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tv   Asia Business Report  BBC News  October 20, 2017 1:30am-1:46am BST

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are fleeing into bangladesh from myanmar every week. many of them are in urgent need of medical attention. aid workers say they are struggling to cope with the high numbers of children at risk of dying. donald trump's chief of staff, john kelly, has said he was stunned by the criticism of the president's phone call to comfort the family of a sergeant ladavid johnson, who died while serving in niger. and this video is trending on bbc.com...it‘s the moment when three of europe's leading politicians decided to make their conversation a little less public. both the french president and german chancellor decided to keep their advice to the british prime minister private. what they actually said on their way into an eu summit in brussels is still a mystery. and the top story here in the uk...as the number of recorded crimes in england and wales rises sharply,
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norfolk police say they're getting rid of all of their police community support officers and closing down seven police stations. nissan's production in japan nissan's production injapan comes toa nissan's production injapan comes to a screeching halt as it admits to production goblins. and the end of an era as the last card to be manufactured in australia rolls off the assembly line. —— last car. yet more trouble for corporate japan. its second—largest carmaker, nissan, says it plans to suspend domestic production of cars for its home market to probe more deeply into a certification scandal. nissan was forced to hold a major recall
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after the firm admitted that uncertified technicians performed final checks on some car models. for more our correspondentjoins us from the newsroom. can you sum up his son —— nissan's latest problems. the newsroom. can you sum up his son -- nissan's latest problems. it seems to be going from bad to worse for corporate japan. we have been discussing this topic a lot lately but it feels like a rerun of old news. today we have seen nissan shares reacting to the bad news, down about i% in early tokyo trade following a broader trade on the tokyo stock market which is also down today. just to recap what wedlock wrong with this particular incident at nissan, it says it spends —— suspends local production of japanese cars at six of its local plants. in perspective, that is 6% of its global production. not a massive figure but not insignificant either simply because this is such a big reputational dent to japan's let
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second—largest carmaker. it really boils down to the issue of what at bully went wrong. when these checks we re bully went wrong. when these checks were being carried out. nissan says that uncertified technicians were responsible for letting these cars and get out onto the streets and they were checked by uncertified technicians. the problem started, according to some reports that have emerged in the japanese press and comments from the ceo as well, is that there appears to have been miscommunication between planned managers and technicians. investigations are continuing and one phrase that struck me from the comments coming from the ceo last night, he said that emergency measures were not enough. we were unable to change a bad habits. is an unusual turn of phrase to use when you are looking at these technical issues and checks within the company. really shining a light on some of the problem is notjust at
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nissan across corporate japan. as you say, it sounds like a rerun. this problem is almost endemic in corporate japan. you and i have spoken about this for days, if not weeks now. i have been writing about this as well on my blog on the bbc website. for more details you can check that out if you have the time. what this issue shines a light on is what appears to be some really major problems of quality control and corporate governance within corporate governance within corporate japan. whether or not the top—down structure that has been so much a part of corporate culture here needs to be addressed. things like h steel back in the media, think about that really need to be addressed. new zealand's stock market and currency reacting to the news that the opposition leaderjacinda ardern
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will become the next prime minister. the stock market fell by over i% when it opened earlier today. the kiwi dollar logged its biggest one—day fall in more than a year on concerns that her new covenant will have a protectionist agenda. for more, lead speaker greg mckenna. what you tell us about the election and why are the markets reacting so negatively? it was a big surprise that winston peters, the leader of new zealand first chose a coalition with labour and the greens, given that the national party won the election but did not quite get there to form a majority. that uncertainty, the uncertainty about policy and just who will be in control of this government has hurt the kiwi. is having a second wave of selling right now, down 7 cents although the stock market has rallied. as you mentioned, the kiwi
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dollar is being impacted by this and we know that jacinda ardern has protectionist policies and their worrall road is about the new as well. you say markets hate uncertainty is what sort of impact will the policies have long—term? the worry is that when we heard from the new prime minister last night she spoke about not wanting to just let prices and immigration run the way it has. that worries people about the impact have on growth. will house prices go south? back in impact economic activity. she wants to make changes to the reserve bank which is one of the reasons why currency markets have reacted so aggressively. that uncertainty around what is the adi nz‘s mandate going to be, how well will impact. the market voted this morning the new zealand growth going forward will be lower until we see what the
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new finance minister and the prime minister have to say and what they do in the coming months. the kiwi could remain on the back foot. appleshare is a bruised you do science of anaemic demand for the iphone eight. —— apple's shares are bruised. slots at quarter customer upgrades have been reported and it is believed that a high pricetag could be responsible. ai a has reported a whopping 20% jump could be responsible. ai a has reported a whopping 20%jump in new business due to strong sales in its main markets of china and hong kong. both markets account for roughly half of new business growth for the firm. the value of new business which measures expected profits is a key gauge for expected growth rose
