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tv   Asia Business Report  BBC News  January 25, 2024 3:30am-3:46am GMT

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find out why the popular dish is dividing people in india. hello and welcome to asia business report. i'm steve lai. the federal aviation administration in the us says it will not allow boeing to expand production of the 737 max jets. almost 200 jets have been grounded after a cabin panel blew out on a plane while it was in the air. the faa did, however, say the max 9, the plane that was involved, could return to service after inspections. united airlines says it has been given the go—ahead to get its planes back in the air. this comes as boeing's boss faced questions from us lawmakers over that midair incident, as erin delmore explains. the boss of boeing, david calhoun, said he understood the seriousness of the safety questions facing the company as he was on his way to meet with us senators on wednesday.
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we believe in our airplanes. we feel they are safe airplanes and our people do, we have confidence in the safety of our airplanes. the embattled boeing ceo is trying to reassure airlines, regulators and passengers after a near—catastrophic alaska airlines incident earlier this month, which saw a cabin panel blow off a brand—new 737 max 9 jet. since then, about 171 max 9 jets have been grounded. mr calhoun did not comment on an anonymous report posted online by someone claiming to work at boeing, calling the aircraft's production process a "rambling, shambling disaster waiting to happen." this week, united airlines ceo scott kirby called the max 9 grounding "the straw that broke the camel's back for us," saying united is considering fleet plans that don't include the boeing's latest 737 max 10 model. united and alaska airlines utilise around two—thirds of all the boeing max 9s in flight, and alaska air group reports fourth—quarter earnings on thursday. meanwhile, boeing has
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delivered a 737 max to china. it marks the end of an almost five—year freeze. it represents a vote of confidence for the us planemaker in a time of increased scrutiny. the delivery comes amid strained trade relations between the world's two largest economies. staying with china, leaders have stepped to support a plunging stock market and a fragile economy. the central bank has announced moves to inject $140 billion in cash into the banking system. indexes and the yuan are responding positively, but unless say more measures will be needed to reverse losses. the united automobile workers, a major us union, has endorsed joe biden's re—election bid. hejoined workers on a picket line last year, which was a first for a sitting president. joe biden bet on the american worker while donald trump blamed the american worker. applause
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we need to know who will sit in the most powerful seat in the world and help us win as a united working class. so if our endorsements must be earned, joe biden has earned it! in fact, when donald trump was in office, six auto factories closed around the country. tens of thousands of auto jobs were lost nationwide during trump's presidency. during my presidency, we've opened 20 auto factories with more to come! cheering and applause we created more than 250,000 auto jobs all across america! staying with the auto sector, the world's most valuable auto company has warned of a slowdown in sales of its electric vehicles. tesla reported only for the final quarter between 23 with both profit and revenue largely
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missing expectations. michael dunn who watches tesla closely gave me a sense of the road and head. the honeymoon is over, even for mighty tesla. globally, we have seen electric vehicle sales in the last 12 months continue to grow, but at a much slower pace than everyone thought. so tesla is answering this in a couple of ways. one — reducing prices to stoke demand for their products. that's putting enormous pressure on their competitors. then importantly today, elon musk confirmed that they are at a sort of staging area for the next wave, and it will be a model two, a much more affordable vehicle in the price range of about $25,000. he is betting that that will trigger a second wave of demand, starting probably in 2025. is that where the competition is, byd has has been managing to sell at lower prices with considerable success. will tesla have to take them head—on? absolutely. if you look around,
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the number one for electric because today is price. in the united states, the average cost is around $50,000 and in europe, is even higher. china has answers — the $30,000 product already. elon musk understands and recognises that, and says to win out in the future, we really need to have our own sub—$30,000 product, that's the model two. this put enormous pressure on others like gm, ford and volkswagen who struggled today, losing money on much higher—priced vehicles. can they match what tesla and the chinese are doing? that's the big looming question for investors. how important is the china market for tesla? oh, enormously important. more than half of all teslas built were in china, demand is important and it is also an export base. no china, no tesla as we know it today. there wouldn't have been this sensational success without china. going forward, look for elon to diversify risk away
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from china, new plant in mexico coming, additional capacity of course in berlin and austin, texas. he values china short term, but realistic about the prospect for a tesla image in the china market going forward. australians, meanwhile, are driving bigger, heavier and dirtier cars and it is alarming both climate and road safety experts. rising petrol prices on a deterrent. sydney phil mercer reports. austria public roads are dominated by sport utility vehicles and units. a decade ago, hatchbacks and other modest cars were the most popular. but not anymore. around 75% of new cars sold in australia these days are utes and suvs. so australians are choosing bigger, more—expensive—to—run and higher—polluting vehicles in really high numbers. that has a lot of problems for our streets and cities,
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as well as for our hip pockets and for our climate. for enthusiasts, the powerful petrol engine is a thing of beauty. the lions pride holden car club in sydney celebrate an iconic brand that was australia's car. it's something that is brilliant to aussies and it's our thing and i don't think we will ever give it up easily. do you see yourself driving an electric vehicle? no, i don't think so. i think i'll be pushed in that direction, but for as long as we can get petrol to put in these vehicles, i think they will never ever leave our black tar. despite an affection for petrol and diesel, the popularity of electric vehicles in australia is surging. prices are coming down and sales last year doubled compared to 2022. australia, though, is still in the slow lane compared to other countries, but steady progress is being made. the downside is they do use a bit of fuel. the upside is they go forever.
