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tv   Business Today  BBC News  August 27, 2024 12:30am-12:46am BST

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canada says it will impose a hundred percent tariff on china—made evs, steel and aluminium from october. the country is following the lead of the united states to protect its domestic industries. the bbc�*s north america business correspondent michelle fleury has the details. it's a move that could exacerbate trade tensions between western countries and china from october china will impose 100% tariffs from electric vehicles from china. this is on top of the most favoured nation tariff of sick .i% favoured nation tariff of sick .1% already slapped on top of the most favoured nation tariff of 6-.i% the most favoured nation tariff of 6—.1% already sucked onto china's produced tvs imported into canada. the government also intends to apply 25% tariff on imported steel and aluminium products from china canada's finance minister said these measures about protecting its domestic producers. the reality is — its domestic producers. the reality is china _ its domestic producers. the reality is china has - its domestic producers. tue: reality is china has an
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intentional state directed policy of over capacity and over supply designed to cripple our own industries. talk to the steel sector, talk to the aluminium sector to understand how effective that is already been. we simply will not allow that to happen to our eevvee sector. that to happen to our eewee sector. ., ., ., , , sector. the auto tears bring canada in — sector. the auto tears bring canada in line _ sector. the auto tears bring canada in line with - sector. the auto tears bring canada in line with its - canada in line with its southern neighbour, the us introduced 100% tariffs on tvs backin introduced 100% tariffs on tvs back in may while the eu is also imposing higher tears. it comes after us national security adviserjake sullivan security adviser jake sullivan who security adviserjake sullivan who is en route to beijing the united front on terrace when met with canadian prime ministerjustin trudeau and his cabinets over the weekend. there was no immediate response from china. some protect the country could retaliate against canadian agricultural experts. as for canadians, this move might push up buying the cost
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of an imported carfrom china. that is for the countries government who is seeking to protect its auto manufacturing industry and the over 125,000 jobsit industry and the over 125,000 jobs it supports. the chinese embassy has since responded calling them quote a particular in violation of organisation rules without it added that taxes would undermine the normal economic trade cooperation between china and canada. libya has been toured for years between two rival governments in tripoli and benghazi. the escalating row added to concerns about oil production which have been heightened with the war in gaza. we have the latest report card from one of the world's top miners — bhp. it has reported a 2 percent
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rise in its annual profit, helped by its iron ore and copper businesses.the company has been grappling with numerous issues. it was in the headlines earlier this month after workers at its escondida mine in chile went on strike. analyst henryjennings gave us a sense of the road ahead for the company. in terms of forecasts slightly to the seven point billion us the market was about 30 and a half dividend, 7a cents us. that may be a little bit disappointing for that there is no news of buy—back or capital. given that bhp already reported production numbers not long ago this is really an extrapolation of that, certainly nothing the first glance just put the horses here. what is i guess encouraging as we have seen a kid up in the iron ore price of 4% back up towards $100 a tonne. that is good news from bhp. it could be quite a positive day for the company.
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speaking of iron ore demand has had an impact on these miners with up see that changing? china still remains a bit of a problem. without question. and away the chinese government is stimulating is not the same plant they had in the past with infrastructure and housing and taking the forefront of plan. it is a concern and the market generally is quite pessimistic about the outlook for iron ore. at the moment bhp seems to be doing well in copper and their other businesses. maybe the copper will save them as a two iron ore comes up a bit. as the us cuts rates i think you might see the chinese follow which could add stimulus to the housing market. we could add stimulus to the housing market.- could add stimulus to the housing market. could add stimulus to the housin: market. ~ , �* housing market. we did see bhp had that strike _ housing market. we did see bhp had that strike in _ housing market. we did see bhp had that strike in escondido - housing market. we did see bhp had that strike in escondido in i had that strike in escondido in chile for the many lessons to be learned from that? do you think that is firmly behind them? �* ~' ., ~' 3 them? i'd like to think it's behind them. _ them? i'd like to think it's behind them. the - them? i'd like to think it's behind them. the last - them? i'd like to think it's. behind them. the last time them? i'd like to think it's - behind them. the last time they had seven years ago and lasted 44 days without this one has been a lot shorter. clearly
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they've had to come to the party in terms of renumeration of those structures putting in place so that you would like to think is the worlds biggest copper miner escondido, at the current top of this and it is crucial plank i guess in bhp is copper and strategic terms. it is very important and it does look good on top of this at least for now. turning to gaming now. china's newest entry to the market is a title, black myth: wukong, which is backed by tech giant tencent. the action role—playing game has attracted over 2 million players in just its first week. it's categorised as triple a or blockbuster — due to high quality graphics. online games expert chenyu cui explains the hype. i think it's quite exciting news. it's the first of the games released globally from chinese publishers. and it's based on the chinese culture so it is like the first time
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western piers can accept chinese culture from a games perspective. it's really an exciting news.— perspective. it's really an exciting news. perspective. it's really an excitin: news. ~ , ., exciting news. when it comes to production _ exciting news. when it comes to production reader _ exciting news. when it comes to production reader will _ exciting news. when it comes to production reader will cost - production reader will cost over $40 million to produce. do you think this will spark more games from china? t you think this will spark more games from china?— games from china? i think it does. it has _ games from china? i think it does. it has the _ games from china? i think it does. it has the confidence i games from china? i think it | does. it has the confidence of chinese publishers to develop more games and also to release more games and also to release more aaa games for the global market. it also a challenge for chinese publishers because it does cost a lot of investment. also development resources to a game. and in current pc game landscape is a difficult drop for many publishers. it will not bring a lot of aaa games from chinese publishers to global market but some of the
