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tv   Asia Business Report  BBC News  February 26, 2024 1:30am-1:46am GMT

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technology takes centre m technology takes centre stae at technology takes centre sta -e at the chinese technology takes centre stage at the biggest mobile industry event in barcelona. find out how a barbie movie diva has gripped the world congress too. welcome to asia business report. we have been hearing about artificial intelligence for some time but this week as the biggest trade show gets under way in barcelona, companies are leaning into ai barcelona, companies are leaning into al to boost phone sales. the biggest names are showing off plenty of ai powered to features including samsung, orwho powered to features including samsung, or who new range has all sorts of features including the ability to circle an image or text and immediately search it on google. another flagship smartphone was launched globally at the weekend. the chinese company found success in high spec low—priced
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smartphones but is now pushing for high—end products. it faces stiff competition from apple and samsung. another smartphone has been launched with the ability to anticipate the users�* needs using ai technology. it can analyse and make sense of messages and photos to understand the intention of users based on their daily usage according to their daily usage according to the company. the company has also shown off technology which allows users to control a car just by using their eyes. we heard how the chinese offerings were stacking up against the competition. i were stacking up against the competition.— competition. i would say extremely _ competition. i would say extremely strong - competition. i would say i extremely strong showing. competition. i would say - extremely strong showing. as you mentioned, ai extremely strong showing. as you mentioned, al on the phone is probably the best way chinese lenders are going to be able to compete with apple and samsung, so they are really all systems go on these innovations but also we are seeing
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interesting things with electric cars and in other areas. very strong showing from the chinese in barcelona mwc as expected. huawei launching a lot of products. huawei launching a lot of predate— huawei launching a lot of roducts. , ., , products. they are extremely resilient. _ products. they are extremely resilient, they _ products. they are extremely resilient, they are _ products. they are extremely resilient, they are not - products. they are extremely resilient, they are not out. products. they are extremely resilient, they are not out of| resilient, they are not out of the woods because we don�*t know if the us government is going to increasingly tighten the screws on the chip market or not, but they have definitely survived the worst of it and definitely here to stay. where are their strengths? - definitely here to stay. where are their strengths? they - definitely here to stay. where are their strengths? they still have the largest _ are their strengths? they still have the largest market - are their strengths? they still| have the largest market share in mobile networks in the world, the majority of the world, the majority of the world population is using huawei to connect to a mobile network. i think they have shown resilience in the smartphone space and continue to try to get into new areas like ai and
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to try to get into new areas like aland connected mobility. some economic data that may give us a better picture of how the largest economies in asia are doing. japanese inflation data... the economy is technically in recession but that hasn�*t stopped their stocks closing at record highs last week. china, sluggish economic growth this year which has put pressure on manufacturers. we have the official and private survey on sentiments. the chief market analyst at acm trade weighed in on the outlook for both japan and china. on the outlook for both japan and china-— and china. japan is interesting, - and china. japan is interesting, the i and china. japan is - interesting, the dichotomy where the stock market is hitting record highs while the economy is technically in recession. two main reasons. the yen has weakened 6.6% against the us dollar this year which has given a tailwind to
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japanese exports such as toyota. and the tech sector in japan. cashing in on gains in the us. it�*s a case of rising tide lifting all boats. an— video shooting the lights out, —— and— video. softbank with a record for a japanese company. china, manufacturing and non—manufacturing data coming up non—manufacturing data coming up this week. manufacturing numbers probably coming up slightly lower indicating a contraction. non—manufacturing doing a little better in china, possibly coming in at about 50.1, we will see what transpires. we have seen some action in recent weeks in terms of cutting the key mortgage rate. and cutting the reserve requirement. investors are waiting to see more evidence of
