tv Business Briefing BBC News April 11, 2018 5:30am-5:46am BST
this is business briefing. i'm sally bundock. round two. the facebook boss gets ready for another grilling from us politicians after admitting his firm has made mistakes over privacy. president trump praises the chinese president's pledges over market reform and says there's been "great progress" in easing trade tensions. we'll get reaction from asia. and on the markets: it isa it is a mixed picture and traders don't know really where to go after a robust session. it's only wednesday, but for mark zuckerberg it must already seem like a very long week. the facebook boss is getting ready for another grilling over his compa ny‘s data abuse scandal. he'll be testifying before the house energy and commerce committee later, yesterday he faced tough questioning by us lawmakers. during his testimony he admitted his company has a "broader responsibility " than that required by the law.
and that the company faces important issues about privacy, safety and democracy. he also said he supported the "right regulation" of social media companies, but didn't give specifics. when pressed on the ethics of selling peoples‘ personal data he said "there will always be a version of facebook that is free." seeming to leave open the possibility of a paid version of the platform. he also talked about the specific threat posed by russia. one of my greatest regrets in running the company is that we were slow in identifying the russian information operations in 2016. the nature of these attacks, though, is that there are people in russia whose job it is to exploit our
systems and other internet systems as well. so this is an arms race. systems and other internet systems as well. so this is an arms raceli am as well. so this is an arms race.” am joined by as well. so this is an arms race.|j am joined by cloudier and. —— with me is internet security specialist claudio stahnke from tech consultancy ca nalys. what did you make of his performance? i think he did well and the markets thought the same, stocks went up due to the good performance that he had during this hearing. he was quite confident of himself and nothing major came up from this hearing. do you think this was a failure on the part of those who we re failure on the part of those who were grilling him, that nothing came 7 were grilling him, that nothing came up? afew were grilling him, that nothing came up? a few of them gave the impression that they didn't know the business very well. yes, from some of the senators, not all of them, it
was the case that they were not knowledgeable enough to properly grill him on the topics. he would have a first line of questions for him but they couldn't properly follow u p him but they couldn't properly follow up with other questions after a first answer. in these cases, mark zuckerberg was allowed to have space of manoeuvre while answering because the question was not in the right way. for outside observers there was frustration from that of view that he got off a bit lately. 80 he won't have such an easy time today, we will see. in terms of the business model, you got the application that there might be a paid facebook option in the future, adding to rethink their business model in light of this. right. he didn't rule out the option of having in the future, a paid version of facebook and this might be the case in the
future. but he was adamant on the fa ct future. but he was adamant on the fact that there will always be a free version of facebook as well to penetrate emerging market. connecting the world, as were his i—liner. was talk about regulation are. a real concern about facebook, but not just facebook, are. a real concern about facebook, but notjust facebook, of many of the other countries that —— companies that in a sense, he was representing. yes. he had positive words about europe and european regulation but he stopped at saying that we get some things right in europe. he didn't commit to applying it, gdpr. gdpr being the regulations that are being rolled out. he also talked about china and facial
recognition, he struck a nerve that said to much regulation could put the us a step back competitive countries like china, where regulation is less strong. we will have to leave it there, thank you for your opinion and analysis of how mark zuckerberg did. we are right across this story today as well. our tea m across this story today as well. our team in the business news will keep you up—to—date. donald trump has taken to twitter again. he's praised the chinese leader for what he called his "kind words" on tariffs. xijinping pledged to open his markets and cut tariffs during a keynote speech to business and political leaders on tuesday. now the us president says he thinks there will be "great progress" on defusing the tensions between the two countries over trade. sharanjit leyl joins us from our asia business hub in singapore. i know you are looking at this in detail yesterday, the forum where he
was speaking. interesting to see what donald trump had to make of his speech. that's right, sally. after all of that talk of a trade war last week, a consolatory tone seems to be the way forward from the leaders of the way forward from the leaders of the two largest economies in the world. —— conciliate tory. we were hearing how xi jingping world. —— conciliate tory. we were hearing how xijingping speaking at a forum promised to open up the chinese economy, promising to cut to and automobile barriers, such that president trump was forced to thank him in eight weeks. it also led global markets to rally, they went down last week when they went for tit—for—tat tariffs, which could have threatened global growth. this week, concerns have died down. in his first public comment since the trade dispute with the us broke out, president xijingping trade dispute with the us broke out, president xi jingping vowed to open up president xi jingping vowed to open up china's economy further, protect
intellectual property of foreign firms and criticised a cold war modern palate he —— mentality as obsolete. he propped it a positive reaction in financial markets, nonetheless, even though president trump has promised rate progress in the looming trade dispute, the white house has made it clear it wants to see changes in acted in china and of course, as yet, there is no timetable on when that would be. thank you. now let's brief you some other business stories. the european commission has raided the offices of a number of companies involved in sports broadcasting rights. it said it was investigating restrictive business practices. one of the companies targeted, the film and media giant 21st century fox, said it was co—operating. france and saudi arabia have signed draft agreements worth a total of $18 billion during a trip to paris by saudi crown prince mohammed bin salman. the deals cover cover sectors including petrochemicals, tourism and agriculture. the two sides heralded the agreements as a sign of warming relations
between their countries. troubled italian airline alitalia says it has received three takeover offers, including one by a consortium led by british low—cost carrier easyjet. lufthansa has also expressed an interest. alitalia's administrators will examine the bids over the next few weeks. it's being reported that google is in talks to buy nokia's airplane broadband business. google is keen to reach more users by offering high speed in—flight web services. a deal would provide competition to chicago based gogo, which currently provides onboard internet connectivity. it shares fell around 4 % on the reports. now we all know what flying feels like today, but what about the cabin of tomorrow? after years without much of an improvement, our inflight experience now looks set for an upgrade. aaron heslehurst takes a look at how cruising at 35,000 feet is likely to change.
