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tv   Asia Business Report  BBC News  August 9, 2018 1:30am-1:46am BST

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our top story: the us is to place sanctions on russia in response to the nerve agent attack on a former russian double agent in the uk. the state department says it determined that the russian government violated international law by using lethal chemical or biological weapons against sergei skripal and his daughter. britain has welcomed the development. more than 150 people are now known to have died in the earthquake that struck indonesia on sunday. rescue efforts have been hindered by destroyed roads and bridges in the worst—hit areas on the island of lombok. and this video is trending on bbc.com: the 23—year—old who has become the world's most expensive goalkeeper. kepa arrizabalaga isjoining chelsea from athletic bilbao for a fee in the region of $us91 million. more on that at bbc.com. stay with bbc world news. and the top story in the uk: senior conservatives have strongly criticised former foreign secretary borisjohnson for his comments about muslim women wearing the burka.
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now on bbc news, live to singapore for asia business report. another day, another escalation in trade tensions between the world's two biggest economies. china announces further retaliatory ta riffs announces further retaliatory tariffs on the us. and ikea opens in india. we ask the boss how the swedish giant plans to approach shoppers who are not familiar with the diy approach. hello and welcome to asia business report. i am sharanjit leyl. to asia business report. i am shara njit leyl. we to asia business report. i am sharanjit leyl. we began with yet another escalation in trade tensions between the us and china. beijing has said it will impose tariffs on $16 billion worth of us goods, on
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the same day that america plans to begin new import taxes, also on $16 billion worth of chinese goods. both will take effect on 23 august, and you may remember both countries have already added tariffs to $34 billion worth of one another‘s goods. american officials are now examining a further $200 billion worth of products from china that could be slapped with duties. our business reporter in new york explains the background. these $16 billion worth of imports on either side that will be subject to tariffs come 23 august, well, we have been talking about this for sometime. the us said many weeks ago that it was planning on imposing 25% import tariffs on $500 billion worth of chinese imports. essentially the delay was was that they were trying to figure out the list of items in that $16 billion tranche that would be subject to these tariffs. so the us
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published that list early this week and now china has retaliated with a list of its own. when it comes to the chinese imports that the chinese government is planning on taxing on the united states, these include things like cars and buses, and the us and includes things like steam turbines. so still big heavy machinery, not yet consumer goods which might american consumers just what tariffs could do to their pocketbooks. but as you mentioned, there is this $200 billion worth of chinese imports that the us is considering slapping import tariffs on. we expect hearings on that later in august so they wouldn't go into effect until the end of september at the earliest. so unfortunately i think we will be talking about this for a few more months to come. in other business news, the british pound has fallen below $1.29 for the first time in almost a year on continuing worries that britain will
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leave the eu without a trade deal. sterling also hit a nine month low against the euro and was down against the euro and was down against the euro and was down against the japanese yen as well is the swiss franc. rank of england governor mark carney said on friday that the chances of a no deal brexit we re that the chances of a no deal brexit were uncomfortably high. 0n that the chances of a no deal brexit were uncomfortably high. on sunday, international trade secretary liam fox put the odds at not much more than 60— 40. in a few hours from now, this company, swedish furniture giant ikea, will open its first ever store in india. the mega— retailer plus dining outlet will occupy 400,000 square feet or about 30 acres of space. now, if those numbers boggle your mind, it is about the size of the windsor castle property. the store took years to launch and while india is of course a huge market, will build it yourself concept of ikea take off there? our correspondent met with ikea's global chief before the
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store's open. now, when you buy something from ikea, whether it is a table or chair, it comes to you in the saint flatpack, so you take out the parts and assemble it yourself. that is not something indians are used to. because of the availability of cheap labour here, you usually have workmen and carpenters who can come to your home and assembly furniture, and that is something ikea has had to adapt to. we will argue a little bit to our customers, to say will you please consider the do—it—yourself model? on the whole point of that is of course you save money by doing that. what we are not
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naive, so we offer services for home deliveries, for assembly, for kitchen installation, and in india we assume that that need will be slightly more than in an average market. everyone gets hungry when they shop, and ikea knows that, which is why they have restaurants in their stores. here in india, the famous ikea meatballs will be available, but keeping in mind hindu sensibilities, these meatballs will be made of chicken, and not beef. and going a step further, there will also be indian food that is available, like biryani. it will be the largest indian restaurant in the world, seating 1000 people. we will be hearing more from yogita
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in the next hour. in the telecommunications industry, the 5g race is still a hot one. beijing —based and state owned china tower launched in hong kong this week, raising nearly $7 billion. the company says the funds will go towards building and improving its network structure, and a telecom a nalyst says network structure, and a telecom analyst says 5g could be the key to china's future economic growth. when the chinese government created the concept of china tower several years ago, going back to 2014, the idea was to make the capital expenditures of the three state owned telcos, china telecom, unicom and china mobile, more efficient. by sharing
