tv Business Today BBC News January 20, 2025 4:30am-4:46am GMT
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to restore access for american users on his first day in office. our reporter suranjana tewari is outside the head office of tiktok�*s owner bytedance in singapore. thank you forjoining me. 12 hours offline, how did it get pack online? katie, it is quite a turnaround. 140 million users in the united states. the app went offline on saturday evening and as back by sunday noon time. and that's because, apparently president trump said once he's in office, he'll work to restore the services for us users. now, it all start would a law passed —— started with a law passed by congress last year that sought to ban the app, unless the owners, the chinese owners, and the headquarters are here in
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singapore, of bytedance, unless the owners sold the us operations or faced a ban. the owners sold the us operations orfaced a ban. that law was due to take effect on sunday. now, there are lots of questions around trump's intervention, it's not clear whether an executive order can actually reverse the ban, or it can just buy some time for a deal to be reached. trump actually said the us government could take up to a 50% stake in a new entity involving tiktok. 0f a new entity involving tiktok. of course, there's lots of concerns in the us regarding tiktok, regarding bytedance potentially giving sensitive information to the chinese government. bytedance denies all of that, but has taken a number of steps to distance itself from the chinese owners, including moving the headquarters to singapore as part of that effort.— headquarters to singapore as part of that effort. thanks for our part of that effort. thanks for your reporting- _ 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.
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one of them is lauren godwin, who has over 22 million followers on tiktok. she explains how she was impacted by the temporary ban. it has definitely been a really emotional 12 hours. i mean, the ban was only out for 12 hours and seeing it go was definitely very emotional for me because i have been on the app since before it was tiktok, i have been on at seven years since it was musicly. this is where my whole life is, i've grown so many opportunities that monetisation things so seeing it kind of go like from not only for me but from 170 million americans, over 7 million businesses on tiktok, it definitely wasjust 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
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in the app, and seeing this morning having all of my friends that i've made over this app contacting me and being like it's back! it feels like christmas, basically, so being back on it today was super relieving. amazing, amazing. 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? 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 or 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 all the in—betweens
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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 i'm currently posting these things that have so many brand partnerships and it all disappearing in one second was you know quite startling. a liquidation hearing for chinese property developer country garden has been adjourned until may 19th. the company is looking for more 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. as the world economic forum kicks off in davos, a new report from 0xfam says the collective wealth of the world's billionaires rose three times faster last year than in 2023. it warnings —— it warns of the growing power of the
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super rich. the annual gathering will take place in switzerland this week. to the us, where donald trump will be inaugurated in less than 24 hours. the president—elect has promised a strong america first and tariff—led protections trade policy, with low taxes and lower government spending. so, who are the people who will shape what some people are calling trumponomics 2.0 and how will they work together? 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
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adviser in the first trump administration, will lead 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 of silicon valley and reflect
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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. so those are the players but what about the policies? donald trump has vowed to issue a slew of executive orders on his first day in office, including 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
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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 the possibility of a new trade deal, so i think both sides
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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. the likes of vietnam, india, potentially benefitting from tariffs last time around. now we're hearing about high tariffs. how will it play out for them?— tariffs. how will it play out for them? ., for them? here in the region, the countries _ for them? here in the region, the countries that _ for them? here in the region, the countries that probably i the countries that probably have the greatest worry about are those that have large trade surpluses with the us. so, vietnam, for example. so those are countries that, you know, did benefit over the last eight years or so as supply chains
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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.
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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. 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 0nana 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 3—4—3 formation,
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