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Transcripts For BBCNEWS Business Today 20241010

States have sued the Social Media platform, accusing it of helping to drive a mental Health Crisis among teenagers. A bipartisan group of 1a Attorney generals from across the country allege the company uses addictive features to hook children to the app. They also claim its intentionally misled the public about the safety of prolonged use. Tiktok has called the lawsuit disappointing. The platform is already battling a law passed by congress in april that would ban it from the us unless a chinese Parent Company agrees to sell it. Details now from New York. To sell it. Details now from New York to sell it. Details now from New York. , ,. , New York. The lawsuits from more than New York. The lawsuits from more than a New York. The lawsuits from more than a dozen New York. The lawsuits from more than a dozen states New York. The lawsuits from i more than a dozen states argue tiktok was deliberately designed to keep young people hooked on the service. The massively popular Video App is used

Transcripts For BBCNEWS Business Today 20241010

5,500 additional gigawatts of renewable capacity to come online between now and 2030. Thats more than the current Power Capacity of china, the european union, india and the United States combined. China is leading the pack, responsible for 60 of the additional output. And solar is winning the renewable race, making up 80 of the forecasted growth. But Electricity Infrastructure is not keeping up. Up to 10 of renewable energy is going to waste because its not able to be stored at times when more is being generated than needed. For more, joining me now the ieas Executive Director, dr fatih birol. This is a rare piece of good news and shows what can be achieved when a real effort is made. It is extremely good news for everybody, i would say, almost everybody, i would say, almost everybody around the world, because renewables are growing very strongly and there is huge potential for them to grow, and the main driver of this is very strong, massive growth is not necessarily climate policies.

Transcripts For BBCNEWS Business Today 20241010

The us government says it is considering breaking up google because of its dominance in online search. And charging up for the future, the international Energy Agency says renewables will make up nearly half of the Worlds Energy Use by the end of the decade. Hello, could the company behind the Internet Search giant google be forcibly broken up . That is the very real prospect facing alphabet over at their dominance of online search, in a Court Filing the Us Department Of Justice says that is one of the remedies that it could seek after google was found to have illegally crushed its competition in online search in the Landmark Ruling but in august. This Case Centres on google, the fact that Google Accounts for 90 of the Search Inquiries in the united states, which is similar to other countries. One of the crucial ways it does so well is more than 26 Billion of annual payments it is thought to make two Smartphone Makers to be the Default Search Engine on their phones. The advertising aro

Transcripts For BBCNEWS Business Today - NYSE Opening Bell 20241009

The worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the european unIon. It follows last Weeks DecisIon by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariff of up to 39 to the chinese government after they decided their own producers were being unfairly harmed. It follows the eu pushing ahead with tariffs of up to 45 of chinas Electric Vehicles which it says have benefitted unfairly from government help. Last Year Trade between the Eu And China was worth about 811 BillIon after it fell last year. With more tarfffs under consideratIon, it could fall further. Im joined now by Dr Deborah elms, head of Trade Policy at the Hinrich FoundatIon in singapore. It describes itself as a philanthropic organizatIon that works adavance sustainable trade. So the

Transcripts For BBCNEWS Business Today 20241009

A typical temperatures to end the week, will be around 11 or 12 degrees. Over the weekend, temperatures will rise just a little, most of the rain is coming into Western Scotland and northern ireland. Much of england and wales, it should be a dry weekend. Some early mist and but otherwise some sunshine. China slaps new tariffs on brandy from the European Union are two of the worlds biggest Trade Blocs heading for full blown Trade War . More than a dozen Us States say that tiktok is dangerous and addictive for children. Welcome to business today. A row between two of the worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the European Union. It follows last Weeks Decision by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariffs of up to 39 to the chinese

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