tv Business Briefing BBC News November 14, 2019 5:30am-5:46am GMT
this is the business briefing. i'm sally bundock. mind the gap. campaigners mark equal pay day — as research shows women earn 13% less than men here in the uk — and almost a third less around the world. plus, the secret weapon in the war on waste. how packaging could soon be telling you how to recycle it. and on the markets, asian shares under pressure as data shows the trade war hitting the chinese and japanese economies. and the latest reports suggest a solution to that trade war could still be some way off.
we start with the gender pay gap — because campaigners here in the uk are calling today equal pay day. they calculate that from today, because of the pay gap with men, women are effectively working for free for the rest of the year. the fawcett society — which does the calculations each year — says there has been a slight improvement on 2018. but female full time workers earn on average 13% less than their male counterparts. there is high—level support for change. a group of 100 top uk businesswomen including former royal mail boss dame moya greene, dame minouche shafik — the favourite to take over at the bank of england — and glaxosmithkline boss emma walmsley — want a change in the law to give women the right to see how much male colleagues are earning.
the gender pay gap is a lot worse in many other parts of the world — women are paid 32% less than men on average — according to pay data gathered by the world economic forum across 149 countries. but campaigners here in the uk have long argued there needs to be more enforcement on companies to narrow the gap. we to narrow the gap. really want to see plans over a five we really want to see plans over a five year period a proper strategy to deal with this. we want some enforcement to hide it as well. the equality and rights commission does not have a lot of enforcement power that they could bring to bear on this issue and we need to toughen that up. dr louise beaumont is executive chair of data analytics company signoi. we investigated what ordinary men and women around the world are saying on this issue. how they express what they feel. first thing
to note is that they are talking about it. this is a significant topic of conversation. so we looked behind their initial comments to really understand what they are saying and it's a salutary lesson for anyone in business. they are talking about it a lot and they are refusing to accept basic inequality. they just see refusing to accept basic inequality. theyjust see it refusing to accept basic inequality. they just see it for what it refusing to accept basic inequality. theyjust see it for what it is. theyjust see it for what it is. they call it out, they call it unfairand they call it out, they call it unfair and they want it changed. what is interesting is the catalysing factors that we see. there is a crossover from sport to business for example. this summer we saw the world beating us american soccer team conquering the world, eating every other team but being paid eating every other team but being pa id less eating every other team but being paid less than their significantly underperforming male colleagues. thousands of men and women saw this as unequal. they saw it as unfair they wanted it changed. but it caused them to reflect on the unfairness in their own lives. in
the wake—up call for business here is, of course, these are your employees, these are your customers and suppliers. what is unacceptable in sport is also unacceptable in business. it is the same cultural weather system that we all live in. unfair is unfair wherever you find it. that is a broad survey you did as well. several, many thousands of people. 60,000 comments around the world. so it was a global survey as it were of 60,000 people. what is the key issue, do you think? from my perspective this is something i have discussed since i started myjob in financial journalism. discussed since i started myjob in financialjournalism. but transparency seems to be a big issue. not knowing what others are earning, your male counterparts, for example. if you want to try and call it out you are unlikely to go forward if you only have suspicions
of what others are earning. there is a logic to transparency and some companies have implemented transparency from the get go. one american company certainly did when they had nearly 12 employees. they spoke to their employees and said do we have your support to be transparent on pay? and they publicly published who owns what. and this is seen, they now have 80 employees, this is seen and publicly available. that kind of transparency is radical transparency. and it should certainly give companies here in the uk pause for thought because if any company thinks they have another 53 years to deal with this, they are absolutely delusional. what advice would you give to a woman watching this programme right now who thinks that maybe this is me. that i am not paid the same as my male counterparts. how do you suggest moving forward with that? provided you work for a company who
works more than 250 people, in a few seconds you can use works more than 250 people, in a few seconds you can use the gender pay gap service online and you can find out what the gender pay gap is in your company. what business needs to do is not merely focus on lagging indicators like gender balance in role and actually pay. they need to also look at leading indicators. they need to understand what the leading indicators are for their business that they are creating a more equal culture, that they are actually being able to employ men and women, fairly and equitably. and they need to drive those leading indicators. they need to be sensitive to and understand those leading indicators and then the lagging indicators are clear, hard and a headline rubbing metric. there isa and a headline rubbing metric. there is a lot more on this on our website. i have tweeted a few stories regarding this matter today.
