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Transcripts For BBCNEWS Verified 20240704

Customers what does it mean for their customers and this was originally a uk lifestyle brand, so what does it mean for the employees in the uk . figs mean for the employees in the uk . Sis you mean for the employees in the uk . Is you say it is a turn for a company that started specialising in menswear in the 19805 and now has grown nearly 50 stores and nearly a thousand employees. They sell online and operate within department stores. Under conditions like this it would be reasonable to expect that a sale could result in job losses even into the hundreds and they did not indicate what that could look like but we heard from the chief strategy and transition officer for authentic and he said hopefully some consolidation at the brand and it will still be Available Online and in store spot for employees and stakeholders, he said we wish there could have been a better outcome but for employees. Authentic brands group is the owner of ted baker, since 2022, but the acquisition happened afte

Transcripts For BBCNEWS World 20240704

The governments Finance Department to make it support Economic Growth. But the governments Chief Secretary to the treasury laura trott says labour are offering no plan just more borrowing and more taxes. So what are the priorities for british businesses . Joining me now live is the Chief Economist of the confederation for british industry. What does the cbi and its members need to hear from a prospective chancellor back . Often the criticism of not enough detail. What would you like to hear . What businesses would like to hear . What businesses would like to hear is a long term vision and strategy for how to deliver Economic Growth in the uk, and we know our challenges of growth in the last couple of years has been lacklustre and in terms of Living Standards we have not seen the growth and productivity that we need so what is the answer to that . It is absolutely how business works with government to make sure we have a Business Investment going across all sectors and regions in our ec

Transcripts For BBCNEWS Asia 20240704

Our time. Ai the defining technology of ourtime. Some ai the defining technology of our time. Some of the biggest names in tech are expected to use these gpus and we expect to see the technology in action later this year. Bob odonnell from Technalysis Research was at the event in sanjose, california. With all the anticipation built up for nvidias latest product, he says it wasnt your typical technology conference. The atmosphere was like a rock concert. I have not seen Something Like this in the Tech Industry in quite some time. Some people were Making Analogies to the early days of steve jobs but the buzz was in the air and the feel of the event was very much like a concert. And jensen was a rock star. He presented many times in the past but this was clearly his moment and he was soaking it up because the company is on Top Of The World right now. Everyone wants to know what are they going to do . They have a new blackwell gpu, the latest chip to accelerate ai and then, importantly, no

Transcripts For BBCNEWS Asia 20240704

Guidance on whether or not the bank ofjapan will remain an outlier and keep its Interest Rates ultralow. I spoke to the International Groups in china is facing a Confidence Problem within the Consumption Sector as well problem within the Consumption Sector as well as problem within the Consumption Sector as well as the problem within the Consumption Sector as well as the corporate l sector as well as the corporate sector as well as the corporate sector and we had the simply and aggregate and data and there was released and is marginally weaker than expected and tomorrow, we have this operation, the expectations dont have much cuts in the way generally speaking, we could see an increase in probability of ten basis points and policy is not going to have a change its going to be tweaking to be accommodative. Imilli its going to be tweaking to be accommodative. Its going to be tweaking to be accommodative. Will be getting extra data and accommodative. Will be getting extra data and what ac

Transcripts For BBCNEWS World 20240704

Taxes. The obr is likely to lower the estimate of how much room he has, and that is probably an over estimate anyway. So he has very little space. He could opt for different things. It looks like hes going to concentrate more on their household than all businesses, therefore two major taxes, one is income tax, other is National Insurance contribution. Income tax is our broader tax and it would cost him more money whereas National Insurance contribution focuses on people at work and would cost him a little bit less. Having a bit less money to play with, like that give as a clearer sense of the conservative priorities here because we know there might be an election coming . It is actually who that money goes to, where they want to target votes . That who that money goes to, where they want to target votes . Want to target votes . That is a very aood want to target votes . That is a very good question want to target votes . That is a very good question because want to target votes . That

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