Lets start with china, because in the past few hours the worlds second biggest economy has just released its latest Economic Data. The countrys economy grew by 6. 5 in the Fourth Quarter compared to a year ago. That was slightly higher than many analysts had been predicting, with the markets forecasting that figure to be around 6 . And for the whole of 2020, the chinese economy grew by 2. 3 , which is its slowest pace since 1976. However very few countries are expected to show any signs of growth at all, given the damaging effects of covid 19. Were nowjoined by beijing by yue su whos an economist at the Economist Intelligence unit. This intelligence unit. Figure, will it be seen as success , this figure, will it be seen as success, relief, disappointment . Success, relief, disauointment . , disappointment . You ust mentioned i disappointment . You ust mentioned that i disappointment . You ust mentioned that this h disappointment . You just | mentioned that this figure disappointment . You just i mentioned that this figure is slightly above the market consensus, but i would say that it is in line with our prediction and shows that the economy is almost normalised. He however there is some balances in china, the Fourth Quarter gdp is majorly influenced by external demand rather than domestic demand. And in terms of chinas recovery from the pandemic, do you get the sense that that is now well on the way or is it yet to really see affects of measures to support the economy . I measures to support the economy . Measures to support the econom . ,. , economy . I would say that i think the economy . I would say that i think the measures economy . I would say that i think the measures have think the measures have successfully helped china to return to positive growth but i would have two say that there is some uncertainties in this quarter, because now and in northern part of china we see a couple that will cause some fluctuations in the Fourth Quarter of 2021. However, overall, i think chinas economy is on track of this recovery and is almost normalised. Recovery and is almost normalised. ,~. , normalised. Speaking about normalised, normalised. Speaking about normalised, id normalised. Speaking about normalised, id just normalised. Speaking about normalised, id just wonder | normalised. Speaking about l normalised, id just wonder in terms of normalising relations with the us after four years where its been particularly tense, this week, a new president takes over, joe biden, what do you see the effect of that could be for us china relations and economic operations . I uschina relations and economic operations . Operations . I think there are two important operations . I think there are two important things operations . I think there are two important things to operations . I think there are l two important things to watch and abide in� s presidency for the first year. I think one thing which is important is, were going to closely monitor the 1. 9 trillion stimulus package from the government and that might help chinas export because it will increase the demand of americans Consumer Centre and the second important thing they would have to say is that on biden� s political agenda, china might not be the First Priority after biden takes over the office, because for biden, the priority after an operation would be heel america, the vaccine rollout and help the us economy to recover rather than china us relations or tariffs on the top agenda. Relations or tariffs on the top aaenda. ,. , ~ , agenda. 0k, yue su, thank you forjoining agenda. Ok, yue su, thank you forjoining us agenda. 0k, yue su, thank you forjoining us therefrom forjoining us therefrom beijing. Lets see how the asian markets are faring today. And they have, well, in some cases bounced back. The hong kong hang seng has from earlier losses after that chinese Economic Data was announced but there is evidence you can see elsewhere that investors remain cautious due to rising infections in the region. Those are the latest numbers for you. The Seoul High Court is set to give a final ruling on Samsung Electronics� vice chairman jay y lees bribery charge. Lee was convicted of bribing an associate of former President Park geun hye and jailed forfive years in 2017. That sentence was reduced and suspended on appeal and he served just one year injail before being freed in 2018. Prosecutors are seeking a nine yearjail term for him. Joining me now from our Asia Business hub in singapore is shara njit leyl. Whats the latest, sharanjit . We have just literally in the last few minutes got the verdict out, jay y lee has been sentenced to 2. 5 years on that bribery charge, prosecutors had been requesting a nine year prison term for him and even though he seems to have gotten off lighter than expected, though analysts have been warning that his legal problems are beginning to potentially scupper samsungs future as a global tech giant. It is of course the Worlds Largest smartphone in memory chip maker, it produces a plethora of other electronics as well but this bribery charge over the last few years over which he served jail time has really sidelined him from major Decision Making for the conglomerate. It hasnt been great timing for samsung. It really is in an intense fight right now to overtake rivals and chip and a factoring, and Artificial Intelligence and they say samsung is really at a crossroads and risk being left behind as it does not have a clear leader in charge. Lee is 52 years old, he has been the fact ahead of Samsung Electronics after his father was hospitalised after a heart attack in 2014 and he died in october, but the chairman role has yet to be filled and there is lots of uncertainty because by his sons legal troubles. That was the chief reason behind why that role had not been filled. Jay y lee says he will not hold over Management Rights to his children and he has apologised for the actions of others in the company. We will wait to see what the court has decided. Lets get some of the days other news. Bt is facing a Class Action Lawsuit over claims it failed to compensate elderly customers who were overcharged for landlines for eight years. In 2017, telecoms watchdog 0fcom found that bt had been overcharging 2. 