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tv   Business Today  BBC News  August 23, 2024 11:30am-11:46am BST

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creating an opportunity economy, kamala harris wraps up the democratic national convention with a landmark speech. plus, have you fallen out of love with dating apps? we delve into the multi—billion dollar online romance business. and safe from harm the band massive attack aim for a carbon neutral festival in bristol this weekend welcome to business today — i'm lukwesa burak. we begin in chicago in the us, where vice president kamala harris wrapped up the democratic national convention with what was arguably the most important speech of her career. putting forward a positive outlook for the future of america, the democrat nominee covered a wide range of issues, from the conflict in gaza, to the war in ukraine, and abortion rights.
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she also spoke in depth about what she called her middle class roots and about creating a future of opportunity for americans with an opportunity economy. let's have a listen. my mother kept a strict budget, we lived within our means, yet we wanted for little. and she expected us to make the most of the opportunities that were available to us, and to be grateful for them. because, as she taught us, opportunity is not available to everyone. that's why we will create what i call an opportunity economy — an opportunity economy where everyone has the chance to compete and a chance to succeed. so, from one high stakes speech to another.
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today all eyes, from wall street to the campaign trail, will be on the us central bank chair, jerome powell, when he speaks at the mountain resort ofjackson hole. his words will move markets across the world, as investors seek a steer on the direction of travel from the fed and its next all important interest rate call. michelle fleury has the details. in a few hours, jerome powell, the chair of the us federal reserve, america's central bank, will deliver his most important speech of the year. when he spoke two years ago at this gathering, which has become known as the davos for central bankers, the emphasis was on how taming inflation — which, at its peak, hit 9% — would cause pain. as part of that fight, the fed raised its benchmark rate to a 20—year high. fast forward to today, and with america's annual inflation rate dipping below 3%, and with signs that the jobs market is starting to weaken, mr powell is expected to lay out a road map for the future direction of us interest rates.
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the betting is, he'll hint at a quarter—point rate cut in september, with more to follow. but he'll have to choose his words carefully. after a roller—coaster ride on wall street, calls for an emergency rate cut have subsided. however, financial markets remain on edge. and rivals for the white house kamala harris and donald trump will also be keen to hear what he has to say, given that the mood of americans heading to the polls in november — well, it's likely to be shaped in part by what the fed does next. i'm going to hand it back to my colleague who has all the latest details about the sinking of the yacht in sicily. we have had reports in the last few minutes that divers searching the sunken yacht have located another body. let's speak to our correspondent whose importer
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cello this morning these reports that they have located another body, we know that the missing person is believed to be hannah lynch, the 18—year—old daughter of lynch. what 18-year-old daughter of lynch. what we also know — 18-year-old daughter of lynch. what we also know is _ 18-year-old daughter of lynch. what we also know is that _ 18-year-old daughter of lynch. what we also know is that the _ 18—year—old daughter of lynch. wist we also know is that the divers 18—year—old daughter of lynch. wisgt we also know is that the divers have been out since very early this morning, continuing their search, looking for that final missing person. what has happened with the other bodies, which have been brought up from here is that they are brought up out. excuse me i am being asked to move on.— being asked to move on. thank you very much- — being asked to move on. thank you very much- our _ being asked to move on. thank you very much. our correspondence - being asked to move on. thank you | very much. our correspondence with the latest news that we are reporting of that latest body that has been recovered. according to reports, it is that of hannah lynch, the 18—year—old daughter of mike
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lynch. we will have more of that in the last few minutes. let's continue now with the business news. as martin said, all the latest details on the search for that yacht will be coming up on bbc news. to canada now, for an update on the railway lock—out. the government has moved quickly to end an unprecedented rail stoppage, announcing a back—to—work orderfor over 9,000 unionised workers. pierre—antoine denis has the story for us from our asia business hub. canada is heavily reliant on its railways, both for international internal trade and sending goods coast to coast, but it is also critical for its exports. around 75% of canada's exports, like grain, coal ortimber are shipped by rail to the us so this dispute really had the potential to cause major delays. and this is why the government appointed this commission
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to extend the current deal. while both parties are being sent to this binding arbitration, that means that an independent arbitrator will make the final call on the unresolved matter. and whatever they decide, both sides have to accept it. this is expected to get the trains moving again within days. both companies, the railway operators cn and cpc, expressed their disappointment that they couldn't reach a deal through normal negotiations, but they agreed that the government intervention was necessary to protect what they call ca nada's national interest. meanwhile, the teamsters union believes that this is only going to restrain their bargaining power as they push for improved safety conditions, arguing that rail workers need better rest to operate safely. this is overall a chaotic end to many months of talks, where both parties could not find any common ground, resulting in this unprecedented lock—out. and analysts, as well as canadians,
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now fear that this arbitration is only going to kick the can a little bit further away and add another round of railway disruption may be coming up very soon. massive attack are trying to change their thoughts on climate action. this is their first show in the home city for around five years. but the event aims to be the lowest carbon show of its sized ever staged. let's find out a little bit more about this and i am joined by one of the authors of some research that was
