what could that mean for qantas?” because it usually has a stop. what could that mean for qantas?the idea. time—saving is something business travellers would value. what does it mean for the airline? they could charge a higher premium on the tickets. that comes with more energy efficiency and fuel efficiency. that has to come together. if they can do this, i believe this could be a successful route. a 20 hour flight. i don't know if i want to do that. what does qantas need to do to stay competitive? what advice do you have? offering free meals on a 20 hourflight, have? offering free meals on a 20 hour flight, what could have? offering free meals on a 20 hourflight, what could drive success in the long—run is giving a premium across all of what the airline has to offer. that starts had been qantas, being a streelman. —— with being. —— australian. and what are the benefits do they have against middle eastern carriers etc? they have done this in local routs, donating food to food banks, spending money on carbon offset programmes. i think they need to improve a lot on that. speaking t

let's stay on qantas as she mentioned.n, eating estimates, it from its previous record, the airline announced a plan to buy back to $94 million of shares and perhaps nonstop direct on a four hour flights to sydney and london and new york. joining us is ceo alan joyce. great to have you back on our program. we will get to this sexy news headline about the direct flight to new york and london in a moment but i wanted to talk to you about the international business first. the second half revenue was down about 2%. what is going on with the international side? were seeing a lot of capacity being added in the first half of the financial year, which the present yield some risk. that moderated in the second half and we are seeing the trend continuing. what is great to see is that the international business had the second-best result in its history. it's great to see it is outperforming all of its peers singapore,on, virgin. what we are seeing is significant benefits to come from the entry of the 787 in october of this year and we

not surprisingly, qantas shares have been rising today. series on the business of death, looking at the financial issues raised by aging populations around the world. benjamin franklin famously said nothing is certain "except death and taxes." in many countries inheritance tax or death taxes are an absolute certainty. but in others, like israel, australia and sweden, the tax has been abolished. is it good for the economy, a fair way of redistributing wealth — or a final injustice? we get the views of two uk tax experts. i would say that yes, it is good for the economy. it puts money into the treasury, which obviously pays for various things, including various necessities. but inheritance tax also has an inbuilt protection for businesses. good points. i don't think eventually raises much money. that quarter to 0.5% of gdp, it is a few billion pounds. at the moment it isa few billion pounds. at the moment it is a chance tax. it is only those people who do not have the knowledge or the large enough state to pay for the accountants, lawyers an

all allen joins us from the qantas campus to break down these earnings. the result third not too bad, 1.4 billion australian dollars each estimates. another dividend for shareholders of seven cents, backing up the dividends last year for the same amount. mentioned, a bit of a bright spot on the asx, rising just under 2%, but look at this chart, 6824. hascan see how qantas outperformed the asx over the ,ast 12 months, shares up 73% the best performer on the bloomberg world airlines index. i have been coming down here for five years now and remember when alan joyce was in the neck of what he called the transformation program. it seems all of that has been now andd -- validated qantas has confirmed they will continue to return cash to shareholders. >> we have said we have a range we are comfortable with between $4.8 billion and $6 billion. it is now $5.2 billion. we have been clear on our capital expenditure over the surplus years, and any cash above that will be distributed to shareholders. to getantas lost a lot to this point, but the staff there remain ha

qantas has posted blockbuster results today, despite cut—throat competition.his is how the european markets look at the start of the trading day, investors around the world will look to the meeting of the world's central bank happening in wyoming. slowing demand for the latest smartphones. our own technological guru rory cellan—jones will be with us. guru rory cellan—jones will be with us. it's announced self driving lorries will be tested on uk roads, so we lorries will be tested on uk roads, so we ask if you would be happy driving next to a 44 tonne d riverless driving next to a 44 tonne driverless juggernaut. driving next to a 44 tonne driverlessjuggernaut. use the hashtag to get in touch. some tweets coming in, one viewer says it's terrifying but exciting, the thought of driving next to a d riverless the thought of driving next to a driverless truck. a court in south korea has found the heir to the samsung empire guilty of bribery, embezzlement and perjury. jay y lee, the de facto head of the $300 billion business empire — and grandson of the founder — has

