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tv   Business Today  BBC News  January 8, 2025 11:30am-11:46am GMT

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donald trump jr drops into dreamland donald trumer drops into dreamland as his father tells denmark to give up the island. meta will end fact checking on
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its business as a united states, its boss blaming too many mistakes.— many mistakes. even if the accidentally _ many mistakes. even if the accidentally censored - many mistakes. even if the accidentally censored 1% i many mistakes. even if the accidentally censored 1% ofi accidentally censored 1% of posts, that is millions of people, we have reached too many mistakes and too much censorship. lli< many mistakes and too much censorship-— many mistakes and too much censorshi. , . , censorship. uk music sales rose to a new high — censorship. uk music sales rose to a new high last _ censorship. uk music sales rose to a new high last year, - to a new high last year, beating the previous record of 2001, when cd sales were at their peak. welcome, this is business today. restart in the united states, where president—elect donald trump has repeated his desire to take control of both greenland and the panama canal. at a press conference at his estate in florida, he shared more details of that aspiration, and has some of donald trump of that aspiration, and has some of donald trumer was actually in greenland on tuesday, and what he called a personal day trip to people. this is a very deliberate signal of intent, of donald trump's genuine desire to take over greenland.
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it is no coincidence that his son, donjunior, landed there. just here as tourists. it may look like he has come for a property viewing, trump style, before trying to buy the island. he says that is not the case. do you have a message from your father? he says hello. 0k. to you? we were talking to him yesterday. so he says hello to everyone in greenland. 0k, are you still interested in buying greenland? greenland is controlled by denmark, whose prime minister says it is very much not for sale. its strategic location, sitting between the us and russia, is why donald trump wants to take control. people don't really know if denmark has any legal right to it, but if they do, they should give it up because we need it for national security, that's for the free world. i'm talking about protecting the free world. in a very wide—ranging, freewheeling press conference, he listed all the countries in his sights. we want to get along with everybody, but, you know, it takes two to tango. revealing more of his global ambitions, he said he also
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wants control of the crucial shipping route the panama canal. it is essential, he says, for america's economic security. the panama canal is vital to our country. it is being operated by china. china! and we gave the panama canal to panama, we didn't give it to china. and they've abused it, they've abused that gift. he repeated his threat to put crippling tariffs on goods from canada and mexico if they don't tighten border security. and he announced a unilateral plan to completely rename the gulf of mexico. we're going to be changing the name of the gulf of mexico to the gulf of america, which has a beautiful ring. that covers a lot of territory. the gulf of america, what a beautiful name. joined by his special envoy to the middle east, donald trump says there has already been a lot of progress on efforts to release about 100 hostages held by hamas in gaza. he wants them freed before his inauguration in less than two weeks. if those hostages aren't back —
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i don't want to hurt your negotiation — if they're not back by the time i get into office, all hell will break out in the middle east. and it will not be good for hamas, and it will not be good, frankly, for anyone. all hell will break out. i don't have to say any more, but that is what it is. i, donald john trump, do solemnly swear... n under a fortnight, history will repeat itself when donald trump is once again sworn in as the us president. this time around he wants to use the power of his office to reshape the world in a way that puts america's — and only america's — interest first, threatening and warning other nations not to stand in his way. we will keep a close eye on any development there. elsewhere, there has been swift reaction from all sides to the news that meta will end third—party fact checking on its social media platforms in the united states. the company says it will use what is known as community
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notes, allowing users to comment on the accuracy of any posts. meta says that will promote free expression. all of this comes as mark zuckerberg and other tech bosses are preparing for that donald trump presidency. meta, the owner of facebook and instagram, will end its third—party fact checking programme and moved to a community notes a system similar to one that elon musk�*s platform x users. restrictions on contentious topics like immigration and gender identity will also end. ceo mark zuckerberg says the school promote freedom of speech which he hopes to prioritise over taking down misinformation. irate taking down misinformation. we build a taking down misinformation. - build a lot of complex systems to moderate content, but the problem with complex systems as they make mistakes. even if the accident sent a just one i% of posts, that is millions of people, and we have reached a point where it is too many mistakes and too much censorship.— mistakes and too much censorshi. ~' , ., censorship. mark zuckerberg and other tech executives _
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censorship. mark zuckerberg and other tech executives have - censorship. mark zuckerberg and other tech executives have madej other tech executives have made attempts to improve relations with president—elect donald trump before he takes office later this month. and just a day after facebook announced that somebody will be on the board. trumpet his republican allies have previously criticised meta for its fact checking policy, calling it censorship of fact right wing voices. misinformation experts have warned meta's platforms could become even more of a cesspool of misinformation. the changes only apply to the us at present, meta said there were no immediate changes to rule out the changes —— no immediate plans to roll out the changes in the european union. rolls—royce says last year was a bumper year. the luxury car—maker recorded its third highest ever annual sales figure, with 5712 cars delivered last year.
