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tv   Business Today  BBC News  May 8, 2024 5:30am-6:01am BST

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and we start with toyota, the world's biggest carmaker by sales. it is poised to reveal how well it is doing with its latest quarterly financial results with analysts expecting revenues in the region of $67 billion. when koji sato became chairman a year ago he promised the company would finally embrace electric vehicles, but with global demannd of evs easing, the company continues to prioritise hybrids. more challenges followed, including multiple probes relating to historic regulations, several scandals, and intense competition from china. it is tough at the top. let's get the view of a big investor in toyota, masaki taketsume is a fund manager of schroder japan trust. welcome to the programme. what are you hoping to hearfrom toyota today? in
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are you hoping to hear from toyota today?— toyota today? in terms of earnings. _ toyota today? in terms of earnings, we _ toyota today? in terms of earnings, we expect - toyota today? in terms of| earnings, we expect sweet results but in terms of actual results but in terms of actual result and march 2024, toyota guided roughly 4.2 9 million operating profit but we expect them to exceed that profit. in terms of this fiscal year guidance for march 20 25, i would not be surprised if they provide a full—time earnings, and that is something we are expecting for the result, under guidance. i koji sato has been in the chairand guidance. i koji sato has been in the chair and the chief executive chair for over a year. executive chair for over a ear. ., ., , , executive chair for over a ear. ., . ,, , ., executive chair for over a ear. ., ., _ , ., ., year. how easy performing and what are people _ year. how easy performing and what are people saying - year. how easy performing and what are people saying about l what are people saying about him as a leader of toyota?
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managing toyota, doing quite well to sustain stable unit growth and earnings growth and continuing to gain a market share. furtherthere continuing to gain a market share. further there is not a huge change in strategy this year but a good, natural progression for the strategy, he has been holding. figs progression for the strategy, he has been holding.- he has been holding. as you mentioned, _ he has been holding. as you mentioned, will— he has been holding. as you mentioned, will be - he has been holding. as you mentioned, will be getting l he has been holding. as you i mentioned, will be getting the numbers from toyota within 30 minutes i will speak to you later when we get the results. thank you for the analysis now. a big story having impact on young people. tech firms are being told they must do more to protect children online. 0fcom — the uk regulator — says they must "tame toxic algorithms" and has outlined more than 40 practical steps
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that services must take to keep children safer. they include robust age checks to prevent children seeing harmful content and such material must be filtered out or downranked in recommended content. so, how ground—breaking is this, and what are the implications for tech companies? dr sam fowles is a barrister specialising in this sector. good to have you on the programme. we are talking about 40 new steps that tech firms have to adhere to. what does this really mean in the law? does this really have teeth? yes, potentially, is the answer. the 0nline safety act, passed last year, that puts quite a radical duty on tech companies who have always said we are just publishers are not responsible for content of what
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is on the platform. the 0nline safety act says with respect to children, now you are, you have a duty to protect children. however, that duty was quite broad. it did not have much detail. the code is put more flesh on the bones of that. the code is essentially 0fcom saying, this is what compliance with your legal duty looks like. even though the court is not enforceable in of itself, it shows you how to comply with the legal duties up, under the 0nline safety act to protect children. it 0nline safety act to protect children. , , children. it is interesting that some _ children. it is interesting that some of _ children. it is interesting that some of the - children. it is interesting that some of the leading j that some of the leading campaigners who have been looking to try to protect children, parents who have lost children, parents who have lost children, sadly, in circumstances linked to harmful content online, are saying this is just not strong enough, the reaction of 0fcom in terms of the steps they are taking. yes. i think the _ the steps they are taking. yes. i think the criticism _ the steps they are taking. yes. i think the criticism that - the steps they are taking. yes. i think the criticism that is - i think the criticism that is being made of it is that it is
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all a bit surface level. 0fcom are targeting the right areas, they looking at age checks, whether the algorithms recommend harmful content, and they looking at content moderation. however, the core problem seems to be though not a technological problem, but a business problem. the business problem is the way that algorithms work in these sort of sites, they want to get you hooked and draw you in. they do that by recommending more extreme or intensive content in the area you are interested in. if you are interested in football, they will offer you more and more intense football content. fine if it is football but more of a problem if it is something harmful and that is what parents are worried about. very quickly in summary, tech
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companies, the likes of meta and tick—tock, will it change behaviour — — tiktok, will it change the behaviour of what kids see? it will have to change it to certain extent but the question is how tough 0fcom will be in enforcing this. 0fcom has them trump towers. they can fine up to 10% of global turnover but the question will be will they use the powers and —— 0fcom has 10% of turnover powers. the powers and -- 0fcom has 1096 of turnover powers.— of turnover powers. more of that online. _ let's get some of the day's other news now. a nationwide issue which caused huge delays at passport e—gates has been resolved, the home office has said. airports including heathrow, gatwick, edinburgh, birmingham, bristol, newcastle and manchester all confirmed a border force problem was causing delays with arrivals late on tuesday. apple has announced
