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Transcripts For BBCNEWS World 20240703

Weekend. 50. Through what happened over the weekend. ~. , ~ through what happened over the weekend. ~. , ~ , weekend. 50, the tiktok bill was ut weekend. 50, the tiktok bill was put into weekend. 50, the tiktok bill was put into a weekend. 50, the tiktok bill was put into a package weekend. 50, the tiktok bill was put into a Package Withl was put into a package with foreign aid and that was passed through the house and now it is on the way to the senate, and based on indication of that, we have gotten, it sounds like this package will be approved, meaning that the bill will also be passed. Now, this is a massive load to tiktok but it is important to note that it is not the end yet. I am framing it more as the next chapter in tiktok s long and drawn out fight to survive here in the us, and it is a fight that is bubbly going to move pretty quickly now from congress into the courts. Of course this isnt their first rodeo and it has had some success in previous battles including in montana

Transcripts for BBCNEWS World Business Report 20240604 04:49:00

Set up in mexico as well, helping the country replaced china as the uss main trading partner. China as the uss main trading artner. ,. ,. , partner. The next Tesla Factory will be in partner. The next Tesla Factory will be in mexico partner. The next Tesla Factory will be in mexico near will be in mexico near monterey. It will be in mexico near monterey. Will be in mexico near montere. ,. , monterey. It is a significant chance monterey. It is a significant change are monterey. It is a significant change are some monterey. It is a significant change are some urge monterey. It is a significant i change are some Urge Caution monterey. It is a significant change are some Urge Caution to the wider Geopolitical Struggle. The wider Geopolitical Struggle the wider Geopolitical Struggle. The wider Geopolitical Stru . Le. ,. , struggle. The rich guy in town, the us, struggle. The rich guy in town, the us, is struggle. The rich guy in town, the us, is having struggle. The rich guy in town, the us

Transcripts for BBCNEWS World Business Report 20240604 04:46:00

People will be dependent on cars in norway. Really interesting. And you can see the full interview in this weeks Talking Business here on the bbc news channel. That is a look at how norway is transitioning to Electric Vehicles. But what is also interesting as well as we mentioned earlier that tesla has reduced its prices for its model three and some of its other cars in the competition in the sector is really heating up. In Hong Kong today, listed shares of chinese Electric Vehicle makers have been actually falling on financial markets as concerns mount over compressed margins amid the escalating price war. That news about tesla impacting Trading Today in Hong Kong, chinese Av Vehicles on the way down. I mentioned earlier mexico

Transcripts for BBCNEWS World Business Report 20240604 04:48:00

Whether it is furniture, T Shirts or car parts, the proximity to the us and the skilled labourforce here makes mexico an attractive to chinese companies. As more chinese firms reach that same conclusion and set up factories here, there has been an important shot in the arm to the mexican economy, particular post the covid pandemic. This chinese Mexico Industrial Park this city of monterey. Demand for plots is skyhigh with every available space already sold. Little wonder many economists say China Polymer Interest in mexico is no passing fad. The Ruestion Mexico is no passing fad. The question is mexico is no passing fad. The question is not mexico is no passing fad. The question is not if mexico is no passing fad. Tue question is not if this mexico is no passing fad. Tte question is not if this trend will continue, but rather, how much of that trend we can take advantage of. Becausejust much of that trend we can take advantage of. Because just as mexico is thinking and we are having th

Transcripts for BBCNEWS World Business Report 20240604 04:42:00

With the Business News here on the bbc. Now, lets focus on mexico. In recent years, its economy has experienced a major uptick in capital investment, largely due to something known as nearshoring. So, amid the Trade War between china and the us, scores of chinese companies have been taking advantage of conditions in Northern Mexico to get around us sanctions on chinese goods by making those same products in mexico instead. At the same time, some big us firms have relocated from asia to mexico. So, what are the pros and cons . 0ur Mexico Correspondent will grant reports from the northern city of monterrey. Apologies. We are clearly looking at asian financial markets there. We havent got

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