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tv   World Business Report  BBC News  April 1, 2024 11:30am-11:46am BST

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to president erdogan. the rise of hands—free driving. can we trust the tech? welcome to world business report. we start in turkey, where results in local elections have dealt a surprising blow to president erdogan and his governing ak party. the main opposition party is claiming victory after voting in 81 provinces. the economy was a major issue for voters with inflation close to an eye—watering 70%. victoria craig is a journalist in istanbul and describes the reaction on the ground. pure jubilation in the streets of istanbul last night. i mean, i only got about two hours of sleep because i was out trying to talk to as many of them as i could outside the metropolitan municipality building. that's where mayor ekrem imamoglu will govern and continue to govern.
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people just overwhelmingly happy. his supporters at the huge election win that he pulled off. with more than 99% of the ballots counted this morning. his win stands at 11.49% over his main akp rival. and so people you know, i was talking to them and so many people, interestingly, you know, are excited, didn't want to go have their voices recorded. but many people saying that this marks really a turning point for istanbul and they say for the country, because this shows that mayor imamoglu could stand potentially against president erdogan if there are a number of constitutional changes or whomever he might face, whatever akp candidate as president. but people saying the economy is far and away the biggest concern and this, they hope, marks a turning point to fixing that and making their living situations easier. the long awiated arrival of self—driving cars appears to be hitting some speed bumps. it turns out they're much harder
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to introduce than expected. so we're seeing more hands—free driving systems on our roads instead. most major car makers offer them — but is hands—free driving safe? michelle fleury reports from new york. the road to the cars of the future is bumpier than we thought. one stop on thatjourney is hands—free driving. i think this is my ride. hello. are you cody? michelle. nice to meet you. i got to see gm's super cruise in action out on the roads of new york city. so we're turning on super cruise. we have a green indication on the wheel and we can take our hands off the wheel. tech that literally takes the driving out of your hands. it's especially nice on long road trips, you know. so that was fun seeing the system in action. but there are so many words out there at the moment, like driverless, autopilot, hands—free.
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and it's sowing a lot of confusion in the minds of the public. these are not self driving vehicles. these are partial driving automation systems that are intended to assist you and make some of the driving a little more convenient. new testing by the insurance institute for highway safety found that many of these hands—free systems aren't doing enough to monitor drivers�* behaviour. the findings were a little disappointing. out of the 14 systems we tested, 11 of those received poor ratings from us. a couple of miles uptown is the new york auto show, one of the industry's great display of its ideas for the future. none of the brands here earned a top rating. only one got an acceptable score. the lexus team—mate. growing concerns over these systems led to this exchange with the head of america's travel safety regulator. if it's only designed to be operated in a certain type of environment, it should be limited
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to those environments. to raise awareness general motors has launched a public education campaign. the us car giant wants to make it clear to drivers what is and isn't allowed when driving hands free. we want to gain their trust and their confidence in the system, so we don't want to outpace them to where they don't trust the technology. the technology is meant to support the driver and prevent car crashes and injuries. an ambition that won't be realised if the humans behind the wheel become distracted. michelle fleury, bbc news, new york. mehmet kerem coban is from soas at the university of london. what do these results tell us? an what do these results tell us? in unexpected probable defeat of
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president ed or gan�*s party. it seems the local election as a reaction to the economic policy. —— president erdogan. the economy, an important factor in these elections. what is holding back the economy? it is these elections. what is holding back the economy?— these elections. what is holding back the economy? it is a very long histo . back the economy? it is a very long history- you — back the economy? it is a very long history- you can — back the economy? it is a very long history. you can take _ back the economy? it is a very long history. you can take it _ back the economy? it is a very long history. you can take it back - back the economy? it is a very long history. you can take it back to - back the economy? it is a very long history. you can take it back to the| history. you can take it back to the early 2000s. the neoliberal regime has been institutionalised in the country. the country has been in this slow motion crisis since 2013, since the quantitative easing policy
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was reversed all around the world, and then the country has been dependent on capital inflows. 0nce dependent on capital inflows. once the government tried to shift exports towards domestic production and exports rather than attracting capital imports, through low interest rates, and the result was a hike in the inflation rate. and all this erosion is now felt more and more among the councils especially. this is the finance minister today, promised to continue with reform started last year. imilli promised to continue with reform started last year.— started last year. will those reforms work? _ reforms work? they are trying to cure and revive economic growth by paying higher interest rates on savings. what i am
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expecting, the government cannot revive economic growth by injecting more liquidity through loans, for example. 0r more liquidity through loans, for example. or it does not have flexibility in its fiscal policy side, given the energy shock. huge subsidies covered by fiscal policy. the government needs to manage this transition very delicately. will this rebuff at the polls tie his hands as to what you can do in terms of reforms?—
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it was reflected in the polls, will probably continue as such. the boss of japan's nippon steel has defended plans to buy america's second biggest steel producer. the deal to buy us steel was agreed in december, but the white house says the company should stay in domestic ownership. the japanese firm is calling for its roots in the united states to be recognised. here's our business reporter, david waddell.
