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tv   Business Today  BBC News  December 17, 2024 2:30am-2:46am GMT

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to temporarily block a law that would force its parent company bytedance to sell the app by january. according to the law, if it fails to do so — the platform will be banned in the us. but even as tiktok is facing hurdles, it's also finding new allies like incoming president donald trump who says he will look into revoking the ban. we will take a look at tiktok. i have a warm spot in my heart for tiktok because i when youth by 3a points and there are those that say tiktok has something to do with it. trump's comments came on the same day he met with the social media platform's chief executive at mar—a—lago. the ban — which had bipartisan support when signed into law — is expected to go into effect on 19january — one day before trump's inauguration. as businesses around the world gear up for donald trump to return to the white house, japan's
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softbank is getting ahead of things with a big investment annoucement. the news came as part of that same event at mar—a—lago that was attended by the company's chief executive masayoshi son on monday.the bbc�*s ritika gupta has all the details. softbank ceo announced a $100 billion investment in the us over the next four years speaking at president—elect donald trump �*s residence in mar—a—lago florida he said it could create 100,000 jobs in america, focusing on al and related infrastructure. 1 america, focusing on al and related infrastructure. i would like to celebrate _ related infrastructure. i would like to celebrate the - related infrastructure. i would like to celebrate the great - like to celebrate the great victory _ like to celebrate the great victory of president trump. and my confidence level two the economy of the united states has dramatically increased with his victory. because of that i am now— his victory. because of that i am now excited to commit this
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$100 _ am now excited to commit this $100 billion and 100,000 jobs. investment similar to one from december 2016 when a $50 billion investment was pledged and 50,000 jobs. the japanese internet and telecom giant plans to finish the wreck before trump leaves office in 2029. the commitment a clear brim for trump who made the economy a centrepiece of his presidential campaign and then is coincides with soaring investment in technology as the nasdaq 100 and bitcoin reached fresh record highs on monday. softbank shares are trading higher by about 3% in tokyo on the back of that news. canada has a brand—new finance minister — dominic leblanc. he was appointed after his predecessor christia freeland quit on monday after clashing with prime ministerjustin trudeau. in her resignation letter, freeland dismissed trudeau's push for increased spending as a political gimmick saying it could hurt the country's ability to deal with the 25% import tariffs us president—elect donald trump says he will impose
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once he takes office. starbucks has announced a major change to its parental leave benefits in the us. starting in march next year, the coffee chain will offer 18 weeks of paid leave to birth parents, covering 100% of their pay. that's triple what it currently offers its employees. non—birth parents, those welcoming children through adoption or surrogacy, will get 12 weeks of paid leave. the new rules will apply only to employees who work at least 20 hours a week. turning now to asia with a look at how the region's economies may fare next year. while inflation and cost of living concerns were a dominant theme of 2024, the mastercard economics insitute says that the spending picture for next year will be more upbeat. their chief economist for apac david mann, explained the trends driving this optimistic outlook.
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the way we are thinking about this from the perspective of the mastercard into nymex institute is 2025 is likely to be the year where we get the more sustainable level of growth and get an idea of what they really looks like after all these years of the wild swings into various economic variables like inflation or in interest rates, they are coming down and we are still seeing wage growth now in excess of inflation. inflation—adjusted income growth is quite robust and with low interest rates as well there is a bit more room for discretionary consumer spending around many parts of the region particularly we think we will be seeing in places like australia, singapore and even hong kong. that is interesting because we heard a lot about donald trump earlier in the programme but a lot of concerns around his proposed tariffs. what impact are they likely to have on growth in the region? fix, are they likely to have on growth in the region? a lot will depend _
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growth in the region? a lot will depend on _ growth in the region? a lot will depend on what - growth in the region? a lot will depend on what does l will depend on what does materialise and there are many folks who are getting more nervous about the impact they can have. the way we look at this is a diverse investment into other places around asia pacific or even further afield to diversify supply chains and more investment is quite positive. it could also be positive. it could also be positive outcomes from trade negotiations, i think that is something we are waiting and watching for it don't know yet but the key thing we are looking for next year is while we have the trade site going on, there is still also the recovery going on in tourism. we have not fully completed the outbound tourism story, tone are not fully there yet, japan because of the week and has an outbound travel recovery story a bit softer and meanwhile the inbound story into japan has been particularly strong even at the expense of some of the other key tourist destinations in the region. if eventually and we think we will eventually see the turnaround of the us dollar going a bit softer against the yen and it had a multi—year high up close to and
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about as the turning point where we could see the change was at mastercard you have a lot of insight into spending insights others may not have. you have interesting insights on travel spending and remittances. can you briefly talk us through those? let's start with — talk us through those? let's start with the _ talk us through those? let's start with the travel - talk us through those? let's. start with the travel spending side. the japan story, but as one in the economy 25 report we put on the website, we looked into the angle of travel twins and are looking into places very popular, either alternative places that might be a lower cost option given the rise and cost of living? travellers and consumers in general are becoming more price sensitive and are they substituting elsewhere injapan instead of going to tokyo or either going elsewhere in parts of thailand and bangkok? is kind of travel trend stories of one thing we bring out in the report. wearables like smart
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smart watches and rings have been gaining popularity in recent years. but other alternatives, that could replace medical tests that require patients to perform exercise movements are on the rise. the bbc click�*s lara lewington has been checking out the latest health scanning tech. if you want to be able to use one measure to represent your cardio respiratory fitness and your oxygen deficiency, a v0 to max test does that and may also be the best single measure for your life expectancy. usually have to go through best. —— this. the dreaded exercise test. pushing me to my limit. i we over ten minutes?- we over ten minutes? keep anoin. we over ten minutes? keep going- loads _ we over ten minutes? keep going. loads of _ we over ten minutes? keep going. loads of data - we over ten minutes? keep going. loads of data comes we over ten minutes? keep - going. loads of data comes out of this. going. loads of data comes out of this- but _ going. loads of data comes out of this. but the _ going. loads of data comes out of this. but the important - of this. but the important beds, the v02 max estimation is the number that describes your cardiovascular fitness. the measure of how much oxygen your body consumes while going through best.—
