:00:18. > :00:22.So should humans get paid... to do nothing?
:00:23. > :00:25.Switzerland votes on a basic monthly income for all,
:00:26. > :00:31.Plus - planes trains and automobiles.
:00:32. > :00:34.As a summer of strikes looms in France, we're going to find out
:00:35. > :00:38.what it means if you're planning to travel in Europe, and what it means
:00:39. > :00:58.A bite-size snapshot coming up of everything in the world of business
:00:59. > :01:00.and money. Buyers size up the Japanese firm
:01:01. > :01:04.at the centre of that massive We start in Switzerland,
:01:05. > :01:13.where voters are about to be asked Should there be free money
:01:14. > :01:16.for everyone? "Yes, please,"
:01:17. > :01:18.I hear you all answer. But it's actually
:01:19. > :01:20.a bit more complicated than that. A referendum this weekend will
:01:21. > :01:22.decide whether Switzerland will introduce an 'unconditional basic
:01:23. > :01:27.income' for the whole population. That is, an equal monthly payment to
:01:28. > :01:29.each citizen, Every Swiss adult would receive
:01:30. > :01:39.around $2,500 a month, regardless Existing welfare programmes would be
:01:40. > :01:51.scrapped, but the costs would still be enormous - an estimated extra $25
:01:52. > :02:00.billion a year to fund the program. That would have to be made up
:02:01. > :02:03.by higher sales taxes on goods or The Swiss aren't
:02:04. > :02:11.the only ones looking at this. Finland is due to trial a universal
:02:12. > :02:14.basic income next year - but on a much more limited scale, and
:02:15. > :02:17.just a few hundred dollars a month. And in the Netherlands,
:02:18. > :02:22.the city of Utrecht is also So what are the arguments
:02:23. > :02:44.on either side? Robots are taking our jobs. They may
:02:45. > :02:48.not look exactly like these demonstrators, but machines are
:02:49. > :02:53.increasingly doing work humans were once paid to do. So where does that
:02:54. > :02:59.leave asked? Swiss campaigners want a guaranteed basic income for all of
:03:00. > :03:02.us. We want to introduce a basic income for you, human beings,
:03:03. > :03:09.because we don't want to grab your work and make you suffer. We want to
:03:10. > :03:18.make you free. In Switzerland, over 50% of total work that is done is
:03:19. > :03:23.unpaid. It is care work, at home, it is in different communities. So that
:03:24. > :03:30.work will be more valuable with a basic income. The proposal is to
:03:31. > :03:40.give humans $2500 each per month whether they were not. What they
:03:41. > :03:45.haven't done is suggested how a basic income might be paid for. If
:03:46. > :03:49.the Swiss to vote yes, it will be up to the Swiss parliament to decide.
:03:50. > :03:54.Understandably, in Parliament, there is opposition, but not surprisingly
:03:55. > :03:58.because of cost. Many analysts believe Switzerland could afford
:03:59. > :04:05.basic income because welfare benefits could be cut. My major
:04:06. > :04:08.criticism is very simple. With open borders, it is a total
:04:09. > :04:13.impossibility, especially for Switzerland, with a high living
:04:14. > :04:17.standard. If you were to offer every individual a Swiss amount of money,
:04:18. > :04:21.you would have billions of people who would try to move into
:04:22. > :04:25.Switzerland. Free movement of people is already controversial in
:04:26. > :04:30.Switzerland. A Swiss don't want to make their country more attractive
:04:31. > :04:35.than its neighbours. Polls show voters will reject basic income. But
:04:36. > :04:37.the campaign has started a lively debate about how we work and live in
:04:38. > :04:48.the future. A lot of work going into those robot
:04:49. > :04:49.costumes. We will keep across that referendum.
:04:50. > :04:53.To Asia now, where there could be a takeover on the horizon for Takata,
:04:54. > :04:56.the Japanese firm at the centre of that huge faulty airbag scandal.
:04:57. > :05:02.Sharanjit Leyl is following this for us in Singapore.