3 million landline customers since 2009. Law firm Mishcon De Reya has filed a claim with the competition appeal tribunal worth £600m. A group of London Business leaders has written to the government calling for Financial Support for the struggling rail firm eurostar. Bosses of firms such as Fortnum Mason signed the letter asking for access to government loans and Business Rates relief at the very least. The government says it is working closely with eurostar. Audi will delay the production of some of its high end cars because of the massive shortage of computer chips, according to a report by the financial times. The car maker has put more than 10,000 workers on furlough because the chip shortage has slowed down its production process. Deliveroo has raised a further 180 million from existing investors, including minority shareholder amazon, in a move that values the business at more than 7 billion. The british Food Delivery Company is set to hold an initial Public Offering later this year, which is expected to be the biggest new share issue in london for three years. Germanys Biggest Political Party the Christian Democratic Union has chosen Armin Laschet as its new leader. Mr laschet will replace german chancellor angela merkel, who has been at the helm for 16 years. With the country due to hold elections in september, laschet may well end up as leader of germany, the most powerful economy in europe. So who is he and where, economically, does he stand . Were nowjoined from berlin by holger schmieding, whos the chief economist at berenberg. What can we expect from him, then . , ,. , what can we expect from him, then . I,. ,. Then . Very simple. Has economic views are largely then . Very simple. Has economic views are largely more then . Very simple. Has economic views are largely more of then . Very simple. Has economic views are largely more of the views are largely more of the same. He is the continuity candidate, he will largely pursue the policies of worker and after all, as germany is in good shape, that is not bad for the country. He is a unifier, which is good, and which would also be good for the Electoral Prospects of the party. Look ahead for some cut in red tape, only modestly, look ahead for a bigger push for the digital economy, a big boost to innovation but only modestly, so all in all, continuity candidate, more of the same. We should make it absolutely clear that while Armin Laschet has been chosen to be leader of the christian democrats, that doesnt thoroughly mean he will get thejob of doesnt thoroughly mean he will get the job of chancellor. As he popular enough to get that when it comes to a vote later this year . When it comes to a vote later this year . Well, actually he is not very popular. This year . Well, actually he is not very popular. Of this year . Well, actually he is not very popular. Of all this year . Well, actually he is not very popular. Of all the i not very popular. Of all the candidates to lead the cdu he was the least popular with the wider population. He is the establishment candidate. It will probably depend on the outcome of two state elections on the 14th of march whether Armin Laschet will stay on to be the joint candidate of the cdu and the bavarian csu for chancellorship to replace merkel, or if the bavarian markets is that it will be the joint candidate, but he has now eight weeks to prove this matter until the state elections in the middle of march. �. , , march. And then whoever ends up takin march. And then whoever ends up taking over march. And then whoever ends up taking over as march. And then whoever ends up taking over as the march. And then whoever ends up taking over as the chancellor, taking over as the chancellor, after angela merkel, what are the particular challenges they face and getting germanys economy back on track after the pandemic . Pandemic . The particular challenge pandemic . The particular challenge is pandemic . The particular challenge is not pandemic . The particular challenge is not really pandemic . The particular challenge is not really to | pandemic . The particular. Challenge is not really to get the economy back on track. That will come on its own when the pandemic fades. There is pent up demand Consumers Want to go out to spend and german manufacturing, which is a powerhouse in europe and the world is thriving thanks to global demand. The real challenge to the new chancellor is to preserve the basis for germanys economic strength, thatis germanys economic strength, that is to keep regulation in check, to make sure that taxes and payroll taxes dont rise, so that germany remains a good place to create jobs. That is the challenge. Do not give into too much temptation is to spend money on things that would not be relevant, do not promise too many social benefits that the country could afford an near term but not in the long term. Nearterm but not in the longterm nearterm but not in the longterm. Nearterm but not in the ionaterm. , ~ ,. , longterm. 0k, thank you very much. Youre longterm. 