quest means business - clear roofing sheets
Return report card main page for business possibility: USK.
Britain's exit from the EU agreement requiring "customization; U. K.
Records of Service posts rose in August;
During the protest at the immigration camp, the port of Calais was blocked;
Russia and Saudi Arabia have agreed to cooperate on the oil issue;
Jack Ma: I want to bring China to the world,
Obama: cyber security cannot become "wild, western ";
Uganda Ministry of Finance: The government must find jobs for young people; Anti-
The rich uprising of burning people's dayAired 4-
5 p ETAired September 5, 2016-
ETTHIS is a rush transcript at 16:00:00.
This copy may not be in final form and may be updated. [16:00:00]
Richard quays, cnn anchor: there is no deal on Wall Street during the Labor Day holiday, but you can see the beautiful scenery of the Statue of Liberty, which is a spectacular start in New York autumn.
Today is Monday, September 5.
Britain is back from the EU tonight.
The British government announced the plan, and Japan warned against making a mistake.
Jack Ma told CNN how Alibaba will push China to the world.
The battle of billionaires burning people
Rich revelers will experience an extremely rude awakening.
We have all this.
We had an hour together.
I'm Richard Quest.
I mean business.
Good evening from Hangzhou to the Capitol.
The new British government insists it can open up a new path for Britain in the post-economic era. Brexit world. The U. K.
Brexit has decided to return to the top priority of British and other world leaders.
Although Japan has posed an implicit threat to what will happen if Britain makes mistakes.
British Prime Minister Theresa May left the G20 summit after a meeting of leaders.
Her message of leaving Europe is simple.
Britain is still an important trade destination. (
Start Video Editing)
British Prime Minister Theresa May: Yes, the message from voters in June 23 is clearly that they do not want to see the freedom movement continue as it is now.
They want to control the flow of people from the EU to the UK.
However, we also hope to reach the best possible trade, goods and services agreement with the EU.
I plan to go out and be ambitious. (END VIDEO CLIP)
Mission: what is shown today at any time in the past
More clearly, there are many aspects to the definition of this story, which seems simple. Brexit, U. K.
Leave the EU.
But far away from it.
Let's take the word itself. Brexit. Brexit. It is a noun.
Theresa May said Britain's exit from the EU means Britain's exit from the EU because the UK has withdrawn.
Good so far.
But today, the new secretary of state, who is about to leave the EU, said Britain's exit from the EU means an opportunity.
David Davis spoke about the overwhelming authorization of the United States. K.
Leaving the EU and making it clear that, despite some hope, a second referendum will not be held.
But it is reported that Chinese prime minister and British ex-European minister Davis spoke in the House of Commons. (Start Video)
CNN correspondent isa soares: Summer vacation is over.
Now it's back to reality.
For the politicians of the House, Parliament and protesters, they come back from the holidays, for the lack of progress and for the post-
This will be the case for Brexit.
Woman: I'm depressed.
It has been more than two months since we held the referendum.
No action was taken.
We keep hearing more about the delay, maybe 2019, maybe later.
M: I'm the general manager.
I hire employees and import goods from the EU like almost all businesses in the USK.
I don't know where I stand either.
My staff, I froze recruitment, frozen investment, I froze everything until I knew where we were going.
Suarez: all this anger and disappointment happened on the same day we heard from David Davis, the new Secretary of State of the Brexit.
This is the first time we have heard about his new role.
He also talked about Britain's exit from the EU, which means Britain's exit from the EU and will not exit the EU through the back door.
Almost all we hear from new Prime Minister Theresa May.
But this is the moment he made his strategy for the later stage.
This is the case with Brexit.
His statement made many people scratch their heads.
David Davis, Brexit Secretary: people naturally don't know what Brexit means.
Simply put, that means leaving the EU.
So we will decide our borders, our laws, and the money of taxpayers.
This means getting the best deal for the UK, which is unique to the UK, not off-sitethe-shelf solution. [16:05:00]
This must mean controlling the number of people coming to the UK from Europe, but it is also a positive result for those who want trade in goods and services.
Suarez: this is his great moment, an opportunity for him to develop his strategy and a great vision for the UK post. Brexit.