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a new line—up of ipad tablets with a powerful ai chip, called the m4. the new devices are the company's first ipad release in two years. that's the longest gap in ipad releases since they first launched in 2010. apple is expected to make a series of more ambitious ai announcements at its worldwide developers conference next month. meanwhile, the us has revoked export licences that allow companies to ship goods, including advanced semiconductors, to the chinese tech company huawei. the move follows the release last month of huawei's first ai—enabled laptop, the matebook x pro, powered by an intel processor. republicans in congress have been urging president biden to take tougher action to reign in huawei. the short video app tiktok has filed a lawsuit in the united states aiming to block a law that could ban it in the us. the social media platform described the legislation as an "extraordinary intrusion
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on free speech rights". michelle fleury is in new york for us with the latest. tiktok is hugely popular in america. 170 million people use the platform to communicate in america. lawmakers are not very keen. congress and the biden administration believe the app and the chinese owners bytedance could be a danger to national security. the argument goes that beijing could manipulate americans and derail them. they have given the company the day before the next us president takes office, january temporary 20, to sell or face january temporary 20, to sell orface a ban in the united states. tiktok is fighting back, challenging the constitutionality of the new law arguing in its legalfiling for the first time in history, congress has enacted a law that subjects a single named speech platform to a permanent nationwide ban. the company also says it is not possible
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legally, technically, or commercially to divest in that timeframe. part of the challenge is that with a billion users worldwide, a lot of its content is available across borders, making it all harder to armpit. the us justice department declined to comment but this is what white house press akrotiri karine jean—pierre said when asked why joe biden relates that to his presidential campaign. campaign have to speak— presidential campaign. campaign have to speak that _ presidential campaign. campaign have to speak that themselves i have to speak that themselves but we have been clean what this law is not a ban, it is our divestment.- this law is not a ban, it is our divestment. ~ our divestment. the tiktok ceo, who appeared — our divestment. the tiktok ceo, who appeared with _ our divestment. the tiktok ceo, who appeared with his _ our divestment. the tiktok ceo, who appeared with his wife - our divestment. the tiktok ceo, who appeared with his wife at. who appeared with his wife at the met gala last night, is hoping tiktok�*s other recent first amendment victories in the us, like blocking the state of montana's bid to ban it will help her prevail again. 0utside help her prevail again. outside the courts, it's best hopes in a general election year is the
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donald trump to retake the white house, given that one of his big backers in a major republicanjonah, jeff yes, is republican jonah, jeff yes, is also republicanjonah, jeff yes, is also a tiktok investor. let's now focus on the walt disney company. it has recorded its first quarter of profitability in its streaming division after years of losses saying it has added six million new subscribers to disney+. but, overall, the entertainment giant reported a loss of $20 million in its second quarter, more than explained by a $2 billion write—off in india. to boost profits, disney is rolling out a crackdown on password sharing — something implemented successfully by netflix. live now to tom stevenson, investment director at fidelity. good to see you, tom. how are things in the magic kingdom for disney? it has been a torrid
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time for several years, with bob iger going and coming back, where is it at right now? like everyone _ where is it at right now? like everyone else _ where is it at right now? like everyone else in _ where is it at right now? like everyone else in the - everyone else in the entertainment business, disney is going through quite a difficult transition and the focus of that you have mentioned is the shift from the cosy world of cable subscriptions to the much more competitive and low margin and hungry world of streaming. i say hungry, it is a hungry beast, you have to keep feeding the streaming service with new content and you have to keep growing subscribers. this is the challenge for disney. it is moving from the old world profitable world to a new competitive world. good news in these results, as you say, the core disney plus streaming service and hulu, its smaller partner, is back in profitability but what the market did not like an this caused a big fall in the share
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price yesterday, was the guidance for future quarters was a bit soft. that is what the company is looking for. you're absolutely right. there has been a very painful bordering battle with the activist investor nelson peltz, disney won that and now it has to prove it can get back to profitability on a sustainable basis. that is what the market is suspicious about, it is not sure it can make that transition. i sure it can make that transition.— sure it can make that transition. , , , , transition. i guess it is they watch this _ transition. i guess it is they watch this space _ transition. i guess it is they watch this space scenario. l transition. i guess it is they| watch this space scenario. a lot of the unknowns, one of them being the pandemic and the impact on the theme parks, which has been through a really difficult phase. is it a wait and see approach now because the big challenge is some of them have been sorted out. streaming is one big challenge. the second is the transition,
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how to navigate the transition from the pandemic. everything shut down in the pandemic. then there was a return to normal life, if you like, and people started going back to the theme parks. that is now beginning to slow down in the company reference that in the results yesterday, saying there is a slowdown in activity, people going to theme parks and resorts. the third challenge for disney is what happens after bob iger? he has already retired and come back out of retirement to manage this transition for the company but he is 73. he cannot go on forever. the big question is who takes over from him? succession, as we all know too well. have a good week. around the world and across the uk, this is bbc news.
