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tv   Business Today  BBC News  September 3, 2024 2:30am-2:46am BST

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the us vice president makes an important announcement at her latest election rally about the future of us steel. and japan's terry possums continue to attack the tourists but visitors are fighting back against the flood of tourists. —— cherry blossoms. we lead our coverage with a rally led by joe biden, kamala harris speaking to steelworkers. biden questioned the former president's record on health workers while harris says she wants to protect us steel from a takeover bid.
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i could not agree more with president biden. us steel should remain american owned and american operated. and i will always have the back of america's have the back of america's steelworkers. it is all at risk because of donald _ it is all at risk because of donald trump with a stroke of a pen he — donald trump with a stroke of a pen he could get rid of all of this— pen he could get rid of all of this and _ pen he could get rid of all of this and you think this guy gives— this and you think this guy gives a _ this and you think this guy gives a damn about your pensions? he's not losing an instant — pensions? he's not losing an instant of— pensions? he's not losing an instant of sleep over it. do you — instant of sleep over it. do you think— instant of sleep over it. do you think he cares about the work— you think he cares about the work you _ you think he cares about the work you do every day how hard it is? _ work you do every day how hard it is? ., u, ., ., it is? you can find out more about the — it is? you can find out more about the us _ it is? you can find out more about the us election - it is? you can find out more about the us election on . it is? you can find out more | about the us election on our website. our colleagues are bbc verify have put together a fact check on how the economy fared under the former president donald trump. ourfour—day donald trump. our four—day conference donald trump. ourfour—day conference to attract foreign investment to russia has begun investment to russia has begun in the country's most eastern majors city, vladivostok. this the eastern economic forum is into its ninth year. last year more than $40
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billion in new agreements were signed, with 7,000 delegates in attendance. the largest contingents came from china, india and south east asia. professor 0ng kian ming from taylor's university told me why there is so much interest in russia despite the war in ukraine. i think russia is still an important economic player especially in the area of natural resources and many countries attending this particular eastern economic forum would want to look for such opportunities. fully concerned with malaysia's own participation in this forum is whether or not we are sticking our necks out and we may find ourselves in the spotlight in regards to our allies in the european union and america but i guess we will have more time to talk about that. we will have to wait and see how this plays out, i suppose, with the forum in play at the moment. there are a number of alliances in the region. malaysia and thailand have expressed interest injoining brics. do you see steps for them moving towards that? it will be interesting to see
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if the new thai prime minister would want to affirm or confirm her predecessor's application to join brics. i think she may have other priorities. what we may end up having is malaysia among the countries in southeast asia that is sticking its neck out. it is one thing to apply, not this year but i think next year. one interesting point to note is that the malaysia prime minister may be the only significant leader from southeast asia attending this eastern economic forum in russia. possibly because of our interest in wanting to join brics meaning he has to go to russia. consumer inflation in south korea is slow to its lowest level in nearly 3.5 years. the central bank says data could show inflation has stabilised more quickly than in other major economies and could spare
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an easing of interest rates as early as next month. last month the bank of korea held interest rates steady at their highest rates steady at their highest rate in nearly 16 years. coming out of the pandemic we started to hear the term revenge travel. that revenge is taking a toll on some countries in europe as well as asia. forjapan, the weaker currency, the yen brought in three million tourists each month since march, bringing in around $50 billion for the economy. but locals are not happy. earlier this year, a blockade was set up so tourists would stop crowding a part of the town where mt fuji can be seen. masaru takayama has spent years promoting sustainable tourism and told me howjapan has been dealing with the issue. the japanese government has targeted 100 municipalities to be pursuing sustainable destinations in terms of tourism, howeverthese tourism, however these destinations are tourism, howeverthese destinations are yet to be
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locked in that target in two years time. what we need to be doing is, first, tourism must be supporting the lives and welfare of the local people, where is it not pursuing for business benefit. so we are thinking to develop the destination standard which is already recognised by the global council and for operators and hotels we have a certification scheme. these organisations are trying to raise the awareness of the industry, notjust because of sustainability but also because of the cost of, from, waste management and energy conservation and others. but the problem is how we can absorb the voices of the
