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tv   Asia Business Report  BBC News  February 20, 2024 12:30am-12:46am GMT

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we're joined now by william and director general of the international air transport association joining us live, thank you so much forjoining us on the programme this morning and after the pandemic, travel demand has expanded very quickly and i want to start of the asking about the supply—chain issue and the delay of jet deliveries supply—chain issue and the delay ofjet deliveries and do you expect those issues to continue?— you expect those issues to continue? l, l, , �*, continue? unfortunately, it's been very — continue? unfortunately, it's been very frustrating - continue? unfortunately, it's been very frustrating for - been very frustrating for airlines and most recent outlook suggest that they may even continuing to 2026 and we are not going to see much improvement into 2024 although it's improving slightly but the outlook remains disappointing in terms of supplies at a disruption ongoing. fix, in terms of supplies at a disruption ongoing. a lot of reviewers — disruption ongoing. a lot of reviewers think _ disruption ongoing. a lot of reviewers think of - disruption ongoing. a lot of reviewers think of the - reviewers think of the mid—flight incident that happened on the boeing plane, do you think the number of
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issues fleecing boeing, double affect the demand for its planes on the air sure as a result these orders coming in? i don't think you will have any long—term effect i think what is important that boeing has responded in the right way and taken ownership of the problem and they acknowledge that there is a serious issue that they need to address and i think they're going to go about that they're going to go about that the right way and that is what we want to see and i am confident that boeing will take the right measures and returned to his state of being the global supplier.- to his state of being the global supplier. there's quite a lot of attention _ global supplier. there's quite a lot of attention on - global supplier. there's quite a lot of attention on the - a lot of attention on the company showing its plane at the airshow and do you think you can position itself as a viable alternative to boeing in the future? i viable alternative to boeing in the future?— the future? i don't think the near future _ the future? i don't think the near future of _ the future? i don't think the near future of doing - the future? i don't think the near future of doing the - the future? i don't think the | near future of doing the long term, yes it will with significant ambitions and
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create excitement and the c 919 and operating the aircraft and they're very pleased in the consumer reaction is very encouraging i think there's great excitement saying it at the singapore airshow and in the singapore airshow and in the longer term, they could be a credible competitor but it will take some time for them to establish themselves as world—class supplier of an aircraft like the c919. sustainability and the industry has its target to transition the by 2050 and that is a fairly ambitious target we did hearfrom singapore requiring hear from singapore requiring all flights hearfrom singapore requiring all flights departing this country to have sustainable fuel starting in 2060 and you think it's receivable for the challenges that the industry is facing at the moment?-
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facing at the moment? more importantly. _ facing at the moment? more importantly. it _ facing at the moment? more importantly, it is _ facing at the moment? more importantly, it is essential . importantly, it is essential that we do it and there is no question that the industry is determined and we recognise that we must play our part in the use of sustainable aviation fuel is absolutely critical in that pathway denied zero editing singapore's initiative instinctively opposed to this and i think there's very little evidence that 11 environmental impact but this is going towards the purchase of sustainable aviation fuel and this may kick—start greater production which is what the industry needs to see it is very challenging and will be very challenging and will be very expensive and consumers love to acknowledge that ticket prices will increase as a result of significant additional costs of sustainable aviation fuel.—
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aviation fuel. you think that could dampen _ aviation fuel. you think that could dampen travel- aviation fuel. you think that i could dampen travel amounts aviation fuel. you think that - could dampen travel amounts due think demand is really solid and sustainable? i think demand is really solid and sustainable?— think demand is really solid and sustainable? i think demand remains very _ and sustainable? i think demand remains very robust _ and sustainable? i think demand remains very robust and - remains very robust and longer—term, we have lowered the long—term growth of the industry and taking into account some of the near term challenges of the supply chain and factoring in the impact of the transition to lead zero and see an increase in ticket prices and we're looking at growth of the next 20 years at about 3.3% and it is still quite healthy but significantly lower than what we were witnessing in -- 2019 —— 2019 through 2020. -- 2019 through 2020. our colleague _ -- 2019 through 2020. our colleague monica _ -- 2019 through 2020. our colleague monica is - —— 2019 through 2020. our colleague monica is there and talking about a lot of the challenges but it is really exciting, isn't it?-
