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Transcripts For BBCNEWS Business 20240702



strong set of earnings after the market close on wednesday. the stock has soared more than 90% this year alone will stop this off the back of enthusiasm that al this off the back of enthusiasm that ai will boost corporate profit. the question is will al s big spenders, the likes of amazon microsoft continue to place orders and drive sales and profit growth? or is that trajectory beginning to ease? wall street is beating the chipmaker will exceed expectations. in other news, pixar animation studios known for producing classic films like toy story, is laying off roughly 14% of its workforce. this is part of broader restructuring by parent company walt disney, and reflects a move away from the production of original content for the disney plus streaming service. instead, pixarwill refocus on feature films. these layoffs follow similar cuts made injune last year. to another big story we have been covering newsday. a singapore airlines flight was hit with severe turbulence c ....

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Transcripts For BBCNEWS Business 20240703



the stock soared more than 90% this year alone, all of this out the back of enthusiasm that al out the back of enthusiasm that ai will boost corporate profits. the question is will the big spenders microsoft, mike amazon micros on. wall street is betting the chip maker will exceed expectations of. chip- maker will exceed expectations of. staying with al. .. several global firms made a fresh pledge at a two day artificial intelligence summit in seoul to develop ai safely. the companies include the us tech giants google, meta and microsoft, as well as asian firms alibaba and samsung electronics. they vowed to ensure the safety of their most advanced ai models with promises of accountable governance and public transparency. this summit in south korea follows an inaugural meeting held in the uk last november. japan is turning out to be a popular tourist pixar animation studios is laying off roughly 14% is of its workforce. as part of a broader restructuring of the pare ....

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Transcripts For BBCNEWS Verified 20240703



military personnel. and we are today here in military personnel. and we are today here in poland with british troops, a monument of your commitment to nato, a monument of your commitment to nato, so a monument of your commitment to nato, so thank you to all of you. prime nato, so thank you to all of you. prime minister, your announcement today prime minister, your announcement today confirms the vital role the uk plays today confirms the vital role the uk plays in today confirms the vital role the uk plays in our today confirms the vital role the uk plays in our alliance. the united kingdom plays in our alliance. the united kingdom will spend 2.5% of gdp on defence kingdom will spend 2.5% of gdp on defence by 2030, allies agreed at a summit defence by 2030, allies agreed at a summit last year that 2% is the minimum summit last year that 2% is the minimum. and once again the uk is leading minimum. and once again the uk is leading by minimum. and onc ....

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Transcripts For BBCNEWS BBC 20240702



entries suggest that sir patrick vallance had said that a number of ministers were trying to in essence use science to make decisions so they didn t have to make decisions themselves, and there isn t a great structure in that. the point of the inquiry is to learn how to make those decisions, should they need to be made again. there are questions for scientists as well. we have heard in this inquiry, back in february 20 20, six weeks before the uk finally went into lockdown, that there were those in downing street, particularly borisjohnson, who maybe were not taking covid as seriously as they might or should duff done considering what ended up happening, so there are questions to the scientists, had you understood the scientists, had you understood the virus sufficiently and should you have worn people earlier? that could have had a different outcome in terms of restrictions being made earlier and different outcomes to what happened. h0??? earlier and different outcomes ....

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Transcripts For BBCNEWS BBC 20240620



interest rates have been held at 5.25% for the seventh time in a row by the bank of england, despite the rate of inflation hitting the bank s target level of 2% for the time in three years. of 2% for the first time in three years. economists have predicted that interest rates, which are currently at a 16 year high, won t be cut until august. with more, here s our chief economics correspondent, dharshini david. ok, so it s four bedrooms. first time buyerjames has his eye on his dream home in coventry. but getting the keys to the door has been more challenging than expected as higher mortgage rates have made the first rung of the housing ladder harder to grasp. we definitely had to make some cutbacks as a couple and look at our financial plan to see if we could afford the mortgage. with the rates being high, we ve had to save for effectively another year to come into line with that. it s also understanding, yeah, the term of the mortgage, you know, from looking at it, it ....

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