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developers will do so. india — the world's most populous country — is home to the largest number of young people anywhere in the world. now, while that is a demographic advantage, its population is also ageing rapidly. it is estimated that the number of people above 60 will double to 350 million by 2050. while an ageing population comes with its own set of challenges, some businesses are hoping to cash in. the bbc�*s arunoday mukharji reports. and their 60s and 70s and on the road venturing over 1000 km away from their home with one aim... checking things off their bucket lists. travelling on a specially curated tour for senior citizens... on a specially curated tour for senior citizens. . ._ senior citizens... hip hip! hooray! _ senior citizens... hip hip! hooray! they _ senior citizens... hip hip! hooray! they are - senior citizens... hip hip! hooray! they are visiting | hooray! they are visiting western india. moving at a comfortable pace taking in the sights and sounds. translation:
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we sent sights and sounds. translation: we spent our _ sights and sounds. translation: we spent our entire _ sights and sounds. translation: we spent our entire life _ we spent our entire life working, giving them the best, caring for our kids. we didn't have time to travel. we caring for our kids. we didn't have time to travel.- have time to travel. we also don't have — have time to travel. we also don't have the _ have time to travel. we also don't have the money - have time to travel. we also don't have the money to - have time to travel. we also don't have the money to do | have time to travel. we also l don't have the money to do it as well— don't have the money to do it as well i_ don't have the money to do it as well i feel we haven't seen most — as well i feel we haven't seen most of— as well i feel we haven't seen most of india so why not do it now? — most of india so why not do it now? �* ., , now? and travel companies are cashin: now? and travel companies are cashing in- _ now? and travel companies are cashing in. they _ now? and travel companies are cashing in. they can _ now? and travel companies are cashing in. they can travel - now? and travel companies are cashing in. they can travel at l cashing in. they can travel at any time _ cashing in. they can travel at any time of _ cashing in. they can travel at any time of the _ cashing in. they can travel at any time of the year. they i any time of the year. they don't have to wait for a vacation to travel at any point. when you think of the younger, the first thing happens is when school starts as you take the children's calendar and you mark out when is it that you can travel? the senior citizen group is such you name it and they can travel. , , ., , you name it and they can travel. , , . , , ., travel. this startup started as a senior company. _ travel. this startup started as a senior company. but - travel. this startup started as a senior company. but the . a senior company. but the business potential of the segment has now made them diversify into also making and selling special mobile phones for seniors. and now their
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latest offering, its silver wings app that helps the elderly socially networked it is now come to a stage where it's getting attractive. the site is big _ it's getting attractive. the site is big in _ it's getting attractive. the site is big in the _ it's getting attractive. tt;e: site is big in the market is emerging, which are monetise a bowl. it fits a huge opportunity. virtually nobody is focused on the segment for the specially in a country like india whether a far more youngsters. so we think it makes for a compelling business opportunity both from a social standpoint impact as promotion going forward. but standpoint impact as promotion going forward-— standpoint impact as promotion going forward. but not everyone can afford the _ going forward. but not everyone can afford the services - going forward. but not everyone can afford the services of- can afford the services of companies like veena world or see your world. according to un 40% of the elderly in india fall among the poorest of the port wall one fifth have no income at all. while the government has come out with some policies to provide subsidise health care and aid for the elderly experts say that still largely relegated to
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the private sector and hence, the private sector and hence, the cause. and many in this travelling group acknowledge that privilege. but as this group of us soon your dance to ball he hits at the end of their tour can ball he hits at the end of theirtour can india ball he hits at the end of their tour can india keep pace with the needs of its generation? and that's it for this edition of business today. thanks for watching.
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hello and welcome to sportsday. the world of football pays tribute following the death of sven goran eriksen, who guided swedish, portuguese and italian clubs to major trophies before becoming the first foreigner to take on the england job. light work for the defending women's champion at the us open — as american coco gauff coasts through her first
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round match in new york and a tale of two teams, who are fielding the same player. we'll have more on the curious tale of dannyjansen, playing for both the bluejays and the red sox in the same baseball game. welcome to the programme. tributes are being paid to former england manager sven goran eriksson, who has passed away at the age of 76. the swede led england to the quarter—finals at three major tournaments during his five—year spell in charge and he also managed 12 club teams, including manchester city, leicester, roma and lazio, winning 18 trophies. andy swiss has more. he brought a swedish cool to english football.
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but behind that studious surface, sven—goran eriksson's reign was anything but dull. he had made his managerial name first with gothenburg, and then with the italian side lazio, but when england appointed him as kevin keegan's replacement in 2000, it sparked a storm of controversy. england had never had a foreign coach before. but if the traditionalists were upset, eriksson was unflappable. if it's the most difficult job, i'm very happy. then it will be my biggest challenge so far in my life. and he soon silenced his critics on a famous night in munich. john motson: oh, this is getting better - and better and better! a 5—1 thrashing of germany, and suddenly eriksson seemed england's saviour. they qualified for the 2002 world cup in dramatic fashion. beckham! yes! he's done it! the feel—good factor was back, and eriksson was the architect.

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