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put together. in 2021, the band, massive attack actually paired up with a centre for climate research and the lady you can seen on the screen here helped to publish that report. the report is a couple of years old. welcome to the programme will stop what has happened since then. the hope was that other people within the music industry would pick it up and run with it. what within the music industry would pick it up and run with it.— it up and run with it. what has happened _ it up and run with it. what has happened is — it up and run with it. what has happened is that _ it up and run with it. what has happened is that the - it up and run with it. what has happened is that the band - it up and run with it. what hasl happened is that the band have it up and run with it. what has - happened is that the band have been put in plans together for the show, they had other shows that, due to ill health and other issues, they had to shelve. it is all coming togetherfor had to shelve. it is all coming together for this had to shelve. it is all coming togetherfor this show, had to shelve. it is all coming together for this show, where they are trying to action that road map and deliver something that is transformative. the and deliver something that is transformative.— and deliver something that is transformative. ., , , ., , transformative. the hopers, and this is the whole — transformative. the hopers, and this is the whole point _ transformative. the hopers, and this is the whole point of _ transformative. the hopers, and this is the whole point of it, _ transformative. the hopers, and this is the whole point of it, that - transformative. the hopers, and this is the whole point of it, that it - is the whole point of it, that it doesn't disrupt your life too much. when they turn up to this festival,
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axed 1.5, i am assuming it is so that you referring to temperature rise. what is the worst thing that could go wrong that festivalgoers may notice?— may notice? they will only notice aood may notice? they will only notice good things- _ may notice? they will only notice good things. when _ may notice? they will only notice good things. when you _ may notice? they will only notice good things. when you get - may notice? they will only notice good things. when you get to - good things. when you get to bristol, if you are coming on the train there will be an electric bass to take you to the site. there will be trains that have been chartered to get you home and an electric bus to get you home and an electric bus to get you back down the hill. if you have come on public transport from outside bristol there is access to a special bar and toilets, the things that matters to festivalgoers. right from the beginning, to limit the distance people were travelling, there was a pre—sale locally, so lots of local people should be able to get tickets. ~ ., , people should be able to get tickets. ~ . , ., , , tickets. what is the hope in terms ofthe tickets. what is the hope in terms of the drop _ tickets. what is the hope in terms of the drop of— tickets. what is the hope in terms
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of the drop of a missions? - tickets. what is the hope in terms of the drop of a missions? you . tickets. what is the hope in terms l of the drop of a missions? you can't get 100%. coldplay have attempted this and they saw a drop in their carbon emissions with a recent event, of 59%. that's impressive. what a massive attack hoping to achieve? it what a massive attack hoping to achieve? , , ., , ., achieve? it depends on your boundaries _ achieve? it depends on your boundaries for _ achieve? it depends on your boundaries for these - achieve? it depends on your boundaries for these sorts l achieve? it depends on your| boundaries for these sorts of things. what they want to do is power the show by renewable power. there are batteries that are getting charged off site by renewable sources and being brought onto site. it is being designed in order to do this. you have to do it right from the beginning. when they are designing what they are going to do and how many tracks they need, what the power draw is going to be, you have to think about that from the beginning. the same with getting everybody and all the stuff there and managing the waste. it has to be right from the beginning and what we are doing to see how it has been put together and review afterwards comes through from everyone across all the different bits that make the show happen. it is front and centre for
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everyone, it is really important. if you hit a challenge you have to work out how to get around it, notjust default back to how you would have done it. that is what is most impressive about it, that ambition and collaboration. the impressive about it, that ambition and collaboration.— and collaboration. the tech that is involved in — and collaboration. the tech that is involved in this, _ and collaboration. the tech that is involved in this, that _ and collaboration. the tech that is involved in this, that is _ and collaboration. the tech that is involved in this, that is going - involved in this, that is going to be quite impressive. but i want to go back to the report and the hope that other people in the music industry were to pick it up and implemented. who are the big players? who has the power to say, we are going to use this report and we are going to use this report and we are going to implement them? who are the big players, it's not the bands? ., , ., , ., ., , bands? people have different areas the can bands? people have different areas they can cast _ bands? people have different areas they can cast their _ bands? people have different areas they can cast their net _ bands? people have different areas they can cast their net out - bands? people have different areas they can cast their net out over. - they can cast their net out over. what's really exciting with masssive attack is they are willing to stretch that and go beyond and make those partnerships and do more than bands traditionally go. the
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promoters are important, but also the people coming into the sector with new technologies and say, we can make this work. it's everybody who can make it work. it is also the fans, talking about the show that it's coming up at the weekend and sang, it's great and that they enjoyed it. they want to be able to get trains back. everyone has a role to play, the promoters are central, artists asking for it, everybody has artists asking for it, everybody has a way. i artists asking for it, everybody has a wa . ., artists asking for it, everybody has a wa . . ,., artists asking for it, everybody has awa. . 4' artists asking for it, everybody has awa. . ,_ ~ a way. i am so sorry, like i said, so much — a way. i am so sorry, like i said, so much to _ a way. i am so sorry, like i said, so much to the _ a way. i am so sorry, like i said, so much to the story _ a way. i am so sorry, like i said, so much to the story but - a way. i am so sorry, like i said, so much to the story but i - a way. i am so sorry, like i said, so much to the story but i havel a way. i am so sorry, like i said, i so much to the story but i have run out of time. thank you so much. thank you forjoining us here on business today.
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hello from the bbc sport centre. the second round of the women's open is well underway at st andrew's on the east coast of scotland and the weather
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has again been tricky. england's charley hull was the overnight leader, but she's slipped back — lets go live to the old course and join our correspondent, jane dougall — not an easy start to the day? she had such a great first round, she shot six birdies and finished the day on five under, but she had a very tight turnaround. she came off the course at around 730 in the evening and then around 12 hours later is had to tee off for her second round, so that has clearly affected her somewhat. she has dropped three shots and drop down to two underfor the day. dropped three shots and drop down to two under for the day. she bogeyed her first, two under for the day. she bogeyed herfirst, face two under for the day. she bogeyed her first, face and 11. two under for the day. she bogeyed herfirst, face and 11. she two under for the day. she bogeyed her first, face and 11. she always said she liked linked courses. it has been raining and clearly that has been raining and clearly that has affected her somewhat. she
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seemed to have preferred

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