tv Asia Business Report BBC News September 28, 2017 1:30am-1:46am BST
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for the first time since the mass exodus of rohingya muslims began. the un has been demanding access since august, when myanmar‘s military launched operations against rohingya rebels, causing hundreds of thousands to flee into neighbouring bangladesh. nearly 100,000 people on the indonesian island of bali have now left their homes near the mount agung volcano as they prepare for it to erupt. vulcanologists have been recording hundreds of earth tremors each day. and this video is trending on bbc.com. fights have broken out in the ugandan parliament for a second day. mps threw chairs and microphone stands, angry about a move by government supporters to change the constitution. that's all from me for now. stay with bbc news. and the top story here in the uk: jeremy corbyn has closed the labour conference in brighton, saying the party occupies the political centre ground and is on the threshold of power. he promised rent controls and said only labour could unite the uk after brexit.
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now on bbc news, all the latest business news live from singapore. us president donald trump reveals the biggest tax overhaul of the country in decades. will in the better for business? —— will it be. and amazon goes even further into artificial intelligence software, sending a fresh challenge to google and other technology companies. good morning, asia. hello, world. welcome to another edition of asia business report. i'm rico hizon. thank you forjoining us. it's a thursday. us president donald trump has outlined plans to change the us
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tax system, including a move to cut the corporate tax rate to 35%. critics say it will primarily benefit the rich in the country while adding to the growing national debt of america. michelle fleury has more from new york. many details are still unknown, but on wednesday, the president unveiled his blueprint for tax reform, a blueprint for drafting legislation. he travelled to indiana to promote the plan. this is a revolutionary change, and the biggest winners will be the everyday american workers as jobs start pouring into our country as companies start competing for american labour, and as wages start going up at levels that you have not seenin going up at levels that you have not seen in many years. so, what exactly is in donald trump's proposed tax plan? he wants to reduce the number
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of income tax brackets from seven to three. these are the proposed rates. as you can see, the bottom rate is higher than today's top rate. if it sticks, it will give a tax cut to wealthy americans. corporate tax cuts as well are on the screen. pass through businesses would see rates cut to 25% along with hedge funds. there will also be changes to how us multinationals are taxed. republicans say they are united behind the president. this comes after the legislated failure to six health—care. after the legislated failure to six health-care. we will try to turn this mess around. —— overhaul. i
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wa nt this mess around. —— overhaul. i want support from both sides of the aisle for our country. how much will this plan costs? while everyone supports tax cuts for the middle—class, it is to see democrats getting behind tax cuts for the wealthy. it is as tough as healthcare. that report from michelle fleury. amazon's echo has been the surprise hits gadget in the past few years. the device can talk. it isa past few years. the device can talk. it is a best seller in the voice assistance market. we went to the headquarters in seattle to see what is coming next. for about an hour, amazon talked about a lot of devices, including the updated echo assistant, and a premium edition called the echo plus, a small version with a screen, called the
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echo spot, and an updated smart tv device. it will cost £89 in the uk. it is smaller than the previous model and has better sound. it comes ina model and has better sound. it comes in a variety of different shells, designed to make it fit in better with the decor. there is also the upgraded version which has smart home capabilities, so i can say alexa, good morning, it will turn on the lights, tell me the weather, and put on the kettle. there are many new options. will normal people find them too confusing? could be confusing thing will be the echo and the new one, the smaller one, which looks good, and the plus, which is
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the same, but easier. people will say i don't know which one i want. if you create a void, sometimes they panic and buy something different. the selection upfront does not confuse simplicity. what is most important is once you have installed the product, it is incredibly simple. nothing has changed. it is simple. nothing has changed. it is simple and approachable and she is able to do everything she has been able to do everything she has been able to do and more. amazon has clearly been working very hard to increase the lead it has in home assistance. but all eyes are on google. we expect a new home device from them as early as next week. shares of a canadian airspace company closed 8% lower after the us government put tariffs of 220% on its jet. both canada and the uk have suggested there might be retaliatory action. we arejoined by a business reporter. what has been the
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complaint of boeing? they feel there is not a level playing field. they feel canada has in fact, you know, skewed things by giving subsidies as well as the uk government giving subsidies for a factory in northern ireland where the wings are built. the question is whether this will lead to tit—for—tat trade disputes, which is what the wto was set up to prevent. donald trump on the right and unions on the left have complaints this process has not really been working. in fact, if you wait around for the wto to solve things, you could go broke waiting. you would also have to wonder how many companies are put off by the uncertainty that comes with this kind of process and whether or not we will see quite a few more of these tit—for—tat disputes. we will see quite a few more of these tit—for—tat disputeslj we will see quite a few more of these tit-for-tat disputes. i hope this does not spark a trade war. thank you for the update. timothy mcdonald. shinzo abe from japan is
