:00:00. > :00:00.Now for the latest financial news with Sally Bundock
:00:00. > :00:19.The car you don't have to drive, or even own and it won't
:00:20. > :00:26.Ford says it will start delivering it in 2021.
:00:27. > :00:28.Stitched up - Bangladesh fears its garment industry
:00:29. > :00:30.is at risk as a recent terror attack targeting foreigners
:00:31. > :00:44.Also in the programme Cathay Pacific has just
:00:45. > :00:57.US car maker Ford has promised it will have a mass-produced
:00:58. > :01:01.self-driving car on the road by 2021 - one that won't even
:01:02. > :01:05.The company says you'll be able to hail a car like a taxi
:01:06. > :01:12.To achieve that ambitious goal, Ford has invested $75m in a sensor
:01:13. > :01:16.Our North America technology reporter Dave Lee spoke
:01:17. > :01:32.The experience inside were you do not have to take control of a
:01:33. > :01:37.vehicle, changes everything. Whether you want it to work, entertainment,
:01:38. > :01:41.those are the things we are thinking about it as we designed the
:01:42. > :01:46.experience for this type of fully autonomous vehicle. You mentioned it
:01:47. > :01:49.would be part of a ridesharing, write Hayling, operation. Are you
:01:50. > :01:59.planning for a time when people don't buy cars any more? -- hailing.
:02:00. > :02:04.Even in years from now, people have bought and owned vehicles in the way
:02:05. > :02:09.that they had for many, many years. There will be a growing % of the
:02:10. > :02:12.industry that will be fully autonomous vehicles. Most probably
:02:13. > :02:18.in cities and urban areas, dense areas. It will be growing. We want
:02:19. > :02:21.to be a leader today in our core business of how people drive and
:02:22. > :02:26.owned vehicles today and we want to be a leader tomorrow for the fully
:02:27. > :02:35.autonomous. You announced a big investment in LiDAR technologies.
:02:36. > :02:42.Tesla says there is no future in that technology. Why you investing
:02:43. > :02:48.so much in what Tesla thinks is a waste of technology? I can't speak
:02:49. > :02:55.about. We believe that LiDAR is extremely important because it
:02:56. > :03:00.provides the precise definition of the exterior of the vehicle. What
:03:01. > :03:07.about the people, the millions of people, that make their money from
:03:08. > :03:11.driving taxis and trucks? Clearly, as you think about the societal
:03:12. > :03:18.benefits around fully autonomous vehicles, and efforts around the
:03:19. > :03:21.safety, mobility for elderly or disabled folks, benefits for the
:03:22. > :03:24.environment because there is less congestion at clearly those are
:03:25. > :03:31.really huge benefits. At the same time, a lot of economies in the US
:03:32. > :03:36.are very resilient. As we see in situations like this, the economies
:03:37. > :03:47.will be resilient and there will be new sources of opportunity for
:03:48. > :03:49.people to work. A lot more from Dave on our website. Do take a look.
:03:50. > :03:50.Cathay Pacific Airways, Asia's largest international
:03:51. > :03:53.airline, will report its financial results for the first half
:03:54. > :03:59.Rico Hizon is in our Asia Business Hub in Singapore.
:04:00. > :04:24.Sally! What does it look like? A lot of turbulence here. Profit bound by
:04:25. > :04:27.82% - $45.5 million. You have competition from regional carriages.
:04:28. > :04:34.Major challenges as Cathay Pacific are having difficulty repaying their
:04:35. > :04:40.profit margins. They are a multi- airline that didn't benefit fully
:04:41. > :04:43.from the drop in airline prices. Cathay Pacific are also fighting off
:04:44. > :04:49.the challenge of the Chinese and Middle Eastern airlines and are
:04:50. > :04:54.expanding rapidly in the region. Air China, China Eastern, offering more
:04:55. > :04:58.direct services from the mainland, making it less attractive to hop via
:04:59. > :05:08.Hong Kong when you also have the Middle East, offering luxuries such
:05:09. > :05:12.as shower rooms and a face. They are offering more services than Cathay
:05:13. > :05:19.Pacific with a lower air fare. Going forward, authorities are opposing FC
:05:20. > :05:24.who fly out of Hong Kong and that is to pay for the multi billion dollar
:05:25. > :05:29.expansion of the airport including the construction of the city's that
:05:30. > :05:36.runway. Net profit of Cathay Pacific in the first half of the year, 82%
:05:37. > :05:40.to $45.5 million. It is not looking good for Cathay Pacific in the
:05:41. > :05:43.second half of the year. We shall keep an eye on the performance.
