N1BOS — broadcast
20260818 103000 UTC
224 transcript segments
Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking
Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive.
Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:00] toward the southeast still causes some more clouds, occasional
[00:00:03] showers, mostly in central eastern areas and sporadically in the south, but
[00:00:07] as the day progresses, the clouds will gradually disperse, so
[00:00:11] in the afternoon there will be increasingly dry weather,
[00:00:14] sunny periods, so the day should actually end peacefully
[00:00:18] in Bosnia and Herzegovina. As
[00:00:21] next to it, and you see that in for temperatures, as I said, today we are somewhat lower with the numbers, in
[00:00:24] Bosnia it remained below 30°, in
[00:00:27] the south a few degrees above, that is everywhere. several degrees
[00:00:31] lower temperatures than yesterday, but due to higher humidity
[00:00:34] there is no significant feeling of freshness,
[00:00:37] tomorrow again hot, sunny,
[00:00:40] air temperatures rise above 30, on Thursday sometimes even
[00:00:43] above 35, it seems that some newer showers could
[00:00:47] be around Friday and Saturday, mostly in the north of
[00:00:50] Bosnia, we will still see their exact location, all in all, hot
[00:00:54] summer weather continues, but it will not be completely stable
[00:00:57] and that would be all from... the news overview, dear
[00:01:01] viewers, thank you for your attention, goodbye,
[00:15:01] move with a times or turn back the clock. I'm Anna
[00:15:04] Stewart, this month we're in Geneva, the home of
[00:15:07] watchmaking. As economics shocks loom and
[00:15:11] market shift, we find out how some of the oldest names in the
[00:15:14] industry and the rising stars are responding to the
[00:15:17] challenge. Time to seize the moment and innovate
[00:15:21] or return to their roots. All that coming up here on Mark. place Europe,
[00:15:35] it's time for watches and... wonders, where the world's top
[00:15:39] watchmakers unveil their latest creations. There's
[00:15:43] always so much to see at watches and wonders, and we never have enough
[00:15:46] time to see it all. Once in a while, you'll see something out of the
[00:15:50] corner of your eye, and you can't help but
[00:15:52] stop.
[00:15:56] With 41 separate mechanisms which not only tell
[00:16:00] the time, but track the sun's position, the moon's
[00:16:03] phase and the constellations in the sky. This is the world.
[00:16:07] most complex wrist
[00:16:09] watch.
[00:16:17] another record for a watch maker who's been in
[00:16:20] business ever since 1755.
[00:16:24] watchen constantin is uh is the the oldest watch
[00:16:28] brand with a non-stop activity since 270 years. that
[00:16:31] means that uh this is the fourth century actually in which we are doing watches. what
[00:16:35] does it take for a brand? exist for this long, the key
[00:16:39] word i think for us is really about consistency, we have been going
[00:16:43] through crisis, wars etc, but we
[00:16:46] never seized our activity, the maison
[00:16:48] is considered think as a
[00:16:52] benchmark of uh, we could say the classic watch
[00:16:56] making, we are very exclusive brand, we are doing our
[00:16:59] own movements in house with our watch makers and we
[00:17:03] are here with our master gush super chai who
[00:17:06] is doing what's we call guioche, this
[00:17:10] require a great care of
[00:17:13] scale, because the super chair is
[00:17:16] tracing lines, removing the the gold surface of
[00:17:20] sometimes the equivalent of one human air, i have look like this,
[00:17:23] mhm,
[00:17:31] it's all done by hand, all done by hand, how old is this
[00:17:33] machine,
[00:17:37] 1914 yes? wow gosh, then we are
[00:17:39] going to to move to gem
[00:17:43] setting, gem setting sound, something i could get
[00:17:46] on board with, this is where the diamonds are, have look at
[00:17:49] this,
[00:17:53] well look at these, and i think animaling is always super
[00:17:56] spectacular, that's extraordinary, what a
[00:17:59] skill, will this brand still be here in another
[00:18:02] 270 years? we are making sure that our washes are
[00:18:06] able to cross the... counturies, without creativity, without
[00:18:10] innovation and without taking care about our crafts and your
[00:18:13] people, uh, you, I don't think we will be able
[00:18:16] to to celebrate this anniversary
[00:18:19] today,
[00:18:23] brands are increasingly focusing on what makes their
[00:18:26] watches stand the test of time, and rightly
[00:18:30] so, this year could be tough, a 10%
[00:18:34] tariff on swisswatch exports to the US, its biggest..."
