tv Asia Business Report BBC News April 23, 2018 1:30am-1:45am BST
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prepares for a state visit to the us, he has called on donald trump not to to pull out of the iran nuclear deal. speaking to fox news, mr macron accepted the agreement wasn't perfect, but that he couldn't see a better option. president trump has consistently threatened to scrap the 2015 deal. at least 57 people are known to have been killed in a suicide bomb attack outside a voter registration centre in the afghan capital, kabul. so—called islamic state says it was behind the bombing. and this story is trending on bbc.com: a menu from the first meal ever served aboard the titanic has sold for $140,000 at an auction in the uk. the lunch was served to officers on the first day of sea trials in april 1912. that's all from me for now. stay with bbc news. and the top story here in the uk: jeremy corbyn has called for an end to the government's so—called "hostile environment"
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immigration policy, saying it has ripped apart people's lives. now on bbc news, all the latest business news live from singapore. tweeds from president trump lead to slick moves in oil prices. we take a look at where they are headed this week —— tweets. and work now, family later. how one company in india is helping female workers strike that balance. welcome to asia business report, i am balance. welcome to asia business report, iam babita balance. welcome to asia business report, i am babita sharma. balance. welcome to asia business report, iam babita sharma. oil prices in the spotlight today, and we will be watching for how they do, and asian traders are back on deck after prices slipped on friday following a tweet where president trump said this. well, they are trading at a
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three—year high, around $70 a barrel, and have been rising. what is going on? well, you and me and the rest of the world knows that president trump tweets a lot, but this was the first time he has ever tweeted about opec, the oil cartel, and that really lead to rattling the oil markets on friday. we saw the benchmark oil prices declining about 196 benchmark oil prices declining about 1% asa benchmark oil prices declining about 1% as a result of that tweet. they did recover modestly and we are watching those prices here in asia and they are falling again. there is and they are falling again. there is a lot of nervousness about his tweet but we know as you mentioned oil prices continue to lurk at three—year highs. they are generally trading at $70 or more per barrel and the reason why oil prices have
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been slowly creeping up higher without consumers like us really noticing is because more than a year ago opec and non— opec members like russia got together and decided they are going to cut their oil production to try and lift oil prices, because they say they were addressing what was an oil glut in the markets. but since then these opec producers have come in and counted trump's tweet saying we have nothing to do with these oil prices, it has to do with political tensions around the world. things like sanctions against venezuela, issues around airstrikes over syria, potentially, threats to be around nuclear agreements, all of this rattling the markets —— threats to the iran nuclear agreement. you have shale producers, and their output is higher. and when trump tweets, we listen. we will keep an eye on that as we see how trading develops today. you might remember the
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transpacific partnership, today. you might remember the tra nspacific partnership, the massive free—trade agreement is supposed to bring together nearly half the world's economies, including the largest, the united states, until president trump backed out. one of the original members of the tpp was new zealand, and its new prime minister has been speaking about potentiallyjoining prime minister has been speaking about potentially joining the prime minister has been speaking about potentiallyjoining the us. we spoke to her about whether she thinks the us will reconsider. we have heard a couple of times some suggestions of interest in rejoining. more than just his tweets 7 rejoining. more than just his tweets? yes, and i have heard a mixture of commentary. but after the united states withdrew from the tpp, there were significant changes. countries now are going through the process of domestic ratification. if the us wish to rejoin, that would trigger another process. it is not simplya trigger another process. it is not simply a matter of them putting their hands up and saying we are
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back, it would be quite a process. and you would support them?‘ back, it would be quite a process. and you would support them? a number of countries are interested. what i am interested in doing is seeing if we can get the tpp as it stands through and under way, and for all of those countries who wish to rejoin, we will happily undertake a process with each of them. after five years, britain's biggest tech start—up, valued at $1 billion. how palatable are its finances? deliveroo raised $5 billion in venture funding last year but losses amounted to $176 million in 2016. in the face of rivals like amazon and uber eats, deliveroo is launching its own kitchens. theirfounder says the focuses on bringing quality food to customers. we think about our restau ra nt to customers. we think about our restaurant and rider partners, and what is important is food, and that
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is what we have focused on. what has changed? some things must have changed? some things must have changed given the losses in 2016. we have expanded in a lot of markets in 2016. we went from one market to 12 markets, expanding the market such as singapore. so you knew you would ta ke as singapore. so you knew you would take a hit? when you expand you have two invest, so we have taken a hit. and we have added new concepts which we are continually rolling out across the world, including in singapore. what about the conversations regarding a public offering? are you preparing for that? is it going to happen?m offering? are you preparing for that? is it going to happen? it is one of these things where it is a possibility. right now i am all hands on the business, not focused on that at all. so that is no? right it may happen at some point in the future, but i am not saying that at all. iam future, but i am not saying that at all. i am saying right now i am not thinking about it. so let's not
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thinking about it. so let's not think about it, but let's talk about where you are in terms of where the market is developing. there are a lot of places you could go. is china not on your radar at the moment? china is an amazing food delivery market. we have a few possibilities we are considering in asia right 110w. we are considering in asia right now. i will let you know when the time is right, probably later in the year. .com i mean, when people talk about china, they say it is such a huge market, that to navigate it is tricky. do you see that as an investment opportunity which will survive for you? i see a lot of great markets out there, china being no exception. and, you know, or we are continuing to evaluate all different markets across the world. tell me about the own kitchens idea. why have you come to that process? it isa why have you come to that process? it is a global concert for us. it is a delivery only kitchen which we have built which allows our
