Transcripts For BBCNEWS World Business Report 20210122 : vim

BBCNEWS World Business Report January 22, 2021

That its plant in sunderland is now secure. Why . Because of the trade agreement reached between the uk and the eu. The companys chief operating officer, Ashwani Gupta, said the brexit deal was positive. He went further, saying that 7,000 jobs in the uk were safe and, by implication, tens of thousands more across the supply chain. Heres mr gupta speaking to our Business Editor simonjack from nissans headquarters in japan. Brexit for nissan is positive. And nissan being the largest automaker in the United Kingdom will take this opportunity to redefine the Auto Industry of the United Kingdom. Number one, it has created a competitive environment, not within uk, but outside uk. Numbertwo, all of our products, except one qualifies for the minimum localised content. And today we decided to localise a 62 kilowatts factory also in the United Kingdom, which means all our operations would be qualifying for this. They would become confident not only in the United Kingdom but outside the United Kingdom but outside the United Kingdom but outside the United Kingdom. Can the United Kingdom but outside the United Kingdom. The United Kingdom. Can you nuanti the United Kingdom. Can you quantify that the United Kingdom. Can you quantify that in the United Kingdom. Can you quantify that in terms the United Kingdom. Can you quantify that in terms of the United Kingdom. Can you i quantify that in terms of money and jobs in terms of how much this investment will mean. It is too early for us to say, simon, because today we decided to localise it. For sure if you are localising and bringing in the investments it will be good. But it is very important, as they have been saying, brexit is so positive for us that it has given Us Business Community but it has also protected more than 75,000 direct and indirectjobs for nissan around europe. Direct and indirect jobs for nissan around europe. What does the government nissan around europe. What does the government need nissan around europe. What does the government need to nissan around europe. What does the government need to do nissan around europe. What does the government need to do to the government need to do to secure electric Vehicle Production in the long term . We production in the longterm . We believe production in the long term . Believe that electrification is not only about cars, it is about batteries and the full ecosystem. Moving forward, there are two things which are important, whether the customer will buy and number two, and with the business will be sustained. In these two things, nissan, we already know how to do this. Government can become a catalyst to expedite the process, which will help customers and business to achieve electrification at a faster pace. But at the end it is customer and business which drives the application of electrification. In nissan there was electrification. In nissan there was a electrification. In nissan there was a focus electrification. In nissan there was a focus on electrification. In nissan i there was a focus on north america, china, japan, you said you would at Production Capacity cut of around 20 . How will you achieve that will that mean forjobs . I will you achieve that will that mean forjobs . Will you achieve that will that mean forjobs . Mean for obs . I think when it comes to mean forjobs . I think when it comes to europe mean forjobs . I think when it comes to europe it mean forjobs . I think when it comes to europe it is mean forjobs . I think when it comes to europe it is an comes to europe it is an important market for us because it is a 15 million market. What we did in europe was we optimise the Production Capacity by exiting the barcelona plant. The single plant being the best players in the world with more than 35 years of history, we have invested more than £4 billion invested more than £4 billion in this plant and we spent £3. 5 billion every year which goes to the uk economy. This plant has a capacity of 600,000 per year. Today we are running the two shift. So moving forward, as i said, nissan being the largest automaker in the United Kingdom, we are going to redefine the Auto Industry in the United Kingdom because brexit makes nissans plan competitive in the uk and outside uk when it comes to export. Nissan that ashwani gu ta export. Nissan that Ashwani Gupta there google has threatened to disable its Search Engine in australia if the government passes a law forcing digital giants to pay Media Outlets for news content. The move would mean the 19 million australians who use google every month would no longer be able to search, and 17 million australians who log into facebook every month would not be able to see or post any news articles. Lets go to Sharanjit Leyl who is following the story from our Asia Business hub in singapore. What is the issue . Yes, i mean, it is quite a big issue because it really is, victoria, a stark example of a tech guy trying to exert its power and influence. Google is essentially defying australias proposals to introduce a land more landmark new law code that will make notjust but facebook and potentially other Tech Companies pay local media providers for their news content. Google is arguing that the laws would damage local access to services, but australias prime minister, scott morrison, he has it back and said lawmakers would not yield to threats and other lawmakers in australia described googles ultimatum as blackmail and big corporations building democracy. The proposed news code would tie google and facebook to mediated negotiations with