Then a lot of people thought he didn't really put enough meat on the bones of the plan.
From what we 've heard from world leaders, if the G20 makes any progress, that's what they want.
They want to know what it means for Britain to leave the EU.
We have not heard anything so far.
CNN, Isa Soares, London(END VIDEOTAPE)
Mission: opportunity, leaving the EU, or not sure?
Because today, Brexit also means uncertainty for Japan.
The Chinese Foreign Ministry released a 15-
Page memo that sets out concerns about the United StatesK.
Decision to leave the EU.
Japanese companies may decide to leave the United States, the memo said. K.
Remember, there are more than a thousand Japanese companies in the United States. K.
Thousands of workers have been hired, and the biggest of them is, of course, Nissan in Sunderland.
We get some quotes from various offers.
Hitachi told us that as things become clearer, we will take the time to carefully assess the impact on our business.
At the same time, Honda said that the current situation is not clear, we will pay close attention to the development of the situation.
It's not just an academic activity for these companies, even for Japan.
Billions of dollars invested in the United StatesK.
Now, they have to decide which investments to keep, and perhaps consider the unthinkable and move to the continent.
I spoke to the Japanese ambassador to the UK and I asked him why Japan was so strong and so early. (Start Video)
Japan's ambassador to the United States. K.
: What I said earlier is better than what I said later.
In fact, it will be something that will not even be solved.
There are two questions about how you can successfully negotiate a Brexit.
These are, of course, decisions that the United States should make. K.
We want to be a good partner and we want to join the work so that they can succeed in their efforts.
I mean, these two points, one is the process, the other is the essence.
This must be all in the process
Be inclusive, point out issues and work together to make the EU and the US standK.
We are also willing to participate.
In essence, as you can see in your specific measures in Japan, we have identified very specific measures that we believe are worth considering.
These are, of course, requests that we receive.
How it happens?
It is in the hands of the European Union and the United States. K.
Task: of course, it is not surprising that the physical field you have identified ---
I am sorry to go to the heart of the first question, which is to enter the single market, whether it is goods, services or financial services.
What Japan basically says is that you want to stay, you want the United States. K.
Has maximum access.
TSURUOKA: I think what the Japanese industry would like to see is to maximize access to the single market.
Just after the referendum, and even before that, I 've been talking to the leaders of the Japanese industry operating in the US. K.
They all told me that they wanted to continue their business in the US. K.
Even promote it further if possible.
This shows that they are enjoying a good business environment in the United States. K.
Of course, this is also related to entering the single market, because the United StatesK.
Considered a gateway to Europe.
But this is not the only problem.
This is the business environment in the United States. K.
Has to offer, which attracted all Japanese investments in the UK, has 1,000 more companies doing so.
Mission: The issue of the visit and the price of the United StatesK.
I mean, you know these arguments as well as I do, ambassador.
Single Market access cannot be guaranteed. [16:10:00]
Is there a hidden threat in Japan's position that there is no guarantee of further investment and that some companies may withdraw?
TSURUOKA: The government cannot guarantee additional investment even in the best case.
Nor can we direct the company to withdraw its investment.
This is a business decision.
In a democratic system operating in a free-market economy, the government cannot direct the private sector to make certain decisions.
That's why I think it's very wrong to see the list of measures we want to see as a threat or warning indicator.
They are not.
They simply identify the relevant measures that we believe will create or continue to maintain the existing good business conditions in the United States. K. (END VIDEOTAPE)
Mission: Ambassador of Japan.
There, you have the last definition of what we mean by Brexit, and on that day so many people were abandoned.
Brexit means staying calm and continuing.
Not everyone has bad luck or pessimism. The U. K.
Purchasing management index of service industry rose to 52. 9, up 5. 5.
Remember now that July is 47.
This usually indicates that the economy will shrink in the future.
According to the market, Britain seems to have a firm determination to leave Europe.
Paul Donovan is the world's chief economist at UBS.
We started with PMI data, Paul.
We are not always very excited about PMI data.
This is perhaps one of the least interesting things.
Should we be excited about this number, however, or is it a dead bounce?