[00:18:37] market and it could rise to 31% later this
[00:18:41] year, and the industry is already coming off the back of a difficult
[00:18:45] 2024. Swiss watch Exports drop by almost
[00:18:48] 3% worldwide and by 25%
[00:18:52] when it came to its second biggest market, China. It's
[00:18:56] been a tricky year this last year for the watch sector.
[00:19:00] Walk us through why. I think when you have any kind
[00:19:03] of all these geopolitical tensions and you have um...
[00:19:07] fertility and so much uncertainty, it's obviously going to
[00:19:10] affect your purchases, your confidence, and I think all that is
[00:19:14] being translated into lower watch sales and volumes. there are some brands
[00:19:18] who were really long on China, they were really um sort
[00:19:22] of that that was their key customer, so as
[00:19:25] that's gone down that those brands have obviously felt the
[00:19:28] pinch. while many in the industry are
[00:19:32] feeling the lag in luxury, big players like
[00:19:35] Rolex are thriving, actually, increasing their market
[00:19:38] share and annual turnover by almost $600
[00:19:42] million in 2024.
[00:19:45] Rolex has by far the biggest market share of all of the watch brands
[00:19:49] and even when luxury is not doing very well, Rolex
[00:19:53] generally
[00:19:54] is.
[00:19:58] There is this flight to quality, you know, tried and true
[00:20:01] brands, uh, Rolex, quartier, protect
[00:20:04] Felipe, and there is a sort of reassurance that these... brands have
[00:20:08] been been around for so long and will continue to be there
[00:20:11] and during especially now that's a great thing to kind of grab
[00:20:15] to. is 2025 going to be a good year for watch making?
[00:20:19] i think the contraction will continue. um volume is
[00:20:23] down, but the big brands, the classics will continue to do
[00:20:26] well.
[00:20:34] 2025 saw Italian luxury icon. gari's
[00:20:37] debut at Watches and Wonders with its
[00:20:40] CEO elevated to head up parent company
[00:20:43] LVMH's entirewatch division,
[00:20:47] testament perhaps to Bulgary's growing strength.
[00:20:50] even as some of their watches slim
[00:20:53] down, is this the thinnest watch in the world? this is the
[00:20:56] sinness ever Tobion watch ever created,
[00:21:00] uh, the thickness is 1.85
[00:21:04] mm, which is difficult to understand until you
[00:21:08] put a one swiss fron
[00:21:11] a one swiss fron, you have 246 components put
[00:21:15] together, including a turboyon, which is a pinackle of complications, it
[00:21:19] was a... difficult year for luxury 2024, but bulgari did
[00:21:23] extremely well. why is that? how did you buck the trend? you
[00:21:27] are defined by your expertise and the pinackle of
[00:21:30] your expertise is a irory watch or
[00:21:33] higher necklace. if you have a stronger high end, you can somehow
[00:21:37] compensate uh some
[00:21:41] stagnation or even decline. this is exactly what
[00:21:44] has happened in china. china has been the engine of luxury grows
[00:21:48] for more than decade. and then with
[00:21:50] uncertainty
[00:21:53] uh young Chinese are a bit more cautious
[00:21:55] conversely uh Chinese in their early
[00:21:58] 40s uh quite well see don't hesitate at all
[00:22:02] to buy e and watches so it's important
[00:22:06] to also have a high end not only
[00:22:09] because uh it's a buffer uh which
[00:22:12] can all you to be more resilient in some
[00:22:15] circumstances but primarily because the high end is defining
[00:22:19] the brand.
[00:22:26] in the crowded halls of watches and wonders whether it's the big names or
[00:22:29] the new faces, this is an opportunity to show
[00:22:32] consumers how they stand out from the
[00:22:35] crowd. oof, look at
[00:22:38] this, i don't even know what it
[00:22:41] is.
[00:22:43] it's a real beautiful classics at the tech,
[00:22:47] self-winding and obviously some diamonds.
