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May 13, 2024
05/24
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hello and welcome to business today. i'm steve lai. let's begin in china, where the latest data showed that inflation is starting to pick up. consumer prices rose for a third month in a row in april, which signals a comeback in demand. while much of the world has been battling the cost of living crisis, the world's second biggest economy fell into deflation last year, that means prices fell. beijing has announced measures to boost consumer confidence. over in the us, it's a very different story — all eyes are on the latest inflation figures out this, because if consumer prices rise too quickly, america's central bank will likely push the timing of interest rate cuts further down the line. meanwhile, on tuesday, australia's government will unveil its annual budget, and we're expecting measures to ease cost—of—living pressures in the country. and on friday, we'll get more data from china which should give us clues on whether consumers are spending with the release of monthly retail sales numbers. tim waterer, chief market analyst,
hello and welcome to business today. i'm steve lai. let's begin in china, where the latest data showed that inflation is starting to pick up. consumer prices rose for a third month in a row in april, which signals a comeback in demand. while much of the world has been battling the cost of living crisis, the world's second biggest economy fell into deflation last year, that means prices fell. beijing has announced measures to boost consumer confidence. over in the us, it's a very different story...
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May 15, 2024
05/24
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welcome to business today. i'm erin delmore in new york where markets have just opened higher on the latest inflation data out this morning. the consumer price index showed inflation cooling slightly in april, coming in at 0.3% month over month, a tenth lower than the we saw in march. that translates to an annual figure of 3.4%. any news of prices falling — increases the hopes from investors that the fed will start cutting the main interest rate, sooner rather than later. joining me now is wei li, global chief investment strategist at blackrock. thank you for being here. what impact is this having on the markets this morning? this is a welcome relief. we are seeing some information as expected. part of the inflation is cooling down a little bit coming from very elevated levels earlier in the year. also encouraging the core goods inflation it is actually negative which again is a welcome release and has been driven by mismatch unwinding. iwas has been driven by mismatch unwinding. i wasjust has been driven by
welcome to business today. i'm erin delmore in new york where markets have just opened higher on the latest inflation data out this morning. the consumer price index showed inflation cooling slightly in april, coming in at 0.3% month over month, a tenth lower than the we saw in march. that translates to an annual figure of 3.4%. any news of prices falling — increases the hopes from investors that the fed will start cutting the main interest rate, sooner rather than later. joining me now is...
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May 14, 2024
05/24
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hello, and welcome to business today. let's begin in the us — where thejustice department says boeing will be subjected to prosecution. this is because the plane—maker allegedly breached an agreement made in 2021. the deal shielded it from criminal charges over the fatal 737 max crashes in 2018 and 2019. boeing told the bbc that it had "honoured the terms" of the agreement with the do], and will be responding to the agency on the issue. we will be keeping a close eye on this story as it develops. staying with the us — presidentjoe biden has increased tariffs on $18 billion worth of imports from china. he's accused the country of unfairly subsidising its clean energy sector and flooding international markets with cheap goods. from new york, the bbc�*s erin delmore has more. it's not often we find former president trump and curtin president trump and curtin president biden in agreement, but now we are seeing president biden not only keeping tariffs enacted by his predecessor, but increasing them. they focus on the k
hello, and welcome to business today. let's begin in the us — where thejustice department says boeing will be subjected to prosecution. this is because the plane—maker allegedly breached an agreement made in 2021. the deal shielded it from criminal charges over the fatal 737 max crashes in 2018 and 2019. boeing told the bbc that it had "honoured the terms" of the agreement with the do], and will be responding to the agency on the issue. we will be keeping a close eye on this story...
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May 22, 2024
05/24
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that is it for the addition of business today. i will see _ addition of business today. i will see you again tomorrow. -- for this will see you again tomorrow. » for this edition of business today. a man has died and several others were injured after extreme turbulence on the flight from london to singapore. the singapore airlines plane had to divert to bangkok and landed at 3:45pm. authorities say the victim was a 73—year—old man from the uk and it was likely he died from and it was likely he died from a heart attack. passengers took these pictures shortly after these pictures shortly after the emergency. imagine how scary this would have been. jerry was a passenger on the flight. jerry was a passenger on the fli . ht. ,, , , ., flight. suddenly the plane plunged. _ flight. suddenly the plane plunged. i _ flight. suddenly the plane plunged, i don't - flight. suddenly the plane plunged, i don't know- flight. suddenly the plane| plunged, i don't know how flight. suddenly the plane - plunged, i don't know how far. they said since thousand feet but it did not seem like
that is it for the addition of business today. i will see _ addition of business today. i will see you again tomorrow. -- for this will see you again tomorrow. » for this edition of business today. a man has died and several others were injured after extreme turbulence on the flight from london to singapore. the singapore airlines plane had to divert to bangkok and landed at 3:45pm. authorities say the victim was a 73—year—old man from the uk and it was likely he died from and it was...
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May 16, 2024
05/24
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hello, and welcome to business today — i'm suranjana tewari. let's begin in the us — where wall street has been on a record high this week. on thursday, the the dowjones reached an intra—day fresh record of 40,000, before shedding earlier gains. retail giant walmart raised its full—year forecast after reporting better—that—expected quarterly earnings. but this positive outlook isn't shared by everyone. the bbc�*s erin delmore explains. traders on wall street finally had reason to don their dow 40,000 baseball caps. the dow crossed the symbolic threshold writing hi from an encouraging inflation report that's in all three major indexes to record closes on wednesday. —— riding high. what are the good vibes making their way to main street? in a way, yes — many people are exposed to the stock market through their retirement funds, so stock market gains like the ones we've been seeing this week beget real money for real people. but consumers aren't feeling so rosy — a survey out last week show there are significantly more worried
hello, and welcome to business today — i'm suranjana tewari. let's begin in the us — where wall street has been on a record high this week. on thursday, the the dowjones reached an intra—day fresh record of 40,000, before shedding earlier gains. retail giant walmart raised its full—year forecast after reporting better—that—expected quarterly earnings. but this positive outlook isn't shared by everyone. the bbc�*s erin delmore explains. traders on wall street finally had reason to...
