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tv   Asia Business Report  BBC News  April 9, 2018 1:30am-1:46am BST

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the un security council will meet in emergency session later to discuss the apparent chemical attack in syria. scores of civilians are reported to have been killed. president trump has warned the syrian government that it would have a big price to pay for the atrocity. hungary's eurosceptic prime minister viktor orban has won sunday's parliamentary election. his fidesz party has won nearly 50% of the votes counted so far. and this video is trending on bbc.com. several hundred foreign amateurs have competed in the pyongyang marathon, but turnout was half that of last year. the annual race is part of celebrations marking north korean founder kim il—sung's birth in 1912. there were a29 foreigners competing on sunday, compared to more than 1,000 who raced last year. and the top story here in the uk: the home secretary amber rudd, has rejected claims that the rise in violent crime in london,
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is linked to police cuts. the government is preparing to outline a new strategy to tackle the problem. labour says ministers have their heads in the sand. now on bbc news, all the latest business news live from singapore. china's president is expected to promote economic openness in his keynote speech even as the trump administration warns about more tariffs. and taiwanese start-ups are finding in awaited new ways to turn the island's image from a garbage filled area into a recycling haven. welcome to asia business report. it's a brand—new week and us china relations will continue to be the
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focal point for the markets this week. the boa0 forum begins today on the resort island of hainan. xi jinping will deliver the keynote investment —— address and investors will be watching to any escalating trade tensions with america and how ha rd trade tensions with america and how hard china may push back. the technology sector remains under scrutiny because on tuesday and wednesday, facebook chief mark zuckerberg will testify in front of congress about the cambridge analytica date to misuse scandal. and china releases its data on friday. —— darter. global markets strategist and anderson says xi jinping will focus on the reform initiatives is already taken. this is coming on the 40th anniversary of the initialforum is coming on the 40th anniversary of the initial forum opening is coming on the 40th anniversary of the initialforum opening and you can hear policy changes made over the last year re—emphasised the
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global audience especially in light with continued escalation in rhetoric between china and the us. i think you are going to seek president xijinping think you are going to seek president xi jinping forcibly defend the moves china has already made and highlight reforms in the pipeline. as you say, that trade tariff dispute with the us, that is likely to form the background of the boa0 forum forum, presumably. china is looking to take new measures to the table. what you think they might be and are they trying to appease the americans? that is not the whole story. we've seen encouraging signs to set up the financial system and in china internally for the long run, promoting stability and dealing
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with some of the underlying structural issues that have been fermenting. i do think you are going to see china highlight some of the opening reforms that they hope may mollify the us highlighted at the forum. you hurt me mentioning facebook earlier with mark zuckerberg's testimony this week. —— you heard me. it has suspended another darter firm from its site. we are watching more developments from the cambridge analytica scandal. 0ur from the cambridge analytica scandal. our business reporter has more, welcome, leisha santorelli. non— academic research purposes to help marketing companies find
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customers. what cubeyou did is similarto customers. what cubeyou did is similar to what cambridge and the liquor did. they used an app in 2014 to collect user data we have seen the fallout of that. this is what they said. this new apps they are talking about, it was developed in collaboration with the university of cambridge and have yet to comment. essentially, it is a one click personality quiz where it takes all the different likes you take —— you have on facebook. facebook said they are going to do a thorough audit of all the apps on their platform to see if there was any other misuse
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and it's fair to say given the number of apps on their platform, they might find other problematic ones. and the heat is not letting up ones. and the heat is not letting up on mark zuckerberg. south korea's disgraced former president park gyeun—he faces years in prison. she was found guilty of bribery, abuse of power, coercion and leaking state secrets. she has denied most of the charges and can appeal to a higher court. it exposed a web of corruption involving south korea's top conglomerates. korean expert john hume city started to see incremental changes when it comes to reform. most presidents, when they leave our terms, they have sort of —— they have some sort of issue with
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the law. this is not new. if you recall, president park entered office putting two former chiefs in jail. it is not to say she hasn't tried to have some reform at the beginning of the term. it was quite revolutionary. but these jail terms don't seem to last for a lot of these leaders, these big business groups because we saw the chief of samsung walking free. reaffirming a pattern that south korea has 40 yea rs pattern that south korea has 40 years to break. what will it take? in most countries, there can be a healthy relationship between business and government. whether policies are relevant because of the experience that officials might have. but that relationship runs very deep in korea where there is systemic corruption and i think it's going to take notjust leadership
