tv Asia Business Report BBC News October 4, 2017 1:30am-1:46am BST
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our top story: more details are being given about the victims of monday's mass shooting in las vegas. among the 59 people killed by gunman, stephen paddock, was a us navy veteran and a special needs teacher. president trump has said the debate on gun control perhaps will come but is not for now. catalonia will declare independence from spain in a matter of days according to the catalan president. earlier, the king of spain described political leaders in catalonia as being disloyal. and this story is trending on bbc.com. it's to do with a theory first proposed by albert einstein about so called gravitational waves. it's now been successfully proved by three scientists who jointly won this year's nobel prize for physics. that's all from me for now. stay with bbc news. and the top story here in the uk: the uk government has announced plans to ban the sale of acids and other corrosive substances to people aged under 18, following a series of attacks.
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now on bbc news, all the latest business news live from singapore. check your inbox. yahoo says all 3 billion user accounts were affected by the data theft in 2013. and harvesting the benefits of artificial intelligence. good morning, asia. hello, world. welcome to another edition of asia business report. my name is rico hizon. it's a wednesday. thank you forjoining us. a wednesday. thank you forjoining us. data breaches are dominating the news today. first, we start with yahoo, reporting this morning a 2013 data hack is much worse than
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initially thought. latest investigations reveal all user accou nts investigations reveal all user accounts may have been compromised, and this is raising uncomfortable questions about how exposed yahoo users are. for the latest, we are joined by sharanjit leyl. this is bad news for yahoo and its investor, verizon. from the1 bad news for yahoo and its investor, verizon. from the 1 billion disclosed late last year, it is now 3 billion user accounts potentially compromise in the 2013 august data leak. this came about because forensic investigators took a closer look at it. they found user accounts, they did not include pass words, not encrypted text, and bank account information. the latest line is the us senate commerce committee plans to call yahoo and equifax,
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which he will talk about later, the other data breach we have been reporting on, they will be calling them in to testify. do you think verizon is regretting its acquisition of yahoopaid $4.5 billion for it injuly. they were assessing the data breaches. there was another in 2014. they managed to negotiate down the price, getting $350 million for the price as a result. but now, verizon is open for class—action disputes and legal disputes by shareholders and account users. and there was more details specified with this revelation on tuesday saying that the 3 billion figure included accounts opened by the only briefly used. so they are
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reaching out to all yahoo users now to tell them to be careful. mounting problems for yahoo. thank you for the update. and now another data hack. equifax was taken to task over the handling of the massive security breach. it impacted 145 million people. they were told the failure to maintain software led to the data hack. it happened on my watch and as ceo i am responsible and take full responsibility. i am ceo i am responsible and take full responsibility. iam here ceo i am responsible and take full responsibility. i am here to say each and every person affected by this breach, i am truly and deeply sorry for what happened. i have
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talked to many consumers, i have read your letters, and equifax is committed to making it better for you. also on capitol hill in washington, wells fargo ceo was grilled by lawmakers oversteps taken to change the corporate culture, leading to 3.5 million fake accounts over three years. the hearing comes a year since the former ceo appeared before the same senate banking committee. if he was expecting a warm reception, he was disappointed. i warm reception, he was disappointed. , the sloan has spent three decades at wells fargo, but only 11 months as ceo. —— timothy. elizabeth warren talked about his tenure. you say you have made changes for 30 years, but you enable this scam, got rich off
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of it, and tried to cover it up. you we re of it, and tried to cover it up. you were incompetent and implicit and should be fired. he was the chief financial officer at wells fargo at the height of the accounts fraud scandal in which millions of fake accou nts scandal in which millions of fake accounts were opened without the permission of customers. he would speak to investors on a regular basis as ceo. on those calls, you aggressively promoted wells fargo's ability to open up new accounts, did you not? i did not. these are the transcripts from the earnings calls you participated in, and in these, no one, not evenjohn, the ceo at the time, bragged more about wells
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fargo's ability to open new accounts. in the face of harsh criticism, he defended his tenure. accounts. in the face of harsh criticism, he defended his tenurelj have not been perfect and made mistakes, but having the knowledge of the company and ability to change, the actions taken since i became ceo of 11 months ago, it has changed the company fundamentally. i am not afraid to make hard decisions we re am not afraid to make hard decisions were needed and i have the support of 270,000 people. $185 million i could be paid for misdeeds. they also promised change, a change that some lawmakers believe will not come until there is new blood. bbc news. the embattled aircraft tycoon, vj, has been released on bail. he was accused in a london court of money
