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tv   Business Today  BBC News  May 13, 2024 1:30am-1:46am BST

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we are in inflation watch. the latest data suggests beijing's policies may be boosting consumer confidence in the world's second—biggest economy. do you get al's help to do your resume? we ask an expert if that's a good idea. hello and welcome to business today, i'm steve larkham. let's start in china with an loudest data shows inflation is starting to pick up. consumer prices rose for a third mother in april which signals a and demand. while they been battling the cost—of—living crisis, they fell into deflation last year which means prices fell. beijing has announced measures to boost consumer confidence. in the us it's a very different story. the focus is the latest inflation figures out this week
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because of consumer prices rise too quickly the american central bank will likely push the timing of interest rates cut further down the line. on tuesday australia's government will unveil its annual budget and we expect measures to ease cost of living pressures in the country. on friday will have more data from china which could or should give us clues on whether consumers are spending with the release of monthly sales numbers. achieve market analyst gave us his analysis. market analyst gave us his analysis-— market analyst gave us his anal sis. . , . ., analysis. the latest batch of us analysis. the latest batch of us inflation _ analysis. the latest batch of us inflation data _ analysis. the latest batch of us inflation data will - us inflation data will certainly front and centre for financial markets this week. maybe it will take down to 3.5%. if so, in the right direction, if you like, that could give some market momentum and other assets like gold and it could take steam out of those us treasury yields that remain elevated. on the flipside we know that inflation data can be uncooperative and
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if it starts to at chaillot, we've seen cases of that in the past. that could upset some of the confidence and equity markets because it could push up markets because it could push up the timeline for when we long—awaited rate cut from the federal reserve, so we also got us retail sales this week. also awaiting some comments from the third chairmanjerome powell, third chairman jerome powell, so third chairmanjerome powell, so between those two and the cpi and ppi don't sarah batts this week that could certainly shift the needle as to those all—important interest—rate all—importa nt interest—rate expectations. are all—important interest—rate expectations. are still favouring at september, but if we happen to see a hotter read this week on cpi, wouldn't surprise me if we saw that timeline put further down the road, perhaps towards november, so let's see what the figures are. i so let's see what the figures are. ~' so let's see what the figures are. ~ ., . . so let's see what the figures are. ~' ., ., . ., so let's see what the figures are. ~ ., ., . ., ., are. i like to watch for. china has key data _ are. i like to watch for. china has key data out _ are. i like to watch for. china has key data out including i has key data out including retail sales. what's the state of the chinese consumer right now? , ., , of the chinese consumer right now? ,.,, , ., now? some positive figures from
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china over _ now? some positive figures from china over the _ now? some positive figures from china over the past _ now? some positive figures from china over the past week - china over the past week starting last week actually when we saw the trade balance figures so there was a nice turnaround in terms of chinese imports so we know the chinese domestic market has been a real weak point for china and this post covid reopening arrarte, there's been a lack of consumer confidence and lack of consumer buying which has led to deflationary pressures but the inputs figures came in almost double what was expected last week so that was certainly a sign of competence returning and their appetite consumer products has returned. that's followed through to the inflation data that you mentioned. they are urging further away from the deflationary zone, so still not great figures if you like but certainly they're getting more breathing space between that cut off point between inflation and deflation, so positive signs from china and perhaps green shoots. investors probably want to see more evidence though before getting more confident that china has turned the corner, but certainly data over the past
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week and the past month has beenin week and the past month has been in more positive than we've seen in the few years. those are the thoughts of achieve market analysts. the cost—of—living crisis is a global issue affecting many other economies. egypt has been affected by geopolitical issues like the war in gaza and attacks in the red sea. to find out how the government is cushioning the blow, our correspondent sat down with the egyptian minister of international cooperation. estimated or predicted impact of geopolitical situation on the suez canal, restoring micro economic stability meant that the repercussions of the shock have been internalised and the policy discussions and policy framework that is been endorsed by the government. all this to mitigate the impact of that externality on the domestic economy. externality on the domestic economy-— economy. according to the collagen — economy. according to the collagen of _ economy. according to the collagen of about - economy. according to the collagen of about 6096 - economy. according to the collagen of about 6096 of l economy. according to the i collagen of about 6096 of the collagen of about 60% of the egyptian population is living close below the poverty line. that's a big challenge. how are
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you planning to address the? we are one you planning to address the? - are one of the most important social protection programmes that the world bank has and it is a social protection or social safety net programme designed for families and tired education of girls so it is a very important programme. the others at the current budget which was just discussed in parliament includes a very important segment related to social programmes that again mitigate the impact of many of those reforms on vulnerable groups. figs those reforms on vulnerable ”mus, �*, i, ., those reforms on vulnerable u-rous. a i, ., , groups. as egyptian minister for international _ groups. as egyptian minister for international cooperation | for international cooperation speaking to sameer hashmi. in business news, report has found that employees of some suppliers are working 35 hours a week ——75 hours. despite a promise to improve conditions. a recent interview of 13
