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BBCNEWS World July 5, 2024

seeking a winner take all competition and that both countries should not let any disagreement hurt economic ties. tensions have flared over washington s efforts to limit chinese access to advanced computer chips. just this week, beijing tightened export restrictions on two rare minerals both used in the chip industry, but speaking earlier today janet yellen insisted the two economies must remain closely interlinked. i ve made clear that the united states does not seek a wholesale separation of our economies. we seek to diversify and not to decouple. a decoupling of the world s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake. i also made clear that actions we take to protect our national security are designed to be narrowly targeted and that they are premised on straightforward national security considerations, they re are not undertaken to gain economic advantage over china. we are joinded now by ....

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BBCNEWS Asia July 5, 2024

together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan s tsmc, the world s largest contract chip maker says it doesn t expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of growing tensions, and the us secretary s visit to beijing. a top chinese trade adviser says that this is just the start, sending a not so subtle message to the americans just before the counterparts are sat down face to face in beijing for the first time since the covid pandemic. the visit by secretary yellen also comes at a time when the chinese economy looks to revitalise. that experience supposed covid rebound in the first quarter of the year the latest data has shown signs of stephen mcdonald reports. street food seen in china appears to show an economy rebounding s ....

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BBCNEWS World Business Report June 4, 2024 10:38:00

This is picket practice. as you can see, strike preparations are shifting into high gear. the union wants to ramp up the pressure on ups to meet its demands. anthony rosario is one of the organizers, a former ups driver. he was part of the last strike in 1997 that cost the company hundreds of millions of dollars. for him, this isn tjust a fight for higher wages at ups. we want to win big for our ups workers, but we re winning for all those other workers that don t have a union. those amazon workers who are being exploited, those wal mart workers, the target workers, all these mega corporations, they re throwaway jobs. they re not giving them good benefits. them a proper salary. you know, we re fighting for all of that. ups is the biggest shipping company in the us. drivers deliver more than 20 million packages every single day, so the economic impact could be significant. a halt in operations could lead to shipping delays and cause major disruptions to us supply chains. ....

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BBCNEWS Asia Business Report June 4, 2024 00:36:00

Union. if they do walk out it will be one of the biggest strikes in american history. michelle fleury has more. making some noise. ups workers in new york preparing to strike after both sides accuse the other of walking away from the negotiating table. among those getting ready, marvin dawes, a full time driver for ten years. everybody here has frustration that keeps on building up. it is likely to keep boiling. he says every worker deserves more. we want fairness in terms of a fair days pay for a fair day s work. of a fair days pay for a fair day s work- of a fair days pay for a fair day s work. of a fair days pay for a fair da s work. . , , ., day s work. the teamsters union that represents day s work. the teamsters union that represents roughly - day s work. the teamsters union | that represents roughly 340,000 ups workers across the country want higher pay, especially for part time workers. this want higher pay, especially for part-time workers. part-time workers. this is -ick ....

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