tv Business Today BBC News October 18, 2024 3:30am-3:45am BST
3:32 am
be poured over for what they mean for the economy. where are the bright spots you mentioned? nice of you to ask. industrial output is one part. we had some monthly figures, and in september industrial output was up september industrial output was up about 5.5%, almost an entire percentage point more than expected. similarstory for retail sales, and they will be a really big bugbear of the government in beijing trying to
3:33 am
encourage people to spend money and to get out there, and indeed to try and boost consumer confidence, so we heard there that it likely did produce that boost to consumer sentiment. fixed asset investment to met expectations, but there was negative news when it came to the ongoing realistic crisis, with property down 10% and new construction down 10% and new construction down 22%, so that suggest that crisis we have been talking about for years in the real estate sector, that does indeed seem to be continuing, and it does echo calls from investors that more stimulus is needed, and of course beijing in recent weeks has announced or unveiled a raft of measures designed to encourage people to improve sentiment, spend money, for example, about $1 trillion of government bonds being issued, lowering of interest rates, as well as fiscal expenditure that well as fiscal expenditure that we have heard for example about $28 billion an ounce. so far
3:34 am
not a lot of detail when it comes to those announcements we have heard as well earlier today saying it is encouraging investors to pass some of their stimulus measures and some of those policy moves on to the consumer state.— those policy moves on to the consumer state. thank you very much for keeping _ consumer state. thank you very much for keeping up-to-date, l much for keeping up—to—date, katie silver in our singapore newsroom. now we continue our coverage of the paris motor show. there is a growing rivalry between european and chinese car—makers, but one group seems to have decided that if you can't beat them, join them. two companies have established a joint venture led by cilantis. we spoke to the boss of leap motor ship. we we spoke to the boss of leap motor ship-— we spoke to the boss of leap motor shi. ~ ., .,
3:35 am
motor ship. we have positioned our self as _ motor ship. we have positioned our self as a — motor ship. we have positioned our self as a clean, _ our self as a clean, electrified mobility solution offering to the customer in addition to our traditional iconic brand that the group has. ., ,., iconic brand that the group has. ., , ., ., iconic brand that the group has. ., ., ., ., iconic brand that the group has. ., ., ., ._, ., has. not so long ago a european brand going _ has. not so long ago a european brand going into _ has. not so long ago a european brand going into china _ has. not so long ago a european brand going into china because l brand going into china because china wanted the cachet, but now it is a european brand wanting a chinese brand. what is going on? iii wanting a chinese brand. what is going on?— is going on? if you look back 40 years _ is going on? if you look back 40 years ago. _ is going on? if you look back 40 years ago, exactly - is going on? if you look back 40 years ago, exactly the i 40 years ago, exactly the business model as you say, because at that time, the chinese needed the technology, the auto industry was in its infant stage, and so the european or the international going there, but now the industry has evolved in the past several years. and the china evey industry has been able to be very agile, efficient and fast, with a lot of technology in its car. find
3:36 am
of technology in its car. and summer— of technology in its car. and summer subsidy _ of technology in its car. and summer subsidy from - of technology in its car. and summer subsidy from the chinese government, so we are told. ii government, so we are told. if you look at it from that perspective, the comprehensive underworld coverage of the charging infrastructure is very mature compared with maybe the rest of the world. that is one of the key reasons why electric vehicles are growing so rapidly in china in the past several years. returning to earnings out of the us, to netflix added over 5 million subscribers in the third quarter, and beat wall street's expectations on every financial metric. but an industry expert told us that there is a slowdown in growth on the year before. the thing that stands out for analysts looking at this as well is the slowing in subscriber growth even though netflix added more than forecast, that is down,
3:37 am
that 5.1 is down on 12 months ago where they added 30.1 million. so lots of questions around how netflix is going to stay at the business forward in an environment of slowing subscription. and this might be one of the last times we receive that kind of data. that must be a concern for investors and analysts as well. that's right. from next year netflix. reporting subscribers, not only expected. they are really stirring the coal is now, the reporting towards metrics like margin, average revenue per member, and they really are seeing some strong growth in those areas, so it is probably not a surprise that they are looking to focus the attention away from net subscriber growth. and if we look at netflix in the region here in asia, how is it faring compared to the competition? it is doing very well. the bright spots, if you break down netflix subscriber add to the last quarter, the us and canada is where
3:38 am
