Browse content similar to 25/05/2016. Check below for episodes and series from the same categories and more!
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Now for the latest financial news with | :00:00. | :00:00. | |
Marathon talks in Brussels reap rewards for Greece. | :00:00. | :00:25. | |
At last some debt relief and another cash | :00:26. | :00:27. | |
Rights, camera, action - the European Commission takes | :00:28. | :00:33. | |
on the world's biggest players in digital media | :00:34. | :00:35. | |
but what will the changes deliver for businesses and consumers? | :00:36. | :00:41. | |
Eurozone finance ministers have agreed to unlock another $11.5 | :00:42. | :00:53. | |
billion worth of bailout funds to Greece. | :00:54. | :00:54. | |
After marathon talks that ended in the early hours | :00:55. | :00:57. | |
of this morning in Brussels, it was also agreed to phase in debt | :00:58. | :01:00. | |
relief in two years' time - a key demand of the Greek government and | :01:01. | :01:03. | |
The 19 ministers said the deal had been made possible by Greece's | :01:04. | :01:07. | |
Pierre Moscovici, European Commissioner for Economic and | :01:08. | :01:10. | |
We have now good agreement in place, which is as we expected and | :01:11. | :01:34. | |
hoped, a global agreement which opens the way for significant | :01:35. | :01:37. | |
disbursement of much-needed funding for Greece and for import and | :01:38. | :01:43. | |
measures on debt relief. Above all, this opens the way for a return of | :01:44. | :01:54. | |
the confidence that is so essential for lasting economic recovery in | :01:55. | :01:58. | |
Greece, which is the purpose, so it is a very important moment in the | :01:59. | :02:05. | |
long and sometimes ethical story -- important measures. It certainly was | :02:06. | :02:07. | |
a difficult story. As part | :02:08. | :02:09. | |
of the measures agreed Greece will gain a short-term re-profiling | :02:10. | :02:11. | |
of its loans, while more expensive debt could be "swapped" with | :02:12. | :02:14. | |
cheaper loans to bring down the That is quite radical for Greece, | :02:15. | :02:17. | |
really. The likes of Amazon Prime | :02:18. | :02:22. | |
and Netflix and could be just hours away from | :02:23. | :02:24. | |
being forced to make more of their The move is part of a raft | :02:25. | :02:28. | |
of proposals that will be unveiled later today as part | :02:29. | :02:33. | |
of a plan to shake up the EU's broadcasting rules which haven't | :02:34. | :02:36. | |
been updated in six years. The European | :02:37. | :02:38. | |
Commission is expected to rule that at least 20% of the streaming Giants | :02:39. | :02:40. | |
content consists of European TV Netflix has already | :02:41. | :02:43. | |
denounced the plans saying they will lead to streaming sites buying lots | :02:44. | :02:50. | |
of poor quality content just to make The plan could also | :02:51. | :02:54. | |
leads to more rigorous age restrictions for certain content | :02:55. | :02:57. | |
on sites like YouTube which traditional broadcasters wouldn't be | :02:58. | :02:59. | |
able to show during the day. These include an end | :03:00. | :03:02. | |
to the practice of Geo blocking - which has until now prevented | :03:03. | :03:05. | |
customers in one country from buying electronics, clothing, shoes | :03:06. | :03:07. | |
and other goods from online stores With me is Phil Sherrell, head of | :03:08. | :03:10. | |
media at Bird Bird, joins me now. It is good to see you again. We have | :03:11. | :03:17. | |
mentioned those elements but there is more. We expect a lot of come out | :03:18. | :03:21. | |
today. They are the big things I have highlighted, the liberalisation | :03:22. | :03:22. | |
of advertising rules for TV broadcasters, we expect ITV to have | :03:23. | :03:29. | |
more flexibility to schedule adverts in prime time, and a big proposal to | :03:30. | :03:35. | |
push more onto the platform is to say, you've got to pay more for | :03:36. | :03:39. | |
content you are accessing, YouTube and music, which could be radical. | :03:40. | :03:46. | |
Talk us through the reaction from Netflix. Headache? They say it will | :03:47. | :03:52. | |
make them fund EU content which consumers don't want to watch and it | :03:53. | :03:57. | |
is just gonna be lost. It is good news for EU and UK production | :03:58. | :04:01. | |
companies who have forced the man for services. In terms of the rights | :04:02. | :04:08. | |
issue, it must be a minefield? Yes. The biggest looks like they won't | :04:09. | :04:14. | |
address, in the context of geo- blocking, they have been talking | :04:15. | :04:18. | |
about forcing sports and media right owners to attend the rights | :04:19. | :04:21. | |
internationally across the EU and stop passing it out by country. From | :04:22. | :04:28. | |
the draft we have seen at his -- that has been dropped but we expect | :04:29. | :04:32. | |
it to return later in the year. What does it mean for the European | :04:33. | :04:36. | |
consumer? Will it make services better, or more complicated? There | :04:37. | :04:42. | |
are different dynamics going on. It is a strong pro- consumer agenda, | :04:43. | :04:45. | |
which we saw with these content rules which have already come out | :04:46. | :04:49. | |
around allowing you to take UK subscriptions across Europe when | :04:50. | :04:53. | |
travelling on business. It is a strong consumer element. And a | :04:54. | :04:58. | |
strong EU create a element. It is about EU looking after media | :04:59. | :05:03. | |
companies at the expense perhaps of US streaming services and platforms | :05:04. | :05:09. | |
