tv Business Today BBC News October 23, 2024 4:30am-4:46am BST
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tokyo metro is on track to becomejapan's biggest listing in six years, as shares jump more than 40% in their stock market debut. and president putin's key allies rally around him at a major summit in russia. we'll get the view from india on prime minister modi's attendance. hello and welcome to business today. i'm steve lai.
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it is one of the top five and encouraging morejapanese encouraging more japanese savings to encouraging morejapanese savings to flow into the stock market so it is a tax protected savings scheme and has attracted a lot of interest among investors while looking for a more steady income and so it is a dividend stock, but still a very promising company, why it has attracted so much interest. us authorities say a mcdonald's hamburger has been making people sick. e.coli, a type of bacteria that can cause serious stomach problems, has been found in quarter pounder sandwiches. the centre for disease control says 49 cases of illness have been recorded across 10 states. people have been admitted to hospital and one person has died. the fast food chain says it has temporarily removed the burgers from restaurants
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in the affected states. the new chief executive of starbucks has announced that he will overhaul the menu of the coffee chain. it comes as the company said both sales and profits are down. the company has also announced that it will suspend its annual forecast for 2025 due to "the current state of the business". the us is expected to be the "engine of global growth" according to the imf�*s latest economic report. it also expects the us economy to grow by 2.2% in 2025. meanwhile, china's economic forecast has been downgraded for both this year and the next. the report cited the property crisis as a key factor behind the pessimistic outlook. it is all about what is happening in america and in washington they are talking about someone not on the agenda which is who will win the us presidential election, the elephant in the room, why i am in pennsylvania to find out if the economic angle could change anything and the reason why finance ministers are so engaged with this issue and talking about it although it is not on the agenda is because there is a real yjunction not on the agenda is because there is a real y junction for there is a real y junction for the world economy, on the one hand you have thejoe biden—
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kamala harris hundreds of billions of dollars of subsidies to the green industries of the future but i have seen industries sprout out in a field and forest trying to compete with china and on the other hand you have this different version of trying to have jobs different version of trying to havejobs and different version of trying to have jobs and protect industries in states like this from donald trump, which is a massive tariff wall. 20% not against specific sectors or countries but on everything. is he serious about a gimmick he says he is. he needs congress on side but if that is the case it would change much as the world trade system but the economic system too and that is why although it is not on the agenda by the world finance ministers are engaged with what will happen in the election in the next couple of weeks. vladimir putin's key allies are gathering in russia for the brics summit, a major meeting that the kremlin hopes will show western attempts to isolate him over the ukraine war have failed. among them is indian prime minister narendra modi. nikhil inamdar has been closely
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watching discussions from mumbai. nikhil, give us the highlights of what's happened so far and we look forward to today? from india's perspective the bilateral talks between the prime minister and vladimir putin were closely watched yesterday where india reiterated diplomacy was the only solution forward to the war in ukraine. today that focus will shift to talks between xijinping, focus will shift to talks between xi jinping, the chinese president and prime minister modi and this comes off the back of both countries announcing they will disengage odd de—escalate the conflict in the norman —— northern himalayas which had led to soldiers on both sides being killed in 2020. from a more multilateral perspective i think it would be interesting to get an update on the financial architecture that vladimir putin has been
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proposing as a counterbalance to western payments and trading ecosystems such as swift and this is an expanded bricks session with countries like iran i'm a bit so it would be interesting to see in the language of the joint communique language of thejoint communique if there is anything on the war in israel. we believe in the bilateral that narendra modi had with the president he expressed concerns about the escalating situation of the conflict in west asia. india and russia have strong economic links. has that been under pressure because of the war in ukraine? on the contrary, this is a relationship that is only strengthened. bilateral ties between the two have gone to $65 billion in 2022, a doubling of sorts. india has continued to buy discounted russian oil despite western sanctions are not adhering to the western sanctions and that has led to the economy of russia are remaining stable through the
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course of the war and even during this bilateral we saw between narendra modi and vladimir putin they agreed to deepen collaboration in areas such as nuclear energy and finance. india has been clear it will not take sides and it will continue to maintain an economic relationship with russia which it calls its historic ally. boeing's largest union will be voting on a new wage deal later on wednesday. over 30,000 workers have been on strike for over a month, costing the company billions. but that's the only crisis that new chief executive kelly ortberg will have to deal with as the bbc�*s theo leggett explains. for boeing the stakes are climbing ever higher. it is haemorrhaging billions of dollars thanks to a safety crisis, delays to aircraft programmes and a damaging walkout by workers in its washington state titans. the 6—week—old strikers paralyse production of the bestselling 737 as well as the triple seven and the 767 freighter.-
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and the 767 freighter. their finances were _ and the 767 freighter. their finances were quite - and the 767 freighter. their i finances were quite precarious leading up to this strike with about $45 billion in net debt and now the strike has halted their biggest single revenue stream by a wind margin, the 737 production programme. imark 737 production programme. work is seen at a _ 737 production programme. work is seen at a rally _ 737 production programme. work is seen at a rally last _ 737 production programme. work is seen at a rally last week- is seen at a rally last week have been dividing a 40% pay increase over four years as well as return of traditional pension plans abolished a decade ago. but here is what is on offer — a pay rise of 35% overfour on offer — a pay rise of 35% over four years, on offer — a pay rise of 35% overfour years, a one—time bonus of $7,000 and improvements to retirement packages but no return to traditional pensions. analysts expect a close—run vote. these workers picketing outside the 737 plant in renton felt more concessions were needed. it is not what we — concessions were needed. it is not what we asked _ concessions were needed. it 3 not what we asked for and i feel like the contract will not push the company forward. i have seen a new contract. it is looking —
