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Transcripts For BBCNEWS World 20240704

For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the

Transcripts for BBCNEWS World Business Report 20240604 04:54:00

yourself. this is what is happening at the moment, this continued upgrade to a more immersive 3d environment. i mean it sounds amazing. for me, the ultimate would be on centre court for a wimbledon final. so how soon will this become accessible to people? as you say, you need a vr headset or something of that nature to make it happen, i presume? yeah, at the moment we re seeing this is a big limitation that not many people have vr sets today. what we re seeing is this technology is being introduced into 3d gaming environments, for example, and you mentioned wimbledon and being on centre court. wimbledon already has launched its own wimbledon in the road blocks gaming platform so people get a wimbledon experience and can steer their little avatars into the wimbledon grounds and explore it and watch watch. [30 wimbledon grounds and explore it and watch - watch. . . it and watch - watch. do you think - bernard,

Transcripts for BBCNEWS World Business Report 20240604 04:52:00

now, you may be enjoying the women s football world cup i certainly am watching england. commiserations to nigeria. maybe watching it on tv or on your phone but the third generation of the internet web 3.0 offers so much more. box enabling things like augmented and virtual reality to transform the fan experience it s a whole new set of opportunities the sports industry is keen to tap into. joining me now is bernard marr author and one of the world s leading digital strategists and business coaches who has worked with everyone from google to the nhs. all sorts of organisations, bernard. and to what extent is the sporting sector trying to tap in to the next, you know, meta verse, as it were? yeah, what l m meta verse, as it were? yeah, what i m seeing meta verse, as it were? yeah, what i m seeing is meta verse, as it were? yeah, what i m seeing is we re i meta verse, as it were? yeah, | what i m seeing is we re seeing this evolution towards a third web which is a more immer

Transcripts for BBCNEWS World Business Report 20240604 04:55:00

it and watch - watch. do you think - bernard, story - it and watch - watch. do you think - bernard, story to i think bernard, story to interrupt you, do you think this move into massive sporting events such as the women s world cup, the find that is coming up it could mean that many, many more people take up vr and move into that realm that would have done before so? yeah, absolutely. and we see the launch of the of apple s vision pro headset, so there s lots of stuff happening in the background. companies like microsoft investing hugely in mixed reality headsets, some in others. we re definitely seeing this technology being developed. we re in the quite there yet, but big sporting events are definitely giving it a push. events are definitely giving it a ush. , events are definitely giving it a ush, , ., a push. it s fascinating. bernard. a push. it s fascinating. bernard, thank - a push. it s fascinating. bernard, thank you. i a push. it s fascinating. i bernard, thank you. g

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