0k, thank you very much. Youre welcome. Now, what do you make of my background . Stay with us on bbc news, still to come getting the right background for your zoom conference calls. We speak to the Company Providing second hand books to ensure its customers have a first class look. Donald trump is now the 45th president of the United States. He was sworn in before several hundred thousand people on the steps of capitol hill in washington. Its going to be only america first, america first. Demonstrators waiting for mike gatting and his rebel cricket team were attacked with tear gas and set upon by police dogs. Anti apartheid campaigners say they will carry on the protests throughout the tour. They called him the butcher of lyon. Klaus altmann is being heldj on a fraud charge in bolivia. The west germans want i to extradite him for crimes committed in wartime france. There, he was the gestapo chief, klaus barbie. Millions came to bathe as close as possible to this spot, a tide of humanity thats believed by officials to have broken all records. This is bbc world news, the latest headlines new video emerges of trump insurrectionists inside the Senate Chamber rifling through desks and photographing documents. A major expansion in englands vaccination rollout, as the over 70s are sent an invite for theirjab, as well as those who are classed as clinically extremely vulnerable. Whenjoe biden becomes the us� 46th president on the 20th of january hell be inheriting a country notjust racked by a Health Crisis but an economic one. The president elect has said that top of his agenda to rebuild americas economy is to repair the countries crumbling infrastructure. As the bbc� s north America Business correspondent Michelle Fleury reports from new york. It is one of the biggest construction project in the history of new york city. The renovation of laguardia airport. Despite being the busiest domestic airport in the United States it is frequently been criticised for outdated facilities. Even the incoming president once mocked it. If i president once mocked it. Ifi took you blindfolded to laguardia you would think i must be in some third world country. I am not must be in some third world country. Iam notjoking must be in some third world country. I am notjoking that country. I am not oking that comment. H country. I am not oking that comment, the i country. I am not joking that comment, the spark country. I am not joking that comment, the spark for country. I am not joking that comment, the spark for the i comment, the spark for the airports current modernisation efforts. Rick cotton, head of the Port Authority that runs laguardia says it is well past time for america to invest in infrastructure. Infrastructure. The United States, across infrastructure. The United States, across the infrastructure. The United States, across the entire l states, across the entire nation, really has let the infrastructure of the country sink way below acceptable levels and new york and new jersey area was no exception. 0ne jersey area was no exception. One area still waiting for redevelopment, a rail link to get to laguardia airport. Right now the only way to get there via public transport is to take a bus link on often busy roads. Joe biden wants to go big on infrastructure. He believes it is a cree ingredient to deliver a robust and sustainable economy, one that will deliver for americas middle class. It is a recipe that has been tried before. In 1956, president eisenhower worked with congress to create Americas National highway system. A giant success the Incoming Administration would like to emulate. The question would like to emulate. The question is would like to emulate. The question is whether would like to emulate. Tue question is whether the would like to emulate. Tta question is whether the whole congress is behind where president elect biden wants to take the country. And can we rally behind a common vision like we saw in the 1950s. I have my doubts, but there is a lot of optimism puzzling in their. That meant with Interest Rates low, the biden administrator hopes that spending on infrastructure will get america off the ground after the coronavirus crisis. Its notjust infrastructure which will be high on the agenda Whenjoe Biden takes over this week. Media reports suggest a vast range of executive orders may also be in the pipeline, which will issue decrees to reverse President Trumps travel bans and a plan to re join the paris climate accord. This all comes at a time when the outgoing president is facing a corporate backlash for his role in last weeks storming of the capitol. Joining me now is Justin Urquhart stewart, whos the co founder ambassador of seven investment management. Is the corporate backlash against trump much of a surprise . And how do you think the Business World will react to joe bidens plans estimate they are looking forward to see the expenditure come through full this is actually, it would not just pierre infrastructure but also to encourage further expenditure throughout the economy to try and get things going again and this is something that has been done around the globe, as the Global Economy recovers from a corporate coronary. When he tries to undo some of the measures that President Trump put into place such as the executive order on the keystone pipeline, the executive order on the stimulus package, what will that go down in terms of business reaction . Tt will that go down in terms of business reaction . Business reaction . It will be vital. Firstly business reaction . It will be vital. Firstly they business reaction . It will be vital. Firstly they want i business reaction . It will be vital. Firstly they want to i vital. Firstly they