tv Business Briefing BBC News March 26, 2019 5:30am-5:46am GMT
feelings are running high about copyright law in europe. last weekend tens of thousands of people across the continent protested against the reform bill. today, the european parliament will vote on whether to modernise it. the bill would make online platforms and aggregator sites liable for copyright infringements, and supposedly direct more revenue from tech giants — like youtube, this is the business briefing. twitter and facebook — i'm sally bundock. the european union votes back towards artists on reforming it's digital laws, however some tech giants and journalists. are unlikely to be pleased. those in favour of the directive include industry bodies representing and samsung catches investors off guard, by announcing a surprising content producers. profit warning ahead 00:00:33,379 --> 4294966103:13:29,430 of its first quarter results. the likes of universal music group and warner music who have publicly backed the bill. one part of the bill that people are worried about is article 13 — dubbed the "meme ban". no one is sure whether memes will fall foul of the rules.
memes being those funny little things that we attach to funny pictures. another controversial section is article 11, known as the "link tax". this would require publishers and aggregate sites — such as google — to pay a tax to sites to whom they link. joining us now from brussels is cecilia bonefeld—dahl, who's the director general at digital europe. as ever, the devil is in the detail and it sounds like a minefield. good morning. it is quite a controversial subject. there are basically two contradicting strands. one being the democracies of information. really enhancing the increased need for the internet to function as an open
platform of knowledge. if these rules are being implemented, it will be seen as a selection of what can actually be shared and linked to and therefore unk —— algorithms will have two take care of what users can see. the liability of these platforms for their uses, sharing knowledge, is a bit like saying you built the highway therefore all accidents are your mistake. which again would be seen to really limit the sharing of knowledge to the broader public. and as you say, this whole idea is about trying to get
the likes of google, youtube, facebook, others, to play more fairly when it comes to how the internet is used. but this applies to everyone, doesn't it? individuals, small — and medium—sized companies, and an individual who might fall foul of these changes in the law. it could be very difficult. yes, if you look at the big platforms, they definitely have the best opportunities of implementing things like that. it should have actually happened. it will also damage a lot of the smaller platforms or publishers. it will be harder to create a dynamic ecosystem of knowledge because there is already copyrights in place. many see this is quite unnecessary to actually add an extra layer on top of what we have today. we will keep an eye. an interesting story.
let's talk about a name we have all heard of. let's talk about a name we have all heard of. the south korean tech giant samsung electronics has issued a profit warning ahead of its first quarter earnings, blaming higher memory chip prices for a loss in revenues. samsung shares fell by 1% after the firm made the announcement. joining us now from singapore is rico hizon. tell us about samsung and what it had to say. they are already forecasting poor numbers. this announcement comes before the apple supplier and rival announces it earnings and guidance next week. this is like a second warning because last week the tech giant told shareholders that are slowing economic growth and its core business will weigh on operations this year. the company expects the
price declines to be larger than expected. when you speak to a nalysts, expected. when you speak to analysts, a glut in inventories and slower sales will hurt the company's bottom line but other tech watches say samsung is managing expectations, giving a signal to the market, that investors should be prepared when the company reveals its january— march earnings. it is also reported uncertainties over the us heiner —— us— china trade relations as clouding the area. as trade negotiations between the us and china enter a fresh round of talks later this week, the issue of intellectual property have proved more difficult. china announced a new law recently that it would be
better protected but as we report from shanghai, it is support from domestic at home that was forcing china to act. two yea rs that was forcing china to act. two years ago in a plastics factory on the outskirts of shanghai, someone stole a horde of intellectual property and got away with it. one of my it managers copied 10,000 pages of my entire company's profile including our technology information, our customer lists, our purchasing and supply information, everything. after that make our formulas. everything. 10,000. then he moved to establish another company. his story is an --is not uncommon in china. stolen by an insider that he feels he has no recourse. today, any people in a
company, very easy to steal. now we worry about people outside to steal oui’ worry about people outside to steal our information. what i worry is by people inside to steal information and they don't get caught. this is not a glamorous business but it is a big business. there are moulding to brazil, some to russia and the uk. the man behind it has invested hundreds of hundreds of millions of dollars and he says if he can't get his original ideas protected, what chance does china's innovators of tomorrow got? but things are changing. china has created specialist courts, albeit subservient to the ruling communist party. the chinese now ijust as litigious as foreign firms and the pace of reform has sped up. president xijinping recently pace of reform has sped up. president xi jinping recently led lawmakers in approving new rules for