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May 10, 2024
05/24
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this is business today, live from new york, where us shares opened higher, looking to extend their rally after strong revenues from the world's biggest chip—maker bestie the sector. the uk posted its strongest growth in more than two years. but could that mean there is less pressure for an interest rate cut? plus, regaining altitude— british airways�*s owner, iag, sees a surge in bookings as it pulls out of the post—pandemic slump. and a crushing experience for apple. it is forced to apologise after its new commercial strikes the wrong chord. welcome to business today. us markets have kicked off the last trading day of the week on a high. economic data here in the us has been boosting hopes of interest rates cuts from the federal reserve. an overnight, the world's biggest chip—maker said its revenue in april soared 60% in the year. if that continues we could be looking at a third straight weeks of gains for the snp 500 and nasdaq. for the dow jones, it will be four of gains. thank you for being here, melissa. we have seen some encouraging signs. what do you attribute this hot s
this is business today, live from new york, where us shares opened higher, looking to extend their rally after strong revenues from the world's biggest chip—maker bestie the sector. the uk posted its strongest growth in more than two years. but could that mean there is less pressure for an interest rate cut? plus, regaining altitude— british airways�*s owner, iag, sees a surge in bookings as it pulls out of the post—pandemic slump. and a crushing experience for apple. it is forced to...
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May 29, 2024
05/24
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hello, and welcome to business today. i'm steve lai. to our top story today — as the world's biggest smartphone makers are battling it out for market share in china, apple has cause to celebrate. the bbc�*s north america business correspondent erin delmore tells us why. china is the world's smartphone market, and apple is one of the role�*s biggest smartphone makers. but apple hasn't been doing so well in china. iphone sales fell by 37% during the first two months this year. see, competition is heating up in the region. home—grown rival hallway is increasing its market share, opening more stores and selling more phones. it overtook apple as the second most popular smartphone maker in china during the first quarter of the year —— the company's iphone sales rose 52% compared to a year ago. it's according to data from a research company affiliated with the chinese government. that entity, the titan democrat doesn't track apple specifically. instead it measures the increase in foreign branded shipments. but in the foreign brande
hello, and welcome to business today. i'm steve lai. to our top story today — as the world's biggest smartphone makers are battling it out for market share in china, apple has cause to celebrate. the bbc�*s north america business correspondent erin delmore tells us why. china is the world's smartphone market, and apple is one of the role�*s biggest smartphone makers. but apple hasn't been doing so well in china. iphone sales fell by 37% during the first two months this year. see,...
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May 27, 2024
05/24
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on business today. we start in the middle east. palestinian officials have accused the israeli military of carrying out a deadly air strike on an area for displaced people near rafah in southern gaza. dozens of people have reportedly been killed, including children. a spokesperson with the palestinian red crescent society said the death toll was likely to increase as search and rescue efforts continued in rafah�*s tal al sultan neighbourhood, west of the city centre. in a statement, israel's military said an idf aircraft struck a hamas compound in rafah, adding: "the idf is aware of reports indicating that as a result "of the strike and fire that was ignited "several civilians in the area were harmed", before adding, "the incident is under review." earlier on sunday, hamas launched rocket attacks towards tel aviv for the first time in months. the israeli military said at least eigh rockets were launched from the rafah area of southern gaza. all the projectiles were either intercepted by air defence sy
on business today. we start in the middle east. palestinian officials have accused the israeli military of carrying out a deadly air strike on an area for displaced people near rafah in southern gaza. dozens of people have reportedly been killed, including children. a spokesperson with the palestinian red crescent society said the death toll was likely to increase as search and rescue efforts continued in rafah�*s tal al sultan neighbourhood, west of the city centre. in a statement, israel's...
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May 14, 2024
05/24
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hello and welcome to business today. i'm steve lai. let's begin in the united states, because a week of developer conferences are being held in the tech world, with three giants set to release their latest features and products in generative artificial intelligence. up first, chatgpt�*s parent company openai, which unveiled its new flagship model gpt—lio. from new york, the bbc�*s erin delmore has all the details. 20 years ago, the biggest battle in tech was over who would win the war for search engine dominance. google took the prize, and it isn't nowjust a multitrillion—dollar company. it's also a verb. so now enter the latest fight over who will lead on generative ai. the start—up openai took the tech sector by storm with its chatgpt chatbot in late 2022. that could answer users�* queries and carry out human—like conversation. mark, you're not a vacuum cleaner! as of monday, we're now seeing that conversation happen out loud. the company dem a chatbot that can field questions and give answers via voice. ..and then exha
hello and welcome to business today. i'm steve lai. let's begin in the united states, because a week of developer conferences are being held in the tech world, with three giants set to release their latest features and products in generative artificial intelligence. up first, chatgpt�*s parent company openai, which unveiled its new flagship model gpt—lio. from new york, the bbc�*s erin delmore has all the details. 20 years ago, the biggest battle in tech was over who would win the war for...
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May 17, 2024
05/24
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welcome to business today. the chair of tesla has acknowledged that it will be like mount everest to convince shareholders to back a controversial plan to move the car—maker's headquarters so it can award its chief executive elon musk a pay package worth $56 billion. robyn denholm was speaking to the financial times ahead of a shareholder meeting next month. she said the vote was notjust important to the company but also to corporate america. the reason for the vote is that musk�*s pay deal has been blocked by a court in the state of delaware where the company is incorporated so tesla is now asking shareholders to support its relocation to texas. joining me now is erin delmore, our north america business correspondent. we should stress that he is not talking about whether shareholders support the move and the paid package, but actually whether she can get a request it percentage of shareholders to a ballot. what is that about?— shareholders to a ballot. what is that about? ., ., ., that about? you are rig
welcome to business today. the chair of tesla has acknowledged that it will be like mount everest to convince shareholders to back a controversial plan to move the car—maker's headquarters so it can award its chief executive elon musk a pay package worth $56 billion. robyn denholm was speaking to the financial times ahead of a shareholder meeting next month. she said the vote was notjust important to the company but also to corporate america. the reason for the vote is that musk�*s pay deal...
