tv BBC World News BBC America September 19, 2014 7:00am-8:01am EDT
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hello and welcome. our top stories, scotland says no to independence by a clear majority scots vote to stay in the united kingdom. >> no, 19,000. >> prime minister david cameron expresses his delight and promises a major constitutional shake-up not just for scotland but for the whole of the union. >> i'm live in edinburgh.
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both sides are feeling hugely emotional today. i'll have the very latest for you from the scottish capital. >> let us not dwell on the distance we have fallen short. let us dwell on the distance we have traveled and have confidence. >> the people of scotland have spoken and it is a clear result. they have kept our country of four nations together. >> also today, hundreds of syrian kurds flee toward turkey and frances launches its first air strike against the jihady militants in northern iraq and we'll have fallout from that scottish vote in business terms and a big fine for a british company in china. >> it's the biggest ever fine by a chinese court and it's been thrown at glako smith klein.
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a very warm welcome. it's 7:00 a.m. in washington, d.c. and the scottish people have spoken. after a campaign of strong passions and high drama, 45% of scot voters backed independence. 55% said no. the 300-year-old union with england survived. so bitter disappointment for scottish nationalists and huge relief for british prime minister david cameron but no one believes that politics in scotland or the rest of united kingdom will go back to business as usual. let's cross live to edinburgh.
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>> reporter: it was a remarkable night after an extraordinary couple of weeks of campaigning. you hit the nail on the head there. absolutely nobody here in scotland has woken up today wanting the status quo. everyone thinks that politics will be different now. everyone is looking forward and most people are expressing a real sense of unity despite there are people elate the and some extremely disappointed. it was as i mentioned an amazing night. many people didn't go to bed. the streets were full of people throughout of the night. the bars and cafes were crowded. the entire nation it seems was holding their breath waiting for the final result. and watching with them was the bbc's ian watson. >> reporter: they are shouting yes but spent most of this campaign saying no. supporters of better together celebrated scotland's rejecting independence.
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their mood in stark contrast to the leader of the yes campaign, alex salmond, about to concede defeat. by the time he arrived in be edinburgh, the brave face was back. >> thank you to scotland for 1.6 million votes for scottish independence. >> reporter: he called on his supporters to accept defeat. >> i accept and i call on all of scotland to follow suit in accepting the democratic fair vote of the people of scotland. >> reporter: the leader of the better together campaign declared that the no vote didn't mean no change. >> more than 85% of the scottish population has voted. people disengaged from politics have turned out in large numbers. >> the prime minister said the question of independence had
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been decisively answered. >> now the debate has been settled for a generation. or as alex salmond has said, perhaps for a lifetime. so there can be no dispute, no reruns. we have heard the settled will of the scottish people. >> reporter: the first council to declare in central scotland set the tone with majority there rejecting independence. >> no, 19,036. >> reporter: the yes campaign did win in glasgow, scotland's largest city. >> yes, 194,000. no, 159,347. >> reporter: and in edinburgh with all votes counted, the final results were declared. >> yes.
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the number of votes 1,617,989. no, the number of votes, 2,001,926. >> reporter: turnout has been high from 75% in glasgow and high spirits at the no campaign when majority of voters decided to embrace the union and voted for scotland to stay in the u.k. >> reporter: the campaign has been followed around the world particularly over the last week and certainly last night's result was watched by many people internationally. there's been a massive reaction on social media, facebook and twitter as well. bbc's trending team followed the exact moment online that scottish people found out it was a no result.
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>> scottish national party campaigned hard for months now, the last few years actually for independence. let's talk now to gordon wilson who joins me now from glasgow. a city that voted yes. thanks for being with us. 1.5 million people voted yes. still, you didn't manage to win today. how are you feeling? >> i was disappointed last night. i'm a realist in these things and i went with high hopes but low expectations because the opinion polls have been dragging a bit. what has happened is quite remarkable in a cold light of
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day and a good breakfast, 45% of the population is in favor of independence despite a very severe and almost violent propaganda campaign with banks threatening to move and insurance companies and retail stores putting up prices. all of the scare stories and to achieve that was quite magnificent. however, having said that, as one door closes another one opens. >> indeed. with so many young people voting yes as well, do you think this is the end of it or will we see another referendum sometime in the future? >> i think scotland will be independent at some time in the future. we don't know the time scale of that because at the present time the ball has now passed to the unionist parties and it's evident that some of them are going to run into english opposition if they try to give a more generous settlement to
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scotland. if they do that, it exhilarates the position toward another referendum. no one in scotland right now wants another referendum but one can happen. what happens if the united kingdom votes to come out of europe and scotland votes to stay in? that would be grounds for another referendum. i don't imagine the english people would be stupid enough to do that but what will happen is if london does not give substantial powers over finance and the economy to scotland, the balance will start swinging and the second thing is a large part of the no vote was the elderly population so if you look forward some 5, 10, 15 years in terms of demographics, that british vote is no longer there and i'm in that generation too so i can say that without offending anybody.