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some months you rob peter to pay paul. i am some months you rob peter to pay paul. iam not some months you rob peter to pay paul. i am not the only one who is struggling. thousands of people are struggling. thousands of people are struggling. hopefully, fingers crossed, things will start coming down now, which will make it more
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manageable with everything. manageable because today the cost of each unit of gas and electricity has come down. energy prices are at their lowest level for two years. at their lowest level for two years. at the same time some government support is being wound down, and other bills, water, council tax, phone and broadband, are on the way out. financial pressures are not over, theyjust look a bit different. that will pay for itself on the energy saving. that will pay for itself on the energy saving-— that will pay for itself on the energy saving. that is why this former mining _ energy saving. that is why this former mining community - energy saving. that is why this former mining community as l energy saving. that is why this i former mining community as part energy saving. that is why this - former mining community as part of a project feeling good habits to save energy and money. if you use more energy and money. if you use more energy you pay more. so sealer, says simple tips are best even at this time of year. simple tips are best even at this time of year-— simple tips are best even at this time of year. hot water setting, if it is too hot _ time of year. hot water setting, if it is too hot to _ time of year. hot water setting, if it is too hot to wash _ time of year. hot water setting, if it is too hot to wash your - time of year. hot water setting, if it is too hot to wash your hands i it is too hot to wash your hands with your boiler is too high. drafts from the chimney, windows, doors, manage those drafts. your showers. you need to stick to four minutes.
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that the £70 per yearjust on water and electricity that you would see. 0ur water charity has even compiled a four—minute song playlist, keeping people here and around the country to time, and theirfinances on people here and around the country to time, and their finances on song. that was a report there on the uk energy regulators new three month price cap. manufacturing activity in china expanded for the first time in six months according to official figures. the crisis in the property sector still remains trapped on the's second biggest economy. at&t has brought in a expert to
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investigate. hong kong saw a drop in cargo volume in 2023 as it lost out to rivals in mainland china and south—east asia. biggest percentage drop in one of the world's biggest ports. hong kong used to be the busiest port in the world that has now slipped to tenth place. that is it from ours. you can keep up—to—date with as on the bbc website. i will be back in a couple of hours.
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hello from the bbc sport centre. arsenal have shown they're a much tougher team than they were 12 months ago as they held the premier league champions manchester city to a nil
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nil draw at the ethiad. the highly—anticipated clash at the top of the table failed to live up to the hype, but a year ago the gunners crumbled in the corresponding fixture and their title hopes melted away. city have scored in their previous 57 home fixtures, and mikel arteta hailed his team's resillience in stopping them. you need big performance, and defensively as well, at the etihad you have to be at your best. 2021, the last time that they have not scored our goal here at the etihad. that is the level that they have. the big winners in the title race were liverpool who are two points clear of arsenal at the top of the table after beating brighton. it was far from easy — they went behind in the 87th second when danny welbeck scored. but goals from luis diaz and mo salah secured the three points. there was added intrigue to the match as the brighton head coach, roberto de zerbi, has been linked with the liverpool job whenjurgen klopp leaves at the end of the season. klopp is certainly a fan of the way brighton play.
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