Transcripts For RT Boom Bust 20240712

This is a boom bust the one business show you cant afford to mess. Up and washington coming up the tick tock saga continues as by chance and oracle it will they continue to battle over ownership of the new global leaving the deal up in the air and on another u. S. Tensions also continue but is the u. S. Loosening some restrictions against Chinese Telecom giant while way well explain that you have a lot to get to so lets get started. Take talk saga continues as the deal is still facing uncertainty over the structures of the companys ownership and a statement on monday oracle said upon creation of tiktaalik global oracle walmart will make their investment and the tick tock Global Shares will be distributed to their owners while americans will be the majority and by dance will have no ownership in tip top global meanwhile by dance put out a statement of their own there claiming to dismiss these groundless rumors and said the company. Would retain 80 percent of the newly formed tech tog despite trump saying it would have nothing to do with china wont buy dance also denied president trumps claim that a 5000000000. 00 fee will help set up an Education Fund many remain skeptical the deal does not sufficiently address National Security concerns while uncertainty remains as the 2 Companies Continue to battle over ownership whether chinas government will even approve the deal or prevent it. Just one week after new rules kicked in a bar to ban u. S. Companies from working with chinas Telecom Giant weiwei well things have changed quite a bit the move against weiwei is part of a broader International Campaign that includes many countries banning weiwei from participating in their 5 g. Networks this includes australia although the whole movement seems very cut and dry as arties alex mahela bitch tells us theres more going on behind the scenes. Looked like a done deal. On the move on china firmly opposes the u. S. Is deliberate discredit and crackdown on while away and other Chinese Enterprises on september 15th the us Bad Companies from supplying for servicing why wait or doing that the tech giant was being used by the Chinese Government to spy on other countries. To get my dick in the band is chips ways prevented from buying the bullets from american and north American Companies that were developed using equipment or software made in the usa however the us already seems to be loosing its haut according to a report from china itll have to be granted a license by the United States to continue doing business while way which we hope will always laugh talk to the other companies have a mission to work with the worlds biggest market maker this includes China Semiconductor Manufacturing International corporation uses u. S. Origin portmans to make chips as well as south korean ship maker skate hynix meanwhile became arrogance well its also. Season holes in other parts of the world nearly australia relations between china and the land down under have been tense since australia banned while away from supplying equipment for a 5 g. Mobile network back in 2000 and t. In response what were his cut jobs and investment in australia it was what was cheap Corporate Affairs officer in australia Jeremy Mitchell the reality is you know we weve gone from a 1000 stuff next year will be a 100 stop you know the impact on the 5 j. Band and the great stride the china relationship has had a huge flow on effect while we also cancel it 72300000. 00 us dollar investment for research and development in australia in addition weiwei and its pulled the sports pouncer ship deal with an Australian Rugby Team all in all not everyone is happy with the australian governments maneuvering really really sad died as jeremy said that will still be still be appearing as a sponsor next year will be im then we very very lucky if we find another one as good as wildlife with resistance in some parts of the world while way its been exploring other avenues to continue its growth the Company Plans to open 8 Flagship Stores in 40 smaller outlets across europe by the end of the year while way has also committed to bring funds from the u. S. And investing more in russia in the words of huawei c. E. O. Rinsing. After the us included us on the entity list we transferred our investment in the u. S. To russia increased russian best meant expanded the russian scientists t. V. And increased the salary of russian scientists on a grander scale the company is set to take on american multinational google by developing an operating system to replace googles android will by 000 s. Currently weiwei has 600000000 users in its ecosystem to bust on alex ma of edge. And i want to take a deeper look into this war and bring in bill less cohost christine an editorial director for the m. An institute for Economic Research Jeffrey Tucker jeffrey washington has been pushing governments around the world their allies to squeeze out wall way and barred u. S. Companies from supplying or even servicing them now this has received permission to supply wall way why do you not as states allow this license to be granted why not a smoker or even ask a hynix like alex. But whats happening is that the chap administration is gradually realizing were living in a club with economic environment not easily disentangled by