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BBCNEWS Talking June 8, 2024

biggest economy. i will be discussing all of that with these two. there they are, the head of one of south africa s leading business groups, hotels with a top priority for any new government has to be fixing the basics, electricity, water and transport. also, the man in charge of economic policy for the democratic alliance. as the second biggest party, they are said to have an influential say in the future of south africa. plus, working harder in your work day. the big boss of the us software giant that helps power netflix, levi s and fedex tells me why ai will bring a step change in human productivity. wherever you arejoining me wherever you are joining me from around the world, once again, a warm welcome. this week, we are focusing on south africa, one of the most advanced economies on the continent, but one with huge challenges for the new government to get to grips with. unemployment, power cuts and infrastructure are just the start. that is despite the imf, the int ....

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BBCNEWS Talking June 8, 2024

once again be the continent s largest economy, ahead of nigeria and egypt. the anc, it came out on top in the recent elections with 40% of the vote. but for the first time since the advent of democracy in 1994, nelson mandela s party didn t win a majority, making a coalition government very likely. what this election has made plain is that the people of south africa expect their leaders to work together to meet their needs. as you can see here, the economy has grown significantly since the end of apartheid in the 1990s. but amid widespread difficulties, it s really struggled to grow in the last decade or so. one of the most pressing issues in the election was unemployment. one in three south africans that could work don t have a job. it s one of the highest rates in the world. as a result, over 2a million people, or 39% of the population, receive some form of government welfare payments. that s just one thing that s pushed up government debt. other factors include less ....

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BBCNEWS Business June 7, 2024

we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could ha ....

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BBCNEWS Business June 6, 2024

team and said he was looking forward to getting back to his family and his work in the uk. it s a stunning reversal for mr lynch was been involved in legal battles over autonomy sale for more than a decade. he in the formerfinance sale for more than a decade. he in the former finance chief lost a civil trial in the uk two years ago, which also focused on allegations that they are slated revenue before they are slated revenue before the sale to hewlett packard in 2011. for the first time in five years, the european central bank has cut interest rates. the move was widely expected with inflation easing in the 20 first samsung it s a first ever. the union was set “p first ever. the union was set up in 2020, before then there was no union. when i worked in samsung there was no union. it s very hard working company. employees work very hard and they used to work very long hours. these days i m actually the company is becoming much more lenient and ours are not as severe ....

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BBCNEWS Breakfast January 29, 2017

Start to the day with some sunshine but it will cloud over towards the south and west later today with patchy rain on the way. I will have a full forecast in the next half an hour. Thanks. Good morning. First our main story. Ajudge in new york has upheld a legal challenge aimed at stopping the deportation of people being detained under Donald Trumps new Immigration Policy. President trump has denied that the measures are a ban on muslims and said that the plan was working out nicely. There have been protests at airports around the United States. Our correspondent Simon Clemison has this report. Donald trump says his ban on foreign nationals travelling to america from seven muslim countries is, in his words, working out very nicely. But the order has provoked prote ....

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