17/05/2017 World Business Report


17/05/2017

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Now it's time for World Business Report.

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Security in the skies - will EU countries be added to the US

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Top officials are due to meet in Brussels.

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We show you the latest creations that are grabbing the attention

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Also in the programme it's "risk off" for the world's financial

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markets, thanks to the latest Trump turmoil.

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Today EU and US officials are meeting to discuss a potential

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extension of the laptop ban on aircrafts.

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In March, the Trump administration imposed new restrictions

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which prevent US-bound travellers from carrying electronic devices

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larger than a mobile phone into the cabin.

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The original set of restrictions affected flights from eight mostly

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Muslim countries including Turkey, Egypt, the United Arab Emirates

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This affected many of the gulf carriers including Emirates,

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Etihad and Qatar Airways, but now there are reports suggesting

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that the ban could be extended to include some countries

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Any immediate changes would coincide with the peak travel

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This summer, more than 3,000 flights a week

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Good morning. Good to see you. Do you know any more? We first heard

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the rumours last week that they were going to impose a ban on all flights

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from the EU to the US starting last Friday. The three major American

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carriers, United, American and Delta spoke to the Department of Homeland

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Security on Thursday and warned them that they were not ready to

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implement the ban immediately. Despite that, Delta had another sad

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airports warning that people that the ban was already in place. There

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was a meeting today between the EU Commission and the Department of

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Homeland Security to discuss the implementation of the ban but it

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does appear that it's going to spread to all the EU airport

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departures. Impact will this have? 65 million people travel across the

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Atlantic every year. It has a huge impact on business travel,

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obviously, because they will not be able to work on the plane. There are

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implications for insurers because as a general rule, insurers do not

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cover electronic used or in the hold and it has also been warned that

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there is a potential fire risk of potentially hundreds of pieces of

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electronics arm seen in a hold. Because of a fire was to happen in

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the hold there is no-one there to smell the smoke or alert anybody at

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the time. Absolutely. There are sprinklers but we are aware of the

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least to cargo planes that have crashed as a result of lithium

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batteries so there is a concern. This has been going on since March

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that the likes of Etihad and Emirates, they have been trying to

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grapple with this problem. How is it affected them? It has caused a

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substantial reduction in demand. Emirates have already announced a

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reduction in flights to the US because there are not enough

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passengers. A number of airlines are offering to lend passengers tablets

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to work on but, of course, you have no control over the information that

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is an your own equipment because it is out of your hands and you must be

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very careful in ensuring that everything is backed up before you

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give it over. Will we get to the point where this becomes a new

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normal in the same way we had to get used to not having liquids and that

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sort of paraphernalia when you go on a plane of having small bits of

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liquids in a plastic bag. Will this become the new normal across the

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world? I know that some of the global leaders like that Prime

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Minister of Australia saying he would like to see this in place with

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all flights going in and out of Australia. Unfortunately it does

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look as if this will be the new normal and we need to get used to

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the fact that we will need to bring a book to read. Interesting. That

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could be good for booksellers. Thank you for coming in. We appreciated

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and that meeting is happening today between EU officials and US

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officials. When we have news of the outcomes and the discussions we will

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update you. the US aircraft maker Boeing has

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delivered its first Malindo Airways will be

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the first carrier to fly Boeing temporarily suspended

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the fleet last week - The owner of TJ Maxx has

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reported soft sales growth - further clouding the outlook

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for the US retail industry. TJX also says profits

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will decline this quarter - The forecast highlighted

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the challenges facing the industry. Stores are under increasing pressure

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from online competitors. A pair of diamond earrings has been

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sold for a record price The flawless pear-shaped diamonds,

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one pink, the other blue, fetched a combined price

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of almost $58 million. I am expecting their

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arrival quite soon... More and more jobs look set to be

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automated in the near future, something that's concerning

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workers and politicians. But how capable are the latest

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machines, and are they really likely to replace humans altogether,

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or help us all be more productive Rory Cellan-Jones reports

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from the Innorobo exhibition in Paris where the world's leading

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robotics firms and startups From around the world the robots

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have come to Paris to show off their new skills. This one responds to the

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colour green. It seems to be distracted by the cameraman. And

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they are leaving the factories and trying to find roles in our everyday

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lives. Basically he has three functions. The first is to monitor

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people's health. They are after carer. This robot is designed to be

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a companion, monitoring the health of an elderly person and alerting

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relatives if necessary. It will show the mood of the person, where the

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activity is, if there is no activity you will be alerted. It is like a

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nurse at home. More and more robots are now appearing in customer

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service roles. This is essentially the kind of automated ticket machine

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you see in cinemas already but with a robot interface. I can interact

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with it. I can pay for my tickets as you would normally and I can also

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leave a video review and it will react to me in certain ways. They

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claim it is 30 times more interactive than a standard,

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ordinarily ticket machine. This Chinese robot is supposed to help

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out in the supermarket, offering advice to customers. You have to

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bend down to talk to it. I wanted to know why so small. The robot is to

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begin to human or it and people will think it too dangerous. Our idea was

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to design a robot to be lovely and friendly. The big fear is that they

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will take jobs. This autonomous tractor is the farmworker of the

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future. This delivery robot could replace Van drivers. The industry

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claims the robots will improve our working lives. It only takes the

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parts and tasks that are repetitive or dangerous or uninteresting, where

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we have no value. That value of more time. These autonomous fish should

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not take anybody's job and they do not need feeding. We will need to

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get used to robots and all sorts of unexpected places. Fascinating. More

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about that on our website. A look at the markets. As I mentioned at the

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beginning of the programme it is all about safe havens at the moment

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because there is real concern, growing concern around the world

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about the turmoil engulfing President Donald Trump's

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administration with regards to the latest revelations and what he has

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been saying to various people and we will talk about that in a bit more

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detail when we review the papers and the news. But just to say that the

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yen has gotten stronger, it is seen as a safe haven. Japan stocks are

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down at the moment. The big exporters have falling shares

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because their goods more expensive overseas when the yen is strong. The

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price of oil has dipped a little bit. Let's have a look at the US.

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Futures markets are implying that the US markets will open lower

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because of concern over what is going on in the White House. You can

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see the Dow is down. It is not forget that these markets have been

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hitting record highs of late so the price of gold has gone up, the US

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dollar has fallen, the yen has got stronger. I will return soon to talk

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you through some of the other stories in the papers.

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It's nicknamed Plastic Island and it's not hard to figure out why

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- 38 million items have washed up on the beaches on Henderson Island,

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an uninhabited remote British territory in the South Pacific.

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