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Transcripts For BBCNEWS World 20240702

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over—the—air software updates ensure that autopilot gets even better. this is how tesla wants its autopilot software to be seen assisting a human driver who is ultimately still in control. but, when a former employee voiced concerns, he felt about safety in his own workplace and later on with the tech itself, his dream job turned into a nightmare. i became really depressed and anxious. i couldn't sleep right. he was personally praised by tesla owner elon musk after putting out a fire. he claims his managers turned against him when he raised his concerns directly with the tech billionaire. he then told us he found he could easily access a huge trove of sensitive internal company data, ranging from personal staff details to safety information. he chose to hand it over to us regulators and controversially, the press. i spoke to multiple partners, managers, different levels of compliance, and it doesn't work. if you don't speak to compliance, what else you can do? the dutch data protection authority, where tesla's european h0 is, are looking into the data breach. some of what he says he saw continues to alarm him. a phantom braking is the when the car unexpectedly breaks out of nowhere because it interpreted a shadow as, let's say, some obstacle and needs to suddenly break. and that can put the car in danger and everyone behind as well. last month the government announced new proposals for driverless car regulation here in the uk. in san francisco and in beijing, you can hire a taxi with no human driver at all. but are we ready for the tech? so it might be relatively easy to get the technology to drive relatively safely on, say, a motorway, which is already quite a controlled environment. it might be next to impossible to get it to drive safely through central london so that we can all be really confident that it causes no additional risk. but that's all a long way away from the hype that's currently coming from the people developing the technology. do you think that tesla autopilot is safe? unfortunately not. i don't think the hardware is ready and the software is ready. so even if you don't have a tesla, your children still walk on the footpath. i had this terrifying feeling that one day a car might just harm them. tesla did not respond to our emails. according to its own data, at the end of 2022, us tesla customers using autopilot averaged one crash where the airbag deployed roughly every 5 million miles travelled. tesla drivers not using it averaged once every one and a half million miles or so. the us driver overall average was once every 600,000 miles, but we can't independently verify tesla's figures. meanwhile, the first delivery of the car—maker's latest vehicle, the cybertruck, went ahead in the us last week. tesla's boss, elon musk, continues his push for a driverless future and the uk aims to be on a similar track. zoe kleinman, bbc news. to china now and the country's economy has been downgraded by the ratings agency moody's from stable to negative, over concerns about rising debt from the country's faltering property sector. china's government is rumoured to be considering providing more financial support to the country's, including evergrande and country garden, which are both billions of dollars in debt. we're nowjoined by duncan wrigley, who's the chief china economist at pantheon macroeconomics. thank you for being with us. we have been worried about china's outlook for some time now. what triggers this move right now? how significant is it? ~ ., this move right now? how significant isit? ., , ., is it? well, what moody's is worried about is two — is it? well, what moody's is worried about is two things. _ is it? well, what moody's is worried about is two things. one _ is it? well, what moody's is worried about is two things. one is - is it? well, what moody's is worried about is two things. one is large . about is two things. one is large amounts of debt, especially what has come out of the focus is debt at local governments, local hidden debt. and the second thing is china's medium—term growth prospects seem to be a bit slower. i think thatis seem to be a bit slower. i think that is largely because china is undergoing this restructuring progress away from areas like the property sector, trying to get towards advanced manufacturing. the process is messy and, in the interim, growth is going to be slower. ~ ., ., , , , ., slower. what does this milestone mean? well. _ slower. what does this milestone mean? well, what _ slower. what does this milestone mean? well, what it— slower. what does this milestone mean? well, what it means - slower. what does this milestone mean? well, what it means is - mean? well, what it means is pressure. _ mean? well, what it means is pressure, especially _ mean? well, what it means is pressure, especially on - mean? well, what it means is| pressure, especially on china's currency. we have seen some signs of that in the market today, some reports that perhaps state banks are helping to support the currency. i do not think it is going to mean troubles for the chinese government itself, because domestic banks in china died more than two thirds of chinese government debt. that should not really be the issue so much. many have been suggesting that the chinese government needs to do more to stimulate its economy or to prop up to stimulate its economy or to prop up the embattled property companies, why has it been so reluctant to do so? ~ , why has it been so reluctant to do so? . , ., ., why has it been so reluctant to do so? ~ , ., ., ., so? well, this time around, china made a deliberate _ so? well, this time around, china made a deliberate choice - so? well, this time around, china made a deliberate choice to - so? well, this time around, china made a deliberate choice to not . so? well, this time around, china | made a deliberate choice to not do what it did after the global financial crisis, which is hell an enormous amount of credit at the very debt heavy sectors like the property sector, leading to these problems like high property prices, increased credit and debt in these sectors, and these sectors being too large. this time round, china is trying to go a different route which is allowing more consumption, private business investment, to take the rains. as a result, we are seeing a relatively sluggish recovery process.