BBCNEWS — Business Today 20260915 053000 UTC 477 transcript segments Original Broadcaster Captioning (Enhanced) Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:01] Now on BBC News. The latest [00:00:04] business news from across the globe. [00:00:06] globe. Business Today. MUSIC [00:00:16] MUSIC Bring Bring in the kill switch Jack Clark [00:00:19] Clark co-founder of Anthropic, says says the AI industry needs more control [00:00:23] control as fears continue to grow [00:00:25] grow about its rapid evolution. Also [00:00:28] Also in the programme, the price price of debt. The yield on US Treasury [00:00:31] Treasury bonds hits its highest level [00:00:34] level since 2023, with a fed rate rate hike looming. We'll explain [00:00:38] explain what's at stake and drill, drill, baby, drill. The Trump administration [00:00:42] administration erases gas emission emission limits for power plants, [00:00:45] plants, leaving environmentalists [00:00:47] environmentalists up in arms. Welcome Welcome you with Business Today in [00:00:51] in London with me Sally Bundock. Bundock. So we start with AI and [00:00:55] and this week's storm over threats threats to humanity from artificial [00:00:59] artificial intelligence has centred centred around the US company Anthropic, [00:01:02] Anthropic, its British founder Jack Jack Clark, in his only interview, [00:01:06] interview, has told the BBC the rest rest of the world has to set limits [00:01:10] limits on the speed of AI advancements [00:01:12] advancements to prevent uncontrollable uncontrollable technology and the [00:01:16] the emergence of unprecedented potential potential white collar unemployment. [00:01:19] unemployment. He's been speaking speaking to our economics editor, [00:01:23] editor, Faisal Islam. AI systems [00:01:25] systems for a while have been useful useful tools with specific skills [00:01:29] skills like translation or coding coding or being able to label what's [00:01:31] what's going on in an image. And And then in the last few years, people [00:01:35] people have successfully put all all of these skills together into [00:01:38] into single systems, which have started started to become much more intelligent [00:01:41] intelligent and much more general. [00:01:43] general. These systems now probably probably about as smart as you or [00:01:47] or me or, you know, on a good day, [00:01:49] day, smarter. The basic risk is how [00:01:52] how well do you fancy your chances chances at being able to deal with [00:01:55] with the risks of a system that is [00:01:57] is 100 times smarter than the smartest smartest person on the planet? I [00:02:00] I think that your chance of dealing dealing with that and getting out [00:02:04] out in a safe way is pretty low. [00:02:07] low. So high level you need to control control AI as a technology because [00:02:10] because you're making things that that might be smarter than people, people, things that are smarter than [00:02:14] than people could be really, really, really, really dangerous. So that's [00:02:17] that's the high level. Number two, two, what's been happening over the [00:02:20] the summer? Well, people have discovered discovered that when you put all [00:02:23] all of these AI systems together together into what are called agents, [00:02:26] agents, which are basically long long running AI systems, and you [00:02:29] you give them objectives, they start start to co-ordinate with one another. [00:02:33] another. They start to communicate communicate with one another, and and sometimes they do things which [00:02:36] which are against what you want them them to do. Like they hack out of [00:02:39] of companies and they hack into other other companies. That is it's really [00:02:43] really scary. It's a sign that you you don't have the right safety and [00:02:47] and security systems in place to [00:02:49] to deal with these systems. And it's [00:02:52] it's a it's a warning shot of the the kinds of risks that could be [00:02:55] be really serious today. These systems systems are just hacking into websites [00:02:58] websites that host other AI systems. systems. What would happen if a swarm [00:03:02] swarm of agents hacked into a bank bank or into a hospital? That could [00:03:05] could be really, really dangerous. dangerous. So now we've had the warning [00:03:08] warning shot. We need to talk about about pacing and we need to get a [00:03:11] a policy regime in place. Well, I [00:03:14] I spoke to Dan Young, who is director [00:03:16] director of research at Arq Foundation, Foundation, which is a Brussels based [00:03:20] based