13/03/2017 World Business Report


13/03/2017

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The Dutch prepare to make their choice in a critical general

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election - with the economy up and crime down why

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Grab your mountain bike or your climbing shoes,

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as we take you to one of the fastest growing trends in tourism.

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Welcome to World Business Report. I'm Sally Bundock.

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Also in the programme change at the top of Europe's biggest bank

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- HSBC - we'll tell you all you need to know.

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We will be talking about the elections in the Netherlands as

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Can a form of well.

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Can a form of travel in which experience matters more than

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destination keep tourism companies are float? We have been to the

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Berlin tourism so. To have much fun as possible on a tight budget - the

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adventure tourism business is worth $300 million a year and it is

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growing fast. The age has started to come down a little bit so maybe it

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is more in the mid to late 40s but we are also seeing a significant

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growth in multigenerational travel and that means being grandparents

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who might be in the 60s and 70s who are still active taking their kids

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and their kids kids doing all sort of adventure travels. The daughter

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might go sea kayaking and so forth. There are no longer barriers about

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where you can go. It is not just reaches any more. If you prefer your

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holidays to take place on firm land, you may not see an appeal but they

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are becoming more and more popular and the problem for tourism

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companies is you can just as easily do this in Berlin. People and

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families will do hiking in the mountains but also around Berlin,

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beautiful forests and lakes. We have an expedition people but it is more

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outdoor and families stop young people will do the rock climbing is

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in Berlin. Whether customers venture far all near, companies now think

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there will never be a substitute for the real thing. What do you think

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about that idea? Send me your thoughts. We can chat about that on

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Twitter. Let's discuss HSBC, Mark Tucker has been appointed as its

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group chairman. Shares are on the move in Hong Kong. He is due to take

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over on the first of October, succeeding the man in role since

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2010. Mr Tucker has spent many years overseeing the expansion in Asia and

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one of the first important jobs is to find a replacement for Stuart

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Gulliver who plans to step down next year. HSBC is Europe's biggest bank

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but the bulk of its profits are generated here in Asia and the bank

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has been through an overall two diverse and declining profits and

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put it behind a series of scandals. More than 40,000 jobs have gone and

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we have seen profits tumbling more than 60% last year. It has moved

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into more risky areas of banking. This year it reached a settlement

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with the US government related to dubious mortgage lending and

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foreclosure during the financial crisis. In 2015 they were

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unacceptable practices which helped clients avoid tax. At $1.9 billion

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in a settlement over money laundering. Investors are however

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like the news of Mr Tucker's appointment. She is going higher. --

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shares. Looking at the top story. Decision day is getting closer for

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the Dutch. Tonight they get a decisive last look at the cannabis

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before making a decision on Wednesday. The leading candidate in

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a final television debate. It is the first of three big elections in

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Europe casting uncertainty over the continent. The next one to follow is

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France and then Germany in autumn. Financial markets are following them

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very closely. The incumbent, Mark Rutte, faces a challenge from Geert

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Wilders but there is great fracture and it gives uncertainty to the

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outcome. For the Dutch, they are one of the wealthiest nations in the

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world. Economic growth forecast to be steady at 2% with wages and

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growing which is again unusual. Unemployment is falling. Foreign

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ownership has become a hot topic with the Labour Party, part of the

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current coalition, proposing the government should be able to block

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takeovers not in the national interest. Am joined by the senior

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analyst at control to give us his reaction. What is your take on what

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the key issues are for voters and how cannabis have been playing that?

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The number one issue is clearly immigration and integration

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particularly of Muslims. Geert Wilders Has sought to make that the

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only issue. It is almost like the right to elections. One in which the

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world is looking at and looking at Geert Wilders. The other were

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education, job and economy is still the key for the Dutch. We touched

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the top of the iceberg in the introduction but the economy sounds

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fairly healthy, wages going up, incomes high. Voters would like to

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see more acceleration in wages after a fairly prolonged period but they

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are doing better than most other European economies will not it is a

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matter of cementing... We are still almost in the recoveries since the

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global financial crisis in terms of macro economic data in Europe so

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they would like that consolidated, greater job security, you mentioned

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the campaign to limit the rights of takeovers as well. What will happen

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on Wednesday... I know I am asking you a difficult question LAUGHTER

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most likely the party of the incumbent Prime Minister Mark Rutte

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will be beckoned at with the party of Geert Wilders but neither will

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get more than the required majority percentage so it will be a long and

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arduous the -- negotiation process. It will be a broad coalition with

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and possibly the Greens involved. What about the risk for the eurozone

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and the EU? The idea that Brexit and Trump equals Geert Wilders is

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far-fetched. I think it will remain European. The Labour Party is

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struggling a bit but they may hang on. Essentially it is a business as

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usual. Thank you for your time this morning and we will keep you across

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every twist and turn. Market very quickly... A big week for financial

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markets because we have the elections on Wednesday and the US

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Federal Reserve will make its decision on borrowing and most

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believe Janet Yellen will decide to raise the cost of lending in the US

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for the second time. That is a massive event. The UK and Japanese

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central banks meeting also. Stay with us we have the news review very

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soon. Police are launching

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an unprecedented appeal at the Supreme Court

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against a ruling that it failed

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