Transcripts For BBCNEWS World 20240703

Engines, Nuclear Power plants for submarines, defence and civil aerospace, and the problem they have identified is that it is underperforming relative to its peers, so when he came into thejob he promised to shake things up, and what he wants to do is take the three big divisions that make up rolls royce, civil, aerospace, defence and a Company Called Power Systems in germany that makes large engines, and bring them close together, rationalise them, meaning there will be a lot of duplication in back Office Functions that can be got rid of, so that is where we expect the job cuts to happen, other parts of the business, its Nuclear Submarines business, we dont expect cuts there, and in civil aerospace, people who make engines, a lot of those job cuts will trend back during the pandemic, in fact rolls royce is now recruiting in those areas so that is unlikely to feel a big impact, those areas so that is unlikely to feela big impact, one of those areas so that is unlikely to feel a big impact, one of the main effects will be felt at Power Systems in germany where 11,000 people work, systems in germany where11,000 people work, a relatively recent acquisition for rolls royce, and thats where the pain will be felt. Now, heres a startling statistic half a billion people could still be living in extreme poverty in the year 2030. Thats less than seven years� time. The United Nations defines extreme poverty as those with less than 1 dollar and 25 cents to live on a day. The organisation predicts that a further 700 Million People will be trying to survive just above that level too. Today is the uns International Day for the eradication of poverty something Global Leaders commited to do in 2015. Luis Felipe Lopez Calva is global director for poverty equity at the world bank. He told us why this problem is getting worse and not better. Today, around 230 Million People who are in the condition of poverty are exposed to the climate related shocks, but not only that, almost 500 Million People could fall into poverty because of those shocks. So we need to invest in the productive capacity of the poor but at the same have the policies to protect them to fall back into poverty once theyre out of that condition and that involves a very proactive policy on the side of governments and the international community. In the uk, average pay growth rose above inflation for the first time in almost two years a sign perhaps that the squeeze on living costs may be starting to ease. Wages rose at an annual rate of 7. 8 betweenjune and august, according to official figures. That was higher than average inflation over the same three months. Inflation measures the pace at which prices are rising. Revised figures showed pay overtook inflation for the First Time Since october 2021. However, the rise in wages is an average theres still a big gap between public and private sector pay. So the cost of living isnt necessarily easing for everyone. This month marks ten years since china kicked off its belt and road initiative, a massive Infrastructure Project designed to Link Beijing With Asia and the rest of the world by echoing the old silk road. These are all the countries that have signed up, more than 145 of them, representing three quarters of the world population. Projects include railways, bridges, ports its been a massive undertaking with some controversy along the way. Lets cross live now to rory green, Chief China Economist and head of asia research, ts lombard. Just give viewers a reminder of what this project is about and how significant it is . It isa it is a massive project, 1 trillion of investment, it accounts to 20 trillion of bilateral trade, over 100 countries. And it is big on a number of levels, it is a geopolitical powerplay, a different source of Infrastructure Investment and a wafer china to export excess capacity, so a big initiative, both politically and economically. President xijinping, a big personal project for him, one of the notable guests of a party he is throwing, president putin, what will be read into that . It president putin, what will be read into that . ,. ,. ,. , president putin, what will be read into that . ,. ,. ,. , into that . It is reaffirmation of xi jininu into that . It is reaffirmation of xi jinping and into that . It is reaffirmation of xi jinping and president into that . It is reaffirmation of xi jinping and president putins into that . It is reaffirmation of xil jinping and president putins Close Jinping and president putins close personal relationship, and the close personal relationship, and the close personal and economic ties between moscow and beijing, something that persisted through the russia and ukraine conflict, there have been periods where china has tried to distance itself a little bit from putin in an attempt to avoid alienating europe, but overall that China Russia Alliance has stuck firmly, and we continue to see that with putin as you say at the big party this week. With putin as you say at the big party this week with putin as you say at the big party this week. China of course auamblin party this week. China of course gambling much party this week. China of course gambling much of party this week. China of course gambling much of its party this week. China of course gambling much of its economicl gambling much of its Economic Future and credibility on this project, is it fair to say it is on track despite the controversy . Its despite the controversy . Its difficult to despite the controversy . Its difficult to say. Despite the controversy . It� s difficult to say. In terms of what the objective is of the belt and road initiative, they are quite fast, is it more on the geopolitical side, a means of connecting china to new markets, was it mainly a way to get rid of a bunch of excess stock and production within china . It is probably all of the three, a big umbrella initiative, it has had mixed success, some goodwill diplomatically, some big projects have gone well, but a lot of money has been wasted, so it is a mixed bag on