tv Business Today BBC News October 25, 2024 3:30am-3:45am BST
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nvidia bets big on india with a slew of ai partnerships in one of the world's leading technology markets. before leading technology markets. the japanese election we before the japanese election, we look at how part—time workers could solve the country's labour shortage problems. hello and welcome to business today. i'm steve lai.
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and ai infrastructure, and you have a large population of users that ultimately 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 artificial intelligence more inclusive and tailored to the diverse and particular needs of each country. pedal a surged nearly 22% on thursday as investors continued to cheer the better than expected third—quarter report card. expected third-quarter report card. , ., , expected third-quarter report card. , . , ., , , card. -- tesla shares surged nearly 22% _ card. -- tesla shares surged nearly 22%. the _ card. -- tesla shares surged nearly 22%. the company . card. -- tesla shares surged - nearly 22%. the company expects a 30% jump in nearly 22%. the company expects a 30%jump in vehicle nearly 22%. the company expects a 30% jump in vehicle sales next year. elon musk has added
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another $26 billion in paper wealth to his net worth. here in asia, japan's nikkei 225 has fallen by around i% this morning, mainly due to uncertainty around the country's elections this weekend. an acute labour shortage is one of many challenges facing the economy with estimates suggesting that the country will lack 11 million workers by 2040. while help may be on the way in the forms of robots, al or immigration, there's a new and growing industry that's forcing change on the country's inflexible labour market. the bbc�*s mariko oi reports. imagine this — a reversejob interview where the worker gets to choose who they want to work for. this short film went viral on social media injapan this year, as the 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?
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timee is a matchmaking app for gig workers and employers, founded in 2018 it has nearly 300,000 businesses registered on the platform with some nine million users. it is an industry known as spot work, offering fast payment in return for a day's labour. the ceo was still a student when he started the company. translation: at the moment, more than 9096 of the work- is in logistics, retail and restaurants and bars. due to the tourism recovery, 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 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? just like uber, our system
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allows both sides to read it, so it almost acts as a resume. restauarants usually want a year's experience. for nursing and childcare, you must have a qualification, but this is the declaration injapan, employers need reliable workers to show up. you were a pioneer in the 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? 0ur priority is to have as many workers as possible. as well as job offers that are convenient to users. others have undercut the introduction fee, but even if they're cheaper, 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 that this service probably worked only because it was injapan, do you have any plans to expand overseas? 0ther economies face similar issues of labour shortage
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as japan, such as south korea and taiwan, so we are looking to expand especially in asia. timee estimates the size of future markets in japan alone to be worth more than $25 billion. we mention the japan election, it's coming up on sunday october 27th, the latest on who will be the next prime minister of the country. a quick update on the mcdonald's e.coli outbreak. 0n on the mcdonald's e.coli outbreak. on thursday, the fast food chain said taylor farms was the supply of the sliced onions that likely caused the outbreak. today we hearfrom the us fda that taylor farms haveissued the us fda that taylor farms have issued a voluntary recall. the outbreak began on tuesday and has caused nearly 50 hospitalisations and one death. a usjudge has blocked an $8.5 billion merger between two major handbag and accessory
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makers, capri and tapestry, which would have put several major brands under one company. the stc sued in april to block the merger, arguing it would harm consumers. tapestry said it would appeal. the uk chancellor rachel reeves is gearing up to deliver the labour government's first budget in 14 years. she has 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. we will be 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, as well as listening to people like gus 0'donnell, mark carney, saying we need to
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invest more to grow our economy and seize the huge opportunities in digital, tech, life sciences, clean energy, but we will only be able to do that if we change the way we measure debt. some might see 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%? i don't want those jobs and investment is going to other countries, i want to see them in britain because we have huge potential. but of course it's important that every pound of tax—payers' money spent gets value for money, so we will put in guardrails with the national audit office and the office for budget responsibility, validating the investments we are making, and to give markets confidence that there are rules around the investments we can make as a country.
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from fantasies about immigrants eating pets, to threats to deport millions of undocumented workers, immigration has been a big subject in the us election. in polls, voters frequently cite it as one of the subjects that is most important to them. but despite strong rhetoric from both presidential candidates, what is the economic reality surrounding immigration in the us? the bbc�*s ritika gupta investigates in a heavily republican county in pennsylvania. it is the peak of harvest season, when migrant workers travel to the us and spend their days toiling in fields. without migrant workers, a lot of places would be out of business, quite frankly. brett is a local grower in york springs, a tiny conservative leaning borough in adams county, pennsylvania. in more recent years, he has had to expand his workforce, predominantly with migrant workers from mexico. they operate under the h2a 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
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experienced and able to hit the ground running, and they train new people themselves. in adams county, pennsylvania, growing sustains the local economy. the area is located in the heart of a fertile valley ideal for cultivating everything from flowers to fruit and vegetables. the vitality of the region's agriculture industry and its ability to meet its labour needs rely heavily on foreign labour. if the farmers would not be able to harvest all of their fruit and vegetables, they would not be able to feed their own families, they would not be able to pay their local taxes, they would not be able to contribute back to society. and if we would have no harvest, our food chain would be disrupted. 0ur fruit and vegetables go all across the country. immigration has become a top issue for voters in the 2024 election. the polls show a majority of americans want numbers to be reduced.
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but like many developed countries, the us is confronting an ageing society and facing long—term population decline. the us election coming on november the 5th. a reminder, you can check out the websites of business news, including a story about the baltimore bridge collapse and the compensation for it. see you again in the next hour on business today.
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hey, i'm ben with the catch—up. 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.
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are you taking exams this year? have you ever been tempted to use al to 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 al to 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 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
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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. 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
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of manhattan to celebrate a first wnba title for new york liberty. hello, and you're very welcome along to the programme. 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. christian eriksen quietened the crowd in istanbul,
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