Transcripts For BBCNEWS World Business Report 20240709

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Street. We start with tesla because the Electric Car Pioneer is charging ahead despite the Global Supply chain crisis. Tesla made record sales of 13. 8 billion dollars in the three months to september better than wall street was expecting and up 57 per cent on the same quarter last year. Profits quadrupled and car deliveries also hit record levels. But telsas warning that chip shortages, Energy Blackouts and port congestion are stopping factories running at full speed. And that could hit growth in the coming months as Samira Hussain reports from new york. Tesla reports from new york. Has bucked the trend of other tesla has bucked the trend of other car makers who have been reporting profits because of record Consumer Demand despite the global shortage of semiconductors mean they can charge of the vehicles that they are selling. But those have not been able to produce better overall Sales Numbers for cars of their Supply Constraints but tesla has been able to set a Company Record selling more cars in the last three months than it ever has before. And that is despite Supply Chain Challenges and tip shortages. Compared to other alternators it is actually been better able to handle the shortages especially with semiconductors. At that quartet it produced 238,000 vehicles and can deliver more than 240,000 vehicles. Of course, The Big Question is how the company navigates the next three months. The Supply Chain Disruptions are showing no signs of abating. Steve fowler is editor in chief of auto express magazine. Good morning. Youve been looking at the tesla numbers so give us your take and how they are doing currently . The . Give us your take and how they are doing currently . Are doing currently . They have done well. Are doing currently . They have done well, havent are doing currently . They have done well, havent they . Done well, havent they . Theyve taken advantage of the situation the market or other car makers have not been able to supply cows and they have on the thing we have to remember is we talk about tesla is a car company but that is a bit of a mistake. As my Technology Company that happens to make cars and the way they have adjusted their production and things to deal with the chip crisis, for example, the Car Business Works are glacial speeds and because they postproduction the chip makers have moved on. Tesla have had to adjust so they can say that the Regulators Chips and that is another clever ways that test there seems be. Di test there seems be. Dc affecting test there seems be. Dc affecting chinas been quite critical introduction there overtaking the factory in california but the ones elsewhere in europe could take some time to really get up to speed. They are running about the future headwinds, and they . And they seem to matter that under delivering when it comes to timescales that resell for that but it will come. There is nothing more important the new batteries that we know there are chinese factories are producing cars very well. And because coming out of china seem to be very well built indeed and that reduces warranty claims. Where does it sit in terms of competition because at that first mover advantage and a Cult Following that competitors have alternatives now so where does it stand the point of your competition . fix, it stand the point of your competition . It stand the point of your competition . It stand the point of your cometition . � , competition . A very podcast has a net half competition . A very podcast has a get half an competition . A very podcast has a get half an even competition . A very podcast has a get half an even tougher a get half an even tougher because competition is catching up because competition is catching up now and they dont think that a car company. Their products ahead of the game and they keep ahead by the other Car Companies are trying very hard to think of themselves as Software First rather than traditional engineering first and playing catch up. The new models tested in the uk this week. A big car and it is help towards the big Profit Numbers and keeps ahead of the latest viable but there are more coming and others will think more like tesla and it will be tougherfor them to more like tesla and it will be tougher for them to stay ahead. Thank you. To the uk now where the government has agreed a Free Trade Agreement with new zealand. Prime minister borisjohnson and his new zealand counterpart Jacinda Ardern agreed the deal in a video call on wednesday after 16 months of negotiations. Mrjohnson says it will cut costs for exporters and open up new zealandsjob market to uk professionals. But new zealand accounts forjust a tiny fraction of uk trade currently 0 point 2 percent and the National Farmers union is warning the deal could harm british farmers and lower food standards. Concerns the bbc put to the uk Secretary Of State for international trade, anne marie trevelyan. This is a very exciting Liberalising Trade Deal and she had to have billion pounds worth of trade of new zealand and this will increase up to 30 and there will be opportunities for british businesses. 