tv Asia Business Report BBC News March 30, 2018 1:30am-1:46am BST
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earlier this week. the americans have been given a week to leave the country and the us consulate in st petersburg is to be shutdown. one of the two russians whose poisoning sparked this diplomatic row is recovering in hospital. yulia skripal is now conscious and talking, after being poisoned with a nerve agent. and this video is trending on bbc.com. it shows a cheetah dropping in on a tourist on safari in tanzania. one of the big catsjumped onto the car's bonnet, while the other actually climbed into the back. the passenger, britton hayes from america, said everyone stayed calm. that's all from me for now. stay with bbc news. and the top story here in the uk: theresa may has toured the uk, promising to make brexit a success for everyone. she said leaving the eu would mean extra money for the nhs and schools.
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now on bbc news all the latest business news live from singapore. we first quarter of the leading here is. will the second quarter, from april untiljune, be as volatile as the first? we will get some answers. and farming is no longer confined to rural parts of the country. we look at india's modern approach in the urban areas. good morning, aged. hello, world. it isa good morning, aged. hello, world. it is a friday. glad you could join us for this edition of asia business report. i am for this edition of asia business report. iam rico for this edition of asia business report. i am rico hizon. for this edition of asia business report. iam rico hizon. it for this edition of asia business report. i am rico hizon. it is the end of the week and also the end of
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the first financial quarter. global stock markets have been volatile over the first three months of the year. we have had trade warfears, tech stock wipeouts, and viewers. volatility isn't necessarily a bad thing. i hope we do see more volatility in the market. ultimately, volatility is an opportunity for people, if you know what you're doing. if you know what you are buying volatility is a good thing. we don't want is a flat market. we have some kind of activity, which is not a bad thing. this volatility was basically created by fears of higher inflation, rising interest rates. we have already seen that from the fed, one rate hike. and you have had potential trade wars. there is a lot of noise in the market. we had this trade war. you are right about the
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trade war. you are right about the trade wars or the trade disputes going on. ultimately, what has happened at? not a lot. there has been a lot of talk about import ta riffs been a lot of talk about import tariffs coming into america on steel and aluminium. there were also a lot of exemptions. a lot of countries we re of exemptions. a lot of countries were exempt from this. really, the target is china. so what should we be watching out for this coming april? what we want to see is how the companies have been performing compared to this time last year. because earnings will always try the market. people sometimes get distracted. instead of looking at earnings they are listening to all this noise in the market. that is not very helpful. if we get a good quarter, if we get a good quarter's earnings, from january until march, if we get some good results, get some good profits from these companies, then it will be steady. will there be another rate hike from the us fed? and will asia central
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banks be more aggressive in terms of monetary policy if this happens? banks be more aggressive in terms of monetary policy if this happen57m terms monetary policy if this happens7m terms of the first—ever, absolutely certain we will get another rate hike. we will get free if not for this year. i think i federal reserve is very clear in its decision to normalise interest rates —— i think i federal reserve. we will get three oi’ i federal reserve. we will get three orfourin i federal reserve. we will get three orfour in 2018. we have i federal reserve. we will get three or four in 2018. we have to i federal reserve. we will get three orfour in 2018. we have to respond. there is no choice but to respond. 0therwise there is no choice but to respond. otherwise they will fight turmoil. some will be able to respond, some will hang on for a bit because they think inflation isn't a problem yet. what to look ahead for in the year 2018, the second quarter. let us ci’oss over 2018, the second quarter. let us cross over for a look at other business news making headlines. thank you. barclays has managed to negotiate a lower phone with us department ofjustice. the british bankers agree to pay about $2 billion to settle claims it was sold
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in the lead up to the financial crisis. us authorities claim ba rclays crisis. us authorities claim barclays caused millions of dollars in losses to investors. under armour has been hit by a cyber attack. it has been hit by a cyber attack. it has had around 150 million accounts linked to its mobile app, that was hacked earlier this year. the company said an unauthorised party stole data from the accounts, but it has taken steps to alert users very soon after finding out about the breach. it is a long weekend for many people looking to celebrate the easter weekend, but if you have a ticket to fly on air france you might want to doublecheck that booking. more than a quarter of their flights booking. more than a quarter of theirflights on booking. more than a quarter of their flights on good friday, today, had been cancelled by another strike. this is due to a long—running dispute over pay. strike. this is due to a long-running dispute over pay. all the top business and financial news headlines from the newsroom. urbanfarming is headlines from the newsroom. urban farming is catching on in india's big cities. with the market slated to grow rapidly over the next five years, many start—ups are
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trying to get a foothold. consumers are increasingly worried about the quality of the food they eat and are choosing to probe their own food at home. to round off our week—long series on india's farming sector, we talk to a business owner catering to the urban farming community. the whole idea was to encourage people to be less deep—set —— dependent on nature and work with nature rather than against it. we wa nt nature rather than against it. we want each and every individual to have access to fresh pesticide free food, within two kilometres radius. your food travels about 50— 100 kilometres before it reaches your food plate. that is increasing drastically because of the chemicals we are using. we are turning our existing land baron.