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workers from six suppliers follows on its reportedly 21 which discovered long hours in factories. they told the bbc was working hard to address issues in the public eye report. south korea is preparing a support package for its chip industry that will provide more than $7 billion towards investment and research. its finance ministry said the programme will target companies throughout the semiconductor supply chain. south korean resident used sam yang valley to pour all possible resources into winning the war in ships. the country is home to large chipmakers including samsung and sk heinrichs. hunting for a job can be a tedious process with never—ending cv tweaks and numerous cover letters. but some jobseekers are using new ai tools to speed up the process. a recent survey of 10,000 hiring managers and applicants by the online design platform can bar found 45% of people had used ai platform can bar found 45% of people had used al to create or
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improve their resume. recruiters are increasingly aware of applications that have been created using ai. rijosh singer is the director foretell acquisition in the middle east and he says there are pros and cons forgetting artificial help. cons forgetting artificial hel . ., cons forgetting artificial hel. . ., , , help. there are many ways with recruiters. _ help. there are many ways with recruiters, the _ help. there are many ways with recruiters, the easy _ help. there are many ways with recruiters, the easy way - help. there are many ways with recruiters, the easy way is - help. there are many ways with recruiters, the easy way is to i recruiters, the easy way is to see if there is a generating pattern. the views are same or similar to cvs pattern. the views are same or similarto cvs and pattern. the views are same or similar to cvs and couplers. the robust interviewing also exposes the depth of knowledge on the required subject matter. proctors assessments are capable of progressively upgrading with time to catch. evenif upgrading with time to catch. even if you get through and secure the role on the job performance will expose this eventually. performance will expose this eventually-— eventually. there's only one art of eventually. there's only one part of the _ eventually. there's only one part of the process - eventually. there's only one part of the process after - eventually. there's only one part of the process after all| part of the process after all but it a problem to use ai for these initial application
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processes, submitting a resume, cover letter, everyone is doing it, does it make a difference? it does. to start with, the problem is not using the tools or technology, problem is not using the tools ortechnology, but problem is not using the tools or technology, but as a replacement, you get exposed eventually on the night of competence and experience and that might end up, depending on the majority of the talent acquisition framework that every organisation has, it'll get highlighted at different stages resulting in the rejection or termination. none of these outcomes are favourable for anyone. how would you _ favourable for anyone. how would you encourage - favourable for anyone. how would you encourage jobseekers when it comes to submitting resumes not to use ai? there must be some benefits if recruiters are using ai must be some benefits if recruiters are using al to sift the resumes, surely to gain the system fitted to give yourself a chance to produce resumes that al a chance to produce resumes that ai will be attracted to. according to my opinion it serves you best when used as an enabler to demonstrate competency in a better light.
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use it to complement the lack of knowledge with proper due diligence and generally learning through the real avenues. it can point you towards something, then you have to follow through and develop the competency. also keepin develop the competency. also keep in mind that the content is never 100%, so exercise caution before using it. that would be my recommendation for using ai. would be my recommendation for usin: ai. ,, ., would be my recommendation for usin: ai. ,, . , , ,, would be my recommendation for usinuai. ,, . , , ,, , using ai. small business news. shares of _ using ai. small business news. shares of traders _ using ai. small business news. shares of traders electric - shares of traders electric vehicle maker seeker have surged by almost 35% on their debut in the us. it's the premium brand manufacturer which also owns sweden's volvo and the uk's lotus. it was formed in 2021 to tap into growing chinese demand for premium ev models that hasn't delivered nearly 200,000 cars, mostly in china. chinese companies have been winning bids to explore oil and gas fields in a rock. since saturday they are one licenses
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covering ten sites while iraqi kurdish company kkr group took two. the iraqi government is offering licenses for 29 projects aimed at ramping up output for domestic use. although companies from europe were shortlisted, firms from china have been the only foreign players to win birds so far. let's look at the markets. japan's nikkei has started trading for the new week. this is how they are trading at the moment. you can see they are jarred 0.3%. after opening flat. a lot of attention will be on the us inflation data as we sat and we are also watching for the japanese yen. we will have more business news right here on business today in the next hour. when we come back. goodbye.
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hello and welcome to sportsday — i'm gavin ramjaun. coming up in the programme... the men lose but manchester's women credit history at wembley ljy women credit history at wembley by winning the fa cup final. novak djokovic has been knocked out of the italian open with a wide number one claiming it might have something to do with that bottle. hello and welcome along. after
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manchester city 147 human asked to

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