tv Asia Business Report BBC News July 30, 2018 1:30am-1:46am BST
1:30 am
our top story: there's an urgent search for survivors on the indonesian island of lombok, following a powerful 6.4 magnitude earthquake that struck early sunday morning. mountain trekkers were forced to run from landslides following the quake. at least 1a people have been killed on the island, and there have been more than 100 aftershocks. cambodia's prime minister, hun sen, has claimed victory in the country's general election. critics say the vote was a sham because of his crackdown on opposition factions and lack of serious challengers. and congratulations are in order — this story is popular on bbc.com welsh cyclist geraint thomas has won the tour de france. he completed the final stage in paris, riding for team sky. he said his surprise victory was "the stuff of dreams". that's all. stay with bbc world news. the top story in the uk: a six—year—old girl has died after going into the sea at margate harbour. the girl, who's from erith
1:31 am
in south—east london, was taken to hospital but later died. the rather is about to hit the road wet it comes to pumping up prices due to the row. some restaurants may tip the scale in the us and may not leave something behind when paying the bill. hello, and welcome to asia business report. we began the programme with the impact of us ta riffs programme with the impact of us tariffs on the global economy. bmw says it will raise the prices of two us made sports utilities in china to with the increasing costs. the
1:32 am
german carmaker says, starting monday, it will raise the retail price of the ex— live and it seeks by 4— price of the ex— live and it seeks by a— 7%. price of the ex— live and it seeks by 4— 7%. the chinese post a new ta riffs by 4— 7%. the chinese post a new tariffs on about $34 billion in us goods as part of the widening trade i’ow goods as part of the widening trade row and it is notjust car manufacturers who are concerned. as we look ahead to the next fed meeting on wednesday, our next guests meeting on wednesday, our next gu ests says meeting on wednesday, our next guests says uncertainty surrounding us policy has already affected decision—making. economic policy uncertainty is already having an impact according to a guest. we are starting to see the effect of steel and aluminium tariffs. everything from motorcycles, rvs, to soda pop cans. the fed note of concerns about
1:33 am
trade policy and the possibility that they would intensify. over the last several months, some of the daily moves in the snp 500 are tied to news on trade policy. it is definitely having an effect on the market. you publish the global economic policy uncertainty index. what does this measure and what is it telling you? it basically measures the extent of anxiety about economic policy and we look at leading newspapers, in 20 of the largest countries that count for 70% of gdp, and his methods to qualified the extent of concern about policy. we sit lots of concern of trade policy uncertainty. by countries like japan policy uncertainty. by countries likejapan and policy uncertainty. by countries like japan and the policy uncertainty. by countries likejapan and the us, we policy uncertainty. by countries like japan and the us, we have industries explicitly focused on
1:34 am
trade policy and they are way up. industries explicitly focused on trade policy and they are way upm is not just about sentiment, trade policy and they are way upm is notjust about sentiment, but also about the strategy president from has taken. what does these tell you about how he wants to engage in this part of the world? under the trump administration the traditional respect and support for a rules —based trading order seems to be off the table. he likes to do bilateral deals one at a time. he sees that as exercising us economic might but speaking for myself i see it as worrisome that the international trading order is eroding. to smartphones makers are in the spotlight. apple and samsung will tell investors how they fared when
1:35 am
they release their earnings report. both companies settle their seven—year—old court battle. a tech a nalyst says seven—year—old court battle. a tech analyst says they face a new set of tensions. a bit of a slug fest taking place right now on a political level. when you look at what goes into an iphone, not all of the components are actually made in china. they are assembled in china. but other accessories, they are often sourced from third parties and that could be impacted by this tit—for—tat trade dispute. that could be impacted by this tit-for-tat trade dispute. as a teenager in the 1980s, same chambers created some of the world ‘s first computer games. —— claim changes.
