News on the banks. We were discussing on closing bell the banks finding out this evening what this extra stress tests theyll go through this fall will be there will be two severe recessions it will be tested against as opposed to normally one. Its possible we could interpret those severe recessions as not as bad as they could have been june saw unemployment spiking to 10 . This test has two versions one is that it spikes to 12. 5 and then dips more quickly to 7 7. 5 both of those factors perhaps highlight the severely adverse scenario didnt get that much worse given the year that were in than perhaps it could have got. 10 unemployment to 11 or 12 is not that much worse. That will also include a stock market decline by 30 house prices falling 26 all of course headlinegrabbing changes but not that much worse than they could have been given the fact that we already knew this early set of tests was coming there is one line that stands out at the end of the statement that says, the board re
Showing the Manufacturing Business in france is not over. I met one of europes most influential car executives at his paris headquarters. Five years ago you were facing a near death experience. We need to keep being agile. We understand how important this is. We need to move around the roadblocks. The more chaotic the world around us is, the more of an the more agility is an asset for a company like ours. They own numerous brands. In 2018, the combined Group Reported record earnings. Its auto unit made a return on sales of 7. 6 . Rivaling its german peers. Profit was driven by sales of the european car of the year. The record result was also helped from the company psa bought from General Motors and turned around after two decades of losses. Psa was on its knees. They lost 8 billion over two years. Most Industry Execs counted them out. They were too slow. Then he came in and in the matter of a few years he proved improved efficiency. Formula wasround called back in the race, cut the nu
Bows. Sir . Reporter youre exactly right. Everyone thought the hong kong protest issue was settled last week. Controversial bill was suspended. People left the streets. Now it is back, bigger than before, this is pushback against china and their influence in hong kong. Nearly two Million People of hong kong took to the streets on sunday demanding a number of issues. First of all release of people who had been arrested last week, punishment for police who ordered the use of force, resignation of hong kong leader lam and that secretary of state mike pompeo will raise the issue with president xi at the g20 next week. We see what is happening, unfolding in hong kong. Were seeing people of hong kong speak about things they value. Reporter the protest revived of a joshua wong, a prominent activist leader rallied the crowd after being released from prison. He was serving a twomonth sentence taking part in 2014 protest. It is time for us to the ability to step down and she will face two millio
The nation. Showing the Manufacturing Business in france is not over. I met one of europes most influential car executives at his paris headquarters. Five years ago you were facing a near death experience. We need to keep being agile. We understand how important this is. We need to move around the roadblocks. The more chaotic the world around us is, the more agility is an asset for a company like ours. They own numerous brands. In 2018, the combined Group Reported record earnings. Its auto unit made a return on sales of 7. 6 . Rivaling its german peers. Profit was driven by sales of the european car of the year. The record result was also helped from the company psa bought from General Motors and turned around after two decades of losses. Psa was on its knees. They lost 8 billion over two years. Most Industry Execs counted them out. They were too slow. Then he came in and in the matter of a few years he improved efficiency. The turnaround formula was called back in the race, cut the nu
and industry execs including elon musk believe so and have signed an open letter calling for a 6 month pause on advanced ai development. that s training sytems more powerful than openai s newly launched chatg pt. and here in the uk, the government has set out its plans to regulate ai with new guidelines on responsible use. critics fear the rapid growth of ai could threaten jobs or be used for malicious purposes but it is boosting economies worldwide. let s get the latest thoughts on all this with sue daley from the industry body techuk. sue, remind us why governments and businesses think ai can do us harm? ai technologies have huge potential to help our economy and our society. to address issues such as increased productivity, help in the climate change emergency, to help people in their everyday lives. there are concerns around how this rapidly evolving technology is having an impact on the way that we live, work and importantly, how do we get this right and notjust and impo