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tv   Business Briefing  BBC News  April 10, 2018 5:30am-5:46am BST

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this is your business briefing. i'm sally bundock. unwelcome status update. facebook boss mark zuckerberg gets ready for a grilling from us lawmakers over his firm's privacy scandal. president xi pledges new steps to open up his markets to global trade. will this be enough to ease tensions with washington? financial markets in asia rose following the speech from president xi. shares of some of the world's biggest carmarers in toyota are among the winners. the boss of the world's biggest social media site, facebook, will be testifying to us senators in washington over privacy concerns and the protection of users' data. mark zuckerberg's admitted in his prepared testimony: "we didn't do enough to prevent
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these tools from being used for harm." facebook believes the data of up to 87 million people was improperly shared with the political consultancy firm, cambridge analytica. last month, former cambridge analytica employee christopher wylie revealed the data was obtained after hundreds of thousands of people did a quiz on facebook in 2014. but the quiz didn'tjust collect information from those who did it, to go ahead with the quiz, but also their facebook friends. —— he claims the details were sold to cambridge analytica, which used them to profile voters ahead of the us presidential election. it's opened a huge debate about privacy and the ownership of personal data. our north america technology correspondent dave lee has more. made no mistake, this is an event mark zuckerberg had really wanted to avoid adding to his calendar, a trip
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to washington to face tough questions about how he runs the most powerful social network in the world. politicians had wanted to speak to mark zuckerberg before but until now, he has sent lawyers and other members of facebook‘s team to do thejob. other members of facebook‘s team to do the job. we have redoubled our security and engineering efforts to increase security. he has agreed to appear in person. in two days of hearings, he will answer questions about the cambridge analytica scandal and whether there are others who may have done the same thing. he will be asked about election meddling, what a company is doing about it, and why did not act sooner. about it, and why did not act sooner. it is notjust in the us that facebook is under scrutiny. the facebook apology roadshow will travel to the uk and europe, australia and canada. in washington, dc, mark zuckerberg will have one goal, to ride out the storm. a strong performance you could see facebook‘s stock rise, reversing a
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loss in value since this scandal took hold. the beginning of tighter regulation on facebook and other companies like it. they have made enormous businesses out of personal data. they been said of usjust of sting in and saying 0k, data. they been said of usjust of sting in and saying ok, here i am, you can use all of my data however you can use all of my data however you want. —— opting. maybe we should have a right to say no, i want to t have a right to say no, i want to opt out. the question is what with that regulation been held at the enforced? the that regulation been held at the enforced ? the rest that regulation been held at the enforced? the rest of silicon valley is watching very closely. joining me now is chris green, technology analyst with the it business consultancy, bright bee. nice to see you. good to be here. obviously, talking to the next 48 hours, what difference do you think this will make? well, it is really going to affect how facebook appears in the public eye. there has been a real issue at around facebook of
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trust in recent years, there has been a real issue of data being misused, about ownership of information published on the website and things like that. the difference is that the story about cambridge analytica has really captured the public‘s interest, it could argue it is the straw that broke the camel's back. how they have trust that anything they put on facebook will not be misused. do you think that mark zuckerberg is out of his comfort zone and therefore, how will he fare when he is grilled? is definitely out of his comfort zone, it isa definitely out of his comfort zone, it is a very successful ceo. is is a successful ceo, his idea has been incredible success but in terms of handling this situation, he is not really been that successful, has he? know, and i think that is really where you start to see him be exposed. as good as he has been on
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the balance sheet, he has not been as good when he is being grilled. a lot of the tech company founders do not have that brett of experience, they are fine running the business when everything is going well and going to plan but when something goes wrong, it starts to expose their lack of experience and began experienced. is notjust him, is it, it is also cheryl sandberg, his chief dental officer and those others who are around him. do you think they might look for someone who has that experience, someone from outside of their bubble in silicon valley because it is not just about facebook, it is about all the other companies, google, facebook, youtube, uber, these companies that are becoming enormous and permeating our lives and they are having to take on responsibility and accountability? well, it is something that they will have to consider, it will help detect public confidence as well as investor confidence. we have seen we will go
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down this route, they brought in eric schmidt, who led the company. he also meant toward larry the in a more qualified and experienced ceo when he moved back into the role. —— mental. thank you so much for coming in. -- mentored. we will do more to open our markets. that's the pledge from the chinese leader, xijinping. he was addressing the boao forum in hainan province as his country faces a possible trade war with the us. let's cross to shanghai, where we'rejoined by robin brant. he was listening to that speech, teller small. financial markets have been cheering to a degree since. yes, they have. in asia, looking
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pretty green in the last hour or so and that is because they like the words coming from xi jinping's mouth and the significance here is that it is xijinping saying and the significance here is that it is xi jinping saying these things, particularly on a pledge to cut ta riffs particularly on a pledge to cut tariffs on the import of foreign cars, that will happen later this year apparently and also some reform to foreign ownership rules for companies in the us and beyond who wa nt to companies in the us and beyond who want to invest in china. those two things are key issues in the brewing trade dispute between the us and china and it is significant that xi jinping chose to directly address them in his speech at this international trade forum in south china, they are not new pages not to come from his mouth means they are much more likely to happen. there will be deep scepticism though among many about particularly the reform on the ownership of say foreign automotive firms because for 20 or 30 years, china has forced these
