Transcripts For BBCNEWS Business Today 20240903 : comparemel

Transcripts For BBCNEWS Business Today 20240903

The company should remain american owned. — the company should remain american owned. I could not auree american owned. I could not agree more _ american owned. I could not agree more with _ american owned. I could not agree more with president l agree more with president biden. Us steel should remain american owned and american operated. And i will always have the back of america �*s steelworkers. Have the back of america 's steelworkers. — have the back of america 's steelworkers. ,. ,. , steelworkers. The showdown with owerful steelworkers. The showdown with powerful unions _ steelworkers. The showdown with powerful unions the _ steelworkers. The showdown with powerful unions the automaker i powerful unions the automaker which employs around 680,000 staff are struggling with passenger car brand. Profits are getting squeezed amid the transition to electric vehicles, and a consumer spending slowdown. A four day conference to attract foreign investment to russia is about to begin in the country's most eastern major city — vladivostok. The eastern economic forum is into its ninth year. Last year more than $40 billion in new agreements were signed, with 7,000 delegates in attendance. The largest contingents came from china, india and south east asia. Professor 0ng kian ming from taylor's university told me why there is so much interest in russia despite the war in ukraine. I think russia is still an important economic player especially in the area of petrol resources in many countries attending this particular eastern economic forum would want to look for such opportunities. Fully concerned with malaysia �*s own participation in this forum is whether or not we are sticking our next out and we may find ourselves in the spotlight in regards to our allies in the european union and america but i guess we will have more time to talk about that. We i guess we will have more time to talk about that. — to talk about that. We will have to wait _ to talk about that. We will have to wait and to talk about that. We will have to wait and see to talk about that. We will have to wait and see howl to talk about that. We will. Have to wait and see how this plays out, i suppose, with the forum in play at the moment. There are a number of alliances in the region. Malaysia and thailand have expressed interest in joining thailand have expressed interest injoining brics. It will be interesting to see if the new thai prime minister would want to affirm or confirm her predecessors application to join brics. I think she may have other priorities. What we may end up having as malaysia among the countries in southeast asia that is taking —— sticking its neck out. It is one thing to apply this year but i think next year. One interesting point to note is that the malaysia prime minister may be the only significant leader from southeast asia attending this eastern economic forum in russia. Possibly because of our interest in wanting to join brics meaning he has to go to russia. Brazil's supreme court has upheld a ban on the social media platform, x — formerly known as twitter. X has been suspended in the country since saturday after it failed to appoint a new legal representative in the country. It is the culmination of a feud between the supreme court and x's owner elon musk. A judge ordered the suspension of dozens of accounts for allegedly spreading disinformation back in april. Coming out of the pandemic, we started hearing this term — revenge travel. Well, that revenge is taking a toll on some countries in europe as well as asia. Forjapan, the weaker currency, the yen brought in three million tourists each month since march, bringing in around $50 billion for the economy. But locals are not happy. Earlier this year, a blockade was set up so tourists would stop crowding a part of the town where mt fuji can be seen. Masaru takayama has spent years promoting sustainable tourism and told me howjapan has been dealing with the issue. I know that japan i know thatjapan is modest in terms of nationality however i think many residents are up to the level where they can no longer take this any longer. They have, they have not been protests yet but they have been talking a lot about how to measure the sustainable tourism to be in management because many destinations are yet to take the voices of residents. Japan does benefit from the tourism with billions of dollars flooding into japan. What is the solution here? the ja anese what is the solution here? tue: japanese government what is the solution here? tte: japanese government has targeted 100 municipalities to be pursuing sustainable destinations in terms of tourism. However, these destinations are yet to be meeting that target in two years time. What we need to be doing is, first, tourism must support the lives and welfare of local people wear is not just pursuing for business benefit. So we are thinking to develop a destination standard which is recognised by the global council and by tour operators and hotels we have a scheme. These organisations are trying to raise the awareness of the industry, notjust because of sustainability but also the cost of waste management and energy con —— conservation and others. The problem is how can we absorb the voices of the residents into the policy level is an issue. India's manufacturing activity growth slipped to a three—month low in august, according to a survey of private sector firms by hsbc. As a key indicator of the country's economic activity, the slower manufacturing sector growth is casting a shadow over india's otherwise strong economic outlook. The bbc�*s archana shukla reports. New orders and the output from india's factories have seen the lowest growth. Export orders are still coming in to clock their weakest rise. People attribute this to shift fears competition and shifts in consumer preferences. Inflation has eased and manufacturing output is growing at least. But the low output does put the economic outlook under the scanner. Detail released last week showed growth growden more than a percent to 6. 