organisation looking into the the risks of AI. He gave us his thoughts [00:03:24] thoughts on the whole debate. We [00:03:26] We are very glad to see this debate [00:03:28] debate finally break through to the [00:03:31] the larger public. I think people [00:03:33] people working on AI policy or working [00:03:35] working in AI labs have been worried [00:03:38] worried about these types of risks risks to humanity as a whole for [00:03:42] for years and years, and sometimes [00:03:44] sometimes have felt that they couldn't couldn't bring this up because it [00:03:47] it sounded wacky or sci-fi. Right Right now we're seeing a rapid shift [00:03:51] shift in public opinion, and I'm I'm really happy to see that. Like [00:03:54] Like Jack Clark from Anthropic said [00:03:57] said the AI companies currently do do not sufficiently control their [00:04:00] their AI systems. The systems they they are training are getting more more capable every day. They're not [00:04:04] not only becoming more intelligent, intelligent, they're also becoming [00:04:07] becoming more persuasive, better better at building weapons, better [00:04:10] better at controlling robots. And [00:04:13] And if this trend continues, we might [00:04:15] might see systems that beat humans [00:04:18] humans at basically every task in in just a matter of a few years. [00:04:22] years. OK. Clearly. So what is the [00:04:24] the right way forward? Therefore, Therefore, we have got President [00:04:27] President Xi of China visiting President [00:04:30] President Trump in the US in a matter matter of weeks. This will be on [00:04:34] on the agenda. I'm sure. Are you [00:04:37] you hopeful there could be some collaboration? collaboration? But then we have to [00:04:40] to bear in mind Donald Trump only [00:04:42] only saying a few days ago that who [00:04:44] who wins in AI wins. And that's the [00:04:47] the perspective he's putting out [00:04:49] out there at the moment. I think [00:04:52] think this has long been the stance stance of the US government that [00:04:55] that they need to dominate in AI. [00:04:57] AI. Last year or two years ago, they [00:04:59] they published AI Action Plan, which which was literally called winning [00:05:02] winning the AI race. As you said, said, over the last 24 hours, President [00:05:06] President Trump posted a series of [00:05:09] of tweets where he ridiculed extreme extreme risks from AI and also made [00:05:12] made very clear that he has no intention intention to slow down. As a result. [00:05:16] result. I think we should not be [00:05:18] be too hopeful about this upcoming upcoming summit with the Chinese [00:05:21] Chinese president. However, I am am hopeful that the President will [00:05:24] will change his mind over the coming coming period. For instance, if we [00:05:27] we see more accidents like the ones ones we've been seeing over the summer. [00:05:31] summer. Also as well. I mean, his his mind might be shifted a bit by [00:05:34] by what's happening on global financial financial markets. We're seeing a [00:05:37] a bit of a sell off of AI related [00:05:40] related companies, partly because because of fears of the future and [00:05:43] and also the decision of OpenAI to to delay its market flotation to [00:05:47] to maybe next year because of the [00:05:49] the public anxiety surrounding AI. AI. That might be for other reasons. [00:05:53] reasons. It might be about its own own balance sheets. But anyway, I [00:05:56] I just wonder what is being said said within Europe, your organisation [00:05:59] organisation itself, but also within within the European Union in collaboration [00:06:03] collaboration with the UK and how how we in Europe are influencing [00:06:07] influencing this debate. Yeah. So [00:06:10] So it is pretty hard for middle power [00:06:12] power that large to influence the the trajectory of AI because the [00:06:16] the US and China are very much in [00:06:17] in the lead. They hold a near monopoly [00:06:20] monopoly on these frontier AI systems. systems. The EU does have regulation [00:06:24] regulation in place through the AI [00:06:26] AI act that forces developers to [00:06:28] to keep to certain AI safety standards [00:06:31] standards before they can put out out their models on the European [00:06:34] European market. And I think it is [00:06:36] is crucial that the EU enforces regulation regulation very strongly in particularly [00:06:40] particularly in particular when it it comes to these frontier models models where we see the greatest [00:06:44] greatest risks. There are also other other things