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challenges but it is really exciting, isn't it? the buzz is back. exciting, isn't it? the buzz is back- we _ exciting, isn't it? the buzz is back. we are _ exciting, isn't it? the buzz is back. we are now _ exciting, isn't it? the buzz is back. we are now singing - back. we are now singing organisers saying that they are seeing pre—pandemic numbers in terms of participations in the thousands of participants altogether and expecting more than 50 countries and it is a stark contrast what we're seeing in 2022 during the pandemic and here, there's a lot of anticipation for the future because a lot of these types of orders take a while to have delivered and they are looking into the future and which is heard from mr walsh and it is interesting to see with those orders are by the end of the week. imilli with those orders are by the end of the week.— with those orders are by the end of the week. will be across all those major _ end of the week. will be across all those major announcements and do stay tuned for that and monica will be back at the next hour or so, monica will be back at the next hour orso, join us monica will be back at the next hour or so, join us if you can. israel's economy shrunk more than expected due to the conflict in gaza. its gdp filing by 19% on the basis of
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three months in 2023 and manley on more expensesjumped by more than 88% in private spendings fail as well as sports and investment, israeland fail as well as sports and investment, israel and hamas have been at war after gunmen from the palestinian group launched an attack on israel from gaza. now to the mining industry because the group has reported its latest results earlier today in china is its biggest customer by this economy has been slowing down. the company made just over $6 billion in profit in the six months betweenjune and december but i did caution to the next six months may not be as rosy, commodities taught me that the results were encouraging, given the overall economic environment. the fact ofthe economic environment. the fact of the profits — economic environment. the fact of the profits were _ economic environment. the fact of the profits were steady, - of the profits were steady, thatis of the profits were steady, that is a very strong outcome
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of what is actually occurred in the past year or so and a weakness in the chinese economy in the western world slowing down and the fact that they pulled off a steady profit outcome is probably quite impressive. while there are problems in the chinese economy, the parts that are exposed to commodities are actually doing pretty well and seen strong and ports of call, copper, oiland bhp is seen strong and ports of call, copper, oil and bhp is a major beneficiary of that. copper, oil and bhp is a ma'or beneficiary of thati beneficiary of that. where is the demand _ beneficiary of that. where is the demand coming - beneficiary of that. where is the demand coming from i beneficiary of that. where is the demand coming from of| beneficiary of that. where is . the demand coming from of the economy has been slowing down and addressing this relatively strong demand? the and addressing this relatively strong demand?— strong demand? the chinese residential _ strong demand? the chinese residential property - strong demand? the chinese residential property sector i strong demand? the chinese residential property sector is| residential property sector is quite a big consumer of steel but the other part of the chinese economy is infrastructure and construction thatis infrastructure and construction that is not related to property residential property like
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schools and those kinds of things and those are going quite strongly and going fairly well and if you're looking at china's oil demand recovering to pre—covid—19 levels and a lot of fuel as well stop by before we go, let's update with other business news making headlines. that other business news making headlines.— other business news making headlines. at the centre of a takeover _ headlines. at the centre of a takeover battle _ headlines. at the centre of a takeover battle after - headlines. at the centre of a takeover battle after the - takeover battle after the e—commerce group said... merging after saying that it had rejected a takeover approach from us investment firm and it will still very much in the early stages of evaluating the retailer. jumping by more than the third in shares. dying from heart failure at the age of 18. he was known as a pioneer of the
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business model and he started the company by selling from the back of the truck in the 19705 and realising it was taking them too long to attach pre55 tax, he decided to charge a flat 100 yen per item and then incorporated a few years later incorporated a few years later in the company now has more than 4000 stores injapan and made almost $4 billion in revenue in the past year. it is something you may not expect to be at the centre of industrial action and going on strike, with a french union demanding increased in proportion to ticket sales and the union also accu5e5 ticket sales and the union also accuses the operator of one of the worlds most popular tourist attractions of underestimating the cost of maintenance and repairs impacting safety and taurus were disappointed.
