:00:00. > :00:00.Now for the latest financial news with Sally
:00:00. > :00:21.Stepping up security, as Brussels deals with the aftermath of a terror
:00:22. > :00:32.attack, how much should governments spend and where should the money go?
:00:33. > :00:34.China's new normal - with a growing middle class, is
:00:35. > :00:39.the world's seconds largest economy ready to move on from
:00:40. > :00:43.Welcome to World Business Report, I'm Sally Bundock.
:00:44. > :00:46.Also in the programme, we'll have the latest twist
:00:47. > :00:49.in the $81 million cyber theft from the Bangladesh central Bank.
:00:50. > :00:52.But first, Brussels is coming to terms with Tuesday's attacks
:00:53. > :00:56.at the city's airport and a metro station near European
:00:57. > :00:59.Union buildings which killed at least 31 people and injured dozens.
:01:00. > :01:02.The tragic events come despite European countries increasing their
:01:03. > :01:06.counter-terrorism budgets following the Paris attacks last year.
:01:07. > :01:08.Belgium pledged $450 million of additional spending,
:01:09. > :01:18.aimed at improving intelligence and combating radicalisation.
:01:19. > :01:20.France too increased funding, raising police numbers
:01:21. > :01:24.It says it has stopped 10,000 people from entering the country
:01:25. > :01:33.While the UK is adding almost 2,000 intelligence officers.
:01:34. > :01:35.One of the major issues this attack raises
:01:36. > :01:39.Our transport correspondent Richard Westcott has been looking
:01:40. > :01:42.at how this can be done while still allowing the public to
:01:43. > :01:56.You how EU? We are all familiar with airport security checks like these,
:01:57. > :02:00.but critically, the Brussels bombers never went through them. There are
:02:01. > :02:07.still large parts of airports before you get to security that are
:02:08. > :02:14.effectively open, public places. Anybody could walk in carrying a
:02:15. > :02:22.bag, posing as a passenger. -- hi, how are you? Some airports in the
:02:23. > :02:27.Middle East screen passengers before they are allowed into the building.
:02:28. > :02:34.At the former head of security at Heathrow says that can create its
:02:35. > :02:37.own problems. You would be building up queues outside the terminal,
:02:38. > :02:43.amassing another group of people which are perfect target for a
:02:44. > :02:49.warmer or another shooter. Expert said the best way to stop the attack
:02:50. > :02:50.is to know which is coming in advance, with surveillance and
:02:51. > :02:57.tipoffs. -- experts say. With me now is Dr Florian Otto,
:02:58. > :03:11.an expert in risk analysts Terrible events taking place this
:03:12. > :03:15.week. Many EU countries are reviewing their security and
:03:16. > :03:21.spending policies? In deed. Newport has shown that the reassessment of
:03:22. > :03:26.policy that started last year, it started essentially in January after
:03:27. > :03:32.the attacks in Paris, they had another review in November, and what
:03:33. > :03:38.I think is important to understand from the perspective of governments,
:03:39. > :03:41.they can set obvious things in motion, but this will not improve
:03:42. > :03:47.the security overnight. If the UK says it will add 2000 intelligence
:03:48. > :03:53.analysts, they will not appear overnight and start analysing
:03:54. > :03:56.immediately. It is a long-term struggle, especially when you have
:03:57. > :04:02.to develop new intelligence capabilities which is critical to
:04:03. > :04:09.prevent attacks before they happen. The Belgian government has been
:04:10. > :04:14.criticised, before and after what happened on Tuesday, about the way
:04:15. > :04:18.their security services were working in conjunction with police? The
:04:19. > :04:26.system wasn't working well enough? You have to say, the attacks that
:04:27. > :04:32.took place yesterday were not the first attacks in Brussels in recent
:04:33. > :04:36.years. There was the attack in 2014 on the Jewish Museum which left 14
:04:37. > :04:43.people dead. I think that sent the first alarm bells for the Belgian
:04:44. > :04:48.security services and that they were not entirely on top of the security
:04:49. > :04:52.in the country. This was really brought to light with the November
:04:53. > :04:57.Paris attacks, we Brussels was really the staging area for these
:04:58. > :05:01.attacks. I think what people are realising is that for a very long
:05:02. > :05:06.time, the Belgian security services did not invest in developing the
:05:07. > :05:15.human intelligence that you need these days to get an idea of, has
:05:16. > :05:24.the situation in critical neighbourhoods changed? Is there
:05:25. > :05:29.something that is planned? These days, I think terrorists know that
:05:30. > :05:33.electronic surveillance has been stepped up, so the human element is
:05:34. > :05:38.really critical to understand whether something is coming. In
:05:39. > :05:44.terms of government budgets, many European budgets are dealing with
:05:45. > :05:56.less money to spend on anything, be it health, education or security. It
:05:57. > :06:01.is a difficult issue to settle, in terms of where to spend the money to
:06:02. > :06:07.prevent something like this? You cannot prevent things like this, but
:06:08. > :06:12.to help fully plan for things like this. This is an issue for the
:06:13. > :06:17.Belgian government, they are confronted with the problem that
:06:18. > :06:22.they haven't invested in security for quite a long time. I think the
:06:23. > :06:26.overall narrative of budgetary discipline has probably underpinned
:06:27. > :06:33.this. You can see that security spending is going up in the wake of
:06:34. > :06:39.the Paris attacks. Security is not seen the same budgetary restrictions
:06:40. > :06:49.as other items. A lot more on this story online, we will discuss it
:06:50. > :06:50.further later. But now, let's change gear.
