Transcripts For BBCNEWS HARDtalk 20240703 : vimarsana.com

BBCNEWS HARDtalk July 3, 2024

Boeing credited a South Carolina worker who saw something they felt was wrong on the Production Line and came forward and reported it. Cutting corners at work is something that many of us may have been guilty of at various times in our lives. But given the frequency with which Quality Control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlines, as well as lawmakers. You can find more of our coverage and analysis of boeing on the bbc website, bbc. Com news. Over the past few months, as israels war in gaza has intensified, weve seen consumers boycotting brands with perceived links to israel. Major Fast Food Chains like mcdonalds and kfc have been on the receiving end of these boycotts, with the most pronounced impact felt in the middle east, where a number of mcdonalds more recently, protestors at universities across the us have called for divestment from companies linked to israel, like google, microsoft and defence contractor lockheed martin. For a closer look at the impact of boycotts, lets bring in ian lee. He teaches Strategic Management at carleton university. Ian, thanks for joining ian, thanks forjoining me today. I want to get your take on what has been the impact of Consumer Boycotts against institutions in Large Companies links to israel, like mcdonalds, like starbucks . Thank ou, mcdonalds, like starbucks . Thank you. Steve mcdonalds, like starbucks . Thank you. Steve is mcdonalds, like starbucks . Thank you, steve. Is very mcdonalds, like starbucks . Thank you, steve. Is very important mcdonalds, like starbucks . Thank you, steve. Is very important to i you, steve. Is very important to distinguish between sanctions versus boycotts. Sanctions are imposed by countries, by nation states, boycotts are imposed by individual groups, purchase goods, against particular companies. So this is very important. The second distinction is, is the boycott against the company because of something the company did inside its company . Think of Anheuser Busch in the United States last year, its activities that enraged many consumers, and that boycott was effective. But secondary boycotts, thatis effective. But secondary boycotts, that is to say boycotting a company because they are involved with a country that people are opposed to, is less successful in the research literature. So we have to make those very important distinctions, i think, in terms of analysing these Success Orfailures of think, in terms of analysing these success or failures of these boycotts. Success or failures of these boycotte success or failures of these bo cotts. �. ,. , boycotts. Another distinction, erha s, boycotts. Another distinction, perhaps. To boycotts. Another distinction, perhaps, to notice boycotts. Another distinction, perhaps, to notice these boycotts. Another distinction, l perhaps, to notice these brands often operate a franchise model, so boycotting will impact local franchisee holders more directly than the brand themselves . Indeed, and thats the than the brand themselves . Indeed, and thats the additional than the brand themselves . Indeed, and thats the additional point than the brand themselves . Indeed, and thats the additional point to and thats the additional point to make. We have to distinguish between the franchise versus the corporate head office, and secondly, is it impacting sales or is it impacting the brand . The research on this shows that the sales it is not as significant, generally, but the hit to the brand, the damage to the brand, is much more significant, and so this is not to suggest that boy because dont work, it is they may have an impact people dont realise it is not the sales decline, it is the impact to the brand which we can see him for example, in the share price. See him for example, in the share rice. �. , see him for example, in the share rice. �. , , see him for example, in the share rice. �. ,. ,. Price. Brands sit up and take notice when these price. Brands sit up and take notice when these things price. Brands sit up and take notice when these things happen price. Brands sit up and take notice| when these things happen to them. Most brands do not want to get dragged into politics, do they . Exactly. Large corporations tend to be very, very averse to bad publicity. They dont theyre not political actors, and so the last thing they want is to be in the news or the International News for bad reasons. Then they avoid negative publicity. Like the plague. Their job is, they try to minimise and avoid it completely. Job is, they try to minimise and avoid it completely. Many thanks, ian, for speaking avoid it completely. Many thanks, ian, for speaking to avoid it completely. Many thanks, ian, for speaking to us avoid it completely. Many thanks, ian, for speaking to us today. Avoid it completely. Many thanks, ian, for speaking to us today. Ian | ian, for speaking to us today. Ian lee from carleton university. We will leave it there. Turning to australia, the central bank there will be wrapping up its two day session later on tuesday, where it will unveil its latest decision on the cost of borrowing. Many economists are expecting the Reserve Bank Of Australia to keep the key rate steady at 4. 