tv Asia Business Report BBC News October 25, 2023 12:30am-12:46am BST
12:30 am
a look at the us. we will take a look at a slew of tech earnings giving out is a snapshot on how business are doing and to a certain extent, economic recovery. first, we take a look at meta, the parent company facebook, instagram and whatsapp. a coalition of us states have sued meta, claiming facebook and instagram are harmful to young people's mental health. in response, the company said it was disappointed with the lawsuit and said it is committed to providing a safe environment for teens. providing a safe environment forteens. from new providing a safe environment for teens. from new york, providing a safe environment forteens. from new york, here is her business correspondent, michelle fleury. fix, is her business correspondent, michelle fleury.— michelle fleury. a group of 41 states and — michelle fleury. a group of 41 states and the _ michelle fleury. a group of 41 states and the district - michelle fleury. a group of 41 states and the district of - states and the district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed its products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without
12:31 am
parental consent. here's a tennessee attorney general. kids are particularly vulnerable, and this is an unbelievably sophisticated company using every technique they could identify to make their— they could identify to make their platform addictive. meta said it was — their platform addictive. meta said it was disappointed - their platform addictive. irr— said it was disappointed and that it was working to create a safer environment for teenagers using a taps, including 30 tools to support them and their families. a company spokesman said it was important to recognise that many teens find support and community on social media when they're struggling. this is an issue facing many social media companies, with legislators warning that today's action was just the start. today's action was 'ust the start. . . today's action was 'ust the start. , , ., , ., start. this is not singling out meta. social— start. this is not singling out meta. social media - start. this is not singling out meta. social media is - start. this is not singling out meta. social media is an - meta. social media is an industry— meta. social media is an industry plagued with exactly the same problem. as many of you may— the same problem. as many of you may be aware, we are in a litigation — you may be aware, we are in a litigation with tiktok right now _ litigation with tiktok right now. ,, . , litigation with tiktok right now, ,, ., , ., , litigation with tiktok right now. ,, ., , ., , ., ., . now. states are trying to force meta to change _ now. states are trying to force
12:32 am
meta to change features. - now. states are trying to force meta to change features. this | meta to change features. this lawsuit, the biggest of its kind so far.— kind so far. that was my colleague _ kind so far. that was my colleague michelle - kind so far. that was my| colleague michelle fleury kind so far. that was my - colleague michelle fleury for reporting from new york on meta. a number of other tech companies have released their quarterly results early on. let's run you through some of the ones that are coming in. google's parent company has reported an11% growth in the quarter ending september. thus the first time in over a year that the company has posted growth in double digits. bolstered mainly by advertising revenue. but the cloud business had missed analyst expectations, sending shares down about 6%. microsoft cloud services on the other hand had boosted the company profits. revenue group for i3% injuly — september quarter compared to the same period last year. in october, the company completed its purchase of gaming giant activision lizard more than $68
12:33 am
billion. —— blizzard. social media companies posted 5% growth in revenue, sending shares by as much as 20%. that's dipped a little bit after the company said it will not provide an official guidance for the last quarter, citing instability in the middle east. the company said its awesome pauses and many pause —— it's all many pauses. we will likely see this pump of warnings also this week and we will be tracking that. that's according to the managing director of venture capital. here's more. i director of venture capital. here's more.— here's more. i think those numbers _ here's more. i think those numbers are _ here's more. i think those numbers are pretty - here's more. i think those i numbers are pretty indicative of what we're going to see through the end of this quarter. the interesting thing about both meta and alphabet
12:34 am
