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Those are the latest headlines from BBC World News. | :00:00. | :00:00. | |
Now for the latest financial news with Sally | :00:00. | :00:00. | |
There will be lots of Tweets tonight as Twitter reveals its results. | :00:00. | :00:21. | |
But will it be enough to revive a tumbling share price | :00:22. | :00:23. | |
Political deadlock in Spain that's causing the economy to stall. | :00:24. | :00:30. | |
But will a final round of talks with King Felipe resolve | :00:31. | :00:33. | |
a four-month stalemate or is a new election imminent? | :00:34. | :00:42. | |
Also in the programme: The South Korean economy shows signs | :00:43. | :00:51. | |
Our team in Singapore will tell you all you need to know. | :00:52. | :01:00. | |
Under pressure, Twitter reports its first quarter earnings after the | :01:01. | :01:03. | |
market close in the US later and shares in the social media company | :01:04. | :01:07. | |
Co-founder Jack Dorsey has sought to revive the company's fortunes by | :01:08. | :01:11. | |
Michelle Fleury reports from New York. | :01:12. | :01:24. | |
We can't stop sharing. Stop and think, how many times a day do you | :01:25. | :01:33. | |
interact with social media? Why isn't Twitter more popular? What is | :01:34. | :01:42. | |
the problem? I have a few different social media programmes I use. I | :01:43. | :01:47. | |
don't need it. Do you use Twitter? I don't. It is more friendly for | :01:48. | :01:53. | |
people who are accustomed to being on line. Brevity is key to the | :01:54. | :02:01. | |
appeal. Unlike Facebook, posts are limited to 140 characters. The | :02:02. | :02:05. | |
number of people using it has grown over the last four years. But as you | :02:06. | :02:11. | |
can see, the pace of that growth has started slowing down. A far cry from | :02:12. | :02:18. | |
when it first took flight in 2013, November. It is now 35% below the | :02:19. | :02:25. | |
$26 a share it commanded on the first trading day. It went out to | :02:26. | :02:30. | |
Wall Street in 2013 and said we are going to be this size. Advertisers, | :02:31. | :02:35. | |
we will be this size, we will reach these people. It isn't just Wall | :02:36. | :02:40. | |
Street getting it. Advertisers will say, wait a minute, if we want more | :02:41. | :02:45. | |
people we will go to Google and Facebook, we don't need Twitter. | :02:46. | :02:49. | |
Could be an fell safe Twitter? They will stream ten Thursday night | :02:50. | :02:55. | |
national football games this season, expanding content beyond | :02:56. | :02:58. | |
journalists, politicians and celebrities. The coal users are | :02:59. | :03:07. | |
loyal and vocal. -- core. The problem for Wall Street is there | :03:08. | :03:11. | |
aren't enough of them. With poor share prices, some investors may | :03:12. | :03:19. | |
unfollow the blogging site if they fail to broaden their base. | :03:20. | :03:26. | |
She will tweet about that later. So follow that. | :03:27. | :03:34. | |
It's gone to deadlock in Spain between the political parties | :03:35. | :03:36. | |
as they struggle to form a new government. | :03:37. | :03:38. | |
In fact, Spain has been without a government since 21 December. | :03:39. | :03:41. | |
And it looks increasingly unlikely any progress will be made | :03:42. | :03:43. | |
before Mondays deadline to form a government. | :03:44. | :03:45. | |
last-ditch talks are taking place today | :03:46. | :03:47. | |
With me is Dr Pablo Calderon Martinez, lecturer in Spanish | :03:48. | :03:55. | |
Good morning. Good morning. We have talked about this before, haven't | :03:56. | :04:06. | |
we? Yeah. Since the 21st of September any progress? I don't | :04:07. | :04:12. | |
think so. The talks today are the leadership of the political parties | :04:13. | :04:16. | |
explaining to the king why they cannot reach agreement and why there | :04:17. | :04:20. | |
will not be any way forward. Then everybody will give up towards the | :04:21. | :04:27. | |
new election is. Having said that, I didn't think we were going to get | :04:28. | :04:32. | |
this far. -- elections. Anything can happen to be new elections in June, | :04:33. | :04:38. | |
I think. And what will voters here this time? -- happen. It is the same | :04:39. | :04:44. | |
parties, presumably with the same policies. That will be the issue. | :04:45. | :04:51. | |
There might be some difference but not a massive one in terms of people | :04:52. | :04:55. | |
voting for the left and right. Things will remain the same. The | :04:56. | :05:01. | |
rise of the anti-austerity party, PODEMOS, has been the catalyst for | :05:02. | :05:09. | |
this deadlock. It won't do a deal with another left-wing party perhaps | :05:10. | :05:13. | |
to get into government? They are thinking of getting into a coalition | :05:14. | :05:22. | |
with a leader of the Communist Party in Spain. But the hope of the | :05:23. | :05:28. | |