0ther Tariffs will disappear from businesses. 0ther Tariffs Will Disappearfrom buses businesses. 0ther Tariffs will disappear from buses to bulldozers, said opportunities to grow and provide opportunity more access to new zealand and a big piece of work and mobility so we can see more specialists and professionals working in new zealand and mobility both directions. Theres lazio family and friends know those relationships will be strong and easier to manage and both parties are very excited about that. This is a great deal in terms of new zealand than i am not at all concerned different seasons in a practical sense there when im using my northumbrian lab at easter without beating new zealand than that might be able to have it in my sunday lunch in autumn. It is a complementary relationship. Part of the day that they want to export more but they already export. But that id worry if exporting New Zealand Lamb which is going to be cheaper than the Lambie Buddies At Home . That is going to buy british farmers. Im buddies at home . That is going to buy british farmers. To buy british farmers. Im not concerned to buy british farmers. Im not concerned at to buy british farmers. Im not concerned at all to buy british farmers. Im not concerned at all because to buy british farmers. Im not concerned at all because new| concerned at all because new zealand already has six enormous capacity to exploit because of the wto quotas and they dont use capital because of many other markets that they used to sell their lambs into so it is a complementary relationship and i am excited about it both sides. Tell relationship and i am excited about it both sides. About it both sides. Tell us what you about it both sides. Tell us what you think about it both sides. Tell us what you think about about it both sides. Tell us what you think about that. | tell us what you think about that. Lets turn to the soaring cost of energy because its high on the agenda for European Union leaders as they start a 2 day summit in brussels. The eu is heavily dependent on imported energy much of it natural gas from russia. Spain and france are among countries pushing for a co ordinated policy on energy, including setting up a strategic gas reserve. Simone tagliapietra is a Senior Fellow at the bruegel think tank in brussels where he specialises in energy policy. Good morning. Talk as to what spain is proposing. European leaders will talk about how to react to the current spike in Energy Prices in europe. Spain advocates of structural transformation say spain is proposing to basically buy gas together. To lay a face the future. Fans, for example, is a Phasing Errorfrom market the year to make sure Electricity Devices and decoupled from gas prices. 0ther Decoupled from gas prices. Other countries are saying this is a temporary situation might provide short term fixes at lets not change the rule of the game now because this is not required. They say the situation will not arise and we know will use a lot less energy in spring and summer there be in the same position this Time Next Year . And what extent, as you say, germany is not on board, will this make any progress in the next few days . I think saying this is a temporary situation which resulted in spring and we have the tools available to deal with the shorter impacts and the tools to protect the most vulnerable citizens in the situation i think it is sensible. Panties are several tools to intervene and protect vulnerable families that enterprises the client still works and this is exactly what countries like spain, italy france have already been doing over the last weeks and that is exactly what we do focusing on poland and other countries are linking somehow the Current Situation to the Energy Transition and the need to pay spain package for the European Green deal and this is not the case. This is a situation that is related to a number of different conditions and that the green transition hotel. We do appreciate your perspective on what is happening. Thank you. Thank you. Lets turn to bitcoin now the cyptocurrency has touched a new record high above 67,000 dollars surpassing the peak it set last april. Whats driving the latest surge . Analysts are pointing to the launch of the First Bitcoin Exchange traded fund in the us this week effectively a fund based on Bitcoin Futures thats traded like a share. They say it is helping Drive Investment in the Digital Currency and giving It Respectability as a mainstream investment. Good morning. Dimension detached good morning. Dimension detached 67,000 good morning. Dimension i detached 67,000 yesterday good