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tv   Business Today  BBC News  November 11, 2024 4:30am-4:46am GMT

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in azerbaijan. we look at how a trump presidency could impact global climate goals. hello and welcome to business today. i'm steve lai. it's being called the biggest political comeback in history. donald trump will return to the white house as the 47th president of the united states in january. but, what will that mean for businesses and economies in asia? on the campaign trail he regularly talked about trade and traiffs saying goods from china will be subjected to levies of up to 60 percent. the rest of the world wouldn't not be spared either, but at a lower rate of around 20%. there are concerns the next stages of a trade war could pose additional challenges to the global economy. angela mancini from control risks explained whether all the tariff talk is just rhetoric or more of a bargaining tool. this is someone who has been wanting to have tariffs for
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decades. he called himself the tariff man. and we saw in the first administration, he kicked things off with china in terms of a trade war. having said that, he didn't do everything, and i think in this case, the 60% tariffs on china and the 20% universal tariffs on everyone else is probably more of a bargaining position because were he to do that, i think that the impacts would be significant. notjust for other significant. not just for other economies trading significant. notjust for other economies trading with the united states, but actually, it would be so inflationary with the united states.— would be so inflationary with the united states. let's game out what would _ the united states. let's game out what would happen - the united states. let's game out what would happen here | the united states. let's game | out what would happen here in asia if he was to carry through — even if the percentages were lower. what is the impact? there's a couple of ways to look at it. the first is — what would china do? china in the past years with the trump—first and the biden administration did not retaliate in kind. right. it would actually have some responses but they were measured but never equal to nor exceeding what the us would put on china. the difference is — let's see what happens from a retaliation point of view. they have the infrastructure in place there. they have their
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own export control laws and the reliable entities list which they've started to implement. so i think that it is number one, watch to see what sort of retaliation they might do. not excessive, but to do it. and number two, then look the at some other countries around the region. i think malaysia and vietnam are exposed because of their large trade deficits with their large trade deficits with the united states and then also thinking about — does the us crack down on the shipment that they think comes from chinese shipments to the united states violating the trade rules there. in violating the trade rules there. ., there. in the longer term, if he carries — there. in the longer term, if he carries through _ there. in the longer term, if he carries through with - there. in the longer term, if he carries through with the l he carries through with the tariffs that he proposes — will other countries not turn away from the us and look more towards each other? it’s from the us and look more towards each other? it's not so simle towards each other? it's not so simple because _ towards each other? it's not so simple because the _ towards each other? it's not so simple because the us - towards each other? it's not so simple because the us is - towards each other? it's not so simple because the us is such| towards each other? it's not so| simple because the us is such a strong market and investor here. but i think you're right, companies and markets are already starting to think — how do they rework supply chains and don't forget, quite a lot of asian investment into the united states. japanese unimaker and japanese
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semi—conductors and south korean businesses as well as well as mexico. honda came out and said that 80% of production goes to us. what happens if mexico gets tariffs? so it is a complicated picture. i do think in the longer term, were the tariffs to increase significantly, there's a whole remarking of here in asia we need to be looking at.- remarking of here in asia we need to be looking at. what are ou need to be looking at. what are you looking _ need to be looking at. what are you looking out _ need to be looking at. what are you looking out for _ need to be looking at. what are you looking out for to _ need to be looking at. what are you looking out for to tell - need to be looking at. what are you looking out for to tell us . you looking out for to tell us which way trump will go? i’m which way trump will go? i'm watchin: which way trump will go? i'm watching for _ which way trump will go? in watching for the overall term. i think this is a trump coming to office not as angry as how he campaigned and i think he's jubilant and that may changes things. and the other is people. we think that we know who he'll put in but we need to see who the advisors are. bitcoin has rallied past $81,000 for the first time ever, as investors bet on continued momentum especially after the us elections. 0n the campaign trail, trump vowed to make the united states "the crypto capital of the planet". he also pledged to launch a national crypto stockpile, with over $16 billion in bitcoin the us government has amassed through asset
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seizures and slashing interest rates. lower interest rates also tend to help bitcoin price edge higher as it gives investors greater access to cheap capital, and boosts appetite for risk assets like cryptocurrency. world leaders meet this week for the latest un climate talks, cop29, in baku, azerbaijan. but donald trump's victory in the us presidential election has clouded the outlook, with threats to withdraw the nation from the landmark 2015 paris climate agreement, for a second time. 0ur north america business correspondent, ritika gupta filed this report. dubbed the finance climate cop, the central goal at this meeting will be how much money should go each year to helping developing countries cope with climate—related costs. but the talks could be difficult after donald trump's re—election victory. trump, a climate sceptic, who has called efforts to boost green energy a "scam" has vowed to remove the u from
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the paris agreement to fight climate change for a second time. the big concern is that anything that us negotiators agree to will be meaningless once the new administration gets in, thereby removing the incentive for the likes of china and india to make big commit amendments. at the same time, the new trump administration is likely to push for a major ramp up of oil and gas exploration within the us, roll back environmental protections, as well as impose heavy tariffs on evs and solar panels coming from china. but with renewable energy gaining support in the us, trump's efforts to boost oil and gas instead may be less effective. he could even face strong opposition within his own party, given president biden's inflation reduction act, which may ultimately channel $1 trillion of spending into green energy, has been hugely beneficial to republican districts. trump has pledged to rescind any unspent terms. let's turn to india, where the country's luxury airline vistara — a joint venture between
