tv Business Briefing BBC News July 24, 2018 5:30am-5:46am BST
5:30 am
this is the business briefing. a successful search earnings. google‘s pa rent successful search earnings. google‘s parent company successful search earnings. google‘s pa rent com pa ny posts better—than—expected results. starts a new investigation after a vaccine scandal. and on the markets, in asia, some shares seem to get a bit of a boost from news that beijing would adopt a more vigorous fiscal policy including company tax cuts. those google shares rising to add a little bit of interest. google‘s parent company has posted better—than—expected earnings. alphabet revenues rose 26%. that is
5:31 am
being driven by strong advertising demand. and the news that the company shares this comes days after google was given a record fine by the european union commission for abusing its market position. alphabet chose to include the $5 billion fine in its latest results. it's got 90 days to comply with specific demands or face further penalties. the firm has cash reserves of $135 billion and can easily afford to pay the fine. it says it will appeal the decision. despite its recent negative press, look at that, very little knock—on effect on the share price. even before these latest results, the share price had gone up more than 5% in the last month from below. james
5:32 am
erskine from social circle of hornsby now. despite these fines, despite the instruction for google to change the way it uses its android operating system, the investors are still happy. you look at these results and it's a massive great big number. it's a slightly less big number. they are choosing to show that. they are appealing. their evaluation shows it should be the first company. it's incredible. when you drill down into more of the date, so that 32 points, 86% of that is down to their advertising products. they are all
5:33 am
big numbers. it's only when you really get into the detail, we haven't seen much of a reliance on it. it's interesting that some of the other vets, future—proofing itself to the internet. the self driving car, waymo. waymo has always been a research and development bid. there was a statistic i read that shocked me a bit. something like 8 million commercial miles. that's on
5:34 am
real roads. you are right, there are different bits. google is beyond failure. they had picasa a few years ago. they have google plus. it's funny because here at macro —— at social circle with heard of it. we see youtube doing other things. one of the other things about the reports that was fascinating is payments to mobile operators, to have their ads placed or mobile ads placed in more and more places. those payments have increased by a quarter. though not afraid of spending money in order to generate effectively. a lot more money has been placed onto google search. 0nce you get beyond the big numbers,. you've got to spend money to make
5:35 am
money. china's president xijinping has demanded an investigation after a scandal over vaccines produced by the country's second biggest pharmaceutical firm. ricohjoins us from our ricoh joins us from our asia business up. what more do you know about this? this scandal and the investigation combined seen the stock prices of major pharmaceutical companies falling this week after one of the country's latest vaccine manufacturers was found to have falsified records and distributed 250,000 faulty vaccines for children. the name of this company is changsheng industrial and it's
5:36 am
the second scandal involving the company. they delivered substandard vaccine for whooping cough and tetanus. changsheng which produces about 23% of china's vaccines was fined more than half a million us dollars and ordered to stop all vaccine production and recalled flawed doses. investigators are looking into whether they should file criminal charges. the latest incident has reignited long—held fears over fake medicine. incident has reignited long—held fears overfake medicine. in 2008, 300,000 people came unwell after digging contaminated milk formula. hopeful of —— hopefully, chinese authorities will go to fix it sooner rather than later. now let's brief you on some
5:37 am
other business stories. the uk govenment is planning sweeping new powers to scrutinise foreign takeovers on national security grounds. the new measures are expected to see authorities review 50 deals a year. over the past two years they've examined just one takeover a year on grounds of security. the international monetary fund is warning that inflation in venezuela could hit a million per cent by the end of this year. it also says that the country's economic crisis will have an increasing impact on neighbouring nations. it warns that the situation in venezuela is similar to that of germany in 1923 or zimbabwe in the late 2000s. every year more than 200,000 tourists visit india's thar desert, in the country's northwest region. for many, the desert dunes and sweeping vistas offer the adventure of a lifetime. but this is no ordinary camping trip.
