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tv   Asia Business Report  BBC News  July 4, 2018 1:30am-1:46am BST

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food and medical supplies have been sent into the cave complex in thailand where 12 boys and their football coach have been trapped for ten days. a doctor and nurse were among a group of divers who've reached the group, which was cut off by rising floodwaters. the thai military says it won't risk the boys‘ safety with a hasty evacuation. the former malaysia prime minister najib razak is expected to be formally charged in the next few hours following the disappearance of billions of dollars from the public investment fund imdb. more high drama in moscow: england are through to the world cup quarterfinals for the first time since 2006. they beat colombia 4—3 on penalties. they'll face sweden on saturday at the samara arena. that's all. stay with bbc world news. a top story in the uk:
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a woman who worked at the countess of chester hospital has been arrested on suspicion of murdering eight babies and attempting to murder another six. first, here is asia business report. former milos and the minister result is under arrest and will be officially charged on wednesday morning after he arrives in court. and in india, entrepreneurs are encouraging each other to achieve success encouraging each other to achieve success by publicly celebrating their failures. success by publicly celebrating theirfailures. —— success by publicly celebrating their failures. —— former malaysia and prime minister. hello and welcome to asia business report. we begin with news out of malaysia where the former prime minister rosa has arrived at a kuala lumpur courthouse, he spent the night ina lumpur courthouse, he spent the night in a detention centre after being arrested tuesday on corruption charges. all of this comes after an investigation into the former
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leaders alleged role in the scandal hit government investment fund imdb. the fund was set up to develop kuala lumpurorasa the fund was set up to develop kuala lumpur or as a financial hub but racked up billions of dollars in debt which it couldn't pay back. he has been accused of pocketing $700 million from the fund, charges which he has consistently denied. the more on the story, i am joined by karishma. a stunning fall from grace for the former prime minister. ruefully, what has led it to all of this? —— briefly. ruefully, what has led it to all of this? -- briefly. in the last few minutes we have seen the former prime minister razak entering a courthouse in kuala lumpur. from what we understand, from what we understand, there were hundreds of onlookers there, a scene of chaos, police on the scene as well. he was described as looking calm, impassive, wearing a blue shirt and
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a blue jacket as impassive, wearing a blue shirt and a bluejacket as he impassive, wearing a blue shirt and a blue jacket as he entered the courthouse and as you were saying, any moment now in the next few hours we are expecting some form of the charges to be released and to be announced against him. all of these centres around imdb, the government run invest in the fund which racked up run invest in the fund which racked up billions of dollars of debt and the allegation is he was involved. the money was found in his personal bank account, he is consistently denied any of those charges but over the next couple of hours we will find out specifically what the new government, led by the former prime minister partly a hummer, thinks he has done wrong. and what does this mean for the investment climate in malaysia. the investors feel like they have renewed confidence in the country because of this new government, of course, with the former prime minister muhamed now in charge? all of these different prime
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ministers getting into it, i think this court case will signal that this court case will signal that this administration is serious about clamping down on corruption in the imdb case and very publicly, mahathir mohamad had campaigned on bringing back malaysia's reputation and did an interview with me he said thatis and did an interview with me he said that is why he was getting back into the thick of it. if you will. at the timei the thick of it. if you will. at the time i said to him many of the corruption issues that are endemic within malaysia's economy until today happened, flourished, during his time in office. he did not deny it, he acknowledged that corruption existed in malaysia even when he was in charge, at that it didn't exist at the scale that you have seen, or that he believes to have been evident, during najib razak‘s time. that is a sense many malaysians have as well so they will be looking at this court case very keenly to find out what happens next, what the next steps are. we will be getting the
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details of those charges in the next few hours. thank you. in other business news making headlines, shares in glencore have sunk more than 12% after it was ordered by us authorities to hand over documents relating to a money laundering programme. it received a request from the us department ofjustice asking for records related to its business in the democratic republic of congo, venezuela and congo from 2007 onwards. british investors are reportedly preparing for an informal investigation into glencore's actions in the drc. the majority of australian states and territories implemented a ban on using plastic bags, all except new south wales. it is the only state in australia that has yet to commit to phasing out plastic. in australia, 75% of the rubbish found along the coast is
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plastic, and most of it is thought to be from surrounding areas, especially urban centres. new south wales is australia's most populous state, including the city of sydney. phil mercer says it is a massive problem that businesses cannot ignore. one of australia's main supermarkets woolworths was estimating that it gave out 3.9 billion single use plastic bags every year. that is one reason why woolworths and its main competitor coles have brought in a nationwide ban on these single use bags. it follows a move in western australia and queensland. the ban in those states ca m e and queensland. the ban in those states came into effect on the first ofjuly. the states came into effect on the first of july. the transition states came into effect on the first ofjuly. the transition has not a lwa ys ofjuly. the transition has not always been easy. we heard a story ofa always been easy. we heard a story of a supermarket to the south of perth in western australia where customers were getting pretty iraq that they could not get a free plastic bag. 0ne customer apparently grab plastic bag. 0ne customer apparently gmba plastic bag. 0ne customer apparently grab a throat of a supermarket
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worker. —— grabbed. a lot of agitation but i get the sense that things will come down. australia is now waging war on waste. waging war on waste but not new south wales? it is the only territory that has not banned these plastic bags. why is that and where is the resistance coming from? everyjurisdiction in australia has either implemented a ban on plastic bags or intends to. south australia started all of this many years ago, so south australia started all of this many years ago, so did tasmania. south wales, australia's most populous state is the odd person out in all of this. the state government says new laws are not needed because, in its opinion, the ban by coles and woolworths, the main supermarket chains here, means that legislation is not necessary. the state government believes supermarkets are doing the heavy lifting. art conservationist would argue that doesn't necessarily solve
