Skip to main content

tv   Worklife  BBC News  November 25, 2019 8:30am-9:01am GMT

8:30 am
this is worklife from bbc news, with sally bundock and maryam moshiri. a big day for uber in london, as the firm finds out if it will receive the green light to continue operating in the city. live from london, that's our top story on monday the 25th of november. after major safety concerns led to the ride hailing app losing its license, uber will be praying for an extension in its top european market. also in the programme breakfast at tiffany's for lvmh, as the french luxury giant buys the jewellery chain
8:31 am
forjust over $16bn. pimp my ride. we'll tell you about the ethiopian driver who's turned his truck into a three bedroom home. we'll hear the remarkable story of the woman who says she's turning cannabis into a source of hope for those suffering illness and pain. today we want to know is a job for life a thing of the past? new research shows the average millennial may have had six jobs by the age of 34. is this a good thing? what's your experience? let us know — just use the hashtag bbcworklife. hello and welcome to worklife. let's get started. we are focusing on uber. uber will today discover whether it has received a new licence to operate in london,
8:32 am
its largest market outside the us. the company lost its licence in 2017 over public safety concerns but has had a number of extensions that have kept it going until today. the stakes couldn't be higher for uber which made a loss of $1.3billion in it's latest set of results. it's also facing growing competition from the likes of kapten, a french company acquired by german car makers daimler and bmw. it now operates in the uk, france, portugal and switzerland — and plans to expand to 15 european cities by 2020. and estonian company bolt also has uber in its sights — and it is present in 150 cities around europe, africa, asia and north america. andy cooney is with me now. he's from croud, a digital marketing agency first of all, before we move the ins and outs of uber, do you reckon they will get the licence extended today? i really don't know, i will have to andi
8:33 am
i really don't know, i will have to and i would have to be working within tfl to know that but from what i hear, people say possibly not, i saw a business group today saying give them the licence but it's up in the air and i think there will be some nervous people at obert today. there will be. times are slightly tough for them to say the least, what do you think happens next? they are in a really interesting position, they focused on growth above all else in a market where people were looking for growth above all else, now the climate has changed, they've been rocked by controversies and they are losing money hand over fist and they have competitors, like you say, coming in and effectively offering a very similar service and it's turned into a race to the bottom. we'll struggle for them, london is such a big market, i think it would be a real setback for them. huge setback and at this time of year, presumably they would have to stop operating immediately, that would be thousands of minicabs off the roads of london. talk is through whatever has been doing to try and i think the
8:34 am
ultimate ambition from the ceo is to be the operating system for everyday life is the phrase he used. integrating things like uber eats, they have jump bikes, integrating things like uber eats, they havejump bikes, uberfreight, uber works, they are matching someone uber works, they are matching someone who uber works, they are matching someone who wants uber works, they are matching someone who wants something to someone someone who wants something to someone delivering something, that's what they can do, they have an offering where they offer different things. but does that work in practice, often you can find companies who take on more than they can handle. that's the way from some investors. they are spreading themselves across lots of different areas, none of them profitable, they have this target by 2021, can they actually get there or are they spread too thin? i think the ceo himself said they need to cut back and they need to make things more efficient. if it loses its licence in london, no more extensions, what will that mean for uber going
8:35 am
forward ? will that mean for uber going forward? i think it will take another share price had come it's already been happening, 36% lower than when they ipo to come and it will be a setback from them, and it will be a setback from them, and it will make them read in other markets. andy, good to speak to you. thanks. when we get news from tfl we will make sure we update you. let's take a look at some of the other stories making the news here's a business story with a bit of sparkle. the world's biggest luxury goods company lvmh is buying tiffany & co for more than $16bn. the us—based jeweller has suffered falling sales in recent years hit by a strong us dollar and drop in tourist spending. it's the biggest luxury goods deal in history. frozen two has raked in $127 millon dollars over its opening weekend at the us box office. the sequel to the disney hit beat forecasts and the box office debut of the original movie. the sequel also set a november record for an opening of an animated film. worldwide, it generated over $350 million over the weekend.
