Ftse opening up just and you can see the markets, the ftse opening upjust a and you can see the markets, the ftse opening up just a fraction. And a hairbrained idea . Well meet the man dismissed from tvs dragons den, but went on to launch a multi Million Dollar business selling hairbrushes. He is here and he will explain how. And as a new report says more than a quarter of young people want to run their own firm we want to know, if you could quit work and start your own firm, what would it be . Let us know, use the hashtag bbcbizlive. Hello and welcome to business live. Its been nearly three years since attacks by so called Islamic State in sousse and tunis killed 60 people in tunisia. The majority of the victims were european tourists. At the time Tour Operator thomas cook stopped operating in the country but now its announced it will start selling trips there again today. Tunisia has been making a slow recovery since the terror attacks. In 2017 the National Office of tunisian tourism say that 6. 7 million tourists visited the country, a rise of 23 percent compared with the previous year. Egypt has also suffered from recent terror attacks. This includes the 2015 bombing of a Russian Airliner which killed 224 people. But earlier this month, the kremlin resumed flights to the country after a 26 month suspension. Thank you. With me is sarah grady, travel and tourism analyst, global data. Good morning and welcome. I wonder if we could start with how significant this move is, thomas cook saying it will begin selling holidays are gay, bell macro selling holidays are gay, bell macro selling holidays again. Does it mean . In terms of the impact it can have on tunisian tourism and the economy as a whole, it is huge. How badly affect it was said . This awful terror attacks, what does it do to awful terror attacks, what does it dotoa awful terror attacks, what does it do to a tourist economy like tunisia . The tunisian economy is so dependent on tourism, it had a devastating effect, uk arrivals fell by an think 90 from 2014 until now, a huge impact. Going forward it bodes well to have different carriers going out there and allowing people to go on holiday to tunisia again. You think thomas cook saying it is ok will give people confidence too big . Absolutely. I think with some that is renowned for its speech and sunshine holidays, if you want a beach holiday you dont wa nt to you want a beach holiday you dont want to think about whether it is safe, your insurance being invalidated, the package providers going out there provides confidence. So where have people been going since these Package Holidays were polled, it was very popular . We have seen people go to similar destinations, greece, cyprus, even more recently egypt and turkey have been improving, it can bounce back. The infrastructure and what we know about what has happened to those hotels in three years, have they been lying dormant, the infrastructure may not be update, it will take a little bit of time to get back up and running. Of course. I think this is a test season, we need to see how these trips go and i expect Going Forward we will see other carriers opening rates and its a case of time. There will have been a lot of improvements in security, both Border Control and actually on the ground, i think it bodes well. Interesting milestone as you say. Absolutely. Sarah, thank you. Lets look at some of the other stories making the news. Starting today, Japanese Cryptocurrency Exchange coincheck will allow customers to withdraw money from its portal. Just over two weeks ago, the exchange abruptly announced the suspension of a number of services after hackers stole 530 million worth of digital money. A bbc study has found that a quarter of property in england and wales owned by overseas firms is held by entities registered in the British Virgin islands. 23,000 properties are owned by nearly 12,000 firms registered in the overseas territory thats more than any other country. Indias tata steel says it will invest over 100 million to repair a Blast Furnace at britains largest steelworks in port talbot, in south wales. The move would extend its life by seven years and ease concerns about tatas commitment to making steel in europe. It comes after the firm signed a preliminary deal to merge its european steel assets with thyssenkrupp. Lets stay with manufacturing, this time in asia. General motors is to shut one of its four plants in south korea as it tries to make its asian business more profitable. The plant which was only running at 20 capacity will close in may. Monica miller is in singapore to explain why the firm is taking this step. Welcome, i guess it makes financial sense. The company has been in the process of downsizing globally, the automotive maker sending this message to south korean workers, the world focusing on the pyeongchang all in games, this is no coincidence, General Motors has had several rocky battles with the unions that represent over 16,000 korean factory workers and this is about to cut costs to stem losses. The announcement was made by General Motors career saying it plans to close one other four plans in an effort to cut costs and downsize overseas operations. They agreed in this to pay a charge of 850 million for the closure impacting more than 2000 employees on a coastal city, the close down expected in the month of may. The plans and south korea make cars exported to dozens of Different Countries including buick subs. This is notjust the impact and south korea, units in india, russia, western europe and Southeast Asia have been downsized are closed and the company has been putting more resources into china, it sells for more cars, subs and trucks than any other country in the nation. Monica, thank you. Lets ta ke lets take a look at the markets. Asian stocks pulled further away from two month lows on tuesday, lifted by wall streets extended rebound from last weeks steep fall, but investors remained cautious