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Transcripts For BBCNEWS World Business Report 20240710

Around $38 million. The pink diamond that s putting the sparkle back into the jewellery market we start with the travel business because there are hopes tourism can restart across europe this summer after a deal in brussels on thursday. The european union has agreed to bring in covid 19 certificates allowing free movement for travellers if they ve been vaccinated or had a recent negative test. The deal will allow the european parliament to vote on the plan next month in time for it to be introduced at the beginning ofjuly. The european parliament s negotiator on the deal was very excited at the prospect. You are vaccinated in a member state of the europe and union so the health system of your member state will provide you with a certificate, that is the new rule of the game and that certificate will do, that certificate will do, that certificate means you don t need a test every week, i am vaccinated. This certificate says so. I was vaccinated. Please let me in. So that we regain t

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Transcripts For BBCNEWS World Business Report 20240709

let s start with netflix. shares in the world s top tv streaming service have plunged almost 20% after its forecasts disappointed investors. netflix was one of the major winners early in the pandemic back in 2020 with people around the world stuck at home and cinemas closed. but despite huge investment in new shows and movies that growth has been slowing down over the past year. and netflix has been facing growing competition from the likes of disney and hbo who have all launched rival streaming services. lets talk to liz duff, head of media & investment at total media. shaving 45 william dollars also overnight off your market value, that not to hurt. pretty much wiped out all the growth they made during the pandemic. but should we have expected this? presumably once you have a netflix subscription who else will sign up? a netflix subscription who else will sign up? a netflix subscription who else will sign up? everyone has one these days- will sign up? everyone has on

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Transcripts For BBCNEWS World 20240704

facebook, and tiktok. the most popular platforms face the most stringent rules and biggest fines that s because they reach at least 45 million european active users per month that equates to a significant societal and economic impact . violations could result in fines of up to 6% of their global revenue, or even a temporary ban from the union. margrethe vestager, executive vice president of the european commission, said. the whole logic of our rules is to ensure that technology serves people and the societies that we live in, not the other way around. the laws will eventually apply to all businesses providing digital services within the bloc, expected to come fully into force in february 202a. joining me is independent technology analyst stephanie hare. lovely to see you. i explained that the european rules are set to protect people, protect users from what? , , ., , ., , protect people, protect users from what? , , . , ., what? the big g group that is going to be protecte

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