:00:00. > :00:00.to the country's president in exchange for support on a big
:00:00. > :00:00.Congress in Guatemala has demanded an investigation into the cause
:00:00. > :00:08.of a fire at a government-run children's home, which killed
:00:09. > :00:12.Police said a group of youngsters appeared to have set fire
:00:13. > :00:16.A United Nations report on the civil war in South Sudan has warned
:00:17. > :00:18.that the country is moving closer to genocide.
:00:19. > :00:21.It describes deliberate starvation and bombardment of civilians
:00:22. > :00:22.and hate speech by political leaders.
:00:23. > :00:25.An Australian man who pretended online to be the singer
:00:26. > :00:28.Justin Bieber has been charged with more than 900 child sex
:00:29. > :00:30.offences after persuading fans to send him explicit pictures.
:00:31. > :00:32.That's the news. He's the business. -- Here's.
:00:33. > :00:34.On trial: The Crown Prince of Samsung.
:00:35. > :00:37.At stake, the reputation of Asia's richest family -
:00:38. > :00:39.and one of its most successful companies.
:00:40. > :00:42.Plus: Attracting the high flyers - airlines show their business class
:00:43. > :00:50.Hello and welcome. This is World Business Report. I am Sally Bundock.
:00:51. > :00:55.Also in the programme, producer prices have been rocketing in China.
:00:56. > :00:59.Is that suddenly we should be concerned about? Rico Hizon will
:01:00. > :01:04.make sense of that for you in a moment.
:01:05. > :01:11.But we start in Seoul, where the Trial of the Century is getting
:01:12. > :01:20.started. The head of the biggest company, Samsung, is on trial for
:01:21. > :01:26.bribery. Samsung might be a household name, globally, but his
:01:27. > :01:33.boss is not. So what we know about him? He is the boss of the company,
:01:34. > :01:37.Jay Y Lee, but is known by South Korean media as the "Crown Prince of
:01:38. > :01:40.Samsung". That is because he is the only son of the chairman, Lee
:01:41. > :01:46.Kun-Hee, who was convicted of bribery and tax evasion himself, but
:01:47. > :01:50.was pardoned. So Jay Y Lee has been in charge since his father had a
:01:51. > :01:55.heart attack in 2014. He has been the de facto boss. So the Lee family
:01:56. > :02:01.are phenomenally wealthy. You can see the figure behind me. Forbes
:02:02. > :02:06.Magazine ranking them Asia's richest family last year for the second year
:02:07. > :02:12.in a row. Worth almost $30 billion. It puts Jay Y Lee's personal wealth
:02:13. > :02:17.at $6 billion. Samsung is a very important company in South Korea. It
:02:18. > :02:21.has been key to the country's economic rise from one of the
:02:22. > :02:28.world's poorest after World War Two, to one of the riches. It has group
:02:29. > :02:33.sales of $240 billion and it accounts for around one fifth of all
:02:34. > :02:35.of the country's imports. So what is Jay Y Lee accused of? He was a brief
:02:36. > :03:35.explainer for you. Let's get some analysis from Timothy
:03:36. > :03:39.Marton, from Seoul. He writes for the Wall Street Journal. They give
:03:40. > :03:45.being on the programme. Get a sense of how important is trial is. Judy
:03:46. > :03:50.Maco Verratti is not too much hyperbole calling it the Trial of
:03:51. > :03:58.the Century. You have the most powerful Asian business leader and
:03:59. > :04:04.Park Geun-hye, involved in a trial that has been an issue with South
:04:05. > :04:10.Korea for generations. Bribery, embezzlement, and for the large
:04:11. > :04:17.part, these larger bodies, chaebols, have been able to avoid punishment
:04:18. > :04:24.because they were so critical to the economy. How the judges rule this
:04:25. > :04:28.will have a lot to say about the future direction. I was go to ask
:04:29. > :04:31.you that as my next question. Do you think this could be the perfect
:04:32. > :04:36.storm of an impeached President coming at the same time as this
:04:37. > :04:42.trial, mean there will be finally a shift in the way business is done in
:04:43. > :04:46.South Korea? Some of those shifts were already in motion, but the
:04:47. > :04:52.political situation, combined with the impeached President, does create
:04:53. > :04:57.an environment where we could see substantial changes to the chaebol
:04:58. > :05:04.system. Again, the irony here is that Jay Y Lee himself had been a
:05:05. > :05:09.chaebol Ross Fowler. He told people that he did that think the system
:05:10. > :05:14.should be around, privately. -- chaebol reform. But this is become a
:05:15. > :05:19.legal headache. In the meantime, Tim, the company itself does not
:05:20. > :05:26.seem to be affected by the scenario. The share prices continue to go up,
:05:27. > :05:32.profits continue to go up... Yes. Jay Y Lee is the third generation
:05:33. > :05:37.leader. People have said he has more of a... He is not involved in day to
:05:38. > :05:44.day operations. He is a big pitcher strategist. Look, the country has
:05:45. > :05:50.great business lines, so whether the Topman is in charge or not, those
:05:51. > :05:55.will proceed. The company is in a lot of top industry. -- top man. To
:05:56. > :05:59.Marton, we appreciate your time. Of course, he will be writing about
:06:00. > :06:08.this. We will be talking about this for some time. -- Tim Martin. Let's
:06:09. > :06:13.stay in Asia, where the producer price inflation has been soaring in
:06:14. > :06:19.its fastest rate for almost nine years, since the Beijing Olympics.
