Transcripts For BBCNEWS Business Today 20240924 : vimarsana.

BBCNEWS Business Today September 24, 2024

Such as bluetooth, as well as driverless systems. There is currently minimal use of chinese or russianmade software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world's two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30 percent pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The planemaker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. Indian prime minister narendra modi has wrapped up a threeday trip to the united states. The countries have agreed to work together on several issues, including setting up a semiconductorfactory in india. The bbc*s archana shukla has more. Calls to invest in technology has been a common thread in prime minister modi's recent foreign visits, particularly seeking investments in semiconductor manufacturing. It's a big way india wants to position itself as an alternative to china for global firms that wish to diversify supply chains amidst the uschina tensions. Hence, when prime minister modi met top tech ceos, like of google and chip giant nvidia, he called them to codevelop, codesign and coproduce in india for the world. India and united states also signed a semiconductor pact. It was a first of its kind, to establish a fabrication plant in india which will provide chips for national security to the us armed forces, allied militaries and indian military. Now, this adds up to modi's agreement with singapore earlier this month to cooperate on semiconductors. Remember, electronics has been a thrust in prime minister modi's push for local manufacturing. Chips is where india depends on china, taiwan and korea for most of its needs. The government has given more than $10 billion of subsidy for chip manufacturing already. Another $15 billion is expected to come in soon. Reports say if you actually add up federal and state funds, the government is bearing three fourths of the capital cost of a new semiconductor manufacturing facility. So far, firms like foxconn, vedanta, india's tata group, micron, among others, have committed large investments. But industry experts say the progress actually has been slower than expected. And maybe excessive subsidies on factories is not a sustainable solution. What is needed is to build a supply chain which makes components, raw materials and talent easily available. Turning to singapore now, where former transport minister s iswaran has arrived in court, for what is being called the city's most high profile corruption case. He has pleaded not guilty to all the charges against him. Let's get more on this from my colleague suranjana tewari who is outside the court house. Suranjana, why is this this case so significant for singapore as a business hub? s iswaran just arrived at the courthouse behind me and faces 35 charges including taking gifts as a public servant, corruption and obstructing the course ofjustice. Prosecutors allege he took more than 300 us dollars worth of flights, hotel stays, musicals and grand prix tickets. He of course denies all of the allegations. He is largely credited with bringing the grand prix to singapore, the grand prix to singapore, the night racejust the grand prix to singapore, the night race just happened last weekend and he is accused of taking the gifts in relation to bringing that massive event to bringing that massive event to singapore. As you mentioned, this is a very rare case, singapore prides itself on its squeakyclean governance and squea kyclean governance and pays squeakyclean governance and pays its ministers very high salaries, and some of them earn more than 700,000 us dollars per year and lawmakers justify it by saying that that deters corruption. Of course there are many questions around what exactly happened and we will have to see exactly what the prosecutors have to say or prove in order to make their case. Turning to artificial intelligence which is set to upend all parts of our lives, including work. The software used by employers to run their hr functions from payroll to healthcare is having ai put into it. The bbc*s michelle fleury has been speaking to the boss of workday, one of the world's biggest providers of hr software. He explained why an investment in workday should be seen as an investment in al. We are now using ai we are now using al to drive massive gains and recruiters. By massive gains and recruiters. By using ai, recruiters, witches one of your most expensive things in hr, we can sew a 20 or 30 or 40% productivity gain in recruiting. Productivity gain in recruitina. . recruiting. How do you make the arc ument recruiting. How do you make the argument to _ recruiting. How do you make the argument to them, _ recruiting. How do you make the argument to them, don't recruiting. How do you make the argument to them, don't go argument to them, don't go direct and by the ai tool yourself, but use our ai enhanced product? yourself, but use our ai enhanced product? you can go and buy all enhanced product? you can go and buy all of enhanced product? you can go and buy all of the _ enhanced product? you can go and buy all of the ai _ enhanced product? you can go and buy all of the ai tools enhanced product? you can go and buy all of the ai tools you | and buy all of the ai tools you want but what is the data you are using to train the models and does it have context for what you are trying to surface up. For hr and finance we have the data. No one else has it. You are training these models, these large languid models, the better the data and the better results you will get. The out ut results you will get. The output of _ results you will get. The output of your _ results you will get. The output of your ai results you will get. The output of your ai is results you will get. The output of your ai is only | results you will get. Tue: output of your ai is only the goodis output of your ai is only the good is the data you are training. Good is the data you are training good is the data you are trainina... training. There is another issue i hope _ training. There is another issue i hope you training. There is another issue i hope you could. Training. There is another. Issue i hope you could weigh training. There is another issue i hope you could weigh in on which was the return to work. Amazon is the latest global company to ask its employees to return five days a week. What is your view that issue? ~. week. What is