tv Asia Business Report BBC News September 27, 2023 12:30am-12:46am BST
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a historic visit — the us president joins the picket line of auto workers on strike in michigan and declares his support for their struggle. and... hello and welcome to asia business report. i'm arunoday mukharji. we begin in michigan where the us president has made a historic visit to a picket line of auto (00v) while us lawmakers 7 and presidential candidates 7 industry workers. while us lawmakers 7 and presidential candidates 7 frequently appear at strikes to express solidarity with american workers, it is considered unprecedented for a sitting president to do so. biden�*s visit comes a day before his would7be challenger, donald trump, is due to arrive. there's concern that the strike targeting three major us car
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companies could dent growth in the world's largest economy. still, the us president backed the striking workers�* call for a 40% pay raise, telling them they deserve a "lot more" than they are getting. you deserve the significant raise you need, and other benefits. get back what we lost, 0k7 it's about time they step up for us. wall street didn't build the country. the middle class built the country. unions built the middle class. that's a fact! so let's keep going. you deserve what you've earned, and you've earned a hell of a lot more than you're getting paid now. thank you very much. now, the biden administration has also been taking aim at the us tech sector. the competition regulator, the federal trade commission, has filed a lawsuit against amazon accusing it of protecting its market dominance in online retail at the expense of consumers and third 7 party sellers. our north american business correspondent erin delmore has
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it's a case that has been in the works for years under the watchful eye of ftc chair lina khan, who made her name in the antitrust world with a blockbuster 2017 legal paper detailing amazon's monopoly footing. on thursday, khan's ftc struck its widest blow against amazon, yet a sweeping lawsuit alleging the company stifled competition in its online marketplace. 17 statesjoined in. the lawsuit challenges a bunch of amazon's business practices, including prioritising its own products and search results ahead of ones by third party sellers and anti discounting measures that ensured sellers list and anti—discounting measures that ensured sellers list their lowest prices on amazon and requiring sellers to use amazon's network of delivery services as a condition of being included in its popular prime subscription service. rivals, according to the ftc, just couldn't compete. but amazon rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very practices. amazon's share price fell
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on the news, but is still up year to date. the case is the latest in a wide ranging effort in washington to rein in the power of big tech and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and while the ftc says it's seeking an injunction blocking amazon's, quote, unlawful conduct, it also raised the specter of a restructuring. this information of 6 big social networks. it examined over 6000 unique social media posts, tick—tock, x, and youtube. which are deemed particularly at risk to disinformation due to elections
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or proximity to the disinformation due to elections or proximity to the war disinformation due to elections or proximity to the war in ukraine. let's zoom in on a company nearly everyone uses to search the web. google is marking its 25th anniversary at a time when the tech sector is being disrupted by the widespread roll? out of artificial intelligence. platforms like chatgpt have been dubbed the �*google killer�* because of their ability to answer user questions. earlier i spoke to google�*s president for the asia pacific region and he told me how google is performing in the race to develop ai applications. it certainly fueled the whole company with a lot of enthusiasm and a lot of excitement. and we have looked at al has being pretty pivotal to the future of technology for a number of years, we announced backin a number of years, we announced back in 2016 that we were aspiring to be an ai1st company. and with organizations such as a deep mind, the extraordinary work that goes on
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within the organization, or google search function, i think, and we hope, that what consumers are, our partners will see in the field of ai will see in the field of ai will feel the excitement going forward as in terms of what is possible. let's turn to china's property market because troubles keep piling up for property giant evergrande. 0ur asia business correspondent nick marsh has the latest. more bad news forever grant, even though they are shares are practically worthless at the moment, they have still managed to lose over 25% of their value just this week. on monday, a very complicated debt restructuring plan collapse after every grand revealed that after every grand revealed that a regulatory probe, the real estate group. and now they've confirmed that would they've defaulted on more than half $1,000,000,000 worth of money which is owed to their overseas creditors, plus we are hearing reports in china, unconfirmed
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by the bbc, that several former and current executives including the former chief executive have been detained by the chinese authorities. this has all the hallmarks of a slow, managed decline of a company, let's not forget, that owes more than $300,000,000,000, much of which is owed to people in china still waiting for their unfinished homes to be built. but it's this overseas debt which is putting their survivor down these forward creditors have managed to force a hearing in hong kong at the end of october and if an agreement isn't reached before then, then liquidation is a real possibility. and now to india, where tech giants like apple and samsung are breathing a sigh of relief after several media reports hinted that a proposed curb on the import of laptops and tablets is likely to be deferred. it comes after back in august the government said it would be restricting laptop imports in order to boost local production. archana shukla reports on what