turnaround strategy is paying off and it aims to make another 3$350 million in savings each year qantas confirmed plans to offer the world's longest flight between sydney and london by 2022 i read this could be about 20 hours. i do not want to be on that plane unless it's first or business e-mail the show. let me know whether you want to be on that 20-hour journey the address is streetsignseurope@cnbc.com and of course you can find us on twitter, streetsignseurope@cnbc, that's the handle. tweet me directly @carolincnbc >>> still coming up, kansas city fed president esther george says the central bank is well set up for a rate hike. we'll have plenty more from jackson hole and plenty of discussion in the studio after this short break did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. get fast internet an

near record profits for qantas this year despite cut—throat competition.oss says it's a vindication of his turnaround plan. hello, and welcome to bbc news. there were sensational scenes in thailand when the supreme court was forced to postpone its verdict in the trial of the former prime minister, yingluck shinawatra, after she failed to appear in court. thejudges in bangkok then issued a warrant for her arrest, saying they didn't believe her claim to be ill. her lawyer says she might not even be in the country. ms yingluck faces up to 10 years injail in a criminal negligence case focused on a rice subsidy scheme. we can speak to karishma vaswani, who joins us from bangkok. we'll come back to that story in a moment. forecasters in the united states are expecting a major hurricane to hit the coast of louisiana and texas on friday night. hurricane harvey has sustained winds of up to 140km/h. they're expected to get even stronger. it's exactly 12 years since hurricane katrina hit the same area, causing huge loss of life and widespread damage. bill hayton repo

qantas coming through with it for your profit.is also announcing a stock buyback with a share price of -- a share price up of almost 4%. we are talking as we await the verdict of samsung --heir. even though we have seen samsung shares all today as much as 3%, investors are still favoring. this is the white line. though president moon is trying to break up these tables and reform the country i'm investors are still favoring these big company names. samsung still doing well. manus: thank you very much. tothe central bank forum, fed officials offered opposing views on the inflation debate. another rate hike is said to be feasible this year. kaplan calls for patients. >> -- calls for petience. >> you have to understand that historic cyclical forces and the models that would have suggested be hase impact would been offset by new forces. think those are having an immediate effect on inflation. manus: mario draghi and janet yellen will deliver their speeches today to investors. now is kathleen hays. thank you for staying up silly. -- sta

qantas challenging boeing and airbus making new models able to fly the longest route in the world, they20 hours nonstop from sydney to london in 18 hours nonstop from -- qantas hopes the new version will let it do that. microsoft says the new xbox is the fastest selling xbox preorder ever. no numbers were released. the console costs a dollar shy of $500 and microsoft is billing it as the world's most powerful console. the xbox will launch in stores on november -- ♪ let's stick with technology. samsung billionaire vice-chairman now facing five years in prison, the south korean court imposing the sentence after finding he -- him guilty of bribery. does it raise doubts about whether he will return to samsung, which is grandfather founded. quite a break from the past. >> one of the harshest sentences we have seen. samsung is not just a phone, a 60 unit company who makes up 20% of gdp in south korea. we have seen close ties between political leaders and business leaders. previously, business leaders convicted of corruption, his father, what have gotten off lightly. they would have been convi

and the weak wraps up with earnings from australia's qantas.h a representative of the london school of economics who says his focus on the annual meeting of central bankers in the us, and what the outcome could be for asia. for asian businesses, the cost of funds is important and my cost of funds would be very dependent on what the fed or ecb do. jackson hole is a coming together of central bank governments, as you have said. the economic backdrop right now is one of cautious optimism. no one is talking about disinflation any more so talking about disinflation any more so it looks like demand is picking up so it looks like demand is picking up at least sickly glee. so the question is one of assessing how sustainable is the current update —— cyclically. but if we see another rate hike, this will raise the cost offunding. rate hike, this will raise the cost of funding. it is a surgical operation and the surgeons are meeting in wyoming. it will raise the cost of funding. over to japan, which has one of the world's lowest start—up rates and an even