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then the chances of independence become much more likely. >> david cameron came out a few hours ago and reacted to the result and he has promised to very quickly gather a team together to work on devolving more powers. how will members work with westminster to make sure that happens? >> i think it will. if i were -- i'm a former leader of a party having gone into that situation, i would say to take part in the discussions and say we wanted independence. that's not on the agenda because scottish people have said so but there's a big independence vote. you tell me what powers you are proposing to offer to scotland and then when they make these offers, you try and increase them and if they will not do that, then you let the scottish people draw conclusions that
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instead of being offered a pig in a pork, they're offered a pork instead. >> thank you very much for joining us from glasgow. one of the voices that's been outspoken throughout this campaign but many people have been giving their reaction to the bbc throughout the day from the yes and no camps. reaction has been coming fast really. let's have a listen to some of them. >> i do believe that the only way for scotland was independence. i do believe that the paradigm has to shift and i still think the paradigm will shift because of what's just happened because even of the no vote because the fact is they came rather late to the party, the three amigos and promised these presents they were going to bring to us which we asked for earlier on so we'll sit and wait. they say they'll get a white paper together. i very much doubt it quite frankly.
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and quite honestly s lly person don't trust them and a lot of people don't trust them. they lost faith. a lot of people put faith in them like the no campaign but i think they'll wake up soon and see what a disconnect there is with westminster. >> as a last-minute panic measure, cameron was worried he would lose the referendum that he made vows. one was to give more power without a word or thought to the english and secondly was to continue the funding formula whereby the u.k. treasury paying out more per head in scotland than it does in england. this morning playing catchup and trying to address that but i think the reality is that for the last 18 years we've seen devolution with england being ignored and english voters feeling they are picking up a big bill and scottish mps vote on english only issues.
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>> the issues for england which is 85% of the u.k. by population. a lot of english mps are okay with giving more power but the centralized country with germany or united states or australia or canada and to produce devolution in england will be difficult because there's no easy plan. >> some highly profile campaigners speaking to bbc today bringing up other issues being brought up. more power to westminster. more power in whales and all issues are now coming to the fore. i have to say the focus here today is when are we going to see some more details from westminster on how much more power will be devolved to scottish parliament behind me? that's what they promised in the final weeks of the campaign and scottish people are now looking to see when they will deliver on
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that promise. >> on a momentous day for scotland and indeed for the whole of the united kingdom, thank you very much for joining us from edinburgh. now, in other news, a 37-year-old man has been charged with deliberately starting a wildfire in northern california which doubled in size overnight. wayne huntsman was arrested for allegedly starting the blaze about 225 kilometers northeast of san francisco. more than 2,000 people have been evacuated from their homes in the face of the now raging fires. a man has killed six of his grandchildren, his adult daughter and himself in a shooting at a home in a small town of bell in north florida. the gunman has been identified as 51-year-old don charles spirit. he's reported to have a criminal history. australia has said it's stepping up security in parliament in the face of threats against the prime minister and other leaders by islamic state militants.
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prime minister tony abbott told reporters parliament house was a potential target. his comments came a day after hundreds of police officers staged a major anti-terror operation across sidney. do stay with us on bbc world news because still to come france launches its first air strikes against islamic state in iraq and in syria, jihady fighters take more control. we're live. time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance.
