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tv   Asia Business Report  BBC News  April 19, 2024 12:30am-12:46am BST

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the united states where the earnings season for the technology giant has kicked off and netflix is reporting revenue for the january to march quarter. it beat expectations, partly due to the subscribers it added over the period. technology and media analyst ben barringer broke down the numbers for us. the numbers _ down the numbers for us. the numbers were _ down the numbers for us. tue: numbers were strong, down the numbers for us. tte: numbers were strong, generally across the was up 15%, very strong margin performance, the guide for 02 is also pretty strong, 16%. so this was an excellent quarter, they are also guiding the full year for 13 to 15%. the only issue is the stock is off about 4% after hours and i think the real negative there is that expectations were very high, and, you know, about 9.3 may not be enough the other thing thatis not be enough the other thing that is a slight fly in the ointment is they are no longer
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going to provide a subscriber guide is an 2025 so that is still three quarters away but some will still be disappointed by that. fin some will still be disappointed b that. �* , by that. an interesting decision, _ by that. an interesting decision, talk - by that. an interesting decision, talk us - by that. an interesting i decision, talk us through by that. an interesting - decision, talk us through the subscriber growth and what it means. ~ . , subscriber growth and what it means. ~ ., , ., , , subscriber growth and what it means. ~ . , ., , , , subscriber growth and what it means. ~ . , . ,, , means. what is happening is as the are means. what is happening is as they are providing _ means. what is happening is as they are providing more - means. what is happening is as they are providing more tears l they are providing more tears are different levels of service and they are also providing an advertising tear, they argue that the standard price times volume that people used to calculate revenue growth for netflix is no longer relevant, the subscriber element is more competitive than that and so they think they can just provide revenue guidance rather than those subscriber numbers. they will periodically provide subscriber numbers, they are now at 270 million subscribers, so they will give metrics like that but i think the market is always anchored on those subscriber numbers and so did a bit of a disappointment for them. ~ . ., . .,
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them. micron will receive more than 6 billion _ them. micron will receive more than 6 billion dollars _ them. micron will receive more than 6 billion dollars from - them. micron will receive more than 6 billion dollars from the l than 6 billion dollars from the government to produce advanced memory chips. they will build factories in central new york. intel was also awarded a grant to help raise chip production in the art estates. speaking of taiwan, it has seen a jump in speaking of taiwan, it has seen ajump infirst speaking of taiwan, it has seen a jump in first quarter net profits by 9% to nearly $7 billion, that is above market forecasts. dmc is... current artificial intelligence boom has popped up demand for chips. chips in general, tsmc said ai demand is really strong, we are seeing multiple customers whose revenues to us are doubling year on year, and we are still
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unable to fulfil demand and so ai has been driving semiconductors and it doesn't look like that is changing. there was an earthquake in taiwan recently, will that have impact on tsmc?— taiwan recently, will that have impact on tsmc? what they said is none of their _ impact on tsmc? what they said is none of their equipment - impact on tsmc? what they said is none of their equipment was l is none of their equipment was damaged so it doesn't affect production, moving forward, they did lose some wafers because of the earthquake but the impact on financials is minimal, they went down 50 basis points and margin but thatis basis points and margin but that is eight and after 02, there is no impact.- that is eight and after 02, there is no impact. and if we talk about — there is no impact. and if we talk about tsmc _ there is no impact. and if we talk about tsmc being - there is no impact. and if we i talk about tsmc being awarded there is no impact. and if we - talk about tsmc being awarded a huge subsidy to start producing its chips in the united states, we see a change in the company's i don't think so. certainly, i think you had seen everyone driving their feed in terms of bringing manufacturing up terms of bringing manufacturing up in the us waiting for the subsidies to be imported, i think without the subsidies,
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the us hasn't been an competitive choice for building chip labs but i think from the tsmc perspective, they will tell you customers want geography and that is why they are building there and the subsidies from the us make it easierfor them to build on the us versus someone else. the us has speaker will include the tiktok bill in a package of bills being tracked fast tracked through congress on saturday. they want tiktok to divest its us assets or face a ban. the social media platform has enjoyed explosive growth since it launched. why ban the platform? our business report explains. tiktok, one of the hottest apps right now, with more thani billion active users worldwide, most of them young, and i tend to spend more time on did not than any other app which makes it very attractive for advertisers but not everybody is happy about it. politicians
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in the us had set their sights on the app, they seem to have a problem with tiktok owner. it was created in beijing in 2012 and since then it has become one of the fastest growing companies out of china and it is precisely the origin that has us lawmakers are worried, they say it is a chinese company and as such it could be compelled by the chinese government to either give up the data it has on american users or to conduct influence operations among the american public. but according to tiktok, it is met that they are a chinese company. they say 60% of fighters is owned by global institutions. another 20% is owned by tiktok employees around the world where only the 20% is owned by the chinese founder. still that hasn't been enough to convince lawmakers in the us and i have two other reasons for that. under chinese
