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AI chip giant NVIDIA gets the go-ahead to sell more chips to China.
It's World Business Express from the BBC World Service.
I'm Hannah Mullane.
We thought Netflix had won the deal to buy Warner Brothers, but there's a plot twist.
And we take a look at the rising demand for luxury fashion at African airports.
First to the US, where President Donald Trump has given American semiconductor firms the go-ahead to sell more advanced chips to China.
A controversial decision and a marked change in policy, which has previously restricted Beijing's access to this kind of technology.
Here's the BBC's North America technology correspondent, Lily Jamali.
It's a complicated political situation because, even though there are certainly Democrats in Congress and even some Republicans who have a lot of national security concerns about the sale of these kinds of chips, it's not clear if they are going to be able to leverage whatever power they have left to change anything.
Donald Trump is moving forward with this basically unilaterally.
I think a lot of this really depends on what Beijing does.
Does Beijing actually allow Chinese companies to purchase these chips?
Donald Trump has said that she responded positively, but we're not sure if that's actually where China stands right now.
Lily, pointing out that American companies can sell their chips to China, but Beijing can still choose to restrict how many of them Chinese firms can buy.
So what's the economic impact of this change?
Chris Miller is a tech expert and author of Chip War the fight for the world's most critical technology.
This is good news for the companies that sell chips like NVIDIA and AMD that were currently restricted.
It's bad news for companies that use AI chips, because they're now going to face more capable and more impressive competition from China.
And that's why many politicians in the US are against this news today that Trump has announced.
That's right.
It's going to be very controversial in Washington, controversial in Congress and also, I think, controversial in Silicon Valley.
But the American government also looking to cash in on this, because 25 of the money will be going to the government.
That's right.
It remains to be seen exactly what structure this will take.
But the White House and President Trump appear to believe that the money that this will bring in, which will be in billions of dollars not a small sum, but also not a large sum in the context of the US government budget they believe that's an important part of the benefit to the United States.
And you'd expect this to be good news for China and for companies in China that need access to these advanced chips.
But there was some question about whether Chinese firms would take these more advanced chips, wasn't there?
There is question about whether Chinese firms will be allowed to buy these chips.
In the past...
China has restricted import certain types of advanced chips from the US because the Chinese government wants to encourage tech firms to buy locally made chips.
But we know that the biggest tech companies in China, companies like Alibaba or Tencent.
They prefer to access chips from Nvidia and other US firms because they're more capable of, They're more plentiful and the software ecosystem is much more easy to work with.
And so I think it is possible that the Chinese government imposes some limitations on how many chips can be bought or which types of firms can access these advanced chips.
Chris Miller there.
We thought we'd wrap the plot twist yesterday in the fight to buy Warner Brothers Discovery, but it's going to be weeks before the board make a decision and we find out who the winner is.
So who are the two players in the game?
Paramount Skydance, backed by the billionaire Ellison family, has been wooing Warner Brothers for months, hoping to join forces with the Hollywood name.
Here's David Ellison, the chairman and CEO of Paramount Skydance, speaking on CNBC on Monday morning.
Our offer is 30 a share, all cash.
41 billion in equity that's backstopped by the Ellison family and Redbird.
54 billion in debt with commitments from Citi, Bank of America and Apollo.
We have faster regulatory certainty to close, and our deal is pro-consumer.
It's pro-creative talent.
It's pro-competition.
Then Netflix boss Ted Sarandos hit back from the stage of a conference confident his company is still steering the storyline.
We think this deal with Warner Brothers is good for shareholders.
We think it's good for consumers.
We think it's good for creators.
We think it's great for the entertainment industry as a whole because we're creating and protecting jobs in production and we're going to continue to grow the business.
So we look forward to the next phase of this and getting this deal approved and moving forward.
Very excited.
So does Paramount have a chance?
Blair Westlake is a media executive and formerly chair of Universal Studios Television and Networks Group.
The thing that Netflix brings to the table is that they have been innovative and they have been willing to take chances and risks, while Hollywood, for the most part, has really sat back and ridden the same business model for too long and is now in a serious game of catch-up.
And I think one of the reasons that the Warner Brothers Discovery Board was inclined to to go follow the path of Netflix being the buyer was just that their innovation.
And Paramount is in a serious game of catch-up.
Coupled with the fact that it's rather to put it nicely, it's rather amazing that a company that has barely gotten the keys to the door for Paramount is now looking at acquiring another company and attempting to integrate the two.
I mean, one integration is quite an undertaking, let alone two.
Media Executive Blair Westlake.
In the last few hours, a social media ban for under-16s has come into place in Australia.
Australia's Prime Minister has urged teens to make the most of the ban by taking up a new sport or reading a book instead of scrolling on their phones.
Under this legislation, companies could face heavy fines if they don't take reasonable steps to prevent young people from opening social media accounts.
And social media firms have argued the ban would be ineffective, difficult to implement and could isolate vulnerable teenagers.
Ford announced today that it will produce small electric cars and vans with France's Renault.
Fiona Sincotta is Senior Markets Analyst at Citi Index.
Fiona, two competitors working together, what do you make of it?
Yes, so these rivals are joining forces in a bid to lower costs and accelerate development.
I mean, I think this really highlights the challenges that these firms are facing amid sort of an expensive transition to electric vehicles and amid a really sharp rise in Chinese competition.
Yeah, there is.
This big issue, isn't there for these companies, with the cheaper Chinese cars coming into the market?
Yes, you know.
So Chinese manufacturers, makers of BYD NIO Xpeng, you know, these are producing cheaper EVs thanks to lower labour costs, strong government subsidies and very highly efficient supply chains.
So these Chinese brands are really rapidly gaining market share in Europe, putting pressure on these legacy automakers.
Fiona Sincotta, Senior Markets Analyst at Citi Index.
Thanks for joining us.
In other car-related news, BMW has appointed a new CEO, Milan Nedeljkovic.
Like Ford and Renault, BMW is also looking to make their mark with electric vehicles and compete with Chinese-made cars.
And from cars to planes.
Airports specifically, a great place for luxury goods to get their products in front of luxury buyers.
A business which is growing in Africa as passenger numbers increase, with 74 million international arrivals in 2024.
That's according to global tourism and aviation organisations.
Johnny Laquani is the managing director at InterAfrica Marketing, a distributor of luxury brands on the continent.
The big growth that we are seeing is for the international brands, the typical ones you'll find in Selfridges and Harrods, and those types of brands.
That's what we are really seeing the most growth for and that's what we're seeing the most demand for as well.
The African traveler is getting much more discerning, more demanding in terms of their retail experience.
They are now looking for a retail experience in their local airports that can match that of London, Paris or Dubai, with a good brand offering good, knowledgeable beauty consultants in store.
That can translate the brand story and can make it resonate to them at a local level.
Johnny Lakwani, Managing Director at InterAfrica Marketing.
Ending this edition of World Business Express with me, Hannah Malay.
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