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tv   Business Today  BBC News  October 25, 2024 2:30am-2:46am BST

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nvidia bets big on india, with a slew of partnerships in one of the world's leading technology markets. the chancellor tells the bbc about a new plant to free up billions of pounds to spend. welcome to business today. we start with the boss of nvidia, who is in india and has announced a slew of deals with several indian companies including reliance group, our business correspondent has the details from mumbai. fix, business correspondent has the details from mumbai.— details from mumbai. a tie-up with other _ details from mumbai. a tie-up with other indian _ details from mumbai. a tie-upi with other indian companies... they are looking to expand their cloud infrastructure in india. i their cloud infrastructure in india. ., , their cloud infrastructure in india. ., their cloud infrastructure in india. i hope to partner with all of you — india. i hope to partner with all of you to _ india. i hope to partner with all of you to enable - india. i hope to partner with all of you to enable india... |
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all of you to enable india... the— all of you to enable india... the boss _ all of you to enable india... the boss was attending an ai summit in mumbai and said he believed india would become one of the largest software outsourcers with artificial intelligence going forward. fine intelligence going forward. one ofthe intelligence going forward. one of the greatest _ intelligence going forward. one of the greatest advantages india — of the greatest advantages india has is a large population of users _ india has is a large population of users. so now you have the fundamental ingredients, ai, data. — fundamental ingredients, ai, data, and ai infrastructure, and — data, and ai infrastructure, and you _ data, and ai infrastructure, and you have a large population of users — and you have a large population of users that ultimately creates your ai flywheel. he said his creates your ai flywheel. he: said his company's revenues from india were small right now but he hopes the country, which has been trying to develop a nascent chip—making industry, were large. the company said it would be rolling out a hindi language ai model in india to help local businesses drive activities like content translation and ai assistance. this builds on the aim to make
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artificial intelligence more inclusive and tailored to the diverse and particular needs of each country. on thursday, mcdonald said a supplier of the sliced onions likely caused the outbreak. today we hear that they have got a voluntary recall. the outbreak has caused nearly 50 hospitalisations and a death. in the uk, chancellor rachel reeves is gearing up to deliver the labour government's first budget in ia years next week. she said she will change a key debt rule in the uk to free up billions for infrastructure spending. faisal islam sat down with her at the imf and world bank meetings in washington. i have my first budget next week... have my first budget next week- - -— have my first budget next week... ., ., , week... comparing notes with her american _ week... comparing notes with her american counterpart - week... comparing notes with her american counterpart on | her american counterpart on balancing the books. the chancellor is walking a new path, rachel reeves confirming a change to how her
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all—important budget borrowing all—importa nt budget borrowing rules all—important budget borrowing rules will operate. we all-important budget borrowing rules will operate.— rules will operate. we will be chan . in: rules will operate. we will be changing the _ rules will operate. we will be changing the measure - rules will operate. we will be changing the measure of - rules will operate. we will be l changing the measure of debt, rules will operate. we will be i changing the measure of debt, i will set out the details to the house of commons next week. i have listened to the imf, who has been clear that we do need to free up more money to invest in capital, to grow the economy and sees the huge opportunities in digital, tech, life sciences, clean energy. we will only be able to do that if we change the way we measure debt. some might say this as a sneaky shuffle when you are in a tight bind fiscally, or are you embracing the idea that this is meant to maintain investment levels at 2.5%?_ levels at 2.596? the plans i have inherited _ levels at 2.596? the plans i have inherited from - levels at 2.596? the plans i have inherited from the - have inherited from the conservatives see public sector net investment declined quite rapidly as a share of our economy. if we continued on that path, we would miss out on other opportunities, and other countries would seize them. i don't want those jobs and investment is going to other countries, i want to see them
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in britain because we have huge potential. in britain because we have huge otential. , . ., , ., potential. these changes are nerd , potential. these changes are nerdy. techy _ potential. these changes are nerdy, techy and _ potential. these changes are nerdy, techy and about - nerdy, techy and about accounting rules but they are hugely consequential and affect every penny of government spending notjust next week but for the next half decade. the chancellor believes that the root cause of britain's relatively poor public infrastructure are the conservatives' version of these rules. this change will unleash tens of billions theoretically for changes to that, of which she will spend up to £20 billion to reverse planned cuts. but this is borrowed money. from false claims about immigrant eating pet to threats to deport millions of undocumented workers, immigration has been a big subject in the us election. in the polls, voters frequently cited as one of the most important subjects. despite strong rhetoric from both candidates, what is the economic reality surrounding immigration in the us? we
