tv [untitled] October 16, 2024 3:30am-4:00am BST
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lee is set to deliver a policy address in the next 30 minutes. he is expected to focus on boosting the economy which has been hit by the slowdown in china. let's speak with the city's largest think tank. good to speak to you. we know he will speak in half an hour or so. what are you expecting him to focus on?— to focus on? thanks for having me. it's to focus on? thanks for having me- it's going _ to focus on? thanks for having me. it's going to _ to focus on? thanks for having me. it's going to be _ to focus on? thanks for having me. it's going to be a - me. it's going to be a potentially important address forjohn lee. his policy address, entering the middle of his term. and with national security, the covid measures covered... i think this is the first time he's going to be 100% focusing on the economy. there will be two focuses, one on solving some of the
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long—standing social issues, housing issues... a lot more for the government to clamp down on the subdivided units, and also to provide more affordable homeownership to younger people. and the second focus, the economy. given the economic headwinds recently. expecting a few things. one, to continue to attract talent, and also more inputs into r and d development and the tech industry, i'm trying to revive our position as one of the top tourist destination hubs. if our position as one of the top tourist destination hubs. if we focus on talent _ tourist destination hubs. if we focus on talent retention - tourist destination hubs. if we focus on talent retention or. focus on talent retention or acquiring talent, why is that so important for hong kong? it's very important because we are in a position of trying to
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reposition the economy from focusing purely on financial and real estate to really venture into a lot of new industries, including tech, biotech. forthat, industries, including tech, biotech. for that, talent is particularly important. the local talent pool has not been used to it, we have been used to financial industries. we need to attract these specifics. we know some ex—pats left during covid. some actually came back, but we need first of all more of them and also more diversity, not only financial services but also start—ups, tech development.
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hong kong's fortunes are often seen as being tied to the mainland, has the slowdown in china made things more difficult for hong kong? quite a bit, honestly. _ difficult for hong kong? quite a bit, honestly. our— difficult for hong kong? quite a bit, honestly. our economy| difficult for hong kong? quite i a bit, honestly. our economy is fairly interconnected with the mainland. so we are really feeling the pain right now on multiple slants. 0ne feeling the pain right now on multiple slants. one on the financial markets. —— multiple fronts. second, the trade and logistics industry. geopolitical tensions. the supply chain affecting hong kong. and third, local housing
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and retail market. because of the economic slowdown in mainland china, the consumption power of the mainland went down as well, and that is hitting the local retail market. we will speak _ the local retail market. we will speak to _ the local retail market. we will speak to you _ the local retail market. we will speak to you in the next hour oncejohn lee's speech gets under way. the paris motor show and focusing on chinese electric vehicle makers. last month the european union said it would impose hefty tariffs on imports of chinese made evs, alleging that some chinese firms receive unfair subsidies that allow them to sell their cars cheaper overseas. we met with one company's boss and ask if they did indeed receive subsidies. first of all, we are privately owned, our ownership is transparent, we are listed
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in the us and hong kong. so compared i would say to globally, we are as transparent as any other company. secondly, the reason we are competitive is because every year, we have fought tooth and nail through the most competitive market in the world, the chinese ev market, competing with tesla and chinese brands as well as global brands. that competition honed the core competencies, efficiencies and our technology... we are bringing that technology from the fierce chinese market to europe, and i think it will benefit consumers as well as communities in europe. the european union has recently introduced recently introduced those controversial tariffs on imports of chinese electric vehicles. how is that going to affect your company? our view is europe is a long—term opportunity for us. it's a market we need to continue to invest
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and develop, by providing the best product, technology and services. and with the quality locally. i think this is something, despite the tariffs, we have to continue to really build, improve and invest. i would say it will present challenges and put pressure on us business model—wise, but it's all part of doing doing business globally as a multinational company. we are looking at the long—term perspective. he boeing's factory workers held a large rally in seattle he in seattle on tuesday, mounting pressure on the new ceo to raise the wage offer. the ongoing strike at the main factory are thought to be costing them $100 million a day and i were in their fifth week. 0ur north american business correspondent has the details. boeing workers staged a rally in seattle hoping it would pressure them to raise
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the wage offer. hundreds of striking workers packed the main hall at the union headquarters with speakers from elected officials to the union boss. it was the largest rally the union has held since the strike began last month. the show force comes a day after the us acting labour secretary came to seattle to meet both sides in an attempt to break the deadlock. tensions remain high, especially after the company's announcement last week that it will cut 17,000 jobs. boeing is trying to shore up its flagging financial position and announced it will offer up to $25 billion in stock and debt offerings as well as a $10 billion credit agreement. we are in another cycle of the earnings season for corporate america, and overnight we got results from heavyweights in the financial sector. both bank of america and goldman sachs beat revenue estimates for the july to september quarter, the solid result was thanks to growth in their investment banking and trading units.
