so we start in the us, where, as you ve been hearing, the world s biggest entertainment company, walt disney, is axing 7000 jobs as part of a cost cutting drive. it comes as the company revealed the first fall in subscribers to its streaming service, disney+, since it was launched more than three years ago. veteran ceo bob iger has returned to run the company again after its shares lost almost half their value last year, as michelle fleury reports from new york. this is ceo bob iger s first set of results since returning to the company in november, attempting to revive the storied brand and cement his legacy, he said disney was embarking on a significant transformation, putting creativity at the heart of everything it does, while announcing the elimination of 7000 jobs as it seeks to trim costs by $5.5 billion. his comments point to the future, but results showed the mouse house performed better across a number of areas in the last months, compared to the dismal showing that
the government says it is a reasonable offer. the chief minister of the indian state of uttar pradesh appeals for calm after a former politician convicted of kidnapping is shot dead live on tv along with his brother. now on bbc news it s talking business. hello and welcome to talking business, with me, tadhg enright. let s have a look at what s on the show. can revenge spending save the world economy? after more than three years, lockdown is finally over for more than a billion people in china. they ve had time to stash trillions of dollars worth of savings. are they about to spend it travelling the world? and what s that going to mean for the rest of us? i ll be getting the lowdown on revenge spending with this top team steve odlan of the us conference board, tian lu from the economist intelligence unit in china, and gary barrowman, the man who literally wrote the book about the chinese tourist. and now people have got places to go, are they going to bejewel themselves
i ll be getting the lowdown on revenge spending with this top team steve odlan of the us conference board, tian lu from the economist intelligence unit in china, and gary barrowman, the man who literally wrote the book about the chinese tourist. and now people have got places to go, are they going to bejewel themselves to go there? wherever you rejoining me from around the world, i ll be finding out from the boss of pandora, the biggest jewellery brand in the world. wherever you rejoining me from around the world, once again a big hello and a warm welcome to the show. china was the first country to lock people down due to covid, and now it s one of the last to ease restrictions. following anti lockdown protests late last year, president she finally ended his zero covid policy, opening up cities and travel once more. that reopening was underlined in the last few weeks by president xi welcoming european leaders, including france s president emanuel macron, to the country, and
of the city. france s president, emmanuel macron, signs into law his government s controversial pension reforms despite months of protests. scientists say the remains of ancient viruses which have spent millions of years hiding inside human dna help the body fight cancer. nurses in england will escalate their strike action in the coming weeks after turning down the government s latest pay offer. hello and welcome to talking business, with me, tadhg enright. let s have a look at what s on the show. can revenge spending save the world economy? after more than three years, lockdown is finally over for more than a billion people in china. they ve had time to stash trillions of dollars worth of savings. are they about to spend it travelling the world? and what s that going to mean for the rest of us? i ll be getting the lowdown on revenge spending with this top team steve odlan of the us conference board, tian lu from the economist intelligence unit in china, and gary barrowman
surged 10% last year to $150 billlion. they have moved to reduce reliance on the us dollar by setting up payment clearing in the chinese currency, the yuan. former brazilian president dilma rousseff is to be sworn in today as head of the new development bank a rival to the world bank and imf set by by the so called brics countries of brazil, russia, india, china and south africa. let s speak now to william jackson, who is emerging market economist at capital economics. xi has been signalling the post covid reopening of china by hosting a series of world leaders. what can we read into the fact that brazil s leader has been among the first? you are absolutely right. as china moves into its postcode environment it seems to be wanting to spread its international wings. we have seen talks between saudi arabia and iran recently, and now we have cordial words with president lula, hayes and china at the moment. there is a big political angle to this, to find a way to cement relatio