tv Worklife BBC News February 3, 2020 8:30am-9:01am GMT
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this is worklife from bbc news, with ben bland and tim willcox. chinese markets plunge, despite the government pumping billions into the economy, to stem the fallout from the spread of coronavirus. live from london, that's our top story on monday the 3rd of february. measures by the chinese government to boost the economy have failed to staunch rising fears about the spread of the coronavirus. we'll head to singapore to discuss whether there's a spill—over effect on other markets. also in the programme: as the spread of the virus causes
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factories in china to shut down, we'll discuss the impact on global industrial supply chains. and india has released its latest budget. but despite a big injection of state funding for its agriculture sector, we'll find out why the stimulus fell short of expectations for many. and making a great impression with employers — we'll be getting the inside track on how to stand out from the crowd in a competitivejob market. and it's the 3rd of february — national sickie day in the uk. apparently. so we want to know — would you ever "pull a sickie" and if so, for what reason? let us know — just use the hashtag bbcworklife. hello and welcome to worklife. a warm welcome to the programme. a lot of you getting in touch with tweets on that national six—day story, some taking issue with the very notion of it and we will come
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to that later in the programme. we start in china where stocks and commodities have dropped sharply as trading resumed after a longer—than—usual lunar new year break. the slump comes despite moves by the chinese government to prop up its economy with a $22 billion dollar injection into its banking sector. meanwhile, the spread of the new coronavirus is causing more factory shutdowns. the effect on global industrial supply chains could lingerfor years. china's exports have grown enormously since the 2003 sars outbreak. in 2018, china exported $2.49 trillion worth of goods globally. in the city of wuhan, more than 300 of the world's top 500 companies now have a presence. firms like microsoft and siemens, as well as honda, renault, psa and gm carfactories. virtually all of the world's iphones are made in china, mostly by foxconn at sites
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in zhengzhou and near shanghai. foxconn has said its facilities in china remained closed for public holidays and would remain so until all businesses have resumed standard operating hours. china is the world's largest producer of active pharmaceutical ingredients, and has 15% of the world's facilities that manufacture active pharmaceutical ingredients for 370 essential drugs. those active pharmaceutical ingredients make drugs work. karishma vaswani is in singapore. it is interesting, wanted to pick up, you talked about putting billions of yuan into the economy, the reverse repo, as it has been described but there have been pretty brutal moments on the market, hasn't it? yes. in the first instance it is
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important to remind our audience that the reason why we have seen this collapse or this slump in chinese shares, at around 9%, bit of a recovery towards the end of the day, is because chinese investors we re day, is because chinese investors were playing catch up. this is the first time markets have opened since the coronavirus struck. it was expected they would fall this morning and chinese stock markets are also dominated by retail investors, by some estimates around 80% of the market is made up of them, very wealthy individuals. that also means they have a profound impact on market movement and what they're telling us with the sell off today, tim, is that they are scared. it isa today, tim, is that they are scared. it is a nuanced picture. it is not a case of every company's share crashing, it is a stock market divided by sectors for some shares in companies that sell health care products have actually gone up while companies that are in the real estate and construction sector have fallen quite dramatically, plus workers are not coming back to work
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yet. these falls came despite economic measures from the central bank, injecting billions of dollars into the economy as you just talked about, lowering some of those key interest rates. the big question i am hearing from analysts going forward is just how much worse the coronavirus will be for china's economy and that is how we will know, a result of that, on the fortu nes know, a result of that, on the fortunes of its companies and stock markets. thank you very much. with us now is dr mark parrish, regional medical director, at international sos, a global medical and travel security company. there is a travel advice for people certainly from the uk government advising against travelling to mainland china. people and businesses will have flights already booked and they may be tempted to 90, booked and they may be tempted to go, what is your advice? is it overly cautious to cancel?” go, what is your advice? is it overly cautious to cancel? i think they should assess the risks, most organisations will have a business continuity plan, risk plans, pandemic plans and they should
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assess the risk. travel to china is fine from a medical perspective apart from going to wuhan. the ability to get out and move around china and if restrictions increase and if they increase their quarantine areas. individuals are ok to travel but they need to be aware of simple hygiene precautions. the other problem is that wuhan is such a central hub, the population the size of london, sunny factories based there. if that is kept under quarantine, the knock—on effect of that will be pretty significant. quarantine, the knock—on effect of that will be pretty significantm is. we will see whether that quarantine has been effective in the next week or so. quarantine is put in place to try to stop people moving around and stop the spread of the disease in the disease has an incubation period of about two weeks and the quarantine happened about the 21st of january, we will see if it has been effective this week and we will see the numbers plateau off.