:05:03. > :05:08.My first thought was who would want to buy this company? Believe it or
:05:09. > :05:13.not, quite a few different companies are interested and are putting their
:05:14. > :05:17.names in. This is all according to various reports that this may
:05:18. > :05:22.happen, and we know Takata is at the centre of these record recall
:05:23. > :05:28.scandal. We are also seeing it shares surging today. They were up
:05:29. > :05:34.as much as 12% earlier although they are down now. According to the
:05:35. > :05:40.sources, it is companies like private equity firms that are being
:05:41. > :05:44.names that are potentially interested in Takata. It comes after
:05:45. > :05:48.the only did them said in February they are looking to restructure
:05:49. > :05:52.themselves, and that is as they face billions of dollars in recall costs,
:05:53. > :05:58.mostly born by the auto makers. These airbags have been linked to
:05:59. > :06:05.some 13 deaths, including ten in the US. Of course there are a huge
:06:06. > :06:09.number of recalls associated, well over 100 million. A lot of the auto
:06:10. > :06:14.makers are having to bear much of this. Again, discussions are in
:06:15. > :06:17.early stages and may not lead to formal offers. Thank you. We will
:06:18. > :06:19.keep across it. We are also looking at the wave
:06:20. > :06:22.of strikes and protests sweeping across France over proposed reforms
:06:23. > :06:25.to labour laws - effectively making Train services were cut by half
:06:26. > :06:29.on Thursday, with more disruption expected today, although strikes on
:06:30. > :06:32.the Paris Metro and by air traffic To add to the chaos,
:06:33. > :06:39.Air France pilots have now called for a strike starting on June 11 to
:06:40. > :06:42.coincide with the Euro 2016 football It's a subject that's causing major
:06:43. > :06:49.concerns for airline chiefs at the IATA annual general meeting
:06:50. > :06:54.in Dublin. Thomas Reynaert, who runs the lobby
:06:55. > :07:15.group Airlines For Europe, told us a Even as soon as these strikes are
:07:16. > :07:19.announced, a couple of days before, a lines need to take measures. It
:07:20. > :07:25.already has an operational impact. It does impact on profitability as
:07:26. > :07:28.well. I also probably most importantly passengers, our
:07:29. > :07:32.customers. They need to take measures and already have. They have
:07:33. > :07:36.changed their plans, whether it is holiday or business plans. It is
:07:37. > :07:38.impacting us whether the strike takes place or not.
:07:39. > :07:42.Alan Bowen is an international consultant to the travel industry.
:07:43. > :07:48.Thank you for coming in at this time. I want to talk about the
:07:49. > :07:52.air-traffic strike. That was supposed to be for four days and
:07:53. > :07:58.they called it off after one day. How much damage does one day do to
:07:59. > :08:03.the industry? A phenomenal amount, about 100,000 people affected by a
:08:04. > :08:08.one-day strike. It is not just the day, it goes on for days afterwards,
:08:09. > :08:17.because Ryanair, easyJet, if they cancel one flight, they have to find
:08:18. > :08:21.another 186. The flights were full. Finding 186 seats is difficult. The
:08:22. > :08:24.airlines have a legal obligation to look after customers, feeding them
:08:25. > :08:29.and putting them in hotels. Something like this can end up
:08:30. > :08:38.adding up to millions of dollars. So they have called it off, but not
:08:39. > :08:41.completely. So they are thinking of another strike, the air-traffic
:08:42. > :08:50.controllers, round the Euro Championships. Yes, they are. For
:08:51. > :08:55.the uninitiated, air-traffic control strikes in France don't just affect
:08:56. > :09:01.flights in and out of France, but also flights going over France. Yes,
:09:02. > :09:05.to Spain, Italy, Switzerland, many other destinations all affected.
:09:06. > :09:13.Some have taken an extra long route over the Atlantic, adding an hour,
:09:14. > :09:16.500 miles, an extra field. Pilots and cabin crew run out of time
:09:17. > :09:22.earlier than expected so other flights have to be cancelled. So you
:09:23. > :09:27.have to reschedule the staff. How much reputational damage is this
:09:28. > :09:31.doing? A lot of us joke about the French loving a good strike, but
:09:32. > :09:36.let's be serious. How much reputational damage is this doing?
:09:37. > :09:39.It is beginning to make a serious impact. Business travellers are
:09:40. > :09:45.cancelling. If they can't be guaranteed to get there and back in
:09:46. > :09:48.one or two days, there will not go at all. It is damaging business on a
:09:49. > :09:54.long-term basis. We have to wrap it up. But for those out there thinking
:09:55. > :09:58.of travelling around Europe, given I are? Be very careful. -- keep an eye
:09:59. > :10:00.out. Thank you. Snapchat may now be more popular
:10:01. > :10:03.than Twitter, It says the fast-growing messaging
:10:04. > :10:08.app now has 150 million people that use it every day - a big jump from
:10:09. > :10:12.the 110 million it had in December. but in April it said 310 million
:10:13. > :10:16.people used the site each month - That would put daily usage at
:10:17. > :10:20.around 130 million. Its user base is also barely
:10:21. > :10:23.growing, with an increase The OPEC group of oil producing
:10:24. > :10:32.nations has failed to agree a cap on crude production at
:10:33. > :10:37.its twice yearly meeting in Vienna. Some members had been pushing
:10:38. > :10:43.for a deal to prop up oil prices, which have recovered
:10:44. > :10:45.in recent months but are still In a statement, OPEC said
:10:46. > :10:52.its members were committed to Speaking after the meeting,
:10:53. > :10:56.Saudi Arabia pledged that it would not flood the market
:10:57. > :11:01.by increasing production. Don't forget you can get
:11:02. > :11:12.in touch with me and some of the I will be back shortly with Chris to
:11:13. > :11:16.take a look at some of the newspapers from around the world.