ahead of us. Inflation data later in the week. The hang seng is up, as was dow jones. The ftse down a fraction. And joe miller has the details about whats ahead on wall street today. On tuesday its all food and drink. Well hearfrom coca cola rival, pepsico, which is reporting Fourth Quarter earnings. And the company has recently launched bubbly, its a sparkling water brand aggressively marketed to millennials, complete with an expensive ad campaign to coincide with the oscars coverage. But revenues at the firm have been flat recently, in part because america is slowly falling out of love with the sugary drinks it helped popularise. And well see whether any company can survive when the behemoth which is amazon enters their market when blue apron reports. Its a food brand also aimed at busy, young people, which specialises in home delivered meal kits complete with all the necessary fresh ingredients. Its shares have lost almost three quarters of their value since the company floated to great fanfare last summer. Joining us isjeremy cook, chief economist at world first. Hello. Good morning. Inflation back in the spotlight again. Intertwined with Interest Rates. We get the latest reading in the uk, investors will look at that very closely. Yes, uk numbers at 9 30am, us numbers tomorrow, it all comes back to huge volatility we had last week, the friday before, taking you back 10 11 days, big wage numbers from the united states, people saying are we getting to the point in the us for we talk about high level soccer inflation, is a very high, the globalfinancial inflation, is a very high, the Global Financial crisis or inflation rate is quite low, but are above where it Central Banks and investors have what used to over the course of the last ten years. If that glacial numbers from the us tomorrow is high, showing with the stimulus coming through from the trump tax plan, we are at towards the end of the cycle of growth in the us economy, are we looking at a Federal Reserve may have to hike Interest Rates faster than it is at the moment . Weve been keeping a close eye on south africa, we are expecting an announcement in the next hour soak about the future of jacob zuma, the uncertainty and instability on the economy is a knock on effect, Cyril Ramaphosa will have a lot to do when eventually he comes in. When he eventually he comes in. When he eventually comes in, jacob zuma is half president have limpid, the anc have said we have not we have replaced you, the meeting, we expect an announcement as you said in the next hour, if he does not leave as a result of bad it will go to parliament, it happened in the early 2000, as soon as Cyril Ramaphosa is m, 2000, as soon as Cyril Ramaphosa is in, we expect things to start picking up. The infrastructure needs it. We will find out in the next hour. Interesting times. You will be back with the paper stories but for now, thank you and nice to see you. Still to come. Well detangle the trials and tribulations of launching a multi Million Dollar hair product. Well meet to the inventor of the tangle teezer. Youre with business live from bbc news. Its a big day for the uk economy with inflation and house price figures due from the office for national statistics. Inflation reached a near six year high towards the end of last year, but has it peaked . Andrew walker is here to tell us more. We were talking about what markets are looking for as far as inflation is concerned that this has an effect on the money in our pocket. Absolutely, what most people are expecting is another small decline in the headline rate of inflation, Consumer Price inflation, the most recent figure was 3 , the peak, probably the peak was 3. 1 a couple of months earlier, the figure we are expecting forjanuary is to put nine. The question is have we seen the end of the spike in inflation, following from the decline in the value of sterling which makes imported goods more expensive. It may be that we are now passed that peak although a small word of warning from the bank of england. They have suggested that the recent rise we have seen in the price of crude oil although it was partly reversed in the financial markets, there has been a boost to the price of crude oil, that might feed through and put english and back up a little bit, again, but the chances are in terms of the effect of the decline of sterling, we are probably through the worst of it. What impact could this have in terms of any impact from the bank of england . Key thing is whether this decline from the peak continues. We are expecting the peak continues. We are expecting the bank of england to start raising Interest Rates fairly soon. If this decline continues at the kind afraid we have been seeing the applications for the bank of england will be that they will move slowly and in very small steps. The big question i suppose is if there is a decisive upturn again then they might start thinking about the need to move more quickly but its not what we are expecting. Andrew, thank you. Full coverage of that in the bbc business live page and the story catching our ride, dont use showgirls to sell roof tiles as the headline, a lot of controversy late about red girls and promotional girls, this story on the bbc business live page. Not the most obvious connection. A new industry regulator will issue a code of conduct. You are watching Business Life. Youre watching business live. Our top story the travel operator thomas cook has resumed holidays to tunisia. Its the first time the company has operated in the country since the deadly terror attacks which killed 60 people, 3 years ago. We have been discussing how the country is getting itself back on track. A quick look at how markets are faring. Can you imagine being told your business idea was destined to fail . Not only that, but being told that on national television. Well thats what happened to our next guest when he appeared on the Reality Tv Show dragons den when pitching an idea