technology. certain parts of those surveys are supposed to be inaudible infrastructure and governed by non—profit and yet, there is so much capitalistic kind of approaches to control of the commercial aspect and commercial potential of this technology. i think that openai saga was, you know, the fundamental tension is really between the nonprofit mission versus full profit but, of course, there is a lot of nuance between this in terms of how they govern, how the board handles this whole situation, including exactly what technical concerns that the board has seemed to compel them to press the panic button. last night overnight i woke up to a lot of discussion in terms of studies but we can take that later but the most important thing we can ask is what kind of, you know, technology, what kind of digital service should be governed by non—profit and regarded as a public service and what kind of technology should be controlled by shareholders and commercial services? �* , shareholders and commercial services? 3 ., shareholders and commercial services?— shareholders and commercial services? �*, ., ., services? let's now zoom in on finance because _ services? let's now zoom in on finance because its _ services? let's now zoom in on finance because its leadershipl finance because its leadership changed also marks the latest scandal for the crypto industry which is still reeling from the collapse last year of rival platform ftx. and the commitment of fraud of founder sam bankman—fried this month —— binance. earlierspoke sam bankman—fried this month —— binance. earlier spoke to justin from kye rowles and he told me by this time around there hasn't been much of a reaction in the crypto currency markets. ., ., ., ~ markets. from a market perspective _ markets. from a market perspective what - markets. from a market perspective what is - markets. from a market - perspective what is remarkable is that most parts have been unfazed in the crypto spaces business as usual regardless of how it may sound the outside perspective. besides withdrawals that were taken out of binance, abouti billion so far, the exchange itself keeps on being operational, it is still the largest training venuein still the largest training venue in terms of users or product or venues and so most parts of binance are not changing their behaviour. maybe the one dynamic you would expect is other exchanges would take the opportunity of this new cycle to solidify their position, right, so ipx which are seen as the exchange after finance would probably be a bit more aggressive in terms of use acquisition or product development or other places suffer. ., ., ., ., suffer. the value of ma'or cryptocurrencies i suffer. the value of ma'or cryptocurrencies has i suffer. the value of major cryptocurrencies has not l suffer. the value of major- cryptocurrencies has not really moved either and you spoke about the withdrawal which there was some but compared to ftx, it's kind of nothing. why is that? is ftx, it's kind of nothing. why is that? , . , , is that? is a simple explanation, - is that? is a simple explanation, in - is that? is a simple explanation, in ftx is that? is a simple - explanation, in ftx there is that? is a simple _ explanation, in ftx there was something fundamentally wrong with the management and operations of the exchange which were just playing out fraudulent. funds were taken out and everybody essentially went for a bank run and tried to remove the funds but for binance the issue is not about the exchange, the platform, but more about the compliance and regulatory practices of maybe management and the different users that were accepted on the platform. but it doesn't come as a shock and it doesn't really impact the functioning of the exchange itself. an analogy i've used when describing this issue is more if you think about traditional finance in large banks, think of baby ubs or hsbc, maybe they would be fine for bad behaviour but it doesn't mean stocks as a whole would go down —— think of maybe. or even the sector as a whole is suffering. they pay the fine and they can carry on and maybe improve their practices. i think it's a similar case happening here with binance. d0 similar case happening here with binance.— similar case happening here with binance. do you make of the new singaporean - with binance. do you make of the new singaporean boss? i the new singaporean boss? positive, a good choice, but the difference between changpeng zhao who was prominent but crypto native but the new ceo is much more a traditional finance savvy and in touch with regulators and regulators in general so it would probably take binance in a path moving forward.- would probably take binance in a path moving forward. today is the biggest _ a path moving forward. today is the biggest shopping _ a path moving forward. today is the biggest shopping day - a path moving forward. today is the biggest shopping day of - a path moving forward. today is the biggest shopping day of the | the biggest shopping day of the yearin the biggest shopping day of the year in the united states, black friday. the retail sector has a lot riding on how much american consumers want to spendin american consumers want to spend in the next 2a hours or so. while the us economy shows no sign of all edible signs of strength these days people are still feeling the pinch of inflation as well as high borrowing costs. we caught up with jcpenney�*s boss. borrowing costs. we caught up withjcpenney�*s boss. we borrowing costs. we caught up with jcpenney's boss.