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tv   Business Today  BBC News  January 31, 2025 11:30am-11:46am GMT

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ramping up the rhetoric — president trump and apple shares rise as earnings now, it s five years to the day that the uk officially britain outside of the eu — free to form its own trading relationships with the world — liberated from the restrictions of membership to europe s political and economic consequences.
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last year s anniversary was marked with a government report outlining the benefits of brexit. the new labour pm, sir keir starmer, is looking for a "reset". earlier, i asked the trade economist i think it simple. there is no sign of immediate sign of an economic dividend. if you at dividend. if you look at the we have seen over dredictions we have seen over years of lower productivity exports 7 exports imports j exports imports gdp; jexports imports gdp; we all of are in a situation where all of those indicators lower those in’difattjrsare lower and are those in’dioetorsere lower end are very those in’disetorsere lower end are very sluggish. we are they are very sluggish. we are not seeing the economic dividend. dr rebecca harding, s-ueakin dividend. dr rebecca harding, speaking to — dividend. dr rebecca harding,
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speaking to me _ do you agree with the no benefits as far as doctor, no benefits as far as the uk is concerned with from economists that consensus from economists that the leaving the eu has been t—— 7 for tle economf for the uk economy. there a difference of o-inion on is e differense of qeiftiqfl on �* much the is s diffsrenss of soinisn on �* much the has been. is s diffsrenss of soinisn on office the has been. the office for budget responsibility has given the central figure as being a 4% responsibility has given the central figl some neing a 4% responsibility has given the central figl some would 4% responsibility has given the central figl some would argue it hit to gdp. some would argue it less, some say it is is less, some say it is more. but either way, it definitely hasn't been good. exports have been hit in the uk a lower ”7 alower trade so has a lower trade intensity. so broadly, it hasn't delivered oressty. it hssn't deliveries . ~ ~— ~ w was broadly. it hasn't detiverss! ~— —————~——~———~ was ., what wss expected”, have asked
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what was expected”, have asked what what was expected”, make ve asked what what was expected”, make of asked what what was expected”, make of it sked what what was expected”, make of it and what what was expected”, make of it and it hat what was expected”, make of it and it is t what was expected”, make of it and it is not 7 sir keir starmer is 7 s to eir starmer is 7 s to brussels er is 7 s to brussels on s 7 s to brussels on monday, heading to brussels on monday, to get idea of how hopefully to get an idea of how this reset would work. on what and the depending on what he and the eu thinks would work, how look in order to make it 7-7 ,,,,. z 7' 7_”7 " w 7 there is a view on z 7 ' 7—" iew both that there are too many sides that there are too many barriers. we geographically and it 77 77 j anditis 77 77 j and it is too 77 j and it is too hafd j and it is too hafd to j between zoo hafd to j between us. 1afd to j between us. that :o 5 between us. that is j trade between. oselhatris a, . .a... m a by trade between. eselhatrise , we , w s by the and the shared by both the eu and the uk. but has be decided uk. but what has to be decided is how far you can go. the uk government has ideas around an on and agreement on food and drink trade. eu has some ideas trade. the eu has some ideas about mobility and they about youth mobility and they have some issues as well. both sides have to a package measures that will 7 7 measures that will make 7 7 measures that will make a 7 = we heard last week