8:36 am
tesla has received almost 150,000 orders for its new pickup truck boss elon musk has said, despite an embarrassing hiccup at its launch. mr musk was caught out on stage when the windows of the cybertruck shattered during a demonstration supposed to show their durability. going back to the frozen story, my kids went to watch it over the weekend. your thoughts? good, kids went to watch it over the weekend. yourthoughts? good, but not as good as the original. i got out of it, my sister took them. i let it completely go but i will take them again. interesting. will your daughters be getting a singing doll for christian —— for christmas? mummy is being a scrooge. they will get something. we must move on, otherwise we will run out of time. indian mobile payments firm paytm
8:37 am
has raised $1bn in a funding round including investment from china's alibaba and japan's softbank. monica miller is in mumbai tell us more. its chief executive earlier today said that this chunk of change will allow them on a new journey and that's going to take them into rural india, where these platform digital payments are far and few between. this will set over the edge with the amount of money and what's interesting, they are not and what's interesting, they are not a stranger to and what's interesting, they are not a strangerto indian and what's interesting, they are not a stranger to indian companies. they invested in flip cart, and amazon here, a massive company and that was bought by walmart last year for about $16 billion. there are hurdles that they have to face, including some stiff competition from amazon pay and google pay but as we can see with these type investors, they certainly see a good deal is to be
8:38 am
had. thank you monica. looking at the markets today in asia, positive day interesting to see the hang seng up day interesting to see the hang seng up one and a half percent, elections, regional elections today, pro—democracy protesters standing in the election doing particularly well. the hang seng 50 years old today, if you invested 15 years ago your return would be 16,700%. not bad. let's move on to the european markets. the brand—new trading week, positive territory across the board, global markets in general are positive because the new music coming from china about trade talks is pretty positive, they take action today which could help knelt down a deal in phase one of trade discussions between the us and china. sally, thank you. now to the us, where bargin hunters are at the ready for the begining of thechristmas shopping season.
8:39 am
vivienne nunis has the details. it's thanksgiving week and aside from the spike in turkey orders, that means one thing — american shoppers are gearing up for some serious spending, starting with black friday. deloitte forecasts that holiday sales in the us will increase by 4—5% this year as american consumers remain bullish about the economy and their household budget. but shoppers could face higher prices as a result of the trade war. tariffs that came into effect in september impacted $112 billion worth of chinese imports, including consumer electronics. analysts say shoppers should expect to pay more for laptops, high—end tvs, ipods and smart watches, with more tariffs set for december unless a trade deal is reached, shoppers could be out in force, aiming to beat the next lot of price rises. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is liz alley, director, brewin dolphin lovely to have you on the programme.
8:40 am
the national lottery, why are we talking about this? it's 25 years old, we had it for a quarter of a century. i remember when it first started. i remember it well. iwas ten yea rs started. i remember it well. iwas ten years old at the time. started. i remember it well. iwas ten years old at the timelj started. i remember it well. iwas ten years old at the time. i wasn't born, actually skim eschenbach camelot, those who run the national lottery say they've raised £40 billion for good causes but there's been so many stories since the beginning of the rise and fall of those jackpot winners. there has, absolutely. numerous stories. people who win the jackpot and go bankrupt within five years. people that get depressed, really fall over having all of that money, they don't know what to do with it, they leave a jobs etc, lots and lots of stories but also on the other side, there are huge numbers of stories of people that have won the jackpot and have gone on to set up charitable
8:41 am
foundations and a number of lottery winners are now advisers for new lottery winners. what's the difference between the ones becomes a curse for and the others it's a blessing for, how do they approach it differently, do you think? potentially, when you have an amount of money you have never had before it can be really difficult to navigate your way through how to handle it. one thing i would always recommend is take some time, take stock, if you had a really big windfall, take some time and think about what you really want to do. it's all very well and good rushing out to buy a car or leaving yourjob but actually, how do you guys fantasise but actually, how do you guys fa ntasise about winning but actually, how do you guys fantasise about winning the lottery? ido fantasise about winning the lottery? i do that sometimes, is it normal. fantasise about winning the lottery? i do that sometimes, is it normallj discuss i do that sometimes, is it normal.” discuss it at length, i don't fantasise! i've discuss it at length, i don't fa ntasise! i've got discuss it at length, i don't fantasise! i've got a list. anyway, you can tell i've not one, which is why i am still sitting at this desk let's move on to a story in the metro, job for life, four years will
8:42 am
do us, this is millennial is, those who have reached the edge of the report many have had six jobs and we are talking about careerjobs, not waitressing while you are a student or things like that, established jobs, we used to think when we joined a company we are here for a long time. i think we've seen the move away from more of a traditional society, there isn't so much of a need for millennial is now to have a security blanket, they are not getting married is young, having children as young, there's more opportunity to dip your toe as it we re opportunity to dip your toe as it were into different careers. i've heard it's almost seen as not a good thing if on your cv you stay in the same place for more than three yea rs. same place for more than three years. i've also heard that. you can ta ke years. i've also heard that. you can take that maybe with a bit of a pinch of salt. i think you need to give yourself the time to develop. an employer, your currently with, may be the right place for that, maybe before you jump you should
8:43 am
have some conversations with your employer. what's tricky though, if you movejobs often, there's issues like your pension, you've got lots of different tensions with different providers, it can get very complicated. it can, if you had six jobs up until the age of 35 that's potentially six different pension pots you have to keep track of so there's lots of things a play that you should think about before you jump you should think about before you jump ship and it's notjust pensions, it's other benefits that come with your employment, things like death in service, private medical insurance, they contribute toa medical insurance, they contribute to a positive work life. i've been here 16 years, you 17. i told everybody i was ten when the national lottery was launched! that is fact is, for the record, i am 47, let's put it out there. liz, thank you. we are putting a lot out there, but it is monday, liz, thank you. still to come ...easing the pain.
