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

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i'm lukwesa burak. in a couple of hours' time we'll be getting the latest inflation data from the united states — that's the pce data. right now the dollar is on course for its worst performance in nine months as investors price in a september rate cut. on thursday, democratic presidential nominee kamala harris and her running mate, tim walz, gave their first major broadcast interview to cnn and she told viewers about tackling the cost—of—living as a key priority. it's about, one, implementing my plan for what i call an "opportunity economy". i've already laid out a number of proposals in that regard, which include what we're going to do to bring down the cost of everyday
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goods, what we're going to do to invest in america's small businesses, what we're going to do to invest in families, for example, extending the child tax credit to $6,000 for families for the first year of their child's life, to help them buy a car seat, to help them buy baby clothes, a crib. there's the work that we're going to do that is about investing in the american family around affordable housing. a big issue in our country right now. to india now, the world's most populous nation, but also for some time nowthe world's fastest growing major economy. in the next few hours we'll find out whether that is still the case, as india publishes official gdp growth numbers for the three months to june. so what are we expecting? according to a reuters poll of more than 50 economists, india's economy is expected to have grown at an annual rate of 6.9% between april and june. if that proves to be correct, it will be a marked slowdown
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from the 7.8% rate seen between january and march. india, though, has done better than predicted in previous quarters, partly because of hefty spending by prime minister narendra modi in the run—up to the this year's election. 0ur india business correspondent arunoday mukharji has been taking a closer look. well, analysis for this period of april tojune, which also happens to be the first quarter of the indian financial year, seems to suggest that the overall indian growth story could be impacted because of a dip in the manufacturing sector. several other assessments also suggest that, while there could be a dip in the manufacturing sector, the bright spot remains the indian agricultural sector, something that has also been picked up in a recent report by india's largest public sector bank, the state bank of india. so that remains a bright spot. there were concerns because of a delayed monsoon. but now that the rains have picked up, that has had a positive impact on the agricultural crop.
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the report also says that the indian economy is not completely oblivious or ignorant of all the global developments and the uncertainties currently around the world, but does say that the indian economy has remained largely resilient to the disruption in global supply chains, and that is something that is likely to remain, as well. ratings agencies like moody's or even the international monetary fund have also revised upwards india's growth story, as well. so that is something that the indian economy would be taking confidence in, as well. but they've also cautioned that all of this, this stable and robust growth that the indian economy seems to be projecting, is also dependent on india's private consumption picking up, something that has slowed down, and also whether the indian economy can make the most of its vast and substantial labour pool, as well, and make the most of its demographic dividend. workers in the uk could be given the right to ask their employers to work a four—day week under government plans to
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increase flexible working. employees would still have to work their full hours to receive their full pay, but could compress their contracted hours into a shorter working week. the conservative shadow business secretary kevin hollinrake has claimed businesses were "petrified" about the plans. however, ministers insist they will not impose the change on staff or businesses. ben willmott is head of public policy for the chartered institute of personnel and development, the cipd. hello. great to have you with us. what is so different about what is being announced now?— being announced now? well, the government _ being announced now? well, the government has _ being announced now? well, the government has indicated - being announced now? well, the government has indicated they i being announced now? well, the l government has indicated they will seek to build on our existing flexible working regulations, which gives people the right to request
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flexible working from day one of employment. to use that as the baseline, to build on that to make an flexible working more of a default. were not exactly sure yet of the details of what that will mean, but one approach might be that they will tighten up the business reason is that employers can use to turn down requests, to make it harderfor turn down requests, to make it harder for employers say no to flexible working. an important thing is whatever proposals are developed they are done in consultation with employers, and the government has said they will do that. why would employers say no? there are various reasons set out in the legislation, so things like it might impact on people's performance, make it harder to meet customer demands or flexible working request might mean it is harder to reorganise work that other
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employees do, so there are various reasons. i think it is just making sure that there is this balance were flexible working can work both for business and for individuals, so treading that line will require some consultation and making sure that whatever is introduced absolutely can work in practice and work for workers and businesses. i expect this is also _ workers and businesses. i expect this is also industry _ workers and businesses. i expect this is also industry or _ workers and businesses. i expect this is also industry or sector- this is also industry or sector dependent. it must work particularly well in marketing recruitment, for example, graphic design. a lot of companies have signed up to this four—day week pledge. what companies have signed up to this four-day week pledge. what about other sectors? _ four-day week pledge. what about other sectors? things _ four-day week pledge. what about other sectors? things like - other sectors? things like compressed hours working can work for many people in many sectors, but it is notjust compressed hours.
