tv Asia Business Report BBC News July 19, 2017 1:30am-1:46am BST
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two separate us senate panels examining alleged meddling in the us election want to hear testimony from mr trump's eldest son and his former campaign manager paul manafort. president donald trump has said the new republican healthcare policy should be to allow the current law to collapse. support for the senate bill fell apart when two more senators said they couldn't back it. and this video is trending on bbc.com. life on the international space station has been photographed by an impossibly cute drone from japan. the first images from the so—called internal ball camera drone have just been released. that's all from me for now. stay with bbc news. and the top story here in the uk — every single youth custody centre in england and wales has been described as "unsafe. " the latest report from the chief inspector of prisons warns that a tragedy is inevitable and the decline in standards is staggering.
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the government says it acknowledges the issues raised, and plans to boost front—line staff. now on bbc news all the latest business news live from singapore. as china and america's 100 days of trade as china and america's100 days of trade talks expire, we look at how much has been achieved. and india's aviation minister exclusively tells the bbc it has agreed to the of the state carrier. hello and welcome. american beef, natural gas and financial services. those are just some of the trade deals struck between the us and china after us president trump met the chinese president in april. many are wondering if both sides can
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agree on more weights ways to boost trade. washington wishes to reduce its trade deficit which reached $347 billion last year. there are many contentious issues are still on the table as senior officials gather in washington for the annual bilateral economic dialogue. we have more on that from new york. it is made in america week in the us and president trump is promoting it. when we purchase products made in the usa, the profit stays here, the revenue says here and the jobs, maybe most importantly of all, they stay right here in the usa. that kind of protectionist language is a worry for america's trading partners including china. these days, however, mr trump's tone is more measured when it comes to china, compared to what was said in the throes of a presidential campaign.
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we cannot continue to allow china to rate our country. they have taken our money, they have taken ourjobs. the turning point in the relationship? we need broke rank and ate cake. now president trump has referred to president xi as a terrific guy and a good friend of mine. given the political state, what can we expect to come out of the summit? i would not expect any big breakthroughs. the most important thing is that they are talking and i would expect a fairly amicable discussion, some minor outcomes and some nice general language that the two countries will work together to strengthen economic relationships and reduce the trade imbalance, it imbalance. 0vershadowing the economic and trade issuesis 0vershadowing the economic and trade issues is the question of north korea. mrtrump issues is the question of north korea. mr trump wants china to exert more pressure on the country. a
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failure to do so could undermine the strategic dialogues. ata at a business lunch before the start of talks, the treasury secretary outlined his expectations from the summer. outlined his expectations from the summer. we still have work to do with china to achieve a balanced relationship based on reciprocal city. this relationship will provide more opportunities for us and for exporters and companies to compete. this means working to lift foreign ownership restrictions so that us companies can participate more thoroughly in china's growing financial services sector. it means working with china to resolve barriers to trade and its information and communication technology. finally, it means a high standard of openness and communicating. new and revised policies, regulations and statistics that our companies can make
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efficient business and efficient business decisions. in other news, bank of america has reported a better—than—expected 10% rise in profits in the three months tojune. the lenders say they did better due to higher interest rates and a boost in retail business, offsetting a slowdown in the investment sector. increased sales of the 35 fighter jet has boosted profits at lockheed martin. it that it beat market expectations after posting a 5% rise to over $940 million. sales in the aeronautic listeners, have jumped nearly 20% in the second quarter. shares in harley—davidson are down 6% shares in harley—davidson are down 696 in shares in harley—davidson are down 6% in after hours trade in new york after the iconic motorcycle maker slashed its sales forecast for this year. at one point they plunged 12%. and demand has dropped four years
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and they are facing competition from cheaper bikes. after struggling for yea rs, cheaper bikes. after struggling for years, india's government has finally agreed to privatise its national carrier. the airline is saddled with debt and so selling even part of it off will not be an easy task. we sat down with the aviation ministerfor easy task. we sat down with the aviation minister for this exclusive interview. a royal prince is the mascot of india's national carrier. and while they were once king of the skies, it has not made a profit in over a decade. a5 billion dollar bailout by the government in 2012 did not help. today, the airline has a debt of $8 billion. now a committee will decide whether to sell a minority stake or sell the airline completely. i spoke to the aviation minister, who is on the committee, and began by asking him if the government will write off the
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debt to sell the airline. you must be practical in these things. we have a word in hindi that means scapegoat. a hard now and businessmen and there is always a scapegoat that can be found. so you need escape to take up the airline? with all of its debt, we would need about 52,000. if i had that type of money, i could set up an outline. i would not have the eye. if you find a buyer willing to invest, given that it a buyer willing to invest, given thatitis a buyer willing to invest, given that it is a huge mess, they would one day a huge hand in restructuring, which would involve cutting jobs. that will lead to long—term trouble.
