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tv   Asia Business Report  BBC News  April 11, 2018 1:30am-1:46am BST

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our top story: mark zuckerberg has apologised to a us senate committee for allowing firms to misuse personal data gathered by facebook. he said that facebook did not take a broad enough view of its responsibility and that it was his personal mistake. his testimony was well received by the markets and facebook shares closed the day 4.5% up. the likelihood of military action against president assad by the united states, britain and france has increased after russia blocked a un vote on an investigation into a suspected chemical attack in syria. yulia skripal — the daughter of a former russian spy — has left hospital five weeks after she was poisoned by a nerve agent. it's understood she's been moved to a secure location. her father is still receiving treatment. that's all from me for now. stay with bbc news. and the top story here in the uk: the former us president, bill clinton, has said politicians in northern ireland should make the most of the gift of peace. he was speaking at a ceremony
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in belfast to mark the twentieth anniversary of the good friday deal. now on bbc news, all the latest business news live from singapore. facebook founder mark as a get many lights in his first us appearance above —— in front of lawmakers. and iceland bands palm oil in its own branded products. welcome to asia business report. in his testimony on capitol hill, facebook founder mark zuckerberg said the company didn't do enough to prevent the platform from being used for harm. in the case of personal
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data myths used by cambridge analytic, he said 87 millimetres we re analytic, he said 87 millimetres were potentially affected and up to 126 million people were possibly exposed to russian propaganda. it is no wonder that us lawmakers pushed him to ask in what he's doing rubenesque. there are people in russia whose job it is to exploit oui’ russia whose job it is to exploit our system. this is an arms race. they are going to get better and we need to invest on getting better at this too. interestingly, facebook shares have surged, adding the most gains to the s&p 500, raising about 4.5% after it he started his testimony. it was the biggest one—day percentage gain for the stock in nearly two years. i asked howard earlier if investors were pleased with how he handled the hearing. in many ways, the stock
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price of the company really reflects the underlying health, at least what investors believe in. right now, the surge in the stock price is that investors mostly helping the underlying business model stay intact. what will be interesting to keep an eye on, it is the marketing mixa big keep an eye on, it is the marketing mix a big brand advertisers, whether they would reconsider the mix or the usage versus more traditional media as well. that will be the next indicator. i am sure investors will be keeping an eye on it. you say this is the next indicator, but how big a shift is that? how they make money is advertising. the biggest revenue stream money is advertising. the biggest revenue stream is money is advertising. the biggest revenue stream is essentially this brand advertising. whether they will continue to spend as much money on the facebook platform or will switch elsewhere. i merrily because of the facelock scandal, it really exposed the corresponding risk and you go
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and advertise on facebook platforms is not generating a lot of conversion of sales, but there is corresponding risk as well and that is highlighting perhaps one of the key discussions amongst the big green companies. “— key discussions amongst the big green companies. —— egg brand. facebook isn't the only media company taking a stand against the russians. reddit says it has suspended 1000 accounts linked to the research agency. they say that over 3000 posts were made on a pro— donald trump h. it was a strong supporter of the new york businessmen when he was running for president. nestle is the latest food giant to make a commitment to use all recyclable packaging. it says its main focus is on removing plastic waste and eliminating the conflicts, nations of packaging
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materials by 202025. —— 2025. environmental researchers say it lacks any substance. uk supermarket iceland says it will stop using palm oil in its own product at the end of the years. at now —— writenow it is used in 50% of its products. but the effect is dedicate —— devastating tropical rainforest. i asked how much of an impact it would have. with regards to the volume of palm oil in itself, it is being used, the volume is not that much. but the move to ban palm oil sends a signal to other retailers and other giants within the uk and europe to perhaps follow the same route to ban palm oil and that could be a problem because it sends down the signal within the supply chain to other
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retailers, manufacturers and the producers themselves, who might find it confusing because they are switching to sustainable palm oil. now people are planning to ban palm oil it's all. -- itself. at the same time, it is probably a better product to use than many others out there in terms of alternatives. why would that be? in terms of productivity, it is about four times higher than the other vegetable oils, like grapeseed oil and canola oil. if you were to use palm oil for vegetable production, the amount required is much smaller compared to using other alternatives. that is really a good thing in terms of the efficiency of the crop. now, we all know what flying feels like a. but what about the cabin of tomorrow? ——
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today. after years without much improvement, our in—flight experience now looks set for something of an upgrade of the error and takes a look at how cruising at 35,000 feet is likely to change. the future of air travel may be closer than you think. i am at the world ‘s biggest aircraft interior show and here is a few things that you might find ona here is a few things that you might find on a flight not too many years from now. minimalism is the watchword of design and stepping on board will soon look like this. while staying connected will be the norm. if you have the funds, here is the world ‘s first fully family friendly business class suite. and while opening a window is of course not an option, how about this? bringing the outdoors indoors using lighting to create the ambience. daytime, let's try night—time. not