. >>> but happening now problems for qantas flyers in australia. flights from sydney to dallas and sydney to johannesburg landed safely. one had a problem with some flaps that were unable to retract, the other had a cracked windshield. no big deal on either one, no one hurt. >>> the casino industry has new rules for responsible gaming. dealers will be trained on how to spot compulsive gamblers along with underaged players. we're back in two minutes. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. we just want fast i

for edge of to safely build its foreign policy on what i think maybe it was taken somewhat out of qantas that this is not the the only foundation but the multitude of foundations of our foreign policy among them of course is that is based on principle and. stablished rules of international law and also relationships like that which we have with russia which is a story which is a very deep and multifaceted relationship with the western europe with our partners and you know live when you take one major cornerstone it's still somewhat the impact that the bill. of the building so if i may ask you more specifically how does the change in the administration affect your relationship with your foreign policy. we have. continued to force of this relationship with both democratic and republican administrations i think there is a. number of understandings and commonality in terms of strategic objectives that shelter the relationship from whatever. differences on issues can exist between any two governments but the foundations in terms of the relationship its strategic nature of the levels of cooper

qantas airline says it will offer the first ever direct flights from sydney to london by 2022, if airbus. shares in lender provident financial have risen for a third day in a row now following eir 66% plunge on tuesday.the company have said theyre going to shake up management so that‘s helped the stock recover considerably. that‘s all the business news. in an attempt to make theatre accessible for all, one company has created a production especially for children who are both deaf and blind. 0ur entertainment correspondent colin paterson was invited to a preview performance to find out how it works. samuel taylor coleridge‘s kubla khan, adapted into a 50—minute musical show for children who are deaf—blind. but how exactly do you create a production for young people who can‘t see or hear? well, if we can‘t relate to them by those senses, what other senses are there? there‘s scent, there‘s taste, there‘s touch, there‘s a sense of movement you have, the kinaesthetic sense, so we often use movable seating. and the cast of kubla khan aim to create a stately pleasure dome by interacting with th

a year ago, one piece cost 200 qantas, now it costs 300. the angola population is growing.n people. this will be essential to maintaining social stability in future elections. princes william and harry have been recalling the seven days between their mother's death and her funeral in a new bbc documentary. the princes describe how they were "numb and confused" when they first heard of their mother's death, and were grateful for the seclusion provided by balmoral castle in scotland. here's more of what the princes had to say to the bbc. when you have something so traumatic as the death of your mother when you are 15, as, sadly, many people have experienced... ..nobody wants to experience it. it leaves you, it can either make or break you. and i wouldn't let it break me. i wanted it to make me. i wanted her to be proud of the person i would become. i didn't want her worried or her legacy to be about, you know, william and/or harry, that we were devastated by it. that all the hard work and love and energy that she put into the world would go to waste. i think that one of the h

i think maybe it was taken somewhat out of qantas that this is not the the only foundation but there are a multitude the foundations of our foreign policy among them of course is that is based on principle and. stablished rules of international law and also relationships like that which we have with russia which is a story which is a very deep and multifaceted relationship with just a newer up with our partners and you know live when you take one major cornerstone it's still somewhat the impact that the bill. of the building so if i may ask you more specifically how does the change in the administration affect your relationship and your foreign policy well we have. continued to this relationship in both democratic and republican administrations i think there is a. number of understand things and commonality in terms of strategic objectives that shelter that relationship from whatever. this.

qantas falling over 6% today.ust showing growth will be steady, but diverting sentiment is emerging. correspondent is with me. >> it is a mixed picture. the chinese economy has stabilized and numbers have been ok, factory gate inflation has held steady for the last three months at 5.5% growth, but the trend tends to be disinflation. early indicators that we can look at, the standard chartered confidence index, higher, rising to a four-month high in august. three key sub gauges inside that index, current performance, three-month expectations, and credit conditions, all more positive. the china satellite manufacturing index. ats uses satellite imagery industrial sites, more than 1000 in china, to see the activity there. it rose to 51.2% in august. a little bit more pessimism, world economic sales manager index declined, but still in positive territory. there is a quote from the ceo of world economics basically saying the chinese economy is maintaining the recent level of momentum. however, sales managers are not opt

