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Transcripts For BBCNEWS Business 20240606

team and said he was looking forward to getting back to his family and his work in the uk. it s a stunning reversal for mr lynch was been involved in legal battles over autonomy sale for more than a decade. he in the formerfinance sale for more than a decade. he in the former finance chief lost a civil trial in the uk two years ago, which also focused on allegations that they are slated revenue before they are slated revenue before the sale to hewlett packard in 2011. for the first time in five years, the european central bank has cut interest rates. the move was widely expected with inflation easing in the 20 first samsung it s a first ever. the union was set “p first ever. the union was set up in 2020, before then there was no union. when i worked in samsung there was no union. it s very hard working company. employees work very hard and they used to work very long hours. these days i m actually the company is becoming much more lenient and ours are not as severe as wha

democratic alliance . so i ve got to ask you, dion, do you think these differences can be can be overcome, and how important is that for south africa s economy? well, i think it always boils down to choices. now, everybody has a particular perspective in south africa, and the trade unions in particular do not like the da s economic policy because we believe it s necessary to rein back the public sector wage bill. we need to rein back the strength of the trade unions in our economy. if economy doesn t grow, you don t have tax revenue, and you re unable to deliver services. i have lots of discussions with the minister of finance, and we both agree we have a growth problem. the anc does not believe that it has a spending problem which it does do. so choices need to be made, because if we don t do that, what s going to happen is what you said we d end up with a bailout, we ll end up with an economy

if economy doesn t grow, you don t have tax revenue and you re unable to deliver services. i have lots of discussions with the minister of finance and we both agree we have a growth problem. the anc does not believe that it has a spending problem, which it does do. so the choices need to be made because if we don t do that, what s going to happen is what you said. we d end up with the bailout. we ll end up with an economy that doesn t grow. and of course, heaven forbid we might end up with violence that nobody wants. you can see more you can see more of you can see more of that interview and find out about the struggles of south africa s economy. it s available this weekend here on bbc news. elon musk space x rocket has made its first successful test flight at three attempts and failure. the 65 minute flight wasn t without drama as an onboard camera showed many tiles peeled off before the start of the splashdown in the

Transcripts for BBCNEWS BBC World News America 20240604 21:13:00

his predecessor last autumn and by the previous prime minister liz truss. the whole idea of this budget was to say yes, we know that britain has got a growth problem but were not going to do anything that spooks the market. the not going to do anything that spooks the market. ., ., ., the market. the international monetary fund the market. the international monetary fund is the market. the international monetary fund is forecasting | the market. the international- monetary fund is forecasting that britain will be the only major economy to contract this year. why is britain uniquely in this position? is britain uniquely in this osition? , . . ., ., ., position? it s a culmination of thins. position? it s a culmination of things- the position? it s a culmination of things. the most position? it s a culmination of things. the most obvious - position? it s a culmination of things. the most obvious of. position? it s a culmination of things. the most obvious of a j position? it s

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