tv Asia Business Report BBC News April 12, 2018 1:30am-1:44am BST
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our top story: president trump warns russia to "get ready" for missile strikes against syria. it follows a suspected chemical attack on civilians. mr trump called the syrian president a "gas killing animal". britain's theresa may has summoned her cabinet for a special meeting to discuss uk participation alongside the us. more than 250 people have been killed in a military plane crash in algeria. most of the dead are military personnel and their family members. and the boss of facebook tells us lawmakers that his own personal data was compromised in the cambridge analytica breach. mark zuckerberg apologised for failing to check that cambridge analytica had deleted information gathered about millions of facebook users in 2015. stay with bbc news. and the top story here in the uk: a marathon two—day congressional
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session. facebook‘s mark zuckerberg admits he was one of the millions of users whose data was improperly shared. and the chinese ratepayer willing up best known for taking out a china once again takes on its old rivals to pick —— old rival. it has been two long days for mark zuckerberg, he has been asking ——
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answering questions for a second day in washington. he revealed he was amongst the users who was data was gained by cambridge analytica. he agreed that internet companies need some regulation, but urged caution. i think some regulation, but urged caution. ithinka some regulation, but urged caution. i think a lot of times, regulation by definition puts in place rules that a company that is larger, has resources like owls, can easily comply with, but that might be more difficult for a small start—up to comply with. there are views of all things that need to be thought through very carefully when thinking what rules we need to put in place. our technology correspondent has been following the hearing in washington and he explained what, if anything, will come out of these hearings to beat one of the big criticisms is that they are political theatre, a chance for politicians to be seen on television having a go at cheeky executives ——
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chief executives. there could be things that come out at the sessions are. namely, regulation. the rest in are. namely, regulation. the rest in a lot of talk about regulation because so far, technology companies like facebook are mostly self—regulating when it comes to how they conduct their business, particularly in relation to the personal data that it collects. facebook has said and mark zuckerberg has said that he is open to it, but it has to be the right kind. what has been the suggestion so kind. what has been the suggestion so far is that regulation could be a blanket data privacy law, similar to what we have in most parts of europe that gives users much more control about what data they collect and the control over that data. in the us there is not a law such as that that covers all sorts of data collection. i think that might be where we are headed. until yet that point, there will be a lot of discussion, a lot of lobbying to make sure that this
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isn't too overreaching on their business. christine lingard is the latest now to sound the alarm over the rest of a trade war between the us and china. she said that the rules that underpinned global trade we re rules that underpinned global trade were in danger of being torn apart. she used a speech in hong kong to warn against the tit for tat trade warn against the tit for tat trade war that has been threatened. governments you need to steer clear of protectionism in all its forms. history shows us that import restrictions hurt everyone, especially the poor consumers. not only do they lead to more expensive products and more limited choices, but they also prevent trade from playing it essential role of boosting productivity and spreading new technologies. the heart of the trade spat is the us belief that chinese firms have been given an
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unfair advantage by their own government and while the us may be setting up barriers, a chinese technology companies are increasingly crossing borders of. a chinese right healing app says it will be on the sheets of mexico very soon speak while it is best known for driving deliberate out of china, it will get another chance of challenging it in its own backyard. the founder told us how he plans to ta ke the founder told us how he plans to take the company global. a charm offensive to take on the world, didi chuxing is getting ready to take its brand overseas but is doing it the chinese way. translation: it... for the past 20 years it was china who le pt the past 20 years it was china who lept from the us, but over the next 20 years we will ride on each
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other‘s successes. 20 years we will ride on each other's successes. he is the face of new china, a new breed of chinese entrepreneurial. young, confident, with deep financial pockets to try something new. translation: with deep financial pockets to try something new. translationzli with deep financial pockets to try something new. translation: i am now 35 years old. my entire management tea m 35 years old. my entire management team has a lot of people in their 30s. we are idealistic and can be rash sometimes. is but we also bring a lot of surprises. he has a future for what the future is going to look like. —— a division. no parking problems, no bottlenecks and congestion it will do all this with one thing, data. there is lot of sensitivity amongst officials in the us government and consumers that chinese company may hand over that sensitive information back to the chinese government. how do you view that attitude? translation: when american countries first entered china, there were also these concerns speak without you are