8:44 am
we'll be finding out how cannabis can help those suffering with illnesses. you're with worklife from bbc news. how can you be sure you're not being ripped off on black friday? colletta smith went to bangor university to learn how to avoid getting tricked
8:45 am
8:46 am
i would agree with that 100%. my brain needs all the help it can get. i always shop at night time in bed. do you? definitely not. you're watching worklife. a reminder of our top story: in a few hours from now, uber will find out if its license has been extended to continue operating in london.
8:47 am
now let's get the inside track on cannabis. most countries prohibit its use for recreational purposes. but there's evidence that medicinal cannabis has therapeutic benefits. our next guest knows all about the industry. whilst working in canada as a paediatric nurse, she observed some successes using medical cannabis in trials for epilepsy. those trials came too late for her own daughter, who lost a nine year battle with dravet syndrome in 2003. but it inspired her to get involved in the cannabis production industry. cannabis entrepreneur jeannette vandermarel is the ceo of beleave. welcome to the programme. we summarised your story a little bit, very sorry to hear, the loss of your only child. yes, thank you. she was born in 94 and her epilepsy was uncontrolled despite her being on numerous anti—convulsants. the drugs
8:48 am
we re numerous anti—convulsants. the drugs were devastating to her body, they did damage to her kidneys, lungs we re did damage to her kidneys, lungs were severely damaged, her bowels we re were severely damaged, her bowels were suffering. how do you think cannabis would have helped her if she had been able to use that?” think, i would she had been able to use that?” think, iwould hope it would have reduced procedures, discrete clinical evidence to show it works very effectively. but i think it also would have improved her quality of life and she would have had less organ damage because it's not a sample to the organs as the other drugs she was on. what happened to her inspired you to start this companies will talk through your journey from that first initial inspiration to where you are today. i was still working as a nurse in the paediatric intensive care unit at mcmaster hospital, around 2009 i started seeing some families using cannabis oil for epilepsy under the conditions relating to cancer treatments and things like that, i was intrigued, still very passionate about epilepsy treatment and the lack of efficacy for most of the current drugs so at the time we didn't have a programme, we had a
8:49 am
small medical programme at the time. the government was looking at ways of finding a commercial production scheme for delivering to patients. i'd applied as a researcher to do research on epilepsy but two centre that they asked us my husband and i if we would like to go to becoming a commercial producer instead so we found it and we were one of the early producers. this was in canada, cannabis for medicinal purposes was legalised but not recreational, is that correct, when you started? absolutely, medical only, the medical programme in 2000, late 2018 we actually went to adult recreational use or i coloured therapeutic. have you seen an explosion in demand, one would assume you would and many are looking at markets in europe where it's not legal, for example the uk. and that could have massive potential, in canada that's not been the case, has it? it hasn't, cannabis consumers will be cannabis
8:50 am
consumers, i don't think we've seen any great increase or uptake in the adoption of cannabis, the biggest area we've seen adoption of cannabis, the biggest area we've seen is adoption of cannabis, the biggest area we've seen is those over 55 and the older market using cannabis for therapies for age—related illnesses and pain and sleep. you went on to sell the controlling equity in the green organic dutchman, why? why did you move on? it's a rapidly growing industry. there is a lot of capital coming into canada and the stock markets were doing well and it was a public trade economy —— company, i thought about retiring and i couldn't so i found it another company called good and green and i merged it into 48 north and became the coat ceo and thought about retiring again in the summer went back and became the ceo at the new company. what people at all might wonder, there are those who understand the difference between recreational and medicinal but there are those who are sceptical about that. what do you say? are you worried about certain countries and
8:51 am
how they might look towards companies like this because not eve ryo ne companies like this because not everyone is as liberal let's say as canada. i agree but i see cannabis as therapeutic, whether you use it for ms or to relieve pain, i think it's therapeutic so the delineation of medical and recreational is challenging. one of the problem is why the industry hasn't grown significantly in canada is partly because of the black market, its so regulated, for good reason. it's very regulated. also the taxes on your products are high. much easier to get off the black market and is much cheaper. and we still see the majority of the products sold in canada is black market and we are working hard at that, we had a slow roll—out in retail stores. the government has had a taxed and regulated and restricted industry and that's good, but the black market is the biggest competitor and its untested, on quality assured. do you see for example government
8:52 am
policy shifting especially in the united states, some states, three for recreational use and certainly for recreational use and certainly for medicinal prescription. but with the rise in addiction to opioids for example, which for many people that's an addiction because they are looking for pain relief, the government policy might change because of this kind of issue? it's interesting, the gateway drug theory andl interesting, the gateway drug theory and i agree it is a gateway, away from some of the harder opiates. we've done tests in canada, people reducing opioid use, it's been really good for those things as well as analgesic and sleep aids, getting people of benzodiazepines and harder drugs which are more harmful. lovely to talk to you. thank you for talking to us. thank you so very much. in a moment we'll run through some viewer responses to our twitter question. the question was a job for life, is ita the question was a job for life, is it a thing of the past, how many jobs have you had? not many,
8:53 am
personally. at first. an ethiopian lorry driver who needed somewhere to live on the road. so, he came up with a creative solution — he built a two storey, three bedroom house in his truck. let's take a look...