publishers over the value of news content if no agreement could be reached first. Google australias managing director, mel silva, told a Senate Hearing earlier that the laws were on walkable and she sat on social media that it is a turbulent to being, you know, the friend who recommends coffee shops to you and being asked to be paid for those recommendations if you then go to those coffee shops. She argued that this was not compatible with the free flowing share of information or how the internetwork. Now, Google Search is, we know, the dominant Search Engine in australia, it is seen as near essential with very Little Market competition there. The proposed law followed an 18 month review by the australian competition and Consumer Commission enquiry which showed that for every 100,000 hundred dollars spent 53 to google, and just 19 to other media companies. Just 19 to other media companies. Just 19 to other media comanies. ~. ,. ~. Companies. Wow. Thank you, and sharanit companies. Wow. Thank you, and Sharanjit Leyl companies. Wow. Thank you, and Sharanjit Leyl in companies. Wow. Thank you, and Sharanjit Leyl in singapore companies. Wow. Thank you, and Sharanjit Leyl in singapore for Sharanjit Leyl in singapore for us. With such a full domestic in tray, it would be easy to think the new us president might not have the capacity to tackle International Matters such as trade. Not so, according to a member ofjoe biden� s economic transition team. Jay shambaugh said if President Biden is to improve the lot of american workers, domestic considerations had to go hand in hand with trade deals. I think they are important. I think we live in a Global Economy and you cant focus only on the domestic. I think, for that matter, you cant focus only on a global without taking care of things on the domestic front. They intertwine so much. I think it is clear that a unilateralist based tariff based trade policy, that we have seen for the last four years, that we have seen for the last fouryears, has that we have seen for the last four years, has not worked, it hasnt accomplished even the goals they set out like reducing the trade deficit or anything like that. And it certainly done anything to change chinas behaviour in certain areas that i think you have seen people of both parties be worried about. I think you will see the steam turned back towards more of an allies based approach, trying to use the tools of a multilateral trading system to try to make sure the Global Economy works for us workers. I think that will be really crucial to everything that the president brings to this. He will be thinking will this be helpful to us workers . A lot of that will involve trade policy. I dont think you will see it kicked into the long grass. I think it will be really important. And viewers on bbc world news can see more of that discussion on whatjoe biden� s presidency will mean for the us and global economies on talking business with Aaron Heslehurst this weekend. The times are on your screen now with the first airing at 2330 gmt on saturday. Lets get some of the days other news. Protesting farmers in india have rejected the governments offer to put three controversial new farm laws on hold for a year and a half. Farmers said they will not settle for anything less than total repeal of the acts and a legal guarantee for minimum support price. Farmer protests have entered its 57th day today. Facebook� s suspension of Donald Trumps account is to be reviewed by its new oversight board. Mr trump, whose account was frozen indefinitely earlier this month, will be able to submit a user statement to a five member case review panel. Its ruling will be binding and apply to instagram also. Twitter has already banned him outright. The release of the james bond movie no time to die has been postponed to october from april, its producers say, another setback for movie theatres trying to rebuild a business crushed by the coronavirus pandemic. The movies new debut date is 8 october, according to an announcement on the james bond website and twitter feed. Put your hand up if you shop online. Before britain left the eu, uk shoppers could buy from across europe with ease and speed. But post brexit much has changed. New customs protocols mean the costs for uk retailers sending goods into the eu customers are much higher. And just three weeks into the new trading relationship, some retailers are discovering getting their returns back is very difficult, with some abandoning or maybe even burning goods because its cheaper and easier to write them off. Our Business Reporter Simon Browning explains. Scroll, choose, click, deliver. A seamless retail experience. Before 1january we could buy from anywhere in europe with ease and speed and europeans could buy from our retailers to. But since the start of our new trading relationship, problems and delays are appearing. When shoppers in europe have bought goods from uk brands, lots of them have been hit with new customs charges on delivery. But its meant lots of shoppers have said simply i dont want it, take it away. And now uk brands and careers are stock with a growing mountain of online returns. Goods being returned from europe to the uk are now subjected to another layer of customs charges and checks. The financials dont customs charges and checks. Tie financials dont make customs charges and checks. Tue financials dont make any sense. Companies have got no choice but to sayjust leave it with the Courier Company and the Courier Companies dont have storage space. They dont know what to do with the goods so they may end up being burned or destroyed. Liit< so they may end up being burned or destroyed or destroyed. Uk retailers are mounting or destroyed. Uk retailers are mounting. One or destroyed. Uk retailers are mounting. One retailer or destroyed. Uk retailers are mounting. One retailer has i or destroyed. Uk retailers are i mounting. One retailer has been mounting. 