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law, chinese companies, byte dance included, must have ning house group of employees who are communist party members, and there is also the golden share process whereby the chinese government takes an i% stake in key subsidiaries in data rich companies. regardless of who is wrong or right, tiktok is all the rage right now, it is one of the world's most downloaded apps. it is no wonder it's most downloaded apps. it is no wonder its owners are fighting tooth and nail against breaking up tooth and nail against breaking up the tech giant. you can find out more of our coverage on tiktok on our website. tesla shares have fallen to their lowest level in more than a year. this comes after deutsche bank raised concerns over the electric vehicle makers focus on creating new products like the robo taxi while its profits are still
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under pressure. the brokerage cut its price target for the stock. is the boom time over for electric vehicles? rising electricity costs and an end to generous government subsidies in some countries have made running electric vehicles are more expensive than running petrol and diesel —— diesel vehicles. but norway is bucking the trend, nine out of ten cars sold their this year have been electorally. michael expected the ministry of transport. the reason for this is we introduced a broad package of incentives and of course you need a good economics but we agreed in long—term and medium—term that was predictable for the customers and predictable for the private sector, so it was both tax
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incentives but also user incentives but also user incentives for the customers. you know some critics may ask, if you're incentives have been too successful, because the argument is that these generous incentives actually make norway even more car centric, as opposed to well, following other countries morals of encouraging people to use more climate friendly forms of public transport and cycling for example but what you have a norway is people buying a second, even a third car, you've got more cars on the road now, what he said those critics? t road now, what he said those critics? w , ., road now, what he said those critics? , ., critics? i face is a good argument _ critics? i face is a good argument. i— critics? i face is a good argument. i think - critics? i face is a good argument. i think it. critics? i face is a good argument. i think it is| argument. i think it is important to acknowledge that electrical cars have the competitive edge to the public transport, and if we follow that very closely, particularly in urban areas, so we are ready to change the policy if we can see that the market is going in the wrong direction or people
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are choosing cars before public transport. and we have agreements schemes with the big cities in norway, together with local and regional governments, to try to make all the growth in transport to come with public transport and cycling and walking and so on, so we do follow this closely and i think it is a very good argument to set, and i know that not all countries are like norway. even our biggest cities are small cities and we are quite rural so i think that in many areas, people will be dependent on cars in norway. google has sacked 28 workers who took part in protests against a deal it has with the israeli government. the technology giant is involved in
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a project which provides israel with cloud computing and ai infrastructure. it says protesters who staged sit ins at its offices in the united states were physically impeding other employees work. they added their project was not directed at the military. more from me in the next hour, see you soon.
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hey, i'm zof with the catch up. we start in scotland, where the government scrapped one of its big climate change targets. their plan was to cut greenhouse gas emissions, which caused the planet to heat up by 75% by 2030. ministers now say that's out of reach. they're blaming uk government cuts and backtracking on climate measures. campaigners say they're disappointed. we are backtracking,
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we are removing targets and we are really looking at the fact that we have not been doing enough when it comes to reducing carbon emissions. scotland's goal of reaching net zero by 2045, five years earlier than the uk as a whole will remain, though net zero means not adding more harmful greenhouse gases to the atmosphere. ——to the atmosphere than you'll take it out. and that's just a tough time for a lot of students with exams coming up. but this year, it could be even harder for students with adhd, as there's been a shortage of medication since september. this is because of more demands and problems with supply. some students are even having to ration their medication. alice told us how it's affecting her. i'd be terrified. i genuinely don't know how i would be able to get get through my gcses, especially achieved the grades i wanted to or even, i don't know if i would be able to finish the exam on.
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time now to leave you with 10 seconds of a tiktok knitter setting the world record for the most blankets knitted in 2a hours in a charity challenge. he saw knitted i9 blankets in memory of his grandmother who also loved knitting. that is adorable. i love it. you're all caught up now. see you later. hello there, and welcome to sportsday. coming up on the programme... there will be no european success injurgen klopp's final season with liverpool. beaten by atalanta in the europa league quarterfinals. there could be glory in europe for aston villa, though, as they cope with the pressure of penalties and reached the semifinals of the europa conference league. getting back to her best, emma raducanu eases past linda noskova to reach the quarterfinals in stuttgart.
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and a surprise early contender at the chevron championship as world number 94 lauren coughlin sets the pace. hello there and welcome along to the programme. on wednesday, we found out the semifinal line—up for the european champions league, now we know the final four teams in the europa league and the europa conference league. we'll start in bergamo in italy wherejurgen klopp's hopes of finishing his time as liverpool manager teams in the europa league and the europa conference league. we'll start in bergamo in italy wherejurgen klopp's hopes of finishing his time as liverpool manager with a european trophy are over after they were knocked out by atalanta. liverpool won the second leg 1—0 but it wasn't enough to avenge their first leg 3—0 defeat at anfield. vicki sparks is watching. after so many down the years, there was to be no great
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european comeback this time for liverpool. hopes were kindled early on when they got off

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