[00:22:50] "but what if the crowd is
[00:22:53] changing? the threat of trade wars and
[00:22:56] tariffs, a lag and luxury and cautious
[00:22:59] consumers may sound alarm bells for all but the very
[00:23:03] biggest brands, yet for some emerging watch
[00:23:07] makers, it may also be their time to
[00:23:10] shine. we talked about the watch industry
[00:23:13] crashing right, or the watch market crashing. if you flip this around, if you
[00:23:16] look at the independent watch brands, we've seen a massive increase. My name
[00:23:20] is Ellie Berneim, I'm the CEO of our
[00:23:23] family uh brand which is Raymond Vale. You are
[00:23:27] third generation, third generation, my grandfather, Raymond Vale
[00:23:30] himself created and founded his company in
[00:23:33] 1976. 2024 was very difficult year for luxury,
[00:23:36] particularly with inflation, consumers not spending much. How's
[00:23:42] difficult year for you, every single brand. We grew last
[00:23:46] year at some point, it's the the reality of our business, we need to talk to a...
[00:23:59] but mean look at that piece for less than 1,500 swiss frank i mean
[00:24:02] this is the most successful watch think i've ever seen at watches
[00:24:05] and appreciate that is like
[00:24:09] it's nothing here that's also the reason why i think that we we have role to
[00:24:12] play in that watch industry to offer
[00:24:16] accessible not to say affordable but
[00:24:24] people assume watches are investments, watches aren't
[00:24:27] investments, watches are pieces of art,
[00:24:30] people are looking for different things in watches, right? you can't tell the
[00:24:34] time faster, can you? well, how about
[00:24:37] slower? so with just pressing the button,
[00:24:41] you suspend time, meaning that the two hands goes
[00:24:44] at noon, and the the hands of the dates
[00:24:48] disappear. and then you enjoy your evening
[00:24:52] or whatever, your party, you stop time, you stop
[00:24:55] time, you have very playful designs to your watching, we
[00:24:58] have, we want to be very serious about quality of course
[00:25:02] and technique, but very widely open
[00:25:05] to fantasy and to design and to color, try to
[00:25:09] be always surprising, if you press the
[00:25:13] button on the left, then the tongue comes out, are you allowed
[00:25:16] to press it, you want, yeah, nobody sees.
[00:25:23] and there it is, congratulations, looking with the most strange complications
[00:25:27] i've ever seen in watches,
[00:25:30] so as us tariffs now begin to bite, what does
[00:25:33] 2025 hold for watch making? the big browns
[00:25:37] will always be strong, the cool bit is and the challenging part is small
[00:25:41] browns like Norcane, like really standing up, raymond wheel
[00:25:44] really standing up, i think the contraction will continue, but maybe it's a bit of
[00:25:48] a reality check. for all of us and still probably a survival of the big
[00:25:52] classics, yeah, definitely the the big brands, the classics will continue
[00:25:56] to do well, we will always remain a very exclusive brand in the high end
[00:26:00] segments, it's a matter of being able to to carry... on on on this pass
[00:26:03] of doing uh, i would say traditional
[00:26:06] watchmaking, however also combining innovation,
[00:26:09] creativity and definitely relevant in for
[00:26:13] 2025. time is up for this edition of
[00:26:17] marketplace europe, thank you for joining us, you can find more from us online at
[00:26:20] the link below, but for now goodbye from
[00:26:23] geneva!
[00:26:52] Forbes has arrived in Bosnia and Herzegovina, every
[00:26:55] business, every success, starts with
[00:26:58] an idea, with information, stay updated, follow
[00:27:03] events on the business scene with the most famous global
[00:27:06] business magazine Forbes BiH business
[00:27:10] success Forbes.
[00:30:18] Good afternoon, dear viewers, you are following an info event of
[00:30:21] the day.
[00:30:25] Miners from Breza refused to go to the pit due to unpaid wages and
[00:30:28] announced a protest in front of the headquarters of Elektroprivreda Bosnia and Herzegovina.
[00:30:35] The fight against fires continues in our country, all available
[00:30:38] forces are on the ground in Bihać, in Bosansko Grahovo they are waiting
[00:30:42] for the action of the armed forces'
[00:30:44] helicopters.
[00:30:47] At least 17 people killed in Russian attacks across Ukraine,
[00:30:51] Kyiv carried out the largest drone attack on Moscow in the last two
[00:30:55] years.
[00:30:58] Fifth day of the Sarajevo Film Festival.