tv Business Briefing BBC News May 21, 2019 5:30am-5:45am BST
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this is the business briefing. i'm sally bundock. putting huawei on hold. the us gives a temporary repreive to its sweeping restrictions on the chinese telecoms giant. and ahead of the european parliament elections, we visit a scheme in the netherlands where refugees can train in skills that are in short supply. and on the markets us tech shares sank overnight on wall street
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as investors weigh up the google restrictions on huawei — stocks today in asia are mixed. we begin with some short term relief for huawei — the us has delayed imposing restrictions on exports to the chinese telecoms company for 3 months to help existing customers. the commerce department has temporarily restored huawei's ability to maintain its networks and provide software updates in the us. however, google says it will no longer service the android operating systems in huawei devices. also the chinese company will still be prohibited from buying american parts and components to make new products without license approvals. applications will most likely be denied. huawei says it's been preparing for hostility from washington by reducing its reliance on supplies from the us. it says it bought $70 billion worth of components from 13,000
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suppliers around the world last year. and the company adds the us's justification for it's actions, that it is security related, is false. they are citing this as being a security issue but it's not, it's all chimed —— tied to the china us trade negotiations. and just within the last hour huawei founder ren zhengfei shrugged off us attempts to block his company's global ambitions, saying the united states underestimates the telecom giant's strength. fergus hay, ceo of leagas delaney joins me now. now. everyone is pouring through the detailed daily on the relationship between huawei and the us. give us the latest with google. the mobilephone categories completely penetrated, everybody has smartphones and phones, devices. the
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technology is pretty similar someone consumers are sitting there with a choice, they've got to choose based on the access the data and services of which now huawei on the back foot for the brand and the brand itself is not really been built with an emotional relationship. it's visible but not the same level. i can see now that huawei will face a short—term challenge. now that huawei will face a short-term challenge. interesting that in the united states, they've seen this three month reprieve because actually despite the fact the us is saying this is a security concern, we have to take action, out also take into account the some parts are cut off. wary of effectively seeing what the consumers are doing. when those two big nations take over each other, the really interesting thing is right now, wait until the discussion
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about 5g really starts. there is a warfor about 5g really starts. there is a war for the infrastructure. chinese technologies so far ahead in terms of 5g infrastructure and many call ita of 5g infrastructure and many call it a modern trojan horse. national security preside over this consumer demand for the fastest, most accessible data plans. and many would argue china is in it for the long game. they see this as a short—term hiccup. how do you see this playing out? it's a very, very long game versus the western mentality which is five year terms maximum. the chinese businesses are not going to stop, although growth is coming on the west of the moment so is coming on the west of the moment so they will look to develop their own products and services and looking at their own operating system, extremely hard to do, microsoft couldn't get it right. you could see a very interesting duopoly with access to the internet. it's so
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early this morning and we really appreciated. all of the papers, lots of analysis. you dig deeper a little later. immigration has been a controversial issue for european leaders in the run up to the european elections. as voters head to the polls on thursday, we visit a scheme in the netherlands where refugees can train in skills that are in short supply, with a good chance of securing a job. in the latest of our special reports this week, our economics correspondent andrew walker is in amsterdam, to speak to the first refugee to complete the programme. mohamed is 2a years old and a newly qualified electrician here working ona qualified electrician here working on a new housing development near amsterdam but he and his elder brother came as refugees to the netherlands, fleeing the war in syria. it was tough at first. you have to know if you can stay in this country or not in this process will
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ta ke country or not in this process will take a country or not in this process will takea minimum country or not in this process will take a minimum one year or two yea rs. take a minimum one year or two years. around the country, you don't know anybody here, you have no connections, no—one. know anybody here, you have no connections, no-one. but life is brighter now. he has a secure job and is settled here. integrating refugees has been a politically sensitive challenge across europe but many can and do make a valuable contribution to their host countries. the netherlands is enjoying sunny economic weather. living standards high, moderate government debt and unemployment close to the lowest in the eu but that rings its own problems for dutch business. certain skills are in very short supply and some companies are taking pretty unusual steps to deal with it. tessa runs a novel programme sponsors and supports training for it helps fill a yawning gap in the company's workforce. the shortage of missions poses a challenge for the entire
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energy sector so poses a challenge for the entire energy sector so it's hard to find experienced technical staff in the netherlands. for example, a mechanic in amsterdam can choose from 30 differentjobs. in amsterdam can choose from 30 different jobs. it was the programme of liander that gave mouhanad his chance to work as an electrician. of liander that gave mouhanad his chance to work as an electricianlj work chance to work as an electrician.” work here with a0 hours per week in the contract is for five years and when it's finished, there is a chance to have another one. it depends how you do your work here. the dutch government is watching to see if liander‘s scheme could be used more to fill a skills gap facing the economy. now let's brief you on some other business stories. the photo and video sharing site, instagram, says it is investigating reports that a huge database of its contacts has been shared online by an indian firm. according to techcrunch, a marketing company called chtrbox compiled information about a9
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million accounts which was stored online in an unprotected location. the data includes email and phone numbers. t mobile's $26 billion purchase of rival sprint has gotten the majority of support from the us federal communications commision. it's chairman came out in favor of the combination after the companies offered concessions, including selling sprint's boost mobile prepaid cell service. if the deal is completed, the number of us. wireless carriers would drop to three from four, with verizon and at&t leading the pack. the sheer amount of plastic being used by consumers is famously choking the oceans and destroying the environment. 0ne company is launching a new program today that sells products in reusable containers. consumers can order a range of goods from laundry liquid to ice cream, in containers that can be sent back to be cleaned and refilled.
