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tv   Business Today  BBC News  August 26, 2024 4:30pm-4:45pm BST

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don't blame the messenger. telegram says its billionaire founder is not responsible for illegal content on the app, after he was detained by french police. out of office: a new australian law allows workers to ignore workplace messages outside of working hours. welcome to business today. the messaging app telegram has condemned the detention in france of its billionaire founder, pavel durov. he was arrested on saturday evening after landing in his privatejet at an airport near paris.
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while telegram may be saying that powerful door of... there are some issues with it in part, because it issues with it in part, because it is a smaller company and it has a smaller staff, which makes it difficult to moderate their stuff
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but the authorities do think there is an issue here which is why they have whatsapp, another messaging platform encrypts messages. what is the difference between them? why are they arresting this man and not mark zuckerberg? i they arresting this man and not mark zuckerber: ? ~ , , ., zuckerberg? i think this is a difference _ zuckerberg? i think this is a difference of _ zuckerberg? i think this is a difference of degree - zuckerberg? i think this is a difference of degree in - zuckerberg? i think this is a l difference of degree in scale. zuckerberg? i think this is a i difference of degree in scale. . mark zuckerberg is, the a—list celebrity. taking action against him would be seen as really significant. telegram does say that it is encrypted, and it is if you opt into it. large amounts of communications
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through it are not as safe and secure as people believe. there is, also durov�*s past because he was born in russia. also durov's past because he was born in russia.— born in russia. could this be perceived — born in russia. could this be perceived as _ born in russia. could this be perceived as a _ born in russia. could this be perceived as a warning - born in russia. could this be perceived as a warning shot | born in russia. could this be i perceived as a warning shot to born in russia. could this be - perceived as a warning shot to other social media bosses? yes. perceived as a warning shot to other social media bosses?— perceived as a warning shot to other social media bosses? yes, there are several of them _ social media bosses? yes, there are several of them that _ social media bosses? yes, there are several of them that have _ social media bosses? yes, there are several of them that have been - several of them that have been reacting to this. i don't think they will have to worry about being put in handcuffs as they are bigger than this? in the past hour, the french president emmanuel macron has said that his government had no involvement in the arrest of pavel durov. macron said "the arrest of telegram's president on french territory took place as part of an ongoing judicial investigation. this is in no way
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a political decision. it is up to the judges to decide." to the united states now, markets there are climbing in anticipation of a cut in the cost of borrowing. late last week, the federal reserve boss, jerome powell gave a crystal clear indication that a change in policy is around the corner, saying the time has come for the fed to cut interest rates. joining me now is michelle fleury, our north america business correspondent. a mixed response from markets today. european markets are not terribly excited. it is that becausejerome powell has confirmed what investors already expected? i powell has confirmed what investors already expected?— already expected? i think that is a de . ree already expected? i think that is a decree of already expected? i think that is a degree of what — already expected? i think that is a degree of what we _ already expected? i think that is a degree of what we are _ already expected? i think that is a degree of what we are seeing - already expected? i think that is a degree of what we are seeing on | already expected? i think that is a i degree of what we are seeing on the market... i should degree of what we are seeing on the market... ishould point degree of what we are seeing on the market... i should point out that the dowjones industrial average the dow jones industrial average just the dowjones industrial average just reached a record high. although it is struggling to keep that
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momentum up. it is pretty much flat. as you point out the snp 500 and the nasdaq are both tending lower. in part because mr powell confirmed what everyone suspected, that they will be a cut in september. although he did not say what size. this week people are focusing on artificial intelligent. because a huge chip maker that has been a proxy for investors that have wanted to get in on the ai boom... the other thing to remember of course is to remember is that in america it is a light week of trading ahead of a public holiday. that also can lead to bigger swings on the market. you touch there _ bigger swings on the market. you touch there on _ bigger swings on the market. you touch there on what jerome powell touch there on whatjerome powell didn't say about a likely cut. the
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baseline assumption is usually that it's going to be a quarter of i%. he gave no hints. what is the market expectation looking like now? data is auoin to expectation looking like now? data is going to be _ expectation looking like now? d—t: is going to be very important expectation looking like now? li5t5. is going to be very important going forward. on thursday we get the latest weekly figures on the number of americans who are filing for unemployment and making unemployment claims. that becomes significant, if you're starting to worry about a weakening in the labour market that is the closest thing you have to real—time data. were also going to get monthly figures for august coming up shortly. that'll be the last piece of the jobs data before you get that meeting on september the 18th. then of course on friday we've got the pce which is the third inflation gauge. that also comes out so a lot will depend, in what the
