Transcripts For BBCNEWS Verified 20240703 : comparemela.com

BBCNEWS Verified July 3, 2024

Bbc our horses have returned to the barracks and are undergoing veterinary care. Three soldiers are in hospital receiving treatment and their injuries are not deemed to be life threatening. The bbc understands a fourth person was injured who was a cyclist and a member of the public. Plenty more on the bbc news website on that. Those alarming scenes we saw earlier today in central london. I think we can show you the pictures . No, while we wait for business ben thompson is here. Letsjust wait for business ben thompson is here. Lets just show you that auction thats going on in vienna at the moment, that painting that had been found. Very unusual apparently. The auction is just starting for that painting and you can see it on the left of your screen. This painting that has been found and its supposed to be extremely significant and very unusual. They are expecting it to reach somewhere between 30 million and 50 million. So a huge amount expected and we will wring you that when we have it. Time for a look at the Business News now. We begin in the us, where weve had Earnings Results from boeing. Its been a challenging time for the planemaker after a door panel blew out on a commercialflight, leading to the company having to pay out compensation to customers and slowdown its production of its 737 max. Its also being investigated by Aviation Regulators and the Us Department ofjustice. Revenues were down 8 but its share price is up so is the company able to navigate its way through these challenges . Travel expert paul charles thinks theyre too big to fail. Yes, they are slowing down production deliberately after years of issues that they are now grappling with. But the big question is, when will that Production Line and the deliveries stabilise . We are in a period at the moment in the Airline Industry where there is huge demand. Airlines want more planes, they are seeing enormous demand from their passengers to fly. This is going to be the busiest summer ever, most likely, in the world for flying, and yet boeing cant deliver those planes fast enough. So, the big question is, how will they stabilise it . And, as everyone was saying, who is going to stabilise it . Who will be in charge at boeing to make these tough decisions . Too big to fail, we know the industry is dominated by boeing and airbus. Its future is not in doubt. But it does pose some fundamental questions not least for the power that boeing plays in that market. But also why it is so difficult for new entrants to get a slice of it. I am talking about china for example. A rival plane maker is still relatively small and does not have the right licences to operate in the us and europe yet but it is snapping on the heels of airbus and boeing. It is but the Barriers To Entry are enormous. You have to have years of licences and experience, technological track records. China may get there of course in the future but at the moment it doesnt have those so if you are an airline boss you are going to go with the safety net or what should be a safety net or what should be a safety net or what should be a safety net in boeing and airbus. Both of them have their own issues. Airbus itself having had Engine Problems with some of its planes. So there are issues with both of them. What is key about boeing now is to re instill confidence. If you run an airline you need to see the Production Line will stabilise, that the person in charge at the top knows what they are doing to instil Safety Culture and that has been the issue. The culture has simply not been as a safety conscious and it as it should have been and what they need to do is to make sure their employees think about culture much more and think about safety much more and think about safety much more and think about safety much more and almost make them the boss of boeing to some extent, to make them feel good and passionate about them feel good and passionate about the quality of the work they are doing. The quality of the work they are doinu. �. Doing. And all the while the customer doing. And all the while the customer is doing. And all the while the customer is caught doing. And all the while the customer is caught in doing. And all the while the customer is caught in the i doing. And all the while the customer is caught in the middle. They find that the airlines cant get the planes and therefore prices go get the planes and therefore prices 9 up get the planes and therefore prices go up the tickets because they are not able to put on the services they want and all of us end up paying for these failures. These failures. Airlines are making a lot of money these failures. Airlines are making a lot of money this these failures. Airlines are making a lot of money this year these failures. Airlines are making a lot of money this year and these failures. Airlines are making a lot of money this year and are i a lot of money this year and are proving to be highly profitable because those prices are going up. Notjust because of demand but also because of inflation. There are higher costs across the supply chain and aviation whether its for paying wages for workers, whether its the costs of materials and maintenance which have gone up, and because of that high demand and lack of supply. So we are going to be paying these sorts of prices as consumers for a long time yet and there is no sign of those prices coming down. The end of those prices coming down. The end of the low cost flight is definitely over. Lets stay in the us, where the senate has approved a controversial