Browse content similar to 13/03/2017. Check below for episodes and series from the same categories and more!
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The Dutch prepare to make their choice in a critical general | :00:00. | :00:19. | |
election - with the economy up and crime down why | :00:20. | :00:22. | |
Grab your mountain bike or your climbing shoes, | :00:23. | :00:31. | |
as we take you to one of the fastest growing trends in tourism. | :00:32. | :00:34. | |
Welcome to World Business Report. I'm Sally Bundock. | :00:35. | :00:47. | |
Also in the programme change at the top of Europe's biggest bank | :00:48. | :00:50. | |
- HSBC - we'll tell you all you need to know. | :00:51. | :01:02. | |
We will be talking about the elections in the Netherlands as | :01:03. | :01:05. | |
Can a form of well. | :01:06. | :01:26. | |
Can a form of travel in which experience matters more than | :01:27. | :01:32. | |
destination keep tourism companies are float? We have been to the | :01:33. | :01:43. | |
Berlin tourism so. To have much fun as possible on a tight budget - the | :01:44. | :01:50. | |
adventure tourism business is worth $300 million a year and it is | :01:51. | :01:55. | |
growing fast. The age has started to come down a little bit so maybe it | :01:56. | :02:00. | |
is more in the mid to late 40s but we are also seeing a significant | :02:01. | :02:04. | |
growth in multigenerational travel and that means being grandparents | :02:05. | :02:10. | |
who might be in the 60s and 70s who are still active taking their kids | :02:11. | :02:17. | |
and their kids kids doing all sort of adventure travels. The daughter | :02:18. | :02:23. | |
might go sea kayaking and so forth. There are no longer barriers about | :02:24. | :02:29. | |
where you can go. It is not just reaches any more. If you prefer your | :02:30. | :02:35. | |
holidays to take place on firm land, you may not see an appeal but they | :02:36. | :02:41. | |
are becoming more and more popular and the problem for tourism | :02:42. | :02:46. | |
companies is you can just as easily do this in Berlin. People and | :02:47. | :02:54. | |
families will do hiking in the mountains but also around Berlin, | :02:55. | :03:03. | |
beautiful forests and lakes. We have an expedition people but it is more | :03:04. | :03:08. | |
outdoor and families stop young people will do the rock climbing is | :03:09. | :03:16. | |
in Berlin. Whether customers venture far all near, companies now think | :03:17. | :03:22. | |
there will never be a substitute for the real thing. What do you think | :03:23. | :03:32. | |
about that idea? Send me your thoughts. We can chat about that on | :03:33. | :03:40. | |
Twitter. Let's discuss HSBC, Mark Tucker has been appointed as its | :03:41. | :03:48. | |
group chairman. Shares are on the move in Hong Kong. He is due to take | :03:49. | :04:00. | |
over on the first of October, succeeding the man in role since | :04:01. | :04:10. | |
2010. Mr Tucker has spent many years overseeing the expansion in Asia and | :04:11. | :04:15. | |
one of the first important jobs is to find a replacement for Stuart | :04:16. | :04:20. | |
Gulliver who plans to step down next year. HSBC is Europe's biggest bank | :04:21. | :04:28. | |
but the bulk of its profits are generated here in Asia and the bank | :04:29. | :04:31. | |
has been through an overall two diverse and declining profits and | :04:32. | :04:37. | |
put it behind a series of scandals. More than 40,000 jobs have gone and | :04:38. | :04:46. | |
we have seen profits tumbling more than 60% last year. It has moved | :04:47. | :04:55. | |
into more risky areas of banking. This year it reached a settlement | :04:56. | :04:59. | |
with the US government related to dubious mortgage lending and | :05:00. | :05:04. | |
foreclosure during the financial crisis. In 2015 they were | :05:05. | :05:11. | |
unacceptable practices which helped clients avoid tax. At $1.9 billion | :05:12. | :05:19. | |
in a settlement over money laundering. Investors are however | :05:20. | :05:23. | |
like the news of Mr Tucker's appointment. She is going higher. -- | :05:24. | :05:34. | |
shares. Looking at the top story. Decision day is getting closer for | :05:35. | :05:41. | |