the nation state and this is an accurate and basically acquiescence to that to that reality and its a sign a certain amount of flexibility on the part of the Trump Administration they will not be able to drive this this iron wall between between china and the u. S. Its not plausible in a in a digital age and im i have to tell you im very impressed by wall ways response here theres its clearly a company run by some very smart adults who are more interested in prosperity in technology than they are in Just National pride i think wa way gets a better into the deal here Trump Administration is going to lose this war with be could be part of we know that back then when it while i was issued to the entity list the United States was still granting some of these licenses to American Companies to continue to do business with wally is that connected to this. Well yeah i mean it certainly is i mean this thing is that what you really do have here is trump whos trying to apply the old 19th century rules of protectionism and in a digital age where everybody is connected no matter what the regulators are saying so this is some backroom dealing to keep the function and to keep to keep American Companies supplying huawei in a way that trump liberal believes will benefit american jobs that of course youre right its its intellectually inconsistent and lot of its about whos paying whom to get their get their way in the Global Economy today well kristie the talk war continues obviously is beginning to take a toll on local economies such as us australia as alex mentioned in his piece United States ally who again joined the boycott against wa wait while we were bailed. The 100000000. 00 local cost of this tech cold war how all of those economy handle this. Economy is not going to handle this well at all as and im the analyst already estimated that this 5 g. Band on holland has already cost australia over a 1000. 00 high tech and highway jobs from the economy and from a revenue standpoint its gone from annual revenues of easily 1000000000. 00 with 5 g. To a situation where in the next few years revenue will be below 200000000. 00 so as a also suffered damages from being a casualty of this tech war it has reduced previous of planned investment endeavors in part due to the 5 g. Been set in place and also in part due to the rising tensions between china and australia so this is very harmful to economies like australia who was relying on these have the investments so holly abandoned its plans for large scale r. And d. Development in australia it closed another 60000000. 00 operational and Business Support Center it closed another 30000000. 00 National Training Innovation Center terminated in multimillion dollar funding on the internet of things lab which basically cost the entire economy thousands of local jobs so there was also previous plans were another 100 1000000. 00 investment in Western Australia for a global or indeed center for 5 g. Mining applications given that australia is the world leader in reeds in the resources sector but the 5 g. Band obviously killed that so local officials are worried now that australia will suffer greatly with the loss of current r. And d. Spending but more importantly the loss of future r. And d. As it will not be able to keep up with the quick pace and turnover of Technological Innovations and we know its really important in wa way there are in dispensing its as a company that spends the most amount of money in doing so Geoffrey Huawei is now now intends to enter this p. C. And monitor market so theyre kind of diversifying right why the sudden shift here are they abandoning their plans you think to be the Global Leader in 5 g. Is this a sign of defeat or. They simply just looking at other other departments to go into essentially this is called the long game theyve got their eyes on apple and microsoft on google theyre not going to take this line down operating systems you can build them you can create your own ecosystems you can create hardware we know how to do it. While ways specialize in this and both both replication and innovation so this is an extra really ambitious view theyre looking at 510 years from now were kind of laptops are people going to be using what what is going to be the i o s whats going to be the operating system on peoples phones while away wants to be the Global Leader and theyre betting that they can do it and i i dont think its crazy i think its actually possible this is not you know 20 years ago this we know how to do this internet now weve seen a lot of cooperation now between while away and russia and some of the best Tech Developers in the world very very resentful about what the u. S. Has done to our way and have every incentive financial and intellectual and national to come up with technologies that can that can beat the u. S. At its own game so really in a way us is really poke the bear and its i think theres going to be hell to pay sometime over the next 5. 