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artificial intelligence lacks the humanjudgement skills needed to set interest rates — that's according to the head of the monetary authority of singapore. he said al was being used in areas such as fraud detection, but also that it was not at a stage to "supplant human judgement". live now to monica miller in our asia business hub. i would imagine jerome i would imaginejerome powell and christine lagarde breathing and christine lagarde breathing a sigh of relief?— a sigh of relief? central banks really need — a sigh of relief? central banks really need to _ a sigh of relief? central banks really need to figure - a sigh of relief? central banks really need to figure out - a sigh of relief? central banks really need to figure out what | really need to figure out what to do with this technology, there are pros and cons. as you described, the head of the central bank had raised concern that al does lack human judgement skills on things particularly like interest rates. there is a great deal of judgement involved, human understanding of behaviour and trying to figure a path forward for how did deal with something
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like the cost of living? they also raised concerns about al also raised concerns about ai will get into the wrong hands and be used by cyber criminals looking to launch attacks from the system. again, while there are plenty of dangers here, the panel at this conference in switzerland also said they agree there are great benefits when it comes to the advancements of ai and that is currently being used in some economic models as well as areas to detect fraud. thank ou areas to detect fraud. thank you very _ areas to detect fraud. thank you very much _ areas to detect fraud. thank you very much indeed. - you very much indeed. interesting. we will keep an eye on that. to finland now, where one city is on an ambitious path to become carbon neutral. home to 120,000 people, lahti was once a polluted industrial town, but over the past couple of decades, it's transformed itself. three years ago, it was named europe's �*green capital'. the city runs more than 100 different environmental initiatives, and central to its work has been the involvement of local institutions and community. adrienne murray has been to lahti to find out what lessons other cities can learn. warming upfor warming up for another big game. it's notjust goals that
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the pelicans want to score, the ice hockey team of lahti is trying to go green, it uses renewable energy in this arena and the team travels on a biodiesel fuel bath. we are auoin biodiesel fuel bath. we are going zero _ biodiesel fuel bath. we are going zero and _ biodiesel fuel bath. we are going zero and we - biodiesel fuel bath. we are going zero and we would i biodiesel fuel bath. we are i going zero and we would like biodiesel fuel bath. we are - going zero and we would like to going zero and we would like to go even below. even negative. the biggest reason why we started the project, we want to show the way how to do things better stop by their efforts have helped to win sponsors and also influence the fans. when we started, people can buy their own car but nowadays they change their habits. lahti their own car but nowadays they change their habits.— change their habits. lahti was once a polluted, _ change their habits. lahti was once a polluted, industrial- once a polluted, industrial city but over the years it has transformed itself and it is forging a greener future. getting rid of coal was a major step. this plant supplies citywide electricity and heating using woodchips from forestry and household. if heating using woodchips from forestry and household. it are forestry and household. if we look back _ forestry and household. if we look back at _
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forestry and household. if we look back at 2000, _ forestry and household. if we look back at 2000, the - forestry and household. if we look back at 2000, the total| look back at 2000, the total emissions were over1 million tons of c02 annually. 2020, that was reduced to close to 100,000 tons. a huge reduction, over1 million tons within 20 years. over1 million tons within 20 ears. �* . , , over1 million tons within 20 ears. �* . , . , years. across the city, there is cleaner — years. across the city, there is cleaner public— years. across the city, there is cleaner public transport, i is cleaner public transport, like electric buses, bike sharing and lots of cycle paths. even the orchestra is tracking its footprint and aims to be carbon free. reuse and recycle rates are also high and a big part of the workers engaging the local community. though take—up has been mixed, apathy have been tested out to encourage users to live more sustainably. this resident says she tries to make sustainable choices. i she tries to make sustainable choices. , , , ~ she tries to make sustainable choices. , , , ,, ., ., choices. i use my bike more or less every _ choices. i use my bike more or less every day. _ choices. i use my bike more or less every day, even _ choices. i use my bike more or less every day, even in - choices. i use my bike more or less every day, even in the - less every day, even in the snow. i tried to eat more vegetarian food. i don't remember when i flew for my
