:00:16. > :00:17.What do Angela Merkel, Christine Lagarde and Ivanka Trump
:00:18. > :00:31.They have gathering to close the gender gap.
:00:32. > :00:34.Yep, some of the world's most powerful women take
:00:35. > :00:38.But they have got a big task, because according to some,
:00:39. > :00:40.closing the gap between sexes could take 170 years.
:00:41. > :00:44.And how to get from A to B in a whirlwind, and avoid those
:00:45. > :00:49.We are taking a look at the big business of choppers.
:00:50. > :01:09.Some of the world's most powerful people from business and politics
:01:10. > :01:15.It is part of an initiative called W20, set up by 20
:01:16. > :01:23.So who is going, and what is it all about?
:01:24. > :01:25.Attending the summit will be Christine Lagarde,
:01:26. > :01:28.the head of the IMF, Angela Merkel, the Chancellor of Germany,
:01:29. > :01:30.and Ivanka Trump, daughter and special assistant
:01:31. > :01:32.to the President of the United States.
:01:33. > :01:35.The group wants to highlight the issue of women's economic
:01:36. > :01:37.participation and empowerment, while reducing the gender employment
:01:38. > :01:40.gap by 25% by 2025, and the World Economic Forum says
:01:41. > :01:42.that economic inequalities between the sexes could take 170
:01:43. > :02:08.The gap in economic opportunity between men and women,
:02:09. > :02:21.according to WEF, is now larger than at any point since 2008.
:02:22. > :02:29.Ann Francke is the CEO of Chartered Management Institute.
:02:30. > :02:36.Great to have you in the studio, especially at this horrible time!
:02:37. > :02:41.Can I pick up on this last point? Why is the gap higher than at any
:02:42. > :02:47.point since 2008? Did the financial crisis have any impact? Well, yes,
:02:48. > :02:51.that did have an impact, but also women have been stuck. They are not
:02:52. > :02:55.progressing to senior roles and obviously senior salaries are
:02:56. > :02:59.getting bigger. And as there are fewer women into senior roles, that
:03:00. > :03:06.gap is getting bigger. At the top that gap can be up to 35%. In pay,
:03:07. > :03:11.in terms of the difference? In pay, yes. I have been with the BBC for 15
:03:12. > :03:17.years and we have been relentlessly talking about story, a lack of women
:03:18. > :03:21.on boards, as CEOs, they have talked about quota systems, for example in
:03:22. > :03:27.Europe. It just doesn't seem to improve. It is a really stubborn
:03:28. > :03:33.problem, and there are a lot of causes. So I think one of the things
:03:34. > :03:37.that the W 20 is trying to do is break down the causes and get
:03:38. > :03:41.governments to act. When people set targets, when governments and
:03:42. > :03:44.industry work together and set targets, and relentlessly monitor
:03:45. > :03:52.them, you can get progress. In Britain we had a doubling of the
:03:53. > :03:56.number of women on boards from 12 to 25%. But if you don't constantly
:03:57. > :04:01.shine the light and track and treated as a business issue as well,
:04:02. > :04:05.then you get stuck. That is what has happened in most of the country. I
:04:06. > :04:10.wonder if women in power are doing enough? By imposing that is a
:04:11. > :04:13.question. Angela Merkel has been around for a long time, Christine
:04:14. > :04:16.Lagarde has been around for a long time, and now it is interesting,
:04:17. > :04:20.they have Ivanka Trump. I am wondering if those names I have just
:04:21. > :04:23.mentioned, who have been around for awhile have not done enough for the
:04:24. > :04:28.cause, if somebody like Ivanka Trump could reignite, or invigorate
:04:29. > :04:32.perhaps is the better word? Well, she is in a difficult position,
:04:33. > :04:37.isn't she? Although she is very genuine in her advocacy for women,
:04:38. > :04:40.and women in business, her father, the President, is at the same time
:04:41. > :04:49.doing policies which take women back, such as the funding Planned
:04:50. > :04:53.Parenthood, and if you look at his Cabinet, it is the most white and
:04:54. > :04:57.Mail in a generation. She is I am sure very sincere in her efforts.
:04:58. > :05:02.There is a lack of consistency perhaps in US policy, and in the US
:05:03. > :05:06.women have gone backwards as well. So have people done enough in
:05:07. > :05:13.leadership positions? Clearly not. Mail or female. But there's 170
:05:14. > :05:16.years, according to the World Economic Forum, is a staggering
:05:17. > :05:23.number. The fact that we are sitting and talking about it in 2017 is
:05:24. > :05:28.appalling. It is. Very briefly, our quota is the way forward? I think
:05:29. > :05:32.you have to have very proactive targets, and the gender pay gap
:05:33. > :05:37.legislation in the UK is a good step. Companies are going to have to
:05:38. > :05:41.publish all of these statistics and track their progress, and that
:05:42. > :05:46.public pressure should help. We really appreciate your time. Short
:05:47. > :05:48.and sweet, we have got to move on. I am getting told off in my ear!
