tv BBC News BBC News October 26, 2017 5:45am-6:00am BST
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a populist vision for increased prosperity, but the newspaper says china's relationship with entrepreneurs is becoming increasingly strained. the guardian reports on technology giant apple's decision to hire jay hunt, who has held top roles at channel 4, the bbc, and whose credits include british hits such as sherlock, luther, humans, and gogglebox. it says her appointment signals apple's serious tv and film intentions, in a bid to keep pace with other major silicon valley firms. also in the guardian: patients recovering from surgery in the uk could be discharged from hospital to recuperate in private houses nearby, as part of a controversial nhs trial that could earn those renting out the rooms up to £1,000 a month. the scheme, which has been likened to airbnb, has been criticised by medical professionals and social workers, who warn it could lead to abuse and poor care. the daily telegraph business section looks at accelerating gdp growth in the uk, sparking hopes of a rate rise, which would be the first sincejuly 2007. millions of us citizens working overseas could see their tax bills
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lowered by an overhaul of the tax system, as republicans eye the elimination of a requirement for american expatriates to pay taxes both overseas and in the us, that is according to the financial times. and last, but not least, sophia the humanoid robot has been given citizenship in saudi arabia. so let's begin. speaking on the initiative she said iam very speaking on the initiative she said i am very honoured and proud of this distinction. i will do my best to make the world a better place. my apologies to severe for that terrible impression. my producers say she will be presenting news next. let's hope not. all humans, and no robots. joining us now is rolake akinkugbe, the head of energy and natural resources at fbn merchant bank.
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thank you very much forjoining us. good morning, iam thank you very much forjoining us. good morning, i am sofia. in that story has been going for a few days, the congress in china. this is looking specifically at what happens with private enterprise. it seems like xijinping with private enterprise. it seems like xi jinping wants with private enterprise. it seems like xijinping wants his cake and to eat it as well. he wants businesses to grow and provide wealth but on the party's terms, it seems. and this is an interesting story as it is also in the context of his recent re— election as party secretary for a second term. so we are seeing his bid to consolidate his political position, and now a focus on domestic private enterprise. the truth is, the communist party for many, many decades, has promoted the advent of growing chinese companies more than medium size enterprises, their forays into overseas markets, but here is a push to focus on state
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owned enterprises. i guess when you look at the rise of chinese companies like tencent bands alibaba, who companies like tencent bands aliba ba, who have companies like tencent bands alibaba, who have become part of the opening up of china, it wouldn't be a surprise that he is wary and wants to balance that particular emergence. but i think it is a clear sign that the domestic entrepreneurial market in china is evolving. it is thriving, and that may be a tool for actually opening up may be a tool for actually opening up and liberalising aspect of the chinese market. especially when you look at some of the big tech companies. of course you have facebook and google, but tencent, alibaba, chinese —based businesses whose growth is quite extraordinary. i think that growth is also inspiring the next wave of companies. look at what alibaba, for instance, jack ma has done with that company. the way it has increased its breach both in china and
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elsewhere. but china needs to boost growth. there has been a retrenchment from global markets to focus on domestic growth, and you can't curtail the rise of these companies if you are serious about promoting growth in other areas. difficult balancing act, whether to keep your shareholders happy or the communist party, that is the question. looking at the guardian, this airbnb for hospital sounds like desperation, or an inspired this airbnb for hospital sounds like desperation, oran inspired idea? this airbnb for hospital sounds like desperation, oran inspired idea7m depends how you look at it. the idea of bed locking has been a problem for the nhs. the argument is that those who need critical care are starved of places to sleep, so outsourcing to private homes. there isa outsourcing to private homes. there is a bit of an intermediate structure, because it is not the nhs negotiating directly with host is, negotiating directly with host is, negotiating directly. there are companies which are taking care of this new proposed structure. many people are wary of the potential issues around security, perhaps, and
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ensuring that hosts are properly trained. it also raises the question, in my mind, about the costs of running the nhs and how this outsourcing model may have lots of criticism from many quarters. there is another story on the front of the guardian which caught our interest. apple hiring jay hunt, a big name in broadcasting, and many seeing it as apple really trying to make its mark on the production side of not just buying make its mark on the production side of notjust buying in and licensing tv co nte nt, of notjust buying in and licensing tv content, but making its own. yes, and moving to this original creative content. the truth is, apple has trailed the likes of google and amazon, other tech giants, trailed the likes of google and amazon, othertech giants, in trailed the likes of google and amazon, other tech giants, in terms of moving. they have dragged their feet, haven't they? they have, and jay hunt, who is behind the great british bake—0ff, it actually highlights the fact that apple is
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serious about broadening its appeal in this particular tv market. like amazon they could be the next titans of these industries, because they have fingers in a lot of other pies, just like amazon do. so they could be the next players. i think they could be, but it is an interesting trend. gdp growth picked up, some say blink and you could miss the difference. it went from 0.3% in the last quarter to 0.4% in the most recent quarter, so small steps, but some saying this could lead to a rise in interest rates when the bank of england meets next week. rise in interest rates when the bank of england meets next weekm rise in interest rates when the bank of england meets next week. it could lead to a rise in interest rates, the first ride since 2007, more than a decade. at the whole thing i would say, while these figures are not to be scoffed at, the growth trend has to be sustainable over time. i was listening to your previous speaker talking about the ecb easing its