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holiday last time. i'm a better person when i am environmentally conscious. heating, transport and food are among the biggest areas to tackle however some habits are hard to change, like steering drivers away from petrol cars. translation:— translation: still, it is aimin: translation: still, it is aiming to _ translation: still, it is aiming to be _ translation: still, it is aiming to be among - translation: still, it is aiming to be among the | translation: still, it is - aiming to be among the first cities to become km —— carbon neutral. we have been able to cut 64% of our c02 neutral. we have been able to cut 64% of our co2 emissions were our target is to cut 80% and compensate the rest. we will not be able to make it in 2025 but by 2026, 27 or 28 is possible. 2025 but by 2026, 27 or 28 is ossible. , , , , possible. there is still plenty more to do. _ possible. there is still plenty more to do, of— possible. there is still plenty more to do, of course, - possible. there is still plenty more to do, of course, but i possible. there is still plenty more to do, of course, but a| more to do, of course, but a greener future more to do, of course, but a greenerfuture is one more to do, of course, but a greener future is one goal that lots of people can get behind. in india, the supreme court has ruled that liability for misleading advertisements
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must be carried notjust by advertisers and companies, but also by those celebrities and influencers who are endorsing them. from delhi, the bbc�*s arunoday mukharji has more on the court's decision. expressing concern about the risks of misleading and deceptive ads, the supreme court has suggested some precautionary steps asking advertisers to fill out a self declaration form, uploaded to a portal and share it with authorities. the supreme court has held accountable several government ministers asking them to respond to the court about what action they have taken about any complaints about misleading and deceptive ads. before the hearing that is supreme court also cautioned f mcg companies over advertisements that put up where they claim the products can kill certain illnesses. the issue of misleading and deceptive ads have been dominating indian headlines for
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a while now, ever since the supreme court pulled out a very popular yoga group with millions of followers and a business empire, asking him to apologise for misleading ads. in fact, the guru had to put ads on a paper saying sorry for misleading advertisement saying his products could cure ailments, especially during the covid pandemic. these observations by the supreme court are a caution and warning to the entire advertising industry in the country. arunoday mukharji, bbc news. the olympic flame for paris 2024 will arrive on french soil today after completing its mediterranean crossing brands are queuing up to associate with the olympics and the paris games. it will be a premium sponsor of the summer games. million euros into the olympic and paralympic games,
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the biggest sponsorship commitment of any company at this year's games. live now to misha sher, global head of sport, entertainment & culture at essencemediacom. good to have him on the programme! why is this so lucrative, the olympic games, talk us through this as a marketing opportunity. there are not many _ marketing opportunity. there are not many events - marketing opportunity. there are not many events or- are not many events or opportunities for global companies or companies anywhere to connect with a truly iconic global event. we look at the way that media is today, it is so disjointed. the olympic games remains, and the world cup, are the only events that bring people together and associated with unity, excellence, sportsmanship and these other kinds of brand
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attributes that every company wants to be associated with so it has a huge pulling power. lvmh has deep pockets. not surprisingly it will be investing in these games, taking place in paris? lilo. investing in these games, taking place in paris? no, not surprising _ taking place in paris? no, not surprising at _ taking place in paris? no, not surprising at all. _ taking place in paris? no, not surprising at all. paris - taking place in paris? no, not surprising at all. paris is - taking place in paris? no, not surprising at all. paris is one | surprising at all. paris is one of the most iconic cities on the planet and lvmh is one of the planet and lvmh is one of the most iconic companies and most iconic french companies, is a little surprised they were very, very involved in the bid for the games and since the games were awarded to paris, been heavily involved in the way the games will be carried out, through providing uniforms, through louis vuitton, dior, but luthi is sponsoring athletes, providing spirits in hospitality areas, hennessy wines and spirits, creating medals and another
