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tv   Worklife  BBC News  November 28, 2019 8:30am-9:01am GMT

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this is worklife from bbc news, with sally bundock and karin giannone. crypto crime wave. theft and fraud losses from digital currencies are soaring — as the market continues to boom. live from london, that's our top story on thursday 28th november. the european central bank is looking at its own cryptocurrency and china is launching another crackdown, so can regulators really control them and what difference would it make? also in the programme: social media showdown —
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china owned tiktok apologies to a us teenager for blocking her controversial videos as the us steps up its surveillance of hong kong. and the price of village life. we'll find out how one couple is making a business of selling entire spanish villages, and who is buying them. every day, thousands of people take on the responsiblity of caring for a loved one who's elderly, ill or disabled, but how do you cope with giving up a career and everything that goes with it, so we'll speak to one group trying to help the helpers. as we hear from the woman who is selling remote villages in north west spain to encourage investment, if you owned a village in rural galicia what would you do with it? let us know — just use #bbcworklife.
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send us your top tips and ideas. we start with the world of digital or cryptocurrencies. since bitcoin arrived a decade ago, the market has exploded — there are now more than 1,500 different digital currencies in use. supporters say they are the future of finance, but they are coming under growing scrutiny by governments around the world — and increasingly becoming the focus of crime. losses from digital currency crime and fraud soared to almost $4.5 billion in the first nine months of the year, according to a new report — that's up 150% on the whole of last year. the european central bank is just one organisation looking into launching its own digital currency to stop europe falling behind the us and china in the global payments market. it's been spurred in part by facebook‘s plan to launch a digital currency — libra — for its almost 2.5 billion users. the idea has rung alarm bells with governments and central bankers — as a potential threat to global financial stability,
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and that has seen high profile backers — including visa and mastercard — walk away. meanwhile, the world's biggest cryptocurrency — bitcoin — remains incredibly volatile. on wednesday it slumped a further 10% after china's central bank launched a fresh crackdown on cryptocurrencies. nathalie oestmann is chief operating officer of the uk digital banking platform. we have been talking about a cashless society. does this move mean we are getting closer to getting rid of physical currencies? there is a trend towards cashless. we have traditional forms for payments that are digital like a payments that are digital like a payment card or an account you can tra nsfer payment card or an account you can transfer but then you have technology companies coming into
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play like apple pay and google p who have introduced mobile wallets and uc applications plotter for rating and across the world the us is leading the way with classlessness in terms of transaction volume. followed closely by europe and asia and deftly forward three years age well triple 41 to 350 billion. we are seeing a shift with what is happening in this marketplace and it is increasing. there is a lot of evidence to suggest we are going in this direction but when it comes to digital currencies like bitcoin which are under guarded by digital currency we might be familiar with apple pay and a cyber ballot but a
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digital currency as a whole different world and the warriors that fraudulent activity is able to ta ke that fraudulent activity is able to take place. that is right. it is not going by any central bank and that is what has been the thing that people have enjoyed about it. enjoyed or abused ? people have enjoyed about it. enjoyed or abused? could people. we can't know because the anonymity is therefore the users transacting. can't know because the anonymity is therefore the users transactingm each central bank ends up having their own digital currency wouldn't that be the same as different physical currencies? how would transactions be easier? right now if you are making a cross—border transaction it is time consuming and clearing and settlement takes days. and it is expensive. what we are seeing as this government versus private economies that are coming head—to—head so we will see for
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example ripple who produces the xlp cryptocurrency are producing some commercial opportunities for companies to do cross—border exchange removing the multiple handovers using cryptocurrency. very volatile, not yet present but central banks are starting to look at this and seeing that these private companies are doing this. all of these activities including other central banks moving forward quickly such as china and sweden, it is causing movement in the marketplace and i think every government should be looking at this closely. and i think they are. thank you. there is a section on the app on that if you are interested. let's take a look at some of the other