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a turnaround before investing back into china. chinese equities as well. foreign direct investment in china, that dropped 11% injanuary. that as a result of the property sector. a deflationary story playing out. lie property sector. a deflationary story playing out. us aluminium ciant story playing out. us aluminium giant alcoa _ story playing out. us aluminium giant alcoa has _ story playing out. us aluminium giant alcoa has put _ story playing out. us aluminium giant alcoa has put forward - story playing out. us aluminium giant alcoa has put forward a i giant alcoa has put forward a non—binding offer of $2.2 billion for an australian company. the ceo said he will support the deal in the absence of a better offer. if successful, the merger would consolidate a global mining portfolio of aluminium refineries under one roof. elsewhere, british firms say they are facing higher shipping costs and delays of up to four weeks due to the recent attacks in the red sea. the british chambers of commerce say more than a third of firms surveyed have been affected and that
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added costs could contribute to higher prices in the uk economy generally. the husband of a bp employee has been charged with insider trading in the us. the us securities and exchange commission alleges that he eavesdropped on his wife�*s work because when she was handling the bp aqua acquisition of a company, and he bought shares making profits of $1.7 million. he has been ordered to repay that money. bp has yet to comment. despite contributing just 3% of global c02 just 3% of global co2 emissions, africa is experiencing serious climate problems. one company, infinity power, hopes to make a distance. we caught up with the company chairman and asked him if they are close to the target. if they are close to the tar: et. ~ . , if they are close to the taruet. ~ . , ., if they are close to the taruet. ~ . , . ' ,': target. we currently have 1.3 gigawatts — target. we currently have 1.3 gigawatts in _ target. we currently have 1.3 gigawatts in operation - target. we currently have 1.3j gigawatts in operation across three countries. egypt, senegal
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and south africa. we produce 111100 and south africa. we produce 4400 gigawatt hours per year. powering almost 2 million homes. the biggest challenge we see in africa is basically the projects on the continent, the grid capacity to be able to evacuate the energy into the grids. in evacuate the energy into the arids. ,, ., ., , grids. in senegal, we have “ust seen, a significant i grids. in senegal, we have “ust seen, a significant delay h grids. in senegal, we havejust seen, a significant delay by - seen, a significant delay by nine months, their general election... this is a real concern, the impact it will have on democracy there, where it is seen as a bastion of stability. you operate in senegal. your thoughts on that? it's senegal. your thoughts on that? it�*s not a good thing in my opinion. government should stick to the dates of elections. but then again, the details behind that we are not fully aware of, so the reasons behind that i cannot comment.
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also elections in south africa, another country you say you operate insignificantly. in south africa, many people are suffering with power outages on a daily basis. it�*s a real headache for households and businesses. at infinity power, how do you counter that? i mean, it's been a struggle for mean, it�*s been a struggle for us for the past two or three years in south africa. certain energy purchase programmes, round five and round six, has been put in place that were not really successful. we are in this for the long—haul. we believe in south africa. so hopefully the next round of purchasing powerfrom purchasing power from renewables will purchasing powerfrom renewables will mitigate the mistakes made in the past. bath mistakes made in the past. both these examples, _ mistakes made in the past. both these examples, south - mistakes made in the past. both these examples, south africa and senegal, illustrate how important government is of
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course when it comes to energy policy, and how you as a company can operate within. yeah, i mean, we operate under the certain country�*s framework. it�*s been relatively easyin framework. it�*s been relatively easy in egypt for us, because the programmes have been set and the targets set. thankfully we met the targets, along with others. senegal has been, you know, pretty straight forward in our opinion. we generate on good days of wind around 50% of the country�*s power. the government and the utility there has been pretty easy to deal with in developing more projects there. south africa, because of the different moving parts, so to speak, a it�*s bit more difficult to manage in south africa. the government
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has to make things work. for the barbie — has to make things work. for the barbie movie fans, you may be able to get your hands on some actual pink merchandise soon. the company behind the classic nokia smartphone is working in partnership with mattel to launch a barbie flip phone which is due out this summer. the device will look like the throwback phones from years ago with buttons instead of a touch—screen. if you think you can scroll on instagram or tick—tock company, think again. the phone will have no internet access at all. —— tiktok. that is it for the programme, thanks for watching.