Paul donovan, UBS's global chief economist: We should never be too excited about the number.
Driven by sensational media, PMI data is always overreacting.
We need to be very, very careful in explaining this issue.
This is also a relative number.
This is how you have been since last month.
Everything was bad luck, darkness, frustration and despair last month.
It's not surprising to have a pickup truck.
I think there are some issues worth looking at in detail.
We did not see the panic of unemployment.
This is an important positive factor.
No dismissal from the company.
They may not recruit people, but they will not be fired.
At the same time, we also saw price pressure.
This is something we must pay attention.
Because this will start to affect consumers in the future.
Now we will only put the price pressure aside, but we have not forgotten that.
Given that we don't even know what the negotiating mandate looks like, are we in a position where it's too early to say the medium-term impact of Brexit?
Donovan: of course.
We can say with certainty that the focus of the United States will change. K.
I think the rate of economic growth in the United States is likely to decline. K.
But to be precise, at this stage, for the sake of God, we have not even announced that we are leaving.
At this stage, we have not formally quoted 50.
It is too early to consider this.
You talked about the price pressure, Paul.
If there is price pressure, this may eventually spread to the production of inflation, which will make Mark Carney's-
The current view is that there may be further relaxation, perhaps not the overall interest rate, but the potential level of interest rates and liquidity.
What do you expect now?
Donovan: I think the problem is that any capable economist, and the competent economist at the Bank of England, will realize that what we are seeing is a very unusual consequence --
The pound fell.
Unless you start to see it appear in future wage pressures, this is unlikely to pose a serious long-term inflation threat.
As long as the wage rate remains relatively good,
I think it's that-
The consequences of the devaluation of the pound will be largely ignored by the Bank of England, including Carney.
So I think there is still a chance to freeze.
Now I agree, unfortunately I don't think it's likely that my mortgage rate will drop further.
I think the overall interest rate is likely to stay around a quarter.
I think the bank is very reluctant to return to zero, and it is very clear that it does not think what the interest rate is for the United States. K. [16:15:00]
Now I just want to bring you to the Atlantic side.
As you are familiar with, today is Labor Day weekend.
Donovan: that's true.
Discovery: As we entered the weekend, I asked readers of discovery means business communications, and I appointed them honorary members of the Federal Open Market Committee.
I asked them if they should vote to raise interest rates immediately, given the data.
Or, B, wait.
Now our smart audience says 56% of people say they are raising interest rates now, and 44% say wait, wait, wait.
Where will you vote?
Donovan: Well, what I would do if I voted-
Of course, my accent on FOMC is not right. -
But if I was allowed to vote, I would vote to raise the interest rate now.
I will be on the side of most of CNN's wise viewers.
I don't think the Federal Open Market Committee will raise interest rates now.
In other words, they will not listen to the British economists.
But I think inflation in the United States is valuable.
I look at the tension in the labor market.
This is a 20-all inflation measure-year average.
Interest rates are far less than 20-year average.
I think this issue needs at least some remedy.
Nice to meet you, Paul.
Thank you Paul Donovan for taking the time to join us tonight and join us from London.
Donovan: Thank you very much.
QUEST: Protests have taken place in Calais, adding to the feeling that something very strange is happening in France at the moment.
On top of that, in the burkini debate, in the presidential election, the PR guy will be with us after the break to try and understand the French conundrum. (
Mission: Protesters have been blocking the main routes in and out of Calais, France, including the entrance to the passage tunnel and the route outside the main highway.
There was serious confusion in the French port.
Truck drivers and farmers have called on the French government to close the migrant camp there.
The one called the Jungle.
They say immigration and criminal gangs are trying to park their cars on their way to Britain.
When you put this on the basis of a disagreement, quarrel with burkini on the French beach.
You joined in the presidential election.
You raise the issue of France's negotiating position on Brexit, and you will eventually ask what is happening in France at the moment.
Maurice Levy, chairman and executive, the French lion.
Sir, it was so nice to meet you on a nice night in Paris, France.
What happened in France?
Maurice Levy, Chairman and CEO of publicis groupe: There are many things happening in France.
There are some very good news and some not so good news.