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cou ntera cted we will see the numbers plateau off. counteracted by the fact that many chinese travelled out of wuhan for chinese travelled out of wuhan for chinese new year and we are seeing outbreaks and cases popping up around china. how has that been managed? has around china. how has that been managed ? has there around china. how has that been managed? has there been any spread? we keep talking about people transmitting the virus as they move around. we know there are global supply chains of goods that are made in china and sent all over the world, is there any risk from goods that have come into contact with someone that have come into contact with someone who has got this or someone handling something who has coronavirus, could it be spread by goods transporting? it is unlikely. coronavirus don't live very long outside us all animals, they might live between 2a, 36 hours on a hard surface and easily trans—league treated with disinfectant. it is highly unlikely if you are packaging something in china the virus will p0p up something in china the virus will pop up somewhere else —— easily transmitted with disinfectant. masks are not as effective as people think they are. thank you very much. let's take a look at some of the other stories making the news. japanese car giant toyota
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and electronics firm panasonic have agreed to set up a joint venture specialising in prismatic electric vehicle batteries. the new company will develop batteries that will be available to any automaker, not limited to toyota vehicles. ryanair says it is not expecting delivery of its first boeing 737 max aircraft until as late as october. the budget airline says the delays would mean that it would miss its target to carry 200 million passengers a year by 202a. the planes were grounded following two deadly crashes that killed 346 people. rya nair reportedly has 135 of the planes on order from boeing. asia's biggest budget airline has denied allegations it was paid a bribe of $50million by planemaker airbus. it was paid a bribe of $50 million by planemaker airbus. airasia says it "vigorously rejects" claims it was paid to buy 180 planes from the european manufacturer. it comes after airbus agreed to pay $4 billion in fines to settle
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accusations of corruption. let's have a look at the markets. chinese equities on mainland markets plunged almost eight percent as nervous traders returned from their extended lunar new year break, hit by fears around coronavirus. and the economic impact of that. the steep losses led another sell—off across asia following a painful week for global markets. firms linked to tourism and travel were among the worst hit, the hang seng in hong kong rather more resilient, up just the hang seng in hong kong rather more resilient, upjust a shade. firms linked to tourism and travel were among the worst hit, with energy, telecoms and tech companies also well down. oil prices extended their losses, dragged down by worries about lower demand in china, the world's largest oil importer. the losses come as producers continue to boost output, while the cancellation of hundreds of flights in and out of china is also having a major impact.
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the sentiment across europe at the start of the trading session more positive but we will see if that lasts as the day continues. now to the us, where the country has had its biggest event in its sporting calendar — the super bowl. a 30 second advertising spot for the sunday's broadcast reportedly cost $5.6 million. samira hussain has more from new york. another super bowl sunday has come and gone and while it may be the biggest night for american football fans, many may have only tuned in to watch the adverts. advertising during the super bowl is notoriously costly and this year was no different. with a 30 second ad slot costing $5.6 million. that's an increase from last year, when a 30 second advert during the super bowl cost $5.3 million. companies that advertised for the first time during the game on sunday night include facebook, pizza chain little caesars, and the retail giant walmart.
