tv Asia Business Report BBC News March 22, 2018 1:30am-1:46am GMT
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our top story: the founder of facebook has admitted the giant social network made mistakes over the cambridge analytica data scandal. it follows allegations that millions of users‘ private information was misused by the political consultancy firm. mark zuckerberg also pledged a series of changes, making it harder for apps to harvest user information. police in texas have named the suspect they say carried out a spate of deadly parcel bombs as mark anthony conditt. he was killed after detonating an explosive device as officers pursued him. and this is trending on bbc.com. lawmakers in kosovo had to be evacuated from parliament after opposition politicians threw tear gas. it's not even the first time they've used tear gas in parliament to stop a vote. that's certainly got people talking. that's all from me for now. stay with bbc news. and the top story here in the uk: more than a million nhs staff in england are being offered pay increases of at least 6.5% over three years. the deal, if approved, would cost the treasury more
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than £4 billion. now on bbc news, all the latest business news live from singapore. mark zuckerberg breaks his silence. he says facebook made mistakes over the handling of users‘ data, and he‘s reportedly open to testifying in front of us congress. no surprises from america‘s central bank, new chairjerome tel delivers its first spike of this year and he has signalled there may be a few more to come. good morning, welcome to asia business report, live from singapore with me, mariko oi. we‘ve all been waiting to hear from the boss of facebook and finally we have. mark zuckerberg admitted that
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the company made mistakes over how its users‘ data was handled. of course, earlier this week, as we reported, it was revealed private information of facebook users, some 50 million of us, was misused by political consultancy firm cambridge analytica. in a statement mr zuckerberg said: i started facebook. .. that was the statement he posted on his personal facebook page and he‘s giving an interview with cnn, in which he apologised for the breach of trust. he said facebook should not have trusted the data firm at the centre of this row, cambridge analytica, when it said it would delete facebook data it held, and mr zuckerberg has been under mounting
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pressure from politicians around the world to testify how it happened and he said in an interview he is open to testifying in front of the us congress. that british firm is under mounting pressure to provide answers as well. the british prime minister theresa may told parliament she had backed an investigation into the company. what we have seen in cambridge analytica are the allegations that are analytica are the allegations that a re clearly analytica are the allegations that are clearly very concerning, it‘s absolutely right that they should be properly investigated, it is right the information commissioner is doing exactly that because people need to have confidence in how their personal data is being used and i would expect cambridge analytica, facebook and organisations involved to comply fully with the investigation taking place. it's investigation taking place. it‘s not just investigation taking place. it‘s notjust the us and europe that‘s reacting to this data crisis, india has taken down the local website of cambridge analytica following the allegations the
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company misused personal data. let‘s bring in our india business report from mumbai. samir, tell us the details of this indian subsidiary of cambridge analytica? well, cambridge analytica has a tie—up with a local company called slc, which claims on its website it has partnered with cambridge analytica and they have been working together over the last few years. it also listed a few election campaigns it was part of, which includes the party of the current government in power, and the main opposition party, the congress. in fact, on tuesday we saw both parties alleging that both parties had used the services of this particular company during the elections in 2010, 2014 and subsequently another state election. yes, but what‘s happened
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interestingly is the website was taken down interestingly is the website was ta ken down last interestingly is the website was taken down last night and now that page is not available. clearly this has become a hot issue. we also saw. . . has become a hot issue. we also saw... a hot political issue... we saw... a hot political issue... we saw the it commission of india coming out yesterday with a press conference, warning facebook if there‘s any data breach in india during the upcoming elections they will take strict action. india is 110w will take strict action. india is now the largest market for facebook with the largest number of users and facebook has become a very essential pa rt facebook has become a very essential part when it comes to social media. samir, in mumbai, thanks for the update, very interesting how globally cambridge analytica has reached. today was decision day for this man, the new chair of the us federal reserve, which of course is the world‘s most important central bank and he delivered what was widely expected. jerome powell announced his first interest rate rise, an increase of 0.24% to 1.75% from
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1.596. increase of 0.24% to 1.75% from 1.5%. let's increase of 0.24% to 1.75% from 1.5%. let‘s look at the market reaction. wall street shares have ended the day slightly lower after a volatile session. asia has opened today, japan has reopened after a public holiday, we are seeing some rise there. in the currency markets, we‘re seeing the dollar seeing the biggest one—day loss in two months against a basket of currencies. when announcing the hike, the new fed chair sounded very optimistic about the state of the us economy. indeed the economic outlook has strengthened in recent months, several factors are supporting the outlook, fiscal policy has become more stimulative, ongoing job gains are boosting incomes and confidence. foreign growth is on a good trajectory and overall financial conditions remain accommodative. as our business reporter in washington explained, the members don‘t all share the optimism.
