Skip to main content

tv   Business Today  BBC News  June 4, 2024 12:30am-12:46am BST

12:30 am
are reaching their culmination today as the votes get conted. over 640 million people exercised their franchise in the world's largest democracy where the incumbent prime minister mr narendra modi has sought a third term, and post poll projections show he mayjust get that. financial markets, on their part, are already taking a cue. archana shukla has the details. on monday, indian stock exchanges hit their lifetime highs, shedding the nervousness they had during the entire election period. and the exuberance came from a clutch of post—poll projections that predicted prime minister narendra modi's prime minister narendra modi's ruling party, janata party, and its allies on the road to a landslide victory. the post—poll projections were released over the weekend, and the markets are hoping that this win would mean the infrastructure—led economic drive and market friendly drive and market—friendly
12:31 am
reforms would continue in the world's fastest growing major economy in the world. that reported more than an 8% economic expansion in the last financial year. some of the post—poll projections have even predicted a two thirds majority for the ruling party, and that would be even more than what they won in the 2019 elections. but these are still projections, and the exit polls have had their share of failures in the past. there's also expectation that many seats could go for a nail biting finish in the world's largest election. that also was marked by high pitched campaigns, divisive speeches, fake news and questions over the free and fair election. and so it's not over until it's over. the electronic voting machines that have recorded every single vote that was casted and its corresponding paper trails have reached the strong rules and the counting will begin 8am tuesday local time for whoever wins this mandate, creating enoughjobs and ensuring that india's fast paced economic growth continues and also trickles down
12:32 am
to the masses will be priority. now to the aviation sector — because three international airlines have been hit with fines for slow covid refunds. lufthansa, klm royal dutch airlines and south african airways have all face civil penalties totalling $2.5 million. michelle fleury has the latest from new york. yes. the us department of transportation said today's action stems from extreme delays in refunds worth more than $900 million from lufthansa, klm and south african airways. all of this related to covid—19 flight changes and cancellations. now, on top of the refunds, the three airlines have already paid back, they now face a hefty fine. us transportation secretary pete buttigieg said this was about holding airlines accountable, adding that passengers, well, they shouldn't have to fight with the airline to get their money back. lufthansa and dutch flag carrier klm were both fined over $1 million each. south african airways was ordered to pay $300,000.
12:33 am
germany's lufthansa said in a statement it had made all the required refunds and blamed the historically unprecedented level of refunds during the covid—19 pandemic for the delay. the department of transportation, meanwhile, has launched a new dashboard in an attempt to put public pressure on airlines to address customer concerns. all of this has caused groh from the biden administration to cut back on so—called junk fees. let's stay with the airline sector — because industry bosses are gathered for their global summit in dubai — where the crisis at boeing is high on the agenda. the trade body iata — the international air transport association — is predicting air passengers will hit a record of almost five billion this year — beating a pre—covid high — with airline profits expected to climb over $30 billion for 202a. but they are worried about getting the new planes they need. boeing has yet to choose a new ceo after boss dave calhoun announced that he's stepping down at the end of the year. here's the boss of iata willie walsh.
12:34 am
it's not for me to say who should be running boeing, but i think an understanding of what went wrong in the past, and that's very important. our industry benefits from learning from mistakes and sharing that learning with everybody. so an acknowledgement of what went wrong. looking at best practice. looking at what others do. making sure that the culture exists. that's where these issues become apparent and aware to some, become apparent and where to everyone. and i think that that is a critical issue, that we have a culture within the industry which hasn't had safety, where people are feel secure in putting their hand up and saying things aren't working the way they should do. the iata also said its members are not planning to make passengers keep seat belts on at all times during a flight. the death of a british man on a recent singapore airlines flight, which was hit by severe turbulence, has highlighted the wearing of seat belts. initial investigations found
12:35 am
that passengers who were not wearing them were thrown up and then back down. iata pointed out carriers have long advised people to keep seat belts fastened while seated, and do require it during turbulence. we're in the early days ofjune — which usually marks the start of the summer season in the northern hemisphere. in the us — one of the popular past times would be going to the movies... movie—goers are also now faced with another option at the cinema, the even larger screen format known as imax. last year's summer blockbuster oppenheimer was the biggest earner for imax screens, surpassing 180 million us dollars in ticket sales. the company's chief richard gelfond told me how it's competing against all the streaming giants. well, the streaming giants. imax is a very different experience. well, imax is a very different experience. it well, imax is a very different experience-— experience. it feels like ou're experience. it feels like you're there, _ experience. it feels like you're there, it's - you're there, it's awe—inspiring for people. so for us, 23 was equivalent to the best year we have ever had, in 2019, and for some of these movies, specially made for
