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Transcripts For BBCNEWS Asia 20240704

The iconic 123 year old American Steel company and said its vital that the company remain owned and operated in the states. This is a big deal and notjust politically. Nippon steel is set to pay 14. 9 billion to acquire the us giant. But politically, this is territory President Biden knows well. He has cast himself as a champion of the Working Class and called himself the most pro Union President in history. He made headlines for walking the picket line with striking Auto Union Workers last fall. Unionised steelworkers could lend the president support in his election bid. They form the largest industrial union. And for his part, donald trump pledged to block the deal if he takes the white house again. They agreed that Foreign Ownership would leave the us vulnerable when it comes to prioritising their own defence and infrastructure. Its bound to become a topic of conversation between key allies when japanese conversation between key allies whenjapanese Prime Minister when japanese Prime

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Transcripts For BBCNEWS Asia 20240704

Going to happen maybe in the future as well. Future as well. Building on what we future as well. Building on what we have future as well. Building on what we have seen future as well. Building on what we have seen with i future as well. Building on. What we have seen with the biden presidency, what would four more years of a biden president be . President be . For many countries, president be . For many countries, they president be . For many countries, they are president be . For many. Countries, they are afraid president be . For many countries, they are afraid the United States have decided to pull out completely from afghanistan. It was a surprise move. They are expecting or maybe fearing this could happen in some other places, especially in asia. The us election especially in asia. The us election in especially in asia. The us election in november,. Especially in asia. The us| election in november, still especially in asia. The us election in november, still six months away but be

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Transcripts For BBCNEWS World 20240704

As he prepares to do this again, hes trying to improve his partys fortunes. This morning, jeremy hunt was keeping his cards close to his chest as he toured the tv studios. But he did give this hint. I do want, where its possible to do so responsibly, to move towards a lower tax economy, and i hope to show a path in that direction. But this will be a prudent and responsible budget for long term growth. With roughly £13 billion to play with, thats less than hed hoped for. The chancellor is scrabbling around for ways to find more cash that would allow him to reduce taxes. And labour arent saying whether theyd prioritise tax cuts or not. So would you bring down taxes now . Well, we want to bring the tax burden down in the long run, but were not going to promise anything which is not completely responsible and fully funded and fully costed. And youll see all of our plans in the manifesto for getting the economy growing because that Economic Growth is so crucial to making People Better off,

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Transcripts For BBCNEWS Verified 20240704

Bitcoin hitting record highs, the continuation of a rally that has been building for a couple of months. There are a couple of factors the mainstreaming of bitcoin. You may recall earlier this year regulators in the us open and investing opportunities attached to crypto currencies to more investors, and since then funds have been pouring into that. There was a report that huge figures have been raised. That has definitely increased things on the demand side. On the supply side, there is a 0n the supply side, there is a process called halving, part of the bitcoin protocol, only a certain number are issued, and once every four years, a reward for bitcoin miners, that number decreases. That may also have an impact on what investors think the supply will be. All of this i think you can safely say is leading to that craze for laser eyes, the meme that bitcoin fund is used when they are feeling optimistic about it. ~. , they are feeling optimistic about it. We will come back to it. Michelle.

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