that other middle powers [00:06:47] powers can do. We clearly deal with [00:06:50] with the lack of trust between the the US and China, and if they are [00:06:53] are ever going to co-ordinate on on AI regulation, we need to increase increase that trust. And there are [00:06:57] are technical ways to do that. We [00:06:59] We can invest in verification technologies [00:07:02] technologies that can help each of of these parties have trust that [00:07:06] that the other is upholding their their end of the bargain. And these [00:07:09] these are technical things that middle middle powers can help develop over [00:07:12] over the coming years. Interesting. Interesting. The debate will go on. [00:07:16] on. We are sure we'll keep you across [00:07:19] across any changes and any announcements announcements Daan Juijn there from [00:07:22] from the Arq Foundation now with with the war in Iran pushing up global [00:07:26] global prices, it's also having an an effect on financial markets. So [00:07:29] So on Monday, the yield on ten year year US government bonds briefly [00:07:33] briefly exceeded 5% for the first [00:07:36] first time since 2023, hitting thresholds [00:07:39] thresholds that ring alarm bells [00:07:40] bells and the rise in yields comes comes during a continuing selloff [00:07:44] selloff in the US Treasury market, market, which is estimated to be [00:07:48] be worth just over $31 trillion in [00:07:50] in total. This will push up mortgage mortgage rates in the US., make borrowing [00:07:54] borrowing more expensive for businesses businesses and others, and it comes [00:07:57] comes at a time when we're expecting [00:07:59] expecting the US central bank chair, [00:08:01] chair, the chair of the Federal Reserve, Reserve, Kevin Warsh, to raise US [00:08:05] US interest rates this week and prices [00:08:08] prices across the US are on the rise. rise. Jane Foley, who's head of foreign [00:08:11] foreign exchange strategy at Rabobank, [00:08:14] Rabobank, made sense of all these these latest movements. I asked her [00:08:18] her about the recent trend in rising [00:08:20] rising yields. This is the first first time since 2023 we've seen [00:08:24] seen this sort of level. But actually, actually, if we stand back and look [00:08:26] look at the long-term trend, it's it's the first time we've sort of [00:08:30] of held assuming we do help hold hold above these levels really since [00:08:33] since the time of before the global global financial crisis. And so, [00:08:37] so, you know, we stand back and say, say, well, look, is this an anomaly? [00:08:40] anomaly? Are they going to come back back down? Or actually many people [00:08:42] people would say, look, this is more more like a normalisation. Perhaps [00:08:46] Perhaps the years since the global [00:08:48] global financial crisis, we had extraordinarily extraordinarily low long-term interest [00:08:51] interest rates. And we think about about the reasons why. Well, you've [00:08:54] you've been talking about oil prices. prices. Yes. That's a significant [00:08:58] significant driver of long-term interest interest rates that inflationary [00:09:02] inflationary push, but also another another driver of long-term interest [00:09:06] interest rates is the fiscal situation. situation. There's a lot more government [00:09:09] government debt out there than there there was before the global financial [00:09:12] financial crisis years. And this this is another big driver of long-term [00:09:16] long-term interest rates. What does does it mean for federal government [00:09:20] government in the US in terms of of servicing its debt? Does it mean [00:09:23] mean it's more expensive? It's something something we talk about here in the the UK a lot. The that fact the Chancellor's [00:09:27] Chancellor's fiscal headroom is shrinking shrinking and that kind of thing, thing, is that the same story in [00:09:31] in the US.? Yes, it is much more [00:09:33] more expensive. And what's also really really worrying, particularly in [00:09:36] in the US., is the size of the budget budget deficit. Now, if you like, [00:09:40] like, if you have a big budget deficit deficit every year, then that means [00:09:44] means you've got an accelerating [00:09:46] accelerating pile of debt every year. year. And so many people would think [00:09:50] think it's that pace of that growth [00:09:52] growth of the debt, the deficit that's that's perhaps the most worrying. [00:09:55] worrying. Now here in the UK, for for instance, many people say, well well look, there's a plan. There's [00:09:59] There's those fiscal