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tv   Asia Business Report  BBC News  May 25, 2017 1:30am-1:46am BST

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progress with their investigation into the manchester bombing that left 22 people dead. they believe a network was behind the attack. more details have emerged about salman abedi, the suicide bomber. his father and younger brother have been detained in libya. they're believed to have connections to extremist groups. images have been released in the american media showing details of scene of the bombing, that angered the british government which says it could undermine the investigation. and tributes have been paid to those killed and injured. a moment of silence was held at the europa league final in stockholm between manchester united and ajax amsterdam. fans held up signs saying "united we stand." manchester went on to win. those are the headlines. and the top story here in the uk: the conservatives and labour have said that national campaigning in the general election will resume on friday. ukip, which intends to launch
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its manifesto on thursday, has said democracy should not be "cowed" because of terrorism. now on bbc news, all the latest business news live from singapore. the world's biggest personal computer seller is about to release its latest earnings. wheel it stemmed two years of profit falls? —— will it stem. and one in five women in india get paid work. good morning, asia. hello, world. it's a thursday. welcome to today's edition of asia business report. i'm rico hizon. we start off with lenovo. the chinese technology company reports its latest earnings and a few hours‘ time. together with hp and dell,
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they account for 50% of the pc market. given that sales have fallen for two years, she did diversify more? i was told the man challenges of lenovo. they have seen falling sales. when the market stabilises, it has to streamline its workforce. at the same time, it has to look at its portfolio. it has lost with the integration with motorola. the purchase of ibm as well. are they looking at bad bets in the medium term? we cannot say they are bad bets because lenovo are still doing steps to ensure that the integration of motorola is good. at the same time, the data centre business is
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pretty new and the sector is nascent for them. when will these two purchases bring in the cash for lenovo? in the short to medium term, it is difficult and they may fall victim to consolidation. but it has to do victim to consolidation. but it has todoa victim to consolidation. but it has to do a lot to grow its sale channel and work with customers and clients to ensure it is successful. they are being taken over by huawei etc. what about the pc market? is lenovo going to get overtaken? in the first quarter, hp actually overtook lenovo in the traditional laptop and notebook sectors. this is an interesting development because after hp‘s spin—off into two separate organisations, they have been very dynamic with integration and product design and aggressive
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marketing and have been able to catch up with lenovo. and it is worrying for lenovo because they have to improve in many aspects. for example, marketing, for example, in design, and most importantly, channel marketing has been weak. the us federal reserve has signalled it is close to raising interest rates once again. fed policymakers meeting at the start of the month said another hike would soon be needed if the us economy stays on track. minutes of the meeting showed they are also planning to reduce the 4.5 trillion dollars of us debt from the financial crisis. china‘s radoslaw has been downgraded for the first time in three decades at the beijing says its economic difficulties have
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been over exaggerated. there are concerns about the rising debt and slowing economic growth of china. a group of hackers say they have managed to trick the eye tech of samsung using a contact lens. it is a security measure in venue smartphone. they say they are aware of the issue and it was to give them a fresh start after the faulty smartphones. security is notjust an issue for smartphone users, but content providers as well. new research shows they are said to be the largest piracy survey ever conducted from columbia, mexico, ukraine, indonesia, and argentina. latin america currently dominates. numbers in asia are expected to go, accounting for 70% of global
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internet users. we have a tech security firm‘s opinion on how the problem will be tackled. in every country you need three things. communication. consumers need to know what is legal and what is not. we have people that don‘t know it is illegal. then there is organised crime and everything in the middle. the second is a legal framework in the jurisdiction. the second is a legal framework in thejurisdiction. the the second is a legal framework in the jurisdiction. the third the second is a legal framework in thejurisdiction. the third is the second is a legal framework in the jurisdiction. the third is what we call a 360 degrees appreciation of technology. how high can the value of bitcoin go? it has set a record high and is hovering under $200,500. it is seven years since the first transaction in the digital world. i asked why they are doing so well. look at the global market for purchasing bitcoin. japan has
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recently recognised it as legal payment. australia with the removal of vat from transactions. there is positive sentiment for the world as far as acceptance of bitcoin. it is gaining a lot of attention right now. but it is not the only digital currency. there are many crypto assets out there. bitcoin has a market of $32 billion. the total market of $32 billion. the total market cap is somewhere around $50 billion for all of them. we still have a long way to go as far as traditional asset size is. gold is trillions of dollars in volume in the market, for example. we still have a long way to go with crypto assets. with the markets seemingly at this point moving sideways, are many investors moving there assets into these digital currencies or crypto currencies? —— there. into these digital currencies or crypto currencies? -- there. we are seeing movement into these assets.
