Transcripts For BBCNEWS World Business Report 20240710

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So lets discuss in more detail the Expectation Today that there will be an announcement that all covid 19 related restrictions in england would be lifted next monday. But was thatjune 21 deadline. Government sources have told the bbc most current rules will remain for another four weeks afterjune 21st. It means nightclubs will remain closed and People will be encouraged to still work from home where possible. Concerns about the spread of the delta variant, now dominant in the uk, have led some scientists to call for the delay. For business, its a pivotal moment. Ukhospitality, the Trade Body for pubs, restaurants and hotels says lifting all restrictions next week is crucial as currently only two in five hospitality businesses are operating profitably. Kate nicholls, Chief Executive of ukhospitality, joins me now. Kate,it kate, it looks likely them that this four Week Delay is going to take place. What is your reaction . It to take place. What is your reaction . Reaction . It is absolutely devastating reaction . It is absolutely devastating for reaction . It is absolutely devastating for our reaction . It is absolutely i devastating for our sector, reaction . It is absolutely devastating for our sector, one in four venues are still not legally able to open so for them the 21st Ofjune was the first date they could look forward to even opening. Thats now pushed back further and for many of those businesses, they are quite simply running out of road after 16 Months with no revenue. So the remainder of the sector, as you may say, trading under these restrictions mean they dont break even and so for them, to 21 was a date on which they could start to look towards viable trading, repairing their businesses and looking beyond moving from a Survival Mode into a Recovery Mode so during 21 was a date. It is hard to underestimate the importance to the sector of a four Week Delay and those four weeks mean the sector as a whole loses a further £3 billion of revenue on top of the 16 Months of losses they have already sustained. So what are ou have already sustained. So what are you looking have already sustained. So what are you looking for have already sustained. So what are you looking for from have already sustained. So what are you looking for from the are you looking for from the government in terms of support, if they do make this delay . It if they do make this delay . If the government makes the delay thanit the government makes the delay than it is imperative that support roles over. The government has been good at extending support to make sure that businesses have what is needed to continue to survive. We very much hope they dont come but off prematurely. Crucially we needed in the area of property to support Property Cost and in particular we need an extension of the rent that moratorium and a solution to resolve that debt crisis, there is £2. 5 million worth of debt hanging over the sector which falls due on the first ofjuly, a Breathing Space on Business Rates but also help with bills that are due to kick in from the start ofjuly, £100 million worth of Business Rates bills will hit the sector injuly, we would ask that to be postponed for three Months. 1150 would ask that to be postponed for three Months. For three Months. Also as well the cut for three Months. Also as well the out to for three Months. Also as well the cut to vat, for three Months. Also as well the cut to vat, you for three Months. Also as well the cut to vat, you want for three Months. Also as well the cut to vat, you want that l the cut to vat, you want that extended as well, presumably, on hospitality . The extended as well, presumably, on hospitality . On hospitality . The chancellor did ensure on hospitality . The chancellor did ensure that on hospitality . The chancellor did ensure that the on hospitality . The chancellor did ensure that the cut on hospitality . The chancellor did ensure that the Cut Vat i on hospitality . The chancellor. Did ensure that the Cut Vat was maintained so that runs through until september. At the lower rate of 5 and then 12 until march so we have conversations with the government next year about that. We are grateful for the fact the Vat Cut will be maintained. Throughout this difficult period. There are signals that the government has been listening, is keen to work with us, wed urge them to continue to support the sector as we go through and navigate the last bit of uncertainty as we come out which means that our businesses can focus on supporting their teams and bringing more People back off furlough and as i say recovering the shattered Balance Sheets of 16 Months of brillo profitability trading. Kate, for now, thank you once again for being on the programme low profitability trading. Katie nichols from ukhospitality. Kate nicholls from ukhospitality. Nightclubs in england have been closed for 15 Months and now it looks like they cant re open for another month. There have been several trial events, including club nights for 3,000 People in liverpool, to see how clubbing can return