tv Verified Live BBC News October 25, 2023 4:30pm-5:01pm BST
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more on all those stories in a moment. time for a look at the business news now, with lukwesa. let's start with the tech giant nvidia, which says the us has told it to stop shipping some of its advanced artificial intelligence chips to china immediately. the ban was originally set to come into force in the middle of november, but has been moved forward by the white house. the new restrictions bar exports of nvidia's advanced ai chips, which had been designed for the chinese market to comply with earlier export regulations. michelle fleury is in new york for us. lovely to see you. nvidia is huge in the world of ai, they have around 70% of the ai chip market, a one—stop shop for al. is it either
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nvidia or china who will be hurt most by this, or neither? i nvidia or china who will be hurt most by this, or neither? i think what america — most by this, or neither? i think what america is _ most by this, or neither? i think what america is trying _ most by this, or neither? i think what america is trying to - most by this, or neither? i think what america is trying to do - most by this, or neither? i think what america is trying to do is l what america is trying to do is prevent china from getting this technology, or at least slow down its ability to grow its own industry, so they are trying to stop the transfer of knowledge, if you like, as well as the products. and we are seeing companies get caught in the middle of this battle between these two huge economic superpowers. nvidia as you pointed out, is a leading chip—maker, particularly when it comes to ai chips, and it has specifically tailored a product of the chinese market that complied with existing export curbs that the us had introduced. then it found out on monday that new curbs which would ban those chips being sold to china, the date for those coming into effect had moved forward. the company itself filed with regulators
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here saying it wouldn't have a major impact on its earnings, perhaps because may be reading the tea leaves it has been preparing for this. but certainly it is something companies in this area are having to tread very carefully as they make business decisions and business investments far out.— business decisions and business investments far out. tech companies are makin: investments far out. tech companies are making the _ investments far out. tech companies are making the headlines _ investments far out. tech companies are making the headlines today - investments far out. tech companies are making the headlines today on i are making the headlines today on this week. we will find out the results for meta later today. they are also facing criticism and a lawsuit. what can you tell us? we were lawsuit. what can you tell us? - were talking about al chips. a giant tech company like meta is involved in artificial intelligence and shareholders want to hear when it reports its earnings what it has to say about that. it is advert business, it makes a lot of money from advert dollars, that'll be carefully watched and scrutinised. going by what google said yesterday, it potentially bodes well for the
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earnings of meta. but the cloud hanging over the company right now is a filed yesterday by 42 attorneys general, and the federal and state lawsuits allege meta designed facebook and instagram products to keep young users on there for longer, and keep them hooked, essentially coming back again and again. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. we will see during the conference call with shareholders whether or not company executives give a sense of where we go from here and what their reaction to the lawsuit is. ~ ~ , lawsuit is. michelle fleury in new york, lawsuit is. michelle fleury in new york. thank— lawsuit is. michelle fleury in new york, thank you. _ to the european union now where they are hosting world leaders at their first global gateway forum — the eu's answer to vast infrastructure investments like china's belt and road. launched two years ago
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the 300 billion euro investment fund is aimed at developing emerging economies. here's the european commission president, ursula von der lyon. the fate of present and future generations depends more than before on the quality and quantity of the infrastructure that connects us all. investment in affordable clean energy, investment in digital infrastructure, investment to better equip our workers with skills that match the jobs of tomorrow. and that is why team europe has put forward europe's largest global investment programme ever. ursula von der leyen there. but there are questions over where the funding will come from as stefan legge — lecturer in economics at the university of
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st gallen — explains. it's unclear how exactly the 300 billion are supposed to come together. the eu doesn'tjust have 300 billion to spend. so there are two sources of finance, the details we have to see. one source is what's called team europe, that is the european union's own programmes but also the european bank for reconstruction and development, the european investment bank. so all of that should put together some part of the money. and the rest, well, it's hoped to be raising private financing. so at the moment european union supports certain investment projects or provides guarantees. the idea also is that the private sector will fill in much of that 300 billion budget. and, yeah, who is going to benefit? there is a whole list of about 46 countries right now. they are hoping to get the money. but then comes the conditionality that the european union wants to spread its values. it's notjust building roads and cables, it's about spreading values,