5:38 am
many travellers are part of a new trend combining modern comforts with the great outdoors, a sort of glamourous camping known as glamping. we look at how one business is turning a profit by setting up a luxurious adventure experience. the bbc‘s devina gupta reports from jaisalmer. rocky terrain and hot sun in the indian desert is not exactly a dream holiday for many but these upscale safari tents injaisalmer are attracting tourists to camp here with the promise of glamorous camping, also known as glamping. translation: i thought to develop this as a resort with a concept, that guests should have traditional indian experiences with the natural desert environment so we haven't developed a green garden because tourists want to see the desert. right now we have 226 tents with ac
5:39 am
and oil filter radiators for extreme winters. camel rides and jeep safaris are used to inspire romance and adventure. in here, at this camp, it's also an effort to recreate an old charm, a world where there were no cars and only this was the mode of transport. i must admit, it's a very royal feeling, riding this camel. besides an escape from reality, this camp looks to attract domestic tourists. indian families with higher incomes are willing to pay top dollar for unique experiences. for my children, i came for the purpose of showing them the rich culture of rajasthan, the palaces and the forts which they have always been only reading in the books. this particular experiences of riding on a camel in the desert, which i had always been telling about my experience here, so i wanted the children also to have the same experience. but it is expensive to set up a camp in the desert.
5:40 am
it took two years to install running water and electricity. moreover, top—tier tourists only come during the cold season, which lasts five months a year. at $300 a night, a stay in resort like isn't exactly cheap but for these glampers, the experience is worth the cost. devina gupta, bbc news, rajasthan. up next, newsbriefing. the number of antidepressant prescriptions for children is on the rise. figures obtained by bbc show arise across england, scotland and northern ireland in the past three years. the steepest increase was seen
5:41 am
in the youngest patients, those aged 12 and under, where the number of prescriptions rose on average by 24%. 0ur correspondent paul connelly has all the details. antidepressants can have a powerful and positive impact for people suffering from mental health issues and a bbc investigation conducted by radio 4 has discovered that in britain, more children than ever before are being described the drugs. the figures were obtained by freedom of information requests and relate to a group of antidepressants known as selective serotonin reu pta ke known as selective serotonin reuptake inhibitors or ssris. they show that in england, over the past three years, there was a 15% rise in the number of these antidepressants prescribed to under—18s. in
5:42 am
scotland, a 10% rise while in northern ireland, the number rose by 6% and there were 950,000 prescription items between april 2015 and march 200018. prescription items between april 2015 and march 2000 18. this is a very stressful time the young people with the pressures of social media and some distressing news articles around at the moment, we need to remember that young people have a lot of pressures on their well—being and it's a positive thing if young people are stepping forward and asking for help with mental health. the department of health in england say they have pledged £1.7 billion to transform child and adolescent mental health services while both northern ireland and scotland say it isa northern ireland and scotland say it is a priority issue and they are increasing funding. paul connolly, bbc news. coming up at 6am on breakfast dan walker and louise minchin will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines:
5:43 am
officials in greece say at least 20 people have been killed as deadly wildfires burn near the capital, athens. north korea appears to de dismantling part of a key rocket testing site in the north west of the country. exceeding expectations: google wracks up stellar earnings as it shrugs off a record eu fine. now it's time to look at the stories that are making the headlines in the media across the world. we begin with newsweek and recent satellite imagery that apparently shows north korea going through with the destruction of a major launch and rocket engine testing site. the new york times looks at how gop critics of us republicans who they say are obfuscating and undercutting efforts to uncover russian interference in us politics. the japan times reports on the country reaching it highest
5:44 am
ever recorded temperature. the mercury hit 41.1 in kumagaya, amid a deadly heat wave which is responsible for the deaths of at least a0 people. the ft says china's central bank has injected $74 billion into its financial system to help fortify aweakening domestic economy against the impact of an escalating trade war with the united states. and we stay in china for more lavish spending only this time for one lucky canine. border collie, sylar has been bought his own $500,000 house in an upmarket suburb of beijing equipped with an indoor swimming pool and two acre obstacle course. the gift comes as a thank you from his owner zhou tianxiao after youtube videos of sylar helped him launch a sucessful online dogfood and dogtoy business.
5:45 am
a child lives indeed. —— a charmed life. so let's begin. with me is andrew tuck who's editor of monocle, a global news and business magazine. we start with the story about north korea in newsweek. getting people will now change their tone and said donald trump was right to have that summit with kimjong—un, and this proves that? i don't think we should think of this as a negative development. it is a positive story and within the region it has been taken as a great sign. the japanese are happier. it is nine months since any rockets were fired in their
54 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on