Transcripts For BBCNEWS Business 20240625

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suno and udio did not immediately respond to requests for comment. it's far from the first time an association of creative professionals. this time, it's the recording industry association of america accused ai companies of stealing their material and have sought to stop them in court. back in april, some 200 artists, including billie eilish and nicki minaj, signed a letter calling the use of ai in the music industry predatory and saying it should be stopped. staying with al, shares of nvidia fell by 7% on wall street on monday. the chip firm has lost more than $500 billion in market value since last week when he briefly overtook microsoft as the world's most valuable company. nvidia has benefited from the boom in demand for chips, the train and run generative ai models like open ai chatgpt. european union regulars have accused apple of breaking rules designed to rein in big tech companies, the european community that regulates a competition in that use said are pulls app store squeezes out rival marketplaces. this marks the first time the commission has found the company in breach of the digital market act, apple faces a potential fine of up to 10% of its global revenue. the firm said it is quote, confident the plan complies with the law. technology is also in focus at the world economic forum summit davos. a conference that kicks out in china on tuesday. that brings together the worlds top business leaders and politicians. this year's theme, next frontiers for growth will address several issues from expanding the global tech footprint. duncan parker is a principal economy at the age of element bank. it gave us a sense of the highlights. china ofthe sense of the highlights. china of the summer _ sense of the highlights. china of the summer davos - sense of the highlights. china of the summer davos are - of the summer davos are significant for at least three reasons. first, it shows that china coming out of its covid restriction is fully open to the world again, second, it shows china's continuing commitment to be a global leader, summer davos is a global leader gather to talk and shape the global agenda but above all, davos shows that china is open to business, especially foreign business and investment to some extent, this is to counter a growing perception that the chinese market is becoming more closed. what do you see has been the focus of the meeting? the focus of this summit _ focus of the meeting? the focus of this summit will _ focus of the meeting? the focus of this summit will be _ of this summit will be artificial intelligence, especially generated artificial intelligence, the theme highlights the fact that china is not a follower but in fact, a global leader in artificial intelligence so, naturally, discussions will centre around how to maximise the potential productivity gains from ai while mitigating its disruptive effects especially on the labor market, in addition, i think china will want to discuss breakthrough in your materials to meet its energy needs. there are current _ to meet its energy needs. there are current attentions _ to meet its energy needs. there are current attentions as - to meet its energy needs. there are current attentions as well. are current attentions as well in the air, the eu and china are ina in the air, the eu and china are in a tariff tussle over ev's, are in a tariff tussle over ev�*s, do you see that being addressed in during these talks all how do you see are going? the current tension between the eu and china over china's export to eu is part and parcel of a broader issue. namely china's lopsided, heavily explored —dependent recovery, this explains why other economies, most notably the us but also some emerging markets, especially in latin america are also beginning to impose trade restrictions on china. i do not see this as blowing up into a global trade war but if china continues to rely heavily on exports than to try and strengthen its domestic demand and consumption, continuing trade tensions are inevitable. canada is considering whether to impose tariffs on chinese made electric vehicles as it seeks to align itself with allies including the us. the country's finance minister said its domestic auto sector faced unfair competition from beijing and it will open a 30 day public consultation. from the second ofjuly on the matter. chinese fast fashion giant has confidentially filed for a listing in the uk according to media reports, and move to sell its shares in the london stock exchange could value the company and more than $60 billion, they face hurdles and intense scrutiny over its plan to the us. the firm did not respond to a bbc request for comment. staying with the uk, the former engineer who helped to design the faulty horizon software at the sins of the post office scandal is said to give evidence for four days this week, starting on tuesday. you'll be questioned of his involvement in the scanner where horizon made it look like money was missing from branch accounts. this resulted in more than 900 sub postmasters being wrongly prosecuted between 1999 and 2015. the bbc�*s emma simpson has the details. the former fujitsu engineer who probably knows more about the horizon system than anyone else. now to hear what gareth jenkins has to say about the faults. garethjenkins has faults. gareth jenkins has given faults. garethjenkins has given evidence overfour faults. garethjenkins has given evidence over four days, the longest run of questions and a witness in this enquiry has faced. he is now become a key figure in this scandal, his name keeps popping up, that's because from 2005, he was pivotal