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tv   Asia Business Report  BBC News  July 7, 2017 1:30am-1:46am BST

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our top stories: police in germany have clashed with protesters as world leaders gather in hamburg ahead of the 620 summit. climate change and global terrorism will be the major issues on the agenda. in a speech on his arrival in europe, the us president donald trump called on western civilisation to stand united against what he called the "menace" of radical islamic extremism. north korea has been celebrating it's latest missile launch. but president trump says he's considering a very severe response against the regime in pyongyang. and this video is trending on bbc.com. it's a little animal that's started making a pretty big impression. this female baby pygmy hippopotamus has just been introduced to the public at chile's buin zoo. it's two weeks old and currently weighs in at 1a kilos. that's all from me for now. stay with bbc news. and the top story here in the uk: a watchdog says a quarter of adult care services in england are failing
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on safety grounds, and in some cases residents are not getting enough to eat or drink. now on bbc news, all the latest business news live from singapore. despite all the scandals, samsung still appears to be making a lot of money. and the 620 meets in germany. we look at how america's protectionist stance is affecting its global position. hello and welcome to asia business report. i am sharanjit welcome to asia business report. i am shara njit leyl. welcome to asia business report. i am sharanjit leyl. from exploding mobile phone batteries to its chief executive being behind bars, samsung has had its share of scandals, lately. despite all about, has had its share of scandals, lately. despite allabout, it has had its share of scandals, lately. despite all about, it is more money than apple in the first
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quarterfor more money than apple in the first quarter for the first time, with profit coming in at over $12 billion. and as this mobile research a nalyst billion. and as this mobile research analyst explained, it is all due to its chip business. samsung has found itself in a fortunate position where there is undersupplied in the chip business and there is a strong demand for high capacity, high density memory chips. so that has driven the prices up and, samsung being the one with the biggest capacity in the technology, has benefited tremendously. shareholders have been driving the shares up in recent months. do they have a short—term memory? if you just rewind a year, you had those exploding 6alaxy note 7 is that cost the company billions in profit. the 6alaxy note 7 debacle is not really
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have a link to the chip business, and you see that the chip business is now a major contributor to profit for the company. if you look at the smartphone business as a whole, with the recently launched 6alaxy s8, you can see that they are not too affected by the galaxy note 7 the buckle. and with that de facto boss behind bars, there appears to be some sort of power vacuum. are these profits that we are seeing at the moment projected for samsung, will they likely be sustainable? we can definitely say that the profits will stay at this current momentum for a least 2017 or 2018. because of the supply constraint in the chip business. but for samsung, there are longer—term problem is that they have to look at how the smartphone
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business has been losing money in terms of revenue, and profit contribution has been lowered. so they have been heavily attacked in they have been heavily attacked in the mid range in the developing markets, and that is it clear problem for them. as we have been telling you about on newsday, at the 620 has traditionally been a place for leaders of the world's largest economies to discuss global issues, like free trade or international financial stability. but today's summits sees these leaders divided on many topics, including north korea will stop so will trade get a mention? and how will america's protectionist does affect its position on the global stage? i put that to tom rafferty. the us is probably not to play a role in driving globalisation like did in previous decades, under donald trump. that was a key part of his election campaign, and he is looking
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to increment those policies in office. one of the key things to look at this meeting will be his discussions on the sidelines with xi jinping. they are coming towards the end of the 108 trade negotiation period. —— 100 day. we will now see if they could be further us retired reactions on china. so that trade negotiation is going to end very soon negotiation is going to end very soon tom rafferty there. now, the eu andjapan soon tom rafferty there. now, the eu and japan have cited major deal. it has been hailed as the birth of the largest free—trade zone in the world, covering a third of the world's economy, and that is over $21 trillion. eu officials say it will boost the eu economy by .8%, and japan's by almost a third of a percent. this follows the withdrawal
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from the tpp. let's hear what the japanese ambassador to the european union had to say. we have not given up union had to say. we have not given up hope that donald trump could return to the tpp. the european and japanese trade deal will be a model for people to follow. microsoft is announcing thousands of cuts worldwide, and it is expected to hit the sales team the hardest. the technology giant wants to beef of its presence in the cloud computing sector, but is facing opposition from us on and 6oogle. tesla has lost its title as america's most valuable carmaker. it wiped almost $8 billion off its capitalisation. 6eneral $8 billion off its capitalisation. general motors has reclaimed that title. same with the car industry, for years, companies like toyota
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we re for years, companies like toyota were concerned that younger people, so called millennial is, would buy fewer ca rs. so called millennial is, would buy fewer cars. but the japanese car giant feels that danger is no longer real, at least in america. michelle fleu ry real, at least in america. michelle fleury has more. further‘s new headquarters in texas. too did the centre, a climbing wall, two stories, doctors offices... it is all would you expect today in a modern campus. from the inside out, toyota is targeting generation y, those born between the early 80s and 905. the those born between the early 805 and 905. the group better known as millennial. there was a belief of years ago the general i was not interested in purchasing cars. that they were interested in ride—sharing and carsharing. —— millenial5. that i5 and carsharing. —— millenial5. that is not necessarily the case today. 90% of toyota's american 5ales is not necessarily the case today. 90% of toyota's american sales last year was to millenial5. 90% of toyota's american sales last year was to millenials. if you look at small luxury suv i5, year was to millenials. if you look at small luxury suv is, a lot of thati5 at small luxury suv is, a lot of that is being driven by general y.