35 . And thats a 12 year high. Lets take a closer look at the australian economy with shane oliver from amp. Shane, what are you expecting out of the rba today . We shane, what are you expecting out of the rba today . The rba today . We expect it to hold. There is some the rba today . We expect it to hold. There is some risk the rba today . We expect it to hold. There is some risk of the rba today . We expect it to hold. There is some risk of ahead, but on balance i think they will. You might describe it as a tightening bias. Basically to warn australians that if we get another bad Inflation Number like we did in last quarter, we may get another rate hike again. In last quarter, we may get another rate hike again. Keeping that in my, Do Ou Rate Hike again. Keeping that in my, do you foresee rate hike again. Keeping that in my, do you foresee any rate hike again. Keeping that in my, do you foresee any changes rate hike again. Keeping that in my, | do you foresee any changes coming . Rate hike again. Keeping that in my, l do you foresee any changes coming . I dont see any major changes in terms of growth, but inflation, i think they will revise up. They did revised other Inflation Numbers three month ago and if every meeting, since then we have seen some higher than expected Inflation Numbers in the last quarter. Next year, i think they will leave them as they are, so well that progress back towards the two to 3 inflation target, but its not as quickly as previously thought this year. If inflation is looking high, Interest Rates also remain high, what does that mean for consumers . Obviously uts that mean for consumers . Obviously puts pressure that mean for consumers . Obviously puts pressure on that mean for consumers . Obviously puts pressure on consumers, that mean for consumers . Obviously puts pressure on consumers, and that mean for consumers . Obviously puts pressure on consumers, and i i puts pressure on consumers, and i think this is one reason why the reserve bank will leave rates on hold ultimately, despite the higher Inflation Numbers. We had retail sales figures last week, also broader measures of household spending, quite soft in the month of march, and obviously a delay in a rate cut with the risk of oi or the threat of another hike will strain spending and keep the spending at a low growth rates up in another part of the economy is the strength or weakness of the australian dollar. Where do you see it . Lately, the Aussie Dollar has been heading up again and that partly reflects expectations that the fed still is on track to cut rates, but of course were seeing this potential delay in the rate cuts in australia, so the Interest Differential has moved in favour of the australian dollar, so it is currently above 66 us census, below 64bit currently above 66 us census, below 64 bit before, it is on the way to 70 cents by the year and as the us dollar weakens. We are also seeing strength in the iron ore price. Thats also positive for the australian dollars. We thats also positive for the australian dollars. Thats also positive for the australian dollars. ~. , australian dollars. We will leave it there. Australian dollars. We will leave it there thank australian dollars. We will leave it there. Thank you australian dollars. We will leave it there. Thank you for australian dollars. We will leave it there. Thank you for speaking australian dollars. We will leave it there. Thank you for speaking to l australian dollars. We will leave it l there. Thank you for speaking to me today, shane oliver there. Thank you for speaking to me today, Shane 0liverfrom there. Thank you for speaking to me today, shane oliver from amp. Chinese Electric Vehicle maker nio is making progress on plans to launch a car thats targeted at the mass market. The companys website for its sub brand, 0nvo, went live in china on monday. Visitors are told to stay tuned for details of a new ev model, the l60. Nios chief executive William Li Has said the l60 will take aim at rival teslas model y that is currently the worlds best selling ev. In an interview to a leading Indian Business news daily, indias Foreign Minister has defended blocking investments from china. He said india cannot compromise on its national and Economic Security in the name of opening up the economy. The bbc� s Arunoday Mukharji explains why this is important. Indias Foreign Minister sjaishankar was speaking to the Economic Times when he said that it was about protecting domestic businesses, especially the small and medium enterprises. Also, batting away allegations of becoming a protectionist economy, the Foreign Minister also said it was about protecting the interests of the Working Class in the country. Just to put things in context, relations between india and china have been at their lowest ever since the 2020 violent altercation along the indo china frontier over a territorial dispute. Back then, in protest, india had banned hundreds of chinese Apps Including Tiktok from operating here. New delhi has since been pushing domestic manufacturing and incentivising businesses to move production from china to india to help offset the huge Trade Deficit with beijing. Now, this is what it all boils down to. India imports way more from china than it actually exports. According to some studies, the Trade Deficit in the last five years has gone up to just a little less than 400 billion. So despite the tough talk, these are the realities that india is facing. Its an aspect that has worried both economists, as well as Strategic Affairs experts. The European Union has approved the 14. 