tv BBC Business Live BBC News September 24, 2019 8:30am-9:01am BST
this is business live from bbc news with alice baxter and sally bundock. balancing the right to privacy with freedom of speech — europe's top court is due to rule on the right to be forgotten — in what could be a landmark case. live from london, that's our top story on tuesday the 24th of september. europe's top court will decide if privacy rules inside europe should be applied around the world — in a move that has the likes of google crying foul. also in the programme a day after the collapse of thomas cook — company bosses face
scrutiny over their actions — and criticism over their pay. we'll be looking at the markets, in asia we saw a bit of a rally, but here in the uk the pound—sensitive ftse could see some action following today's supreme court's decision will speak to an all vegan bakery about expanding the brand. and we wa nt to about expanding the brand. and we want to know, what would you give out to save the planet? greta thunberg has a sacrifice to education, she was speaking at a special un summit earlier this week. we wa nt special un summit earlier this week. we want to know what would you go without, flights, meat, dairy, or plastic? get in touch. use the hashtag. hello and welcome to business live. now where is the line between the right to privacy
and freedom of speech? the european court ofjustice is due to rule on just that in a few hours‘ time. it's looking at two separate cases revolving around the right to be forgotten — which became eu law in 2014. the first looks at whether google would have to erase search results for users outside the european union — so globally. and the second would make it easier for people to ask google and other search engines to automatically delete links to websites containing sensitive information — like a person's sex life, religion, or health. over the last five years, google has received 3.3m requests to delete various links. the company said it accepted 45% of them while rejecting or fighting the majority. our technology reporter
zoe kleinman is here with us shejoins us from she joins us from the bbc business unit. do we know what the court might decide today? we don't know yet and the verdict is due any minute but the signs are that they might side with google, we've already heard the european court of justice adviser said he supports google, they've also got support from other tech giants like the likes of microsoft who are backing this idea that the right to be forgotten should not be a global initiative and the reason for that, they say, is it could basically turn search engines into a massive censorship tool and anyone could decide to have things deleted about them, you know, that perhaps we have a right to know. as you say, extremely complicated, we hearfrom the european court very soon. but for google and other companies like google, it's all about what they are doing with our data, isn't it? yes, this is a really key moment for privacy campaigners who say absolutely, if google decide you have the right to be forgotten then
why does that not apply around the world ? why does that not apply around the world? it's why does that not apply around the world ? it's odd why does that not apply around the world? it's odd that you will be able to find information in the united states that you cannot find within europe but of course the google argument is it's a very different internet to the internet we've had so far which is absolutely based around freedom of speech and the right to information. so it's a real clash of ideologies, if you like, as much as it is a legal clash. but in some ways, you wonder to what extent any of this could be enforced, for the man in the street, he or she, they are never going to chase google if they don't do what they are supposed to do? the question is, how would you know, all we have is that we have a right to ask companies to remove information about us, they have one month to comply, at the moment google gets to decide whether or not it is in the public interest that it this information remains, that is a very powerful decision for google to make in itself. and there are all sorts of issues around people with criminal pasts, should you be able to move on, as we say, you should be
able to rehabilitate and move on after a crime or should that follow you for the rest of your life, all sorts of discussions here and frankly, is google the person that the company that we wanted us to make those decisions for us? really interesting, thank you. when we do get a decision made at the european court ofjustice, we will let you know, it might be a while we are on there during this programme. keep watching us for that. let's take a look at some of the other stories making the news the ride—hailing app uber will soon find out if its licence to operate in london will be renewed. as it stands — the firm's licence is due to expire on wednesday — after it was revoked in 2017 over public safety concerns. a judge granted a is—month extension which is due to come to an end. federal prosecutors in california are running a criminal probe into the e—cigarette maker juul — according to the wall streetjournal.
the firm is facing a regulatory crackdown — and increased government scrutiny. six deaths have been linked to vaping in the us — and officials are investigating a50 cases of related lung illnesses. families of the 346 passengers who died in two separate crashes of boeing 737 max aircraft, are being offered almost 150,000 dollars each. the aircraft maker says families can claim the compensation without waiving their right to sue. boeing's entire fleet of around five hundred 737 max planes have been grounded since march following crashes in ethiophia and indonesia. about 15,000 holidaymakers have already been flown home from abroad following the collapse of thomas cook late on sunday.