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chinese or american, data is the lifeline of any business. cannot guarantee data security and that will be destructive for the guarantee data security and that will be destructii hasrrthe it us. right j“we'“'*” ’ us. right j“ we will -. tt wake up because right now we will get kicked, basically. us technologies have very good technology, but in many ways they are so technology, but in many ways they are so focused on technology and not solving the problem. that is a big issue right now. but he isn't losing any sleep over the rivalry, he has set his sights on what is beyond the horizon. translation: for tomorrow, it is autonomous driving, the day after, it is to get vehicles into the air. we will explore all possible technologies. he is -- didi
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chuxing is a part of china's modern, confident error, where they are not just content with succeeding on their own shores. you can watch more on that interview in our special series, asia's technology titans. in other business news, saudi aramco has signed a deal with a consortium of indian refiners to build $41; billion worth of projects on india's west coast. the minister says that asia is still their biggest market, it comes 2a hours after saudi aramco saint agreement with a french oil company. saint agreement with a french oil com pa ny. toys saint agreement with a french oil company. toys "r" us are moving ahead with plans to sell some non—us
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assets and has received multiple bids of more than $1 billion for an 85% sta ke bids of more than $1 billion for an 85% stake in its asian business. a lawyer for the retailer says the company will try to focus on more profitable locations as it liquidate its us and uk operations. what used to be the world ‘s largest carmaker in the world, is now struggling to survive in south korea. general motors may need to shut down more factories there and ask for to government support if it union cannot agree to cut labour costs in the coming weeks. later today, wage negotiations are due to take waste between the carmaker and the union, which has 111,000 members. general motors into the korean market in 2002 and the american manufacture acquired a local brand and since 2015 they have left a lot of unprofitable markets, including europe, south africa and russia. i spoke to an auto analyst and asked
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him how those labour negotiations would go. the current government and president has been pro— labour, but the recent cases regarding others structuring companies seem to prove otherwise. we believe that the case in korea that the labour union will have to agree with the terms by gm for the government to have the employment status preserved as much as possible. general motors has a history of working countries where they are unprofitable. what would it mean for foreign investor confidence in korea's once powerful auto sector if they do could? —— quit. in korea's once powerful auto sector if they do could? -- quit. they were really expert driven since general motors sold out their subsidiaries in europe. the operations in korea we re in europe. the operations in korea were becoming very unprofitable. it
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has a production capacity of1 million units and out of that about 1596 million units and out of that about 15% were allocated to the european market. the closure of foreign subsidy areas for general motors has provided less incentive for the company to operate its operations in korea in a full capacity. we believe that by the korean government agreeing to the terms given out by general motors will provide more incentive for the investors to have confidence in korea, that it is now becoming to understand the benefits of restructuring. a quick look of the market. asian markets have opened lower, pretty much following on from their us counterparts. that is it for this edition of asia business report. takes the watching. —— thanks for watching. you are since january, ian's dairy has been delivering 4,000 more glass milk bottles a week. and out of 20 dairies we spoke to, 17 said they had also seen a rise. this is the first year we have
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actually seen an increase in sales and production, and i think it's more on the back of everybody being more aware of the environmental impact plastics have, as opposed to glass returns. not bad news for you, either. no, definitely not. the morning clink on the doorstep became a post—war staple, and by the late 70s, 90% of britain's milk was delivered to homes. but despite popular advertising, then came deregulation and the rise of the supermarket, triggering a decline to just 3% of the current market. but it survived. eileen likes knowing that her bottles are reused, and she likes her milkman. how long have you known ian? about 12 years. 12 years?! in the winter, it was brilliant. poor ian, i was opening the door, and it was deep snow, the bottles were just plonked in. poor soul! a pint of eileen's milk costs 65p, so four of them is more than £2.50. but less than half a mile up
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the road is a major supermarket, where the same volume of milk costs less than half the price, so eileen's next door neighbours are not that keen to convert. living near the sea, jill has been horrified by images of plastic waste, and yet... does that tempt you to move to glass? i'd like to think i would, but, no, iwouldn't. it's cheaper, and that's the bottom line. waste charity wrap told us that because of the environmental impact of cleaning and delivering, a glass bottle must be used 20 times to beat plastic. ian's bottles are used around 50 times, so he's hoping more customers will see them as the green option for the white stuff. nina warhurst, bbc news, redcar. time now for all the sports news in sport today. however, i am tulsen tollett this is
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sports today. coming up. drama the end of the champions league quarter—final between riou madrid and juventus. into the semifinals for bayern munich. and date of the commonwealth games and australia is rolling along. we will have live there injust a moment. who knows where chris mitchell will be? we started the champions league on what was an incredible night in madrid. posts real took the lead against juventus but conceded three to leave the title level. they were awarded a
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