safely despite the pandemic. Coronavirus has decimated the nightclub industry, with a recent report finding Uk Clubs have been forced to make 51 of their Staff Redundant since last year, many more than in pubs and bars. Michael kill is Chief Executive of night time industries association. Michael, what action are you going to take if the four Week Delay is announced . At going to take if the four Week Delay is announced . Delay is announced . At the moment. Delay is announced . At the moment, just delay is announced . At the moment, just being delay is announced . At the moment, just being very i delay is announced . At the moment, just being very clear, i mean, this action, if this comes to fruition later today, is going to decimate the industry, particularly the night time economy, which is made up of the cultural sector as well as the commercial sector and the events and festivals. I mean, from our perspective, we are looking at all angles now to challenge the government and we are also looking at the legal position that we can undertake because at present, if this happens, we are looking within a couple of weeks after this decision of one in four nightclubs, late Night Economy businesses, have closed permanently. Has the government have closed permanently. Has the government been upfront with you about how their their Pilot Events have gone and how the results of those has fed into their Decision Making on what can open when . Decisionmaking on what can open when . Decisionmaking on what can 0 en when . ~ �. Open when . Weve received much ofthe open when . Weve received much of the information open when . Weve received much of the information but open when . Weve received much of the information but still of the information but still unclear of the premise of the decision or the evidence which have allowed them to reach this decision. Weve obviously seen a lot of information in terms of infections, hospitalisation, mortality which is similar to most, which they are basing their decision in terms of data. But when we talk about this, there are a lot of environments that we see that are open now which have a very similar contact and proximity environment but, you know, nightclubs, late Night Mikey Butler nightclubs and late night businesses would be in the same boat so from our perspective we need to get the doors open and the only way that we can save these businesses is by getting the doors open and you have to remember 1. 5 million People rely on this industry and that does not include the tertiary Purchase Businesses which are also in a troubled situation so i cannot understate the importance of the 21st and the government should not either because it is going to leave a legacy of mental health, anxiety and issues within the sector, alongside the confidence which will be absolutely slammed moving forward from Workforce Investment and for landlords which, as kate mentioned earlier, is a big issue at the moment and needs to be resolved. Moment and needs to be resolved resolved. What have you proposed resolved. What have you proposed you resolved. What have you proposed you can resolved. What have you proposed you can do resolved. What have you proposed you can do to l resolved. What have you proposed you can do to minimise risk when People come to nightclubs, going forward . From our pempective. Nightclubs, going forward . From our perspective, we nightclubs, going forward . From our perspective, we believe our perspective, we believe that we can create a very clear Covid 19 Safe Environment and we talk about the levels of sanitation and the fact that our industry is very good at managing People and we have exceptional ventilation which is one of the key things that the government are talking about so as a starter, we are already a step forward so from our perspective, given the rollout and the success of the work that the nhs have done in terms of the Vaccination Rollout and the levels we are seeing in the break between Mortality And Hospitalisation or infection, we feel but now is the time to step forward. We understand the governments concerns but there is also account active concern over an industry which has been left closed for 16 Months, amongst others, including the Wedding Industry and festivals, event industry, which have been sidelined and its becoming a serious issue and People are falling, depression has doubled, we are in a position where, you know, we really need the government to address this. Michael, thank you for being on the programme. Lets get some of the days other news. Microsoft has showcased 30 upcoming games and said most of those titles will be available on its monthly Subscription Service Xbox Game Pass. The company said it would launch new games on Game Pass every month through to The End of the year, including titles such as Pc Strategy Series age of Empires Iv and Racing Game Forza horizon 5. Mcdonalds is the latest big company to be hit by a Data Breach that has exposed customers details. The worlds biggest Burger Chain said cyber attackers had accessed a small number of files on customers in South Korea and taiwan. The breach included e mail, Delivery Addresses