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tv   Asia Business Report  BBC News  January 9, 2024 1:30am-1:46am GMT

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as a airlines conduct inspections following in—flight incidents. plus, ces, the world's biggest knowledge of the fair is just getting under way where are on the ground in vegas to tell you all about the latest trends. welcome to aged business rapport, with me. we begin this morning with boeing because its shares have fallen by more than 8% on wall street. —— asia business report. it had an incident midway with a boeing 737 max 9s operated by alaska airlines. they are renewed questions about the safety of the plane and is in order to grant dozens of aircrafts that remain in effect. the plane maker has now put out a statement promising to help airlines address and a finding that result from the inspections. after a panel blew
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off a boeing 737 max 9s jet operated by alaska airlines midflight on friday, the faa ground more than 170 other max lines. upon inspection, united airlines down problems with more doors, loose bolts are at least five panels in otherjets of that model, the news was reported by a current. united stated in a statement that the company found instances that appear to relate insulation issues in the door plug, for example, bold they needed additional tightening. that is on saturday when inspection began. the company also said that these findings will be remedied by our take up steam to safely return the aircraft to safely return the aircraft to service. boeing fell 8% and the incident return scrutiny to the incident return scrutiny to the company after the 2019 grounding of 737 max jets. united and alaska airlines are the two largest operators of the two largest operators of the model that's been grounded inspections could result in cancelled flights for days. let's stay in the united states
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and head to las vegas where the world's biggest technology fair, ces is getting started. it quicker to walk around 130,000 visitors and not surprisingly, the theme is around artificial intelligence. michelle is there and she told me many of the products that will be invalid are powered by ai. this past year has been ai and i'm depressingly, here in las vegas at the consumer electronic, it once again the hot topic, you can see running through pretty much every single product you imagine that it's going to be. i was looking at one piece earlier and it was at one piece earlier and it was a ring that is a combination of a ring that is a combination of a fitness tracker but also a health coach, or powered by ai going through combing through the data that is collected to make sense of it. that's the useful and of things, if you'd like, but we will see people try and jam it into everything
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because general ai has been transformative so that's one of the things to look for and the question really, from the business community perspective, is what does it mean going forward? what's going to look like in a decade from now? how much the technology that we see this week is actually going to be in existence ten years from now? of course, it's a great place to interview some really hot take, entrepreneurs, isn't it? who are you hoping to speak to without letting the competition? i to without letting the competition? to without letting the com etition? ., ., competition? i mean, on the fun side of things, _ competition? i mean, on the fun side of things, dimensions - side of things, dimensions cars, this is the place where, for years and years, carmakers can deter their ways and shares an increasingly computers on wheels. i don't think we will see so much autonomous staff, it will be in some way a darling—baaka and tronic vehicles, because that's where the consumer market is run out. but that being said, i am hoping to take a look at a flying taxi off—line car so we will see, they may not be someone that's coming to the street anytime soon but it
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should be fun to have a look at. ~ . , , at. michelle will be bringing ou all at. michelle will be bringing you all the _ at. michelle will be bringing you all the letters _ at. michelle will be bringing you all the letters from - at. michelle will be bringing you all the letters from ces| you all the letters from ces over over the next couple of days so stay tuned. let's stay with take because apple has started making payments to millions of people as part of a long—running lawsuit either whether it deliberately slowed down the speed of some iphones in america. its claimant will be receiving around 90 us dollars which is a share of the almost $500 million settlement. a similar case is now under way in the uk seeking more than £1.5 billion in compensation. 0ur £1.5 billion in compensation. our technology editor has more. nearly a decade ago, the iphone 6 and seven launch to great fanfare but in 2017, apple confirmed that a software update made some of models work more slowly, the firm said it was to prolong the life as a battery age but it hadn't told customers. a group of people affected by the slowdown phones took legal action in the us and today, apple has settled the case. the tech giant will pay
