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tv   Business Today  BBC News  February 12, 2025 4:30am-4:47am GMT

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he is in m he is in no hur to cut interest no hurry to cut interest rates and reiterated his commitment 7 bring” w " ” w bring inflation down. ’ inn];hiéfifihéhfi]???i " ,, 7 7hri7h7e7is7ia'c7ion7doi/vn.77€;£7 77 ,, bri he is iation do fleury. 77 7, powell wynter 7 powell wynter caditol 77 very very many 7 verymany for on 7 on the77 7 7 7 sfiiiibsfikir}; 77 figs said came ass said came the economy said came the economy is ;aid come the economy is strong e the economy is strong yyiths overall, emrmmu is strong, with,” , , ,, ,, at overall, emrmmu is strsss, with,” , , ,, ,, at 4% unemployment at li% and inflation �* off the unemployment at li% and inflation �*off the highs of inflation far off the highs of 2022. however, if legislators were looking for a signal that fwere lookingsforta sig as! that federal fwere lookingsforta signal that federal reserve will be the federal reserve will be to cut interest rates soon powell to again soon mr powell seemed to at pains to temper such be at pains to temper such hopes. be at pains to temper such ho es. ~ ,, be at pains to temper such hoes. ~ ,, _ be at pains to temper such hoes. ., _ , ., . hopes. with our policy stance now significantly _ hopes. with our policy stance now significantly less - hopes. with our policy stance now significantly less restrict | now significantly less restrict give than it had been and the remaining strong we do economy remaining strong we do not need to be in a hurry to policy stance. we adjust our policy stance. we know that reducing policy too fast or too restraint too fast or too much could hinder on fit the eat the same inflation. at the same time restraint to reducing policy restraint to or too little
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stem-1b; ef’tee'tittte's'edtd'" weaken economic activity employment. in considering extent timing oif the extent and timing of additional adjustments the fmc wills... incoming data additional adjustments the fmc ddue... incoming data in balance 77 balance of 77 7 fiéiafiée sick: 7 the balance of risks. one piece of data that — the balance of risks. one piece of data that mr _ the balance of risks. one piece of data that mr powell - the balance of risks. one piece of data that mr powell and - the balance of risks. one piece of data that mr powell and his| the balance of risks. one piece of data tha will powell and his| the balance of risks. one piece of data tha will be nell and his| the balance of risks. one piece of data tha will be able ind his| the balance of risks. one piece of data tha will be able to | his| the latest consumer which is out price index, which is out before the markets open on before the marketebperl or] it is before the marketeoperl or] it is forecast to wednesday. it is forecast to show why they are not in a show'why'they are not in a to cut rates hurry to cut interest rates with headline inflation stuck 2.9%. a lot better at 2.9%4; that�*s a tot better it a years ago, thah it was a fetal yearsaaee a a", still �*than thah it was a fetal yearsaaee a a", still �* than the president trump would stop ’resident trump would stop to sident trump would stop to the nt trump would stop to the nt tn ai p would like stop to the paris ai action summit now and the us and have refused to sign an agreement on international agreement on artificial intelligence. the declaration calls for an open, declaration. satts fer ahsoehtar , , ~ , , and ethical approach aim was signed by some 60 to aim was signed bysome 68 including coontries inclodihg france. china. coontries inclodihg france, china. us coontries inclodihg france. china. us vice coontries incloding france. china. us vice president india, china. us vice president jd india, china. us vice president jd vance explained why he 777775795 77 7 sign docume7nt. didn't sign the document. at this didn't sign the document. git this we
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didn't sign the document. fit this we the this moment we face the extraordinary prospect of a new one on industrial revolution, one on par with the invention of the en-ine or steam engine or bessemer steel, but it will never come to pass if overregulation deters innovators taking the innovators from taking the to advance the — -— nor will occur if we ball. nor will occur if we allow to become dominated by massive players looking to use the sack to censor or control. thoughts. the sack to censor or controt ,,,,,,,.s.s,..,,,,, thou~hts. , ~ the sack to censor or controt ,,,,,,,.s.s,..,,,,, thou~hts. w , uses' thoughts. mark ruskell is a director of — uses' thoughts. mark ruskell is a director of policy _ uses' thoughts. mark ruskell is a director of policy for - uses' thoughts. mark ruskell is a director of policy for the - a director of policy for the future live institute. he fcitcire of live institute, he why this decision explains why this decision from the and uk is a missed the us and uk is a missed, to provide opportunity to provide some degree of for the degree of governance for the industry. clearly this is a - opportunity - missed opportunity for governance of 7 7 artificial intelligence. this is the only summit here m paris and the united were china and the united states meet together to discuss important technology so this important technology so then failing to agree is a missed last missed opportunity last month the world's ai the world's leading ai scientist came out with m so in that amonst