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area, you will see their brands everywhere in every part and fabric of these 0lympic everywhere in every part and fabric of these olympic games. putting on a game like this is expensive. we all know it too well, the countries that have hosted the olympic games. sponsorship is such a lucrative deal, such as 150 million euros is critical, isn't it? absolutely, very expensive to put the games on. the whole city relies on sponsors and global sponsors and many of the locals, there are different tiers, but many of the local companies to come on board and support in any way they can and they often do. it is little surprise that lvmh is got involved because it has a legacy of being such a big part of the olympic games. little surprise they want to be part of notjust surprise they want to be part of not just showing surprise they want to be part of notjust showing the best of france but making sure the games leave a legacy. thank you
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for tellinu games leave a legacy. thank you for telling us _ games leave a legacy. thank you for telling us your _ games leave a legacy. thank you for telling us your thoughts - games leave a legacy. thank you for telling us your thoughts on i for telling us your thoughts on that. really interesting. i'm sure many of us will be glued to the olympic games when they do start later in paris this year. for now, goodbye from me. thank you for your company. have a good day. see you soon. hello. the weather has been gradually drying up over the past 24 hours or so, and we've got some more dry, settled weather on the cards through much of the week ahead, really. high pressure is going to be in charge over the next few days. but for the rest of the week, we will at times see weather fronts just trying to topple across the north
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of that high pressure. could bring a little bit of rain at times across parts of scotland in particular, perhaps the north of northern ireland. but it'll be warming up here. mostly dry elsewhere, though, with some spells of sunshine on the cards. so we are in for a relatively quiet few days of weather. we're likely to start wednesday morning with quite a bit of mist and fog around, especially so for parts of eastern england, also perhaps wales and the southwest of england. could be some misty patches elsewhere. for most, they'll tend to lift and clear, so it'll brighten up. some sunny spells, particularly for england and wales. just the odd isolated shower. more rain moving into the northwest of scotland later on in the afternoon. so temperatures in the northwest, under the cloud, about 13 there for stornoway, but up to around about 21 for the likes of birmingham and london too. so there's that wet weather through wednesday evening. northern ireland, northern and western scotland seeing some outbreaks of rain. further south, most places staying dry, but there should be some mist and some fog that's going to be forming again into the early hours of thursday morning, but certainly mild — many places staying in double figures overnight. so, more of the same on thursday, high pressure still in charge. so a lot of dry weather, mist clearing away gradually. lots of sunshine, i think, for england and wales
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by this stage. there just could be the odd isolated shower. again, a little bit more cloud across the north of scotland. temperatures in lerwick only around 11 degrees, but for the bulk of the uk, we're looking at around about 18—22 degrees. and that warming trend will continue as we head into friday, too. so, high pressure still very much in charge. i think by friday, we'll have less in the way of rain and cloud across the north of scotland, and quite widely across the uk. in those spells of sunshine, temperatures will be above 20 degrees. we could see 23 or even 24 down towards the southeast. again, a little bit cooler, especially across the north of scotland and the northern isles in particular. now, heading into the weekend, it looks like high pressure will be sitting out towards the east there. this weather front will just try and nudge in from the west by the time we get to sunday. but saturday, certainly looking dry, fine, pretty warm for all of us. just that chance of a few showers moving into the west as we head through sunday. bye for now.
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good morning. welcome to breakfast with sally nugent and jon kay. 0ur headlines today... the parents of 11 children, whose deaths were linked to social media, call on rishi sunak and keir starmer to do more to protect young people online. it's so hard. and it's notjust that this content is there, that it's the platforms are promoting this content, their algorithms are suggesting to young people that they see ever more of it.
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it comes as the media regulator, 0fcom, today sets out plans which it says will force tech companies to make their platforms safer. chaos at airports across the country as a failure of e—gates at passport control causes long queues. # i guess i always overestimate you.# and ireland breaks it's eurovision "curse". it's back in the grand final thanks to a self—styled "gremlin goblin witch." in sport... a game away from becoming european champions. how jadon sancho's move from manchester to germany pays off as borussia dortmund spring a surprise to reach the champions league final, ending mbappe and paris saint—germain's hopes of lifting the title. d°99y doggy out their full sun but it should brighten up. in scotland,
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when should arrive later. —— foggy

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