but the compa ny‘s directors are facing mounting questions over pay and management practices as an investigation into the firm is being opened. theo leggett our business correspondent in here hejoins us down he joins us down the line, hejoins us down the line, bring us the latest on the repatriation of those thousands of holiday—makers. this is operation matterhorn, a major operation embarked upon by the civil aviation authority yesterday. as you said, some 15,000 people have already been brought home, the cia operated 64 flights yesterday, how well they cobble together a fleet of 45 aircraft, many of them provided by other airlines such as easyjet, some more brought in from leasing agencies and they've been trying to match the flight the thomas cook would have been operating if it hadn't gone into insolvency yesterday. today, they are going to try and do even more, 74 flights,
16,500 people due for repatriation. we know there have been hiccups and delays, that's not altogether surprising. this is something that's had to be put into effect very quickly but on the other hand, you can see that an awful lot of planning has gone into this, even if you take into account the fact there was a rehearsal of sorts two years ago with the collapse of monarch airlines back then. tell us more about the investigation into how this company was run into the run up to its collapse, all the uk newspapers have on its front page the anger about bonuses that top executives have received. if you look at the chief executive who came out with a big apology yesterday, he's earned eight and a half million pounds or thereabouts during his time at the company, other executives have also learned a great deal of money, the insolvency service here in the uk is going to be investigating and politicians such as andrea leadsom want to take that metaphor about the fact is, although there are suggestions that
this company very badly managed and the problems go deeper than the factors it cited itself such as the hot summer last year, uncertainty over brexit, sterling and so on, it's not actually a crime to run a business badly. so it's hard to see what this investigation will come up with, nevertheless there is an investigation, also a lot of political pressure for executives and former executives to give up some money, even if they do it voluntarily. thank you. let's have a quick look to see what the markets are up to. japanese shares rose on tuesday — buoyed by optimism that high—level u.s. china trade talks will take place early next month and investors buying ahead of companies going ex—dividend later in the week. the benchmark nikkei average edged 0.1% higher — its highest closing since april 23. u.s. stock futures rose 0.3%, helped by comments from treasury secretary steven mnuchin that u.s.china trade talks will take
place in two weeks. meawhile here in europe shares have risen slightly at the open, partly recovering from the sell—off yesterday when disappointing business surveys deepened worries over a possible recession and fuelled talk that more stimulus may be needed. we will keep a close eye on the ftse 100 today. to see if there's any response to the supreme court decision we are expecting shortly. the highest court in the uk will give its historic ruling on the legality of prime minister borisjohnson‘s decision to suspend parliament for five weeks. constitutional law expert, drjoelle grogan has more on the significance of the decision. the supreme court is going to be making a statement on all powers, all fundamental constitutional organs, it's going to be making a judgement not only on its own role in terms of the limits of power and
deciding the limits of power and government power but it's also going to be making a statement on the place of parliament and the place of government and even the place of the queen as this advice does concern advice to the queen. an incredible, incredible judgement advice to the queen. an incredible, incrediblejudgement in constitutional terms on that principle of the balance of powers on the separation of powers in the uk constitution. a lot going on today, to say the least. that was joelle grogan. jane sydenham, investment director, rathbone investment management we've got to keep an eye on so many things. there's a lot going on. will the pound sterling be on the move today, super sensitive? it's quite difficult, it doesn't seem to be that it gives a clear direction for the pound, recalling parliament which presumably would be the consequence if mrjohnson is found
to be at fault, doesn't necessarily, it may be a week or two, not much more than that, i'm not sure it's going to change course that much. let's talk about, in part, thomas cook was the big story of yesterday. and today we had results from their biggest competitor, talk us through it. tui shares did very well and they are rising again this morning, a major competitive going out of business gives them an advantage, it means they have a lot more customers who otherwise would have been using thomas cook so it's pretty good news for them. obviously very sad for thomas cook customers. and something you've noticed this week which again, so much going on, it slips off the radar, manufacturing data coming from europe which was pretty dire for germany, wasn't it? yes, pretty low number yesterday. a lot of that really is to do with current manufacturing which is suffering both from worries about the trade
war but also changes in regulation and just technological changes, really, so it's pretty significant stuff. the german figure was 41, something around there, anything below 50 is really seen as shrinking industry or market. anything above 50 means the economy is still growing so it's not good news. jane, thank you for now, you are back later, think about what you would give up, the one thing or may be more than one? maybe you have already come to do your bit for the planet? indeed. we'll be talking about that at the end of the planet in light of greta thunberg talking yesterday. still to come — chef's choice... a bakery that's now gone vegan has had a few bumps along the way. we'll find out more later in the programme. you're with business live from bbc news.