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report saying that amongst other things we still have no credible plan ensure that credible plan to ensure that human ai systems credible plan to ensure that controllable. ai systems credible plan to ensure that controllable. and istems credible plan to ensure that controllable. and i tems remain controllable. and i uk, particular, when think uk, in particular, when they declared their non— signature they that the 7 7777d7e7c7lar7a7tio7n7 7 77 777e7e7§t§r7§£i757§éid7777 7 7 7777de7c7lar7a7tio7n7d7id77not draft declaration did not offer sufficient radical measures for sofficient radical measures for and i sufficient radical measures for and i think it's governance. and i think it's good to see at least good to see that at least some countries are aware of the when it comes to trade-offs. when itaeernes . in al trade-offs. when iteerneste _ in al that - trade-offs. when iteerneste _ in al that is- trade-offs. when iteerneste _ in al that is?- trade-offs. when iteerneste _ in al that is a big governance in al that is a big question that does it mean then that what does it mean then that the is signing up, given it777 itis 777 it is leading 7 it is leading the 7 it is leading7 the way it is leading7 the win with that it is leading the way with al. is that it is leading the way with al. , ., 777 that that the us not efifif�*ff�*ifi"? fhef eee 957? hi“ 77 777 7 to vice signing. listening to vice president pence's certainly 7— -7 a point about 7 a point about europ7e made a point—about europe to deregulate; , .| , needing to deregulatefwhich l was to expect to, but think was to be expect to, but i think he that i think he also signalled that there would have a the us and china to agree for the us and china to agree on potentially a more focused massages a ma; flame focused declaration around and focused declaration around extreme is extreme risks, which is something that i the something that i think the french could have managed to something that i think the french better. ve managed to something that i think the french better. ve i elii aged to something that i think the french�* better. ve to slightly better,
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to cut tape promised to cut some red tape when comes to ai, they seem acknowledge the that to acknowledge the fact that regulation can growth in regulation canstyrnie growth in area. regulationecanestymieegrowth in area. i regulation canestymieegro - '- area. “ regulation oanstymieegro - '- area. ~ , t, , this area. i think we should be mindful. the _ this area. i think we should be mindful i the fact _ this area. i think we should be mindful i the fact that - mindful of the fact that it isn't red tape that is holding the european union back. two m was no ma'or years ago there was no major digital regulation in and digital regulation in place and steel—— digital regulation in place and st'tll—— eu's ecosystem still the eu's aa ecosystem wasn't doing too well. i think wasn't doing too well, l think, shows it is access to analysis shows it is access to capitol the lack of a m single aa ecosystem lakes silicon valley that see you a disadvantage 7 7a77aisat7i§£ahtag7e7an7a7 7 7a77di7sat7h7/7antage7an7d7l777 at a disadvantage and i think is that the european 77:7: =— if: 7 "shootout” 77 thinks about sure union thinks about making sure that there is perhaps a single ecosystem rather than 27 member ecosystem rather thanr’e�*?member all for their states all fighting fertheir'” " " " ' ai champions. states allfighting fertheir as,” w alchamions. t, own ai champions. european _ president - own ai champions. european| _ president ursula £9mmission president ursula lane has hit bacca don peta lane has hit bacca don trump ausmat latest of 25% announcement of 25% aristotle global and global steel and aluminium into united states. imports into the united states. she said the tarus were bad the eu will head with the eu will head
