tv Business Today BBC News October 18, 2024 4:30am-4:45am BST
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percent in thejuly to september quarter. and that's weaker than the 4.7% growth in the second weaker than the 4.7% quarter of the year. growth in the second for more on what this quarter of the year. for more on what this tells us about the state tells us about the state of the world's number two of the world's number two economy, let's bring in our business reporter katie silver. economy, let's bring in our help us make sense of these business reporter katie silver. help us make sense of these numbers. what do they mean? figs numbers. what do they mean? is numbers. what do they mean? as ou numbers. what do they mean? sis you said, numbers. what do they mean? is you said, 4.6% from july to numbers. what do they mean? as ou numbers. what do they mean? is you said, 4.6% from july to september on year when we september on year when we compare it to the same time a compare it to the same time a year earlier. this was slightly worse than the previous quarter year earlier. this was slightly but was slightly better than worse than the previous quarter but was slightly better than many economists predicted and it all came, this measure is a many economists predicted and it all came, this measure is a period before the recent raft period before the recent raft of stimulus measures we have of stimulus measures we have had from baiting. economists had from baiting. economists say it puts into "serious say it puts into "serious jeopardy" this around 5% growth jeopardy" this around 5% growth target we have been hearing target we have been hearing from beijing since much earlier from beijing since much earlier this year when they set their this year when they set their growth target for the year. growth target for the year. almost half a percentage point almost half a percentage point from that, it seems it will be from that, it seems it will be hard for them potentially to hard for them potentially to reach especially since predictions for the next reach especially since predictions for the next quarter are not looking very strong but there are hopes that quarter are not looking very strong but there are hopes that this recent stimulus package may help the economy seek some kind of boost before the end of the year. we are seeing, 00:01:01,426 --> 2147483051:37:15,877 though, some kind of positive 2147483051:37:15,877 --> 4294966103:13:29,429 bright
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through does seem that perhaps through this data we may see more announcements, more support. we have also heard from the people's bank of china earlier today saying they are encouraging banks and fund managers to try to pass on some of these interest rate adjustments in order to make policies that would support both the economy as well as consumer growth.— both the economy as well as consumer growth. let's continue our coverage of the paris motor show. the big story over the past week has been the growing rivalry between european and chinese carmakers.but one european group seems to have decided ? if you can't beat them, join them. stellantis has invested heavily in the chinese ev startup leap—motor. and the two companies have established a joint venture, led by stellantis, for selling leapmotor cars around the world. the bbc�*s theo leggett, spoke to the boss of leapmotor international and asked him what's behind this partnership. we are positioning ourselves as a pure ev brand with technology
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developed by our chinese founder. it's a clean, electrified mobility solution offering to our customers in addition to our 1a traditional iconic brands. traditional iconic brands stellantis group has not so long ago it was european brands going into china because chinese manufacturers wanted the cachet of a european brand. now this is a european brand wanting a chinese brand. what's going on there? if you look back a0 years ago, exactly the business model, as you said, because at that time the chinese needed technology, the auto industry was in its infant stage. and so the european or the international oem going there and... but nowadays the industry has evolved in the past several years. 0k? and the china ev industry has
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been able to develop in a very agile, efficient and fast manner and with a lot of technology contents in its car. 0k? so... and some subsidy from the chinese government, or so we're told. i think it's... if we were looking at it from that perspective — i'm sure you've been to china — if you look at the infrastructure, the comprehensive and the world coverage of the charging infrastructure is very mature, comparing with maybe the rest of the world. that's one of the key reasons why ev is starting growing up so rapidly in china in the past several years. turning to earnings out in the us, netflix added over 5 million subscribers in the third quarter, and beat wall street's expectations on every financial metric. but industry expert dan fahy says that's actually a slowdown in user growth from the year before. i think the thing that stands