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and this is, i think, going to be the crucial challenge for the european union. pakistan international airlines says it has cancelled more than 300 flights in the past 10 days as it struggles to pay for jet fuel. the cancellations, both domestic and international, have left thousands of passengers stranded. the company is facing its worst crisis in history with the state oil company refusing to supply any more fuel over unpaid bills. 0ur pakistan correpondent, caroline davies, has the details. 0ur pakistan correspondent, caroline davies, has the details. it's not a big surprise or a piece of new information that pia has been struggling financially, but this is particularly difficult circumstances for it at the moment. things have really taken a turn for the worse in the course of the last week or so. so it's now cancelled 322 of its flights over the course of the last ten days. i was told by a spokesperson that number could rise to 340 by this evening. most of those, as you say, are domestic flights, but some
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of those are also international. what we understand the issue here is, that about a week ago, just over a week ago, that the pakistan state oil company which provides pia with its fuel said it would no longer be providing it with fuel unless it was paid up front, unless all those bills were paid beforehand, then it would provide fuel afterwards. and that's what pia has really struggled with. it's not been able to make those bills and that's why a lot of its aircraft have not been fuelled and that's why they have not been able to take off. we also had this confirmed from the pso earlier, they said that it's because of pia's financial challenges, and this gives you a clue about what the overall issues are here. short term, they don't have enough fuel. the reason they don't have enough fuel is because they've got major economic problems. they've got major cash flow issues and they've got enormous amounts of debt. and we understand from pia that they are now struggling to get banks in pakistan to lend to them. all of this happening when the company is about to be privatised as well.
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they might find some money for the short term but at the moment it's looking like even that could be a sticking plaster and there are a lot of bigger issues for pia that it needs to solve. let's turn our attention to hong kong now — which has announced a number of creative intitatives to boost its local economy. the government will offer hand—outs of $2,500 to parents of newborns and ease stamp duties on some home sales. 0ur asia business correspondent, nick marsh. has more details. this is a pretty frank admission from the hong kong authorities that things are not going well economically. in the long term, you've got the issue of the decrease in the workforce, droves of hong kongers have been leaving the city ever since the pro—democracy protests and then the subsequent crackdown with the national security law and then you've got the issue of foreign workers and companies, they have not exactly been replacing those workers leaving due to three
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really tough strict years of zero covid. so now the government has decided that they are going to give every family $2500 for every new baby born. in terms of the foreign workers and foreign companies, they are changing the rules to make it easierfor companies to relocate to hong kong. they are slashing the stamp duty to make it easierforforeigners to buy property in hong kong. if you have got a special talent visa, a lot of those go to people from mainland china, you won't have to pay any stamp duty at all. so an admission of an economic problem, obviously this isn't the end for hong kong, it's still asia's largest financial market. but when you consider that here in singapore the government has just doubled its stamp duty due to the huge amount of people who have been relocating from hong kong to here, pushing up the house prices, it does give you an idea if the sheer scale of the task ahead for hong kong.
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the founder of the collapsed cryptocurrency exchange ftx — sam bankman—fried — plans to testify in his defence at his criminalfraud trial, according to his lawyer. the high stakes move was confirmed in a court conference on wednesday. mr bankman—fried has pleaded not guilty to charges he looted billions of dollars in ftx customer funds. that's your business news this hour. around the world and across the uk, this is bbc news. south beat was the first hospital to use this artificial birthing model to put midwives through their paces before they tried it out for real stop since it was introduced it has reduced a type of injury from
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shoulderis dozier dramatically. this is when the shoulders get stuck behind the mother's pubic bone, delaying the birth. looking over a four—year period from 2008, not a single baby suffered long—term damage from this condition, where they normally expect three or four cases. ~ . ., �* ., ., ., cases. what we don't want to do in this situation, _ cases. what we don't want to do in this situation, even _ cases. what we don't want to do in this situation, even though - cases. what we don't want to do in this situation, even though we - cases. what we don't want to do in | this situation, even though we think we want to, is to pull hard on the baby's ed. we want to, is to pull hard on the baby's ed-— baby's ed. midwives and obstetricians _ baby's ed. midwives and obstetricians across - baby's ed. midwives and obstetricians across the | baby's ed. midwives and - obstetricians across the world are being trained using this model now. it seems this product can save tens of thousands of baby from a lifetime of thousands of baby from a lifetime of paralysis. you're live with bbc news. we can go to a report coming in from the reuters news agency, they are reporting that a school in rafah
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sheltering more than a thousand people had sustained damage from a close proximity strike. that has just been posted on x. we are trying to find out more and verify that report. it is important in terms of what the reuters news agency is reporting, one school in rafah sheltering a600 people has sustained severe collateral damage from a close proximity strike. that report just coming in, and we will bring you more as soon as we have it. let's return to the israel—gaza war and as well as fuel shortages, a focus of the past 2a hours has been israel's furious reaction at the security council. antonio guterres said the hamas attacks in southern israel had not happened �*in a vacuum'.