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gerard cassidy explained if this was sustainable. the first thing i would point to is net interest income for the diversified revenue for banks, jp morgan, wells fargo, bank of america, citigroup, they saw stronger than expected net interest income which is essentially the revenue they earn from their assets less funding costs. but because of their diversified business models, specifically goldman sachs which you just pointed out, the strength of investment banking also helped those banks as well. the increases in the debt capital market numbers were very strong, and the banks pointed to the fact that issuers took the opportunity after the federal reserve cut cut rates to issue debt because it was lower cost, and the spreads were more narrow. those are the main factors of what we saw in the results thus far. so this is more indication
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that the fed and jerome powell have been getting things right? it's interesting, aside from the initial trip—up on the transitory nature of inflation that chairman powell talked about two or three years ago, he has done quite well. we're in a soft landing in the us economy, which is another point the banks highlighted, jp morgan, bank of america both pointed out that the consumer in the united states is healthy and resilient. yes, consumers living paycheque to paycheque are being affected by higher prices in the united states, but overall chairman powell and the federal reserve have done a very good job of landing the economy into a soft landing, which you have to go back to 1995 when chairman greenspan did it, and it worked out remarkably well and we think that is the case this time as well.
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french luxury giant lvmh's sales fell 3% in september. french luxury giant lvmh saw sales fall 3% from july to september, because of weaker demand there demand in china and japan. the core fashion and leather goods division fell 5%. it's the first time the division have seen a slump in sales since 2020. see you again soon.
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hey, i'm zof with the catch—up. tonight, the latest in gaza, weight loss jabs and a cute baby rhino. we start in gaza, where the un says the situation is desperate. they've delivered food there for the first time in over two weeks. about 400,000 palestinians remain in northern gaza after fleeing from other parts of the territory. hundreds of people are reported to have been killed since israel launched an offensive in the north, which they say was to root out hamas fighters who had regrouped there. now, the us has given israel's government 30 days to urgently boost aid access in gaza or face having some military help cut off. some other stories now. thomas tuchel has agreed to become the next england manager. the bbc has been told the german will take over from gareth southgate, who quit after england lost in the euros final. tuchel used to manage
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chelsea and bayern munich. next, unemployed people with obesity could be offered weight loss jabs to help them return to work. the government says it could be very important for our economy and health, whilst also easing pressure on the nhs. have you ever enjoyed a pub crawl in prague? i know i have. well, the city is set to ban night—time pub crawls to try and stop rowdy tourists from visiting. they want to attract more chilled—out visitors, if you will. so if you're planning on going for a stag or hen do, then maybe think again. and time now for ten seconds of this cute little rhino calf, now stomping around after having some feeding issues initially, but it's now healthy and even does some little stomping when it's hungry. have a look at that. it's adorable. and you're all caught up now. see you later.
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hello and welcome to sportsday. i'm will perry. here's what's coming up. former chelsea boss thomas tuchel agrees to become the new england manager. northern ireland pick up their biggest win since 1991 as they thrash bulgaria in the nations league. england are knocked out of the women's t20 world cup as they're stunned by west indies. welcome along. so the big news, former chelsea boss thomas tuchel has agreed to become the next england manager. he's been out of work since leaving bayern munich
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at the end of last season. tuchel won the league with bayern and psg and, of course, the champions league with chelsea. interim manager lee carsley will remain in charge for the november nations league games against greece and the republic of ireland. england have been without a permanent manager since gareth southgate resigned after euro 2024, but will tuchel be the right fit for the fa? he likes the mentality of english players and, of course, tried to get quite a few english players into bayern munich when he was there. he's a huge anglophile. i can tell you that. i think he has a talent for getting a lot out of a squad and finding solutions. some people enjoy football slightly differently to the one that thomas tuchel has been putting out. i think there's no doubt that he's a very talented manager and is as close as a guarantee of a successful and competent stint as anyone else. 0ur sports editor, dan roan, explains why the fa have decided to move so quickly. perhaps two factors accelerated this process. the first, that the candidacy
