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BBCNEWS Asia July 6, 2024

on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the chip maker shocked analysts by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. the hardware made by nvidia underpins most ai applications today with one report suggesting it has

BBCNEWS Asia July 6, 2024

i think this bill shows that that assessment was correct. and we have to keep our eye on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the surge in the company s share price came after the chip maker shocked analysts by forecasting a surge in demand for its products because of advan

BBCNEWS Asia July 6, 2024

that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about 5 minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a chilling dollar firm the search came up to the chip maker shocked analyst by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. artificial intelligence or al. the hardware made by nvidia underpins most ai applications today with one report suggesting it has cornered 95% of the market for machine learnin

BBCNEWS Asia Business Report June 4, 2024 00:37:00

other economies and also india is not as dependent on export manufacturing in this point in time which plays in its favour. a free trade deal between australia and uk comes into force today, the first the uk negotiated from scratch after it left the european union. westminster has said it will add almost $3 billion to british exports, describing the deal as fantastic . however, the government s own estimates say it will add only 0.08% to the uk economy. uk farmers are also warning they could be undercut by cheap imports, which could costjobs. a uk new zealand deal starts today as well. staying with australia, the parliament has begun a series of hearings to examine the leaking of confidential government tax plans by the accounting firm pwc. the country s treasury says it would be reviewing its contract with the company and the matter has been referred to police for criminal investigation. pwc has suspended nine

BBCNEWS Asia Business Report June 4, 2024 01:35:00

to improve us trade ties with china, quoting elon musk as saying he opposes decoupling and breaking chains. the disgraced entrepreneur elizabeth holmes has arrived at a us prison to begin an 11 year sentence. she reported to the facility in texas after a court rejected her request to remain free on bail. ms holmes was convicted of fraud last year for duping some of the world s richest investors into backing her failed blood testing company, theranos. the firm was once valued at $9 billion. but its technology never worked and it collapsed in 2018. ms holmes has appealed against her sentence. later today, we ll find out how the indian economy performed in the first three months of the year. it s predicted to have expanded around 6%. this is significantly higher than china, whose first quarter growth came in at 4.5%. and last month, india

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