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May 12, 2024
05/24
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can they do the business here today? i don't see why not. a cu business here today? i don't see why not- a cut final— business here today? i don't see why not. a cup final is _ business here today? i don't see why not. a cup final is a _ business here today? i don't see why not. a cup final is a one-off - business here today? i don't see why not. a cup final is a one-off game, . not. a cup final is a one—off game, it is about who shows up on the day and all of the pieces coming together. i think tottenham will come with a bit of a fearless attitude today, i would expect. the pressure really is on manchester united. it pressure really is on manchester united. , ., united. it is indeed. thanks so much, united. it is indeed. thanks so much. and _ united. it is indeed. thanks so much, and eta. _ united. it is indeed. thanks so much, and eta. it— united. it is indeed. thanks so much, and eta. it is— united. it is indeed. thanks so much, and eta. it is a - united. it is indeed. thanks so much, and eta. it is a close i united. it is indeed. thanks so i much, and eta
can they do the business here today? i don't see why not. a cu business here today? i don't see why not- a cut final— business here today? i don't see why not. a cup final is _ business here today? i don't see why not. a cup final is a _ business here today? i don't see why not. a cup final is a one-off - business here today? i don't see why not. a cup final is a one-off game, . not. a cup final is a one—off game, it is about who shows up on the day and all of the pieces coming together. i...
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May 14, 2024
05/24
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don�*t you go anywhere because i�*m back with business today, ai i�*m back with business today, a! our top story. stay with us. ai our top story. stay with us. i�*ll see you in a moment. hello. the weather looks decidedly mixed over the next few days, just as it was on monday. for some of us, there was a little bit of sunshine and some warmth — 24 celsius, or at least very close to it, in parts of northern scotland. compare that with 14 celsius in southwest england, with cloud, with outbreaks of rain — all in association with this area of low pressure and this slow—moving frontal system. now, this weather front is now slowly on the move, northwards and eastwards. you can follow that weather front here for tuesday morning. that�*s where we�*ll see outbreaks of rain across parts of eastern england, for a time across the midlands, certainly some rain across northern england, southern and central scotland. rain tending to pull away from northern ireland, and for wales in the southwest, it�*s a mix of sunny spells and heavy showers. northern scotland should see some dry an
don�*t you go anywhere because i�*m back with business today, ai i�*m back with business today, a! our top story. stay with us. ai our top story. stay with us. i�*ll see you in a moment. hello. the weather looks decidedly mixed over the next few days, just as it was on monday. for some of us, there was a little bit of sunshine and some warmth — 24 celsius, or at least very close to it, in parts of northern scotland. compare that with 14 celsius in southwest england, with cloud, with...
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May 15, 2024
05/24
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hello and welcome to business today. let's begin in the us where thejustice department presidentjoe biden has increased tariffs on $18 billion worth of imports from china. he's accused the country of unfairly subsidising its clean energy sector and flooding international markets with cheap goods. from new york, the bbc�*s erin delmore reports. it is not often we find former president trump and current president biden in agreement but president biden is not only keeping tariffs enacted by his predecessor but increasing them. they focus on the key technologies that power the green transition and include a 100% tariff on all chinese made electric vehicles imported into the united states. that is up from 25%. and a doubling of the levy on solar cells to 50% and a doubling of the levy on semiconductors to 50%. president biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future from ev to solar cells, semiconductors, steel and illuminance and even health equipment l
hello and welcome to business today. let's begin in the us where thejustice department presidentjoe biden has increased tariffs on $18 billion worth of imports from china. he's accused the country of unfairly subsidising its clean energy sector and flooding international markets with cheap goods. from new york, the bbc�*s erin delmore reports. it is not often we find former president trump and current president biden in agreement but president biden is not only keeping tariffs enacted by his...
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May 30, 2024
05/24
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hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply. another sticking point was reaching an agreement on job security for more than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon 0il in a $22.5 billion deal. erin delm
hello and welcome to business today. i'm mariko oi. to our top story this morning — the australian mining giant, bhp, has scrapped its $49 billion offer to buy its british rival, anglo american. its decision came after anglo american rejected a request to extend a deal—making deadline. bhp had been particularly attracted to the uk mining giant's copper assets — which, thanks to its mines in south america — would have given a combined company control of roughly 10% of global supply....
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May 10, 2024
05/24
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welcome to business today. the uk economy saw faster than expected growth at the start of the year as it came out of recession. it grew 0.6% between january and march, and that's the fastest rate in two years. the news comes after the boss of the bank of england, andrew bailey, said the economy had turned a corner, but wasn't yet in a strong recovery. for more on this i'm joined now byjackie bowie, head of europe at chatham financial. where is this growth coming from?
welcome to business today. the uk economy saw faster than expected growth at the start of the year as it came out of recession. it grew 0.6% between january and march, and that's the fastest rate in two years. the news comes after the boss of the bank of england, andrew bailey, said the economy had turned a corner, but wasn't yet in a strong recovery. for more on this i'm joined now byjackie bowie, head of europe at chatham financial. where is this growth coming from?
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May 10, 2024
05/24
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lord bilimoria told bbc business today that the threat of these visas being taken away would be "hugely damaging". the review was announced by the home secretary james cleverly in march. lord bilimoria also urged the home office to take international students out of net migration figures, which have soared in recent years to record levels. speaking to the bbc�*s david waddell he explained his concerns. the whole of the university sector is extremely concerned that there has been this rushed review by the migration advisory committee on the graduate route. we are competing with america and canada, with australia and with european countries, many of whom offer very attractive
lord bilimoria told bbc business today that the threat of these visas being taken away would be "hugely damaging". the review was announced by the home secretary james cleverly in march. lord bilimoria also urged the home office to take international students out of net migration figures, which have soared in recent years to record levels. speaking to the bbc�*s david waddell he explained his concerns. the whole of the university sector is extremely concerned that there has been...