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now, whether it was the sporting event itself, the half—time show, or the commercials that got you to watch, all that fun could have an impact on productivity. 0ne survey suggests more than 17 million workers are expected to skip work on monday, the day after the super bowl. time now for our daily look at some of the newspaper and website stories which have caught our eye. with me is cornelia meyer — ceo of mrl corporation. good to see you. good morning. the ba ftas good to see you. good morning. the baftas and a bit of controversy around the lack of diversity. it's every year. around the lack of diversity. it's every yea r. every around the lack of diversity. it's every year. every year and won yet there are maybe two diverse directors or actors who get nominated and actually get the prize and other than that, it's every year the same thing. joaquin phoenix, the winner of the best actor award, made a very strong speech. i felt that
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prince william actually had a very good balance in saying it is good work but we are in the 21st century. the tone was set by graham norton, the host, saying here we go, great success of white actor wins for the first time. you know, poking fun. it is, difficult to change the culture. iama is, difficult to change the culture. i am a member of bafta and i vote on these things and i am probably the worst person because i am white, middle aged, blah blah blah, whatever. but when you change that, how do you do that in an effective way and keep the integrity of the film appreciation and analysis? it's a bit like diversity in companies, right? you need to get... you need to nurture new directors, diverse actors, to give them the experience so they really have that epic, you know, performance. one thing i would say, in these baftas, the documentary for summer. it went on
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an important subject, this story of the female doctor who is in syria, aleppo, how she saw her daughter grow up it was touching when she received the award. so many children grow up in these crisis areas without education, without anything. that was important. in one case, at least, they did the right thing in terms of diversity. we could talk about this at great length. we need to move on to this other story. the number of people throwing sick days, and this is just number of people throwing sick days, and this isjust in number of people throwing sick days, and this is just in the number of people throwing sick days, and this isjust in the uk, almost 9 million last year, apparently, according to a survey. yeah. that's amazing. 60 million population and 9 million! 0ne sixth of the population is pulling a sick day. it depends if you are freelance or star. if you are freelance, you never take sick! and people do struggle on —— or
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staff. employers ask you not to do that as well. i would say that if you are that unhappy, you should leave. but i know that that comes from a position of privilege. because if you are that a single pa rent because if you are that a single parent that works three jobs and has three kids and needs all these three jobs, you can't do that. this article says there is a duty of care of employers towards their employees. there is something to that. it's notjust physical, it is mental, there is a big emphasis on mental, there is a big emphasis on mental stress problems at work. it's not clear, though, whether today is the national psyche day because another law firm says it is september 16. —— national sick day. since we take so many sick days we might have two! to put in context, this was a survey of 1250 working adults done over a week injanuary this year. what was perhaps more worrying about it was that 37% of respondents said they had gone into work despite actually feeling sick
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stop going in, spreading the germs and causing potentially greater problems for their business —— feeling sick. it also says that a lot of employers don't allow them to work from home. really, when somebody has the flu, please stay home and don't spread it to everybody. i would like to try that, pitching to work from home on this show, joining you from my sofa! it might bea show, joining you from my sofa! it might be a smoother ride! laughter a cup of tea in hand and my slippers on. thank you. lovely to see you. thank you. still to come — india has released its latest budget. but despite a big injection of state funding for its agriculture sector, we'll find out why the stimulus fell short of expectations for many. you're with worklife from bbc news. today marks the start of national apprentice week. parents and teachers are being asked
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to look beyond tired preconceptions surrounding apprenticeships. yes, according to new research, many people fear their child could be stuck doing menialjobs — like making the tea. kirstie donnelly is city & guilds group's interim ceo and joins us now. if these preconceptions and prejudices exist around apprenticeships, how do you change them? if you are only ever fed one diet, simplistic as that might be, you will only ever know one opportunity, which is why we see so many young people still believing that going to university is the only option when, of course, the plethora of apprenticeships that now exist, over 500 apprenticeship programmes, you can now go and become a cybersecurity apprentice with m15, for example. we need to be able to talk about these more openly in schools, with parents, have employers more engaged and involved to get the breadth and variety that now exists for people who want to do
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an apprenticeship. how does that work on some of the professions? you talked about law, teaching, things like that, but you still need the same qualifications, this isjust a way of starting actually on the coalfa ce as way of starting actually on the coalface as it were, but still doing all those qualifications, as you need to, as other people have done perhaps later on. you make an important point, the important point is that you are still actually training, you are still doing all the underpinning necessary on the job and off the job training. it is still a very rigorous programme. in some cases, some would say even more rigorous because you are having to cope with the combination of doing what you learn while you while you are also learning it. you are right, at the end of it, you are still being certified to be absolutely qualified and competent to take forward that particular role. very briefly, what makes a good apprenticeship for somebody who is trying to structure one? the underpinning, training, the off the
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job, the on thejob, the men touring in the workplace. 0ne job, the on thejob, the men touring in the workplace. one of the advantages for apprenticeships, young apprenticeships, they get the opportunity to work with older workers. —— the mentoring on the job. they see a different variety of how to work in the workplace, great experience all round. thank you very much. you can find more about the national apprentice week on our website. you're watching worklife. a reminder of our top story: markets have fallen and there has been a slump in the chinese markets, falling on the first day of trading ona falling on the first day of trading on a big sell—off on the first day of trading after the lunar new year. that is despite a big cash injection into the banking sector from the chinese government to try to stem fears around the spread of coronavirus.
