:00:15. > :00:16.Counting the cost of the refugee crisis.
:00:17. > :00:18.UN leaders gather to try to end the suffering.
:00:19. > :00:27.We'll meet the Brits who've moved to California to try to make it big
:00:28. > :00:48.The boss of Wells Fargo gets a grilling today
:00:49. > :00:51.from US politicians about the banks heavy sales tactics.
:00:52. > :00:55.We start with the refugee crisis that's dominated so much
:00:56. > :00:59.Global leaders are in New York for a summit on how
:01:00. > :01:03.And they've got a huge task on their hands.
:01:04. > :01:05.The United Nations estimates that more 65 million
:01:06. > :01:08.people around the world have been forced from the homes.
:01:09. > :01:10.And 80% of refugees are settled in developing economies
:01:11. > :01:19.The World Bank is calling on world powers to help
:01:20. > :01:28.45 countries are expected to increase aid
:01:29. > :01:33.They're also expected to focus on creating better access
:01:34. > :01:42.Guy Ryder is the director general of the International Labour
:01:43. > :01:47.Organisation and joins us now from New York.
:01:48. > :01:55.Garay, I understand you are there for this refugees summit from the
:01:56. > :02:00.United United Nations. How do countries go about finding work for
:02:01. > :02:04.refugees, many of these countries we have discussed have got their own
:02:05. > :02:09.unemployment crisis going on? -- Guy. You're right. Looking at
:02:10. > :02:14.Jordan, which you mention, local unemployment in Jordan is 12 or 13%.
:02:15. > :02:19.Now they have got the task of dealing with about 1.5 million
:02:20. > :02:23.Syrian refugees in their midst. I think the first thing to say, and
:02:24. > :02:32.this is really to the fore in the summit meeting in New York, is
:02:33. > :02:35.shared responsibility. It is simply not reasonable or possible to expect
:02:36. > :02:38.those developing countries, which, by the accident of geographical
:02:39. > :02:41.proximity, are bearing most of the responsibility at the moment to do
:02:42. > :02:44.it on their own. Shared responsibility is one part of the
:02:45. > :02:49.job but practical efforts to help out these countries is another.
:02:50. > :02:52.Labour market access we have to be clear is a fundamental effort of the
:02:53. > :02:57.response to the refugee crisis. It is estimated that the average stay
:02:58. > :03:02.of a refugee in their host country is 17 years. Now, those people will
:03:03. > :03:07.work, they will find their way into labour markets one way or another.
:03:08. > :03:13.We have to manage that access. How it is managed is critical, isn't it?
:03:14. > :03:16.In some countries, like we have discussed, Ethiopia for example, I
:03:17. > :03:21.know you had a report earlier this month talking about youth
:03:22. > :03:25.unemployment. It is chronic in North Africa, almost 30%. You're
:03:26. > :03:29.absolutely right. We have to deal with these problems in a way which
:03:30. > :03:33.addresses the needs of local populations as well as refugees. Of
:03:34. > :03:38.course, that's easy to say and much more difficult to do. In the case of
:03:39. > :03:42.Jordan I think you've got the most comprehensive response. The Jordan
:03:43. > :03:48.packed so-called involves a major international effort to mobilise
:03:49. > :03:53.investment, the setting up of economic zones, which are going to
:03:54. > :03:58.be coupled with relaxation of rules of origin to give Jordan Jordanian
:03:59. > :04:03.garments in particular better access to European markets. -- Jordan pact.
:04:04. > :04:07.The hope is you can boost the economy and pull up a refugees as
:04:08. > :04:12.you do, but also helping the local population. The fact we are dealing
:04:13. > :04:15.with this refugee crisis against a background of chronic global
:04:16. > :04:23.unemployment just makes the problem worse. We really appreciate you
:04:24. > :04:24.staying up for us in New York, Guy Ryder, director-general of the
:04:25. > :04:25.International Labour Organisation. The boss of Wells Fargo bank
:04:26. > :04:29.testifies before the US John Stumpf is expected to apologise
:04:30. > :04:32.after allegations that bank employees opened up to two million
:04:33. > :04:35.unauthorised accounts to meet It's thought employees transferred
:04:36. > :04:38.customers' money without telling them and even created fake e-mail
:04:39. > :04:53.addresses to sign people up We will be a cross that grilling and
:04:54. > :04:56.we will update you when he does start to testify. -- across.
:04:57. > :04:59.Boosting Britain's tech sector is one of the big ambitions
:05:00. > :05:02.of the government here, so why are so many Brits
:05:03. > :05:06.Our North America technology reporter Dave Lee has been meeting
:05:07. > :05:12.He brings us the latest installment of our series on tech talent.