the belt and road initiative. Thank you very much. Some other business headlines. Tesla has been told to recall nearly 55,000 model x vehicles built from 2021 onwards. Its understood the Vehicle Controller is likely to fail to detect and report low brake fluid. The Us Traffic Safety Administration said tesla wasnt aware of any crashes, injuries or deaths because of the fault. The company has released a Software Update to fix the problem. The social Media Network linkedin has announced a fresh round ofjob cuts affecting its engineering, talent and finance teams. Around 670 roles will be affected. Thats about 3 of its workforce. Linkedin said in a statement the cuts were a difficult but necessary and regular part of managing business. The company had already closed more than 700 jobs in may following similar moves by other tech firms. Shares in snap the us Company Behind snapchat jumped 11 yesterday following a report saying the Company Expects to have more than 475 million daily active users by 202a. Thats well above wall street expectations. If those figures come good, it would bring some Relief Snapchat has been struggling with tough competition and a weak advertising market. A transformation is under way in headingley. This woman is using her skill and creativity to help solve a shameful problem, along with her partnerjames the company try to make fashion more sustainable, starting on their own doorstep. Who could forget these shocking images of the tents and Camping Equipment left behind after Leeds Festival . Hundreds of items treated as disposable and destined for landfill. It disposable and destined for landfill. , disposable and destined for landfill. ,. ,. , landfill. It was grim, to be honest. A lot of peeple landfill. It was grim, to be honest. A lot of people have landfill. It was grim, to be honest. A lot of people have a landfill. It was grim, to be honest. A lot of people have a throwaway l a lot of people have a throwaway mindset, but tend tos are not single use, they can be used again and again. When i sawjust how much stuff had been left behind it was really shocking. Stuff had been left behind it was really shocking. Along with other charities and really shocking. Along with other charities and up really shocking. Along with other charities and up cyclist, really shocking. Along with other charities and up cyclist, james i charities and up cyclist, james retrieved tents and Sleeping Bags to make into something new. Irate retrieved tents and Sleeping Bags to make into something new. Make into something new. We got la to make into something new. We got lepton case. Make into something new. We got lepton case. A make into something new. We got lepton case. A bum make into something new. We got laptop case, a bum bag, make into something new. We got laptop case, a bum bag, we make into something new. We got laptop case, a bum bag, we call. Make into something new. We got l laptop case, a bum bag, we call this a festival bag. Its laptop case, a bum bag, we call this a festival bag a festival bag. Its an interesting excitin a festival bag. Its an interesting exciting opportunity a festival bag. Its an interesting exciting opportunity for a festival bag. Its an interesting exciting opportunity for us a festival bag. Its an interesting i exciting opportunity for us because we have exciting opportunity for us because we have not worked with that material we have not worked with that material before, i have worked with cotton material before, i have worked with cotton and material before, i have worked with cotton and silk in the past because that is cotton and silk in the past because that is the cotton and silk in the past because that is the second hand material we normally that is the second hand material we normally use, so i find the whole Experimentation Process of it very interesting. Hello, and welcome to your questions answered on bbc news or yqa for short. Weve been looking at what youre searching for on the bbc website about the israel gaza war and, for the next few minutes, well get you some answers with our team of correspondents. With me are our security correspondent, frank gardner, our middle east analyst, sebastian usher, and our middle east correspondent tom bateman, whos injerusalem. So lets get started with the questions. Why is President Biden travelling to the region . This is incredibly unusual, it normally takes weeks if not months of planning for a us president to make an official visit like this, the Secret Service will deploy first weeks in advance, searching everywhere he will be with sniffer dogs, wrecking the route he will take. The Air Force One to come in at this critical time shows just how seriously and concerned the white house says about this war spinning out of control, the us has two concerns, one is the fact that there are clearly a huge amount of civilian casualties, these are not so called surgical strikes, and awful expression, but they understand israels need to respond to the atrocities committed on the 7th of october, but they want israel to show restraint which it doesnt appear to be showing much of at the moment, and the second is they are deeply worried about it were about it spinning out of control, sucking in other countries like iran. I sucking in other countries like iran. ,. , , iran. I wonder how this will be viewed in iran. I wonder how this will be viewed in jerusalem . Iran. I wonder how this will be viewed in jerusalem . It iran. I wonder how this will be viewed in jerusalem . It will i iran. I wonder how this will be | viewed in jerusalem . It will be absolutely viewed in jerusalem . It will be absolutely critical viewed in jerusalem . It will be absolutely critical for viewed in jerusalem . It will be j absolutely critical for Benjamin Netanyahu, this visit, because before netanyahu, this visit, because before this crisis and war began, benjamin before this crisis and war began, Benjamin Netanyahu was in serious political Benjamin Netanyahu was in serious political trouble, this country had had unprecedented protests for