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tv   Asia Business Report  BBC News  July 24, 2018 1:30am-1:46am BST

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our top story: north korea appears to be dismantling key rocket site, the sohae station, suggesting that kim jong—un may well be fulfilling a promise he made to donald trump in junein promise he made to donald trump in june in singapore. public anger is growing in china following a vaccine quality scandal. hundreds of worried parents are rushing to hospitals to see if their children's vaccinations are valid. polls will open in a few hours in pakistan's general election — a story trending online. our there are nearly 4,000 candidates who are contesting over 272 national assembly seats. more than 100 million people are eligible to vote. that's all. stay with bbc news. and the top story in the uk: the met office declared monday the hottest day of the year so far, with 33.3 celsius
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being recorded in suffolk. an amber heat alert‘s been issued for parts of england. now on bbc news, live to singapore for asia business report. can google‘s parent company beat its technology rivals to become the world's first trillion dollar company. shares are up. and what you do if you want to experience the great outdoors by two are not in the mood to it out? welcome to the world of glamping. it's a tuesday. good morning, asia. glad you could join us morning, asia. glad you could join us for another exciting addition of asia business report. we start off
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with the parent company of google, alphabet, set to become the world's first trillion dollar company. there has been a race among tech giants but shares in google‘s parent are up to 4— time high and that has added an additional $50 billion us to its market cap. the latest surge comes from better—than—expected earnings. revenuejumping from better—than—expected earnings. revenue jumping 26%. the from better—than—expected earnings. revenuejumping 26%. the company continues to impress investors despite challenges. they beat the revenue figures by 2.5% this time around. they have a business with a lot of momentum behind it. but bao, you still have these eu anti—trust investigations and they are never—ending. going forward, could this put pressure yet again on
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google's numbers? it could put pressure. in terms of the other anti—trust cases that are happening but this was the big one that was happening so you are getting a relief rally. i billion dollars is huge by any stretch of the imagination but to google, it's the drop in the bucket. despite the record numbers, revenues about the costs also skyrocketed. spending climbing to $5.3 billion and that is up climbing to $5.3 billion and that is up to 83% from the same period a year ago. if you take a look at the market, it is rewarding companies we re market, it is rewarding companies were investing for the future and google is a prime example of investing in business, with a huge autonomous division. it's a huge market. it's the entire
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transportation market. and waymo is pa rt transportation market. and waymo is part of the experimental business called 0ther bets. it lost hundreds of millions of dollars. it will continue to lose cash but people love it. they have a big lead over everybody else. everybody agrees this is the next big thing. investment director of re lee capital bao vu there. tesla seems to be in the news headlines for all the wrong reasons lately. its shares falling by 3.5% after reports the company was seeking refunds from some suppliers and confirm just told investments it lost $700 million us. the problem with test but right now is it can't manufacture cars fast enough to meet the current demand. asa enough to meet the current demand. as a result, its suffering and what
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it needs to do is manufacture cars fast enough to get that cash to pay back the people of borrowed money from and that is the key challenge in the weeks and months to come. let's talk about the trade spat between the world's two biggest economies. there are signs that china is getting nervous. the country's central bank injected money into the banking system. peter mcguire says the move is all about keeping the wheels of the chinese economy moving. we are down to 6.796 growth in the second quarter. growth moving forward will be 6.5. this lowest number since 2016. the pedal is to the metal and we are looking at priming. could this also be a move to devalue the yuan against the
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us dollar to mitigate steep tariffs? it could be an agenda further down the curb but at the moment, as far as the pboc is concerned —— concerned, they are keeping that rate at 4.5% and as far as president trump is prepared to do in terms of these tariffs. $75 billion us, will this be enough to prime the economy? you make in the short—term, yes, but we would not be surprised to see another round, probably in the third quarter or fourth quarter, that 0ctober quarter or fourth quarter, that october or november period this year. there is no doubt the government is holding the wheel is very firmly and they are not prepared to let anything slip away. the shadow banking industries are concerned and that is the major importance of this meeting in beijing. the uk's new foreign
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secretary has warned the new —— he knew negotiators risk britain leaving with no deal. jeremy hunt travel to berlin to meet his german counterpart. there is the foreign secretary speaking earlier. without a real change in approach from the emu -- eu a real change in approach from the emu —— eu negotiators, we do face a real risk of no deal by accident. that will be incredibly challenging economically. while jeremy hunt was in germany, theresa may stayed in the uk holding an event in the town of gateshead in northern england to explain the plan to leave the eu. she was asked by a member of the public whether the government was planning for a deal or no deal. here must answer. my aim is to bring forward a deal that the parliament will support because it will be a good deal to the united kingdom. 0bviously good deal to the united kingdom. obviously we are going into a negotiation and making sure we are prepared for no deal and government is stepping up its preparations
