tv Asia Business Report BBC News April 17, 2018 1:30am-1:46am BST
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the shayrat air base. the missiles are reported to have been shot down by the country's air defences. syrian state television didn't say who may have fired the missiles. the pentagon has denied any us involvement. shinzo abe is to meet with donald trump to discuss north korea. and "harry & meghan‘s windsor knot" beer — has been created to give the traditional british pint an american twist. the beer has been created in honour of their wedding day. the pale ale is made from barley grown on the royal farm and combined with hops from the west coast of america, reflecting the couple's heritage. that's all from me for now. stay with bbc news. and the top story here in the uk — the government has admitted terrible mistakes were made in the treatment of commonwealth migrants threatened with deportation. it involves thousands of members
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of the so—called windrush generation. now on bbc news, all the latest business news live from singapore. all eyes on the chinese economy and its latest growth numbers as the government puts serious work into trimming bad debt. a pub crawl anyone? by helicopter? we take a look at the business of drinking down under. good morning, asia. hello, world. iam right here down under. good morning, asia. hello, world. i am right here in singapore. we start off with the world's second largest economy because we are expecting first—quarter growth numbers in about one hours time. many economies
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are expecting a 6.7% expansion compared to 6.8% in the final quarter of last year. that is also the view that growth could slow further this year as a crackdown on factory pollution needs more closures at factories. there is also shadow banking activities in an effort to rein in debt for both corporate and household types. these measures have pushed up the cost of borrowing. it is also the looming possibility of a trade dispute with the world's biggest economy, the us. earlier, i asked this economist with ahe earlier, i asked this economist with a he expects the economy to slow down during the january — march period. my forecast of 6.7% competitor last year. how significant is the impact of a decline of 1% in the economy —— 0.1%? decline of 1% in the economy —— 0.196? it seems a small but it is not
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really one quarter slowly down but for the whole of this year, i expect 6.5% which is compared to 6.9% last year. how serious is that? 6.996 to 6.5%, is it about more closures of factories and higher interest rates? yes, those are two of the key factors. i will add, yes, those are two of the key factors. iwilladd, i yes, those are two of the key factors. i will add, i think overall, the current growth rate in china is slowing down. overall, the quantity of credit is not there compare to the last few years. that is also about trimming the bad debts in the financial system. will this be good going forward for the chinese economy? yes, definitely. overall, the chinese government are trying to remove the ticking time bombs. we are not looking at a systematic risk of debt in the near future. you talked about the ticking time bomb domestically but what
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about externally? we could potentially have a global trade war because of this tit—for—tat tariffs between the united states and china. could this slowdown the chinese economy even further? yes, if there isa economy even further? yes, if there is a trade war. i say is because ultimately, i think there will be a negotiation. if it indeed happens, it already forecast 6.5% for 2018, how much further could we see a slowdown? irra if it happens within the next three months, i think this year, growth might slow down to about 6.2%. what would offset the slowdown? if it is the slowdown to below 6%, the government will go in for some more stimulus and it might actually pull the growth rate above
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6%. actually pull the growth rate above 696. china's leading companies have been black listed by the cyber defence watchdog and has warned uk telecommunications providers that the use of their equipment and services would pose a national security risk. the move coincides with a ban preventing american businesses from selling components to the company. zte is yet to respond. there are protests and boycott calls for starbucks as two black men got arrested for loitering. protests have continued with many entering the store to call for the managers dismissal. japan's prime minister shinzo abe is travelling to the prime minute —— the president's estate in florida to discuss trade and investment relations between their countries as well as north korea had of a
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possible meeting between trump and king john wood. netflix has smashed it again. shares of the video streaming giant jumped more it again. shares of the video streaming giantjumped more than 7% in after hours training and that is up in after hours training and that is up 65% this year. for more on this netflix story, i am joined by monica miller. strength to strength. it is eye—popping. netflix is smashing expectations on wall street. they signed up 7.6 million new subscribers in just three signed up 7.6 million new subscribers injust three months. a customer base is 125 million people. that is more than half of all us broadband customers. they arejust going to get bigger and bigger. they are investing globally. netflix has spent up to $8 billion on global