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out and what stands out for analyst is the slowing in subscriber growth even though netflix added more than forecast. that is down, that 5.1 million is down on 12 months ago when they added 30.1 million. —— michael 13.1 million. —— michael 13.1 million. netflix has questions about how they will steer the business forward in an environment of slowing subscription.- environment of slowing subscription. speaking of subscribers, _ subscription. speaking of subscribers, this - subscription. speaking of subscribers, this might i subscription. speaking of| subscribers, this might be subscription. speaking of - subscribers, this might be the last time we receive that kind of data. it must be a concern for investors and analysts. that's right. from next year netflix. reporting subscribers. not unexpected. they are really steering the calls and are reporting towards metrics like margin, average revenue per member, which you might be more familiar with average revenue per user. they are seeing some strong growth in those areas. it is probably not a surprise that they are looking to focus the attention away net subscriber growth. ii the attention away net subscriber growth. if we look at netflix _ subscriber growth. if we look at netflix in _ subscriber growth. if we look at netflix in the _ subscriber growth. if we look at netflix in the region - subscriber growth. if we look at netflix in the region here | at netflix in the region here in asia, how is it faring
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compared to the competition? yeah, so it's doing very well. the bright spots... if you break down subscriber ads in the last quarter, the us and canada is where it is really slowing down. they only put on 690,000 subscribers in the quarter in the us and canada. around 2 million subscribers for a mere coming down 5,000,012 months ago and a pack is performing well for them, adding 2.1 million subscribers in the quarter. that is only slightly down on 12 months ago, 2.9 million. in fact, slightly down on 12 months ago, 2.9 million. infact, in slightly down on 12 months ago, 2.9 million. in fact, in terms of revenue contribution, the apec region was netflix�*s has that some of our critics have pointed ou�* netflix�*s has performing with i9% revenue apec region was netflix�*s has performing with i9% revenue growth. apec is a real bright growth. apec is a real bright spot for them. spot for them. tsmc has announced more tsmc has announced more than $23 billion in than $23 billion in profits for the three profits for the three months to september. months to september. and that's a 30% jump and that's a 30% jump from the second quarter. from the second quarter. the taiwanese company the taiwanese company is the world's largest is the world's largest
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producer of advanced chips. producer of advanced chips. its client list includes us its client list includes us tech giants nvidia and apple. tech giants nvidia and apple. instagram has introduced a bunch of teen instagram has introduced a bunch of teen safety features as the company safety features as the company continues to face scrutiny over continues to face scrutiny over protecting the privacy of its young users. users will now not be able users will now not be able to screenshot or screen—record images and videos intended to be viewed once. to screenshot or screen—record parent company meta says it will also crack down on scam accounts used to target teens, accounts used to target teens, by sending follow requests by sending follow requests from such accounts to users from such accounts to users spam folders or blocking them have pointed out. spam folders or blocking them entirely. entirely. airbnb is one of the airbnb is one of the first tech companies first tech companies to completely transform to completely transform the way we travel. the way we travel. it upended the hotel market — it upended the hotel market — and in some places the housing and in some places the housing rental market too. rental market too. as housing prices have risen, as housing prices have risen, some cities have been cracking some cities have been cracking down on airbnbs altogether. down on airbnbs altogether. the bbc�*s tadhg enright asked the company's chief executive brian chesky if airbnb is contributing to the housing crisis, in this week's edition of talking business. i generally do not think that airbnb is contributing to the housing crisis in very large cities — at least not nearly to the extent
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that they're going to work? yes. a city has a right to determine, um, you know, how they want to govern, and what they want to restrict and not restrict. let me just say this, though, about, like — take a city like new york. it's not like the city of new york made a decision. if you were to ask broadly the city of new york, i think there's quite a bit 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 thought a ban was the best solution, it was a bit of a one size...kind of... it was like 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 they need more housing. and i absolutely respect, like, the city's desire to be able to control their destiny. i just want to, again, remind cities that i think we can be part of the solution, not be the problem.
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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
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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. goodnight.
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hello. thanks forjoining 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 2a 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.
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a quite extraordinary result 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, they could potentially have made it to eight wickets down but have scored 15,20 more runs. they didn't do that. that opened the door for south africa, who were bold and brilliant in their run chase. huge credit to annika bosch. it's the highest score that she has made in t20 international cricket. her unbeaten 7a was a fabulous knock. it means south africa head to the t20 world cup final here in dubai on sunday. up against who? well, west indies
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