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residents into the policy level is an issue. residents into the policy level is an issue-— is an issue. india's manufacturing - is an issue. india's . manufacturing activity is an issue. india's _ manufacturing activity growth has slipped to a three month low in august according to a survey of private sector firms by hsbc. as a key indicator of the country's economic activity, the slower manufacturing sector growth is casting a shadow over india's otherwise strong economic outlook. the bbc�*s archana shukla reports. new orders and the output from india's factories have seen the lowest growth. export orders are still coming in to clock their weakest rise. people attribute this to shift fears competition and shifts in consumer preferences. inflation has eased and manufacturing output is growing at least. but the low growth does put the economic outlook under the scanner. data released last week showed growth slowed more than a percent
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to 6.7% last quarter. there was a massive government cut for spend in infrastructure add to that level slowdown, inflation and weaker consumer sentiment in india. this prompts brokerages and economists to cut growth forecast for the year. it also puts pressure on the central bank to begin cutting interest rates. higher rates adjusted for inflation or hurting businesses. so far global gdp growth gave room to the bank to just bring high food inflation under check. but it could risk the private sector where investment is not rolling in. aston martin, the luxury british carmaker, has been struggling in recent years despite the fame that might come from being featured injames bond movies. it's just unveiled a new flagship model called vanquish and executive chairman, lawrence stroll spoke to our reporter, david waddell about what the latest launch means for the business. the vanquish is our flagship,
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the last of a trio of our front engined sports car, the dna, the heart of this business. a little over one year ago our db 12 aston martin and a few months ago we launched our vantage, our sports car and now we launch the vanquish v12 flagship. we've always built handmade v12 engines. this is a brand—new engine for this car. we are very proud of all the new performance and all the new technology. and all the new technology. earlier this year you directed the business to invest heavily in the plug—in hybrid ev but it is still a mark of the petrol heads. who are your customers in 2030? the same as our customers today. they are car aficionados, automotive lovers. we have a very long history of customer lists.
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111 years now of being in business with a great following of loyal enthusiasts. we have also seen, we brought a new customer into our fold with our db xrs with over 3000 of those a year. since we have returned to formula 1 it has been revolutionary. it has been able to show us our technology to bring our formula 1 technology into road cars which is brought as a younger customer to the brand, a new customer to the brand. the formula 1 marketing platform for this has been nothing short of sensational. how concerned are you about fresh competition from china, either on the global stage or within their marketplace? that is not who we are trying to sell. they are trying to sell hundreds of thousands of millions of cars, we are a small luxury high—performance brand looking to sell 10,000— 12,000 cars
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so there is no conflict with us whatsoever. you provided aston martin cars to almost every bond, with the exception of roger moore. will you be driving for a place in bond 26? absolutely yes. the car is already being developed. volkswagen is considering closing factories in germany to cut cost. it is an unprecedented move and set up a shout down with powerful unions. the automaker which employs around 680,000 stuff is struggling with its passenger car brand. profits are squeezed amid the training ——... shares and rolls—royce have fallen and rolls—royce havefallen fallen sharply after the failure of one of its engines on a cathay pacific airbus a350. the hong kong airline confirmed the bbc that it has cancelled 2a flights in order to inspect its fleet would not provide details on the reason for the engine failure. that is it for this edition of business
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today. i will see you at the same time tomorrow. thank you.
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hi, i'm lola with the catch up. tonight the uk suspends some arms export to israel. a new system for scottish youth offenders and life in lego. the uk is suspending 30 export licenses for military equipment to israel. it comes as protests continue in israel, calling for the government to secure a hostage release deal with hamas after the bodies of six hostages were recovered from gaza. here is a family member of one of the hostages. we demand our government to sign a hostage deal and save the hostages while they still can be saved.
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foreign secretary david lammy addressed the house of commons on that arms embargo. for certain uk arms exports to israel there does exist a clear risk that they may be used to commit or facilitate a serious violation of international humanitarian law. 97 captives remain unaccounted for in gaza where the hamas run health ministry says more than 40,000 people have died since october 7. scotland has passed a new law that bans children being sent to prison. all under 18s have been removed from young offenders institutions and transferred to more child friendly settings. the change follows suicides of young people while detained and will free up around 70 places in the prison system. time now for ten seconds of happiness. a new lego film about pharrell william �*s life is getting rave reviews.
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it will depict the musician's rise to fame. you are all caught up, have a great night. hello and welcome to sportsday — i'm lizzie greenwood—hughes. here's what's coming up: draper dazzles in new york — reaching the quarter finals of a grand slam for the first time in his career. it's day five of the paralympics. we look at some of the day's big winners and losers. and the legend that is christiano ronaldo says he's not hanging up his international boots just yet.

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