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tv   World Business Report  BBC News  March 10, 2017 5:30am-5:46am GMT

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this is bbc world news. the headlines: seven people have been the south korean president has been stripped of her powers after the country's constitutional court upheld her impeachment. park geun—hye could now face committal proceedings and there will be in actions within two months. seven people have been injured by a man with an attempt three to —— with an axe to train station in dusseldorf. the man from yugoslavia, with a history of mental problems, then jumped off an overpass. german police have detained a 19—year—old man after the murder of a nine—year—old boy. police have also recovered a second body. the suspect is thought to have posted videos of the killing on the internet. more american states have challenged residence trump's travel ban on migrants from mainly muslim countries. whiley has beenjoined by new york, massachusetts and oregon in arguing that it is
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unconstitutional. —— hawaii. now for the latest financial news with jamie and world business report. clearing the air. volkswagen to plead guilty to us fraud charges as it tries to put dieselgate behind it. plus, we send a trillion a day — but could social media soon consign them to the recycle bin? we celebrate 25 years of the email attachment. welcome to world business report. we start in detroit in the usa, where in a few hours time volkswagen is due to plead guilty to charges of fraud and obstruction ofjustice by cheating diesel emissions tests. the formal plea will draw a line under the us side of the scandal, following a plea bargain
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reached in january. but it's far from over. let's just remind you of the details. it follows a plea bargain reached in january. but it is far from over. vw has admitted 11 million vehicles worldwide had software installed to beat regulators checks on emissions. in some cases they were up to a0 times higher than the us legal limit. so far that's led to around $20 billion in settlements and fines in the us alone, where just half a million of the cheating diesels were sold. but the vast majority, 8 million, were sold here in europe. this week the european commission agreed to oversee action from 22 different consumer protection authorities in the region. so there could be another huge compensation bill on the way.
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meanwhile, vw is working on reinventing itself for the future by investing in electric and self—driving cars. today it's also scheduled to unveil a partnership with indian carmaker tata, which will see the companies work together on vehicle development in one of the fastest—growing car markets in the world. at home in germany, the emissions scandal is posing some awkward questions for chancellor angela merkel. this week she had to testify before a parliamentary enquiry investigating if her government shielded volkswagen from regulators despite knowing the auto giant was carrying out emissions cheating. translation: we expect the german chancellor to explain how the ricky henderson industry scandal could arise here in germany, but was exposed in the us. —— how the biggest industry scandal. why did german authorities and the german
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government fail, and even turn a blind eye to the cause? that is what a lot of the witnesses we heard were saying. professor krish bhaskar is founder of the miru, motor industry research unit, at the university of east anglia. the united states, first. a line can be drawn underneath that? well, today, after the action in detroit, yes, we can draw a line under it. it is actually able great than $20 billion. the total possible liability is closer to $40 billion, which is much more than volkswagen had thought. will we find out the figure today? no, they will be court cases and settlements down the road. not everybody may claim a settlement. some settlements are our victory. so there is more to come in terms of the bill? $40 billion as the outside maximum. what about the eu? that the outside maximum. what about the eu ? that hasn't the outside maximum. what about the eu? that hasn't even really started. this is a new phase four volts
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wagon. before, they said we were guilty. now their attitude has changed. it is a new transformation, and new strategy, they are saying they are not guilty. they say they we re they are not guilty. they say they were within the european test parameters, they met official regulators. they are claiming they are not guilty. is that because the tests in america were different to the eu? yes, they are different, but i think realistically locks wagon cannot take the financial penalty of another $40 billion. —— volkswagen. will the eu press ahead with these 22 regulations at the moment, heading towards taking action? is it going to be a big fight?” heading towards taking action? is it going to be a big fight? i think it is going to be a big fight. this time, vw is not going to lie over backwards. it is going to fight, it is going to fight each individual claim. andi is going to fight each individual claim. and i think it has the german government on its side. opel is
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gone, which was one german carmaker. it only has vw as its single volume carmaker. i think volkswagen will fight, fight strongly, and i think they are going to contest everything with all their power. what is extraordinary is this company, which at one point we really began to question it very seriously, question its future, it is now back at the top. it is still the biggest car company in the world again. yes, it is. this is a remarkable transformation. if it can succeed in not settling in europe or in the rest of the world, it has a cash mountain which it is investing in its new strategy, transform 2025, in which it is investing in its ratification process where it will have lots of electric cars. thank you. also this friday, are you old enough to remember using a fax machine — or even sending a document in the post? 25 years ago today all that came to an end with the first ever email attachment.