:05:13. > :05:19.It's the gold rush people have been flocking to, to San Francisco to
:05:20. > :05:23.find their fortune and for opportunities that simply don't
:05:24. > :05:26.exist anywhere else. Which is why many top British tech entrepreneurs
:05:27. > :05:30.have decided to make this city their home. I think it would have
:05:31. > :05:34.definitely been more difficult and probably impossible to start Slack
:05:35. > :05:39.in the UK. If you're looking for a company that could one day be as
:05:40. > :05:44.successful as Google, Slack is a good place to start. The work
:05:45. > :05:54.collaboration tool is valued at $3.8 billion and is one of the
:05:55. > :05:58.fastest-growing companies in tech. If it's your first week you get a
:05:59. > :06:02.smiley face to balloon. You are British as are many of your team,
:06:03. > :06:05.why aren't you in Britain? The two things that would hold us back from
:06:06. > :06:09.a large expansion into, say, London, one would be the cost, but the other
:06:10. > :06:12.would be available talent, the appetite for risk is much lower, it
:06:13. > :06:16.is harder to attract people to what seems like a risky job at a
:06:17. > :06:19.start-up. Of course it is money that makes the industry tech. Last year
:06:20. > :06:23.then to capital firms invested $60 billion into US companies. The vast
:06:24. > :06:28.majority of it going to tech firms in Silicon Valley. In contrast, UK
:06:29. > :06:32.companies had to share just $3.6 billion in funding. Our next fund,
:06:33. > :06:42.which we announced earlier this year, is a cool $100 million. One of
:06:43. > :06:45.those dishing out the cash is Andy MacLachlan, a partner at an
:06:46. > :06:48.investment firm. It is this magical place where people have made money
:06:49. > :06:51.and rather than disappearing into The Cotswolds like people used to do
:06:52. > :06:55.in the UK, they are staying active in the UK system and putting that
:06:56. > :06:59.money back in and success begat success and we saw this continual
:07:00. > :07:03.cycle. That is a view enthusiastic Glebe backed up by Robyn, she
:07:04. > :07:08.founded a lesbian dating app in the UK but soon moved stateside. When I
:07:09. > :07:19.was in Europe it took me about eight months to raise $1 million. When I
:07:20. > :07:22.came here it took me six days. There are great funds operating out of
:07:23. > :07:26.London and as they continue to grow the tech scene it will get stronger
:07:27. > :07:30.and stronger. I think it will take a while before one of those really big
:07:31. > :07:33.ones starts to emerge. Some say the amount of money being spent on
:07:34. > :07:37.start-ups here is wasteful and extravagant and an industry set to
:07:38. > :07:40.crash again. But for now at least in Silicon Valley seems set to remain
:07:41. > :07:43.the place for bright ideas. Dave Lee, BBC News, San Francisco.
:07:44. > :07:46.The global boating industry is worth a staggering $120 billion
:07:47. > :07:49.and employs more than a 250,000 people in Europe alone.
:07:50. > :07:52.Despite its size, the sector is only now getting the wind back
:07:53. > :07:54.in its sails after the global financial crisis.
:07:55. > :07:57.One of the most important events in the industry's European calendar
:07:58. > :08:00.is the Southampton Boat Show on the south coast of the UK.
:08:01. > :08:11.You can tell from the weather, it ain't the Monaco boat show but it is
:08:12. > :08:17.one of you rock's biggest with more than 600 votes on display, ranging
:08:18. > :08:22.in all shapes and sizes -- Europe's. From this, the smallest collapsible
:08:23. > :08:28.canoe at only $400 to the biggest and most expensive. Here she is, the
:08:29. > :08:33.Princess superyacht, 30 metres long, 100 feet, and $11 million. No point
:08:34. > :08:37.in hanging on the dockside, let's find out what $11 million can buy
:08:38. > :08:42.you. Welcome on board, we have entered from the back of the ship
:08:43. > :08:47.where the bar is. Thanks, Kate and. Come to the main salon, rising
:08:48. > :08:52.television, BBC News of course. This is big business. More than 400 super
:08:53. > :08:56.yachts were sold worldwide last year and some of the requests by some of
:08:57. > :09:00.the owners pretty outlandish, one guy wanted a shooting range to fire
:09:01. > :09:05.off his nine millimetre. They said no to that but yes to this, a
:09:06. > :09:10.backlit onyx that weighs a ton. But something really phenomenal? Look at
:09:11. > :09:14.the owner's bedroom. The master cabin, here she is, this superyacht
:09:15. > :09:20.is 100% designed and built in Britain, in Plymouth in fact. She
:09:21. > :09:23.has all your creature comforts, your luxury as features, the big windows
:09:24. > :09:29.and even a skylight but I tell you what, a pretty nice ensuite --
:09:30. > :09:33.luxurious. Here we are, three stories up, you're nobody if you
:09:34. > :09:37.don't have a Jacuzzi on your superyacht. This is the bridge where
:09:38. > :09:42.the boat can also be driven, but the nerve centre is down here. Take a
:09:43. > :09:47.look at that. Come on down! OK, here we are on the bridge with the latest
:09:48. > :09:51.technology. This ship has 37 miles of wiring and these are the cameras
:09:52. > :09:56.into the engine room. She has the power of more than 70 sports cars.
:09:57. > :10:05.And down here are here are the fuel tanks. $50,000 but she will save you
:10:06. > :10:09.sale you 2600 kilometres. If I wanted to sleep on board I wonder
:10:10. > :10:14.which suite I would get? This one down here, the one with the door
:10:15. > :10:18.open. I can't believe it, you've got to be kidding me. I wouldn't even
:10:19. > :10:21.fit in this bed. You know what they've done, they have stuck me in
:10:22. > :10:28.the crew quarters. Thanks, guys! The only place to put Aaron
:10:29. > :10:34.Heslehurst, with the crew. That's all from me for the time being. He
:10:35. > :10:39.will join me in three hours with the boss of Sunseeker. You can see that
:10:40. > :10:41.live in about three hours. I will see you soon.