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tv   Business Today  BBC News  January 20, 2025 3:30am-3:46am GMT

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our reporter suranjana tewari is outside the head office of tiktok�*s owner bytedance in singapore. thank you forjoining me. tell me, how did it all happen, about a 12 hour ban and lots of to—ing and fro—ing, give us the details. katie, it is quite a turnaround. on saturday night, tiktok, owned by the chinese company bytedance and headquartered here in singapore, went dark and that's because a law that was passed by congress last year and had bipartisanly support kicked in to effect on sunday and tiktok�*s owners that they had no choice than to make the app go dark. come sunday noon in the us, the app was back and uses got a pop up, saying "as a result of president trump's efforts, tiktok is back in the
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us". as i mentioned, that law, but called for bytedance to sell its american business or face a ban, and that's over concerns that breakdanced concerns that brea kdanced shares concerns that breakdanced shares information with the chinese government. now, it is not clear how president—elect, what president—elect might do with the band, it's not whether he can reverse it or whether he can extend the law coming into effect. he actually said that he would issue an executive order that would extend the implementation of the man and that even the us government might take a stake in a new entity of tiktok, we will have to see when he ex—power on monday what he does with the app. monday what he does with the a. ._ ,, ., ., ., monday what he does with the a... ,, ., ., ., ., ~' monday what he does with the the uncertainty over the future of tiktok in the us has caused concern for the many content creators and influencers who have built up huge audiences on the platform. one of them is lauren godwin, who has over 22 million
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followers on tiktok. she explains how she was impacted by the temporary ban. it has definitely been a really emotional 12 hours. imean, the i mean, the band was only out for 12 hours and seeing ago was definitely very emotional for me because i have been on the absence before it was tiktok, i have been on at seven years since it was musically. ethically, this is where my whole life is, i've grown so many opportunities that we quantisation things so seeing it kind of go like from not only for me but from 170 million americans over 7 million americans over 7 million businesses onto clock, it definitely was just like, you know, very scary for me because this is my livelihood and everything like that but also taking away all of the memories of all of the years and seeing, going to sleep at night and seeing that i could no longer, it was like muscle memory trying to get back in the app and seeing this morning having all of my friends that i've made over this up
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contacting me and being like it's back! it feels like christmas, basically, so being back on it today was super really big. back on it today was super really big-— back on it today was super reall bi. �* . ., ., really big. amazing, amazing. as we said _ really big. amazing, amazing. as we said 22 _ really big. amazing, amazing. as we said 22 million - as we said 22 million followers, huge. can you give me an idea, and i appreciate you may not want to give me the financial in and out, but how much an influencer of that proportion could make and how important it is do you? at}! important it is do you? of course. — important it is do you? of course, yeah, no, so most of my income comes from monetisation, like, my monetisation comes through brand partnerships, so a brand will come in and you know they will either want to meet you may of an upcoming song for a clothing brand or anything like that. it can rarely range from anywhere from you know — i've seen videos of influencers getting paid 50,000 for a video, 100,000 for a video, so it really depends on what the in between is of how long your video is or if you want to do a long—term partnership with them, which is what i've been currently doing. so taking away the app while
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i'm currently posting these things that have so many brand partnerships and all disappearing in one second was you know quite startling. i can you know quite startling. i can imauine, you know quite startling. i can imagine. very _ you know quite startling. i can imagine, very destabilising. i imagine, very destabilising. this is only a 90 day reprieve. what do you see playing out? are you still nervous? i what do you see playing out? are you still nervous?- are you still nervous? i am still nervous, _ are you still nervous? i am still nervous, obviously - are you still nervous? i am still nervous, obviously i i are you still nervous? i am l still nervous, obviously i was very happy when it came back but it definitely has taught me, you know, iam on but it definitely has taught me, you know, i am on other platforms like instagram, snapchat, youtube but i'm really going to focus on my presence on there as well and putting my content on there as well so other people can find me because that being my main platform, you know, it definitely takes a folder for chunk of followers away so i will focus on those, under other people are focusing on other people are focusing on other apps like rednote, people were saying that is the next tiktok basically, ijust don't see it being the same as to what, tiktok feels very irreplaceable to me, i don't
