tv Business Today BBC News February 24, 2025 3:30am-3:46am GMT
3:30 am
outjust how much it's boosting business revenue. hello and welcome to business today. i'm steve lai. germany's centre—right cdu party are on course to win office in the country's pivotal elections, with their leader — friedrich merz — set to take control of europe's he wants a new government in place by easter. the euro opened higher in asian trade on monday as investors continue to monitor election results. germany's economy is so important to the european union for some time now.
3:31 am
in china but also here in asia more broadly. of those vehicles run all through asia, places like thailand vietnam and india. and europe exports three times as much to the us compared to china, so he may want to invest in that relationship. china does have some leverage. part of germany's economy, plus sales of german vehicles are down in china, with such stiff competition from local brands now.
3:32 am
autocracies". is not able to rely on the us as much going forward. proposals on tariffs and immigration have raised alarm bells about their impact on the global economy. for growth in the us or the global economy. their asia pacific chief economist - qian wang — on the world's largest economy in 2025. when we are talking about tariffs, it is an tariffs, it is actually an actual supply shock to the us actual suppiy'shpcktt) the u5 and actual suppty'shackta the u5 and also actual suppty'shac'rttcx the u5 and also the rest of economy and also the rest of the world. they will actually need to —— lead to lower economic growth and higher inflation, but the part about inflatia'u but “may! alaaut— —— — ————— us economy is they have a stronger benefited from a stronger growth over the productivity growth ever the several years. productivity growth over the several years. technology past several years. technology innovation, ai, government spending on manufacturing and construction. is going to
3:33 am
offset 77 77 offset the 77 77 offset the drag 77 77 offset the drag fromf ta riffs 77 tariffs and 77 tariffs and policies tighter tariffs and policies and times to their immigration policies, so it eelieise; ee euttiha it the eelieise; ee euttihg it the us is still together. the u5 is still together. the u5 is still to grow 2% together, the u5 is still to grow 2% in likely te grew afeuhd eea www, 7", likely te grew afeuhd 33t- t'h'”" " in the rest, the 2025. but in the rest, the other countries have been less the? not they not hate they not haee this lucky, they do notchave this of strong productivity kind of strong productivity and growth is growth. and growth elsewhere is be much we likely to be much weaker. we only expecting about 0.5% are only expecti—ng'about 0.536 in 0.7% in the growth in europe, 0.7% in the uk, china is also expected uk, and china is also expected to slow somewhat this year to from 5% year. staying in the us, and officials at messages to staff on how to respond to an email their accomplishments from the past week. musk sent the email to millions of federal workers as part some heads of agencies encouraged staff to comply
3:34 am
guidance on how to respond. the profits of online fast—fashion retailer shein dropped by more than a third last year, adding listing could also be postponed to the second half of the year that has previously benefited the company. britain and india will restart trade talks in new delhi on monday, with the uk's business to the indian capital. trade talks between the two were last held in march 2024, but a deal couldn't be finalised ahead of the indian election. the bbc�*s archana shukla. you deal be agreed at this time around? ~ ., c, time around? well, that would be the hepe. _
3:35 am
time around? well, that would be the hope, but _ time around? well, that would be the hope, but we _ time around? well, that would be the hope, but we now- time around? well, that would be the hope, but we now trade take years, even for talks take years; andeven for in the uk, this is the india in the uk,-this is the round of countries do agree that both countries do agree that will are they will dynamics are fast changing, with changing, especially with donald trump's tariff wars and faster shipping global supply chains as well. hence the be to push it time would be to push it this time much further ahead the much further ahead than the earlier ones. uk and both earlier ones. uk and india both have trade relations were £31 and is rising. uk is at india's consumption looking at lndia’s consumption economy and the fast driven economy and the fast paced growth, faster than the rest of the world to benefit them. and that is the uk's themgand that is—vvhy the uk's secretary in a statement gettm7g—7. 7 .7 77777737: gettifigz. 7 7 777777377 getting a deal soon said getting a deal with soon to be the third largest economy in the world a muid’b; ’ 7 w would be pushing for previously, i be pushing for previously, the pushing for it. previously, the sticking points have been higher import tariffs for scotch whisky
3:36 am
coming india and also coming into india and also electric vehicles cars, electric vehicles and cars, something that uk side be pushing through. would be pushing through. but india would be looking at more z is?” pfofessionals into, professionals 7 his, prt7th7e7ionals 7 his, prc7th7e7|t1als 777 7 i77nto,7 prct7h7e7it sector going into, but the it sector and the health care for and the health care sector, for faster and �*mobility into faster and easier mobility into the . ~ , faster and easier mobility into the . ~' , . the uk. thank you very much, shukla, the uk. thank you very much, - shukla. in _ the uk. thank you very much, - shukla, in mumbai. l to fund his election promises, including a plan to provide free school lunches. she explains how the indonesian president is working to boost his country's economy. i think the general idea is to boost consumption, help poorer boostconsumptiohrhetp poorer vulnera ble boostconsorhptiohrhetp poorer vulnera ble of m -£.,ee 77: see so has been society, so that has been important and i think it is