. -- qantas is one of the poorest performers.ng some of the store earnings we are seeing in the hong kong and china space. we are waiting for the four big banks that are reporting on wednesday. you can see them all on this chart. this redline is what you see here, the hang seng china enterprises it all four of the big banks trading below that index. also trading under price to book value. we're waiting to see if they return some strong dividends to shareholders like the energy companies have done. anna: juliette saly joining us there from singapore. the latest on what has been happening in houston. this landmark event, the storm to storm to hit the united states since 2004. they are dealing with incredible levels of flooding in the united city.'s fourth-largest we have a chart that shows houston gasoline spread flying. this is the into we are seeing at the guess market. this spread into something of a story for the us economy as a whole? a big test for president trump. brzeski.ng in carsten this a very specific story around the i

qantas airline says it will offer the first ever direct flights from sydney to london by 2022 — if airbusovident financial have risen for a third day in a row now following a 66% plunge on tuesday. the company have said they're going to shake up management so that's helped the stock recover considerably. on tuesday they issued a profit warning which prompted that plunge. wpp arent doing too well either — theyre a big advertising and marketing company. it reported big losses this week and saw 11% wiped of its share price on wednesday. florida state prison has executed the white supremacist mark james asay, the first white inmate put to death for killing a black man, since florida reinstated the death penalty in 1979. the lethal injection included a drug never used before in the us. asay was sentenced to death in 1988 for killing two men in separate incidents on the same day. police in northern india say at least 28 people have been killed in clashes after a self—styled, controversial religious leader was convicted of rape. gurmeet ram rahim singh, who claims to have millions of followers,

. >>> first happening now, problems for qantas flyers in australia.sydney to dallas and sydney to johannesburg both landed safely but one had a problem with flaps unable to retract. another a cracked windshield. luckily no one was hurt. >>> and the casino industry has new rules for responsible gaming. dealer also now be trained on how to spot compulsive gamblers along with underaged players. we'll be back here in just two minutes. in the bay... . . >>> welcome back on this friday before you head out the door we have your top stories "today in the bay." >> we begin with new details on that campbell carport fire we've been following since we came on air. at 4:30 this morning, take a look at what is left. these are live pictures from the scene. what is left of a lot of cars there. firefighters actually in the last few minutes confirm with us they've been investigating this as suspicious. 16 cars in total were destroyed or damaged as an overnight fire just tore through that carport. it's very close to the intersection of hamilton and baskham on april. no

qantas airline says it will offer the first ever direct flights from sydney to london by 2022 — if airbusres in lender provident financial have risen for a third day in a row now following a 66% plunge on tuesday. the company have said they're going to shake up management so that's helped the stock recover considerably. on tuesday they issued a profit warning which prompted that plunge. wpp aren't doing too well either — theyre a big advertising and marketing company. it reported big losses this week and saw 11% wiped of its share price on wednesday...it gained a bit back yesterday but its back down again today. it's a week since the terror attacks in barcelona and on the costa brava which killed 15 people. the initial unity between the spanish government in madrid and the autonomous government in catalonia, which wants to hold a referendum on independence in a month's time, has been replaced with finger—pointing — over which police force missed information about the terrorist plot. tom burridge reports from catalonia. still bustling. tourists and locals on las ramblas paying their respec

most of the time when you got other airlines like qantas, for instance, which last week was talking abouto new york, is this really the best time for china to look inward, when others are further expanding their international routes? >> now is the best time to expand, because the oil price chinese low, and people's disposable income is at a level where they tend to go abroad for travel. we can see the international capacity for chinese airlines is very high. on the other hand, for the chinese airlines, compared with singapore airlines are cathay there were losses in the past few quarters. there's a very strong domestic market. as well as the low oil price and and with important cities like beijing and shanghai. air china has the beijing to new , and they continue newun this line and with competitors, it's very difficult to enter the market. so clearly there's a case for international expansion. what about the airlines getting ,it by the geopolitical tension particularly flying into south korea with what is going on right now with the north korean headlines? there is an impact, but that is

