tv Asia Business Report BBC News July 10, 2018 1:30am-1:46am BST
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our top stories. rescuers in thailand are getting ready for the third day of the operation to free the remaining four boys and their football coach, who are still trapped in the caves. eight children who are already safely out are being treated in a nearby hospital. they have not yet been reunited with their parents. the british prime minister, theresa may, has lost two senior ministers in just 2a hours. the foreign secretary, boris johnson resigned hours after her chief brexit negotiator, david davis. it follows bitter arguments over the uk's brexit plan. and japan's prime minister, shinzo abe, has cancelled an overseas trip in the wake of torrential rains that have killed more than 100 people in the west of the country. and one more story from the uk. police investigating the death of a woman who'd been exposed to the nerve agent novichok in wiltshire, say she had a "high dose" of the substance.
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her partner remains critically ill. now on bbc news, all the latest business news live from singapore. the sterling takes a pounding as leadership changes take place in the british government. another scandal at nissan motors, this time involving falsifying emissions and fuel economy data. good morning, asia. hello, world. it is a tuesday. glad it could join —— but it could join us, great to be back. we start off in the uk and the sterling is indeedin off in the uk and the sterling is indeed in focus as prime minister
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theresa may needs to reshuffle the cabinet after her brexit plans have fallen into chaos. borisjohnson is the latest minister to walk out. his departure follows that of brexit secretary david davis along with junior minister steve baker, unhappy with the proposals the rest of cabinet agreed to last friday. for a look at how asia is responding, let's bring in, from the economist corporate network, in a hong kong studios, rob, they give arejoining us. studios, rob, they give arejoining us. borisjohnson studios, rob, they give arejoining us. boris johnson is studios, rob, they give arejoining us. borisjohnson is quoted as saying the brexit dream is dying. us. borisjohnson is quoted as saying the brexit dream is dyingm is if you are a hard brexiteer and other things i won't repeat on there that he was dissatisfied, as was david davis, with the agreement reached on the weekend survey have stormed out but it's hardly dead, it's just not hard. stormed out but it's hardly dead, it'sjust not hard. what is going to
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happen to brexit? will there be a soft brexit, hide brexit? what form and shape will it be at the end of 2019? just reflecting an economic view on this, without taking political sides. a moral —— a moderate brexit is in the best interests of the uk economy so this idea of soft and hard, what you want is something that doesn't disrupt markets, you want to have consistency going forward. the may government is trying to achieve that. it will leave more pragmatic people in the cabinet, hopefully, to see this through. business does not like uncertainty but do they like this current moderate brexit that theresa may is pushing forward? my
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sense talking to british executives in hong kong is that many of them are for brexit. they were very satisfied with brussels administration in terms of economics but i don't know anyone who would like to see the border shut down as a hide brexit implies. the real issueis a hide brexit implies. the real issue is in terms of how you deal with goods and agricultural products. that is what theresa may is pushing for. i don't know many business people who are that much against it but emotionally, there is against it but emotionally, there is a lot of resentment towards anything thatis a lot of resentment towards anything that is not a hide brexit. it's a ha rd that is not a hide brexit. it's a hard position, you feel you want to hide brexit but you need a softer one. a lot of uncertainty and to the end of march, they give are joining us. end of march, they give are joining us. samsung is betting big on the world's fastest growing mobile phone market. the conglomerate is investing $300 million to build a
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large production hub in india which will include the world's biggest mobile phone factory. the details from delhi. india is an important market for samsung are several reasons. the country is expected to have 530 million smartphone users, a huge market, so when this production facility is up and running, samsung is hoping to double the smartphones made locally here to 120 million. this production facility will also make reflectors on flat panel television screens for the rising indian middle—class. not only will it providejobs but indian middle—class. not only will it provide jobs but it's also a vital push the engine prime minister's "made in india" policy. here to mark the investment was the south korean president, just a few kilometres from the production plant, and this is where you see how fierce the competition is for the south korean brand because this market is flooded with chinese
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products. they come at a cheaper price and they are taking the market space away from samsung. and this is where samsung is hoping the diplomacy with the south korean president meeting the prime minister will work, to pave the way for homegrown brands. new zealand is taking its commitment to fight climate change to the next level. the current administration is working on a zero carbon bill that calls for a zero carbon economy by the year 2050. how is this possible? the honourable james shaw says it is an ambitious goal and they are joining 30 other countries trying to reach it. yes, we are looking at a lot of change but change is constant in our lives. we want to manage this transition. of course, your excellency, over the next 30 years, there will be a lot of changes,
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particularly when it comes to governments and administrations. the political will has to be there to be able to stick to this zero carbon economy law. it does, and there are two things. we need to ensure the bill has bipartisan support. a similar bill passed the uk house about ten years ago and it supported both sides of the house. it's done very well to reduce the uk's greenhouse gas emissions. we are modelling our approach on that. the other thing is, the bill itself contains provisions to set up a politically stable institute to guide us on the way there. while new zealand is leading the charge in fighting climate change, one of the most polluted places in russia's ceasefi res most polluted places in russia's ceasefires at a soviet era defined coal mine —— coalmine poisoning the air. but the locals say it is
