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welcome to world business report, i m ben thompson. we start in the us where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden s administration is spending billions to help electric car firms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc it s worried britain can t compete on a level playing field and warns that companies are considering moving their investment to the united states. our economics editor faisal islam reports. british industry is facing a new dilemma when deciding where to invest to build key components for future green technology. massive hand outs from the us government has changed the game. morning, guys, how are you? this isjohn neil, he runs unapart which makes parts for every major uk car manufacturer, and he is worried. the americans are redefining the free enterprise system. and i m genuinely very, very wo ....
Mode. Well tell you why. And. Can economists be compared to Weather Forecasters when it comes to prediciting the future . Our economics editor kamal ahmed will be here with that and a look back at the rest of the business week. And following the impact of Donald Trumps toyota tweet, we want to know whats the biggest twitter storm youve ever sparked 7 just use the hashtag bbcbizlive. We start with samsung because in the last few hours the South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats ....
Samsung Electronics said Friday it anticipates a massive surge in operating profits in the first quarter, more than tenfold year-over-year or up by over. ....
Much for now, philip toews, chief executive in toews investments. electronics giant samsung says profits fell a massive 95% in the three months to march, compared to last year. that s its lowest quarterly profit in ia years. it s been hit by a slump in demand for tech devices triggering record losses at its computer chip division. with the details, here s our asia business reporter, katie silver. it was flagged earlier this month when samsung released its preliminary earnings, and indeed, it came to pass. the company had its worst quarter in terms of profit in ia years. now, in part it s because demand for chips plummeted. after the semiconductor shortage which rocked many industries, companies around the world race to buy up all the stock. that has led to a chip flood with many having too much inventory which has hit demand. what s more, as fears of economic recession looms, demand for cheap heavy tech devices like mobile phones and computers and even smart cars is also down. and what ....
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