Nvidia or china who will be hurt most by this, or neither . I nvidia or china who will be hurt most by this, or neither . I think what america most by this, or neither . I think what america is most by this, or neither . I think what america is trying most by this, or neither . I think what america is trying to most by this, or neither . I think what america is trying to do most by this, or neither . I think what america is trying to do is l what america is trying to do is prevent china from getting this technology, or at least slow down its ability to grow its own industry, so they are trying to stop the transfer of knowledge, if you like, as well as the products. And we are seeing Companies Get caught in the middle of this battle between these two huge economic superpowers. Nvidia as you pointed out, is a leading chip maker, particularly when it comes to ai chips, and it has specifically tailored a product of the Chinese Market that complied with existing export curbs that the us had introduced. Then it found out on monday that new curbs which would ban those chips being sold to china, the date for those coming into effect had moved forward. The company itself filed with regulators here saying it wouldnt have a major impact on its earnings, perhaps because may be reading the tea leaves it has been preparing for this. But certainly it is something companies in this area are having to tread very carefully as they make Business Decisions and Business Investments far out. Business decisions and Business Investments far out. Tech companies are makin investments far out. Tech companies are making the investments far out. Tech companies are making the headlines investments far out. Tech companies are making the headlines today investments far out. Tech companies are making the headlines today on i are making the headlines today on this week. We will find out the results for meta later today. They are also facing criticism and a lawsuit. What can you tell us . We were lawsuit. What can you tell us . Were talking about al chips. A Giant Tech Company like meta is involved in Artificial Intelligence and shareholders want to hear when it reports its earnings what it has to say about that. It is advert business, it makes a lot of money from advert dollars, thatll be carefully watched and scrutinised. Going by what google said yesterday, it potentially bodes well for the earnings of meta. But the cloud hanging over the company right now is a filed yesterday by 42 attorneys general, and the federal and State Lawsuits allege meta designed facebook and instagram products to keep young users on there for longer, and keep them hooked, essentially coming back again and again. The lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. We will see during the Conference Call with shareholders whether or not Company Executives give a sense of where we go from here and what their reaction to the lawsuit is. ~ ~ , lawsuit is. Michelle fleury in new york, lawsuit is. Michelle fleury in new york. Thank lawsuit is. Michelle fleury in new york, thank you. To the European Union now where they are hosting World Leaders at their First Global Gateway Forum the eus answer to vast Infrastructure Investments like chinas belt and road. Launched two years ago the 300 Billion EuroInvestment Fund is aimed at developing emerging economies. Heres the European Commission president , ursula von der lyon. The fate of present and future generations depends more than before on the quality and quantity of the infrastructure that connects us all. Investment in affordable clean energy, investment in digital infrastructure, investment to better equip our workers with skills that match the jobs of tomorrow. And that is why team europe has put forward europes Largest GlobalInvestment Programme ever. Ursula von der leyen there. But there are questions over where the funding will come from as stefan legge lecturer in economics at the University Of St Gallen explains. Its unclear how exactly the 300 billion are supposed to come together. The eu doesntjust have 300 billion to spend. So there are two sources of finance, the details we have to see. One source is whats called team europe, that is the European Unions own programmes but also the European Bank for reconstruction and development, the European Investment bank. So all of that should put together some part of the money. And the rest, well, its hoped to be raising private financing. So at the moment European Union supports certain Investment Projects or provides guarantees. The idea also is that the private sector will fill in much of that 300 billion budget. And, yeah, who is going to benefit . There is a whole list of about 46 countries right now. They are hoping to get the money. But then comes the conditionality that the European Union wants to spread its values. Its Notjust Building Roads and cables, its about spreading values, and this is, i think, going to be the crucial challenge for the European Union. Pakistan International Airlines says it has cancelled more than 300 flights in the past 10 days as it struggles to pay for jet fuel. The cancellations, both domestic and international, have left thousands of passengers stranded. The company is facing its worst crisis in history with the state oil company refusing to supply any more fuel over unpaid bills. 