8:54 am
it's a great idea, nomadic life and all of that. it's like a caravan on steroids. you wouldn't get it through many skinny streets in europe. but anyway. through many skinny streets in europe. butanyway. let's through many skinny streets in europe. but anyway. let's look at what you have been saying. at the top of the show, we asked you about whether the job for life is no more. let's take a look at how some viewers have responded.
8:55 am
that's the key thing for a lot of people, getting experience, making your cv look like you are dynamic. but you don't want to look like you are fickle. indeed, loyalty, some companies reward that, if you've been with a company for a long time, you get extra annual leave. what about career jobs what about careerjobs like doctors? professions. exactly. from that perspective. some do remain with an employerfor a very long perspective. some do remain with an employer for a very long time, perspective. some do remain with an employerfor a very long time, i know quite a few in this building. we've been here for a long time and we are hoping to stay here for a very long time and have you watch us for a long time. in cue for watching worklife. thanks for watching. see you the same time tomorrow. goodbye.
8:56 am
good morning. the start of this week will be dominated again by rain, also some fairly strong winds, particularly on tuesday. this morning it's been wet already across northern ireland, through northern areas of england, the midlands, southeastern areas, the rain pushing north and east, replacing the showers you've already had this morning in the north and east. quite misty and murky conditions. as the rain clears to the north—east further showers feeding in across southern areas, for all of us at some point today there will be our of rain, except perhaps the far north of scotland, here are brighter skies, sunshine developing letter but a mile a day, temperatures from many in double figures. tonight the rain continues moving readily
8:57 am
northwards, some clear spells initially before further rain spreads to the south—west of england, another mild night, temperatures not falling too far away, eight or 9 degrees. mild start for tuesday. you can see from this area of low pressure moving in, the white lines, close together, indicating strengthening winds for all of us throughout tuesday, in particular, south—west england and south wales, gusts of 40 or 50, possibly 55 miles an hour around the isles of scilly, the strongest winds. heavy rain moving north and east, particularly heavy across southern areas in the morning. there could be torrential downpours, tricky driving conditions. the rain moving up to northern areas, sunny spells, heavy showers behind, quite gusty winds for all of us, particularly in the south—west. still mild, the temperature is just like today, getting in double figures. as we go through tuesday night into wednesday, this area of
8:58 am
low pressure tracking eastwards, that low pressure system will dominate throughout wednesday, still outbreaks of rain particularly for england and wales during the morning. some of the rain could be heavy and falling in areas where the ground is already saturated, that could lead to some localised flooding issues. maximum temperatures on wednesday 10—12d. driest and brightest of the weather will be in northern ireland. as we go into the end of the week things quiet down somewhat, get some drier weather particularly through friday but look at the temperatures, starting to creep down a little bit, 4 degrees in edinburgh the weekend. mild started a week, wet and windy weather, turning colder by the end of the week.
8:59 am
9:00 am
you're watching bbc news at nine with me carrie gracie — the headlines: major wins for pro—democracy campaigners in hong kong's council elections, putting renewed pressure on the government. how people orderly and peaceful a line—up outside the voting station early in the morning just because they hope to get a vote which says we deserve democracy. staff at almost half of the uk's universities begin an eight—day strike over pay, pensions and working conditions, staff at almost half of the uk's universities begin an eight—day strike over pay, pensions and working conditions, staff at almost half of the uk's universities begin an eight—day strike over pay, pensions and working conditions, affecting around a million students. i have paid so much money to have a week basically written off my course, i want to get that money


info Stream Only

Uploaded by TV Archive on