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said to dissolve parliament ahead of a snap election next month. that is today. he has had five years in office and many think he will win the election. however, his former defence minister is hoping to challenge that. the current governor of tokyo launched a new political party on wednesday. her party of hope wants to adopt populist policies of an big nuclear power and freezing a sales tax which is set to ta ke freezing a sales tax which is set to take effect from 2019. wolfgang schaeuble will become speaker of the lower house of germany's bundestag. he is perhaps best known i helping he is perhaps best known as helping to steer the eurozone through its debt crisis. the chancellor, angela merkel, pepsi can bring together the lower house, which will include two more parties after the federal election on sunday. —— hopes he. it
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ta kes a election on sunday. —— hopes he. it takes a village to raise a child, a popular proverb used by policy and celebrities. a new report from the world bank reveals some companies are finding truth in those wise words. businesses have offered chuggers services and are seeing positive result to the bottomline in these countries. they have already laws requiring employers to provide childcare. will that provide a benefit? we posed this question. there is basically three angles to this business case. the first is access to talent and recruitment. in most economies, emerging economies, access to the top skills is a critical business challenge. so, offering childcare can help you get the best. you would be an employer
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of choice. then there is retention. when you get someone in the door you wa nt to when you get someone in the door you want to keep them. retention costs a lot. and productivity. working pa rents lot. and productivity. working parents need to feel secure about children. in asia, to governments and private concerns really see childcare benefits as a key driver for economic growth? —— do. childcare benefits as a key driver for economic growth? -- do. in japan, of course. there is such an important push to get more women in the labour force. they want to benefit the economy. this is a critical issue. the government strongly encourages businesses to ta ke strongly encourages businesses to take action on supporting childcare. in other countries facing urbanisation and differences in family structure, it is an emerging issue, and i think it will become a business issue, and is becoming a business issue, and is becoming a business issue. not just business issue, and is becoming a business issue. notjust childcare, but care for elders as well. and in singapore? do they support childcare
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benefits? absolutely. the government in singapore has been taking this seriously and has tried to figure it out. there are many initiatives around dividing education. —— providing. it is a work in progress. offering childcare benefits gender gaps in employment as well. definitely. there is still a very significant gender gap in labour force participation. and providing childcare can be part of what keeps women in the workforce. this is a huge benefit to an economy, sometimes 2— 3% of gdp growth. huge benefit to an economy, sometimes 2- 396 of gdp growth. and with that we in this edition of asia business report. thank you for investing your time with us. i am rico hizon. see you again soon. you are watching bbc world news.
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the top stories this hour: un agencies will be allowed to visit myanmar‘s rakhine state on thursday for the first time since the start of the exodus of rohingya muslims. another day of waiting for tens of thousands of people evacuated from near bali's mount agung volcano. which threatens to erupt at any moment. in bristol, police officers who shot dead a driver this morning near the m5 say they were responding to reports that he was carrying a gun. witnesses have described hearing up to ten shots being fired by officers after the car was stopped. the shooting happened near portishead. avon and somerset police say they have informed the independent police complaints commission, who are now investigating, as our correspondent, jon kay, reports. morning rush—hour and a shooting involving armed police. the red car has a handgun on the roof, bullet holes in the rear window and there's shattered glass on the ground. eyewitnesses described the vehicle being surrounded by marked
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and unmarked police cars and then officers firing inside. first i thought that it was just someone getting turn around or something in the road. i looked downed and i looked up, five, six shots fired, and the officers standing there. through the window, the window was all smashed and then they dragged him from the vehicle. as i drove back later, i could see there was a helicopter that had landed and then that road was completely closed off. it was chaos. theyjust got out of the air ambulance, ran to what was a red car, with two cars behind. it didn't look like a crash scene. we thought somebody had been obviously ta ken ill. didn't think they'd been shot. avon and somerset police confirmed the operation, on the outskirts of bristol, was not terror related. they said officers were responding to calls from concerned members of the public who'd reported seeing a man with handgun driving on the m5. it's claimed he'd threatened another motorist. when the car left the motorway at portishead, the force said
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officers stopped it and shots were fired. avon and somerset police have voluntarily referred what happened here to the independent police complaints commission and they have officers here right now surveying the scene and trying to analyse what's gone on. the ipcc said tonight that a nonpolice firearm was found at the scene and one expert has told bbc news that the gun on top of the car did not appear to be a police weapon. as part of its investigation, the ipcc will check any video footage from cameras the officers may have been wearing and they're asking any witnesses with dash cam footage to make it available. jon kay, bbc news, portishead. don't forget, you can get in touch with me on twitter. time now for all the sports news in sport today. hello, this is sport today, live from the bbc sport centre.
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coming up on this programme: mbappe, neymar and cavani combine to make it two wins from two for paris st—germain in the champions league. despite his arrest, ben stokes is included in england's ashes squad. and garbine muguruza find that winning formula once again, to set up a quarterfinal tie against jelena ostapenko at the wuhan open in china. yes, welcome. eight matches, 25 goals in the champions league on wednesday, one of the most impressive performances coming from paris st—germain, who brushed aside the five—time european champions bayern munich 3—0. according to our football reporterjohn bennet, signs their heavy investment in their playing squad is paying off.
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