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tv   Asia Business Report  BBC News  February 27, 2024 1:30am-1:46am GMT

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firms moderate social media firms moderate content online. and with artificial intelligence set to disrupt jobs, companies are now turning to retraining workers. hello and welcome to asia business report. i'm steve lai. the us supreme court heard arguments in two cases today which could change the way america regulates social media. at issue are laws in texas and florida that put restrictions on how platforms like facebook, youtube and x look at material. what can people say here or read online? over several hours, justices from america's highest court questioned aspects of legislation passed in florida and texas that limits what social media plait formats can do to moderate content. these laws were introduced after the siege of the capitol on january introduced after the siege of the capitol onjanuary 6 which
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led to former president donald trump being removed from several social media networks. supporters of the law argued it was necessary to prevent censorship of conservative users, a long—running concern of republicans. they argue they are trying to regulate business behaviour, not the speech of these firms. but opponents, including the industry group challenging both laws, said they inflinged on the platform's own first amendment rights by limiting the content these companies can publish and warning that a ruling for the states would deal a blow for the online platforms�* business models, which rely on to attract users and advertisers. the supreme court is expected toissue the supreme court is expected to issue its ruling injune in the crucial months ahead of the upcoming us presidential election. in other news, microsoft has inked a new partnership with a french start—up, part of the tech giant�*s strategy to expand its footprint in the artificial
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intelligence issue. it will give microsoft access to a new customer base and allow for mistral�*s large language models to be available on microsoft�*s azure platform. we�*ve been hearing a lot about al recently and what it means for the job landscape. linkedin, the business networking site, says by 2030ai will disrupt half of alljobs and change 70% of the skills needed in an average job. i spoke to the chief economist at linkedin who explained how companies are beginning to retrain workers. we had a really interesting set of data at linkedin. we have over a billion members and 65 million companies. that�*s a lot of data to understand how people�*s jobs are changing over time and what are the skills employers are looking for. so we were able to dissect all of that and conclude that a lot of jobs are seeing skills that are
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required rotate over time. so whip you look at particular occupations, you can back out a number that is approaching 60% of alljobs which will be somehow augmented by generative ai somehow augmented by generative al or disrupted and it really depends on the mix of tasked and skills that belong to any occupation. it and skills that belong to any occumtion-_ occupation. it seems like there's no _ occupation. it seems like there's no stopping - occupation. it seems like there's no stopping ai. i occupation. it seems like l there's no stopping ai. are there�*s no stopping ai. are businesses and employees ready for the change? you businesses and employees ready for the change?— for the change? you know, i think last — for the change? you know, i think last year _ for the change? you know, i think last year was - for the change? you know, i think last year was the - for the change? you know, i think last year was the year| think last year was the year when we started to build awareness around what in particular generative ai might have the potential to do. let�*s be honest, ai has been around for a long time but generative ai is new but we�*re starting to see companies explore how to integrate it with business processes and how to marry human talent and innovation with the efficiency that generative ai tools can bring. that�*s the hope. i mean what�*s really going to take place right now is a lot of
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opportunities hopefully for upskilling and learning pause we�*re seeing demand for al just continue to go up in ourjob postings. continue to go up in our 'ob postingafi postings. that's a very optimistic _ postings. that's a very optimistic outlook - postings. that's a very optimistic outlook you | postings. that's a very - optimistic outlook you have there if i can keep it realfor a second and get your take on the overall impact ai will have. will it create more jobs thanit have. will it create more jobs than it takes away? in have. will it create more “obs than it takes away?�* have. will it create more “obs than it takes away? in the long arc of history. _ than it takes away? in the long arc of history, technical- arc of history, technical evolutions generally create more jobs than they disrupt but it would be false to not acknowledge there is disruption and those are costs to people on the ground who have jobs and the best way to minimise those transition costs is really by offering training. there�*s a great example of this, steve, just recently. the singaporean government announced it was going to make all citizens over the age of 25 eligible for funds to invest in themselves for training and that�*s fantastic. that�*s something we�*re supportive of. we already see on our platform, just
