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tv   Business Today  BBC News  August 9, 2024 11:30am-11:46am BST

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i'm lukwesa burak. before i take you to the business news we've just been hearing from the prime minister said a clear selma who has just been commenting on... following those far right riots. we understand police will be remaining on standby sta nd by let's standby let's just listen in to what is had to say. i standby let's “ust listen in to what is had to say.— standby let's 'ust listen in to what is had to say.— is had to say. i think it's really important _ is had to say. i think it's really important that _ is had to say. i think it's really important that we _ is had to say. i think it's really important that we remain - is had to say. i think it's really important that we remain on | is had to say. i think it's really i important that we remain on high alert... my message to the police and all of those who are charged with responding is to remain... i'm absolutely convinced that having
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police officers and the swift justice dispensed in our courts have had a real impact. but we have to do remain on higher law going into this weekend because we have to make sure that communities remain secure and feel safe. i think there are a lot of things in the mix this weekend. but whatever the challenge we have two rise to it. that's why i have had cobra meetings, and i've talked to the police about their plans for the weekend. yes football is in the mix. but ourfocus has the weekend. yes football is in the mix. but our focus has to the weekend. yes football is in the mix. but ourfocus has to be the weekend. yes football is in the mix. but our focus has to be on safety and security of our communities and that's exactly where it is. ~ ., , ., communities and that's exactly where it is. n_ ., ., ., ., communities and that's exactly where it is. ., ., ., communities and that's exactly where itis. ., ., ., it is. the mayor of london has said the online — it is. the mayor of london has said the online safety _ it is. the mayor of london has said the online safety bill— it is. the mayor of london has said the online safety bill is _ it is. the mayor of london has said the online safety bill is not - it is. the mayor of london has said the online safety bill is not fit - the online safety bill is not fit for purpose what would you say? i
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would say that online is not a law free zone. and that i think is clear... that is a reminder to everyone that whether you are directly involved or not you are culpable and he will be put before the courts if you are culpable. i do agree that we need to look more broadly at social media after this... but the focus on the moment has to be on making sure that our communities are safe and secure. would it be helpful if people like elon musk would be more mindful of people who go on their platforms? i think people should be mindful of the first priority which is to make sure that our communities are safe and secure. the vast majority of the
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public are absolutely repulsed by what they have seen. they don't want it. and they expect all of us, myself included, to do everything we possibly can to make sure the disorder stops. and that's where the message to those of us —— back those who are wanting to get involved in this disorder... if you are wanting to get involved in this disorder the full force of the law will be applied. sentenced to... i think it's a very important message to anyone who is thinking of getting involved in the coming days. you are involved in the coming days. you are involved as — involved in the coming days. you are involved as the _ involved in the coming days. you are involved as the director _ involved in the coming days. you are involved as the director of _ involved in the coming days. you are involved as the director of public - involved as the director of public prosecutions when we had serious riots before. what would you say to those of minorities who do not feel safe? i those of minorities who do not feel safe? s , those of minorities who do not feel
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safe? . , ., ., , . safe? i was involved as the chief prosecutor... _ safe? i was involved as the chief prosecutor... the _ safe? i was involved as the chief prosecutor... the disorder - safe? i was involved as the chief prosecutor... the disorder we i safe? i was involved as the chief. prosecutor... the disorder we are seeing now is different in type, but we are seeing some common threads. what worked before was swift action. within days if you are found guilty you will be starting a hefty sentence. anybody who has involved themselves in this disorder can expect to find themselves bought through the courts. this is only days after the disorder and significant sentences are being handed out. and i think that is a very important part of the message to anybody who is thinking about getting involved in further disorder. getting involved in further disorder-— getting involved in further disorder. s disorder. that was the prime minister speaking _ disorder. that was the prime minister speaking a - disorder. that was the prime minister speaking a short - disorder. that was the prime l minister speaking a short time disorder. that was the prime - minister speaking a short time ago. it's been a tumultuous week on the global markets. last week the yen spiked as the bank
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of japan unexpectedly raised rates from 0.1% to 0.25% — the highest rate in 15 years. markets fell to record lows. and then this week we've seen us and european markets fall on fears over the health of the us economy. however today, there have been some green shoots. joining me now is michael field, european equity strategist at morningstar. michael, it's been quite a turnaround. are markets out of the woods? i think it's been a positive mood this week which has been welcomed after the abrupt end last week. it was just one data point from the us
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and the markets got spooked. much data points... investors had a little bit of time to catch up with this, think about what has been happening with earnings, and they've come to the conclusion that things aren't all that bad.— aren't all that bad. there was a surie on aren't all that bad. there was a surge on wall— aren't all that bad. there was a surge on wall street _ aren't all that bad. there was a surge on wall street as - aren't all that bad. there was a surge on wall street as wall i aren't all that bad. there was a - surge on wall street as wall street closed. take us through how europe is doing. ii closed. take us through how europe is doini. , ., closed. take us through how europe is doini. ,, ., ., ., closed. take us through how europe isdoini. ., ., ., a. is doing. if you followed how asia had opened _ is doing. if you followed how asia had opened up — is doing. if you followed how asia had opened up quite _ is doing. if you followed how asia had opened up quite strongly - is doing. if you followed how asia | had opened up quite strongly that fed into europe a little as well. if you look at where markets are now as opposed to where they were last week... you'd expect those gains to slow as we get back to normal territory. next week it's the g...