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—— barren. when people started going bad produce they saw how fresh it was. they could come and pluck it themselves. when they cooked it they saw how fresh it was. they realised it was different to what came from the market. nowadays you actually get mango throughout the season, which is actually not possible. you get them during the summer. they know what they are eating is not good and not good for their help. they are ready to ta ke good for their help. they are ready to take the extra step, go ahead and grow something of their own where
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they know what is inside it. it is really not about saving the planet. it is about saving ourselves. staying with india and the government has announced plans to sell their semi 6% controlling stake in the national carrier, air india -- 7696. in the national carrier, air india -- 76%. but in the national carrier, air india —— 76%. but who would want to? the carrier seemed to have hit the headlines for all the wrong reasons. it has relied on taxpayer funded bailouts to stay operational. rats we re bailouts to stay operational. rats were found on board. pilots asleep, panel stopping of an aircraft, and simmering dispute with style. some of the stories adding to the woes. from perth australia, ellis. ijust gave you a litany of mishaps that air india has gone through recently. as it really been that bad? there
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area number of as it really been that bad? there are a number of things, you could summon up are a number of things, you could summon up from a business perspective that air india is stuck in the past. it is a business model that a lot of countries have moved away from. a government owned carrier with a lot of inefficiencies. they have resorted to things like cannibalising parts from different aircraft to keep the fleet going and many of the things that have been reported out there. from a pure business perspective, it isa from a pure business perspective, it is a bit ofa from a pure business perspective, it is a bit of a dinosaur. but it is in one of the fastest growing markets in the world and has exclusive access to a lot of routes. that is the appeal of selling their stake. there is a pill for air india, but who would be interested to buy the sta ke who would be interested to buy the stake from the government? at this stage i would think it would be the other indian airlines. they have shown an interest, particularly indigo. i would shown an interest, particularly indigo. iwould imagine
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shown an interest, particularly indigo. i would imagine that we will see more come from that. they could be interest from the middle east and carriers, for whom india is quite a big market. if you break down in india, what would be the better assets of the airline? —— air india. what they have talked about is the international operations. routes to places like london, the united states, which a lot of the other indian airlines can't get a hold of. that is what they have expressed an interest in. the problem with that is that you are then taking on this big penis which has about $5 billion in debt —— behemoth. big penis which has about $5 billion in debt -- behemoth. do you think this debt will be absorbed by the new investor, be it local or international? the documents seem to indicate that the investor should ta ke indicate that the investor should take on about half that debt. it is
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not as much is taking on the pulled out. how they deal with that, what leeway is given, will they be able to get low interest rates? that remains to be seen. we will have to leave it there. thank you so much are joining leave it there. thank you so much arejoining us leave it there. thank you so much are joining us right leave it there. thank you so much arejoining us right here on asia business report. happy easter to you. let us have a brief look at the asian markets before we go. because of the positive close on wall street overnight, the dow and the nasdaq finished in positive territory. the nikkei is up by 4% in early trade. thank you so much or investing your time with us. i yemm rico hizon. —— iam. the top stories this hour: moscow says it is expelling 60 american diplomats in retaliation, after the us ordered a similar number of russians to leave in the row over the poisoning of a former spy. donald trump has suggested he may delay the trade agreement the us agreed with south korea until a deal is struck
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with north korea over denuclearisation. as police investigations continue in shropshire, after reports that up to a thousand girls may have been abused over the past four decades — a woman has told the bbc that her teenage son was being groomed there until very recently. 0ur midlands correspondent sima kotecha reports. it is an image that telford doesn't want — a town where child abuse is common. but it is not clear how true this is. recent newspaper reports claimed hundreds of girls could have been abused here over the last four decades. a woman who doesn't want to be identified told the bbc her teenage son was being groomed in the town up until six months ago. they were giving him money, taking advantage of him, getting him drunk, giving him drugs, just really taking advantage of him, and they were using him for sex. there's no way anyone can say
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grooming isn't happening today, because i know it is. my own son has been going through it, and there are other people i know who are still going through it. in 2013, seven men were jailed after police launched an investigation into child prostitution. some of those living here said it was clear something very disturbing was going on. we began to see guys driving up and parking in the car park with their car doors open, you know, nice cars, music blaring, not going into anywhere or doing anything, but just sort of sat there in the car park. and then, as the girls were walking around the area, they would approach the girls, talk to them, ask them did they want to go to a party? it felt predatory, like there was a purpose or intent there, which felt threatening. west mercia police have said a small number of victims have come forward since the new allegations have come to light. telford has been at the centre of a media storm in recent weeks. the questions being asked now are, is child sexual exploitation worse
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here than in other parts of the country? and if so, why has it taken this long to bring that into the spotlight? the council and its partners encourage anyone having experience of child sexual exploitation... tonight at a meeting, the local council said it was not in denial, and that it would put more resources into helping victims. the independent inquiry into child sexual abuse will be coming to telford in may to speak to those affected, and now all eyes will be on what happens then. sima kotecha, bbc news, telford. many more details on that story on our website. iam i am tulsen tollet and this is sport
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today. coming up. an emotional steve smith faces the world's media while australian cricket coach darren lehmann quits. sloane stephens is through to the final after a victory over victoria azarenka. and talk about starting a new baseball season in style. first pitch and a home run. welcome to the programme where we start with the cricketing news that just continues to we start with the cricketing news thatjust continues to evolve every day. after three australian players including steve smith was sent home for ball tampering, coach darren lehmann announced he would be standing down. smith gave an emotional press conference after landing in sydney and just warn you, there is
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