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unlike the americans, the french made it plain they'll undertake no operations in syria where i.s. has its headquarters. the president spoke to reporters just a few moments ago. >> translator: it was an aircraft coordination with iraqi authorities and our allies and the aim was to weaken the organization of the terrorists. parliament will be informed of these operations and the prime minister will meet official leaders of parliamentary groups next week and a debate will be organized. >> there you go. that was a short clip of him talking to reporters moments ago. let's go live to paris now. do we have anymore detail about the scale of the air strikes, the targets? what are french officials
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saying? >> it sounds quite limited. more than two jets took off from the french base in the united arab emirates flew to the north and hit what's been described as a logistics base which has been used in attacks in northeast iraq. it will be up near the border of the kurdish zone. it was completely destroyed and jets returned safely. so it sounds like a limited strike. planes from france have been flying over the zone earlier in the week and no doubt they determined this was a target worth hitting and close coordination with the americans who carried out their own. many more, more than 100 strikes in the zone in the last few weeks. what president hollande also said, expect more. there will be more strikes from jets based in the coming days.
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>> picking up on a point i referred to earlier, is it clear the french have a strategy which is confining itself to iraq? so much discussion in the united states about whether they'll extend the strikes into syria. what exactly are the french saying? >> the french have made it clear they don't want to do that. they are concerned about international legitimacy going back many, many years getting the right kind of international cover for it. france believes it has cover for what it's doing now because there's been a specific request from the iraqi government, iraqi president here to help it in its fight against an aggressor and so this takes -- this action takes place in that context. it's a response to a request from a legitimate government to another allied power to help it. that's what they're doing. nothing similar from syria so legality is much more muddy and there's the background of france and syria and they believe calls
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for international action against president assad a year ago in the whole chemical weapons never came to anything and french feel grieved that nothing came of that and they believe that the situation in syria is so much worse partly because america and britain did not follow france back then to hit against president assad. >> very briefly, do you think the french public support hollande's decision to send the fighter jets in. >> people will rally around in the immediate term. of course they always do. there's a certain sense here as well that president hollande knows that international action is his strongest card at a time when he's really suffering in the polls and immensely unpopular. his action in mali was a success two years ago and he knows when he acts abroad, his poll ratings tend to go up. there will be a certain cynicism
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attached to this when people assess why he's doing this but on the other hand i think people do pretty much buy into the argument that action does need to be taken because there are many french nationals out there with islamic state. >> all right, hugh, thank you for joining us. also today, turkey has just in the last few hours opened its border to hundreds of kurds who had to leave their villages in northern syria after an attack from islamic state militants. so let's go live now to southern turkey close to the syrian border and speak to our correspondent there. it's been a slightly confused picture this morning. was the border open to these fleeing refugees or not? tell me what is the very latest? >> reporter: it's still a confusing picture to be honest. the border in question is quite far from here so we haven't been able to gather any firsthand information.
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the calls we've been making to people suggest that the border is not open yet but of course this could change any minute. we received other indications that perhaps in the last few minutes the border has been opened. we are also unsure exactly how many people are waiting to cross but from what we heard, the advance by islamic state fighters from the east has been gathering momentum and the situation in the city appears to be more and more dangerous for the inhabitants. >> it does look as though gjih d jihadies from so-called islamic state have launched a major offensive across villages in the kurdish north. why do you think they are doing it and how serious does this seem to be? >> reporter: they are doing it within their overall strategy of capturing as many border areas as they can. there was a joint operations
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room which was launched just a few days after or actually, you know, perhaps the announcement by president obama of his new strategy. it was an operation room that includes kurdish and arab factions within the region. the fighting going on in that area is between islamic state fighters on one hand and that coalition and especially the kurdish fraction within that coalition. it's an ongoing war between the islamic state fighters and these factions for quite a long time and this is just an extension of it. >> all right. thanks for joining us. coming up in the next half hour of "gmt" we'll go live to edinburgh unpicking the significance of that momentous decision by scottish people to vote no to independence and international reaction to it as well. all of that from scotland coming up. do stay with us here.
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>> welcome to "gmt." in this half hour, scotland says no to independence. scots vote to stay in the united kingdom. >> no, 19,000. >> disappointment for scottish nationalist. relief for david cameron who promises a major constitutional overhaul for the whole united kingdom. >> scots are really digesting what this referendum result will
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mean but we'll also take you to the united states to see how american scots view this decision. a three-day shutdown as the government sends health visitors door to door in a bid to halt the spread of ebola. and aaron is here with business particularly the business reaction to that big vote in scotland. >> absolutely. you know, the one big thing the markets hate is uncertainty and that's what we've seen over the past week. now with the no vote, it clears the air and markets and british pound reacted positively. the question is with still a lot to do, how long until that uncertainty returns? a very warm welcome to "gmt."
