tv World Business Report BBC News May 29, 2017 5:30am-5:46am BST
this is bbc world news, the headlines: angela merkel, has warned that europe can no longer depend on the united states and britain, following the election of president trump and brexit. the german chancellor said europeans must take their destiny into their own hands. the british internal security service, mi—5, is to carry out an inquiry into how it missed the danger posed by the suicide bomber, salman abedi, who killed twenty—two people in an attack on a pop concert in manchester last monday. a large rally in rio dejaneiro, has called on brazil's president to step down over allegations of corruption. michel temer is accused of taking millions of dollars in bribes, and several parties have left his government. british airways says it intends to operate a full schedule of long—haulflights and a high proportion of its short—haul programme from heathrow on monday, after a weekend of disruption caused by a computer failure. now it's time for world business report.
france's newly elected president emmanuel macron faces a diplomatic challenge as he meets with russia's vladimir putin. but the countries do have deep economic ties. it used to call itself "the world's favourite airline", but with flight disruptions entering a third day, few of ba's passengers are likely to agree. welcome to world business report. i'm jamie robertson. in a minute we'll have special report from sri lanka on why the country is selling chunks of its infrastructure back to the country that built them, china. but first, today the new french president
emmanuel macron will meet with his russian counterpart, vladimir putin. the kremlin was hoping that the meeting would take place under rather different circumstances — in the recent french election campaign, mr putin had voiced his support for the eurosceptic candidate marine le pen, who lost to mr macron. nonetheless, the relationship between france and russia remains important to both countries. france is russia's biggest foreign investor — in the first quarter of this year, french businesses injected 797 million dollars into the russian economy. this compares to germany with $350 million and the united states at $130 million. significant tension still exists between russia and the west following the country's ongoing dispute with ukraine. and sanctions are still in place. with me is lilit gevorgyan, senior economist at ihs global insight british airways is facing questions over the catastrophic failure of its computer system and how it's
handled the fallout. vladimir putin wants to meet the man who managed to secure victory, despite the odds but secondly i think the russian president has a number of messages to deliver to the new french leader and the first message would be to decouple politics from economic and work on oui’ politics from economic and work on our political disagreements, rebuild oui’ our political disagreements, rebuild our political disagreements, rebuild our political relationship but i think president putin will use the word pragmatism which in russian interpretation means let's work on commercial relations. we are very much interested in around 6000 french companies working in russia... self interest, you are talking about. is mr macron going to
say i am part of the european union all let's talk about our relationship? diplomatically he will comment on long—standing russian— french relationship, the history and its ties to peter the great, however i think, lucky for the russian president, he is dealing with a french leader who probably has trust issues with the russian leader at the moment and he is also a staunch supporter of the european union so the sort of rees said that the russian leader would be looking for is unlikely to happen. do we know what mr macron feels about the sanctions? he has made clear that a tough stand is required against
russia for its involvement in ukraine and syria full dog what the russian president will try to do is suggest that the world political scene is changing. —— syria. . lets be more pragmatic and accept that russia is a global player and it has its terms of engagement. he is going to be in france, the reason he is there because of an exhibition to do with peter the great. a lot of symbolism. can you explain what that is? peter the great was the one who brought european modernisation to russia, the glory to russia. it was about engagement and opening up to the west and europe. the russian leader also hopes his legacy will be
one of bringing that glory, to be one of bringing that glory, to be one of bringing that glory, to be one of the chosen global powers in the world and expanding russia's borders by annex in crimea... with peter the great and mr macron... we must leave it there. thank you so much. we are now entering the third day of disruption, even if the airline says it's making "good progress" in returning flights to normal. but what about the economic fallout? in a few hours we will see how investors are reacting when the madrid stock exchange opens, ba's owner iag has a dual listing in london and madrid, but the london market is closed today. and our reporter at heathrow, joe lynam, says ba faces a huge compensation bill from passengers left stranded. they passengers left stranded. are obliged under europl rules
they are obliged under european rules to apply compensation for even a two—hour delay and some people have been waiting for a day and a half. that could stretch to $700 and thatis half. that could stretch to $700 and that is only one leg. it can see what i mean, you can see thousands of dollars per person multiplied by who knows how many thousands of customers. financially, this is going to cost them. a report from sri lanka. this port in southern sri la nka sri lanka. this port in southern sri lanka opened in 2010 and cost more than $1 billion and was paid for