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there are other forms of flexible working that's really important, flexitime, term time working, there is unmet demand from employees for those sorts of working arrangements, so i think any changes that could support businesses to really think creatively about providing that sort of flexibility is positive, because nonein of flexibility is positive, because none in the right way flexible working can support business's ability to recruit and retain staff, so there is a business case for improving flexible working, as well. there has been this discussion about a five—day working week, something from a different era, different generation. it from a different era, different generation-— from a different era, different aeneration. . ., , ., ~ generation. it certainly can work. or their employers _ generation. it certainly can work. or their employers or _ generation. it certainly can work. or their employers or sector - generation. it certainly can work. or their employers or sector is i 0r their employers or sector is perhaps that are competing against each other to deliver and attract employees by offering a more balanced work — life job?
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employees by offering a more balanced work — lifejob? i think thatis balanced work — lifejob? i think that is happening in every single sector. we have seen a significant shift to human hybrid working. where we have lacked is around those flexible hours arrangements, things likejob share, flexible hours arrangements, things like job share, annualised flexible hours arrangements, things likejob share, annualised hours, term time working. there is a great opportunity to increase that in all sectors to the benefit of organisations and individuals. my final question really is, i'm just wondering if the four day week works at different levels of seniority? we often see in companies that it is senior staff who able to work from home for more than the so—called shop floor staff. would it be the same for a four—day week, as well? i think the four—day working week, it
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will be down to individual businesses about either will work in practice, but it is important that we don't have a workforce were more senior members of staff are certain type of staff are able to access flexibility and other workers can't. that is a real challenge going forward to make flexible working really inclusive across all organisations.— really inclusive across all organisations. really inclusive across all oruanisations. ~ ., , ., organisations. then wilmots, for now, organisations. then wilmots, for now. thank— organisations. then wilmots, for now. thank you _ organisations. then wilmots, for now, thank you very _ organisations. then wilmots, for now, thank you very much - organisations. then wilmots, for. now, thank you very much indeed, organisations. then wilmots, for- now, thank you very much indeed, it has been very insightful. lego is the world's biggest toy—maker and this week we learnt that the plastic brick giant has been building on that position over the past six months, gaining market share in the global toy market and increasing sales by 13%. it's notjust children who are driving those sales. adult fans of lego are an increasingly important part of the danish firm's strategy.
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it has been launching more complicated, and expensive, kits aimed at afols , ales or alhs — yes, there is official terminology within the lego world! ceo, niels b christiansen has been speaking to tadhg enright for this weekend's talking business programme. everybody that really would like to get into the universe of lego bricks. and it does cater for both kids and and adults very often, of course, adults and kids are building together. the family is building together. so it may actually say 18 plus and it may be quite complicated to build, but you would be amazed how good kids are even at ten, 11, 12 or into the teens, how capable they are of building. so it's it's fantastic the way it caters for everybody.
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and it brings also families together. so we're super happy with this development. some of your icon series sets are very expensive. who are building them? we very expensive. who are building them? ~ ., ., ., ., , them? we do not want it to be inclusive of— them? we do not want it to be inclusive of only _ them? we do not want it to be inclusive of only one _ them? we do not want it to be inclusive of only one set. - them? we do not want it to be inclusive of only one set. it - them? we do not want it to be - inclusive of only one set. it means we can cater for more interests. we can caterfor a new we can cater for more interests. we can cater for a new interests that would be of interest to adults, so in that sense we just have more breadth. we have more opportunity to get to both kids and adults. in that sense there is somebody out there for everybody inside the lego brand, and that is fantastic. you can hear lots more from the boss of lego, niels christiansen, this weekend on �*talking business weekly�*, right here on the bbc news channel. the eurozone inflation figure has actually dropped to a three—year low
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of 2.2% in august from 2.6% injuly. that lies within expectations. the core rate, excluding the more volatile components, fell to 2.8% in august from 2.9%. that sets!
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hello from the bbc sport centre. the second day of the second test is under way at lords and england had resumed on 358—7 against sri lanka. they've added to that tally with gus atkinson reaching his maiden century for england. he's on 108. england are 409—8 after losing matthew potts, gone for 21. it was thejoe root show on day one,
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with a record—equalling 33rd century helping england into a strong position after they were put into bat. root hit 143 to move level with sir alastair cook for the most test centuries for england. sri lanka are yet to bat. england won the first test at old trafford. great britain got off to a flying start on day one of the paralympics in paris, winning two gold medals, three silvers and one bronze. teenage swimmer poppy maskill created history with britain's first gold at the games. the 19—year—old took victory in the 514100 metre butterfly. she broke the world record in that race, describing it afterwards as "unreal". that was followed shortly after by another gold, also in the pool. maskill�*s team—mate tully kearney taking victory in the s5 200 metre freestyle — a win she said was "redemption" following her silver medal in tokyo last time around.
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not such positive news though for one of britain's

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