Skip to main content

tv   Business Briefing  BBC News  November 29, 2017 5:30am-5:46am GMT

5:30 am
hello again. this is business briefing. i'm sally bundock. focus on the future. a major summit between eu and africa kicks off in ivory coast. but will it really boost development? the us launches action against china over aluminium imports. but how will beijing react? we'll get the lowdown from our asia business hub. and on financial markets, it is a mixed day. no serious knee—jerk reaction to the missile test from north korea. we talk you through all the action and also is there a brexit break through? eu and african leaders are gathering for a summit in the ivory coast, with the aim of boosting prosperity and development. but in the current climate, the subject of economic migration will be high on the agenda.
5:31 am
although it's fallen substantially since 2015 migration has been one of the defining issues. 1.75 million people made thejourney to europe over the last four years. with many coming through africa even if they started elsewhere. many africans have been pushed to leave by poverty — and the eu and it's member states are already providing almost $24bn a year in long—term economic development funding. there are also calls for more bilateral trade between the two continents. last year they sold each just over $311 billion worth of goods, with africa buying more from the eu than the eu bought from africa. but how much progress will these talks really make? egon cossou reports. africa is a young continent. 60% of
5:32 am
the population is under 25. unemployment, though, is a massive problem. and it is only getting worse. the number of young people is expected to double in the next decade. translation: every year we have more than 5000 students who graduate from university, and less than 5% find a job. because of all these difficulties, we know more and more young people who aspire to go abroad to foreign countries in europe to follow their dream. more than two thirds of young people in africa work in the informal economy. there is no insurance, no safety net, and incomes hover around $2 per day.
5:33 am
20—year—old natalie left school aged seven. when she is not selling vegetables, she is selling clothes. translation: i would like to open a bigger sewing workshop and open other workshops as well. but i don't have money to do that. if i had someone have money to do that. if i had someone who could invest in me, that would be great. we are asking the world to help young people here. the future of young people is what presidents, prime ministers, and policy makers i hit a talk about. jobs, education, and the crucial questions, how to stop them from making the deadly journey questions, how to stop them from making the deadlyjourney to europe. i think it is very understandable that young people look to go to places where they have opportunities to develop. i think our challenge and our task is to create such an environment here. i think it is very human that any human would stay in
5:34 am
the place where he or she was born, if there are opportunities on the ground. hundreds of thousands of young africans make the treacherous trip to europe every year. if their situations at home to change, this is only going get worse. the us commerce department has launched a probe into chinese aluminium imports. it's the first time in decades an anti—dumping probe has been initiated without a request from an aggrieved company. it could fast track the imposition of tariffs on aluminium imported from china. but how is beijing going to react? live now to our asia hub and rico hizon. lovely to see you. what can you tell us? we are still waiting for the reaction of the chinese government. but it seems that the last, the afterglow of us president donald
5:35 am
trump's trip to china is quickly fading. unimpressed by beijing's progress in north korea and by their market moving initiatives, the us is rolling out an investigation into this aluminium sheet imports, were hundreds of millions of dollars each year. and this enquiry will examine whether aluminium alloy sheet is being sold below cost or with the help of government subsidies. the us imported more than 600 million us dollars in aluminium alloy sheets from china last year and the us called it an historic probe, intended to advance president trump off tough on trade agenda. and if there indeed was an issue, added duties will be imposed and, according to analysts, it could be as high as 60%. the us commerce secretary says we stand in constant vigilance in support of free, fair, and reciprocal trade. and this was
5:36 am
basically the message that president trump had with all of the asian leaders from japan, korea, and china when he was here in the region a couple of weeks ago. this action sets the stage for ardley, more economically significant fights on trade. the probes are separate from other national security investigations into chinese aluminium and steel imports. we have to wait to see the reaction of the chinese. thank you so much. good to see you. when our brief you on other business stories. 0fficials leading the brexit negotiations have played down suggestions that a deal‘s been reached on britain's so—called divorce bill. media reports say that the uk and eu have now agreed on how to calculate the bill, which could result in a payment of as much as 55 billion euros. we discuss that in more detail in
5:37 am
the news briefing. apple says it's working to fix a serious bug in the latest version of its mac operating system. the error makes it possible to access the machine without a password and change its settings. it also allows access to important administrator's rights. australia's flag carrier, qantas, has had its share of ups and downs. after a drastic cost—cutting drive, the airline finally returned to profitability. but can it maintain the upswing? christian fraser has been talking to the boss, alanjoyce, who thinks expanding capacity is the key. we have actually challenged both airbus and boeing to produce a new aircraft that can do to sydney and melbourne to london, which is a 21 oui’ melbourne to london, which is a 21 our aircraft in the air. and we believe that that is the last frontier of aviation. with the space race going on between the two, it to
5:38 am