with loans from china. there was only one ship here this morning and it left a little while ago. the next one does not arrive until tomorrow. compare that with these companies are the port in colombia, seeing hundreds of ships going in and out each day for top all of these has been built but barely anyone is using it. for sri lanka, the sport has become a large investment that is bringing few returns. that means the country is unable to pay back the country is unable to pay back the money it borrowed to build it and so instead the sri lankan government is now planning to give a major stake in the port to a chinese firm — it could be as high as 80%. it is activity that does not bring economic return. you can keep it there with nothing but the next step is to look if you can sell it. a
brand—new city is being created off the coast of colombia, with swanky corporate offices, apartment blocks, parks, and even a marina. it is being built by chinese company but in return for the money, two thirds of this city it will be handed over. china will effectively control another part of sri lanka. some china backed projects led to protests from locals and willing to sell their land, homes and farms for development but not all chinese investment has been without benefit. many highways and roads construct that have helped boost tourism but sri lanka is trapped in a debt crisis and owes $1 billion to china alone. so whether good or bad, the government here does not have much
room to negotiate on the kind of deals it tries to do to help its economy and its people. in monaco, the yachts stole the show but what will you do if you do not have all the space for all your toys. if you area the space for all your toys. if you are a member of the super—rich, the chances are you will have a super yacht but that comes with it headaches like we do you put the all your private submarine? this is what this is all about. it is really rather special. this is the game changer. the idea is that it is as port vessel for super yachts so when you are cruising around the
caribbean and you do not want your little toys cluttering your decks, and you have somewhere to put them. it is 60a and you have somewhere to put them. it is 60 a beach is long. spaceball speedboats and irreplaceable is. in this market, size does matter. you need somewhere to park your helicopter. this is the all—important helipad. and a hangar to keep it safe and dry. this is a limited market, there are only so many people in the world with super yachts that might need something like this. if you have to ask how much it costs, you really cannot afford it. you can get in touch with me on twitter. i will be back with more when we look at the newspapers later. more than 200 drivers a day have
been caught using their mobile phones in the month since the law was tightened. according to figures obtained by the press association — that's the equivalent of one offence every seven minutes. campaigners say the findings are very worrying. the national police chiefs' council says that drivers need to understand this is not a minor offence. nick quraishi has more. police forces across britain could almost 6000 motorists in march, more than a third happened in london with thames valley recording 478th and 339 in scotland. the actual figure could be higher because seven forces did not respond to freedom of press from the press. people losing points
and getting fines. new drivers at risk are banned for sending a single text message. road safety campaigners say many motorists are ignoring warnings about the dangers of using phones are high and the wheel, despite a string of campaigns and the risk of harsher sanctions. a woman killed by two cyclists in a shooting in north london on friday has been named. twenty year old mohannah abdhou died at the scene on friday evening. it's thought she was standing with a group — when they were approached by two men on bicycles — who fired shots. police say the suspects had their faces covered and they're asking anyone with information to come forward. coming up at six o'clock on breakfast — naga munchetty and rogerjohnson will have all the day's news, business and sport. they'll also have more on the challenges facing people who have been out of work for a long time because of family commitments.
a small number of uk firms are now offering paid work placements — known as returnships — to help people make that transition. this is bbc news. the latest headlines: the german chancellor, angela merkel, has warned that europe can no longer completely depend on the united states and britain, following the election of president trump and brexit. speaking at an election rally, she said europeans had to take their destiny into their own hands, while remaining friends with america and the uk. the british security service, m15, is to carry out an inquiry into how it missed the danger posed by a suicide bomber who killed 22 people in an attack at a pop concert in manchester last monday. the authorities are reported to have been repeatedly warned that salman abedi seemed set on carrying out a terror attack. thousands of people have rallied in rio dejaneiro, calling on brazil's president to step down over allegations of corruption.
a supreme court investigation has released testimony alleging that michel temer took millions of dollars in bribes and a number of parties have left his governing coalition. british airways says it intends to operate a full schedule of long—haulflights and a "high proportion" of its short—haul programme from heathrow on monday after a weekend of disruption caused by a computer failure. it says all flights will run from gatwick as normal. now it is time for our news review.