The good news is that China's economy is coming back. [16:20:00]
We have seen some signs of growth that are not enough to create the jobs we need, and the bad news is clearly what we have seen in Calais, as you rightly say, in fact, these immigrants want to join the United States. K.
They were blocked in Calais.
We are also worried about terrorism and other things.
Obviously we are in a situation where there is some good news and bad news.
QUEST: however, is there a feeling that there is a lack of leadership in terms of the ability to deal with these very difficult situations?
Levy: If you look at the situation in the world, especially in Europe, you will find that immigration and we see a lot of populist surges that are creating a situation that is extremely difficult to deal.
There is no government in Spain.
In Germany, madam.
Merkel has just lost in the election.
We are facing many problems in France.
So this is a situation that is not easy to deal.
I'm not sure it's just a matter of leadership.
It is also a fact that we have a lot of difficult trends and people who are in a hostile state.
In Calais, for example, there are a lot of people in the population who want us to take care of what we call jungle and immigration.
Why most people oppose it.
So it's not easy that we need to manage this situation.
QUEST: in France itself, is the situation, the environment, and the political environment even more harmful as the presidential election approaches?
Levy: Obviously this is true in all countries and France, just because people are not very happy with the past five years and people are very disappointed to see that the situation has not improved.
The standard of living has not improved.
The unemployment rate has risen to a high level of over 10%.
There are terrorists behind everyone's spirit.
Everyone is afraid to see terror again.
And the rise of anti-corruption
The situation in Islam, or at least we see population growth in many areas.
In addition, we also see the risk of Sarkozy and Hollande fighting again.
All of this creates a rather explosive situation.
Mission: Morris, let's talk and I'll tell you well and truly when we're done.
Let's talk about America. S.
As you can see from Paris, from your point of view, what is the view of Donald Trump as president?
Levy: Donald Trump is president of the United StatesS.
What we see is the rise of populism.
So we believe it is impossible.
We have seen in France that Marlene Le Pen may be the first in the first election.
She will therefore lead her second term.
Therefore, we are very cautious about what may happen in the United States. S.
And what happens in France.
In most European countries. [16:25:00]
No one would have thought that Brexit would vote like this.
By the way, even the promoters didn't expect the UK to win out of the EU, which is why they all decided to resign because they were very embarrassed about this hot potato that they couldn't manage.
Task: Morris, thank you, sir, you explained the situation very well and gave us a good perspective, sir, we appreciate you tonight.
Thank you, Maurice Levy, for joining us from Paris, and only he can put it in perspective.
Go to the market, go to Europe.
No deals in the United States. S.
Because it's Labor Day holiday.
But in Europe, only Zurich's SMI has made a small gain.
The rest were hit by the downgraded Royal Bank of Scotland and Lloyds Banking Group.
The smallest loss of the day comes from CAC.
This can be seen as a rare example of market volatility caused by the G20 summit.
Oil prices soared after Saudi Arabia and Russia met and agreed in China.
Let's look at the market. you will see what I mean.
They agreed to stabilize the market.
Crude oil has definitely rebounded.
Remember in the early days, January, even February, but in January, we saw a low point.
There has been a considerable rebound.
This is a higher point when it comes back to around 50 or under 50.
It came down and came back.
Now you can see $45 a barrel.
Now, this is still 50% lower than the highest point in 2014.
But, as you can see from the chart, the rebound in oil prices that we have seen before.
Similar hopes for cooperation between OPEC and non-OPEC
Russia in particular.
In the end, all this was broken.
But as John Defterios explained in Abu Dhabi, the reason why they can't keep this growth is because the barriers still exist. (Start Video)
John defterios, CNNMONEY Emerging Markets Editor: The market has been waiting for a breakthrough from two of the world's largest exporters.
But that does not include a strong signal of whether they will freeze production.
Hadid Falo in Saudi Arabia and Alexander Novak in Russia
Signed a statement on cooperation in the oil market, which included a joint task force to review market fundamentals.
Earlier, Saudi Deputy Crown Prince Mohammed bin Salman and Putin held bilateral meetings during the G20 meeting.
The deputy crown prince said energy cooperation would benefit the two countries.