12:36 am
imax, like you mentioned oppenheimer, doon to, north american box office on less than 1% of the screens. some people have been gravitating post—pandemic and to your question, with streaming, so something premium, something really special and that's imax. let's talk about climate change because as countries try to cut emissions, many are choosing nuclear energy. but hundreds of thousands of tonnes of nuclear waste has been piling up in temporary storage. finland thinks it has a solution. adrienne murray travelled to eurajoki to find out more. it's a brief elevator ride almost half a kilometre underground into the depths of enkellr, where for the first time, anywhere in the world, highly radioactive nuclear waste will be permanently stored. these tunnels span more than 50 kilometres. our depth at the moment is about 430 metres.
12:37 am
eventually, they'll hold six and a half thousand tonnes of spent uranium, all the waste finland's five eventually, they'll hold six and a half thousand tonnes of spent uranium, all the waste finland's five reactors will ever produce. it takes hundreds of thousands of years for radioactive waste to safely decay. and this underground tomb is the final resting place for finland's spent nuclear fuel. the bedrock here is almost two billion years old, and geologists think it's ideal for a nuclear graveyard. and the whole western finland is located in a really stable, geologically stable area. we have hardly any earthquakes, and the ground weather conditions are good for our concept. newsreelz a final disposal facility... |
12:38 am
remote controlled machines, will do the work slotting five metre copper canisters into holes in the rock before it's sealed off with clay and a thick concrete plug. so this is how most radioactive waste is temporarily stored in pools above ground. and worldwide, around 260,000 tonnes are piling up. but finland believes a geological team like this a geological tomb like this offers a safer solution. you need to cool down the spent fuel for a0 years. world is full of those temporary storages and almost all of that, this waste is ready to be put to its final place. you might imagine that few would welcome such a facility in their back yard, but two thirds of finns support nuclear energy. and in the neighbouring town of eurajoki, locals have been won over byjobs and huge tax revenues when they built it. there was a lot of employees, workers, and it's bring money. if we look around, everything here is because of that. - it has given us everything. it'sjust a fact. the nearby power plant, okelloto, is now home to three reactors after europe's newest and most powerful were switched
12:39 am
on last year. amid heightened tensions with russia, it's been fortunate timing and has helped spare finland from the worst of europe's energy crisis. we have a history of being the most dependent on imports in electricity. and finally now we are not dependent on imports any more. nuclear power doesn't produce any direct carbon emissions, and here it's seen as climate friendly. even finland's green party have backed it more than 90%. even finland's green party have backed it. more than 90%. .. but some environmentalists still worry about the risks. you have ways that you should take care of for enormous - amount of generation. so it would be hard to say i that it would be sustainable. while some countries like germany, have said no to nuclear, others, including the uk, are building new reactors and are watching finland very closely.
12:40 am
eurojoki. shares in paramount global have jumped after reports said it has agreed with skydance media on terms for a merger. according to cnbc, the deal is said to be worth about $8 billion and it can be announced in the next 2a to 48 hours. five ofjapan's leading car—makers are caught up in a scandal that has forced the suspension of some vehicle shipments. a government investigation has uncovered faulty testing data at toyota, honda, mazda, suzuki and yamaha motor. that's it for this edition of business _ that's it for this edition of business today, _ that's it for this edition of business today, i'll- that's it for this edition of business today, i'll see i that's it for this edition of. business today, i'll see you again— business today, i'll see you again soon _
12:41 am
12:42 am
12:43 am
12:44 am
hello and welcome to sportsday — i'm gavin ramjaun. djokovic does it again — the world number one comes back from the brink of defeat to make the quarter finals of the french open. kylian mbappe says it's
12:45 am
a "dream come true" as his long—awaited move to real madrid is confirmed. and jos buttler tells us he's keen to forget, as england begin the defence of the t20 cricket world cup hello there, and welcome along to the programme. we begin with an incredible comeback from novak djokovic at the french open, which saw the world number one reach a record 59th grand slam quarterfinal. djokovic cruised the first set against francisco cerundolo 6—1, but looked in real trouble after that. his opponent levelled, then went ahead, after djokovic struggled with a knee injury. as we've seen before though, you can never rule him out, and the defending champion dug in, to win the next two sets... 7-5, 6-3. another epic five—setter for djokovic, who is chasing a record extending 25th major title this year.

26 Views

info Stream Only

Uploaded by TV Archive on