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tv   Asia Business Report  BBC News  December 18, 2023 1:30am-1:46am GMT

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hoped stop egyptian officials insist shipping traffic is flowing normally through the suez canal attacks on the red sea. streaming wars as netflix releases its viewing data, we look at the ever crowded streaming space. hello and welcome to asia business report. egyptian officials insist traffic is flowing normally through the suez canal despite recent attacks further south in the red sea. iranian—backed rebels in yemen have repeatedly targeted commercial vessels leading some of the world's largest shipping firms to suspend routes in the area. there had been concerned the
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israel — hamas wore widespread the region. here's our business reporter david waddell. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. i'lljust show you where that is. it is at the south side of the red sea. and at the north side of the red sea, we have the suez canal. these are two of the world's biggest choke points. if anything halts shipping through these points then it has a major effect on other shipping. any ships making their way from india or the philippines to europe or the united states, further west has to come through here and here then eventually through the straits of gibraltar before going further west or north from there. the alternative is to go south around the cape of good hope, suez canal and that
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adds 14 days possibly on to the journey time. now the suez canal authority have given a statement they are keen that business flows through there, they say. they have said on sunday 77 ships made their way through the suez canal, which is fairly normal, they said in recent weeks since 19 november over 2100 ships made their way through versus 55 who would normally make that route making their way around the cape of good hope. david waddell on the security situation in the middle east. moving to the entertainment industry, netflix recently released viewer data for 99% of its catalogue for the first time. the firm has been criticised for not being transparent about how content performs on its platform. netflix, founded more than two decades ago in california,
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started as a dvd rental business before moving into streaming and racking up to 20 million subscribers. but the space is crowded with other providers like amazon prime and disney+. bob o'donnell from the technalysis research consultancy told me there had been demand for this data from netflix for a long time. people have been really anxious to see these kinds of numbers. netflix has shown top ten lists in the past, gave away a little bit of information but nothing like this, this is a treasure trove of data for people who are in the entertainment industry and competitors as well but everybody will be really analysing this data to see what kind of shows are popular what type of things are not. it will give a lot of opportunities to the actors and producers of certain shows.
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and other shows may realise they are not doing quite as well as they initially had hoped. does the industry think this is accurate data, does the number of hours mean a show is popular, netflix is success comes in different shapes and sizes? a, comes in different shapes and sizes? �* ., ., comes in different shapes and sizes? ., ., , , ., sizes? a lot of people stream thins in sizes? a lot of people stream things in the _ sizes? a lot of people stream things in the background, - things in the background, depends how they count downloads versus the viewer times, there will be some differences. it is is about as good a metric as you will get none of these things are perfect, none of the traditional tv ratings have been perfect either. you take it for what it is and you look at it, you will see a lot of companies some of the competitors will feel pressure to release some of this information as well. it gives you a sense of how impactful netflix actually is on a worldwide basis because the number of viewers and the amount of time spent with
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netflix when you add these numbers up is absolutely staggering stop to india and the prime minister has officially opened a new diamond exchange in the western city of spirit. exchange in the western city of s - irit. , ., , exchange in the western city of sirit. ,., , , exchange in the western city of sirit. , , ., , spirit. the bourse is housed in the world's — spirit. the bourse is housed in the world's largest _ spirit. the bourse is housed in the world's largest office - the world's largest office complex, a record previously held by the pentagon. it will contain state customs facility, retail space and bolts of international banking. mr modi says the bourse will create 150,000 newjobs. 0ver says the bourse will create 150,000 newjobs. over the weekend artificial rain was used for the first time in pakistan to reduce dangerous levels of smog in the city of lahore. planes that spread a mixture of salts over the city to encourage condensation to form as rain stopping the government has been shutting factories markets and businesses during weekends to reduce pollution but without much success. we are into the final two weeks of the year and
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this week we are watching policy meetings of a couple of central banks in the region. on tuesday the bank of japan will announce its direction on the cost of borrowing, a political scandal with the japan ruling party has raised hopes the world's third largest economy could unwind its decades long, decades long policy of ultralow rates. 0n decades long policy of ultralow rates. on thursday we will get a rates update from the bank indonesia, the forecast is the central bank will hold as inflation there is within its target range. if you recall last week investors cheered the us federal reserve moves to keep interest rates on hold and also signal potential rate cuts next year. jan wong from an investment firm told me what she is expecting when it comes to rate decisions from china. we are expecting them to remain on hold at this moment, but a lot of us will wait for the
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federal reserve is doing, we expect them to remain on hold until the middle of next year and then many of the central banks in this region will be able to follow that to cut interest rates but for the boj and china is the outlier they will cut interest rates down the road and doj will interest rate increased starting from next year. rate increased starting from next year-— rate increased starting from next ear. . . next year. the chief executive of a nuclear — next year. the chief executive of a nuclear waste _ next year. the chief executive of a nuclear waste processing | of a nuclear waste processing centre in the uk has hit back at claims of cyber breaches and lacks safety standards. a british newspaper reported sellafield had been hacked by groups linked to russia and china. in an exclusive or —— interview for bbc news the boss denied reports and dismissed concerns ageing and decaying facilities filled with radioactive waste could cause a nuclear disaster. sellafield is
