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Transcripts for BBCNEWS World Business Report 20240604 10:33:00

the world s biggest public food company, the swiss multi national nestle, is facing a shareholder vote at its agm later on whether to increase its range of healthy food products. several uk advocates for public health have called upon shareholders to support a special resolution. in a pre filmed address to shareholders, the company s chairman called upon them to vote down the motion and said nestle has always been committed to providing nutritious food and drinks. we have always been helping consumers make informed choices as part of a balanced diet. of course, this also includes enjoying moments of indulgence. our good chocolate, for example, from time to time and in a responsible way. however, a small group of shareholders led by the ngo, shareaction, wants us to disengage from indulgent products.

Transcripts for BBCNEWS World Business Report 20240604 10:38:00

know consumers want healthier diets, they want healthier options, and allardyce they want healthier options, and alla rdyce are they want healthier options, and allardyce are influenced by what is available, what is marketed to us and what is affordable. food companies can capitalise on that. that is at the company level. at the economy level, port diets lead to poor population health which leads to lower productivity which harms our economy, and most pension savers are highly diversified in their holdings, it is a health of the economy that matters, not the health of one individual company. thank ou. in other news. the former deputy governor of china s central bank has been charged with illegally accepting more than $50 million of property either directly or via his relatives. according to state media, fan yifei has appeared in court and a verdict is set to be announced at a later date. he s one of the highest ranking officials at the bank to be caught up

Transcripts for BBCNEWS World Business Report 20240604 10:37:00

creation, but that is not meeting the needs of governments who are having to deal with increasingly expensive health care bills, etc, so how do you convince them that this makes business sense? how do you convince them that this makes business sense? rethink their arr ument is makes business sense? rethink their argument is that makes business sense? rethink their argument is that both makes business sense? rethink their argument is that both levels, - makes business sense? rethink their argument is that both levels, both i argument is that both levels, both at the company level and the economy level. at the company level there are more sugar taxes in the world than carbon taxes, more than 50 countries in the world have sugar taxes, and the trend towards regulating towards encouraging healthier diets will only increase. the impact of the sugar tax we have seenin the impact of the sugar tax we have seen in the uk for example has been significant. it has led company to drive their c

Transcripts for BBCNEWS World Business Report 20240604 10:35:00

will hinder the company, what do you make of that? make of that? investors across the world are increasingly make of that? investors across the world are increasingly realising - world are increasingly realising that the health of the population is critically important for our economy, productivity and for investment. poor diets are contributing to poor population health. that is why they have been engaging with all food manufacturers, including nestle, to shift away from reliance on unhealthy products towards selling more healthier products. unfortunately nestle have existed that and that is why we are here today to put up to vote. this that and that is why we are here today to put up to vote.- that and that is why we are here today to put up to vote. this is a coalition of today to put up to vote. this is a coalition of five today to put up to vote. this is a coalition of five shareholders - today to put up to vote. this is a | coalition of five shareholders that have put this

Transcripts for BBCNEWS World Business Report 20240604 10:31:00

a company veteran of 17 years told a senate hearing that he was harassed and threatened after he raised concerns about the safety of the firm s planes. and former engineer ed pierson accused the aircraft giant of a cover up after a door panel blew out of a 737 max 9 jet, shortly after take off. michelle fleury was watching the hearings. this was damaging testimony for the plane maker boeing. engineer turned whistle blower sam salehpour claimed boeing used short cuts to reduce bottlenecks during the assembly of its 787 dreamliner planes. he said he faced retaliation for raising safety issues. and after the threats, and after this, you know, it s like, you know, it really scares me, believe me. but i am at peace. you know, if something happens to me, i am at peace because i feel like, by coming forward, i will be saving a lot of lives and i m at peace.

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