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tv   Asia Business Report  BBC News  December 12, 2023 1:30am-1:46am GMT

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fortnite and epic games has warned an anti—trust trial over after that was not google play up after that was not google play up marketplace according to epic chief executive tim sweeney who made the announcement hours after us federaljury took up the case but google has told the bbc that they are planning to challenge the verdicts they will have more in the story as it develops in the next hour. in vietnam, the chinese president xijinping is due in vietnam, the chinese president xi jinping is due to arrive in the capital hanoi and arrive in the capital hanoi and a couple of hours. he's there for two days, and the visit is aimed at strengthening ties with its southern neighbour. china is already vietnam's largest investor. this year, registered investment from mainland china and hong kong combined, doubled to more than $8 billion. that's compared to 2022 when
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covid-i9 that's compared to 2022 when covid—i9 restrictions were still in place in china. and alice describes what's at stake for both countries. i alice describes what's at stake for both countries.— for both countries. i think it's very _ for both countries. i think it's very much _ for both countries. i think it's very much reflecting i for both countries. i think. it's very much reflecting the importance of the naarm for china economically and of course it's an important neighbour as well. and so, the political relationship will be important in terms of the president strengthening bilateral ties further. and vietnam has become increasingly important in its own right as an export for china and is now the fifth largest export market for china and growing tremendously over the last 25 years as vietnam has become more important as a manufacturing hub for other countries.
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so enhancing economic ties is going to be very much the front and centre for xijinping's visit. the young report of business sentiment from the british chamber of commerce and industry owner also shows companies are still finding it difficult to operate in the world's second biggest economy at a time of deepening property prices and strained to belittle relationships. the chair of the british chamber of commerce in china reacted to the report's findings. china reacted to the report's findinus. ,, , ., findings. suddenly we were not surrised findings. suddenly we were not surprised to — findings. suddenly we were not surprised to see _ findings. suddenly we were not surprised to see pessimism - findings. suddenly we were not surprised to see pessimism go | surprised to see pessimism go down. last year in the depths of covid it was incredibly hard to do business. the one thing that surprised us was 60% of businesses that it was more difficult doing business now around october, november when we made the survey that he year ago. that has particularly hit
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the service sector especially. why, is that because of the worsening economic conditions or other other challenges? there are three main areas. it's the economy having an enormous impact. geopolitics, the chinese relationship with the chinese relationship with the uk and us, increasing nationalism. and the global economy. forthe nationalism. and the global economy. for the service sector, the backbone of the us economy —— uk economy, there is less business activity to provide revenue for the services. provide revenue for the services-_ provide revenue for the services. , . ., , ., services. other sectors that are doing — services. other sectors that are doing better— services. other sectors that are doing better in - services. other sectors that are doing better in china? | are doing better in china? relatively as and be in retail are doing better than last year of obvious reasons because there was knocked out and it was hard for them to conduct business but we are seeing bright spots in energy and healthcare and i think that mirrors a lot of the findings which is where you are one with government initiatives and government initiatives and government demand, they can be positivity for business. china cares a lot of healthcare now and protecting young adult
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people and energy look for self—sufficiency. i people and energy look for self-sufficiency.— people and energy look for self-sufficiency. i want to ask about the _ self-sufficiency. i want to ask about the recent _ self-sufficiency. i want to aski about the recent appointment self-sufficiency. i want to ask i about the recent appointment of former prime minister david cameron as foreign secretary. how do british businesses in china view that? in how do british businesses in china view that?— how do british businesses in china view that? in the server we asked _ china view that? in the server we asked what _ china view that? in the server we asked what was _ china view that? in the server we asked what was the - china view that? in the server we asked what was the mostl we asked what was the most positive action between uk and chinese governments this year and overwhelmingly it was the visit of former foreign secretary james cleverly. we welcome here but ultimately it's about engagement. will he was at the country soon? it's the second biggest economy on earth, the second biggest trading partner with ua so we hope to have quick engagement and the elections won't postpone visits both ways. to the us where the note auto workers union has failed unfair labour practice charges against honda hyundai and volkswagen and what it calls aggressive antiunion campaigns deter workers from organising. that's the details from aaron delmore in new york. first united auto workers union secured records again in pain benefits after