theo was mentioning the thousands of people brought home on the first day of operation matterhorn, as it's known. but for the wider tourism industry, hotels and places like spain, really popular resorts, it's a big deal. karen chalker and her husband john are from barrow in furness in cumbria in northern england. they are on holiday in benidorm until sunday. as for getting home, we still don't know because we've been on the thomas cook website as suggested and looking at the caa information, it's very difficult to determine any flight information at this point. i think it's probably still early days for the caa to have the flights displayed but people are in panic mode because they don't know what's going to happen.
we don't know whether we'll fly to manchester airport and we have our car parked there. if you don't fly back sunday what is your situation, you're staying in a hotel, is that right? presumably you have to pay for the longer stay. talk us through your logistics. we came on thursday. there wasn't the correct room ready for us so we then had to move rooms on saturday. then we found out yesterday that thomas cook has gone into liquidation. fortunately for us, we've still been able to get in the room whereas we were involved in the monarch closure as well, u nfortu nately. at that time we were locked out of the room. but this time we have been able to gain access to the room. we did go down to the reception because a note was left for us to go and speak to them. they just mumbled, saying are you aware of thomas cook and we said,
well, we have heard. so she said, you are going to have to pay 900 euros and if you don't, you must leave now. so that was karen, karen and john are stuck in benidorm, and we are hoping they get home soon. so much more, the continuing fallout from the collapse of thomas cook, more on the collapse of thomas cook, more on the website, including anecdotal stories about how the prices of other flights have risen. you're watching business live — our top story — europe's top court is due to rule on an appeal by google against extending what's known as the right to be forgotten worldwide. a quick look at how the markets are faring we saw a bit of a rally in asia. and
in europe, we can see the markets following the same trend. do you have a sweet tooth, i totally totally a m. have a sweet tooth, i totally totally am. the kids will tell you, iam totally am. the kids will tell you, i am always nicking their suites. so now you know. now whether it's chocolate, candy or cakes — most of us love a sweet treat every now and then but those on a vegan diet — which doesn't allow any animal products — may find it difficult to satisify that sweet tooth. but things are changing with the global market in vegan food expected to be worth around $24.billion by 2025. in 2016, it was $51 billion — that's according to the vegan society. and one company hoping to take advantage of this thriving sector is switzerland—based rhythm108. founded in 2014, the bakery and confectionery business recently re—launched one of its product ranges becoming 100 percent vegan. we arejoined by founder siddhi mehta.
many thanks for joining many thanks forjoining us here in the studio, lovely to see you. and a plate of 100% vegan cookies in front of us. talk us through the beginning, the genesis of the idea. sure. i beginning, the genesis of the idea. sure. lam beginning, the genesis of the idea. sure. i am a big sweet tooth myself andl sure. i am a big sweet tooth myself and i had just moved to switzerland with my husband and i discovered this heritage of chocolate making and confectionery. but i also wanted to be healthy, i wanted to do my bit for the planet so you know, the idea came about seeing all this know—how and skill in switzerland and saying, let's take this know—how and skill and bring it to the confectionery market for a new, modern product for consumers market for a new, modern product for consumers that want to eat in a different way. you make it sound so easy! making all the stuff in switzerland, it's amazing, organic, artisan, i'm going to turn this around into a business and sell it to so many retailers in the uk and switzerland. what happened, how did you go from idea to a thriving company? there were definitely a lot
of challenges along the way. you know, it's a big learning curve and it was literally done step—by—step, started in a farmers market, we moved to a shared bakery then we moved to a shared bakery then we moved into our own bakery and we started supplying independent yoga studios and sports shops, and then we only went to the big multiples like sainsbury's. you hinted at some of the challenges at the beginning of the challenges at the beginning of your answer, you've been quite open about the fact he faced certain issues, sexual harassment, bullying, i think you've even cited, talk us through your story. i wouldn't go as faras through your story. i wouldn't go as far as bullying for myself but there definitely, there is definitely unconscious bias especially in the food industry and the industry that i work on. so when i walk into a room often i need to prove myself andl room often i need to prove myself and i need to work may be twice as ha rd and i need to work may be twice as hard to make the same impression and be takena hard to make the same impression and be taken a bit more seriously. hard to make the same impression and be taken a bit more seriouslym that because of your age, because you are female, i'm guessing?”
