Skip to main content

tv   World Business Report  BBC News  May 30, 2023 5:30am-6:00am BST

5:30 am
hello and very warm welcome the programme. let's start by talking about artificial intelligence, because later the european union and the united states will discuss cooperation on al. ministers are meeting for the fourth time at the trade and technology council in sweden. they are expected to look into apps and programmes that use ai algorithms, such as chatgpt. members of the g7 group of leading economies are also meeting today to debate ai and look at how the technology should be governed, as well as disinformation and protecting copyright. joining me now is philipp lausberg, policy analyst at the european policy centre. what do you expect we might get
5:31 am
from these various meetings happening today? the from these various meetings happening today?— happening today? the two meetings. _ happening today? the two meetings, the _ happening today? the two meetings, the g7 - happening today? the two meetings, the g7 but - happening today? the two meetings, the g7 but also | happening today? the two - meetings, the g7 but also the ttc, which i see is the more productive and hope meeting, it is bilateral, the us and the eu. i am sure something will come out of this, given the risks and dangers that have been identified quite clearly by both sides. what we could expect in that format is probably some kind of agreement on what the risks are first of all, to define the risks, the metrics of measuring the risks of ai and risk management methods, but also the start of developing common standards, to take steps together to, with stakeholders present at the ttc, who will give insight necessary to arrive at common standards. and i think everyone expects something will come out of that. when it comes to the
5:32 am
g7, it is a much larger group of states, and i think the most we can expect is some sort of agreement and voicing of intent on these issues and may be some common definitions that everyone can align to as to what ai means and what are the risks so far. the away cd definition, there are some people expecting the g7 states to take over that definition from the oecd. that will be a step to start regulating and defining standards.- step to start regulating and defining standards. where do ou think defining standards. where do you think it — defining standards. where do you think it will— defining standards. where do you think it will be _ defining standards. where do you think it will be difficult i you think it will be difficult to reach agreement, the sticking points?- to reach agreement, the stickin: oints? ~ , sticking points? when it comes to the eu and _ sticking points? when it comes to the eu and the _ sticking points? when it comes to the eu and the us, - sticking points? when it comes to the eu and the us, the - sticking points? when it comes to the eu and the us, the us | to the eu and the us, the us tradition of regulation is much less, so they have more interest in the business side of things and i think that in general has always been a factor that has created somehow
5:33 am
difficulties to come to common ground. but given the urgency, i don't think this will be decisive. plus the actual development of legislation will come afterwards. the ttc has no legislative power anyway. hath legislative power anyway. how uruent is legislative power anyway. how urgent is it _ legislative power anyway. how urgent is it they _ legislative power anyway. how urgent is it they reach - urgent is it they reach agreement on these matters, given the speed with which ai and apps that use it are developing? i and apps that use it are developing?— and apps that use it are develoin: ? ~ , , developing? i think it is very uruent developing? i think it is very urgent and _ developing? i think it is very urgent and especially - developing? i think it is very urgent and especially also i urgent and especially also because this is the opportunity that democratic states started developing standards on this issue. if this opportunity is being missed it might be coming from a different angle, for example from autocratic states, from china and i think time is running out. we have seen with the eu legislation that has already put something in place. it still needs to go through parliament but it is going way too slowly to actually react to things like chatgpt. uk.
