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Transcripts For BBCNEWS World Business Report 20240706

we begin in france, where unions will be staging strike action today against the government s pension reform plans. the government is aiming to raise the retirement age from 62 to 64 years. today marks the sixth day of strikes and protests since mid january, and unions say it will be the biggest yet with workers across a range of sectors expected to mobilise. teachers, gas and electricity workers, train drivers, and industrial workers are all expected to join. part of the french government plan is also to raise the minimum pension to 1,200 euro a month, which is over 550 euro higher than the current minimum figure. but unions want more due to rising inflation. let s go live to paris now and talk to tomasz michalski associate professor of economics at the hec business school in paris. we spoke about these injanuary but they are still continuing into march. but they are still continuing into march. , , . , , into march. the public support is there for into march. the public

Transcripts for BBCNEWS World Business Report 20240604 04:51:00

to success over our family that we started, actually my parents started in 1972 in a small production here in a small warehouse under my grandmother s villa. so it s really a family story. and through the years, starting from accessories, we are today with 70 boutiques around the world and 20 shops, covering the nicest address with the most beautiful cities in the world. but aside from those famous faces, is it fair to say that your customer base is for. . . high net worth individuals who have the money and who i don t know probably want a made in italy product? of course, the majority of our clients are self made millionaire or billionaire that really needs something special for their wardrobe that gives them an emotion. but, as i like to say, our opening price might be a 200 euro tie, so we are open to a wide group of consumers that are entering our boutiques in the world. ok, you know i ve got to ask you this. you re not cheap. just briefly, niccolo, what. for example, what s

Transcripts for BBCNEWS World Business Report 20240604 05:31:15

The latest business news with informed analysis from the world s financial centres. [S]

Transcripts for BBCNEWS World Business Report 20240604 04:42:00

that s well below the target set by the chinese government of 5.5%. tiktok could face a nearly 29 million dollarfine for failing to protect children s privacy when they re using the platform. the uk s information commissioner s 0ffice found the video sharing platform may have processed the data of under 13s without appropriate consent. tiktok says it disputes the findings, noting that they are provisional . the french government will borrow a record 270 billion euro that is $260 billion next year to finance a budget that includes caps on energy prices for households and businesses. the rise in gas and electricity bills is to be capped at 15% a measure expected to cost 45 billion euro with the poorest households receiving an energy rebate of 100 to 200 euro.

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