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May 7, 2024
05/24
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�*business today�* is what we'll be called from later today. all you need to know about money, markets, and finance, tech, travel and trade. that's �*business today'. here on bbc news. but for now, for one final time, from me, and the team, you've been watching world business report. hello from the bbc sport centre. erik ten hag insists he's the right man to turn around the fortunes of manchester united despite watching his side get thrashed four nil by crystal palace in the premier league. the result leaves them 8th and in danger of missing out on european competition next season. i prepare the team in the best way i can, and we have many problems, so the only focus i have — to perform better with my team. so just finally, tonight doesn't add to any concern for yourself about your position? i don't think about this — that is, i think only about making my team better, and it's necessary because we are underperforming. the first finalists in this season champions league will be decided later when paris st germain host dortmund. the german
�*business today�* is what we'll be called from later today. all you need to know about money, markets, and finance, tech, travel and trade. that's �*business today'. here on bbc news. but for now, for one final time, from me, and the team, you've been watching world business report. hello from the bbc sport centre. erik ten hag insists he's the right man to turn around the fortunes of manchester united despite watching his side get thrashed four nil by crystal palace in the premier...
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May 16, 2024
05/24
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hello and welcome to business today. i'm suranjana tewari. we begin in the us where the latest data shows inflation has fallen slightly. consumer prices rose 3.4 percent in the 12 months to april. that figure was down from 3.5% in the previous month. as we can see here, the news sent us markets to record highs as investors count on the federal reserve cutting interest rates. our business correspondent erin delmore reports. a banner day on wall street with all three major indexes closing at record highs. that's right — the dow, the s&p 500 and the nasdaq all hit their highest levels ever. the catalyst — wednesday's consumer price index report which showed inflation rising less rapidly inflation rising less rapidly in april than we'd seen in the first three months of the year. fed chairjerome powell has said a day earlier that fed officials were surprised by this year's higher—than—expected readouts. traders keenly watch inflation figures for clues on how the fed will move forward on interest rates. any news of price increases easing ra
hello and welcome to business today. i'm suranjana tewari. we begin in the us where the latest data shows inflation has fallen slightly. consumer prices rose 3.4 percent in the 12 months to april. that figure was down from 3.5% in the previous month. as we can see here, the news sent us markets to record highs as investors count on the federal reserve cutting interest rates. our business correspondent erin delmore reports. a banner day on wall street with all three major indexes closing at...
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May 26, 2024
05/24
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hello and welcome to business today. i'm steve lai. the leaders of china, south korea and japan have gathered in seoul for a trilateral summit — theirfirst meeting in more than four years. ahead of that, south korea's president yoon suk yeol met separately with china's premier li qiang on sunday, where they agreed to resume talks on a free trade agreement. japan's prime minister fumio kishida and li qiang also had a meeting. according to japanese media, kishida asked that china lift its ban on imports of japanese seafood during that one—on—one. let's bring in bates gill, senior fellow at the national bureau of asian research. obviously, it's an important gathering of these three important east asian countries. first time they met in a number of years. i think the summit itself is importantjust for itself is importantjust for its symbolism and effort on its countries that have serious differences among each other. to sit down and meet expectations are relatively low. i think it's good to be more symbolism and rhetoric than any act
hello and welcome to business today. i'm steve lai. the leaders of china, south korea and japan have gathered in seoul for a trilateral summit — theirfirst meeting in more than four years. ahead of that, south korea's president yoon suk yeol met separately with china's premier li qiang on sunday, where they agreed to resume talks on a free trade agreement. japan's prime minister fumio kishida and li qiang also had a meeting. according to japanese media, kishida asked that china lift its ban...
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May 13, 2024
05/24
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hello and welcome to business today, i'm steve larkham. let's start in china with an loudest data shows inflation is starting to pick up. consumer prices rose for a third mother in april which signals a and demand. while they been battling the cost—of—living crisis, they fell into deflation last year which means prices fell. beijing has announced measures to boost consumer confidence. in the us it's a very different story. the focus is the latest inflation figures out this week because of consumer prices rise too quickly the american central bank will likely push the timing of interest rates cut further down the line. on tuesday australia's government will unveil its annual budget and we expect measures to ease cost of living pressures in the country. on friday will have more data from china which could or should give us clues on whether consumers are spending with the release of monthly sales numbers. achieve market analyst gave us his analysis. market analyst gave us his analysis-— market analyst gave us his anal sis. . , . ., anal
hello and welcome to business today, i'm steve larkham. let's start in china with an loudest data shows inflation is starting to pick up. consumer prices rose for a third mother in april which signals a and demand. while they been battling the cost—of—living crisis, they fell into deflation last year which means prices fell. beijing has announced measures to boost consumer confidence. in the us it's a very different story. the focus is the latest inflation figures out this week because of...
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May 28, 2024
05/24
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hello and welcome to business today. i'm steve lai. to our top story — china has launched a brand new semiconductor investment fund, its largest one to date. the fund is worth over $47 billion, and comes as china tries to boost development of its domestic chip industry, amid us restrictions on beijing's access to advanced chips. china's finance ministry is the largest shareholder of the fund, along with investments from various government enterprises and state—owned banks. those tensions between washington and beijing trade and technology have encouraged businesses to look beyond china for their factories. malaysia for one, is hoping get a larger slice of the semiconductor manufacturing pie. intel and globalfoundries are some firms that have recently expanded their operations in malaysia. according to some official estimates, malaysia hopes to double its share of the global chips trade from seven to 14% by 2029. i spoke to the former deputy minister for trade and industry ong kian ming. he explained malaysia's role in the chips sup
hello and welcome to business today. i'm steve lai. to our top story — china has launched a brand new semiconductor investment fund, its largest one to date. the fund is worth over $47 billion, and comes as china tries to boost development of its domestic chip industry, amid us restrictions on beijing's access to advanced chips. china's finance ministry is the largest shareholder of the fund, along with investments from various government enterprises and state—owned banks. those tensions...
