tv World Business Report BBC News April 19, 2017 5:30am-5:46am BST
hello. this is bbc world news. i am ben bland with the headlines: letter on wednesday, members of parliament in britain are respected to vote in favour of an early general election, called for by the prime minister. she said she wanted to secure the electorate's backing for her brexit negotiations. theresa may has spoken to german chancellor angela merkel and other leaders about the decision. most public reactions have been positive, with officials saying they want stability for the forthcoming negotiations. donald trump has signed an executive order intended to curb abuses of a long—standing visa programme, which he says will encourage companies to "buy american and hire american". it is likely to restrict work visas for foreigners. police in california say three white men were killed and another wounded, when a black gunmen opened fire in a suspected racial attack. the local police chief said the suspect shouted god is great in arabic as he was arrested. all right. let's find out the latest
happenings in the financial world. sally is here with world business report. the boss of the uk's biggest business lobby group, the cbi comic gives us her reaction to the snap election called for by the british prime minister. —— the cbi, gives. and we talk to facebook about policing violent material on the social media website following the suicide of murder suspect steve stephens. hello and a warm welcome to you. welcome to world business report. i'm sally bundock. also in the programme we'll have all the market numbers for you as the global slide in shares continues in asia and the pound sterling holds its gains.
we were sure those numbers at the end of the programme. but first, here we go again. nine months after becoming prime minister, theresa may is ready dice and betting on a strong victory in a snap election on june the act. today, mps are expected to vote in favour of the proposal, which theresa may says will bring greater certainty as britain prepares to leave the european union. markets reacted sweetly to the news. on tuesday, the pound was on a roller coaster ride — itjumped — then swung to loss and back again rising by as much as 2.7% percent against the us dollar — some analysts believe markets are cheering the prospect of a larger conservative majority which would give less power to hardline eurosceptics within theresa may's party. the ftse 100, the leading stock market in london fell 1.8%, the most since early november. but despite the ongoing uncertainty, the international monetary fund predicts the uk economy will grow by 2% this year. this will make it the second
fastest—growing developed economy in the world, behind the united states. business groups have used yesterday's news to demand politicians make firm commitments as part of any potential election campaign. well, the confederation of british industry is one of the uk's biggest business lobby groups. ijoined by its director—general, carolyn fairbairn. good morning. first of all, your reaction. the snap election — a good idea? all, your reaction. the snap election - a good idea? more uncertainty is not welcomed by business. but many businesses are seeing the opportunity for a government with a stronger mandate bringing longer—term stability and also a potential benefit in terms of timing, and that the implementation period at the end of article 50 was going to have a general election in it, and now may need to be run with a bit of stability. so some good news and silver lining from this.” assume, from your point of view, as
head of the cbi, is all about brexit you, this election. the primers are having an elected mandate and getting a better deal, ultimately? de brexit outcome is usually important for british business. they are looking for a deal that gives the best possible access to the market. frictionless trade. —— the brexit. anything that allows that to happen more smoothly and rapidly is welcome. and come a stronger government mandate, the ability for a government to act in the national interest, less influenced by party politics, i think that is something that business is truly do welcome. how concerned that business is truly do welcome. how concerned are that business is truly do welcome. how concerned are you about the outcome, because june's how concerned are you about the outcome, becausejune's referendum last year taught us it is extremely difficult to project. and there was a lot of noise coming from top business leaders at the time. —— predict. a lot of business leaders seem to remain, but the public did
not. and we will not know what the outcome is, during the eighth, it is difficult to predict, and talking to the general public, there is very mixed opinions out there, now. —— june eight. a lot of people saying to leave are now saying there which we stayed in. one thing we will have now is a campaign that will bring the lens away from brussels and on the lens away from brussels and on the communities and counter the uk. we have a robust democratic process here. that is good. i think businesses will be looking to see every party set out its stall, what is its plan for the brexit presents? how are we going to maintain as far as possible the actions we have to the european market? they will also wa nt to the european market? they will also want to see the policies that the different hearties have on the domestic agenda. we have so many challenges around new technologies and the importance of maintaining innovation and skill levels. ——
parties. i think one of the advantages of the campaign is that people will be up to re—engage with the debate that has been politicised in europe until now. but briefly, one thing she has said is that no deal is better than a bad deal. so could we be in a position where, if she gets a strong mandate, where it isa she gets a strong mandate, where it is a hard brexit, that is we are not pa rt is a hard brexit, that is we are not part of the single market or customs union, andi part of the single market or customs union, and i assume that that is something that you, at the cbi, would see as unwelcome. we have been vocal on this and we will continue to be so with whoever is in government. and 80% of british exports would have tariffs on them. we would have red tape. additionally dirty for regulators without restriction on uk products. these are very bad outcomes. and so we hope that whatever happens, we will continue to represent our members voices on that important issue. —— oui’ voices on that important issue. ——
