:00:00. > :00:11.sorry about the problem with the pictures. So to have personal
:00:12. > :00:15.problems, it is always many. Of -- Sally never seems to have those
:00:16. > :00:19.problems, it is always me. The business world's big bosses
:00:20. > :00:23.signal it's time for takeovers with a near record level looking
:00:24. > :00:27.for businesses they can snap up. Desperately trying to engineer
:00:28. > :00:31.a future with more engineers in it. A report out today says
:00:32. > :00:34.the profession could become extinct in the UK unless something
:00:35. > :00:44.radical is done. Also in the programme we'll be
:00:45. > :00:51.bringing you the latest on 18 arrests in China linked
:00:52. > :00:56.to an Australian gambling giant. But first, more than half of senior
:00:57. > :00:59.bosses in the world's biggest firms are actively looking for takeover
:01:00. > :01:03.targets in the coming months. That's the conclusion of the latest
:01:04. > :01:08.survey by the professional services Despite growing concerns driven
:01:09. > :01:12.by nationalist and anti-trade rhetoric, EY says a near record
:01:13. > :01:15.number of companies are looking to grow through merging
:01:16. > :01:19.with or by taking over their rivals. EY says a near record
:01:20. > :01:25.number of companies, Sharanjit Leyl joins
:01:26. > :01:36.us now from Singapore. Interesting findings. Tell us more.
:01:37. > :01:43.Very interesting indeed. As you set a record number of companies, some
:01:44. > :01:48.57% are looking to merge and grow by taking over their rivals.
:01:49. > :01:52.Interestingly, bosses say they expect almost half of the group to
:01:53. > :01:57.be inorganic which means that companies want to generate growth by
:01:58. > :01:59.purchasing other companies rather than expanding their business.
:02:00. > :02:06.Reporters have found almost one thought of those one third of those
:02:07. > :02:10.asked thought it was due to political instability with one
:02:11. > :02:17.executive citing the rise of populist parties as a growing
:02:18. > :02:23.concern. The UK dropped out of the best location for business for the
:02:24. > :02:26.first time in five years as fears about Brexit added to complexity
:02:27. > :02:32.about international deals. British businesses ranked behind investments
:02:33. > :02:39.in the US China Canada Germany and France. They make up the top
:02:40. > :02:44.destinations. The wires saying in their latest report that this is
:02:45. > :02:49.based on a survey of over 1700 executives in 45 countries. They did
:02:50. > :02:55.the survey in August and September and over 90% of executives say they
:02:56. > :03:01.expect the market to remain stable over the next year. They were also
:03:02. > :03:05.concerned about China because they were saying that they are waiting to
:03:06. > :03:09.see what attempts there are as China attempts to rebalance its economy,
:03:10. > :03:15.they want to see how that pans out before they go into that market.
:03:16. > :03:22.Thank you very much. Quite interesting and another emerging
:03:23. > :03:26.story is the fact that shares in Crown resorts in Australia has
:03:27. > :03:31.fallen by over 12%, 13% actually after it reported that 18
:03:32. > :03:34.of its staff including a senior executive have been detained
:03:35. > :03:38.According to reports the arrests are possibly linked to a move
:03:39. > :03:41.by China to go after foreign casinos that attempt attract Chinese
:03:42. > :03:43.citizens overseas to gamble, which is against the law
:03:44. > :03:53.let's look at the market right now. The All Ordinaries, the main market
:03:54. > :03:59.in Australia, you can see it is down slightly. Crown are down
:04:00. > :04:03.significantly some 15% but also across the board in Asia other
:04:04. > :04:10.gambling stocks have been really hit by this leading gaming stocks they
:04:11. > :04:15.are all lower amid concerns of a fresh Chinese crackdown. Markets in
:04:16. > :04:17.general have been mixes well with the Federal reserve the focus for
:04:18. > :04:19.many markets as well. Engineering is facing
:04:20. > :04:21.extinction in the UK, according to a report published
:04:22. > :04:24.today by the Royal Academy of They says that the country's
:04:25. > :04:27.engineering sector relies heavily on foreign talent and within the UK,
:04:28. > :04:31.there simply aren't enough qualified and experienced individuals
:04:32. > :04:32.to meet demand. Engineering-related sectors
:04:33. > :04:36.contribute ?280 billion pounds - that's $343 billion dollars -
:04:37. > :04:40.to Britain's economy. These sorts of businesses employ
:04:41. > :04:45.five point five million people around the country and account
:04:46. > :04:51.for half of all exports. Last year the Royal Academy
:04:52. > :04:53.of Engineering warned the sector needed at least a million
:04:54. > :04:57.people by 2020 to keep And the problem is endemic
:04:58. > :05:03.right across Europe. In Germany - the biggest EU economy
:05:04. > :05:07.- about 10,000 more engineers It's shortfall that's set to triple
:05:08. > :05:11.in the next decade. So, how can Britain compete
:05:12. > :05:15.and remain an attractive place to work as it negotiates its exit
:05:16. > :05:31.from the European Union? I am joined by the deputy chief
:05:32. > :05:34.executive of the Royal Academy of engineering which produced this
:05:35. > :05:40.report. Thank you for coming in. This sounds like a crisis. Yes.