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cutting jobs. that will lead to long-term trouble. there is thinking that taxpayer money is invested in other places. rather than keeping airline afloat. those other places also render morejobs. airline afloat. those other places also render more jobs. in terms of numbers and things like that. do you see problems on that front? there are problems everywhere. business as usual is not an option. will you face political opposition? it is taxpayers money you will be using. we do if no matter what you do you have political opposition. we could allow aero india to become a written off company unable to discharge its liabilities. the indian e—commerce firm flipcart
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is sweetening its offer to buy a rival. they have told indian media that flipcart has raised its bid to 950 million. becomes one fortnight after its initial bid was rejected. and what sap is now working, not working in china. the service appears to have been hit by disruptions and experts say could be blocked by the government. the online currency bit coin has jumped in value after reports it may not be split into different currencies after all. the people who run the currency have been divided over it, howard is used, leading to flee as it could be split up. british american tobacco shareholders are set to vote later today on its $49 billion merger with a rival it will create the world ‘s largest publicly
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listed tobacco firm. consolidation has been picking up in the industry as demand falls. however in asia, japan, china and indonesia are among the world's exist tobacco consuming countries. india is also growing quickly. the use of smoke—free products is also becoming more popular across the region. i was told how this could affect the plans for asia. the bulk of the profits for asia. the bulk of the profits for ba tea will come from developing countries and emerging markets. in asia you will find the smoking prevalence asia you will find the smoking p reva le nce over asia you will find the smoking prevalence over 40% of men, they are smokers. this translates into big business. not just smokers. this translates into big business. notjust for bat but the tobacco itself. when you look at large make it to markets such as
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indonesia where two out of three men are smokers, this is a huge pocket. in the philippines you have 17 million smokers. the future profits of bat is asia and other emerging markets. ‘s a quick look at the markets. ‘s a quick look at the markets and how they have opened here in asia. than japanese market is flat as is the australian. that is flat as is the australian. that is that make it for this edition of asia business report. the top stories this hour. president trump's eldest son could be called to testify in the us congress — over allegations of russian interference in last year's election. after his latest setback — the us president says the new republican healthcare policy should be to let 0bamacare fail. later today the bbc will publish its annual report,
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which for the first time, will include details of how much the corporation pays its stars. the government has forced the disclosure, which will affect presenters on salaries of more than 150 thousand pounds. the bbc already publishes full details of executive pay and expenses. 0ur media editor amol rajan reports. they're the faces beamed out and broadcast to the nation on a regular basis, presenting shows that still command an audience of millions. and tomorrow, for the first time, we get a clear indication of how much they are paid. the bbc‘s annual report will include the salaries of all broadcasters paid over £150,000 by the bbc, a result of tense negotiations over its royal charter agreement. tony hall, the director general of the bbc, was against the move. i don't think it's right that we should have names against salaries, for stars, for presenters and others. i believe that would be inflationary, which i think will be bad for licence fee payers,
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and i believe it will be a poacher‘s charter. we put the argument out there, we lost that. we are managing a situation which we didn't want, but we will do. but isn't it quite embarrassing, in this list that comes out tomorrow, that two—thirds of those paid over £150,000 whose salaries we find out about are men? my real ambition when i came back to the bbc was to get to a position by 2020 where we have equality between men and women, on the screen and on the radio. and, over the last three years, of the new people we've either promoted or put on our screen or radios, 63% are women. is this progress enough? it's absolutely not. critics of the bbc argue that transparency can flush out waste, and the public have a right to know how their money is being spent. it can identify areas where there is fat left to trim,
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and it can help to inform priorities, whether the bbc should be competing in the marketplace for other providers for certain programmes, or deal with factual broadcasting. tomorrow will be an uncomfortable day for all bbc broadcasters, who will have to defend their salaries in public. it will be for the licence fee payers to determine whether or not they are value—for—money. amol rajan, bbc news. don't forget you can get in touch with me on twitter — i'm @babitabbc. time now for all the sports news in sport today. hello, i'm marc edwards and this is sport today, live from the bbc sport centre. coming up on this programme: a nail—biting finish, but hosts england hold their nerve to book a place in the women's cricket world cup final. wham—bam aubameyang.
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one of europe's most coveted strikers scores twice in a high—profile pre—season friendly. and michael matthews wins a windy stage 16 of the tour de france, while chris froome stays in the shelter to retain the race leader's yellow jersey. hello and thanks for joining us on sport today. we are going to kick things off at the women's cricket world cup, where drama and tension were served up aplenty. the first semi—final went right down to the wire, as hosts england held their nerve to book a place in the final. patrick gearey reports on their two—wicket win over south africa in bristol. what a game of cricket we have seen here today. a place in the grand
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