The worlds most Important Technology companies had one of the biggest sale of shares in years. A proper us welcome for the crown jewel of years. A proper us welcome for the Crownjewel Of Uk the crown jewel of uk technology. Arm holdings was born and raised in cambridge, england. You may not have heard of arm holdings but i guarantee you own something with Arm Technology inside it. The chips are 99 in all of the smartphones in the world. 70 of the global population are estimated to have something, phone, tablet, Gaming Console with arm stuff inside it on 30 billion arm design chip sold worldwide alone to customers including google, apple, amazon and microsoft and others. Some of whom took a stake in the company today. The boss told me he wanted to be listed with those of the global Tech Heavyweights in new york. When we look at heavyweights in new york. When we look at all heavyweights in new york. When we look at all the we look at all the opportunities in terms of listening, when we looked at the size of listing that we had and the Tech Companies that we are to grips with, we thought new york would be the best location. ,. , location. Does it mean decisions location. Does it mean decisions about location. Does it mean decisions about the. Location. Does it mean. Decisions about the future location. Does it mean decisions about the future are now made in the us . I am based in the us, if i was in the us, rbp Investor Relations is based in the uk, arm is a Global Company. In the uk, arm is a Global Company in the uk, arm is a global coman. ~. ,. , company. We are headquartered in cambridge. Company. We are headquartered in cambridge, all company. We are headquartered in cambridge, all of company. We are headquartered in cambridge, all of our in cambridge, all of our engineers predominately are in cambridge and across europe. We will continue to be a Global Company and navigate that way. Shares in arm were sold on the London Stock Exchange before it was bought by a Japanese Investment Fund Softbank in 2015 and many feel that the countries would not have lost control of such a National Treasure. Control of such a National Treasure treasure. This is the uks google treasure. This is the uks google if treasure. This is the uks google. If we treasure. This is the uks google. If we were treasure. This is the uks google. If we were in treasure. This is the uks google. If we were in the j treasure. This is the uks i google. If we were in the us and china the situation would never have happened. Arm would not have been allowed to have been sold to a foreign entity like softbank. Those governments both hold those assets, the same assets as National Assets and would never allow a foreign entity to do something similar. Advanced chi s are something similar. Advanced chips are at something similar. Advanced chips are at the something similar. Advanced chips are at the front something similar. Advanced chips are at the front line something similar. Advanced chips are at the front line ofl chips are at the front line of an International Technology war. Arm gets 25 of its revenue from china, which the Company Admits creates future uncertainty. The uk government and the Prime Minister lobbied hard to bring arm back to the uk and it said it was open to a future secondary listing here. But the top brass and the party was in new york tonight. Simon jack, bbc news. Lets go now to china where the well get the latest data on the struggling property sector later this morning. The Property Market is a key driver of the economy, but it has been very sluggish, due to Unfinished Projects and developers loaded with debt. Eveline danubrata with the debt data Publication Redd explains what steps need to be taken. If we look at Country Garden, they have been in the news for a number of reasons. It has considerable overseas assets. 0ffshore holders are worried the company will prioritise onshore holders. That is why they have been exploring their options and they are looking at what kind of assets they can pursue. Is there any recovery can we chase . When we look at Country Garden, they have malaysia, the uk, the us, australia and new zealand. 0ne australia and new zealand. One of the project that has been seizing the headlines is in malaysia. There have been reports it was described as a ghost town. 0ne reports it was described as a ghost town. One thing to note is that a lot of the projected values, the project value, it is based on expected sales or revenues. Ultimately, this still depends on whether Country Garden can complete construction and this goes back to my point, which is access to capital is key to them to complete future construction. In a few hours from now, well find out if one of the largest industrial labour actions in recent years will go ahead. The United Auto Workers union, which represents employees making vehicles for brands such as ford, gm and chrysler, is planning a series of strikes over pay, working hours and the transition to making electric vehicles. The bbc� s Michelle Fleury sent this report from detroit. The start of the trades annual auto show. A chance for the big three car makers to showcase their latest models. Casting a shadow over the cheer, the prospect of the industrys biggest strike in generations. What do workers think . This is what i do every morning. Get up to the chickens. This man works in a still lantus factory making jeep i a fourth generation uaw. You know, my great grandfather, my grandfather my dad. Thats something i wanted to be able to provide to my family. It was an awesome living for my parents growing up. And are those opportunities there today . Not necessarily. Im nervous about it. His grandfather and fathers way of living now out of reach. I cant afford to purchase the vehicle that i sit there and produce every day. I cant even afford to buy that. How does that make you feel . Its frustrating. Its disappointing. Also joining the fight, gm workerjesse kelly. Im a single mum, i have a son, we make that money, but when you pay 1300 a month for health care, it doesnt mean much and it doesnt stretch far. Groceries that used to be 200 a week are suddenly 300 a week. You know, it all gets eaten up very, very fast. I dont take vacations. I use on my Vacation Days for emergencies. In the auto industry, we have a summer shutdown. Contractually, we have to use some of our Vacation Time during the summer shutdown. We only get, for me particularly, i only get two weeks of