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bringing you different stories from across the uk. when darren was diagnosed with bone marrow cancer three years ago his life was changed forever. since then he has undergone chemotherapy at barnsley and is now about to start a round of stem cell treatment.— start a round of stem cell treatment. ~ . , ., treatment. might have been a coule of treatment. might have been a couple of tablets, _ treatment. might have been a couple of tablets, things - treatment. might have been a couple of tablets, things like l couple of tablets, things like that, just to try out. he couple of tablets, things like that, just to try out.- that, just to try out. he is havin: that, just to try out. he is having a _ that, just to try out. he is having a tour— that, just to try out. he is having a tour of— that, just to try out. he is having a tour of the - that, just to try out. he is having a tour of the new | that, just to try out. he is i having a tour of the new lab, just off the m1 in south yorkshire, where his healthy stem cells are being frozen and stored, ready to be re—infused into his body. stored, ready to be re-infused into his body.— into his body. when we give chemotherapy _ into his body. when we give chemotherapy to _ into his body. when we give chemotherapy to someone l into his body. when we give. chemotherapy to someone to into his body. when we give - chemotherapy to someone to cure cancer, _ chemotherapy to someone to cure cancer, there is a risk we might— cancer, there is a risk we might damage or kill the stem cells, — might damage or kill the stem cells, so — might damage or kill the stem cells, so a way of treating cancer _ cells, so a way of treating cancer with lots of chemotherapy is to take these cells _ chemotherapy is to take these cells out — chemotherapy is to take these cells out of the person first and — cells out of the person first and then— cells out of the person first and then give the chemotherapy you want. — and then give the chemotherapy you want, and then a day or two later, _ you want, and then a day or two later, but— you want, and then a day or two later, but the stem cells back. this _ later, but the stem cells back. this centre is thought to be one of the biggest in europe,
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and serves hospitals across the north of the uk. people like jonathan rush the cells between hospital and the lab ready to deliver treatment at a moment�*s notice. in yorkshire, the demand for stem cells is high, which means the nhs needs more donors. hello, and welcome to sportsday. i�*m olly foster. liverpool are the wembley winners — jurgen klopp says this league cup is the most special trophy he has won. india close in on victory in the test series, after leaving england in a spin in ranchi. and the width of a post — that�*s how close italy were to a famous six nations win in france.
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it�*s one trophy down, a possible three to go in jurgen klopp�*s farewell season. liverpool have have won the league cup for a tenth time, extending their own record of wins in the competition. they beat chelsea 1—0 in the final, with their winner coming in the final two minutes of extra time. with that defeat, chelsea have secured an unwanted record, they are the first english team to lose six successive domestic cup finals. 0ur sports correspondent joe wilson was at wembley. it was liverpool�*s vastly experienced captain virgil van dijk who rose to head the decisive goal deep into extra time — remembering the headed goal by van dijk which was disallowed earlier in the game. but when he turned to celebrate with his team—mates, he would�*ve seen teenage liverpool players who were only on the fringes of the first team at the start
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of the season. this is a liverpool team so beset by injuries — so to win in those circumstances i�*m sure will be especially memorable forjurgen klopp in his farewell season — may even be a glimpse of liverpool beyond jurgen klopp. singing chelsea supporters i�*m sure will be tired of people like us referring constantly to the amount of money they�*ve spent. in truth, there were very expensive players on the pitch in this final who did not look like match winners. connor gallagher was central to chelsea�*s best moment — almost won the game twice at the end of 90 minutes. but when chelsea needed something extra in extra time, in fact they faded, and that might be the most disappointing element of this cup final for chelsea fans as they trudged home in the north london drizzle. because of his depleted squad and those fringe players that stepped up at wembley, jurgen klopp says this victory is hard to beat.
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i got told outside that there is an english race who don�*t win trophies with kids. i don�*t know that... there are longer careers of mine, but in my more than 20 years, easily the most special trophy i�*ve ever won. it�*s absolutely exceptional. they need to feel the pain, they need to feel that, the competition. we played for a trophy, we didn't get it. and now it's the same — why, you can't tell me, you know, that can make me feel better. that's it. they need to feel the pain like us. wolves are up to eighth in the premier league and pushing for a place in europe, after beating bottom side sheffield united 1—0 at home. that�*s their third win in four in the league. pablo sarabia with
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the first—half winner — his third goal of the season.

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