:05:44. > :05:46.Bangladesh's textile industry is the backbone of its economy.
:05:47. > :05:54.There are nearly four thousand clothing factories in the country
:05:55. > :06:00.and together they exported textiles worth $28 billion last year
:06:01. > :06:03.and the government has set a target to increase that to $50 billion
:06:04. > :06:08.But the sector has been shaken by an Islamist attack on a cafe
:06:09. > :06:11.in Dhaka last month which killed more than 20 people,
:06:12. > :06:24.The BBC's Anbarasan Ethirajan reports from Dhaka.
:06:25. > :06:32.A busy day in a clothing factory. Clothes made here travel far and
:06:33. > :06:45.wide with factories producing for major Western brands such as
:06:46. > :06:49.Walmart, H and GAP. Several foreign buyers are leaving
:06:50. > :06:54.Bangladesh due to security concerns. Factory owners are worried that
:06:55. > :06:59.buyers will ultimately go elsewhere. What is happening is the immediate
:07:00. > :07:03.effect is that buyers are mostly not planning to travel to this country
:07:04. > :07:09.which is disastrous. It only means that we will have to travel and meet
:07:10. > :07:15.them elsewhere but, more than that, I think it's the confidence level
:07:16. > :07:22.which has been shaken. The industry here in this country is critical to
:07:23. > :07:28.the economy. It has been able to most people out of poverty. --A lot
:07:29. > :07:33.of people. 3 million people are women. These workers are concerned
:07:34. > :07:39.that if the orders go elsewhere, they will lose their jobs. The
:07:40. > :07:44.industry has just started to recover from the collapse of this complex in
:07:45. > :07:50.which hundreds of garment workers were killed. Many factories have
:07:51. > :07:55.been expanding the capacity at factory owners are now suspending
:07:56. > :08:04.the plans. We had a plan to expand our business as well. In another
:08:05. > :08:08.factory, I am planning to wait and see if the situation comes down.
:08:09. > :08:15.Many western retailers have promised to stay with Bangladeshi factories.
:08:16. > :08:19.But if this continues and foreigners are targeted again, the perception
:08:20. > :08:22.may change. The government has promised to boost security. How it
:08:23. > :08:23.responds to the militancy will define the future of the country's
:08:24. > :08:28.garment industry. Online news site Gawker Media has
:08:29. > :08:38.been sold to media firm Univision for $135m (?103m) in
:08:39. > :08:40.a bankruptcy auction. The firm outbid media rival
:08:41. > :08:43.Ziff Davis to seal the deal, which still hinges on approval
:08:44. > :08:45.from a bankruptcy judge. The sale comes after Gawker filed
:08:46. > :08:48.for bankruptcy protection in June to avoid paying damages after it
:08:49. > :08:51.lost a $140m invasion of privacy lawsuit bought by former
:08:52. > :08:57.wrestler Hulk Hogan. China's state council has approved
:08:58. > :09:00.a new link between its tech heavy Shenzhen and Hong Kong
:09:01. > :09:06.stock exchanges in a move Under the initiative -
:09:07. > :09:15.limits on how much foreigners can invest in Chinese stocks
:09:16. > :09:17.will be scrapped. But there will be a daily cap of $2
:09:18. > :09:20.billion dollars on the amount Following a pledge by UK
:09:21. > :09:24.Prime Minister Theresa May, banks and accountancy firms
:09:25. > :09:26.which help their clients to avoid tax unlawfully, could face huge
:09:27. > :09:28.fines under proposals Ministers have published plans
:09:29. > :09:32.to give the courts powers to impose fines equivalent to the total
:09:33. > :09:49.amount of tax avoided. It is incredible how Japan's Nikkei
:09:50. > :09:53.has been resilient despite the fact that the yen has been strong versus
:09:54. > :09:57.the dollar. Yesterday, the dollar has been buying less than 100 yen.
:09:58. > :10:00.There is talk about when rates will be going up in the United States.
:10:01. > :10:06.Movement on the dollar at the moment. In the US, some losses, not
:10:07. > :10:12.heavy. Let's not forget this have been -- these have been hitting
:10:13. > :10:14.record highs.