:00:00. > :00:00.Now for the latest financial news with Sally
:00:00. > :00:19.Hanging in the balance - workers at Tata's Port Talbot plant in South
:00:20. > :00:27.Wales wait to hear their fate as the company's top bosses meet in Mumbai.
:00:28. > :00:30.The FBI says they've cracked it, and can access the iPhone used
:00:31. > :00:41.The court order to make Apple cooperate is dropped.
:00:42. > :00:47.I'm Sally Bundock. Also in the programme:
:00:48. > :00:50.The good, the bad and the ugly - we've got a lot
:00:51. > :00:54.Our team in the region will make sense of it all.
:00:55. > :00:58.The board of Tata Steel is due to meet in Mumbai today to decide the
:00:59. > :01:04.The struggling plant in Port Talbot, South Wales,
:01:05. > :01:10.was estimated to be losing more than a million pounds a day in January.
:01:11. > :01:13.Following hundreds of job cuts, about 3500 staff still work there.
:01:14. > :01:16.Steelmakers say they're facing the most difficult conditions
:01:17. > :01:25.Producers blame China - accusing the country of 'dumping' cheap
:01:26. > :01:31.steel onto global markets, driving down prices to unrealistic levels.
:01:32. > :01:35.UK steel plants say they are also being hurt by high energy prices.
:01:36. > :01:37.One industry group says electricity costs are substantially higher
:01:38. > :01:39.for producers in Britain compared to European rivals in Germany
:01:40. > :01:49.Let's go to the headquarters of Tata Steel, where this key
:01:50. > :01:59.Our Mumbai correspondent Yogita Limaye is there.
:02:00. > :02:06.We will persevere with the shot. It is a bit shaky, but let's talk about
:02:07. > :02:13.what we might hear about the Port Talbot plant today. Are you getting
:02:14. > :02:17.any indications were they might decide? The Tata Steel group have
:02:18. > :02:22.confirmed this board meeting is being held today, close to where I'm
:02:23. > :02:25.staying, at the headquarters. They have not disclosed what time the
:02:26. > :02:29.meeting will start and whether we will have a decision on the Port
:02:30. > :02:33.Talbot plant. A delegation of members from the Steelworkers union
:02:34. > :02:39.community as well as a local MP from Port Talbot have been here in
:02:40. > :02:43.Mumbai. They said yesterday they met with senior representatives of Tata
:02:44. > :02:49.Steel and have described that meeting as constructive. They also
:02:50. > :02:52.said the Tata Steel company has outlined the global challenges they
:02:53. > :03:01.are facing, some of which you mentioned, Chinese imports. Within
:03:02. > :03:06.the UK... For obvious reasons, we have lost our connection, which is
:03:07. > :03:10.unfortunate. You are looking at pictures of the Port Talbot plant in
:03:11. > :03:14.South Wales, but she was going to add that it is not only thinking
:03:15. > :03:19.about the future of its operations in the UK, but also right across its
:03:20. > :03:23.business. It is facing some serious challenges at the moment, so the
:03:24. > :03:28.company is poised to announce lots of restructuring. We will try to
:03:29. > :03:30.reconnect with her to carry on a conversation a bit later, but for
:03:31. > :03:32.now, let's move on. The FBI has said it no longer needs
:03:33. > :03:35.the help of Apple to unlock the iPhone that
:03:36. > :03:38.was used by the San Bernardino Investigators had taken Apple to
:03:39. > :03:44.court in order to force it to weaken the device's security
:03:45. > :03:48.so data could be accessed. Our technology correspondent
:03:49. > :04:04.Dave Lee has the details. Last week, the FBI said outside
:04:05. > :04:08.party had approached them with the way to break into the phone without
:04:09. > :04:13.the need for Apple's cooperation. It appears that method has worked. So a
:04:14. > :04:22.court case that had the US technology industry united against
:04:23. > :04:26.the FBI has the being gone away. Now this debate moves into more
:04:27. > :04:29.uncertain times. The US government has knowledge of a security
:04:30. > :04:34.vulnerability that in theory weakens Apple devices around the world. To
:04:35. > :04:39.protect its reputation, Apple will rush to find and fix that for, and
:04:40. > :04:46.eschewing it can do that, this row will go back to square one -- as
:04:47. > :04:47.eschewing it can do that, this row will go back to square one -- --
:04:48. > :04:49.side. Now on to the good news -
:04:50. > :04:52.the Japanese are spending more Not as much as hoped for,
:04:53. > :04:56.but still they are spending. However, the number of people out
:04:57. > :04:59.of work has gone up slightly too, and Prime Minister Shinzo Abe is
:05:00. > :05:03.saying he will not delay the second Sharanjit Leyl is in our