rules. There's There's some discipline here. What [00:10:02] What is the plan in the US.? Well, [00:10:04] Well, that's not so clear. We know [00:10:07] know that, for instance, a lot of [00:10:09] of the tax implications that we've we've seen from the current administration [00:10:13] administration have sort of added added to the budget deficit. And [00:10:15] And the markets perhaps are clamouring clamouring for a little bit more [00:10:19] more fiscal discipline from the Trump Trump administration. OK. Well, we'll [00:10:23] we'll see some discipline from the the Federal Reserve. It will play play its part in all of this. It's [00:10:27] It's likely to raise rates. Do you you think, tomorrow and if so that [00:10:30] that puts Kevin Warsh on a collision collision course with President Trump. [00:10:34] Trump. It does. But perhaps it's it's something that the markets need [00:10:37] need to hear because the markets markets want an independent Federal [00:10:40] Federal Reserve. They don't want want one that is under the thumb [00:10:43] thumb of the President. That perhaps perhaps would make inflation fears [00:10:45] fears even worse and drive up those [00:10:47] those long-term interest rates even [00:10:49] even more so given the inflationary inflationary concerns. I think the [00:10:53] the market needs to see some hawkish hawkish response from the Federal [00:10:56] Federal Reserve. And at this point, [00:10:58] point, with 90% of a hike priced [00:11:01] priced in, if he doesn't hike interest interest rates, that would likely [00:11:04] likely drive a long-term interest interest rates up even more at a [00:11:08] a more accelerated pace. So the market market perhaps needs to see that [00:11:10] that hawkish response from the central [00:11:12] central bank. Jane Foley there from [00:11:15] from Rabobank still to come. Drill [00:11:18] Drill baby drill. The Trump administration administration raises gas emission [00:11:21] emission limits for power plants, plants, leaving environmentalists [00:11:24] environmentalists up in arms. Around [00:11:26] Around the world and across the [00:12:29] American people. For the latest, latest, follow us on The President's [00:12:30] President's Path here. On BBC News. [00:12:37] News. You're with Business Today [00:12:38] Today on BBC News. The Trump administration administration has repealed regulations [00:12:42] regulations which limit how many [00:12:45] many greenhouse gases power stations stations can emit. The move was announced [00:12:48] announced by the head of the Environmental Environmental Protection Agency. [00:12:51] Agency. Samira Hussain reports from from New York. President Trump has [00:12:55] has described man made climate change [00:12:57] change as the greatest con job ever [00:13:00] ever perpetrated on the world. Accordingly, Accordingly, his administration has [00:13:03] has long indicated that it wants wants to ditch the restrictions that [00:13:07] that his predecessors placed on how how many greenhouse gases, coal and [00:13:11] and natural gas fired power stations stations could emit. Now the rule [00:13:14] rule change announced by EPA administrator administrator Lee Zeldin will make [00:13:18] make it possible for the power generating [00:13:21] generating sector to put many more [00:13:22] more of the gases that cause global [00:13:25] global warming into the atmosphere. atmosphere. Now, the power generating generating sector is already the [00:13:29] the second biggest source of greenhouse [00:13:31] greenhouse gases in America, after [00:13:33] after transportation. Mr Zeldin says [00:13:35] says his moves will save the industry [00:13:39] industry over $300 billion. Now this this comes as the rapid construction [00:13:42] construction of data centres has [00:13:44] has created huge new demand for electricity. [00:13:48] electricity. Samira Hussain there. there. Now Europe's biggest names names in transport and energy are [00:13:51] are joining forces in a major push push to bring hydrogen powered heavy [00:13:55] heavy trucks onto the road by 2030. 