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Transcripts For BBCNEWS World Business Report 20240707



we start in the uk where already this week deals have been done to increase pay for workers at british airways, aldi and uber. aldi is raising the pay of thousands of distribution centre staff by 9% as competition for workers climbs post pandemic with more and more of us ordering our groceries online. british airways check in staff have agreed to a pay settlement that their union says amounts to a 13% pay rise, and uber agreed to raise fares in the uk to boost earnings for its drivers. the rising cost of living and forecasts for soaring winter energy bills, along with a severe labour shortage in some industries is a recipe for higher pay, something the bank of england warned against as it could hamper its fight against inflation. the latest unemployment figures for the uk are out in a few hours time. kate shoesmith is deputy chief executive of the recruitment and employment confederation. good morning. the employment numbers coming out forward june, what will they tell ....

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Transcripts for BBCNEWS World Business Report 20240604 04:54:00

Of what they offer when it comes to subscription services. if you re a one you can add value through great content and increasingly pay up offering a gaming platform as well. if you compare that to you and apple subscription, you don tjust subscription, you don t just get subscription, you don tjust get apple tv, you get apple music, you get apple arcade which is their gaming platform. you get cloud services as well. likewise when it comes to amazon you don tjust get prime video, you get prime music, prime reading and accelerated delivery services. it is a hard environment for both netflix and disney to compete with other strong propositions and offers coming from their big rivals. it offers coming from their big rivals. , ., , rivals. it is really interesting. - rivals. it is really| interesting. we ll rivals. it is really - interesting. we ll keep a rivals. it is really interesting. we ll keep a close eye. matt, thank you. let s see how the asian markets are faring today. they are ....

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Transcripts for BBCNEWS World Business Report 20240604 04:51:00

In the race for subscribers last week, but its subscriber gains have come at a hefty cost, with its streaming business losing $1.1 billion in the quarter. that contrasts with netflix, which lost almost a million subscribers between april and july as more people decided to quit the service. so, what does future of streaming look like? who will the key players be going forward? are platforms such as tiktok the real threat. joining me now is matt boffey, chief strategy and innovation 0fficer at superunion. let s start right there. is tiktok and other similar platforms the real threat here? good morning. ithink platforms the real threat here? good morning. i think the streaming industry in general faces some particularly strong headwinds at the moment. obviously we are now in a post pandemic world. the streaming services themselves have less of a captive audience as we have more entertainment options ....

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