morning. Dimension detached 67,000 yesterday and it fell back a little to 64,000. In days ago was below 60,000 that even though we have a legitimate bitcoin it is the level at her product. find a legitimate bitcoin it is the level at her product. And that is the key. Level at her product. And that is the key, isnt level at her product. And that is the key, isnt it . Level at her product. And that is the key, isnt it . A level at her product. And that is the key, isnt it . A few is the key, isnt it . A few days ago we were reporting on present biden warning about it and others talking about how it can undermine counties only to be cautious. But there is an appetite heart. We are like china has banned Bitcoin Trading people are trying to get round that but bitcoin is the comeback king. There is a huge appetite. This etf could open the way to a whole new round of investors are legitimate investors. It is a much easier way to get hold of crypto currency and have it in your stocks portfolio, your Markets Portfolio and it could open the doors to investors. It is interesting because bitcoin is interesting because bitcoin is one of many many Crypto Currencies. The most high profile and yet there is always there is concern that bitcoin are other Crypto Currencies are used for, you know, Money Laundering 04, you know, payment for various things which is, you know, criminal, to the end of the day. And that is the wary about digital currencies, isnt it . You can hide all sorts. It currencies, isnt it . You can hide all sorts. Hide all sorts. It is and it is interesting hide all sorts. It is and it is interesting that hide all sorts. It is and it is interesting that this hide all sorts. It is and it is interesting that this is hide all sorts. It is and it is i interesting that this is backed by Bitcoin Theatre so not the Bitcoin Totals themselves but the future is. Theyve actually been regulated by their Chicago Mercantile Exchange for many years now so it does show firstly that even Etf Community is dipping its toe lightly into bitcoin to start with. Secondly, it shows that obviously there is a huge amount of demand but they wanted in a pre packaged form whereby it is a lot more appetising than Buying Tokens from a server gel to keep it in wallets and it could be linked to criminal activity. This is the legitimate face of Bitcoin Trading. The legitimate face of bitcoin tradinu. ~ the legitimate face of bitcoin tradinu. , ~ ,. , the legitimate face of bitcoin tradinu. ~. , the legitimate face of bitcoin tradin. ,. , ~. , to asia now where chinese real estate Giant Evergrande has faced another setback in its battle to avoid collapse. Evergrande is struggling under massive debts of some 300 Billion Dollars and fears it could default have rattled global markets. Now another plan to sell off part of the business has fallen through shares in the company were down 14 percent in hong kong today. Sarah toms is following the story for us in singapore. The bad news just the bad newsjust keeps the bad news just keeps coming. So shares of the giant chinese Property Developer have taken an absolute hammering today as trading resumed in hong kong. Now, shares had already been falling this year around 80 since the start of the year. Trading was suspended for around two weeks as the company tried to thrash out 2. 6 billion dot mac the bed to sell a stake in Property Services unit to Arrival Development has just fallen through and this is freely rattling investors because there is a looming deadline for default that is coming on saturday if the company doesnt pay back, doesnt make a payment on an overdue payment on an offshore bond and so this is really rattling investors. Stay with us on bbc news, still to come a historic moment that many of his victims have waited for for decades. The former dictator in the dock older, slimmer. And as he sat down, obedient enough. Dawn, and as the sun breaks through the Piercing Chill of night on the plain outside, it lights up a biblicalfamine now in the 20th century. The depressing conclusion, in argentina today it is actually cheaper to paper your walls with money. Weve had controversies in the past with great britain, but as good friends we have always found a good and lasting solution. Concorde bows out in style after almost three decades in service. An aircraft that has enthralled its many admirers for so long taxis home one last time. This is bbc world news, the latest headlines. A stark covid warning from the World Health Organisation the pandemic will last longer because of the unequal distribution of vaccines. The uk governments under mounting pressure to reintroduce coronavirus restrictions in england with doctors accusing ministers of being � wilfully negligent�. Let� s turn to the business of golf now Club Memberships have been in decline as the sport struggles to attract a new generation of players. But has the pandemic turned