our members' voices. thank you for joining us. later on, we be to the boss of wpp, to get his reaction. throughout the day, be gauging the reaction from top business leaders. but now, let's about facebook. mark zuckerberg has paid his respects to the family of a man whose killing was filmed and posted onto its side. about one hour before the social media giant's annual developers' conference, police revealed that the suspect had killed themselves. steve stephens was believed to have uploaded a video to facebook showing the killing of 74—year—old mr godwin in cleveland on sunday. our north america technology correspondent staveley was at the developers' conference in san jose. before in sanjose. before making any announcements, mark zuckerberg addressed the killing of the grandfather, footage of which was posted on facebook. our hearts go
out to the family and friends of mr godwin, and we have a lot of work, and will continue doing all we can to prevent tragedies like this from happening. after the comments, he quickly got down to business. and flowers that are blooming... augmented reality was the big focus this year. we saw a range of fun features that add digital elements to the world. but as for the virtual world, the company is launching spaces, a place to hang out with your friends spaces, a place to hang out with yourfriends in spaces, a place to hang out with your friends in virtual reality, rather than real life. they‘ re investing in augmented reality and virtual reality. mark zuckerberg is convinced that this will be a key way in how we interact with friends online in future. but he needs to make sure that people do it through facebook and not their competitors. facebook and not their competitors. facebook is all about scale and engagement. so they have to make sure that they are covering every technology. and really rivalling any newcomer who can come along and
threatened that level of engagement that they really need with users. they really need to keep that to stay around long—term. they really need to keep that to stay around long-term. here is how tight this race is becoming. on the same morning, snapchat announced similar augmented reality features. and it is not the only thing. facebook has been accused of routinely copying snapchat‘s best ideas. they cleverly invented a format, the stories format, and i do think that it feels right at home in emerging out, —— in a messaging out. —— app. emerging out, —— in a messaging out. -- app. aside from the statement from mark zuckerberg, there has not been much talk about the negative effects of social media, such as the sharing of fake news or specialised content sharing of fake news or specialised co nte nt of sharing of fake news or specialised content of our children. what other technologies are you bringing to solve the problem of violent contact on facebook? right now, we rely on
people reporting content will stop overtime, we are hoping that artificial intelligence can automatically flag is content to review, so we can act much faster than we currently do. so we are working on technologies to help us do that. even with its many challenges, facebook is more powerful now than ever. within the year, the site will surpass 2 million active users. dave lee, bbc news, san jose. let's look at markets now. the us investment bank morgan stanley will reveal its latest set of results today. the computing giant ibm has announced a fall in sales in the first three months of the year. it marks the fifth straight year of declining revenues for the company as it continues its move away from traditional it infrastructure. egyptian archaeologists have unearthed a term which they say dates back 3500 years. and discovered a collection of mummies. the significant find has been made near the famous "valley of the kings", on the opposite bank of the nile from the city of luxor. david campanale has more.
this tomb is quite small, but it contains extraordinary archaeological riches. the find consists of an open court, leading into a rectangular hall, a corridor, an inner chamber. eight mummies were found, along with well—preserved and colourfully decorated coffins. translation: the tomb has a secret room, which dates back to the 21st or the 22nd dynasty. in the room, we discovered more than six coffins. unfortunately, they have been destroyed, but they have not been moved from their original place. among the finds were more than 1000 statuettes, figurines carved in wood and clay. translation: it was a surprise to discover so many elements inside. clay utensils with the name and title of the tombs owner. his name as userhat, and he belonged to the 18th dynasty. it's believed that the owner was a nobleman, who would have worked as a judge, and the tomb seems to have been left almost intact, unlike many ancient egyptian burial sites, which have been looted
by grave robbers. david campanale, bbc news. coming up at six 6am on breakfast, dan walker and louise minchin will have all the day's news, business and sport. they will have much more on the general election. plus, american philanthropist, bill gates, has praised what he called record—breaking achievements in fighting can neglected topical diseases. the worldwide campaign to control the disease is by 2020 was launched five years ago. drug companies donated 7 billion treatments. hello. iam ben bland. the top stories this hour: members
of parliament in britain are expected to vote, later on wednesday, in favour of an early general election, called for by the prime minister. she said she wanted to secure the backing of the british people for her brexit negotiations with the european union. theresa may has spoken to the german chancellor, angela merkel, and other european leaders about her decision. most reactions have been positive, with officials saying they want stability in the forthcoming negotiations. donald trump has signed an executive order designed to curb abuses of a long—standing visa programme and encourage companies to hire american. donald trump said widespread abuse of the immigration system was allow us workers to be replaced by people brought in from other countries. police in california say a shooting in which three white men were killed and another wounded is being treated as another wounded is being treated as a racial attack, not terrorism. the local police chief told reporters that the suspected attacker shouted god is great in arabic as officers
arrested him. now it's time for our news review. sally is here to go through some of our front sally is here to go through some of ourfront pages. we begin with the telegraph, who's headline expresses the surprise felt in some quarters over uk prime minister theresa may's sudden announcement of an early general election. next we have the left—leaning daily mirror calling out mrs may for making a spectacular general election u—turn after insisting there would be no new poll until 2020. lots of international papers also reporting on the election, including the irish times, which says a strong poll result would strengthen the prime minister's hand in talks with the eu over brexit. the scotsman says that scots