5:34 am
things like chatgpt. 0k. phili - things like chatgpt. 0k. philipp lausberg - things like chatgpt. 0k. philipp lausberg from i things like chatgpt. 0k. philipp lausberg from the european policy centre, thank you very much. european policy centre, thank you very much-— food security will be top of the agenda when eu officials gather today at the agriculture and fisheries council. they will assess the situation for agricultural food produce in the european union — especially in relation to the war in ukraine. earlier this month, the european commission announced restrictions on the imports of ukrainian wheat, maize, rapeseed and sunflower seed in poland, hungary, romania, slovakia and bulgaria untiljune fifth. live now to arnaud petit, executive director of the international grains council. briefly, just explain why the commission introduced those limits on ukrainian imports. good morning. infact, limits on ukrainian imports. good morning. in fact, there have been a lot of grain in stocks in these countries and the local farmers were not able to sell the grains at a competitive enough price to reach the market. and therefore
5:35 am
those countries decided to limit the trade of these products with ukraine. 0k. and in terms of _ products with ukraine. 0k. and in terms of when _ products with ukraine. 0k. and in terms of when we _ products with ukraine. 0k. and in terms of when we look - products with ukraine. 0k. and in terms of when we look at - in terms of when we look at what they will be discussing today in particular, what are the main concerns, then, around agricultural produce in the eu? in the eu i would say the paradox is more about logistics, ratherthan logistics, rather than quantity. the logistics, ratherthan quantity. the eu is very competitive in terms of exporting its grains but when it comes to moving the grain within the single market it is very complicated. first of all, logistics, and also how to improve the storage capacity in those countries to allow grains from ukraine to be stored there and its final destination to the markets.— and its final destination to the markets. �* ., ., ~' the markets. and when we look at prices. _ the markets. and when we look at prices, certainly _
5:36 am
the markets. and when we look at prices, certainly in _ the markets. and when we look at prices, certainly in the - the markets. and when we look at prices, certainly in the uk, . at prices, certainly in the uk, prices forfood at prices, certainly in the uk, prices for food have at prices, certainly in the uk, prices forfood have been rising more sharply and continue to rise more sharply than the general rate of inflation. similarly, the price of groceries putting pressure on households elsewhere in europe. do you think there is much they can do about that, or not? if much they can do about that, or not? ., ., ~ much they can do about that, or not? ., ., ~ ., ., ,, not? if we look at the market toda , not? if we look at the market today. the — not? if we look at the market today, the price _ not? if we look at the market today, the price of _ not? if we look at the market today, the price of wheat, - not? if we look at the market today, the price of wheat, i i today, the price of wheat, i would characterise it as a bit low. we are around 220, 230 per tonne for wheat in europe, which is well below what we have seen before the crisis in ukraine. so this is why i would say we are still expecting some decrease in prices the cost of bread, for example, is more related to energy and the cost of salaries rather than the raw materials. of salaries rather than the raw materials-— materials. 0k. really interesting. - materials. 0k. really interesting. arnaud i
5:37 am
materials. 0k. really- interesting. arnaud petit, executive director of the international grains council, thank you for speaking to us on bbc news. investors have been breathing a sigh of relief as a deal to raise the amount the us federal governmen can borrow was reached over the weekend. known as the debt ceiling. president biden has said he believes that the deal has a very good chance of being approved by congress. his administration has warned it will run out of funds unless measures to raise the debt ceiling are passed within the next week. here'sjoe biden speaking to reporters on monday: i feel very good about it, i have spoken to a number of the members, i have spoken to mcconnell, i have spoken to a whole bunch of people. and it feels good. we'll see when the vote starts. and, look, one of the things that i hear some of you guys saying is, why didn't biden say what a good deal it is? why would biden be saying what a good deal it is before the vote? you think that is going to help me get a pass? no. let's speak now to janet mui, head of market analysis,
5:38 am