for a new type of hairbrush that detangles knotted hair. He came up with the idea for the product in 2004. After three years of research he launched it and took it onto dragons den looking for an investment of 110,00 in return for a share of 15 of the company. What he got instead, was flat out rejection. But he was not to be put off and despite the mauling he got from the lions tangle teezer has expanded to more than 70 countries. And and is now a business worth an estimated 270 million. Astonished by those numbers. Shaun pulfrey, founder and inventor of tangle teezerjoins us now. Welcome. It is so nice to be back on the bbc. And we cannot say that your business is going to be a failure. We dont have any money to give you. Laughter you proved them wrong. And its this, this is one of them, well, one of the new ones. The original tangle teezer, that is what i presented to the dragons. But this has now been launched into the pet market. They look similar and they work in the same way . The principle, yes, why change something which is successful already. We had a lot of feedback from our consumers. Somebody said that they used it on their pet. I would have been more concerned in the early days about that. But ive been working with dog rumours, looking at. Working with battersea dogs home. Although they look similar, thats the winning formula, but the technology is different. Its dealing with shedding and detangling. We like to think we innovate different products that do thejob. Innovate different products that do the job. Lets get back all of those yea rs the job. Lets get back all of those years when you invented it. I have a daughter with really curly hair, i have two of these. I have been asked to model this. I shall do it. A first for me. It will work. I know that they work, i use them at home. I never use my hairbrush on my daughter because she would just scream in pain. What is so special about it . What makes it work . M scream in pain. What is so special about it . What makes it work . It was based on an idea right had when i used to do it in the salon. We had to engage with the hair. But the insta nt you to engage with the hair. But the instant you start combing you will get tangles. Two years of backwards and forwards try to create it. We came up with the way the tees interact and react with hair. In the past it had to be active, but this is passive. On the way the teeth into iraq. The attitude to women was that a hairbrush was an all round thing. That cannot be used with blow drying. Thats why we had brushes with a handle for that. You are now a huge success. What goes through your mind. People of that business acumen, they know their stuff and they say it is destined to fail. That must take resilience on your part. I agree totally. That must take resilience on your part. Iagree totally. It that must take resilience on your part. I agree totally. It possibly wasnt the best pitch. I didnt convey that i had done a lot of research and that there was demand. But i had been working in the industry since i was 16. I put that pacesin industry since i was 16. I put that paces in the salon. Even though it was a private venture. But i put it through its paces. The feedback i got was that it would be a success. When you came out of the failed pitch, what went through your mind . Well you determined to make a success of yourself . My determination was already there. They didnt destroy it. Were you determined. I was always prepared for rejection. But you cannot reject what you dont get. Laughter didnt your website crash after you had been on tv because 70 people wa nted had been on tv because 70 people wanted it . Good point. Ithought, if the dragons dont get it, there must be thousands of people at home that wa nt be thousands of people at home that want it. Because so many people wa nted want it. Because so many people wanted it. You have had phenomenal worldwide success. I have won awards, everything. You have made a decision to go into the pet market. Are you not scared about devaluing the brand . Why have you made the decision . More because the brand is established. We now have a blow styling finishing tool. In the industry we have a selection of tools. The pet one isjust on industry we have a selection of tools. The pet one is just on the detangling one. Time to move on. We see lots of similar items in the pet world. They were using a similar product. We felt confident to go into the market, particularly in the uk in the domestic market because it was so well established as a brand. We were asking people this morning. A quarter of all University Students wa nt to a quarter of all University Students want to set their own firm. They dont want to work for anybody else. If are watching, what are your tips for them . It sounds good. If any of them are watching. Youve got to have a passion. The friends you collaborate with at first will soon be your rivals. It isnt that easy at first. But i wouldnt change it. It is also manufactured in britain, which i am very proud of. You should be. Thanks. Weve had lots of messages. Alistair says a record 4. 