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scottish people made a momentous decision after a long and heated campaign, they voted no to independence. the vote was 55% to 45% against ending the 300-year-old union with england. the result represents a bit of disappointment to scottish nationalist and huge relief to prime minister david cameron. today he made it clear the result will not signal a return to business as usual for scotland or for the rest of the united kingdom. let's join my colleague in edinburgh picking up reaction to this momentous day. >> reporter: an historic day. the scots talked about pride the moment they went into a polling booth and placed a mark whether it was yes or no. they felt they were part of something incredibly important and we are watching history unfold. scots say they want unity and to
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look forward and government to deliver on the promises they made and that key promise was to devolve more powers to the scottish parliament here. >> we now look at britain's standing in the world and whether itwhat's going to resul from growing calls for change at home. >> reporter: the historic agreement which paved a way for the referendum had the world holding its breath. >> reporter: the news that it is not going to leave the united kingdom will mean many governments are heeding a sigh of relief. some fear that scottish independence may encourage other separatist movements and others worried it would turn the rest of a u.k. into a weaker distracted partner.
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has the standing been affected nonetheless? in many ways the united kingdom is already in decline. the days of the british empire may be long gone but powers like india and germany and brazil have grown in strength and britain have lost clout. though the u.k. will still be a staunch ally of countries like the united states, new devolved powers to scotland and constitutional reform elsewhere mean the united kingdom is going to change. >> there will be negative implications even from the no vote that we now have. because it will throw up a number of consequential decisions which will distract the british government and the issue about powers for other parts of the united king ddom a
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this will be a huge distraction from foreign policy issues. >> in the european union, there's another uncertainty. if conservatives win the next british election, could there be another referendum which could take the u.k. out of the eu in three years time. but perhaps there is one silver lining. while many countries may have found it incomprehensible that the scots were able to hold the vote, it does show british democracy is alive and well. >> it's pretty remarkable that the state can say we're not going to compel part of what's been our country and perhaps didn't want to remain part of our country and we won't compel them to do so and we'll allow the democratic process. to do that you have to have a country have enormous confidence in its democratic constitution. >> reporter: there are testing times ahead.
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a balance needs to be struck between political reform and corrosive instability and the rest of the world will be watching closely. >> scots are truly an international people. over the decades millions have emigrated overseas to canada and of course the united states. everyone in those countries with scottish ancestry watching closely at this referendum. let's take you to america. we can talk to chairman of the american scottish foundation. thanks so much for joining us here on "gmt." what's your reaction to today's result? >> i'm very relieved that it's over and that a decision has been made. from our perspective and the american scottish foundation, it really was irrelevant in terms of our view of our role with scotland. the foundation was set up in 1956 effectively to be a bridge
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between scotland and america and vice versa. that's what we are. we're very active both in scotland. we have a team in scotland. we have a team here and that team is, i think, more essential probably now because even though it's not independent, it will have more devolve powers which will bring more responsibilities and that's where we as an organization can be useful for scotland. >> are you telling me you didn't have a view on this one and if you had a vote you wouldn't have cast it. you wouldn't have gone yes or no? >> you know, it's interesting you say that because as i thought about it, i have very mixed feelings. very mixed feelings. i have a business interest in scotland so that was one thing i was looking at.