in helping the post office defend horizon when he became an expert witness. here is what he is so important. expert evidence in a number of criminal trials against postmasters and to that and 13, a barrister called clarke told everyone that is evidence was unreliable and should not be used. the post office did not tell anyone that until november 2020. ,, ., , tell anyone that until november 2020. ,, ., y ., 2020. she was found guilty of theft and false _ 2020. she was found guilty of theft and false accounting - 2020. she was found guilty of theft and false accounting in l theft and false accounting in 2010. she was jailed was pregnant. garethjenkins gave evidence in her case. it is evidence in her case. it is very important _ evidence in her case. it is very important because i | evidence in her case. it 3 very important because i want to know why he did what he did. that's what i'm looking for, hopefully, hopefully hopefully, listening from him, the reality. if listening from him, the reali . , ., reality. if the problem had been revealed _ reality. if the problem had been revealed during - reality. if the problem had been revealed during her. reality. if the problem had - been revealed during her trial, it could have stopped all the subsequent prosecutions and helped others to clear their names far earlier. gather jenkins lawyers said it would be inappropriate for him to comment ahead of him giving evidence at the enquiry. emma simpson, bbc news. 22 people have been killed after several lithium batteries exploded at a factory in south korea. the blaze broke out on monday. that is around 45 kilometres from the capital. south korea is a leading producer of lithium batteries which are used in many items from electric vehicles to laptops. turning to the business of sport and let sue minter on the cricket world cup in the t20 format. the west indies and the united states. last t20 world cup was held in australia in 2022 with viewing figures of more than 6 billion across broadcast and digital platforms. it's the first under the united states is involved in hosting a sport were an estimated 90% of fans are from the indian subcontinent. sporting a competition economist patrick told us why this is significant. the economist patrick told us why this is significant.— this is significant. the us in modern times _ this is significant. the us in modern times are - this is significant. the us in modern times are less - this is significant. the us in - modern times are less involved in cricket but in the mid 19th century, cricket was the most popular sport in the us mail accounts. but things have clearly changed since then and one of the reasons for the main reasons for having this competition take place on the us cohosting this is an attempt by the international cricket conference to get the us market and establish cricket as a serious sport in the us. [30 and establish cricket as a serious sport in the us. do you see there _ serious sport in the us. do you see there being _ serious sport in the us. do you see there being space - serious sport in the us. do you see there being space for - see there being space for cricket in the sporting world of the us, even football has sought a struggle to take a foothold. �* , ., ., sought a struggle to take a foothold-— sought a struggle to take a foothold. �* , ., ., , , foothold. it's got to be very difficult. — foothold. it's got to be very difficult, steve. _ foothold. it's got to be very difficult, steve. as - foothold. it's got to be very difficult, steve. as you - foothold. it's got to be very| difficult, steve. as you say, football, which is the most popular sport in the world, has struggled to get to gain a foothold in the us, it looks i get has become established with this point in time although it's taken quite some time. and it's taken quite some time. and it has involved quite a number of false start i was not going to be easy for cricket to become established there. and i think it would take more than just a 1t20 world cup to do that, i think it's going to require a lot of effort and work on the part of the icc. just an update on the t20 world cup and west indies and the us, england are through to the semifinals, we are waiting to see who willjoin them, afghanistan are red bad and they are in contention as they go they are in contention as they 9° up they are in contention as they go up against bangladesh. that's it for business today for the sour. i will see you soon. hello, and welcome to sportsday with me, tulsten tollet. italy leave it late to score as they not only qualify for the last 16 but leave croatia on the brink at the same time. at the t20 world cup, rohit sharma leads from the front as india beat australia and set up a semifinal against england. and he's arrived early when many doubted he'd be able to make it at all. novak djokovic tells us how he's hoping to be fit for wimbledon. if i know that i can play close to my maximum or at maximum, then i would play. thanks forjoining us. where we'll start at euro 2024 and there was late drama in group b as the race to reach the last 16 came to a crescendo. spain had already qualified and made it three wins out of three with victory over albania, but it was italy and croatia which delivered late drama asjoe lynskey reports. full time in leipzig. two teams on the floor. for italy, ectasy. for croatia, devastation. for so long in this match, they found the front foot through a handball that brought them a penalty. and though luka modric saw it saved, italy's defence got lost in the moment. seconds on from the miss, the ball back in front of goal modric undeterred in a match they had to win.

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