and microsoft, those numbers, the reality is they weren't bad. and yet, being a little bit over or a little bit under on that cloud spend made for a very, very different after hours trading session. what are ou likel hours trading session. what are you likely to _ hours trading session. what are you likely to see _ hours trading session. what are you likely to see from _ hours trading session. what are you likely to see from meta - hours trading session. what are you likely to see from meta on | you likely to see from meta on wednesday us time? ladle you likely to see from meta on wednesday us time?— you likely to see from meta on wednesday us time? we will look at the same _ wednesday us time? we will look at the same things, _ at the same things, particularly when it comes to the guidance around advertising, what happens for the fourth quarter in the middle east. it's going to have a huge impact on ad spend. it might be good for inapt time, people might be on their platforms more. i don't know if it's going to be great for advertiser dollars. i think that's going to be a big part of the story that meta is telling us. one interesting thing is when everyone was talking about al, you would hear a lot from meta about al as well. i don't know if llama is going to feature as
12:35 am
prominently. i think it's going to be more about the fundamentals and how often people are using their platforms. i doubt we'll hear break—out numbers around threads, even though it does seem there's been an uptick in usage there. we will have to wait and see until they get big enough on threads. you mentioned _ enough on threads. you mentioned ai, - enough on threads. you mentioned ai, and - enough on threads. you| mentioned ai, and much enough on threads. you mentioned ai, and much more needs to be done in the context to make that a bigger contributor —— what more? i think it needs a business model. right now, you have companies that don't actually make a tonne of money from their ai businesses. they like to talk about them for things like microsoft. it's been a huge help for their stock price this year. their investment in open ai, chat gpd into bing. when you look at their revenue, there aren't that many users
12:36 am
subscribing to chatgpt and that has kind of trailed off. there hasn't yet been a killer feature with al that turns around and drives revenue higher. 0nce around and drives revenue higher. once that happens, i think will hear a lot more about the reality of ai working rather than just the promise. to india, whereas stopped the list of country where people are seeking citizenships. 0ur india business correspondent reports. india replaced china as the main source of migrants to the block in 2021, and has since maintained that position. it's had 4007000 people making up for about seven points of percent of the global flow ——
12:37 am
7.5%. this figure excludes students, but indians were also the second largest pool of international students following china. in fact, the number of students from india has doubled since 2014, according to the report. apart from education, a number of bilateral agreements in advance have lit to the group. portugal, germany and australia have concluded such agreement with india —— have also led to the growth. also has signed previously with finland, france and the uk. it also showed india accounted for a tenth of the total applicants for passports, officially offering citizenship. the vietnam world bank says demand for its goods and services has led it to downgrade the micro force gas from over 6% to 427%. the chief
12:38 am
executive of a bank locally says there is interest from investors. says there is interest from investors— says there is interest from investors. we are talking to foreian investors. we are talking to foreign investors _ investors. we are talking to foreign investors for - investors. we are talking to foreign investors for our - foreign investors for our own... i think the apple site is coming back. —— the appetite. we also see that people are willing to... we're seeing money looking over the big projects. seeing money looking over the big prejects-— seeing money looking over the big projects. big pro'ects. how would you say that big projects. how would you say that translates _ big projects. how would you say that translates onto _ big projects. how would you say that translates onto the - big projects. how would you say that translates onto the loans i that translates onto the loans sector? i that translates onto the loans sector? ~ , that translates onto the loans sector? ~' , ., sector? i think they are actually _ sector? i think they are actually able _ sector? i think they are actually able to - sector? i think they are actually able to give - sector? i think they are i actually able to give credit sector? i think they are - actually able to give credit as an industry. so, i think there is an ability to actually start funding much bigger parts of the economy compared to what they have right now. that means we don't need to get the money to the large profits, which are
12:39 am