the Dutch. Tonight they get a decisive last look at the cannabis | :05:42. | :05:44. | |
before making a decision on Wednesday. The leading candidate in | :05:45. | :05:50. | |
a final television debate. It is the first of three big elections in | :05:51. | :05:53. | |
Europe casting uncertainty over the continent. The next one to follow is | :05:54. | :06:01. | |
France and then Germany in autumn. Financial markets are following them | :06:02. | :06:12. | |
very closely. The incumbent, Mark Rutte, faces a challenge from Geert | :06:13. | :06:18. | |
Wilders but there is great fracture and it gives uncertainty to the | :06:19. | :06:26. | |
outcome. For the Dutch, they are one of the wealthiest nations in the | :06:27. | :06:36. | |
world. Economic growth forecast to be steady at 2% with wages and | :06:37. | :06:41. | |
growing which is again unusual. Unemployment is falling. Foreign | :06:42. | :06:47. | |
ownership has become a hot topic with the Labour Party, part of the | :06:48. | :06:52. | |
current coalition, proposing the government should be able to block | :06:53. | :06:56. | |
takeovers not in the national interest. Am joined by the senior | :06:57. | :07:03. | |
analyst at control to give us his reaction. What is your take on what | :07:04. | :07:13. | |
the key issues are for voters and how cannabis have been playing that? | :07:14. | :07:18. | |
The number one issue is clearly immigration and integration | :07:19. | :07:27. | |
particularly of Muslims. Geert Wilders Has sought to make that the | :07:28. | :07:35. | |
only issue. It is almost like the right to elections. One in which the | :07:36. | :07:42. | |
world is looking at and looking at Geert Wilders. The other were | :07:43. | :07:49. | |
education, job and economy is still the key for the Dutch. We touched | :07:50. | :07:57. | |
the top of the iceberg in the introduction but the economy sounds | :07:58. | :08:02. | |
fairly healthy, wages going up, incomes high. Voters would like to | :08:03. | :08:14. | |
see more acceleration in wages after a fairly prolonged period but they | :08:15. | :08:19. | |
are doing better than most other European economies will not it is a | :08:20. | :08:26. | |
matter of cementing... We are still almost in the recoveries since the | :08:27. | :08:32. | |
global financial crisis in terms of macro economic data in Europe so | :08:33. | :08:36. | |
they would like that consolidated, greater job security, you mentioned | :08:37. | :08:44. | |
the campaign to limit the rights of takeovers as well. What will happen | :08:45. | :08:52. | |
on Wednesday... I know I am asking you a difficult question LAUGHTER | :08:53. | :08:59. | |
most likely the party of the incumbent Prime Minister Mark Rutte | :09:00. | :09:05. | |
will be beckoned at with the party of Geert Wilders but neither will | :09:06. | :09:14. | |
get more than the required majority percentage so it will be a long and | :09:15. | :09:23. | |
arduous the -- negotiation process. It will be a broad coalition with | :09:24. | :09:30. | |
and possibly the Greens involved. What about the risk for the eurozone | :09:31. | :09:40. | |
and the EU? The idea that Brexit and Trump equals Geert Wilders is | :09:41. | :09:51. | |
far-fetched. I think it will remain European. The Labour Party is | :09:52. | :09:57. | |
struggling a bit but they may hang on. Essentially it is a business as | :09:58. | :10:04. | |
usual. Thank you for your time this morning and we will keep you across | :10:05. | :10:08. | |
every twist and turn. Market very quickly... A big week for financial | :10:09. | :10:16. | |
markets because we have the elections on Wednesday and the US | :10:17. | :10:22. | |
Federal Reserve will make its decision on borrowing and most | :10:23. | :10:26. | |
believe Janet Yellen will decide to raise the cost of lending in the US | :10:27. | :10:31. | |
for the second time. That is a massive event. The UK and Japanese | :10:32. | :10:38. | |
central banks meeting also. Stay with us we have the news review very | :10:39. | :10:40. | |
soon. Police are launching | :10:41. | :10:49. | |
an unprecedented appeal at the Supreme Court | :10:50. | :10:51. | |
against a ruling that it failed | :10:52. | :10:54. |