welcome to world business report, i m ben thompson. we start in the us where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden s administration is spending billions to help electric car firms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc it s worried britain can t compete on a level playing field and warns that companies are considering moving their investment to the united states. our economics editor faisal islam reports. british industry is facing a new dilemma when deciding where to invest to build key components for future green technology. massive hand outs from the us government has changed the game. morning, guys, how are you? this isjohn neil, he runs unapart which makes parts for every major uk car manufacturer, and he is worried. the americans are redefining the free enterprise system. and i m genuinely very, very worried
in the past hour we have just had an update on some important data. they show the world s biggest economy is still growing but more slowly than first thought. the first three months of this year the us economy grew by 1.1% months of this year the us economy grew by1.1% and months of this year the us economy grew by 1.1% and that is on an annualised basis with consumer spending still remaining pretty strong but many analysts have been expecting today s figure to be closer to the 2% mark with all of this of course adding to fears that the american economy is running out of steam so let s get the thoughts of steam so let s get the thoughts of samir hussein, our north american business correspondence standing by new york and that is the question, isn t it. is this just a temporary blip or are we on a longer term slowdown? because we have talked a lot about the us avoiding recession. this will be welcome news. they can certainly not. this demonstrates the us economy is certainly l
could be tough. we start here in the uk where rail passengers are facing yet another day of strike disruption with four out of five trains cancelled just one part of a wave of industrial action hitting everything from transport to health to education. so on thursday, the government announced plans for new laws limiting strike action by key workers. railways, ambulances and the fire brigade are among those who would have to maintain a minimum level of service and employers would be able to sue unions who fail to comply. but one union has called it an attack on workers. our political correspondent, alex forsyth, has the story. pickets and placards have become a familiar sight as a wave of strikes has swept the country. hospitals, railways airports and universities all among the areas affected by industrial unrest. now the government plans to make some set is keep a minimum level of service when they strike in future. ~ ., service when they strike in future. ~ . ., future. we
Was all in the battery samsung explains the reason why the galaxy note Mobile Phones caught fire and we re note Mobile Phones caught fire and were recalled. The uk government to outline the Industrial Strategy. But with brexit looming large, where will any Government Money go . Welcome to World Business report. Im sally bundock. Also in the programme Iphone Maker Foxconn signals 7 billion investment in the us. Details injust a moment. But first. Korean Electronics Giant samsung has released the results of its investigation into its flagship galaxy note 7 smartphones. In october last year the phones were recalled because some had overheated and caught fire. The company today confirmed problems with the design saying the manufacturing of batteries was to blame, not the actual phones. The note 7 was supposed to rival apples iphone 7 but instead, the device caused massive damage to the companys profits, and its brand. Last year, over 100 of the phones spontaneously burst into flames. This
And all of the key markets are down by nearly 1 . Why such a bad start to the trading week . We talk you through the winners and losers. And well be getting the inside track on baby food. Its a huge market worth 53 billion. And were speaking to the mum who couldnt find what she wanted in the shops, so she started her own organic business. And we want to hear from you today do you still trust samsung . The 58 will be out soon. Would you buy another Samsung Phone . Let us know. Welcome to the programme. The start of a new business week. Do get in touch, whether it is about samsung, baby food or any the other stories. Lets start in south korea. Korean Electronics Giant samsung has released the results of its investigation into its flagship galaxy note 7 smartphones. In october last year the phones were recalled because some had overheated and caught fire. The pictures were all over social media. The company today confirmed problems with the design, saying the manufacturing of batteries wa