Skip to main content

tv   Business Today  BBC News  December 17, 2024 3:30am-3:45am GMT

3:30 am
tiktok has launched an appeal to the us supreme court 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 won we will take a look at tiktok. i have a warm spot in my heart for tiktok because i won the 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. during his first term in office
3:31 am
trump led the call to ban tiktok on the grounds that it represented a threat to us national security. as businesses around the world gear up for donald trump to return to the white house, japan's 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. the 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. i would like to celebrate the great victory of president trump. and — victory of president trump. and my— victory of president trump. and my confidence level to the economy— and my confidence level to the economy of the united states has dramatically increased with — has dramatically increased with his _ has dramatically increased
3:32 am
with his victory. 50. _ with his victory. so, because of that, i am now excited — so, because of that, i am now excited to— so, because of that, i am now excited to commit this $100 biiiion— excited to commit this $100 billion and 100,000 jobs. the — billion and 100,000 jobs. the 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 it before trump leaves office in 2029. the commitment a clear win for trump who made the economy a centrepiece of his presidential campaign and then it 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 11% in tokyo on the back of that news. we will keep an eye on the shares as we go through the morning. canada has a brand—new finance minister — dominic leblanc. he was appointed after his
3:33 am
predecessor chrystia 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 once he takes office. 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 20211, 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. the way we are thinking about this from the perspective of the mastercard economics nymex institute is 2025 is likely to be the year where we get the more sustainable level of growth and get an idea
3:34 am
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 lower 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? a lot will depend on what does materialise and there are many folks who are getting more nervous about the impact that can have. the way we look at this is it diverts investment into other places around asia pacific or even further afield to diversify supply chains and more investment is quite positive. there could also be positive outcomes from trade
3:35 am
negotiations. i think that is something we are waiting and watching for. we 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, we 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 multi—year highs up close to and 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.
3:36 am
you have interesting insights on travel spending and remittances. can you briefly 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 that were 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 going elsewhere in parts of thailand versus bangkok? this kind of travel trend stories of one thing we bring out in the report. wearables like 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
3:37 am
one measure to represent your ca rdio—respiratory fitness and your oxygen deficiency, a vo2 max test does that. it may also be the best single measure for your life expectancy. the thing is you usually you have to go through this. the dreaded exercise test, the dreaded exercise test, pushing me to my limits. pushing me to my limits. are we over ten minutes? are we over ten minutes? keep going. keep going. loads of data comes loads of data comes out of this. out of this. but the important bit — but the important bit — the v02 max estimation — the v02 max estimation — is the number that describes is the number that describes your cardiovascular fitness. your cardiovascular fitness. it's the measure of how much it's the measure of how much oxygen your body consumes oxygen your body consumes whilst going through this. whilst going through this. really good effort. really good effort. and it does this to your hair. and it does this to your hair. it was so frustrating it was so frustrating because it was not actually because it was not actually feeling that difficult feeling that difficult and suddenly got and suddenly got really hard and my legs really hard and my legs could not keep going. could not keep going. that is kind of how it goes that is kind of how it goes but you did a greatjob. but you did a greatjob. a great effort. a great effort. we think you should, we think you should, based on your age and size, based on your age and size,
3:38 am
be achieving a score of 29.5. be achieving a score of 29.5. you are actually achieving a score of 37.5.
3:39 am
what is different is we can do an on—the—spot measurement, i can get someone on the street and get an accurate measurement right here and right now. they need several months of recordings from you. that is it? that is it. age, weight and height are entered into the app and you are ready to go. it is intended at first for use by doctors as a more efficient, practical and for some with medical conditions safer option. we have the results ready. want to see where you are at? one thing is your number but we actually recommend to get tested quite frequently to measure the projection of how you are developing. it is fitness but also if you are a smoker, stop smoking and something in your diet, generally losing weight can improve with it. we 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 today. i definitely have no plans to run any marathon but for many, even going through these sorts of test can
3:40 am
be intimidating, so the prospect of a device being able to do something like this could come as a relief. that is quite something. plenty more on all our stories are on the website. you can see a story on trumped meeting the ceo of tiktok. more at the top of the hour. do stay with bbc news.
3:41 am
3:42 am
3:43 am
hello. i am jack with the catch—up. tonight, a suspected poisoning in fiji, the woman who milkshaked nigel farage, and some festive tractors. let's start in mayotte, a tiny french island near madagascar where more than half the population are under the population are under the age of 18. people living there have been an incredible amount of damage from a cyclone, the worst one there for 90 years. several hundred are believed to be dead and the mayor says people are now starting to die of thirst
3:44 am
we start with some breaking news out of the us first and three people are dead and three people are dead and at least six others injured after a shooting at a school in madison, wisconsin. thejury the jury found them not guilty. several dead after drinking pina coladas. remember this moment from the summer? it was victoria thomas bowman lobbying a milkshake at nigel farage when he was running to be clear an mp. she has received a 13 week prison sentence if she doesn't reoffend, she will avoid prison. and tonight i will leave you with ten seconds of twinkling tractors. 150 took to the roads in yorkshire this weekend, covered in christmas lights. it is for good reason — the drivers do it to raise
3:45 am
money for local charities. get to feeling festive, doesn't it? that is all from me. see you later. 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
3:46 am
until the women's european championship begins,

6 Views

info Stream Only

Uploaded by TV Archive on