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Apr 25, 2024
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tensions over economic ties have been a flash point between washington and beijing. antony blinken has called for a level playing field for american companies doing business in china. our business reporter this morning monica millerjoins us live from the newsroom. explain to us what mr blinken means by fair treatment for american companies? yeah, well this is the latest _ american companies? yeah, well this is the latest high _ american companies? yeah, well this is the latest high level - this is the latest high level meeting between washington and beijing, officials. and one of the things he did raise concerns is about some of china's business practices, nonmarket practices as well as manufacturing capacities. 0ne manufacturing capacities. one of the things that washington is toying with is the idea of imposing tariffs on products such as electric vehicles which china makes many many of them and their prices are exceedingly low. so having them flood the market would really hinder american car—makers. now, mr blinken met with leaders, business leaders that are par
tensions over economic ties have been a flash point between washington and beijing. antony blinken has called for a level playing field for american companies doing business in china. our business reporter this morning monica millerjoins us live from the newsroom. explain to us what mr blinken means by fair treatment for american companies? yeah, well this is the latest _ american companies? yeah, well this is the latest high _ american companies? yeah, well this is the latest high level - this...
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Apr 26, 2024
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china kicks off its biggest showcase of cars as electric vehicles take centre stage at the beijing auto show. hello and welcome to asia business report. i'm mariko oi. we begin in the us, where two tech giants, microsoft and google parent alphabet, have reported strong first quarter results, with the artificial intelligence boom at the center of it all. erin delmore has the details. among the dozens of companies reporting first—quarter earnings on thursday, alphabet and microsoft took centre stage. both beat expectations on earnings and revenue, thanks in no small part to investments in artificial intelligence. one stand—out spot for alphabet was google cloud revenue, whichjumped 28% in 01. a lot of generative ai tools that rely on the cloud to reach customers. alphabet announced some good news for investors, its first—ever dividend of 20 cents per share, and first—ever dividend of 20 cents pershare, and an first—ever dividend of 20 cents per share, and an additional $70 billion buy—back. that initially sent shares into double digits after the bell. and for microsoft's part,
china kicks off its biggest showcase of cars as electric vehicles take centre stage at the beijing auto show. hello and welcome to asia business report. i'm mariko oi. we begin in the us, where two tech giants, microsoft and google parent alphabet, have reported strong first quarter results, with the artificial intelligence boom at the center of it all. erin delmore has the details. among the dozens of companies reporting first—quarter earnings on thursday, alphabet and microsoft took centre...
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Apr 19, 2024
04/24
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regardless of who is wrong and who is right about beijing's control over bytedance, tiktok is all the rage right now, one of the world's most downloaded apps and its viral videos have captured the short attention span of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. a key member of the federal reserve which says interest rates in america has told the bbc that the us is in no hurry to cut interest rates. the rafael bostic, the president of the atlanta fed, explained explained why to our editor. i've been saying for a long time that i expect the us economy to be strong, to continue to be strong but not quite this strong. it is much stronger and resilient and i've had expected. the one thing that i would add on this is that inflation is still higher than i would like and we need to get inflation all the way down to 2% target. i'm comfortable to taking a little longer for inflation to come all the way down, if we were doing to create a lot ofjobs and i'm not in a rush to get to 2%. the thing that i have to make su
regardless of who is wrong and who is right about beijing's control over bytedance, tiktok is all the rage right now, one of the world's most downloaded apps and its viral videos have captured the short attention span of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. a key member of the federal reserve which says interest rates in america has told the bbc that the us is in no hurry to cut interest rates. the rafael...
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Apr 23, 2024
04/24
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the diplomatic row between beijing and canberra cost australia its biggest overseas wine market. the value of its exports to china fell from more than $600 million at their peak to just under $7 million last year. but here in the hunter valley, there is a determination to try to claw back much of what was lost. a consequence of china's restrictions is a huge glut of wine in australia, estimated to be the equivalent of more than 850 0lympic swimming pools. growers have had to look elsewhere. we have put a bit of effort and time into exploring newer markets, such as vietnam, south korea, india and japan, and i think that has been a silver lining i guess from the stress that these tariffs have put on the australian wine industry. despite the tariffs, overall trade has been growing. china has, for example, still relied on australia for iron ore that's used in steel—making. those diplomatic tensions appear to be easing. the chinese foreign minister, when he came, said the parties should be able to rise above their disagreements, so i think that is really significant. there is goodwi
the diplomatic row between beijing and canberra cost australia its biggest overseas wine market. the value of its exports to china fell from more than $600 million at their peak to just under $7 million last year. but here in the hunter valley, there is a determination to try to claw back much of what was lost. a consequence of china's restrictions is a huge glut of wine in australia, estimated to be the equivalent of more than 850 0lympic swimming pools. growers have had to look elsewhere. we...
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Apr 19, 2024
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it was created in beijing in 2012 and since then, it's become one of the fastest growing companies out of china. and it's precisely bytedance as 0rigin that has us lawmakers worried. they say bytedance is a chinese company and as such, it could be compelled by the chinese government to either give up the data it is on american users or to conduct influence operations among the american public. according to tiktok, it is a myth that bytedance is a chinese company. the company says 6% of bytedance is owned by global edition investors like kialoa group, generalatlantic and group, general atlantic and international group. group, generalatlantic and international group. another 20% is owned by tiktok employees around the world while only the remaining 20% is owned by bytedance chinese founder. still, that has been enough to convince lawmakers and they have at least two other reasons for that. under chinese law, chinese companies, bytedance included, must have an in—house group of employees who are communist party members and there is also a golden share system in place whereby the chinese
it was created in beijing in 2012 and since then, it's become one of the fastest growing companies out of china. and it's precisely bytedance as 0rigin that has us lawmakers worried. they say bytedance is a chinese company and as such, it could be compelled by the chinese government to either give up the data it is on american users or to conduct influence operations among the american public. according to tiktok, it is a myth that bytedance is a chinese company. the company says 6% of...