Prices have been rocketing in china. Is that suddenly we should be concerned about . Rico hizon will make sense of that for you in a moment. But we start in seoul, where the trial of the century is getting started. The head of the biggest company, samsung, is on trialfor bribery. Samsung might be a household name, globally, but his bossis household name, globally, but his boss is not. So what we know about him . He is the boss of the company, jay y lee, but is known by south korean media as the crown prince of samsung. That is because he is the only son of the chairman, lee kun hee, who was convicted of bribery and tax evasion himself, but was pardoned. So jay y lee has been in charge since his father had a heart attack in 2014. He has been the de facto boss. So the lee family are phenomenally wealthy. You can see the figure behind me. Forbes magazine ranking them asias richest Family Last Yearfor Magazine ranking them asias richest family last year for the second year ina family last year for the second year in a row. Worth almost 30 billion. It puts jay y lees personal wealth at 6 billion. Samsung is a very Important Company in south korea. It has been key to the countrys economic rise from one of the worlds poorest after world war two, to one of the riches. It has group sales of 240 billion and it accou nts sales of 240 billion and it accounts for around one fifth of all of the countrys imports. So what is jay y lee accused of . He was a Brief Explainer for you. Heres a brief explaner. Lets get some analysis from timothy marton, from seoul. He writes for the wall streetjournal. They give being on the programme. Get a sense of how important is trial is. Judy maco verratti is not too much hyperbole calling it the trial of the century. You have the most Powerful Asian Business Leader and park geun hye, involved in a trial that has been an issue with south korea for generations. Bribery, embezzlement, and for the large part, these larger bodies, chaebols, have been able to avoid punishment because they were so critical to the economy. How thejudges rule because they were so critical to the economy. How the judges rule this will have a lot to say about the future direction. I was go to ask you that as my next question. Do you think this could be the perfect storm of an impeached president coming at the same time as this trial, mean there will be finally a shift in the way business is done in south korea . Some of those shifts we re south korea . Some of those shifts were already in motion, but the political situation, combined with the impeached president , does create an environment where we could see substantial changes to the chaebol system. Again, the irony here is that jay y lee himself had system. Again, the irony here is Thatjay Y Lee himself had been system. Again, the irony here is that jay y lee himself had been a chaebol ross fowler. He told people that he did that think the system should be around, privately. Chaebol reform. But this is become a legal headache. In the meantime, tim, the company itself does not seem to be affected by the scenario. The share prices continue to go up, profits continue to go up. Yes. Jay y lee is the Third Generation leader. People have said he has more ofa. He is not leader. People have said he has more of a. He is not involved in day to day operations. He is a big pitcher strategist. Look, the country has great business lines, so whether the topman is in charge or not, those will proceed. The company is in a lot of top industry. Top man. Will proceed. The company is in a lot of top industry. Top man. To marton, we appreciate your time. Of course, he will be writing about this. We will be talking about this for some time. Tim martin. Lets stay in asia, where the Producer Price inflation has been soaring in its fastest rate for almost nine yea rs, its fastest rate for almost nine years, since the beijing olympics. We go to rico hizon. Good to see you, rico hizon. This has caused marcus to fall, quite a bit, hasnt . That is right. We are seeing Producer Prices rising more than expected. You have the price of steel and other Raw Materials continuing to gain. This has boosted profits for industrial companies. But if you take a look at the Consumer Price inflation, sally. It could more than expected since january 200015. Ppi and the cpi are going in separate directions, and this is also leading some analysts quite puzzled about the strength of the broader economy. The Producer Price index jumping by the broader economy. The Producer Price indexjumping by 7. 8 in february from just 6. 9 in january. So economists are saying that the soaring darker was largely driven by a proactive fiscal policies. Dater. They refer to a sharp increase in government infrastructure and a railing into poverty s markets. 0nce infrastructure and a railing into poverty s markets. Once established as higher, the ppi and higher Consumer Prices, we could see a rise in Interest Rates in china, which could in fact on growth and impact growth in the region as well. She is back thank you forjoining us. Were also at the itb travel show in berlin, where the worlds Premium Airlines are competing for the attention of the business traveller, with the very latest in cabin comfort. You can see that bind me here. Behind. Corporate passengers are lucrative for the airlines but growth is sluggish, with more people travelling for pleasure than for business, and less need for face to face meetings thanks to internet conferencing. Tanya beckett reports. A tug on the heartstrings for lovers of Luxury Travel at this year s itb tourism show in berlin. As a middle Eastern Airline unveils a new Business