00 or 10 years for u. S. Industry oh yes i seem to always actually very much at diversifying here obviously its about who can make the best products but also the most economic products so thats what companies are really looking for to save them some money earth on my least financially less than those that less are less financial level of a burden on these companies kristie the u. S. Continues to isolate and block walk away though and its increasingly turning now to russia transferring investment what does that look like. So the hallway c. E. O. Renton confirmed that after the u. S. At a way to the end to use a list it transferred over massive amounts of investments in the u. S. Now over to russia so as jeffrey just said huawei still intends to be global influence and its now recruiting developers and manufacturers to help to build a 3rd alternative to googles android and apples i os so while i says that there is room in the Global Market for another operating system and that it plans to take this opportunity now the u. S. Is looking at this development and seeing the huge risk that it presents to americas control of the worlds mobile ecosystem but then again it is kind of the u. S. Its all in the 1st place far backing away into the corner so this is the only logical or turn out of the bear otherwise it would have continued on happily using android in the 1st place so after waging this war against hallway for over a year now americas action against policy has left the door wide open for russia and so much of what i said before about australia is not only about the Current Investments its always about the future investments we talk about tech and are indeed because of the fast pace of Development Cycles these days the u. S. Lost out in r. And d. Of 5 g. Technology and its falling tragically behind and instead russias own tech sector and Industrial Base has gained and gotten a huge boost so china is kind of racing to couple its applied chains and industrial capabilities from the u. S. And now engage with russia who will benefit hugely now from these partnerships right and we think about at what point does the United States actually say you know this is enough that were seeing this a little bit by them loosening these these restrictions somewhat on actually supplying things or these these properties to to walk away so i guess time will tell but this saga continues it seems like it never ends but i must cohost christine an editorial director for the American Institute for Economic Research Jeffrey Tucker thank you both so much for your time today. And good. Time now for a quick break but hang here because well return u. K. Prime minister boris. Johnson well he announced new instructions in his attempt to curb a 2nd wave of the coronavirus but how will this affect the already shattered economy. As we go to break the numbers up but. Some seem wrong why dont we all just dont all. Get to shape our disdain comes out to. And in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. We are segregated and there my social class Law School Class people also want to be a 1st name if youre born into a poor family if youre born into a minority family if youre born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if youre born into generational poverty. By every day she you meet your needs and the needs of your family. A new round of lockdowns has been announced by u. K. Prime minister Boris Johnson well after a warning by 2 scientists that the u. K. Could see 50000 new cases of coronavirus by mid october when the u. K. Has imposed new restrictions to limit the spread of the virus the list of those new restrictions include Office Workers who can work from home should do so pubs bars and restaurants in england will be ordered to close by 10 pm each night ptolemy sector will be restricted to Table Service only face coverings must be worn in taxis and private hire vehicles and by retail stuff while at work while customers in hospitality will also have to wear face coverings acts up while seated at a table to eat or drink while the planned return of spectators to sports venues will now go ahead from october 1st and wedding ceremonies and receptions will be kept at 15 people from monday the u. K. s Prime Minister says that while the lockdown will not be as severe as it was back in march these stops are definitely necessary i will destroy this is by no means a return to the food. We will ensure that this is constrained in a compliant way however we must. Suppress the disease. First we once again ask your guest workers who can work from home to do so in Key Public Services and professions where working is no such as construction retail people should continue to attend their workplaces and like. This house will be free to take food its business. Secure way. Joining us now to discuss is board member with the British American Business Association hillary ford which hillary thanks for joining us today there has there has to be some a lot of anxiety rather from a Business Owners here that just as they thought that these are downs were actually over theyve been hit with a 2nd round what are you hearing yes im hearing what you wouldnt be surprised to hear both across the atlantic actually so in the u. S. Its purported that 85 percent of family owned restaurants are going to disappear and in the u. K. Its purported that about 50 percent of all travel related Companies Restaurants and sort of retail small retail owned by stablish months are going to go out of business so i mean obviously this is something that is sort of a blow at the moment definitely however i will tempered out with some optimism and that is in terms of the japan deal