Browse content similar to 30/11/2015. Check below for episodes and series from the same categories and more!
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greatest rugby players. He died this month at the age of 40 because of | :00:00. | :00:00. | |
convocations arising from a long-standing kindie -- kidney | :00:00. | :00:00. | |
condition. As world leaders gather in Paris in | :00:00. | :00:23. | |
an attempt to seal the deal on climate change, we will be looking | :00:24. | :00:26. | |
at the potential cost of the ignoring the issue. On track to | :00:27. | :00:30. | |
outpace China, India releases its latest growth numbers. We are in | :00:31. | :00:39. | |
Mumbai to find out whether it will further boost the economy. Hello and | :00:40. | :00:47. | |
welcome. East China's yuan about to make it into the big league? We will | :00:48. | :00:52. | |
be finding out. Now to the event that we have been telling you all | :00:53. | :00:55. | |
about, heads of government from across the world, including | :00:56. | :01:00. | |
President Shi, President Obama and David Cameron meeting. It would be | :01:01. | :01:10. | |
legally binding. Inactivity could prove expensive, US bank Citigroup | :01:11. | :01:16. | |
puts the total cost of doing nothing at $44 trillion by 2060. If sea | :01:17. | :01:23. | |
temperatures rise by five Celsius, it is predicted assets worth $7 | :01:24. | :01:28. | |
trillion could be lost, more than the total market capitalisation of | :01:29. | :01:32. | |
the London stock exchange. In the US, the White House has said that | :01:33. | :01:37. | |
inaction will cost its economy 150 billion dollars per year. Our | :01:38. | :01:41. | |
business is ready to tackle this issue, and which ones are the | :01:42. | :01:47. | |
winners and losers in the race to reduce its carbon footprint? I am | :01:48. | :01:51. | |
joined by Paul Simpson from the International environmental | :01:52. | :01:57. | |
non-profit group, CDP on the Carbon disclosure Project. There has been | :01:58. | :02:04. | |
an awful lot of momentum in the run-up to this event in Paris, and | :02:05. | :02:08. | |
for business leaders around the world I imagine they have also been | :02:09. | :02:13. | |
preparing. That is right, we have seen momentum building, many leading | :02:14. | :02:20. | |
countries taking action. More than 800 corporations have called for a | :02:21. | :02:28. | |
strong global deal limiting a temperature rise to 2%. So this will | :02:29. | :02:34. | |
mean a level playing field for businesses around the world? What | :02:35. | :02:38. | |
business really wants is policy certainty. They want something solid | :02:39. | :02:43. | |
from France that will provide a framework, a limit of two degrees | :02:44. | :02:47. | |
over time. That means businesses complain correct and invest in it | :02:48. | :02:49. | |
and they can avoid the greatest risk. What is the likely outcome in | :02:50. | :02:55. | |
terms of policy, change, and what that means for businesses? We have | :02:56. | :03:00. | |
seen more than have seen business initiatives | :03:01. | :03:14. | |
taking action and committing to 100 sent emissions reductions using a | :03:15. | :03:18. | |
carbon price. Businesses and policies moving, Paris needs to | :03:19. | :03:25. | |
capture that are mentioned -- capture that dimension. Do you think | :03:26. | :03:30. | |
we will achieve this goal? Six years ago in Copenhagen it seemed a bit | :03:31. | :03:34. | |
chaotic, a bit of a mess, that is overstating it, but for sure, no | :03:35. | :03:40. | |
agreement. I think the signs are good this time, that there will be a | :03:41. | :03:45. | |
good deal in Paris. A lot has changed since Copenhagen, with an | :03:46. | :03:51. | |
aggressive plan to reduce emissions and bring in a carbon trading | :03:52. | :03:54. | |
scheme. The US reducing emissions from power plants, and leading | :03:55. | :03:57. | |
business is already taking these actions. Momentum is with us, we | :03:58. | :04:03. | |
need to capture that and drive a transition to a sustainable low | :04:04. | :04:07. | |
carbon economy. Thank you for coming in, and as and when decisions are | :04:08. | :04:13. | |
made, agreements on policy and etc, we will update you. | :04:14. | :04:18. | |
more information on our website as well. In the next few hours, India | :04:19. | :04:21. | |
is due to release the latest report on the help of | :04:22. | :04:27. | |
expected to have growth by more than 7% in the last three months, despite | :04:28. | :04:29. | |
weak rain is hurting its agricultural sector. Analysts say | :04:30. | :04:36. | |
strong growth in the manufacturing sector is behind the gains. | :04:37. | :04:41. | |
This construction site is buzzing with activity. Due to the economic | :04:42. | :04:47. | |
slowdown, the last few years have been difficult for the construction | :04:48. | :04:51. | |
sector. That is changing now, with sales picking up sharply this year | :04:52. | :04:55. | |
and providing confidence to resume work. Like the construction | :04:56. | :05:01. | |
industry, other parts of the economy are also showing signs of growth. | :05:02. | :05:06. | |