get the aircraft by 2022. we will be able to fly from australia to do your correct, rio, direct, to cape town, which we cannot do today. that opens up the world for australians and people coming to australia. interesting that you use the word space race. perea imagination out. where does at travel go in the future, is it suborbital, further and faster, is it a smaller carbon footprint, what is it? i think, first of all, i think it is distance first of all, i think it is distance first and getting these very long routes in place. speed, u nfortu nately, routes in place. speed, unfortunately, and supersonic, i don't see us ever getting back to that. because it is not economical with delhi it is not economical and there is a trade—off with the amount of fuel you need to go supersonic means you are trading off distance. and there are problems we have not dealt with since the concorde. i think the us congress passed a bill to say you cannot fly there because
5:39 am
of the sonic boom. and they travel at six 5000 feet. there was worry about the damage they could do the ozone layer if there were a lot of them —— 60 ozone layer if there were a lot of them -- 60 5000 ozone layer if there were a lot of them —— 60 5000 feet. suborbital, for billionaires if they are willing to pay $250,000 a seat you can probably get there. it will not become a mass transit form of travel, not a long—time. become a mass transit form of travel, not a long-time. that was alan joyce, the travel, not a long-time. that was alanjoyce, the boss of qantas. what is trending in business? the rise of the bitcoin. they are talking about the fact that this isn't a repeat of the tech bubble. a lot of opinions about bitcoin. send us lot of opinions about bitcoin. send us your thoughts. with fake news and hate speech in the news, the wall streetjournal says it hate speech in the news, the wall street journal says it has hate speech in the news, the wall streetjournal says it has cut the time it takes to remove offensive content from its site. and the bbc‘s site is examining what to rowen powell, the man who will become the
5:40 am
new head of the federal reserve has said about regulating the financial sector —— to rowen powell. he has been testifying as part of the nomination process. get in touch with what you are spotting online. just use the hashtag #bbcthebriefing. financial markets, a mixed reaction in asia. a lot of on people's miser the missile is coming out of north korea. the dow is up over a cent at the close. it would seem that the buying spree continues in the united states. and we have the us dollar steady in, with thought that there could be movement tax cuts in the us inching closer to reality. i will see you soon. news briefing coming up in a moment.
5:41 am
lawyers for a man found guilty of murdering a mother and daughter in kent in 1996 say they'll release significant new evidence today that casts doubt on his conviction. lin russell and her six—year—old daughter, megan, were attacked as they walked along a quiet country lane. 0ur correspondent wyre davies has this report. it was a notorious murder. a brutal unprovoked attack in the kent countryside on a family walking home from a school swimming gala. 45—year—old lin russell and her six your old daughter, megan, were killed in the frenzied hammer attack. but nine—year—old josie survived, despite suffering terrible injuries. michael stone, a known criminaland drug injuries. michael stone, a known criminal and drug addict was arrested when you late in 1987 and
5:42 am
found guilty of the murders. he is serving a life sentence but has or has protested his innocence. there is no frantic evidence against him. he was convicted on a disputed confession to a fellow prisoner. legal team say they have compelling new evidence linking this man to the murders. the killer of schoolgirl milly dowler and others is serving two full sentences. many say he has committed dozens of similar crimes. the similarities you have got is a woman, an attack with something heavy like a hammer. those features make itan heavy like a hammer. those features make it an extremely rare crime. in the absence of other fact he would bea the absence of other fact he would be a good suspect. two decades after the murders, lawyers will release new evidence that the bbc has seen and which they say means his case must now go to the court of appeal.
5:43 am
this is the briefing from bbc news. the headlines. north korea announces it has the capacity to reach anywhere in the united states after it has fired another ballistic missile. and pope francis has been celebrating mass in myanmar. there was an outcry over his failure to use the word rohingya in a public speech. and the world health 0rganization speech. and the world health organization is warning progress made to eradicate malaria could be damaged. experts say targets made to reduce infection will be missed u nless reduce infection will be missed unless budgets are increased. that analyse what is across the media. social media online and of
5:44 am
course the press today. if we start with the missile launch. we begin with the korea times, which is based in seoul. its coverage of the missile launch by north korea, which it says ended a 75—day pause of weapons testing and also shattered hopes of dialogue over the north's nuclear and missiles program. the japan times on that story says north korea has fired off possibly its longest—range missile yet in what the publication says is a fresh challenge to the united states and japan. turning to the guardian for the latest on brexit, it says, "the uk faces a $50 billion divorce bill after bowing to eu demands." and trending online for wired, apple is rushing to fix a serious bug within its mac operating system. the flaw makes it possible to gain entry to a computer
5:45 am
without a password, and also have access to powerful administrator rights. that is a real worry. the reuters news agency says airlines are scrambling to minimise losses as the bali volcano costs grow. airlines have hinted they may have to heavily slash flight prices in march. the main airport remains closed, costing an estimated $5 million a day in lost flight revenue. and lastly, to a health feature in the independent with an article on new research that suggests marriage can help ward off dementia. the study by university college london suggests being single for the rest of your life could increase your risk

101 Views

info Stream Only

Uploaded by TV Archive on