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stories making the news. car production in the uk fell again in october according to a leading industry body. the smmt says it highlights that industry is experincing extermely worrying times amid continued brexit uncertainty. the number being made has fallen in 16 of the last 17 months. it dropped 4% last month to less than 135,000 with 80% of them being exported. staying here in the uk, environmental campaigners are calling for supermarkets to increase the price of "bags for life". research suggests theree was a 30% increase in the number of plastic bags shopper bought last year. campaigners say the price of the replacable bags which are made from a thicker plastic than traditional bags isn't high enough to deter customers from treating them as a single—use option. former netflix customers who cancelled their subscription months earlier have had their accounts reactivated and stolen by hackers. bbc radio 4's you & yours programme has learned that criminals can log in to dormant accounts and reactivate them without knowing users' bank details — because the company keeps former
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customers' data on file for ten months. netflix says the safety of its members' accounts is top priority. china has warned the united states that it will take firm action after president trump signed into law a bill in support of pro—democracy protesters in hong kong. the new law requires the us state department to certify annually that hong kong retains enough autonomy to justify favourable us trading terms. it could also harms the two countries attempts to reach a broader trade deal. andrew wood is in hong kong. markets were wobbly on this news earlier today. tell us more. in the end the hang seng index which has been very volatile over the last week and eat about one fifth of i%
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down. the big worry is that they will distort the relationship between the negotiations between america and china over the trade war and it means it will carry on for longer than people had been anticipating. it is a big issue that actually if america does decide that hong kong is not autonomous enough, that beijing is not letting it go its own way, their north american signs that and passes that low, and basically ta kes signs that and passes that low, and basically takes away hong kong's special status that could be really bad for the hong kong economy so thatis bad for the hong kong economy so that is another risk that people face. at the moment with the m essa 9 es we face. at the moment with the messages we have been getting from president trump he blows hot and cold about whether they will have a deal with china. he does not want to be seen shaking hands with the president of the more violence on the streets of hong kong. thank you.
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yet more tensions between the us and china, this time over social media. the popular chinese—owned platform tiktok has apologised to an american teenager who was banned from the site after videos she made criticising china went viral. vivenne nunis went to meet her at her home in newjersey. broadcasting from a bedroom in newjersey to the world. in four days feroza aziz‘s snappy video has been watched more than 5 million times on tiktok and twitter. curl your lashes, obviously, and then you're going to put them down and use your phone that you are using right now to search what's happening in china, how they're getting concentration camps, throwing innocent muslims in there... so, why did this 17—year—old high school student decide to speak out about an issue on which so many have stayed silent? as a muslim, i've always faced oppression and racism, but to see that these group of people, this ethnic group, is going through much more than i could ever imagine, i thought that this isn't right
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and i need to spread awareness about this. tiktok is owned by the beijing—based bytedance and it's faced criticism by some, who believe it sensors content that could offend chinese sensibilities. shortly after posting the videos, ferosa's tiktok account was suspended and her handset was blocked from accessing the platform. tiktok says that move is unrelated to her posts about the uighurs but ferosa is unconvinced. tiktok also briefly took down her video about uighurs. the company has now apologised and restored access to tiktok on ferosa's phone. the chinese government has consistently claimed that xinjiang's uighurcamps are for voluntary education butjust but just this week the bbc‘s panorama programme exposed leaked documents revealing how muslims there are locked up in high security prisons, indoctrinated and punished. i will continue to talk about it. i will talk about it on twitter, instagram, any platform, even tiktok, i'm not scared of tiktok, even after the suspension.