3:37 am
necessary as well. over time, we need to really invest into capital and i think that what this whole process is te ithat this fihfilfi erfiefiéé is to achieve. of course, trying to achieve. 0f course. the time we get there, you by the time we get there, you need to fund these programmes, and i think an ideal way would be to raise revenues. a vat tax was expected be rate was expected to be increased this year, but has put on 77 775dt7o7n7 5071217 7 7 7 7 77 775dt7o7n7 507167 there 7 77 77put7o7n7 holdj there could 7 been put on hold. there could been put on hold. there could be some other of be some other reorientation of the bank evidence as the state bank evidence as well, which again might not be able to to the state able to add to the state the revenue —wise, coffers. the revenue —wise, there will be less support, thereuillbe less support, means the which means the re—prioritisation of spending, rejprioritisation of spending, usually this of and usually when this kind of programme is undertaken, there has to be bit of hesitation has to be a bit of hesitation general allocations has to be a bit of hesitation generalallocations well on general allocations as well as the ministries will be a bit over in all, i think certainly so in all, i think certainly there will be an ongoing i think the intention exercises l—thihk the intention correct, but i think it was correct, but i think it needs to be balanced and perhaps a bit more on the revenue side thanjust perhaps a bit more on the
3:38 am
revenue side than just spending 77 777777 77 spending. in the world of business, butjust how crucial is it platform linkedin. it's going to push us a new economy. i'm it the economy, but what is innovation economy, but what is important is economy for innovation economy, but what is importa will economy for innovation economy, but what is importa will anchoronomy for innovation economy, but what is importa will anchor on my for innovation economy, but what is importa will anchor on our for humans will anchor on our unique ability as a species to innovate. these five cs, compassion, curiosity, compassion, courage creativity, courage thatis creativity, courage that is how we communication, that is how we have always innovated and as a species and it adapted as a species and it will now be core. the real revenue gains ai will come companies see it not has when companies see it not has an end in but means an end in itself, out he means an end in itself, out he means an end in itself, out he means an end of more human work. to an end of more human work. and one of the big concerns
3:39 am
humans job security. amongst humans as job security. and what ai means for that. we have seen in the us, big ai advocate elon musk trying to slash jobs with his organisation, slashjobs with his organisation, doge. how do you 7 that 7 that will 77 that will play 7 77 that will play out 7 77 that will play out of 7 77 that will play out of the7 think. that will play outetthe.” 7 7 7.-. --. .. . 7 i think. that will play outetthe.” 7 7 7.7. 77. .. . .7 i start workplace quest back i start with the cup is half when with the cup is half empty when i look at the role of humans 77 for role 7ch humans were in an millennia, humans were in an structure based on our strength, but moved into a strength, but it moved into a knowledge economy, computers, 77 labour7 77 labourandability 7 intellectual labour and ability to come to the centre. a of the feel about al has lot of the feel about al has been, what else is left of humans at work if ai is able to do more of the intellectual labour, robots are able to do more of the physical labour. is the wrong question. question to ask iswhatris' 77 777 7 7777 is a question to ask. isrwhatrisr 77 7 7 7 is a whole arena �*arena of �* arena of capabilities, -—— ’ —— ’ abilities that sit at
3:40 am
intersection of io intersection of iq and e0 the intersection of iq and e0 our consciousness and of our consciousness and conscience, five i am conscience. the five cs. lam , 7 7 7 . . 7 because censcience. the five cs. lam , 7 7 7 . . 7 because i'm censcience. the five cs. lam 7 7 7 77 7 7 7 because i'm pro—human bullish because i'm pro—human and believe work is never indexed on the full capability of alone all of humans, let alone all humans all of their bringing all of their to bear. capabilities to bear; that" ' humans capabilities to bear; that'" ' humans were using ai are said, humans were using ai are gging more competitive going to be more competitise humans were not. a, than humans were not. a reminder of than humans were not. a reminderof our than humans were not. a reminder of ourtop than humans were not. a reminder of our top story, jimmy's centre—right cdu party on course to win in the argyongcourse to win in the argggnggcourse to win in the with argyongcourse to win in the with friedrich merz glgction. with friedrich merz said to take the economy, are said to take the economy, he will begin coalition talks once new coalition in place once a new coalition in place by easter. that is a business today.
3:43 am
3:44 am
pakistan in the icc champions trophy. and france run riot in rome, scoring 11 tries as they put in the six nations. hello there. title as they extended their lead at the top manchester city at the etihad. in the 14th minute. he then turned provider eight minutes before half—time, but curtisjones was denied by var.
3:45 am
with the win, arne slot becomes the first manager to do a very good win. we had to suffer a lot. they had a lot of ball possession. but especially the second half, i liked the way we defended, half i constantly felt that they could score were constantly on it. better, in my opinion. i think doku and savinho make an incredible game. right to the by—line. and just after that, we miss a little bit with konate and gravenberch, van dijk, it's not easy. sunday's early kick—off produced a cracking game newcastle united, who held on to beat nottingham forest
0 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
