tv Business Today BBC News November 18, 2024 4:30am-4:46am GMT
4:30 am
criticized the imf, world bank and the wto previously. professor suzanne scoggins gave us her view on the outlook for this year's talks. it's a difficult position for him to be in for the lame duck president he has been at the back of the meeting so he is trying to essentially put out his legacy, and make sense of the successes he had and try to reassure world leaders things are going to be ok with another four years with donald trump. brazil the host said they wanted the focus to be on tackling poverty and hunger and boosting climate finance. with the recent developments coming to ukraine to set that potentially overshadowing some of these economic achievements the 620 was wanting to achieve. i think the security concerns are very
4:31 am
the forefront of everyone�*s mind the taiwan question. speaking of changing presidents we talk about trump 2.0. she vision being is happy to be there a good opportunity for china to restart itself on the world stage and fill the void that may be left now we are changing presidents. donald trum - changing presidents. donald trump was _ changing presidents. donald trump was a _ changing presidents. donald trump was a regular- changing presidents. donald trump was a regular critic i changing presidents. donald i trump was a regular critic when it came to institutions like the imf, world bank and wto. how do you see these kinds of international discussions and international institutions faring under the next trump presidency. we may see more of what we saw in those four years when trump continues to go in a different direction, looking through bilateral relations, not really engaging in these international organisations and even causing more harm to these things like the wto appellate
4:32 am
body which will further erode some of these international institutions that countries have spent so long to build up. we have been reporting on the appointments to his cabinet coming into force injanuary the latest one he has chosen brendan carr to lead the federal communications division, the sec is a government agency regulating government agency regulating government broadcast and online communications, he is currently the senior republican on the commission and an ally of a long task he wrote to mr and alphabet and microsoft accusing them of censoring americans and saying they must restore free speech rights for ordinary citizens. mr trump calling him a worrier of free speech. turning to markets in asia, which are trading mostly higher, with the japan's nikkei the only underperformer. china stocks meanwhile, are up around one percent. this follows their recent downward trend after the us
4:33 am
presidential election, as investors worry about the friction between washington and beijing getting worse under a second trump presidency. asia economist peiqian liu gave us a better understanding about which sectors could be more vulnerable once trump's second term begins injanuary. for china's equity markets they have seen some volatility among the new administration in the us after the elections. that was because of market worrying about potential rise in trade tensions between china and the us. but again china's market has been performing well in recent days when stimulus was announced, there now appears to be a strong consensus among chinese policymakers to put a floor under the downside risks to the growth of the economy right now. when we talk about the various sectors likely to be
4:34 am
impacted, which sectors and china's economy are most likely feeling it? if market is assuming a higher or rising tariff attention coming to china, the immediate and direct impact will likely be most felt by export oriented sectors. some of the manufacturing sectors might be hurt by rising tariffs depending on how steep the tariff risk is, but over the long run, china's rebalancing is likely to continue. we earlier knew the property sector was under stress so if the policy stimulus could be delivered in a more appropriate and timely way we would probably see more rebalancing with the chinese economy as a whole. in recent months, we have been speaking about the multi—pronged stimulus we have seen from beijing when it comes to interest rates, and hopes for more direct fiscal stimulus. where is this up to, what is the latest development? we can probably understand china's stimulus package in a four pillars approach. they are delivering liquidity, helping resolve debt risks, for the local
4:35 am
government, focusing more on the property sector, lingering issues and lastly trying to delivering also slightly targeted inflationary measures to boost growth. right now we have heard a lot about the first two pillars of the growth support, to deliver liquidity for interest rate cuts and a $12 trillion stimulus packages over the 5 years to resolve local government debt issue. over the next few quarters, we have a few more important meetings from chinese policymakers which will hopefully deliver on the next two pillars, which is the property sector and the focus on the recovery and revival of consumption growth. turning to india — further restrictions on construction activity and vehicles in the capital, delhi, will come into effect from monday to combat worsening air pollution. all diesel trucks except those carrying essential items have been banned from entering the city. work on public building projects has also been suspended.
