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tv   Asia Business Report  BBC News  November 8, 2023 12:30am-12:46am GMT

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it will be tightening export controls on rare earths, seen as a move to counter the us chips act, which heavily restricts beijings access to semiconductors. it comes ahead of a much anticipated planned meeting between the leaders of the world's two largest economies at the apec summit in san francisco in a few days. for more, let's cross over now to our asia business correspondent nick marsh who is at the bloomberg new economy forum, where some of the biggest names in business, economics and politics are gathering this week in singapore. nick — no doubt tensions between the us and china, as well as that rare earth ruling, will be top of the agenda for everyone there? he finished speaking in this alljust behind me, came out with his entourage, dozens of people. ifought my with his entourage, dozens of people. i fought my way through the crowd to talk to him for that what he said was quite
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interesting. he was basically saying that the idea of globalisation was irresistible and irreversible and that any efforts to enact protectionist policies would lead to nowhere. the title of his speech was unpacking the new order. i think what he was basically talking about was the united states led western efforts to try and impose technology sales to china for the two basically make china less capable of things like chip—making and green technology. i got to say, i think a lot of people in that room, business delegates would probably agree with him. the old order, if you want to call her back, the idea that countries making stuff the quickest are the cheapest and most efficient countries, making and selling it to people who need, i think that works for a lot of businesses. the problem is that western governments weren't happy with
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that because if you have a dominant, that does pose a threat if you're western country that's why you see things like chip—making technology restrictions in the us. and the rare earth potential ban or restriction in what china has to the rest of the world. this is fundamentally what potentially is at this conference how do you keep local supply chain slip? how to keep the business community happy and also how do you balance that with competing governments or political interests that you see from the worlds leading powers? at interests that you see from the worlds leading powers?- worlds leading powers? at the same time _ worlds leading powers? at the same time ai _ worlds leading powers? at the same time ai geopolitics - worlds leading powers? at the same time ai geopolitics over| same time ai geopolitics over many other topics on the agenda what else are they going to be about? , ., ., ., , about? they are going to be talkin: about? they are going to be talking about _ about? they are going to be talking about al, _ about? they are going to be| talking about al, geopolitics, the israel— gaza conflict. also mentioned in the opening remarks to start the conference, the ukraine war of causing
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lots of pressure on businesses around the world, not to mention the loss of life going on they are. mention the loss of life going on they are-— mention the loss of life going on they are. green technology, sustainability _ on they are. green technology, sustainability is _ on they are. green technology, sustainability is a _ on they are. green technology, sustainability is a thing - on they are. green technology, sustainability is a thing a - on they are. green technology, sustainability is a thing a lot. sustainability is a thing a lot of people talking about. and again china leading the revolution when it comes to developing green technologies. they are a world leader, electric vehicles are making european countries nervous. again, more difficulties there. thank you for the update. the new york stock exchange says they are prepared to deal or two we work, off the back of the news that they have filed equity protection in the united states for the once valued at $47 billion we work expanded rapidly the struggled under the weight of a huge debt pile and faced criticism of his business model and management style. the companies co—signer adam newman said it was disappointing but
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critics said he over said the oversold wework as a technology player when it was a proper business with argue mr mr neumann was a dynamic charismatic leader that successful startu ps charismatic leader that successful startups need. charismatic leader that successful startu ps need. a kultur coach successful startups need. a kultur coach who works with the founders of startups and small businesses gave me her appraisal on adam neumann�*s leadership. i appraisal on adam neumann's leadership-— leadership. i would say it something _ leadership. i would say it something i _ leadership. i would say it something i recommend| leadership. i would say it - something i recommend founders adopt neumann style although is passionate about what his passionate about what his passionate work it certainly that extra sense that goes on that extra sense that goes on that getting people to manipulate in terms of what he was doing with the investor buying and his team buying as well. , ., ., ., well. there is a lot of pressure _ well. there is a lot of pressure on - well. there is a lot of pressure on those . well. there is a lot of - pressure on those startup founders and entrepreneurs to sell their business to raise money for that absolutely. that is a core purpose _ money for that absolutely. that is a core purpose for _ money for that absolutely. that is a core purpose for a - money for that absolutely. trust is a core purpose for a lot of founders to start their
