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tv   Asia Business Report  BBC News  November 28, 2023 3:30am-3:46am GMT

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but a joint investigation by the centre for climate reporting and the bbc has found that the uae had planned to use the opportunity to discuss fossil fuel deals with 15 nations. fossilfuels like coal, oil and gas are the biggest contributors to carbon emissions, leading to rising global temperatures. cop28 organisers have said the report is inaccurate and the uae said, "private meetings are private". i have been speaking to graham riddell, a climate and sustainability consulting leader, and he gave me his reaction to the possible discussions of fossil fuel deals at cop28, an event that aims to lessen the worst impact of climate change by limiting the rising global temperatures. first reaction is everybody needs to be at the table. we cannot avoid having heavy
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fossil fuel leading companies economywide not there. first reaction of heavy fossil fuel leading company economy—wide response. scrutiny is good, discussion is good, the more people involved in taking action and engaging in climate change is by far the better. the more private sector engagement in this issue is better than what we saw 10, 20, 30 years ago when it was a very governmental—driven process. if we go back, at cop27 a loss and damage fund was agreed upon for richer countries to pay the poorer countries which were suffering the impacts of climate change. how do you see that working out, because that has been one of the numerous sticking points? the private sector needs to get far more engaged in discussion around adaptation to finance too. loss and damage just one element that is going to help build more resilient society. insurance needs to be more engaged, project developments, fiancing and constructing. particularly in asia, as it urbanises and develops economies quite quickly.
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climate change needs to be built into the discussion and building infrastructure that's more resilient. how optimistic are you about some sort of concrete decisions and also the role of the private sector which is very crucial as you point out? all the preparatory meetings have been leading up to something that is coming out quite well. there have been a lot more preparatory meetings than had been planned for this cop. hopefully that's an indication of outcomes nearing and a lot of the contentious points being discussed prior to getting into the uae. fingers crossed, we do not want another year of delay and obfuscation. private sector i think with 70,000 people there, it is a lot of people there. hopefully it means private sector is properly engaged and we see finance actually flowing after this week. another heavy cabin and mentor is you and me. whenever we go on holidays, we travelled by our planes. airline companies and governments are trying to change that.
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the answer they say is sustainable aviation fuel which contains items like used cooking oil which in theory has a smaller carbon footprint. environmental campaigners and scientists are sceptical saying this present more questions rather than answers. as katie austin reports. how to decarbonise flying is a very big and difficult question. a flight from london to new york today aims to demonstrate part of the answer. traditionaljet fuel is made from fossilfuels, from oil. this plane is being filled with an alternative — 50 tons of it. so—called sustainable aviation fuel or saf can be made from a variety of sources, including crops, household waste and cooking oils. on this occasion a combination of two types is being used. one that is made from waste fats — 88%. and 12% made from a fuel made out of waste from corn
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reduction in the us. it has a life—cycle carbon emission which is materially lower than traditional jet fuel. when we talk about sustainable aviation fuel, it comes across is that, including production which is where we see most of the carbon emission gain. at the moment such alternatives account for less than 0.1% of aviation fuel use around the world. relatively small amounts are made and they cost more. airlines argue it can play a significant role in making the industry greener if more of it can be produced but for the sector to meet emissions targets by 250 but for the sector to meet emissions targets by 2050 it would need other technologies as well. we cannot produce a majority of our fuel requirements this way because we do not have the feed stocks. even if you do, those fuels are not true net zeros. we must treated as what it must be, which is a stepping stone towards future genuine net zero technologies which might be e—fuels, it might be hydrogen,
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it might be some technologies which we still have at the laboratory stage. environmental campaigners stayed to cut emissions quickly is to fly fewer hour. india has clenched a i—$.6 billion investment from foxconn, the manufacture of apple iphone. 0ur india correspondent is joining us from mumbai. good to have you on the programme. tell us more about what this investment? it looks like they are raising this money essentially to expand their plan although blomberg which has seen some findings say they have made clear were exactly the money would go apart from saying that it would be essentially going into funding the operational needs into the country. foxconn has been expanding in india and it comes
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at the back of the announcement that the company would be essentially keen to double both its investments and also its workforce in the country over the next few years. they have recently hit a milestone of $10 billion so this in additional investment signals the bullishness of the indian market. it is also reflective in many ways of the global supply chain diversification that we see away from traditional markets like china into newer geographies like india, bangladesh and vietnam and certainly india seems to be the beneficiary of a lot of global manufacturing. it has been a boost to the indian prime minister. to try and really try lua some manufacturing investment away from china into india domestically.— india domestically. thank you very much — india domestically. thank you very much forgetting - india domestically. thank you
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very much forgetting us - india domestically. thank you i very much forgetting us update. tesla is suing sweden and it has scored an early win. the electric car maker sued the transport agency after postal worker stopped delivering license plates for its cars. an interim judgement the swedish court ruled the transport agency must deliver the registration plate. workers for post—nord, sweden's postal authorities, stopped delivering license base for tesla new car from becoming road legal. the move was intended to support a strike by tesla mechanics in the country after us carmaker turned down their request for a collective bargaining agreement, which is fairly standard in sweden. that is when sparks began to fly. on monday, tesla filed a lawsuit accusing the country's transport agency and postal authority post—nord of unfairly targeting the electric car maker. by not giving it access