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now, you may be on thejob hunt and have a great cv that ticks all the right boxes in terms of qualifications. but chances are, so will several other candidates. i'm not sure if i do, actually! what, then, can you do to stand out from the crowd? well, my guest, aidan cramer, says his platform, stride, can help you grab the employers' full attention. hejoins us now. how? welcome to the programme. a rather stern interview! we are used to it. thank you for having me. we are in the midst of a job market revolution, there is a great deal greater variety of opportunities available to young people than ever before and people are thinking about the world of work in a complete different way. technology is democratising access to opportunities in a way that simply was not possible five years ago. what are you doing? it has been described as tinder for recruiters. we have taken the job role described as tinder for recruiters. we have taken thejob role model and flip it on its head, you post a job you receive applications and we let
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candidate and recent graduates pitch themselves through video and digital profiles and we give employers the tools, smart algorithms and human touch to find the best matching talent in a fraction of the time. the problem is that when you are doing videos, surely, people are judging on appearance, they might not like the hairstyle, the way the person is dressing and actually there are then issues potentially of unconscious bias creeping in? you would be surprised the amount of unconscious bias comes across just looking for a candidate's paper cv. it isa looking for a candidate's paper cv. it is a lot easier to disregard someone it is a lot easier to disregard someone based on their name or their background but when you give candidates the ability to pitch themselves and you give everyone an equal opportunity to get in front of an employer, you remove that and give everyone an even footing. an employer, you remove that and give everyone an even footingm an employer, you remove that and give everyone an even footing. it is a competitive market. but everyone has got the same advantages. if you can has got the same advantages. if you ca n afford has got the same advantages. if you can afford to employ somebody, acv specialist, to help you, perhaps you will be better off than somebody who can't do that. exactly. that is why
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having an open platform that gives eve ryo ne having an open platform that gives everyone an equal footing leads to better hiring decisions. who pays who? employers pay us for access to our platform, our tools, who? employers pay us for access to our platform, ourtools, orfor making a successful hire, similar to a traditional agency. ifi making a successful hire, similar to a traditional agency. if i were an employer, especially a small business, why would i pay you to do it when i could reach people directly on the linkedin, facebook, so many people for free? linked in, the response out rate is about 10%, they are getting spammed by messages online and on our platform we have an 80% response rate because we do something quite unique, we pay candidates for their engagement, we are the first platform to pay candidates tojob are the first platform to pay candidates to job hunt and we saw our response rate go from 20% to 80% overnight and we have an incredibly engaged community. the time to hire is massively reduced. how long are the cv film snippets? a minute? 30
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seconds to a minute. it is a pitch? yes. amazing what you can tell from somebody in the first 30 seconds and hiring managers will tell you within the first 30 seconds of an interview they will know whether somebody will bea they will know whether somebody will be a good fit for their company's values and culture and we try to cut that down right up front. 30 seconds! my goodness! wow! gosh! thank you very much indeed. pleasure. we've found tim's 30 second... in a moment we'll run through some viewer responses to our twitter question. but first, let's turn to india, where the country has released its latest budget with a big injection of state funding for its agriculture sector — which provides the income for over half of india's population. but the stimulus fell short of expectations for many, as the bbc‘s arunoday mukharji reports. the indian finance minister holding the economic future of india for the next year. nirmala sitharaman's proposal
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to kick—start a slowing economy included investing almost $40 billion in agriculture and schemes to help farmers. and she was optimistic her budget would revive growth. we have estimated nominal growth of gdp for the year 2021 on the basis of trends available at 10%. the opposition wasn't convinced. this 25—year—old is sceptical, too. he runs a kitchen in delhi and has seen a 15% dip in business in the last two years because of the slowdown. while he was happy with the government's allocation of nearly $3.8 billion for overall commerce and development, including small and medium businesses like his, he had one concern. translation: until there is no money in the market, until there are no jobs, until people don't have the money to spend, it's tough. the government has to do