President Putin believes it is right to find some kind of compromise.
However, the reality is that the two companies have never produced much crude oil, while the price of crude oil is around $50 a barrel.
They are fierce competitors in Asia, especially in China.
Four years ago, the market share of Saudi Arabia and Russia was 20% and 9% respectively.
Saudi Arabia is ranked 14% today, and Russia is slightly behind.
There are other players to join if you want, especially Iraq and Iran.
Production in Iraq hit a record high and plans to expand further.
Iran's output hovered around three.
8 million barrels per day and reiterated the higher price on Monday.
President Putin supports breathing room for Tehran, but Saudi Arabia has reserved a judgement on its regional rivals.
It was these obstacles that prevented the agreement reached in Doha when the negotiations broke down in last April.
John Defterios of CNNMoney, Abu Dhabi. (END VIDEOTAPE)
As we continue our nightly conversation, Jack Ma, chairman of Alibaba, told us that he wanted his company to have no boundaries. (
Start Video Editing)
Jack Ma, executive chairman of Alibaba: we want to position ourselves as the engine of innovation.
Our engine, our technology, our ideas and knowledge
So how do we help most industries? (
Hello, this is Richard QUEST.
There are more pursuits that mean business.
When Jack Ma told us about his dark days as a master of Alibaba.
Hippies are also very disgusted.
Rich Revel found himself under attack from the burning man.
Before we tell that story
This is CNN. on this network, news always comes first.
The White House has just announced that President Obama has canceled a meeting with Philippine President Rodrigo Duterte.
The two are scheduled to meet at an ASEAN meeting in Cambodia, Laos a few hours later.
Prior to that, Duterte made abusive remarks against President Obama.
Russian President Vladimir Putin said an agreement with the United States to ease tensions in Syria could be reached in a few days.
President Putin said all parties had reached a settlement at the g20 summit.
However, President Obama said the gap in trust is still holding back talks.
Two explosions near the Afghan Defense Ministry have killed and wounded dozens of people.
The attack in Kabul killed at least 24 people and injured 90 others.
Authorities say the second blast was a suicide bombing.
The Taliban claimed responsibility.
A parking lot in Tel Aviv collapsed on Monday, killing two people and still trapping five people.
The IDF is leading the rescue efforts. The four-
The story garage is still under construction when the top three floors explode.
Health officials in Singapore have confirmed 16 new cases of Zika virus.
That means the total jumped from zero to 258 in just a week.
Authorities are now fumigating the affected areas to kill mosquitoes that spread the virus.
The Zika virus is linked to nervous system disease in the unborn baby of the infected mother.
The Indonesian government has asked Jack Ma, chairman of Alibaba, to serve as a consultant when building e-commerce in Indonesia.
E-Commerce in Indonesia
The business market that attracts global investors has been increasing.
This is, of course, still in its early stages.
However, in China, Ma designed Alibaba as an indispensable consumer product in the daily life of consumers, whether it is breakfast or online shopping, to check the weather.
Ma is now aiming to do the same in other countries.
In his words, he envisioned a company without borders.
He told CNN reporter Andrew Stevens that he wants Alibaba to be as ubiquitous as the internet and electricity. (Start Video)
People ask, do we have borders almost anywhere?
No, we have no borders.
What we are doing is the Internet.
The internet is like electricity in the last century.
There is no boundary for electricity.
They are the film industry of electricity.
The Internet should be everywhere.
Alibaba is positioning itself as the engine of innovation. [16:35:00]
Our engine, our technology, our ideas and knowledge
So how do we help most industries?
Andrew Stevens, editor of CNNMONEY Asia Pacific: Ten years later ---
This is something you spend a lot of time thinking about where you will be in ten years. -
Describe what Ali will look like.
Ma: Ten years later, we will bring China to the world. it is most important to connect the world together.
We call it e-WTP.
We want to make sure that because
Businesses that we call business infrastructure will be built.
If you have a mobile phone, you can do global trade.
Stevens: when you're in e-
Do you want to copy it on the world stage?
We do not use the word "conquer China.
"We help China.
We want to help more countries.