7% last quarter. There was a massive government spend in infrastructure that add to that level slowdown, inflation and weaker consumer sentiment in india. This prompts brokerages and economists to cut growth forecast for the year. It also puts pressure on the central bank to begin cutting interest rates. Higher rates adjusted for inflation or hurting businesses. So far global gdp growth gave room to the bank to just bring high food inflation under check. But it could risk the private sector where investment is not rolling in. Aston martin, the luxury british carmaker, has been struggling in recent years despite the fame that might come from being featured injames bond movies. It's just unveiled a new flagship model called vanquish and executive chairman, lawrence stroll spoke to our reporter, david waddell about what the latest launch means for the business. The vanquish is our flagship, the last of a trio of our front engined sports car, the dna, the heart of this business. A little over one year ago our db 12 aston martin and a few months ago we launched our vantage, oursports months ago we launched our vantage, our sports car and now we launch the vanquish the 12 flagship. We've always built handmade b12 engine. This is a brand—new engine for this car. We are very proud of all the new performance and all the new technology. New performance and all the new technology— technology. Earlier this year ou technology. Earlier this year you directed _ technology. Earlier this year you directed the _ technology. Earlier this year you directed the business i technology. Earlier this year you directed the business to invest heavily in the plug—in hybrid av but it is still a mark of the petrol heads. Who are your company —— customers in 2030? are your company customers in 2030?— in 2030? the same as our customers _ in 2030? the same as our customers today. In 2030? the same as our customers today. They i in 2030? the same as our| customers today. They are in 2030? the same as our customers today. They are car aficionados, automotive lovers. We have a long history of customer lists. And 11 years now of being in business with a great following of loyal enthusiasts. We have also seen, we brought a new customer into our fold with our db xrs with over 3000 of those a year. Since we have returned to formula 1 it has been revolutionary. It has been able to show us our technology to bring our technology into road cars which is brought as a younger customer to the brand, customer to the brand. The formula 1 marketing platform for this has been nothing short of sensational. — of sensational. How concerned are ou of sensational. How concerned are you about _ of sensational. How concerned are you about fresh _ of sensational. How concerned l are you about fresh competition from china, either on the global trade stage within their marketplace. Global trade stage within their marketplace— global trade stage within their marketlace. . ,. ,. , marketplace. That is not who we are t in: marketplace. That is not who we are trying to _ marketplace. That is not who we are trying to sell. _ marketplace. That is not who we are trying to sell. We _ marketplace. That is not who we are trying to sell. We are are trying to sell. We are trying to sell hundreds of thousands of millions of cars, we are a luxury high—performance brand looking to sell tenant when this rectangle 12,000 cars so there is no conflict with us whatsoever. Is no conflict with us whatsoever. . , ,. , a. , whatsoever. You provided aston martin cars _ whatsoever. You provided aston martin cars to — whatsoever. You provided aston martin cars to almost _ whatsoever. You provided aston martin cars to almost every i martin cars to almost every bond, with the exception of roger moore. Will you be driving for a place in bond 46? absolutely yes. Is already being developed. find absolutely yes. Is already being developed. Absolutely yes. Is already being developed. And if you wonder how _ being developed. And if you wonder how fast _ being developed. And if you wonder how fast the being developed. And if you l wonder how fast the vanquish being developed. And if you i wonder how fast the vanquish is its maximum speed is 214 mph and has a 5. 2b12 twin turbo engine so plenty of power thank you for your company today. Hi, i'm lollo with you catch up. Tonight the uk suspend some arms export to israel. A new system for scottish youth offenders and life in lego. The uk is suspending 30 export licenses for military equipment to israel. That comes as protests continue in israel, calling for the government to secure a hostage release deal with hamas after the bodies of six hostages were recovered from gaza. Here is a family member of one of the hostages. We demand our government to sign a hostage deal and save the hostages while they still can be saved. — the hostages while they still can be saved. . , ,,. . , , can be saved. Foreign secretary david lambie — can be saved. Foreign secretary david lambie addressed can be saved. Foreign secretary david lambie addressed the i david lambie addressed the house of commons on that arms embargo. House of commons on that arms embaruo. . ,. . �*, embargo. For certain u. K. 's arms exoorts_ embargo. For certain u. K. 's arms exports to _ embargo. For certain u. K. 's arms exports to israel i embargo. For certain u. K. 's arms exports to israel it i embargo. For certain u. K. 's i arms exports to israel it does have a clear risk that they may be used to commit or facilitate a serious violation of international humanitarian law. 97 captives remain unaccounted for in gaza where the hamas run health ministry says more than 40,000 people have died since october seven. Scotland has 0ctober seven. Scotland has passed a new law that bans children being sent to prison. All under 18 have been removed from young offenders institutions and transferred to more child friendly settings. The change follows suicides of young people while detained and will free up around 70 cases in the —— places in the prison system. Time now for ten seconds of happiness. A new lego film about corel william �*s life is getting rave reviews. It will depict the musician �*s rise to fame. You are all caught up, have a great night. Hello and welcome to sportsday — i'm lizzie greenwood—hughes. Here's what's coming up: draper dazzles in new york — reaching the quarter finals of a grand slam for the first time in his career. It's day five of the paralympics. We look at some of the day's big winners and losers. And the legend that is christiano ronaldo says he's not hanging up his international boots just yet. So lots for you tonight and we're starting at the us 0pen tennis where britain's jack draper has scorched

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