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Transcripts For BBCNEWS World 20240704

Being a lot lower in 02 this year than they were last year. As we well remember, they were running up sharply by last year. Bp has realised that prices were down by just under 40 year on year and a biggerfall, they realise just under 40 year on year and a bigger fall, they realise that gas price, 45 and also down by a 30 , that explains why the puppet are lower this year than last year. Lower, but still quite an impressive number nonetheless. It will always raise criticisms about windfall tax with big energy firms doing well on the back of these prices, though as you have said, they have come down from their peaks. Bp is not a big player in the uk any more. Its from their peaks. Bp is not a big player in the uk any more. Its not a big player. Player in the uk any more. Its not a big player. But player in the uk any more. Its not a big player, but reasonably a big player, but reasonably important. They pay tax there and i think, looking at figures, it is gone away, given the price of co ....

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Transcripts For BBCNEWS World 20240704

Good morning. You have been crunching the numbers, they have just come out. They sound like they are doing very well. It does, doesnt it . They are benefiting from Rising Interest Rates all around the world, not just in the uk. Hsbc is a global buying and we have had Interest Rate rises everywhere, they have cashed in on back. Margin up by a0 basis points and revenues increased as a result. Cashed in on that. Most of the money they are making is in asia, i assume . Yes, pretty much. They are looking at good performances in commercial banking, transaction banking, things like that. Its looking pretty solid across the board. ,. , board. There was this whole roblem board. There was this whole problem with board. There was this whole problem with their board. There was this whole problem with their biggest l problem with their biggest shareholder in china wanting to split u ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:32:00

For the united states. the reason china dominates the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. you don tjust dig them up from the ground, they are derived from a more complicated reduction process complicated production process and china has that capability. so governments and businesses will have to rely on cheaper substitutes and alternative sources. it means prices will go up, it means some products might be less effective and some production right be delayed. so this sort of poses a bit of an existential threat for western industry, it s the gradual erosion of capability. as it gravitates towards sourcing the materials reasonably. but in a broader sense, this threatens the overall narrative of globalisation, the idea that international markets will be able to deliver what you need, when you need it ....

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Transcripts for BBCNEWS World Business Report 20240604 10:39:00

What this us china materials war means for the rest of the world. the consensus is that this will be damaging but not fatal for the united states. the reason china dominates the market isn t because it s the only place where gallium and germanium exist, but because it s by far the cheapest place you can get them from. you don tjust dig them up from the ground. they re derived from a more complicated production process. and china has that capability. so, governments and businesses will have to rely on cheaper substitutes and alternative sources. it means that prices will go up. it means some products might be less effective and some production might be delayed. so, this sort of poses a bit of an existential threat to western industry because it s the gradual erosion of capability as it gravitates towards the place where the material can be sourced reasonably. but in a broader sense, ....

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Transcripts for BBCNEWS World Business Report 20240604 04:49:00

For the rest of the world. the consensus is that it will be damaging but not fatal for the united states. the reason china dominates the market isn t because it s the only place where gallium and germanium exist, but because it s by far the cheapest place you can get them from. you don tjust dig them up from the ground they re derived from a more complicated production process and china has that capability. so governments and businesses will have to rely on cheaper substitutes and alternative sources. it means prices will go up, it means some products might be less effective and some production might be delayed. so this sort of poses a bit of an existential threat for western industry, because it s the gradual erosion of capability as it gravitates towards the place where the materials can be sourced reasonably. but in a broader sense, this threatens the overall narrative of globalisation the idea that international ....

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