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tv   Asia Business Report  BBC News  April 4, 2024 1:30am-1:46am BST

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hello and welcome to asia business report. i'm steve lai. we begin in taiwan where rescue efforts are under way a day after a violent earthquake killed at least nine people and injured more than 1,000. on an island that produces more than half of the world's semiconductors, there's also been disruption to the chip—making industry. tsmc says employees are returning to work after the chipmaker evacuated several of its factories in the city of hsinchu and southern taiwan. the company has said there's been no damage to its critical tools. marco mezger is the co—founder of memory chip technology company neumonda and he says this time around taiwan's earthquake preparedness protected its high—tech industries. the first reports what we are seeing right now is also that there is no major damage or disruption on the production.
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tsmc is talking at the moment about, what, six hours�* disruption, around about $60 million damage. that was the statement what they have given yesterday, but given the fact that i think these machines are highly sensitive and they need to be checked very carefully in order to make sure that the wafers produced there are coming out in high quality. when you think about the share of advanced processed notes for the foundry business, this is more than 65% for the world's production, basically on this island. ai servers is 100% for the usa is produced in taiwan. so i think in this regard, taiwan has learned from their devestating earthquake in 1999, which was 25 years ago, where there was a power outage for almost one week before they could turn back. this has not happened yesterday. so taiwan was better prepared to cope with the situation. given there is so much chip—making that happens in taiwan and it plays such a sort of an outsized role
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in the chip—making industry, do you think this will give other companies pause for thought? that, you know, diversifying or having chip facilities outside of taiwan may be more, increasingly important? well, steve, we have seen, in the last couple of years especially, during and after the pandemic, that geopolitics has been the driving force in regards to reshoring or relocating capacity. so in my personal opinion, i think already, i mean many years ago we would have to think about where we have, like, manufacturing of semiconductors, so it's concentrated in taiwan, it's concentrated injapan. they are pretty well known for challenges in regards to natural disaster, right? so you have typhoons, you have earthquakes. but the driving force at the moment, why these factories have to move in other regions of the world — to europe, to south—east asia, and others — is not a natural disaster. it's driven by geopolitics.
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well, speaking of diversifying semi—conductor production, the world's second largest chip—maker, sk hynix, has announced it will invest nearly $4 billion in a facility in the us state of indiana. the new plant will include an advanced production line to manufacture the next generation of chips, which will be used to train artificial intelligence models. the us has been seeking to boost its chip self—sufficiency. us treasury secretary janet yellen is due to arrive in china on thursday, her second visit to the country in just nine months. yellen is scheduled to meet top chinese officials, including premier li qiang, as well as representatives of us companies operating in china. the us treasury department says her discussions with chinese officials will highlight what washington describes as "unfair trade practices". the trip comes after president biden spoke with president xi in a phone call earlier this week. frank lavin is a former us trade negotiator and he says there are signs
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of stabilisation in relations between the us and china. well, i think there's a little bit of stability in the relationship over the last few months. china's economic growth has tapered off a bit, and they're grappling with a housing crisis as well. so i think there's a little more willingness on china's side to look for ways to improve the relationship with the us and i think the us has somewhat the same incentive, that a relationship that is only negative is not that appealing and there needs to be some kind of positive channel amidst all this negativity. yellen seems keen to keep communicaitons going. what will be her main priorities for this visit? i think the trade issues and climate issues will be the two points she'll try to make. but i think the broader point is just as you described it, that we cannot have a relationship that is entirely characterised by ill will and criticism. there has to be some
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positive channel going. google, the search engine used by more than a billion people around the world, is reported to be considering charging for premium content generated by artificial intelligence. according to the financial times, the company, is revamping its business model and looking at putting some of its core product behind a paywall. it would be the first time google had charged for any of its content. google said it did not have anything to announce right now. and staying with artificial intelligence, billie eilish, pearljam and nicki minaj are among more than 200 artists who've signed an open letter to tech companies and ai developers calling for an end to predatory use of artificial intelligence in the industry. 0ur north america business correspondent michelle fleury has more from new york. to billie eilish, ai is the new bad guy. to katy perry, it is time to rise. a growing number of musicians are worried
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companies are training ai models to replace human artists. more than 200 of them have joined with the artist rights alliance, a nonprofit to demand protection against ai. in an open letter, they acknowledge the creative potential of ai, but called on tech companies and developers to stop using it to infringe upon, and devalue, the right of human artists. a year ago, a supposed collaboration between drake and the weeknd went viral. it was actually an ai song made by someone called ghostwriter. last month, tennessee became the first state to pass a law to protect artists from using al to copy an artist's voice without permission. country music star luke bryant was at the bill's signing. stuff comes in of my voice, on my phone, and i can't tell it's not me. securing protections from al was a priority for striking actors last year.