rbc brewin dolphin. when we say investors are breathing a sigh of relief do they ever really price and the possibility of the us government defaulting on its debt payments?— government defaulting on its debt payments? good morning, think of having _ debt payments? good morning, think of having me. _ debt payments? good morning, think of having me. i _ debt payments? good morning, think of having me. i think- think of having me. i think markets have priced in a very low probability of a us default, which is close to negligible. so i think generally before we get this deal, markets have been actually hoping that we will get the deal eventually and because we had historical evidence that it usually gets avoided, the default, so i think markets have been cautiously optimistic going into this week.— cautiously optimistic going into this week. how important was it that _ into this week. how important was it that a — into this week. how important was it that a deal _ into this week. how important was it that a deal was - into this week. how important was it that a deal was done, i was it that a deal was done, paving the way for congress to vote on raising the debt ceiling? vote on raising the debt ceilin: ? ~ vote on raising the debt ceiling?— ceiling? well, it is very important. _ ceiling? well, it is very important. it _ ceiling? well, it is very important. it is - ceiling? well, it is very important. it is really l ceiling? well, it is very - important. it is really good that we see this deal. we have a week until the next exit
5:39 am
date, which is defined byjanet yellen as the date at which the us will run out of time. we have about a week until we get to the x date. we still have to see the congress vote for it on wednesday so hopefully there will still be enough time to completely avoid a debt default. ., . , default. how closely will the investors — default. how closely will the investors and _ default. how closely will the investors and markets - default. how closely will the investors and markets be i investors and markets be watching the debate in congress in terms of hints about future fiscal policy direction?- fiscal policy direction? yeah, so currently _ fiscal policy direction? yeah, so currently the _ fiscal policy direction? yeah, so currently the deal - fiscal policy direction? yeah, | so currently the deal involves suspending for two years. i think investors have been cautious because we already started to see the us economy slowing, so any type of spending or cuts in real terms is not going to be very helpful to the economy. i think investors will be watching that, but at the same time
5:40 am
because the spending cuts will happen may beat the federal reserve can do less in terms of raising interest rates, or tightening the monetary policy. it is overall well—balanced, the budget. i think investors should be relatively sanguine about the outlook. i don't think a lot has changed just purely based on this debt deal. 0verall purely based on this debt deal. overall i think it is still a removal of a big uncertainty but i think investors will still be watching very closely to the vote because nothing is certain until we get the final vote through.— certain until we get the final vote through. 0k. thank you very much- _ vote through. 0k. thank you very much. janet _ vote through. 0k. thank you very much. janet mui - vote through. 0k. thank you very much. janet mui from . vote through. 0k. thank you i very much. janet mui from rbc very much. janet mui from rbc brewin dolphin. around the world and across the uk, this is bbc news. the brownlee name has long been associated with athletic excellence. brothersjohnny and alistair dominated the sport for years, memorably crossing the line in first and second place at the rio olympics in 2016. and nine years ago, they set
5:41 am
up their foundation to give children a first experience of the sport they love. a triathlon can be an expensive sport to get into if you want to do it competitively at the top level. but these brownlee foundation events, it's not about that. it's about children doing a triathlon, doing an event, achieving something that they never thought they could achieve and it can be free. so there is no barrier to entry to that. schools are invited to events at sport centres across the country where children get the mini triathlon experience. 50,000 children have now come through the program. it's been fun, activities with my school and my friends and i really enjoyed it. i feel like i've done hard work and it feels good. i you're live with bbc news. amazon says it want to be the "earth's best employer" and has come up with a new contract for
5:42 am
employees that will mean staff with children or grandchildren don't have to work in the school holidays. but it comes as the company is trying to fend off a bid by the gmb to be the first trade union recognised by amazon in europe. the gmb says a majority of workers in the amazon coventry warehouse want union representation, and it has applied to the central arbitration committee for recognition. 0ur employment correspondent zoe conway has been speaking to regional operations director neil travis, and she started by asking him why amazon won't recognise a trade union in the uk. cheering. a bbc documentary team captures the moment amazon workers went on strike for the very first time injanuary. over the last nine months, the gmb has recruited nearly 800 workers here in coventry. i support yous all, ijust can't afford to join the union. you can, you can! i pawned my wedding ring and only got it back last week. that's how much they pay us.