Stevens: there is a quote in a book about you and Alibaba, and one of your employees said, "Ma Yun is just as excited about life.
"It's a great thing for anyone.
But you must have had some dark moments, some doubts in your company life.
Oh, I have a lot of dark moments. I had more --
Stevens: What is the darkest?
Well, the darkest one? I forgot it.
So many people? MA: So many.
Because everyone knows the good days of Alibaba today.
But they never saw how we got through the last 17 years. -
No one believes in the Internet.
No bank will work with you.
All people have fake problems and people who cheat.
Work like every minute.
So I say, success is short time, pay is long.
Everyone in the company knows that today is difficult, tomorrow is more difficult, and the day after tomorrow is beautiful, but most people will die tomorrow night.
We must realize that good things will never come true easily.
Life is not just Alibaba.
I have run my first 100.
I should give this to the next generation.
Stevens: once you pass on the baton, can you imagine yourself sitting behind and relaxing? MA: No.
I have so much-
Education, environment, walking around and meeting entrepreneurs.
There are many things.
Life is so interesting that I have never paid attention to one thing.
We are not here to work.
We came to this world to enjoy life.
This is what I believe. (END VIDEOTAPE)
S. president has warned that a new era of cyber war is coming.
Before leaving the G20 summit in China, President Obama said businesses must work together before the cyber crime world becomes a "wild, wild west. " (
Start Video Editing)
President Barack ObamaS.
The President: What we can't do is that the situation suddenly turns into a "wild, wild West," in which case, countries with a lot of network capabilities are starting to compete when you know, I think it's wise, through these means unhealthy competition or conflict, in terms of the use of other weapons, we have made some norms. (END VIDEO CLIP)
Claire Sebastian is here.
What does he mean?
Claire sabasson, CNNMONEY reports: Well, I mean "wild west" Richard, we 've heard of cyber security before, but that's not a word that the President underwrites.
I think we can look at two key events in the last six months or so, which does illustrate this.
First, the hacking of the Democratic National Committee.
That's the question he was asked today.
But it really changed the game.
Because it's basically by connecting with Russia, you know, to exert political influence through hacking.
This is actually trying to change the historical process of another country through cyber hackers.
The second incident was a hacking of the Swiss Interbank Payment System, which began in February and stole $100 million from bank accounts of the Bank of Bangladesh, the Federal Reserve Bank of New York.
Therefore, it is not only stealing information, but also stealing money, essentially emptying bank coffers through the Internet.
So we do have something like "wild west" here.
Hackers are becoming more sophisticated.
This really needs to be addressed at the international level.
This is the ins and outs of the G20.
The international community must respond.
That's what Obama said today.
The real irony is that Richard sits at the G20 summit and talks about how to regulate cyberspace.
Talk about how to deal with the problem.
The experts told me that it could really happen under their noses. (Start Video)SABASTIAN (voice-over)
The G20 summit was held in St. Petersburg on September 2013.
St. Petersburg, which dominates the conflict in Syria.
The leaders at this time did not know that some of their computers had been infiltrated.
According to the Syrian FireEye network research company, two months before the meetingthemed e-
An email has been sent to the Ministry of Foreign Affairs. [16:40:00]
Once the attachments they contain are opened, malware is downloaded, allowing hackers to monitor their targets.
FireEye said the hacking incident occurred in China.
Beijing denies any involvement.
This is not the first time the G20 has become a target.
Two years ago, before the G20 finance ministers' summit in Paris, French government computers were infected with malware.
There is no conclusive evidence of who is behind it.
Tony Cole, vice president of FIREEYE: this is definitely the main target of hackers, especially national attackers, because they are actually trying to steal data that can help them understand the government's negotiating position.
Sebastian: Espionage at international conferences is not new.
The difference now is that the Internet makes things easier.
Cole: In the last few years, if you think about espionage, any government will spend a lot of money when it happens.
Today, you can be well equipped with a few dollars, hundreds of thousands of dollars.
Sebastian: Experts say the G20 delegation needs to be prepared to deal with potential threats.
They recommend using a clean or disposable phone to avoid leaking personal data.