Class aeroplane seat. It is pa rt Business Class aeroplane seat. It is part ofan Business Class aeroplane seat. It is part of an Industry Push to bring Home Comforts to the skies. What you noticed immediately is very Slick Technology and slick engineering. Notice. This seated area is pretty flexible, and should you wish to, you can share food with your friends, who are just sitting on the other side, all members of the family, of course. And at the touch ofa family, of course. And at the touch of a button, deceit goes completely flat and turns into a bed. The idea behind that is to create more living space around the Business Class, creating absolute privacy, and creating absolute privacy, and creating absolute privacy, and creating a Corporate Jet atmosphere, if you are travelling with your passenger. In these times where there is a focus on cost, our business is happy to pay that is . As a matter of fact, you are just plenty Business Class fare. Corporate travel is big business. German firms spend 50 Billion Euros a year sending their employees around the world. Of course, as a worker, you want all of the add ons you can possibly get, but it might be that your Company Takes the view that as long as you have a seat back and go flat, and a television, you will get a good enough nights sleep to work the next day. It is a culmination of the needs of the traveller who likes to travel and Business Class, of course, but when it comes to price and paying for those travels, the corporation is the one who dictates that. So we need to find a balance between luxury and say travel and the cost of travel. Travelling for business is all very well, but what people really wa nt is all very well, but what people really want is as much luxury as they can possibly afford when they are travelling for leisure. I know when it comes to me, but i want all of the features imaginable, plus, of course, when i am in the air, com plete course, when i am in the air, complete privacy. Tanya beckett, bbc news, berlin. Do you get the impression she is a little High Maintenance . We love her. She was the perfect person to send. These were the markets. Japan we re send. These were the markets. Japan were strong upright that Inflation Figure that came out of china that ricoh has already told you about. That is why hong kong is having such a tough day. Rico. I will season. I will a tough day. Rico. I will season. I will see you soon. When fire raged through Clandon Park House in surrey in april 2015, the 18th century mansion was reduced to a charred shell. The National Trust says that restoring the stately home will be its biggest Conservation Effort in a generation. Todayit today it is launching a £30 Million Campaign to find a designer who will ta ke campaign to find a designer who will take the challenge on. Graham satchell has been to find out how big the task will be. April 2015, and fire rips through clandon park hous. A masterpiece of the 1720s ruled by a knowledgeable fault. 0utside, it looks unscathed, but inside, you can see the damage. The roof, floors, and silly is gone. Much of its prized collection gone. And yet, experts say the structure of the building itself is sound. Despite the obvious damage, a melted land, a precariously hanging fireplace, the National Trust says it will be completely restored. We expect it will be completed in the summer. Some of the debris was eight feet high. You can imagine it seems that greeted the salvage team when they came in. The Salvage Operation he was painstaking. Teams of archaeologists sifted through ashun debris for months. Ash and. A competition opens today for designers to come up with plans for clandon park hous. It is planned that a National Exhibition place will be opened up on the top level. Jiggi make we can great space is here that the trust does not have anywhere else. Exhibition space. We can make. The usual mix of news business, news, and sport, to come. Plus the budget. How might the chancellors Announcements Faq and your pocket . That is at six a. M. The top stories this hour the boss of the giant south korean Conglomerate Samsung has gone on trialfor corruption. Its alleged jy lee oversaw the paying of millions of dollars to the countrys president in exchange for support on a big merger. Congress in guatemala has demanded an investigation into the cause of a fire at a government run childrens home, which killed at least 21 teenage girls. A United Nations report on the civil war in south sudan has warned that the country is moving closer to genocide. An australian man who pretended online to be the singer Justin Bieber has been charged with more than 900 child sex offences after persuading fans to send him explicit pictures. There are obviously International Angles to the budget of one of the worlds the guest economies. All of the papers are leading with the uks Spring Budget. The ft leads with the uk Spring Budget and says chancellor Philip Hammond has launched a £2 billion tax raid on self employed workers to provide extra money for social care. The uk economy is predicted to grow by 2 in 2017. The times their World Section looks at two separate attacks carried out by isis during the last week. 38 people were killed in afghanistan after militants stormed an Army Hospital in kabul and ten Train Passengers were injured following a bomb attack in madya pradesh, central india. It is the First Successful Terrorist Strike by isis in the country. Also in the same section of the times, more than 50 french teenagers are under arrest after gangs of School Pupils went on the rampage through three schools in pariss
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