the future of air travel may be closer than you think. i am at the world's biggest aircraft interior show and here is a few things that you might find on a flight not too many years from now. minimalism is the watchword of design and stepping on board will soon look like this. while staying connected will be the norm. if you have the funds, here is the world's first fully family friendly business class suite. and while opening a window is of course not an option, how about this? bringing the outdoors indoors using lighting to create the ambience. daytime, let's try night—time. not good enough? how about leaving the plane, but not actually leaving the plane? yeah, i am on the beach.
virtual reality headsets are expected to play a big part in our future flying. believe it or not, right now i am breathing in special air that makes our in—flight experience a bit more calm and relaxing. and what about the crew? in a few years time your friendly steward could be replaced by this guy. bringing you that hot towel before takeoff. thank you. the one thing that won't change is the need for some sleep. now, go away. leave me alone. i have a big day tomorrow. that is your business briefing. here is a story that is dominating
in the uk: tributes to an intruder who died after a struggle with a home—owner in south london have been taken down. family and friends of henry vincent erected a shrine opposite the house he broke into. but some residents described it as "in poor taste" and it's been dismantled. caroline davies reports. cut down in the middle of the night, these were the floral tributes left for henry vincent, the burglar who was killed during a break in this. the neighbours on street he tried to steal from have mixed the neighbours on street he tried to stealfrom have mixed views the neighbours on street he tried to steal from have mixed views on the shrine. everybody has a right to do what they want to do, if you think this is the right way to mourn your
loved ones. if it is a normal person, that is a different thing. in this case the men went and burgled a house. an inquest heard that mr vincent died after he was stabbed by the owner of a house in strike a verbal. richard osborne brooks, who was 78, was held on suspicion of murder but released further action. please have also released a picture of a man called billy g ‘s. they have said they want to speak to him about the break—in. later, mr vincent's family returned to put the flowers back. the family of henry vincent didn't want to speak on camera, but they told me how upset they were at these flowers being cut down. they said whoever did it should be ashamed of themselves and didn't understand that this was somebody‘s child. minutes later, this happened to. do you know the family? do you know who the family are? the death of this
burglar will not result in a court hearing, but in this community, tensions over the incident remain high. caroline davies, bbc news. this is the briefing from bbc news. the latest headlines: facebook founder mark zuckerberg has warned against over—regulating social media in the wake of a scandal over the misappropriation of users' personal data. he's apologised to a us senate committee. after the suspected syrian chemical attack on a rebel—held town, russia urges the us to avoid military action in retaliation. and airlines are being warned to "exercise caution" in the eastern mediterranean, because of possible cruise missile strikes. the pan—european air traffic control agency, eurocontrol, said strikes might be launched within 72 hours. now it is time look at the stories that are making
the headlines in media across the world. we begin with, unusually, the uk's daily mail and the headline "theresa may cautioned against joining trump's strike against syria until parliament has had a say". it comes as mrs may and president trump vowed to put an end to chemical weapon attacks in syria, in a sign the allies could be just days away from striking. the guardian, like many other papers, has facebook‘s mark zuckerberg on the front page as he prepared to testify before the joint senate committee in washington. a british and us—led class action against facebook and cambridge analytica was announced just hours before he testified. looking at the times, an in—depth study by the uk's leading business body found a vast majority of british businesses prefer close alignment with eu regulations post—brexit.
0n the bbc news website some of the most popular online music videos — like hit song despacito — were left unrecognisable, after hackers replaced cover images and titles with messages like "free palestine". and finally in the telegraph, the royal wedding guest list — who's on it and importantly who's not on it?