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the whole problem. but every other state and territory in australia is on board and new south wales stands alone. right, and oddly enough china isa alone. right, and oddly enough china is a country that is sticking out as a model for what australia should start doing. china has banned import of recyclables see it has focused the attention of australia and about what to do with its waste. we are a pretty throwaway society here. the idea now is that australia should move towards a more circular economy. we consume, we recycle and we reuse. phil mercer speaking to me earlierfrom we reuse. phil mercer speaking to me earlier from sydney. now, we reuse. phil mercer speaking to me earlierfrom sydney. now, success, the recipe that most people chase, especially entrepreneurs, but more often than not they come along failures along the way, sometimes multiple ones. 0ne organisation in india is trying to find a way to celebrate those missteps in the hopes that aspiring businessmen and women don't get discouraged. your
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career is like a rollercoaster. when you are succeeding, it goes very slow. but when you fail, you failed so slow. but when you fail, you failed so fast. my partner took everything. and it was the most depressive year of my life. failure sucks but instructs. we never have business problems, we actually have people problems. i almost lost all of my savings and i was literally on the sea as savings and i was literally on the sea as somerset before it could save myself. we have had people who came on stage to talk about their failures, inspired people from their failures, inspired people from their failures and things that they learn from it. the movement is dedicated to three kinds of people — those who have failed, those who will fail, and the laggards. talk about
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failure. the world will thank you.|j think failure. the world will thank you.” think my venture failed because of my own mistakes because i believe that i trusted the wrong people at wrong time. because i invested a lot in technology, i didn't invest a lot in good people. i let my good people go. the project which was so important to me didn't actually gets launched. when you see people admitting failure in front of a large crowd, but is phenomenal.” ke pt large crowd, but is phenomenal.” kept on feeling that is why today i realised the only thing important is unique to learn from the failure because failures can always take you toa because failures can always take you to a negative side. sings.
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cheering and applause. a quick look at the markets that are open now before we go because you can see they are love, the nikkei is lurking three —— you can see the nikkei is lurking a three—month lows and putting a damper on investor sentiment. it is all from asia business report. thank you for watching. this is bbc news. the top story this hour: 12 boys and their football coach trapped in a flooded cave in thailand have received their first food and medical treatment for 10 days. a woman who worked at the countess of chester hospital has been arrested on suspicion of murdering eight babies and
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attempting to murder another six. the healthcare worker was held as part of a long—running investigation into the high number of baby deaths in the neonatal unit at the hospital. police have not said if the arrested woman was a nurse or doctor, but they have said that they're now widening their investigation to look at the deaths of other babies there. judith moritz reports. hospital managers called in the police because they could not explain the unusual number of baby deaths and death emergencies on the neonatal unit. now the police investigation has been extended, focusing on what happened to 32 babies between early 2015 and the middle of the following year. this morning, a woman who was described asa morning, a woman who was described as a healthcare professional was arrested on suspicion of murdering eight babies and trying to kill another six. forensics searches began at a house in chester which
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police have confirmed is related to their enquiry. a car was also searched and items taken away for examination. neighbours on the same street woke up to the scene. got to go to at about eight and the police we re go to at about eight and the police were all out and i didn't see many people that were there. came back about 11:30 and it was a lot more activity going on. we did not know until we drove that this morning, and saw all the police cars. saw the police cordon, more than the usual number of police cars, the forensic van, so obviously something very serious. at the hospital, the medical director said that "asking the police to look into this was not something we did lightly but we needed to do everything we can to understand what has happened here and get the answers we and the families so desperately want." in 2015 the countess of chester hospital have the highest number of neonatal deaths at 43 trust of a similar size. it is thought
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providing care —— it's stopped providing care —— it's stopped providing care —— it's stopped providing care the very premature infa nts providing care the very premature infants in july 2016 and now only looks after babies born after 32 weeks pregnancy, and managers say they are confident the unit is safe to continue. live now to thailand where it is approaching eight o'clock in the morning in northern thailand and chiang ryan wade search rescue operation continues to help the 12 boys and their coach that are stuck in the case of 12, nine, ten days —— chiang rai. more of that to come. hello, i'm tulsen tollett and this is sport today live from the bbc sport centre. coming up on this programme: england are through to the world cup quarter—finals after a penalty shoot—out win over colombia. they'll play sweden who saw emil forsberg put them into the last eight at this tournament for the first time since 1994. and maria sharapova is knocked out in her opening match at wimbledon but rafael nadal moves through to the second round. hello and welcome to
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the programme where we start with the fifa world cup in russia and england are through to the quarter—final stage after a tense penalty shootout win over colombia. the match finished 1—1 after extra time but it was gareth southgate's side who progress and they'll play sweden who accounted for switzerland in the early match. 0lly foster was watching on from moscow. the quarterfinal line—up is now com plete the quarterfinal line—up is now complete after an incredible four days of knockout football. we should have guessed that the last of the tyres on the last 16 would go the distance. england have been haunted by memories of bail spot kicks down the years but they kept their nerve against the colombians in a really ill tempered match here in the

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