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tv   Asia Business Report  BBC News  November 14, 2023 1:30am-1:46am GMT

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the battle for global economic dominance. we travel to indonesia for a front row seat to the intensifying rivalry between china and the united states. a great day for boeing at the opening of the dubai airshow. we'll have the latest deals from one of aviation�*s most exciting events. hello and welcome to asia business report. i'm monica miller. we begin with a meeting between the us presidentjoe biden and his indonesian counterpart, joko widodo. the two leaders are preparing for an asia pacific economic cooperation summit in san francisco. with the us and china locked in a battle for global economic
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dominance, plenty of countries are paying close attention to what it might mean for them. widodo�*s indonesia is no exception. from jakarta our asia business correspondent nick marsh, reports. this is a country on the move. super high—speed rail has come to indonesia. this was built by chinese engineers and financed with chinese loans. once upon a time indonesia's largest trading partner was the us. that train has left the station. now, it is china. they were given the nod to build this over america's ally and the master train makers, japan. this train is notjust the testament to chinese engineering, the fact
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it was chosen overjapan�*s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is boeing's brand—new office injakarta. the president and i started meeting... the relationship goes back a long way. indonesia is wary of the chinese military power and when it comes to defence, it still turns to old friends. buying commercial and military hardware. american companies including boeing get that this region nestled next to china and india, two markets that they care about deeply. indonesia matters and indonesia is an incredible market today, but we see the future is even brighter. ask young people, though, they will tell you that their
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future lies with china. these students injakarta are learning mandarin. translation: china is our neighbour - and it is progressing fast. i think china will be a very powerful country in the future so i think it makes sense to learn chinese. china is also streets ahead when it comes to electric vehicles. and in the one of the worlds most polluted cities, indonesians are betting on beijing. "our sales have been amazing," this car dealer told me. "there are people in indonesia that would "never imagine they would be able to own an electric vehicle "but we can offer value for money." the worlds that longed for american brands and products is changing. now the aspirational lifestyle is increasingly made in china. nick marsh, bbc news. now to another southeast
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asian nation, malaysia, which last week said it will maintain ties with hamas and will not punish the group. the comments from the country's leader anwar ibrahim were in response to a proposal by us lawmakers to sanction hamas�*s foreign supporters. a malaysian delegation, led by mranwar, is in san francisco to attend the annual apec summit. earleir i spoke to the country's trade and investment minister zafrul aziz who is at the summit. i started by asking him whether he expected kuala lumpur�*s stance on gaza to have an impact on its relationaship with washington. malaysians has always being consistent with our stance on the palestinian war.
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it will further damage the stability of the global economy and therefore we are monitoring the situation closely. we do not believe in violence or aggression and we do not believe it will have any effect but the us continues to be a major treating and investment as well to malaysia. from malaysia, what are the priorities to get out of this apec meeting, what are you hoping to achieve? for us who want to focus on areas where malaysia can be play a part in. we want to focus especially on digital and green trade and investments and we hope that apec with its 21 member economies, home to more than 2.95 billion people representing 62% of the worlds gdp can help our country and the region to do better economically. a lot of companies are looking to move their supply chains outside of china, notjust because of the geopolitical tensions, but also because of the some things that have happened during covid. malaysia is one of those potential places. have you seen a lot of businesses interested in moving their supply chains away from the mainland
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to your country? companies in china, us companies in china and other companies in china are looking at realigning their supply chain as they are looking at supply chain resiliency. so asean is a net beneficiary, i'm not sure how long it will remain open pilaster for example the global mbi was down and last year was up by 5% so malaysia we have seen the numbers in the first quarter investments go up 60% and that is partly to do with many companies realigning their supply chain. it does look hopeful that president biden and the presidency will actually be meeting on the sidelines of this. do you have any hope that these tensions may be dialled down or what are you expecting to come out of this meeting? to me any engagement is definitely positive engagement.