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know how powerful that is, but i'm basicallyjust going to keep posting on the app and doing what i do best, making content, and just trying to go to other apps as well and gain some traction on there. influencer lauren godwin. donald trump has promised a strong america—first and tariff—led protectionist trade policy with low taxes and lower government spending. so, who are the people that will shape what some are calling �*trumponomics 2.0'? will they work together? from new york, our north america business correspondent michelle fleury has this report. so, the next trump administration is here. what will the president and the many members, formal and informal, of his government get up to this time? everyone wants to know. when it comes to the economy, think of them as trump's class of 2025. in the first group are the clean cut, mainstream bunch, the wall street guys. scott bessant, a hedge fund leader, will be treasury secretary. kevin hassett, a senior adviser in the first trump administration, will lead
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the national economic council. and well—known wall street figure howard lutnick will be commerce secretary. these men are familiar to the market and share high finance's love of free trade and deregulation. but they may bump into this next bunch — the subversive outsiders, the america first crowd. trump's once—jailed former aide peter navarro is a trade adviser. jamieson greer is due to be us trade rep. he played a key role in imposing tariffs on china during trump's first term. like their boss, these guys love tariffs and protecting us industry — not always to everyone's taste. and then, there are the newest faces in trump world, the cool kids, or are they the geeks? the tech bros. elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency, they're also from the heart
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of silicon valley and reflect donald trump's fresh enthusiasm for the tech sector and crypto. so, how will these very different agendas be made into one? he's notjust getting one echo chamber, but actually having different views about what to do, what the impacts will be and then, he's gonna make the decision — as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions, struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global economy. michelle fleury, bbc news, new york. sorry, those other players but what about the policies? —— so, those are the players but what about the policies? donald trump has also vowed to issue a slew of executive orders on his first day in office, including
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a crackdown on immigration. adrian ang, a research fellow and expert in us politics at rsis explains what we can expect in the coming days. trump will move first on domestic politics, as you mentioned. there's talk of immigration crackdowns on the first day of his administration. and i think countries around the world, and especially in the region, are looking to see whether he promises his promise to impose 25% tariffs on goods from canada, from mexico and china. it's a very different policy environment now. china's economic place in the world is very different to what it was a few years ago. how do you think that that's going to change the way the two — the world's largest economies will negotiate? so, there is already talk from president trump that he has spoken with chairman xi and they had, quote unquote, good interactions in terms of a number of issues. the chinese government has sent the vice president to trump's inauguration. so, there is talk of
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the possibility of a new trade deal, so i think both sides do not want a trade war. if we — last week, marco rubio's testimony to the senate foreign relations committee has said that the administration does not want to go into the next four years with a cold war mentality, so i think there is, i think, some chance that they will work things out but i think everybody has to be prepared for the worst. as the world economic forum kicks off in davos, a new report from oxfam says that the collective wealth of the world's billionaires rose three times faster last year than in 2023. the charity also warns of the growing political power of the super rich whilst highlighting that the number of people living in poverty has barely changed since 1990. the annual gathering of some of the world's richest individuals will take place in switzerland this week. a liquidation hearing for chinese property developer country garden has been adjourned until may 19th. the company is looking for more
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time to try and reach an agreement with creditors in order to restructure its debts. country garden's lawyer says the firm expects to reach agreeable terms with creditors next month. the developer reported a loss of $24 billion in 2023. and that's it for this edition of business today. thanks for watching.
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hello, welcome to sportsday with me, chetan pathak. coming up on the programme — maybe the worst manchester united team in history: those are the words of the manager after yet another premier league defeat. murphy wins the masters, holding off a kyren wilson comeback to take the title in a thrilling final. and hatton holds his nerve to win the dubai desert classic by one shot. welcome along. thank you forjoining us. we start with some brutally honest words from the manchester united manager ruben amorim, who's labelled his team "maybe the worst" in the history of the club.
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it follows their 3—1 premier league defeat at home to brighton — their fourth loss in five at old trafford and the tenth game they've lost in total so far this season. a disastrous mistake from united keeper andre onana allowed brighton's georginio rutter to round off the win for the visitors. it leaves united 13th in the table within ten points of the bottom three. amorim insists he's going to keep his 341—3 formation, despite admitting his players are struggling to adapt. i'm not going to change, no matter what, and i know we can succeed but we need to survive this moment because i'm not naive and i know that we need to survive now. so we are being the worst team maybe in the history of manchester united — i know that you want headlines — but i am saying that because we have to acknowledge that and to change that.

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