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programming and that was just in 2018 a loan. analysts are warning them not to get comfortable because they have a lot of competition gearing up in their rearview mirror. in china alone, alibaba and baidu ready have their own streaming services and apple is creating its own programming. starting next you, while disney. supplying new movies to netflix because they are creating their own video service and that will be geared towards families. so much content. you know what? i haven't actually watched these two programmes. thank you so much. monica miller, al colleague and business reporter on netflix. have you heard these two works? experience economy. simply explain and engage customers in a way that creates a memorable event beyond the tangible purchase. starting this week, we will look at businesses geared towards a new trend of
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consumers. those who place higher value on experience over material things. to kick us off, we go to the australian outback where opportunities have ta ken australian outback where opportunities have taken off for some helicopter companies.” opportunities have taken off for some helicopter companies. i think it isa some helicopter companies. i think it is a very unique tour. a pub crawl in a helicopter, yeah. this is the first stop. indian island is just outside darwin. it is notjust a pub —— isn't exactly a pub but i don't see anyone explain —— complaining. how did get past a pub
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crawl in a helicopter? it doesn't get better than that. it is the experience and something you will a lwa ys experience and something you will always hold onto for the rest of your life. it is a once—in—a—lifetime thing.|j your life. it is a once-in-a-lifetime thing. i decided to sacrifice my own happiness to serve people coming in. can you excuse me a sec? some days you can feel like a
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designated driver. we have had a few bucks parties and hence nights but it's mainlyjust australian tourists. i told you, tim, don't drink and fly. japan and australia are open for business and currently they are in positive territory, trying to get rid in lost ground —— trying to regain lost ground. investors appeared less concerned about possible retaliation for the us led air strikes on syria. the nikkei up by 27 and the all wards gaining 28. as for the us markets, they were well in positive territory, the dow gaining 1% and that nasdaq 50 points. sport today is coming up next. sport today is coming up next.
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the top stories this hour. syrian state media says anti—aircraft guns have been fired in response to a missile attack on an airbase near the city of homs. in an exclusive interview with the bbc, russia's foreign minister has said relations with the west are worse than during the cold war. sir cliff richard has returned to court, for the third day of his legal battle against the bbc — over its coverage of a police raid on one of his homes - in 2014. the singer claims that footage of the raid carried out following an allegation of sexual assault was a ‘very serious invasion' of his privacy. he is suing the bbc in the high court for ‘substantial damages', but the bbc disputes his claims. sir cliff richard was never arrested or charged — as our special correspondent lucy manning reports. sir cliff richard has already received damages, £400,000, but from south yorkshire police, not the bbc. the force wants the bbc to pay a share of this. south yorkshire police have confirmed that they are searching a property in berkshire owned by sir cliff richard... the dispute. how much information about the search of cliff richard's flat police gave the bbc. yes, this lunchtime, the search is still going on...
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reporter danjohnson was told the time and date of the search by south yorkshire, but they deny giving more information about the investigation and claim they were forced into cooperating with the bbc. today i can confirm that south yorkshire police have gained entry into a property in the sunningdale area of berkshire. matthew fenwick who is now retired from south yorkshire police made this statement to the bbc on the day of the raid. here in the middle, he told the court today, reporter danjohnson already knew many details about the investigation in a meeting they had one month before the search. mr fenwick was asked if he felt danjohnson had forced him into a deal with the bbc. mr fenwick told the court, i didn't want him to publish the story, but he told me he could and he would, so we came to an arrangement where he wouldn't publish it then, but we would give him the details about the search. he was asked, did he force you into it? yes, he replied, really, yes. under cross—examination, it was put to him that he had not made notes at that meeting at police headquarters and had wrote the details in his notebook much later.
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he claimed he wrote up the notes two days later and denied south yorkshire wanted publicity for the raid. we all love you. sir cliff richard is suing for invasion of privacy, which the bbc denies, claiming the story was in the public interest. he was never arrested or charged and believes the bbc should pay for damaging his reputation. lucy manning, bbc news. time now for all the sports news in sport today. this is sport today live in the bbc‘s sports centre. coming up, the dramatic late equaliser boosts west
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ham's premier league survival hopes and sends stoke closer to the drop. the asian champions league. and novak djokovic is back on the charge on the clay of monte carlo. the battle at the basement of the english premier league. west ham left it late. paul lambert‘s side second from bottom of the table took the lead thanks to peter crouch who capitalised on a long—range effort. peter crouch is now stoke's top scorer in the premier league. earlier west ham had two
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