Transcripts For BBCNEWS Business Today 20241010 : comparemel

Transcripts For BBCNEWS Business Today 20241010

The us government says it is considering breaking up google because of its dominance in online search. And charging up for the future, the international Energy Agency says renewables will make up nearly half of the Worlds Energy Use by the end of the decade. Hello, could the company behind the Internet Search giant google be forcibly broken up . That is the very real prospect facing alphabet over at their dominance of online search, in a Court Filing the Us Department Of Justice says that is one of the remedies that it could seek after google was found to have illegally crushed its competition in online search in the Landmark Ruling but in august. This Case Centres on google, the fact that Google Accounts for 90 of the Search Inquiries in the united states, which is similar to other countries. One of the crucial ways it does so well is more than 26 Billion of annual payments it is thought to make two Smartphone Makers to be the Default Search Engine on their phones. The advertising around search means in its latest results, alphabet, google� s parent, reported a profit of 23. 6 Billion in the three months to the end ofjune. The us government says that is harming competitors and remedying these harms requires ending google� s control of Distribution Today and ensuring it cannot control the distribution of tomorrow. Lets bring in Albert North America Business Correspondent who is watching this story for us. How real do you think the prospect is that google could be broken up . I is that google could be broken u . ~ is that google could be broken u . ~ ,. , is that google could be broken u . ~ ,. ,. Is that google could be broken u . ~ ,. ,. , up . I think you cut to The Chase up . I think you cut to The Chase. The up . I think you cut to The Chase. The outcome up . I think you cut to The Chase. The outcome is i up . I think you cut to the | chase. The outcome is far up . I think you cut to The Chase. The outcome is far from certain and there are several reasons for that. Since the court decided google had an illegal monopoly on search, The Next Stage in the process involves figuring out what penalties it should face. The Justice Department put forward various suggestions that included, but were not limited to, the Break Up of google. They have got to persuade the court but lesser remedies could not do the job and that only a Break Up could achieve the disruption of this monopoly. It is also worth mentioning that google is challenging the court ruling, so you have got that legal process playing out, and in response to the department ofjustices filing, they have called it a radical and sweeping, and said it would harm consumers as well as american innovation. Looking at the Share Price of apple, googlethat parent company, it is down shy of 2 at the moment. It is not great but not terrible and this is because Wall Street is betting the probability of a Break Up is low and a change to Googles Business Model is far more likely than a Break Up. But whatever happens next it is probably going to have a fundamental impact and altered the landscape of the 300 Billion ad industry, which is what is behind so much of this. You mentioned a change to the Business Model more likely than in actual Break Up. What does that look like . Perhaps were getting ahead of ourselves, but any form of speculation as to what that might look like . It is difficult. The us system has not really gone down that path for some four decades now. The last big Break Up We Saw in america that was at t, a telecoms company, so there hasnt really been much of a model to follow if you look at modern times and modern corporate history. The song that springs to mind is breaking up is hard to do, and thatis breaking up is hard to do, and that is the case with google, trying to unpick the various businesses, notjust businesses, not just domestically but internationally, and that is why people are saying it probably is easier to try and Break Up parts of the business, lesser remedies than the whole entirety. One thing people have talked about is whether Google Search business will be separated from android, chrome and the Google Play App store, and the Google Play App store, and that certain it would disrupt the online Ad Business and perhaps the chief what it is trying to do, but it would be very difficult. Be very difficult. Thank you very much be very difficult. Thank you very much. Some be very difficult. Thank you very much. Some good be very difficult. Thank you i very much. Some good news be very difficult. Thank you very much. Some good news about the worlds Renewable Energy capacity. Immediately report by the international Energy Agency says Renewable Energy from sources like wind and solar is on course to meet almost half of the world . Electricity demand by 2030. They expect five and have to thousand additional gigawatts of renewable capacity to come online between now and 2030. To put that number into context, thatis put that number into context, that is more than the current capacity of china, the European Union, india and united states combined. It is china that is leading the pack, it is responsible for 60 of the additional projected output and solar is winning that renewable race, making it 80 of the forecast of growth. But Electricity Infrastructure is not keeping up. Up to 10 of Renewable Energy is going to waste because it is not able to be stored at times when more is being generated than needed. Earlier i spoke to the Executive Director at the international Energy Agency. He told me that limiting the impact of Climate Change is not the only reason white renewables have performing so well. It renewables have performing so well. ,. ,. , well. It is extremely good news for everybody. Well. It is extremely good news for everybody, almost well. It is extremely good news. For everybody, almost everybody around the world because renewables are growing very strongly and there is still huge potential for them to grow. And the main driver of this very strong massive growth is not necessarily climate policies. It is mainly because they are cheap. For example, Solar Power is today the cheapest option to build Power Plants almost everywhere around the world. So is wind. As a result of that we see around the world all countries are seeing a major growth of solar, wind and other renewables. For example, this year, of all the Power Plants installed in the world, 85 , 85 are renewables, 5 nuclear power, 10 all fossil fuels, 5 nuclear power, 10 all fossilfuels, coal, Gas And Oil put together. Economics is the main driver here. It put together. Economics is the main driver here. Main driver here. It does offer Real Hepe main driver here. It does offer Real Hepe for main driver here. It does offer real hope for the main driver here. It