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BBCNEWS Talking Business Asia July 6, 2024

offer of a truce, now ended, was deceitful. he said peace in ukraine would only be restored when russian forces were expelled. kevin mccarthy has been sworn in as speaker of the us house of representatives, after 15 rounds of voting. a small group of republican rebels had derailed each previous attempt. the new speaker says it was the influence of former president trump that helped him secure the position. iran has been widely condemned after executing two more anti government protesters. mohammad mahdi karami and seyed mohammad hosseini had appealed against their sentences for killing a member of the security forces during nationwide protests against the government last year. they said they d been tortured into making false confessions. now on bbc news, talking business. 100 years ago, oil was the most sought after commodity. today, it s these chips that run the world. they provide the processing power for everything we use, from smartphones to aircraft and cars to mic ....

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BBCNEWS Talking Business Asia July 6, 2024

family members say they were not permitted to meet the men before they were killed. president volodymyr zelensky welcomes the announcement of the us supplying ukraine with armoured fighting vehicles for the first time. meanwhile, russia s unilateral ceasefire appears to have had little effect on the front line. you re watching bbc news. now, it s time for talking business. a hundred years ago, oil was the most sought after commodity. today, it s these chips that run the world. they provide the processing power for everything we use, from smartphones to aircraft and cars to microwaves. but the fight for who controls the supply chains, the network of companies that make these devices, is escalating. translation: we will focus on national strategic needs l and pool our resources together to boost cutting edge research in science and technology domestically, and resolutely win the battle in key technologies. so instead of relying on chips made overseas in places like china, ....

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CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024

trail. jeff bezos takes a $23 billion personal hit. the bigger story here, what amazon sales outlook says about the u.s. economy. welcome to our viewers in the united states and around the world. i m christine romans. we begin with a titanic sea change in the world of social media. billionaire elon musk completing his $44 billion takeover of twitter. two sources tell cnn musk launched his takeover by firing the ceo and two others. he spent months trying to get out of it. for musk, it really sunk in for him this week that he would now be owning twitter. we heard that the deal has closed, it s happening. he spent time at twitter s headquarters this week meeting with employees. he sent a letter to posted a letter to advertisers yesterday trying to give them a sense of what his plans are. he posted this big i guess mission statement. at one point musk said he wanted to move towards a free speech maximalist approach. that seems to have given advertisers the jitters ....

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BBCNEWS The Papers July 6, 2024

well, the us chips act is helping level the playing field. over the course of the last couple of decades, a lot of the manufacturing of silicon moved to asia because of the incentives provided by the governments here, and now us chips act is able to bridge the cost gap that exists in production in the us versus asia. so us chips act will provide the necessary grants and the investment tax credits to enable more manufacturing in the us. yeah, i m glad you mentioned cost, because there s a reason that the supply chains move to asia in the first place, isn t there? are you confident that the us can be the dominant manufacturer? well, the supply chains for memory manufacturing will be diversified. of course, micron has a well diversified footprint of manufacturing here in asia, and micron will continue to invest in ourfabs in asia to meet the demand needs of the future. but also in order to meet the growth in demand, we need to add new capacity. so us new manufacturing fabs ....

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BBCNEWS BBC News July 6, 2024

iran is facing international condemnation for hanging two more people said to have been involved in nationwide protests. the uk called their executions abhorrent . the newly elected speaker of the us house of representatives, kevin mccarthy, has said former president trump helped him finally secure his position, after 15 rounds of voting and sometimes acrimonious exchanges with fellow republicans. he said i don t think anybody should doubt mr trump s influence. president biden congratulated mr mccarthy for his win and said he looked forward to co operating with his party. our washington correspondent gary o donoghue reports. it took them four days and 15 separate ballots before they finally got there. the honourable kevin mccarthy of the state of california, having received a majority of the votes cast, is duly elected speaker of the house of representatives. cheering not since the american civil war more than 160 years ago has it taken this long to elect a speaker. ....

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