Browse content similar to 13/04/2016. Check below for episodes and series from the same categories and more!
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Now for the latest financial news with Sally | :00:00. | :00:00. | |
Artificially intelligent robots that talk to humans as | :00:00. | :00:22. | |
Facebook is getting in on the act, but is it just another way | :00:23. | :00:26. | |
The EU will present its proposal for a new data transfer agreement | :00:27. | :00:35. | |
with the United States after the so-called "Safe Harbour" | :00:36. | :00:37. | |
Chinese trade news shows the worlds second | :00:38. | :00:56. | |
Facebook is holding its annual developers conference | :00:57. | :01:04. | |
The idea is to show off new products the social network believes will be | :01:05. | :01:08. | |
This year, the company has unveiled chat bots | :01:09. | :01:12. | |
It's a form of artificial intelligence, which Facebook hopes | :01:13. | :01:18. | |
will create a more interactive experience within the messaging app, | :01:19. | :01:21. | |
such as giving users the ability to shop, book travel, and more. | :01:22. | :01:24. | |
Chatbots learn from data sets, so they can mimic the way | :01:25. | :01:27. | |
Many big companies are already using virtual assistants | :01:28. | :01:42. | |
on their websites, because they are cheaper than training humans. | :01:43. | :01:44. | |
And, some studies suggest people prefer dealing with bots on websites | :01:45. | :01:47. | |
According to research firm, Gartner, up to 85% of customer service | :01:48. | :01:56. | |
Dave Lee is at the Facebook developers conference for us | :01:57. | :02:12. | |
and asked the network's head of messenger what the bots will bring. | :02:13. | :02:19. | |
I think your life will be more and more on the messenger. You will | :02:20. | :02:28. | |
interact with airlines is, as we announced a few weeks ago. You can | :02:29. | :02:41. | |
tap in an address and get a ride soon... An increasing amount of your | :02:42. | :02:48. | |
life will be spent in those threads in passenger with businesses. -- | :02:49. | :02:58. | |
messenger. Some people are already worried about bots irritating us in | :02:59. | :03:04. | |
ways we haven't had to deal with before. But bots cannot start an | :03:05. | :03:11. | |
interaction with you unless you want them to. We will have prominent user | :03:12. | :03:22. | |
controls as well. If you don't want messages you will not get them. We | :03:23. | :03:31. | |
want the experience of messenger to remain low noise. We have controls | :03:32. | :03:37. | |
in place to make sure that happens. But if someone has my account they | :03:38. | :03:45. | |
can do a lot of damage. How do you stop that from happening? Is it a | :03:46. | :03:49. | |
security nightmare? Facebook has always been known for world-class | :03:50. | :03:56. | |
security. We do really well to protect people from all kinds of | :03:57. | :04:01. | |
different, you know, evil intentions and people. I think we are in a | :04:02. | :04:06. | |
great position to continue doing that. If you look at the variety of | :04:07. | :04:12. | |
different properties you use on line, I don't think they are as well | :04:13. | :04:17. | |
equipped as we are to deal with that. And in the future we will have | :04:18. | :04:23. | |
technology to be even safer. If you are having interactions with | :04:24. | :04:26. | |
financial institutions wicked have the ability to secure that thread | :04:27. | :04:34. | |
and secure your information. -- we could. So it is a positive, not a | :04:35. | :04:42. | |
negative, on the security side. If you want to know more about that | :04:43. | :04:48. | |
conference followed Dave on Twitter. -- follow. He is talking | :04:49. | :04:54. | |
about it at the moment. Some | :04:55. | :04:57. | |
of the world's largest corporations, including Google, Facebook, | :04:58. | :04:59. | |
and Amazon, store data about In fact, | :05:00. | :05:01. | |
every day there are literally thousands of bytes of data winging | :05:02. | :05:04. | |
their way across the Atlantic. The question is how to keep | :05:05. | :05:07. | |
that information safe. EU data protection authorities are | :05:08. | :05:09. | |
to publish their opinion today on a new agreement put forward | :05:10. | :05:11. | |
by the European Commission. The new deal is called | :05:12. | :05:14. | |
"Privacy Shield," and it's intended to replace the earlier "EU-US Safe | :05:15. | :05:16. | |
Harbor" deal, which was thrown out by the European Court of Justice | :05:17. | :05:19. | |
last October following a complaint With me is Camilla Graham Wood, | :05:20. | :05:22. | |
Legal Officer at We will try to make sense of this. | :05:23. | :05:40. | |