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how would that be impacted? i don't live there so i'm not going to have that element of concern to worry about. but i suppose given my age i probably would have voted no to remain simply because i don't have that much time left and it's going to take some time as we've been saying to get this sorted out what the future is going to look like. >> have you and your members been following the referendum closely? were you up all night watching the results come in? >> as a matter of fact, i wasn't quite up all night. i was awake most of the early part of the night. i got up at 4:00 to get out some press releases as to our position so it's been a long ten days. one of the things that's fascinating to me, this has done so much for scotland in terms of
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putting it on an international stage. clearly there was incredible interest. we got flooded with requests for interviews not from just the normal channels but one from taiwan just yesterday. i find it very interesting that the diversity of interest in scotland. >> thank you very much for joining us. reflecting the view of some of the american scots who have been watching this referendum closely and following the result of course. we'll have plenty more throughout the day here on bbc world news as reaction continues to come in. it does feel like history has been made here in scotland. lots of people have gone to bed now. there were parties throughout the night here in scotland. people did stay up to watch the results come in. we are still waiting for further details on what will happen next and that timetable for further devolution of powers and we'll have all of the details throughout the day from edinburgh. >> great stuff. thank you very much. if you can't wait for lucy's
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next contribution as she keeps following the edinburgh story, there's much more on the scottish referendum on our website. you can go there and find a detailed breakdown of the results, analysis, including what the outcome means not just for the future of scotland but for the u.k. as a whole. that's all at bbc.com/news. >> i know you're going to reflect what the vote means for business. first, you'll start with one of britain's biggest pharmaceutical companies with big problems in china. >> one of the biggest fines ever by a chinese court. glaxosmithkline has been fined 190 milli$190 million by chines authority in this record penalty. gsk's chinese business was found to be bribing doctors and hospitals to use its hospitals. gsk issued an apology to the
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chinese people and other gsk executives now face jail terms of around two to four years. let's get more. our business editor joins us. great to have you with us as always. for our viewers around the world perhaps who haven't followed this story, explain to us how we come to this particular position if you will and how significant is it? >> this all started last year when the chinese authorities announced that they had evidence of wide scale bribes as you say against glaxosmithkline in terms of getting their products pushed by doctors and hospitals in china. glaxosmithkline as late as last summer did say they appear to be some evidence of wrongdoing. the head of glaxosmithkline's operation in china was put under not quite house arrest but was not able to leave the country.
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what the chinese authorities have announced today is that gsk agreed to a fine. it is more likely that the gsk executives caught up in this will be deported now from china. gsk massive global business headquartered just outside london. china was a small part of its business but a rapidly growing part of its business. therefore, gsk wants good relations with the chinese authorities. the company still has issues of allegations around bribery and malpractice in other countries. syria, jordan, iraq, much, much smaller in scale. no guilt has been admitted as yet. it still does have some problems
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elsewhere. >> when your story broke and we heard about this investigation and correct me if i'm wrong, were other pharmaceuticals being investigated but at that time we were reading reports that this was almost common practice in china. in fact, doctors and hospitals relied on these payments. >> i think you're right. the market was unregulated. this all goes back to the drive against what was described as fraud in many different sectors in china. in particular in pharmaceuticals. certainly gsk believed that they had been made an example of. they're not saying what they did wasn't wrong, but i think you're right. they believe it was also going on among other companies operating in china. maybe the chinese authorities were keen to make gsk an example to say that this will no longer be allowed. gsk certainly and a number of other pharmaceutical firms
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operating in china, western businesses, have stopped a lot of the practices. they used to pay a lot of their sales staff in cash. there was very little accounting for how they were paying doctors. they were taking them on big glamorous holidays and they were paying for conference visits and there was all sorts of processes in place which were not controlled. i think a large part of that has been cleared up but the big point is that pharmaceutical industries are an odd mixture of very, very smart doctors making drugs that save our lives and sales forces that try to sell as much as possible and that's one of the big problems around the world. >> indeed. great stuff as always. thank you very much for that update. our business editor joining us there. let's talk about it. the outcome of the scottish referendum. what did it do? the result, is saw the british pound sterling surge by 1.3%. that's against the dollar in early trading. but it has fallen back basically
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as news has sunk in. still up slightly. it's now trading around 1.64 to the dollar. the clear outcome of the referendum and weeks of uncertainty for investors and firms. we know things like shares in scottish banks rose sharply. royal bank of scotland was up more than 3% and lloyds rose more than 2% and head of britain's biggest business group said firms were relieved over the outcome of the vote but the confederation of british business remains concerned about the impact of more devolve powers to different regions of the u.k. is what i was mentioning earlier in the headlines. some experts think uncertainty could return because there's a lot to do to sort of sort this out. we'll keep across that one. big day friday. shares in the chinese e-commerce
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giant start trading later today. late yesterday the company set the price of 68 bucks per share. the she'll could end up being the biggest on record raising some $22 billion or possibly even more. we are going live to the new york stock exchange on world business report coming up in about 45 minutes. make sure you stay tuned for that one. we'll talk all things alibaba. let's touch on other business stories making headlines around the world. the head of oracle is stepping down as chief executive after 37 years. he'll remain as chairman and chief technology officer. oracle will be led by two chief executives, an unusual move which worries some investors. microsoft is closing its research and development operation in silicon valley with around 2,100 layoffs.