Landmark Bill that could see tiktok banned in america. It gives tiktok� s chinese owner, bytedance, nine months to sell its stake or the app will be blocked in the country. The bill will now be handed over to us president joe biden, who has said he will sign it into law as soon as it reaches his desk. Tiktok has told the bbc that it did not have an Immediate Response to the move. Previously, bytedance said it would oppose any attempt to force it to sell tiktok. With us is erin delmore, our north America Business correspondent. Soa so a step closer now to a ban . Absolutely. We do have some more new information from tiktok. The company is called this an unconstitutional law and have called it a tiktok ban saying we will challenge it in court. And talking about how they say it will hurt the 170 million tiktok users in the us and the 7 million Small Businesses that use tiktok to further their own ends. The tiktok ceo came out and said tiktok expects to win a legal challenge and said rest assured we arent going anywhere. This case is heading to the courts. Some groups have promised to fight it. When you hear this talk about unconstitutional grounds they focuses on the us First Amendment rights, free speech. This does set p rights, free speech. This does set up legal challenges to be heard not only from today onwards but its worth pointing out this ban wouldnt go into effect for nine months or something more like 12 months of president by does invoke a 90 day extension. That puts it safely out of the realm of the political calendar because of course we do have an election coming up here in november and it also remains that tiktok� s feet would be uncertain if forced to divest we would need to see who comes forward as a buyer for tiktok and whether bike dance agrees to sell and whether it will sell it with the algorithm which is the secret sauce that makes scrolling through your phone on tiktokjust like sitting down on your sofa and eating potato chips. As part of why tiktok has this overwhelming support and its why people like it and stick with that Social Media Platform. It stick with that Social Media Platform stick with that social media latform. ,. ,. , platform. It is fascinating. Remind us of why there platform. It is fascinating. Remind us of why there is platform. It is fascinating. Remind us of why there is so platform. It is fascinating. Remind us of why there is so much platform. It is fascinating. Remind | us of why there is so much concern because some suggestions that tiktok and this ban means tiktok is a victim of politics and not necessarily the business of the economics of it. Its necessarily the business of the economics of it. Necessarily the business of the economics of it. Its unusual for congress economics of it. Its unusual for congress to economics of it. Its unusual for congress to go economics of it. Its unusual for congress to go ahead economics of it. Its unusual for congress to go ahead and economics of it. Its unusual for congress to go ahead and pass| congress to go ahead and pass legislation that targets one company in particular. But people will tell you the us have had laws on the books for many years and the challenge Foreign Ownership of communications platforms. Around a third of people under the age of 30 use tiktok as a repeated source of the news and that leads to questions about misinformation and disinformation and also questions about the Chinese Government being able to obtain data on American Tiktok users. 0n the one hand a lot of people sit and say how could an app of people sit and say how could an app that feeds me videos of people making Sourdough Bread to that and its because of the link between private companies in china and the Chinese Government which the us says could be exploited. We Chinese Government which the us says could be exploited. Could be exploited. We will keep a close e e could be exploited. We will keep a close eye on could be exploited. We will keep a close eye on it could be exploited. We will keep a close eye on it as could be exploited. We will keep a close eye on it as that could be exploited. We will keep a close eye on it as that deadline. Close eye on it as that deadline creeps up. For now, thank you. Injune millions of people across the European Union will head to the polls to elect more than 700 representives to the european parliament. The state of the economy will be high on the agenda for many. 0ur correspondent nick beake reports now from the spanish port of algeciras. Its the countrys biggest port and its second largest Industrial Hub but unemployment there is twice the eu average. In a perfect world, 20 year old lucia would make a living doing what she loves restoring furniture. Today its this coat of arms. But it doesnt pay enough and in her part of spain, Finding Anyjob is really hard. Translation i am working very hard to try and make a living for what i love doing. I see my friends with full time jobs only making e700 a month. They take advantage of the fact that were young because they know that were going to shut up and take whatever money they give us. In the city of algeciras, these kids face a tough future. It feels like a bustling place, but 40 of young people cant find a job, the highest rate in the whole country. The sky high level of unemployment here in algeciras means theres huge scepticism that anything will change for the better after the european parliaments elections in six weeks time. There are deep rooted economic problems and despite the vibrancy of this place, Success Stories are pretty hard to find. But this is one business is good at this repair company. A 