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good enough? how about leaving the plane, but not actually leaving the plane? yeah, i am plane, but not actually leaving the plane? yeah, iam on plane, but not actually leaving the plane? yeah, i am on the beach. virtual reality headsets are expected to play a big part in our future flying. believe it or not, right now i am breeding in special air that next up —— that makes our in—flight experience a bit more calm and relaxing. and what about the crew? in a few years time your friendly stu whittingham be replaced either sky. bringing you that hot towel before takeoff. thanked you. —— steward. the one thing that won't change is the need for some sleep. now, go away. leave me alone. i have a big day tomorrow. 0bviously having
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so a big day tomorrow. 0bviously having so much fun, he is lending with a rest. the man at the helm of the world ‘s largest hotel chain says it isa world ‘s largest hotel chain says it is a golden age of travel and that his business is benefiting from growth in the asia—pacific region, especially china. the marriott international is expanding its operations across asia and the back of increased demand from the emerging middle class. we caught up with the ceo and president in mumbai. india is a growing market thatis mumbai. india is a growing market that is still relatively small. when you look across the globe, what we see is about 10% of gdp on average is travel related. in india, it is only 6%. that gives you a quick snap of how much growth potential there is for india, almost doubling in size compared to what is there today to get to the average penetration as the rest of the world. what are your predictions for china? they are
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performing well in terms of existing and gross. we have about 300 hotels in china and another 300 in our pipeline. a couple of things happening. we see great economic growth, like india. that drives the man to. the chinese government is pushing towards more consumption and a little bit away from the infrastructure and manufacturing sectors of the economy, obviously we are in the consumption space as well. when chinese take vacations within china or take vacations, that is it for us. aianb's growth has been phenomenal, they are in 65,000 cities. how can a company like yours cities. how can a company like yours compete? we are trading at record occupancy is all around the world. customers, we think, really value the predictability and safety of a hotel stay. in some respects the
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home sharing are bringing in new travellers to the market, that is a good thing. we think by delivering quality experiences, great hotels, great localised experience we can compete very well. let's take a quick look at the markets before we go. asian markets, some of them have opened, japan is fairly flat. the all ordinaries in australia as well. japan is hanging onto those one month high as it hit on tuesday and that was on a more consolatory note from the chinese president. that is it for the show. thanks for watching. —— conciliate or is. —— conciliatory. the top stories this hour: mark zuckerberg has apologised to a us senate committee for allowing firms to misuse personal data gathered by facebook. russia blocks a un vote to investigate the suspected chemical attack in syria —
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increasing the likelihood of us—led military action against president assad. key figures involved in securing the good friday agreement gathered in belfast today to mark 20 years since the deal. it largely ended the 30 year sectarian conflict, which claimed more than 3,000 lives. leaders involved in the peace process, including tony blair and the former us president bill clinton, called for politicians at stormont to restore the power—sharing devolved government which collapsed last year. 0ur ireland correspondent chris page reports. # there is a light at the end of the tunnel #. songs and speeches focused on the long journey to peace on the significant anniversary in northern ireland. two americans who helped on the way were awarded the freedom of the city of belfast tonight, the peace talks chair, senator george mitchell and the president who sent him here. applause. though i'm glad to finally
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have the freedom of a place which i did my small part to make free, do not give up the freedom that the peace agreement has brought. applause. two decades ago, politicians and paramilitary leaders struck a deal on good friday. the aim was to stop scenes like this... explosion. ..after 3,500 deaths, over 30 years. the people who designed the political agreement to end the political violence met at queen's university belfast this afternoon to mark their undoubted place in history. well, this 20 year reunion of the main negotiators is an extraordinary gathering. it's the first time they've come back together since 1998, and this may not happen again. but as well as reflecting
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on the successes of the peace process, they were also contemplating the current political problems, after the devolved power—sharing government at stormont collapsed last year. divisions must be overcome. chris page, bbc news, belfast. key brokers of the good friday agreement gathering in belfast for the 20th anniversary. time now for all the sports news in sport today. this is sport today, live from the
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bbc sports centre. coming up on this programme: shock as barcelona are beaten 3—0 in roma. liverpool show manchester city it was no fluke as they win 2—1 on the night and go to they win 2—1 on the night and go to the last four 5—1 on aggregate. and live to the gold coast where south africa continue their medal winning ways at the commonwealth games, caster semenya claiming 1,500m gold on tuesday. hello there, welcome to the programme, where we start with the programme, where we start with the footballing news that barcelona have been dumped out of the champions league at the quarterfinal stage. the catala ns champions league at the quarterfinal stage. the catalans took a 4—1 lead to italy, but roma's 3—0 win sees them go through
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