Transcripts For BBCNEWS World 20240702

Card image cap



between the world's two economic heavyweights. chinese foreign minister wang yi is in washington — he's been meeting us secretary of state antony blinken and is expected to meet national security adviser jake sullivan. blinken told the un security council on tuesday he would work with the chinese foreign minister to prevent the middle east conflict from spreading. but talks with china are also expected to focus on trying to resolve disagreements over other issues — including trade. earlier this week, beijing restricted the exports of graphite — which is used in many products, including electric cars. china produces 90% of the world's graphite supply. the us responded by advising its top tech firms — which included nvidia — to stop exporting some of their latest ai products to china. soaring demand for nvidia's chips has driven its share price up by more than 200% over the past year, with china its leading buyer. janet mui is head of market analysis at rbc brewin dolphin. thank you for being with us. this meeting, coming at a time it seems the relationship is getting even worse. what can it achieve? thank ou for worse. what can it achieve? thank you for having _ worse. what can it achieve? thank you for having me. _ worse. what can it achieve? thank you for having me. tension - worse. what can it achieve? thank you for having me. tension is - worse. what can it achieve? thank| you for having me. tension is really intense. it is a difficult issue to resolve. it is a rivalry between the two biggest economic power on technology and geopolitical influence. the tension is focus on technology, it has the potential to make or break a country's technological dominance in the world. these are critical issues, and so far stands from china is retaliation. there has been a restriction critical minerals. the situation is not easy to resolve. who is winning this trade war question i think it is difficult situation for china because the us is restricting these high—tech ai chips. is restricting these high-tech ai chi s. ~ . , is restricting these high-tech ai chis.~ . _ u, ., ., ., chips. which is crucial for china to build u- chips. which is crucial for china to build up this _ chips. which is crucial for china to build up this infrastructure. - chips. which is crucial for china to build up this infrastructure. i- build up this infrastructure. i think china potentially currently is a bit more at the lower end here because of theirs. but china is trying to double down on investment. but having progress, but not developing as advanced chip as a new worse. it is doubling down because it is trying to achieve self—reliance. it is trying to achieve self-reliance.- it is trying to achieve self-reliance. . , ., it is trying to achieve self-reliance. ., ., self-reliance. on a separate note we've had — self-reliance. on a separate note we've had over _ self-reliance. on a separate note we've had over nights _ self-reliance. on a separate note we've had over nights news - self-reliance. on a separate note we've had over nights news that. self-reliance. on a separate note - we've had over nights news that wang yi died, he stepped down. was there any geopolitical influence of his passing? he was a godfather of free trade. at passing? he was a godfather of free trade. �* , ,., passing? he was a godfather of free trade. �* , , ,,,_ ., trade. at this point, probably no. peole trade. at this point, probably no. peeple will _ trade. at this point, probably no. people will remember _ trade. at this point, probably no. people will remember his - trade. at this point, probably no. i people will remember his economic legacy. he was economic visionary. he is very pro—market and pro—reform. under his leadership, china has been focusing more on growth quality rather than quantity and reducing its heavy debt load. he will be applauded as an economic visionary and applauded for his leadership in economic reforms. zoning in on more recent departures, we heard the defence minister was formally removed from his post, even though he hasn't been seen for two months. he was seen as a hardliner, and i wonder of their was a sense of movement within the authorities in beijing, perhaps towards more friendly relations with the united states, for example. i friendly relations with the united states, for example.