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tv   Asia Business Report  BBC News  January 11, 2024 1:30am-1:46am GMT

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farms. welcome to asia india's farms. welcome to asia business report. we begin in the united states where securities and exchange commission has approved the first exchange traded funds that are directly tied to bitcoin. the long—awaited decision was accompanied by a stern warning about risks associated with the asset. ehren dylan moore has more from new york. this decision by the sec was years in the baking and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying while we approve the listing and trading of certain spot bitcoin it pt
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shares today we did not improve or endorse bitcoin. he said investors should remain cautious about the associated with bitcoin and says the currency is quote primarily a speculative asset" a false tweet was posted on the sec�*s official eggs account the day before saying it was approved. the sec said as social media account was compromised an investigation is ongoing. let's stay in the united states and head over to las vegas where the consumer electronic show is now under way. the biggest consumer tech show in the world. our north american technology reporter has been trying out some of the latest product. there is a lot of weird tech at ces. take this aeon day prototype card that clap like move sideways into parking spaces. or drone soccer, where the goal is to fly a drone through a doughnut shaped goal, which is harder
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thanit shaped goal, which is harder than it looks. now, start using the left stick and start moving. oh! as you can tell it takes a bit of practice to fly. how would you rate that out of ten? . . , how would you rate that out of ten? . .,, ., ,., how would you rate that out of ten? . .,, ., ., how would you rate that out of ten? ., .,, ., ., ., how would you rate that out of ten? . ., ., ., �* ten? that was about a two. but the big theme _ ten? that was about a two. but the big theme of _ ten? that was about a two. but the big theme of (£5 _ ten? that was about a two. but the big theme of (£5 that - ten? that was about a two. but the big theme of (£5 that she l the big theme of ces that she is al. it is everywhere. is this samsung )�*s section and probably more than any other company i have seen they have gone fully on board with al. they have a! fridges, vacuum cleaners and even washing machine. now, when you turn it on dash you are going to see the ai. �* . ., on dash you are going to see | the ai._ exactly. the ai. nai function. exactly. here, the ai. nai function. exactly. here. once — the ai. nai function. exactly. here, once you _ the ai. nai function. exactly. here, once you go _ the ai. nai function. exactly. here, once you go into - the ai. nai function. exactly. here, once you go into a - here, once you go into a different type of flooring, you give itjust different type of flooring, you give it just a different type of flooring, you give itjust a second and you will see that it is going to change... it definitely has more power. once you have not pressed anything back? i have not pressed anything. but the
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fridge can detect any food you haven't suggest recipe. elsewhere at the show and ai mirror can analyse your face and tell you what skincare you need. , . ., , and tell you what skincare you need. , , , ., need. this could be brutal. i am quite — need. this could be brutal. i am quite jetlagged. - need. this could be brutal. i am quite jetlagged. 0h! - need. this could be brutal. i l am quite jetlagged. 0h! bags am quitejetlagged. oh! bags noticeable. i havejust got am quitejetlagged. oh! bags noticeable. i have just got off a ten hour i think it is quite good. overall it is good. it is your personal mirror, right? how do i closer? , close. this you will see every day to make sure you have all the steps. it has obviously given me and ibac dash cleanser, peptides and eye cream, serum and retinol yes. pretty harsh but maybe ai is telling me what no—one else would dare to. there is i—word of caution about all of these new a! product. two years ago everyone here was talking about
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metadata. it is definitely not the case this year. it is difficult not to know ——to know what is a fad and what is... al is all the rage at ces. a tech analyst at the fair in las vegas told me this year is all about how ai will play a much larger role in our lives. this ear, i larger role in our lives. this year, i think, _ larger role in our lives. this year, ithink, is— larger role in our lives. this year, i think, is really- larger role in our lives. this year, i think, is really the i year, i think, is really the year, i think, is really the year of ai. generative ai is everywhere. all the major announcements are based around ai announcements are based around a! and it is very clear, being ai and it is very clear, being at the show live in person, a! is about to play a bigger role in all of our lives. we is about to play a bigger role in all of our lives.— in all of our lives. we have been hearing _ in all of our lives. we have been hearing a _ in all of our lives. we have been hearing a lot - in all of our lives. we have been hearing a lot about . been hearing a lot about chatgpt and so on but do you think a! will depersonalise this year? think ai will depersonalise this year?— think ai will depersonalise this ear? , ., this year? yes. the important announcements _ this year? yes. the important announcements coming - this year? yes. the important announcements coming about this year? yes. the important i announcements coming about al announcements coming about a! are about on device ai. basically what is happening is the chips that process information in devices like smart phones and laptops are