think there is unconscious bias towards both but i'm very positive andl towards both but i'm very positive and i feel there towards both but i'm very positive and i feelthere been towards both but i'm very positive and i feel there been so many changes in the last five years so things are really moving in the right direction now. you're in this very interesting situation in that your factory is very interesting situation in that yourfactory is in very interesting situation in that your factory is in switzerland. and of course you deal hugely with the uk, the number of places you are now stocked is wide. so talk us through how you have an business because obviously you will be unaffected, i presume, by any future brexit situations because you are already trading outside of the european trade agreement? that's right. i mean, things like importing and getting goods in wouldn't be a problem for us but the biggest challenge for us as managing our currency, the swiss franc is obviously a safe haven and that a strong currency really impacts the cost of producing. with the pound weakening, that pain has got deeper,
hasn't it? exactly, we are not a premium product, we are affordable premium product, we are affordable premium so we need to maintain our prices for our customers as well. but you stockpile before march the sist, but you stockpile before march the 31st, you make sure that your warehouse in the uk had plenty of your product and i presume you will do it again? prior to the end of october? absolutely, just in case, you know, we don't want any supply chain issues and we want consumers and customers to always have the product available. what are you going to do next? you are selling in the uk pretty broadly, looking at france, you're in switzerland, are you going to expand more in europe, there is this huge wave in terms of paganism? sure, i think there is this huge wave in terms of paganism? sure, ithink there's there is this huge wave in terms of paganism? sure, i think there's a huge wave in terms of paganism but also in terms of eating better and well being. sol also in terms of eating better and well being. so i think there is a lot of scope globally and we want to become a global company that competes with traditional confectionery companies so we will continue to tackle market by market. all right, we will tuck those later!
i'm not brave enough to do it mid—interview, i have to say, i'm not that skilled. but they will disappear, that's for sure. thank you for coming in. thank you for having me. we asked you to tell us what you give up to change the planet and curb climate change. greta thunberg has given up her schooling and a lot more. here's what she told the un in new york yesterday. let's let's listen to her very powerful, emotive and raw speech yesterday. you have stolen my dreams and my childhood with your empty words yet i am one of the lucky ones. people are suffering, people are dying, entire ecosystems are collapsing, we are in the beginning ofa collapsing, we are in the beginning of a mass extinction and all you can talk about is money and fairy tales of eternal economic growth. how dare
you? cheering a really powerful moment at that summit yesterday. but first of all, we need to inform you that the european court ofjustice has made its decision with regards to that story we discussed earlier, google does not have to apply right to be forgotten globally. so says the eu court. that is something that will just be enforced the eu court. that is something that willjust be enforced within the european union. so that is the outcome of that case which could have implications for google and of course other rivals that use our data. much more and also the background to the story on the website. jane is back to look through some of the papers. let's begin, its all over the papers, we spotted it in the washington post, greta thunberg giving that very emotional, emotive speech to the us,
the un, and we asked the question at the un, and we asked the question at the beginning of the show, what would people give up to save the planet because she has sacrificed a lot, hasn't she, she symbolises the length, how serious people are taking this issue of climate change. i think we are going to have to see people shifting their mindsets in the same way that she has and it won'tjust be the same way that she has and it won't just be about giving the same way that she has and it won'tjust be about giving up one or two consumer goods, it will be much more fundamental than that and it will also be about how companies reshape their businesses and the energy industry is a really interesting one, will the oil companies invest more in renewables and accept a lower return on those relative to their fossil fuel businesses of the past? it's a big talking point, antonio gutierrez is saying, the secretary general of the un that people are waking up to climate change, within the big financial institutions, it's a big talking point, they are trying to come up with funds, with investment tools that will channel our money, our investment into more sustainable