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investigated in a heavily republican county in pennsylvania. it is the peak of harvest season, when migrant workers travelled to the us and spend their days toiling in fields. ~ ., ., fields. without migrant workers. _ fields. without migrant workers, a _ fields. without migrant workers, a lot - fields. without migrant workers, a lot of- fields. without migrant| workers, a lot of places fields. without migrant - workers, a lot of places would be out of business, quite frankly. be out of business, quite frankl . �* , ., be out of business, quite frankly-— frankly. brett is a local grower _ frankly. brett is a local grower in _ frankly. brett is a local grower in york- frankly. brett is a local| grower in york springs, frankly. brett is a local. grower in york springs, a frankly. brett is a local- grower in york springs, a tiny conservative leaning bower in adams county pennsylvania. in more recent years, he has had to expand his workforce, predominantly with migrant workers from mexico. they operate under a temporary agricultural workers visa. there is not enough local people to do the work we need. they also provide a very stable and reliable workforce. most of the men return year after year, so they are experienced and able to hit the ground running, and they train new people themselves. in and they train new people themselves.— and they train new people themselves. ~ . , ., , themselves. in adams county pennsylvania, _ themselves. in adams county pennsylvania, growing - themselves. in adams county | pennsylvania, growing sustains the local economy. the area is located in the heart of a
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fertile valley ideal for cultivating everything from flowers to suit and vegetables. the vitality of the region's agriculture industry and its ability to meet its labour needs rely heavily on foreign labour. ii needs rely heavily on foreign labour. . , ., labour. if the farmers would not be able _ labour. if the farmers would not be able to _ labour. if the farmers would not be able to harvest - labour. if the farmers would not be able to harvest all. labour. if the farmers would not be able to harvest all of| not be able to harvest all of their— not be able to harvest all of their fruit not be able to harvest all of theirfruit and not be able to harvest all of their fruit and vegetables, they— their fruit and vegetables, they would not be able to feed their_ they would not be able to feed their own _ they would not be able to feed their own families, they would not he — their own families, they would not be able to pay their local taxes. — not be able to pay their local taxes, they would not be able to contribute back to society. and — to contribute back to society. and if— to contribute back to society. and if we _ to contribute back to society. and if we would have no harvest, _ and if we would have no harvest, our food chain would be disrupted. our fruit and vegetables go all across the country _ vegetables go all across the count . ., ., , country. immigration has become a top issue _ country. immigration has become a top issue for— country. immigration has become a top issue for voters _ country. immigration has become a top issue for voters in _ country. immigration has become a top issue for voters in the - a top issue for voters in the 202a election. the polls show a majority of americans want the numbers to be reduced. but like many developed countries, the us is confronting an ageing society and facing long—term population decline. in asia, japan's nikkei index has fallen
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i% japan's nikkei index has fallen 1% this japan's nikkei index has fallen i% this morning, mainly due to uncertainty around the country's elections this weekend. an acute labour shortage is one of many challenges, and the country would lack ii challenges, and the country would lack 11 million workers ljy would lack 11 million workers by 2014. would lack 11 million workers by 201a. help may be on the way in the form of robots, ai and immigration, there is a new and growing immigration. —— by 20a0. imagine this, a reverse job interview where the work you get to choose who they want to work for. this short film went viral on social media in japan this year, as a labour crunch shifted the power balance between employers and employees. now, what ifjob hunters could skip the interview process altogether and forget about the resume? timee is a matchmaking app for gig workers and employers, founded in 2018 it has nearly
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300,000 businesses registered on the platform with some 9 million users. it is an industry known as spot work, offering fast payment in return for a days. the ceo was still a student when he started the company. —— for a day's labour. translation: fill company. -- for a day's labour. translation:— company. -- for a day's labour. translation: at the moment, more than _ translation: at the moment, more than 9096 _ translation: at the moment, more than 9096 of— translation: at the moment, more than 9096 of the - translation: at the moment, more than 9096 of the work- translation: at the moment, more than 9096 of the work is i translation: at the moment, | more than 9096 of the work is in more than 90% of the work is in logistics, retailand logistics, retail and restaurants logistics, retail and restau ra nts a nd logistics, retailand restaurants and bars. hotels are also looking for workers as well as events and manufacturing. also, there is work in nursing and childcare. i guess for workers it's quite appealing not to have to submit appealing not to have to submit a cv, but isn't it risky from the employer's point of view that, if the workers arrived with zero skills, what can they do? , ., with zero skills, what can they do? , ~' with zero skills, what can they do? , ,, ., _, do? just like boot, our system allows both — do? just like boot, our system allows both sides _ do? just like boot, our system allows both sides to _ do? just like boot, our system allows both sides to read - do? just like boot, our system allows both sides to read it, i allows both sides to read it, so it almost acts as a resume. —— like uber. for nursing and childcare, you must have a qualification, but this is the
