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tv   Asia Business Report  BBC News  January 4, 2018 1:30am-1:46am GMT

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w story. .. —— our top story. donald trump has attacked his former chief strategist, steve bannon, after mr bannon was quoted in a book as saying mr trump's son and son—in—law had held a treasonous meeting with a group of russians. the president said mr bannon had lost his mind after being sacked from his white house post and had leaked false information to make himself seem more important. north korea has placed a call with south korea, reopening a hotline which was closed almost two years ago on the orders of the north's leader, kim jong—un. and this video is trending on bbc.com — this very disgruntled ryanair passenger was arrested after leaving his plane through the emergency exit. he was angry following a number of delays at take off and landing. that's all from me for now. stay with bbc news. and the top story here in the uk: here, the health secretary has apologised, after nhs england postpones tens—of—thousands of non—urgent treatments, until february, after a surge in admissions. labour say this meant that the nhs was in crisis.
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now on bbc news, all the latest business news live from singapore. working on a fix. intel tackles a serious the design flaw in its chips that could impact the security of operating systems worldwide. streaming its way to you, what if i's goalfor 2018. streaming its way to you, what if i's goal for 2018. —— streaming its way to you, what if i's goalfor 2018. —— spotify‘s goal. glad you could join us for this thursday edition of asia business report. we start off with technology and its use in every
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modern computing device that you and i used. i am talking about these microchips from intel. advanced microchips from intel. advanced microchip devices. it has been reported that there is a serious flaw which could let hackers steal data unless you update the operating systems for your computer ‘s. i'm joined now by my colleague. what is the problem? when you read that news it is quite worrying. i called on behalf of you to find out exactly what is wrong and to find out they don't know which chip is affected and what device. it has been revealed that intel knew about this a while ago and they were going to... they have been working on a fix and would announce it next week along with other industry years. they insist it is notjust intel but others as well. they have been
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working on a fix and they say it is not a design flaw did it all it ta kes not a design flaw did it all it takes is a system update. there have been reports that the update may slow your computer down and intel denies that. there has been a pr nightmare, regardless of what the details are, the advice from experts is that as soon as the update is released next week, update all your computers so you are not vulnerable. 0h, computers so you are not vulnerable. oh, my goodness. so many people affected. staying with the us and music streaming company spotify appears to be finally listing its shares on the york stock exchange —— new york stock exchange. spot fires the world's biggest music streaming company ahead of rivals like amazon and apple. four months there have
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been rumours about its aspirations to go public. founded in sweden, the firm has over 140 million active users but it has continued to report losses. the road ahead for the music streaming service seems a little clearer. although spotify has declined to comment, reports suggest it wishes to start trading on the first three months of this year. spotify is taking an unusual route, selling shares directly to market rather than using an investment bank to underwrite the shares. that could mean choppy beginnings for the company as it may take a while for spotify to find its value. the timing is unfortunate as spotify has been slapped with a $1.6 billion lawsuit for infringing on some legal rights. the british international trade secretary, on a visit to hong
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kong has confirmed that china, the second largest economy in the world, is likely to be one of the early candidates with which the uk can strike a new free trade deal after brexit. he said the us, new zealand and australia remain at the top of the list for the uk. were about the likelihood of the uk part of the tpp we don't yet know what the success of the tpp will look like. it is not even been negotiated yet. clearly the uk would be foolish to rule anything out at the present time, not knowing what the future pattern of global trade will look like when we leave the european union and when we leave the european union and when we finish our transitional period. let's keep our options open, that is safe. the uk and the tpp... could trade partner should be on the cards? it could be the next best
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option. if you can manage it, the uk has a problem. it is giving up the biggest trading area in the world and does not have anything else. would this be the next best trading partner? if they could get in the door this would be the next option. the problem is that the tpp is not signed and it would take probably five years, even if the 11 members wa nted five years, even if the 11 members wanted to have britain, it would ta ke wanted to have britain, it would take a long time with a lot of barriers. theoretically, if the uk becomes part of the tpp there is a potential upside because according to the numbers, all the 11 tpp countries combined account for less than 8% of the uk's export market with japan accounting forjust than 8% of the uk's export market with japan accounting for just 1.6%. there is no huge upside for britain. it is much smaller than the european free trade area but it may not be a bad idea. the idea is that the tpp would get bigger. career, colombia,
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they want america back as well. after this agreement is signed with the 11 members it is meant to grow. it is not a long shot for britain but it is not entirely ridiculous that it may work. if you are hoping for a big pay rise you may be in luck. consulting company mercer thinks salaries for much of asia will rise this year and many of the gains may come from the most unexpected places. india, thailand, philippines, indonesia, these are the countries where we see a maximum percentage of companies looking at increasing headcount. 0n the other hand we have mature economies of singapore, hong kong, japan, korea where the majority of the companies are looking at replacing turnover rates. in terms of industries outsourcing industries and information technology enabled services are leading the pack,
