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tv   Asia Business Report  BBC News  August 23, 2017 1:30am-1:46am BST

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collided with an oil tanker near singapore on monday. ten sailors from the uss john 5 mccain formally remain missing after the collision. the us navy has halted all worldwide operations following the accident. indonesia has declared a radical cleric a suspect in suicide bombings in jakarta in january last year. aman abdurrahman was charged with orchestrating the attack, despite being in prison at the time. this story is popular at bbc .com. a rare white koala has arrived at queensland zoo in australia. her pale colour is due to a recessive gene, thought to be inherited from her mother. the zoo are now asking the public for their help in naming the koala. stay with bbc news. and the top story here in the uk: the former owner of bhs, dominic chappell, is to be prosecuted by the pensions regulator. he's accused of failing to provide information to an investigation into the retail chain's sale.
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now on bbc news, all the latest business news live from singapore. united states turned up the pressure on north korea by imposing new sanctions. and is china's largest vehicle maker cooling its prospects to buy the iconic american band chip? —— brand, jeep? good morning. thanks for joining us for this edition of asia business report. i'm rico hizon. the us is expanding sanctions on north korea in an attempt to stop the weapons programme. they are tightening sanctioning restrictions on companies accused of helping
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pyongyang if they'd these existing sanctions. they are also seeking to recover millions of dollars. let's cfoss recover millions of dollars. let's cross over recover millions of dollars. let's cross over to recover millions of dollars. let's cross over to our recover millions of dollars. let's cross over to our reporter. who are these third—party companies? cross over to our reporter. who are these third-party companies? us prosecutors have added ten companies and six individuals to the north korea sanctions list. these are predominantly chinese and russian companies which, as you said, had helped north korea is a national sanctions and crucially helped them raise money for their nuclear weapons programme. some of the companies that were named basically i'll buying or selling call from north korea. —— are buying. others helped provide financial services to north korea. one other one was having foreign workers from north korea go overseas and build statues. what has been the reaction of these russian and chinese companies that
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have been pinpointed by the united states ? have been pinpointed by the united states? they aren't happy. because they say it is unilateral and therefore potentially illegal. the chinese and russians said that the un just over two weeks ago implemented tough new sanctions on north korea and so they would adhere to that. but for the us to move ahead eye itself they are not in agreement. —— by itself. ahead eye itself they are not in agreement. -- by itself. it seems there could be retaliation. thank you for the update. it looks like great wall motors is making a u—turn in prospects to buy jeep. the chinese automaker was said to be making a bid for the brand but now the company says there are the uncertainties as to whether it will continue to consider the option. the chinese maker wants to become a globally recognised brand and buying
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jeep would help it achieve its goal. industry rivals have had mixed results with acquisitions. geely had a turnaround after buying volvo. a bid by sichuan tenzhong for general motors' hummer failed to clear regulators. i spoke to someone earlierfrom clear regulators. i spoke to someone earlier from shanghai and asked what uncertainties great wall motors faces. if you are going to extract the crown jewel from fiat chrysler's portfolio you will have to pay a price. what they are doing if they aren't necessarily making a u—turn. i think they are taking a rest stop for a moment to see if they can position themselves. they aren't being aggressive. i think there is probably a positioning strategy for
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them. apart from the price, could it also be the geopolitical situation? this is an american brand being sold ata time this is an american brand being sold at a time of heightened tensions. no, it's too early in the process. there's nothing stopping them from a discussion at this point. the regulators aren't going to say, you can't do that. certainlyjeep is the quintessential american brand and has military heritage. it will be controversial in the us. but on the chinese side i think it would be very prestigious for a chinese company to have the depth and development to the point where they can even consider acquiring a global brand like jeep. taking away the pricing situation, will there be synergies between great wall motors and jeep? certainly. great wall is at core and suv manufacturer. jeep
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isa at core and suv manufacturer. jeep is a premium suv brand and is positioned nicely in china, so i think they complement each other well. great wall is a chinese brand that would like to be global. that was an analyst in shanghai. continuing this theme, ford is revving up to sell a new brand of electric vehicles in china. an announced plans to set up these plans —— it announced. and it says it will produce electric vehicles on the mainland. the chinese company sold more than 16,000 all electric ca rs sold more than 16,000 all electric cars this year, through sold more than 16,000 all electric cars this year, throuthuly. there are reported widespread flight cancellations due to the typhoon. cathay pacific announced the majority of flights into and out of hong kong, between now and 5pm local time. the hong kong airport authority is urging passengers to
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confirm their flights before authority is urging passengers to confirm theirflights before heading to the airport. talks between south korea and the us failed to find a way to move forward on amending their five—year—old free—trade deal. trump has called the agreement a job killer for the us, but the soul stressed that the us, but the soul stressed that the us trade deficit with south korea was not the result of the bilateral trade deal —— seoul. it proposed a joint study to examine the effect of the agreement. continuing our series this week, the netherlands was the first country in the world that made it legal for doctors to help patients to die. euthanasia now accounts for 4.5% of deaths, as more people who don't suffer from deaths, as more people who don't sufferfrom terminal deaths, as more people who don't suffer from terminal illness are still opting for life ending treatment. but there's been opposition plans to further relax laws. how awesome for you to check me out.