- with jcpenney's boss. we see that our customers _ with jcpenney's boss. we see that our customers are - that our customers are absolutely facing the headwinds of inflation and so, there's a number of things we're doing. firstly, it's offering them pre— inflation prices, so we looked at hundreds of holiday items in black friday and we are offering those at the same or lower price than last year and the other thing we are doing is helping them on the credit side. because we know that's also important to them and so starting december one and so starting december one and running through to december 24, and running through to december 2a, we are running a special promotion that is in—store only and when a customer spends more than $250 for their baskets, they will be able to have that and carry that for six months interest free. they will make six equal payments but it will be interest—free. six equal payments but it will be interest-free.— six equal payments but it will be interest-free. when you talk about those _ be interest-free. when you talk about those pre- _ be interest-free. when you talk about those pre- inflation - about those pre— inflation prices, who is absorbing the difference in cost there because i know the prices themselves have not come down? i think one of the advantages that we have is we have a lot of really great brands that a private label brands, brands like stjohn�*s baye, liz claiborne, brands like cooks in our home electrics. and because of the direct relationship that we have with our factories, we are able to go back and negotiate with our factories to get the lower cost. and then, to pass that lower cost onto our consumer.— to pass that lower cost onto our consumer. can you tell us about the _ our consumer. can you tell us about the sentiment - our consumer. can you tell us about the sentiment of - our consumer. can you tell us about the sentiment of the i about the sentiment of the american consumer? the big trends we've _ american consumer? the big trends we've seen _ american consumer? the big trends we've seen this - american consumer? the big trends we've seen this year l american consumer? the big| trends we've seen this year is people are going to be entertaining more and leaning more into entertaining and so, one of the things that we've done for them is customers are saying they are spending on average $300 to entertaining their home on the things they need and so, what we did is we went out and said we can help you entertain for a lot less than that. you entertain for a lot less than that-— you entertain for a lot less than that. g , , ., ., than that. jcpenney is one of the most _ than that. jcpenney is one of the most storied _ than that. jcpenney is one of the most storied brands - than that. jcpenney is one of the most storied brands in i the most storied brands in american retail but it's also one of the most notable recent bankruptcies. so, how are you going to lure shoppers back to jcpenney to make it a viable business? in jcpenney to make it a viable business?— jcpenney to make it a viable business? in september, we launched _ business? in september, we launched 51— business? in september, we launched $1 billion _ business? in september, we i launched $1 billion investment, self—funded reinvestment plan into the business and we did it along with launching our make it count campaign and since i've done that, we've seen our organics searches and our google searches quite significantly. we launched the early black friday event november 3—5 and had a strong event with a big increase in traffic in stores. what we are seeing is that customers are realising and seeing again the value and the great items and great brands that they can get a jcpenney and car coming back to shop. a jcpenney and car coming back to sho -. , ., , to shop. over the years, the black friday _ to shop. over the years, the black friday shopping - to shop. over the years, the black friday shopping feverl to shop. over the years, the i black friday shopping fever has caught on all over the world and isjust like in the us, uncertainty about the global economy could cause a shadow over the event. i spoke to wgs implementjust hanging and she told me the popularity of online shopping, the brick and mortar in person retail experiences as important. what we're seeing — experiences as important. what we're seeing is _ experiences as important. what we're seeing is brick _ experiences as important. what we're seeing is brick and - we're seeing is brick and mortar is definitely rebounding and when it comes to the shopping experience, in person brick and mortar experiences still is important. shoppers are seeking pleasure, excitement and sensorial stimulation and we call it the sensory adventures and because in places such as hong kong we've just come out of the covid—i9 earlier this year so the upcoming holiday is actually the first christmas since the pandemic and also there is also the sense of cost of living, all of the doom and gloom and future uncertainty and peoplejust gloom and future uncertainty and people just want to escape getting into a brick and mortar, in—person experiences important because they are experience hungry and they want to have a strong sense of excitement and really having this strong anticipation for the holidays. i this strong anticipation for the holidays.