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through best. really good effort. and _ through best. really good effort. and it _ through best. really good effort. and it does - through best. really good effort. and it does this . through best. really good effort. and it does this to | effort. and it does this to our effort. and it does this to your house. _ effort. and it does this to your house. so _ effort. and it does this to | your house. so frustrating because it was not actually feeling difficult and suddenly got really hard and my legs could not keep going. that is kind of how _ could not keep going. that is kind of how it _ could not keep going. that is kind of how it goes _ could not keep going. that is kind of how it goes but - could not keep going. that is kind of how it goes but you l could not keep going. that is i kind of how it goes but you did a greatjob. we think you should based on your age and size be achieving a score of 29.5. you are actually achieving a score of 37.5. you are 127% of your predicted score, betterthan are 127% of your predicted score, better than you are supposed to be.— score, better than you are supposed to be. that is great to know but _ supposed to be. that is great to know but not _ supposed to be. that is great to know but not actually - supposed to be. that is great| to know but not actually about testing me today, about testing something else. the exercise test may be the gold standard but a new device from a danish data aims to do a similarjob without the hard work for some what we can do with the small sensor is go and measure the vibrations and be chass caused ijy vibrations and be chass caused by breathing hard. we vibrations and be chass caused by breathing hard.— by breathing hard. we do that l in: by breathing hard. we do that lying down — by breathing hard. we do that lying down and _ by breathing hard. we do that lying down and measure - by breathing hard. we do that lying down and measure for l by breathing hard. we do thatl lying down and measure for 40 lying down and measure for a0 seconds. we have an algorithm
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and taken the height of getting into and assess. you and taken the height of getting into and assess.— into and assess. you can also aet into and assess. you can also get those _ into and assess. you can also get those readings _ into and assess. you can also get those readings from - into and assess. you can also get those readings from an i get those readings from an apple watch and fed bit, how different is that from those devices? ~ ., , ' different is that from those devices? ~ . , , , devices? what is different is we can do — devices? what is different is we can do on _ devices? what is different is we can do on the _ devices? what is different is we can do on the spot - we can do on the spot measurement, i can get someone on the street and get an accurate measurement right here and right now. but accurate measurement right here and right now-— accurate measurement right here and right now._ that - and right now. but is it? that is it. it and right now. but is it? that is it- it is _ and right now. but is it? that is it. it is intended _ and right now. but is it? that is it. it is intended at - and right now. but is it? that is it. it is intended at first - is it. it is intended at first for use by _ is it. it is intended at first for use by doctors - is it. it is intended at first for use by doctors as - is it. it is intended at first for use by doctors as a i is it. it is intended at first i for use by doctors as a more efficient, practicaland for use by doctors as a more efficient, practical and for some with medical conditions, safer option. we some with medical conditions, safer option-— safer option. we have the results- — safer option. we have the results. one _ safer option. we have the results. one thing - safer option. we have the results. one thing is - safer option. we have the results. one thing is your| results. one thing is your number but we actually recommend to get tested quite frequently to measure to projection of how you are developing. it is fitness but also if you are a smoker, to stop smoking and generally losing weight can improve. we
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don't need you to run a marathon tomorrow. it is an element of we just need people to do a little bit more exercise than what they do. i exercise than what they do. i definitely have no plans to run a marathon but for many even going through these sort of test can be intimidating so the prospect of a device being able to do something like this could come as a relief. and that's it for this edition of business today.
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hello, i am jack with the catch up. tonight a suspected poisoning in fiji. the woman who milkshakes nigel farage and some festive tractors. let's start on my up, a tiny french
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island near madagascar where more than half the population are under the age of 18 for the people living there have been an incredible amount of damage from a cyclone, the worst one therefore 90 years. several hundred baht to be dead and the mayor says people are now starting to die of thirst and hunger. more on the developing situation on the news app. some other news and the rapper �*s low tide has been cleared of raping two women in oxford in 2021. the rubber ah what happened was consensual sex and we giving evidence, he said what he was been accused of was not true and after two weeks, jewry found him and another man also accused of raping one of the women not guilty. foreigners in fiji have been sent to hospital with suspected poisoning after drinking pinnacle art is at this 5—star resort under the coral coast. the guest have been set to be
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sick. and remember this moment from the summer? victoria thomas aren't lodging a milkshake at nigel farage when he was running to be claxton mp. today she received 13 week suspended sentence and if she does not reoffend for a year she will avoid prison. tonight i will leave you with ten seconds of twinkling tractors, 150 in total took to be road this weekend, covered in christmas lights. for good reason as well, the drivers do to raise money for local charities. feeling festive. that is all for me, see you later.
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hello and welcome to sportsday. i'm gavin ramjaun. the battle of the noisy neighbours as england and wales are drawn together for next summer's european championship england's women are brilliant with the ball in bloemfontein as they take control in their one off test against south africa. and show me the money. for the first time in history, the us ryder cup team will be paid to compete. hello there, and welcome along to the programme. less than 200 days to go until the women's european championship begins. and on monday — the 16 teams competing could begin to see their path to the final as the group stages were drawn. it was the final group that provided the biggest talking point as defending champions england were not only drawn against one of the other favourites, france but also the 2017 champions the netherlands and their neighbours wales who are debuting at the tournament
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for the very first time.

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