and phone numbers, but not payment details. American Father And Son michael and Peter Taylor will appear in a Tokyo Court in about 20 minutes time for the first time for allegedly helping former Nissan Boss Carlos Ghosn to flee japan. They were extradited from the us in march. Lets go live to our asia business hub, where Mariko 0i joins us. This will be fascinating. Mariko, remind us about the saga . Indeed, sally, who could forget the dramatic escape at The End of 2019 just as People in japan were really getting ready to celebrate the new year, the news of carlos Ghosns Escape came in, hidden in a box and on a privatejet, before reaching his childhood home lebanon, which does not have an Extradition Treaty with japan. He was of course awaiting trial on charges of financial wrongdoing, including understating his compensation and migratory� s financial statements as well as enriching himself at his Employeess Expense and he denies any wrongdoing and claims he had to escape Fromjapan Wrongdoing and claims he had to escape from japan because he would have faced an unfair trial nissans financial statements. Left behind was Greg Kelly who used to work for nissan alongside Carlos Ghosn and aside from this Father And Son, Us Army Special Forces veteran Michael Taylor and his son peter, who could face up to three years injail, there son peter, who could face up to three years in jail, there were several others in turkey as well, an official from the private airline as well as two pilot who have beenjailed private airline as well as two pilot who have been jailed for helping Everyone Escape via istanbul. So we will hear from the Taylor Family very shortly entering their Plea Today but also the case closely watched in japan as also the case closely watched injapan as the case really shook nissan and the Car Industry back then. It certainly did. Good to see you, mariko. Stay with us on bbc news. Still to come where have all the containers gone . We investigate a mysterious disappearance that is causing serious disruption to Global Trade. There was a bomb in the city centre. A Code Word known to be one used by the ira was given. Army bomb experts were examining a Suspect Van when there was a huge explosion. The South African Parliament has destroyed the foundation of apartheid by abolishing the Population Registration Act which, for a0 years, forcibly classified each citizen according to race. Just a day old, and the Royal Baby is tonight sleeping in his cot at home. Early this evening, the new prince was taken by his Mother And Father to their apartments in kensington palace. Germanys parliament, i the bundestag, has voted by a narrow majority to move the seat of government from bonn to berlin. Berliners celebrated into i the night, but the decision was greeted with shock in bonn. The real focus of Attention Today was valentina tereshkova, the worlds first woman cosmonaut. What do you think of the russian woman in space . I think its a wonderful achievement and i think we might be able to persuade the wife it would be a good idea if i could to get her to go up there for a little while. This is bbc world news. The latest Headlines President biden arrives in brussels for the nato summit, promising to return the us to a leading role. Israels parliament has voted to approve a new Coalition Government that ends Benjamin Netanyahus 12 year run as Prime Minister. It will be headed for the first two years by the religious nationalist naftali bennett. In brazil, the pandemic has taken a heavy toll on the job prospects of young People. But in some districts, theyre organising and fighting back. Translation ive been looking for a Ob Translation ive been looking for a job since translation ive been looking for a job since the translation ive been looking for a job since the beginning for a job since the beginning of 2020. I decided to look for a job now to help my parents at home and to buy the things i need, to save money for college is one day i hope to graduate. Because of the pandemic, looking for work now is an almost impossible task because firms are closing down and they are reducing staff. Are reducing staff. Pedro is one of the are reducing staff. Pedro is one of the millions are reducing staff. Pedro is one of the millions of are reducing staff. Pedro is| one of the millions of young brazilians who are unemployed during the pandemic. Even before covid 19 young People in Brazil Struggle hardest to find work as they have to compete with millions of other unemployed People often with much more experience. The pandemic aggravated the situation with unemployment rates for People aged 18 24 reaching nearly 30 by The End of 2020 with more than 4 Million young brazilians looking for a job. But in the favela of paradiso, one of the largest communities in san pablo, the most populous city in south america, Community Leaders are fighting the pandemic in new employment at the same time. We pandemic in new employment at the same time. The same time. We establish a ureat the same time. We establish a great solidarity the same time. We establish a great Solidarity Network great Solidarity Network and Street President