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BBCNEWS World Business Report July 6, 2024

so we start in the us, where, as you ve been hearing, the world s biggest entertainment company, walt disney, is axing 7000 jobs as part of a cost cutting drive. it comes as the company revealed the first fall in subscribers to its streaming service, disney+, since it was launched more than three years ago. veteran ceo bob iger has returned to run the company again after its shares lost almost half their value last year, as michelle fleury reports from new york. this is ceo bob iger s first set of results since returning to the company in november, attempting to revive the storied brand and cement his legacy, he said disney was embarking on a significant transformation, putting creativity at the heart of everything it does, while announcing the elimination of 7000 jobs as it seeks to trim costs by $5.5 billion. his comments point to the future, but results showed the mouse house performed better across a number of areas in the last months, compared to the dismal showing ....

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BBCNEWS World Business Report June 4, 2024 05:40:00

Revenue a year. these are high stakes, markets are high sta kes, markets are looking high stakes, markets are looking closely, and this kind of own goal from google looking closely, and this kind of own goalfrom google is exactly what they didn t want. james clayton, there are. there. let s go to asia, now, where we are expecting results from the world s top carmaker toyota and its rival nissan. toyota wears the crown in the global car industry in terms of numbers it sold $10.5 million vehicles last year butjust a fraction of those some 25,000 were fully electric. and there are worries the company is falling behind in the transition to zero emission cars. let s talk to giacomo rossi, who looks at transport for the consultants frost and sullivan in milan, italy. a warm welcome to you. toyota s numbers are just out and, you know, it did pose a surprise, a 22% rise in third quarter operating profits. good news, but there is concern about its ....

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BBCNEWS World Business Report June 4, 2024 05:39:00

To chatgpt, which is the chatbot that microsoft is using in its search engine bing. google are really worried. clearly, you would have thought, they would be checking promotional material, factually. but that hasn t happened in this process and that really displays that google are panicked, rushing material out, and i m told that managers have said it is code red in google right now. and the reason for that is 90% and over of all searches in the world are on google. being, microsoft s search engine, has about 3%. bing. for each percentage of market share that microsoft can get of google is worth about $2 billion of ....

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