Skip to main content

tv   Asia Business Report  BBC News  July 23, 2018 1:30am-1:45am BST

1:30 am
our top story: more than 100 white helmet volunteers and their families are evacuated from the fighting in syria. israel carried out the evacuation, but the operation was the result of international cooperation. the volunteers had been trapped by a government offensive in a southern syrian border area. gunmen have killed 11 taxi drivers after opening fire in a violent ambush in south africa. the victims had been on their way back from a colleague's funeral. and this story is trending on bbc.com. the tv show supergirl will become the first series to feature a transgender superhero. activist and actor nicole maines, who is herself transgender, will play the role of nia nal in the next season of supergirl. that's all. stay with bbc world news. and the top story in the uk: police have released cctv images of three men they want to question after a three—year—old boy was injured in in a suspected acid
1:31 am
attack in worcester. a 39—year—old man has been arrested. now on bbc news, live to singapore for asia business report. economic leaders demand a stepped—up dialogue to stop heightened trade and geopolitical tensions from slowing global growth. physical and mental exhaustion getting you down? well, one burned—out chief executive finds a way to restore worklife balance. good morning, asia. hello, world. it is a monday, the start of a brand—new trading week. glad you could join us for another exciting edition of asia business report. i'm
1:32 am
rico hizon. and we start off with the 620 rico hizon. and we start off with the g20 finance ministers and they say increased tensions over trade are posing a risk to global growth. at the end of the two day meeting in argentina they called for greater dialogue to reduce the risk. in recent months the trump administration has imposed tariffs on some imports, sparking retaliation. the us treasury secretary, mnuchin, defended president trump's trade policy. people are trying to frame this as about protectionism. that is not yet at all. this is about free and fair trade, whether it is renegotiating nafta, which is an old agreement, or focusing on trade with the eu, with whom we have a significant deficit, and they protect many of their markets. that was steven mnuchin. for more on the g20 finance ministers' meeting, iam joined by my colleague katie silva. it looks like a lot of disagreement between
1:33 am
leaders of the g20 regarding trade. that's right, so there were definitely some fiery conversations in buenos aires over the weekend, and steven mnuchin defended the trump policy saying it is not about protectionism, that the us wants trade to be free, fair and reciprocal. the reason is meeting matter so much as the three countries that represent 85% of the global economy, or two thirds of its population. even before the meeting, the head of the imf warned that trade tariffs could wipe out $430 billion, or 0.5% of the global economy. since then, us president donald trump has gone further. his country imported over $500 billion worth of goods from china last year but he told cnbc that he was happy to impose tariffs on pretty much all of them, and the imf warns that the world's biggest economy could shrink 0.8% of gdp because of its tariffs,
1:34 am
and china, the eu and others have already begun imposing does. steven mnuchin may be defending us policy, but others are certainly been quite vocalin but others are certainly been quite vocal in opposing it. the finance ministers warned in a joint statement that trade tensions risk undermining the global economy, and there is a lot of tension in the meeting itself. europeans complained about tariffs being imposed on aluminium and steel. for example, an eu commissioner warned the us action is inappropriate and that europeans are allies and not foes. the french finance minister said in a statement that we refuse to negotiate with the gun to the head. it must be the us who take the first step to de—escalate, and he asked the president to, quote, return to reason. indeed, i hope we see reason when it comes to trade, sooner rather than later. thank you for that update on the g20 finance ministers meeting in argentina. and
quote
1:35 am
of course, apart from trade we have a busy week ahead of us. growth figures from the world's largest economy are due out on friday. economists forecast 4% expansion for the us economy from april tojune, and to highlight the strength of this economy, president trump plans to kick off this week by putting american—made products on display at the white house, ranging from cowboy boots to lockheed martin f 35 fighterjets. boots to lockheed martin f 35 fighter jets. before boots to lockheed martin f 35 fighterjets. before we get to that, alphabets, google's parent company, announced quarterly earnings later today, and also whirlpool, who fought hard for tariffs to be put in place on steel and aluminium. this a nalyst says place on steel and aluminium. this analyst says his expectations for whirlpool. whirlpool is very interesting because they had specifically appealed for relief from what they see as unfair
1:36 am
competition in terms of dumping washers and dryers and since then the stock is down 15%, is consumer prices are up 20%, and what they are feeling the effect of is not helpful trade practices from the united states in terms of what they would do with lg, but they are feeling the price of steel and aluminium, and it isa price of steel and aluminium, and it is a good example of how the trade war works its way through the system. and once these other tariffs and lamented by both the us and china, many more companies will be feeling the pinch in the third and fourth quarters. absolutely, and the interesting thing about consumer appliances in particular is we forget these are all computerised, so we have circuit boards, semiconductors and most of those, they are imported from china. physical and mental exhaustion is something that most people in the start—up world can relate to, but for ad agency boss michele morgan,
1:37 am
could lead to a violent burnout and her taking 18 months off work to recover. what happens to a company when the boss burned—out? 0ur correspondent has the story. when the boss burned—out? 0ur correspondent has the storylj violently, physically and mentally burnt out. when you start a business, i think you are responsible for everything. there is a real narrative around investment and scaling and speeding and growing, and that is not always the definition of success. i think that getting myself out of the way was the best thing for me, andi the way was the best thing for me, and i also think it was the best thing for the business, as well. for yea rs i thing for the business, as well. for years i had loved, loved, loved what idid, and years i had loved, loved, loved what i did, and suddenly that was gone. i just sat on my stairs and just felt like i can't go on any more. it was easierfor us
1:38 am