9 billion purchase of us steel by japans nippon steel. In a move viewed as a formality, the European Commission said it cleared the deal because the firms will have limited Market Positions resulting from the proposed transaction. The acquisition has faced opposition in the United States, with President Joe Biden saying he believes the us steel maker should remain domestically owned. I will have more for you on Asia Business report in the next hour. In the meantime, bye for now. Hello there, im 0lly foster. Heres whats coming up for you on sportsday. Kyren wilson is on Top Of The World theres a new name on snooker� s greatest prize. Another low, though, for manchester united, humbled at Crystal Palace. And merlier makes it over the line first at the giro ditalia, but pogacar is still pretty in pink. Hello there, welcome along to sportsday. Kyren wilson is the new World Snooker champion. He held his nerve to beat qualifierjakjones to win the title for the first time, beating the welshman 18 frames to ia at the crucible in sheffield. Jones was always playing catch up, from being 7 0 down, but he did mount something of a comeback with his First Century of the final as he looked to cut wilsons lead. The match wasnt of the highest quality, some easy pots missed and a few outrageous flukes wilson with that one. Both men benefited from those. Jones won three frames in a row, his best spell in the match, and he trailed byjust three at one stage. But wilson finally got over the line. He was runner up to ronnie 0sullivan four years ago. That was during the pandemic and only a limited number of spectators were allowed in. He certainly enjoyed this moment. Im trying so hard to inspire a younger generation, hopefully im inspiring my kids. They did an interview this week and someone asked them who their Sporting Idol is they said ronaldo, so hopefully ive overtook him now is they said ronaldo, so hopefully ive overtook him now ive overtook him now laughter its areat. Ive overtook him now laughter its great i ive overtook him now laughter its great. I want ive overtook him now laughter its great. I want to ive overtook him now laughter its great. I want to say ive overtook him now laughter its great. I want to say thank ive overtook him now laughter its great. I want to say thank you | its great. I want to say thank you to each and everyone you for making this so special. I was robbed of this so special. I was robbed of this in the covid final. I will never forget this this in the covid final. I will neverforget this moment, so this in the covid final. I will never forget this moment, so thank you all. Never forget this moment, so thank ou all. � ~ , erik ten hag took full responsibilty for Manchester Uniteds 4 0 defeat at Crystal Palace but says hes still the man to get the club moving in the right direction. It was their biggest defeat to palace in over five years and the first time palace have done the double over united. They won at old trafford in september. Michael 0lise scored twice, with goals from Jean Phillipe Mateta and tyreek mitchell. United were hit by a fair few injuries and had a makeshift defence, but palace certainly deserved the win. Theyre finishing the season strongly, with four wins and a draw in their last five. United remain eighth, with European Football A Real Long Shot next season. I prepare the team in the best way i can. And we have many problems, so the only focus i have, to perform better with my team. So just finally tonight, it doesnt add to any concern for yourself about your position . I dont think about this, and that is, i think only about making my team better. And its necessary, because we are underperforming. Stay humble, focus on the details. We struggled with defensive set plays. So we have to be honest they could have scored one or two, but at the moment, we scored one. So, yeah, we always look at what we can improve. But, yeah, of course, this now is a very, very good phase of the season. The former spain and wolves boss Julen Lopetegui has agreed a deal to replace david moyes at west ham. The club has confirmed that moyes will leave at the end of the season when his contract expires. Lopetegui left wolves last august after just nine months in charge. His most successful managerial spell was his three years at sevilla, where he won the Europa League in 2020. Under moyes, west ham have twice finished in the top seven, but they have been struggling this season and havent won in the past month. There has been success under david moyes. Theres no doubt about that. Nobody can argue that. Should we change direction or not . Should we just give more spectable to the fans, more possession, more this and that . The kind of thing you get with lopez julen Julen Lopetegui. Quite clearly, with the success in last season, moyes had to stay. The chairman wants west ham to move in a different direction. To the third stage of the giro ditalia, where tim merlier sprinted to victory in fossano, finishing ahead ofjonathan milan. But thats only half the story, as nick ransom reports. The italian heartland between the ring and jen noah gave the race favourite Tadej Pogacar hope for a more relaxed afternoon after a puncture and crash on sunday. Latter terrine provided slovenian opportunity to rest behind team mates while sprinters took centre stage. And they did with around 50 km to go, forming their own breakaway. However, that lead soon fell away as the finished drew closer. Withtwo columbus left, plug a car in pink and fancied a breakaway of his own alongside geraint thomas. The overall leaders could not keep their position at the front, though, with the sprint ultimately showing their muscle surge to the finish line. A near for our race had become a bit of a lottery and the man with the lucky ticket was belgian tim merlier on the left, who stole the stage by the narrowest of margins. Thomas still trails pogacar in the overa

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