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mark regev is a senior adviser to the prime minister of israel — and a former israeli ambassador to the uk. he spoke to our chief international correspondent lyse doucet. what in particular has angered israel about the comments "in a vacuum"? it does seem obvious that this particular crisis, as you asserted, is unprecedented as it is in every way, has come against the backdrop of decades of israeli, palestinian—israeli—arab crises, including israel's continuing occupation of palestinian territories. what is it that has made israel so angry? well, first of all, as you know better than most, israel pulled out of the gaza strip in 2005. we withdrew. we took down the settlements and we evacuated... your troops, your troops. yes, yes, yes. we took down the settlements and we redeployed behind the 1967 line. and yet none of that is seemingly
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recalled by the secretary general. and more so, he talked about, you know, the lack of a progress on peace. but, you know and i know that hamas has been the most bitter and violent opponent of peace and reconciliation. they say my country has no right to exist in any borders. they say any arab who signs a peace agreement with israel is a traitor to the cause. and you know what needs to be done to traitors. they say that the only path is not negotiation, the only path is terrorism, is violence. and so for him to say, well, hamas is killing us because there's no politics, the peace process has been stifled. that's simply not true. in fact, when the peace process was moving ahead, you'll recall — both of us are old enough to remember the oslo years in the 1990s. then there was a whole wave of hamas suicide bombings. and then we were told hamas is killing jews because they want to stop peace. and now the secretary general is telling us today hamas is killing jews because there is no peace. i'm sorry. hamas kills us because that's their raison d'etre. that's who they are.
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they are a disgusting, extreme, barbaric organisation. and anyone who had any doubts just saw the violence that israelis experienced on that terrible october 7th, saturday morning. i'm sure there are now discussions behind the scenes with antonio guterres and senior israeli diplomats about what the secretary general really wanted to say when he made those remarks. but let's look at the consequences of it. it seems to be quite an unprecedented move to deny visas to un officials. we understand even the un's humanitarian chief, martin griffiths, may not be able to visit. won't that actually make it even worse in your efforts to try to work with the united nations? the united nations has to show itself to be a reasonable partner here. and we've in the past worked with secretary generals and worked with the un effectively on numerous issues. but i'd remind you that two
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of the current secretary general�*s predecessors, both kofi annan and ban ki moon, publicly addressed the issue of institutional, structural anti—israel bias in the un. this secretary—general has not done so. he seems to have adopted and embraced that structural and organisational bias against my country. antonio guterres spoke at length at the un security council. he also emphasized what we understand one western leader, a friend of israel, has said on their visits to israel and that there is even in war there are rules. and he mentioned this to israel, but he also mentioned it to hamas, who he accused of using civilians as human shields. so as the world's top diplomat, he seems to be looking at both sides of this war and asking both sides to meet their international obligations. 0n the contrary, he's making an artificial symmetry
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between a democratic country that is acting to protect its people after we've experienced the most brutal act of violence, the worst terrorist incident since 9/11, and the worst act of anti—semitic violence since 19a5. he's making a symmetry between that and between blood—thirsty terrorists who rape and burn people alive. and it's been reported on the bbc. i don't need to restate all the things that hamas did on that terrible saturday morning. there is no symmetry. and by drawing a symmetry, i think he's made a terrible mistake and he's hurt his own reputation and that of the united nations. i would remind you that we've had a whole host of world leaders who've come to israel — the president of the united states, the prime minister of great britain, the president of france, the chancellor of germany. today we've got two european leaders, the austrian and the czech prime minister. everyone is coming here and they are unequivocally — they're not saying it happened in a vacuum like the secretary general. they are unequivocally
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condemning hamas's behavior. condemning hamas's behaviour. that is what the international community needs to do. and, of course, we want to do what we can to minimise civilian casualties. of course, we want to work on the humanitarian effort with the relevant organisations. but this artificial symmetry, it is simply morally, politically unacceptable. butjust briefly, i mean, even your best of friends, joe biden, who was the first to come, to be seen to be standing beside israel, he also made comments saying, you have to be careful of civilians. you have to allow aid to enter gaza. many have been giving you messages without establishing what you have described as symmetry. it's possible to have many messages at the same time. i agree. and of course, we hear what president biden and our other friends are saying. of course, israel works within the framework of international law. of course, israel wants to minimise harm to the civilian population of gaza. of course we are targeting hamas and not gaza civilians. but when people are saying it's