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i will not be scared, tiktok. another sign of how powerful social media platforms have become. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is alex hudson, who is deputy editor of the metro newspaper here in the uk. christmas is coming. it is black friday tomorrow but we are all very much in debt and that is not good. we are significantly in debt, £60,000 per household if you include mortgages. still over £50,000 if you don't include mortgages. it is problematic and there is this doomsday scenario where we don't know when it will happen but eventually it will cause all the economies to come crashing down. forget the mortgage, £15,000 per household of debt. that is
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incredible. it is the type of debt as well that is the worry if it is unsecured. it is credit card, unsecured, loose debt. debt leads to debt leads to death because interest rates are quite high and people are struggling with repayment schedules and taking out more loans. struggling with repayment schedules and taking out more loansm struggling with repayment schedules and taking out more loans. it really is quite depressing for young people that one in five millennials believe they will die with this debt and are set as they go to university they are looking at up to £27,000 straight off the bat. i think the fun thing we found is that as there isa fun thing we found is that as there is a thing called a lifetime loan which i hadn't really come across is that people will be starting to take out loans which could be for a car for five a out loans which could be for a car forfive a mortgage out loans which could be for a car for five a mortgage for life on the idea that becoming in debt for your entire life is being seen by young people as the new normal. what is concerning is on the run—up to black friday so many retailers are offering deals that we don't pay
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now, we pay later. that is encouraging us to spend money we don't have one we already have these huge debts. the accessibility, you can push one button, you don't have to go into a bank and ask for money. there is an algorithm to say yes or no. people are thinking about now instead of about pensions. interest rates are so low at the moment. and thatis rates are so low at the moment. and that is seen as part of the problem and the reason we haven't crashed yet because interest rates are so low that of people can pay it back it means the economy slows down and if people don't pay it back it causes debt to spiral. this other story, dark with criminals offering black friday discount codes. even the dark web is getting in on black friday. it is the perfect storm of where the market comes into force because even the dark web, even the
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online marketplaces, you're seeing discount codes for drugs fake ids. that is extraordinary, you can search online for a discount code for drugs. it is because the market is still flooded and you can actually... it is so competitive on these marketplaces people are having to compete with each other to get the best prices and offer the best product even if they are illegal. the best prices and offer the best product even if they are illegalm is mind—boggling. i wonder how anyone is policing this cybercrime. with great difficulty. if you look at how security and privacy don't like the big problem of privacy is affecting everybody. like the big problem of privacy is affecting everybodylj like the big problem of privacy is affecting everybody. i feel quite disturbed. we need to move on. let's talk about buying a village. we are
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going to find out about one couple selling entire villages. you're with worklife from bbc news. one of the uk's biggest cinema chains plans to restart screenings of "blue story" this weekend after banning it from all of its uk sites. vue stopped showing the film, about london the film, about london gangs, after a number of incidents at its cinemas — including a mass fight in birmingham. this brawl led to the film being banned. it started in the screen itself of blue story and it spilled out into the fourier and then it got really ugly really quickly. the
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decision to withdraw the film from all its uk screens upset many including blue story‘s director. all its uk screens upset many including blue story's director.m was breaking my heart because i am getting calls every day saying we are doing so well and then to get pulled from every cinema... vue's both said the decision was about safety in the film will return to screens with additional security arrangements. speaking to the community, the producers and directors, we are comfortable we can guarantee the safety of our staff and customers to put it back on our screens. both sides hope the focus can return to the film itself. there are so many stories out there which is why the business page is so useful. more gloom on the high
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street west peacocks set to rescue born marsh from collapse and staff potentially being made redundant. another name on the high street under significant pressure. netflix, that story that worried me when i came into work, even if you have stopped using netflix, because they keep your details on their system in a dormant manner for up keep your details on their system in a dormant mannerfor up to keep your details on their system in a dormant manner for up to ten months it has been found others can hack into that and start using netflix and you are being charged even though you think you have stopped being a netflix user. that isa stopped being a netflix user. that is a real concern. take a look if you would like to get more detail on top business stories. you're watching worklife. a reminder of our top story:
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cryptocurrencies, we have bitcoin, the european central bank thinking of beginning one and facebook launching libre and a new report shows fraud has gone up significantly in the first nine months of this year compared to last year, 150% climb. many of us take our working life for granted but every day in the uk another 600 people have to take on the responsibility of caring for a loved one. that could be someone who has become elderly, ill or disabled. in some cases that even means giving up their own career completely. it's a problem that's many countries with ageing populations are having to grapple with. so, how do you support all those carers?
