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tv   Business Today  BBC News  July 11, 2024 12:30am-12:46am BST

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targeting firms from china and other countries that are routing shipments of steel and aluminum through mexico in a bid to evade tariffs. our north america business correspondent erin delmore has all the details. back and may present biden implemented higher tariffs on steel and aluminium. concerns have remained in the imports could stick into the us duty—free through mexico which is a special treat relationships between the us and canada. but the us and mexico are taking joint steps and mexico will require importers to supply more information about a products country of origin which we need to be provided when the products are imported to the us and still imported from mexico will still get hit with the us 25% tariff on it is shown to have been noted in borden mexico. the us or canada. aluminium for mexico will still
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be subject to the 10% tariff if they contain elements in china, russia, belarus or ron and they said in ajoint russia, belarus or ron and they said in a joint statement that the new steps will strengthen steel and aluminium supply chains. there could also be an added benefit for president biden who has been a staunch opponent of the takeover of the street american company us steel byjapan. news street american company us steel by japan. news like this could help when the vote of the union united steel workers union united steel workers union and his reelection bid. meanwhile, china is launching an investigation of its own into what it called european union trade and investment barriers. the move follows an eu decision to investigate whether chinese companies — especially transport and green energy ones — have been given unfair subsidies. beijing has denied distorting competition, and said it might retaliate to protect chinese companies�* interests. wall street investor guilty of
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fraud and market manipulation, three years ago, the collapse of his fund and capital management cost billions of dollars in losses and the accused him of lying to members by amassing large stakes of a handful of media technology firms. artificially drying up there, it led to a massive sell—off of stocks. samsung electronics unveiled a series of new products at its " galaxy unpacked" event held in paris.the event featured a new series of foldable phones, smartwatches, as well an updated earphone model that can translate foreign languages it hears into a user's chosen language.the company also announced its first foray into "smart rings", health monitoring devices that measure users�* heart rate and sleep.the users�* heart rate and sleep. the four hundred dollar device will be available later in july. staying with samsung electronics — thousands of workers are set to remain on strike — with the union representing them calling for the industrial action to continue
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indefinitely. the national samsung electronics union says 6 and a half thousand of its members have been striking since monday — calling for better pay and benefits. they claim the strike is impacting production at the world�*s biggest producer of memory chips — a claim that samsung disputes. for more on this we cross live to japan and join marc einstein who is a chief analyst at itr corporation. this is having some and backed they have 3000 overall employees and even a third of the union is on this strike it it�*s something we should be watching and some the differently _ watching and some the differently cause - watching and some the differently cause for. watching and some tie: differently cause for concern, it is not like all samsung production lines are off—line, thatis production lines are off—line, that is not the case that all. if the strike discontinued when will it become a problem for samsung and problems with supply chain? i samsung and problems with suwly chain?— supply chain? i think it is, this goes _ supply chain? i think it is, this goes on _ supply chain? i think it is, this goes on for— supply chain? i think it is, this goes on for days - supply chain? i think it is, - this goes on for days or weeks, i do not think it�*s too serious but we are getting ready for the holiday season which is the biggest quarter for companies
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like samsung so this goes on for the next couple weeks, and may be time to start getting concerned. may be time to start getting concerned-— may be time to start getting concerned. house and can we resolve this — concerned. house and can we resolve this issue? _ concerned. house and can we resolve this issue? if - concerned. house and can we resolve this issue? if you - concerned. house and can we | resolve this issue? if you look at the dispute, _ resolve this issue? if you look at the dispute, the _ resolve this issue? if you look at the dispute, the cost - resolve this issue? if you look at the dispute, the cost of - at the dispute, the cost of living, inflation and they�*re only about 0.5% off the two parties we so it could happen to semiconductor supply lines during covid—i9 and this is something that both parties to want to avoid at all costs they do expect a resolution fairly quickly. do expect a resolution fairly cuickl . ., , ., ., do expect a resolution fairly cuickl. ., , ., ., , quickly. how big of a problem is this if you _ quickly. how big of a problem is this if you look _ quickly. how big of a problem is this if you look at _ quickly. how big of a problem is this if you look at the - is this if you look at the competitive space and certainly if the competition is not slowing down.— if the competition is not slowin: down. ~ ., , . ,, slowing down. memory chips, tvs, smartphones _ slowing down. memory chips, tvs, smartphones in - slowing down. memory chips, tvs, smartphones in the - slowing down. memory chips, l tvs, smartphones in the world, this has the potential to be quite serious and we are in this arms race to develop this and for that reason, i do believe that the management will want a prompt resolution to this dispute.— will want a prompt resolution to this dispute. with this read think i'll send _
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to this dispute. with this read think i'll send some _ to this dispute. with this read think i'll send some treats - to this dispute. with this read think i'll send some treats its| think i�*ll send some treats its employees? think i'll send some treats its employees?— think i'll send some treats its employees? diversification of the semi conductor _ employees? diversification of the semi conductor is - employees? diversification of i the semi conductor is something that came out as a major theme of covid—i9 and i think this will give samsung further impetus to look at other countries to source and including vietnam, india and even the united states. 50 even the united states. so samsung _ even the united states. 50 samsung would even the united states. so samsung would rather take its business elsewhere rather than treat its workers as they would say, fairly. treat its workers as they would say. fairly-— say, fairly. yes and i think this will— say, fairly. yes and i think this will be _ say, fairly. yes and i think this will be accelerated . say, fairly. yes and i think this will be accelerated as| this will be accelerated as result of this issue.- this will be accelerated as result of this issue. they saw their revenue _ result of this issue. they saw their revenue jump _ result of this issue. they saw their revenue jump over- result of this issue. they saw their revenue jump over 30%j their revenue jump over 30% compared to a year ago and i was away about what the market is forecasted. including nvidia and apple have benefited from the surging demand for al chips. gamers left to pay more if they want to continue xbox game pass. 0wning the brand,