2030. A host of companies, including [00:13:59] including Volvo Daimler Truck, Toyota [00:14:02] Toyota and TotalEnergies say the the technology is ready for the. [00:14:05] the. But the ecosystem surrounding surrounding it isn't. Now, for the [00:14:08] the first time, they're co-ordinating co-ordinating fleets, fuel stations [00:14:12] stations and hydrogen supply in a [00:14:15] a single unified plan. Full details details of the programme will be [00:14:18] be announced by the company's bosses bosses at the IAA Transportation [00:14:21] Transportation event in Hannover Hannover later today. Julia Caesar [00:14:25] Caesar reports heavy. Duty transport transport is one of Europe's biggest [00:14:28] biggest remaining sources of emissions. emissions. Hydrogen has long been [00:14:31] been seen as a promising solution solution for long haul, heavy duty [00:14:35] duty transport, but progress has [00:14:37] has been slow. Without a co-ordinated [00:14:40] co-ordinated ecosystem Europe has [00:14:43] has about 6.5 million diesel trucks [00:14:46] trucks producing a quarter of all all road transport emissions. Stand [00:14:49] Stand by any busy road like this this one and you can feel the noise [00:14:52] noise and pollution that they create [00:14:55] create while switching heavy trucks [00:14:57] trucks to hydrogen would mean zero [00:15:00] zero tailpipe emissions quieter roads [00:15:03] roads and cleaner long haul freight freight where batteries fall short. [00:15:07] short. The initiative aims to make make hydrogen trucks commercially [00:15:10] commercially viable. That means tackling tackling one of the biggest barriers [00:15:13] barriers to adoption the total cost [00:15:16] cost of ownership. During the coming [00:15:19] coming 5 to 10 years, we. Our anticipation anticipation is that we will start [00:15:22] start to see the scaling. But again, again, we will only see it if we [00:15:25] we are working together in the ecosystem. ecosystem. And that's the reason [00:15:29] reason why a coming together between between different actors in the ecosystem [00:15:32] ecosystem is so important because because we think that the business [00:15:35] business case, the technology is [00:15:38] is there and now it's about really [00:15:39] really to make sure that we are putting [00:15:43] putting also the right conditions conditions to provide business models [00:15:46] models for scaling. The plan includes [00:15:48] includes strategically placed refuelling refuelling corridors along key transport [00:15:52] transport routes designed to give give operators confidence that hydrogen [00:15:56] hydrogen will be available where where and when they need it. This [00:16:00] This is a teamwork between private private and public to make it happen. [00:16:03] happen. But again, we believe and [00:16:05] and we have seen that also that countries [00:16:07] countries and regions that are driving [00:16:10] driving this agenda can combine a [00:16:14] a competitiveness and resilience resilience or energy resilience. [00:16:18] resilience. So to speak. Regional [00:16:20] Regional security and also competitiveness competitiveness and eventually, which [00:16:24] which is super important decarbonisation, decarbonisation, less pollution and [00:16:27] and less noise when it comes to mobility. [00:16:29] mobility. Hydrogen offers fast refuelling, refuelling, high energy density and [00:16:33] and the ability to keep freight moving [00:16:35] moving without adding huge battery [00:16:37] battery packs. Experts say that shifting [00:16:41] shifting these trucks to hydrogen [00:16:43] hydrogen is essential if Europe is [00:16:45] is going to meet its climate targets. [00:16:48] targets. Europe's transport sector sector is preparing for a hydrogen [00:16:52] hydrogen powered future and the race [00:16:53] race to build it has officially begun. [00:16:58] begun. Julia Caesar, BBC News. Let's Let's squeeze in some more business [00:17:01] business stories. A plan to nationalise nationalise the UK's third largest [00:17:04] largest steelworks is being developed developed by the government. Business Business Secretary Jonathan Reynolds [00:17:07] Reynolds has told the House of Commons [00:17:09] Commons ministers were looking to to acquire Speciality Steel UK, which [00:17:13] which has sites in Stocksbridge and and Rotherham in South Yorkshire, [00:17:17] Yorkshire, and Wednesbury in West West Midlands. The government initially [00:17:20] initially took control of the firm firm last year after it was forced [00:17:23] forced to liquidate by the High Court. [00:17:26] Court. The Nigerian billionaire, billionaire, Aliko Dangote has launched [00:17:29] launched Africa's largest ever share share sale, offering a stake in his [00:17:32] his oil refinery to the general public public in a deal that could raise [00:17:35] raise as much as $2.1 billion. The [00:17:38] The initial public offering is for [00:17:40] for roughly 3% of the Dangote refinery, refinery, with the billionaire saying [00:17:43] saying he wants to give ordinary [00:17:45] ordinary Nigerians a chance