Skip to main content

tv   Business Today  BBC News  July 11, 2024 2:30am-2:46am BST

2:30 am
and aluminum through mexico in a bid to evade tariffs. our north america business correspondent erin delmore has all the details. back in may president biden implemented higher tariffs on steel and aluminium. as well as other imports. concerns have remained that the imports could get into the us duty—free through mexico which is a special treaty relationships between the us and canada. but the us and mexico are taking joint steps to counteract this. mexico will require importers to supply more information about a product's country of origin, which need to be provided when the products are imported to the us. and steel imports from mexico will still get hit with the us 25% tariff on it is shown to have been melted and poured. in mexico. aluminium for mexico will still be subject
2:31 am
to the 10% tariff if they contain elements in china, russia, belarus or iran 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 like this could help win the vote of the 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. a taiwan semiconductor manufacturing reported strong sales growth, the largest
2:32 am
chipmakers or revenue jump sales growth, the largest chipmakers or revenuejump by 30% compared to a year ago. way above what the market is forecasted. customers include apple and it has benefited from surgeon to man from al chips. 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 $400 device will be available later injuly. 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 indefinitely. the national samsung electronics union says 6,500 of its members have been striking since monday — calling for better pay and benefits. while samsung claims the strike will not
2:33 am
impact production. industry analyst marc einstein says otherwise. i believe this is having some impact that we need to remember the union has 30,000 overall employees so not even a third of the union is on this indefinite strike. while it's something we should be watching and it is something that is a cause for concern, it is not like all samsung's production lines are falling behind, it's not the case at all. if it continues, at what point would become a problem for samsung and cause problems for its supply chain? i think it is, if this goes on for days or weeks i don't think it is too serious but we are getting ready for the holiday season, which is the biggest quarter for a company like samsung. if it goes on more than the next couple of weeks than it is time to start getting concerned. how may samsung try to resolve the issue? the dispute is it about cost of living and inflation and i think they are only
2:34 am
about 4.5% of the two parties. -- 0.596. we saw what could happen to semiconductor supply lines during covid. it's something that both parties would want to avoid at all costs. i do expect a resolution to this fairly quickly. how big a problem is this for samsung if you look at a very competitive space they are in and the competition is not slowing down? samsung is the largest producer of memory chips, tvs, smartphones in the world. this has the potential to be quite serious. we are in this arms race to develop ai chips. for that reason i believe samsung's management will want a prompt resolution to this dispute. will this rethink how samsung treats its employees? yes, i think diversification of the industry is something that came out as a major theme of covid and i think that this will give samsung further impetus to look at other countries to source its chips.
2:35 am
including vietnam, india and even the united states. what you're saying is samsung will perhaps rather take its business elsewhere than treat its workers, as they would say fairly? i think it'll be accelerated as a result of this issue. microsoft has given up his board observer to see stop undergoing scrutiny in the us and europe, the commission said microsoft could face an anti—trust investigation similarly in the us the federal trade commission has been conducting reviews of deals made by big technology farms and top ai companies. microsoft total investment to date stands at around $13 billion. palestinians using skype to call home to gaza have had their digital lives destroyed after the company closed their e—mail accounts without warning. the bbc has spoken to
2:36 am
20 palestinians living abroad is a microsoft which owns the voice and video chat up kick them out of their accounts removing access to e—mails, contacts and other services went to the giant. i created this hotmail 15 years ago. i i created this hotmail15 years a a 0. ., , i created this hotmail15 years ato, ., , , i created this hotmail15 years age-— why i i created this hotmail15 years| a90-— why did ago. i lost everything. why did the lock ago. i lost everything. why did they lock hotmail _ ago. i lost everything. why did they lock hotmail without - ago. i lost everything. why did they lock hotmail without anyl they lock hotmail without any warning? i5 they lock hotmail without any warnin: ? , . they lock hotmail without any warnin ? , ., ., , warning? is digital life has been destroyed _ warning? is digital life has been destroyed since - warning? is digital life has been destroyed since he i warning? is digital life has - been destroyed since he called home to gaza on skype. without warning, his profile and microsoft e—mail account was suspended, notjust that, microsoft e—mail account was suspended, not just that, he's suspended, notjust that, he's been by from using any other microsoft services. and he's not alone. since mid april one by one microsoft which owns skype has taken action against palestinian skype users for an undisclosed reason. since conflict erupted, internet connectivity in gaza has been frequently damaged or turned
2:37 am
off and for many palestinians living abroad, skype has been a lifeline. a cheap way to call their loved ones mobile phones when the internet is down. topping up your credit, you can call people on their ordinary telephones. we call people on their ordinary telephones.— call people on their ordinary telephones. we spoken to 20 different palestinians - telephones. we spoken to 20 different palestinians around | different palestinians around the world who said our not being told what they've done wrong. according to automatic e—mail is the decision is final because they all violated terms of service. some are concerned about being mistaken for hamas members which would make them terrorists according to some western designations.
2:38 am
microsoft told us it does not block calls or accounts based on calling region or destination. the company also said blocking its skype can occur as a result of suspected fraudulent activity and the users can appeal. the people we spoken to said they tried everything and they are being ignored by microsoft. that is now the most valuable company in the world. staying with microsoft. gamers around the world will have to have to pay more if they want to continue to enjoy xbox game pass. microsoft, which owns the xbox brand, has implemented a price hike of up to 25% to the gaming subscription service. the price hike will start from september for existing users, but immediately for new users to the platform. india's gaming industry is likely to grow to nearly $9
2:39 am
billion in the next five years. the bbc�*s india business correspondent arunoday mukharji has more on what is making the country such a lucrative market. the indian gaming industry is valued at around $1 billion dollars with over 400 million gamers in the country. making india the second largest market after china. these are the findings of a report prepared as well as the e—gaming federation. real money gaming are the ones dominating the mystery, generating over 80% of revenue for the sector. these are games to use a place for a wager and have become very popular in india. they are also attracting a fair bit of debate because some say these games are a form of gambling, which is illegal in india. while gaming companies disagreed, calling them games of skill and not chance. in the absence of clear regulations, the government imposed a heavy 28% tax on these companies but even as the companies reel under these high taxes, it's not stopping global investors from seeing potential in the sector.
2:40 am
being a lucrative and up—and—coming sector, the report also called for a detailed code of conduct to define ethical standards to ensure transparency and accountability in the indian gaming sector. thank you for your company, that brings us to a close for today's edition, see you again tomorrow.
2:41 am
2:42 am
hey, i'm zof with the catch up. tonight, tragedy in hertfordshire, four day working week trials and shrek 5. 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 in their home last night. carole hunt and her daughters hannah and louise,
2:43 am
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, shrek is back. mike myers, eddie murphy and cameron diaz are all set to return for the lovable 0gre's first film in 16 years. mike myers will play shrek, cameron diaz returns as princess fiona,
2:44 am
and of course, eddie murphy will be back as donkey. and time now for 10 seconds of animals cooling 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 of wimbledon, with novak djokovic also through in the men's. and nevermind jimmy, gus atkinson steals the show
2:45 am
at lords, with a debut to rememberfor england, in the first test against west indies. hello there, and welcome along to the programme. it's been a semi—final to remember for gareth southgate and england, at euro 202a. 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. it is incredible to believe that despite reaching the semifinals, england had been labelled boring
2:46 am
and lacking creativity and as for southgate,

20 Views

info Stream Only

Uploaded by TV Archive on