qantas airways sliding today, losing over 6% this morning. a second pro by the banking regulator over its governance in addition to the probe underway from the securities regulator and financial crime agency. >> thank you. the movers in the market. as we talked about, cbs agreeing to buy 10 network, beating out a rival bid led by the key shareholder murdock. assets and the provide immediate financial support to keep it running. james thornhill joining us now. this was quite surprising, right? we heard that murdock and gordon were buying 10, so what happened here? >> you're right. that reports last week rupert murdoch son and bruce runnershere the front to acquire 10, which has been in administration since june. the problem was they ran foul of australian media ownership laws, which means you can only have one medium in any particular local market, and they were wakin waiting for parliament to change this loss which would allow them to progress. they couldn't in effect complete the deal, which allowed cbs to come in and snatched 10 from under

the sooner th just the soonest that qantas can get moving on anything is october -- the soonest thatt moving on anything is october. it will be very hard to get tax reform done, it will be very hard to get infrastructure done, just one of them, let alone both of them. this is not a good omen. julia: great to get your insight. that is it for "what'd you miss? is this a phone? or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can save. choose by the gig or unlimited. call or go to xfinitymobile.com introducing xfinity mobile. a new kind of network designed to save you money. washington and you are watching "bloomberg technology." thinking trump is vladimir putin for expelling or than 700 u.s. diplomats. speaking in new jersey today he said the administration has been trying to cut down payroll and putin may have done them a favor.

it is nice to belong to a political club -- i belong to the republican party and i belong to the qantas club, i was a bowling team member, i belong to things to but my oath -- i took an oath and my oath was to defend the constitution of the united states, not to defend my political club. so, you are right. it has a lot to do with public pressure and it's how the congress response doing its job even if the majority of the constituent say we will run someone against you or we will primary you. tough. if you can't stand that, don't take the oval office. don't promise to obey the constitution if you are not. we are not that far apart. >> i feel compelled to say that i belong to the federalist society but so far, dean, has it made me take an oath. [inaudible conversations] just to echo what you say. i think it is critically important that congress, as an institution, protect itself and its prerogatives in the government doesn't work unless it does. as i said during the last eight years when i was usually in disagreement with what the government was doing and in the eight years before that wh

into thailand by the kidneys the military forces the ocean provided support for qantas but it was. left to. and. of course who provided. support for the mujahideen in afghanistan and so this is nothing new. it's. an extra mark i mentioned. as the poor. kid. to be take to travel to the us for supporting us. with the desire to conceal the activities of being described by the syrian rebel defector regard than providing arms to some other style of the jihad groups. at the same time meet here at the media conference russia's foreign ministry spokesperson press is a military operation to drive everest's out of their areas on the time but it's period the lebanese military and hezbollah forces allowed the remaining on so fighters to leave the air. sparks criticism and washington let's get this further now with caleb maupin who joins us live from new york why has the u.s. reacted so furiously to lebanon's decision. well that's a very interesting question now we see that lebanon the government of lebanon and the hezbollah organization conducted joint anti-terrorism operations near their bord

qantas airline says it will offer the first ever direct flights from sydney to london by 2022 — if airbusets... whereas a profit warning earlier this week. bouncing around providence. that's the business news. it's one of the busiest motorway junctions in the country with more accidents than any other in england. but plans to improve the m25 atjunction ten at wisley could threaten a number of rare trees and plants. highways england says the upgrade will make the road safer but campaigners including alan titchmarsh are calling for british gardeners to take a stand against the plans. tim muffett is in wisley for us this morning. it's a fantastic spot here, the royal horticultural society's garden at wisley, in surrey. it's been here for more than 100 years. it is, though, situated, as you might be able to hear from the traffic, right next to the a3. and it is traffic and cars and vehicles which are at the heart of a row which is taking root in these historic gardens. close to here, works are being considered to improve a junction, which could potentially have an effect on many of the trees

qantas has posted blockbuster results today, despite cut—throat competition.