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of the interim, lee carsley, was effectively ended last week with that defeat to greece at wembley, and his rather mixed messaging when it came to questions over whether he wanted the job full—time. and then, secondly, perhaps the fa were concerned tuchel could be targeted by another club or country. manchester united, for example, who we know spoke to tuchel in the summer and considered bringing him to old trafford. 0n the other hand, it makes sense. he's vastly experienced. tuchel has managed many of the world's biggest players and several of the biggest teams as well. he knows english football very well. there'll be some who are disappointed that the fa haven't gone for a home—grown english coach, they'll worry perhaps that this shows there's a lack of depth and options when it comes to candidates like eddie howe or graham potter, for example. but i think the fa ultimately will be relieved to have ended this uncertainty that was surrounding the team post—southgate. and they will hope now, of course, that he can take that final step. southgate got so close to ending that long wait for silverware and tuchel
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can be the man to prove that it's not football's impossible job after all. well, what a night for isaac price, who scored a hat—trick for northern ireland as they thrashed bulgaria 5—0 in the nations league at windsor park, their biggest win since 1991, when they beat the faroe islands by the same scoreline. price, a former everton midfielder who now plays for standard liege in belgium, secured his hat—trick with a stunning goal late in the second half. he's the first player to score three in a game for them since david healy back in 2007. northern ireland move above bulgaria into second place in their group. scotland held portugal to a goalless draw and picked up the first point of their nations league campaign. group leaders portugal had won three out of three before this one, but scotland are still without a competitive victory in over a year. paul barnes reports from hampden. well, from the outset, this seemed like a pretty daunting task for scotland. just one win in 15 games and up against a portugal side littered with stars, most notably their main man, cristiano ronaldo.
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but scotland have a star of their own in scott mctominay, and he had what turned out to be scotland's best chance of the game inside the first five minutes. great cross from captain andy robertson but the napoli man's header failed to find the net. portugal grew into the game, as you might expect, but they failed to really threaten scotland goalkeeper craig gordon. even the great man ronaldo had a bit of an off night. portugal had a great chance to win it with just a few minutes remaining, but bruno fernandes's shot forced a smart save from gordon in the scotland goal. and it finished 0—0. elsewhere in the nations league, there were six goals and a red card in the game between poland and croatia. 3—3 it finished in warsaw. spain won against ten—man serbia, and manchester united midfielder christian eriksen was on the scoresheet for denmark in their draw with switzerland. you can find all the details on the bbc sport website. well, voting is now open for the bbc women's footballer of the year award.
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the nominees have been chosen by an expert panel made up of current and former professional players, coaches and journalists, with the winner decided by fans voting from all around the world. here are the five players on this year's shortlist. i want to be the greatest footballer in the world. everyone can read about me and say, ok, we had barbra banda. yeah. banda swerves, shoots, tallies! putting on my zambian shirt. it's very important for me. we qualify to the olympics and i managed to score another hat—trick. it was a great moment for me. we're hoping to do better, but it's unfortunate that we didn't go further. i have the lucky to be part of this great teams, barca, spanish team, because i'm playing with a lot of great players. that makes you
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the best player, no? we want to win everything. it's like the mentality. it's so important for me, being so ambitious, being ambitious every year, and every year more than the past year. mama! my mom says that at. the world cup last year, the olympics this year, she was like, i can't- believe we're here. i'm like, me neither. i'm honoured to be up for this award and to be a defender on there, i think, is really cool. we play a big part. you're always doing things for the team. you know, you're working with your back line, you're trying to organise the line in front of you and there's that camaraderie in the back that like, yeah, just like grind it out. and i think without that piece, it's really hard to win. the highlight must be the champions league. 50,000 there, feels like over 100. they were singing all game. and then you get to lift the trophies in front of them.
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and with them after the game, it's... yeah, i can't describe it, really. it was just too good to be true. so many girls now out there that wants to become a footballer and wants to pursue their dreams. and yeah, this is the beautiful thing. like the visibility gives us the possibility to be role models for the next generation. they will be lucky. they will have it ten times, if not 100 times, better than we had it. and this is the goal. ijust remember seeing the ball hit the back of the net. - i kind of blacked out a little bit. l it was a lot of emotions. we did it. we're about to play for a gold medal. i was feeling a little bit nervous for that game just because of how important it was. i remember leading up to the goal, feeling like we're going to win this game. you could just feel that collective belief. i felt like i could cry ofjust like happiness and joy. winning a gold medal. - it was a dream come true.