-- element. With a Netflix, but Amazon and others, they cannot do | :05:10. | :05:13. | |
much, if they want to be in Europe they have to play ball? A draft is | :05:14. | :05:18. | |
out today and thinking behind it is EU broadcasters are already subject | :05:19. | :05:22. | |
to rules around local content and investment. From their perspective | :05:23. | :05:25. | |
it is levelling the playing field for services competing. It is about | :05:26. | :05:31. | |
keeping it fair. We shall watch this space with interest. Thank you for | :05:32. | :05:33. | |
coming into its plane all of that. Tata Steel will announce | :05:34. | :05:35. | |
its financial results for the first three months | :05:36. | :05:37. | |
of this year later today. And they may also reveal which | :05:38. | :05:39. | |
bidders will continue in the race to Tata Steel is unloading them | :05:40. | :05:42. | |
because of steep losses. So what does all this mean | :05:43. | :05:46. | |
for the financial prospects This is where Tata steel began | :05:47. | :05:51. | |
its journey. Central India more | :05:52. | :05:59. | |
than one century ago. Among the country's oldest steel | :06:00. | :06:04. | |
companies, it grew to be one In 2007 it made a bold move, | :06:05. | :06:06. | |
buying British factories, including The once prized possession | :06:07. | :06:11. | |
is now a financial burden. Tata Steel wants to sell | :06:12. | :06:23. | |
off its entire UK business and hopes Coming out of loss-making business | :06:24. | :06:26. | |
in the UK has overall improved profitability and reduced the burden | :06:27. | :06:35. | |
on the domestic business for Tata. They have been doing well | :06:36. | :06:42. | |
in the domestic business. In terms of profitability | :06:43. | :06:44. | |
and the margins. The decisions made in this building, | :06:45. | :06:54. | |
the headquarters in Mumbai, are not aimed at shrinking part | :06:55. | :06:58. | |
of the company hurting the bottom line, but also expanding in areas | :06:59. | :07:00. | |
where there is money to be made. It recently opened up a factory | :07:01. | :07:04. | |
in eastern India. And | :07:05. | :07:06. | |
while the domestic business is doing Domestic demand, which should have | :07:07. | :07:08. | |
picked up, or expectation of Steel companies | :07:09. | :07:15. | |
in India are increasing capacity. And then | :07:16. | :07:24. | |
of course there is competition from China which has been flooding | :07:25. | :07:27. | |
the market with cheap steel. Even without its UK business, | :07:28. | :07:30. | |
this Indian giant has many irons Uber, Gett - they're all tying up | :07:31. | :07:33. | |
with carmakers with investments With more of the details, Sharanjit | :07:34. | :07:46. | |
Leyl joins us from Singapore. It is nice to see you. Tell us more. | :07:47. | :08:03. | |
That is right. Toyota has hailed a ride with Uber and VW with the | :08:04. | :08:08. | |
operator Gett. These are separate partnerships, where in investment | :08:09. | :08:10. | |
and technology research figure prominently. Toyota will invest an | :08:11. | :08:16. | |
unspecified amount in Uber and offer leasing options for drivers. The | :08:17. | :08:21. | |
companies will share knowledge and speed up efforts in driverless cars | :08:22. | :08:31. | |
research and technology like in car apps, and VW will work with Gett in | :08:32. | :08:38. | |
several European cities. The Gett CEO said that would involve | :08:39. | :08:41. | |
technology and innovation also. We know that these deals follow the | :08:42. | :08:46. | |
Apple $1 billion investment in the Chinese service a couple of weeks | :08:47. | :08:53. | |
ago and in March GM invested $500 million into the US Uber rival Lift | :08:54. | :08:59. | |
to develop and OnDemand network for self driving cars, all suggesting | :09:00. | :09:02. | |
the nature of transport, getting from A to B is changing | :09:03. | :09:08. | |
dramatically. It is indeed an thank you. -- and. | :09:09. | :09:14. | |
In other news: Huawei is suing tech rival Samsung over claims that | :09:15. | :09:17. | |
The Chinese firm said it was pursuing its South Korean rival | :09:18. | :09:21. | |
in two courts - one in California, the other in Shenzhen. | :09:22. | :09:24. | |
Huawei says that several of its cellular communications | :09:25. | :09:26. | |
and software inventions had been used in Samsung's phones without | :09:27. | :09:28. | |
Monsanto has rejected a $62 billion offer from Bayer that | :09:29. | :09:31. | |
would have created the world's biggest agricultural supplier. | :09:32. | :09:33. | |
The US company said he offer was "financially inadequate", | :09:34. | :09:36. | |
but left the door open for a potentially higher bid. | :09:37. | :09:38. | |
Hugh Grant, Monsanto chief executive, | :09:39. | :09:39. | |
said the proposal significantly undervalued the company. | :09:40. | :09:41. | |
He also raised concerns about whether a deal would be | :09:42. | :09:44. | |
That is all from World Business Report. To mention the markets in | :09:45. | :10:01. | |
Asia, riding high off the back of a good session in Wall Street before. | :10:02. | :10:09. | |
I will see you soon. -- a good session in Wall Street the night | :10:10. | :10:10. | |
before. Nurses | :10:11. | :10:13. | |
and midwives will lobby Parliament today calling for a re-think | :10:14. | :10:15. | |
of plans to scrap maintenance The proposals to axe the allowances | :10:16. | :10:18. | |
were first put forward in November last year as part of | :10:19. | :10:22. | |
the Chancellor's spending review. | :10:23. | :10:25. |