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—— touri5ts. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories from across the uk. jack and his fiancee beth are engaged and plan to tie the knot in 2026. but top of the wedding li5t isn't finding a new venue or the right suit. it's getting a new voice. my normal computer voice is robot voice sounding like out of doctor who. jack, who has cerebral palsy, wants an authentically brummie voice to reflect his heritage and is inviting people to volunteer theirs. the 21 year old has been using his current communication aid, which controls with his eyes since he was six years old. but the technology has come a long way since then. he wants to be able to say, i do, and to say all his values as a human, his wedding instead of as a robot.
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it's not a small commitment. the chosen volunteer will need to spend 6 to 8 hours recording around 1600 phrases. so far, they've had half a dozen responses, but he need look no further. i think i've got a solution. all right, bob. i'm off the road to get a cob to a bit. | ta ra. david, that was rubbish. get out of my house. for more stories from across the uk. head to the bbc news website. the catch up. tonight, junior doctor 5trike5 the catch up. tonight, junior doctor strikes and changing managers and a donkey love story. and getting there without a sneaky look at your phone, the government wants to
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stop that from happening in schools in england have been given new guidance and one is a total ban and the other one is handing your phone and before you start class or keeping it off and in your bag but unions 5ay off and in your bag but unions say most schools already banned phone5 say most schools already banned phones at the start of the much of a problem to fix in the plan will cut down on disruption and improve behaviour. some of the stories now and could have type two diabetes but not know it yet and a million adults in england having been diagnosed and avoid lots of young people could be at risk in the condition causes blood sugar levels to spike and can lead to serious health problems if it's not treated. junior doctors in northern ireland have voted to go on strike for the first time. they'll walk out for 24 hours on the 6th of march over pay. junior doctors there are paid less than in other parts of the uk. some big football news that
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roy hodgson is stepping down as the manager of crystal palace. he was in hospital on thursday after feeling a bit unwell during training. the club are just outside the premier league relegation zone. the former eintracht frankfurt boss, oliver glasner, is taking over. and time now for ten seconds of a lonely donkey. we told you before about harold, the donkey losing his best friend, billy the goat. but now it's all fine. harold's got two new mates weeping, and fletcher and his apparently madly in love. it's all very wholesome. you're all caught up. have a great night.
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hello and welcome to sport5day with me betty glover. amadou onana rescue5 a premier league point for everton, a5 crystal palace5 new manager watches on. girona's unlikely la liga title bid suffers another major blow as they are beaten by athletic bilbao. are bayern munich heading for a trophyless season? the german side have hit a nine year low with three defeat5 in a row.
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welcome to sport5day, we begin in the premier league where new crystal palace manager oliver glasner watched on from the stands as his side drew 1—1 against everton at goodi5on park. the 49—year—old austrian replaces roy hodg5on, who stepped down on monday, and after everton missed a big chance — with james tarkowski's header well 5aved — palace opened the scoring from almost nowhere thanks tojordan ayew before amadou onana grabbed the equaliser from a header at the back po5t. a crucial point takes everton out of the bottom three on goal difference, while palace remain five points off the drop zone. former entract frankfurt boss glasner was announced a few hours before kick off. hodgson who's 76, was taken ill during training on thursday last week, amid report5 he was going to be sacked. the club say that he is now out of hospital and doing well, but in the same statement announced that his second managerial 5pell at the club had come to an end. glasners first game will be on saturday against burnley,
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with hodg5on5 coache5 ray lewington and

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