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tv   Asia Business Report  BBC News  March 27, 2024 12:30am-12:46am GMT

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disaster in baltimore. authorities say they are suspending search operation and missing people are presumed dead. and a windfallforformer american president donald trump — after success on wall street. hello and welcome to asia business report. i'm steve lai. we begin with the major collapse of a bridge in baltimore. authorities have said they are suspending search operations and six missing people are presumed dead. baltimore port, one of the busiest ports is closed in us car—makersjunior dues general car—makers junior dues general motors enforcer they car—makersjunior dues general motors enforcer they will re—route shipments.
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baltimore is the busiest american port for the import and export of vehicles. tinglong dai, a professor from thejohns hopkins carey business school. he joins us from baltimore. they short term has a huge impact on the auto industry. could you tell something knock on effect? , , , could you tell something knock on effect?— on effect? the ship is already here and they _ on effect? the ship is already here and they are _ on effect? the ship is already here and they are stock- on effect? the ship is already here and they are stock and l here and they are stock and they cannot get it out for that you cannot get in, you have to re—route to other ports. the impact depending on different manufacturers, bmw for example is not affected because this terminal is on the ocean side of the port. bmw as ——. gm and ford, they are impacted because they rely on the port for exporting the vehicles. now they have to re—route to other ports on the east coast. they have to re-route to other ports on the east coast.- ports on the east coast. what will ou ports on the east coast. what will you be — ports on the east coast. what will you be looking _ ports on the east coast. what will you be looking out - ports on the east coast. what will you be looking out for - ports on the east coast. what j will you be looking out for the days ahead as operations are
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over? the port will still be inoperable for time being. the ort is inoperable for time being. the port is not _ inoperable for time being. tue: port is not operable. inoperable for time being. tte: port is not operable. it is up and running inside the terminals, they are still unloading the cars. still processing. but they have closed the port for the most part. they have no longer allowed vessels to get into or out of the port. in the coming days we have to look at how to repair and recovery efforts unfold. ~ , , , ., unfold. we will be bringing you the latest from _ unfold. we will be bringing you the latest from baltimore - unfold. we will be bringing you the latest from baltimore in i the latest from baltimore in the latest from baltimore in the hours ahead. you can find out the latest news and analysis on a bbc website and mobile app. donald trump just became a lot wealthier, at least on paper. shares in the parent company of true social closed just under $58, up i6% on its first day of trading as a public company. the windfall makes the former president one of the richest people in the world. the bbc�*s michelle flory has more from
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new york. donald trump just became a lot wealthier, at least on paper. shares closed $58, up 60% than its first day of trading as a public company. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around four and a half billion dollars. that makes the former president one of the richest 500 people in the world, according to bloomberg. with his new—found wealth, mr trump could sell some of his stock to help pay for his mounting legal bills as he faces both civil and criminal proceedings. but he'll have to wait, since he's barred from selling his shares for six months. and it's not clear where the stock will be trading when that agreement expires. true social, which was founded after the former president was kicked off major social media platforms following the january six capitol riot has said it expects to continue losing money for a while. many of the shareholders are small time investors trying
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to show their support for mr trump, as well as trying to cash in on the frenzy surrounding the stock. let's turn our focus to an economy we don't often talk about — mongolia. the country, which shares china's northern border, has always relied on mining to drive economic growth. the industry accounts for about a quarter of mongolia's gdp. gantumur tuvdendor is mongolia's deputy minister of economy and development. he joins us live from ulaan baatar. we're we' re successful we're successful the midterm and economic activity is more to pick up we expect to see stability in the upcoming years. the government of mongolian is more focusing on diversifying the economy to for it to pick up economy. t
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it to pick up economy. i understand there's also a day us to mind last year. that something you will be looking to be putting into place? we keep current _ to be putting into place? - keep current economic growth. so mongolia is aimed to become an crucial in the markets. especially under critical mandates, we have huge deposits in mongolia for that in the western part of mongolia. the other is in southern part of mongolia. and the company for dealing with the us government and us investors to siding on critical. a, ., . and us investors to siding on critical. ., ., , critical. mongolia is administered - critical. mongolia is administered from | critical. mongolia is i administered from the environment and tourism said they are looking for $11 billion in green financing to
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diversify away from minerals and move into renewables how is that going?— that going? one of the huge otential that going? one of the huge potential to _ that going? one of the huge potential to diversify - that going? one of the huge potential to diversify the - potential to diversify the sectors and mongolia moving forward, we have application to reducing greenhouse gas emissions by 22 to 7% by 2030. we need to transition to green energy. we have huge potential on renewable energy sectors. so we have untapped resources of wind and solar resources.