— friendly relations with the united states, for example. i can't comment too much, states, for example. i can't comment too much. but — states, for example. i can't comment too much, but that _ states, for example. i can't comment too much, but that has _ states, for example. i can't comment too much, but that has been - states, for example. i can't comment too much, but that has been some i too much, but that has been some changes, and basically it has been more towards the allies over the past couple of months. i think the issueis past couple of months. i think the issue is the market is currently worried that china is moving more in word, ratherthan worried that china is moving more in word, rather than outward. appreciate you sharing your thoughts. thank you for being with us on bbc news. the failed crypto—tycoon sam bankman—fried — better known to many by his initials sbf — has taken the stand in his fraud trial. the former chief of the collapsed crypto exchange ftx faces several charges, including defrauding his customers by as much as $10 billion, charges that he has denied. he told a judge in new york that he was acting on legal advice in good faith. our correspondent erin delmore was in court. interesting one, because he was testifying to the judge, there was no jury testifying to the judge, there was nojury president, and thejudge will decide whether to present his testimony to the jury. what will decide whether to present his testimony to the jury.— will decide whether to present his testimony to the jury. testimony to the “ury. what is that about? it testimony to the “ury. what is that about? awas— testimony to the “ury. what is that about? it was so — testimony to the jury. what is that about? it was so unusual. - testimony to the jury. what is that about? it was so unusual. the - testimony to the jury. what is that i about? it was so unusual. the judge said to bejury about? it was so unusual. the judge said to be jury there about? it was so unusual. the judge said to bejury there is about? it was so unusual. the judge said to be jury there is something we need to discuss and i'm sending you home. and to the rest of us, to the legal defence and prosecution and public in the courthouse, he said the defence had wanted to present topic areas the prosecution objected to. he noted while it was unconventional, his solution was to hear it for himself only decide what would be admissible. we ended up with something that looked like a dry run or dress rehearsal of sam bankman—fried's testimony. only portions were objectionable, mostly focusing on the company policies and advice from lawyers sam bankman—fried said his actions were legal. some of the topics covered included corporate communications, document policies and loans extended to sam bankman—fried and others, with him saying he felt secure knowing the loans had been structured by lawyers. he seemed calm, collected, direct. then the prosecution took over. they cross—examined him and focus in on f tx's terms of service, and the prosecution asked him directly, where in this document doesn't say the hedge fund found by some backward freed could use customer funds? and with his time he was waffling, stammering, going back—and—forth, a bit evasive. that irked notjust a prosecution, but thejudge, who said irked notjust a prosecution, but the judge, who said the defendant has an interesting way of answering questions. we will see today what happens when he has brought back to court. ., ~ happens when he has brought back to court. . ~ ,, happens when he has brought back to court. ., ~' ,, , happens when he has brought back to court. . ~ ,, , . happens when he has brought back to court. ., ~ ,, , . ., court. thank you very much for “oininu court. thank you very much for joining this- — it's exactly a year since elon musk bought the social media platform once known as twitter. and a lot has changed, the name for a start, it's now called x. thousands of staff who were tasked with keeping hate speech and misinformation in check have been fired. so—called verified users now pay for their blue ticks, although it allowed anyone to simply buy verification for high—profile names that weren't theirs. it's lost nearly half of its advertising revenue, according to several analytics firms. james clayton reports from x's home in san fransisco. a year ago, elon musk famously, infamously, walked into twitter holding a sink. let that sink in, he quipped, before firing huge swathes of its staff. 30 seconds left. 35 seconds. everybody here? we're all about to get fired. it was emblematic of his erratic leadership. he slept in the office, changed twitter�*s name to x, talked about fighting mark zuckerberg, who launched a rival to twitter, called threads, over the summer. i got a taste of that unpredictability when i messaged him to ask him for an interview six months ago. a few hours later, he was telling me he'd appointed his dog to run twitter. i'm not the ceo of twitter. my dog is the ceo of twitter. 