:06:51. > :06:52.The Boao Forum, loosely referred to as China's
:06:53. > :06:56.The government and business leaders are meeting against a backdrop
:06:57. > :07:00.China's economy grew by 6.9 percent in 2015, compared
:07:01. > :07:04.This marks its slowest growth in a quarter of a century.
:07:05. > :07:06.Our Asia Business Correspondent Karishma Vaswani is there.
:07:07. > :07:13.What is the big thing there this year quiz you it is about the Asian
:07:14. > :07:19.future, and what that holds for economies in the region. China are a
:07:20. > :07:23.driving force of this event, it is an opportunity for the who's who in
:07:24. > :07:28.the business and political circles, not just in China but across the
:07:29. > :07:32.region to gather and discuss some of the issues facing the economy is in
:07:33. > :07:38.this part of the world. It is also an opportunity for Chinese business
:07:39. > :07:44.people and political leaders to leave the end of the brutal winter
:07:45. > :07:49.in Beijing and enjoy the warm air. There is a distinct chill in the
:07:50. > :07:56.act, if not in that temperature but certainly in the conversation we are
:07:57. > :08:03.hearing. At the top of everybody's mind is just how badly will China be
:08:04. > :08:10.hard by this new normal? And how will it transition from an economy
:08:11. > :08:14.that has depended on manufacturing and investment into one that is
:08:15. > :08:20.focused on services and innovation? -- hurt. What are people telling you
:08:21. > :08:23.about the outlook for China? Are they optimistic or pessimistic about
:08:24. > :08:32.how China is managing the transition? I think there is a
:08:33. > :08:35.degree of uncertainty. Not many people have a firm view because they
:08:36. > :08:42.don't know as yet. The problem with China's figure is is that, although
:08:43. > :08:49.official figures say growth is due to come by about 7% this year, many
:08:50. > :08:52.economists privately say that the figures are much lower in reality.
:08:53. > :08:58.Everybody is looking to see how China will try to transition to
:08:59. > :09:01.agree that has been dependent on manufacturing for so long, and what
:09:02. > :09:05.will happen to the millions of workers that have been employed in
:09:06. > :09:10.factories across the mainland. They have seen income levels rise. 200
:09:11. > :09:13.million people pushed out of poverty, the biggest figure the
:09:14. > :09:17.world has ever seen. They want to know what their future will mean for
:09:18. > :09:20.them in this new tie now. Thank you. In other news: Bangladesh's central
:09:21. > :09:23.bank is considering filing a lawsuit against the Federal Reserve Bank
:09:24. > :09:26.in New York after cyber hackers The Bangladesh Bank has hired a US
:09:27. > :09:30.lawyer, In February,
:09:31. > :09:33.hackers succeeded in instructing the New York Fed to transfer money from
:09:34. > :09:36.the Bangladesh Central Banks account Australia is to set up
:09:37. > :09:45.a massive clean-energy innovation fund to counter its status as one
:09:46. > :09:48.of the world's largest per capita The plan announced by the
:09:49. > :09:56.Prime Minister Malcolm Turnbull will The aim is to ultimately reduce
:09:57. > :09:59.Australia's carbon emissions to zero,
:10:00. > :10:15.an immense task given the country's That's all for now, we will take a
:10:16. > :10:16.look at the papers in a few minutes. See you