:00:00. > :00:00.Those are the latest headlines from BBC World News.
:00:00. > :00:00.Now for the latest financial news with
:00:00. > :00:22.It's Silicon Valley versus Washington.
:00:23. > :00:25.Apple steps up its legal battle with the FBI over
:00:26. > :00:28.iPhone privacy, as Google, Facebook and Microsoft line up in support.
:00:29. > :00:30.Plus, G20 finance chiefs gather in Shanghai amid growing concerns
:00:31. > :00:58.More on the G20 in a moment, but first:
:00:59. > :01:03.I have nine minutes, give me nine minutes and I will give you a
:01:04. > :01:04.fascinating snapshot of all the latest in the world of business and
:01:05. > :01:05.money. We start with Apple, and the growing
:01:06. > :01:08.battle between Silicon Valley and US On Thursday Apple launched legal
:01:09. > :01:12.action to try and overturn a ruling that it must help the FBI hack into
:01:13. > :01:16.the iPhone of the San Bernadino The likes of Facebook,
:01:17. > :01:19.Google and Microsoft are all lining Let's just recap some
:01:20. > :01:34.of the details. On 16 February, a federal magistrate
:01:35. > :01:38.ordered Apple to help the FBI unlock the iPhone 5C that was found
:01:39. > :01:40.at the scene of the shootings. That would require Apple to write
:01:41. > :01:43.special software to disable the phone's passcode protection,
:01:44. > :01:44.currently if you get it wrong ten times it
:01:45. > :01:47.deletes everything on the phone. Apple says that could take a team
:01:48. > :01:51.of ten engineers a month to do. More to the point,
:01:52. > :01:54.it argues the code would create a 'back door' or master key to
:01:55. > :01:56.millions of iPhones, leaving users vulnerable to hackers, criminals
:01:57. > :02:16.and unwarranted surveillance. It's reported Apple is now looking
:02:17. > :02:24.at ways to redesign the iPhone to Here's the Head of the FBI
:02:25. > :02:30.and the boss of Apple giving I love encryption, I love privacy,
:02:31. > :02:44.and want to hear corporations saying we will take you to a world where no
:02:45. > :02:48.one can looks at your stuff. I think that is great, I don't
:02:49. > :02:52.want anyone looking at my stuff. But then I take a step back
:02:53. > :02:55.and law enforcement, which I'm part If we had
:02:56. > :03:00.a way that we could get information on to file without exposing hundreds
:03:01. > :03:03.of millions of other people to The only way we know would be to
:03:04. > :03:14.write a piece of software that we view
:03:15. > :03:22.as a software equivalent of cancer. Tim Danton is Editor-in-chief at
:03:23. > :03:37.PC Pro magazine. Great to have you in the studio. Tim
:03:38. > :03:45.Cook is not mincing his words, easy? Does Apple have a point, and all the
:03:46. > :03:49.other backers, that once this is written... I suppose it is like when
:03:50. > :03:54.they first designed a nuclear bomb, it is out there. He is that it? That
:03:55. > :04:00.is their big worry, that is the argument. What the FBI is saying, we
:04:01. > :04:04.will give you the phone, you can do this in your labs, we don't need to
:04:05. > :04:09.see the code at all, just when the time comes, dear mind doing the same
:04:10. > :04:16.thing again. That is their argument. What Apple is saying is that as soon
:04:17. > :04:20.as they have done this, the code is very vulnerable to hackers. They are
:04:21. > :04:27.saying it will seep out into the world because it is so valuable. If
:04:28. > :04:35.this wasn't such a public spat at the moment and we didn't know about
:04:36. > :04:40.it, would Apple do it on the quiet anyway? I think they probably would,
:04:41. > :04:47.but as you said, Silicon valley against the FBI. Their motivation is
:04:48. > :04:51.that all these companies want to be seen on the side of people, on the
:04:52. > :04:58.side of encryption, give us your data and we are safe. If it was
:04:59. > :05:05.behind closed doors, I think Apple would probably do it. I know you are
:05:06. > :05:13.not a legal person but can the US authorities force Apple, saying you
:05:14. > :05:17.have to write the code? Surely Apple could just say, we don't know how to
:05:18. > :05:23.do it? Yes, but they can't make that argument. They have given that up.
