Transcripts For BBCNEWS Business 20240625

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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 artificial intelligence, shares of nvidia fell by around 7% on wall street on monday. the chip firm has lost more than $500 billion in market value since last week when it briefly overtook microsoft as the world's most valuable company. nvidia has benefited from the booming demand for chips by train and run generative ai models like open ais chatgpt. european union regulators have accused apple of breaking rules designed to rein in big tech companies, the european commission which regulates competition in the year you said apple's app store squeezes out rival marketplaces and this marks the first time the commission has found a company in breach of the digital markets act. apple faces a potential fine of up to 10% of its global revenue. the firm said it is quite confident our plan complies with the law. —— 0penai's. technology is in focus in the world economic forum is a summer davos, as the conference that kicks off is china on tuesday. it brings together some of the world's top business leaders and politicians, this year's theme, next frontiers for growth will address several issues from china expanding its global take footprint to the evolution of artificial intelligence. a principal economist at the asian development bank and gave us a sense of the highlights. china 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, davos summer is a forum where global leader gather to talk and shape the global agenda but above all, davos in dalian 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 will be artificial intelligence, especially generative artificial intelligence, the theme highlights the fact that china is not a follower but in fact, a global leader in artificial intelligence so, quite 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 new materials to meet its energy needs. there are current attentions as well in the air, the eu and china are in a tariff tussle over ev�*s, do you see that being addressed during these talks or how do you see it 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 export—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. for more on the tariff is being imposed an electric vehicle makers, chinese electric vehicle makers canada is considering whether to put import taxes on these cvs as it sees to align itself with allies including the united states. the country's finance minister said its domestic auto sectorfaced unfair minister said its domestic auto sector faced unfair competition from beijing, it will open a 30 day public occultation. from the second ofjuly on the matter. you're looking at life pictures from the city in south korea which is around 45 kilometres from the capital. it is the aftermath of a blaze that broke up on monday, 20 people were killed after several lithium batteries x —— expletive. it is a producer which is used for many items from laptops and electric vehicles. china's fast fashion giant has confidentially filed for a listing in the uk. that's according to media reports. the move to sell its shares on the london stock exchange could value the company more than $60 million. shein did not respond to a bbc request for comment. staying with the uk, former fujitsu engineer who helped to design the faulty horizon software at the centre of the post office scandal is said to give evidence for four days this week, starting on tuesday. he will be questioned over his involvement in the scandal where horizon made it look like money was missing from branch accounts, this resulted in more than 900 sub boat masters being wrongly prosecuted, the bbc�*s emma simpson has the details. the former fujitsu engineer who probably knows more about the horizon system than anyone else. now we are to hear what garethjenkins has to say about the 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 why he is so important. he gave evidence in a number of criminal trials against postmasters and 2013, a barrister called simon clarke told everyone that is evidence was unreliable and should not be used. the post office did not tell anyone that until november 2020. she was found guilty of theft and false accounting in 2010. she was jailed was pregnant. gareth jenkins gave evidence in her case. it is 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 might put my mind to rest. 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. gatherjenkins lawyers said it would be inappropriate for him to comment ahead of him giving evidence at the enquiry. emma simpson, bbc news. to the business of sport and assume in on the cricket world cup on the 2024. they cohosted between the west indies and the united states, the last t20 world cup was held in australia in 2022, reviewing figures that more than 6 billion across broadcast and digital platforms. it's the first time that the us is involved in hosting a sport where an estimated 90% of fans are from the indian subcontinent. a sporting and competition economist told us why 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 by all accounts. but things have clearly changed since then and one of the reasons or the main reasons for having this competition take place or 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. do you see there being space for cricket in the sporting world of the us, even football has struggled to take a 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 at this point in time although it's taken quite some time. and it has involved quite a number of false starts. it was not going to be easy for cricket to become established there. and i think it would take more than just one t20 world cup to do that, i think it's going to require a lot of effort and work on the part of the icc. speaking on the t20 world cup, afghanistan are batting first against bangladesh, 84 — one and if they win this match, they could go through to the semifinals ahead of the expense of australia. bye for now. 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'll 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. modric this time. this time. 38 years old, he is the euro�*s oldest scorer. the football icon of this nation had kept their tournament alive. italy are the holders. their attack, though, here was frantic. balls into the box found no sense of composure until the 98th minute. at that point, croatia were second in the group, but for italy, a draw would be enough to send them through. it's an opportunity, brilliant goal martinez.

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