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even cars, are bringing ai smart phones and laptops are even cars, are bringing al on the chip on the device. what that means is that your data is going to be processed with al in a more secure and more efficient way. in a more secure and more efficient way-— in a more secure and more efficient way. speaking of ai, farmina efficient way. speaking of ai, farming in — efficient way. speaking of ai, farming in india _ efficient way. speaking of ai, farming in india is _ efficient way. speaking of ai, farming in india is seeing - efficient way. speaking of ai, farming in india is seeing a i farming in india is seeing a technological transformation. a report of as there. for generations, indianfarms report of as there. for generations, indian farms have been sold and tilled only with traditional know—how. but some like this man a trying out something different. with sensor devices on his wynyard, they check weather and soil health and use artificial intelligence to figure out when to water crops and fertiliser and tackle test. he receives a price advisory on a mobile app. , this is where we are now has no groundwater sources and we are growing these wines with
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the water be purchased from outside tankers. with help of ai outside tankers. with help of a! data, we are now able to irrigate them only at the crucial stage and that is helping us to save around 50% of water actually used before. building india's silicon valley bangalore fossil take, the service has led to an almost 25% boost in productivity in crops like grapes and guava. it is only one part of the solution to improve productivity but weeding out inefficiencies in the existing age—old agricultural practices is also crucial. ai powered robots offer a solution. this wine is equipped with precision cameras that scan the ground in real—time, programmed to avoid spray. , the way spraying is donein spray. , the way spraying is done in india is on an acre level. our mission is to bother down into a plant level
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decision—making, just by spraying only on the plan we are seeing a 56% savings. improved rule conductivity and government support for agri— start—ups as part of it pushed farm innovation. butjust now to% farmers use tech. in two second there is going to be public—private partnership. india will also always be resource... possibly are pretty much constrained on finance and insurance services for the partners and that is where the gap needs to be filled up with al. ai promises profitability ai. ai promises profitability but will need considerable time and investment to reach the majority of india's farmers. let's turn to the security issue in the red sea which seems to be escalating. the
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united states in the uk have hinted that they could take military action against yemen's with two rebels after they repelled the largest attack yet again shipping in the area. the red sea is a strategic waterway for both global trade and disruption there could start the lexmark inflationary pressures around the world. that will have impact on central—bank's plans this year. katrina from moody's analytics told me what she's our expectation is that while, as you say, while last year was all about rate hikes, this year is all starting to think about easing monetary policy. our expectation is that many central banks will actually start looking at delivering rate cuts about midyear. it is important to keep in mind that central banks are not quite there yet because for many, including career, inflation is still not back to central—bank ranges. in korea inflation has cooled down to... but it needs
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to be about 2% central—bank band. what they hoping to do is over the next couple of months we will see that sustained but still bumpy downtrend in inflation that will be enough to deliver a gradual easing cycle for all about midyear. i wanted to ask about inflation which has eased but the situation in the red sea, many economists seem to suggest that could actually affect inflation figures as well. what are you expecting in terms of geopolitics potentially affecting economic a really good question and i think geopolitical risk needs to remain front of mind particularly when we're thinking about monetary policy and impacts. what we can see is that russia's invasion of ukraine early 2022 really crystallised just how important energy prices are when it comes to inflation and also setting monetary policy. given we do have increased tensions in the middle east, it is something we