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the program has buy in from big companies like unilever and procter and gamble. samira hussain got an inside look on how loop works. the recyclables come by barge and truck. 0ur obsession with waste is destroying the environment. melissa can get everything from her kitchen cleaner to ice cream in reusable containers. you start to think about the waste you are commentating on the waste you are commentating on the stuff you're putting in the trash. now you are saving all these bulky packages, things that are not recycla ble bulky packages, things that are not recyclable even. once melissa stops with her buttocks, she takes them back. just imagine how much less
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plastic we could use. this plant recycles plastics for the city of the new yorker. and just look at the sheer amount of waste. from purely financial point of view, we firmly believe that people will demand this type of change from companies, from retailers come from the industry around them. it may be that faith in reusable containers that finally overcomes the mountain of waste. samira hussain, bbc news, new york. that's it for the business briefing this hour but before we go, here are the markets. at the price of the price of oil edging higher again today. this on the expectation. it will extend
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production cuts beyond june. that is your business briefing. research on attitudes towards electric cars suggests that the majority of motorists in britain are not ready to buy one. more than half of those taking part in a trial by the not—for—profit transport research laboratory said they wouldn't invest in on as their main vehicle within the next five years. 0ur transport correspondent tom burridge reports. dad of two john dad of twojohn cook with his relatively new petrol suv. for now at least, he decided an electric car was not rightful family trips to
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cornwall and they have no offstreet parking. there is definitely an increased cost in buying electric and alsojust increased cost in buying electric and also just where you go to charge the cars, you know, we live on a street so it would be quite difficult to have a charge on our street. john is typical of uk consumers. new research suggests most of us are simply not ready to buy a trick. the nonprofit transport research laboratory gave 200 mainstream consumers full use of an electric car for four days. the experiment was repeated for similar petrol and hybrid models. afterwards, more than half said they would probably not buy an electric car is the first vehicle within the next five years. sales of the cars rose by ia% in britain last year. the smallest increase in any
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european country bar switzerland. the government denies that reducing its subsidy for electric cars has had a detrimental effect. we are getting lots of new electric cars onto the market and there is more competition. that is starting to bring prices down at that happens. it becomes better to spring the money over a wider group and that's what we've done. a lot more for you. coming up at six o'clock on breakfast dan walker and louise minchin will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: the former motor racing driver niki lauda has died at the age of 70. scientists are warning that sea levels could rise far more than predicted, due to accelerating melting in greenland and antarctica. now it is time to look at the stories that are making the headlines in the media across the world. we begin with the times, and uk chancellor philip hammond,
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who will launch a preemptive strike on borisjohnson today, warning that the next tory prime minister will not have a mandate to take britain out of the european union with no deal. meanwhile, the guardian says ethnic minorities in britain are facing rising and increasingly overt racism, with levels of discrimination and abuse continuing to grow in the aftermath of the brexit referendum. in the financial times, huawei is preparing to launch its own mobile phone operating system, after google said it would stop supplying it with its android software, amid an intensifying us—china trade war that has rocked global markets. the gulf news reports iran quadrupled its uranium enrichment production capacity amid tensions with the us over tehran's atomic programme. this development comes just after president donald trump warned tehran not to threaten the us again or it will face its official end. and finally, on the front
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of the telegraph, the university of oxford will offer places to students with lower grades from disadvantaged backgrounds for the first time. the radical scheme comes amid criticism from middle—class 0xford rejects and head teachers that private school students are being squeezed out by the university's diversity drive. with me is michaela bergman, who is a principal social specialist at the asian infrastructure investment bank. good morning. good morning. normally based in beijing, great to have you with us in london today. let's start with us in london today. let's start with the front page of the times, philip hammond, the chancellor, who is actually at the confederation of british industry. he will be talking there, and this is about what he will stay in his speech. yes, it
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