Requires focused policies, redoubling efforts and work and concerted efforts from all sides. Lets head over to our Asia Business hub and speak tojoao da silva. Its a crucial meeting, talk us through the headlines as this all gets underway. This is not m, but sweet cream to pop up, here years. Thank you forjoining us, its a crucial meeting, took us through the headlines as this gets under way on day one. What gets under way on day one. What is interesting gets under way on day one. What is interesting is gets under way on day one. What is interesting is how gets under way on day one. W ue ii is interesting is how similar those targets that were Just Announced our to those of last year and that despite the fact that the merger in the worlds second largest economy has changed. The government is expecting growth of around 5 in 2024 which is pretty much the same as forecast in 2023, it expects inflation of 3 , the deficit to stay also within its preferred 3 limit and the Unemployment Rate t
if you look at the headline numbers. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing cloud revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for and i we still think is intact. we think that any excess correction in as a buying opportunity. what is the implication buying opportunity. what is the implication of buying opportunity. what is the implication of these buying opportunity. what is the implication of these big - buying opportunity. what is the implication of these big tech i implication of these big tech compan
americans do? here is our international editor. one of the presidents international editor. one of the presidents officials - international editor. one of the presidents officials as l the presidents officials as actions speak louder than words. we can only speculate at this point. what tends to happen is the us militarily gives the president a menu of options that he can choose. and the lowest level, if you like, might be to hit back at iranian proxies operating inside syria or iraq. that might not be enough for the americans, and especially not forjoe biden s critics back home. so they might do something a bit more. they might go for iranian targets in those countries or they could go for maybe iranian targets in the gulf. the most extreme option, and i think this is highly unlikely, would be to attack targets inside iran itself, inside the territory of iran. that s something that the americans have not done. so we get to a situation now where the american secretary of st
what could the americans do? here s our international editor, jeremy bowen. well, one of the president s officials said actions speak louder than words. what are those actions going to be? well, we can only speculate at this point, but what tends to happen is that the us military gives the president a menu of options that he can choose. and the lowest level, if you like, might be to hit back at iranian proxies operating inside syria or iraq. that might not be enough for the americans, and especially not forjoe biden s critics back home. so they might do something a bit more. they might go for iranian targets in those countries or they could go for maybe iranian targets in the gulf. the most extreme option, and i think this is highly unlikely, would be to attack targets inside iran itself, inside the territory of iran. that s something that the americans have not done. so we get to a situation now where the american secretary of state antony blinken, says that the middle east
on the technology. so, is all that investment starting to pay off? i spoke to ubs tech equity strategist sundeep gantori a little earlier. if you look at the headline numbers, it suggests that results are mixed. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, a, monetisation and b, capital expense. they look at monetisation, for example, across the board, we are seeing revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for al, we still think is intact. we think that any excess correction is a buying opportunity. what is the implication of these big tech companies pushing more to monetise their investment into ai? what are the im