As is often the case, it will likely be the cover up that proves more bothersome for uber than the hack itself. Companies are required to disclose significant data breaches to regulators, something uber has, by its own admission, failed to do in this case. Our north America Technology correspondent dave lee has more. The huge breach included names, e mail addresses, and phone numbers of 57 Million People around the world. The information was obtained by two who accessed a server uber we re by two who accessed a server uber were using to stood data. Many drivers also had their licences stolen. Uber pavey hackers 75,000 to delete the data. But they did not contact anyone whose information was put at risk. It is understood that travis calen it knew about the breach in november last year, but it is only now being made public on the orders of the new boss. None of this should have happened, he said. The companys admission that it failed to disclose the bridge comes as uber is seeking to recover from a series of issues that resulted in the former ceo losing hisjob in august. Uk chancellor Philip Hammond will deliver his autumn budget today. One of his challenges will be to combat a decade of flat productivity. Until 10 years ago, productivity was the motor that drove uk economic growth. This blue line is output per hour. The Straight Line is the actual measure and this broken line is what it should be at if the trends before the crisis had continued. So its a pretty big difference. Instead, the typical rate of growth in the last five years is only 0. 2 . The presumption was that the underlying factors linked to the financial crisis would eventually improve. But so far productivity has remained stagnant. Other European Countries are faring better. Germany is 36 higher than the uk and france 30 . And there is a correlation between productivity and real wages. In 2013, the 0ecd compiled how much people actually have to spend in france its this, compared with britain. Thats a 3000 difference. That is a lot of money. With me is margaret doyle, deloitte head of Financial Services research. Thank you forjoining us. Those are frightening figures, are they . They are. And that is something that Philip Hammond has explicitly acknowledged and pointed out. In fa ct, acknowledged and pointed out. In fact, in his spring budget, he said this is be that we need to address, and it is something that the government has already said, that they will put aside a £23 billion fund designed to help boost productivity in the long term. Fund designed to help boost productivity in the longterm. That is key, the long term. This does not happen overnight or even in a year 01 happen overnight or even in a year or two. This is big infrastructure stuff. Yes. It takes investment is now, and could take years to come through. Years ago, germany was considered the sick man of europe. But they implement and these have helped to make their Labour Market more flexible and help to boost their productivity. Economists would say that this dates back to the 19505 say that this dates back to the 1950s and 60s, and some would say that it dates back to the 1930s and the days of imperial preference, when the uk shifted supply lines. It is not a silver bullet, but you need to start somewhere. But you mentioned germany, and the third weight. They had money they were prepared to put in the pot. That is not Philip Hammonds position, is that . That is an interesting comment. Britain has a long borrowing rate. Low borrowing rate. This is a good time for the uk to borrow money when it has the ability to go out into the markets and to do so. And there are investors that you could make a bit in transport, bid in otherforms of infrastructure, like broadband, be it in skills, and those are the investments that will pay off more than we are paying in other markets at the moment. So people will see the benefit of doing, but he was askedif the benefit of doing, but he was asked if it would be a big, bold budget, and he said it would be balanced. It would be a surprise to get a major announcement. Yes, it clearly he has announced it and that he wanted to bounce. He is pushed out out further than George Osborne said, so he has given himself some woodville road. We have a degree of uncertainty over the impact of brexit, so therefore i think the chancellor will try to keep something in reserve so that. chancellor will try to keep something in reserve so that. I will justjump infora something in reserve so that. I will justjump in for a quick tip for something we should look for in the budget. I think we will hear something on housing. The Prime Minister signalled that she recognised that housing was an issue. We see it is a big issue for younger people. It is very expensive. We have a lower Home Ownership for young people. That is something we should expect to see this afternoon. Very good to see you. Thank you very a much indeed. After tuesdays record breaking close on wall street, asian markets have followed suit. Lets go to our Asia Business hub where shara njit leyl is following the story. Iam here i am here particularly to talk about the hang seng in hong kong. It has been called something of a hang seng high. The benchmark equity index their rising over 30,000 for the first time in a decade. That is shares of Companies Like tencent, chinas biggest social network. It has surpassed facebook to become one of the top five most valuable companies in the world. Because its value has rallied, it is now worth over 5 billion. It is popularity surged especially due to its games, and some of these have the number of players that they make up the size of countries they germany. You have other Companies Like and ensure whose value has jumped 26 over southern of its digital expansion. No surprising news to see this in hang seng. There has been a rocky ride in the last decade, so this is a shift. Thank you forjoining us, sharanjit