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declaration injapan, employers declaration in japan, employers need declaration injapan, employers need reliable workers to show up. need reliable workers to show u n . ., need reliable workers to show u -. ., ., need reliable workers to show u . _ ., ., , ., up. you were a pioneer in the sot up. you were a pioneer in the spot work— up. you were a pioneer in the spot work industry, _ up. you were a pioneer in the spot work industry, but - up. you were a pioneer in the spot work industry, but there | spot work industry, but there is increasing competition now. you charge businesses 30% of salaries as an introduction fee, but i guess others will start to undercut that, so how would you stand out? fill" would you stand out? our riori would you stand out? our priority is _ would you stand out? our priority is to _ would you stand out? our priority is to have - would you stand out? our priority is to have as - would you stand out? oi" priority is to have as many workers as possible. as well as job offers that are convenient to users. 0thers job offers that are convenient to users. others have undercut the introduction fee, but if businesses cannot find the manpower, i don't believe they will use them, so we plan to keep charging the same fee. you said earlier _ keep charging the same fee. you said earlier that _ keep charging the same fee. you said earlier that this service probably worked only because it was in japan, probably worked only because it was injapan, do you have any plans to expand overseas? was in japan, do you have any plans to expand overseas? other economies _ plans to expand overseas? other economies face _ plans to expand overseas? other economies face similar _ plans to expand overseas? other economies face similar issues . economies face similar issues of labour shortage as japan, such as south korea and taiwan, so we are looking to expand especially in asia.— especially in asia. timee estimates _ especially in asia. timee estimates the _ especially in asia. timee estimates the size - especially in asia. timee estimates the size of - especially in asia. timeej estimates the size of the future markets injapan alone to be worth more than $25
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billion. two singapore companies who owned the cargo ship involved in the collapse of a baltimore bridge in march have agreed to pay over $100 million to the us government. a statement by the us department ofjustice said the money would cater to the emergency response to the incident. the companies are still in talks with state officials over the funds needed for reconstruction works needed in the area. more news about that settlement and other stories on our website. that brings us to close to this edition of business today, more in the next hour. see you soon. sports next.
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hey, i'm ben with the catch—up.
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tonight, ai cheating, big brother controversy and our very own kiss cam. but first, are you someone who never leaves home without your vape? well, the government has announced new rules that will stop the sale of disposable vapes in england and wales from june next year. it's in an attempt to protect both children's health and the environment. are you taking exams this year? have you ever been tempted to use alto cheat? stomach was in knots. i think worst case scenario i could have been kicked out. i think if you use it, you're only cheating yourself. that's hannah, which isn't her real name, who used alto write one of her essays. she got caught and is warning others not to do the same. universities uk has said students need to learn how to use ai, but that they need to write their essays themselves. some other stories now, and a warning that it's crunch
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time for climate change. the un's found that huge steps need to be taken by global leaders to avoid a catastrophic temperature rise of 3.1 degrees. itv has edited an episode of big brother to remove a pro—palestinian symbol. the watermelon, which has been used to show solidarity with palestinians, appeared on the t—shirt of a housemate. she said she was unaware of the implications. itv has apologised to any viewers who were offended. and let's finish with ten seconds of kissing. do you kiss? why are we showing you this? well, new research suggests kissing might come from the way apes use their lips to remove ticks from one another�*s fur. gross, right? you're all caught up. have a good night.
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hello and welcome to sportsday. i'm sarah mulkerrins. coming up on the programme. jose mourinho is sent off as his fenerbahce side hold manchester united to another draw in the europa league. a blow for grigor dimitrov�*s hopes of making the atp tour finals. he is knocked out of the vienna 0pen. and thousands lined the streets of manhattan to celebrate a first wnba title for new york liberty. hello, and you're very welcome along to the program. let's start, then, with the box office meeting ofjose mourinho and his old side, manchester united in the europa league, which ended in a third successive draw for erik ten hag's side in the competition.
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christian eriksen quietened the crowd in istanbul,

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