0k. but although some have left the platform, it has been remarkably resilient. a year on, x, formerly known as twitter, still exists. threads, mark zuckerberg's rival, has not been the twitter killer that some have touted it to be, but it still has major problems. despite what elon musk says, independent analysts say that twitter�*s user numbers are falling. x has put out different numbers, saying that things are going great — that there must be something going on that we're not seeing. but, basically, everything is down on a year over year basis. advertisers have also shunned the platform and the eu has criticised it for high levels of disinformation. he hired former advertising exec linda yaccarino over the summer to try to bring them back. many of you in this room know me and you know i pride myself on my work ethic. but, buddy, i met my match. but some investors say advertisers won't come back until the platform is better moderated. i think that twitter is dying. i think it's just dying right now. and i don't think twitter users like me want it to die because it's become such a valuable resource for me. but... but it's time. so i don't care what elon says. it doesn't matter what he says. there's a reality and there's a fantasy. the fantasy that ross garber is referring to is mr musk�*s big dreams for x. this is what he told me he wants x to become. if twitter�*s an accelerant to x... what does that... what does that mean? well, i guess you'll have to stay tuned to find out. ah, come on. we now know a little bit more. he wants x to do streaming games, video calls, banking, you name it — the everything app. that was embarrassing — almost died. but, ultimately, x still gets the vast majority of its revenue through advertising. if it's going to survive in the short term at least, it needs to bring them back. james clayton, bbc news, san francisco. in other news... the british airways owner iag has posted record profits of $1.8 billion forjuly to september. the airline group, which also includes iberia, vueling and aer lingus, said it boosted capacity by almost 18% with the delivery of 20 new aircraft. iag says its forward bookings are looking good, but that it's mindful that economic and geopolitical uncertainties could affect the rest of this year. us chip—maker intel reported results that beat wall street expectations for the july to september quarter. despite its overall revenue declining about 8% the same period a year ago, shares rose about 6% in late trading. the company also said it is on track to catch up with chipmaking rival tsmc in an increasingly competitive industry. american car—maker ford also reported its earnings. but unlike intel, it missed analysts expectations and saw shares falling about 3% in after—hours trading. the us auto sector is also in a state of flux — with ongoing worker strikes that have lasted six weeks, demanding fair pay and better benefits. the company said the strikes will likely reflect in the results for the next quarter. stay in touch with the @bbcbusiness team and me on socials, i'm @tadthnright. rhianna managers the council save garden herbs where social services, police, education and health come together for calls expressing concern about children. she with colleagues have to ensure their responses are safe and appropriate. i love myjob, i want to do a good job. it is not lost on me the sense of responsibility that comes with being a group manager. ibibic of responsibility that comes with being a group manager. bbc wales research shows _ being a group manager. bbc wales research shows that _ being a group manager. bbc wales research shows that responsibility. research shows that responsibility has increased across wales. the number of contacts into children services increased in all but three of 20 councils compared with last year. of 20 councils compared with last ear. ~ ., �* of 20 councils compared with last ear. . . �* ., ., ., of 20 councils compared with last ear. . . �* . ., ., ., of 20 councils compared with last ear. . . �* ., ., ., ., year. what we've had to do as a local authority _ year. what we've had to do as a local authority is _ year. what we've had to do as a local authority is significantly i local authority is significantly increase our workforce, particularly increase our workforce, particularly in the front door and into our locality teams.— in the front door and into our locality teams. that comes at a cost. bridgend's _ locality teams. that comes at a cost. bridgend's children - locality teams. that comes at a l cost. bridgend's children services overspent by £7.5 million this year. the deputy ministerfor overspent by £7.5 million this year. the deputy minister for social services met councillors to hear their concerns about pressures. the welsh government added they will continue to work closely with partners on the challenges services face. hello from the bbc sport centre. let's start with the cricket world cup, where we've reached the business end of the group stages. pakistan are hoping to rescue their campaign as they take on south africa — who could go top of the table with a win. pakistan won the toss in chennai, chose to bat and finished on 270 all out, babar azam and saud shakeel with 50s to get them to a decent score. south africa have begun their chase and are currently 74—2. pakistan realistically need to win all of their remaining games to have a chance at reaching the semi—finals. from one world cup to another. the final of the rugby union world cup is tomorrow between south africa and new zealand — while, the bronze medal match