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the tata group and singapore airlines — will operate its last flight today as it merges with air india. nikhil inamdarjoins us from mumbai for more — nikhil tell us more about this merger & what it means for india's aviation market? well, steve, air india for instance has called it one of the most complex mergers in aviation history. particularly because it comes on the back of the merger between the two low—cost carrier that is air india runs which is air india express and airasia india. what the consolidation does is create a big merged entity that would compete with the market leader on a firmer footing. however, it is a merger that has in many ways really created a lot of concern among the customers of vistara who are very loyal, and they're very loyal, and they�* re concerned very loyal, and they're concerned that air india will not be able to match up to the very high premium standards that vistara have set in indian skies. i've been speaking to a lot of brand experts who said
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that this would create a hodgepodge of it and could lead to integration areas particularly in areas like culture and human resources, and we've seen a number of protests happen ahead of the mergerfrom protests happen ahead of the merger from the likes of the crew members, for instance, or pilots. but the tata didn't really have much of a choice, because these were two full—service carriers competing against one another, and both from loss—making so they are hoping to get some operational efficiencies out of the merger. we will, though, have to wait and see how the merged entity goes down with the customers of both air india and vistara. thank you so much for getting us across the developments from mumbai. for more on this story and the impact on india's aviation sector, do log onto our website bbc.com. turning to tech now — here are some big figures. more than four million photos are uploaded to instagram every hour. about 500 hours of video posted to youtube every minute.
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around 30 million videos are uploaded to tiktok every day. as we know, some of it is harmful, disturbing, or illegal. our technology editor zoe kleinman explores the hidden world of the content moderators, whosejob it is to keep us safe online. and a warning that some viewers may find the decriptions of content in this piece upsetting. if you see something bad on social media, and you decide to report it, have you ever wondered where it goes? it lands in the inboxes of people called "content moderators" whose job it is to review and delete the worst content on the internet. an average day for them can include watching child abuse, hate speech and murder. but they're hidden away. many don't work directly for the tech giants. there are content moderators here in uk but the jobs are often outsourced to other companies and there are big hubs in places like east africa, india and the philippines.— africa, india and the philippines. africa, india and the phili ines. ~ �* ., , africa, india and the philiuines. ~ �* ., , ., philippines. we're the ones who make sure _ philippines. we're the ones who make sure that _ philippines. we're the ones who make sure that they _ philippines. we're the ones who
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make sure that they are - philippines. we're the ones who make sure that they are safe, . make sure that they are safe, right. and in doing that, we are the ones who usually get in the receiving end in protecting them. , , ., , them. this is mo'ez who lives in nairobi. h them. this is mo'ez who lives in nairobi. for_ them. this is mo'ez who lives in nairobi. for a _ them. this is mojez who lives in nairobi. for a year- them. this is mojez who lives in nairobi. for a year from i in nairobi. for a yearfrom april 2022, in nairobi. for a yearfrom april2022, he in nairobi. for a yearfrom april 2022, he worked as a content moderatorfor a april 2022, he worked as a content moderator for a company that tiktok had outsourced this work to. �* , , , that tiktok had outsourced this workto.�* , , , work to. any disturbing content that ou work to. any disturbing content that you can — work to. any disturbing content that you can imagine, - work to. any disturbing content that you can imagine, you - work to. any disturbing content | that you can imagine, you know, from sexual, you know, materials, or content, to very disturbing content where people are being beheaded or skilled or skinned alive. to you know, kids being molested. the or skinned alive. to you know, kids being molested.— kids being molested. the 'ob hu . el kids being molested. the 'ob hugely affected i kids being molested. the 'ob hugely affected mojez's h kids being molested. the job i hugely affected mojez's mental health. he feels he wasn't given proper psychological support or paid enough. content moderation is an industry in crisis. there are multiple ongoing legal claims that the work is destroying the mental health of the moderators. we've spoken to several former outsource content moderateses from meta, which owns facebook
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and instagram, as well as tiktok and chatgpt, and they've all told us similar stories. but despite their work and the rise of ai tools designed to catch harmful content before it is even published, the torrent of horrific material that finds it way online continues. let's take a look at how markets in asia are faring this monday. most indices are trading lower, after china's 0ctober inflation numbers came in below expectations, raising concerns over the recovery in the world's second—largest economy. thank you for your company. see you again soon.
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hello and welcome to sportsday. i'm lizzie greenwood—hughes. here's what's coming up on the show. as chelsea and arsenal draw —
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to the delight of their title rivals — we'll bring you the latest from the premier league. the end of an era, as the manx missile retires from professional cycling. and a fairy tale win for the world number 229, at golf�*s lucrative abu dhabi championship. hello. lots of sport for you, and it's been quite a day in the premier league — let's start with chelsea v arsenal. the late kick—off between the london clubs ended in a 1—1 draw — the perfect result for their title rivals. but the game was far from dreary, with plenty of action. gabriel martinelli scored first for arsenal, and chelsea's pedro neto cancelled it out. the result moves both sides up a place, to third and fourth
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respectively — the first time chelsea have been so far up

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