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microsoft's new chief executive announced plans to cut 18,000 jobs or 14% of the company's workforce. this latest round of joblesses became public after employees posted about it on social media. follow me on twitter. tweet me and i'll tweet you back. that's it with business. >> i don't need to tweet you. i can talk to you. >> any time. >> thank you very much. do stay with us on bbc world news. still to come, the latest on the deadly spread of the ebola virus. a three-day curfew is the latest measure to try to halt the spread of ebola. ♪
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welcome back. the people of scotland have voted to remain in the united kingdom. after months of campaigning, voters turned out in record numbers to reject independence by a margin of 10 percentage points. french fighter jets launched their first air strikes against islamic state in northern iraq. the french president said it's to weaken the terrorists. now, we can bring you just some breaking news in the last few minutes. it's directly relevant to that no vote to independence in scotland. the leered of the catalonian regional assembly has said that in his view what has happened in scotland simply strengthens catalonia's claim on independence and he says he will push ahead with a vote on independence in that spanish region.
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catalonia of course is the region of spain in the northeast of the country which has long had a movement for independence. we're going to stay with that breaking story because as i say, the catalonian assembly has been considering whether to hold a vote, consultive vote they call it, on independence in november. and it seems that the body of opinion inside that assembly is that vote will happen. the spanish government is adamant that it is illegal. to discuss it further, we are now joined by a member of the catalonian national assembly and has come out of the assembly to talk to us. thank you very much for doing that. just explain to me the logic by which mr. mas and others in catalonia are saying that the scots voting no to independence strengthens your claim to push for independence. i don't quite understand that.
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>> thank you for the question. let me first point out i belong to the catalan national assembly and i'm not a member of parliament and first minister mas' remark is saying that we celebrate the referendum even before it was held in scotland. we really acknowledge the importance of people being able to decide their own future. i think the experience, the enriching experience of the democratic process in the united kingdom regardless of the actual result and actual outcome does strengthen the case for catalonia. >> bottom line it will strengthen your hand more if scots voted yes, wouldn't it? >> they are separate processes and i would say they run in parallel but certainly if scotland had voted yes, scotland
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could have acted as a kind of ice breaker as we move into what for the europe union is unchartered waters. >> you and mr. mas and other catalonians appear intent on pushing ahead with this vote in november asking the question of your people whether or not they want independence. the spanish government is adamant that vote would be illegal and they're going to do everything in their power to block it. what is going to happen? >> well, obviously if it were a revereferendum referendum, the referendum would be have to be authorized by central government. what we're talking about here is an electoral commitment on the part of the two parties, in fact more than two parties that won the last election, and this commitment has been reaffirmed in parliament. this is basically again part of a democratic process and as we
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can't hold a binding referendum, this bill, which is going to be adopted by a clear majority, is a bill which allows catalonia to hold its nonbinding referendum or consultation and that's foreseen within the spanish legislation to be more specific within the statute of autonomy so at the moment we adopt this bill it will become legal. >> we will see what happens this afternoon and we'll continue to follow this story in catalonia. thank you very much for joining us on "gmt." one more story to bring you before we go. a three-day curfew is under way in sierra leon as they try to stop the spread of the ebola virus. how does the government believe it can stop the spread of ebola?
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>> reporter: the government says that it mobilized about 30,000 volunteers. the move from door to door campaigning to people about the outbreak but also they are looking out for people showing signs and symptoms of the disease and they are going to take them to holding centers and tested. they are trying to restrict anyone suffering from ebola. >> paint me a picture today. are people staying indoors? is this three-day curfew really working? >> reporter: it is working so far. unprecedented move. i haven't seen anyone outside except for ambulances and those transporting security personnel. people are indoors.
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it's an inconvenience to them but will stop spread of the disease. >> all right. we have to end there. i'm sorry. thanks for joining us. that on a busy day is pretty much it for this edition of "gmt." thanks for watching. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable. you drop 40 grand on a new set of wheels, then... wham! a minivan t-bones you. guess what: your insurance company will only give you 37-thousand to replace it. "depreciation" they claim.
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[ engines ] the doctor: cardiff! cardiff?! ah! but, thing about cardiff -- it's built on a rift in time and space, just like california on the san andreas fault, but the rift bleeds energy. every now and then, i need to open up the engines, soak up the energy, and use it as fuel. so it's a pit stop. exactly. should only take 20 seconds. the rift's been active. wait a minute! they had an earthquake in cardiff a couple of years ago -- was that you? bit of trouble with the slitheen. [ "torchwood" theme plays ] long time ago. lifetimes.
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