tv Business Today BBC News December 17, 2024 4:30am-4:46am GMT
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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. our technology correspondent has more. this law because on tiktok to be bound unless the chinese parent company sells it to a us chinese parent company sells it to a u , , a , a, to a us buyer. executives have been very _ to a us buyer. executives have been very clear _ to a us buyer. executives have been very clear that _ to a us buyer. executives have been very clear that they - to a us buyer. executives have been very clear that they have | been very clear that they have no intention of doing that. the law was upheld earlier this month by us appeals court, tiktok and by dance are appealing to the us supreme court and on monday they asked the supreme court to block the law on an emergency basis while they await an answer donald trump is giving the platforms 170 million american users some hope. 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
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and there are those that say tiktok has something to do with it. he expressed a similar sentiment as that one on the campaign trail. it's a departure on his stance back in 2020 when he was actually the one trying to ban tiktok here in the us. the ceo and many creators are celebrating donald trump's comments from monday, some making their livings the platform. the question remains how much legal leveraged donald trump actually has. that is because google and apple are major players in this story as well. they run the app stores where most people go to download tiktok to the devices and as long as laura manns on books, those companies could face a legal risk. no matter what donald trump thinks of tiktok. as businesses around the world gear up for donald trump to return
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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 my confidence level to the economy of the united states has dramatically increased with his victory. so, because of that, i am now excited to commit this
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$100 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 nearly 4% in tokyo on the back of that news. canada has a brand new finance minister — dominic leblanc. he was appointed after his 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
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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 2024, the mastercard economics insitute says that the spending picture for next year will be more upbeat. its 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 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
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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 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,
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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. 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
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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. 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. if you are looking at getting a loved one a wearable like a smartwatch or a ring for christmas you should know that there are new alternatives on
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there are new alternatives on the market. bbc click morrow has been checking out the devices with some going as far as replacing medical tests. this new start up and to do a similarjob without hard work. we will do with this small sensor is we measure the vibrations caused by the beating heart which we do buy you lying down and then measure 40 you lying down and then measure a0 seconds. the brain behind this is our algorithm and then seeing that hot reading into it and then we can assess the truck. ., u, and then we can assess the truck. ., .., .,, truck. you can get those readings from devices i truck. you can get those i readings from devices like truck. you can get those - readings from devices like an apple watch, how different is that to those devices? difference between these and those devices is you'll be able to do a spot, we can do a measurement from any one of the street right now for some they need several months of recording from you. but set a new light down.—
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recording from you. but set a new light down. age, weight and hei . ht are new light down. age, weight and height are entered _ new light down. age, weight and height are entered into - new light down. age, weight and height are entered into the - new light down. age, weight and height are entered into the app l height are entered into the app and you are ready to go. it's intended certainly at first for use by doctors is a more efficient and practical and for some with medical conditions safer option. we some with medical conditions safer option.— safer option. we have the results ready. _ safer option. we have the results ready. great. - safer option. we have the results ready. great. 0ne| safer option. we have the - results ready. great. one thing ou results ready. great. one thing you should _ results ready. great. one thing you should know, _ results ready. great. one thing you should know, we _ results ready. great. one thing i you should know, we recommend people is getting texted frequently to measure the protection of how you are developing. its fitness but if you are a smoker, there's something on your diet, or oxygen you're losing weight. you don't need to run a marathon to do it but some people might, it is an element of we need people to do a little bit more exercise. i definitely know plans to run a marathon before many even going through the sorts of tests can be intimidating. so the prospect of a device being able to do something like this could come as a relief.
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and before we go us markets had a mixed trading session overnight driven largely by moves in the technology sector. apple, tesla and alphabet touch new highs but nvidia slid by nearly 2% putting the stock firmly in correction territory. it's down more than a% in december alone. investors are also looking to a busy week for central banks. and that's it for this edition of business today. stay with bbc news.
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hello, i amjack 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 age of 18. people living there have seen an incredible amount of damage from cyclone chido, the worst one there for 90 years. several hundred thought to be dead and the mayor says people are now starting to die of thirst and hunger too. more on the bbc news app. some other news then, the rapper slowthai has been cleared of raping two women at an after show party in oxford back in 2021. the rapper argued what happened was consensual sex and when giving evidence, slowthai said what he was accused of just wasn't true. after two weeks, a jury found him and another man also accused of raping one
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of the women not guilty. five tourists and two foreigners living in fiji have been sent to hospital with suspected poisoning after drinking pina coladas at this five star resort on the coral coast. the guests are said to have been sick and displayed neurological symptoms. and remember this moment from the summer? this was victoria thomas bowen lobbing a milkshake at reform uk lead at nigel farage when he was running to be claxton�*s mp. today she has received a 13 week suspended prison sentence so if she doesn't re offend for one year, she will avoid prison. tonight i'm going to leave you with ten seconds of twinkling tractors, 150 of them took to the roads in the yorkshire wolds this weekend absolutely covered in christmas lights, for good reason, the drivers do it to raise money for local charities. gets you feeling festive, doesn't it? that's it from 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
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