Consumer demand for cars, motorbikes, and electronics picked | :05:07. | :05:12. | |
up and is a big importer of oil, this is also helping the country's | :05:13. | :05:17. | |
finances. But there are plenty of things that could get in the weight | :05:18. | :05:21. | |
of more consistent growth. One of them is weak demand in rural areas, | :05:22. | :05:28. | |
on the back of low rainfall for two consecutive years. There are | :05:29. | :05:32. | |
concerns that a poor harvest could also put pressure on food prices in | :05:33. | :05:37. | |
the coming months. On the political front, PM Narendra Modi was defeated | :05:38. | :05:44. | |
in an important state election recently, which investors worry will | :05:45. | :05:47. | |
have a key impact on some legislation that is stuck in | :05:48. | :05:52. | |
Parliament for approval. That his government has announced some | :05:53. | :05:57. | |
reforms in the past few weeks, saying that to sustain high economic | :05:58. | :06:01. | |
growth levels more needs to be done. The growth that we are seeing is | :06:02. | :06:05. | |
lopsided, so won the investment side of the economy we are seeing more | :06:06. | :06:08. | |
public invest and driven growth rather than private investment. On | :06:09. | :06:11. | |
the consumption side we are seeing more demand led demand in rural | :06:12. | :06:21. | |
areas. To balance this across all the sectors is what is going to be | :06:22. | :06:27. | |
the primary challenge in front of the government. For that to happen, | :06:28. | :06:32. | |
Narendra Modi is betting on his ambitious initiative trying to | :06:33. | :06:36. | |
attract international firms to set up manufacturing factories in the | :06:37. | :06:40. | |
country. Despite some initial success, it is still early days to | :06:41. | :06:43. | |
judge whether this programme can drive high growth consistently for | :06:44. | :06:46. | |
Asia's third-largest economy. When we get the numbers for India we | :06:47. | :06:56. | |
will update you. For China it is decision day as far as the | :06:57. | :06:59. | |
International Monetary Fund is concerned, because it has been | :07:00. | :07:01. | |
deliberating on whether it should allow the Chinese currency, to have | :07:02. | :07:10. | |
status as a reserve currency. Just the US dollar, the euro, the yen and | :07:11. | :07:17. | |
the pound are part of this elite band. Rico Hizon is in Singapore for | :07:18. | :07:24. | |
us. If the yuan likely to get the thumbs up from the IMF and what does | :07:25. | :07:28. | |
it mean? It looks like they will pass the test and be part of this | :07:29. | :07:34. | |
so-called elite club of currencies, and for Beijing, the inclusion would | :07:35. | :07:41. | |
represent recognition that the status of the yuan is rising along | :07:42. | :07:44. | |
with China's place in global finance. Over the years, concerns | :07:45. | :07:51. | |
about Beijing's keeping the yuan artificially low to help exporters | :07:52. | :07:54. | |
was one reason why the currency previously failed to meet the | :07:55. | :07:58. | |
criteria for reserve currencies set out by the IMF. But now we have | :07:59. | :08:03. | |
Chinese officials making a concerted effort to build support for the | :08:04. | :08:08. | |
one's inclusion and a recent IMF staff report has indeed endorse such | :08:09. | :08:16. | |
a move. But, when they get into this group, this is where the hard part | :08:17. | :08:19. | |
comes. The inclusion puts new pressure on Beijing to change | :08:20. | :08:23. | |
everything from how it manages the yuan to how it communicates with | :08:24. | :08:30. | |
investors in the world. China has pledged to loosen its tight grip on | :08:31. | :08:33. | |
the currency's value and open its financial system, which will come | :08:34. | :08:38. | |
under new scrutiny. A lot of challenges ahead if indeed they join | :08:39. | :08:46. | |
this reserve basket of currencies, also known as special Drawing | :08:47. | :08:51. | |
rights. Iran has overhauled the way it offers contracts to foreign oil | :08:52. | :08:56. | |
companies in a bid to attract $30 billion of new investment. The terms | :08:57. | :09:01. | |
of the new contracts will be more favourable to investors, allowing | :09:02. | :09:05. | |
them a greater stake in long-term profits. Iran is gearing up for the | :09:06. | :09:08. | |
lifting of sanctions following the nuclear deal with Six Nations in | :09:09. | :09:16. | |
July. Lufthansa will avoid future strike action by giving a 1-off | :09:17. | :09:20. | |
payment to ground staff. Europe's biggest airline is yet to reach an | :09:21. | :09:26. | |
agreement with cabin crew who called a weeklong industrial action in | :09:27. | :09:30. | |
early November. Looking at markets, a brand-new trading week for Asia, | :09:31. | :09:35. | |
and of course American markets will open again as normal this week | :09:36. | :09:38. | |
having had a shorter week last week because of thanksgiving. This is how | :09:39. | :09:47. | |
things have gone so far in Asia, this is how the oil price is | :09:48. | :09:51. | |
trading, with OPEC meeting this week which will be key for the oil | :09:52. | :09:53. | |
industry. | :09:54. | :09:55. |