:05:04. > :05:07.Asia Business Hub in Singapore. The increase in consumer spending
:05:08. > :05:19.is a little but encouraging. It is significant, but it naturally
:05:20. > :05:25.paints a mixed picture is yes, household spending did rise 1.2% in
:05:26. > :05:30.February against expectations for a decline, but retail sales rose 0.5%
:05:31. > :05:35.in the same month, and that defied expectations and people thought
:05:36. > :05:41.would rise higher. The jobless rate also inched up to 3.3% despite
:05:42. > :05:47.labour demand remaining fairly healthy, at its highest level in
:05:48. > :05:53.fact in two decades. Say really a mixed picture about Japan. The jury
:05:54. > :05:59.is still out where this economy is headed. Shinzo Abe was also in the
:06:00. > :06:03.news, earlier telling lawmakers he has every intention of going ahead
:06:04. > :06:08.with the sales tax hike unless the economy is heat by a shock on the
:06:09. > :06:14.scale of the collapse of the Lehman Brothers in 2008 or the massive
:06:15. > :06:18.earthquake that struck in 2011. This is significant, because it is
:06:19. > :06:23.against expectations by many analysts he would delay raising that
:06:24. > :06:28.sales tax to 10% next year on lots of concerns it would start to derail
:06:29. > :06:33.Japan's fragile recovery that we are seeing in numbers like what came out
:06:34. > :06:37.earlier today. That fragile recovery of course continues to require more
:06:38. > :06:44.government help. The debate is of course a really intensified debate.
:06:45. > :06:50.Later, we are watching the Japan Parliament, who are said to approve
:06:51. > :06:52.a record over $850 billion state budget for the fiscal 2016. A lot
:06:53. > :06:55.going on in Japan. Thank you. One of the ways Prime Minister
:06:56. > :06:58.Shinzo Abe has been trying to jump-start the economy is by
:06:59. > :07:00.encouraging corporate Japan to include more women
:07:01. > :07:02.in the managerial mix. While most firms are
:07:03. > :07:04.struggling to achieve this, As part of our Jump Starting series,
:07:05. > :07:22.Mariko Oi puts the spotlight MUSIC PLAYS
:07:23. > :07:27.With this gadget commercial of shrimp chips, Calbee became a
:07:28. > :07:36.household name in the 1960s. It may be an old friend, but it has new
:07:37. > :07:41.ideas. Meet the team behind a current bestseller. In most Japanese
:07:42. > :07:46.firms, this team leader would be expected to work late. But she is a
:07:47. > :07:50.mother, and she keeps her hours. TRANSLATION: I was surprised when
:07:51. > :07:54.they offered me the position, but we have many more female executives
:07:55. > :08:02.now, so it is becoming the norm. When she took the top job at Calbee
:08:03. > :08:08.2009, any 6% of managers were women. Five years on, the number of female
:08:09. > :08:17.managers has more than tripled. The key is top management decisions or
:08:18. > :08:21.policies, but some top management in Japanese companies are still
:08:22. > :08:25.hesitant. You have been a vocal advocate for diversity in your
:08:26. > :08:30.company. What you hope to see from the rest of corporate Japan in the
:08:31. > :08:39.next 5-10 years? My expectation is to promote this diversity. Any, or
:08:40. > :08:46.some, or major Japanese companies, like Nissan, such a huge company. We
:08:47. > :08:52.want to achieve that goal. If they reach a certain level, most of the
:08:53. > :09:02.other companies they do it. Calbee is small. But Toyota, only 3% of
:09:03. > :09:07.managers are women, while at Nissan, it is slightly higher at 8%. Most of
:09:08. > :09:10.corporate Japan is struggling to meet the government's original
:09:11. > :09:17.target of increasing the proportion of female managers to 30% at 2020.
:09:18. > :09:25.So in December last year, the target was cut by half. For working mothers
:09:26. > :09:30.at Calbee, it is time to rush back to pick up their children. Something
:09:31. > :09:33.most men don't have to worry about. But what will it take for the rest
:09:34. > :09:40.of corporate Japan to revamp their recipe for success?
:09:41. > :09:48.The markets open again in Asia today. Some were closed yesterday
:09:49. > :09:52.for the long break. The Nikkei down slightly. The Japanese yen has
:09:53. > :09:56.gained ground. The dollar has been falling. The US markets were open.
:09:57. > :10:10.You can see a mixed picture there today. And just to say that the
:10:11. > :10:13.Chinese insurance firm Anbang has raised its offer for Starwood Hotels
:10:14. > :10:16.to $14 billion, extending a bidding war with Marriott for the group.
:10:17. > :10:18.Almost 8000 jobs in UK libraries have disappeared
:10:19. > :10:22.in the last six years, around a quarter of the entire workforce.