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something about job creation, else it's going to be difficult. this budget was a tough balancing act for the government. 0n the one hand, battling a massive fiscal deficit, on the other, promising to spend big on infrastructure projects to boost employment and increase consumption. the real challenge will be to raise adequate funds. the promises have been made but the real work for the government begins now to bring the economy back on track. arunoday mukharji, bbc news, delhi. you are watching worklife. if you have been watching since we came on air, we asked if he were guilty of pulling a sickie. and if so, what reason. let's take a look at how some viewers have responded. dan condon: i sometimes "pull a sickie" when i need to de—stress. my health is more important than work. i wonder what his employer thinks about that. people talk about taking sickie because they find work quite
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stressful, the mental and physical side. is it better to take a sickie rather than go in ill? mitch reed: you don't have to be physically ill to be ill. sometimes mentally you just can't face going in and you might need that day off for your own well being. i suppose if you take one or a week. i wouldn't regard that as pulling a sickie, a legitimate reason, mental health is as much a thing as physical health. a bit difficult to say i just physical health. a bit difficult to say ijust don't physical health. a bit difficult to say i just don't feel like physical health. a bit difficult to say ijust don't feel like it physical health. a bit difficult to say i just don't feel like it today. it's all how you phrase it, i suppose but it is awareness from employers and getting employers to accommodate that. mozzi: to apply for another job and go for the interview, best excuse, pull a sickie. sunset 0striches: just to have a break. no reason. have i said that correctly? must be afan of have i said that correctly? must be a fan of hostages. david said i didn't realise it was national
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sickie day, thejoke is on me because i am self—employed. and watching us. we are back tomorrow. that's it from worklife today. hi, there, good morning. it'll be a fairly windy day today, particularly so for the northern half of the uk, that's where you're closest to this area of low pressure. it's moving its way across scotland, look at the white lines there, closer together in the north than they are in the south, but in the south, we got another but in the south, we've got another weather system which will bring some clouds and outbreak of rain, that rain anywhere from the m4 corridor and south. the best of the sunshine today, north wales, northern parts of england and there will be some sunny spells in scotland and northern ireland but also some frequent showers moving in. maximum temperatures about 7 to 9 celsius in northern parts. 10 to 11, maybe 12 degrees across the south. through tonight, we'll continue with that rain in the south—east. it will finally clear away,
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but more showers in scotland and northern ireland, though, they will be of snow over the higher ground, but also the winds strengthen tonight. gusts of 60 to 75 miles an hour in the north and west of scotland. those sort of wind gusts have the potential to cause maybe a bit of disruption. there will be some travel issues, potentially, through tonight and the early part of tomorrow morning with those severe gales. but it's only scotland — it's also northern parts of england and northern ireland that will see those strong winds. the showers will continue through the rest of tonight, one or two showers moving their way into the midlands and southern areas as well. some clear spells and temperatures will get down to about to about 2 to 4r celsius. to about 2 to 4 celsius. during tuesday, we've still got some strong winds in the north and the east and this little weather system will sink its way south and eastward, that'll bring in some showers. a bit of a showery start across central and southern scotland, those showers push their way further south and east. lots of sunshine throughout the day on tuesday, especially especially towards the west, but still some fairly strong gusts of wind,
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up to 40, 50 miles an hour across scotland, northern parts of england and down to the south—east. temperatures on tuesday will be about 9, 10, maybe 11 degrees. into the middle part of the week, this area of high pressure becomes quite well—established and it'll settle things down during wednesday. but it will be a chilly start with some clear skies, those temperatures down to close to freezing, if not a bit below. we may also start off with some fog on wednesday morning, especially around central areas. that will lift up into low cloud and it may well stick around into the afternoon for some of us. away from that fog and cloud there will be some sunny spells, temperatures down a little bit to around 7 or 8 celsius. that's it from me. bye bye.
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you're watching bbc news at 9 with me, carrie gracie. the headlines. plans for fundamental changes to the system for dealing with convicted terrorists are to be announced by the government, following yesterday's attack on shoppers in south london. sudesh amman stabbed two people before he was shot dead by police. the 20—year—old had been released from prison recently, after serving half his sentence for terrorism offences. we for terrorism offences. have got to make sure that prisons we have got to make sure that prisons are not universities of crime. if people have been convicted ofa crime. if people have been convicted of a terror offence, that they become more radicalised. that means revisiting policies like cuts to present and privatising probation. china says it urgently needs protective medical equipment to help deal with the coronavirus outbreak, as the number of deaths
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