In the us courtroom as he defends the origins of facebooks Virtual Reality headset. Weighing up the wish list Business Leaders give us their take on theresa mays plans for brexit, as the pound starts to sink again. Welcome to World Business report. Im sally bundock. We will be live in davos in just a moment to speak to the boss of wpp about what theresa may had to say on tuesday. Facebook founder Mark Zuckerberg has denied allegations his companys Virtual Reality unit stole its technology from a rivalfirm. He faced hours of tough questioning in a us court on tuesday. Our north America Technology reporter dave lee provided more details about the case. Mark zuckerberg was on the stand wearing not his typical grey t shirt but a full suit and tie and while he was there his Company Facebook was accused of essentially stealing technology from a firm which works very closely with oculus, that oculus. They say it was their input that may be oculus headset and early success that may be oculus h
Including the Stock Market Debut of snapchats parent company. The shares jumped more than 40 on their first day of trading. Well, one American School which invested 15,000 in the startup back in 2012, has banked millions, so today we want to know whats the best investment youve ever made. Just use the hashtag bbcbizlive. Welcome to the programme. We begin with advertising. It often serves as an important key early indicator of how well an economy is faring. When advertising is doing well, were buying and selling and economies tend to be growing. The worlds biggest advertising agency, wpp, hasjust published its full year results in the last hour and a half. In a moment well hear from the companys founder and chief executive, sir martin sorrell, but first lets take a look at the numbers. Annual pre tax profits of 2. 3 billion for the group, up 26 on the previous year. The group has reported 2016 like for like net sales up 3. 1 . However, that growth may be about to change as wpp has set
As the big tech firms respond to the latest Wikileaks Revelations well be getting the inside track on all the biggest tech stories of the week with our Technology Correspondent rory cellan jones. Theres a report in the times in london that fewer people are taking time off sick from work because they frightened for their jobs. We want to know whether you have hauled yourself in as sick as a dog for fear of the sack. Just use bbcbizlive. Welcome to the programme. We start in detroit in the usa where in a few hours time volkswagen is due to plead guilty to charges of fraud and Obstruction Ofjustice by cheating diesel emissions tests. The formal plea will draw a line under the us side of the scandal following a plea bargain reached in january. But its far from over. Vw has admitted 11 million vehicles worldwide had software installed to beat Regulators Checks on emissions. In some cases they were up to a0 times higher than the us legal limit. So far thats led to around 20 billion in settle
And World Business report. The rise and rise of fake views. As more advertising dollars are spent on Line Companies are being warned to make sure they get what they pay for. And two of indias largest Telecoms Firms, Vodafone India and Idea Cellular, are merging to become indias Largest Telecoms operator. Welcome to World Business report. A very warm a very warm welcome. Im sally bundock. Also in the programme, the president of uber says he is leaving the company after less than six months in the job. Well have the details in a moment. But first one thing that all businesses have in common, regardless of what they do, is advertising. Making yourself known brings in customers and their cash. But advertising can also be a sizeable investment, and whatever size of business you have, you dont want to be ripped off. Thats bound to be discussed at one of the industrys big annual events starting in london in the next few hours. So, how much is spent on advertising . Worldwide, across all forms
Happenings in the financial world. Sally is here with World Business report. The boss of the uks biggest business lobby group, the cbi comic gives us her reaction to the Snap Election called for by the british Prime Minister. The cbi, gives. And we talk to facebook about policing violent material on the social media website following the suicide of murder suspect steve stephens. Hello and a warm welcome to you. Welcome to World Business report. Im sally bundock. Also in the programme well have all the Market Numbers for you as the global slide in shares continues in asia and the Pound Sterling holds its gains. We were sure those numbers at the end of the programme. But first, here we go again. Nine months after becoming Prime Minister, theresa may is ready dice and betting on a strong victory in a Snap Election on june the act. Today, mps are expected to vote in favour of the proposal, which theresa may says will bring greater certainty as britain prepares to leave the european union.