— this strong anticipation for the holidays. i was going to ask, the holidays. i was going to ask. the — the holidays. i was going to ask, the excitement - the holidays. i was going to ask, the excitement of - the holidays. i was going to. ask, the excitement of going the holidays. i was going to - ask, the excitement of going to the store, and concerns of the amount of money they will spend with the cost of living crisis probably having an impact on how much they may actually decide to spend.— how much they may actually decide to spend. today is the start of the — decide to spend. today is the start of the black _ decide to spend. today is the start of the black friday, - start of the black friday, american shopping festival, but interestingly it's interesting to see how is manifesting in asia. earlier in the year, right after the pandemic, we were all forecasting it's all about revenge shopping where, well, and all:. what's new is well, and all:. what's new is we are seeing shoppers who are finding ways to make more strategic shopping decisions so it would still splurge and look for moments of indulgence but only when it gives them tangible rewards because we are seeing a lot more savvy shoppers and they are just making the most of their limited budget.— making the most of their limited budget. that's it for this edition _ limited budget. that's it for this edition of— limited budget. that's it for this edition of asia - limited budget. that's it for| this edition of asia business report. thank you so much for watching. voice-over: bbc news, - bringing you different stories from across the uk. locals say they live here for the countryside, the wildlife and the peace, but that could change as a new prison is set to be built here. kevin bowden has lived in gartree for over 20 years. concern is when i get up in the mornings and open my curtains, i'm not going to see the fields behind me with the sheep and the wildlife, i'm just going to see a wall of prison. plans were first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by harborough district council. however, that refusal has now been overturned on appeal by communities secretary michael gove. i'm astounded at this decision. i think it's completely the wrong decision, and as one member of the public described it to me this morning, they see it as a slap in the face for democracy. it's always been the wrong place. these are country lanes, a country area where they're trying to facilitate this. a spokesman for the moj said that "the decision at gartree "is critical to delivering the 20,000 extra places we need "to keep dangerous offenders off the streets, and it'll "boost the local economy by creating hundreds "of newjobs." protesters here say they'll fight on. they're calling for a judicial review. for more stories from across the uk, head to the bbc news website. hey, i'mjulia with the catch up. a skinny jabri, dramatic a skinnyjabri, dramatic rescue and girls aloud comes back. there will be a pause in fighting between israel and gaza, the thing working to get a deal agreed between israel and he must, the group that controls gaza, the uk government has labelled terrorists. also, homasi said to let 50 hostages go, 13 of them on friday, and hundred and 50 palestinian women and teenagers will be released from israeli jails —— hamas has said. some other stories, amount has been arrested in connection with a black market of so—called skinnyjabs. of so—called skinny jabs. police of so—called skinnyjabs. police raided a house in humberside and found vials of knockoff ozempic, diabetes medicine that has been dubbed a hollywood weight loss drug. it is illegal to sell it without a doctor's prescription. a crane operator has rescued a worker from a huge blaze in reading. he is on social meeting show a man coming into a metal cage and being airlifted away from massive clouds of smoke. and girls aloud are back after an 11 year break. they've announced a big reunion tour happening in may 2024, dedicated to their bandmates sarah who died of cancer in 2021. and we you with ten seconds of the biggest on earth, blue whales are heading back to the indian ocean where they were totally wiped out by whalers back in the 1960s, and researchers in documentary makers caught this footage of them near the seychelles. you are all caught up now. have a good night. hello and welcome to sportsday with me, i'm hugh ferris. our top stories. djokovic dominant in a different setting. he sends serbia through to the davis cup semi finals. 12 teams, three spots. wales are one of those teams who now know their path to a place at euro 2024. we have proven time and time again, at home, with the red wall behind us that we are capable of getting fantastic results and fantastic nights. so we are hoping for two big efforts. a rare underdog seeking revenge. katie taylor says she's ready for her rematch with undisputed champoin cha ntelle cameron hello again. serbia have knocked great britain out of the davis cup with novak djokovic dealing the final blow in the competition's quarter finals in malaga. afterjack draper lost the opening rubber to miomir kecmanovic, the world number one beat cameron norrie to take his country into the last four. joe wilson was watching. you could focus on the missing men. no murray or evans. this was a talented team for great britain.

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