4:36 am
the measures were announced after an emergency meeting on sunday evening to discuss the deteriorating air quality — which has now been categorised as "severe plus". generative ai is transforming industries across the world, and now it's changing the travel sector as well. the boss of booking holdings, the parent company of booking.com, envisions that online trip panning will become easier, almost like you're interacting with a human being in a travel agency. but the regulatory landscape is holding them back when planning future innovations. here's more from ritika gupta's interview with chief executive glen fogel. travel has usually increased faster than gdp for decades. that's a good measurement to start with. then we say, ok, are we going to get a bigger share of the travel industry? we say, yes, we think we are, we have some tail winds that
4:37 am
favour us and others like us because of the change from off—line to online, from the way you used to buy travel to now in a digital commerce way, we have an advantage there which is good for us. then we think about well will we do things better than the other people who are digitally communicating with buyers, we think we well, why? things like ai, generative ai enables us to come up with a better service and better product for the consumer. what is your outlook for the us consumer? i'm pleased inflation is coming down from what had been a very high rate not too long ago in the us and europe but the truth is when there is strong inflation, that increases the price of the cost of travel certainly, but also people are getting paid more as well. so when you look at it, it is notjust inflation how much things cost but how well are people being paid. you can see even in during the worst part of inflation
4:38 am
we were still having very good numbers. thinking of making improvements for the consumer you have invested in al powered features for trip planning. how much of a role do you expect al to play in the future growth of your business? it is a very small part of our overall customer base that is interacting with the products and services we have already rolled out. very early in these processes, i play with them, sometimes they are phenomenal and wow, this is great, sometimes i'm like — this isn't very good. the fact is at some point you will be able to do what my vision is — you can communicate, with our what we are calling our ai trip plannerfrom booking .com and it will be as if you are dealing with a human being. the way you used to do it if you went into a high street shop. i want to switch gears here and talk about regulation holdings has the gatekeeper regulatory status under their digital markets act.
4:39 am
they are trying to crack down on some of those tech giants, google and apple. how are you viewing this and what kind of solutions are you coming up with to comply? i have looked at a whole bunch of regulatory issues that have come up recently that we have to comply with, and that's the law. we are trying to create better services and better products for our customers. but it's slower because we have to divert the attention to make sure we are doing what is appropriate to meet the regulations. i'm all in favour of rules and regulations but i would just like to it to apply everyone equally. chief executive glen fogel. before we go — netflix says 60 million households worldwide tuned in live to see mike tyson take onjake paul, in the streaming giant's first foray into live boxing. the event, which was free for subscribers, is being hailed by the tech giant as a record—breaking night. it wasn't all good news for netflix, though.
4:40 am
4:44 am
hello and welcome to sportsday with me chetan pathak. coming up on the programme: a five—star second half performance from england who return to the top tier of the nations league in emphatic style. ending the season in style. rory mcilroy wins the dp world tour championship and his sixth race to dubai title — matching seve ballesteros' record. and all smiles — emma raducanu and katie boulter help great britain reach the semi finals of the billie jean king cup.
4:45 am
welcome along, thank you forjoining us. we start with football and england have won promotion to the top tier of the nations league after they concluded their campaign with a comprehensive 5—0 win over the republic of ireland. natalie pirks was watching at wembley. a distinctly frustrating first half with ireland defending robustly, gave way to a pulsating second half from an english perspective. the party started when liam scales were sent off for a tackle in the box onjude bellingham. england's captain harry kane scored the penalty and the floodgates opened, what followed were five goals inside 26 minutes, four which were the players�* first for their country. anthony gordon, conor gallagher, jarrod bowen, just 30 seconds after coming off the bench with his first touch and taylor harwood—bellis all scoring for england.
14 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on