its fortunes around . Katie silver reports from singapore. At 14 you might expect dell to spend her time in tick tock but instead it is goal. A year into the pandemic, wanting a break from school days spent in a mask, she decided it was time to tee off. I mask, she decided it was time to tee off to tee off. I started in march to tee off. I started in march to find my to tee off. I started in march to find my creative to tee off. I started in march to find my creative outlet. To find my creative outlet. Tiffany magic. There is obviously different where there and it is a great bonding experience with people. I am back nicely. Experience with people. I am back nicely experience with people. I am back nicely. She is not alone. Here in singapore back nicely. She is not alone. Here in singapore it back nicely. She is not alone. Here in singapore it takes back nicely. She is not alone. Here in singapore it takes a l here in singapore it takes a lot of drive. Want to take golf lessons . Waiting lists have got longer keeping golf coaches busier than ever. A lot of europeans, a lot ofjapanese you know, especially now where people can travel and there� s maybe not as many things you can do. ~ , can do. Member sell their memberships can do. Member sell their memberships onto can do. Member sell their memberships onto othersj can do. Member sell their memberships onto others and their prices ahead of your upswing. At this golf club, for instance, one of the citystate� s most coveted courses they have increased by one third to more than 300,000. One third to more than 300,000. ,. , ,. , 300,000. Know many people as a crisis, will tighten 300,000. Know many people as a crisis, will tighten up 300,000. Know many people as a crisis, will tighten up your crisis, will tighten up your cash crisis, will tighten up your cash and crisis, will tighten up your cash and wed spend but this crisis cash and wed spend but this crisis is cash and wed spend but this crisis is so strange. Everyone isjust crisis is so strange. Everyone isjust pouring the money. Theyre isjust pouring the money. Theyre just dying to buy up a membership. Theyre just dying to buy up a membership theyre just dying to buy up a membership. There you have it. Have ou membership. There you have it. Have you been membership. There you have it. Have you been playing membership. There you have it. Have you been playing golf . Membership. There you have it. Have you been playing golf . I. Have you been playing golf . I have come actually. And i am improving, believe it or not. But i came from a very low base. But i came from a very low base. Finally from pandemic pastimes to lockdown comfort eating. Sales of cheese surged to record levels here in the uk last year despite the closure of restaurants and cafes because of lockdown. Today the International Cheese dairy awards begin in the uk . Attracting over 5,500 entries from across the world. Ian luxton is chairman of the International Cheese and dairy awards. A very big day for you. I assume you have not got to taste every entry, have you . Good morning. I have to say the line is not terribly good but i can just about hear you. So, yes, we have got 5000 entries from over 32 countries. We have moved to a new location in staffordshire so it is still in our milk heartland and the central knock about of england and wales. That we have moved to a weatherproof then you said that we can take away the horrid effects of weather change. I horrid effects of weather chance. ,. � change. I can imagine. And in terms of change. I can imagine. And in terms of the change. I can imagine. And in terms of the hot change. I can imagine. And in terms of the hot favourite change. I can imagine. And in| terms of the hot favourite who is going to come out the winner and from which country . Is going to come out the winner and from which country . Well, i cant answer and from which country . Well, i cant answer that and from which country . Well, i cant answer that question can� t answer that question simply because i don� t know. The Competition Dot Mac so we� re going to be hit by about 250 or sojudges had 130 stewards in an hour and a half from now. They will get briefed and they were then set off to start the judging process. And they were then set off to start thejudging process. And it will get whittled down during the course of the morning to eventually about ten or 15 cheese on a table. And it could be a whole variety of cheese. And we� ve arrived pretty much on Industry Experts that know those traits of a specific cheese. That know those traits of a specific cheese. What are they lookin specific cheese. What are they looking for . Specific cheese. What are they looking for . Well, specific cheese. What are they looking for . Well, it specific cheese. What are they looking for . Well, it really looking for . Well, it really depends looking for . Well, it really depends on looking for . Well, it really depends on the looking for . Well, it really depends on the cheese looking for . Well, it Reallyl Depends on the cheese that looking for . Well, it really depends on the cheese that they are assessing. So if you are looking at cheddar, for example, which, you know, still the dominant cheese in the uk, 84. 