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your�*s most hazardous nuclear site, a sprawling complex of ageing facilities. large quantities of highly radioactive waste here as well as plutonium a toxic material that could be used to make weapons. security is intense so allegations that its it systems have been hacked are extremely serious. the chief executive insisting they are entirely unfounded.— insisting they are entirely unfounded. ~ . ., , , unfounded. we have absolutely no evidence _ unfounded. we have absolutely no evidence to _ unfounded. we have absolutely no evidence to suggest - unfounded. we have absolutely no evidence to suggest our - no evidence to suggest our systems have been hacked fashion you have mentioned and was mentioned in the paper by a state actor 0ettl. you was mentioned in the paper by a state actor 0ettl.— state actor 0ettl. you say there is — state actor 0ettl. you say there is been _ state actor 0ettl. you say there is been no - state actor 0ettl. you say there is been no evidence state actor 0ettl. you say i there is been no evidence of state actor 0ettl. you say - there is been no evidence of a hackin there is been no evidence of a hack in a way mentioned by the newspapers there in evidence of a hat? h0 newspapers there in evidence of a hat? ., . , newspapers there in evidence of a hat? ., ., , .,, , a hat? no we have very robust moti layer— a hat? no we have very robust moti layer protection - a hat? no we have very robust moti layer protection systems| moti layer protection systems which would indicate of anything like that had happened. anything like that had happened-— anything like that had happened. anything like that had hauened. ., , ., ., , happened. that is not the only accusation _ happened. that is not the only accusation fired _ happened. that is not the only accusation fired at _ happened. that is not the only accusation fired at sellafield, i accusation fired at sellafield, it is also alleged crumbling
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and decaying facilities like this are unsafe and could present a risk to the public board trigger a nuclear disaster. this fast opening upon contains hundreds of tons of used nuclear fuel and radioactive sludge that has accumulated over decades, the challenge now is to keep it safe because it is an old facility while at the same time carrying out the long process of decommissioning it. the question is is that process being done fast enough. seller passed insist that is, work to clean and into the pond is under way using a variety of robot submarines. this building is a rubbish dump for decades worth of nuclear scratch. but a league unseen and inaccessible as letting radioactive fluid seep into the ground. this mechanical grabber is being used to retrieve the wasteful storage elsewhere but it is a process that will take years. sellafield denies it is a problem that has been swept under the carpet. we problem that has been swept under the carpet.— under the carpet. we are straining _ under the carpet. we are straining every _ under the carpet. we are straining every sinew- under the carpet. we are straining every sinew to l straining every sinew to
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accelerate safely what we have to do to stop the leak and the best way to do that is to remove the waste safely so we can get there as soon as we can. :: can get there as soon as we can. 1: , ., , ., can get there as soon as we can. i, . ., can. 70 years of the nuclear industry _ can. 70 years of the nuclear industry have _ can. 70 years of the nuclear industry have left _ can. 70 years of the nuclear industry have left sellafield| industry have left sellafield with a difficult and dangerous legacy. bosses here insist they have nothing to hide. but the latest controversy illustrates one of its biggest problems — a lack of public trust. before we go the new head of the turkey central bank has claimed she has to live with her parents because property in istanbul is so expensive that. she took up her post injune and the ankara —based bank having spent two decades in the us she worked at goldman sachs among other firms. with inflation in turkey running at 61% she suggested istanbul might become more costly than manhattan. that's it for now, do stay with bbc
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news. bbc news, bringing you different stories from across the uk. an emotional day for homeowners who found themselves living on the edge, far earlier than they expected to. i am still in shock. i have been for the last week. i am not in tears or anything, i'm not that sort of person but, you know, i guess, if i was that sort of person i would be just sitting down with my head in my hands, not knowing what to do. land under houses on the marrams at hemsby has been badly affected over the past decade. storms last month saw 100 metre section of the road fall onto the beach. four full days is what's been given to try and remove the most dangerous houses from the side of the cliffs. of course, they are trying to work around the tides, the weather and restricted lighting. all this destruction you see around us right now is caused by one box on one spreadsheet, which is their cost base ratio
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and that is what we're working with with local government and the environment agency to change, that is what we just are fighting for, is one box, on one spreadsheet. the environment agency has spent almost £500 million on coastal defence in norfolk, suffolk and essex since 2013. but for those here, it is too little, too late. for more stories across the uk, head to the bbc news website.
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bringing you different stories from across the uk. for 70% of the world's population, this is what doing the laundry looks like. women and children spending hours each week scrubbing by hand. and this is the solution — a flatpack manual washing machine being built in corby. british engineer nav was inspired by a visit to southern india. and they wash with cold water in buckets on the floor,
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causing back pain, joint pain, and skin irritation. with our machine, it saves 75% of time and 50% of water, compared to hand—washing clothes. and here it is, from flatpack to fully—assembled. so you open the lid, put your clothes inside, you put your water and your laundry detergent in here, close the lid — and of course, the most important bit is how you operate it, using a handle. and once your clothes are clean, the dirty water comes out here. 0ver100 staff from this component supplier have volunteered their time to build the machines. so far, 180 machines have been sent to 15 countries, giving thousands of women and girls their time back. for more stories from across the uk, head to the bbc news website.
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hello and welcome to sportsday. i'm jane dougall. arsenal march to the top of the premier league with arteta leading them to victory over brighton. a point for both managers at anfield after a goaless draw between rivals liverpool and manchester united. and harry kane scores a brace for bayern — taking his tally to 20. hello and welcome to the programme. we start with an entertaining day in the english premier league where arsenal have returned to the top of the table after a convincing 2—0 win over brighton. they opened the scoring in the second half with

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