tv World Business Report BBC News January 10, 2017 5:30am-5:46am GMT
this is bbc world news, the headlines: donald trump has named his son—in—law as a senior white house adviser. democrats immediately called for a review ofjared kushner‘s appointment to the president—elect‘s team, citing nepotism laws and potential conflicts of interest. the funeral is taking place for iran's former president, akbar hashemi rafsanjani who died on sunday at the age of 82. mr rafsanjani left the presidency twenty years ago but was a leading moderate voice in iranian politics. more than 30 people have died as a cold snap from the arctic circle takes hold in central and eastern europe. charities are concerned for refugees crossing the continent on foot or living in informal settlements. the brazilian government has told the bbc that it intends to build hydro—electric dams across the amazon region. it says the controversial programme will boost the economy, but environmentalists say the plan will lead to more deforestation. the newspaper review after world
business report. handing on control of the world's biggest economy. as barack obama prepares to say goodbye we look at what he's done for america' financial health. the cost of china's raw materials is going up faster than it has for more than five years — wait for it — it's important because it could mean the rest of us — the rest of the world — paying more for the stuff they sell us? welcome to world business report. i'm aaron heslehurst. stay where you are i have about nine! nine minutes, it is all i am
asking for an eye promised to deliver an exciting snapshot of business. there are just a couple of weeks of barack obama's presidency remaining and later today he gives his big farewell speech. as well as being commander in chief he's also overseen the world's biggest economy for the last eight years. but what kind of legacy has he left? well more than 11 million more jobs have been added with the unemployment rate falling from 7.8% to 4.7% but what the typical american family brings home has barely changed at nearly $54,000 a year once you adjust for inflation pretty much the same as it has been for 20 years. and the economy has grown about 1.5% a year over the course of his presidency. it compares to about 2% under his predecessor george w bush.
one of the costs of that has been that us government debt has nearly doubled from $10 trillion to $20 trillion. from new york michelle fleury sent this report. wall street is left reeling from some of the biggest blows. it is a nightmare. bunker c bower louts and nine employment that peaked at 10% in 2009. when barack obama became president, he had seen were fighting the total collapse of the financial system. 15 million americans were out of work when he delivered his first state of the union address. people are out of work. they are hurting. they need our help and that is whyjobs must be our number one focus in 2010. perhaps his biggest
achievement, stopping the recession from turning into another great depression and it started with the rescue of a symbol of us industrial might stash the american car industry. some this investment banker remembers it well. he led the auto industry recovery. it was is in parsing that that in fact he made a decision that was unpopular but was clearly, in retrospect the right decision. if we had allowed those car companies to continue to liquidate, the loss of manyjobs at a time when the economy was ready losing so many jobs. government involvement did not end with the auto industry. an unprecedented amount of money was spent to stimulate the economy. $4 million made its way to the bronx community centre, saving 15 jobs. made its way to the bronx community centre, saving 15jobs. not everyone was a fan of the stimulus plan. we
were. we were great fans because it allowed us to really and hands our relations. under president obama, staggering 11 millionjobs have been created to stop while hiring has picked up, many of those positions are temporary or part—time, not the kind of work you can raise a family on which is why many people i spoke to were gloomy. do you feel more hopeful than eight years ago? so-so. prices are up and salaries remain the same. president obama has the longestjob the same. president obama has the longest job growth the same. president obama has the longestjob growth in history but many americans have forgotten what prosperity feels like. the challenge facing the incoming administration. good on you, michelle will stop
we've had some numbers out of china which show that the world's second biggest economy could be about to push up the prices of the things the rest of the world is buying from them. let's go to rico hizon whose in our asia business hub in singapore. leeson, people watching will be thinking how can china make us pay more? absolutely. even your socks, your shirts and suits could be more expensive by next week because with higher prices from the mainland at this could lead them to export inflation to nations around the world through its supply chain as manufacturers are squeezed by higher input costs and in turn raise asking prices, raw materials, anything because china explores a lot of things around the world and this could put pressure on monetary policies and lead to higher interest
rates. it could impact growth rates not only in asia but around the world which is ready been affected by the global economy. it is good news for the chinese economy because they may be turning the corner but whether that rebound in china will be sustained edges on how the global economy fares under a donald trump administration. watch this space. 2017 will be an important year for the chinese and us economy. thank you so much for explaining that. if the price is now up is ok if our wages go up. but that ain't going to happen on the bbc, i can tell you.
