Financial news with aaron. And World Business report. A new clear nightmare 3 billion wiped off the value of the japanese tech giant toshiba, after it buys a us Power Business that turns out to be not so powerful. Beating the giants at their own game we visit the man who couldnt wait for the Electronics Industry to come up with usable Smart Home Solutions so, he built his own. Welcome to World Business report. Im aaron heslehurst. Well, happy. What do you say between christmas and new year . Anyway hopefully we have a bite size look at finance. Shares of the Japanese Technology giant toshiba took another massive hit this morning falling 20 thats the maximum allowed before the Stock Exchange suspends all trading. The value lost off the company today is nearly 3 billion. This follows a 12 drop on tuesday. And its all to do with a not so good purchase toshiba made in the Us Nuclear Power industry. Mariko 0i is in our Asia Business hub in singapore. Good to see you and i hope you had a wonderful christmas. For those watching around the world, when i look at toshiba, i thinking television, dvd players are not Nuclear Power stations some of our viewers may recognise toshiba with rice cookers, washing machines, but it also creates everything from skyscrapers and microchips and, as you say, nuclearfacilities. Skyscrapers and microchips and, as you say, nuclear facilities. It basically bought the company and it is now thinking the company is not worth what they paid . The deal was done with Westinghouse Electric s, it bought the business from Chicago Bridge i. It now seems the cost of the deal and also the value of the assets might not have been quite accurate and the company has come out and said its Financial Performance forecast it gave back in november may need to be put down and the company may be losing money. Wasnt this year when the ship came out and sort of said, sorry, guys, we have not been making the profits we have not been making the profits we have not been making the profits we have been telling you . The massive Accounting Scandals. It was revealed profits were overstated for 60 years and at that time by the Chief Executive Officer had to step down. Company shares have been recovering, up 80 , until yesterday s role so it is definitely not good news. Just as i have you, the tokyo Stock Exchange, the market said it had toshiba on a watchlist since the scandal. Can it be removed . Of what isa scandal. Can it be removed . Of what is a watchlist . It is probably too early to say. It is being monitored because the Accounting Scandal shook the industry. It is a massive company. It is being monitored by the authorities, this deal, which could lead to a huge loss. But whether or not it will be removed is too early to say. If you got the short straw and you are there tomorrow, i will talk to them. will be there. See you then. After a rollercoaster 2016, what can we expect from the Global Economy in 2017 . This week were looking into our crystal ball to see what might lie ahead. Today our new York Business reporter Samira Hussain takes a closer look at whats in store in the usa. 0ne Prediction that seems safe for business and economics in the us isnt that a certain figure will lead the large and that figure, off course, is a donald trump. New president arrived with a new frenzy of speculation about what they will and will not achieve and that seems much more than usual with mr trump. But if it is a new era in us politics, it is not as clear what i knew economic era he will bring. Takes guts, big ones. Mr trump pledged to cut taxes in his campaign. Takes cuts. It is safe to assume that some of it will happen. After that, it gets a little less certain. Infrastructure spending, mrtrump less certain. Infrastructure spending, mr trump says there will be more of that but it is not clear that congress will go for it. Visitor was elected promising to renegotiate certain deals. Those are just three items on the agenda that could have a big impact on the us, even Global Economic growth. The new President S Efforts to remake the us economy, whether they succeed or fail, looks set to be highlighted globally. Smart homes where Technology Steps in to make your house run smoothly are big business. But do you need the likes of google and amazon to kit you out . Zoe kleinman went to the new forest to meet one man who has beaten them to it. Imagine living in a house that is sort of self aware. They have high hopes for the smart home but i hear the meet a man who has been doing it for years. Good morning. The meet a man who has been doing it foryears. Good morning. Simon says that smart home living has dramatically decreased household deals. As the house knows where you are, it also knows which rooms need heat and light. We have a second set of sockets. If the power is not neededin of sockets. If the power is not needed in a room, it automatically gets shut down. Simon has also installed to upgrade security to protect his home from cyber attack stop wi reless protect his home from cyber attack stop Wireless Technology is improving, with the volume of sensors and equipment, we have got nearly two kilometres of data cabling in the house and that is on top of the mains wiring as well. He gets constant updates via his telephone and smart watch. We are all generating huge amounts of data and Big Companies are using that and exploiting it to give us that services and create better advertising. I want to do that in the home to produce energy, to make it more comfortable. We need to find ways to understand where the boundaries are. Simon admits his family has had to get used to the idea of being monitored. Psychology professor tom buchanan says that is not surprising. What is different about this situation is that you are aware of what is going on, where as in our everyday life, these things are in the background and become pa rt are in the background and become part of the furniture. Even if the bathroom has been touched by technology. The family liked listening to music but they would drop things into the bathwater. By wiping the rubber duck over different parts of the bus, you can pause, change music. It is proof you do not need to be a picture to create smarter home. It neednt cost the earth. Fascinating stuff. Indias tata sons is suing its ousted chairman, cyrus mistry, for breach of confidentiality, media reports say. The conglomerate accused him of causing irreparable harm and damage by making sensitive documents public at a companies dispute hearing last week. These included the minutes of board meetings, Financial Information and data. Mr mistry has been in a public spat with tata since he was sacked in october. Dont forget you can get in touch with me and some of the team on twitter im bbcaaron. I will see you very shortly. Health officials here in the uk are warning that middle aged people face a Health Crisis due to their lifestyles. A new study has revealed 80 per cent of a0 to 60 year olds are overweight, drinking too much and not getting enough exercise, putting them at greater risk of developing diseases like diabetes. Heres robert pigott. The parker is running for his life and stop age 41 and waned with the two stone, he was told by his seven year old son that he loved in even though he was fat. It was the nudge he needed. Since august, when he changed his diet and began to exercise he lost wives dont stop i could not be bothered cooking. To become a bit lazy. The daily grind of routine. There are many people in his position. Almost 80 of women aged between a0 and 60 drinking more than official guidelines, are we back give an overweight. Among the potentially devastating outcomes of this accumulation of health risks is diabetes. It has doubled in this age group in the last 20 years and are ready costs the nhs an estimated a0 Million Pounds per year. To many of us are Million Pounds per year. To many of us are ageing with a number of Chronic Diseases. The reason is we are seeing the increased in Chronic Diseases is in large part because of behaviour is adopted during our a0 60 or old periods. Still smoking, not getting enough physical activity, drinking too much alcohol. The big intake is it is going to put a huge burden on health services. The big intake is it is going to put a huge burden on health servicesm march, health quiz was launched as pa rt march, health quiz was launched as part of the campaign. It says more than a Million People have taken at the crease and now they have a root mat to change their life. Brute map. The japanese Prime Minister shinzo abe has offered his sincere and everlasting condolences to the victims of his countrys attack on Pearl Harbour seventy five years ago. Speaking at a ceremony at the Us Naval Base alongside president obama, mr abe said he had been rendered speechless by the solemn reality of his visit to the memorial. Translation each and every one of those servicemen, had a mother and father anxious about his safety. Many had wives and girlfriends they loved. And many must have had children they would have loved watch grow up. All of that is brought to an end. When i contemplate that solemn reality, i am branded and tidy speechless. Rendered. Rest in peace, precious souls. I cast flowers on behalf of japanese people upon the waters were those savers and marines sleep. President obama, people of the United States of america, and the people around the world, as the Prime Minister ofjapan, i offer my sincere and everlasting condolences to the souls of those who lost their lives here, as well as to the spirits of all the brave Men And Women whose lives were taken by a war that commenced in this very place, and also to the souls of the countless innocent people who became victims
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