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need to keep in mind, particularly given that while we have not seen oil price response to date and our expectation is we will not, it is still something to keep in mind because it will have inflationary impacts if we do see a meaningful supply disruption to energy. and a quick look at markets before we go. japan's nick i pushing the highest level in 33 years. that are set for this edition of asia business report. thank you so much for watching! —— that is it for this addition. bbc news, bringing you different stories from across the uk. at home with the rileys. a new scheme is providing tonight's meal. the nursery sent bags of food home with the children on a friday so we can make a meal with the kids and all help prepare the food, it gets us together
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as a family cooking. the local authority is advising participants to use an artificial intelligence app. paul enters the ingredients to receive a recipe suggestion. the scheme uses ingredients from this warehouse in newcastle. we've got huge variety of foods from ambient, chilled and frozen foods, we never know what you will get. much of it would go to landfill sites, by us rescuing it, we can sort it out and redistribute it. from warehouse, to nursery, to here. nice to give us some ideas of different things to cook, things to get the kids involved, just new ideas for new recipes as well. the app's great in that if you've just got a lot of random things in your house and you don't know what to make, put it all into the app and it gives us some great ideas. i like fried rice! food that would have gone to waste is being put to good use.
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for more stories from across the uk, head to the bbc news website. hey i'm here with the catch up. tonight, chaos in ecuador, and robots making coffee. the prime minister has announced a new law that will clear victims of the post office scandal. more than 700 workers were wrongly prosecuted after faulty software made it look like they had stolen money. new law will compensate victims. many say their lives were ruined. next up, armed gunmen threatened a presenter on live tv in ecuador after days of violent. ecuador�*s declared an emergency on monday after a notorious gangster banished from prison. ione wells has more. gangster banished from prison. lone wells has more.— lone wells has more. police in ecuador is _ lone wells has more. police in ecuador is a — lone wells has more. police in ecuador is a 13 _ lone wells has more. police in ecuador is a 13 people - lone wells has more. police in ecuador is a 13 people have . ecuador is a 13 people have been arrested since that particular attack and that the number of weapons but also vehicles have been seized in relation to the attack.-
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vehicles have been seized in relation to the attack. some of the stories _ relation to the attack. some of the stories now, _ relation to the attack. some of the stories now, a _ relation to the attack. some of the stories now, a calvin - relation to the attack. some of the stories now, a calvin klein | the stories now, a calvin klein ad has been banned after complaints it was overly sexualised. the poster showed a poster of the singer faa twig. calvin klein said it was similar to as calvin klein said it was similarto as it calvin klein said it was similar to as it has been releasing for years. rapa skepper has apologised and taken down the artwork from his new single after some said it reference a holocaust, the cover showed men with shaved heads, skeppersaid cover showed men with shaved heads, skepper said no offence was meant. stephen fry has backed an annual rights campaign... and bearskin caps worn by buckingham guard. he was ten seconds of your future brister. how about this for your morning caffeine fix? adam was unveiled at a tech show and they say it can make any drink whatever. call or creepy? what do you think? that is it from me. you are all caught up. rory
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mcilroy says that golf needs it to take it forward. and one of the nfl�*s longest serving coaches leaves the role in seattle. serving coaches leaves the role in seattle-— in seattle. the pursuit of the createst in seattle. the pursuit of the greatest of _ in seattle. the pursuit of the greatest of the _ in seattle. the pursuit of the greatest of the moment - in seattle. the pursuit of the greatest of the moment that j in seattle. the pursuit of the - greatest of the moment that you celebrate with everybody. welcome along to the programme. liverpool are a step closer to the league cup final after beating fulham in the first leg semifinal encounter at anfield. it could have been the visitors walking away with advantage, but three crucial second—half minutes saw but three crucial second—half minutes sanurgen klopp's side turn the game. liverpool will go to craven cottage as strong favourites, but for much of the first leg, it was fulham who led after
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williams' eye—catching nimble

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