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they have implemented a price hike of up to 25% of the gaming subscription service. her existing users to the platform. the indian gaming industry is run $3 billion of more than 400 million cameras in the country. making india the second largest market after china and these are the findings of report as well as the idem federation of india. real money games of the one dominating the industry. generating over 18% of revenue for the sector and these are the games the user plays for widger have become very popular in india. but they attracted a fair bit of debate because some say these games are a form of gambling which is illegal in india. we�*ll gaming companies
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disagree, calling them games of skill and not a chance. in the absence of clear regulations, the government imposed a heavy 28% tax on these gaming companies. but even as the deal with these high texts, some global investors from seeing potential in the sector and very lucrative and up—and—coming sector and the call for a detailed code of conduct to conduct to have to have defined ethical standards to ensure transparency in the indian gaming sector. starlink, the satellite unit of elon musk�*s spacex, is waiting for approval to be a service provider in sri lanka from the country�*s telecoms regulator. the parliament there amended a 28—year law to allow foreign companies to provide internet services, as the government wants to grow its it sector. starlink offers high—speed data through an array of small satellites used for internet—dependent activities. for a closer look at the collaboration between private and public sectors in the business of space, we�*re joined by industry expert tim farrar. what�*s the appeal of private operators like starlink? they see this as new when it
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comes to space because * link has put up such an advanced system and the governments of the thing again about how they regulate the satellite industry and what types of services they can have in there.— can have in there. elaborate on why they're _ can have in there. elaborate on why they're such _ can have in there. elaborate on why they're such an _ can have in there. elaborate on why they're such an appeal- can have in there. elaborate on why they're such an appeal for| why they�*re such an appeal for this something with the private sector, moving faster with technology and are more developed?— technology and are more develoed? a, ., ., , developed? moving far faster than any other— developed? moving far faster than any other satellite - than any other satellite company as of 6000 satellites in space and more bandwidth than any other settle a country in the world put together and thatis in the world put together and that is been achieved at an incredibly short span of time meant for only about two or three years to get to this point and that i�*m launching at least £10 a month with even more satellites and so, forging ahead very quickly and a revolutionary new technology and service that preps in over hundred countries around the world have decided to permit.
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what are the applications as there a thing as private operators versus government run ones when it comes to business. i think we are seeing this as part of a wider geopolitical alignment and their other governments that are very keen on satellite systems, china for one as very substantial ambitions in this area in the european union and how to move forward with the european systems in the canadian government looking to back one of their own. and there will be geopolitical rivalries here and i think they�*re going to view this in the overall context for an alignment and what they want to choose aligning with the us are perhaps china or other solutions.— are perhaps china or other solutions. ~ . , ., solutions. which country do you believe is _ solutions. which country do you believe is leading _ solutions. which country do you believe is leading the _ solutions. which country do you believe is leading the space - believe is leading the space race? ,, , ., ., ., ., race? the us is far ahead than we do have — race? the us is far ahead than we do have a _ race? the us is far ahead than we do have a european - race? the us is far ahead than j we do have a european system called one web that is up in
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space and just on the point of launching and shyness trying to catch up and has been launching test satellites and you cannot count the chinese out because they see this as a critical geopolitical area of competition with the us.
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hey, i�*m zof with the catch up. tonight, tragedy in hertfordshire, four day working week trials and shrek five. police searching for kyle clifford following the triple killing in bushey say they have located a man in enfield in north london. the wife and two daughters of bbc commentator john hunt were killed
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in their home last night. carole hunt and her daughters hannah and louise, were found with serious injuries tuesday evening and died at the scene. students and graduates who are suing ucl over the quality of teaching during strikes and covid lockdowns have been told their cases will go to trial at the start of 2026. around 5000 students have brought claims against the uni after teaching was cancelled or moved online. some other stories now, hundreds of british workers will be given more choice over their hours as part of a new pilot by the official four day week campaign. the six month project follows on from the original 2022 trial, with employers also trying flexible start and finish times. and this is exciting after such a long time. after such a long time, shrek is back. mike myers, eddie murphy and cameron diaz are all set to return for the lovable
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0gre�*s first film in 16 years. mike myers will play shrek, cameron diaz returns as princess fiona, and of course, eddie murphy will be back as donkey. and time now for 10s of animals calling down at prague zoo. as temperatures soar above 30 degrees, the zoo releases up to ten tonnes of ice when it gets too hot. i mean, look at that. sliding around in it and picking up with your trunk. that is one way to beat the heat and you�*re all caught up now. see you later. hello and welcome to sportsday, i�*m gavin ramjaun. here�*s what�*s coming up, a date with destiny, england score a late late winner against the netherlands, to make the final of the euros. no messing about for elena rybakhina — who makes the semis
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of wimbledon, with novak djokovic also through in the men�*s. and nevermind jimmy, gus atkinson steals the show at lords, with a debut to rememberfor england, in the first test against west indies. hello there, and welcome along to the programme — and it�*s been a semi—final to rememberfor gareth southgate and england, at euro 2024. as they sealed their place in the final of the tournament for the second time in a row. they beat the netherlands 2—1, thanks an injury time winner from substitute 0llie watkins, who combined with fellow sub cole palmer to send england through. fans in dortmund and in the uk here, were delirious with delight at full time, after seeing their side come back from a goal down, to secure their spot in the big match on sunday, where they�*ll play spain, with the chance to make history. nesta mcgregor was there.

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