5:43 am
i have a husband who can't work, i have a son at school, and i cannot afford to live. along with demanding higher pay, they want the union to be recognised by amazon. that would mean the company would have to negotiate with them over pay and working conditions. do you want the good news? the union believes the coventry warehouse employs 1,300 people, and that a majority want to be represented by the union. they've applied for statutory recognition from an organisation known as the central arbitration committee. at its warehouse in dartford, the company has addressed the issue of recognition for the first time in an interview. but the truth is you are going to do everything in your power as a company to keep that union out, aren't you? we respect our workers' rights tojoin or not tojoin a union, and we're working with the cac as part of the gmb's formal application for recognition. but, i mean, you're not going
5:44 am
to recognise them, are you? you will do everything in your power to stop that from happening. we're working through a formal process with the cac. so if the gmb can show they have got a majority of workers in coventry, you will recognise them? there's a formal process under way. the gmb have made a formal application to the central arbitration committee, and we're currently engaging with the cac as part of that process. one of amazon's stated goals is to be earth's best employer. if that's the case, what have you got to fear from union recognition? i think we're really listening to our employees and, again, the flexible opportunities is really another step forward in how we strive to be earth's best employer. in order to try to be earth's best employer, amazon has come up with a new type of contract that guarantees parents and grandparents who are employed in warehouses like this one don't have to work in the school holidays. people can elect to workjust the actual time that the children are at school.
5:45 am
so they then take guaranteed holidays during easter, summer and christmas. so it's a full—time role with all the benefits of a full—time position — same benefits, same pay rate as a normalfull—time role, but you get the guaranteed holidays off, as well. what do we want? £15. when do we want it? now! but on a picket line in coventry, amazon workers aren't shouting about greater flexibility — but about more pay. we welcome anything that's going to make life better for our members, but ijust don't think this is the thing that they're looking for right now. they want more money in their pocket. you know, what they're telling us is that they cannot live on the poverty pie that's being offered from amazon — a multi—billion—pound company. it could be weeks before the central arbitration committee makes a decision about recognition. this fight for us is really important. we have to get the union inside amazon. we'll go all the way, we're not going to stop doing this.
5:46 am
the gmb might not win this battle, but talk to workers here and they say they're not giving up the fight. zoe conway, bbc news. now, we're expecting the launch of apple's latest iphone 15 in september, and ahead of it, workers at the world's biggest iphone factory are getting a pay rise. live now to our asia business hub where mariko 0i has been following the story for us. it's not the first pay rise they got, is it? no, it's not. wouldn't we love to get so many pay rises? 0f to get so many pay rises? of course we are talking about taiwan —based fox, and its huge factory. up to 200,000 people work there. they have already raised worker benefits twice this month. basically because the company is really trying to retain those workers by offering bonuses and higher hourly pay but here is the catch. 0nly hourly pay but here is the catch. only if they stay 90 days at the factory. they also
5:47 am
get a referral bonus by introducing friends and family members so it really goes to show how foxcom is keen to continue making those iphones in china despite its recent efforts to diversify to india and vietnam —— foxconn. production disruptions from strict covid—i9 restrictions which contributed to lower revenue for apple last year. still, foxconn is planning to add more production facility in chennai in india bit which is expected to start assembling up to 50% of apple iphones by 2027, and that is up from fewer than 5% today. playing a big catch up to be on par with china but it does not of course mean that those factories in china lose their importance and thatis china lose their importance and that is why quite a number of pay rises in order to keep those workers happy. before they get very busy for the iphone 15 production. 0k, as ever, iphone 15 production. 0k, as ever. thank— iphone 15 production. 0k, as ever, thank you _ iphone 15 production. 0k, as ever, thank you very - iphone 15 production. 0k, as ever, thank you very much i
5:48 am
ever, thank you very much indeed, mariko. india's central bureau of investigation has filed graft charges against uk's rolls—royce holdings and british aerospace systems alleging corruption in procurement of 2a hawk trainerjets and additional licensed manufacturing deal. archana shukla reports. the charges filed relate to aircraft procurement and manufacturing deals agreed upon in 2003 and 2005, and executed until 2012. now, india's investigative agency says jet manufacturers paid commissions to middlemen in violation of indian defence contract rules. they entered into a criminal conspiracy with unknown indian government officials. the federal police document says unidentified public servants allegedly misused their positions and facilitated deals for 2h hawk trainer jets, and an additional licensed manufacturing deal in lieu of huge bribes, commissions and kickbacks. now, the deal valued over £1 billion at the time. what's important to note is that the uk and us anti—corruption agencies have earlier investigated rolls—royce for bribery and corruption in getting hawk
5:49 am
aircraft deals in india, china, russia and other countries. in 2017, the engineering giant — without admission of guilt — had paid £497 million to the uk serious fraud office and another £170 million to the us department ofjustice to settle these cases and avoid prosecution. now the federal police document in india, dated may 23rd, makes reference to the uk investigation, and has named the two british firms rolls—royce india representative and two private arms dealer as accused. now the company, in a statement issued from london, says it is continuing to assist the indian authorities, and says that rolls—royce today is a fundamentally different business. "we will not tolerate business misconduct of any sort, and the company is committed to maintaining high ethical standards." let's get some of the day's other news now.