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proportionate countermeasures". elsewhere the median prime justin trudeau has ministerjustin trudeau has the as oesttibeithe tarus as found —— about strong former undersecretary of the former undersecretary of for us trade this for the global what this means for the global trade environment. a what this means for the global trade environment. _ trade environment in trade deterioration in trade relations in had generally viewed as a positive and been viewed as a positive and mutually productive relationship europe and united states, but i 77 united states, but i think —= has choice but to he has no choice but to respond, i think this was he has no choice but to responc predictable; was he has no choice but to responc predictable and; he has no choice but to responc predictable and as a entirely predictable and as a result we are going have result we are going to have negative pressure on both is eff: s 77777i777s777g7°ing 777i757go7ing7tt7>7push 777i757go7ing7tt7>7ptish the economies, is going to push the us economy down and the european economy down. given that would _ european economy down. given that would be _ european economy down. given that would be the _ european economy down. given that would be the outcome - european economy down. given| that would be the outcome what is trump is missing so hard on this? i is trump is missing so hard on this? rm mutt: theatrics, and i think is pretty good at eretts grandest“ theatri'ss's' " " certainly do not always good the substance behind the atjhesubstance behind the but atfiesubstance behind the but is good at theatrics, but is good at stagecraft and i think some early success, with earls! seccesss araesetssmtb ~ , , and canada, smaller mexico and canada, much smaller and a much economies and a much more asymmetrical with
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asymmetrical relationship'wit�*n europe is a the us. europe is a larger and the us. europe is a in larger and the us. europe is a in a larger and the us. europe is a in a much larger and the us. europe is a in a much larger position and is in a much better position to back. 4 back. ., _ back. i, t, 4 back. ., ~' push back. how do you think ou're push back. how do you think you're i respond - push back. how do you think you're i respond and - you're will respond and what you're will respond and what you think will happen then? i think key elements to look think the key elements to look for is europe going to respond for is europe going to'resbond escalating, is for is europe going to'respond escalating, is going by escalating, is going to respond kind? ithink by escalating, is going to respond kind? i think is respond in kind? l think, is to be the latter, because is not 77 77 is nottrying 77 77 is not trying to put e -z on the7fire77, 77 7on7th7e7fir:,7bu7t77 on the7fire77, but it gasoline on the fire, but it want to be 100% passive doesn't want to be 100% passive so it has give a either, so it has to give a bit of a shcherbak to donald trump. tariffs are said to these tariffs are said to kick in, the deadline we understand march, doesn't give is 12 march, that doesn't give a lot of dipole steelmakers and a lot of dipote steetmakers and producers to change aluminium producers to change or adjust to how they do things. or adjust to how they do thins. ., , t, things. no, these are capitol and labour— gang lesser—intensive they (is-de lesser—intensive they were not industries, they were not likely to see donald likely to see what donald trump is some kind of of 77777o7f7joi3s77 7 77 777o7f7jot3shack7 77 7777o7f7j'obs back to7 7777o7f7jobs back to7 t7h7e relocation ofjobs back to the us expansion back to us, us expansion back to the us, —— this us expansion back to the us. —— this could take that's —— this could take months or years and some of these items we get these imported items we get by speciality allies
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4444 it7 ta kes7 7 it7 ta kes7 years to and it takee feea' ear to those in any put those together. in any event i would wss less at full employment, so there's not much event i would wss less at full employi in 1t, so there's not much event i would wss less at full employi in the ;o there's not much event i would wss less at full employi in the labour 5's not much event i would wss less at full employi in the labour marketnuch capacity inthe labour market that capacity intheelabour market that extra work in to absorb that extra work in any to absorb that extra work in an , modi 7 _odi will any event in united iiodi will any one nt in united states .l any event in united states and arrive in the united states and once rated a bilateral visit. once rated—aebilateral visit, donald trump to elmley prison donald trump to discuss trade, immigration, defence, and energy corporation wss indian's top trading was was indian�*s'to'p trading �* with trade partner with trade reaching $190 in 2023. we report partner with trade reaching $190 in 2023.�* the report partner with trade reaching $190 in 2023.�* the visit 't on the importance of the visit in the us relationship. harley davidson is an iconic brand from the us is imh- 77 side 7 77 sid7e �*us7president 7 77177rtjr7np. 7 7 777 7 77trur7np. import 7 777 7 77trur7np. import duties on motorcycle such as high—end motorcycle such as these, which trump often these, which trump is often criticised, were primitively cut by the indian government earlier this 50% to earlier this month from 50% to along with this terms were