s. For every 50 homes we have a voluntary resident taking care of 50 families. To keep the structure running, we hired around 200 young People so they could help with the co ordination. Young People so they could help with the coordination. With the coordination. Grassy is one of the with the coordination. Grassy is one of the young with the coordination. Grassy| is one of the young employees in the fight against coburn. At first a volunteer, she now receives a salary. As part of herjob, she provides support for women in the community, including victims of domestic violence. ,. ,. , violence. Inflation Micro Translation violence. Inflation Micro Translation | violence. Inflation Micro Translation | feel violence. Inflation Micro Translation | feel so violence. Inflation Micro I Translation i feel so proud because translation i feel so proud because. Because translation i feel so proud because. Because when i. Translation i feel so proud. Because. Because when i first started i was not employed, i was desperate, so to start working for such an incredible thing, i said working for such an incredible thing, isaid my working for such an incredible thing, i said my mum every day actually, she is the one who says it, how much have changed. Another initiative is helping hundreds of locals finding jobs in companies close to the community, including young People looking for their first jobs. People here call it the favela linkedin. Translation the employer Communities Project was created in 2017 and we have already registered more than 17,000 People in our database. We qualified over 1500 People and have already found jobs for around 2700 People. Found jobs for around 2700 eole. , found jobs for around 2700 People. Maybe i found jobs for around 2700 People. Maybe with i found jobs for around 2700 i People. Maybe with the People. Pedro maybe with the Help Pedro People. Pedro maybe with the Help Pedro will People. Pedro maybe with the Help Pedro will find People. Pedro maybe with the Help Pedro will find a People. Pedro maybe with the Help Pedro will find a job i People. Pedro maybe with the Help Pedro will find a job so i Help Pedro will find a job so Help Pedro will find a job so he can help his family. Translation he can help his family. Translation �. ,. , translation im Hopefulthat Thins will translation im hopefulthat things will change, translation im hopefulthat things will change, that translation im hopefulthat things will change, that Things L things will change, that things will happen, and i will be able to go back to the job market. Freight shipping is in the midst of a unique and unusual predicament. An unforeseen cascade of events caused by the pandemic has led to a worldwide container shortage. The lack of containers has a Ripple Effect down entire Supply Chains, disrupting trade on a global scale. Prices of shipments are skyrocketing. In the uk, firms Importing Items from East Asia are facing additional charges and longer wait times. There are around 170 Million Shipping Containers across the globe, used to transport 90 of world goods. Peter sand is chief Shipping Analyst at bimco, the largest of the international shipping associations representing shipowners. Welcome to the programme, peter. So, first of all, just explain the different events that had problems. I explain the different events that had problems. Explain the different events that had problems. I think it is fair to say that had problems. I think it is fair to say that that had problems. I think it is fair to say that the that had problems. I think it is fair to say that the whole | is fair to say that the whole global Supply Chains are on the verge of breakdown right now, including that In Manila where many of our members operate and own ships. But they have not been able to break down fully, thank god, but what we have seen more recently in the South China area, it can to what we saw in the Suez Canal with the blockage only two Months ago, with massive destruction on that critical seaborne link of the global supply chain. So right now, companies are doing whatever they can to draw contingency plans, a skill they have grown increasingly good at over the past some 15, 18 Months since The Endemic broke out. 50 Months since The Endemic broke out. ,. , Months since The Endemic broke out,. ,. , Months since The Endemic broke out. , out. So in the South China area, out. So in the South China area. The out. So in the South China area, the problem out. So in the South China i area, the problem currently is ports have had to close because of Infection Rates climbing in certain areas, as in covid 19 Infection Rates, is that correct . What we have seen in terms of disruptions in the past 1. 