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they have doubled the size of the main uk facility. the boss told us how the past year has defied a downturn in the economy elsewhere. we are thrilled with _ economy elsewhere. we are thrilled with the _ economy elsewhere. we are | thrilled with the performance in 2024. thrilled with the performance in 202a. 0ur thrilled with the performance in 202a. our business strategy of rolls—royce, whilst we of course make motor cars, we produce handmade luxury goods using great craftsmanship and artistry at the home of rolls—royce and goodwood, and what we are seeing is more demand for more and more bespoke motorcars, which is why we are investing in the uk. how we are investing in the uk. how we work at rolls—royce is every single motor that we build by hand in goodwood is built at the request of a client, and the request of a client, and the spoke is really at the heart of rolls—royce, with which we create meaningful motor cars for our clients. so it could be as simple as a
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monogram, or it could be that in the headliner of the carpet we have an intricate display using many hundreds of pieces of fibre—optic cable depicting a consolation of the night sky, it could be the date that you were born and the location that you were born. we try to create something which is very meaningfulfor something which is very meaningful for our clients, and we are seeing a growth in demand from those clients for things which are more and more sophisticated. we are not overly dependent on one particular regional market in the world, that is important for our business model, we are extremely flexible and extremely flexible and extremely agile. the usa region is the largest one today, although the other ones are significant as well, but what we are seeing is growth across every region of the world in demand for these more complicated commissions. because not every client can come to the home of rolls—royce at goodwood, we are opening private offices around the world, and it is those private offices which are treating these more complicated commissions where a client can work directly with one of our
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designers to do we bring to life the rolls—royce of their dreams. life the rolls-royce of their dreams. , ., dreams. new figures from the music industry _ dreams. new figures from the music industry so _ dreams. new figures from the music industry so that - dreams. new figures from the music industry so that a - dreams. new figures from the | music industry so that a record amount of money was spent on recorded music in the uk last year. the digital entertainment and retail association says that the total £2.11 billion beat the previous record set in 2001, when cd sales were at their peak. streaming services are now driving sales, but vinyl sales have also continued to have a revival. let's talk to have a revival. let's talk to kim bailey, the chief executive of the digital entertainment and retail association. just define this force, first of all, what are we talking about when we say sales? it doesn't have to be physical goods, does it, it can be digital, online? absolutely, diuital, be digital, online? absolutely, digital. physical. _ be digital, online? absolutely, digital, physical, and - digital, physical, and streaming all combined together, and that is a £2.11 billion market now, the highest level in over 20 years, so it is a real milestone moment for
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the music industry to get back to rude health. do the music industry to get back to rude health.— to rude health. do we have to reconsider— to rude health. do we have to reconsider how _ to rude health. do we have to reconsider how we _ to rude health. do we have to reconsider how we consider . to rude health. do we have to reconsider how we consider a | reconsider how we consider a sale here? i will come to this in a moment about who actually owns it when you're streaming, or you have bought something digitally, but the way that the market is utterly transformed, that had a very difficult few years when it tried to get its head around what the future look like, is your assessment that we are in a really healthy place for uk music right now? absolutely, the market grew by nearly 8% last year, that was on the back of growth last year in the year before, so 12 years now we have consistently been seeing the music market improve, really, thanks to those streaming services which came into the market and monetise something that previously it was illegal file sharing, so from my perspective, we are definitely in rude health, and 70% of that revenue is flown back to the artists. �* . . . revenue is flown back to the artists. �* ., ., ., , artists. and that again is . uite artists. and that again is uuite a artists. and that again is quite a big _ artists. and that again is quite a big shift. - artists. and that again is quite a big shift. talk . artists. and that again is quite a big shift. talk to| artists. and that again is i quite a big shift. talk to me about the role of the music industry in terms of what the uk producers, it is a huge