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from the government officials but much more of a wave of support on the ground from people. it's really politics more than anything else. the chiefs themselves are not going to be the catalyst for this sort of change. we are starting to see it. there is more and more demand from the populace. it's going to be incremental and it would be overnight. not many people recall that taiwan used to be known as garbage island because the streets ove rflowed garbage island because the streets overflowed with trash and other rubbish. but the island has transformed into one of the world's best recyclers and at the forefront of this movement are companies and businesses like taiwan's recycling wizards. capitalism has been pushing
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something —— pushing us to buy something —— pushing us to buy something that is easier, faster, more disposable, more convenient. i just think it's very wasteful that we never consider how much clap is out there and we are consuming a lot so this disposable culture has created a lot of trash. all that trash must go somewhere. asa as a society, we have always recycled, 0k? as a society, we have always recycled, ok? we always try to make goods as durable as possible to use as long as possible and even our views, we transform that into something new. 0ur grandparents does it and we are just not doing it. 0nly it and we are just not doing it. only in the last 80 years have we forgot about the circular economy. we need to take that it —— convenience and take that material and turn it into something new again. it cannot look like trash, 0k? it
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has to add value to their existing systems so you have to come up with the technology to make sure this trash can turn into something that people want, something people are co mforta ble people want, something people are comfortable with. in other business news, the chief of
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saudi arabia's stock exchange expects an influx of foreign funds than the national oil firm to go public. saudi aramco is expected to be the world's biggest public offering. aramco may list on one or two foreign markets. that is it though this edition of asia's business report. —— asia business report. the top stories to sour. western leaders have expressed outrage to suspected chemical attack in syria. the united nations security council will meet in an emergency session later today. hungry‘s white wing ——
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right—wing nationalist viktor 0rban has declared victory. stars of the british theatre have been on the red carpet at the prestigious 0livier awards. red carpet at the prestigious 0livierawards. hamilton, red carpet at the prestigious 0livier awards. hamilton, the us musical, was the big winner. for one night only, theatreland's finest are not treading the boards, they're walking a wet red carpet. the 2018 0livier awards. the 0liviers, of course, are all about celebrating british theatre, which has had a good year. ticket sales are up, box office is better, but actually, in reality, what everybody really is talking about is an american blockbuster, the musical, hamilton. # see if you can spy another immigrant coming... the rap musical about america's founding fathers had a record—breaking 13 nominations, and it did all right on the night, winning seven 0liviers, including best choreographer, best new musical, and best actor in a musical. # i'm the damn fool that shot him. people talk about will
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the british audiences take all the american politics, the american history? i think what lin—manuel did so brilliantly was he made it about people. he made it about humans and their relationships with each other, and that will work anywhere, i think. jez butterworth's play, the ferryman, which is set in rural northern ireland during the troubles, won in three major categories — best new play, best director for sam mendez, and best actress. laura donnelly for the ferryman. immediate reaction? um, i'm in shock. i did not expect that. a story about 1981 northern ireland is not going to necessarily touch everybody‘s soul. but stories about love and loss will. best actor went to bryan cranston for his performance as a news anchorman having a nervous breakdown in network at the national theatre. oh, it's very difficult to be mad as hell when you are holding an 0livier. tonight i would like to dedicate this award to the company of network actors and crew who i'm giving
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a huge hug to tonight, and mabe sometime tomorrow, we'll let go. cranston and hamilton weren't the only american winners. roughly half the awards, if you look at them, are work of american origin. that's very nice in some ways, but we always say about the brits conquering broadway, we don't talk about the americans conquering out theatre and i think that's starting to happen. not if james graham is anything to do with it. the prolific british playwright is enjoying a purple patch, acknowledged by the best new comedy 0livier. for labour of love expect to see more of him and his work in the future. sport today from the bbc sports centre. coming up, patrick reed
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claims are the masters and a first—ever major title. chelsea lose ground in the race for the top four. a frustrating day for them against west ham. sebastien vessel keeps up his winning start to the formula 1 season, —— vettel. welcome to the programme. a lot to get through that lets begin with golf. patrick reed has won the masters by one shot at augusta national. the first major title for the 27—year—old american who began with a three stroke lead. he held off a late challenge. rory mcilroy was hoping

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