nearly had unprecedented protests for nearly a had unprecedented protests for nearly a year against his Hardline Ultranationalist government. The course ultranationalist government. The course of ultranationalist government. The course of that Benjamin Netanyahu did not course of that Benjamin Netanyahu did not have an invite to the white house did not have an invite to the white house since he was elected late last year. House since he was elected late last year. That house since he was elected late last year, that was becoming deeply embarrassing for him, leading to lots of embarrassing for him, leading to lots of questions, because joe biden was basically pretty angry about the ultranationalist make up of the government, he did not like it and said he government, he did not like it and said he did government, he did not like it and said he did not want to reward mr netanyahu with a visit to the white house netanyahu with a visit to the white house are netanyahu with a visit to the white house are politically this is very important house are politically this is very important in terms of bolstering what important in terms of bolstering what we important in terms of bolstering what we now have, and emergency wartime what we now have, and emergency wartime government in israel, Opposition Figures have come in, this is Opposition Figures have come in, this is the Opposition Figures have come in, this is the most physical signal you can get this is the most physical signal you can get that mr biden is backing the state of can get that mr biden is backing the state of israel in time of what they see as state of israel in time of what they see as historic crisis, so it matters, see as historic crisis, so it matters, and as frank was talking about, matters, and as frank was talking about, those two key objectives, also a about, those two key objectives, also a signal to iran. It has ramped up also a signal to iran. It has ramped up from also a signal to iran. It has ramped up from the also a signal to iran. It has ramped up from the iranians, talking about the potential for a clear escalation, trying to deter a Ground Invasion escalation, trying to deter a Ground Invasion into gaza, so this is about security, invasion into gaza, so this is about security, global security, and the political security, global security, and the Political Support for israel at the moment Political Support for israel at the moment. ,. , moment. Tom raised the point there, this idea of unconditional moment. Tom raised the point there, this idea of unconditional support. I this idea of unconditional support. Does that embolden israel, and i guess is there a point when that starts to run out . Guess is there a point when that starts to run out . Emboldening is one way of starts to run out . Emboldening is one way of looking starts to run out . Emboldening is one way of looking at starts to run out . Emboldening is one way of looking at it. Starts to run out . Emboldening is one way of looking at it. In starts to run out . Emboldening is one way of looking at it. In terms| one way of looking at it. In terms of the one way of looking at it. In terms of the influence one way of looking at it. In terms of the influence that one way of looking at it. In terms of the influence that the one way of looking at it. In terms of the influence that the us one way of looking at it. In terms of the influence that the us has i one way of looking at it. In terms. Of the influence that the us has on israel. Of the influence that the us has on israel. This of the influence that the us has on israel, this blows of the influence that the us has on israel, this blows hot of the influence that the us has on israel, this blows hot and of the influence that the us has on israel, this blows hot and cold. Israel, this blows hot and cold. What israel, this blows hot and cold. What is israel, this blows hot and cold. What is true, israel, this blows hot and cold. What is true, whatever israel, this blows hot and cold. What is true, whatever the israel, this blows hot and cold. I what is true, whatever the nature israel, this blows hot and cold. What is true, whatever the nature of the us what is true, whatever the nature of the us government, what is true, whatever the nature of the us government, whatever the us government, whatever temporary the us government, whatever temporary fallouts the us government, whatever temporary fallouts they the us government, whatever temporary fallouts they may i the us government, whatever temporary fallouts they may have, as president temporary fallouts they may have, as President Biden temporary fallouts they may have, as President Biden has temporary fallouts they may have, as President Biden has had temporary fallouts they may have, as President Biden has had with President Biden has had with netanyahu President Biden has had with netanyahu over President Biden has had with netanyahu over the President Biden has had with netanyahu over the past President Biden has had with netanyahu over the past few| President Biden has had with netanyahu over the past few months, when it netanyahu over the past few months, when it comes netanyahu over the past few months, when it comes down netanyahu over the past few months, when it comes down to netanyahu over the past few months, when it comes down to it, netanyahu over the past few months, when it comes down to it, america i when it comes down to it, america stands when it comes down to it, america stands 100 when it comes down to it, america stands 100 with when it comes down to it, america stands 100 with israel, when it comes down to it, america stands 100 with israel, it when it comes down to it, america stands 100 with israel, it sees i stands 100 with israel, it sees israel stands 100 with israel, it sees israel is stands 100 with israel, it sees israel is essentially stands 100 with israel, it sees israel is essentially almost stands 100 with israel, it sees israel is essentially almost a israel is essentially almost a projection israel is essentially almost a projection