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a lot of preparation done before so i'm looking at this optimistically and positive that an engagement at this level is happening here in the united states and only the second time between the two leaders. like i set the two top trading partners and people coming to the region are both us and china. so we are looking at this closely and i am optimistic in the fact engagement is already a positive. boeing shares have ended the session more than 4% higher. the plane maker had a stellar first day at the dubai airshow, as emirates and sister airline flydubai secured 125 boeing wide bodyjets at the opening of the event. our middle east business correspondent, sameer hashmi, has more. there has been an action—packed
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day at the opening of the dubai airshow with some major aircraft deals announced. the big one coming from emirates which is signed in agreement with boeing to purchase 90 triple seven ex—jets for a deal worth $52 billion. this is a big boost for it boeing because it's triple seven jet programme has been beset by ongoing to blaze and delivery is only expected by 2025 the emirates were not the only one to go shopping. fly dubai has announced it will be purchasing some dreamliner is wild turkey placed an orderfor 43 maxjets and is looking to add another 45 over the next few years. more deals are expected to be announced during the course of the airshow. the two main reasons why airlines are in a rush to place these major orders — the first, a lot of them were looking to replace their ageing fleet but cannot do do that to covid—i9 and have embarked
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on those plans now. and the second is of the two largest plane makers, boeing and airbus have been struggling to meet delivery timelines. due to a huge backlog. it is a key reason why airlines are worried if they do not place orders now, they could push back expansion plans in years to come. that is what we can expect some more big orders during the course of the next few days. there seems to be no end in sight to the the successive rounds of lay offs targeting workers in the tech sector this year. one of the companies that is undergoing a massive restructuring is amazon. there are reports the e—commerce giant has cut around 180 jobs in its games division, the second round of lay—offs in under a week. our north america business correspondent erin delmore has the latest from new york. for the second time this year, amazon's games division is the target for lay—offs,
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and it's at least the second set ofjob cuts by amazon in under a week. the last round targeted jobs in streaming music and podcasting, plus a few in human resources. taken together, the lay—offs are part of a broader restructuring by amazon. the company cut more than 27,000 jobs in the last year. the e—commerce and streaming giant isn't immune to the lay—offs that hit the tech industry earlier this year. after the onset of the pandemic ushered in the work—from—home era, technology companies expanded to meet growing needs. then, in early 2023, lay—offs were rampant in the industry as companies reflected on over hiring and slowing demand. amazon isn't the only one downsizing. google, snap and zillow also recently said they're cutting jobs. that is all we have for you. thank you for watching.
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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 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 older, i want to be an aircraft carrier designer. i want to make plane that can
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hold about 8,000 people. with eyes 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. hi. i'm eddie with the catch up. tonight — electric motor bikes being used illegally, benefit changes and an escaped emu. but first, there's been some changes in who's running the country. as prime minister rishi sunak reshuffled his top team. first up, former prime minister david cameron
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is back in a move that took everyone by surprise. he was in charge between 2010 and 2016 and is now responsible for the uk's foreign relations. it's all after the minister in charge of security and immigration, suella braverman, was sacked after comments about policing of the marches against the war in gaza. james cleverly, who had been foreign secretary, has replaced her. some other stories now. electric motorbikes may be increasingly popular, but police want more powers to stop anti—social behaviour and dangerous riding. the bbc has been out with officers in bristol, seeing a rise in illegal use. big benefit changes could be on the way from 2025 for people who can't find work because of health issues. the bbc found the proposals, which may save £4 billion, could see many more people forced to find work despite living with physical and mental health conditions. and in football, cole palmer, ezri, konsa and rico lewis
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have been called up to the england squad for the first time ahead of upcoming euro 2024 qualifiers. time now to leave you with 10 seconds of an escaped emu, after the bird was caught on camera on the front doorstep of a house on a street in suburban kent. good news though, he was safely returned home. you're all caught up. bye now.
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hello, and welcome to sportsday — i'm will perry. here's what's coming up: a final farewell to a footballing great: thousands line the streets for the funeral of manchester united and england legend, sir bobby charlton. carlos alcaraz is beaten on his atp finals debut, as alexander zverev fights back to win in turin. and, we hearfrom england's managing director rob key, as their dismal defence of the cricket world cup comes to an end.
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welcome along to sportsday.

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