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followed by high—tech. and we have retail and real estate sectors where we are looking at a lot more hiring being done, especially around the boost in infrastructure we see. so ifi boost in infrastructure we see. so if i wanted a big rise in my salary, we should i move to? for 2018, countries with the highest forecast for salary increases are, surprisingly, bangladesh. myanmar and india. all three of them are forecast 10% salary increases. and many have sri lanka at about 9%. it depends on how adventurous you would like to be but i think those are the top three in terms of salary increase forecast is. continuing our feature on driverless cars. yesterday we showed our driver enjoying a 3—d movie inside one. today will show you how car
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manufacturers are taking some control away from the driver to improve control away from the driver to im prove safe control away from the driver to improve safe the. research into collision avoidance systems are being done. we check them out. proper driverless cars will not be on the market for a few years yet there are already automated systems which are there to improve safety and are fitted to cars you can purchase today. to find out a little more, we borrowed this car, a state—of—the—art production vehicle and a crash test dummy. what we will do is turn right into the path of a carcoming do is turn right into the path of a car coming towards us. normally that would cause a serious accident but let's see what happens. 0oh! that is
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quite violent. but we did not hit the car coming quite violent. but we did not hit the carcoming in quite violent. but we did not hit the car coming in the opposite direction. it is easy to see how that improve safety. there is another system now to try and this timei another system now to try and this time i will do the driving. what we are going to do now is try out an automatic braking system. that involves trying to drive into the back of a car in front. not happy about it but let's try. i want to put the brakes on but i will not. 0oh the car gave me an audible warning and showed me a lashing light and in the brakes came
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on, the seatbelt tensioned and it brought us to a controlled halt. take care out there. a quick look 110w take care out there. a quick look now at the markets and asia is continuing its new year games. the all 0rdinaries continuing its new year games. the all0rdinaries up by continuing its new year games. the all 0rdinaries up by 4.6 points and in japanese market all 0rdinaries up by 4.6 points and injapanese market is currently at all 0rdinaries up by 4.6 points and in japanese market is currently at a three decade high. the broader benchmark is at a level not seen since 1991. this is after wall street finished again at a record high overnight. thank you for investing with us. sport today is coming up next. the top stories this hour. donald trump accuses his former chief strategist of losing his mind after steve bannon reportedly accused mr trump's son, and son—in—law, of treasonous behaviour. the health secretary has apologised, after nhs england postpones tens of thousands of non—urgent treatments, until february, after a surge in admissions.
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storm eleanor has swept across the uk, causing flooding, power cuts and damage to homes. from cornwall, jon kay has this report. breached — nervous moments in portreath tonight. part of the old harbour wall had collapsed, letting the atlantic seep through at high tide. quite a gap, isn't it? it is an awful gap. sandra's house is right next to the giant hole that's been left in the sea defences. what are your thoughts? scared! yeah, wejust had all new carpets put in, so you know, it's... yeah, yeah, it's going to be a frightening night, i think. it was the early hours of this morning when storm eleanor smashed away the 20m section. cornwall‘s coastal communities are used to fierce weather,
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but portreath now feels especially vulnerable. they weren't the only ones. this was galway in the irish republic. high spring tides added force to the storm — a potentially deadly mix. in northern ireland, gusts reached 90 miles per hour, leaving 25,000 homes without electricity. we have to bring in crews to cut the trees, we have to bring in digging crews to pull out the poles and to replace poles and to re—string lines. all of this takes time and effort, essentially to restore small numbers of customers at a time. back in cornwall tonight, the collapsed sea wall has become a tourist attraction. just take a step back, please. much to the alarm of the authorities. we've just got to move them back to a safe distance so that they don't get
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their feet swept away from them, cos the sea is a powerful thing, it's a silent killer, it'll have you quick as a lick. absolutely crazy, it looks like a very, very angry sea, and it's got a lot of things to answer to. i think it's amazing, i absolutely love it, but it's so unpredictable, it's quite scary. in the end, tonight's tide was slightly lower than feared, and no properties were damaged, but there are already more warnings in place for tomorrow. jon kay, bbc news, portreath in cornwall. see you tomorrow. hello, this is sport today, live from the bbc sport centre. coming up on this programme: hector bellerin strikes in stoppage time to hand arsenal a 2—2 draw at home to champions chelsea in a cracking game.
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the fifth and final ashes test between australia and england has been delayed by rain in sydney and japan's kei nishikori withdraws from the australian open due to an ongoing wrist injury hello and welcome to the programme where we start with the english premier league and the news that hector bellerin struck in the second minute of stoppage time to hand arsenal a 2—2 draw at home to champions chelsea in what was an enthralling match. watching in north london was the bbc'sjohn murray. have to get your breath back after that. all the goals coming in the second half. could easily have gone 2- nil second half. could easily have gone 2— nil but the penalty was scored. alonso stealing in.

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