welcome to world business report, i m ben thompson. we start in the us where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden s administration is spending billions to help electric car firms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc it s worried britain can t compete on a level playing field and warns that companies are considering moving their investment to the united states. our economics editor faisal islam reports. british industry is facing a new dilemma when deciding where to invest to build key components for future green technology. massive hand outs from the us government has changed the game. morning, guys, how are you? this isjohn neil, he runs unapart which makes parts for every major uk car manufacturer, and he is worried. the americans are redefining the free enterprise system. and i m genuinely very, very worried
5i i55 55515 l5§5zt im sally bundock. In a moment well be talking about whats going on in australias banks, as westpac faces trial over lending practices. But first its the scandal thats engulfed a nation. Former south korean President Park geun hye is being questioned w. W by prosecutors over a Corruption Scandal that brought her down. E elggfgfs lt from the government. But the scandal has also raised questions about the role of the so called chaebols within korean society. These influential groups the domestic economy. To put this in perspective, samsung alone accounts for 30 of the entire value of the korean the government claims that its biggest Trading Partner Sanctions on the country. 5 ,. Over its decision to host the United States Thaad Mieeile defence svstemv. , Hejoins Me On The Line from singapore. 553 you for being on the programme. 5. E, 553 you for being on the programme. If, e, 553 you for being on the programme. If w5 first of programme. If we first of all start with t