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out half $1 billion, that's around £70 per claimant, it's a small change to the world's richest tech firm and its not admitting liability. this is similar class action going on here in the uk and byjustin gutman but is slow. it’s here in the uk and by justin gutman but is slow.- gutman but is slow. it's all cross gutman but is slow. it's all gross to — gutman but is slow. it's all gross to my _ gutman but is slow. it's all gross to my meal, - gutman but is slow. it's all gross to my meal, it - gutman but is slow. it's all. gross to my meal, it doesn't help in terms of moving my case forward dramatically, i'm very pleased for the consumers in the us who are now able to make a claim. ., ., , ., , a claim. how does it feel to be takin: a claim. how does it feel to be taking on _ a claim. how does it feel to be taking on a _ a claim. how does it feel to be taking on a big _ a claim. how does it feel to be taking on a big beast - a claim. how does it feel to be taking on a big beast like - taking on a big beast like apple? taking on a big beast like a. le? taking on a big beast like a- le? �*, taking on a big beast like a. le? f ., apple? so, it's daunting in that respect _ apple? so, it's daunting in that respect but _ apple? so, it's daunting in that respect but the - apple? so, it's daunting in that respect but the case l apple? so, it's daunting in| that respect but the case is apple? so, it's daunting in i that respect but the case is a good case and there are so many million people involved, i'm enthusiastic about this, you have to be otherwise you would never start. have to be otherwise you would never start-— never start. here in the uk, consumers _ never start. here in the uk, consumers will _ never start. here in the uk, consumers will have - never start. here in the uk, consumers will have to - never start. here in the uk, consumers will have to wait | never start. here in the uk, - consumers will have to wait and see if they get the similar pay—out. all batteries live power over time, apple says the iphone power is good for 500 charges, that's going from zero
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to 100%. in 20% charge is half a cycle. there are power saving tips like dimming the scream in limiting apt functions but ultimately, our need for longer lasting and more powerful batteries is a challenge for all the tech firms. apple said it had no statement for us, it's previously said he would never intentionally shorten the life of products so. here in asia, the tech giant samsung electronics says its operating profit in the fourth quarter estimated to have fallen by more than a third from a year ago. tojust over $2 million. the tech giants projections is much worse than what analysts had expected and it comes amid weak global demand for consumer electronics. now, it's going to be a busy election year in many parts of asia, where taiwan polling day on saturday and next month, indonesia and then around april, india. let's hear from our reporters. this
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presidential election in taiwan is being fought over one issue — and that is what sort of relationship taiwan should have with china, and just politically but economically. the opposition kmt, the candidate says taiwan needs much better relations with china and the other party to achieve that, over the last two and three years, taiwan's exports to china have fallen by more than a quarter and a massive drag on the economy here. but the kmt says, we can rebuild relations with beijing and in that year, exports will start to grow again and that will help to boost economic development here, economic growth but wages and job prospects. the tpp which has beenin prospects. the tpp which has been in power here for the last eight years is exactly the opposite. it says its overdependence on china's economy that is the problem that allows beijing to use that dependence as a weapon of a pressure on taiwan, that is
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exactly what beijing has been doing, they say, over the last two years, sanctioning different taiwanese countries and businesspeople. they want see taiwan companies diversified to other countries, to south east asia and newmarket in india and africa. the unemployment rate of southeast asia's largest economy currently sits at 5.3% and those between the ages of 15 and 2a make up nearly a fifth of those unemployed. in a country of over 275 million people, that's nearly young people, that's nearly young people struggle to find jobs. all three potential candidates create new jobs all three potential candidates create newjobs if elected each in a different way. the first one says losing small and medium enterprises which contribute 61% of the country's gdp will create 19 million jobs. meanwhile, the second candidate is focusing on providing funds to young people
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to start businesses. and lastly, the third says he would allocate a large sum of state budget for small enterprises. in india, prime minister nerrina— in india, prime minister nerrina ramoly find themselves in a sweet spot as we go into an election year. the stock market _ an election year. the stock market right there behind me has been _ market right there behind me has been soaring to new highs. india's— has been soaring to new highs. india's gdp galloping ahead of most — india's gdp galloping ahead of most other major economies in the world — most other major economies in the world inflation has begun to edge — the world inflation has begun to edge down in interest rates are expected to also start coming _ are expected to also start coming down in the next few months _ coming down in the next few months but there are persistent concerns— months but there are persistent concerns that remain on things like unemployment or the fact that welfare spending and spending on things such as education and healthcare by the government hasn't really paid off. government hasn't really paid off they— government hasn't really paid off. they are excited to be in a much — off. they are excited to be in a much better position and a fragmented opposition. before we no, fragmented opposition. before we go. one _ fragmented opposition. before we go. one of— fragmented opposition. before we go, one of the _ fragmented opposition. before we go, one of the most - fragmented opposition. before we go, one of the most iconicl we go, one of the most iconic partnerships and the world of sports is coming to an end.