230 metre long Container Ship, the latest vessel theyre fixing. Its meant 21 year old mario has been able to get a decentjob, something thats eluded many of his friends. Outside of the naval sector, it is kind of difficult to have a permanentjob. The contracts that they are providing are low wage and short term and they basically, yeah, you know, they take a little bit of advantage of the people needs to save their money. One of the bosses says hed love to take on more workers, but the problem is that while so many young people need a job, theyjust dont have the expertise. We have the highest percentage of Unemployed People here, and that people we cannot, we cannot get with us because they dont have the skills. Algeciras boast the biggest port in spain but doesnt feel the benefits. The eu is sending e140 million to the region to try to boostjobs, which may or may not win votes at the european elections. But it feels much bigger investment is needed here, particularly in roads, railways and other infrastructure to turn the tide for this young generation. Nick beake, bbc news in southern spain. In other news. Profits for Lloyds Banking group plunged by 28 as competition grew for mortgages and deposits. The bank posted pre tax profits for the first 3 months of the year of £1. 6bn, down from £2. 3bn last year. Lloyds said its margins had been hit mainly within uk mortgages amid heightened competition between lenders to offer squeezed buyers better deals. Some positive news for the german economy, with the measure Business Sentiment improving more than expected this month. The ifo institutes Business Climate index rose to 89. 1; beating analysts expectations of an 88. 8 reading. According to the institute, the Economic Situation is stabilising, led by service industries. The city of baltimore is taking legal action against operators of the Container Ship which hit and destroyed the Francis Scott key bridge last month killing six people. The singapore flagged dali is owned by grace 0cean and managed by synergy marine. Baltimore accuses them of negligence in causing the accident, saying it has caused the citys economic engine to � grind to a halt� those are your top Business Stories this hour. You are watching bbc news. Now in the past few minutes a long lost Klimt Portrait has been auctioned off for 30 million euros. The unfinished work, � portrait of fraulein lieser� , was thought lost for almost a century until it reappeared in january. Portraits by klimt rarely come on to the open market. So there is gone for 30 million euros. We will talk to a corresponding about that later in the programme. Now the us military are trained to deal with the unexpected, but take a look at what turned up on the runway at Macdill Air Force base in tampa in florida. A three metre or ten foot alligator. It was spotted next to the landing gear of a refuelling aircraft. Lets speak to the Airfield Manager you see in that video, link collier, and michael heldreth, who is in charge of wildlife on the airbase. So talk me through what happened. Git approximately eight in the morning we were notified by our maintenance personnel there was wildlife and an alligator on the airfield. Myself and michael quickly responded and we discovered the alligatorjust sitting under the tyre of the left wing. Sitting under the tyre of the left win. , r sitting under the tyre of the left win. ,. , sitting under the tyre of the left win. , g. , wing. Just chilling out was it . Indeed. Are wing. Just chilling out was it . Indeed. Are you wing. Just chilling out was it . Indeed. Are you in wing. Just chilling out was it . Indeed. Are you in this wing. Just chilling out was it . Indeed. Are you in this video | indeed. Are you in this video michael . Indeed. Are you in this video michael . , �. , michael . Yes. Im in the Background Watchin michael . Yes. Im in the Background Watching the michael . Yes. Im in the Background Watching the swc michael . Yes. Im in the Background Watching the swc deal michael . Yes. Im in the Background Watching the swc deal with michael . Yes. Im in the Background Watching the swc deal with the watching the swc deal with the alligator. I work with the sda wildlife alligator. I work with the sda Wildlife Services and we provide federal Wildlife Services and we provide federal leadership and managing Human Federal Leadership and managing human wildlife conflicts. Myjob specifically is to minimise the wildlife specifically is to minimise the wildlife on the airfield to protect the wildlife itself and the safety of the the wildlife itself and the safety of the aircrews and the Military Equipment. 50 of the aircrews and the Military Equipment of the aircrews and the military eauiment. ,. ,. , equipment. So ust to be clear you are the equipment. So ust to be clear you the equipment. So ust to be clear you the in equipment. So just to be clear you are the one in the equipment. So just to be clear you are the one in the hawaiian equipment. So just to be clear you are the one in the hawaiian shirt i are the one in the Hawaiian Shirt Standing far away . Are the one in the Hawaiian Shirt Standing far away . Yes. The swc responded standing far away . Yes. The swc responded and standing far away . Yes. The swc responded and they standing far away . Yes. The swc responded and they had standing far away . Yes. The swc responded and they had all standing far away . Yes. The swc responded and they had all the l standing far away . Yes. The swc responded and they had all the ropes and i responded and they had all the ropes and i was res

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