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the same, that when a civilian is inadvertently caught up in the crossfire between us and hamas, that's the same as butchering, as raping, burning children alive. the sort of things hamas does — that there is no symmetry. the german chancellor, when he was here a few days ago, he made a comparison between hamas and the nazis. world leaders have said they're like isis, worse than isis, because isis didn't burn children alive. isis didn't do the sort of atrocities that hamas committed. and yet the secretary general is saying it's a clean playing field. sorry, it's not a clean playing field. there is a clear aggressor here, a clear victim here. and israel was attacked unprovoked. there is no justification. and that is what should be expected of the leader of the largest and most important international organisation. very briefly because we're running out of time. mark regev, just briefly,
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are you going to let fuel in, if the united nations gives ironclad assurances that they will handle it? so as you as you know, lyse, we're helping to bring in water, food and medicine. and fuel is problematic because fuel is what hamas wants for its war machine, for its rockets, for its tunnels, underground terror network, and we'll be fighting that terror network shortly. and so we need to make sure they don't get the fuel for their military machine. i tell you, and i know for a fact, there are some, there are hundreds of thousands of litres of petrol of fuel inside the gaza strip as we speak. hamas has it. surely hamas can release some of that for gaza's hospitals. you're watching bbc news. here in the uk — labour leader sir keir starmer has been meeting muslim mps from his party amid tensions over
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labour's stance on the israel—gaza war. sir keir has faced criticism from an islamic centre in cardiff which accused him of "gravely" misrepresenting a meeting with muslim leaders there over the weekend. he's also faced a backlash after appearing to say israel had the "right" to cut off water and energy to gaza. he later said he meant that israel had a right to self—defence. meanwhile — rishi sunak says the uk would consider discussing a humanitarian pause in gaza to facilitate aid getting in, but does not want a wholesale ceasefire. a royal air force plane carrying humanitarian aid for gaza took off from the raf brize norton in 0xfordshire heading to egypt. the uk government has promised an additional 20 million pounds of humanitarian support for gaza. mr sunak says he does not agree with calls for a full ceasefire as that would only benefit hamas.
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here in the uk — two met police officers have been sacked after a disciplinary panel found that their actions during a stop—and—search of two black athletes amounted to gross misconduct. british sprinter bianca williams and her partner ricardo dos santos were pulled over in 2020. their three month old baby was in the back of the car while the couple were handcuffed and detained. no weapons or drugs were found. video of the stop—and—search went viral on social media. the two sacked officers, pcsjonathan clapham and sam franks, have a right to appeal the decision. the other three officers, acting sergeant rachel simpson, pc allan casey and pc michael bond were found by the panel not to have committed gross misconduct and all allegations against them were not proven. 0ur correspondent adina campbell has been speaking with bianca williams. she asked her what she thought of the decision. i feel like it's not ifeel like it's not enough i feel like it's not enough for me. because it really 0k
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i feel like it's not enough for me. because it really ok for five or six officers to come out of a car with their batons ready and the glass cutter in their hand ready to smash the window? is that really 0k? cutter in their hand ready to smash the window? is that really ok? that was frightening. i don't know, it's just going to continue happening. that's the sad reality of it, of being a black person growing up in london, that no matter what we do, we are just never good enough. london, that no matter what we do, we arejust never good enough. how we are 'ust never good enough. how much we are just never good enough. how much has all — we are just never good enough. how much has all this _ we are just never good enough. how much has all this affected you, not just your professional life but also on a personal level as well? i just your professional life but also on a personal level as well? i have literally done _ on a personal level as well? i have literally done my _ on a personal level as well? i have literally done my best _ on a personal level as well? i have literally done my best to _ on a personal level as well? i have literally done my best to block - on a personal level as well? i have literally done my best to block it . literally done my best to block it out. i rarely do interviews. i don't like speaking about it. i don't like talking about it. when people want to bring it up ijust like to change the subject because it fills me with so much emotion, even now. sorry.
