06/10/2016 World Business Report

Now for the latest financial news with Sally and World Business

Booming growth and a third of the world's poorest people.

India looks for the way forward at the World Economic Forum.

Plus, life after steel in Britain's north-east.

The latest on Unfair Trade, our special series

on globalisation's winners and losers.

Also in the programme: Samsung makes a big purchase to move

into the world of Artificial Intelligence.

We start in India where business and political leaders are gathering

for a special summit of the World Economic Forum.

India is among the world's fastest growing economies and its rising

prosperity has helped reduce global poverty levels.

The World Bank defines extreme poverty as living on less

According to its latest figures out this week,

760 million people were living in extreme poverty in 2013,

100 million less than the previous year.

It's part of a longer term trend, the number of people in extreme

poverty has fallen by one point one billion since 1990,

despite growth in the world's population.

That's really down to strong income growth in Asia,

You won't be surprised to hear that around half of the world's poorest

But 224 million of the poorest people, or one in three,

That makes it by far the country with the most poor people.

The World Bank says overall, income inequality has been declining

But in a third of countries, India included, there is actually

Shilpa Kannan is at the World Economic Forum summit in Delhi.

I understand one of the areas of the Indian government is pushing for is

international companies in India to do business and increase employment.

That is something that will be discussed. Absolutely. The big

challenge is to find ways of lifting these millions of people out of the

poverty line and get them back into the workforce. Every year India

faces a challenge of millions of people coming into the workforce,

not finding the right employment which pays them enough to sustain

their families. Manufacturing will be a big focus. It won't just be

Indian companies are but a lot of foreign companies. To discuss that

further I have a spokesperson from Nissan. You use this as an exporter

based? Yes, we have invested $1 billion US so far, starting in 2010.

We have a big manufacturing setup that employs 10,000 people and

produces 350,000 cars per year. We have over and above that research

and development facility with 6000 people. While the Indian government

has been pushing for foreign players to invest and create jobs, have you

found it easier to do business here? Yes, once you have a project then

after you go to the states and discuss your project, then after

things can go easy read. It is quite easy to invest in India and then

after the ease of doing business is complicated, the tax system is

extremely complex but the government and state governments assisting you

to make sure that your investment is worth it. So far I will say it is

difficult but we can make it through without any issues. Like you heard,

the advantage India has is a strong domestic market, growth has been

strong, so the challenge for India remains to use this as a major

inflection point to create jobs and lift those millions out of poverty.

Thanks a lot. Good to see you. Very interesting, from the World Economic

Forum in Delhi right now and we will hear more from her and the rest of

the delegates here on BBC World News.

All this week, the BBC is looking at global trade and its impact

In today's report the BBC's Steph McGovern has been back

to her hometown Middlesbrough in the north-east of the UK to find

out how it has been changed by globalisation.

300 years ago the famous explorer captain cook was born in

Middlesbrough. His achievements in mapping the globe radically changed

our view of world geography, an important foundation for

globalisation. This monument was put up in memory of Captain Cook and

this is a hill I have climbed many years, look at the spectacular views

of the region I grew up in. Over here is my hometown, it is a town

like lots of areas over the UK that I have really seen change because of

global trade. For a long time it was the heavy industries like steel

which dominated towns like this one. And we did well from our ability to

sell the things we manufactured here all over the world. At its peak

40,000 people were employed in the steel sector here on Teesside but it

has struggled as countries like China have been able to make steel

more cheaply. This site was mothballed after decades in action

and thousands of jobs were lost. It is not all about metal, though.

There are other industries that are thriving. This is a petrochemicals

business supporting over 1000 jobs here. We know that in order to be a

leader and be successful on the global market we have to have

regional and local presence. And that is exactly why we are hearing

Teesside, because we have access to good raw materials, we have the

factories, the people and the logistics to be competitive in the

global market. It is easy getting Middlesbrough is a place all about

heavy industry but in the shadows of the old industrial landscape is a

growing digital sector that is making its mark a global player. If

you want to pop that on, close your eyes, slowly open your eyes. This

company uses virtual reality technology to help businesses solve

real-life problems. We have strived for the last three and a half years

to become an international company. We have made business in Japan and

Singapore and we have secured business contract in those

territories. So why Middlesbrough? You could be anywhere. It is a good

place for international trade and there is a juxtaposition between the

heavy industry of yesteryear and about 15 years of investment in the

digital and creative sectors, so we have the IT industry to support

these larger scale companies. The good and the bad of globalisation is

really apparent here and it is that my hometown has suffered from rough

times but it is resilient and last year the enterprise research centre

named it amongst the most entrepreneurial areas in the

country. Not like lots of places around the UK it is having to work

hard to make sure we benefit from our ability to do business all over

the world. If you use an iPhone

you will know who Siri is. Well, this morning Apple's rival

Samsung has announced it is buying Rico Hizon is following the story

for us in Singapore. It is nice to see you. What's going

on with Samsung? Hello, Sally, I am your digital assistant, Rico, I hope

I can help you. Rico, please! Don't do that to me. I know you are real.

What is going on? It is a major artificial intelligence deal. We

have Samsung Electronics stepping up its AI strategy by taking over Viv

and the man behind Viv is Doug Kidd lost, the brains behind Siri, the

digital system taken by Apple in 2010. He left in 2012 and began

working on Viv so this is a major acquisition. Samsung will integrate

the AI platform of Viv Labs into the range of Galaxy smart phones. Their

image has been battered by the global recall of the Note 7. And

apart from its smartphone, Sally, smartphone will use Viv in TVs and a

wide range of other devices and this acquisition comes just days after

Google launched its new pickle -- pixel phone which also uses a

digital analysis. The days of you and I are numbered and you have

demonstrated to the viewer what we have replaced. (ROBOT VOICE) it is a

pleasure working with you, Sally. Take care.

In other news: Shares of Twitter slumped almost 10% late on Wednesday

on a report that Google is not going ahead with a takeover bid.

The report on tech news website Recode also claims Apple is unlikely

to be a buyer for the struggling social media firm.

Twitter has told potential buyers it wants to wrap up sale negotiations

by the time it reports third quarter earnings on October 27th -

according to Reuters - which reports that Salesforce.com

and Walt Disney are also in the running.

That is a story that has legs, isn't it. We will keep you up-to-date.

Looking at the markets, the yen getting weaker, which is good for

Tokyo, Honda and Toyota benefiting from a much weaker (BELL) make yen.

And the close in the United States. Oh, it has disappeared. -- a much

weaker yen. The SNP 500 is up half a percent. You see, this is what

technology does to you, which is why you need real people like me and

Rico. That is all from World Business Report for now, I will see

you soon when we look through the papers in a few minutes.

There's a call for longer prison sentences for those who carry knives

and for those who use them to threaten people.

The Sentencing Council says judges need to do more to reflect

widespread concern among the public about the problem.