06/09/2017 World Business Report


06/09/2017

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Now it's time for Sally and World Business Report.

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Despite its limited range, Nissan's all-electric car became

:00:19.:00:26.

Now the Japanese company has unveiled a major revamp,

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but will it be able to compete with Tesla?

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Also in the programme, we'll take a look at the recovery

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It has not seen a recession since 1991. The wonder from down under!

:00:55.:01:09.

In the last few hours, Nissan has released details

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The previous version was a global best-seller,

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but now the company is facing tough competition from Tesla which has

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already started making deliveries of its highly-anticipated Model 3.

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Let's cross over to Sharanjit Leyl in Singapore.

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Nice to see you. Tell us about the new Leaf. It made a debut in Tokyo.

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It is facing a lot of competition, not just from Tesla at from car

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makers like Volkswagen, BMW, and others. Leaf was the bestselling

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electric car. The launch shows a longer version of its previous model

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and it is fighting competition in the car Michael. 100 50 miles on a

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single charge - 40 miles more than its previous model. But all of this

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competition in the fast developing green car market is in part fuelled

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by tightening emission standards around the world. If you want to get

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a hold of one, from October it is on sale in Japan and made available

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early next year. A longer range with a 40 kilowatts battery. Analysts say

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it does not have massively groundbreaking technology but the

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right new features that may be attractive to driving. Single pedal

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driving, at the instance. It starts at just under 30,000 US dollars. We

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know they are having to deal with these rivals. The B, the

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Volkswagen and that is because electric vehicle technology is

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starting to advance really rapidly. The range is increasing and we are

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seeing proliferation of these types of cars. There you have it, the new

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Leaf has been unveiled. EU authorities are investigating

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claims the Italian mafia has been driving out farmers

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from subsidised land. It says organised crime has

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been pocketing funds - and now some 500 million euros worth

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of payments are under investigation. In Sicily, there've long been claims

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the mafia is preying But locals are also fighting back

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as Manuela Saragosa reports Land and property under attack.

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Fighting Cicely's role of fear is a risky business. Last year, the

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market tried to kill this man and now lives under permanent armed

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guard after he tried to stop the mafia from illegally claiming public

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land is arraigned in order to get EU funds. TRANSLATION: A new law now

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ensures anyone applying for farm has to have anti-mafia qualifications.

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We have taken a toy away from them. We will not let them play with it

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any more. We have broken it. But it is not just public land that has

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been targeted by the mafia. We are in the shadow of Mount at, just over

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there. These six had this belonged to a man. I came to meeting to find

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out what happened when he refused to hand over land. His house was burnt

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down. TRANSLATION: The message was clear, they wanted me off my land

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and I am sorry to say people giving. Sometimes it is what the authorities

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say. Rural mafia, a protected species, says his T-shirt. Some take

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matters into their hands. This man says he has spent the past few years

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stopping mafia but oops from trespassing and damaging his vines

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-- mafia groups. We were under physical and psychological attack

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stop they said they make the ball around here and threaten to kill us.

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They also beat us up. States like these are common sight in the

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Sicilian countryside. Many say they mark the land the mafia wants to

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claim. A sign also that the market continues to cast its dark shadow

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over the island. There's been some good news

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for Australia which recorded a strong pick-up in growth

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in the last three months. More than 26 years have now passed

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since Australia last The economy expanded by 0.8%

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in the second quarter- this is slightly less than experts

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had been predicting. But it's still a much

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stronger number compared to the first quarter,

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where the economy only grew by 0.3%. Australia has been suffering

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from the global slump in commodity prices but stronger than expected

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demand for iron ore helped contribute to a 2.7% increase

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in exports over the period. With me is Jeremy Cook,

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Chief Economist at World First. It would seem things are going it

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better in Australia? No one actually out there is putting out energy, US

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GDP, UK, Europe, even the euro is not at that percentage. This show

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grew by .6%. That is an OK number. Is it because the prices of

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commodities, the stuff Australia gets out of its ground has gone up

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and China has not seen a massive slow up. Some of the demand from

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China is starting to slow. He has in the pickup in value of Australian

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commodity exports slow a little bit. That is a global movement. The

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average Australian consumer came back into the shops. And they are

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cutting down on their saving on a month by month way. That could be a

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problem. They have done a lot of spelling on housing as well. A lot

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of ill thing in Australia for the past 10- 15 years. The housing

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market is just starting to roll over a little bit and that will

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naturally... If you own a house you would like to keep a little bit more

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back in case there is a recession or a downturn. - bring the GDP lower in

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the second half of the year. The infrastructure spending has helped

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but it is by no means the main driver. Thank you very much indeed.

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Let's have a look at some other news in terms of market and how they are

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faring in Asia... The Australian market not celebrating the fact stop

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down by a third of a percent. Those are the European markets, actually.

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Hong Kong down. Japan also down. The yen is getting stronger and stronger

:09:23.:09:33.

and of course nerves with what is happening with North Korea on the

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minds of investors.. It never works well for Asia. A Labour Day on

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Monday so it was the first day of trading. I will see you soon.

:09:47.:09:59.

Just half of dentists in England are accepting new NHS patients,

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The British Dental Association said the figure was a disgrace

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