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tv   World Business Report  BBC News  April 1, 2024 5:30am-5:43am BST

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the cost—of—living crisis has worsened as consumers and businesses face soaring prices. the annual inflation rate is still near an eye—watering 70% — despite changes in economic policy. joining me now is victoria craig, an independent
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decades of erdogan after years, decades of pressure from people to do something to fix the economy and make things better, he has historically been a very avid opponent of high interest rates of rising prices. after his election in last year in the general election, he put a team in place to deal with that and thatis in place to deal with that and that is why we have the interest rates rise to try and combat the rising inflation. the problem is the president has done a number of fiscal policy to combat with the central bank. he raised minimum
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wage by 49%. all that that was put more money in people �*s pockets and continue to push inflation higher. the president himself acknowledged that in a specialist and said this marks a turning point for us and he says the economy is one of the biggest things he will start seeing positive results in the second half of this year starting with inflation. clearly it is on his mind. the istanbul mayor will not have direct control of that but i think it is more of what he represents to the country and to the people of istanbul and a national stage. what he could bring to the presidential palace in four years time. thank you very much for that. for a closer look at the implications of these elections i am joined by guido cozzi, professor of macroeconomics, at the university of st gallen�*s school of economics and political science. hello and welcome to the programme. we were hearing from a journalist in turkey saying it is the idea and what the
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mayor represents, the mayor of istanbul, but not necessarily have an answer to turkiye economic woes. what is the answer? the answer would be possible to delineate a plan because investors need to know what may happen in the future presidential election.— presidential election. since he seems a _ that, i presidential election. since he seems a _ that, it| seems a candidate for that, it is important to start devising a strategy. not extremely a strategy. it is not extremely difficult to devise a a strategy. it is not extremely difficult to de' said, the fight as was widely said, the fight against inflation, erdogan as was widely said, the fight against inflation in 'dogan as was widely said, the fight against inflation in the an significant steps in the direction and significant steps in the directio rise but the real rates to rise but the real interest rates, the difference between the nominal, 50% and inflation rate of almost 70% are still substantial —20%
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approximately. are still substantial —20% approxii is tely. are still substantial —20% approxii is the. are still substantial —20% approxii is the negative and interest is the negative and this is not going to have an interest is the negative and this antibiotic ng to have an interest is the negative and this antibiotic pill. > have an interest is the negative and this antibiotic pill. thate an interest is the negative and this antibiotic pill. that is n full antibiotic pill. that is what inflation is still dragon. erdogan seems aware of that so i hope you try to be migrated the inflation site in order to i hope you try to be migrated the inflation s discredited to gain back the discredited voters that republican party. most countries _ republican party. most countries have - republican party. most| countries have managed republican party. most - countries have managed to start getting inflation under control. you havejust told getting inflation under control. you have just told an analogy to try and explain things have not worked out. does turkiye not to have quite a strong it a strong manufacturing base? it has the resources, hasn't it? to strengthen the economy. what else has gone one with what it is producing and exporting? what is itabo a picture? perhaps paint a picture? i think the country is still strong and the manufacturing
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baseis strong and the manufacturing base is ok. there are be solved and also human capital issues and brain drain issues. also the woman labour force participation that is very low. effectively may help childcare effectively may help the economy. childcare effectively may help the econom it's all aspects work more. it's all aspects that require some fundamental change in view of the change in the view of the government and this is probably motivating government and this is probably motiva opposition party that for the opposition party that overtook the
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policies and good legacy. sorry to interrupt. — policies and good legacy. sorry to interrupt, we _ policies and good legacy. sorry to interrupt, we just _ policies and good legacy. sorry to interrupt, we just ran - policies and good legacy. sorry to interrupt, we just ran out i to interrupt, we just ran out of time but thank you very much. ., ., . ., the uk energy regulator, ofgem's new 3—month price cap means that from today in england, wales and scotland prices have fallen by i2%. but, despite the drop, customers still collectively owe £3 billion
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pounds to suppliers. and everyone is being urged to maintain their money and energy—saving efforts, such as limiting time in the shower to four minutes. our cost of living correspondent, kevin peachey,
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our cost of living correspont community ’eachey, our cost of living correspont community on chey, our cost of living correspont community on the r, is why this community on the work of saving money. the ceremonies discussion is simple tips are best even at this type of year. tips are best even at this type of ear. , , ., , of year. three tips would be the hot water _ of year. three tips would be the hot water setting, - of year. three tips would be the hot water setting, it - of year. three tips would be the hot water setting, it is l the hot water setting, it is too hot to wash your hands with, all is too high. drop from your children, wendy's and drawers, manage those and three, showers, you need to stick to it for minutes. find a four minute song, and that is £70 year a four they have even compiled a four minute song playlist, keeping people here and around the country to time and their finances on song. the uk national living wage goes up today, rising byjust over a pound, to £11.44 an hour, paid to anyone over the government says it'll boost the wages of the lowest paid by £1,800 a year. but what does it mean for employers?