Away from hotel Wi-
Fi has even added cyber security experts to their physical security details. SEBASTIAN (on camera)
We contacted several G20 delegations to see what precautions they took in China for the summit.
Although a former president of the United StatesS.
An official who declined to be named told us that President Obama and all his employees used encrypted phone calls and satellite links when traveling.
The president even prepared portable sound-proof tents for secure communications.
This is one of 2011 trips to Brazil.
Dmitri alperovitch, CO-
Founder of CROWDSTRIKE: there is no doubt that the situation is changing. SEBASTIAN (voice-over)
: Dmitri Alperovitch's company Crowdstrike discovered evidence that the Russian government was behind the US hacking in June. S.
National Committee of the Democratic Party
ALPEROVITCH: they will enter your network and steal your files before the nation state is mainly engaged in espionage.
Now, you have to worry about the public leaking this information, which can affect what may be done to you.
Sebastian: So while the Group of 20 is openly demonstrating solidarity, there may be more complex political activities in cyberspace. (END VIDEOTAPE)
As Snowden shows, as your report points out, they are all doing it.
No one came to the table with a clean hand.
Of course, Richard.
This is exactly what the president said today, and capacity is growing.
More and more countries have these capabilities.
He is guilty.
He said the same thing himself.
He said, you know, we're more defensive and offensive than everyone else, and everyone is doing that.
The Group of 20 has made great progress in the past-
Oh, come on.
The G20 is not capable of solving this problem at all.
Sebastian: they reached an agreement in November that promised not to carry out cyber espionage for business interests.
The experts I interviewed said they saw less activity, especially in China.
Pursuit: business interests.
So this is just the tip of the iceberg.
But this is the beginning.
QUEST: does anyone believe they will stop doing this?
Sebastian: when it comes to cyber espionage, I'm afraid they are spying on each other at these summits.
But I think there is some hope that when it comes to trade secrets and financial hacking companies that we see, it may end if countries can commit to working together and promise to stop doing so.
Thank you, Claire Sebastian.
After a break, more tasks mean business. (
Uganda's Ministry of Finance warned that the country could face instability in the future without sufficient employment opportunities for young people.
More than half of Ugandan citizens are under the age of 18.
In this week's "Africa Look East", Isa Suarez looks at one of the country's top families --
Business, and the practices of Japan. (Start Video)
Isa soares (CNN reporter (voice-over)
: Looming from the red earth, sparkling in the golden light.
The large factory outside Kampala is home to one of Uganda's largest companies.
Oliver lalani, executive director of roof group: we are on the roof and are a market leader in the steel industry.
We control about 35% of the market in Uganda.
But that includes exports.
As the name suggests, it is clear that we do the roof.
However, we are not limited to the roof, from the foundation of the building to the roof.
Suarez: total revenue last year was $0. 162 billion, run by Sikander Lalani and his son Oliver.
Lalani: we are loading and exporting goods here.
We have a truck going to Congo and another truck going to Burundi.
Suarez: With the increasing number of workers.
A special courier arrived.
Sikander lalani, CEO of roof group: this is a coil from Japan.
They are entering our yard from the port of Mombasa.
Japan invests in the roof.
So there is no roof without Japan. (
Speak in a foreign language)
Thank you very much.
Suarez: The relationship dates back more than 40 years.
Sikander, who runs the electronics business in Rwanda, was introduced to a Japanese businessman who eventually became a close friend.
Mr. sikande Lalani: 1974Hirowa (ph)
Visited us in Rwanda.
He said, "Why don't you open a tin factory?
"Suarez: It all started with an idea, and it was quickly formed, and the partnership with Japan's koochuan Steel Company was consolidated.
Today, the Uganda-based company employs about 1,700 employees, including some from Japan.
Unidentified male: We are pleased to produce roof tops with roof groups as they cover the homes of all Ugandans.
So the Japanese took a lot of such things.
Yes, we are very happy.
LALANI: we have obtained our technology through Yodogawa Steel Works, which is our Japanese equity partner in the project.
So the way to improve in Japan is what we are trying to replicate in Uganda, obviously there is Japanese expertise in the local area, the improvement is a system in which, even if there are few things we do, we always try to improve.
