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Transcripts For BBCNEWS Business Today 20241010

Kilometres South West of cape canaveral. Making its way across florida. The new leader has delivered his national address since he became leader injanuary. He called on the people of taiwan to be courageous and brave amid escalating tensions with china. He pledged to defend the islands sovereignty. It makes most of the well s advanced chips. Lets speak to a political Scientist And Assistant professor at taiwan university, and a nonresident fellow. Thank you forjoining me. First of all, the speech, what have you made of it, what do you see is the most important Top Lines . What we have often important Top Lines . What we have often heard important Top Lines . What we have often heard from important Top Lines . What we | have often heard from William Lai since he came into office was a bit more of a snarky tone and how he addressed china and relations. We saw a Tone Change in the Speech Today where we saw far more pragmatic level headed language in regards to Cross Trade Relations and th

Transcripts For BBCNEWS Business Today 20241010

States have sued the Social Media platform, accusing it of helping to drive a mental Health Crisis among teenagers. A bipartisan group of 1a Attorney generals from across the country allege the company uses addictive features to hook children to the app. They also claim its intentionally misled the public about the safety of prolonged use. Tiktok has called the lawsuit disappointing. The platform is already battling a law passed by congress in april that would ban it from the us unless a chinese Parent Company agrees to sell it. Details now from New York. To sell it. Details now from New York to sell it. Details now from New York. , ,. , New York. The lawsuits from more than New York. The lawsuits from more than a New York. The lawsuits from more than a dozen New York. The lawsuits from more than a dozen states New York. The lawsuits from i more than a dozen states argue tiktok was deliberately designed to keep young people hooked on the service. The massively popular Video App is used

Transcripts For BBCNEWS Business Today 20241009

Image issues and encouraging eating disorders. She says the social media platform put profits ahead of its users while being. profits ahead of its users while beinu. ~. ,. , ,. ,. While being. We want to protect children, it s while being. We want to protect children, it s that while being. We want to protect children, it s that simple while being. We want to protect children, it s that simple as children, it s that simple as that children, it s that simple as that because nationwide children and teens are struggling with a significantly hih struggling with a significantly high rates of depression. Anxiety, high rates of depression. Anxiety, suicidalthoughts, suicidal anxiety, suicidalthoughts, suicidal ideation and other mental suicidal ideation and other mental health issues largely because of social media. 30 because of social media. So what does because of social media. Sr what does tiktok say? a spokesperson for the massively popular video app told the bbc we strongly

Transcripts For BBCNEWS Newsday 20241009

Hurricane milton has re strengthened to a category five storm as it barrels straight towards florida. People there are evacuating en masse, ahead of its projected landfall on wednesday night local time. The national hurricane center says the storm has doubled in size since tuesday. You can see this timelapse, here shared by american astronaut matthew dominick, showing how this storm looks from space. Local authorities and weather experts say milton will bring a destructive storm surge, in which some areas will not be survivable. Hundreds of flights have been canceled ahead of its landfall, which is expected to bring strong winds of up to 165 mph or 270 kph. Milton comes just days after hurricane helene tore through the south eastern us; 225 people were killed by the natural disaster across six states. The back to back storms are expected to leave historic levels of damage that could take years to recover from. Unlike helene, milton will only pass through florida on its way to the atlan

Transcripts For BBCNEWS Business Today 20241009

The issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. system. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. You need to get the

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