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replacing one environment and disaster with another. this is, they say, the largest opencast coal pit in eurasia and it on fire. after eight years in operation, it is shut down but now col self ignites in the open air. it causes headaches for the locals and authorities which need to find a solution. the company which owns the pitt says it has a plan. millions of tons of mud over the slopes, sealing the surface. and this is where the mud will come from. 20 kilometres away, the same company, rmk, is building the foundation for a giant copper extraction plant. putting them tons of copper bearing all will be milled here. 99.5% of what they dig out will become waste, thinly milled earth. mixed with water comedy leftovers will be transported to the
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coal pit side and snared —— spread over the smouldering slopes. but residents of chilli events are angry about the plan and about the extraction project. we want to breathe, it is a coalmine, not a dump, say those posters. piping leftovers into the mine is a convenient way for the company to deal with the waist but the protesters say the idea is dangerous. translation: copper enrichment brings out a lot of elements and pouring waste over the cold but will damage water deep underground. this is one of the dirtiest cities in russia. eight decades of soviet industrialisation bought many plans into chelyabinsk. the economic —— their political situation was claimed to be under control by the government and now they stressed the need to eliminate they stressed the need to eliminate the coal fires. the they stressed the need to eliminate the coalfires. the project they stressed the need to eliminate the coal fires. the project still needs to be approved by federal agencies but the ecology adviser for the governor's office says he has
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faith in the plan. translation: we are guided by the scientific expertise. everything is done by law here. if scientists told us something was not right, the governor would never be behind it. listen, the governor is there to control the process and one needs to trust the government. but faith in government is in short supply. not farfrom chelyabinsk, government is in short supply. not far from chelyabinsk, another chimney stack, the copper smelter plant which has become a byword for environmental destruction. those who run it say reckless pollution is a thing of the soviet past and now with new equipment and new rules, things are better but protesters are not convinced. this place has become the symbol of major poison by industry. the new russian industrialists say the plants are safe but many locals don't believe that and this means the conflict that and this means the conflict that once the new project, the new one and the old one, will continue. before we go, a quick look at the markets. asian shares remain in
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positive territory to the second consecutive day. australia's all ordinaries index up by 111 points. this is after the positive sentiment from the us markets, ahead of earnings reports. wall street, the dowjones gaining a hefty amount. the nasdaq higher by 68. thank you for investing your time of us. this is bbc news the top stories this hour. divers are getting ready for what they hope will be the final mission to free the last four boys and their football coach from flooded caves in thailand. two leading brexit—supporting ministers have resigned from the british government but theresa may does not appear to be facing an immediate challenge to her leadership.
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police in the uk say it's shocking and utterly appalling that a woman has died after being exposed to a nerve agent. dawn sturgess was contaminated not far from where a former russian spy and his daughter were poisoned in march. june kelly reports. dawn sturgess was a mother of three, two grown—up sons and a daughter of ii. today, they and her parents are mourning her. she and her partner, charlie rowley, fell ill after being exposed to what's being described as a high dose of novichok nerve agent. it's understood the couple each had it on one their hands. this was dawn sturgess in a local shop the day before she collapsed. with her death, a murder investigation has been launched by scotland yard. it is both shocking and utterly appalling that a british citizen has
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died having been exposed to a novichok nerve agent. but make no mistake, we are determined to find out how dawn and her partner, charlie rowley, came into contact with such a deadly substance. and we will do everything we possibly can to bring those responsible to justice. the couple's last journey together was on a bus from salisbury to amesbury. tonight, the police said there were no traces of novichok on the bus they took. it's understood charlie rowley‘s flat in amesbury is regarded as the key location, as police search for a container which was the source of the nerve agent. the work of the teams in their specialist heavy suits is being made harder by the heat. it was novichok which was used in the attempted murder of sergei and yulia skripalfour months ago. here in salisbury, the hostel which was dawn sturgess‘ last home has been closed, and is now one of the decontamination sites. people in this area believed the novichok crisis had passed.
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dawn sturgess, no doubt, thought the same. at the cordon by the hostel, flowers have "dawn, you were the innocent one in this." in a tragic twist, dawn sturgess has become the unintended victim of an international murder plot. the hunt is now on for her killers. june kelly, bbc news, salisbury. time now for all the sports news in sport today. hello, your live with the bbc sport centre and chris mitchell. coming up, swatting them away for fun! fedorova looks unstoppable at
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wimbledon. so too the seven time champion serena williams. she gets to the quarter—finals too. —— federer. the time for training is done. neighbours belgium and france get ready for their semi—final showdown at the world cup. business as usual at wimbledon. federer, djokovic, nadalanne williams all won with very little trouble. the only blip perhaps, discover, knocked out by kiki bertens —— nadal and. that means all top ten women's seeds are out. —— this,. many have tried to stop roger federer on the grass at wimbledon, mannarino will add to that list —— pliskova. roger federer gets to his 16th wimbledon quarter—final. rafa
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