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May 17, 2024
05/24
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hello and welcome to business today. i'm suranjana tewari. let's begin in the us, where wall street has been on a record high this week. on thursday, the dowjones reached an intra—day fresh record of 40,000 before shedding earlier gains. retail giant walmart raised its full—year forecast after reporting better—that—expected quarterly earnings. but this positive outlook isn't shared by everyone. the bbc�*s erin delmore explains. treat on wall street finally had a reason to don their 40,000 baseball caps. they 40 , 000 baseball caps. they cross 40,000 baseball caps. they cross the threshold in mourning trading, writing have an encouraging inflation report that said all three major indexes to record closes on wednesday. 0ther indexes to record closes on wednesday. other good vibes on wall street making their way to main street? in a way, yes, many people are exposed to the stock market through their retirement fund so stock market gains like the ones we have seen this week will get real money for real people. consumers are not feeling
hello and welcome to business today. i'm suranjana tewari. let's begin in the us, where wall street has been on a record high this week. on thursday, the dowjones reached an intra—day fresh record of 40,000 before shedding earlier gains. retail giant walmart raised its full—year forecast after reporting better—that—expected quarterly earnings. but this positive outlook isn't shared by everyone. the bbc�*s erin delmore explains. treat on wall street finally had a reason to don their...
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May 21, 2024
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this is business today. let's get more on the singapore airlines incident in which severe turbulence killed one passenger and has injured dozens more. the flight between london and singapore was forced to make an emergency landing in bangkok and flight data indicated the aircraft dropped 2000 metres as pilot burrow tried to the plane. boeing are ready to help support their investigation. —— as pilots tried to stabilise the brain. remind us exactly what we know, michelle. this was a flight that left london and was heading to singapore, and at some point along the way when it was flying over thailand it hit this period of turbulence which has had a pretty devastating consequences where one passenger has been confirmed as having died from the incident and 30 injured, 18 of whom have been taken to hospital to be treated for their injuries. it is a pretty scary moment when you hear about these things and we have all experienced turbulence on planes and so the reaction has been fairly rapid. there has been a p
this is business today. let's get more on the singapore airlines incident in which severe turbulence killed one passenger and has injured dozens more. the flight between london and singapore was forced to make an emergency landing in bangkok and flight data indicated the aircraft dropped 2000 metres as pilot burrow tried to the plane. boeing are ready to help support their investigation. —— as pilots tried to stabilise the brain. remind us exactly what we know, michelle. this was a flight...
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May 22, 2024
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live from london this, is business today. i'm sally bundock. we start in the uk, where, injust underan hour and a half's time, we'll be getting the latest reading on the rate of price rises. the consumer price index figure for april is expected to show a significant drop in inflation, which has been heading in the right direction for the last few months, easing the pressure on the cost of living, and heading towards the bank of england's targets. let's take a look at the numbers. in february, inflation was running at 3.4% — it then came down to a two—and—a—half—year low of 3.2% in march, and now analysts are predicting inflation could come down to the bank of england's target rate of 2% for april. but households and businesses may not feel any better off in the short term, as ben king reports. the recipes haven't changed in 90 years in this traditional bakerin 90 years in this traditional baker in west sussex, but the cost of their ingredients has. flour prices, meat prices, energy prices all up. the cost of fat has doubled. that has
live from london this, is business today. i'm sally bundock. we start in the uk, where, injust underan hour and a half's time, we'll be getting the latest reading on the rate of price rises. the consumer price index figure for april is expected to show a significant drop in inflation, which has been heading in the right direction for the last few months, easing the pressure on the cost of living, and heading towards the bank of england's targets. let's take a look at the numbers. in february,...
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May 28, 2024
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hello and welcome to business today. i'm steve lai. to our top story — china has launched a brand new semiconductor investment fund, its largest one to date. the fund is worth over $47 billion, and comes as china tries to boost development of its domestic chip industry, amid us restrictions on beijing's access to advanced chips. china's finance ministry is the largest shareholder of the fund, along with investments from various government enterprises and state—owned banks. those tensions between washington and beijing over trade and technology have encouraged businesses to look beyond china
hello and welcome to business today. i'm steve lai. to our top story — china has launched a brand new semiconductor investment fund, its largest one to date. the fund is worth over $47 billion, and comes as china tries to boost development of its domestic chip industry, amid us restrictions on beijing's access to advanced chips. china's finance ministry is the largest shareholder of the fund, along with investments from various government enterprises and state—owned banks. those tensions...
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May 21, 2024
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welcome to business today. markets have had a muted opening as investors hold their nerve ahead of chip leader invidious�*s earnings later this week. macy's turnaround plan appears to be working. also in the last hour we have heard from federal reserve governor who says he believes rate increases are probably unnecessary but he would like to see several more months of good inflation data before lowering interest rates. how are traders responding to this? we can speak to a managing directorfrom the carnegie council. thanks forjoining us. what you make of those comments from the federal reserve governor? —— what do you. it is from the federal reserve governor? -- what do vow— -- what do you. it is a reasonable statement _ -- what do you. it is a reasonable statement. based _ -- what do you. it is a reasonable statement. based on _ -- what do you. it is a reasonable statement. based on economic i statement. based on economic projections, it turns out that it is always surprising, so the rush to cut rates i
welcome to business today. markets have had a muted opening as investors hold their nerve ahead of chip leader invidious�*s earnings later this week. macy's turnaround plan appears to be working. also in the last hour we have heard from federal reserve governor who says he believes rate increases are probably unnecessary but he would like to see several more months of good inflation data before lowering interest rates. how are traders responding to this? we can speak to a managing...