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next to what could be a travellers nightmare. as many as 32 million passport holders are being warned to check their expiring details or possibly face being refused entry to cities and holiday destinations across the eu. scores of people are reporting turning up at airports with passports which do not meet post—brexit entry criteria. 0ur our business cards but has more. it's the moment we all dream of for that after the planning coming packing and say goodbye to work for a few weeks to check in for that weather and holiday. for some people this is as is as far as they get. paramedic nathan was on his way to france with his fiancee to visit family. despite checking in online they're making their way they�* re making their way through they're making their way through luggage drug, security and passport control and at the boarding gate they were in for a surprise. t boarding gate they were in for a surprise-— a surprise. i had ten years lus a surprise. i had ten years plus extra _ a surprise. i had ten years plus extra month - a surprise. i had ten years plus extra month so - a surprise. i had ten years plus extra month so i - a surprise. i had ten years i plus extra month so i passed or at which i didn't think would be a problem. he at which i didn't think would be a problem.— at which i didn't think would be a problem. he felt all the ten year _ be a problem. he felt all the ten year rule. nathan's - ten year rule. nathan's passport was issued ten years before the date they were
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travelling which meant he would be refused entry into any eu country. tt be refused entry into any eu count . ., , ., be refused entry into any eu count . . , . , ., , country. it was a ten years before the — country. it was a ten years before the date _ country. it was a ten years before the date they - country. it was a ten years before the date they were | before the date they were travelling which meant he would be refused entry into any eu country. they were so matter—of—fact about so that moment they told you you couldn't, how did you feel? got it. we were surprised more than anything. we checked online, we thought it was fine. the anything. we checked online, we thought it was fine.— thought it was fine. the rules on passaorts _ thought it was fine. the rules on passports change - thought it was fine. the rules on passports change once - thought it was fine. the rules j on passports change once the thought it was fine. the rules - on passports change once the uk left the eu for them to enter any country within the same freak which includes iceland, norway and switzerland, but not ireland. a uk passport now has to meet certain criteria. first it has to be valid for at least three months from the planned date of return to the uk. it also cannot of been issued more than ten years prior to entering the eu. this rule is catching holiday—makers out because prior to september 20 18th the uk passport office would add up to nine existing months from an old passport onto the new one.— onto the new one. this is a problem — onto the new one. this is a problem that _ onto the new one. this is a problem that continues - onto the new one. this is a problem that continues to l problem that continues to catch people — problem that continues to catch
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people out. what's important is you check— people out. what's important is you check your passport expiration date when you're going — expiration date when you're going to _ expiration date when you're going to book your holiday, not when _ going to book your holiday, not when you — going to book your holiday, not when you go to check—in in. and certainly— when you go to check—in in. and certainly not when you travel to the — certainly not when you travel to the airport. that's where people _ to the airport. that's where people are continually finding that there passport is out of date — that there passport is out of date it's_ that there passport is out of date. it's often too expensive, too complicated to save your holiday _ too complicated to save your holiday l _ too complicated to save your holida . ., , ., ., ., holiday. i was one of them for the a few _ holiday. i was one of them for the a few weeks _ holiday. i was one of them for the a few weeks ago - holiday. i was one of them for the a few weeks ago instead l holiday. i was one of them for| the a few weeks ago instead of jetting off with my family on holiday i was turned away right here at check—in gate because my passport had been issued more than ten years before. even though i been able to checkin even though i been able to check in online and had a boarding pass for the so many responses... urging airlines to find a better way of prompting people away before they get to the airport. t people away before they get to the airport-— the airport. i record there is easil a the airport. i record there is easily a couple _ the airport. i record there is easily a couple hundred - the airport. i record there is i easily a couple hundred people a day were turned away from their flights. a day were turned away from theirflights. so a day were turned away from their flights. so across the year you could easily find that there's over 100,000 people who lose their holidays as a result of these rules. i've written to the airlines, i keep saying to
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them, please, can you do more? particularly if someone is checking in a month ahead. airlines uk told us there is no guarantee potentially invalid passport details would be picked up in advance. consider airlines to provide reminders and links and it's up to passengers to check. the home office also said it provides office also said it provides up—to—date information on requirements on its website. that is under constant review. if you're dreaming of a getaway to sunnier climes and strong advice is to dig out your passport and check your days well before trying to travel. before we go a quick reminder of our top story, it's eight 40p.m. in the city of baltimore where in the us after a ship container had crashed into a bridge for that we can also tell you that authorities have said they are suspending search operations and six missing people are now presumed dead for that more information on our website this is a story will be following in the hours ahead right here on bbc news.
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hey, i'mjulia hey, i'm julia with the catch up. tonight pines and climate change, lego line—ups and an ostrich on the loose. first a major bridge in the us city of baltimore has completely collapsed. that's after a container ship crashed into it for the one person is in hospital and six people are still missing. they declared a state of emergency. brandon scott is the mayor and he had this message from the city. this is an unthinkable tragedy. you have to first and foremost pray for all of those who are impacted. pray for all of those who are impacted-— pray for all of those who are imacted. �* . ., impacted. anne hathaway has o-ened impacted. anne hathaway has opened up _ impacted. anne hathaway has opened up about _ impacted. anne hathaway has opened up about having - impacted. anne hathaway has opened up about having a - opened up about having a miscarriage in 2015 while she was playing a pregnant woman. speaking to vanity fair the actor said she had to give
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birth on stage every night she also said she's not ashamed to discuss her fertility issues. some of the stories now— climate change is threatening a great british staple, the pipe. the hops and beer are suffering in harder conditions but scientists are working with the brewing industry to help save it. and lego has told the police department in california to stop using their toy heads in their pictures on social media. it was a creative attempt to comply with state law that says agencies need to hide the identities of non—violent crime suspects. we will leave you with ten seconds of a runaway ostrich. anyone playing i spy with my little i would've had in my usual game on this road in south korea. but the ostrich is done safely back at the nature park it came from. that is it, you are all caught up. have a good night.
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hello and welcome to sportsday. here's what's coming up on the programme. well miss out on euro qualification after dramatic penalty she loss to poland. leo williamson is back for the lionesses, the player lifted the year of their title defence. and or months out from a likely third 0lympics but one month from herfirst a likely third 0lympics but one month from her first child. and records diary is about to fill out. —— fill up. hello and welcome onto the
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programme for the heartbreak for wells on a busy

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