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well, after an extraordinary match in dubai, england are out of the women's t20 world cup. they lost their final group game by six wickets against the west indies. england made 1111 but, helped by some abject fielding, west indies smashed their way to victory with some ferocious batting and they are into the semi—finals. michael redford reports. the last game of the group stages, but still plenty to play for. england had been perfect at the tournament so far. here, they were panicky, three early wickets falling forjust 3a runs. calmness and composure was needed. captain heather knight and natalie sciver—brunt provided it. knight would depart with injury and wickets began to fall. sciver—brunt, though, remained. she made 57. england 141, a score that seemed competitive. not for long. captain hayley matthews led the attack. kiana joseph followed her example. boundaries in abundance, though england didn't help themselves. but then, a breakthrough.
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joseph out for 52. matthews followed shortly after. a glimmer of hope, extinguished quickly, the west indies winning by six wickets. england shocked and sent home — their world cup over. michael redford, bbc news. well, after the match we spoke to tash farrant from the test match special team, who said they were all in shock at the manner of that defeat. england just fielded terribly and you don't normally see that from them. they're one of the best fielding sides in the world, but you just felt that the pressure just got on top of england. but fair play to west indies. they came out swinging. they did lead a charmed life. but you know, the way they came out with the intent, i think itjust stunned england and, yeah, we're all pretty stunned here, to be honest. after a nervy start, pakistan will be happy with their day's work on the opening day of the second test against england in multan. at one point, pakistan werejust19—2, jack leach taking
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those two wickets. but debutant kaman ghulam hit a century as the home side reached 259—5 at stumps. a reminder of our top story that thomas tuchel has agreed to become the new england manager and the third non—british permanent boss of the england men's team, after sven—goran eriksson and fabio capello. lee carsley will take charge for the final two group games of the november international break against greece and the republic of ireland, but the former chelsea boss thomas tuchel, agreeing to become the new england manager and leading them into the next world cup. you can get all the latest on the website, but from me, will perry and the rest of the team, that's all for now. hello there. tuesday was a cloudy day,
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but it was also mild. temperatures reached 19 degrees in cornwall before the rain arrived, and all this mild weather is pushing up from france towards the uk and it'll stay mild through the rest of the week and into the weekend as well. we've got southerly winds, though, at the moment. that's bringing in the mild air, of course, but it's also bringing in some rain, and again, it's all moving up from the south across western parts of europe. heavy rain, too, but at least it's keeping it mild overnight. no frost this time in scotland. a really mild start to wednesday, but a wet one in many places, too. and that rain will continue across scotland, heavy at times. northern ireland may become a bit drierfor a while, but across western parts of england and wales, this is where we'll see further rain. to the east, it may well become dry. bit of sunshine for east anglia, the south—east and lincolnshire, and temperatures could be 21, even 22 degrees. through the midlands, around 18 or 19. and where we've got that wet weather further north and west, still 16 or 17 celsius. there is more rain, though,
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to come on wednesday evening and overnight, and this rain marches its way eastwards across all areas before pulling away out into the north sea. and again it could be quite heavy rain, possibly even thundery. but wednesday night into thursday morning will again be very mild. cloudy start, though, for scotland. still some rain to clear away from the north. then the cloud breaks up. most places will have a dry day with sunny spells, but a few showers will come into some of these western areas. they may prove to be rather hit—and—miss, mind you. we've got a south—westerly breeze. it's still mild — 16, 17 degrees typically — but where it's dry with the sunshine in the east, temperatures of 18 or 19 celsius. heading towards the end of the week and the winds are strengthening again, and we're piling in more rain and some stronger winds from off the atlantic, around that low pressure area. in western areas, this is where we'll see the worst of the weather — strong—to—gale—force winds picking up, and with some spring tides, there could be some coastal flooding. and then we see the rain developing more widely here.
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0ut towards the east, it should be dry. there'll be some sunshine, not quite as mild, but still mild for the time of year. and it's going to stay that way into the weekend as well, but still very unsettled. yes, there'll be some sunshine at times, but we will see some spells of rain and it could be particularly wet and windy on sunday.
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we hear from the volunteer women protecting the ukrainian skies from attack. welcome to newsday, i'm steve lai. we start with the latest on the conflict in the middle east. the biden administration has given its most stark warning yet to israel over its conduct in gaza — threatening to withdraw some military assistance — unless israel allows more humanitarian aid into the enclave. us defense secretary lloyd austin and secretary of state antony blinken sent a letter to israel's military, which was then leaked to the media. it says israel must, within 30 days, act on a series of �*concrete measures' to boost aid. israel says it's reviewing the letter, and will address the concerns raised. it comes amid further israeli strikes on gaza on tuesday. 50 palestinians were killed, according to the hamas—run health ministry. in northern gaza, an air strike killed 17 people near al—falouja, gaza's largest refugee camp. israel says it is targeting hamas militants. with more, here's our state department correspondent tom bateman.
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