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hwellim " " ' ' hwellim ”hit; 7 " " " ' ' well "in; sf w ' ' ' ' 7 77well7777 77 hug; of7orig7in 7 7 7 7 as well about rules of origin so there are for the uk so there are things for the uk and eu to agree and those 7are starting. discussions arestarting. the minister's is more security on but abodt secdrity on monday. but is a common that is also a common challenge. they also be challenge. they will also be about procurement in talking abodt procdrement in of security, so there are terms of security, so there are a lot of issues discuss. a lot of issues to discuss. better, relations are setting :' 7777777777 it pe'atm�*s as gettr�*g be“; " " it will take two pe'atm�*s as dettr�*d be“; " " it will take two or three pe'atm�*s as dettr�*d be“; " " it to ltake two or three pe'atm�*s as dettr�*d be“; " " it to see le two or three pe'atm�*s as dettr�*d be“; " " it to see results. �*three gelatleoe ate efim w," m ”a, it to see results. �* . j one of 7 one of those 7 take one'of'those'examoles. the issue here ta he one'of'those'examoles. the issue here is overar’ehing issos hers is that is all we have �* a �*a number of �* a number of weeks heard for a number of weeks now. the prime minister has a growth drive. how that sit growth drive. how will that sit with brexit? the example i am to ta ke to take what 77 7 7 77to77take7 777w7h757t hilt 77 7 7 77to77take7 7w7h757t hilt take on the eu have an measure that launched an ai measure that kicks in on sunday. the uk and ai, they want loose kicks in on sunday. the uk and ai, they w to loose kicks in on sunday. the uk and ai, they w to allow >se that regulation to allow for that growth, so how is it going to
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regulation to allow for that i growth, so - going to regulation to allow for that i growth, so -ing to regulation to allow for that growth, so work? most likely, in terms of regulation _ work? most likely, in terms of regulation of _ work? most likely, in terms of regulation of goods, _ work? most likely, in terms of regulation of goods, that - work? most likely, in terms of regulation of goods, that is i regulation of goods, that is things like food and drink and have similar regulations. if we have similar regulations. if we have similar regulations. if we are lined them that asses w�*s? “3531's me�* 7 ' " ' ' businesses asses w�*s? “3531's me�* 7 7 77 7 7 businesses to ass is '3sg the; "'s “35 7 7 77 7 7 businesses to more allows uk businesses to more easily trade with the and easily trade with the eu and vice versa. in services like artificial it and artificial intelligence, it and financial it's less that there 7 7 77th7atthere7will7 7 7 77th7at7there7will he777 likely that there will be we will slightly own way while still go our own way while still trying to trade. that of trying to trade. that kind of situation is possible where we in some but not in that would others. that would still some growth through barriers. we can redeeing barriers; tale ssh , . ~ , growth through things generate'growth'throogh'things happened between the uk generate'growth'throogh'things the pened between the uk generate'growth'throogh'things the eu. ed between the uk generate'growth'throogh'things the eu. tote etween the uk generate’growththrough'things - the eu.-een the uk| generate’growththrough'things - the eu. e uk generate’growth'through'th' 9 the eu. ~ ., ., [m and the eu. if;7§s s , , , of ie and the eu. if;7§s s , , , of 11mm and the eu. if;7§s s , , , of mm lots of fudges. it's going to be lots of fudges. it's going to i be complicated. - henig, you ass???
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to the us now — and we're all asking, will he, won't he, — as the self imposed deadline set by president trump speaking on thursday, the president said it was yet to be decided if oil would be included in the 25% tariff we will announcing the tariffs on and mexico tariffs on canada and mexico for a of reasons. number is people — ri into our country is a import into our country is a horribly and so much. number dru-s drugs have come two, the drugs that have come into the country and number three, the massive subsidies we are giving to canada mexico §f§ fiisififi es ssfisas assesses the st fiisififi es ssfisas sfiefisgifi the of deficits. st éislfifi es ssfisas sfiefisgifi the of deficits. and i puttin7g77777 as i: putting the tariff of will be potting the tariff of on canada and separately 25% on canada and separately on mexico. we have to do 25% on mexico. we have to do that because we have very with those countries. may or 7 may or may not those tariffs may or may not rise with time.