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have seen a new contract. it is looking better, but not quite there — looking better, but not quite there i _ looking better, but not quite there. ~ , looking better, but not quite there. ~' , .., there. i think if they came with that _ there. i think if they came with that at _ there. i think if they came with that at the _ there. i think if they came with that at the beginning | with that at the beginning there _ with that at the beginning there would _ with that at the beginning there would not _ with that at the beginning there would not have - with that at the beginning| there would not have been with that at the beginning i there would not have been a strike, — there would not have been a strike, but _ there would not have been a strike, but they _ there would not have been a strike, but they will - there would not have been a strike, but they will have - there would not have been a strike, but they will have to| strike, but they will have to do hetteh _ strike, but they will have to do hetteh i— strike, but they will have to do better-— do better. i think they are close. boeing _ do better. i think they are close. boeing is _ do better. i think they are close. boeing is under - do better. i think they are - close. boeing is under intense scrutiny from regulators over safety following this incident in january safety following this incident injanuary when an underused doorfell off a brand—new injanuary when an underused door fell off a brand—new plane after take off. its new high—tech long haul aircraft, the 777 x has been repeatedly delayed and it will not be received until 2026, five years later than planned added starliner space programme has suffered embarrassing failures, leaving astronauts stranded in space. it leaving astronauts stranded in sace. , ., , . leaving astronauts stranded in sace. , . space. it is a perfect storm because — space. it is a perfect storm because they _ space. it is a perfect storm because they are _ space. it is a perfect storm because they are basicallyl because they are basically losing on all corners and it is the result of 30 years of mismanagement where they have been prioritising the short—term profit instead of making good business decisions and long—term decisions. idea? and long-term decisions. new chief executive _ and long-term decisions. new chief executive kelly - and long—term decisions. new chief executive kelly ortberg on the left is the man charged
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with clearing up the mess. ending the strike and getting the factories up and running again is clearly a key priority. but much more needs to be done if boeing is to leave turbulent times behind it and embrace a sunnierfuture. as the cost—of—living crisis eases around the world, people are beginning to travel more. here in asia, travellers are preferring to stay in the region, visiting less touristy destinations for shorter trips. that's according to a new study by travel agency sky scanner. jarrod kris took me through the key insights of their report. we are seeing a shift away from more popular destinations of 2024 which were bali and tokyo and they have suffered from over tourism and now we're to see the emergence of some of the lesser known destinations such as unknown term in india where we are seeing skyrocketing searches for those destinations and a fantastic trend emerging in community and collective experiences. people are searching and starting to travel for things such as
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sporting events and starting to see things such as immersive galleries and gaming is. you are seeing — galleries and gaming is. you are seeing travellers - are seeing travellers getting more sophisticated where they are choosing their destinations? , , ., destinations? yes. they are lookinu destinations? yes. they are looking at — destinations? yes. they are looking at the _ destinations? yes. they are looking at the types - destinations? yes. they are looking at the types of - looking at the types of destinations, looking to resonate around experiences they are wanting to travel four. ., ., ., ., ._ four. you mention moving away from the regulars, _ four. you mention moving away from the regulars, bali, - four. you mention moving away from the regulars, bali, tokyo. | from the regulars, bali, tokyo. it is over tourism a concern you have noticed?- it is over tourism a concern you have noticed? the data shows we — you have noticed? the data shows we are _ you have noticed? the data shows we are starting - you have noticed? the data shows we are starting to i you have noticed? the data | shows we are starting to see some search trends for the lesser known destinations, so moving away from those popular destinations this year. we are starting to see the emergence of some more left of field places to discover. thanks for our places to discover. thanks for your company _ places to discover. thanks for your company here _ places to discover. thanks for your company here on - places to discover. thanks for i your company here on business today. see you again soon.
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hey, i'm lola with the catch up. tonight, former abercrombie ceo arrested, twins cleaning london and paddington bear's british passport. previously on the catch up, we told you that the police officer who shot and killed 24—year—old chris kaba in 2022 was found not guilty of murder. while a judge has now lifted restrictions which prevented a jury from being told about the criminal background of chris kaba, we can now report that he had been a core member of one of london's dangerous gangs. he had a history of criminal convictions and a judge has allowed cctv to be made public which appears to show kaba shooting a man in a nightclub days before he was shot and killed by police. the victim survived but chris kaba died before he was charged in connection with the shooting. three other men were jailed earlier this year for their involvement.
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some other stories now, the former boss of abercrombie & fitch and his partner have been arrested on sex trafficking charges along with a third man in the united states. the fbi opened an investigation last year after the bbc revealed claims about the former boss mikejeffries. abercrombie & fitch says it's not commenting on it. and meet the twins cleaning london's unloved spaces. james and john are going viralfor cleaning up the dirtiest spaces. time now to ten seconds of paddington bear's new passport. 66 years after paddington arrived to london from peru, the british home office has issued the bear and official passport to be used as a prop in the next paddington film. you are all caught up. have a great night.
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hello and welcome to sportsday. i'm gavin ramjaun. it's the vinicius show at the bernabeu as holders real madrid come from behind to beat dortmund. aston villa make it three from three and they have duran to thank again, in their win over bologna. the commonwealth games has a future for now, but some of its sports do not. glasgow steps in to host a slimmed down event in 2026. hello and welcome along to the programme. and another superb evening of champions league action to bring. viniciusjunior stole the headlines, his stunning viniciusjunior stole the headlines, his stunning hat—trick saw holders real madrid come from 2—0 down to beat dortmund in a rematch of last season's final.
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