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business, they want to have an exit strategy and a sales strategy. that's very much a part of their agenda. [30 strategy. that's very much a part of their agenda.- part of their agenda. do you think they — part of their agenda. do you think they almost _ part of their agenda. do you think they almost have - part of their agenda. do you think they almost have to i part of their agenda. do you i think they almost have to sell their business model in order to at least get on the path of success? if to at least get on the path of success? ., �* to at least get on the path of success?— success? if i don't think they have to but _ success? if i don't think they have to but i _ success? if i don't think they have to but i think— success? if i don't think they have to but i think these - success? if i don't think they l have to but i think these days with their global markets so openifs with their global markets so open its more competitive than ever. in order to be disruptive you do have to really sell your vision and be confident in your vision. sometimes i think overselling happens by default. what would be your advice to an entrepreneur in the future? i was a confidence is fantastic and having a clear vision but you also have to make sure you have people following that vision and you are leading with purpose and integrity as well. a lot of these companies fall down when integrity comes down to it. really what we want to see is more leaders leading with purpose and integrity and
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notjust with purpose and integrity and not just with a with purpose and integrity and notjust with a very transparent agenda in mind. us crude oil prices have hit their lowest prices sincejuly — falling below 78 dollars a barrel. erin delmore reports from new york. at the end of september, we saw oil nearing $100 a barrel, a psychologically important marker as consumers fill their cars with gas and heat their homes. and while the price of oil doesn't contribute to the "core" inflation that the federal reserve likes to gauge, it does contribute to "headline" inflation — and the direction people feel prices are moving in. now, a reversal, with crude oil falling to its lowest price sincejuly. one factor is the israel—hamas war. we saw prices spike during the first week of violence, on the worry that hostilities could spread into a wider regional conflict, drawing in oil—rich neighbouring countries. a month into the conflict, that fear is stabilising. and another factor is slowing global demand as revealed in china's export data.
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exports fell more than six percent, year over year, in october. that marked the sixth consecutive month of falling exports. there's another thing that lowers demand — a strong dollar. that makes oil more expensive for holders of other currencies to buy. we told you about the earth shot prize in one was an indian startup tackling foodways without a major challenge in a country where cold storage facilities are few and far between. but as far as technology has built a unique low—cost sun powered boot drying machine that prolongs the shelf life of perishables in a climate friendly way. reporting for western india. here is a shocking statistic, more than a third of all fruits and vegetables grown in india end up in landfills like these.
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these solar powered dryers could be one solution to this problem. all operated by rural women, they use natural heat in three different ways to completely suck out moisture from fresh produce. this isn't exactly a high—tech device at all with any complex technology, electronic chips but these dryers expand the lifestyle goal of basic perishables like onions or tomatoes that of otherwise would have rotted. it's a low—cost climate solution to preserving second grade produce that normally doesn't find a market. once dry at the produce comes to this factory, which processes it further into packaged food that's sold to big companies and restaurants. the farm to factory chain keeps growers in a short marker and helps put up a growing the business comes with many
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challenges. fin business comes with many challenges.— business comes with many challenges. on boarding the women is — challenges. on boarding the women is a _ challenges. on boarding the women is a challenge - challenges. on boarding the women is a challenge for. challenges. on boarding the i women is a challenge for them we have to tell them about the technology and how it works. the second thing, the training because we in all the need to give them the handholding, how to use and mending procedures and create value added product. but for the local farmers this has been a game changer. at the crack of dawn he is sorting his onion harvest to be sent to the drying facility. onion harvest to be sent to the drying facility-— drying facility. translation: many times — drying facility. translation: many times though _ drying facility. translation: many times though lower - drying facility. translation: | many times though lower grade crop wouldn't get sold. nearly half of — crop wouldn't get sold. nearly half of what i've grown wood rot — half of what i've grown wood rot but _ half of what i've grown wood rot. but now all of it gets picked _ rot. but now all of it gets picked up at the farm gate and my income has gone up substantially. its my income has gone up substantially.