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bond buying programme, but it has to bea bond buying programme, but it has to be a cautious approach. so there is a possibility it will give further wind to those who feel we shall see a rate rise. rates at 0.25%, the lowest they have been for a long time, and we have seen the pound react positively to this move, potential signal to the markets. a good call for manufacturing and the services sector, but i think the trend will need to be watched at times. november two we will see what they will do. moving to the ft, potentially good news for us expats. for a long time they have been hit twice by tax. absolutely, and the funny thing is i was talking to a friend of mine back in lagos, who is an american citizen and when he was negotiating his salary package with his employer locally, he was much more aggressive when negotiating because of being taxed in nigeria as
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aus because of being taxed in nigeria as a us citizen and paying taxes back home above the $100,000 threshold. this is welcome news. both the republicans and the democrats seem to be behind it and the argument is really from moving from a citizenship based tax system to a residency based tax system. and i think there is a strong argument for that, really, about boosting the prospects of americans and american companies. although you could make the argument that actually if people are in this position at the moment and they are able to afford to pay double tax, this tax cut is going to be helping some of the most wealthy. it could be, especially when the threshold is $100,000, which in even advanced economies you are considered middle—class to be earning that. it is notjust an individual tax review. it is also for the corporate world. it potentially hurt american companies working in other parts of the world. again, we will see how the politics as well actually influences this debate, because that is a very good
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point as well. let's end with this news. and ben and i watched a video, she did an interview on television, and he did a pretty good impression of her. is this the way we are going to be looking at people? saudi arabia, this is on the back of an investment conference, and we know about the advent of artificial intelligence robotics. there is clearly a need to boost this in the saudi market and this is a broader strategy to focus on key sectors such as technology. interestingly, this came in on the back of discussions with japanese investors and japanese government around investment and technology in saudi arabia. i think there are around $400 billion in investments being made. thank you very much for joining us. that's it from me and ben. we will see you soon. hello there, good morning. there are some significant changes to come over the next few days. once again, though, on wednesday, it was another mild day, with much more sunshine around, and we saw temperatures as high as 20 degrees in the south—east.
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but over the next few days, for all of us, the wind direction is going to change. it's going to drag down some colder air, as well. but at the moment, this weather front is on the scene. having moved southwards, it's now moving northwards, dragging misty, murky, damp weather into england and wales. north of that, though, clearer skies in scotland. but enough of a wind to prevent the temperatures getting too low, and across the far north of scotland, we've got some more showers. lighter winds for northern ireland, could be some patchy mist and fog early in the morning here. cloud spilling into northern england, bit of dampness around too. a damper start with much more low cloud across wales, the midlands, towards east anglia, too. some hill fog likely. more general low—level fog in the south—east, where there's not much wind to stir things up at the moment. but it may well brighten up across southern counties of england, and turn out to be another mild day. and we've got the sunnier skies in scotland, away from the northern showers. more sunshine for northern ireland, perhaps the far north of england, but in between, a zone of much more low cloud. temperatures lower than they were yesterday, and we could see a little rain and drizzle through much of the day
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across east yorkshire and lincolnshire. that weather front, though, is weak, and it is going to get pulled apart as high pressure builds in overnight into friday. and it's going to drag down, with that high pressure, some drier air and clearer skies, so more sunshine on the way on friday. but a chilly start, maybe a touch of frost on the grass, from wales, the midlands, northwards, some early mist and fog, too, but otherwise a brighter day. more sunshine, and temperatures where they should be for this time of year. things change again on saturday. you'll notice the wind really starting to pick up. there'll be more cloud around. there's likely to be some showers around, too. it's all because an area of low pressure is running close to our shores. that, though, is going to dive its way into europe, and bring some really wet and windy weather into much of europe this weekend. the position of this high pressure behind that is crucial, because it means for us, on sunday, we're going to get more of a northerly wind, and that is going to drag down some colder air across the uk.
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you will notice it feeling much, much chillier, especially in the wind, which will be strongest down the eastern side of the uk. temperatures 13 or 14 in the south, but struggling to 8 or 9 in the north, where there may be one or two showers. as the winds drop out overnight, we could start quite frosty, particularly in the countryside, on monday morning. hello. this is breakfast with charlie stayt and naga munchetty. the human cost of mental illness in the workplace. 300,000 people a year lose theirjobs every year. a new report calls on businesses to look after their workers better. two million staff in the nhs and civil service will be given immediate support. good morning i'm live at this while mail sorting office to make out what businesses large and small make of these recommendations. good morning.
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