5:50 am
the rate of price rises at uk supermarkets hit a new high in the year to may due to increases in the cost of coffee, chocolate and non—food goods. the british retail consortium said that the overall rate of inflation at grocers reached 9%. the government is in talks about asking supermarkets to cap prices on food items to help with the cost of living. tesla's chief executive elon musk is expected to visit china this week, according to sources which have been speaking to the newswire reuters. he is expected to meet with senior chinese officials as well as visit the tesla's shanghai plant. after the united states, china is tesla's second—largest market — with its shanghai plant the electric carmaker�*s largest production hub. when you think of a classical composer, it's probably unlikely that you picture a woman. you may think of mozart or beethoven but have you have
5:51 am
heard of florence price, for instance? almost nine in ten compositions played by orchestras around the world are written by white men. gender equality is slow in the world of classical music, according to new research. in fact, of the composers' works performed by more than 100 orchestras across 31 countries fewer than than 12% were written by women. live now to gabriella di laccio — a multi—award—winning soprano and the driving force behind the donne foundation. a charity pushing for equality in music for women. why do you think there is this persistent inequality when it comes to classical music?— classical music? that is the million dollar _ classical music? that is the million dollar question, - classical music? that is the | million dollar question, isn't it? we all want to have the answer. isuppose it? we all want to have the answer. i suppose we have several reasons for this and one is we kind of grow up learning that men wear the
5:52 am
genius of classical music or music or a genius in many other fields, as well, and i think we just let history role and now we are in the 21st—century and the reality is that we are hundreds, possibly thousands of women in the history of music, from medieval times, who were respected and left amazing work which, afterwards, wejust deleted from history and now we keep repeating and playing and hearing the same. amazing masters, nobody wants to get rid of them, don't get me wrong, but there is a lack of interest, in my opinion, of really, really promoting these voices that we should be listening for many, many years by now. is listening for many, many years b now. . listening for many, many years b now.. .._ by now. is it specifically, when it _ by now. is it specifically, when it comes _ by now. is it specifically, when it comes to - by now. is it specifically, - when it comes to composers, that we see a lack of women or is it across other roles within the classical musical world? i
5:53 am
am thinking performers, conductors... people who play instruments.— instruments. well, ithink, as any other _ instruments. well, ithink, as any other industry, _ instruments. well, ithink, as any other industry, women i instruments. well, ithink, as| any other industry, women will always have to fight a bit harder to find their own space in the industry. but if you look at all the reports that show the presence of women, conductors, itis, but also sound engineers, producers, positions that can bring fantastic workload for a woman in film composition, as well. it is shockingly low, shockingly low. and it is really, really hard to see those numbers because you kind of imply, our women are less good than men on this? of course not. so what is happening? i think what this tells us is behind the curtains of the industry there is still a lot going on and i think lots of women are still going through prejudice, sexism, and many of them possibly won't
5:54 am
talk about because they fear it will damage their careers or they might lose theirjobs, and then we perpetuate the same stories again. 50 then we perpetuate the same stories again.— stories again. so how do you redress that _ stories again. so how do you redress that balance? i stories again. so how do you redress that balance? whatl stories again. so how do you i redress that balance? what can be done? laughter well, i think what i would love to see would be an engagement from the music industry as a whole, and i'm talking musical organisations and publishers, record labels are streaming services, concert halls, festivals. because all of us, myself as a performer, you as a concertgoer, we first of all need to understand there is a problem. numbers don't lie and it is really interesting in the industry, there is a feeling things are getting better. the moment you show numbers people understand, actually, it's not. if we want to contribute to change we really need to make a decision. we all need to make a decision. we all need to make a decision and i think this needs to come from the top to the