Good morning. Just explained how this will work. -- explain. It is | :05:41. | :05:49. | |
the new proposed data sharing agreement. It is being reviewed | :05:50. | :05:55. | |
currently by data regulators. We understand they will make a decision | :05:56. | :06:01. | |
today. There have been leaks that many regulators are not happy with | :06:02. | :06:05. | |
the proposals in this agreement and they are sufficient to safeguard | :06:06. | :06:14. | |
data. Do we know how it will work and how it is different to Safe | :06:15. | :06:19. | |
Harbour? It is not sufficiently different. Your data in America is | :06:20. | :06:28. | |
not owned by you, but in Europe you have control over it and you have | :06:29. | :06:37. | |
access to it. Under Privacy Shield, the inadequacies in America still | :06:38. | :06:41. | |
remain. It isn't adequate. Why would the part looking into this come up | :06:42. | :06:48. | |
with something inadequate? That is a good question. This is a fundamental | :06:49. | :06:52. | |
time where, even in America, they could push for fundamental data | :06:53. | :07:01. | |
regulations. That isn't happening. These interests are in weak | :07:02. | :07:04. | |
protections because these companies want to use and sell your data. | :07:05. | :07:12. | |
While we hear a lot of propaganda that the Privacy Shield is | :07:13. | :07:17. | |
equivalent to Europe, that is completely untrue. If you are | :07:18. | :07:22. | |
right, though, resume oblivious system, Privacy Shield, as we know | :07:23. | :07:29. | |
it, will not necessarily become the EU directives in the end. -- | :07:30. | :07:38. | |
presumably. -- directive. It has a lot to go through at the moment. | :07:39. | :07:42. | |
That is what we hope. It has a lot to go through first. We want to have | :07:43. | :07:51. | |
protection from both sides of the Atlantic. We have to question, if a | :07:52. | :07:57. | |
company in America can play fast and loose with our data why can't | :07:58. | :08:04. | |
Europe? We need equivalent protection. We will update you more | :08:05. | :08:07. | |
on that. Now, let's talk about China because | :08:08. | :08:10. | |
today we have some good news. Or, at least, | :08:11. | :08:13. | |
that's how it looks on the surface. Exports surged by nearly 19% | :08:14. | :08:15. | |
in March Plus, the fall in imports declined, | :08:16. | :08:17. | |
too. Rico Hizon is in our | :08:18. | :08:20. | |
Asia Business Hub in Singapore. Lovely to see you. Sally! Investors | :08:21. | :08:35. | |
are too enthusiastic. They are excited. It went past expectations. | :08:36. | :08:43. | |
The first increase is June. Asian markets are rising. -- since. But | :08:44. | :08:47. | |
don't celebrate just yet according to analysts. It is roaring back to | :08:48. | :08:53. | |
life due to a massive injection of credit from the government which | :08:54. | :08:57. | |
could translate to higher debt levels going forward. For now, it | :08:58. | :09:04. | |
has limited lectures on the consumption. But if you break down | :09:05. | :09:09. | |
the numbers the figures were helped by having a low basis of | :09:10. | :09:14. | |
comparison. Exports plunged by 50% year-on-year in March, 2015. Exports | :09:15. | :09:24. | |
were held by seasonal distortions around the holidays. Imports were | :09:25. | :09:28. | |
lifted by shallower commodity price deflation. The bottom line of this | :09:29. | :09:33. | |
analysis, we still may see weaker external demand of exports going | :09:34. | :09:39. | |
forward. This may just be an aberration. In the first three | :09:40. | :09:46. | |
months, China's trade with the EU, America and Southeast Asia are all | :09:47. | :09:52. | |
the client. It is being underpinned by a surging credit. -- declining. | :09:53. | :10:01. | |
OK, I am not smiling as much now. Thank you, Rico Hizon. | :10:02. | :10:03. | |
The International Monetary Fund has cut its global growth forecasts | :10:04. | :10:07. | |
for the second time in just three months. | :10:08. | :10:09. | |
The IMF now sees global expansion this year at 3.2%, down from | :10:10. | :10:12. | |
China's slowdown and weak commodity prices are being blamed, but the IMF | :10:13. | :10:16. | |
also sees financial risks and geopolitical shocks ahead. | :10:17. | :10:27. | |
The price of oil is down slightly at still above $44 a barrel. It is used | :10:28. | :10:38. | |
in stocks around the world. Oil stocks are doing really well. Japan, | :10:39. | :10:45. | |
over 2%. A weaker yen is boosting sentiment. I will show you the US. | :10:46. | :10:52. | |
The figures are getting there, I am getting in trouble. I will see you | :10:53. | :10:57. | |
in a few minutes. | :10:58. | :11:00. |