Suarez: this is a philosophy that extends beyond the factory floor to the kitchen.
Unidentified male: This is about both.
But the taste is a little different.
This is Ugandan.
Suarez: for Oliver, the use of Japan in the Ugandan market has proved invaluable.
LALANI: we invested $2 million at the beginning.
Today, we have invested $0. 25 billion in Uganda's economy. (END VIDEOTAPE)
Explore: fascinating stories.
Utopia is in trouble.
Silicon Valley's elites feel the least welcome for the Burning Man.
There was a stir in the desert.
We will explain. [16:50:00](
Mission: even people who burn cannot escape the class war.
At the annual Nevada Music Festival, a luxury camp called White Ocean was destroyed.
This is clearly a rejection of white Ocean's wealthy Silicon Valley supporters and entrepreneurs who have been flocking to places that used to be hippie paradise in the middle of nowhere.
Bai Yang said the hooligans had glued the trailer doors.
They cut off the power cable and dumped 200 gallons of drinking water into the camp, destroying the entire camp.
"We feel that we have been destroyed from every angle.
But when we were outside enjoying our beautiful home, a series of events last night definitely confirmed someone who thought we were not worth burning.
"Now, you might think of something like this --
On is inevitable.
After all, a festival aimed at equality, there is a festival for all.
Well, James Porto is a photographer who has participated in the burning man many times.
I read the comments of some of the people who attacked, and they basically said that White Ocean built this elite camp.
They didn't welcome the stove so they got their only dessert.
Photographer James Porto: I don't agree with that because the white ocean brings so much beauty to the beach.
They have a huge sound system and they give away all these great DJs every year.
So they have thousands of people through their camp.
Did they feed every burner that passed through? Maybe not.
But this is not the real idea. Is this the case--
I mean, this wonderful noble duty that you describe.
The rich will set up a camp to feed others and let them enjoy the wine and the circus.
Porto: No, no, that's not the case at all.
Burning people is a collective.
There are a lot of people contributing, and most people give plenty so that everyone has plenty.
It usually drops like this.
In the past few years, the plug-and-play camp has a lot of air on the media.
The truth is that people in Silicon Valley have been focusing on burning people since their early 90 s.
They go there to get ideas and ideas.
That has been --QUEST: Right.
I haven't been to burning people, maybe it's controversial and I don't think I want to go in particular.
Nevertheless, I can make an analogy with Davos that the Swiss mountain, which everyone initially talked about important things, has become an elite retreat.
Does burning man become the leisure of the elite?
Porto: Well, I went there last year.
In my experience, this is as good as I have never been.
I personally have not experienced this kind of elitism.
I hear a lot about it.
Some of my friends also have some complaints.
There are some complaints.
Mission: It's not inevitable, because there will always be those tragic fates that will say, well, it's not like when I first came 40 years ago. [16:55:00]
Porto: That's right. Exactly.
There are many of them.
My first burn was 2002.
You're an old fool.
You will say to them-
When I first arrived, they used the porta potty over there.
Porto: Yes, I think there is one thing in both.
But what is happening is that 70,000 people are burning people now.
Half of the 70,000 people were Virgin burners.
So half of them came there for the first time.
I think all these newbies are changing the dynamics of burning people.
There are also more affluent camps coming soon.
But I don't think it's a big phenomenon because, to be honest, the media created it between you and me.
Task: Thank you, James, Sir.
Porto: Thank you very much.
I still won't go to the Burning Man.
I can only imagine--
After the rest, we will have a time to make money. (
Tonight is the time to make money.
Ma said on the show that the day after tomorrow will be beautiful, but most people will die tomorrow night.
We should live in the present, in the present, in today.
But the fact that we need to be prepared properly for tomorrow is balanced.
How about pensions, mortgages, tuition and health care?
I know what Jack Ma is talking about, but in fact, it's almost impossible.
We all want to enjoy today, but we must be fully prepared for tomorrow.
Because after all, who knows what will happen from now until then.
You heard Jack Ma say that on this show.
This is the mission tonight.
I'm Richard Quest from New York.
Whatever you do in the next few hours, I hope it's profitable.
You will be with me tomorrow.