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May 15, 2024
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you are with business today. india, and the media landscape has changed dramatically in the last decade since the bjp swept to power. there has been growing corporatisation with several national news channels once owned by independent media entrepreneurs, now controlled by billionaire tycoons. analysis shows big money has squared out dissenting voices from tv news. narendra modi is the only think this election is about. ~ , ., , about. the prime minister has lanauuae about. the prime minister has language or — about. the prime minister has language or the _ about. the prime minister has language or the opposition. i language or the opposition. india's tv news queens at night after night, dishing out flattering coverage of the prime minister. for long, and dtv was widely considered a loan, independent voice. last year, it was snapped up in a hostile takeover by a billionaire tycoon. it hostile takeover by a billionaire tycoon. it would not be the _ billionaire tycoon. it would not be the channel - billionaire ty
you are with business today. india, and the media landscape has changed dramatically in the last decade since the bjp swept to power. there has been growing corporatisation with several national news channels once owned by independent media entrepreneurs, now controlled by billionaire tycoons. analysis shows big money has squared out dissenting voices from tv news. narendra modi is the only think this election is about. ~ , ., , about. the prime minister has lanauuae about. the prime minister...
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May 9, 2024
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welcome to business today, i'm ben thompson. we start here in the uk, where the bank of england has kept the cost of borrowing on hold at 5.25%, but is inching towards a cut. the bank has revealed that two out of nine committee members are now voting to cut interest rates — it needs needs a majority decision of five. that's caused the pound to continue its slide against the dollar. and it has helped the ftse 100 close at a record high for the third day in a row. bank of england governor andrew bailey says they need to see "more evidence" that inflation has eased further, but is "optimistic" things are moving in the right direction. and he said he didn't rule out a rate cut as early as next month. i certainly want to be clear. before our next meeting injune we will have two full sets of data for inflation activity and the labour markets and that will help us making a fresh decision. but saying that, let me clue clear. the rate in tokmak june is not a fait accompli, or ruled out. well, a cut in interest rates this summer would b
welcome to business today, i'm ben thompson. we start here in the uk, where the bank of england has kept the cost of borrowing on hold at 5.25%, but is inching towards a cut. the bank has revealed that two out of nine committee members are now voting to cut interest rates — it needs needs a majority decision of five. that's caused the pound to continue its slide against the dollar. and it has helped the ftse 100 close at a record high for the third day in a row. bank of england governor...
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May 16, 2024
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welcome to business today, i'm michelle fleury in new york, where all eyes are on the markets this morning. all three major share indices closed at new record highs on wednesday — after inflation figures boosted hopes that the central bank — the us federal reserve — may soon be able to start cutting the cost of borrowing. so, how will today's trading develop? we have already sen big gains for retailer walmart — more on that later in the programme. joanne feeney is a partner & portfolio manager at advisers capital management. why did the markets hit record highs yesterday? when people think interest rates will go down, why does that boost markets? the link between rates _ does that boost markets? the link between rates and _ does that boost markets? the link between rates and markets - does that boost markets? the link between rates and markets has i does that boost markets? the link. between rates and markets has never been clearer than the dynamics over the last year or so, with higher rates, the value of companies is lower because a lot of value comes from future earnings, higher
welcome to business today, i'm michelle fleury in new york, where all eyes are on the markets this morning. all three major share indices closed at new record highs on wednesday — after inflation figures boosted hopes that the central bank — the us federal reserve — may soon be able to start cutting the cost of borrowing. so, how will today's trading develop? we have already sen big gains for retailer walmart — more on that later in the programme. joanne feeney is a partner &...
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May 16, 2024
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stay with bbc news for the latest business headlines with business today. hello, there. looking at thursday's weather, we've got some, i think wet weather on the way to parts of england and wales with some thundery rain at times. on wednesday, here's the day of sunny spells and passing showers. some of those showers, mind you, were very heavy, for example, here in hebden bridge. but looking at the satellite picture, you can see a stripe of cloud just here, that's a weather front that stretches all the way into europe. there's our fronts. but bumping into that front, we've got this trough here, this line of very intense showers. you might get the sense that these areas of rain are merging together. well, i think that's exactly what's going on. and they will tend to run towards england over the coming hours. so weather wise, over the next few hours, not so much of an issue. we'll have some low cloud effects, some of our north sea coast, a few mist and fog patches here and occasional spots of rain or drizzle. drier weather elsewhere with temperatures around ten or 11 degree
stay with bbc news for the latest business headlines with business today. hello, there. looking at thursday's weather, we've got some, i think wet weather on the way to parts of england and wales with some thundery rain at times. on wednesday, here's the day of sunny spells and passing showers. some of those showers, mind you, were very heavy, for example, here in hebden bridge. but looking at the satellite picture, you can see a stripe of cloud just here, that's a weather front that stretches...
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May 21, 2024
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hello and welcome to business today. i'm steve lai. microsoft has unveiled a new range of personal computers that has generative ai capabilities built directly into its windows operating system. our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages, and something for creative times — for example, in microsoft paint, it draws an image based on your sketch. these are all powered with new ai chips to deliver longer battery life, and all this matters because today, most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to more processing power, that not only improves the data security, it's also more climate friendly.
hello and welcome to business today. i'm steve lai. microsoft has unveiled a new range of personal computers that has generative ai capabilities built directly into its windows operating system. our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you...
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May 17, 2024
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welcome to business today, i'm tadhg enright. the government in china has announced what it describes as "historic" steps to stabilise its embattled property sector. the move should calm international nerves about what a chinese property crash would mean to the rest of the world. we've been reporting for some time now on the problem. real estate is the one investment that most people in china are able to make and developers have been building masses of new homes in expectation of that continuing, but investor confidence has faded. there is a glut of unsold homes and some big developers are at risk of going bust. beijing's housing ministry is planning to buy some of those apartments, relax the rules on mortgage borrowing and step in to put the finishing touches on unfinished units. separately, one of those big developers, country garden holdings, was today given another four weeks by the high court in hong kong to sort out its $190 billion of debts before hearing a petition from debtors to wind the company up. duncan wrigley, chie
welcome to business today, i'm tadhg enright. the government in china has announced what it describes as "historic" steps to stabilise its embattled property sector. the move should calm international nerves about what a chinese property crash would mean to the rest of the world. we've been reporting for some time now on the problem. real estate is the one investment that most people in china are able to make and developers have been building masses of new homes in expectation of that...
