Business report with sally. Another brazilian president on trial for corruption we tell you whats at stake as michel temer faces removal after less than a year in the job. Apple unveils its homepod so will this revolutionise your experience in the home or is this a poor attempt to catch up with its rivals . Welcome to World Business report. Im sally bundock. In a minute well cross over to our Asia Business hub to hear about toshibas efforts to sell its microChip Business. But first it doesnt seem like all that long ago we were talking about brazils meteoric rise to economic stardom as one of the so called brics. But all that has come crashing down thanks to a string of Corruption Allegations involving top politicians and companies. And it could all come to a head again later today as brazils Top Electoral Court resumes its trial against the countrys former president Dilma Roussef and her successor michel temer. This is how the economy has fared over the last five years. Since rousseff was voted into office, there have been two years of recession ending last week when growth of 1 was reported for the beginning of this year. She was impeached ten months ago and succeeded by michel temer who has focused on Economic Reforms but could now be out of office by wednesday. Government policy is important because non Financial Companies owned by the state account for nearly 18 of the economy. The two biggest are eletrobras and petrobras. The latter is the state owned oil giant at the heart of the Corruption Allegations and was once the Biggest Company in latin america. With me isjimena blanco, head of americas Politics Research at verisk maplecroft. Always good to see you. You are just back from brazil. Just explain where michel temer sits in this Corruption Allegation story. If we take this back to 2014 wenbo corruption case, when it is the first case came about. When Dilma Rousseff and michel temer used Corruption Money to finance their corruption campaign. It began right after the election in 2014 that it is only just now that the court will set to try those allegations. And whats going to happen . Chanters are, everybody is expecting the court to make a radical move chances are. It could be that the government and mayor is accused of corruption in low earth jurisdictions. There mayor is accused of corruption in low earthjurisdictions. There is mayor is accused of corruption in low earth jurisdictions. There is an high probability that the court could scrap this. He is also facing other court cases and he is also facing 14 impeachment requests in congress. And this is seemingly endemic. It is Dilma Rousseff, it is michel temer, it is the former president and other politicians and leaders. It would seem the judiciary in brazil after a clean sweep. They took about this as the World Heritage case. They say this shows oui heritage case. They say this shows our Democratic Institutions are at work on that they are in pendant and they will continue investigating. Independent. Is out of office because of this, what will happen next . There is no direct election after the turn. They will be an indirect election and congress will get to choose the interim president until 2018. In get to choose the interim president until2018. In the meantime, the economy has just got its head above water in the first time in two yea rs. Water in the first time in two years. Economic outlook . Think it is positive because the economy, at this stage, is starting to recover, regardless of what happens politically. Investors are now used to this rollercoaster. The right the markets have priced this in and will continue to operate regardless of what happens on the political side. I know we will talk again as this story unfolds. Lets talk about a company that we all know well. Apple has held its annual Developers Conference in silicon valley. The tech giant has announced a voice activated loudspeaker powered by its Virtual Assistant siri. Apples homepod speaker can respond to questions and control other devices such as lights and central heating. 0ur north America Technology correspondent dave lee has the details. This is apples a new homepod. Then use part speaker that they are billing as a music device unlike amazons device. They say it has spatial awareness so it can fill the room with sale sound. I cant touchit room with sale sound. I cant touch it or hear it so i cant you have good it is but it will come out later this year and will cost 349. First released in the us, the uk and australia. Other countries coming in the new year. One of the potential downside is that you need an apple musics of scripture and in order to get the full integration so if you prefer get the full integration so if you p refer to get the full integration so if you prefer to use spotted by pandora, not the device review. Apple are pretty confident this will give them a good part of the market in this home space. It speaks to where apple wa nts to home space. It speaks to where apple wants to position this device as a speaker first. It is about music. Is that the fact they are focusing on it being a music device, is it a cover up for theory not being a very good system compared to a lecture and google home . I take your point. Yes, there is criticism in terms of oui yes, there is criticism in terms of our series not as smart as are the things. It is a fair criticism. I think there is a different approach here. It is not driven by necessity but driven by their play in the home. What you think about the home pot . Do you have a Virtual Reality friend or home assistant . Homepod. Get in touch on twitter. Foxconn could receive some backing from apple and amazon in its bid for toshibas Semi Conductor