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export, isn't it? absolutely, one of very _ export, isn't it? absolutely, one of very few _ export, isn't it? absolutely, one of very few industries . one of very few industries which is a net exporter of product in this country, and i think globally uk artists are able to monetise their work through these streaming platforms far better than in the past where you are relying on some physical distribution of their product. it really is in good health.— of their product. it really is in good health. of their product. it really is in aood health. ~ in good health. when we say we have bought _ in good health. when we say we have bought music, _ in good health. when we say we have bought music, who - in good health. when we say we | have bought music, who actually owns it when it is streaming or digital? because we were talking about this in the newsroom, are you going to our playlist, and somebody something has disappeared because there has been a row over rights. if you don't physically hold it in your hand, what ownership do you really have?— really have? you don't have ownership. _ really have? you don't have ownership, in _ really have? you don't have ownership, in the _ really have? you don't have i ownership, in the subscription world, you are effectively subscribing to a service which gives you access to the product thatis gives you access to the product that is on that service at that time. and i think that is partly why we have seen the vinyl market to grow so exponentially over the past 17
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years, because actually fans of music want to own something physical as well, they want to feel that even though the access that music on the spotify or amazon subscription, they can then look at the liner notes, look at the artwork, and feel they have bought into that artist. it feel they have bought into that artist. . , feel they have bought into that artist. ., , ., , artist. it really does feel like that _ artist. it really does feel like that has _ artist. it really does feel like that has had - artist. it really does feel like that has had a - artist. it really does feel l like that has had a revival. talk to me about the artists, you touched on it, lots of disputes about whether they are being paid correctly for the work that they create, and has been a shift in that as well, more that album getting back to people who create that stuff. absolutely, from a substance point of view, they pass that 70% of what they bring in from the customer straight to the music industry, they are not involved and how that is divided up between particular artists. another is the only streaming world, an artist and monetise their product over a lot longer period, so you are notjust dependent on day one sales of your cd or vinyl album, you will make that money for 20 years in smaller proportions.— for 20 years in smaller proportions. for 20 years in smaller --roortions. , ., ., ~ proportions. very good to talk to ou, proportions. very good to talk to you. kim — proportions. very good to talk to you, kim bailey, _ proportions. very good to talk to you, kim bailey, thank-
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proportions. very good to talk to you, kim bailey, thank you | to you, kim bailey, thank you so much. that is your business today. see you very soon. goodbye.
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hello from the bbc sport centre. we were expecting to hear from the west ham managerjulen lopetegui in around an hour's time, previewing friday's fa cup tie at aston villa, however that press conference has now been cancelled, fuelling speculation that the spaniard is about to lose his job. west ham have won just two of their last eight games and are seven points above the relegation zone. i wasn't having him from the moment_ i wasn't having him from the moment he arrives, really. i thought— moment he arrives, really. i thought it _ moment he arrives, really. i thought it was a bad decision from — thought it was a bad decision from the _ thought it was a bad decision from the club to let david moyes _ from the club to let david moyes go, i know a lot of fans
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think— moyes go, i know a lot of fans think differently, but itjust

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