0ur pakistan correpondent, caroline davies, has the details. 0ur pakistan correspondent, caroline davies, has the details. Its not a big surprise or a piece of new information that pia has been struggling financially, but this is particularly difficult circumstances for it at the moment. Things have really taken a turn for the worse in the course of the last week or so. So its now cancelled 322 of its flights over the course of the last ten days. I was told by a spokesperson that number could rise to 340 by this evening. Most of those, as you say, are domestic flights, but some of those are also international. What we understand the issue here is, that about a week ago, just over a week ago, that the Pakistan State Oil company which provides pia with its fuel said it would no longer be providing it with fuel unless it was paid up front, unless all those bills were paid beforehand, then it would provide fuel afterwards. And thats what pia has really struggled with. Its not been able to make those bills and thats why a lot of its aircraft have not been fuelled and thats why they have not been able to take off. We also had this confirmed from the pso earlier, they said that its because of pias financial challenges, and this gives you a clue about what the overall issues are here. Short term, they dont have enough fuel. The reason they dont have enough fuel is because theyve got Major Economic problems. Theyve got major Cash Flow Issues and theyve got enormous amounts of debt. And we understand from pia that they are now struggling to get banks in pakistan to lend to them. All of this happening when the company is about to be privatised as well. They might find some money for the short term but at the moment its looking like even that could be a sticking plaster and there are a lot of bigger issues for pia that it needs to solve. Lets turn our attention to hong kong now which has announced a number of creative intitatives to boost its local economy. The government will offer hand outs of 2,500 to parents of newborns and ease stamp duties on some home sales. 0ur Asia Business correspondent, nick marsh. Has more details. This is a pretty frank admission from the hong kong authorities that things are not going well economically. In the long term, youve got the issue of the decrease in the workforce, droves of hong kongers have been leaving the city ever since the pro democracy protests and then the subsequent crackdown with the National Security law and then youve got the issue of Foreign Workers and companies, they have not exactly been replacing those workers leaving due to three really tough strict years of zero covid. So now the government has decided that they are going to give every family 2500 for every new baby born. In terms of the Foreign Workers and foreign companies, they are changing the rules to make it easierfor companies to relocate to hong kong. They are slashing the stamp duty to make it easierforforeigners to buy property in hong kong. If you have got a special talent visa, a lot of those go to people from mainland china, you wont have to pay any stamp duty at all. So an admission of an economic problem, obviously this isnt the end for hong kong, its still asias largest financial market. But when you consider that here in singapore the government has just doubled its Stamp Duty Due to the huge amount of people who have been relocating from hong kong to here, pushing up the house prices, it does give you an idea if the sheer scale of the task ahead for hong kong. The founder of the collapsed Cryptocurrency Exchange ftx sam bankman fried plans to testify in his defence at his criminalfraud trial, according to his lawyer. The high stakes move was confirmed in a Court Conference on wednesday. Mr bankman fried has pleaded not guilty to charges he looted billions of dollars in ftx customer funds. Thats your Business News this hour. Around the world and across the uk, this is bbc news. South beat was the first hospital to use this artificial birthing model to put midwives through their paces before they tried it out for real stop since it was introduced it has reduced a type of injury from Shoulderis Dozier dramatically. This is when the shoulders get stuck behind the mothers pubic bone, delaying the birth. Looking over a four year period from 2008, not a single baby suffered long term damage from this condition, where they normally expect three or four cases. ~. , �. ,. ,. , cases. What we dont want to do in this situation, cases. What we dont want to do in this situation, even cases. What we dont want to do in this situation, even though cases. What we dont want to do in this situation, even though we cases. What we dont want to do in | this situation, even though we think we want to, is to pull hard on the babys ed. We want to, is to pull hard on the babys ed babys ed. Midwives and obstetricians babys ed. Midwives and obstetricians across babys ed. Midwives and obstetricians across the | babys ed. Midwives and obstetricians across the world are being trained using this model now. It seems this product can save tens of thousands of baby from a lifetime of thousands of baby from a lifetime of paralysis. Youre live with bbc news. We can go to a