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May 12, 2024
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hello and welcome to business today. i'm steve lai. let's begin in china, where the latest data showed that inflation is starting to pick up. consumer prices rose for a third month in a row in april, which signals a comeback in demand. while much of the world has been battling the cost of living crisis, the world's second biggest economy fell into deflation last year, that means prices fell. beijing has announced measures to boost consumer confidence. over in the us, it's a very different story — all eyes are on the latest inflation figures out this week because if consumer prices rise too quickly,
hello and welcome to business today. i'm steve lai. let's begin in china, where the latest data showed that inflation is starting to pick up. consumer prices rose for a third month in a row in april, which signals a comeback in demand. while much of the world has been battling the cost of living crisis, the world's second biggest economy fell into deflation last year, that means prices fell. beijing has announced measures to boost consumer confidence. over in the us, it's a very different story...
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May 22, 2024
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he's in parliament today, which is quite incredible. i'll be back with business today. inflation figures are out this morning. i'll be back injust a moment. hello, thanks forjoining me. we had wet weather today but wednesday will be a wash—out for some of us. persistent and heavier rain at times and it's starting this evening. now, here's the forecast. it's already been quite wet in east anglia and the southeast. the rain will spread into the midlands through the night. it will nudge into the peak district and then spread into northern england by the early hours of wednesday morning. could reach eastern parts of wales, too. but scotland and northern ireland, apart from a few showers here and there, actually looking generally dry. so tomorrow's forecast then. this is the morning — a widespread area of rain. we'll zoom in and see what's happening around three or four in the afternoon. by that stage, the heaviest of the rain will have cleared east anglia, the southeast and along the southern counties, blustery winds and occasional showers. so here's that persistent rai
he's in parliament today, which is quite incredible. i'll be back with business today. inflation figures are out this morning. i'll be back injust a moment. hello, thanks forjoining me. we had wet weather today but wednesday will be a wash—out for some of us. persistent and heavier rain at times and it's starting this evening. now, here's the forecast. it's already been quite wet in east anglia and the southeast. the rain will spread into the midlands through the night. it will nudge into the...
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May 27, 2024
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welcome to business today, i'm mark lobel. is on the second day of a state visit. he's there to meet chancellor olaf scholz for talks aimed with the us and china. the two european heavyweights want to advance plans for an eu capital markets union. that's to get investments and savings flowing across member states. however negotiations have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so—called single market for capital to becoming a reality? let's get the thoughts of vim mice. he's ceo of the european banking federation in brussels. this, like many things in europe, it doesn't come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it's not only the talk of macron and schulz, there are several high—level reports that really want to make this real. what's so important is that we really get a move on and the practical side, because we've done all the analysis, we've done all the regulation, and now we need to move onward.
welcome to business today, i'm mark lobel. is on the second day of a state visit. he's there to meet chancellor olaf scholz for talks aimed with the us and china. the two european heavyweights want to advance plans for an eu capital markets union. that's to get investments and savings flowing across member states. however negotiations have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so—called single market...
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May 7, 2024
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and that's it for this edition of business today. thanks for watching. i will be back in about an hour's time with more business news for you. see you then. hello and welcome to sportsday. i'm jane dougall. they were the underdogs, but borussia dortmund are through to the champions league final after beating paris saint—germain in their own back yard. and who will they meet? could it be an all—german final? bayern munich play real madrid on wednesday in the second leg of the other semifinal. plus, we hearfrom an emotional olympic marathon champion eliod kipchoge, who says he feared for his family's safety after trolls wrongly blamed him for the death of a rival. welcome to the programme. well, despite the home side hitting the post six times across both legs of the semifinal, paris saint—germain failed to score and are out of the champions league. it's borussia dortmund who will play in the final at wembley on the 1st ofjune after a breathtaking second leg in france. dortmund went into the match 1—0 up from the first leg and scored on the night i
and that's it for this edition of business today. thanks for watching. i will be back in about an hour's time with more business news for you. see you then. hello and welcome to sportsday. i'm jane dougall. they were the underdogs, but borussia dortmund are through to the champions league final after beating paris saint—germain in their own back yard. and who will they meet? could it be an all—german final? bayern munich play real madrid on wednesday in the second leg of the other...
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May 20, 2024
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you are with business today on bbc news. to india now, where it's an important day, as the world's biggest election crosses the halfway mark. today, the fifth phase of polling kicks off, with people in the financial capital, mumbai, casting their vote. home to some of india's richest, mumbai is the key economic hub, driving the nation's economic policy. so what is at stake? archana shukla is at a polling station in mumbai for us. a really big day there. a huge diplomatic effort, and a huge democratic effort to get people to the polls, and it is an important one from a business point of view, particularly in mumbai?— point of view, particularly in mumbai? ~ , �* ., ., mumbai? absolutely. i'm at a ollin: mumbai? absolutely. i'm at a polling station _ mumbai? absolutely. i'm at a polling station here _ mumbai? absolutely. i'm at a polling station here in - mumbai? absolutely. i'm at a polling station here in the - polling station here in the central part of mumbai, and we are —— people are queueing up to elect one of th
you are with business today on bbc news. to india now, where it's an important day, as the world's biggest election crosses the halfway mark. today, the fifth phase of polling kicks off, with people in the financial capital, mumbai, casting their vote. home to some of india's richest, mumbai is the key economic hub, driving the nation's economic policy. so what is at stake? archana shukla is at a polling station in mumbai for us. a really big day there. a huge diplomatic effort, and a huge...