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iama how awesome for you to check me out. i am a stand—up comedian and a motivational speaker. she was a performer who adored the spotlight. but in 2015, she decided to end her life with euthanasia. she was so young, 25. but she had a lot of pain in her body. physically, mentally. she couldn't deal with it. her doctor granted her request on the fourth time of asking. she said, mum, i've got news. i can go. it's my liberation day. she was such a happy child. 6300 patients were given a life ending treatment in the netherlands in 2016 and 500 of them used this independent foundation. the end of life clinic employs 55
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teams, consisting of a doctor and nurse, who travelled to people's homes to administer the lethal injection or hand over the lethal cocktail of drugs. in a country where medical insurance is mandatory, its insurance companies not individuals that pay the bill. but euthanasia critics around the world a re but euthanasia critics around the world are worried about insurers focusing on their own profits, facilitating a voluntary death is relatively cheap, as little as $1100, compared with a cost of treating a long—term terminal illness. the director at the end of life clinic find this accusation is frustrating. it's not about the cost. what is driving us is to help these people who are in a situation that they say, please help me in dying, there is no other option. that's the reason why we is no other option. that's the reason why we are is no other option. that's the reason why we are here. we are absolutely not cost driven, we are not—for—profit. absolutely not cost driven, we are not-for-profit. insurance companies also denied these claims, saying: also 85% of dutch people broadly
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support the current law, advocates of euthanasia want to relax the legislation even further to allow anyone over the age of 75 to choose death when they feel they've had enough of life. these proposals have horrified the netherlands‘ small but politically powerful christian lobby. that debate continues. for many thousands of people across the netherlands, how it ends will truly bea netherlands, how it ends will truly be a matter of life or death. join the conversation online and let us join the conversation online and let us know your thoughts. before we go, a look at the markets. japan and australia have open. the nikkei is up australia have open. the nikkei is up by australia have open. the nikkei is up by 129 point four. the all ords
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gaining 35 points, 0.6%. this is because wall street stocks jumped overnight as investors took advantage of recent pullbacks in equities as worries about us political stability and tensions with north korea received. the dow jones soaring by about 1%, 196 points. the nasdaq composite index in positive territory by 1.4%. as for the currency markets, the dollar advancing ahead of the meeting of central bankers. thank you so much for investing your time with us and have a profitable wednesday. see you again soon. this is bbc news. the top stories this hour: two days after an american warship and a tanker collided off the coast of singapore, divers have found bodies inside the flooded compartments of the ussjohn s mccain. ajailed indonesian cleric has been named as a suspect in a bomb attack last year, the first in southeast asia to be claimed
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by the islamic state group. the former boss of the retail chain bhs, dominic chappell, is to be prosecuted by the pensions regulator forfailing to provide information to an investigation into its sale. bhs went into administration last year, creating a £571 million pension deficit. this time last year and everything must go — the end of an era of a once great high street name. dominic chappell, its former owner, he had no retail experience, but he bought the loss—making chain for £1. just over a year later, bhs collapsed into administration. this used to be bhs‘ flagship store, here on oxford street. the shutters are still down on what‘s coming next. what was revealed today, though, is that dominic chappell
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is being prosecuted by the pension regulator for failing to provide information and documents about a reasonable excuse. it wants this material because the regulator is still pursuing mr chappell over whether he avoided his responsibilities to the bhs pension scheme. i want to give an assurance to the 20,000 pensioners, i‘m there to sort this. sir philip green sold bhs to mr chappell. after that promise to mp5, he eventually paid more than £350 million in a settlement with the pension regulator. for this mp, bhs is still unfinished business. there is going to be a search for truth and justice, even if it takes a long time, and the select committee will help play its part in that great unfolding drama. many stores still lie
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empty as mr chappell is summoned to appear in court. he‘s previously pledged to fight any legal action, denying he was responsible for the hole in the pension scheme. emma simpson, bbc news. ford is the latest car company to launch an incentive for people to trade in vehicles older than seven yea rs by trade in vehicles older than seven years by offering £2000 off some new models. the scheme will run until the end of the year and, unlike similar schemes by bmw and mercedes, which are only for diesel cars, ford will also accept petrol vehicles. that‘s it from me. get in touch with me on twitter. the rest of the news in15 me on twitter. the rest of the news in 15 minutes. now for the sports news in sport today. hello. i‘m gavin ramjaun.
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and this is sport today, live from the bbc sport centre. coming up on the programme: barcelona want a piece of neymar again. this time, they are sueing the brazilian for millions over alleged breach of contract. england will face a showdown with new zealand in the women‘s world cup final thanks to a hard—fought victory over france. and a former olympic cross country skiing champion has her ban extended for using steroids in her lip balm. welcome to the programme. barcelona are suing neymar for at least ten million dollars for alleged breach of contract. barca are demanding he return the loyalty bonus paid after he renewed his deal with the catalan side in october last year. that was before he left for paris st germain earlier this month in a world record transfer worth $261 million. the club is also chasing an additional 10% in interest payments for a delay in payment.

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