it was easier for us to talk about my heavy periods and my thyroid and my heavy periods and my thyroid and my impending hysterectomy and loss of fertility than it was the talk about my mental health, which i had also flagged. the anxiety is something that absolutely can com pletely ta ke something that absolutely can completely take you over, and it is like a living terror. you kind of feel everything. your senses heightened, but the depression is utterly different. it was kind of just like a big, black void that seemed to kind of takeover me. the most important part of recovery for me was creating space. that space meant taking time out of the business, and really not doing very much more. not planning very much
1:39 am
more than that. and for me, a good day was if my husband encouraged me to get out of my pyjamas, take the dog out for a walk and get a cup of coffee. it was a brilliant opportunity for other people in the business to step up and be empowered and trusted, and also the opportunity to try new things. i spent a lot of time in my pyjamas, whether it was for mental health reasons or recovering from operations. i had given myself permission to play with the thought, ifi permission to play with the thought, if i did it all over again, what would i do? and this was kind of where i reached the crossroads of where i reached the crossroads of where brilliant meets madness, because the pyjamas literally represented everything that was holding me back and became my inspiration. as we mentioned at the top of the programme, it will be a busy reporting week for technology giants. nearly 180 companies listed
1:40 am
on the s&p 500 are scheduled to report earnings this coming week, starting with alphabet on monday, which is the parent company of google. 0n which is the parent company of google. on wednesday, investors will be watching facebook to see if recent regulations have had a negative impact on earnings. thursday we will be seeing if the high expectations for amazon, which has seen its share price soar by 22% over the past three months, are indeed justified. and electronic a rts indeed justified. and electronic arts will reveal if the success of their game fifa 2018 has boosted their game fifa 2018 has boosted their bottomline. and friday, president trump's favourite form of communication, twitter, shares their second—quarter results from april untiljune. the first report since the social media site purged millions of suspicious accounts. a lot of earnings numbers coming out this week. let's have a quick look now at the markets, and asia is moving sideways in early monday
1:41 am
trade after us equities ended slightly lower on friday. as you can see, they were all marginally in negative territory, this is due to escalating trade anxiety is driven by us president donald trump's latest tariff threats against china, offsetting a string of robust earnings led by microsoft, earnings from the likes of alphabet and the other companies we mentioned could boost the dowjones, the s&p 500, and the nasdaq higher into positive territory later this week. thank you so much for investing your time with us. so much for investing your time with us. iam rico so much for investing your time with us. i am rico hizon. so much for investing your time with us. iam rico hizon. sport so much for investing your time with us. i am rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: israel has evacuated hundreds of syria's white helmets civil defence volunteers and their families to jordan. the operation was the result of international cooperation. 11 taxi drivers have been killed in south africa after gunmen
1:42 am
ambushed them using automatic rifles. the victims were on their way back to johannesburg attending the funeral of a colleague. as we've heard, police in worcester have released cctv images of three men they want to question, after a three—year old boy was seriously injured in a suspected acid attack. officers say he was deliberately targetted. a 39—year—old man from wolverhampton has been arrested, on suspicion of conspiracy to commit grievous bodily harm. 0livia crellin reports. a shocking attack in a quintessential english city. yesterday, worcester was the scene of a suspected acid attack on a three—year—old child at a busy retail park. it left residents shaken. it's just really disgraceful if anything like that happens, especially — to anybody, including if it's happened to children, as well.
1:43 am
police have released these images, but more than 24 hours later, they still don't know the motive for the attack, or the exact substance used. the attack was dangerous enough to hospitalise the young boy, who is being treated for serious burns to his arm and face. at the moment, we're uncertain as to what the extent of those injuries will be, and what the long—term implications are, but it is pleasing he's been released from hospital now. relief for the family, but even in this quiet city, the threat of acid attacks lingers. 0livia crellin, bbc news. three members of the anti—corruption unit at the metropolitan police are being investigated over claims they covered up or failed to properly pursue allegations of wrongdoing by other officers. the independent 0ffice for police conduct, which is carrying out the investigation, says a number of other officers are also being assessed. tom symmonds gave us the detail from scotland yard. this is about the directorate of professional standards, the bit of the met which investigates when its own police officers either break the law or break the force's rules. now, the police watchdog, the iopc,
1:44 am
says that individual officers within that directorate may be guilty of serious corruption or malpractice. this is about the allegation that those officers may have interfered with or prevented investigations into met officers. and so far, three middle—ranking officers within the directorate have been told that they face investigation, and the iopc is looking at the cases of another dozen or so. it is a highly controversial announcement, a highly controversial thing for the iopc to say. the met has had a long history of dealing with corruption within the force. in the ‘70s, ‘80s and ‘90s, it was about corrupt links between criminals and the police. now, it seems to be about potentially corrupt links between police and other police officers. hello, i'm marc edwards and this is sport today, live from the bbc sport centre.
1:45 am
coming up on this programme: it's majestic from molinary as the italian claims his maiden major with victory at the open championship at carnoustie. from 14th to 1st, lewis hamilton comes back to win a sensational german grand prix as sebastian vettel crashes in the rain. and magnus cort nielsen wins stage 15 of the tour de france as geraint thomas retains the yellow jersey. hello. francesco molinari is the 2018 open champion, shooting a faultless final round at carnoustie to become the first italian to win the famous claretjug. tim hague was watching the action unfold on the east coast of scotland. the winds of change were in the air at the championship sunday. francesco molinari began the day three off the lead but by the time he hold this, he was one of the men

97 Views

info Stream Only

Uploaded by TV Archive on