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data points in terms of gdp next week and in the us the inflation points... week and in the us the inflation ioints. .. ~ s week and in the us the inflation ioints... s . ., ., points... what about the federal reserve next _ points... what about the federal reserve next month? _ points. .. what about the federal reserve next month? i— points. .. what about the federal reserve next month? i think- reserve next month? i think investors _ reserve next month? i think investors are _ reserve next month? i think investors are skittish... - reserve next month? i think- investors are skittish. .. markets investors are skittish... markets can actually go down as well. markets can... i think everybody is waiting... economies have tapered their views on it i think what we are concentrating more is the direction of travel. i think more
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important is that rates should come down over the next while. nobel laureate muhammad yunus has been sworn in as bangladesh's interim leader, amid significant political upheaval. along with mr yunus, 13 additional advisers, including student leaders and members from civil society were administered the oath by president mohammed shahabuddin. this follows the resignation of prime minister sheikh hasina, who fled the country on monday, in the wake of widespread protests. the bbc�*s archna shukla has been revieiwing the new government's economic priorities, archna. yes the biggest priority getting
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public trust, stopping violence and ebbing that violence is the biggest priority of the government has at the moment. and with that peace and calm coming back on the streets, it is crucial to get the economic ball rolling. getting your shops and small businesses working. the export driven garment manufacturing, very important. bangladesh is economy had already been struggling... for the economic activity to pick up pace is crucial. at the same time there have been a lot of supply chain issues reported because of the curfews. remember, inflation has already been
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high and this will already add discontent among the people. at the same time the people, the protesters, i'm notjust looking for a change of government, but a change in... i spoke with the economics professor and he said it's more about a change in government that people are looking for. the government _ people are looking for. the government doesn't have enough power to run_ government doesn't have enough power to run the _ government doesn't have enough power to run the economy... the way these organisations— to run the economy... the way these organisations in the banking sector were run_ organisations in the banking sector were run in— organisations in the banking sector were run in the past, they had serious — were run in the past, they had serious moments of corruption, dominance _ serious moments of corruption, dominance by different cronies. sol think_ dominance by different cronies. sol think these — dominance by different cronies. sol think these need to be looked at
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very seriously. its think these need to be looked at very seriously-— think these need to be looked at very seriously. as the government tries to revamp — very seriously. as the government tries to revamp and _ very seriously. as the government tries to revamp and get _ very seriously. as the government tries to revamp and get the - very seriously. as the government tries to revamp and get the ball i tries to revamp and get the ball rolling economically... it needs to keep the international lenders reassured of the economic stability in the country. this is money that bangladesh needs for the economy to keep flowing. at the same time the government needs to keep its bilateral partners in a good relationship. rememberthat bangladesh and india have shared a good working government. the new government in bangladesh would not like to disturb the ties but it could get tricky if and t —— anti—indian sentiment starts to
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rise. at the same time this is just an interim government... getting free and fair elections could be one of the trickiest things. you free and fair elections could be one of the trickiest things.— of the trickiest things. you can follow that _ of the trickiest things. you can follow that story _ of the trickiest things. you can follow that story and _ of the trickiest things. you can follow that story and all - of the trickiest things. you can follow that story and all our i of the trickiest things. you can | follow that story and all our top business stories on the website. also in the uk the prime minister has been speaking about riots in the uk.
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hello from the bbc sport centre. i'm hugh ferris. noah lyles has suggested his olympics is over after revealing he won a bronze medal in the 200 metres having tested positive for covid. the american 100 metres champion was considernig running in both the sprint relays.
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the race was won by letsile tebogo who claimed botswana's first ever olympic gold after which their president gave the country friday afternoon off. but lyles immediately needed treatement at the side of the track before being taken away in a wheelchair. he has asthma and battled to catch his breath, later saying he'd been coughing through the night before and had taken as much medication as legally could. lyles posted on social media that despite his 100 metres title it wasn't the olympics he'd dreamed of, and he believes it's come to an end. he didn't appear in the relay heats on friday morning. i hope everyone enjoyed the show, he went on. "whether you were rooting for me or against me, you have to admit you watched, didn't you?" before signing off "sincerely, your world's fastest man for the next 4 years!" despite that disappointment, the usa continue to reign supreme on the track at the stade de france. no athlete has been more dominant than sydney mclaughlin—levrone who broke the world record in winning gold in the 400 metres hurdles. her new mark of 50.37 seconds is the sixth time she's lowered the world best since 2021.
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