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we now send around a trillion of them a day — from simple documents to pictures to videos. but could their days be numbered too? rory cellan—jones reports. remember the old days, when if you wa nted remember the old days, when if you wanted to send somebody a document oi’ wanted to send somebody a document or some photographs you had to put them in the post? or perhaps wrestle with the office fax machine. well, all of that changed in 1992 with the invention of something wonderful, the email attachment. here is the first one, from the coinventor, nathaniel boris stine. a picture of a barbershop quartet, along with an audiophile of them singing about email. # let me sing you email, now that we... mine stands a multipurpose internet extension, the system that
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allows us to send attachments. we have gone on to send quite a lot of them. i trillion each day, in fact. photos, documents, videos. with those attachments come dangers. i have an email from the security expert graham clooney, and it looks like he has attached a video. rory, watch out. number one method by which hackers break into computers is through an email attachment. they disguise there email attachments to pretend to be something sexy, or a bill from a well—known online company, or a failed delivery of a parcel to your home. sober way of unsolicited email attachments or you could become the victim of a hack. —— so could become the victim of a hack. —— so beware. could become the victim of a hack. -- so beware. there are all sorts of other ways of sending attachments, whether it is facebook, messenger, what's up or twitter. i am trying to get in touch with sue black. hello. email attachments, those so 20th century. i love using twitter, facebook, instagram, snapchat, anything but email. so is our attachments to attachments about to
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fade? let's hear from attachments to attachments about to fade? let's hearfrom the inventor, nathaniel. hello, rory. 25 years ago i sent what is usually called the first email attachment, featuring my barbershop quartet singing "let me send you email", which is still on my website. my goal was to save trees and other resources, but i also imagine some day getting pictures of my grandchildren by email. nathaniel says his job today is making sure email attachments are safe. so let's send him a few back. # happy birthday, email attachment inventor! to asia now, where as you've been hearing, south korea's president park geun—hye is to be removed from office after a constitutional court confirmed the impeachment imposed on her last year amid a corruption scandal. as you can see here, there have been clashes between her opponents and supporters on the streets of the capital seoul. so how are markets reacting?
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well, that is the unusual thing. they barely reacted. south korea's sharemarket, after that decision came out of the court, upholding the decision to impeach, in and of salim fa ct, decision to impeach, in and of salim fact, by the constitutional court, the sharemarket daily moved. —— unanimously, in fact. the sharemarket daily moved. —— unanimously, infact. it the sharemarket daily moved. —— unanimously, in fact. it moved up, slightly, and the won also went up slightly. the benchmark index moved up slightly. the benchmark index moved up slightly as well. it is actually continuing higher at the moment. the won was pretty much unchanged against the us dollar. it did briefly touched its lowest intraday level, but that was early in the session. the way most experts are looking but this is the fact that political turmoil seems to be a
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fairly regular feature on the korean penneshaw, whichjust fairly regular feature on the korean penneshaw, which just saw a missile launch from the north as well. this type of instability is quite common and tends to be shrugged off. sharanjit leyl, thank you. houses have "earned" more money than their owners over the last two years in almost a third of the uk. according to a report by the lender halifax, average house prices have increased by more than the average employee earned in 31% of local authority districts. a quick look at the markets before i go. the nikkei up, largely because of the weak yen against the us dollar. we will explore later on. britain's aid programme in libya could be harming vulnerable migrants, according to a new report. the independent commission for aid impact said there was a risk that britain's support was leading to more migrants being detained
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and denied a right to asylum. here's our diplomatic correspondent james landale. last year some 180,000 migrants and refugees made the perilous crossing from libya to italy. almost 5000 died in the attempt. hundreds of thousands of others remain trapped in libya. britain's aid programme here is modest, about £9 million. but it supports the libyan coastguard and provide humanitarian support for migrants held in detention centres. but the independent commission on aid impact, which monitors uk aid spending, has concluded that uk age could be causing unintentional harm. the watchdog says that while saving lives at sea is vital, there is a risk that supporting the coastguard means more migrants and refugees are
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returned to indiscriminate and indefinite detention. and when they are the detention centres, the commission says the refugees there are denied any chance of claiming asylum, something that is not recognised in libya, and they are also vulnerable to extortion and people trafficking by libyan officials. the international development department said it had considered the potential harm of any aid, but insisted it protected migrants' human rights and improve their conditions. it added that since may 2015, british vessels had saved more than 30,000 lives in the mediterranean. coming up at six o'clock on bbc brea kfast, coming up at six o'clock on bbc breakfast, charlie stapleton sally nugent will have all of the day's news, business and sport. they will also have more on the latest row over education funding in schools across the uk. a leading teaching union has warned budget pressures are driving up class sizes and causing them to cancel things like school trips. i'm ben bland.
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the top stories this hour: south korea's highest court has upheld the impeachment of the president, park geun—hye, removing herfrom office. there've been clashes on the streets of the capital between her supporters and opponents, and two people are reported to have died. she's accused of bribery and abuse of power and will face a criminal trial. a new election must be held within 60 days. seven people have been injured in an attack at the main train station in the german city of duesseldorf. police say a man from the former yugoslavia with a history of mental problems assaulted commuters with an axe before jumping off a nearby overpass. there've been more legal challenges to president trump's second attempt to ban migrants from six mainly—muslim countries. a day after hawaii launched the first lawsuit, washington state is also filing its own motion with the states of new york, massachusetts, and oregon, joining its suit. now it is time for our news review.
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we begin the bbc website and the breaking news south korea's highest court has upheld a decision by parliament to remove the country's president, park geun—hye, from office. she's been embroiled in a corruption scandal, involving a close friend. the decision means ms park will be stripped of her immunity against prosecution. the gulf news leads with the united states confirming its biggest deployment yet of forces on the ground in syria to fight against so—called islamic state. several hundred marines have been sent to support an allied local force aiming to capture the is stronghold of raqqa. the ft says new york and london are locked

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