1 of the British Public each cheddar. And if you� re grading a cheddar then if it is a mild cheddar you� re looking for something that has got a good sort of softer body with a good sort of softer body with a good flavour and judges are very set criteria is and what they� re looking for depending on the variety of cheese. So we much rely on Industry Experts but alongside days we will have members of the press there will, no and communicate what is happening and members of retailers that will come and have young cheese graders. There is a process in terms of thejudging and we are there is a process in terms of the judging and we are looking forflavour. They the judging and we are looking for flavour. They looking for appearance and texture and those traits, when you see cheese on a Supermarket Shelf it goes to a fairly rigorous Testing Process before it gets there so dot mac i Testing Process before it gets there so dotma Testing Process before it gets there so dotmac i am sorry to interruot there so dotmac i am sorry to interrupt you there so dotmac i am sorry to interrupt you thank there so dotmac i am sorry to interrupt you thank you there so dotmac i am sorry to interrupt you thank you so there so dotmac i am sorry to l interrupt you thank you so much for explaining the day ahead. It sounds really excited. Thank have a good day. Thank have a good day. Hello. Thursday is going to feel chilly especially when we contrast it with the temperatures we had at the start of the week, when we were getting Daytime Highs in the high teens, even the low 20s. And it will feel all the more cold because we� ll pick up a keen northerly wind. The cold air plunging in behind this Weather Front, sinking south overnight. Ahead of it, some heavy rain which pull off into the continent. And then, through thursday daytime, we open the floodgates for cold air to sweep all the way south through the uk. We� ll start the day with some cloud and rain to the south, the Weather Front pulling away, making way for lots of sunshine come the afternoon but there will be some showers to the northwest, and they will be wintry across the hills and mountains of scotland. The wind a notable feature, gales possible down the north sea coast. These are the temperatures that you� d see on the thermometer but, factor in the wind, those temperatures along the north sea coast will feel more like 4 5 celsius. We continue with showers streaming into the north and west as we move overnight thursday and into friday. Quite a chilly night, as well in sheltered eastern spots, there could be a patchy frost with sitting in quite cold air, but the strength of the wind will protect many from actually seeing bits of frost. Through thursday daytime sorry, friday daytime, though, the winds will start to ease back a little as a ridge of High Pressure builds in from the atlantic. Still some showersjust managing to sneak into the top of that ridge, a bit of cloud under it, as well perhaps not the faultless blue skies of thursday, but it should just feel a little bit milder because the wind won� t be quite as cutting. But, for things to really become milder, we need to get to the weekend, and it� s all about the change in wind direction. As we say goodbye to this ridge of High Pressure, it pushes away to the east and we start to pick up a south westerly. For saturday, i think, actually, a lot of fine weather across the uk. There� ll be some Cloud Closing in to the west, and we will see some rain for Northern Ireland by the end of the day. But the temperatures lifting up, we should hit the mid teens, but it will feel so much warmer because we� re moving back into a more atlantic airstream. Sunday, greater chance of some showers just about anywhere across the uk sheltered eastern areas favoured for the driest and brightest weather. Temperatures possibly up to 15 16 to the south. Good morning. Welcome to breakfast with Naga Munchetty and charlie stayt. 0ur headlines today. The government is under mounting pressure to reintroduce coronavirus restrictions in england, with doctors accusing ministers of being wilfully negligent. Mps ask Police Forces to urgently assess the scale of the problem with women being spiked with needles in nightclubs. And we catch up with three fathers who are inspiring people to open up and talk, as they approach the finish line of a 300 mile walk to raise awareness of suicide in young people. Good morning. 0ur good morning. Our plan is about to change allowing Foreign Workers to make more deliveries in the

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