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Transcripts For BBCNEWS World Business Report 20240711

The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is

Transcripts For BBCNEWS BBC News 20240706

hello, and welcome to audiences in the uk and around the world. washington has accused beijing of acting irresponsibly after a chinese surveillance balloon was detected over the united states. the us secretary of state, antony blinken, has postponed a much anticipated trip to beijing over the incident. for its part, china says the balloon is a civilian airship which had deviated from its planned route. however, us defence officials argue the balloon, seen above sensitive areas in recent days, was a high altitude surveillance device. our security correspondent, gordon correra reports. i.have no idea what this thing is. a strange object in the sky, filmed by a member of the public in rural montana. and for those of you who think this mightjust be the moon, it is not the moon, the moon is off to my right, i can see it. it s not the moon, nor a ufo, but, us officials claim, a chinese spy balloon. it seemed so brazen and just so insane to me, it wasjust, like, this thing is so vis

Transcripts For BBCNEWS World Business Report 20240706

mischievous asia s richest man hits back against us traders who raised doubts about his finances, wiping $10 billion off his companies share prices. and never too late to influence why brands are seeking out older people to push their products hello. we start here in the uk, where in a few hours time the government s finance chief chancellor of the exchequerjeremy hunt will announce plans to boost the economy and tackle the country s poor productivity. central to those plans, freeing the city of london s giant insurance firms from eu rules on how much cash they have to keep in reserve. they say it could release 100 billion pounds to invest in things like clean energy and infrastructure. mr hunt will also warn against an attitude of declinism amid accusations from business that post brexit uk is in danger of getting left behind in an increasingly competitive world economy. the future looks very uncertain because you have that ira, the 350 billion dollars been spent in

Transcripts For BBCNEWS BBC News 20240706

as he continues what s described as a pilgrimage for and the spanish fashion designer, paco rabanne, best known for his metal clothing designs and fragrances has died at the age of 88. hello and welcome if you re watching in the uk, on pbs in the us or around the world the us secretary of state, antony blinken, has postponed a much anticipated trip to beijing after a chinese surveillance balloon was detected in the sky above the united states. china says the balloon is a civilian airship which had deviated from its planned route. however, us defence officials argue the balloon, seen above sensitive areas in recent days was a high altitude surveillance device. our security correspondent, gordon correra reports. i.have no idea what this thing is. a strange object in the sky, filmed by a member of the public in rural montana. and for those of you who think this mightjust be the moon, it is not the moon, the moon is off to my right, i can sate. to my right, i can see

Transcripts For BBCNEWS BBC News 20240706

they believe mother of two nicola bulley from lancashire who s been missing for a week, fell into a river whilst walking her dog. and the spanish fashion designer, paco rabanne, best known for his metal clothing designs and fragrances has died at the age of 88. hello and welcome. the united states is to provide ukraine with longer range guided rockets as part of another package of military support worth some $2.2 billion. in addition to the ground launched rockets, the package will include more air defence systems, anti tank missiles and armoured infantry vehicles. it comes as france and italy also announced further military aid afterfinalising plans to supply kyiv with a mobile air defence system. lets speak to our north america correspondent, nomia iqbal. what exactly has the us announced? isa is a bit ofa is a bit of a turnaround for the us. new longer range bomb which is sunday they have not given ukraine so far. basically, this bomb is doubled the range of ukra

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