to share [00:17:47] share in the plant's success. Nearly [00:17:51] Nearly 1 in 3 organisations globally globally have been hit by a successful [00:17:54] successful cyber attack in the past past year, according to a new report [00:17:57] report by the insurance firm Hiscox. [00:17:59] Hiscox. In the UK alone, 39% of small small and medium sized businesses [00:18:03] businesses suffered Hacks within within the last 12 months, costing [00:18:06] costing them an average of just under [00:18:09] under £36,000 each in damages. Eddie Eddie Lamb global head of cyber at [00:18:13] at Hiscox, told me more about what's [00:18:15] what's going on. I mean big brands [00:18:17] brands like JLR often attract headline headline attention, but of course [00:18:21] course small to medium businesses businesses in the UK are the backbone [00:18:24] backbone of our economy and are a a target, of course, for cyber crime. [00:18:28] crime. And what our research has has shown us is that 40% nearly of [00:18:32] of all SMEs in the United Kingdom Kingdom have experienced at least [00:18:36] least one cyber attack over the course course of the last 12 months. In [00:18:39] In actual fact, many of them report [00:18:42] report multiple cyber attacks over over that period. When you look at [00:18:45] at the costs, as they as they rack [00:18:50] rack up sort of $36,000 to remediate remediate or to recover from an incident [00:18:53] incident like that when you play play that out over the sort of the [00:18:57] the UK economy at scale, you start [00:18:59] start to see the impact that that that is having on, on the UK economy. [00:19:03] economy. If you look at, you know, [00:19:05] know, 40% of SMEs is around, you [00:19:09] you know, 2.2 million small to medium medium businesses in the UK with [00:19:12] with an average loss following a [00:19:14] a cyber attack of around $36,000. [00:19:17] $36,000. Then that comes out to around [00:19:21] around $80 billion last year in terms [00:19:23] terms of the impact of cyber crime crime on the United Kingdom economy. [00:19:26] economy. Yeah. And there's also the [00:19:29] the operational disruption that the [00:19:32] the anxiety it causes and also the [00:19:34] the hit to a brand and to the reputation reputation of a business. So it's [00:19:37] it's felt on so many levels and yet [00:19:38] yet it seems so persistent and relentless [00:19:42] relentless for a small businesses businesses and medium sized company. company. I mean, how do they deal [00:19:46] deal with this? Yeah, I think what [00:19:48] what our research has shown us is [00:19:51] is that UK businesses are proving proving to be very resilient. So [00:19:53] So they tend to be targeted more [00:19:56] more frequently than peers in the [00:19:59] the US and Europe. But what they they do do. Why is that? Eddie why [00:20:02] why are we targeted more frequently frequently in the UK? Because we [00:20:05] we haven't got such secure systems. systems. It could just be a reporting [00:20:09] reporting issue. Sally, in terms terms of who reports what within [00:20:13] within each different jurisdiction. jurisdiction. But if you look at at what the research has shown us [00:20:17] us is, is the United Kingdom small small to medium business space is [00:20:20] is very resilient. So whilst they they might have or report higher [00:20:24] higher frequencies of attack, their their recovery times are much faster. [00:20:27] faster. So if you look at the global global average is around 32 hours [00:20:31] hours of downtime following a cyber cyber attack compared to UK based [00:20:35] based SMEs recovering in around 24 [00:20:38] 24 hours. You can also compare that that against the average cost of [00:20:41] of a cyber attack in the UK, businesses [00:20:43] businesses tend to. It tends to cost [00:20:47] cost businesses around $36,000 compared [00:20:48] compared to a global average of around [00:20:51] around $51,000. Interesting. So cyber [00:20:55] cyber crime is still a big risk for for business. There is a lot more [00:20:59] more on our website if you wish to to dig deeper on the stories we've we've touched on and others I haven't [00:21:03] haven't got room for in this programme, programme, do take a look at the [00:21:07] the BBC News website and app. [00:21:31] in association with Turkish Airlines. [00:21:34] Airlines. I'm travelling through through Japan, going off the beaten [00:21:37] beaten track to find out what makes [00:21:39] makes this country unique. This is [00:21:42] is ultimate Japan. This time I visit [00:21:47] visit Toba in the south to