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it is easy to see why it carmaker5 are going up to this group. they make of a fast—growing segment of new buyers in the united states. —— gen y. tailoring its ad campaign to appeal this group. toyota got youtube start bad lip reader to sub its commercials. a lot of these people came out of college with debts, jobs, but not necessarily korea's. it is now goes beyond that. their desire to buy cars is now coming back. for dirt and its new campus, moving with the times and appealing to a new generation.
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michelle fleury, bbc news, new york. —— for toyota. the growing middle class m ea ns —— for toyota. the growing middle class means asia's demand for food is rising fast. that is a lucrative opportunity for companies in the agri— food business. 0ne comedy that is tapping into this is royal dsm. i asked a broadband how they could make the industry more sustainable. if people move to you basically need to do more with the land. 0ne if people move to you basically need to do more with the land. one third of food goes to waste. can you imagine ina of food goes to waste. can you imagine in a world where urbanisation takes place? sustainability, getting more out of the land, efficiently, but reducing waste, is the key area for the future. that is extremely. a third of food going to waste. 0ften future. that is extremely. a third of food going to waste. often go from farmers and getting spoilt on the way to the shops. we know it is a five trillion dollar opportunity.
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—— going from. a five trillion dollar opportunity. -- going from. the opportunities are almost everywhere. let me pick one. rice. 2 billion in the world, 2 billion people, it cries. the only of rice is that it missing the micro nutrition. nutritionally, it is not good enough. it could fortify that rice and said about 230 or 50,000 migrant workers in singapore, you increase and improve health of these people. that is one example. but how long does it take for an idea, the innovations that you are suggesting, to become applicable to everyday life, like for instance, how do you even life, like for instance, how do you eve n sto p life, like for instance, how do you even stop this third of food getting spoilt? i think that is an excellent question. we were a little frustrated on the way. the speed of that implementation is not where it is. and industry chain is beefing up their efforts on it. we need to find
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an incentive to accelerate that, such as a carbon price will stop just to accelerate the transition. every crippled the market before we go. and the ones that have opened, they are taking their keys from wall street. the nikkei is done half a percent. australia down 1%. this is really due to a slump in iron ore futures. we also have the keyjobs numbers coming out of the us. and thatisit numbers coming out of the us. and that is it for asia business report today. thank you forjoining us. you're watching bbc news. our main story this hour: police in germany have clashed with protestors as world leaders gather in hamburg ahead of the 620 summit. and north korea celebrates its
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latest missile launch as president trump says he's considering a very severe response. now, an unemployed man from west sussex who killed two of his former girlfriends five years apart has been sentenced to life imprisonment. robert trigg was convicted of the manslaughter of caroline devlin in 2006, and the murder of susan nicholson in 2011. both women were found dead at their homes in worthing after a night out drinking with trigg. duncan kennedy reports. even on his way into court to be sentenced today, robert trigg's arrogance and contempt for his victims was made clear with this outburst. they should be here, not me. his victims, caroline devlin and susan nicholson, were both killed by robert trigg, and he nearly got away with it. in the case of susan nicholson, he'd claimed he'd accidentally rolled over on to her as they slept on a sofa at their home in worthing. but trigg never called 999,
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leaving it to a neighbour to talk to the operator, as he lurked in the background. but susan's elderly parents were suspicious, and hired a pathologist. they said she was suffocated by trigg. it's a disgrace really, the way we were treated, absolute disgrace. theyjust treated susan as if she didn't matter. as if she was of no consequence. five years earlier, caroline devlin's death was thought to be from natural causes, but she too had been killed by trigg. thejudge said trigg the judge said trigg was responsible for the senseless deaths. she jailed him for 35 years. she pressed the victim's families for their quiet
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and patient behaviour. —— victims'. sussex police say they did investigate trigg, but found nothing suspicious, but now admit they could have gone further. sussex police are very sorry that we didn't previously present those facts to the court, but what they gave us was new evidence that we didn't have at the time. it took a family's determination to bring this case. two deaths, one man — no coincidence. and now the man responsible is beginning a life sentence. a5 as always, lots more on our website. you can reach me and the team on social media. but now, it is time for all the sports news in sport today. and that is with nick marshall caught. hello, i'm nick marshall—mccormack and this is sport today, live from the bbc sport centre. coming up on the show: first kvitova, now pliskova, another czech is bounced at wimbledon. tears on the tour de france.
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marcel kittel is overwhelmed after his second stage victory. and joe root says he's in "dreamworld" after making an unbeaten 184 on his first day as england captain. hi there, wherever you are around the world, welcome to sport today. two favourites out of wimbledon in two days! third seed karolina pliskova was knocked—out by magdalena rybarikova. that's the fifth straight year, the czech has gone out in the second round. pliskova said "probably it's something in the air here" at the all england club. austin halewood watched the action. with pedro kvitova out of the women's draw, karolina pliskova

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