:05:49. > :05:51.Global stock markets soared Monday, after the result of the first
:05:52. > :05:55.So are the gains continuing into the new trading day?
:05:56. > :06:05.Rico Hizon is in our Asia Business Hub in Singapore.
:06:06. > :06:15.Great to see you. Hello, my friend! I was asking this yesterday, I am
:06:16. > :06:18.wondering if the markets are getting a bit ahead of themselves, counting
:06:19. > :06:25.their chickens before they have hatched? Because you know you cannot
:06:26. > :06:30.rule out Marine Le Pen perhaps winning. That is right, there will
:06:31. > :06:35.be that fear when the second round of elections come about in about two
:06:36. > :06:39.weeks because time, but for now there is still a lot of enthusiasm
:06:40. > :06:45.over the French election results -- two weeks' time. Attention is moving
:06:46. > :06:53.to the US, where President Trump is due to unveil his much vaunted cuts
:06:54. > :06:58.to tax your Mac personal and corporate tax rates. And investors
:06:59. > :07:03.are looking at how this will benefit Asian businesses and investors but
:07:04. > :07:07.apart from those two factors, there are negative forces capping those
:07:08. > :07:11.gains in Asia, and that is North Korea. They marked a key military
:07:12. > :07:16.anniversary today and the US is launching a new diplomatic
:07:17. > :07:19.initiative to tackle Pyongyang's nuclear and missile programmes. So
:07:20. > :07:22.there are various issues right now that the markets are dealing with.
:07:23. > :07:26.Overall Asian stocks are mostly higher, with Tokyo, Hong Kong and
:07:27. > :07:32.soul well entrenched in positive territory. Shanghai has suffered a
:07:33. > :07:35.series of losses in the past two weeks amid concerns about a
:07:36. > :07:40.government crackdown on leveraged investing -- Seoul. Currently in
:07:41. > :07:46.positive territory. The euro, which scaled five-month highs on Monday,
:07:47. > :07:52.remains firm in Asian trading. Did you ever fly in a helicopter around
:07:53. > :07:56.Singapore? No, I haven't. I don't have the money! You need money for
:07:57. > :07:59.that. Rubbished! I have seen your pay packet. It puts us to shame!
:08:00. > :08:02.If you despise waiting in traffic while trying to get to meetings,
:08:03. > :08:04.would you consider commuting via a helicopter?
:08:05. > :08:06.The world's top chopper firms gathered in Singapore recently,
:08:07. > :08:09.and my colleague Sharanjit Leyl went for a browse.
:08:10. > :08:13.If you're in the market for a new helicopter,
:08:14. > :08:17.or a state-of-the-art drone, then this is the place for you.
:08:18. > :08:20.This is Asia's first show dedicated to rotorcraft.
:08:21. > :08:26.And just about every big firm is here, hawking products.
:08:27. > :08:33.So let's go see what is on offer, and who buys them.
:08:34. > :08:37.Well, this is the Airbus H160 helocopter.
:08:38. > :08:42.Is one of the biggest I have ever seen. And this is a representative
:08:43. > :08:43.from Airbus. The cost of a helicopter,
:08:44. > :08:55.in the basic version, it should be around,
:08:56. > :08:57.in 2017, all included, That is a lot of money,
:08:58. > :09:03.so who buys these things? For crude changes on oil rigs. --
:09:04. > :09:13.crew. Doctors love the interior,
:09:14. > :09:16.and it can be used as a long-range Finally, it is public services,
:09:17. > :09:19.which might include search-and-rescue missions,
:09:20. > :09:21.and others who need this size Let's find out who some
:09:22. > :09:31.of these buyers are. This man has just placed an order
:09:32. > :09:35.for three helicopters at the show, He is with a Philippine-based
:09:36. > :09:41.aircraft maintenance People who come into the country,
:09:42. > :09:51.let's say they arrive in Manila, we fly them to their meeting
:09:52. > :09:54.place, to a helipad. They have their meeting
:09:55. > :09:56.in two hours. Make a big deal happen,
:09:57. > :09:59.and give jobs to a lot of people. So business aviation really provides
:10:00. > :10:02.the opportunity to create, The region is still a relatively
:10:03. > :10:09.new market for helicopters. But these companies
:10:10. > :10:12.are betting orders, Don't forget you can get
:10:13. > :10:36.in touch with me and some There are fresh concerns
:10:37. > :10:39.about the impact of Brexit