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Transcripts For BBCNEWS World 20240704

Alarm bells are ringing about the outlook for china, but officials remain confident this is a short term blip. Only last month, the chinese premier, li qiang, said his country was still on track to reach its annual Growth Target of around 5 , a modest target after china grewjust 3 last year, one of the weakest showings in nearly half a century. Lets talk through whats at stake with jane foley, head of fx strategy at rabobank. Iam hoping i am hoping she is there. Good morning to you. I am hoping she is there. Good morning to you. Good morning. A fourth month morning to you. Good morning. A fourth month in morning to you. Good morning. A fourth month in a morning to you. Good morning. A fourth month in a row morning to you. Good morning. A fourth month in a row of fourth month in a row of contraction although it is slightly improved from last month, hasnt it . It slightly improved from last month, hasnt it . Month, hasnt it . It has ....

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Transcripts For BBCNEWS World Business Report 20240707

yes, a very warm welcome to all the business news. and we start here in the uk, where skyrocketing inflation is causing big problems for retailers. just how big will be revealed in a few hours when we get those retail sales numbers forjuly. if we look back, sales fell 0.1% month on month injune, and that was a better than expected result as rising energy and fuel prices dented consumer confidence. now that inflation is topping 10%, the british independent retailers association is calling for 100% rates relief to be introduced for smaller retailers, and an energy price cap for businesses. let us get more. andrew goodacre, ceo, british independent retailers association. good morning. thank you for joining us. you are calling for the smaller retail, rate relief and an energy price for business in general. just talk about energy, energy prices have gone through the roof stop how much is it hurting our retailers? how much is it hurting our retailers? ,., ., ., , retailers? ....

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Transcripts For BBCNEWS World 20240702

The us tells nvidia to take its chips off the table as washington bans the company from exporting some of its products to china. And Pakistan International Airlines Cancels more than 300 hundred flights, as the National Carrier struggles to pay for jet fuel. Welcome to World Business report. Im lukwesa burak. Lets start with the tech giant nvidia, which says the us has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The ban was originally set to come into place in the middle of november, but has been moved forward by the white house. The new restrictions bar exports of nvidias advanced ai chips, which had been designed for the
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Transcripts For BBCNEWS World 20240702

Cloud computing and its Pc Businesses are growing, and the companys early move into ai is reaping rewards. Revenues at microsoft were up 13 to 56. 5 billion in the quarterly period to the end of september. Contrast this with alphabet the owner of google it also enjoyed a big hike in revenue, up 11 to 76. 7 billion, but its shares slipped by 5 in after hours trade as investors were unimpressed with the progress of google cloud. Lets unpack this with russ frushtick, co founder of polygon. Russ is a technology and gaming expert. Good to have you on the programme. If we start with microsoft, what is it getting right . Microsoft, what is it getting riuht . , microsoft, what is it getting riuht . ,. , right . Precisely, you mentioned in the outset right . Precisely, you mentioned in the outset microsoft right . Precisely, you mentioned in the outset microsoft has in the outset microsoft has been dominating the
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Transcripts For BBCNEWS Verified 20240702

Nvidia or china who will be hurt most by this, or neither . I nvidia or china who will be hurt most by this, or neither . I think what america most by this, or neither . I think what america is most by this, or neither . I think what america is trying most by this, or neither . I think what america is trying to most by this, or neither . I think what america is trying to do most by this, or neither . I think what america is trying to do is l what america is trying to do is prevent china from getting this technology, or at least slow down its ability to grow its own industry, so they are trying to stop the transfer of knowledge, if you like, as well as the products. And we are seeing Companies Get caught in the middle of this battle between these two huge economic superpowers. Nvidia as you pointed out, is a leading chip maker, particularly when it comes to ai chips, and it has specifically tailored a product of the
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