:06:20. > :06:24.We go to Rico Hizon. Good to see you, Rico Hizon. This has caused
:06:25. > :06:30.Marcus to fall, quite a bit, hasn't? That is right. We are seeing
:06:31. > :06:34.producer prices rising more than expected. You have the price of
:06:35. > :06:39.steel and other raw materials continuing to gain. This has boosted
:06:40. > :06:43.profits for industrial companies. But if you take a look at the
:06:44. > :06:52.consumer price inflation, Sally. It could more than expected since
:06:53. > :06:56.January 2000 15. PPI and the CPI are going in separate directions, and
:06:57. > :07:00.this is also leading some analysts quite puzzled about the strength of
:07:01. > :07:07.the broader economy. The producer Price index jumping by 7.8% in
:07:08. > :07:12.February from just 6.9% in January. So economists are saying that the
:07:13. > :07:19.soaring darker was largely driven by a proactive fiscal policies. --
:07:20. > :07:22.dater. They refer to a sharp increase in government
:07:23. > :07:28.infrastructure and a railing into poverty 's markets. Once established
:07:29. > :07:33.as higher, the PPI and higher consumer prices, we could see a rise
:07:34. > :07:46.in interest rates in China, which could in fact on growth and impact
:07:47. > :07:48.growth in the region as well. She is back Thank you for joining us.
:07:49. > :07:50.We're also at the ITB travel show in Berlin,
:07:51. > :07:53.where the world's premium airlines are competing for the attention
:07:54. > :07:55.of the business traveller, with the very latest
:07:56. > :07:58.You can see that bind me here. -- behind.
:07:59. > :08:00.Corporate passengers are lucrative for the airlines -
:08:01. > :08:02.but growth is sluggish, with more people travelling
:08:03. > :08:05.for pleasure than for business, and less need for face-to-face
:08:06. > :08:07.meetings thanks to internet conferencing.
:08:08. > :08:21.A tug on the heartstrings for lovers of luxury travel at this year 's ITB
:08:22. > :08:25.tourism show in Berlin. As a Middle Eastern airline unveils a new
:08:26. > :08:32.business class aeroplane seat. It is part of an industry push to bring
:08:33. > :08:38.home comforts to the skies. What you noticed immediately is very slick
:08:39. > :08:42.technology and slick engineering. -- notice. This seated area is pretty
:08:43. > :08:46.flexible, and should you wish to, you can share food with your
:08:47. > :08:49.friends, who are just sitting on the other side, all members of the
:08:50. > :08:56.family, of course. And at the touch of a button, deceit goes completely
:08:57. > :09:01.flat and turns into a bed. The idea behind that is to create more living
:09:02. > :09:06.space around the business class, creating absolute privacy, and
:09:07. > :09:10.creating a corporate jet atmosphere, if you are travelling with your
:09:11. > :09:15.passenger. In these times where there is a focus on cost, our
:09:16. > :09:21.business is happy to pay that is? As a matter of fact, you are just
:09:22. > :09:28.plenty business class fare. Corporate travel is big business.
:09:29. > :09:33.German firms spend 50 billion euros a year sending their employees
:09:34. > :09:37.around the world. Of course, as a worker, you want all of the add-ons
:09:38. > :09:41.you can possibly get, but it might be that your company takes the view
:09:42. > :09:46.that as long as you have a seat back and go flat, and a television, you
:09:47. > :09:52.will get a good enough nights sleep to work the next day. It is a
:09:53. > :09:56.culmination of the needs of the traveller who likes to travel and
:09:57. > :09:59.business class, of course, but when it comes to price and paying for
:10:00. > :10:03.those travels, the corporation is the one who dictates that. So we
:10:04. > :10:09.need to find a balance between luxury and say travel and the cost
:10:10. > :10:14.of travel. Travelling for business is all very well, but what people
:10:15. > :10:18.really want is as much luxury as they can possibly afford when they
:10:19. > :10:23.are travelling for leisure. I know when it comes to me, but I want all
:10:24. > :10:27.of the features imaginable, plus, of course, when I am in the air,
:10:28. > :10:30.complete privacy. Tanya Beckett, BBC News, Berlin.
:10:31. > :10:37.Do you get the impression she is a little high maintenance? We love
:10:38. > :10:42.her. She was the perfect person to send. These were the markets. Japan
:10:43. > :10:46.were strong upright that inflation figure that came out of China that
:10:47. > :10:57.Ricoh has already told you about. That is why Hong Kong is having such
:10:58. > :11:00.a tough day. -- Rico. I will season. -- I will see you soon.