5 years has been covid related and related to basically also the stellar comeback in terms of demand especially in north america, so you ask at some point in time whether the containers go . Well, Across The Pacific into the us could be the short reply to that one. So the issue of where our containers, they are on their way to the united states but things are taking a lot longer, its much more expensive and that is a real issue, isnt it, the businesses, wherever they are globally. Businesses, wherever they are aloball. ~ globally. Indeed, i think it will definitely globally. Indeed, i think it will definitely swing i globally. Indeed, i think it will definitely swing over i globally. Indeed, ithink it will definitely swing over from favouring shippers with cheap rates for many years and right now it is basically every shipperfighting for now it is basically every Shipper Fighting for every box on a global scale, going into europe above 10,000 per unit. But that has to feed through to prices at the till, doesnt it, eventually, and there is a real concern about inflation globally and this is probably one of the factors to consider in that. I one of the factors to consider in that. ~ ~. , in that. I think the American Wa Of in that. I think the American Way of stimulating in that. I think the American Way of stimulating Demand L in that. I think the american | way of stimulating demand is causing more Inflation Scares as they are basically putting too much water into the Bath Tub and of course that has to Speu Tub and of course that has to spell over into increased prices on to Second Hand cars for example, but at The End of the day, you can fit 10,000 shoeboxes into 140 foot container, the Shipping Costs for travel halfway around the globe is still only 1 each so it is not necessarily shipping rates that are skyhigh pushing up rates that are skyhigh pushing up inflation, im afraid. {lila up inflation, im afraid. Ok, peter, up inflation, im afraid. Ok, peter. Good up inflation, im afraid. Ok, peter, good to up inflation, im afraid. Ok, peter, good to talk up inflation, im afraid. Ok, peter, good to talk to i up inflation, im afraid. Ok, peter, good to talk to you. | peter, good to talk to you. Thanks for being on the programme. Lets stay on the topic of tackling the pandemic, Chinas Influence and climate change. They were the main topics at the g7 as the summit concluded in cornwall. As part of that they have promised to supply1 billion doses of vaccine for poorer countries and Joe Biden is saying the leaders are committed to promoting democratic values. But what was said about the Global Economy, about trade and what was in there for businesses . Lets talk to each of these williams. What did you take away from g7 . They continued to investjihad. Is your previous Correspondence Peter was saying that has led to really a surge in demand that has caught out quite a lot of logistics Around The World and we have seen quite a big pickup and inflation. I think the other thing from a Business Point of view is the commitment to get key global economies so they dont push Global Economy, global temperatures up to 1. 5 celsius and that in itself will lead to quite a lot of investment going forward. What do Ou Investment going forward. What do you think investment going forward. What do you think in investment going forward. What do you think in Terms Investment going forward. What do you think in terms of investment going forward. What do you think in Terms Of Trade . How did this gathering of all of these leaders, with a new president and the united states, not a Donald Trump but a joe states, not a Donald Trump but aJoe Biden, what states, not a Donald Trump but a Joe Biden, what does that need to make for Global Trade . What is interesting is the us has joined what is interesting is the us hasjoined in what is interesting is the us has joined in with the rest of the g7 to actually promote Cross Border Trade in a way that was perhaps more disruptive than the previous administration, so that will mean there is more opportunity for Global Trade. Unfortunately we are still leading with the backend of the pandemic and most common are logistics problems. There is a will to do Global Trade but an inability to supply in many cases. 5 Global Trade but an inability to supply in many cases. B51 to supply in many cases. As i have already to supply in many cases. As i have already mentioned, the green recovery, what can return to prevent a Climate Crisis globally, that was very much at the centre of these conversations. ~ ,. , the centre of these conversations. ~ ,. , conversations. Absolutely and that is going conversations. Absolutely and that is going to conversations. Absolutely and that is going to take conversations. Absolutely and that is going to take an i that is going to take an enormous amount of investment. We can talk about Things Like Steel And Cement which are very big in terms of c02 Steel And Cement which are very big in terms of co2 emissions. We need to invest on a global basis to massively reduce the Co2 Basis to massively reduce the c02 from these industries. Shall c02 from these industries. All the leaders committing to net zero emissions by 2050 and also pledging to eliminate most coal power, and is watched very closely, isnt it, by business investors, shareholders. It is very much on the minds of those within the financial community, isnt it . ~ , ~ within the financial community, isntit . ~ , ~. , isnt it . Absolutely. We are actually attempting isnt it . Absolutely. We are actually attempting to i actually attempting to completely