Socialist Party is steal votes from each other. Then | :05:29. | :05:36. | |
one of them would emerge as the main force in Spain. In the meantime, the | :05:37. | :05:42. | |
Spanish economy has been just carrying on with no decline or in | :05:43. | :05:50. | |
crease. -- increase. Just floating through. The budget proposal was | :05:51. | :05:54. | |
rejected by the European Commission. They have to make serious cuts. How | :05:55. | :05:59. | |
well they worked that out? That is a key problem for the economy. -- how | :06:00. | :06:07. | |
will they. Eventually they will have to deal with the issues. You need a | :06:08. | :06:12. | |
government to do that. The issue of the deficit is quarrying and they | :06:13. | :06:15. | |
need around 2 billion euros in cuts. That will be carried out or a | :06:16. | :06:24. | |
policy defined only when you have a government. This will make it | :06:25. | :06:30. | |
worse. Thank you for your time. We will probably talk about it in the | :06:31. | :06:34. | |
future. Probably. Probably. (LAUGHING). OK. Let us move on. | :06:35. | :06:38. | |
South Korea's economic expansion is continuing to slow. | :06:39. | :06:40. | |
From January to March the economy grew by only 0.4% in | :06:41. | :06:43. | |
That's slightly behind expectations and down from 0.7%. | :06:44. | :07:03. | |
Tell us more detail. That is right. As you said, the statistics weren't | :07:04. | :07:11. | |
great. .4 of a percent is a slow... Even the slow last growth in three | :07:12. | :07:18. | |
quarters. -- slowest. It was due to sluggish exports. Domestic demand | :07:19. | :07:26. | |
also sagged to a great extent due to heavy household debt. Consumers are | :07:27. | :07:30. | |
cutting back on spending. Exports have fallen for 16 consecutive | :07:31. | :07:36. | |
months and will decline again this month. All of this is no real | :07:37. | :07:42. | |
surprise. We know that South Korea's greatest trading partner is | :07:43. | :07:47. | |
China and they are slowing. There is very little South Korea can actually | :07:48. | :07:50. | |
do of its own accord to spur the economy dramatically. Though it has | :07:51. | :07:55. | |
been trying. The nation's Finance Minister has said South Korea has | :07:56. | :08:01. | |
looked at lower borrowing costs and more debt if that is needed to | :08:02. | :08:06. | |
achieve the 3.1% growth for the economy this year. Thank you very | :08:07. | :08:11. | |
much, Sharanjit Leyl, fulfilling us in. See you soon. That is not a | :08:12. | :08:15. | |
spaceship. That is a car. China's slowing economy is having | :08:16. | :08:19. | |
an impact far beyond its own borders but it seems global car | :08:20. | :08:21. | |
makers are staying upbeat, despite Beijing's annual auto show has | :08:22. | :08:24. | |
opened its doors, with plenty of optimism that this | :08:25. | :08:28. | |
year will be a profitable one Stephen McDonell went along | :08:29. | :08:31. | |
for a look. No, I am absolutely convinced that | :08:32. | :08:45. | |
China will stay the biggest single market. There is still a lot of | :08:46. | :08:50. | |
growth potential. Of course, after a year of consolidation in 2015, we | :08:51. | :08:55. | |
will see further growth and also that the Chinese market will turn | :08:56. | :09:01. | |
rapidly into, let's say, a new energy vehicle strategy. There is an | :09:02. | :09:07. | |
obligation that we would like to comply with with emissions. We need | :09:08. | :09:13. | |
a certain kind of hybrid structure and better electric vehicles. And | :09:14. | :09:20. | |
this is where we are investing. The chairman of Audi there. | :09:21. | :09:22. | |
Japan's Transport Minister says he expects Mitsubishi Motors Corp to | :09:23. | :09:25. | |
submit information related to its falsification of fuel economy | :09:26. | :09:27. | |
data on Tuesday, within the deadline set by the ministry. | :09:28. | :09:30. | |
Transport Minister Keiichi Ishii also said the ministry has set up a | :09:31. | :09:33. | |
task force to examine fuel economy data submitted by automakers. | :09:34. | :09:46. | |
Saudi Arabia has laid out plans to diversify its economy moving away | :09:47. | :09:49. | |
80% of its revenues come from oil but it's been hit | :09:50. | :09:53. | |
Under 2030, shares in the state-owned Aramco Oil | :09:54. | :09:57. | |
company will be sold to create a sovereign wealth fund. | :09:58. | :09:59. | |
These markets are trading a little. Two key central bank meetings this | :10:00. | :10:07. | |
week. People are seeing risky assets. This is how it ended on Wall | :10:08. | :10:13. | |
Street. Fairly flat, to be honest. Idle see you soon as we look through | :10:14. | :10:14. | |
the day's newspapers. -- I will see. Junior doctors go on strike | :10:15. | :10:22. | |
in England this morning and, for the first time, | :10:23. | :10:24. | |
will not provide emergency care. | :10:25. | :10:28. |