— my income has gone up substantiall . ~ , ., ,, ., , substantially. as for s wants to touch the _ substantially. as for s wants to touch the lives _ substantially. as for s wants to touch the lives of - substantially. as for s wants to touch the lives of a - substantially. as for s wants | to touch the lives of a million such farmers in the next four years. it's a lofty goal but tech solutions like these are scaled up can help transform
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the lives of some of india's poorest communities. that is it for this addition. thank you so much for watching the programme. bbc news — bringing you different stories from across the uk. it may look like a trip to the science museum, but believe it or not, this is gatwick. it's a new centre with hands on experiments with the hope of inspiring schoolchildren to considerjobs in stem. otherwise known as science, technology, engineering and maths. fundamentally, it is about our future pipeline of talent. we're hoping that they might be some of them might be the workforce for the
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future, with gatwick. featuring a mock up runway lighting rig. among this group, many were keen to see the opportunities on offer. when i grow up, i want to be an engineer. i think something to do with electronics, something to do with biotechnology, something to do with stem. when i'm old, i want to be| an aircraft carrier designer. i like a plane that can. hold about 8000 people with over a kilometre long. when i grow up, i want to be an engineer. i love the idea of creating planes and making them go faster. so i think it would be really cool to build a plane and then have the chance to go on it yourself. the specially adapted space will be here for a year as part of a pilot and will get feedback from schools and students with the aim of attracting a host of new and enthusiastic talent to the airport's workforce. for more stories from across the uk, head to the bbc news website. hey, i'm steven with
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the catch up tonight an israel—gaza update, plastic packaging claims and a session in the sky. we're going to start with the king's speech. and despite the name, it's actually written by the government to mark the state opening of parliament. there were crowns, carriages and fancy robes. and the whole point is to give us an idea of what ministers are planning over the next year. here are some of the main points — a ban on landlords evicting tenants without a clear reason and to crack down on flavoured vapes. but a bill to ban conversion therapy is missing. labour says the government's plans are gimmicks and a new low. some other stories now and more than 160 children are being killed every day in gaza. those figures are from the world health organisation. it accuses israel of breaking international law by attacking health care sites. israel says the strikes are legitimate. next, calls for neck guards to be made compulsory
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for ice hockey players. that's from a coroner after the death of nottingham panthers player adam johnson, who was hit in the neck by a skate. he was 29. and our coca—cola and nestle plastic water bottles really 100% recycled. some consumer and environmental groups have complained to the eu, saying the claims are misleading. the company say they're trying to reduce the amount of plastic packaging they use. and time to leave you with 10 seconds of in—flight entertainment. this is an irish traditional music group putting on a bit of a show for passengers on a flight from frankfurt to dublin on sunday while it was delayed on the ground. you're all cut out of nice.
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hello there and welcome along to sportsday. i'm gavin ramjaun. maxwell's masterclass in mumbai puts australia into the cricket world cup semi—finals as they beat afghanistan in a thriller. call him the hero at the etihad. he puts injury concerns to one side to send manchester city into the champions league knockouts. and milan come back to beat psg. it's wide open in their group after dortmund did
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the double over newcastle. hello there and welcome along to the programme. we'll start with an absolutely thrilling game at the cricket world cup. a spectacular double century from glenn maxwell saw australia clinch their spot in the semi—finals. they beat afghanistan, but it really was the maxwell show in mumbai. asjoe wilson reports. somehow afghanistan retains this flag and this identity through cricket. only it must be stressed — male cricket. in this world cup, they keep surprising in mumbai. ibrahim zadran said he was inspired by meeting sachin tendulkar while zadran batted through 50 overs. he became the first afghan to make a world cup century.
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the team made 291 their highest ever world cup score.

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