8 Million People are self employed today, do it but with your eyes open. The median wage was self employed is below the average. Not everybody like sean is a millionaire. Brian says ive just started my own business in accounting, not the easiest but it is fantastic that i can work for myself. Keep your m essa 9 es can work for myself. Keep your messages coming. In a moment well take a look through the business pages but first heres a quick reminder of how to get in touch with us. Stay up to date with all of the days Business News as it happens on the business live page. There is inside analysis from our team of editors right around the globe. And we wa nt editors right around the globe. And we want to hear from you. Get involved on the bbcs Business Life web page. Business live web page. And you can find us on facebook. Business live, on tv and online, what you need to know. Quarter of all University Students leaving one to start up their own business. As we heard from our previous guest it is easier said than done. It is. But there is a lot more support for young entrepreneurs looking to set up. If thats an accountancy service, but also if they are selling online, selling through ebay, amazon. They might be importing goods from china. Selling them here, or selling them abroad. With the internet you can buy anything from one place and sell it in another place. Ship it off somewhere else. There are not barriers for importing. You dont have to have a premises, warehouse, things like that, because theyre all of these big websites that will be able to warehouse everything for you. Everybody has a side hustle these days. Side hustle chuckles lets talk about apple music and spot if and spotify. Apple was originally the catch up service, but they might be taking over. Yes, this isa they might be taking over. Yes, this is a this is another story of you google, are you apple . And you cannot have a bit from here added it from there. I recently bought a google phone. It is in sync with everything in the house. I didnt realise it but everything is google in my house, apart from the ipad which doesnt work any more, so i need to get rid of it. If you have an ipad, if you have the new apple home speaker service, their version of alexa, then the music you are going to have to listen to is apple music. Facebook tied in with instagram and it basically killed snapchat. It is about the reliance on the dominance. You cannot be bothered to get Something Else to talk with the other device. Google has the information side of thing. Apple is the entertainment side of things. Amazon isjust buying everything. It is putting pressure on Companies Like blue apron. Itll be interesting to see if people are cross border within this market and saying everything i use for entertainment is apple, everything i work is google, and everything i shop is amazon. The battery is taking the bite out of the power market. Batteries being charged by renewable energy. When the football is over and everybody puts the kettle on. There is a huge surge in the demand for electricity. There are certain power stations which a p pa re ntly are certain power stations which apparently run into action to make sure the grid doesnt crash. These new giant batteries are set up alongside the power grid to make sure that these are smoothed out. Its interesting to see we are becoming more electronic. Battery technology is so important. We see it in the car industry, so why not our homes, as well . Exactly. Thanks very much. Thats it from business live today. There will be more Business News throughout the day on the bbc live webpage and on World Business report. Well see you again tomorrow. We have a rather wet and windy start to the day for many Western Areas of the uk. Quite a bit of rain around. 0ver higher ground, some snow falling, but it is across scotland where there will be snow falling through the morning and into the afternoon, and even down to lower levels there could be snow which could cause some organs. This weather front is straddled across the uk. Early morning sunshine across the far east of england gradually being eroded by this cloud moving in. Some cloud behind this weather system showing us where we have some showers. Winter showers coming into the west. We get clearer weather coming through. But towards eastern part it will remain cloudy. Snow at times over the pennines. Down to low levels it is mainly rain and quite breezy conditions as well. During this afternoon, sunnier spells across much of south west england, across wales, the west midlands, it is all remaining cloudy and wet. Some snow for very northern scotland. And very cloudy skies. The weather front hanging on to give us outbreaks of rain. Temperatures between four and 5 degrees in northern parts. Up to perhaps 8 degrees further itself. The rain will clear away over tonight. Cloudy across the far east. For many, clear spells, which means a frost will develop. In the west, this next weather system is moving in. More in the way cloud and rain. Cabbages in belfast just above freezing. Elsewhere, the temperatures just hovering or below freezing, 4 in newcastle. Temperatures in belfast just above freezing. This next weather system moves in. Rain and snow over higher ground. As we go through wednesday, the rain is turning patchy in the afternoon for southern parts. Sunny spells eventually coming through in northern ireland, temperatures similarto northern ireland, temperatures similar to today. Towards the end of the week, the weather system that brought the wet weather on wednesday will clear away. Low pressure fairly close by. With that westerly airstream there could be showers at times towards the north and west. But many of us on thursday and friday will have dry weather, sunny spells, and temperatures roughly around six to ten, maybe 11 celsius. You can find much more on the website. Have a good day. Goodbye. Hello, its tuesday, its 9 oclock, im victoria derbyshire, welcome to the programme our top story today the commonwealth has secretly begun considering who might succeed the queen as its head it wont automatically go to Prince Charles on the queens death. Well bring you the story also on the programme why are men seven and a half times more likely to gamble then women . Ijust think its i just think its sort of a lad culture thing, you cant go to the pub ona culture thing, you cant go to the pub on a saturday afternoon without having the foot walk on the tv and obviously theres adverts that, on and you get the urge to sort of have and you get the urge to sort of have a bet on the football and i cant watch a game of football without having a bet on it. Well find out how much of a problem gambling amongst men is. Plus stand down or face being forced out
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