want to make sure that some of the initiatives in regard to environmental changes will go through so we will see the International Agreement on the paris accord, joining that and bearing in mind, the important issue of the transpacific agreement which President Trump pulled out of almost immediately. If they can get back into that again and then start making sure they can sign chinas control of that, that would be seen as positive indeed. And more to the point, just making sure there is a proper conversation going on with china. America and china need each other. They have a symbiotic relationship even though they are not speaking to one another. They can try and get that going again, along with the Environmental Issues that would be a significant change. That would be a significant chance. �. ,. , change. And what of the corporate change. And what of the corporate backlash i change. And what of the corporate backlash from | corporate backlash from corporate backlash from Corporate America against President Trump for the things we saw in washington, dc with the storming of the Capitol Building . The storming of the capitol buildin . ~. , i. The storming of the capitol buildin . ~. ,. , building . What you will see now is a big backlash building . What you will see now is a big backlash against building . What you will see now is a big backlash against brand l is a big backlash against brand trump and anything to do with the brand, any of the elements he has been supporting in the areas he has been involved in. It has become toxic. So anybody who has any connection with him at all, whether it is producing pillows or anything else, i think they will find themselves in difficulty. We saw people working walking away from it at speed. Working walking away from it at seed. , working walking away from it atseed. ,. , working walking away from it atseed. ,. At speed. Justin, you have an excellent at speed. Justin, you have an excellent background at speed. Justin, you have an excellent background there l at speed. Justin, you have an i excellent background there with books awards and artwork. And i mentioned that because that is what we will be talking about next. Video conferencing has been the standard way of working from home throughout the global lockdown. So what does it take to look good on zoom . Part of the answer lies in your background and decor. An impressive book selection or credibility bookcase stocked with an extensive range of literature has become one of the most desired backgrounds. Second hand book businesses are benefitting as they look to supply ready made libraries by the yard or metre. Were nowjoined by nick bates, whos the ceo of book barn international. Have you seen a rise in sales ican i can see you have an impressive case there with all sorts of books. What sort of demand do you have . What are the most popular request . Tt is the most popular request . It is across the the most popular request . It is across the board, the most popular request . Te 3 across the board, really. Many people prefer the vintage books, the older books. By their very nature people have some of their more contemporary books but now the way the people are thinking about their workspace, they are looking to create a workspace that is enjoyable, knowing that that is where they will be spending some time. So they are looking for books that really accentuate that feeling of the space that they need to spend more time in but also in the knowledge that they will be doing zoom calls and books that perhaps Say Something or that they want to say through their books in the background. You will live books in the background. You will give them books in the background. You will give them a books in the background. You will give them a selection that suits the image they want to portray and can they specify types of books on the titles or do pick them for them . We do both. Do pick them for them . We do both 0n do pick them for them . We do both. On our do pick them for them . We do both. On our website, do pick them for them . We do both. On our website, box i do pick them for them . We do both. On our website, box | do pick them for them . We do i both. On our website, box we both. On our website, box we have ready made yards that people can buy off the shelf and generally what happens is that people come to the website with an idea and a sense of what they want and you can see behind me some of the examples. There is contemporary, there are the old Penguin Classics and vintage titles. What happened through the process of working is that this will give them a better idea of how they can make a, how they can refine that search a little more and make it more bespoke. I want people to understand that, that is a route they often prefer to take because while they come to work with a sense of wanting to make their working environment more attractive, they obviously wanted to also enjoy the books that they will receive. So once they understand that that is a possibility as well, they tend to engage with the process and thatis to engage with the process and that is something we prefer much more to making it much more Creative Process whereby we can understand what people are into and whatjob they do, what kind of books they would get as a matter of course and see what we have available from the over 1 see what we have available from the over1 million books we have to hand that are very old to very new. Have to hand that are very old to very new to very new. all me a traditionalist to very new. all me a traditionalist but i to very new. all me a traditionalist but why l to very new. all me a traditionalist but why