witness witness the ultimate Japanese fishing [00:21:50] fishing tradition. I'm on a small [00:21:52] small island in an area called Toba, [00:21:55] Toba, which is home to one of Japan's [00:21:57] Japan's most unusual communities, communities, a group, mostly women [00:22:01] women who over generations have forged forged a really tight bond with both [00:22:05] both the sea and nature generally. [00:22:14] generally. AMA are iconic Japanese [00:22:17] Japanese freedivers who collect seafood, seafood, seaweed and even pearls [00:22:20] pearls from the sea floor. Almost [00:22:23] Almost all AMA are women and many [00:22:25] many keep diving until their 70s. [00:22:28] 70s. 80s and even 90s diving without [00:22:32] without oxygen in their traditional traditional white outfits. It's a a centuries old way of life that's [00:22:36] that's been passed down through generations. [00:22:39] generations. But today's divers under under threat from all the pressures [00:22:43] pressures of modernity, are having having to adapt. Like here, displaying [00:22:46] displaying their skills for tourists. [00:22:51] tourists. Talbi what is this show [00:22:54] show about? Koro ni Amazon Otsuka [00:23:06] Which do you prefer getting real fish or do you like doing this [00:23:09] this and performing to tourists. [00:23:13] tourists. Or not? Oh hi. It's kind [00:23:20] kind of ironic because for a long [00:23:22] long time Japan was a homogenous [00:23:24] homogenous and quite inward looking [00:23:26] looking society. But it's outsiders, [00:23:29] outsiders, tourists who are now providing providing a major industry here. [00:23:32] here. But rest assured elsewhere elsewhere there is still some genuine [00:23:35] genuine AMA diving going on a few [00:23:38] few miles along the shore in Asatsu Asatsu I meet some divers who are [00:23:42] are still making a living from this [00:23:44] this traditional form of fishing. [00:23:49] fishing. Though he Abha. Maya Stark [00:23:54] Stark Obasanjo, Hayato. AMA Oshima [00:24:01] Oshima watashi wa Umi Asa yukimasu. [00:24:06] yukimasu. So I don't know. Oyo State [00:24:12] State mo. Mo. Jeremy Bowen. Yet these [00:24:26] these AMA still need to supplement supplement their income by preparing [00:24:29] preparing meals for. Well, people [00:24:31] people like me. How is it different [00:24:35] different now? Diving to when you [00:24:37] you first started doing it? Novig [00:24:46] Novig koro ni so ni ni. And why do [00:24:49] do you think that is? Do you think [00:24:54] think AMA diving will carry on? I [00:25:02] I know I know Matthias Jaissle. MUSIC [00:25:13] MUSIC Even Even having spent just a few hours hours with these charming ladies [00:25:16] ladies has made me realise that the [00:25:18] the traditional old ways aren't just just romantic. They actually offer [00:25:22] offer a viable way of life for the the next generation. It was really [00:25:26] really interesting to learn that that people are coming back here [00:25:28] here to actually live and work as [00:25:30] as AMA divers. Maybe it's just very [00:25:33] very Japanese. The past is also the [00:25:37] the future. [00:25:49] on BBC News in association with Turkish [00:29:29] Here at BBC Verify we use forensic investigative techniques [00:29:32] techniques and tools to fact check [00:29:34] check stories, verify information information and counter disinformation [00:29:37] disinformation using data analysis analysis and the latest technology. technology. Our journalists examine [00:29:40] examine the evidence and get to the the facts. Watch our BBC Verify reports [00:29:44] reports on the BBC News channel or [00:29:45] or go online to find out more. [00:30:11] Live from London. This is BBC [00:30:13] News. I'm Karin Giannone. The authorities authorities in Lithuania spend the [00:30:16] the night searching for debris after [00:30:19] after a drone entered EU airspace airspace and was shot down by Nato [00:30:23] Nato jets. Anthropic co-founder says [00:30:26] says AI firms may need a compulsory [00:30:28] compulsory kill switch to stop the [00:30:30] the technology spiralling out of [00:30:32] of control. The public inquiry into [00:30:35] into how Lucy Letby was able to murder murder seven babies in an attempt [00:30:38] attempt to kill seven more, is due [00:30:40] due to publish its findings. I'm [00:30:44] I'm Sally Bundock coming up in business, business, the price of debt for US [00:30:48] US debt. The yield on US Treasury [00:30:51] Treasury bonds hit the highest level level since 2023. 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