last year, Alibaba recorded $9.3

:09:20. > :09:24.billion in sales during the annual event, making it the biggest

:09:25. > :09:28.online shopping day in the world. 2015 is already looking

:09:29. > :09:33.like it will be even bigger. Alibaba recorded sales of $5 billion

:09:34. > :09:50.in the first 90 minutes Now we were hoping to have more

:09:51. > :09:53.analysis on that for you, but for technical reasons we can't talk some

:09:54. > :09:55.more about Singles' Day in this programme but there is more

:09:56. > :09:57.information about that on our website. That's all from me for now.

:09:58. > :10:22.I'll see you soon. The star of Sherlock, Benedict

:10:23. > :10:23.Cumberbatch has swapped acting for valuer. He has