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it's just really hard. and even just driving the car, whenever i see a police car, i've always just looking, i'm always on edge, because who knows what they are going to do. who knows if they will follow me now and pull me over, and without ricardo being there. i panic about ricardo being there. i panic about ricardo driving all the time. i need to know where you're going, if you have stopped. i'm just always on edge. even if ricardo is driving, and i'm in the front passenger seat, i'm always looking if there is a police car. if a car has gone in the opposite direction, i'm looking behind to see if they make a u—turn to follow us. i shouldn't have to live like that. my anxieties through the roof whenever i see a police car. and it's not right.— car. and it's not right. bianca williams speaking _ car. and it's not right. bianca williams speaking to - car. and it's not right. bianca williams speaking to bbc. i we will pause for a moment and when we get back we will have the latest
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from the middle east and speak to the former qatari middle east attache on the hostage situation and also the former president of colombia, from the elders group who have made an intervention in terms of what is happening in the middle east. also the republicans are making another attempt to elect a house speaker. we anticipate that within the next 60 minutes. all of that coming up in the next hour on today's verified life. now the weather with christopher blanchett. hello there. we did have some sunshine today through the midlands and wales in particular. the earlier heavy rain across southern parts of england cleared away but it was rather cloudy in scotland, and that cloud is likely to linger into this evening and overnight. same too across parts of the north—east of england with some showery outbreaks of rain, a brisk east wind. at the same time, a weather front moving in towards northern ireland bringing some heavier outbreaks of rain, also in towards wales, the southwest of england, and as we approach midnight and the early hours of thursday morning, that wet weather pushing in towards the midlands, the northwest of england
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and the far south—east. temperatures here overnight, a rather chilly a degrees in norwich. not as cold in scotland compared with last night. mild in the south—west at around 11 celsius. into thursday, a low pressure situated to our west once again bringing weather fronts, showery outbreaks of rain and some brisk winds around the south—west coast and the north and north—east coast of scotland. through the day we've got the overnight rain continued to track its way northwards, towards the north—east of england, and further showery outbreaks of rain through scotland as well. some of this wet weather could well become fairly stagnant across eastern areas through the end of the week. elsewhere on thursday we've got some sunshine but also a number of sharp showers and temperatures around 11—15. on friday once again, low pressure situated towards the west, sending weather fronts, showery outbreaks of rain our way. there will be some brighter skies in the mix at times too. you can see, though, certainly across parts of scotland,
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outbreaks of rain consistently pushing in from the north sea on those brisk east, south—east winds. elsewhere for much of england and wales it's a bright friday, plenty of sunshine around, but also a number of heavy showers. same too in towards parts of northern ireland. temperatures are similar. into the weekend, that area of low pressure still with us. further weather fronts and outbreaks of rain and at the same time we are starting to see a bit of a north wind developing, bringing some cooler conditions to the far north of scotland and at the same time in between we've got this area of rain which could cause a few issues through parts of eastern scotland. elsewhere on saturday, we've got outbreaks of rain and some sunshine through the midlands, east anglia and the north—east of england. so a rather unsettled outlook and it stays that way through the tail end of the weekend and into the start of next week too with some sunshine but also showers and longer spells of rain at times. that's the forecast.
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live from london. this is bbc news. air strikes continue to hit gaza, where more than six and a half thousand people are now reported killed, and fuel is fast running out. un chief antonio guterres says he's shocked by what he says is the misrepresentation of his words — after israel condemned him for saying the hamas assault did not happen "in a vacuum". i believe it was necessary to set the record straight, especially out of respect to the victims and to their families. senior officials from hamas
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and islamichhad hold talks with hezbollah�*s leader in lebanon. and in the uk, two met police officers are sacked over their actions during a stop—and—search of british sprinter bianca williams and her partner in 2020. hello, i'm matthew amroliwala, welcome to verified live, 3 hours of breaking stories, and checking out its facilities are overwhelmed, sheltering some 600,000 displaced gazans — that's four times their capacity — and now the un agency for palestinian refugees says one of its schools has sustained severe collateral damage from a nearby air strike. the school in rafah was sheltering more than a,500 people. unrwa also says it will have to significantly reduce and stop some of its operations tonight if fuel isn't allowed into gaza. a third of the strip's hospitals
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