but as being just completed by the British Government in light of course of bricks that and also there are talks underway by the secretary of trade as trast with australia australia so couple of good things to look out if you referred to the think tank director robert odes hes a think tank director for the British Group hes actually pointed to the fact that there are Many Companies that are currently based in the e. U. That are actually thinking about relocating to the u. K. And this is a reason for optimism im hearing this from a lot of british leaders on the unity but just recently was discussing leaving the netherlands and moving to the u. K. A number of Car Companies are discussing moving their production facilities from spain to the u. K. So from Business Leaders to all. Question now in a nutshell im hearing a degree of temperate optimism i mean of course g. D. P. Fell by 20. 4 percent in august and it is reported by p. W. See that for every year that the lockdown continues a 15300000000. 00 is lost towards g. D. P. So of course its negative of course as this isnt positive the business but actually sarah only 17 percent of the British Public oppose this so the support for the lock down in terms of whats right to do and yet of course concerns for those businesses that wont survive well the fact that theyre not doing a complete lockdown as we heard Boris Johnson say ben i want to bring in ben swan investigative journalist i want to talk about the science here patrick valence the British Governments chief scientific advisor and chris wendy chief medical advisor officer for england he said the number of krona various cases is doubling roughly every 7 days was there really any other choice but to reinstitute this sort of lockdown i think theres a lot of choice here 1st of all theres a lot of criticism over these numbers in fact theres a group of scientists who have come out against it saying that its implausible that they would actually the u. K. Would get to the point of having 50000. 00 new cases per day they say yes were seeing this 7 day increase but they do not expect that to continue to go for a prolonged period of time and also in order to get to that 50000. 00 new cases a day the u. K. Would have to have such a significant jump it would have to vastly outpace both spain and france that have much higher numbers of cases cases in the u. K. And so in fact there was one scientist in particular who came out against this and said that this should actually be examined by the way professor david paton hes with the university of nottingham and he said these figures may suggest an investigation from the office of statistics regulation which regulate regulates the accuracy of data given to the public so these numbers are completely off by the way i want to throw out one of their names Neil Ferguson remember Neil Ferguson. Was the scientist who initially started a lot of these models for lock downs and shutdowns saying there would be 200000 deaths in the u. K. And 2000000 in the u. S. Where hes been proven to be completely wrong in almost every model that hes put forward not because a lot of success but his models are just completely off and hes back at the forefront of this also saying this is a perfect storm ready for more you know absolute destruction if this doesnt happen so at some point i think you have to have a commonsense approach that says we have to stop believing people who put out these these eroni as models get it wrong and then they come up with another one and yet government officials heed their warning as if theyve been right there at a terrible truck still listening to them hillary lots of the talk about the business to use here that theyre demanding brags that you know you mentioned a little bit about the new japan japan deal the huge deal that the u. K. Made and the replacement now there is a replacement of the furlough scheme to safeguard u. K. Manufacturing firms and jobs and thats in response to the 1st lockdown are you thinking and do you do you see this 2nd lockdown only making the situation worse well i do and if i may sarah just actually given that ben race its an excellent point with regard to Niall Ferguson he was actually caught having an extramarital affair visiting this woman without any kind of protection whatsoever and his flat facts actually were totally and utterly off base so i do think a lot of this is blown out of proportion and also a lot of doctors have been pressured to actually report covert dest where really the deaths were due to preexisting conditions i mean deaths are always sad and were not downplaying deaths but lots of deaths are due to this preexisting conditions like cancer and leukemia as well as a lot of obesity and thats the cause of a lot of this so there are lots of factors and the numbers on necessarily accurate now to answer your question with regard to the 2nd follow yes thats not something the Business Leaders and this is so really look forward to theres been a lot of pressure mostly actually to get the brakes it deal don going back to my earlier point because then the u. K. Is freer to make global negotiation. Particularly with the impending deal with the trade deal with robert lighthouse in the u. S. So businesses want the focus to be brecks it to be completed and yes they do not want to have