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there is way to know until the decision is made. the the decisionwis made. the have been expecting markets have been expecting some of tariff some form of tariff since trump was announcements since trump was elected, to the that the sis'tsd t“ tiss sstsst tisstti�*s secretary has commerce secretary has —e,——:—e with major trading partners the us�*s major trading partners to be ready by the 1st of april, when a more serious mechanism enforcement nsechanisns is to take enforcement mechanism is to take place. as expected to take place. as for the measures that expected the measures that are expected to come into tomorrow, we to come into force tomorrow, we are still in the dark about the of some of them 7 canada and canada and are because canada and mexico are also the two largest also among the two largest importers of us goods. so they have the ability to retaliate against the us. it also remains unclear because in a separate president trump said statement, president trump said the intention of the 25%
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to curb 7 77 toga, iiieg737i7 tariffs is to curb illegal immigration as well as the input of opioids and specifically fentanyl. in that input of opioids and specifii it ly fentanyl. in that input of opioids and specifii it is fentanyl. in that input of opioids and specifii it is feni a iyl. in that input of opioids and specifii it is feni a traditional sense, it is not a traditional trade war, since the intention 7- than merel the and in his latest tariff threat, president trump has warned off brics member countries from we be watching that and it to you on binging it to you on business, following the release of the chinese ai—chatbot, deepseek. of over a trillion dollars
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was triggered. (mix scr y)well but one of the big players least affected was apple. apple shares rose over 3% on thursday after reporting its first quarter earnings. revenue was better than analysts estimated, apple beat wall street �*s quarterly profit estimates. rose 1t% to $124 billion revenue rose 4% to $124 billion in the fiscal first quarter, iphone 7 iphone sales 7 iphone sales and china even as iphone sales and china revenue for the holiday quarter where due to where week, due to tough chinese competition a slow chinese competition and a slow roll—out of ai chinese competition and a slow roll—out of al the show 77 7show that 777show7t7h7a7t7appl7e7 77 777show7t7h7a7t7appl7e7is77 results show that apple is struggling to catch in
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struggling to catch up in china, one its biggest china, one of its biggest markets, with an 11% drop in sales there. local smartphone have become popular in the and are taking sales region and are taking sales away from the iphone. the company's ai platform apple intelligence also doesn't ulster sales of its flagship still, apple's device. still, apple's overall sales and profits were stronger than expected sales and macs when new of ipads and macs when new chips persuaded customers to update. havoc emerged in the tech �* this week tech sector this week following the of the chinese ai tech sector this week following the deepseek. e chinese ai tech sector this week following the deepseek. but inese ai tech sector this week following the deepseek. but in 5se ai start—up deepseek. but in to other tech firms contrast to other tech firms like nvidia, apple taken big hit from the news. one z= that it 7 that it seen z— ssse—zss e e for is cheaper positive for apple, is cheaper ai could encourage ai models could encourage to upgrade their customers to upgrade their iphones, real iphones, kick—starting a real acceleration in growth. artificial intelligence.
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zoe picks up the story... this is a book that i was given for christmas and it really gave me a bit of a shock. it's got my name on it, it's 240 pages long. so it's got some details about my life, places that to do with me. i think it says quite a lot, doesn't it, about where we're going with the power of artificial now, in my opinion, it could do with a bit of an edit. there's a lot of inaccuracies in it. i think it needs an
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editor's red pen on it. to copyright law to get the balance between making and protecting the rights short—term pain in adults, has been approved by the us
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i want bring you some breaking news from colombia. president breaking newsfrom colombia. president gustavo the colombian president gustavo petro has urged undocumented colombians the states colombians in the united states to quit their immediately return to colombia. 7 return to colombia. he 7 and return to colombia. he posted on x "i ask dostedonx "l askundocumented in the us to colombians in the us to immediately leave their jobs colombians in the us to immediately leave theirjobs in that country and return to as as possible. colombia as soon as possible. wealth is only by the wealth is preeucee enl�*,’ by the people. the wealth is prseuces ehl5, b5,' the people. the department working people. the department of social will seek provide productive to to provide productive loans to those who return and enrol in its programmes". ends its programmes". he ends the post build social wealth post "let's build social wealth in colombia. this course in colombia. this of course comes spat between comes after that spat between him president trump. you him and president trump. you attest” that him and president trump. you maltese" that president will remember that president trump some us planes with
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trump sent someelais planes with back to z: 7 zrzsss sass lthey 7 7 7they were
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