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over the recent quarter. in the last ca rd to over the recent quarter. in the last card to be built in australia will come off the production line today. as holden seizes production at its factory in adelaide. the closure is the end of car manufacturing in australia. some argue that the industry was destined to fail big —— to fail. holden is traded on bingham born and bred in australia. in fact, since the 1930s is all australian brand has been american owned. general motors was enticed by the australian government to kickstart its domestic motor industry and give australians a car they could call their own. it was for australian conditions. they were tough, they were rugged. they could
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deal with our temperatures. outback australia is a harsh place and these things were made half. for decades, holden and ford battled it out to be the dominant brand. if you wanted a family car, those were your options until asian car manufacturers came along and offered a cheaper alternative. now holden production has reached the end of the line here. following ford and toyota in pulling out of australia. the holden brand will continue but using imported cars. some argue the country's motor industry has been stalling for years. the australian local assembly industry was destined to fail because it was established originally behind very high tariff barriers to maximise employment. but it could not become export competitive when the tariffs were reduced. this is when imports
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started flooding in and the local industry was very slow to adapt. holden is no longer australia's best seller. there is still a lot of brand loyalty. but farm, like this syd ney brand loyalty. but farm, like this sydney dealer, think that could soon bea sydney dealer, think that could soon be a thing of the past. the only thing it will be now is an historic carand thing it will be now is an historic car and people who can afford to pull one in the garage, they will be worth a lot of money in years to come. i don't think that the public at gonna take lightly to this. this commercial is brought to you by football, kangaroos, meat pies and australia's own car... holden says building cars in australia is no longer economic viable. it seems unlikely that other industries —— manufacturers will take the risk so it really could be the end for
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australia's own car. having a look at the market is now. looking at australia, you concede a slightly lower, echoing them mixtures we saw on wall street. there would gains, record closing gains on wall street but commodity prices are falling and that impacts some resource stocks in australia. birth japanese market has opened lower as well and that ends a strea k of opened lower as well and that ends a streak of games that it has seen, the best performance we have seen in some 30 years. they have been affected by the yen and also nissan, as we told you earlier. the top stories this hour. the un says as many as twelve thousand children are crossing into bangladesh every week, as they flee the violence in myanmar. many desperately need medical help. the white house chief of staff john kelly says he is stunned that donald trump has been criticised
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for the call he made to a military widow. it's become a common blight in many towns and cities — the illegal dumping of household waste, builders' rubble, tyres and even animal carcasses. more than a million cases of fly—tipping were reported in england in the last year. that's a rise of 7% — and up for the fourth year in a row. our correspondentjon kay has been looking at the scale of the problem. and still it grows. almost every part of the uk is blighted by fly—tipping. cardboard boxes and underlay. we started the day in devon, wherejenny feels sick every time she leaves the house. when you see this on your doorstep, how does it make you feel? terrible. terrible, because it makes you feel dirty, doesn't it? stood here now, you are getting a smell from it all, aren't you? yeah.
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i can smell it. it's horrible. and you've had a rat? yeah, in my kitchen. yeah. since last year, councils in england have been able to hand out fixed penalty fines, but the rubbish just keeps mounting. two thirds of the waste that is dumped is household rubbish, and it costs councils almost £58 million to clear up. our next stop is gary's farm on the somerset levels. we've got builders' rubbish, bricks... he reckons there would be much less fly—tipping if councils accepted this kind of industrial waste at the tip for free. but he also thinks there is a cultural problem. some peoplejust don't care, they really don't. theyjust lob it out and it's not their problem, is it? this is now your problem? yeah. to bristol. it's big urban areas that are worst affected. abbi thinks more regular bin
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collections would help. she's worried about the effects on children's health. the way they are dumping rubbish everywhere, it's not nice. yeah. hopefully one day it will stop. and people will start picking up the rubbish. councils want things speeded up, so persistent fly—tippers can be prosecuted more quickly. but the government says local authorities already have the powers they need. 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. this is sport today, live from the bbc sport centre. coming up on this programme: pressure mounts on ronald koeman as everton suffer another
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europa league defeat, but they did go down fighting, quite literally. can they do it again? the chicago cubs are taking on the los angeles dodgers in game five of baseball's national league series. and after months of speculation, he's staying put. two—time world champion, fernando alonso, signs a new deal with mclaren. pressure's mounting on ronald koeman after everton suffered another loss in the europa league on thursday, but they did go down fighting. quite literally, in fact, after a brawl broke out sparked by captain ashley williams pushing the lyon goalkeeper. at one point it seemed to involve everyone on the pitch. williams received a yellow card before scoring an equaliser minutes later, but it was short—lived after bertrand traore put lyon back on top, the game ending 2—1.

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