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six weeks of strikes against the biggest three automakers in detroit. the uaw set aside at organising non—union plants in the us and owned by foreign companies and electric vehicle makers tesla and ready in. now it's filed charges against honda, hyundai and volkswagen, accusing them of unlawful interference with employee efforts to unionised. in a speech on monday the president shawn fain did not mince words. our message to workers everywhere is simple. the uaw has your back. and our message to the companies is clear. an attack on a worker anywhere is an attack on workers everywhere. if you come after one order worker, you are coming after all of us. according to the end the activity experienced by workers ranges from surveillance to harassment, threats and intimidation, to confiscating, destroying and prohibiting prounion materials in the programme. volkswagen says it respects a worker rights
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determine who should represent the interests in the workplace and takes claims like this very seriously and will investigate accordingly. uaw membership is half of what was edgy thousand one and stands around a quarter otherwise at its peak in 1979. in response to the union claims honda has told the bbc it does not interfere with workers at�* rights to in activity and beyond i responded with a statement to say the union did not present an accurate picture of the offence. in other business news making headlines, hasbro says it will cut another 900 jobs around the world. the announcement is nearly a year after the maker of monopoly and peppa pig announced it would reduce 15% of its workforce amidst weaker sales. reduce 15% of its workforce amidst weakersales. consumers amidst weaker sales. consumers worldwide amidst weakersales. consumers worldwide have struggled to cope with persistently high inflation, forcing them to cut back on discretionary spending. but it's a boom time for
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india's luxury market from premium cars to designer handbags to find watches, all flying off shelves. this move also coincides with funding consumption across the broader market and worries of growing inequality in asia's third biggest economy. nikhil inamdar has more from mumbai. india's refresh, richest man i launching the country's largest luxury shopping centre. the opening featuring the red carpet studded with bollywood's biggest stars. the shops and salons and marquee global brands occupy prime real estate care. luxury fashion houses like balenciaga have made their india debut with this store. it's not hard to understand why these glitzy ultra premium shopping malls are springing up across the country. india is minting new millionaires. but
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it's notjust in retail were our growing appetite for luxury is visible. sales of ultra luxury homes have jumped fourfold this year. i am are flying off the shelves. and luxury car makers are having their first year ever. this meant fulfilled a lifelong dream last month when he splashed out on this $100,000 mercedes. translation: it’s a mercedes. translation: it's a bi . mercedes. translation: it's a bi da mercedes. translation: it's a big day for— mercedes. translation: it's a big day for me- _ mercedes. translation: it's a big day for me. i _ mercedes. translation: it's a big day for me. i came - mercedes. translation: it's a big day for me. i came from - mercedes. translation: it's a big day for me. i came from a l big day for me. i came from a humble background. people look at you differently. this humble background. people look at you differently.— at you differently. this is the new aspirational _ at you differently. this is the new aspirational india - at you differently. this is the new aspirational india that's| new aspirational india that's powering luxury car sales as they grow at least twice the pace of a broader market. younger buyers are also more open — younger buyers are also more open to— younger buyers are also more open to showing off their success, their wealth. there is clearly— success, their wealth. there is
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clearly an— success, their wealth. there is clearly an aspirational boom in india _ clearly an aspirational boom in india right now. but clearly an aspirational boom in india right now.— india right now. but the luxury boom comes _ india right now. but the luxury boom comes as _ india right now. but the luxury boom comes as consumer - india right now. but the luxury - boom comes as consumer spending in india as a whole stop while the rich are buying more than ever, the poor are cutting back. ~:: ever, the poor are cutting back. 4: :: ever, the poor are cutting back. ~:: :: jun ever, the poor are cutting back. ~:: :: bit ., ever, the poor are cutting back. ~:: :: jun ., , ., back. 60, 70, 8096 of people are still at the _ back. 60, 70, 8096 of people are still at the fringes, _ back. 60, 70, 8096 of people are still at the fringes, if _ back. 60, 70, 8096 of people are still at the fringes, if i _ back. 60, 70, 8096 of people are still at the fringes, if i may - still at the fringes, if i may use — still at the fringes, if i may use the _ still at the fringes, if i may use the word, _ still at the fringes, if i may use the word, of— still at the fringes, if i may use the word, of their- use the word, of their existence. _ use the word, of their existence. most - use the word, of their existence. most of. use the word, of theiri existence. most of the use the word, of their- existence. most of the growth in india — existence. most of the growth in india as _ existence. most of the growth in india as far— existence. most of the growth in india as far as _ existence. most of the growth in india as far as consumptionj in india as far as consumption is concerned _ in india as far as consumption is concerned is _ in india as far as consumption is concerned is largely- in india as far as consumption is concerned is largely left - in india as far as consumption is concerned is largely left byl is concerned is largely left by the top — is concerned is largely left by the top - _ is concerned is largely left by the too - 20%~ _ is concerned is largely left by the top — 20%. it's— is concerned is largely left by the top — 20%. it's not- is concerned is largely left by the top — 20%. it's not a - is concerned is largely left by. the top — 20%. it's not a small number, — the top — 20%. it's not a small number, that— the top — 20%. it's not a small number, that is— the top — 20%. it's not a small number, that is 42— _ the top — 20%. it's not a small number, that is 42— 50 - the top — 20%. it's not a small number, that is 42— 50 million people — number, that is 42- 50 million ”eole,�* ., i, , number, that is 42- 50 million --eole.