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May 24, 2024
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today. relations between belarus and russia are of a strategic nature; there is truly close interaction between our countries in a variety of areas, from regional cooperation to space. it is the presidents who set the questions. tone of this cooperation, at the meeting at the airport the leaders confirmed that they intend to discuss security issues first of all, and continue the dialogue on economic issues with the participation of members of the government, that’s what the presidents said at the airport the night before, i was driving and thinking, this is the tradition that we always don’t have time to start negotiations during the day, we always wait until midnight, well , i think it’s okay, you’re just having a hard day today. with the king of bahrain, difficult negotiations, difficult, pleasant, pleasant, well, thank god, it means you made some friends, so i welcome you to your native belarusian land, the belarusian people will be very glad to know that you came to us after the
today. relations between belarus and russia are of a strategic nature; there is truly close interaction between our countries in a variety of areas, from regional cooperation to space. it is the presidents who set the questions. tone of this cooperation, at the meeting at the airport the leaders confirmed that they intend to discuss security issues first of all, and continue the dialogue on economic issues with the participation of members of the government, that’s what the presidents said at...
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May 2, 2024
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first order of business today, a judge's ruling on four more gag
first order of business today, a judge's ruling on four more gag
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May 9, 2024
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hello and welcome to business today. i'm steve lai. let's begin with our top story. a former employee of boeing's biggest supplier has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds fuselages for the 737 max, which are then shipped to boeing's own plant for final assembly. speaking publicly for the first time, former quality inspector santiago peredes told the bbc that some managers actively tried to discourage him from flagging up flaws in half—finished planes. 0ur reporter theo leggett asked him just how many problems he would typically find on aircraft reaching the end of the production line. anywhere from 50 to 100, 200. you were regularly finding more than 100 faults on a plane that was being shipped? oh, yeah. and that's because ijust inspect certain areas. so in totality, with all the inspectors, if you total them out, yeah, you'd be over the hundreds. now, you were picking up on these faults, you were highlighting them, you were flagging them up to be repaired. what kind of response did y
hello and welcome to business today. i'm steve lai. let's begin with our top story. a former employee of boeing's biggest supplier has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds fuselages for the 737 max, which are then shipped to boeing's own plant for final assembly. speaking publicly for the first time, former quality inspector santiago peredes told the bbc that some managers actively tried to discourage him from...
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May 24, 2024
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live from london, this is business today. i'm lukwesa burak. we start with the music industry because live nation — the owner of ticketmaster — is being sued by the us department ofjustice and 30 us states. they want the concert promoter broken up, claiming it has too much power over live music events in the us. that — they say — has led to excessive prices and harmed the interests of artists and fans. live nation has hit back — calling the allegations baseless — saying the do] will lose in court because it ignores the basic economics of live entertainment. from new york, erin delmore reports. 1a years ago, the us government approved the merger with ticketmaster. since then, live nation has grown into a powerhouse, but the government is sueing and calling it a monopoly to squash competition. in a press conference on thursday, the attorney—general marek garland pointed to the exorbitant fees and technological failures that have angered concert—goers and artists and cold the company's conduct anti—competitive and illegal saying
live from london, this is business today. i'm lukwesa burak. we start with the music industry because live nation — the owner of ticketmaster — is being sued by the us department ofjustice and 30 us states. they want the concert promoter broken up, claiming it has too much power over live music events in the us. that — they say — has led to excessive prices and harmed the interests of artists and fans. live nation has hit back — calling the allegations baseless — saying the do] will...
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May 22, 2024
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hello and welcome to business today. i'm steve lai. it was another strong session on wall street with both the s&p 500 and tech—heavy nasdaq closing at record highs. which means a lot of focus will be on nvidia's quarterly report card which is due on wednesday. our north america business correspondent michelle fleury filed this preview. the s&p 500 and the nasdaq both closed at new record highs each rising more than two tenths of a percent. meanwhile the dow jones industrial average had a small gain after earnings from some big retailers shed light on how american consumers are faring. shares in macy's closed up faring. shares in macy's closed up 5% as its turnaround plan does appear to be working. however it did still see a drop in sales as shoppers continue to pull back on spending. that has been a big worry that they are feeling under pressure from rising prices. investors are turning their attention now to the giant chipmaker nvidia. it is inspect the to post another strong set of
hello and welcome to business today. i'm steve lai. it was another strong session on wall street with both the s&p 500 and tech—heavy nasdaq closing at record highs. which means a lot of focus will be on nvidia's quarterly report card which is due on wednesday. our north america business correspondent michelle fleury filed this preview. the s&p 500 and the nasdaq both closed at new record highs each rising more than two tenths of a percent. meanwhile the dow jones industrial average...
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May 11, 2024
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the duke and duchess have had a pretty busy — today. the duke and duchess have had a pretty busy second — today. the duke and duchess have had a pretty busy second day _ today. the duke and duchess have had a pretty busy second day here, - today. the duke and duchess have had a pretty busy second day here, they i a pretty busy second day here, they started by meeting members of a local organisation that they support cold nigeria unconquered, which helps wounded and injured servicemembers and veterans, and we know that is close to prince harry�*s heart. he took part then in a sitting volleyball game with a team and they were really enthusiastic, chanting team harry, team harry! afterwards, he and megan spoke to the families of those athletes, one girl offering the meghan her rows back saying she was really happy to be there. afterwards they attended a reception hosted by the ministry of defence, the ministry behind their visit to nigeria in the first place, and there the duke of sussex gave a recap of his visit to a military rehab ho
the duke and duchess have had a pretty busy — today. the duke and duchess have had a pretty busy second — today. the duke and duchess have had a pretty busy second day _ today. the duke and duchess have had a pretty busy second day here, - today. the duke and duchess have had a pretty busy second day here, they i a pretty busy second day here, they started by meeting members of a local organisation that they support cold nigeria unconquered, which helps wounded and injured servicemembers...