— seeing a relatively sluggish recovery process. thank you very much forjoining _ recovery process. thank you very much forjoining us _ recovery process. thank you very much forjoining us today. - recovery process. thank you very much forjoining us today. we . recovery process. thank you very| much forjoining us today. we are staying on the subject of china and it's economic problems. the bbc has been to visit forest city....a hundred billion dollar property project by the developer country garden in southern malaysia. it was a part of china's massive international investment programme, the belt and road initiative and was designed to become home to almost a million people. eight years after it was launched, it's virtually empty. 0ur asia business correspondent nick marsh spent a night in the place its few residents describe as a ghost town. this we're right on the tip of southern malaysia. and there's something strange on the horizon. locals call it ghost city. and on first impressions, you can see why. 0k. this is forrest city. this is forest city. it's a bit dark. think someone's forgotten to turn the lights on? it's hard to believe that anyone actually lives here. 0h, here they are. even in mid—afternoon, forest city feels more like a haunted house than a happy home. de feel like it is ghost town? from what i've seen so far, yes, i would have to agree. yeah. maybe you should try after 12. we may be 3000 miles from beijing, but residents likejoanne are trying to weather a storm in china's property sector. she wants to get out of forest city. and as night started to fall, i met someone who already had. i feel free. to be honest, ifeel free. ifeel, finally i escape. it's a multi—billion project. it's supposed to be good. it's supposed to meet expectation, but it's frustrating. the property developer, country gardens, sold this place as a thriving, eco friendly community with beaches, bars, restau ra nts. it was a chance for chinese investors to own a second home abroad and then rent it out to locals. but as we've already seen all over china, ourambition didn't match reality. chinese government controls on how much companies could borrow and how much chinese citizens could spend on foreign property have left forest city in disarray. this place was supposed to be a restaurant. i think behind me, judging by the looks of things, it was supposed to be the kitchen. now, country garden's slogan for this whole place was a prime vision for future cities. you just take a look around. it doesn't really seem that way. country garden insists that the project will be finished. but with the company facing debts of nearly $200 billion, it's hard to see how forest city was supposed to house a million people. right now, it's 1% occupied like so many chinese property developments. this place seems to be going nowhere. bbc news contacted country garden group in china and received no response. its malaysian operation did respond and said that despite what they called "the noise and current situation", they were running the business as usual and the overall operation in the region is "safe and stable". in other news: a technical glitch has affected the trading of some shares on the london stock exchange. investors were temporarily unable to buy or sell shares in companies including deliveroo and asos but companies on the major ftse 100 and 250 indices were unaffected. the lse says it's now been fixed. it's the third such glitch in recent months. here in the uk, thames water has said that reviving the business will "take time" as it struggles to improve services while coping with billions in debt. the comments came as thames said profits for the first half of its financial year had halved to £246 million. worries persist about how the uk's largest water company will deal with the debts which rose from 7% to £14] the debts which rose from 7% to em] billion. the white house is challenging a deal that allows purdue pharma settle lawsuits against it for six— billion dollars. the company has been criticised for how it sold strong painkillers, fuelling an addiction crisis in the us. families who lost loved ones say the deal allows the sackler family, which owns purdue, to be partially protected. the case is being heard in the supreme court, with justices divided over whether to approve the deal. markets now. here in europe, the main indices on the continent have been trading higher today. on the continent have been london's ftse 100 is falling however. we should be showing you some pictures of it, but unfortunately we cannot at the moment. stay in touch with me and the business team on social media. until next time here on world business report, goodbye. the first ever haricot beans grown in the uk tend during a trial at a spalding factory. they're delivered to us in the dry format and we have to rehydrate them. then the next process is fill these into the can we then add the tomato sauce and spices? what spice is the spice? no, the spices are unique to us and there are trade secrets. but what do the great british public think? all right. what do they taste like? beans. would you buy that? i would buy that, yes. to be honest, they're better than heinz. . really nice. do they do they taste any different? the seeds for these beans took 12 years to develop by scientists at the university of warwick. their main aim to make them exactly the same as what shoppers expect. we're always trying to grow new things and trying to do things to save on food mileage and to save on imports because we're importing too much food and to be able to produce something that we consume in such great quantities in this country, it's just unbelievable. it could take years to replace the entire supply chain from canada and china, but today marks the start of a journey to self—sufficiency. hello from the bbc sport centre. breaking news: sheffield united's owner says that they have sacked hacking bottom and have reappointed for much boss varna. in a radio interview, this was confirmed. it is the first premier league sacking of the first premier league sacking of the season. he now leaves the club bottom of the table with his last result a five — zero defeat as relegation veterans. premier league leaders arsenal are at luton town later, the gunners could extend their lead at the top to 5 points with a win. their boss mikel arteta said he wouldn't rule out any player leaving in january. he was responding to questions on the future of goalkeeper aaron ramsdale, who's lost his place in the side. i want aaron withers, i am very happy to have two very good goalkeepers, if he is willing to play like any player, he wants to play like any player, he wants to play for arsenal, the consequence as well for england, it is not like he is doing that in the game, hopefully we can help them do better here so that he can play with england.

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