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to the registration plate. a few hours later a swedish court issued an interim judgement in tesla's favour, saying it must deliver the plates. in response, ceo elon musk posted on x, the social media platform he owns, thanking the country. tesla's billionaire boss is famously antiunion and has managed to avoid collective bargaining in its global operations. the decision is a blow to the swedish labour movement but it is not the end of the fight. we turn out to australia where data shows retail sales for the month of october have slipped. like many, the country has been grappling with rising prices with its central bank raising rates in november to try and curb inflation but there slipped in spending is likely due to seasonal adjustments, according to anz a senior economist. i spoke with them earlier. people are spending in australia. there is still a lot of money
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flowing around in spending, savings buffers on aggregate have not been eroded and because we had run of the longest lockdowns in the world they are very strong. however, we are also seeing that some cohorts due to cost—of—living pressures especially in the housing market in australia are really not able to spend as much as last year. per person spending will be down but with over 2% population growth over the year as well as some cohorts having income growth as well as strong savings buffers, we are not likely to see any kind of cliff in spending this year. more just perhaps modest growth or a stagnate. before we go, another story that made the headlines. bytedance the parent company of tiktok is cutting jobs in its gaming division despite investing billions. spokes person said it is restructuring its gaming business after reviewing its strategic growth areas. much more on that story and all
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the other stories on the website. thank you very much for watching. stay with bbc. annoucer: bbc news - bringing you different stories from across the uk. at the central methodist hall, in coventry, volunteers have come together to put on the £1 panto. it's called cinderballer, and it's a take on cinderella — but the twist here is she wants to play football rather than go to the ball. # like a diamond in the sky... cinderballer actually is poor, and she has an evil stepmum, and she has dreams of being a massive football player. and the dream is to just show young kids and everyone else that anyone can follow their dreams. gareth southgate and sarina wiegman, the national team coaches, are in the cast.
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european champions and world cup finalists this year! cheering and i manage the men's and we've won... - anyway! and there is support from local semiprofessional players. putting out there that you should believe in yourself no matter what people say to you. lock up them haters and listen to yourself and good people around you. still trying to head in the direction the men are in and that is where potentially we want to be. cinderballer runs from 4—9 december, and the details on how to go are on friday's social media accounts. hi, i'm ellis with the catch up. tonight, new zealand new smoking ban cancelled, the amputee helping others and a cute new christmas app.
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the amputee helping others and a cute new christmas ad. but first, an agreement has been reached to extend humanitarian truce between israel and hamas in gaza for another two days. the current truce has seen one hostage freed by hamas in exchange for every three palestinian prisoners released and the ceasefire has allowed more aid to get into gaza. some other stories now. new zealand says it is scrapping its smoking ban for anyone born after 2008 to fund tax cuts. it was set to inspire the uk government in september to announce a similar smoking ban for young people. two teenagers accused of murdering brianna ghey showed a preoccupation with violent torturing death, the court has heard. 16—year—old brianna was trans. manchester crown court heard the school girl was stabbed 28 times in a sustained and violent assault in warrington. the accused teenagers who are both 16 deny murder. and, a 19—year—old from teesside who lost a leg
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when a tractor ran her over is hoping to use her experience to help others. lucy is becoming a peer support worker for a local charity. time now to leave you with ten seconds of festive cheer. move over m&s and john lewis, there is a new christmas ad on the block. this advert for charlie's bar in enniskillen county in northern ireland has racked up millions of views on social media. you are all caught up. bye for now. hello and welcome to sportsday. i'm gavin ramjaun. wolves are bitten twice by penalty decisions going against them as fulham edge a thriller at craven cottage. it's make or break for manchester united and newcastle united.
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paris and istanbul could mark the end of their european adventures. and can anyone catch max verstappen? for the future health of formula 1, someone has to, as the season comes to a close at abu dhabi. hello there — and welcome along to the programme. and drama to bring you from craven cottage right at the end in the english premier league between fulham and wolves. an injury time penalty saw fulham snatch all three points. five goals, three penalties, and var at the centre of much of the action on monday evening. marco silva's side came away 3—2 winners after a stoppage time penalty from willian won it from them. it looked as though hwang hee—chan�*s equaliser, also from the spot, had salvaged a point for wolves, at 2—2. but in the depths of injury time, willian made the game safe, scoring his second goal from the spot after the video assistant intervened to bring the game back after play
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had gone on. wolves boss gary 0'neill after the match not happy decisions going against his side again this season. i have two options now, as the leader of the group. keep conducting myself in the way i think i should and make sure all the players are still respectful to officials or we go that is not really getting us anywhere and we need to start making some noise. i want to just be myself and i want to behave in a way i think we should, i want my players to be respectful but there needs to be something on the other end because it is getting to a point now where my players are at a bit of a loss. the team spirit was there, the fighting spirit, the togetherness, the quality, not consistent during the whole game. gave us the chance to win the game and i think over all we deserve it because the other team tried to win the game. the players deserve the credit after a tough month for us.
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the last games, back—to—back defeats, we wanted to react

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