does offer Real Hope For The Future main driver here. It does offer Real Hope For The Future and i main driver here. It does offer Real Hope For The Future and it | Real Hope For The Future and it is interesting to see that china is responsible for a huge part of this growth, up to 60 of the additional Capacity Forecast of a next few years, but at the same time we see the European Union and united states tariffs on government subsidised chinese Electric Vehicles and the us putting tariffs on chinese produced solar panels. I have those tariff decisions bad news for the environment . I tariff decisions bad news for the environment . Tariff decisions bad news for the environment . I think when we look at the environment . I think when we look at the the environment . I think when we look at the next the environment . I think when we look at the next few the environment . I think when we look at the next few years | we look at the next few years to come, we are seeing a new to come, we are seeing a new economy, a to come, we are seeing a new economy, a clean Energy Economy is emerging. It is the solar panels, wind turbines, batteries, electric cars, as you mentioned, and others, and there is a race among the countries. China, the united states, europe, india, to have a good position in the next chapter of the global economic, which is driven by clean energy technologies. And here countries are taking a lot of policies to protect their domestic infrastructure, whether it is electric cars or solo, but they have to be done in the right way so it doesnt slow down the clean Energy Transition and not putting the cheapest option out of the window. In cheapest option out of the window. , , , window. In other Business Toda , window. In other Business Today. The window. In other Business Today, the anglo window. In other business. Today, the Anglo Australian Mining Giant Rio Tinto has agreed to pay 6. 7 billion for arcadian lithium, a company with mines around the world extracting the metal that is essential for batteries and energy storage. Their customers include tesla, bmw and general motors, but recent sluggish demand for Electric Vehicles has led to a spate of Takeover Bids in the industry. The Aviation Giant Boeing has withdrawn a Pay Offer of 230,000 striking workers seeing further negotiations with The Union do not make sense because there demands are far in excess of what can be accepted. The union says bullying is Hell Bent on sticking with an offer that has been rejected by its members. And a group of more than 1000 striking workers at a Samsung Electronics Factory in southern india have rejected another settlement offer. They sit in protest is now in its second month. The strikers have disrupted production and protested any makeshift Tent Close to the factory near the of chennai. We were speaking earlier about how Renewable Energy is helping to tackle Climate Change. It is a phenomenon that is creating new Business Opportunities because when you think of wine from europe, the northern countries of denmark, Sweden And Norway are not usually what comes to mind. New breeds of grapes combined with the warmer weather means that is changing as Adrian Murray reports from denmarks largest island sealant. Far north of bordeaux or tuscany, sealant. Far north of bordeaux ortuscany, more sealant. Far north of bordeaux or tuscany, more than 10,000 vines are growing on this danish hillside. Scandinavia is hardly known as a prime Wine Growing region, but this small and growing Wine Industry are starting to flourish. In a stretch as well into sweden. This winery started 13 years ago. This winery started 13 years a a 0. ,. , this winery started 13 years auo. ,. , ago. People found out it is possible ago. People found out it is possible to ago. People found out it is possible to grow ago. People found out it is possible to grow wine ago. People found out it is possible to grow wine in i possible to grow wine in denmark, so newcomers are coming every year. Denmark, so newcomers are coming every year. Here it is mostly white coming every year. Here it is mostly white wine coming every year. Here it is mostly white wine made coming every year. Here it is | mostly white wine made from coming every year. Here it is mostly white wine made from the great solaris which thrives in the school region. The winery sells locally and supplies high end restaurants in the capital. In the first year we were making 4000 bottles a year, now it has grown to 20,000 bottles. Commercial Wine Growing has been allowed for just commercial Wine Growing has been allowed forjust over two decades and now denmark has hundred and 50 vineyards. Traditionally grapes grow well in southern europe, but more frequent extreme weather events have affected harvests. Temperatures in denmark have risen almost 2 degrees over the last 50 years resulting in milder winters and a longer fruit growing season. Experts say Climate Change is pushing Wine Production further north at south in each hemisphere. But in Scandinavia Winemaking is largely driven by the availability of hardier breeds of great. We availability of hardier breeds of areat. ~ ,. , of great. We see Wine Growing movin of great. We see Wine Growing moving because of great. We see Wine Growing moving because of of great. We see Wine Growing moving because of climate moving because of Climate Change, it has already moved quite a bit into belgium, maybe netherlands and parts of germany where you have not seen Wine Growing before. But further into Northern Germany and scandinavia, it is driven by the cultivators. And scandinavia, it is driven by the cultivators. Prepared to established by the cultivators. Prepared to established wine by the cultivators. Prepared to established wine regions, established wine regions, cognition here is a small scale. But as local winemaking takes off, will consumers be convinced to buy it . Takes off, will consumers be convinced to buy it . There are still some convinced to buy it . There are still some way convinced to buy it . There are still some way to convinced to buy it . There are still some way to go convinced to buy it . There are still some way to go before i convinced to buy it . There are | still some way to go before the quality is there. If you buy a french wine for a 200 danish kroner is, if you buy it in a shrine at 200 danish kroner is the Danish Wine is too expensive. The Danish Wine is too exensive. ,. , ~ expensive. Nordic winemaking will not rival expensive. Nordic winemaking will not rival france expensive. Nordic winemaking will not rival france any expensive. Nordic winemaking will not rival france any time | will not rival france any time soon, but perhaps in bit years ahead sipping glasses of scandinavian plonk will not be such a novelty. That is your Business Today. Stay with us on bbc news

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