5:55 am
bottom, to all of us to take part. because we also need to think, what is classical music, where are the audiences we are trying to reach? i we going to live forever in the past four do we want to open these concert halls to reflect the music that we have now? uk. music that we have now? 0k. gabriella _ music that we have now? 0k. gabriella di — music that we have now? 0k. gabriella di laccio, _ music that we have now? 0k. gabriella di laccio, we - music that we have now? 0k. gabriella di laccio, we are out of time, but on that note, quite literally, thank you very much indeed and thank you for watching. i will see you soon, goodbye. hello. it was a near—perfect weekend for some of you, and for those on half term this week, there can't be too many complaints for many. skies a little like we saw here on the banks of loch lomond as we went through today. but it could be a busy week for the gardeners and growers — the state of the ground here is very dry in pembrokeshire, for instance, and there is little to no rain in the forecast through the rest of this week. 0ur forecast rainfall chart shows the rainfall amounts will be totting up across southern europe in the mediterranean — not great for those on half
5:56 am
term here — but for us, other than a few spots of drizzle in the far north of scotland, maybe eastern england, it stays dry. why? well, we've got this persistent area of high pressure which noses its way a little bit further westwards, and it still allows a bit of a cool flow of air, particularly into the south and southeast with plenty of cloud — that's showing up on the cambridge forecast for the rest of this week. but elsewhere — especially further west you are — blue skies will dominate, and it will turn that bit warmer. the nights will still be rather chilly, and that's the case as we go into tuesday morning — widely, temperatures down into single figures, some rural spots only around one or two degrees as we start the day. but plenty of blue skies for many, cloudiest across the far north of scotland, quite a bit of cloud through central, eastern england to begin with, and that will hover around many eastern coastal counties of england throughout the day — particularly along the coastal strip. but come away from that, blue skies will dominate, breezy again across some southern and southeastern areas, and that will limit the temperature rise towards that southeast corner — only around 13 or 1a along the coastal strip. but with winds light further north and west, even warmer than we saw
5:57 am
on monday — to the north of glasgow, maybe up to around 2a degrees. now for wednesday, if anything, there'll be more low cloud around — a bit more across eastern scotland, more extensively through england, even into east wales. but the western edges of that will continue to melt away as we go through the day, lingering a bit more, i think, through some parts of the south midlands into eastern england — again limit in temperature rise here. but to the north of scotland, we could even peak at around 26 degrees by this stage. 0ur area of high pressure, then, through wednesday night into thursday continues to nudge a little bit further westwards, and that still allows that keen breeze towards the south and southeast, and it allows a bit more cloud pushing down these eastern coastal counties, some of which will not clear all day long. could bring a spot or two of drizzle, but come to the south and the west, we'll see some of the sunniest conditions. again, it will be a warm day — 23, 2a degrees will be the high. take care.
5:58 am
5:59 am
good morning, welcome good morning, welcome to breakfast withjon kay in russia's capital moscow. to breakfast withjon kay and sally nugent. and sally nugent. 0ur headlines today. 0ur headlines today. a new crackdown on vaping a new crackdown on vaping amid concerns about the number amid concerns about the number of children trying e—cigarettes. one person is killed in kyiv in the third air attack on ukraine's capital in 2a hours — and two early morning explosions have been heard

27 Views

info Stream Only

Uploaded by TV Archive on