:05:24. > :05:27.They have admitted they can do it it does take a while. There is
:05:28. > :05:31.precedent. A few years ago, Yahoo! Went all the way to the Supreme
:05:32. > :05:38.Court and were eventually told, you have to do this. Every day you hold
:05:39. > :05:47.back we will find new quarter a million dollars -- fine you. Do you
:05:48. > :05:51.think Apple is getting a bit too big for its boots? I think Apple is
:05:52. > :06:01.pretty big for most routes. That is long past. Apple needs to do this,
:06:02. > :06:06.it is a key part of its business, they need to be seen to be saying,
:06:07. > :06:13.give us your data and it will be safe with us. They are definitely
:06:14. > :06:15.more valuable than the FBI, aren't they?
:06:16. > :06:18.Let's go to Shanghai now, where finance ministers and central
:06:19. > :06:20.bankers from the world's wealthiest developed and developing countries
:06:21. > :06:24.High on the agenda of course, concerns about the weakening global
:06:25. > :06:26.economy and particularly the slowdown in China itself.
:06:27. > :06:29.IMF chief Christine Lagarde has been warning in the last few hours
:06:30. > :06:32.about the huge sums of money flowing out of China.
:06:33. > :06:35.That has been underlined by a further slump on the Shanghai
:06:36. > :06:55.stock market which fell more than 6% on Thursday.
:06:56. > :06:59.Our correspondent, Robin Brant, who is at the G20 in Shanghai.
:07:00. > :07:08.Good to see you, I can only help but think one of the big focal point at
:07:09. > :07:12.this gathering will be these leaders looking at the central bankers and
:07:13. > :07:21.going, what are you going to do to reignite the global economy? Central
:07:22. > :07:24.bankers will say, we have no tools left. I think the armoury is pretty
:07:25. > :07:30.much empty. If you look at interest rates in the UK and the US, they at
:07:31. > :07:35.record lows. They come here to Shanghai without much left to give.
:07:36. > :07:39.Having said that, we have heard in the last few days from China's
:07:40. > :07:42.central banker, and he has hinted that possibly a way out for this
:07:43. > :07:50.country in terms of dealing with the slowdown that is coming. The days of
:07:51. > :07:59.double-digit growth in China are over. Just a few weeks ago, we learn
:08:00. > :08:05.that the growth rate for China is 6.9%. It is still growing, but there
:08:06. > :08:09.is a slowdown. How do they deal with that, how do they show confidence
:08:10. > :08:17.and deal with that at the same time as shifting the economy away
:08:18. > :08:24.from... A big problem for China's leaders, and a big hint in the past
:08:25. > :08:33.few days that they could borrow more, the government, and spend
:08:34. > :08:41.their way out of this. Are their high hopes for something concrete
:08:42. > :08:44.coming out of this? In short, no. The G20 doesn't often come up with
:08:45. > :08:50.policy, particularly policy that they stick to, the 20 members, and
:08:51. > :08:55.deliver on. I think what they want from the politicians here in China
:08:56. > :08:56.is signs of confidence and competence in their ability to deal
:08:57. > :09:03.with the slowdown that is coming. We will speak to you again soon,
:09:04. > :09:07.thank you. Shares of struggling Japanese
:09:08. > :09:09.electronics giant Sharp have slumped further amid doubts over
:09:10. > :09:12.a takeover to rescue the firm that Foxconn of Taiwan says it's delaying
:09:13. > :09:15.signing the deal until it has clarified new material
:09:16. > :09:18.information received from Sharp. According to the
:09:19. > :09:20.Wall Street Journal, Foxconn has received a document outlining what
:09:21. > :09:22.it calls 'contingent liabilities' of some 350 billion yen - or more than
:09:23. > :09:26.$3 billion, on Sharp's books that Don't forget you can get
:09:27. > :09:55.in touch with me and some of There's a warning England is facing
:09:56. > :10:14.a brain drain of teachers, as their