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Transcripts For BBCNEWS World Business Report 20240706

businesses groups in northern ireland have expressed hope over the windsor framework the new deal meant to simplify their post brexit trade with the rest of the uk. until now, some imports have been complex to manage others have been outright banned under the so called northern ireland protocol, intended to protect the eu s single market. the british prime minister rishi sunak has been in belfast to meet politicians and business leaders to build support for the framework. speaking to workers at one business, he said the new arrangements would help northern ireland become the world s most exciting economic zone with unique access to both eu and uk markets. if we get this framework implemented, we get the executor back up and running here, northern island is in the unbelievable special position, unique position in the entire world, european continent and having privileged access, not just to the uk home market which is enormous the fifth biggest in the world but also th

Transcripts for BBCNEWS World Business Report 20240604 05:39:00

chinese will be the cheapest export of the products, so perhaps countries like nam and india which are trying to compete they might feel more pressure. i would think that china will be quite a growth engine and they will be able to export their way out of it as they traditionally have. interesting, we will keep a close eye. chipmakers must agree not to expand in china or other countries of concern for ten years if they want to receive money from a us federalfund designed to prop up the semi conductor industry. that s a condition that s been set by the department of commerce to keep a lid on china s growth in this sector. let s go to our asia business hub for the details. katie silver is there. chip companies are going to have to choose between the world s

Transcripts for BBCNEWS World Business Report 20240604 05:42:00

attractive for companies because it is only two hours from the us border. it has a skilled workforce and generally companies are able to manufacture products at a lower cost. translation: they will invest in mexico, the factory will be built in monterey, they will be built in monterey, they will help us base the water scarcity with the series of commitments. it scarcity with the series of commitments. , , , ., , commitments. it represents many ob. commitments. it represents many “0b. this commitments. it represents many job- this is commitments. it represents many job. this is also commitments. it represents many job. this is also a commitments. it represents many job. this is also a test commitments. it represents many job. this is also a test for- job. this is also a test for tesla job. this is also a test for tesia as job. this is also a test for tesia as it job. this is also a test for tesla as it tries job. this is also a test for tesla as it tries to - job. this

Transcripts for BBCNEWS World Business Report 20240604 05:38:00

beforehand, the other thing is the pmi for non manufacturing sector was also very strong, a lot of construction work, i think we will see even stronger growth because the domestic economy and demand probably has been able but stunted, and you have already seen hong kong stock market has gone up so this will give a boost of confidence to chinese consumers. i expect to see a lot more important to china and more economic growth going forward. ., ., , forward. how will china be impacted forward. how will china be impacted by forward. how will china be impacted by a forward. how will china be impacted by a slowdown . impacted by a slowdown elsewhere. a lot of discussion about the year ahead for the us, the uk, europe and that impacts our demand for goods made in china? we impacts our demand for goods made in china? made in china? we have seen that the advantages made in china? we have seen that the advantages people i made in china? we have seen l that the advantages people will a

Transcripts for BBCNEWS World Business Report 20240604 05:41:00

other element of this has been when it comes to export control regulations. in recent times we have seen any chips made using american tools or intellectual property cannot be sold to china, that is another element they are trying to use. ok. they are trying to use. 0k, katie, interesting. - tesla is making the headlines again. the electric vehicle maker will build a major new plant in the northern mexican city of monterrey. the mexican president andres manuel lopez obrador made the announcement on tuesday, saying tesla chief executive elon musk will have more details later today. our north america business correspondent samira hussain is in monterrey. this represents a major victory for mexico. it demonstrates the country s ability to lure big global companies as it tries to establish itself as a manufacturing centre. this particular area of monterey is

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