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53505%. along with thissterms were lithium—ion cut on lithium—ion batteries and mobile phone companies that benefit american could benefit american companies that assemble phones in india. trade and tarus will in indies trade and tares'eeiti' ' " " the discussions between lead the discussions between two leaders and prime the two leaders and prime minister modi's lossl be on any trade avoiding any potential trade war. while trump hasn't 35.5, as any any specific india so far he has targeting india so far he has kept, pressure on, kept the pressure on, repeatedly saying that india's import duties were too high. media reports 7 media reports sa7y that see—ee— preparin7g77 7777 preparing; india is already preparing an additional list of tariffs on us products that could be le; fir’gfiu’c’ggthg’g eéuié in; �* with boost reduced further with good boost american to reduced further with good boost ametican to india. reduced further with good boost american to india. the american exports to india. the talks are also certain to us india to include us encouraging indie tr) more include us encdureging indie tr) more american include us encdureging indie it) more american military buy more american military hardware oil. a sticking hardware and oil. a sticking point the —— ethe ethe two men could —— ethe two men could be jus: 7?’ "u: :1: migration. just last week the us more than 100 ljs supported merethen 1.99 indian immigrants undocumented indian immigrants shackled in military plane, a shackled in a military plane, a side that created an uproar
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across india. there are across lndie. there are more across lndie. there ere more than across lhdia. there are more than 700,000 immigrants imhigrants without paplrwork in the us, issue trump most raise. and raise. find whiie india raise. find finiie india has ta raiseyand—white'india hes willingness to te reiseyand—white'indie hes willingness to back shown willingness to take back those who are deported, motor shown willingness to take back those ask» are deported, motor shown willingness to take back those ask fore deported, motor shown willingness to take back those ask for more irted, motor could ask for more legal resource for skilled workers, most of whom work in us tech mast of whom werk—in us tech from amazon most of whom work—in us tech from amazon to companies from amazon to alphabet, isa, of alphabet, there is a lot of sacral the us is india's sacral india, the us is india's top trading �*and an ally needs counter jana's it needs to counterjana's influence in the region for up narendra modi and chump, share admiration, be a test for this couchbea testfor modi's charm offensive. we'll be us cherrn'offensive. we'll be a eye on prime us cherrn'offensive. we'll be a visit >n prime us cherrn'offensive. we'll be a visit to prime minister modi's visit to washington to visit with president donald trump here on today. good if area are a harry area harry �*fan and 7 live 7 7 live in asia 7 live in asia as warner live in assigned arner live in assigned a �*ner 7 live in a: signed a joint brothers has signed a joint venture with china's group to create a
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internationalgrobptoscteate a park they surround the in shanghai. the franchise in shanghai. the deal is still subject to regulatory franchise in shanghai. the deal is still sui but to regulatory franchise in shanghai. the deal is still sui but if) regulatory franchise in shanghai. the deal is still sui but if green atory franchise in shanghai. the deal is still sui but if green ator it approval. bet if greshteft it ~— ~ w —— , be the second harry would be the second harry potter attraction in potter related attraction in china with other in the capitol of beijing. thanks for �*company here on capitol of beijing. thanks for �* company here on business yggggcompany here on business see you ygggicompany here on business see you soon.
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hey, it's lucy with the catch up. to apprenticeships and sabrina wins a brit. hamas said they would delay their release until further notice, accusing israel of breaking the ceasefire. haven't had any allergy awareness training. common. his mum says literally putting your child's life
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that's thanks to a company by the parents of 15—year—old natasha who died after eating food that wasn't labelled in england, you won't need gcse—level english and maths as long as you're at least 19. a year to complete the course. the first international artist to win this. she was stolen in 2017. this week, the rspca stumbled across her 200 miles away her owner said they never gave up hope.
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in a row. you are watching. round got under way with four ties on tuesday.
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staring at an exit in the spanish cup next week. for a stalemate. of yards out. the italian side with a 2—1 score line. borussia dortmund, they beat sporting 3—0 in the first leg so, this is a first when for dortmund manager, niko kovac, in his second game in charge. 0usmane dembele, he continued to form as psg took control in all competitions.
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