it is really slowing down. they only put on 690,000 subscribers in the us and canada, and contributing good subscribers around 2 million, and that is down on five million 12 months ago, and it is a pack that is forming well for them, adding 2.1 million subscribers in the quarter, and that is only slightly down on 12 months ago at 2.9 million. and in fact, in terms of revenue contribution, the region was netflix was my highest performing region with 19% revenue growth, so that is a real bright spot for them. instagram has introduced a bunch of teen safety features as the company continues to face scrutiny over protecting the privacy of its young users. users will now not be able to screenshot or screen record images and videos tend to to be removed once. parent company meta says it
3:39 am
will also crackdown on scam accounts used to target teens by sending follow requests from such accounts to spam folders or blocking them entirely. airbnb is one of the first tech companies to completely transform the way we travel. it upended the hotel market and in some places the housing rental market too. as housing prices have been rising, some cities have been have been cracking down on airbnbs together. in this week's addition of talking business, we asked the company's chief executive if airbnb is contributing to the housing crisis. i don't think it is in large cities, at least not nearly to the extent that some critics have pointed out. let me just back up and say this. i don't want to ever say that it is not contributing to any problems anywhere. we built a platform that is used hundreds of millions of times a year. and just to give you a sense, we have nearly 4 million
3:40 am
people staying in airbnb, and i can't be here to tell you that every single thing are something we can defend, because we are a platform, and when you build a platform, it is used for unintended consequences, so in the past there have been people who have taken homes off the market, there have been major concerns from cities, so we have worked with cities around the world to establish laws and regulations and restrictions about who can host and how many days they can host. so do you respect when cities like new york and miami do decide to implement these new restrictions, even if you don't agree that they are going to work? yes, a city has a right to determine how they want to govern and what they want to restrict and do not restrict. let me just say this, though, take a city like new york. it is not like the city of new york made a decision. if you were to ask broadly the city of new york, i think there is quite a bit
3:41 am
of support for airbnb to exist at least with some restrictions. i don't think the majority of people in the city of new york fought a ban was the best solution. it was a bit of a giant hatchet approach. so i do think there is a more sensible solution. i respect cities' concerns that many cities around the world have not built enough housing and we need more housing, and i absolutely respect their desire to control their destiny. but ijust want to remind them that i think we can make this part of the solution, not been a problem. and before we go, just a reminder of our top story. china's economy expanded by 4.6% in thejuly to september quarter, weaker than the 4.7% growth in the second quarter of the year. i will see you again soon, thank you for watching.
3:44 am
the one direction star who's died suddenly aged 31. liam payne died yesterday after falling from the third floor of a hotel balcony in buenos aires. just hours before, he posted this update on his socials. good morning, everybody. a few hours later, staff at the hotel he was staying at called 911. translation: so we have a guest who is high on drugs _ and who is trashing the room. so we need someone to come. # cry me a river... liam payne first appeared on our screens aged 14, auditioning for the x factor in 2008. # you're insecure. # don't know what for... he shot to stardom as part of one direction, and since the band broke up, he's been pretty open about his struggles with fame. when we were in the band, the best way to secure us
3:45 am
because of how big it got was just lock us in our rooms. and of course, what's in the room? minibar. well, from celebs like rylan and jedward to mps in the house of commons, you might have seen some of those tributes to liam. they've been flooding in from all over the world. it was, like, very tragic. he was only 31. and the way that happened is the saddest part. - it's time now to leave you with ten seconds of tributes to liam payne. # and let it go. # we can live forever... he's being remembered here by fans in argentina and around the rest of the world. that's all from us. good night. hello. thanks forjoining
3:46 am
us on sportsday. coming up, south africa stun the defending champions to reach the women's t20 world cup final. pakistan's men have turned the second test in their favour whilst india collapse against new zealand. and 24 hours on from thomas tuchel�*s appointment as england boss, just what do his players and contemporaries make of it? thank you very much forjoining us. "one of the biggest wins ever." that is how the south africa captain, laura wolvaardt, described their shock victory over australia to reach the final of the women's t20 world cup. the heroine, anna caboche, who lived up to her name with a brutal batting performance. henry moran reports from the dubai international stadium. a quite extraordinary result
3:47 am
in the first semifinal here at the women's t20 world cup. six—time champions australia beaten by a south africa side whose fans behind mejubilant, waiting for their heroes to board the team bus. 135 was the target for south africa. frankly, australia weren't brave enough with the bat. they were asked to bat first. they were too timid. in the middle overs, things were on the go—slow. south africa bowled very well indeed, but with australia's batting line—up, theyjust couldn't get going. to fall at the end of their innings, only five wickets down,
10 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