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because it only makes sense to be prepared for all contingencies. every year, more than 200,000 tourists visit the northern indian desert dunes. they offer an adventure of a lifetime but this is no ordinary camping trip. many travellers prefer glamorous camping known as glamping. we look at how one businesses turning a profit by setting up a luxurious adventure experience. rocky touraine and hot sun in the indian desert is not exactly a dream holiday for many. —— touraine. but
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these upscale safari tents in jaisalmer are attracting tourists to camp here with the promise of glamorous camping, also known as glamping. i thought this was a resort with a concept, that guests should have traditional indian experiences with the natural desert environment because we have not developed a green garden because tourists want to see the desert. we have tents with a c and radiators for —— radiators for extreme winters. camel rides and jeep safaris are used to inspire romance and adventure. in here, at this camp, it is also an effort to recreate an old world weather were no cars and only this was the mode of transport. i must admit, it's a very royal feeling, writing this camel. besides an escape from reality, this camp looks to attract domestic tourists. indian families
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with higher incomes are willing to pay t°p with higher incomes are willing to pay top dollarfor with higher incomes are willing to pay top dollar for unique experiences. for my children, i came the purpose of showing them the rich culture of the palaces in the force which they have always only been reading the books. this particular experiences of riding on the camel in the desert which i had always been telling about my experience here, so i wanted my children to also have the same experience. but it is expensive to set up a camp in the desert. it took two years to install running water and electricity. moreover, top tier tourists only come during the cold season which lasts five months a year. at $300 a night, a stay in result like isn't exactly cheap but for these people glamping, the experience is worth the cost. the
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new york daily news is having its editorial staff cut by half. it is the latest sign of trouble in the news business. less than a year after it was purchased. wages will be raised for about 7500 nikkei employees after a global pay review, about 10% of the workforce. nikkei has faced mounting criticism, causing the chief executive to apologise. —— nike. they keep investing your time with us. this is bbc news. three men have been arrested after a 3—year—old boy was seriously injured in a suspected acid attack in worcester. he was in his pushchair at a retail park on saturday afternoon. the paramedic who treated the toddler at the scene has spoken exclusively to the bbc and he said
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the attack was horrific. from worcester, sima kotecha sent this report. a busy retail park witnessed a rare attack over the weekend. specialist teams spent hours collating evidence after a 3—year—old boy was doused in a corrosive substance while in his pushchair in home bargains. the fluid that i saw was pink in colour. it had quite a strong smell. no bleach or acidy—type smell, but it was an astringent kind of smell. just smelt like a chemical really. we met the paramedic who treated him. what is your reaction to a 3—year—old actually being attacked by this? it's horrific, absolutely horrific. i mean we, as i said before, we had no inkling or any reason to suspect that it was an acid attack, we just thought that he had come into contact with some sort of chemical, but to find out afterwards that
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that was the case, it's shocking. the attack happened in the store behind me. we have been told that the child was with his mother, brother and sister and was treated in the office at the back for what at first seemed to be some sort of allergic reaction. it wasn't until the police sifted through cctv footage that they ascertained that the attack was in fact deliberate. three men were arrested this morning in london in connection to the attack. another man from wolverhampton was arrested yesterday. west mercia police say the motive is still unclear. we are considering all the options available to us and we keep an open mind, but at the moment we are stating that it is a potentially deliberate attack and from that perspective, we want to reassure the community that we're working hard to make sure we understand the motivation and as a consequence of that we can make sure that we are safeguarding both that individual and the wider community. the boy was discharged from hospital yesterday.
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he had burns on his face and arm. officers say the long—term implications of those injuries are unknown. sima kotecha, bbc news, worcester. this breaking news comes from north korea where an agency that gathers satellite images called 38 north says north korea appears to be dismantling a rocket launch after a series of these images was released by 38 north is saying they showed images of the sohae station of the country they appear to show kim jong—un is fulfilling a promise made to president trump. now on bbc news, sport today. hello, i'm marc edwards and this is sport today, live from the bbc sport centre. coming up on this programme: the german football association responds to mesut ozil's allegations of racism
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as he dramatically announces his international retirement. ryan lochte receives a 1a—month doping ban after outing himself on social media. follow the leader, leader, leader — but who is leading team sky? we sit down with the top two in the tour de france. hello and thanks for joining us on sport today. germany's football association has emphatically rejected allegations of racism from mesut ozil following the arsenal midfielder‘s retirement from international football. ozil says he no longer wants to play for germany, citing racism and disrespect within german football. the 2014 world cup winner says he received hate mail and threats, and was blamed for germany's disappointing world cup. the 5—time german player of the year was criticised by the german fa and in the german media after being photographed with controversial turkish president recep tayyip erdogan at an event

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