07/10/2016 World Business Report

much worse -- walls. For the advanced economy where much of this

backlash is coming from, do you agree some people have been left

behind and not enough has been done to help those people, retrain and

reskill? I hear them, in my life is not better than my parents, and my

children's life doesn't look like it will be better than mine. There is a

real concern. The answer is to have more robust social protection

programmes so you have a safety net, then you have to get serious about

getting the skills you need of of the future. 2013, the United Nations

said some witty ambitious poverty targets. Eradicating extreme poverty

by 2013. -- 2030. A lot of that relies on global growth and lifting

people out of poverty. If this popular backlash against free trade

continues, you think those targets could be at risk? There will be much

harder to achieve, no question. We can build all the infrastructure we

want and increase trade among the emerging market countries, but at

the end of the day, if global trade does not grow at a much more robust

rate, it will be very difficult for us to reach those targets. We will

work at it. We know it is not just interesting in infrastructure and

the other foundational element of global growth. You also have to

invest in people and have better health and education. You need

better social protection programmes. We will do all of that. But if the

developed countries close their borders, it will be very difficult.

And it will be difficult for those countries as well. Use a very

difficult. Do you think there is a chance of missing those targets

closing the Borders? Absolutely, it is possible. Many of us who have

watched this up close, how important trade is for everybody, we have not

done a good enough job of telling that story to people in high income

countries. There you go. The boss of the World Bank. We will have more

throughout the rest of the morning on that.

We are also talking about pollution and climate change -

specifically the damage done by flying.

Late on Thursday, an agreement was signed to limit emissions

Aviation produces about 2% of all CO2 emissions -

that's more than some industrialised nations.

The deal is voluntary to begin with, but becomes compulsory

from 2027 for countries with large airline sectors.

But there are big questions about how effective it will be.

There you go. Talking of going, let's go over to Asia now.

says its third-quarter profits will be better than expected

despite the damaging recall of its flagship Note7

That is not what you want in a smart phone.

Samsung says it probably made profits of $7 billion

Rico Hizon is following the story for us in Singapore.

Good to see you. How are you? Very fine, despite these exploding smart

phones, the company looks like it could make around $7 million? Many

analysts were expecting the worst from this earnings guidance from

Samsung Electronics. You mentioned the recall. They even have pressure

from activist investors to split them sunk into two companies, and

you have a complex bishop succession. But South Korean

conglomerates guidance say it is OK and were expecting West others.

Operating profit will be coming in at 5.6% despite the setback. The

Note7 has been recalled in ten markets around the world. Including

the US, Europe and South Korea. A product which was supposed to be

Samsung's beaky to boost its bottom line has instead disappointed. It's

faulty batteries have resulted in a challenging near to medium term for

the conglomerate, but a strong performance by its chip and display

business is expected to offset some of those losses. So far so good for

them sunk electronics for the third quarter, but expect some

disappointing numbers in the fourth quarter of this year -- %. While I

have you. Can you explain it to viewers around the world about this

called to break Samsung up? Samsung is a huge conglomerate with close to

60 companies, so interest is -- investors want to radically

restructure the firm into two separate holding an operating

companies, and if they are basically split into two, they would be more

efficient. This proposal is getting the thumbs up from international

investors. The stock price is currently at record highs of 1.7

million per share. Thank you. We will speak to you shortly. Twitter

shares have continued to plunge after a report cast doubt over the

hopes of the takeover. Google and Disney will not be in the social

network and Apple is unlikely to stop being either. A software maker

has also been named but is yet to confirm its interest in traditions.

They have fallen by as much as 90% -- Twitter shares. A quick flash of

the market. The pound has been taking a hammering. This is what the

Asian markets have been doing. It has recouped some of those losses.

Don't forget you can get in touch with me and some

And I will be back with James to take a look at papers from around

the world. A historic deal limiting greenhouse

gases from international aviation has been sealed after

years of wrangling. From 2020, any increase in airline

carbon dioxide emissions will be offset by activities

like tree planting - The deal was reached

during a momentous week for climate policy when the Paris agreement

to stabilise climate change passed Aviation has been a rogue element in

climate talks. The emissions ever increasing as passenger numbers grow

and grow. The solution is a compromise. Aviation emissions will

be allowed continued expansion until 2020. Then all future missions

should be in some way offset -- emissions. Schemes like tree

planting qualify as offsetting. Trees absorb the CO2 emitted by

aircraft. Environmentalists say it is a copout. But it is the first

deal on aviation emissions, and it comes in a week when the UN's Paris

deal on keeping climate change stable has gathered enough force to

become law. Scientists applaud the commitments, but say they are simply

not strong enough. Doctors have warned of the dangers

of giving children complementary therapies after a four-year-old

boy ended up in A He had been taking 12 different

holistic supplements - including vitamin D and camel's milk

- from a natural health practitioner Clinicians said it should be

"routine practice" to take details Coming up at 6.00am on Breakfast,

Naga Munchetty and Charlie Stayt will have all the day's news,

business and sport. They'll also have more

on Jeremy Corbyn's reshuffle. The Labour leader has

changed his front bench team - sacking his chief whip

and promoting Diane Abbott. Critics suggest it shows

a failure to unify the party. That's Breakfast -

on this channel - at 6.00. Two days after Haiti's southwestern

peninsula was battered by Hurricane Matthew,

a picture's emerging The Haitian government says

the number of dead has The hurricane's moved over

the Bahamas as it heads Millions of people in four US States

have been responding to evacuation warnings, clogging the interstate

highways as they flee The UN's Syria envoy,

Staffan de Mistura, has made an impassioned plea for an end

to the bombardment of rebel He said if the fighting didn't stop,

the city could be wiped off A leading member of the UK

Independence Party, Steven Woolfe, is recovering in hospital

after a fight with a colleague at the European Parliament

in Strasbourg. The party's interim leader has

condemned the incident.