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companies, ford, jaguar, land rover to swa p companies, ford, jaguar, land rover to swap their technologies they want to swap their technologies they want to come here, it is that now really going have a big impact? and it is clear that the message from donald trump is that he wants to address some of these key disputes for the time being. thank you very much. now, let's brief you on some other business stories. the us is heading for a budget deficit of more than $1 trillion by 2020. that's according to figures from the congressional budget office. this follows tax cuts and higher public spending. the body says us debt could rise to a level comparable to world war ii and would have "serious negative consequences". the uk's financial regulator says its facing brexit costs of $42 million in the year running up to britain leaving the eu. the financial conduct authority says the costs will be incurred as it prepares a new regulatory regime for when britain is out of the european union. lufthansa's warning it's cancelling 800 flights on tuesday as a spring of discontent among
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europe's workers spreads to germany. around 90,000 passengers are being affected. workers are staging the walkout ahead of pay talks following similar action in france. now, the glamour of international travel, when there isn't strike aciton, may seem rather elusive if you're squashed into a crowded economy cabin and paying through the nose for an indifferent meal, but moves are afoot to make things a bit easier for those of us flying on a budget. right now in hamburg, suppliers are gathering for the world's biggest aircraft interior expo and the focus is on the economy traveller. aaron heslehurst has the details. for many, the early 70s marked the golden age of air travel. but with
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increasing competition, the reality for most of us is this. however, today's cutting—edge jetliners are now trying to bring back a little of that flying magic. for many of us, when we bought a plane, do you ever stopped to think about that technology, that innovation, the windows, the ceiling lights on that aircraft? the answer is probably not. well, i have one man here was instrumental at changing the boundaries and pushing the boundaries and pushing the boundaries to make our experience as a passenger much better. nowadays, it has a lot to do with psychology. it has a lot to do with psychology and the reason it does is because we went around the world to understand multiple cultures and to understand the psychology of different peoples, when they are in that state of being inside a naplan. what is the deep, psychological or emotional? what is going on with them? what are their needs as they are doing this? and
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today we even seeing some vast improvements for the passengers at the back. because of this research, even the passengers in the back benefit from it because this research went into the whole airplanes and the whole experience of the whole airplanes. flying you andi of the whole airplanes. flying you and i around the world is a $750 billion a year industry, with passenger numbers expected to double to more than 7 billion in the next 20 years, airlines are now looking ever more closely at how to improve their economy experience. the golden age ofair their economy experience. the golden age of air travel may be gone but airlines are now trying to bring back a little of that flying magic. stay with us. newsbriefing in a moment. first though, more than 150
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suspected paedophiles were charged in 2017 after police in england and wales used information from so—called "paedophile hunters". a bbc investigation has found that evidence from vigilante groups, who use fake online profiles of youngsters to track down potential offenders, has seen more than a sevenfold increase in two years. phil bodmer reports. an angry confrontation between a group of paedophile hunters and neighbours of the 53—year—old man who it is claimed has been grooming and underaged girl. we have been speaking to one of our decoys. have you got a sexual interest in kids? so why are you talking to a 13—year—old child? so why are you talking to a 13-year-old child? in this case however, the middle—aged suspect has been exchanging text messages with
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an adult woman. she is a geek or using a false account. the group in yorkshire was set up in 2016 to bring paedophiles to justice. yorkshire was set up in 2016 to bring paedophiles tojustice. —— decoy. following a bbc freedom of information request, in 2015, they used evidence from so—called paedophile hunters to charge suspects on 20 occasions. by 2017, that number had risen to 150, more than sevenfold increase injust that number had risen to 150, more than sevenfold increase in just two yea rs. than sevenfold increase in just two years. radita exposure says it rejects allegations of vigilantism. they are entrapping themselves. we do not start talking to them and sending vile messages, rude pictures. police say so-called paedophile hunters are taking risks they do not necessarily understand and could potentially disrupt a
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wider undercover investigation but with more evidence being used to bring perpetrators to justice, with more evidence being used to bring perpetrators tojustice, it with more evidence being used to bring perpetrators to justice, it is unlikely they will give up that quest to expose more online predators soon. this is the briefing from bbc news. the headlines: washington is planning a "forceful" response to the suspected chemical attack in the syrian city of douma at the weekend. moscow warned that any action against its syrian ally would have "grave repercussions". the fbi's raided the offices of president trump's personal lawyer, michael cohen. officers said they were acting on a referral from the head of the investigation into russian meddling in the 2016 election. now it is time to look at the stories that are making the headlines in media across the world. we begin with the times that reports on how uk prime minister theresa may is under pressure from ministers and allies to join a possible us—led military strike against the
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assad regime in syria in response to the alleged chemical attack. the financial times looks at how the syria conflict and us sanctions have resulted in russian stocks suffering their worst session in four years. that was on monday. vice news is reporting that donald trump has slammed the fbi raid on his lawyer, michael cohen, and is once again floating the idea of firing special counsel robert mueller. the daily mirror leads with the story of the nearly 130 premier league football stars

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