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globally, a 5x increase in professionals who are trying to engage with more ai content, taking learning courses online. so people are investing in themselves, but it�*s going to take time. themselves, but it's going to take time-— take time. private firms in australia _ take time. private firms in australia have _ take time. private firms in australia have revealed i take time. private firms in i australia have revealed their gender pay gap for the first time today, showing male employees earn roughly 22% more than their women colleagues. in the country�*s top banks and energy firms, there was the biggest difference in pay between men and women. last year, australia�*s overall national gender pay gap fell to 21.7%. the national gender pay gap fell to 2i.7%. the government says that on current projections it will take another 26 years to close the gap. researchers suggest that companies that take deliberate long—term action get positive results. this report from sydney. australia prides itself on its egalitarian spirit, but the difference in pay between men and women is a
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stubborn problem. for pay between men and women is a stubborn problem.— stubborn problem. for every $1 a man earns. — stubborn problem. for every $1 a man earns, women _ stubborn problem. for every $1 a man earns, women earn - stubborn problem. for every $1 a man earns, women earn 78 i a man earns, women earn 78 cents on average. it�*s almost like there�*s a message saying you�*re not equal yet. at the heart is the underevaluation of women�*s work. in heart is the underevaluation of women's work.— women's work. in sydney, the issue divides _ women's work. in sydney, the issue divides opinion. - women's work. in sydney, the issue divides opinion. a - women's work. in sydney, the issue divides opinion. a lot. women's work. in sydney, the issue divides opinion. a lot of| issue divides opinion. a lot of companies — issue divides opinion. a lot of companies are _ issue divides opinion. a lot of companies are more - issue divides opinion. a lot of companies are more men - issue divides opinion. a lot of companies are more men in l issue divides opinion. a lot of i companies are more men in the boys�* club so it�*s, you know, pretty hard for women to sort of break in and get promoted. it's of break in and get promoted. it�*s not easy for women. of break in and get promoted. it's not easy for women.- it's not easy for women. yes, it's a very — it's not easy for women. yes, it's a very bloky _ it's not easy for women. yes, it's a very bloky society, - it's a very bloky society, this, _ it's a very bloky society, this, in— it's a very bloky society, this, in many ways but it's also — this, in many ways but it's also changed dramatically over the year~ — also changed dramatically over the year. i don't think it's as much — the year. i don't think it's as much of— the year. i don't think it's as much of an— the year. i don't think it's as much of an issue anymore. various— much of an issue anymore. various factors in australia limit a woman�*s capacity to earn. female dominated industries like teaching and nursing attract lower wages. women awn take more time out of the workforce to look after children. then there�*s discrimination, but things are changing. gender pay differences at laing o�*rourke, an international engineering
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and construction company, are just above the australian average but there�*s a concerted effort to bring about change. firstly it�*s getting more women into leadership rules — recognising talent, developing them and putting them in senior roles. the other thing is closely analysing our data. so we really want to understand whether we to have bias within our remuneration processes. hera our remuneration processes. new laws require — our remuneration processes. new laws require every— our remuneration processes. new laws require every australian business to publish their gender pay data. but will transparency, or naming and shaming those who perform badly, make any difference? on the one hand, there�*s sunlight is the best disinfectant view of the world and shining a light on this will, you know, hold people to account. if it's used as a _ hold people to account. if it's used as a gotcha _ hold people to account. if it's used as a gotcha thing - hold people to account. if it's used as a gotcha thing for - used as a gotcha thing for politicians and others to get a quick sound bite then i think it won�*t be all that helpful. while there is progress, it is
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slow. many people working today will have retired long before the pay gap between women and men in australia is closed. turning to japan, where we�*ve seen the stock market hit record highs this month, even as the economy remains in a technical recession. so why is there such a divergence between there such a divergence between the stock market and the broader economy? our correspondent has been following the japanese and economy for over three decades and weight in. the economy for over three decades and weight in.— economy for over three decades and weight in. the ceos are now really focusing _ and weight in. the ceos are now really focusing on _ and weight in. the ceos are now really focusing on capital- really focusing on capital returns, so you see a record number of share buybacks, a record amount of mbo, mna activity, so the gap between the japanese economy and the japanese stock market is widening because now the ceos of companies care about the shareholder.— of companies care about the shareholder. could you give us some examples _ shareholder. could you give us some examples of— shareholder. could you give us some examples of companiesl shareholder. could you give us - some examples of companies that have taken that sort of action?