your view that issue? ~. . week. What is your view that issue?. . _ issue? we have a policy where we ask an _ issue? we have a policy where we ask an employee _ issue? we have a policy where we ask an employee if issue? we have a policy where we ask an employee if they issue? we have a policy where| we ask an employee if they are close enough to when assigned office to be in the office 50% office to be in the office 50% of the time any even quarter over a threemonth period and it's been wildly successful. We believe it gives employees the flexibility to work remote when needed but we think it is a super important that employers engage one another and employ engage one another and that is how you get mental ship and grow careers, so getting them back to the office was really important to us. mental ship. Later on tuesday, a senior executive at crowdstrike will face questions from the us congress about the company's disastrous software update injuly, that caused the largest global it outage in history. It affected millions of computers running the microsoft windows operating system around the world. According to one estimate, the disaster cost top us firms more than 5 billion dollars. The bbc*s technology editor zoe kleinman looked at the effects of the outage. Thousands of flights grounded, doctors' appointments cancelled, tv channels falling off air the it outage felt around the world injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers around the world were disabled after a cyber security company called crowdstrike sent out a corrupted software update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to. . . ? we're going to disneyland right now. Jo and her children were among the thousands affected by the chaos. Jo managed to get money back for the cancelled flights, but she lost almost 1,000 on her disneyland tickets. 13 hours, we have waited. Each month, ifound myself, like, skint because i'm putting away, like, 328 each month of my wage. And i'm not full time, i'm only part time. . . That's a lot to save, isn't it? so how did this happen? it's a tale of two glitches. Crowdstrike says it did have a system in place to make sure its updates worked properly before it released them, but a glitch in that system meant it didn't pick up another glitch in the update itself. And we all know what happened after that. As you'd expect, the company now says better testing and checks will help in the future. Tough questions are expected for crowdstrike later today, when one of its bosses will be grilled by us lawmakers in congress. The key answers that we need from this hearing is, firstly, confirmation of the technical detail of what went wrong. Secondly, what was the failure in process here? has a failure of process been identified? and if so, thirdly, what has changed since? and what are crowdstrike going to do to prevent this going wrong in future? it may seem shocking that a company many people had never heard of could cause so much chaos, but it's also a reminder ofjust how fragile digital life can be and how little control we have over the tech which drives it. Zoe kleinman, bbc news. Us billionaire dan friedkin has agreed to buy everton football club. The deal which gives him a 94 percent stake in the club is still subject to regulatory approval. |t will make everton the 10th premier league team to come under american ownership. And that's it for this edition of business today. Thanks for watching. Hey, i'm ruby with the catchup. Tonight, zombie knives, a weather warning and a capybara reunion. Crimes involving swords, machetes or zombie knives have almost doubled in five years, according to new figures. Some of those weapons are set to be banned in england and wales from tomorrow. We spoke to matthew, a 20yearold, who said that buying a zombie knife is as easy as getting a takeaway. He got his first knife when he wasjust 16. If you've got a bigger weapon, you've got more of a chance. If my knife is bigger than theirs, i'm going to win. If you have a flick knife and someone pulls a rambo out on you, then you're going to be thinking, then why don't i get a bigger one? you know what i mean? some other news 110w. The chancellor's been giving a big speech in liverpool about the government's plans for spending, but it was interrupted by a heckler in the audience. Here's what happened. They paid the price for their incompetence, their dishonesty and their rulebreaking. . . Shouting well, in her speech, she said that there would be no return to austerity that's when the government adopts strict measures to cut down on spending. The met office have issued an amber weather warning for heavy rain in parts of central and western england, following big floods in parts of the country. And if you've ordered a domino's pizza recently, you might have noticed that the garlic and herb dip isn't available. It's been taken off the menu after traces of peanuts were found. Domino's say they're working on it, though. And time now for ten seconds of a capybara reunion. The world's most highprofile rodent is settling back in with her family after going on the run from a shropshire zoo. You're all caught up now. Have a good night. Hello and welcome to sportsday. I'm sarah mulkerrins. Here's what's coming up: a new era beckons for everton, as an american investment group agrees to buy the premier league club. Fears for rodri, with reports emerging of a potential seasonending injury for the manchester city midfielder. And we hear from the british journalist who wasn't allowed to cover the heavyweight title fight at wembley after criticising saudi arabia's involvement in the sport. You're very welcome along to the programme, wherever you're watching around the world. After one of the most turbulent years in the club's history, there is finally some good news for everton. It was just over 12 months ago that the owner farhad moshiri agreed to sell his 94% stake. But as the first takeover stalled and eventually fell through, two separate points deductions for financial breaches followed, leaving the team facing another potential relegation battle. They avoided that, but two more potential investors came and went over the summer, and the team have now made their worst start to a season since the 19505. But the club picked up its first point over the weekend, it has now emerged that one of those summer suitors was back and a deal has been agreed, so if it passes

© 2025 Vimarsana