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