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restau ra nt have built which allows our restaurant partners to expand into areas where they don't have a physical restaurant presents. it also allows them to do this at minimal cost. in the new super kitchen we are rolling out in singapore, it is interesting, because not only will customers get delivery, but they will have the ability to dine in and pick up food. we are super excited about that and we are going to roll it out globally. striking a balance between life and work is a challenge for many around the world, especially women who would one day like to have children. a few years ago when facebook and other companies announced they would cover egg freezing for their employees, they we re freezing for their employees, they were attacked as suggesting mothers delay forming a family. our correspondent reports from india. the taj mahal palace hotel, one of mumbai's most iconic landmarks, and now the company that runs it has introduced a landmark benefit for its staff. a subsidiary of the
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ta rta r its staff. a subsidiary of the tartargroup, it its staff. a subsidiary of the tartar group, it pays for its female employees to undergo fertility treatment, part of a new policy aimed at promoting women within the company. more and more women are coming into the workforce, so given that scenario, it could be a late marriage for women or they would prefer marriage for women or they would p refer to marriage for women or they would prefer to delay the conception part of it, and that is where this comes in. ivf treatment supports them to stay focused on theirjobs, build their careers, and whenever they want, they can go through a natural conception, or even ivf. at this clinic in mumbai, one round of ivf costs roughly $a000. but in other centres that figure can go up to $6,000, and state health schemes and medical insurance almost never cover the fertility treatment. the cost can bea the fertility treatment. the cost can be a heavy burden, but for working women like this, it is the
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emotional toll of fertility treatment that was most overwhelming. when we learn it has failed, it is very disturbing, emotionally, financially, from all sides. it is very difficult to face that situation. shaila got pregnant with twins on her first round of ivf, but that was after several yea rs of ivf, but that was after several years of trying naturally, and after many rounds of other fertility treatments failed. if my employer wasn't providing for the cost of my treatment, it would have been very difficult. women working in india are difficult. women working in india a re often difficult. women working in india are often torn between societal pressure to have children and pursuing their careers, but doctors here in mumbai agree that infertility is on the rise. they say people are choosing to have children later in life, but obesity, smoking, alcohol and stress at work all play alcohol and stress at work all play a role as well. taj mahal hotels
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state by paying for egg and sperm freezing and artificial insemination, theirfemale freezing and artificial insemination, their female employees need not worry about starting a family later in life, allowing them to have the best of both worlds at work and at home. let's take a quick look at the markets. you may remember tech stocks dragging the dow down on friday. it opened pretty flat, the nikkei currently down five points and the hang seng 0.9% down. stocks reporting later today will affect the asian markets. you have been watching asia business report. that's it from me. see you soon, goodbye. the top stories this hour: as he prepares to head to the us, president macron of france calls on donald trump not to scrap the iran nuclear deal. the afghan president has condemned
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the attack on a voter registration centre in kabul. at least 57 people, including eight children, died when a suicide bomber targeted a waiting crowd. labour has intensified its criticism of the government's treatment of windrush migrants. jeremy corbyn accused theresa may of implementing a hostile environment for migrants. our political correspondent eleanor garnier reports. day after day, story after story, the treatment of some of the windrush generation has piled pressure on the government. why did you put me through that? why did you make me go through all that — the embarrassment, the shame, the disgust with myself? and i'm begging for my mother, i'm begging because she's a pensioner. i'm begging from my sisters and begging from friends. my dad has been taken away from me, but he's still alive. that's not a nice feeling.
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where is your heart? as senior labour politicians accused the prime minister of presiding over racist policies, the party leader has said the rows revealed something rotten at the heart of government. the windrush scandal has exposed how british citizens, who came to our country to rebuild it after the second world war, have faced deportation because they couldn't clear the deliberately unreachable bar set by theresa may's hostile environment for migrants. newsreel: the empire windrush brings 500 jamaicans. .. many in this first wave of commonwealth immigration don't have proper paperwork, and are struggling to prove their right to remain after immigration rules were tightened. despite being here legally, some have been threatened with deportation, denied access to nhs treatment, and lost their jobs. and it's wrong, what has happened. it should not have happened. there have been apologies and admissions of failure.
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the justice secretary said he felt ashamed, but defended the government's handling of it all. the home secretary should not quit? absolutely, because when it comes down to it, the — the central policy is right. but clearly, there have been very significant failures in terms of how this has been implemented. the home secretary might not be in a precarious position tonight, but that could change. we're expecting more details this week about the compensation sum will get, but if that compensation doesn't come quickly enough, or if there isn't significant progress in helping people affected, then the questions will keep coming, and the calls for resignations will get louder. don't forget you can get in touch with me and some of the team on twitter. time now for all the sports news in sport today. hello there. coming up on the
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program: chelsea will play manchester united in the fa cup final after they beat southampton 2-0 at final after they beat southampton 2—0 at wembley sunday. rafael nadal makes it a record extending 11th of monte makes it a record extending 11th of m o nte carlo makes it a record extending 11th of monte carlo masters title. and mo farah comes third as a kenyan wins the hottest london marathon on record. we start with football news and it will be manchester united versus chelsea in the fa cup final after the londoners built this out and beat southampton. the blues took the lead through olivier giroud, who had a nice finish from close range and the second was a header on alvaro morata as southampton hit the
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