foreign investors, more protection foreign investors, more protection for their ip was part of it. now comes the crucial bit, enforcement. we wa nt comes the crucial bit, enforcement. we want to see cases in the local courts and those enforcement agencies, implementing these kinds of laws that are beneficial to foreign ip owners. many a foreign company has been stung over the yea rs. company has been stung over the years. some in china's booming fruit business still choose not to risk their ip. one recently said they wa nted their ip. one recently said they wanted to build new conveyor belts for their farms but the wanted to build new conveyor belts for theirfarms but the european manufacturer said no, they fear their systems would be copied here and they would be wiped out. now let's brief you on some other business stories. airbus has secured an order from china for 300 jets, in a deal estimated to be worth $34bn. the agreement was reached during a visit of france by chinese president xi jinping. xi met with french president emmanuel macron on monday, as the two sides attempt to forge closer business ties. pharmaceutical giants bayer and johnson &johnson have agreed to pay $775m to settle more than 25,000 us lawsuits alleging that their blood thinner caused unstoppable bleeding. however, both firms do not admit
liability under the agreement. and lawyer michael avenatti — who represented porn star stormy daniels in her lawsuit against president trump — has been arrested on charges of fraud. prosecutors says he tried to extort more than $20m from nike, threatening to use his profile to inflict reputational damage on the firm. looking at markets, the nick hayes has been leading the charge with strong guide — make strong gains. but nikkei. that is your business briefing.
up next — newsbriefing — we'll take you through ther stories four school girls have launched an online petition calling for climate change to be made a compulsory part of the curriculum. the government says the subject is already covered in science and geography. our correspondent katharine da costa reports. at 15, these girls are in the middle of their mock exams but instead of revision worries, they have bigger things keeping them awake at night. other countries follow it suffering with drought and forest fires, it's heartbreaking. it's how seeing all the images of the and all the people being — make allthe the images of the and all the people being — make all the places submerged underwater, it's frightening to think that if we carry on the way that we are that we could end up like that. in science lessons, they are taught about the causes of global warming but say there is not enough information about what can be done to prevent
it. we want to see it is included in as many subjects as possible. how it relates to every subject because it does. how we're to end up seeing the effects. but also how we can grow to live more sustainably. what examples of renewable energy do you know about? with a review of what is taught in schools under way, could this be a way to reassess how climate change is covered? in terms of the causes of climate change, from a science point of view, it is covered within the curriculum. i do agree with them however that we could be looking at how we could be doing better as environmental citizens and embedding that far more. making to climate change are more. making to climate change are more prominent part of the curriculum is also one of the demands of the cane pat —— campaign group strike for climate which has seen group strike for climate which has seen hundreds of people walk out of
lessons in support. nearly 60,000 people have signed the online position from all over the planet proving the demand for action on climate change is really hotting up. this is the briefing from bbc news. the latest headlines: british mps have voted to take control of the parliamentary agenda on brexit — they're now expected to hold a series of indicative votes on what to do next. the international criminal court is set to investigate after a massacre in mali left more than 130 people dead. after israeli airstrikes across gaza, palestinian militants have retaliated, firing a barrage of rockets into israel. now it's time to look at the stories that are making the headlines in the media across the world.
we begin with the front page of the metro. and theresa may's warning of a slow brexit — as mps refused again to accept her deal to leave the european union. in the japan times this morning with financial news — the nikkei suffering its biggest point loss since december, amid worldwide economic fears. now to city a.m. mr television man — apple chief tim cook unveils the tech giant's new streaming device — with celebrities on hand to help boost sales. on the front page of the independent. england football team has vowed to report racial abuse after playing in montenegro — claiming to have heard monkey chants from the stands. and back to the metro's striking front page. dusseldorks — the mid—air blunder by british airways which saw a flight destined
for dusseldorf in germany land in edinburgh. so let's begin. with me is alpesh patel, the chief executive officer of praefinium partners. we talked a little bit about brags it but the metro headline, stuck in the model with eu. theresa may warning of a slow brags it. i've got something original to say about brags it. — — brexit. provoke article 50, a second referendum. parliament lacks legitimacy because it's a collection of, a very narrow collection of individuals. of course it lacks legitimacy.