it is the cruise industry, 25 million people expected to cruise this year and million people expected to cruise this yearand an million people expected to cruise this year and an increasing number are from asia. 0ne this year and an increasing number are from asia. one of the biggest cruise liners, carnival, is hoping that will allow it to dock more profits... jj that will allow it to dock more profits... i] my producer wrote this, by the way, i did not. we caught up with the boss of carnival. take a look. a red carpet welcome for every guest. this is the seaborne encore docking in singapore for the very first time. cruising is still relatively new in asia, it is seen still relatively new in asia, it is seen as a still relatively new in asia, it is seen as a holiday for retirees and mass passengers are from the us, europe or australia. this chip according to the company that owns it is one of the most like sirius and it is on its maiden voyage to
asia—a massive market. china has become a particular focus, asia—a massive market. china has become a particularfocus, despite the fact that economic growth is slowing down. asia is a huge market and a large portion is an penetrated. china. some people estimate tourists in china could be the largest. plus the rest of asia is growing. australia is one of the fastest growing market, growing 20% a yearfor fastest growing market, growing 20% a year for many years. the youth field you have kind of missed the boat, so to speak a cunning into asia now? it is almost... it almost is not matter. you can produce so much capacity. even though thinks may be slowing, there are many, many people who can still cruise and will cruise who have not. but it has not
all been this —— smooth sailing. carnival was accused of washing its hands of the disaster and spent yea rs hands of the disaster and spent years trying to build back its reputation. we learnt something from it, examining it closer. we learnt from any incident that happens anywhere in the world. since that time we have advanced the number of safety systems on ships which we do ona safety systems on ships which we do on a continuous basis anyway. safety concerns did not appear to be dampening prospects, at least a dozen new ships are set to hit the sea this year and profits are soaring at finding new and younger passengers, willing to take a cruise is likely to be a challenge. it is the love boat all over again!
two prototype models of a highly—anticipated gaming laptop have been stolen at the consumer electronics show in las vegas. they belong to the gaming company razer and each has three 4k screens — its' the first portable laptop of its kind. razer said the devices were taken from its press room on sunday. and the chief executive min—liang tan said they were treating the case as "industrial espionage". don't forget you can get in touch with me and some of the team on twitter — i'm @bbcaaron concerns have been raised about the care of transgender prisoners, following four deaths in little more than a year atjails in england and wales. a report from the prisons and probation 0mbudsman says prison staff and managers need to be more proactive and flexible in the way they deal with inmates who've
changed their birth gender or are in the process of doing so. our home affairs correspondent — danny shaw — reports. the latest transgender prisoner to die in prison. she was found hanged in her cell 11 days ago. jenny was mailed by birth and was living as a woman. she was on remand at doncaster prison when she died. it isa doncaster prison when she died. it is a prison for men and an investigation has now begun. a report by the prison and probation 0mbudsman says that have been four deaths and since 2012 he has received 33 complaints about transgender equality. most cases related to transgender females held in prisons for men. concerns were highlighted after vicki thompson
died in november 2015 at leeds prisons. she identified as a female since the mid— teens. she told friends she would kill herself if she was sent to a men's prison. the 0mbudsman says too often when there are concerns about a transgender prisoner, they are segregated or place in a different area within the existing jail instead of being moved. in the past few months, the minister ofjustice has moved. in the past few months, the minister of justice has revised moved. in the past few months, the minister ofjustice has revised its finding to ensure the majority are dealt according to the gender they identify with. just a reminder — coming up at six o'clock on breakfast — dan walker and louise minchin will have all the day's news, business and sport. that's breakfast — on this channel — from six o'clock. no doubt you will hear more on the success of cloudy ranieri because of what he achieved with leicester. ——
claudio ranieri. the top stories this hour. donald trump has named his son—in—law as a senior white house adviser. democrats immediately called for a review ofjared kushner‘s appointment to the president—elect‘s team, citing nepotism laws and potential conflicts of interest. the funeral is taking place for iran's former president, akbar hashemi rafsanjani who died on sunday at the age of 82. mr rafsanjani left the presidency twenty years ago but was a leading moderate voice in iranian politics. the bbc‘s mohsen asgari is in tehran. they have taken part in this funeral. more than 30 people have died as a cold snap from the arctic circle takes hold in central and eastern europe. the brazilian government has told the bbc it intends to build hydro—electric dams across the amazon region. it says the programme will boost the economy, but environmentalists say it will lead to more deforestation. going to do the paper review without
the paper, what shall it is done. —— watch how it is done. 0n the front of the guardian, donald trump, has named his son—in—law to be a senior white house adviser. jared kushner will help formulate domestic and foreign policy, including trade deals and us policy in the middle east. we also have a picture of meryl streep at yeaterday‘s golden globes who used her life time achievement award speech to criticise trump. i know what you are talking about comedy don't have scripts. you big baby. the irish times leads with northern ireland where the province's power—sharing agreement is on the brink of collapse after sinn fein's martin mcguinness quit as deputy first