Related Keywords

Foreign Minister , China , Judge , Us , It , Counterpart , Trade Tensions , Boss , Agenda , Washington , Exchange , Behalf , Collapsed Crypto , Ftx , New York , Jury , Meeting , World Business Report , Wang Yi , World , Antony Blinken , Secretary Of State , Heavyweights , The , National Security , Two , Peole Trade , Issues , Conflict , Un Security Council , Disagreements , Jake Sullivan , Middle East , Products , Exports , Graphite , Tech Firms , Which , Graphite Supply , Electric Cars , Beijing , 90 , Chips , Demand , Ai , Buyer , Share Price , Nvidia , 200 , Market Analysis , Head , Janet Mui , Rbc Brewin Dolphin , Tension , Issue , Relationship , Worse , Rivalry , Thank , Tension Worse , Thank Ou , Tension Is , Influence , Technology , On Technology , Power , Potential , Country , Dominance , Retaliation , Restriction , Minerals , Situation , Trade War Question , Ai Chips , Infrastructure , U , Ai Chi S , Chip , End , Investment , Progress , Self Reliance , Note , News , Free Trade , Godfather , Passing , Point , People , Trade , Visionary , Legacy , Peeple , Will Trade , Leadership , Quantity , Growth , Debt Load , Defence Minister , Hasn T , Reforms , Zoning , Post , Departures , Example , Relations , Sense , Authorities , Movement , Hardliner , States , Friendly , Allies , Changes , Word , Issueis , Bbc News , Market , Thoughts , Ratherthan , Sam Bankman , Chief , Exchange Ftx , Many , Stand , Customers , Fraud Trial , Charges , Sbf Has , Crypto Tycoon , Oininu Court , Erin Delmore , Advice , Faith , 0 Billion , 10 Billion , Testimony , Jury , Ury , Thejudge , President , One , Something , Prosecution , Defence , Rest , It Testimony , Courthouse , Public , Awas , Solution , Topic Areas , Company , Sam Bankman Fried , Policies , Run , Dress Rehearsal , Portions , Actions , Loans , Some , Document Policies , Topics , Others , Communications , Terms Of Service , Lawyers , Focus , Tx , Doesn T , Hedge Fund , Customer Funds , Stammering , Defendant , Notjust A Prosecution , Answering Questions , Way , Twitter , Elon Musk , Name , Lot , Called X , Start , Social Media Platform , Users , Thousands , Names , Staff , Verification , Hate Speech , Misinformation , Anyone , Ticks , Weren T Theirs , Advertising Revenue , James Clayton , Analytics Firms , Half , Home , San Fransisco , Sink , Everybody , Swathes , 35 , 30 , Rival , Summer , Mark Zuckerberg , Threads , Office , Fighting , To X , Taste , Platform , Ceo , Unpredictability , Dog , Interview , 0k , 0k , Six , Problems , Killer , Numbers , User , Things , Analysts , Everything , Advertisers , Linda Yaccarino , Basis , Disinformation , Levels , Eu , Match , Work Ethic , Room , Buddy , Investors , Resource , It S Time , Fantasy , It Doesn T , Musk , Big Dreams For X , Care , Reality , Mr , Ross Garber , Majority , Revenue , Banking , Advertising , Term , App , Least , Games , Video Calls , Come On , Airline Group , Owner Iag , Profits , British Airways , 1 8 Billion , 8 Billion , Uncertainties , Aircraft , Delivery , Capacity , Bookings , Good , Vueling , Liberia , Aer Lingus , 18 , 20 , Shares , Results , Trading , Chip Maker Intel , Track , Wall Street Expectations , 6 , 8 , Car Maker Ford , Earnings , Expectations , Industry , Saw , Chipmaking , Intel , Auto Sector , Tsmc , 3 , Estate , Strikes , Worker , Fair Pay , Benefits , Flux , Stay , Bcbusiness , Team , Socials , Adthnright , Social Services , Save Garden Herbs , Council , Police , Calls , Health , Education , Rhianna Managers , Children , Myjob , Colleagues , Responses , Job , Concern , Group Manager , Responsibility , Services , Wall , Research , Bbc Wales , Number , Contacts , Ibibic , Wales , Councils , Authority , Ear , Teams , Locality , Workforce , The Front Door , Teams In , Three , Government , Councillors , Cost , Deputy Minister , Concerns , Pressures , Bridgend , Al Cost , Deputy Ministerfor Overspent , 5 Million , 7 5 Million , Partners , Challenges , Cricket World Cup , Group , Business , Stages , Pakistan , Hello , Bbc Sport Centre , Campaign , Win , Table , Toss , Bat , Who , South Africa , Saud Shakeel , Babar Azam , Chennai , 50 , 270 , Final , Chance , Score , Semi Finals , Another , Rugby Union World Cup , 74 , 2 , Medal , New Zealand ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.