also funded, but we could go to other sectors. that should help. ii other sectors. that should hel . ., , other sectors. that should hel _ ., , , other sectors. that should hel. , other sectors. that should hel. ., , help. if i may put you on this, what distinguishes _ help. if i may put you on this, what distinguishes vietnam i help. if i may put you on this, | what distinguishes vietnam as help. if i may put you on this, l what distinguishes vietnam as a market? ., ., market? right now, where we are in terms of _ market? right now, where we are in terms of gdp _ market? right now, where we are in terms of gdp per _ market? right now, where we are in terms of gdp per capita, - market? right now, where we are in terms of gdp per capita, i - in terms of gdp per capita, i would expect over the next ten years, we reach somewhere the level of where china is today. if you then think about the penetration... digitisation is just a way to reach customers in a very different way in what they're in a very different way in what they�* re currently in a very different way in what they're currently doing. if you see daily active users, it's up roughly four times. people are willing to buy products not just digitally, but buying products to visually. —— digitally. again, we see tremendous openings from
12:40 am
customers. tremendous openings from customers— tremendous openings from customers. that's it for this addition of _ customers. that's it for this addition of asia _ customers. that's it for this addition of asia business i addition of asia business report. stay with bbc news, and thanks for watching. bbc news, bringing you different stories from across the uk. rana granger manages bridgend council's safeguarding hub, where social services, police, education and health come together to deal with calls asking for support or expressing concern about children. she, along with colleagues, have to ensure that their responses are safe and appropriate. i love myjob. i want to do a good job. yeah, it's not lost on me. the sense of responsibility that comes with being a group manager for safeguarding. bbc wales research shows that that responsibility has increased across wales. the number of contacts into children's services increased in all but three of 20 councils
12:41 am
compared with last year. what we've had to do as a local authority is significantly increase our workforce, particularly our workforce in the front door and through into our locality teams. but that comes at a cost. bridgend children's services overspent by seven and a half million pounds this year alone. the deputy minister for social services met councillors to hear their concerns about the pressures on care. the welsh government added that they'd continue to work closely with partners on the challenges that services face. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. tonight — the uk living wage will increase next year. a change to the tinder app. and llamas on the loose.
12:42 am
but first, as the israel gaza war continues, an elderly woman has been released by hamas after being held hostage. yocheved lifschitz�*s daughter described the moment her mum was kidnapped. while she was being taken, she was hit by sticks by shabab people. her husband is still being held hostage. meanwhile, tuesday's expected humanitarian delivery to gaza has been delayed, but the un warns its aid operations will end if fuel supplies don't arrive. some other stories now. a bbc investigation has found that the government failed to act on multiple warnings about a website promoting suicide. at least 50 people in the uk took their own life after visiting it. the government says that the new 0nline safety bill should tackle these kinds of sites. the uk living wage will increase to £13 an hour in london. under the voluntary scheme, employers can choose to pay workers at a higher rate than the government—set minimum wage. we've all got mates
12:43 am
who love a swipe on tinder. well, the dating app is changing by letting friends and family recommend potential matches. the feature means users can give others access to their accounts for 24 hours. just imagine at the chaos. time now for ten seconds of llamas on the loose in cumbria, bringing traffic to a standstill after they escaped from a farm. they are on a mission, aren't they? just look at them, go take it over the road. just look at them go, taken over the road. thankfully, they are back to safety now. you're caught up now. see you later.
12:44 am
hello and welcome to sportsday. i'm tulsen tollett. drama in the champions league as manchester united get their first group stage win, but only after copenhagen miss a stoppage time penalty. quinton de kock shows his class as south africa ease to victory against bangladesh at the cricket world cup. and four days out from the world cup final, world rugby announces a brand new tournament that signifies a new era for the sport.
12:45 am
welcome to the programme, where we start with the champions league, and after back—to—back defeats, manchester united have finally picked up their first win of the campaign — but onlyjust. their match against fc copenhagen appeared to be heading towards a goalless draw, but it sparked into life when harry maguire put united ahead with 18 minutes remaining — his first goal since february 2022. but in the final seconds, copenhagen were awarded a penalty. however, andre 0nana saved jordan larsson�*s effort to secure all three points. players are stepping up and and getting their markers. from there, they built up the belief in harry mcguire, you see in andre 0nana. i think also there were others with good performances, and so if we produce that in the copenhagen game,
32 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on