change the Energy Source of the whole Global Economy and that in itself is actually quite a big job as you would imagine, and most particularly, as we move away from carbon based fuels, that is going to be an issue that we may not get exactly right and that could cause inflation along the way and we have already seen that with the Oil Price reaching three highs recently. Price reaching three highs recently price reaching three highs recentl. ,. ,. , recently. Your thoughts on financial recently. Your thoughts on financial markets recently. Your thoughts on financial markets this i recently. Your thoughts on i financial markets this week . We had that Inflation Number from the us last week, much higher than expected. What likely be like this week for financial markets . Markets . Certainly the inflation markets . Certainly the inflation was markets . Certainly the inflation was higher markets . Certainly the I Inflation was higher than the economists were expecting but not higher than what the market was expecting. We saw the evaluation of bonds improved after that and that reflected the fact that the Investor World was already expecting high inflation and if anything markets probablyjust gently raised this week, particularly led by some of the us technology stocks. Bill led by some of the us technology stocks. All right, thanks very technology stocks. All right, thanks very much, technology stocks. All right, thanks very much, good i technology stocks. All right, thanks very much, good to i technology stocks. All right, i thanks very much, good to talk to you. Show you how markets are doing and asia. Many markets are closed today for a public holiday, so the Hang Seng is not open today, nor are markets in Australia Or Mainland china because they are all enjoying a public holiday. But as you can see, japans Market Up by 0. 6 of 8 currently. So you are fully up to date. Thank you for your company and to have a lovely day. Do have a lovely day. Hello there. It was a very warm day on sunday. And across Northern Ireland, it was the warmest day of the year so far before the rain arrived. It was also the warmest day of the year in wales, 27 degrees in the south of the country. But for many parts of the uk on monday, it will be much cooler. The Cooler Air is coming down from the north west, arriving in scotland and Northern Ireland by morning, as the rain eases off and trickles down into northern england. A very warm start to monday, though, across england and wales. Whats left of any rain in northern England And North wales willjust peter out, and this band of cloud just wanders southwards, arriving in East Anglia and the South East in the afternoon. Either side of that, some sunshine, increasing cloud, though, coming into Northern Ireland and scotland with some blustery showers in the north west. And it will feel cooler for many parts of the country except towards the South East of England And East anglia, where weve got high temperatures and humidity before the cloud arrives during the afternoon. Now on sunday, it was 28 celsius at wembley. It wont be anywhere near those sort of temperatures at hampden for the scotland game. Its much cooler and breezy, as well. The Cooler Air is behind that Weather Front they are, thats out of the way on tuesday. High Pressure Building in from the azores this weather system, though, is arriving in from the atlantic, meaning that more of a Breeze Picking Up in scotland and Northern Ireland, increasing cloud and some rain in the north west, as well. England and wales still dry, still sunny, while not as hot in the South East, for many other parts of the uk, temperatures may be a little bit higher on tuesday. Moving into wednesday, this is where we find our band of cloud. Theres not much rain on it by this stage. Scotland and Northern Ireland cooler, largely dry. For england and wales weve got quite a contrast, really, across the uk for england and wales, that heat is building, and the humidity, too, especially towards the South East, where temperatures wont be far away from 30 celsius. But then it could all go Bang Weve got the threat of some Heavy Rain, thunderstorms late wednesday, through thursday and into friday, mainly across the midlands and eastern parts of england, where we will see that Heavy Rain overnight, still perhaps around during thursday. Not quite as wet further North And West across england and wales, and drier and brighter for scotland and Northern Ireland. But it will be cooler. Its humid in the South East, but with that thundery rain, temperatures wont be quite as high as wednesday. Good morning. Welcome to Breakfast Withjon kay and louise minchin. 0ur Headlines Today a delay of four weeks in lifting Lockdown Restrictions is ageed by ministers. Details of the decision for england are expected to be announced by the Prime Minister later. It had been expected, but for many businesses, it was the outcome they desperately wanted to avoid. Im at one venue in halifax to get the reaction to the decision. Scotland expects. Yes, sir, i can boogie. The celebrations forjust getting here were tremendous

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