�* . y,, ., people. analysts forecast the hu . e people. analysts forecast the huge number _ people. analysts forecast the huge number of _ people. analysts forecast the huge number of potential- huge number of potential customers will take luxury goods market to $100 billion in the next few years. and it could not come at a better time. china, which has been the biggest driver of growth for the luxury market, has been losing steam. nikhil inamdar, bbc news, mumbai. before we go, let's quickly check on asian markets because the japanese negates up by half % taking
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street and investors are waiting for the third's last meeting of the year to announce the cost of borrowing and inflation data to see if it has picked in the world's mixed economy. that's it for the programme. thank you so much for watching asia business report. voice-over: bbc news, - bringing you different stories from across the uk. breaking the law, these e—scooters filmed on the streets of lincoln the last few days, the only place they can legally be ridden is for the permission of the landowner it is become a common site. they scoot past you. don't even know they are coming around. a wide range of scooters on sale in high street shops alongside warnings from police and their message
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is think twice before you buy one as a present. you can only use on private land with the owner's permission, and for most people, they're not going to have the option. allowing people to travel, i think it is| a good idea. i think it's a good idea for an alternative to bikes, but into they're regulated and actually looked at, i think it's a problem. voice-over: for more stories from across — voice-over: for more stories from across the _ voice-over: for more stories from across the uk, head - voice-over: for more stories from across the uk, head to i voice-over: for more stories. from across the uk, head to the bbc news website. hey. i'm zoff with the catch up. tonight, mosquitoes in the uk, a ritz ring, and santa claus in a helicopter. our top story. a uk branch of a christian church has been secretly filmed trying to cast out evil spirits and a 16—year—old. a pastor from
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the universal church of the kingdom of god, known as the ckg, was in deciding what looks like strong prayers to rid the boy of a demon. it says under—18s are not allowed into strong press services. for more on this, you can watch panorama on iplayer. other stories now. mosquitoes — you probably associate the insects with being abroad, but ones capable of spreading diseases within the next 20 years. conditions are being made increasingly ideal because of climate change. customers have told us that they feel outraged after it shut down and lots of customers are worried that they will not get their money back. told customers to ask their local dentist any questions about further treatment. and a ring worth over £600,000 that went missing at the ritz hotel in paris has been found
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in a vacuum cleaner by the security guards. the owner was staying there and police are looking after it until she can collect it. and for 10 seconds of santa using a helicopter as he took 200 presents to a children's hospital in oxford in the fifth year that the youth activities team have organised this and it is just adorable. you're all caught up now. see you later.
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hello, i'm mark edwards. welcome to sportsday. here's what's coming up in the show. chaos and presidential condemnations as turkish fa halts league football after a club president punches a super lig referee. the nigerian double. victor osimhen is crowned african footballer of the year and his compatriot asisat oshoala takes the women's award. england name their men's test squad to tour india. we'll bring you up to date with those heading to the subcontinent and there's a big surprise in there
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we'll start with some extraordinary news from the top flight in turkish football. the countries football association has suspended all leagues after one of turkey's top referees, who is also on uefa's elite referee list, was punched to the ground by a club president after a fiery end to a match. halil umut meler was knocked down by mke ankaragucu president faruk koca who ran on to the pitch after his team conceded a 97th—minute equaliser in a 1—1 super lig draw with chaikur rizespor. meler received several blows from others as he lay on the turf. the incident sparked chaotic scenes involving players and club officials. the club president required treatment in hospital but "detention procedures will be carried out "after the treatment", according to turkey's minister of internal affairs, ali yerlikaya. we've had some statements in.
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the turkish fa chairman mehmet buyukeksi said in a news conference

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