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the passive infrastructure, this allows the three operators to use their capex for the electronics and their capex for the electronics and the other parts of the network. in that sense, the operators in aggregate have actually saved billions of dollars by sharing the passive infrastructure. and in that senseit passive infrastructure. and in that sense it is making the 5g deployment that much faster and more efficient, when they start the rollout is in late 2019 and then 2020. when they start the rollout is in late 2019 and then zozom when they start the rollout is in late 2019 and then 2020. if the picture wasn't uploaded, did it even happen? well, that is the feeling amongst many, especially millennials today, and it is something businesses are taking note of. design choices are being made to look good on instagram. 0ur correspondent reports. forget instagram as just a marketing
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tool. for some hotels, forget instagram as just a marketing tool. forsome hotels, it forget instagram as just a marketing tool. for some hotels, it is now an integral part of their business. everything we make, we have instagram at the back of our minds, yes. at the hotel g in downtown singapore, there are dream catchers, a local art exhibition and a vintage gym. it has been deliberately designed with a different customer in mind. so travellers these days, especially young travellers, they may not be into the luxury facilities that traditional hotels provide. so a lot of them are looking for a space that is cosy and gives them nice photos for the instagram bid. so that is what we strive to do during the process of construction and design. and it seems to be working. a number of high—profile instagram users have uploaded pictures of themselves here. one account has 250,000 followers. she shared her secrets for what makes a hotel look good in
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instagram posts. it depends on my outfit and location, and if i'm wearing something really bright, i feel like it wouldn't go with certain types of backgrounds. her most popular posts are all about luxury and escapism. people love a good breakfast in bed shot. it looks like it is so simple, but you have to wa ke like it is so simple, but you have to wake up really early, because it depends on where the sun rises, or whatever. having a lot of food, for example, if you are in malaysia, you can showcase the food there and the room at the same time. people like things up like that. travel company expedia has studied this across asia and found 55% of millennial uses book based on what they see on social media. i think that is something for brands to leverage on the way they promote their brand, merging destinations and properties. new zealand's lake wanaka was an
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early pioneer of this strategy. their social media campaign was so successful, it made a tree insta—famous successful, it made a tree insta —famous and is successful, it made a tree insta—famous and is credited with starting a tourism boom on the south island. it is the success hotels around the world would love to replicate. before we go, let's take a look at the markets. here in asia, this is how they are faring. the nikkei has opened in tokyo, the all 0rdinaries in australia, they are currently flat. a lot more worries about tit—for—tat trade tariffs between the us and china. that's it for the programme. thank you for watching. this is bbc news. the top stories this hour: the us is to place sanctions on russia in response to the poisoning of the former russian double agent sergei skripal and his daughter in the uk. more than 150 people are now known to have died in the earthquake that struck indonesia on sunday. self—testing hiv kits are to become available on the high street for the first time.
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superdrug says it will sell them, with the kits providing a result in 15 minutes forjust under £35. 0ne leading hiv charity says it welcomes better access to testing but is worried about the cost. 0ur correspondent sarah campbell reports. the test involves a simple pinprick. antibodies in the blood are measured, and after a few minutes, the result. the manufacturers claim it is 99.7% accurate. alex sparrowhawk has been living with hiv for nine years. his diagnosis took far longer. when i was diagnosed, i had to wait a week for my result, which actually caused a lot of anxiety, a lot of stress. and when i got the phone call, i knew it was going to be bad news. i worked full time, and actually being able to come into a shop on the high street and pick up
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and do a test in my own time, at my own convenience, would be great. hiv diagnoses are down according to the latest figures from public health england, with, for the first time, a decline in the number of gay and bisexual men being diagnosed. but it is estimated that more than 10,000 people in england are unaware they have the condition. following a change in the law, hiv self—test kits have been available online for several years, but it is only now that you can go down to a major high street chemist and buy one. i think it's a brilliant idea. i think everyone should be tested. i think everyone should be aware. it's no different to having a pregnancy test. i think it's a fantastic idea. it takes away the stigma, and also makes it easier for everyone to access. i think it's great, actually. at this sexual health clinic, where hiv tests are free of charge, the off—the—shelf kits have been welcomed, but only as a first stage in the diagnosis process. these are screening tests, and will always need
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to be confirmed. because there's a small number of situations where you may have a false positive test, and so it's imperative to be certain that the test is truly positive. with the correct treatment, people diagnosed as hiv—positive can have a normal life expectancy. early diagnosis is key, and is why facilitating testing is seen as so important. sarah campbell, bbc news. the first attempt to unseat a member of parliament through a petition has been opened in the constituency of north antrim. the recall procedure was triggered last month when democratic unionist politician ian paisleer was suspended from parliament for failing to declare holidays paid for by the sri lankan government. more than 10% of registered voters will need to sign the petition over the next six weeks for a by—election to be held. now on bbc news, sport today. hello, i'm tulsen tollett
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and this is sport today, live from the bbc sport centre. coming up on this programme: the final preparations are underway asjustin thomas looks to defend his us pga championship when play gets underway in missourri on thursday. novak djokovic eases through to the third round of the rogers cup in toronto. and a first ever european championships track gold medal for israel as lonah chemtai salpeter claims the victory over 10,000m. hello and welcome to the programme, where by this time tomorrow, the 100th us pga championship will be well underway at bellerive country club near st louis in missouri, withjustin thomas defending the title he won at quail hollow last year.

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