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tiger woods has parted ways with nike, he announced the move in a social media post. he had been a brennan mass citizens 1996, that's when as a 20—year—old, he signed a five year, $40 million contract. it was the beginning of one of the most lucrative endorsement deals in all sports history. nike also confirmed that the ending of the partnership with its own social media post. that is it for the submission of asia business report, join us again next hour if you can buy for now, thank you so much for watching the programme. bbc news, bring you different stories from across the uk. this is in a supermarket or corner shop, this is in a supermarket or cornershop, it's this is in a supermarket or corner shop, it's a church hall, inverted into what's known as a warm space. that's
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when we were all moving this. this one set up last year, the original plan to help people cope with the biggest rise in prices in 70 years. a year run, nothing is changed.— nothing is changed. high cost of livin: nothing is changed. high cost of living is — nothing is changed. high cost of living is concerned, - nothing is changed. high cost of living is concerned, people with income families, is such a tight squeeze at the moment. farfrom being so tight squeeze at the moment. far from being so out of desperation, these places are beginning of hope for the those who live nearby. there are almost 300 of these places now across the capital and what they do is start off as a response to something like the cost of living crisis but what they really become is the hub of the local community. people came because _ of the local community. people came because they _ of the local community. people came because they were - of the local community. people | came because they were looking for warmth, that was the idea, that would be able to turn the heating at home so they came for the healing but often what they did is they stayed for the meeting. they did is they stayed for the meetinu. ~ . ., ., ~ they did is they stayed for the meetinu. ~ ., ., ., ~ ., ., meeting. what we look at our news or see _ meeting. what we look at our news or see the _ meeting. what we look at our news or see the cost - meeting. what we look at our news or see the cost of - meeting. what we look at our news or see the cost of living | news or see the cost of living crisis — news or see the cost of living crisis as— news or see the cost of living crisis as it _ news or see the cost of living crisis as it is, there's so much _ crisis as it is, there's so much to— crisis as it is, there's so much to be sooner optimistic about — much to be sooner optimistic about. but if you come here on about. but if you come here on a thursday— about. but if you come here on a thursday afternoon, and you give _ a thursday afternoon, and you give out — a thursday afternoon, and you give out hot chocolate to
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someone or you receive something or you have a chat with— something or you have a chat with somebody and talk to somebody, you will see some of hope _ somebody, you will see some of ho e. ., somebody, you will see some of ho e, ., ., somebody, you will see some of hoe. ., ., , ., , somebody, you will see some of hoe. ., ., , ., hope. for more stories from across the — hope. for more stories from across the uk, _ hope. for more stories from across the uk, head - hope. for more stories from across the uk, head to - hope. for more stories from across the uk, head to the l hope. for more stories from i across the uk, head to the bbc news website. tonight, apple phones goes, the golden globes and wake boarding in the floods. the first, idris elba says the government needs to immediately ban the sale of so—called zombie and machetes. to reduce the number of young people using knives, he told the bbc a plan change which was interviewed needs to be fast—track. interviewed needs to be fast-track.— interviewed needs to be fast-track. apparent and i really think _ fast-track. apparent and i really think there - fast-track. apparent and i really think there are - fast-track. apparent and i i really think there are country is a boiling point with sensitive to this topic, we all feel the pain when we see it on the news but there's very little done and that
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reverberates into actual action. ., , ., action. the government said it remains committed _ action. the government said it remains committed to - action. the government said it i remains committed to furthering intervention measures but it's not clear what will come into force. if you've been affected by knife crime, visit bbc action line. some other stories now, an itv drama has got loads more people interested in the scandal but hundreds of local post office managers going criminal convictions because of faulty software. today, the pm said he will do everything you can to make it right. next, apple has begun making payments of claims it deliberately slowed down certain iphones in the us. it comes after court cases resulted in a $500 million settlement. and the closing goals on sunday, 0ppenheimer was the big winner, taking home five awards. —— golden globe. succession one big on the small screen. time now for a ten second i wake boarding, this man wakeboard it
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through floodwater after recent heavy rainfall caused river levels to rise. you are caught up, bye for now. hello and welcome to sportsday, i'mjane dougall.
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two legends of the sporting world pass away. football icon franz beckenbauer, one of only three men to win the world cup as a player and a manager, has died at the age of 78. and rugby giantjpr williams has also passed away. the revered full back won three grand slam titles with his beloved wales, he's died at the age of 74. in the fa cup on monday, relief for eric ten hag as manchester united defeat wigan to go through to the fourth round, following a controversial bruno fernandez penalty. and an historic moment at the snooker with only a fourth ever 147 at the masters, but it wasn't enough for ding to defeat 0'sullivan.

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