0ne retailer has been quoted £18,000 to get their returned goods cleared and back uk. They run a london bees sustainable fashion brand. Sales have run every year since launch. For now she has stopped exporting and trading with the eu because of the barriers of increased customs costs. It has been an absolute increased customs costs. It has been an absolute nightmare, i increased customs costs. It has| been an absolute nightmare, to been an absolute nightmare, to be honest. We started out the year cancelling orders, a lot of orders, actually, which was a really sad way of starting 2021. We always thought we would figure a way to do this. You know, we have received all the letters from hmrc about all these things you need to do and get ready for brexit, but, i guess nobody knew what that was. ,. , guess nobody knew what that was. ,. ,. Was. For those in retail, shipping was. For those in retail, shipping and was. For those in retail, shipping and freight was. For those in retail, | shipping and freight they was. For those in retail, shipping and freight they had just a week to adapt to the terms of our new relationship. Lots of new customs procedures to learn. How owners and difficult has it been . It to learn. How owners and difficult has it been . To learn. How owners and difficult has it been . It is a big difference difficult has it been . It is a big difference and difficult has it been . It is a big difference and it difficult has it been . It is a big difference and it is difficult has it been . It is a big difference and it is a i difficult has it been . It is a| big difference and it is a lot for a lot of people to accept and to learn about us well, to educate themselves with. The government educate themselves with. The government says educate themselves with. The government says it is working with industry to help them trade effectively under the new rules. But with parcels stuck and retailers believing its easier to write them off than to get them back, its not the smoothest start to our new trading future. Simon browning, bbc news. And staying in the retail sector. Just how bad is the situation for the Retail Industry . Later today well get a much better idea when the december data will be out showing how busy businesses were over the christmas period. Joining me now is stacey widlitz, chief international store hunter, sw retail advisors. You match premises with businesses. What are you expecting to see given what youve been hearing from clients . Well, if you think about the uk, we have basically only been open two week of the entire Holiday Season and were talking about extensions of store closes, perhaps three march. So this is an absolute disaster for physical uk retail through march. We have already seen online go up to 36 of the business from about 20 or slightly lower last year. So you look at brick and Mortar Retail and only about 25 , for example, of tenants are allowed to be open at the moment. So you are certainly seeing tenants are not paying their rent and a lot of rent is being deferred. So on top of everything uses talked about with all the customs issues, we simplyjust cant do business. It is a complete logjam here. Is the situation entirely out of the control of the retailers and the people who own these retail premises . Retail premises . Well, yes it is because retail premises . Well, yes it is because again, retail premises . Well, yes it is because again, three i is because again, three quarters have to remain closed because they are non essential. So some are closing coping quite well, click on collect, on site pick up, so there are solutions but the bottom line is everyone is going on line for their non essential needs and you have all these logjams with returns post holiday so its incredibly costly for retailers and for them to get up retailers and for them to get up to speed in terms of the technology to serve the customer on line has been a real challenge for most of them. � � ,. , them. And its not ust the retail sector. I them. And its notjust the retail sector. There them. And its notjust the retail sector. There are i retail sector. There are companies here involved that own all the space. And investors who are investing in retail. This is a much wider issue in Shopping Centres closed around it and in europe and the rest of the world. Absolutely. Landlords are not getting paid. That is a huge issue for them. They have immense costs. You look at france, for example. Germany has had the lockdown extended. Again, wejust has had the lockdown extended. Again, we just dont know how long stores are going to be closed so the trickle down effect is huge here. Were going to have to leave there. Stacey, thank you very much. Stay with us on bbc news. Still to come indias luxury staycations. How the countrys tourist destinations are faring in the new leisure landscape. Donald trump is now the 45th president of the united states. He was sworn in before several hundred thousand people on the steps of capitol hill in washington. Its going to be only america first. America first. Demonstrators waiting for mike gatting and his rebel cricket team were attacked with tear gas and set upon by police dogs. Anti apartheid campaigners say they will carry on the protests throughout the tour. They called him th

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