tv World Business Report BBC News October 5, 2017 5:30am-5:46am BST
this is bbc world news, the headlines. the fbi has been questioning the girlfriend of the las vegas gunman — who was in the philippines during the massacre. marilou danley insists she had no idea what stephen paddock was planning. police now say it's unlikely he acted alone, and it appears he intended to survive. president trump has visited las vegas — to offer his support and thank the emergency services. he said "america is truly a nation in mourning" for the mass killings that left 58 dead and nearly 500 injured. the spanish government has rejected a call by the catalan leader for mediation over the region's demands for independence — from carles puigdemont. the weekend's referendum has been declared unlawful by the european —— politicians in madrid say they will not accept "blackmail" from carles puigdemont. the weekend's referendum has been declared unlawful by the european commission.
afghanistan's president ashraf ghani has told the bbc that a ‘corner has been turned' and the security situation in his country is improving. now it's time for world business report. catalan catastrophe looms for spain — as it risks the loss of a 200 billion euro economy — and a quarter of its exports and tourists. plus — it's a giant of the internet — but a minnow in the world of mobile phones. can google‘s new pixel device change that? we take a closer look.. welcome to world business report. i'm sally bundock. also coming up — business leaders are gathering in delhi for the world economic forum — we'll be going live to our correspondent there. but first. we start in spain where the region of catalonia is threatening to declare independence on monday, after holding its banned referendum
at the weekend. behind the push for independence is — among other things — the feeling among many catalans the region doesn't get a fair deal given its huge economic importance to spain. so how important is it? catalonia's economy was worth 212 billion euros in 2016 — the highest gdp out of all the regions in spain. in fact it's a bigger economy than portugal, greece, the czech republic or many other smaller eu countries. it works out about 17% of the entire spanish economy. but in terms of exports it's even more important. at 65 billion euros in 2016 — catalonia accounts for well over a quarter of all spanish exports. its location on the mediterranean mean it's a vital port area for spain.
it's also hugely important for tourism — 18 million foreigners visited catalonia last year — almost a quarter of all trips to spain it's not all good news financially though — catalonia is the most indebted of all the spanish regions — debt has tripled since 2008 and is now at 35% of gdp. as you have been hearing — the catalan president has called for mediation with the spanish government — which the government has rejected saying it won't give in to blackmail. "my government will not in any way alter its commitment to peace and calm but at the same time we will be firm to do the things we need to do. due to this, i will say it again, this moment calls for mediation. we have received various offers in the last hours and we will receive more. all of them know i am ready to start a mediation process. i will repeat it as many times as necessary: peace, dialogue and agreement are part
of the political culture of our people. however, the state has not given any positive answer to those offers that are on the table at this moment." stephen brown is from capital economics. we have outlined how important catalonia is in terms of economics but is it realistic that it could go it alone? it has industry, financial services, tourism is strong. the problem, as you were mentioning, there is a high debt load. some investors will question whether the government which has a reputation for not being greatly finances, could actually manage that problem going forward and we have to ask how we would get to that situation. eu membership, membership with other international organisations, it will bea international organisations, it will be a key question on investors‘ mines. we were hearing the catalan
president and the government in madrid, in terms of how they may resolve this, what you think could be on the table? more devolved powers? we saw a lot of devolution up powers? we saw a lot of devolution up until the early to thousands. 0ne option would be to get the catalan region more fiscal autonomy, for instance. at the moment, income tax and sales tax are raised through the central government. it gets to control its own fiscal revenues and spending. what could that mean for the other regions in spain? presumably, they could lose out if less of the money being generated in cata la n less of the money being generated in catalan would be going to the rest of spain. catalan is a net contributor to the spanish jet so if that money was gone, the rest of the region would have to find more money if they were to spend at the current
levels. in the meantime, how was this affecting businesses and key industries in spain? how are they weathering this uncertainty? industries in spain? how are they weathering this uncertainty7m industries in spain? how are they weathering this uncertainty? it is worth highlighting again that this isa worth highlighting again that this is a political crisis and there was a long way to go before it turned into an economic crisis. we are seeing things already a fact... we saw the strikes. we also have questions about uncertainty. if you area questions about uncertainty. if you are a business in catalonia, give maybe questioning whether you should continue. that could lead to lower growth in the future. sounds familiar. thank you for coming in and giving your take. we will discuss in a bit more detail later. we are also looking at google. it dominates internet search — and together with facebook controls most of the online advertising market — worth billions of dollars a month. but in the ultra competitive world of smartphones — compared with apple and samsung it‘s a mere minnow. google hopes its latest pixel devices will change all that —
