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Brands barbie, fisher price and moi, that is mattel to find out how his company s fortunes are being revived. Wherever you are joining around the world, once again hello and welcome to the programme. It is a billion dollar industry driven by creativity and innovation with a global reach and a diverse market. The toy industry is forecast to reach $302 billion in sales by 2030 and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we have seen in decades have created challenging conditions for manufacturers and retailers and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies reported sales have started to slip back once again. Let s look at some of those numbers. Local toy sales reached $108. 7 billion in 2023, a 2% drop compared to 2022 with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But acr ....
On the app. So it was kind of a laundry list of issues. More broadly, mike, were you surprised that this happened in france? so, this is. . . One of the fascinating aspects of this case is, you know, it s a big deal in any sort of country at this point, i believe, to really take under arrest the ceo of a major tech company, especially one used by almost a billion people, that telegram is. I think the distinction that s important here is that the arrest was made not under eu sort of broader laws, but specifically under french sort ofjurisdiction. And i also think that other tech ceos are looking at that and what that means for travel across different countries, not. . . I think durov is a different case because of how uncooperative he has been with different countries over the years but it s something to look at. Related to that, my bbc news colleague joe tidy has been reporting in the last few hours that telegram refuses to join international programmes aimed at detecting and removin ....
Been arrested close to paris and we re going to explore the implications notjust for him and for telegram, but for many of the biggest tech platforms in the world. To do that, let s begin with mike isaac, tech correspondent for the new york times, who s in san francisco. We didn t quite know a lot from the very beginning. We understood that durov was detained, and it was pretty clandestine in the beginning. Then later, the french prosecutors let out a few different reasons. According to a sort of brief statement, it was facilitating child pornography, human trafficking, drug trafficking, a sort of vague reference to encryption issues on the app. So it was kind of a laundry list of issues. More broadly, mike, were you surprised that this happened in france? so, this is. . . One of the fascinating aspects of this case is, you know, it s a big deal in any sort of country at this point, i believe, to really take under arrest the ceo of a major tech company, especially one used by almost ....