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laundering with some funds going to his force india team. he will stand trial over an alleged debt of roughly 1.3 billion us dollars owed to state—owned banks. the self proclaimed king of the good times says he has done nothing wrong. it is peach harvesting time. everything is peach harvesting time. everything is still done by hand. a group of university students used artificial intelligence to make the job easier forfarmers. translation: we start a growing peachesin translation: we start a growing peaches in 1958. —— started. my
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father and grandfather were both peach farmers. we need many people to pick and sort them. by the afternoon we have to get hundreds of baskets ready. translation: peaches come in different sizes and colours. some have scars or different sizes and colours. some have scars 01’ worm different sizes and colours. some have scars or worm holes. they come through this way. the camera sends information to the terminal. in the terminal sends a set of statistics to the single chip microcomputer here. that computer than controls these five cylinders, and pushes the
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peaches into the right baskets using mathematical calculation is. we were very nervous when we first brought this machine here. it needed to work in an actualfarm, this machine here. it needed to work in an actual farm, notjust in this machine here. it needed to work in an actualfarm, notjust in an laboratory. it needed to work. the machine has great potential. if we work on it it may become a movable robot. i do think it is far away that we will have this working. i think artificial intelligence can replace manual labour. if there is a bug with the machine, we need to solve them with humans. innovation and farming. i do love my peaches. a
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quick look at the markets before we go. asian stocks are on the rise in early wednesday trading after airline and automobile equities were big gainers overnight. all three major indices soared again to fresh record highs, up by 84 points. the nasdaq composites index gaining 15 points. currently the nikkei is up by about 60 points. thank you for investing your time with us. i am rico hizon. sport today is coming up next. before that, the main stories for you. more details about the victims of america's deadliest ever shooting have been released by officials in nevada. amongst the 59 victims in las vegas were a navy veteran and a teacher who taught children with special needs. catalonia will declare independence from spain in a matter of days
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according to the catalan president, carles puigdemont. the king of spain has described political leaders in catalonia as disloyal and called for unity. the government is to ban the sale of acids to anyone under the age of 18. the home secretary says she also intends to "drastically limit" the sale of sulphuric acid that can be used to make explosives. the announcement follows a large increase in assaults using corrosive substances, more than 400 attacks in the six months to april. our home affairs correspondent, daniel sandford, has been speaking to a victim of one such attack. his report contains distressing images. the agony of the aftermath of an acid attack in east london injuly. thieves have thrown a corrosive substance in the face of this motorbike delivery driver. police
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we re motorbike delivery driver. police were trying to reduce the pain and save his face. fortunately, he survived without serious injury. but this afternoon he told me the attack had left him mentally scarred. after the incident i am really scared. i know the pain, what happens to me. i don't want anybody else in the future to cry on the street like me. 0thers future to cry on the street like me. others like this woman and her cousin have suffered life altering facial burns. and today, the home secretary promised she would change the law. acid attacks are absolutely revolting. you have all seen the pictures of victims that never fully recover. endless surgeries. lives ruined. so, today, iam also announcing the prevention of sales of acid to people under the age of 18. as well as that complete bantu people under the age of 18, it will
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be illegal for anyone to carry them without good reasonban to. and people would need a licence to buy buy one of the most dangerous liquids, sulphuric acid. victims are scared that young people will still get them. they can get them from the kitchen, anywhere. they can get it from somebody else. so it is not going to help like that. the rising numbers in the uk, especially in london, has made it one of the worst countries in the world for acid attacks. some rules on selling corrosive substances were relaxed just two years ago. daniel sandford, bbc news. we have much more on that story and other stories on the website. you can get in touch with us as well through social media. now it is time for 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: rafael nadal recovers from a scare in beijing against lucas pouille to advance to the second round. brian dozier hits the first home run of the american league wild card match as the minnesota twins take an early lead over the new york yankees. and despite only having partial movement in his right arm, robert kubica may be back in formula one next season. hello there and welcome to the programme, where we start with tennis and the news that world number one rafael nadal had to save two match points in his first round match against france's lucas pouille in beijing before securing his passage to the next round. austin halewood has a wrap of the action from china. back on court. the
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