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now it is musicians who are raising their voices. i think the musicians who will be most affected by ai are working—class musicians, even technical roles like mixing and production, which could be replaced by computers if they were so trained. so, yeah, i think it's good that these superstars sort of lend their voice to this argument, because it will affect those who don't have power. those who signed up to this letter span musical genres and eras, from katy perry to nicki minaj and stevie wonder as well as the estate of frank sinatra and bob marley. out with poker machines, and in with live music and pizza. revenue at the petersham bowling club in sydney has increased by 900% since it ditched the controversial gaming machines. petersham's success is inspiring other lawn bowling clubs and pubs to follow suit. from sydney, phil mercer reports. rocking into profit — this room at the petersham
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bowling club in sydney was once full of poker or slot machines. they were taken out in 2007. now it's punk bands and pizzas that are paying out. it's a dynamic, it's an exciting, it's an evolving club. that's what being pokie—free gives you. you've got to be on your wits, and you've got to be constantly coming up with new things, and it's really exciting to be part of that, because there's a lot of strategies involved in turning a club around, weaning off the poker machines, engaging with the local community. that chorus is getting louder. the bowling club had relied on gambling for up to 70% of its earnings. now other venues want to follow its lead. it's been a really tough journey for a lot of pubs that have chosen to do this, but the ones that i've been to are absolutely thriving. they're fun to be in. they've got a great community atmosphere. 0ur families are there. you go there for a drink, for a meal, not to gamble. we know that there are more pubs and clubs that are considering doing this,
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but we're certainly a long way off having the majority of pubs and clubs in this state doing that. australians love to gamble, from the stock market to horse racing and beyond. the gaming industries association says that gambling in general is a legitimate recreational activity, enjoyed by millions of australians safely. the industry body adds that laws and standards aim to reduce the harm from poker machines. but, for some, the damage can be long—lasting. i was absolutely mentally hijacked for the next 15 years of my life. kate seselja was a teenager when she became hooked on the pokies. i had absolutely no idea that they were a harmful product, and put some money in, won straightaway and, unfortunately, like so many other australians, quickly became addicted.
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we are dealing with a public health crisis in this country. for the petersham bowling club and others, there can be financial stability after the gambling machines have gone. the suburban club is now dancing to a very different tune. and that's it for this edition of asia business report. thanks for watching.
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hey, i'm zoph with the catch up. tonight, the earthquake in taiwan. lizzo is here to stay and a cute baby antelope. we start with gaza, where families are paying tribute to the three british victims of an israeli air strike. john chapman, james henderson and james kirby were the seven world central kitchen workers
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killed in monday's strike. israel said it was unintended and promised to investigate. kirby's family described him today as a hero. people were telling him this could be very dangerous for you, but he knew the dangers. he was selfless in that regard, and hejust wanted to help people. next to taiwan, where rescuers are trying to reach dozens of people trapped after a 7.4—magnitude earthquake, its most powerful in 25 years. at least nine people have been killed and hundreds more injured. some other stories now. an advert posted by katie price on instagram which proposed a low—calorie diet for the skinny food co has been banned. she posted the video in august where she showed her meals adding up to only 755 calories a day.
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and you may remember last week lizzo said "i quit" as she was fed up for being targeted for her looks and character online. but good news for her fans today. she's confirmed she isn't quitting the music industry. she's just quitting giving any attention to negative energy. and time now for 10 seconds of the cutest tiny antelope called twiglet, arriving at a zoo in worcestershire as part of an international breeding effort to protect the species. she's absolutely tiny, measuring in at 10 inches tall. just adorable. and you're all caught up now. see you later. hello and welcome to sportsday with me tulsen tollett. arsenal move back to the top of the premier league table with victory over struggling luton. phil foden makes it a hat—trick as manchester city continue
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to apply pressure on title rivals arsenal and liverpool. and we hear form the women in football balancing being a mother and playing in the wsl. it's tough, you know. you miss parents�* evening. you miss shows that she's doing and that's when you start to question what are you doing. hello there, and thanks forjoining us, where we start with the news that arsenal have moved back to the top of the premier league, above liverpool, after a 2—0 win at home to relegation—threatened luton town. gunners captain martin 0degaard opened the scoring in the 26th minute and an own goal from the visitors just before half—time was enough to earn the hosts all three points. we started the game well. i think the first half
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we had our moments and conceded

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