report coming in from the Reuters News Agency, they are reporting that a school in rafah sheltering more than a thousand people had sustained damage from a close proximity strike. That has just been posted on x. We are trying to find out more and verify that report. It is important in terms of what the Reuters News Agency is reporting, one school in Rafah Sheltering A600 people has sustained severe Collateral Damage from a close proximity strike. That report just coming in, and we will bring you more as soon as we have it. Lets return to the israel gaza war and as well as fuel shortages, a focus of the past 2a hours has been israels furious reaction at the security council. Antonio guterres said the hamas attacks in southern israel had not happened � in a vacuum. Mark regev is a Senior Adviser to the Prime Minister of israel and a former israeli ambassador to the uk. He spoke to our chief International Correspondent lyse doucet. What in particular has angered israel about the comments in a vacuum . It does seem obvious that this particular crisis, as you asserted, is unprecedented as it is in every way, has come against the backdrop of decades of israeli, Palestinian Israeli arab crises, including israels continuing occupation of palestinian territories. What is it that has made israel so angry . Well, first of all, as you know better than most, israel pulled out of the gaza strip in 2005. We withdrew. We took down the settlements and we evacuated. Your troops, your troops. Yes, yes, yes. We took down the settlements and we redeployed behind the 1967 line. And yet none of that is seemingly recalled by the Secretary General. And more so, he talked about, you know, the lack of a progress on peace. But, you know and i know that hamas has been the most bitter and violent opponent of peace and reconciliation. They say my country has no right to exist in any borders. They say any arab who signs a Peace Agreement with israel is a traitor to the cause. And you know what needs to be done to traitors. They say that the only path is not negotiation, the only path is terrorism, is violence. And so for him to say, well, hamas is killing us because theres no politics, the Peace Process has been stifled. Thats simply not true. In fact, when the Peace Process was moving ahead, youll recall both of us are old enough to remember the oslo years in the 1990s. Then there was a whole wave of hamas suicide bombings. And then we were told hamas is killing jews because they want to stop peace. And now the Secretary General is telling us today hamas is killing jews because there is no peace. Im sorry. Hamas kills us because thats their raison detre. Thats who they are. They are a disgusting, extreme, barbaric organisation. And anyone who had any doubts just saw the violence that israelis experienced on that terrible october 7th, saturday morning. Im sure there are now discussions behind the scenes with Antonio Guterres and senior israeli diplomats about what the Secretary General really wanted to say when he made those remarks. But lets look at the consequences of it. It seems to be quite an unprecedented move to deny visas to un officials. We understand even the uns humanitarian chief, martin griffiths, may not be able to visit. Wont that actually make it even worse in your efforts to try to work with the United Nations . The United Nations has to show itself to be a reasonable partner here. And weve in the past worked with Secretary Generals and worked with the un effectively on numerous issues. But id remind you that two of the current Secretary General� s predecessors, both kofi annan and ban ki moon, publicly addressed the issue of institutional, Structural Anti Israel Bias in the un. This Secretary General has not done so. He seems to have adopted and embraced that structural and organisational bias against my country. Antonio guterres spoke at length at the un security council. He also emphasized what we understand one western leader, a friend of israel, has said on their visits to israel and that there is even in war there are rules. And he mentioned this to israel, but he also mentioned it to hamas, who he accused of using civilians as human shields. So as the worlds top diplomat, he seems to be looking at both sides of this war and asking both sides to meet their international obligations. 0n the contrary, hes Making An Artificial Symmetry between a democratic country that is acting to protect its people after weve experienced the most brutal act of violence, the worst Terrorist Incident since 9 11, and the worst act of anti semitic violence since 19a5. Hes making a symmetry between that and between blood thirsty terrorists who rape and burn people alive. And its been reported on the bbc. I dont need to restate all the things that hamas did on that terrible saturday morning. There is no symmetry. And by drawing a symmetry, i think hes made a terrible mistake and hes hurt his own reputation and that of the United Nations. I would remind you that weve had a whole host of World Leaders whove come to israel the president of the united states, the Prime Minister of great britain, the president of france, the chancellor of germany. Today weve got two european leaders, the austrian and the czech Prime Minister. Everyone is coming