:05:41. > :05:45.There is a skills crisis for certain and what this report fixes on is
:05:46. > :05:48.that the decision to leave the EU, while the present opportunities will
:05:49. > :05:52.present a challenge to us in terms of being able to continue to meet
:05:53. > :05:57.our skills needs. This report represents the collective voice of
:05:58. > :06:00.35 professional engineering organisations, the ones that
:06:01. > :06:03.represent UK engineering, and it is an unprecedented collaboration we
:06:04. > :06:08.have come together because we believe it is important at this time
:06:09. > :06:11.that the government has access to expertise and engineering plays an
:06:12. > :06:16.important part in supporting our economy so we have come together to
:06:17. > :06:20.make sure we can support that correctly. I must admit that when I
:06:21. > :06:24.read the information surrounding the report I thought I had heard this
:06:25. > :06:29.before. We are not attracting children who are at school who then
:06:30. > :06:33.go on to university to become new engineers. We are just not
:06:34. > :06:39.channelling young people into that profession for some reason. Why is
:06:40. > :06:43.that? We hope that the imperative provided by the decision to leave
:06:44. > :06:46.the EU in the impact it could have on skills, combined with the
:06:47. > :06:49.development of the new industrial strategy will provide us with an
:06:50. > :06:55.opportunity to take decisive action to tackle what is, as you point out,
:06:56. > :06:59.a problem. Up to now we have not had decisive action. We have been
:07:00. > :07:03.building towards that the now we have momentum behind us. The way in
:07:04. > :07:06.which we are playing our part in ensuring that happened to screw the
:07:07. > :07:10.engineering talent programme urges end to industry led project across
:07:11. > :07:14.the profession to try and bring about the change in the
:07:15. > :07:17.attractiveness of engineering, looking at perceptions in the wider
:07:18. > :07:22.public because we now you don't influence the influences even if you
:07:23. > :07:29.attract young people into stem careers they may not go on to choose
:07:30. > :07:32.the right subjects and they will not choose those careers in the
:07:33. > :07:38.long-term. So it is a cultural issue? Yes. We recently commissioned
:07:39. > :07:43.a report that compared engineering at across the world and it showed
:07:44. > :07:46.that the UK was significantly behind in terms of thing for gender
:07:47. > :07:50.diversity. We could talk for hours about this but we do not have the
:07:51. > :07:56.time. Think is so much for coming in. There is more on that online.
:07:57. > :08:04.But now we have to talk about digging and I do not mean the
:08:05. > :08:08.playing and the band. I am talking about the gigging economy. The
:08:09. > :08:14.growth of companies like uber and Airbnb have led to an explosion of
:08:15. > :08:21.people making a living through gigs. Up to 162 million people earn income
:08:22. > :08:27.for independent work and so-called gigs. They actively choose, 30% of
:08:28. > :08:31.them, actively choose independent workers arrive or income from it.
:08:32. > :08:37.The other 70% are casual owners, people who would prefer traditional
:08:38. > :08:45.jobs. And while many people lack of flexibility, gigging workers get
:08:46. > :08:49.none of the other benefits such as career progression sick pay or
:08:50. > :08:53.benefits. All this week we will hear the personal stories of workers and
:08:54. > :08:59.entrepreneurs who are driving this sector of the global economy. We
:09:00. > :09:10.start today in India with Sajid who gigs for a living to help busy
:09:11. > :09:16.people in Mumbai. In a city like Mumbai time is more precious than
:09:17. > :09:26.money. What I like most about my job is how we save people time. My name
:09:27. > :09:36.is so cute, I am 25 years old and I work for rush. Russsh runs errands
:09:37. > :09:39.for people. If somebody forget something at home or needs a
:09:40. > :09:44.document delivered or cheque deposited in the bank, we get it
:09:45. > :09:50.done. For example today I am going to deliver food to a customer for
:09:51. > :09:59.one of her clients. Basically I am helping her run her business. When
:10:00. > :10:08.we are out on deliveries of the traffic is a problem. It can make us
:10:09. > :10:14.late. My family and friends do not think this job is that secure. They
:10:15. > :10:23.do not like it because they do not understand this industry. I think my
:10:24. > :10:32.future is promising because growth depends on performance and
:10:33. > :10:37.efficiency. Today I am at team player but wonder how could be
:10:38. > :10:46.accepted as a team. There is a lot of competition with good performance
:10:47. > :10:52.people like me can go. That is the World Business Report. See you soon.