leyl, a shift. Thank you forjoining us, shara njit leyl, with a shift. Thank you forjoining us, sharanjit leyl, with a rosy two coming from the east. Rosy hue. Lets head to dubai now the so called city of gold. Traders there buy and sell 75 billion worth of the stuff every year. Part of the reason for its success is that gold is untaxed, and therefore cheap. But from the start of next year, the government will be levying tax on gold sales. Some worry this could dent the market. From dubai, heresjeremy howell. Dubai, a place to buy and honourable goal. But behind the bleeding in the windows, changes on the way. Gold traders have been told that from the start of 2018, they must charge value added tax at a rate of 5 . Some are nervous about what that might mean for business. People, you know, they are not ready to pay. The goal is ready at higher price. The price of the tax will be more. Business will come down, definitely. It will fall by 15 20 . Business will come down, definitely. It will fall by 15 20 . People come to the actor won gold market from all over the middle east and india. Arguably the Largest Group of single gold buyers in the world. 75 billion worth of gold is bought and sold in dubai every year. Mostly thanks to these gold tourists. But all of these gold tourists will be all of these gold tourists will be all to get all their money back. They will get the 80 refunds at the airport. But still, it could be a shock to the system. Because this would attack in dubai is unheard of. Vat would attack in dubai is unheard of. Vat refunds. The message to all those involved in the business from their trade association is not to worry. The concern is not there. We will still be the most competitive in variety, purity, quality product. Dubais gold market does have rivals in india and istanbul. The dubai sales tax will still be lower than in either india or turkey. And nowhere else can match the souk for the sheer opulence of its jewellery displays. 0pulence is the word, isnt it . That is business reading for this hour. Ina is business reading for this hour. In a last look at the market. Vinicius flat at the moment. The hang seng is up again, with ten year highs there. The nikkei is flat. And that is the Business Briefing to europe. Different types of alcohol change and cheap change in shape your mood in different ways. A recent survey had found major link between types of alcohol and the emotions they create. For a double, spirits we re they create. For a double, spirits were associate with feelings of aggression. Red wine and beer were related to feeling relaxed. Had you feel when you drink . Sleepy or ruddy . Excited, or maybe careful . The on line Global Drug Survey without my nearly 30,000 young adults suggests that what is in your glass is linked to your mood. Spirits are the strongest link. More than half associated drinks late june, rome, link. More than half associated drinks latejune, rome, and vodka, with competent zen energy. But nearly a third link them to aggressive feelings. The survey said aggressive feelings. The survey said a feeling of relaxation was linked mostly to red wine or beer. The researchers say varying alcohol levels in the beverages might be having different impacts on the brain. Younger people in particular we re brain. Younger people in particular were more likely to report a stronger emotional connection both on the positive and the negative side. It also women were more likely than men to report different high levels of emotional outcomes, if you like, with different drinks, except for aggression, where men were more likely than women. The study shows only an association. He cannot prove different drinks alter moods. And it did not assess our motions before they started drinking. The researchers describe their work as an initial exploration and say understanding the relationship between drink and emotion could help tackle alcohol abuse. Des gallagher, bbc news. James james gallagher. This is the briefing with me, david eades. There have been euphoric scenes across zimbabwe following the resignation of Robert Mugabe after 37 years in power. Un warcrimes judges are expected to hand down a historic verdict later in the day against the former Bosnian Serb Army commander ratko mladic. And David Cassidy has died in hospital in florida at the age is 57. At the age of 67. Now it is time look at the stories that are making the headlines in media across the world. We begin with zimbabwes biggest daily paper, the herald. We arejust we are just looking we arejust looking for we are just looking for the picture here. The digitalfront page is leading with our top story. The resignation Zimbabwes President Robert Mugabe who stood down after 37 years in power. His former party zanu pf is paying tribute to him, saying zimbabweans should acknowledge his immense contribution to the country. It isa it is a bit more of a blank space that it looks there. The guardian is also leading with that story, featuring celebrations in harare while also pointing to the countrys uncertain future. 0rwe go. We or we go. We have something, now. It is the guardian. Former Vice President Emmerson Mnangagwa is expected to sworn in as the countrys new leader. Finally really pushing power, Robert Mugabe. We now move on to the telegraph. And mays budget war with hammond is the front page headline, with the treasury to hand down the uks annual budget today. Put up some of these papers. There is proof we have it. 0nline on our news channel, were looking at ubers huge data reach concealed from 2016. It affected 57 million customers and drivers. The ride sharing furnish payed hackers £75,000, about 100,000, to delete the data. Ubers new ceo has responded to the scandal. And finally in the new york times, hacking of a different kind. Us officials are charging an iranian man in the theft of data from hbo
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