Vacation Time for the whole year. And thats four days out of that two weeks immediately, which means im on the left with six other days. If my son is sick or has the flu, that is three days right there. This fight that we are going through is not just for autoworkers, this fight is the middle classes fight. This is notjust for us, this is for everybody. Paul is heading to what might be one of his last shifts in a while. If the History Making Strike because ahead, the uaw plans to limit walk outs to key factories, at general motors, ford and still lantus. Persistent snags in india has forced the indian Aviation Regulator to pull up the us engine maker asking for an urgent intervention and the timeline for recalls. This is after incidents of three subsequent Engine Failures mid flight in india. Three incidents between august 29 and September The 3rd when flights operated by indias largest airline, indigo, faced what is called an in flight shutdown of the engines. The indian regulator has demanded an urgent intervention, asking for a timeline of the defective engines in the next two months and if these can be detected at and if these can be detected at an early stage and not while in flight. The engine maker said over 600 engine used in airbus aircraft have to be recalled globally in the next three years. A Material Defect found is reducing the life of certain engine parts like blaze. 200 engines have already been recalled. Indigo is the largest customer of a320 planes and 11 of its engines have been impacted. Now removed from service. Indigo got the nod from the regulator to release 11 planes in order to replace these. But that is just adding to engine snags already troubling airlines globally. In india, nearly a quarter of the Aviation Fleet is grounded due to these engine issues. Almost 50 aircraft of indigo, nearly a score of air india, and go air which is now entirely grounded and has filed for bankruptcy has squarely blamed the engine maker for its collapse. A charge the engine maker has contested. The Supply Chain Glitch is clouding the growth in indias aviation sector, which has seen one of the Strongest Air traffic Recovery Toaster pandemic. And the Safety Threat keeping the airlines and the regulator on its toes. Let me tell you about the euro zone Interest Rates which have been hiked to European High by the ecb. It raised its key rate for the tenth time in a row. That is your addition of Asia Business report. Thank you very much for watching. Bbc news bringing you different stories from across the uk. Stunning natural beauty, but it comes at a cost. The popularity of areas like this peninsula for second homes and holiday lets is one of the reasons people often cant afford to buy in their own communities. Gwynedd council wants fewer second homes and to force people to have Planning Permission to own one in future. But it admits that might lower house prices, which could hit current homeowners. Its a feeling of, well, you know, why are the council doing this to my property . And its very easy to take it personally. Changes to Planning Laws mean councils have more control over property use. Second home owners here already pay much more council tax and now gwynedd wants to use a so called Article Four Direction to bring in new rules. It says theres a huge housing crisis and will use whatever tools it can to let people live in their own communities. They desperately need to do something because there are whole villages where its just empty. Weve been coming on holiday to this area for years and weve been going to the same cottage. But now the Council Tax Thing has tipped her over the edge, the owner, and shes no longer going to let it out to holiday makers any more, so shes put it up for sale. If the council decides to press ahead with the controversial move, it will come into force a year from now. For more stories from across the uk, head to the bbc news website. Tonight, world cup shirts for sale and 1102 year old abseil. Englands only nhs helpline to come off antidepressants is to close after the Health Service withdrew funding. It takes calls from around the country is to shut and the closure means there is no nationwide service to help people. The nhs says local services should be offered. Some other stories now. There are fears 20,000 people have died in libya in a catastrophic flooding that struck the city of derna. The leading Weather Watcher has had many deaths could have been avoided if the Weather Service in libya had been working properly. A woman arrested over the Sarah Everard vigil in 2021 say she has nightmares over the how police dealt with her. Patsy stevenson said the last few years have been really overwhelming. The met police has paid damages to her and another woman after they sue the force over their treatment. And, football shirts bought up by an ex england player during the 1990 world cup have gone on sale. They were collected during englands seven games in the tournament. Time to leave you with ten seconds of abseiling. 102 year old colin bell, an Raf Air Veteran has abseil 280 feet down the royal london hospital. From the helipad to the pavement below. You were all caught up. Goodbye for now. Hello, im mark edwards. Welcome to sportsday. Heres whats coming up on our show. Sensational century from sciver brunt helps england seal a series win against sri lanka. Sancho sent away. The Manchester United winger wont train with the first team until his issues with ten hag are resolved. And youll find out why Francis Tiafoe was somewhat unhappy about the decision in his davis cup tie versus the netherlands. Hello and thanks for joining us on sportsday. We start with cricket and a scintillating century from nat sciver brunt has seen her write her name into the History Books with englands fastest ever 0di hundred. It was the perfect platform to help her side thrash sri lanka at leicestershires grace road in the East Midlands of england to take the series 2 0. The match reduced to 31 overs per side due to rain, but that didnt stop the stand in skipper, sciver brunt gaining her 100th 0di cap and in perfect synergy hitting a sensational century in just 66 balls. She was eventually caught for 120 as the home side made 273. England just as good with the ball charlie dean took her first five wicket haul in international cricket, including three in one over as the visitors were all out forjust 112. Pretty happy with that
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