their businesses shut down and its making it harder bent one right left theres a lot of concern the the u. S. Could soon follow the u. K. In terms of this krone virus resurgence are we looking at the same the same type of. Issues that we face here i think we could be if we continue to listen to the kind of nutty scientists like what theyre listening to in the u. K. Very quickly the bottom line is when you listen to these socalled experts you need to look at where their funding comes from many of these experts are funded by either Vaccine Companies or people like bill gates who are pumping money into these organizations and they are touting the line that does not match the data involved and i would challenge people look at the numbers for data for the u. K. In terms of new cases and numbers of deaths deaths are way down right like new cases the and a lot of the cases are up and actually a lot of the cases up just because people actually have the testing that there also is i dont know theyre about that iris now that we did months ago so definitely a better situation now hillary for which events one thank you both for breaking this down for us. Now to new york where a team of mathematics may have finally unlocked the secret of how point of rock formations known as stone for have have gotten their shapes and what they may have discovered that may be sweeter than you think turning tavis has more on the story. The stunning razor sharp tips in stone forests have long fascinated scientists but no one team of researchers here in new york are setting out to discover exactly how these magnificent structures are actually formed and theyre doing it with a new sugary experiment and a new study researchers from n. Y. U. Investigated the formation process behind these jagger pillars by simply using candy to test their simulations in the lab the Team Combined granulated table sugar corn syrup and water in molds to make blocks and single pillars of solidified candy using sticks of the sugary treat team discovered that cylindrical shapes can naturally sharpened into a point in stillwater as they dissolve and no complicated flow is needed the simulation shows the sharpening effect occurred as the candy dissolved making it heavier than the surrounding water therefore the sugary water sings downward only almost like a skin coming off the candy the coauthor said in a statement we 1st discovered the spikes formed by dissolution when we left candy in a water tank and came back later to find a needle like speier this year was into the problem and we were very excited when we realized the connection to stone pinnacles and stone forest which have been quite mysterious in their development we hope our experiments tell a simple origin story behind these landforms the phenomenon could explain why sharp stone pinnacles are often found were easily dissolvable limestone rock dominance like the stone forests found in china or malaysia well it might take years and sometimes even centuries for an actual stone forest to blossom the researchers were able to prove that same trick by simply using candy reporting in new york Trinity Chavez r. T. Thats it for now catch me most on the man on the portable t. V. App available on your apple and ever devices or simply check it out a portable the t. V. And will leave you with todays closing numbers will see you next time. It. Is sort of amazing country with so many friends in russia and im very excited to be here. So i love that idea i think i can do that. Every night i make a lot of money with them but they make millions and hundreds of me. Here is that nice what. A great wall and nobody builds a lot better than me and ill build a very inexpensive like a great great wall. And just in case youre worried about whos going to pay for it mexico will pay for. It well see what happens. I always say who knows what well see on the field it will be success. In the main priority is to spot the disease or find it in the body and choose the optimal course of treatment during therapy we can monitor how the disease responds to the medication and if it gives positive effects here im happy to say shaq gnostics are now possible and everything is in one place. This device for example is used for visualization of activity in a patients blood we inject a radio pharmaceutical into the body for a certain period take a blood sample put it into the device for analysis. Nuclear medicine helps to detect cancer on time and in some cases even destroy it so this is an effective method specially in the late stages of. The work that we should defeat cancer Nuclear Medicine count but we are obliged to supply doctors with all possible sets of 2 so they can see patients Nuclear Medicine plays a major role in the triad together with surgery and chemotherapy. Headlining this hour opposition rallies break out. President lukashenko for a 2nd up to 20 people have reportedly been arrested. The Russian Foreign ministry accuses western powers of launching a disinflation campaign over the alleged poisoning of alexina the opposition activist has now been discharged from hospital also this hour. Is ready to provide the u. N. With top notch assistance. Invites United Nations staff to try a new russian vaccine free of charge adding that there are already been requests from the u. N. Colleagues made