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well, our next guest, paula bryan, who used to be a carer, knows all about these problems too well. she now runs carers4carers — a group that offers peer support for carers to improve their lives. i became a carer when i was still a child when my mum became diagnosed with schizophrenia. in 2017 my mum's health deteriorated and included dementia, loss of sight and ability andi dementia, loss of sight and ability and i moved back into look after her. at the same i was a senior service manager in a charity and i find it difficult to stay on top of everything. i was working more than 50 hours a week and coming home and doing another 30 hours and much of this was during the night so i was getting very little sleep and i was finding it difficult to concentrate. idid not finding it difficult to concentrate. i did not feel i had anyone i could talk to that work about what was happening at home. you give up your job, a really successful career, which must have been so difficult, because i imagine going to work was an escape. most definitely. i
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eventually took voluntary redundancy about a year later. almost overnight my life changed. i went from having a career i loved to being a stay—at—home carer on call 20 47 and eventually living off benefits which at that point was about £50 a week. it affected my pension as well. you started carers for carers and that in itself must have been a big job but tell us what it does for those who are in your possession. you're no longer that position but it is for people who find themselves in that position. we offer a range of services to help carers with their physical, emotional and financial and social well—being so we run programmes such as and social well—being so we run programmes such as health and fitness programmes, assessments, complimentary therapies, personal development programmes, and we offer services to companies such as pamper
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days and stress relief programmes for their workforce. we talk about there's so much more, the fact that many people behind—the—scenes are caring when they are not at work. what can employers do more widely to make life easier and perhaps to enable people to continue working even though they have to also have caring duties? hr and senior management need to work together to create policies that effectively can support and retain staff. if they are unsure about this i am a trustee for carers uk who have an excellent scheme and they can get in touch with them. is it getting easier for carers? no, unfortunately the social ca re system carers? no, unfortunately the social care system is being challenged by an ageing population and an uncertain economic future so the number of carers are continuing to grow. thank you for sharing your story. there is a lot more detail
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online. in a moment we'll run through some viewer responses to our twitter question. but first, do you dream of a rural holiday home abroad? well — why stop there when you can have a whole spanish village forjust $55,000?
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there has been a little bit about
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valencia and northern spain, are bit of interest, close to 300,000 euros. we own a little bit for us to be there and spend time and enjoy. we have been talking about how we can club together and by a village. a look at how some viewers have responded: dan condon: if i owned a village i would make housing cheap to rent for homeless and low—income people. stuart bailey: i would create
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a utopian democracy in which the villagers had an equal say in how their village is run, while i mostly sat on a throne drinking local wine. that's it from worklife today. there's been a lot of rainfall over the last 2a hours. for some of us. and there's more rain in the forecast today, but that but that is moving its way gradually southward. behind it, you're going to see things turning brighter but colder from the north. we've got an area of low pressure that's moving toward scandinavia. still this weather front moving southward that's bringing us the rain this morning but behind it is where we've got this colder air moving in from the arctic and you can see those blues starting to take hold across scotland and northern parts of england, but that rain will continue to spread southward. the far south and south—west of england staying largely dry with one or two showers and brighter skies. that rain moves into wales,
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the midlands and continuing in eastern england but temperatures about eight to 10 celsius, whereas in the north, as the colder air moves in, we will see those temperatures dropping down to about six to about eight degrees. tonight the rain will continue to move southward just getting a touch in the far south—west of england. elsewhere there will be some clear skies. it will turn much colder compared to recent nights. there will be some frost in scotland, the far north—east of england. here, temperatures below freezing and quite widely those temperatures down into fairly low single figures. throughout friday a cold start to the day. still some cloud across the far south—west. there could be a few spots of rain here. one or two showers possible in the north sea coast but for most of us it's a dry day and a much sunnier day compared to recent days but chillier. look at those temperatures. down to about four to eight degrees. going into saturday morning a really cold start for many of us.
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a widespread frost across the uk so we could see scenes like that but there will be some sunshine. the fly in the ointment will be this area of low pressure moving its way gradually eastward which is going to the far south—west of england but elsewhere high pressure dominating things so it's going to be a sunny and cold start and we'll keep that sunshine into the afternoon. it is just the south—west of england and perhaps south west wales that will see cloud, outbreaks of rain, a bit of a stronger south—easterly wind. temperatures 10 celsius. compare that to three to 8 degrees elsewhere. going into sunday, that area of low pressure moves of low pressure moves towards france. this area of low pressure becomes a bit more established towards the west and that keeps things relatively settled in to sunday and into the start of next week. staying quite chilly, temperatures down into single figures. it's midweek onwards next week we will see things change again.
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you're watching bbc news at nine with me, annita mcveigh. the headlines: labour is reshaping its election strategy with a new push to make gains in brexit—voting marginals being targeted by the conservatives. with exactly a forntight until voters head to the ballot box, how are the pollsters reading the campaign so far? we'll bejoined by the bbc‘s head of statistics in a few minutes. tensions escalate between china and the us after president trump signs a bill supporting hong kong's pro—democracy protesters vue cinemas looks to resume screenings of blue story, days after it banned the film
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for allegedly sparking violence


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