tv Asia Business Report BBC News May 30, 2018 1:30am-1:47am BST
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00:00:00,001 --> 715827683:52:14,906 i'm 715827683:52:14,906 --> 1431655367:44:29,811 babita 1431655367:44:29,811 --> 2147483051:36:44,715 sharma 2147483051:36:44,715 --> 2863310735:28:59,619 with 2863310735:28:59,619 --> 3579138419:21:14,523 bbc 3579138419:21:14,523 --> 4294966103:13:29,428 news. president trump and kim jong—un. for talks with the us secretary of state mike pompeo. he's the first senior north korean to go to the us for 18 years. are shot dead in belgium. the authorities say they're treating it as a terrorist attack. com. obama's former advisors. said her tweets were abhorrent and inconsistent with its values. stay with bbc news. and the top story here in the uk. to reporting restrictions.
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live from singapore. finalise trade sanctions just days after he'd said they were on hold. after he'd said they were on hold. and swapping rice for apples? indian farmers think the investments will berth fruit. good morning, asia. hello world. glad you can join us for this asia business reports. business reports. indian state of kashmir are swapping the rice crop for this...
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apples. few years for an apple tree to bear its first fruit. its first fruit. agricultural community is making the switch. switch. preparing to so rise on a small patch of land. patch of land. all this used to be paddy fields. paddy fields. but now, most of it is covered in young trees. covered in young trees. changing picture of kashmir. picture of kashmir. these apple saplings just a month ago. ago. grow fruit on more than 80% of the land he owns. land he owns. translation: we don't get a good price for rice these days. price for rice these days. less than a third of what we used to get. get. because rice from other states is cheaper. is cheaper. you can make a lot of money growing apples instead. money growing apples instead.
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it is an unusual switch. least a few years before an apple orchard yields a harvest. orchard yields a harvest. then, there is no produce from the land. land. last year they produced their first crop of fruit. crop of fruit. steam, especially after the monsoon last year. to grow rice, water is essential. essential. of late, there hasn't been enough of it. been enough of it. government advertised farmers against sowing paddy. against sowing paddy. 5000 litres produce one kilogram of rice. rice. it is a lot of difference, a lot of water. lot of water.
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the water here and in other areas is receding. other areas is receding. it is no longer a favourite on the farms. farms. forward in applying trade sanctions against china. against china. they would put them on hold while negotiations were better deal. negotiations were better deal. guinea to discuss what this could mean for the region. mean for the region. looking for more fair and free trade in the future. in the future. than we have had for the last ten yea rs. than we have had for the last ten years.
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years. between the americans and the chinese. chinese. trade patterns yet, but it is affecting the mood. affecting the mood. we are concerned to see things like this happening. this happening. and drive the chinese into a better bargain. i don't know. tit—for—tat tariffs from the chinese? chinese? for most of the apec economies, is in the united states, it is china. in the united states, it is china. they get caught up in supply chains and any other indirect effects. and any other indirect
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effects. like this it can spill into other economies. why has everything been slow to be ratified? laws have to be changed. you will have to be patient, it will take time. how much time? take months and then we will have to wait to see what the effects are. wait to see what the effects are. am not expecting any big changes, but it will go ahead. but it will go ahead. are apec economies looking out for in the second half of 2018? in the second half of 2018? know what that is going to look like.
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like. because that is where the big growth is. is. apec, executive director, spoke to me earlier. to me earlier. fernandez of illegally obtaining operating languages. operating languages. they are investigating reports that he... investigating reports that he... regulators and agencies to present the right facts. the right facts. plastic bags on the environment is widely known. widely known. these plastic straws are to be seen as just as damaging. are to be seen as just as damaging.
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mcdonald's is under pressure and the eu is proposing a ban. eu is proposing a ban. the ban will help avoid 3. help avoid 3. the equivalent of $25 billion by the year 2030. and save consumers $7. 5 billion. billion. asia, there is a gap between what companies say and what they do. companies say and what they do. environmental concerns and the impact of these kinds of things. impact of these kinds of things. but it doesn't translate into action. it doesn't translate into action. people know about it but are not prepared to do anything. prepared to do anything. businesses, don't have the impetus to change. to change. they are businesses, in the business of making money. the business of making money. consumer demand get so high they have no choice, they will shift. have no choice, they will shift. long as it remains, they will get what people want.
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what people want. when that changes is when legislation comes in. is when legislation comes in. has a road map in place to ban all single use plastics by 2030. single use plastics by 2030. governments, why don't they implement this kind of legislation? implement this kind of legislation? of being able to put secondary plans in place. in place. transportation and water usage, a straw is just a drop in the ocean. straw is just a drop in the ocean. cannot afford to be tough on plastic straws? straws? the tip of a very large plastic bag shaped iceberg. shaped iceberg.
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place and they are looking hard at how they change their materials. how they change their materials. behave, they will be reacting, rather than leading the charge. rather than leading the charge. the markets took a tumble overnight. markets took a tumble overnight. italy's political crisis provoked a major sell—off. i am joined by my colleague. colleague. how are asian stocks reacting to this? reacting to this? they are reacting in very much the same way. in very much the same way. 3%. seng was unchanged and we will see what happens there in about an hour. what happens there in about an hour. the mckay is down further from yesterday. yesterday. what we saw in wall street yesterday. yesterday. the dow was down, the nasdaq was down. nasdaq was down. the dow had its worst day in five weeks.
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worst day in five weeks. the political crisis in italy, which is making the global markets jitter. is making the global markets jitter. will be putting on the trade tariffs. tariffs. washington saying they will put the trade tariffs on. put the trade tariffs on. it did seem we were not going to have them. seem we were not going to have them. around the world, thank you for the updates. our business reporter. thank you for investing your time with us, support is coming up next. with us, support is coming up next. —— sport. the top stories this hour. between trump and kim jong—un.
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has her hit series cancelled, after sending racist tweets. open to the public next month. will gompertz reports. which dates back over 1000 years. and into the queen's diamond jubilee galleries. the point from the ground, where you could no longer see it... they are new but the space isn't. it's been here for centuries, largely unused and neglected. to create chapels up here. a lot of monks, masses needed to be said, chapels. but they didn't ever do it. so the fashion changed and it was just abandoned. of course, it was used for coronations. archive footage: this great building in
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all its magnificence. on queen elizabeth ii's coronation in 1953. the abbey's ancient story. surviving altarpiece. the funeral effigy of admiral nelson. was building his then—new church. and some wonderful stone carvings. you know, these galleries are terrific. on display are absolutely fascinating. but they are not the best thing. is what you can see from here. in europe," and now you can enjoy it, too.
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but at a price. an additional £5 charge to visit the new galleries. some might consider that good value. others might feel, like the old spiral staircase, it's a bit steep. it's not at all bad. will gompertz, bbc news. here with the rest of the news in 15 minutes. keep in touch with me on twitter. time now for all the sports news in sport today. hello, i'm ben mundy. this is sport today, live from the bbc sport centre. the mother of all comebacks... tennis at the french open. the race to host the 2026 world
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cup is up in the air... from north america. hockey‘s fairytale... in the stanley cup final. hello, welcome to sport today. the latest from the international football matches in a moment. a successful return to grand slam tennis. to reach the second round, as adam wild reports. was time for the tennis to do the talking.
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