of israel is essentially almost a projection of itself israel is essentially almost a projection of itself in israel is essentially almost a projection of itself in the israel is essentially almost a projection of itself in the middle east, projection of itself in the middle east, the projection of itself in the middle east, the only projection of itself in the middle east, the only democracy projection of itself in the middle east, the only democracy in projection of itself in the middle east, the only democracy in the| east, the only Democracy In The Middle East, the only Democracy In The Middle East east, the only Democracy In The Middle East as east, the only Democracy In The Middle East as they east, the only Democracy In The Middle East as they like east, the only Democracy In The Middle East as they like to east, the only Democracy In The Middle East as they like to say, j middle east as they like to say, espousing middle east as they like to say, espousing the middle east as they like to say, espousing the values middle east as they like to say, espousing the values the middle east as they like to say, espousing the values the us i middle east as they like to say, espousing the values the us prides itself on. Espousing the values the us prides itself on. And espousing the values the us prides itself on, and as espousing the values the us prides itself on, and as a key espousing the values the us prides itself on, and as a key ally espousing the values the us prides itself on, and as a key ally in espousing the values the us prides itself on, and as a key ally in that i itself on, and as a key ally in that region itself on, and as a key ally in that region of itself on, and as a key ally in that region of all itself on, and as a key ally in that region of all the itself on, and as a key ally in that region of all the conflicts itself on, and as a key ally in that region of all the conflicts and region of all the conflicts and problems region of all the conflicts and problems there region of all the conflicts and problems there are. Region of all the conflicts and problems there are. The region of all the conflicts and problems there are. The conditions as such, problems there are. The conditions as such, what problems there are. The conditions as such, what the problems there are. The conditions as such, what the us problems there are. The conditions as such, what the us has problems there are. The conditions as such, what the us has wanted i problems there are. The conditions| as such, what the us has wanted to do is as such, what the us has wanted to do is to as such, what the us has wanted to do is to portray as such, what the us has wanted to do is to portray itself as such, what the us has wanted to do is to portray itself as as such, what the us has wanted to do is to portray itself as a do is to portray itself as a relatively do is to portray itself as a relatively evenhanded do is to portray itself as a relatively evenhanded mediator between relatively evenhanded mediator between israel relatively evenhanded mediator between israel and relatively evenhanded mediator between israel and the relatively evenhanded mediator between israel and the palestinians in order, between israel and the palestinians in order, despite between israel and the palestinians in order, despite the between israel and the palestinians in order, despite the hiccup between israel and the palestinians in order, despite the hiccup when. In order, despite the hiccup when president in order, despite the hiccup when President Trump in order, despite the hiccup when President Trump was in order, despite the hiccup when President Trump was in in order, despite the hiccup when President Trump was in power, i in order, despite the hiccup when. President trump was in power, but over the President Trump was in power, but over the past President Trump was in power, but over the past few President Trump was in power, but over the past few decades, President Trump was in power, but over the past few decades, the President Trump was in power, butj over the past few decades, the two state over the past few decades, the two State Solution over the past few decades, the two State Solution at over the past few decades, the two State Solution at the over the past few decades, the two State Solution at the moment, State Solution at the moment, there is no real State Solution at the moment, there is no real momentum State Solution at the moment, there is no real momentum in State Solution at the moment, there is no real momentum in that State Solution at the moment, there| is no real momentum in that process whatsoever is no real momentum in that process whatsoever and is no real momentum in that process whatsoever and has is no real momentum in that process whatsoever and has not been is no real momentum in that process whatsoever and has not been for is no real momentum in that process. Whatsoever and has not been for some years but whatsoever and has not been for some years but there whatsoever and has not been for some years but there has whatsoever and has not been for some years but there has been whatsoever and has not been for some years but there has been talk whatsoever and has not been for some years but there has been talk again years but there has been talk again all around years but there has been talk again all around from years but there has been talk again all around from the years but there has been talk again all around from the us years but there has been talk again all around from the us and years but there has been talk again all around from the us and beyond| all around from the us and beyond that this all around from the us and beyond that this could all around from the us and beyond that this could be all around from the us and beyond that this could be an all around from the us and beyond that this could be an opportunity i that this could be an opportunity when that this could be an opportunity when the that this could be an opportunity when the war that this could be an opportunity when the war is