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the early movers in the industry have been looking at bitcoin and others for a couple of years and recommending it to their clients as well. yeah. ithink recommending it to their clients as well. yeah. i think you will see more and more movement into the cryptocurrency world and crypto acid world. we will see more funding in it. the price is over $2000. what is the probability that it will crash? i don‘t think it would ever crashed 20. there is always the possibility it will correct. —— crash to zero. they are a small market caps. it is volatile. i would not recommend it for anyone not comfortable taking on a high risk investment. a bitcoin expert. 0ne a high risk investment. a bitcoin expert. one of the largest populations of working people in the world is india. a reports as fewer women are entering the workforce. today, one in five women in urban areas are in paid employment. the
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gap in the market will have serious ramifications for the economic growth of india according to new reports. what is stopping them from working? i did not want to do a nine to fivejob. working? i did not want to do a nine to five job. i wanted to pursue my dreams. i do not work any more because i want to look after my child, and that is more important to me. if you want something, you have to give up on something, right? my child is the first priority. like i said, iwant child is the first priority. like i said, i want him to understand my love. i don‘t want to miss out on the fun things he does at home. i don‘t want to miss out on any of the things he says. hats off to the women who manage to work. raising a child is a lot of work. it is draining, emotionally and physically. we are trying to build
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oui’ physically. we are trying to build our future and the future of our child on a road. there is a certain standard of living in mumbai. quitting myjob would obviously have an impact on that. we like to go on holidays and we like to go out and party and dining. everything is very expensive in mumbai. party and dining. everything is very expensive in mumbailj party and dining. everything is very expensive in mumbai. i know a lot of families, i have seen many fathers, they don't help out supreme as soon as you have a child, they say take a break for a couple of years and let the child grow up a bit and when that child grows up, they say have another child. women are expected to sort of look after children and the house and keep everything in order. i love myjob. but i used to hate it a lot. it used to take me about two
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hours every day to get there, it was of changing buses and trains. we have to make sure that the females who are planning to quit, or who actually quit after having a baby, come back to work. and before we go, we will take a quick look at the markets. a lacklustre start for the regional stocks despite us equities finishing higherfor a regional stocks despite us equities finishing higher for a fifth consecutive session. thank you so much for investing your time with us. much for investing your time with us. iam rico much for investing your time with us. i am rico hizon. much for investing your time with us. iam rico hizon. coming much for investing your time with us. i am rico hizon. coming up next on the bbc is sport today. let us bring you date with the current stories this hour. more details emerge about salman abedi, the man
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behind the manchester bombing. his father and brother are detained in libya. they‘re believed to have connections to extremist groups. images from the scene of the bombing are published in the american media. angry british authorities say it could undermine the investigation. alison howe and lisa lees were among those killed in the attack at the manchester arena on monday evening. 0ur correspondent, judith moritz, has been to royton in 0ldham, to speak to their friends in the community there. lisa lees and allison howe — mums, friends and a real part of this community. today would have been alison‘s birthday. she grew up here with schoolmates who became soulmates, after 30 years of friendship. she was just the best one out of us all. she just kept us all grounded. she was just amazing. she was our forever friend. we‘re going to miss her loads. it must be very hard
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to take in this? it doesn't seem real yet. it's not sunk in. she was very selfless, did everything for us. anyone in royton who knows us, knows all of us, and they all know us as a team, and we're always together and the loss of allison, without a shadow of a doubt, has broken all of us. lisa and allison had gone to collect their daughters from the concert, they were caught in the blast before they could reach their children. i knew lisa a long time. she used to work at a shop next to me and i know her daughter, lauren, as well. lauren came to my shop over the weekend and she showed me her tummy, and that she‘s expecting a baby. now the baby won‘t ever be able to see the grandma. it‘s just so sad. lisa and allison were loved here and their loss will be felt by so many in this town. the bereavement counsellors have been brought in to help those who need it.
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at the town hall, people who knew the ladies — and plenty who didn‘t — queued up to sign a book of condolence. what‘s evident to us is that there is a need here today and so that‘s why we‘re here, to recognise that need and play our part and to share the pain and the grief. today, teenagers cried for the loss of their friends mums and mothers wept too as all of this town takes in just what it has lost. judith moritz, bbc news, royton. of course, we have more about the victims and also the investigation on our website. we will have much more news at two o‘clock in the morning. time now for all the sports news in sport today. hello there. this is sport today
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live from the bbc‘s sports centre. the manchester united and ajax players observe a minute ‘s silence to remember the victims of the terrorist attack on monday. manchester united won the final, 2—0 and confirm their place in next year ‘s champions league. hello there and welcome to the programme. we begin with the news that manchester united have won the united league after defeating ajax in stockholm. it was played in the backdrop of the tragic events in manchester less than 48 hours beforehand. 0ur sport editor was in sweden for the match which saw manchester united claim their second major trophy of the season. after the dreadful events on monday

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