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this means for the industry. the move is likely to defer restrictions for much longer, but also in the interim people get a close watch on where these laptop pcs and it hardware �*s are being imported in. it will be a relief for apple, samsung, dell, and hp which sell these products in the indian market, $8,000,000,000, and it will give them time to prepare for these important curbs kick in. some reports say it could, however the government hasn't given a indicative plan on that. august government had input curbs. most of the laptops and sold in india are imported. still not robust, and traders say there is a lack of local supply chain for confidence that are needed like
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chipsets, motherboards, and even batteries in certain cases. although india has been aiming to go grow as an electronics manufacturing hub, to be an alternative for china for global companies that want to diversify, it has seen success in smartphone or manufacturing, apple and samsung and the likes are expended, but the incentives came for it hardware manufacture, fewer takers initially. the government's decision to curb importance was ill—conceived at the least. localize assembly of these devices in india, because report saying going forward the government would be tracking the imports versus localization efforts of these companies. and before we go... we need more female role models in the workplace. that's according to vivien wong, the co7founder of little moons, the ice cream snack maker. the entrepreneur spoke to the bbc for the latest of our paths to success series. 1 thing
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1thingi 1 thing i wish i knew before i started running my own business isjust started running my own business is just how all—consuming it could be, and the most wonderful way because this is your baby, you live and breathe it. some of the hurdles that we faced in little moons is growing too quickly, we weren't ready to meet the demands they came our way so you just have to be ready to pave it and do everything you can to adjust your strategy, everything you can to adjust yourstrategy, pulling everything you can to adjust your strategy, pulling your team, and just be agile in how you respond to unexpected events. i feel like there's a huge amount of response ability to try and affect change, to see how hard it is for women in the corporate structure where it is quite structured. allowing people time off to work, for children, family, just for life, i didn't have the
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confidence to ask for a pay rise when i worked for a corporation. it's really important for me to set an example, there were no labor laws to support women when they had children, so she was forced out of herjob and was forced to start her own business. it's such a force for good, women's confidence is something that limits us and we need to build our confidence, self belief. we need role models from a diverse background, age, ethnicity, if you can't see it you can't be at and we really need more female role models so people, women can see we can do it. and that's it for this edition of asia business report. thanks for watching.
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hey, i'm dylan with the catch up. first up, a top doctor says telling people vapes are 95% safer than smoking caused chaos and encourage the underage teens to take up vaping. government experts put out the message in 2015 to try to get people to quit cigarettes. doctors say even though vaping is safer than smoking, more research is needed on the long term effects. more than one in 1016 to 2a
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year olds vaped last year, more than one in 10 16—24 year olds vaped last year, although it's illegal for the under eight teens. this expert says it's an epidemic. absolutely shocking that we've allowed that to happen. we've got it wrong. and that means we have to change some other stories now. and the liberal democrats have been outlining their plans for if they win the next election. party leader sir ed davey told their annual conference that voting reform, economic growth and ending delays in cancer treatment would be top priorities. the racing driver, jessica hawkins, has become the first woman to test a formula one car in almost five years. she completed 26 laps in an aston martin f1 car last week. a woman hasn't started in a grand prix since 1976. and spotify ceo says he has no plans to ban content created by artificial intelligence. the platform previously deleted a song that used ai cloned voices of drake
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and the weekend, and finally his ten viral seconds. taylor swift was spotted leaving the kansas city chiefs game at the weekend with her new rumoured love interest, the american footballer, travis kelce. she was also seen sitting with his mum during the game that set the internet alight. that's it from me. you're all caught up.
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hello and welcome to sportsday. i'm betty glover. here's what's coming up in the show... england were beaten two one by the netherlands in the women's nations league. europe look to use home advantage to recapture the ryder cup. and we meet test driver looking to inspire the next female formula one star. we start with football and the women's nations league, where england were up against the netherlands in utrecht, a match which for england boss serena wiegman held extra significance as she returned to her home nation and former employer. but it ended up a night to forget as england lost 2—1.
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