our technology correspondent rory cellanjones has been taking a look. last year, google brought out its first branded as smart phone. now, we have got pixel two. the screen looks bigger, it goes further to the edgein looks bigger, it goes further to the edge in basically the same real estate. the other key thing, right at the heart of google‘s pixel phone is the smart assistant. now there is a quicker way to get to it. you can talk to it, you can tap on it and 110w talk to it, you can tap on it and now you can just squeeze the phone and it comes up. google, what is it so and it comes up. google, what is it so special about this? here are results from a search. google is no exception to claiming it has the best camera ever. it says it takes
amazing pictures. 0ne best camera ever. it says it takes amazing pictures. one feature they are boasting about is the ability to ta ke are boasting about is the ability to take a portrait with the background blurred, out of focus. the key thing here. because you can get this feature in a lot of phones these days, they are doing it with just one lens. they are using a lot of softwa re one lens. they are using a lot of software and machine learning to be able to do it with just one camera. let‘s give it ago. nice. that‘s better. what‘s the reason for not having to cameras on the back many phones? google says it gets more battery life and pack more in. but, one thing missing. you have to plug your headphones in here where you charge it. so, why does this matter? it is google saying it is determined finally to master hardware and combine it with software in the way
that apple has turned out with the iphone. 0ne sign, it spent over few weeks ago acquiring 2000 htc smart phone engineers. so far, the results are not stunning. 0.5% of the global smart phone market accounted for by the first pixel. they say they will do better second time around. let‘s go to india now — as we mentioned before it‘s hosting the world economic forum in delhi. devina gupta is there for us. nice to see you. this time last year, we were talking to you at the world economic forum. things have slowed down and give us a sense of the feeling of there this year. absolutely. last year, there was a feeling of optimism with businesses with india being touted as one of the brighter economic spots in the
asian region. now the third—largest economy has witnessed a slowdown of 5.796 economy has witnessed a slowdown of 5.7% and that‘s —— there is a mood of reflection as indian businessmen and global leaders come together because of two major policy decisions that we have seen from the indian government in the past year. the first has been in the cash ban. the first has been in the cash ban. the second one is a major tax reform of goods and services tax to create a single services tax. it has had an adverse impact because of we have seen adverse impact because of we have seenin adverse impact because of we have seen in the real estate sector and other sectors taking a big hit. as the leaders here meet, much of the focus will be which will be the next bright spot in the economy and where
can india lead in terms of a global impact. thank you for your time. i will be back in a moment. a police report is expected to be concluded today that there were grounds for questioning edward heath on child sexual abuse, had he still been alive. there will be findings published this morning. sir edward heath at the height of his power. his four—year 1970s government took britain into the european union. in his later years, he lived in this mansion in salisbury. he died 12 years ago. it was outside his gates that in 2015,
police made the highly controversial decision to ask anybody he might have sexually abused to give their accounts. i'm appealing to anybody who has been a victim of crime or a witness to anything that may have taken place witness to anything that may have ta ken place involving witness to anything that may have taken place involving sir ted heath. the bbc has been told a significant amount of people came forward and there would have been grounds for questioning the former prime minister based on the allegations of around seven people who say they we re around seven people who say they were abused. but there were inconsistencies in the accounts of the majority came —— who came forward. police will offer no final conclusion as to whether sue edward did abuse children. that, they say, will be for ad jury to decide. —— sir edward. his supporters are preparing a fierce assault on police and they say it is a witch—hunt. the police say they have simply gone where the evidence lead them. coming up at 6am on breakfast —
charlie stayt and naga munchetty will have all the day‘s news, business and sport. plus trying to find the solution to our plastic problem. the government is considering a deposit scheme to improve recycling rates. this as news that plastic has become a major problem. this is bbc news. the latest headlines: the fbi has been questioning the girlfriend of the las vegas gunman — who was in the philippines during the massacre. marilou danley insists she had no idea what stephen paddock was planning. police now say it‘s unlikely he acted alone, and it appears he intended to survive. the spanish government has rejected a call by the catalan leader for mediation over the region‘s demands for independence — politicians in madrid say they will not accept "blackmail" from carles puigdemont.
the weekend‘s referendum has been declared unlawful by the european commission. now it is time for our newspaper review. what‘s making headlines around the world ? the barcelona based la vanguardia online edition has extensive coverage and reaction to catalan‘s call for full independence from spain. the las vegas sun chronicles president trump‘s visit to the city after sunday‘s mass shooting. it reports stephen paddock rented several rooms at a downtown condo overlooking another musical festival in september. in the uk, the sun newspaper says after british prime minister theresa may suffered a series of mishaps during her speech at the conservative party conference. the daily telegraph headline — luckless may centre stage
in tragic farce. 0ne reviewer said "it was hard to watch—and it‘s going to be impossible to forget". the guardian financial pages has more detail on the eu ordering amazon to repay 250 million euros it says the online retailer received in illegal state aid from luxembourg. and the china daily reports on a company that is designing office services with no humans so no friendly cashier in the canteen or meeting room booker. with me is mark davies — ceo of strategy consultancy camberton. good morning. let‘s start