take a look at those. that move on now to recycling. we all know how important it is — but if you struggle to sort out what goes where, and with what — you are not alone. even machines in waste sorting plants can have the same problem and this prevents many countries from achieving the recycling rates they would like. dougal shaw has been finding out about new technology that could be a secret weapon in the war on waste. please recycle this pack. could this be the key to better recycling? invisible barcodes on packaging that only computers can see. it looks like fun but i have come to see the serious side of this technology at a recycling test facility in the west of germany. some believe invisible ba rcodes of germany. some believe invisible barcodes could help us cut down on waste and recycle a lot more. this isa waste and recycle a lot more. this is a standard waste sorting machine. that bar of red light has been added to scan invisible barcodes. as rubbish passes underneath at three metres a second, each item is
scanned. they would struggle to find a traditional single barcode but these new ones are a different matter. they are invisible because they are created by thousands of su btle they are created by thousands of subtle changes to the pixels all over the packaging's artwork. this is also known as digital watermarking. from the cameras in the factory, the code performs like this even though to us it looks like this. the same code can be embossed in plastic. the engineer leading the technology and the trial thinks it could have a big impact. the performance we are seeing is detection in the high 90% range which is excellent for this. this is codenamed holy grail and more than 20 big manufacturers are taking place including the likes of tapes ago, danon and nestle. the project is called holy grail is the real holy grailjust to get people to reuse packaging? for both of these systems, either reusable or recycla ble systems, either reusable or recyclable packaging will be very important that we have things like a
digital watermark integrated because it will help us with the life—cycle of packaging. the same technology could speed up the self checkout in supermarkets. and it can also guide you on how to recycle items at home when used with the phone. in this prototype app, the karting cow delivers recycling information, in a bid to make doing the recycling a bit more fun. shoji joins us now from our asia business hub. more signs that the trade row between the us and china is taking its toll notjust on china but also on economies in this region including the likes ofjapan. for insta nce we including the likes ofjapan. for instance we saw the chinese economy betraying signs of strain today with
data coming out. chinese investment rose to a record low is the trade war continues to bite. the readings of course a lot more painted chinese authorities. because of the tariff row and a week global outlook all the while trying to control a mountain of debt at home. growth in industrial production fell just mountain of debt at home. growth in industrial production felljust over a whole percentage point from last month and lower than expectations. retail sales grew 7.2% but that number, again was notjust short of expectation but also lower from september. analysts continue to warn of economic challenges facing the world's second—largest economy. it's a6% world's second—largest economy. it's a 6% growth in the third quarter. all this having an impact, as i mentioned on neighbouring economies. japan recorded third—quarter growth
additively weakest in a year. it grew atan additively weakest in a year. it grew at an annualised 0.2%. thank you for the latest on the chinese and japanese economy. that is business briefing. nhs waiting times in england have lengthened so much that it could take years to get them back on target, according to experts. new figures show targets for cancer, a&e and operations haven't been met in over three years. here's our health correspondent, dominic hughes. it is hard to believe that two years ago, francis reed was effectively crippled by arthritis. a constant
pain was ended by a hip replacement operation. nhs targets men she should only have waited 80 weeks for surgery. instead her operation was delayed by six months. that really impacted on my help, my general health, my mobility. i was in a lot of pain and could barely get about. and it also impacted on my recovery time afterwards because i was so unfit by the time i had my surgery. for years, the nhs in england has struggled to meet key targets. the 18 week target for planned operations was last met more than three years ago. it has been over four years since the four hour waiting target was hit and nearly three quarters of services are failing to treat cancer patients quickly enough. these pictures paint a worrying pic. there are 4.5 million people on hospital waiting lists, hospitals, even before the winter pressure, are already full.
so there are doubts that these patients will get access to care as quickly as they need it. france's's operation gave her a new lease on life. but nhs england is considering changing waiting time targets, arguing they are outdated. the royal couege arguing they are outdated. the royal college of surgeons and a challenge t have written to party leaders calling for them to reject the plans, arguing that otherwise patients —— patients like francis could face extra weeks of pain and stress. for that story and more, breakfast is coming up at six this is the briefing from bbc news. the latest headlines: just weeks ahead of the uk election — the outgoing president of the european council, donald tusk, has told british voters not to give up on stopping brexit. president trump has said he ‘can't remember‘ a phone call at the centre of new revelations from the first public hearings of his impeachment inquiry.
now it's time to look at the stories that are making the headlines in the media across the world(gfx) we begin the headlines in the media across the world(. we begin with the guardian who say european council president donald tusk has given his implicit backing to boris johnson's opponents in the general election with a call for anti—brexit campaigners to keep fighting in the month before britain goes to the polls. meanwhile in the telegraph, uk pm borisjohnson was prepared to put up " paper candidates" in the labour—held constituencies, in order to give an advantage to brexit party rivals. however, the deal was turned down by mr farage, who insisted on the tories withdrawing their candidates altogether from the seats. the independent reports on a pledge from the labour government to eliminate the gender pay gap by the end of the next decade. the party has vowed to acheive
the goal even as new research claims it could take 60 years to close the disparity under current plans. the mirror has gone totally green in an special issue of the paper dedicated to climate change. on the front page, the paper asks on behalf of new born babies if there will be a world healthy enough for them to grow up in. and finally the mail, the duke and duchess of sussex will notjoin the royal family for christmas at sandringham according to buckingham palace. a spokesman revealed they will instead spend the festive season with meghan's mother doria ragland and their baby son, archie. so let's begin. with me is rebecca harding who's ceo and founder of coriolis tech. let's get started. many in the media are discussing the comments of donald mack —— donald