business. Japanese media quoted the chairman of Foxconn Terry gou as saying that the two us tech giants are set to contribute funds to foxconns bid. Lets get more on this with rico hizon in singapore. This is my assistance. This piece of paper is my assistance. Big hitters in the Technology Industry want a piece of this very profitable Chip Business of toshiba. He mentioned apple, amazon, taiwans foxconn. Western digital, all very interested. There are reports that foxconn may be the highest bidder because the pricetag is quite pricey. More than 20 billion us dollars. The talk is then they may offer a lot. There have been concerns expressed about foxconns bid. Apple and amazon mightjoin forces with foxconn for a four this Semi Conductor arm of the japanese conglomerate. The japanese is a bit to us giants plan to ship in the fund was a bit could be a triumphant effort that could buy the triumphant business of toshiba. The japanese Industrial Group is grappling with huge losses arising from its us nuclear business. The demand for Flash Memory Chips used for long time datastorage, smartphones and other devices is expected to increase on the back of a boom in data centres or technology companies, amazon, google and apple, in the age of Artificial Intelligence and the internet of things. That is what makes toshibas Chip Business indeed very attractive to the big hitters in the industry so we to the big hitters in the industry so we will have to wait and see if a deal will be done by the end of june. In other news a note of caution for most of the main markets. We have had seven weeks in a row for markets having a good time so caution ahead of the Federal Reserve meeting next week and a uk election. I will see you 0011. With just days to go into the uk election, Party Leaders are making final efforts to reassure voters over key issues including security and brexit. Among them are Scottish National party head, Nicola Sturgeon, and Liberal Democrat leader, tim farron, who fielded questions during a bbc Question Time special. 0ur scotland editor, sarah smith, was watching. 0ne one issue uppermost in the minds of the audience tonight, security. Tim farron was asked why he didnt support new internet surveillance powers. He said it would be counter productive. Powers. He said it would be counterproductive. What are the terrorists want us to do . To turn in on ourselves and be divided as a country. What do they want us to do . To give up on our freedoms and country. What do they want us to do . To give up on ourfreedoms and our liberties and i those of the things we must not sacrificed otherwise the terrorists would have w011. Otherwise the terrorists would have won. He was also tackled on the economy and tax. How can the Liberal Democrat make everyone pay an extra ip democrat make everyone pay an extra 1p of tax. You will have attitudes from people to say they will solve this problem without any money or we could be brutally honest and say by the price of a Cup Of Coffee a week, we can have the best nhs and social ca re we can have the best nhs and social care in the world. Snp leader Nicola Sturgeon was also asked how to deal with terror threats. We have got to tackle and address and challenge extremism wherever we find it and i believe very strongly that we have to do that with the muslim community. We must not scapegoat the muslim community. Shes faced several hostile questions about her demand for another referendum on scottish independence. You have lost a lot of boats full snp voters by going on with this referendum at this time. I am not proposing it fiow. This time. I am not proposing it now. I accept that point. When you proposing it . At the end of the process. It should be our choice will stop when the time is right and we know what brexit means for the future of scotland. Education, the nhs and brexit all came up but what voters he really want to know. Welcome to bbc news. Our main headlines. Police say one of the main London Bridge attackers was a well known supporter of an islamist extremist group. Mayor sadiq khan, says he wont allow donald trump to divide communities in the wake of the London Bridge attack, after the us president again criticised him on twitter. Now it is time for our news review. We start with the weekends Terror Attack in london The Independent showing one of the attackers, khuram butt, who was known to British Security services. The headline asks so how did he slip through the net . The japan times reports on the incident too, with extremism becoming an Election Issue for the uk. The paper says british people will still vote this week in the general election. It looks at how both major parties fare in the polls. Arab news from saudi arabia is reporting on the regional diplomatic crisis which has seen a number of countries cut ties with qatar. They accuse it of supporting extremism. The gulf news looks at the financial fallout for qatar. Stocks fell as a result of the uncertainty, and the price of oilfell too. In addition, qatari planes are to be banned from egyptian and saudi air space. The Financial Times reports on a surge in the number of job adverts related to blockchain, the technology underpinning the Digital Currency bitcoin. The papers says its one of the hottest areas for technology recruitment. Finally, gin is shaking and stirring up the Alcohol Industry and for the first time ever, the Popular Spirit is earning more money for the uk treasury than beer. Experts in the Daily Telegraph say the gin boom is partly inspired by james bond. With us is andrew tuck editor of global news and business magazine monocle. We will start to be independent
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