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welcome how do employers stand
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be the some companies become insolvent including potentially thames water.— thames water. what is your feelinu thames water. what is your feeling in — thames water. what is your feeling in terms _ thames water. what is your feeling in terms of - thames water. what is your feeling in terms of how- thames water. what is your| feeling in terms of how brits are going to afford the cost of living crisis? those prices are going up for monthly bills now. wejust heard as going up for monthly bills now. we just heard as well but some bills are coming down, we heard about the government helping people in terms of reducing the cost of past energy cost but also in the cost
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for a getaway, then there's a chance you'll face confusing airline fees and charges not often published by airlines. what might begin as an affordable bargain — can quickly become a rather unpleasant surprise.
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a recent study by the ancillary opportunistic... i seen to be opportunistic... i think we lost the connection. we will come back. i am so sorry. we seem to have lost the audio. let's move onto next
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story. we were promised self—driving cars. but the dream of driverless cars and fleets of robotaxis is running late. it turns out, it's technically harder than expected. instead we're seeing more hands free driving systems on our roads. most major carmakers offer them — but is it safe? the bbc�*s north america business correspondent, michelle fleury, reports from ny. the road to the cars of the future is bumpier than we thought. one stop on thatjourney is hands—free driving. i think this is my ride. hello. are you cody? michelle, nice to meet you. i got to see gm's super cruise in action. we are turning on super cruise, green indication on the wheel
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allowed when driving hands—free. we want to gain their trust, we don't want to outpace them to where they don't trust the technology. the technology is meant to support the driver and prevent car crashes and injuries, an ambition that won't be realised if the humans behind the wheel become distracted. live now to the tourism and aviation expert anita mendiratta. we were discussing hidden baggage fees, are they kidding? good morning and thank you for having me. they are not hidden and many airlines as we know, the low—cost carriers in
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particular are using what is called a la carte pricing. when you buy the airline ticket, you can pay for if you want seat selection, if you want can pay for if you want seat s meal>n, if you want “ can pay for if you want seat s meal in if you want “ can pay for if you want seat s meal in advance ant “ can pay for if you want seat s meal in advance and �* can pay for if you want seat s meal in advance and if you a meal in advance and if you want to register baggage. ultimately it is important to remember aviation, while the airline tickets increasing, the costs are increasing exponentially because of fuel, because of labour increases and last year i international put traffic in, it is essential to get to that level. they are not really hiding the fees, it is very much about managing the pricing going into keeping us all in the air keeping us all in the air and keeping us travelling. i all in the air and keeping us travelling-— travelling. i think many travellers _ travelling. i think many travellers have - travelling. i think many travellers have come i travelling. i think many| travellers have come to travelling. i think many - travellers have come to expect that of budget airlines but rather larger airlines i have noticed i have been
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rather larger airlines i have noticed i hai smart| rather larger airlines i have noticed i hai smart choices. both make a very smart choices. both in terms of human cargo and cargo in the belly of the aircraft. and when it comes to people travelling, people are carrying more and more. there is a way of managing the amount people carry with them to be able to manage the cost of the aircraft and also the labour required to keep the bags moving. both into the aircraft
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come out and back into the hands when we arrive at the destination.— destination. thank you very much. check _ destination. thank you very much. check the _ destination. thank you very much. check the small - destination. thank you very | much. check the small print destination. thank you very i much. check the small print i suppose especially online. in the future, astronauts working on the moon may well be able to 3d—print their supplies using lunar minerals to create build homes, household items, protective gear and even roads. with the huge cost of transporting materials, people and machinery into space the ideal solution would be to use local martian materials, in situ. well, nasa has partnered with stratasys, polymer 3d printing solutions for an upcoming space mission to test 3d printed materials on the surface of the moon. live now to foster ferguson, global director of aerospace, stratasys. why is 3d printing so important for creating things
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first, do we have a 3d printer big enough? i first, do we have a 3d printer big enough?— first, do we have a 3d printer big enough? i don't know if we have a sd _ big enough? i don't know if we have a 3d printer _ big enough? i don't know if we have a 3d printer big _ big enough? i don't know if we have a 3d printer big enough i have a 3d printer big enough right now to do what you may be suggested that but we're definitely excited about with nasa and the aerospace team to test a few things that are going to be ongoing here. what are ou going to be ongoing here. what are you testing? _ going to be ongoing here. what are you testing? right - going to be ongoing here. what are you testing? right now - going to be ongoing here. what are you testing? right now is l are you testing? right now is the global— are you testing? right now is the global leader _ are you testing? right now is the global leader for - are you testing? right now is| the global leader for hardware materials and software stratasys has been involved in elimination and will be testing the mechanical
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elimination and will be testing the mechanin through the help us work through the environment of the moon. talking but all the different things we need to be worried about from rapid tablature swings to radiation effects and our polymers are well—suited for that. we had polymers that are tungsten filled and have a banana to polymers that help with the electrostatic discharge. these are very important mechanical properties that will be applied to these tests.
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you can see all the isobars here. in between there will be some sunshine and further showers. a very unsettled week ahead to come for much of the uk, like i mentioned, those areas of low pressure bringing spells of wet
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and windy weather. but it will be very mild on the flip side, particularly england and wales. towards the end of the week, we could be looking at highs of 17—18 celsius across southern parts of the country, given a little bit of sunshine, but it is remaining unsettled.
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a controversial new law on hate speech comes into force in scotland — police warn it could make theirjobs harder. tens of thousands of people in israel take part in the biggest anti—government demonstration since the start of the conflict in gaza.

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