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numbers show. in so a lot will depend, in what the numbers show.— so a lot will depend, in what the numbers show. ., ,, ., ,, , ., numbers show. in new york, thank you very much- _ australians now have the right to ignore messages from work after working hours. a new "right to disconnect" law is designed to curb the creep of work emails and calls eating into personal lives. the law does allow for bosses to contact their employees in an emergency and when it's reasonable to do so. more than 20 countries, mainly in europe and latin america, have similar rules. professor sir cary cooper is professor of organisational psychology an health and the university of manchester business school. there appears to be momentum behind this as a movement. how much of a difference have laws like this made injurisdictions
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where they've been enacted? to be honest with you, it's fairly new. it started five or six years ago when france had a right to disconnect law. which meant that a manager couldn't send an out of office e—mail to their subordinates late at night. followed by spain, portugal, new zealand, and now we have australia. we don't know what the impact will be. the principle is the impact will be. the principle is the worklife balance is a big one. because of a smartphone, people are accessed 2a slash what we call... the leading course... at the end of
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2023 it was 55% of all long—term sickness... we need to control the pressure on people. that will have an impact on our productivity. more and more research is showing that controlling the hours of work is beneficial. with long hours, do not need to higher productivity. there are some senior magister is who think it does. —— managers. some companies are doing this for themselves. + do you think there will still be what have the results been?
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i think we have quite a lot of case study examples of how that is working. the downside of the... say you have a working —— flexible working arrangement. the right to disconnect law in hib it's flexible working to some extent. i think you have to find a way to deal with this. the principle is try not to access people at night. because it affects not only, in a negative way their families, affects not only, in a negative way theirfamilies, their relationships, their families, their relationships, their families, their relationships, their time theirfamilies, their relationships, their time off, their need for respite. but it also, more research indicates it also affects productivity. this is a really good
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innovation, but we read to be pretty flexible so that people can be able to work flexibly. do do flexible so that people can be able to work flexibly. d- to work flexibly. do do you think a risk that if you _ to work flexibly. do do you think a risk that if you want _ to work flexibly. do do you think a risk that if you want to _ to work flexibly. do do you think a risk that if you want to progress, i risk that if you want to progress, they will still be that pressure to make yourself available.- make yourself available. you're absolutely _ make yourself available. you're absolutely right, _ make yourself available. you're absolutely right, particularly . make yourself available. you're i absolutely right, particularly with facetime... and with global... were certainly not booming, people feel insecure. they will themselves send e—mails on front friday or sunday night. i don't think that's healthy for us, but you are right. people will show,
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for us, but you are right. people willshow, orwant for us, but you are right. people will show, or want to show commitment, and e—mails is one aspect out of office hours. commitment, and e-mails is one aspect out of office hours.- aspect out of office hours. thank ou ve aspect out of office hours. thank you very much — aspect out of office hours. thank you very much for _ aspect out of office hours. thank you very much forjoining - aspect out of office hours. thank you very much forjoining us, - aspect out of office hours. thankj you very much forjoining us, our working hours are over. in other news... uber has been ordered to pay to a fine worth more than $320 million in the netherlands, for breaking the law by sending the personal data of its european drivers to the united states. the ride hailing platform is planning to appeal the fine, describing it as completely unjustified. around 300 people who booked surprisingly cheap first class tickets on qantas will have their tickets refunded, or downgraded to business class. they'd found return tickets between australia and the us that normally sell for $20,000 australian for just $5000. qantas said the fares were too good to be true but that
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as a gesture of goodwill, ticketholders can fly in business class instead. stay with us here on bbc news.
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hello, i'm matthew amroliwala. the pakistani army says it has killed 21 separatist fighters after a series of attacks left 39 people dead. at least ia soldiers and police were also killed. separatists had stopped buses and trucks, travelling to and from punjab, in northern india, and balochistan, a province in south—western pakistan. they forced out the passengers and opened fire on them. local reports say, the assailants singled out those from punjab to be shot. the baloch liberation army, which has been designated a terrorist organisation by the uk and us governments, claimed responsibility for the attacks. the bbc�*s urdu correspondent, farhatjaved, told me how the attacks started.
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so basically, they started with a statement from the baloch liberation army, which is an armed insurgent group operating in the south—western province of balochistan in pakistan. the group issued a statement warning people to avoid travelling on the highway that connnects balochistan with punjab province. the group also said that they have blocked the highway and they said that they would target security forces personnel. what we saw in the morning, they were dozens of vehicles which were set on fire and reports of at least 22 people killed,

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