products or companies or investments. yes, this has been a huge change and it's picked up speed dramatically in the last year or two. in the past, ithink dramatically in the last year or two. in the past, i think everybody was worried, could you actually make a decent investment returns if you we re a decent investment returns if you were investing for ethical or social reasons? i think there an increasing a cce pta nce reasons? i think there an increasing acceptance that yes, we can because there is a need to make these huge changes for society. jane, thank you very much, before we goodbye let's mention what you said stop greta thunberg, when she travelled to the united states she did it by boat, she wants to keep our carbon footprint to the absolute minimum. jan on twitter said i changed jobs andi jan on twitter said i changed jobs and i walk to work, cases have only one child or no children at all, if you have a childless life you consume a lot less. and rob says we eliminated a car, we recycle, we reuse, we reduce plaster, limit mileage, we do everything we count
locally. great to hear from you. thanks for your company, see you tomorrow. goodbye. good morning. some pretty nasty driving conditions this morning, some wet weather, thunderstorms out there. all courtesy of this area of low pressure ad towards the west, very active cold front pushing its way from the south—west to the north—east. if you are travelling throughout today, very wet and windy conditions particularly for wales, the midlands and southern england, a lot of rainfall in a short space of time, associated with this band of rain as it pushes further north but eventually into the south east of scotland, sunny spells in north—west scotland, sunny spells in north—west scotland, northern ireland and eventually through central areas but further heavy and thundery showers moving their way into the south—west through today, maximum temperature is getting up into the high teens but pretty gusty winds out there,
particularly around the south—west of england, the cost of oils, gusts of england, the cost of oils, gusts of 40 or 50 miles an hour throughout this afternoon. further outbreaks of rain through tonight, pushing its way further northwards into scotland, more heavy and thundery showers moving their way into southern areas, temperatures tonight staying in double figures, about a 10-13 staying in double figures, about a 10—13 or staying in double figures, about a 10-13 or 14 staying in double figures, about a 10—13 or 14 degrees. into wednesday, low pressure still there, going to move its way eastwards but generally, low pressure systems continue to move there way in from the west so it stays pretty u nsettled, the west so it stays pretty unsettled, even wednesday, it should be drier than today, still some heavy showers around, especially across scotland, staying quite cloudy. sunny spells elsewhere across the country, maximum temperature is 16—20d. into thursday, this area of low pressure moving in and the associated weather fronts moving in sweeping from west to east, breezy conditions to come
during thursday and that ring, as it moves its way through, it will be followed by some sunny spells, some showers in scotland and northern ireland, through western areas, quite breezy conditions as i mentioned, temperatures very similar to the next couple of days, 17, 18 possibly 19 degrees. and for the end of the week, remain unsettled, low pressure out there or thereabouts, we opened the door to the atlantic with rain at times, quite breezy, temperatures remaining a bad average but certainly, as we go into the weekend, worth keeping in mind that weekend, worth keeping in mind that we will see more rain at times, quite breezy weather and those temperatures well, round about the average for the time of year. goodbye.
you're watching bbc news at nine with me, annita mcveigh. the headlines. the supreme court will reveal its historic ruling on whether suspending parliament was legal at 10.30 this morning — we'll be bringing you that live when it happens. at 9.15, we'll have analysis from our legal experts on what the implications of the supreme court's landmark decision will be whichever way it goes. the other main headlines... ministers call for an investigation into thomas cook's directors in the run—up to their collapse as thousands of holiday—makers await flights home, organised by the governement. a green industrial revolution, and a promise to half the number of food banks from labour as the party conference continues in brighton. a landmark ruling for google on the right to be fogotten — judges rule the search engine does