wouldnt someone just go to a bookshop and get their own . The lockdown, and get their own . The lockdown, in and get their own . The lockdown, in part i and get their own . The lockdown, in part has l and get their own . Tta [odeowil in part has enforced lockdown, in part has enforced that upon them. So, like i said, people are confronted with the situation they have not been in before. At the beginning of the lockdown it was prompted by the need to do a zoom call and consideration of their background and as the epidemic, the pandemic has developed, peoples mindsets changed and what we find now is that people are much more conscious of their working space and realising that the world has changed for good, to a large extent and that homeworking has become a real thing and this is where they will spend a lot more time, whether it be for part of the week or all the week. And they are trying to reflect that. T are trying to reflect that. I would just like to pick up on something else. You supply for books film sets and movies as well. What do you do for them . A, as well. What do you do for them . � ,. , as well. What do you do for them . � ,. ,. , as well. What do you do for them . � ,. ,. ,. , them . A similar thing but on a bi aer them . A similar thing but on a bigger scale them . A similar thing but on a bigger scale. Weve them . A similar thing but on a bigger scale. Weve given i them . A similar thing but on a | bigger scale. Weve given films to bbc drama, but also to marvel films. So often with the same kind of criteria. The production companies, the tv Companies Come to us with a sense of what they want and obviously the period of the film and generally what we do is, where possible, we encourage them to visit where we work, the warehouse, and once they are in they can take over a little bit themselves and we work with them to find exactly the books that they are after the reflect historical of the tv they are trying to create. ,. , the tv they are trying to create. ,. , ,. , create. Fascinating stuff and thank you create. Fascinating stuff and thank you very create. Fascinating stuff and thank you very much. I create. Fascinating stuff and thank you very much. Thank| create. Fascinating stuff and i thank you very much. Thank you as well for watching and we will see you soon. Hello there. After the snow that some of us had last week, this week, the weather focus shifts to rain, enough rain in a few places over the next few days to give the very real risk of some flooding. Now, having said that, monday morning is getting off to a decent start, a lot of dry weather around. 0ne band of rain across the north coast of Northern Ireland, the far south of scotland. That will drift up towards the central belt. Some wintry showers in northern scotland. Eastern counties of England Holding onto some brightness, but further west across england and wales as well, well see thickening clouds, some mist and hill fog and some outbreaks of rain through the afternoon. And as we go through monday night into the early hours of tuesday, that rain will spread across england and wales, becoming really heavy and persistent over high ground in north wales, northern england, some of that rain getting into Northern Ireland as well. Very mild by the end of the night down towards the south, staying colder further north across scotland, but well also remain drier with just a few showers. But for tuesday, this procession of weather fronts is going to be working its way across the british isles, bringing some heavy and persistent rain. You can see where were expecting the wettest of the weather. For a time across Northern Ireland, maybe into southern scotland, but certainly across northern england, wales. Pretty wet across the south west as well, where it will also be pretty windy. Further north, lighter winds across the northern half of scotland, some spells of sunshine, but it will be chilly across the northern half of the uk, whereas further south, very mild indeed, 12 13 celsius. But i think it is the rain that gives most cause for concern. Met Office Yellow warnings in force across all of england and wales through the middle part of the week. But theres an amber warning in force across parts of the south pennines and the peak district, and in this area, there is the potential certainly for some flooding and some travel disruption if you do need to make an essential journey through tuesday and indeed on into wednesday, because you can see the rain just keeps on coming, particularly across england and wales. Northern ireland and scotland always a little bit drier, but maybe some snow mixing if the rain does get up into southern scotland, because there will be some colder air in place across the northern half of the uk. And as we move out of wednesday into thursday, as our rainmaker area of low pressure deepens and slides away eastwards, the winds will pick up. Those winds will start to come from the north, so it will feel colder for the end of the week and snow could return. Good morning, welcome to breakfast with dan walker and louise minchin. 0ur headlines today another five Million People are to be invited for their Covid Vaccine the over 70s and the clinically extremely vulnerable will be included in a major expansion of englands vaccination roll out. Vaccines will start to be delivered at another ten large centres from today. Were live at one of them St Helens Rugby League ground. Ministers come under pressure to extend the £20 a week uplift in universal credit, as labourforces a commons vote on the issue. The scheme has cost taxpayers £6 billion this year
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