1:36 am
but it did not last long enough to rea p but it did not last long enough to reap its rewards. now he has learnt the lesson of treating business as a marathon not a sprint. you have to be prepared for a marathon when you start a business. if you think it is a sprint you will end up in a bad way very quickly. we were first generations of computer game people in the uk and it is an incredibly difficult business, it still is. you might think it is going to be a massive game, it is so obvious but one of the things i learnt is that things that look like happening very soon
1:37 am
ta ke that look like happening very soon take a lot longer. block chain will be noticeably larger industry than what we know of the internet today. we are four or five years before the real explosion, the real bubble of the block chain happens. most people will tell you how exhausted, but an agony it was but the reason somehow and excitement and adrenaline attached to that. that was very much my start in business. leading a little extra money behind the show our gratitude but in the us it is
1:38 am
the way many in the us industry than the way many in the us industry than the living. there is a legal loophole that allows restaurants to pay less than minimal wage if they make up the rest in tips. ijust finished lunch which means it is time to pay the tap and in the us that means leaving a fairly hefty tip. because they receive tip restau ra nt tip. because they receive tip restaurant owners are allowed to pay them less the minimum wage. but that could change. as i have been finding out not all waiters are on board with this idea. doug mandel has built a career serving tourists in the central district but he worries that a higher hourly wage could discourage customers from tipping which means he could take in
1:39 am
hundreds of dollars less each night. the tips of the vast majority of the money we make. the hourly pay is a small fraction. i will not be expected to get 15% tips if we're getting paid more but if employers are struggling to pay more, things will go up. it is almost like gratuity included. we know that that relies on tip a big part of his salary but most americans do not know why we keep. to get an answer may be talked into an etiquette expert. prior to the civil war, americans did not keep but these newly rich americans visited europe and they wanted to show that they knew the rules abroad and they knew genteel ways so they came back with the practice and it took hold. now
1:40 am
it isa the practice and it took hold. now it is a fully fledged american institution. it is notjust limited to the rich and well travelled. several states around the us have gotten rid of tip credits and as the governor of new york considers doing the same many restaurant workers have left the dining room and pulled out into the street. i never know how much money i go home with, no matter how hard i work top even some restau ra nt matter how hard i work top even some restaurant owners are backing the proposal. they will do better work when they are not worried about putting food on the table at home. but many believed tipping attitudes can change if they know waiters and getting paid more. this is how the market is fed across the world... are broadly lower close for the us market. friday's losses ought to be prompted
1:41 am
bya friday's losses ought to be prompted by a disappointing round of earnings and also concern about us — china trade tension. that is it from me, thank you forjoining us. this is bbc news the top stories this hour: a relief operation is underway on the indonesian island of lombok, after a powerful earthquake killed at least 14 people and damaged thousands of homes. a big election victory for cambodia's prime minister. hun sen has been re—elected but critics say the vote was a sham. the gap in life expectancy between rich and poor has been widening for
1:42 am
nearly two decades. the rich tend to stay healthier longer, while the poor die younger. that bleak assessment is based on national statistics, but monday's panorama programme looks at the families behind the figures. richard bilton reports now from stockton—on—tees, the town with britain's biggest health gap. rob hill is only 46 but his life is nearly over. he was given six months to live two years ago. smoking and poor diet have left in with a series of conditions. he is living on borrowed time. it is horrible. it is not nice. seeing them sitting there and crying. my children saying my
1:43 am
dad is going to die. i going to have any more. i am not going to have anybody any more. this doctor is surgery anybody any more. this doctor is surgery is in stockton—on—tees. life expectancy for men is 64, the same as ethiopian. it is a disgrace. we need to be fixing this. people have the right to reach retirement age. i do not accept a society in which we are expecting people to be unwell in their 40s. what do you want regarding a funeral. their 40s. what do you want regarding a funerallj their 40s. what do you want regarding a funeral. i want cremation. rob is getting ready for his death. this is the reality of low life expectancy and it is hard on his family. dad is the best. you
1:44 am
know, i don't know... no one ever knows when he is going to go. stockton—on—tees's problems are shared by the nation. too many continue to die too young. don't forget you can get in touch with me and some of the team on twitter. i'm @benmbland. now on bbc news, sport today. hello. this is sport today, live from the bbc sport centre. coming up on this programme: the champagne was flowing and the wales flag flying as geraint thomas makes history at the tour de france. the fizz was flowing for another briton as lewis hamilton claims victory in hungary, and with it a 24—point championship lead. and thailand's ariya jutanugarn
1:45 am
regains her place as world number one with victory at the ladies' scottish open. hello and welcome to the programme, and we begin in paris, where history was made at the tour de france. as the champagne flowed along the champs elysee, it was the welsh flag held high by the victor, geraint thomas. for the record, sunday's final stage was won by the norwegian alexander kristoff of team emirates, but for team sky it's a sixth tour de france title in seven years. olly foster was there. cheers from the reigning champion to the new one. geraint thomas has won olympic, world and commonwealth gold medals but, over three weeks and 3,000 kilometres conquering the alps and pyrenees, he has now reached cycling's summit. i never thought about the outcome. it was always about the process and doing things, all the small things, right, thinking about the next line,
35 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on