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look, you see it in the buybacks. it�*s almost 3% of market capitalisation and used to be close to nothing. just yesterday, you had a new takeover bid, you know, in the rug store space here with e.on corporation, the big giant, potentially taking over some subsidiaries where they own a little bit of a stake. that�*s the sort of industrial consolidation we�*ve been waiting asfour 30 years. == waiting asfour 30 years. -- su ort waiting asfour 30 years. -- support for— waiting asfour 30 years. -- support for 30 _ waiting asfour 30 years. —— support for 30 years. you talked about the separation between the stock market and the japanese economy. is that a good thing forjapan�*s economy? it doesn�*t sound like it could be. what about consumers? are they benefitting in any way? you put your finger on the pulse here. i�*m living in a country, japan, wherei in [i country, japan, wherei in 11 people live off a pension. for a pensioner, the big problem is inflation, the fact that food prices and energy prices are rising, the fact that the stock
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market is going up because of great corporation action doesn�*t really matter when you�*re on a pension. so the gap, y°u you�*re on a pension. so the gap, you know, given how top—heavy, how old japan is, the gap between the feel—good factor for the people and the feel—good factor for the stock market is widening further. before we go, a panel tasked with reviewing boeing�*s operations has raised serious concerns about the plan—maker�*s management systems. the review found a disconnect between staff. it found measures were not implemented across the company. that�*s it for this edition of asia business report. we�*ll see you soon. bbc news, bringing you different stories from across the uk. back to training in middlesbrough, ilias is
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thinking about his next bout after taking the welterweight belt in darlington. there�*s your welterweight champion! there's your welterweight champion!— champion! it's everyday training. _ champion! it's everyday training, no _ champion! it's everyday training, no days - champion! it's everyday training, no days off, i champion! it's everyday i training, no days off, even after— training, no days off, even after the _ training, no days off, even after the fight. straight in after— after the fight. straight in after two days for the next fight, _ after two days for the next fight, obviously. obviously at this amateur level you keep going — this amateur level you keep going as _ this amateur level you keep going as much as you can. at pro _ going as much as you can. at pro level. _ going as much as you can. at pro level, you get injured more _ pro level, you get injured more. amateur you canjust keep going _ more. amateur you canjust keep going. there's a lot into it. theros— going. there's a lot into it. there's loads of different martiai— there's loads of different martial arts, there's loads of different martialarts, more there's loads of different martial arts, more than 30 i would — martial arts, more than 30 i would sax _ martial arts, more than 30 i would say. but overall, it's mainly— would say. but overall, it's mainly mental toughness you need — mainly mental toughness you need. you need, obviously, the discipline — need. you need, obviously, the discipline. you need mental toughness. you need to be able toughness. you need to be able to carry— toughness. you need to be able to carry on _ toughness. you need to be able to carry on going even when your— to carry on going even when your body— to carry on going even when your body is tired and fells you — your body is tired and fells you to _ your body is tired and fells you to stop, you keep going. llyas's — you to stop, you keep going. ilyas's proud dad has been ilyas�*s proud dad has been supporting him since he started at 14. �* , , , ., at 14. i'm very, very proud. we've been _ at 14. i'm very, very proud. we've been working - at 14. i'm very, very proud. we've been working hard i at 14. i'm very, very proud. | we've been working hard to at 14. i'm very, very proud. - we've been working hard to get we�*ve been working hard to get this. the sky�*s the limit now. we�*ve got one title there.
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we�*ve got one title there. we�*ve got one title there. we�*ve got another title lined up we�*ve got another title lined up at the end of march there and another one injune as well. and another one in june as well. �* ., , ., , ., , well. after, that ilyas and his team have — well. after, that ilyas and his team have their— well. after, that ilyas and his team have their sights - well. after, that ilyas and his team have their sights set. well. after, that ilyas and his team have their sights set on the american circuit. for more stories from across the uk, head to the bbc news website. hey, i�*m steven with the catch up. we�*re talking about car insurance first and if you�*re a driver, you probably know it is not cheap but our bbc verify team has found that if you live in an area with more people from ethnic minorities, you could be paying hundreds of pounds more. let�*s show you an example. this is sandwell in birmingham and two areas with pretty similar levels of crime and road accidents. we took two drivers who are exactly the same, but changed their address. the driver in the more diverse area was quoted around £800 more. ourteam diverse area was quoted around £800 more. our team found this
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is happening in areas across england. the group that speaks for insurers said says they do not, and cannot, use ethnicity as a factor when setting prices and that its members comply with the laws. a few other stories now and have you been off sick recently? there�*s some new research that people in their early 20s are more likely to need time off than someone in their early 40s. the resolution foundation says mental health issues are a big factor. amy schumer has revealed she has cushing syndrome, a condition that mainly affects people who have taken steroid medicine for along time. fans commented that herface looks puffier along time. fans commented that her face looks puffier in recent interviews. she says the condition will work itself out. ryanair says it might have to charge more forflights ryanair says it might have to charge more for flights this summerer because of delays to some of its plane deliveries. and we�*re going to leave you with ten seconds of arms of
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steel. this is england�*s strongest man crushing a frying pan with his bare hands. he it in five seconds. i really need to get back to the gym! you�*re all caught up. have a good night! this programme asks plain questions with the help of unrivalled bbcjournalists across the world and gathered here in this building. i�*ll also draw on my time reporting on global conflict, front—line experience that helps me know who to talk to and who to listen to, meaning our analysis is unbiased with absolutely no spin.
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hello. welcome to sportsday. here�*s what�*s coming up on the programme: everton�*s hopes of staying in the premier league are boosted after having their points deduction reduced. england�*s cricketers put up a fight in the fourth test but lose the series in india. and we hearfrom lose the series in india. and we hear from golf�*s supermarket delivery driver, who�*s just won a live—changing amount of money. welcome along to sportsday. we start with the gig news from the premier league, where everton have had their points deduction for breaking spending rules reduced from 10 points to 6 by an independent commission. the club were punished back in november last yearfor the club were punished back in november last year for breaches over a three—year period to the
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2021-22 over a three—year period to the 2021—22 season. it was a

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