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rowan miller, a marketing expert, uses his diesel—powered four—wheel drive mainly for camping trips. but he says that change is coming. evs are the future i think. there is a slower uptake because they are more expensive in australia than other places, and i don't think we have got that infrastructure to support it yet. australia no longer has a mass car—making industry, leaving it behind in the race to develop electric vehicles. when we lost that, we lost the capability to produce an ev for our environment, for our climate. at the moment, we are an import economy without the ability to make vehicles that are customised for us. proposed new fuel efficiency standards in australia aim to limit pollution from cars and should increase the supply of lower emitting and electric vehicles. phil mercer, bbc news, sydney. there is a battle brewing in india over butter chicken.
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our business correspondent has the details for us. in this case, it is not bringing people together, it is dividing them.— well, this is essentially an intellectual property law suit that has been brought in by one of delhi's oldest establishments. they say it was their founder who invented butter chicken in the 1930s and brought it from pakistan to delhi. they also said it is not only staking claim to this, but one of the look and feel of the website and restaurants. he says that they have a right to disclaim as well because actually the founders were partners in the 1930s. they actually invented this very, very popular dish. it is a very expensive lawsuit,
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about $250,000 running into some 2,700 pages. it has really enamoured the tv screens and social media screens. people are really interested in this battle. the courts will be ruling on it sometime in may, that is the hearing, and we will be watching closely. thank you very much- _ that brings us to a close here on asia business report. thank you for your company. we will see you again tomorrow. voice-over: bringing you different stories i from across the uk. i think we started itjust to have a little seat
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and itjust seemed to grow up differently from there. lots of people visiting. they grew and grew and grew and just over the years it's mother nature take it away again. let's come back and put it back together. there's not a lot left at all. everyone came along to help rebuild the bench has their own memories of the place. i used to walk with my wife on the beach _ when she died last april, used to these little stones message on it to remember her and how it's going to start over again. these are memorabilia . from the previous bench. people have written their names on them — people have written their names on them it_ people have written their names on them. it might _ people have written their names on them. it might be _ people have written their names on them. it might be nice - people have written their names on them. it might be nice to - on them. it might be nice to add — on them. it might be nice to add some _ on them. it might be nice to add some of— on them. it might be nice to add some of those - on them. it might be nice to add some of those back- on them. it might be nice to add some of those back so i on them. it might be nice to i add some of those back so that when _ add some of those back so that when pe0ple _ add some of those back so that when people come _ add some of those back so that when people come back, - add some of those back so that when people come back, they. add some of those back so that. when people come back, they can see them — some of the first time that they have had to do this. the bench has been damaged by storms before and in the summer by a fire. this plaque donated then is now the centrepiece for the new bench once more. the group say they hope that more people come along and add more driftwood and mementos to build the bench up once again to the community
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hub it once was. voice-over: for more stories from across the uk, _ head to the bbc news website. hey. i'm julia with the catch up. tonight — who scored a brit nomination? sunak faces another rebel. and a rhino—saving breakthrough. but we've got to start with the brit awards, because records have been broken by rae who received seven nominations. that is the most a single artist has ever received in one year. # sleezing and teasing...# her nominations include best artist, where 6 of the 10 nominees are female. a pretty different picture from last year where the brits faced backlash for their all—male line—up. the brits have also revealed a new rnb category. some other stories now: prime minister rishi sunak
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has denied the idea that he's out of touch with people in the uk. sir simon clarke is a senior mp from the pm's own party. he wrote an article calling for sunak to be replaced. that makes him the second former minister to call for his resignation since november. a project in bristol is looking to build up a bank of medical photos that show a range of skin tones. one volunteer said she's taking part after her own anaemia was misdiagnosed because of her skin colour. and hidden fees for online customers, aka drip pricing, is set to be banned under new law proposals. it says that any extra booking fees for things like cinema or train tickets will need to be clearly marked from the start of the shopping process. and we'll leave you with ten seconds of this rhino miracle. yes, scientists have achieved the world's first ivf pregnancy on a rhino. the northern white rhino is facing extinction with only two of the animals left on the whole planet. amazing.
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ok, you're all caught up now. have a good night. hello and welcome to sportsday. i'm jane dougall. it was tense, but liverpool are through to the final of the english league cup
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to face chelsea at wembley. who's through, who's out, and who's lost theirjob? we'll have the latest from the africa cup of nations. and we hear from both captains as india and england prepare for their five test series. welcome to the programme. we now know our finalists for the english league cup. liverpool will play chelsea at wembley next month after beating fulham across two legs in the semifinal. it finished 1—1 on the night at craven cottage after goals from luiz diaz and fulham's issa diop, but liverpool
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were leading after the first leg and won 3—2 on aggregate.

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