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Transcripts For BBCNEWS World Business Report 20240709

We start in glasgow at the cop26 Climate Change summit. Today, young people from Around The World will be setting out the action they want to see from global leaders. On thursday, a0 countries pledged to phase out the use of coal power the single biggest contributor to global warming. But the worlds two biggest economies, the us and china, are not signing up, and nor are india or australia. It comes as scientists warn Fossil Fuel Emissions are rebounding to pre pandemic levels much faster than expected, as Rebecca Morelle explains. Moving away from coal is the future aim, but what is happening to Greenhouse Gas is now . Since the 1990s, Carbon Dioxide levels have been mainly rising, but during the pandemic when the world shutdown, they fell sharply. This year though they have increased rapidly again to almost same amount. Behind those numbers is really a big rebound in coal in particular, and so probably what is happening is probably that the stimulus packages to go out of covid becaus

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Transcripts For BBCNEWS World Business Report 20240709

Lets start with hsbc, because europes biggest bank by assets has Just Announced its europes biggest bank by assets hasJust Announced its results for the third quarter. They show the bank had made a pre tax profit of 5. 1; billion in the period betweenjuly to september. Hsbc also announced a Share Buy Back of up to 2,000,000,000, despite having a big presence in europe, hsbc is to tap into the growth of chinas economy. Last year the bank generated just under 11,000,000,000 in pre tax profits. In its operations in china and hong kong which compensated for its losses elsewhere. The ceo, nohl quinn, says the bank is committed to investing 6,000,000,000 in asia, so what are the latest results tell us about the pivot of hsbc to china and develop an song cost cutting . Lets talk to the managing partner of a Capital Investment firm. What you make of the huge profits . How have they done . I you make of the huge profits . How have they done . You make of the huge profits . How have they done .

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Transcripts For BBCNEWS BBC World News 20240709

Of a four Year Old Girl who disappeared from a remote coastal camp site on saturday. Hello and welcome. Buckingham palace says Queen Elizabeth spent wednesday night in hospital in Central London for what its called preliminary medical checks. Earlier that day, she had cancelled a trip to Northern Ireland. Royal Officials Say she returned home on thursday in good spirits and was back at her desk undertaking light duties. Our royal correspondent Sarah Campbell reports. I saw you on telly the other night. I saw you on telly the other niuht. , i saw you on telly the other niiht,. , i saw you on telly the other niuht. ,. ,. , night. The day after hosting this reception night. The day after hosting this reception at night. The day after hosting this reception at windsor i this reception at windsor castle, Buckingham Palace announced that on medical advice, the queen would not be travelling to Northern Ireland on wednesday afternoon. She had been advised to rest for the next few days it was i

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Transcripts For BBCNEWS World Business Report 20240709

Hello there. We start with the row over taxing big tech. Britain along with france, austria, italy and spain have agreed to roll back their multibillion dollar Digital Services tax on the likes of facebook and amazon. Its part of a transition to a global minimum tax on all Big Companies due to come in from 2023. In return, the us is removing the threat of punishing tariffs that could have seen 25 import taxes slapped on european goods, from anything from clothing to shoes to cosmetics. From new york, Michelle Fleury has more. Its spelt out easily enough, how do you the digital world, but it turned into an ugly fight. The good forget the sparring between Emmanuel Macron and donald trump over this very issue . Europeans want attacks for Silicon Valley giants like amazon and facebook and argued it was a matter of fairness and equity. The americans for their part suspected the goal was to hurt its businesses and so threatened retaliatory measures. By agreeing to drop the threat of Trade Ta

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Transcripts For BBCNEWS World Business Report 20240709

Street. We start with tesla because the Electric Car Pioneer is charging ahead despite the Global Supply chain crisis. Tesla made record sales of 13. 8 billion dollars in the three months to september better than wall street was expecting and up 57 per cent on the same quarter last year. Profits quadrupled and car deliveries also hit record levels. But telsas warning that chip shortages, Energy Blackouts and port congestion are stopping factories running at full speed. And that could hit growth in the coming months as Samira Hussain reports from new york. Tesla reports from new york. Has bucked the trend of other tesla has bucked the trend of other car makers who have been reporting profits because of record Consumer Demand despite the global shortage of semiconductors mean they can charge of the vehicles that they are selling. But those have not been able to produce better overall Sales Numbers for cars of their Supply Constraints but tesla has been able to set a Company Record sellin

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