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the thread seemed quite divided about how well the us economy is doing. —— said. everyone looks at the things called the dot chart, sorry to use the jargon, it gives you a sense of what the committee are thinking about the us economy and rate increases in the future. eight thought there should be three rate increases this year, seven thought there should be four. it is a mixed bag about what the fed will do in the coming months. either way the us economic situation has been improving, which suggests the fed has legal room dashwood ballroom in terms of the timing of the interest rate increases —— wiggle room. donald trump has announced further ta riffs donald trump has announced further tariffs on china and import tariffs on steel and aluminium have been making headlines, did he say anything about the administration‘s trade policy? it was quite interesting. 0bviously i was sitting in the press conference and every reporter once the fed chair to say something,
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anything newsworthy, it was interesting mr powell was quite sitting, he said the fed doesn‘t do trade policy. many members of the federal reserve board, we‘re hearing from members of the business community, that they were worried about a trade war and that has made the fed reconsider the possibility these tariffs might have some sort of impact on the us economy. so far they haven‘t changed their outlook for us economic growth. we will bring you all the latest ones donald trump announces further ta riffs ones donald trump announces further tariffs against china. what part of your work day do you dread the most? i‘m pretty sure the a nswer dread the most? i‘m pretty sure the answer would be meetings for many of us, and in the modern office, often we are trying to collaborate with people who are not even in the same room. what are the new—age solutions to get over that problem? as part of oui’ to get over that problem? as part of our future of work series, yogita limaye reports from new york.
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meetings are hard whoever you are. they can be boring and sometimes go on for too long. but the they are necessary too. they were the most important decisions are taken. in an office like ours the meetings are pretty easy because we all sit across from each other, but some estimates suggest 45 and 50% of the american workforce could be revoked by2020 american workforce could be revoked by 2020 —— 45 and american workforce could be revoked by 2020 -- 45 and 50%. american workforce could be revoked by 2020 —— 45 and 50%. so what good meetings of the future look like? some companies are turning to robots. this is a segway like device with an ipad as a face. double robotics, silicon valley start—up, says they have sold these two 4000 customers. but could this be made to feel even more real? i look silly
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nodding and finnair but this is how hologram technology works, it makes you feel like you‘re in the same place as someone you feel like you‘re in the same place as someone who isn‘t there. —— at thin air. it is hard to set up and is still in its early days. 0ur and is still in its early days. our clients are lots of corporate fortune 500 clients using it for and we are trying to build in the conference rooms for telprescence. but for now most small companies are using different forms of video conferencing to meet their needs. this firm‘s pounder says the ability to have remote workers is critical to have remote workers is critical to their growth. if you're not able to their growth. if you're not able to say, hey, you can‘t move to a new location or grow a new business in a different geography we wouldn‘t be able to hire the right people we need to hire to grow the business. while technology that allows people to be face to face is key, what‘s most important is that work gets done and so companies like this one are also on the lookout for
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innovation that makes meetings more efficient. yogita limaye, bbc news, new york. before we go i wanted to mention about the china‘s —— china‘s facebook, we were monitoring their share prices, facebook has been having problems with share prices but ten saying prices are doing well in hong kong. —— ten saying. thanks for watching asia business report. the top stories this hour: facebook has admitted making mistakes and breaching trust with its users over a data—harvesting scandal. the suspect in a series of deadly parcel bombs blows himself up as texas police close in on his vehicle. the pilot of the jet that crashed at the shoreham air show in 2015 is to be charged with the manslaughter by gross negligence
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of the 11 people who died on the ground. andrew hill is also accused of endangering an aircraft and is due to appear before magistrates next month. duncan kennedy reports. a vintage jet taking part in an air display crashed next to the a27 in shoreham. 11 men on the ground were killed. at least 11 other people were injured. tonight, the families of those who died came to sussex police headquarters to meet the crown prosecution service. they were told that andy hill, the pilot, would now be prosecuted. i have found there is sufficient evidence to charge mr hill with manslaughter by gross negligence of the 11 men who died. i have also authorised a further charge against mr hill of endangering an aircraft contrary to article 137 of the air navigation order 2009. lawyers for the families involved say the decision by the cps
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to prosecute comes after nearly three years of grief and loss. the decision by the crown prosecution service is very much welcomed and the families now hope that this criminal procedure and process can progress as swiftly as possible. this memorial to the 11 men who died has been placed on this bridge near the crash site. tonight, the crown prosecution service said that andy hill, the pilot, would be charged and appear in court in due course. the inquest into the men‘s deaths is now likely to be postponed until after any court case. duncan kennedy, bbc news, in sussex. tributes have been paid to the red arrows engineer who died in a crash on anglesey on tuesday. corporaljonathan bayliss‘s colleagues described him as a generous, kind and caring man who could always be relied upon. the pilot of the aircraft, flight lieutenant david stark,
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was injured in the accident. fashion retailer new look is to close sixty stores across the uk, with the loss of 1,000 jobs. it‘s part of a plan to reduce rental costs for the fashion chain, and refocus the brand on new look‘s core younger shoppers. the shops will closures will take place over the next 12 months. the tv presenter ant mcpartlin, who was charged with drink—driving, will appear at wimbledon magistrates‘ court next month. he was arrested after an accident involving three vehicles in london on sunday. itv had already announced that his co—presenter, declan donnelly, seen here on the right, will host saturday night takeaway without him when the show returns in ten days. the winners of this year‘s sony world photography awards 0pen competition have been revealed, with the british photographer nick dolding voted the best in the portraiture category for this image of actor emile clarke. all the category winners will now compete for the open photographer of the year award, which will be announced on the 19 april. time now for all the sports
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news in sport today. hello and welcome to the programme. this is sport today. but the shock defeat for serena williams. a combination of heavy rain saves the west indies. and behind the scenes at barcelona is their women‘s tame aim for a champions league upset. we start with a tennis news that serena williams has been knocked down in the opening round of the miami open. the 23— time grand slam
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