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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 carfirms, 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 and deciding where to invest to build key components for future green technology. massive handouts from the us government had changed the game. this isjohn neill he runs unique part which makes parts for every major uk calm and extra is worried. the americans calm and extra is worried. the americans are calm and extra is worried. tue: americans are redefining calm and extra is worried. tte: americans are redefining the ....
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 wo ....
in the past hour we have just had an update on some important data. they show the world s biggest economy is still growing but more slowly than first thought. the first three months of this year the us economy grew by 1.1% months of this year the us economy grew by1.1% and months of this year the us economy grew by 1.1% and that is on an annualised basis with consumer spending still remaining pretty strong but many analysts have been expecting today s figure to be closer to the 2% mark with all of this of course adding to fears that the american economy is running out of steam so let s get the thoughts of steam so let s get the thoughts of samir hussein, our north american business correspondence standing by new york and that is the question, isn t it. is this just a temporary blip or are we on a longer term slowdown? because we have talked a lot about the us avoiding recession. this will be welcome news. they can certainly not. this demonstrates the us economy is certa ....
this is bbc news. our main headlines. outlines the end of sudan s ceasefire. china accuses the us of causing confrontation after agreeing a deal with career. ukraine could have more landmines than anywhere else in the world. and jerry springer known for his raucous talk shows has died at the age of 79. we will have more on all of those at the moment. sports news first. bbc sport centre. we can start with three premier league matches to look forward to that could prove decisive at both the top and the bottom of the table as the race for survival in champions league places at the finishing line in sight. third placed newcastle face everton who dropped into the bottom three last night after nottingham forest s win. there is also south coast derby with trouble for st mary s to play southampton and fourth place manchester united went to tottenham to play spurs against anotherjudgment under against another judgment under another caretaker against anotherjudgment under another ....
Starting a fight with one of the state s biggest employers and taxpayers comes with a cost. of which this lawsuit may only be the first. let s get some of the day s other news now. samsung electronics says profits were down 95% year on year in the three months to march the lowest quarterly profits in 1a years. it s been hit by a slump in demand for tech devices triggering record losses at its computer chip division the white house says a republican backed bill to raise america s borrowing limit but only with deep cuts to public spending has no chance of becoming law. the bill narrowly passed the house of representatives on wednesday. the us will reach its debt ceiling of $31.4 trillion dollars in a matter of weeks, raising fears it could default on its debts. coming up the uk blocks microsoft s $69 billion takeover of games giant activision. we ll be finding out why. ....