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Transcripts for BBCNEWS BBC News 20240604 04:19:00

country where facebook is in decline, tiktok has seen exponential growth. but with that huge influence has come concern. this is the head of the fbi being quizzed earlier this month in congress. could the use this month in congress. could they use tiktok this month in congress. could they use tiktok to this month in congress. could they use tiktok to control - this month in congress. could | they use tiktok to control data on millions of users? on millions of users? yes. could they on millions of users? yes. could they use on millions of users? yes. could they use it - on millions of users? yes. could they use it to - on millions of users? yes. | could they use it to control the software on millions of devices given the opportunity to do so? , devices given the opportunity to do so?- what s - devices given the opportunity to do so? yes. what s more concerning to do so? yes. what s more concerning for to do so? yes. what s more concerning for tiktok - to do so? yes. what s

Transcripts for BBCNEWS BBC News 20240604 10:16:00

whether that s been followed or not, and whether the accounts that he had given are correct. mrjohnson s critics took a different view. i got the impression by the end that he knows perfectly well. that the rules weren t followed. he s always known that the rules weren t perfectly followed, - and he s always sort i of tried to cover it up. it will be for the committee to decide if it thinks mrjohnson committed a contempt, and if it was inadvertent, reckless or deliberate. their report is not expected until late spring or early summer. helen catt, bbc news, westminster. and while that hearing was going on in parliament yesterday, the current prime minister rishi sunak chose that exact time in the afternoon to release his tax returns. records show he paid over £1 million in uk tax since 2019 on earnings of more than £4] million. calls for transparency about his finances came after it emerged his wife, akshata murty, had non dom status. i spoke with our chief political correspondent nic

Transcripts for BBCNEWS World Business Report 20240604 11:38:00

could they use tiktok to control data on millions of users? eh, yes. could they use it to control the software on millions of devices, given the opportunity to do so? yes. what s even more concerning for tiktok is it appears to have done the impossible unite the democrats and the republicans. i think that this is going to be uncharted territory for him, and it will be really, really interesting to see whether he sinks or swims. i think that there is a real risk that if this hearing doesn t go well, that has a massive impact on the future of tiktok. whether you think tiktok is a security concern depends on who you ask. but what we do know is tiktok collects a lot of information. by its own admission, the company collects usage information, device information, your ip address. it can even collect biometric identifiers and biometric information, such as face prints and voice prints. some say, so what? instagram collects similar information. others, though, say it s the link to china tha

Transcripts for BBCNEWS BBC News 20240604 10:02:00

even as it warned that the sector s troubles could drag down economic growth. america s central bank raised its federal funds rate, which affects many consumer and business loans, to a range 4.5 and 5%. jay powell said policymakers did consider a pause in the interest rate hiking campaign, in light of the banking turmoil, but the consensus for an increase was stronger. before the recent events, we were clearly before the recent events, we were clearly on before the recent events, we were clearly on track to continue with ongoing clearly on track to continue with ongoing rate hikes. in fact, as of a couple ongoing rate hikes. in fact, as of a couple of ongoing rate hikes. in fact, as of a couple of weeks ago, it looks like we would couple of weeks ago, it looks like we would need to raise rates over the course we would need to raise rates over the course of the year more than we had expected at the time in december, at the time of the december, at the time of the december m

Transcripts for BBCNEWS BBC News 20240604 10:03:00

restoring financial stability. still, the fed signalled that turmoil in the banking sector might end its rate rise campaigns sooner than had seemed possiblejust end its rate rise campaigns sooner than had seemed possible just a few weeks ago. so does that mean a soft landing is off the table? where the economy slows down just enough to bring down prices, without causing a recession. fed chairjay powell said it was too early to say. recession. fed chairjay powell said it was too early to say. it was too early to say. michelle fleu . and in the uk, the bank of england faces a tricky balancing, as last month, it predicted that the rate at which prices are rising had peaked. but yesterday, we learned that inflation unexpectedly rose to 10.4% in february, a near ao year high. the spike was driven by soaring food prices, which are still rising faster than at any time in the last 45 years. it means the uk has the highest inflation of all the major economies in the g7 the only one still in

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