tv Asia Business Report BBC News September 10, 2018 1:30am-1:46am BST
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they've won around 18% of the vote, putting them in third place. both the ruling centre—left and opposition centre—right blocs are short of an overall majority. neither coalition wants to work with the sweden democrats. north korea has held a military parade to mark its seventieth anniversary without displaying intercontinental ballistic missiles. their absence drew praise from us president donald trump who called it "a big and very positive statement." and this story is on bbc.com: us open champion naomi osaka has addressed the controversy surrounding her finals match with serena williams, saying she understands why the home crowd in new york was backing serena. that's all. stay with bbc world news. and the top story in the uk: the tuc general secretary has said trade unions could throw their "full weight" behind the campaign for a referendum on a final brexit deal — unless the government secures a deal that protects working people.
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now on bbc news, live to singapore for asia business report. backing a winner. it is notjust naomi osaka's fans. in a major sponsor naomi osaka's fans. in a major sponsor cheering her victory. floods, hurricane and droughts and wildfires. the economic cost of climate change rises with the temperature. hello and welcome to asia business report. as we have been reporting on newsday, japanese fa ns been reporting on newsday, japanese fans are celebrating the victory of tennis star naomi osaka at the us open. that it is also a huge
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windfall her sponsor, nissan. open. that it is also a huge windfall hersponsor, nissan. naomi was born in japan windfall hersponsor, nissan. naomi was born injapan but brought up in the us and herfather ‘s decision was born injapan but brought up in the us and her father ‘s decision to have her represent japan was to attract more than to sponsorship deals from japanese firms. here is that chief executive of her sponsor when he was asked how much the deal was worth. translation: when he was asked how much the deal was worth. translatiosz when he was asked how much the deal was worth. translation: it is confidential so we can not release the details of her sponsorship contract. but we have prepared a bonus for her victory. that is the chief executive of nissin speaking there. staying with japan, the country's economy is expanding much faster than a preliminary estimate in the second quarter said. it grew by 3% in the three months between april and june. a us television giant cbs announced that its chief
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executive was stepping down immediately from a slew of sexual miss conduct allegations. he is one of the most powerful man in implicated in the #metoo movement. cbs will donate $20 million to support equality for women in the workplace. it is a new week of course, monday, let's look at other highlights of this week which take place, particularly on wednesday in the us. for fans place, particularly on wednesday in the us. forfans of apple place, particularly on wednesday in the us. for fans of apple they will find out at the company's annual event what sort of latest smart phones are on offer. last month, apple became the first us firm to hit the $1 trillion mark but can i please its users? i asked an industry expert what is next for the third. the thing about apple is that it is increasing the average selling price of its devices. everytime it brings a new device to market it does that and it is managing to take well over 80% of the profit for the overall smart forum market. as long
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as it manages to keep at increasing that average selling price and profitability, the company will keep growing. apple has about 1496 share of the global smart phone market yet, as you say, the revenue dwarfs its nearest competitor because they are able to charge more for their phone. will they be able to sustain that with this new release and other new releases? there is usually a bump. the quarter that they launched these new releases the market share will increase. one quarter, two quarters may be last year. they will bump it up. there are other areas that apple is looking to blow, grow such as access that apple is looking to blow, grow such as access arrears that apple is looking to blow, grow such as access arrears and things like the home pod. as well a surge versus like digital content and apple paid. you mentioned the watches and some of the other apple products. interestingly, apple came out and told the us government that
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the trade tariffs will affect the cost of many of those products. how ha rd cost of many of those products. how hard will those tariffs likely hit them? that is a very good point. one of the big issues affecting us is that they cannot predict what the outcome of this will be. but the bulk of the components of their devices come from asia in particular china. with these tariffs are implied ashlar complied that will have an impact on the price of the devices that they manufacture. that will be something they are working on at the moment. it is hard to say that it will clearly have some impact. that was and to speaking to me earlier about that apple event. let's look at some other events on the business calendar. we have china's tesla debuting their shares on the us stock exchange. they are hoping for a valuation of around $8 billion. interest rates will be the
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focus later in the week. the bank of me to make england a meeting on thursday as brexit talk continues. they raised interest rates last month for the second time in a decade. and then the europeans are meeting and the central bank will be holding a monetary policy meeting on the same day and we will keep a watch on all of that for you. let's talk climate change now because it is costing the global economy billions of dollars in damage through hurricane, droughts, wild flyers you name it. —— wildfires. in india, officials estimated that the rebuilding costs from the devastating floods would exceed $3 billion. $389 billion to rebuild after floods in china over the last two decades. and the cost of the fires in australia in new south wales will than double by 2015. in
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japan, the country battled extreme rainfall injuly japan, the country battled extreme rainfall in july and japan, the country battled extreme rainfall injuly and typhoons. some estimate that japan's with great weather is good cost insurers industry $4 billion. earlier i spoke to the university of sydney school of business and i asked how recent natural disasters are different and what we have seen in the past. essentially we are now looking as you pointed out, add a era of human induced climate disruption. said these costs in terms of the direct impact through extreme weather events, typhoons and storms that they also play out in the medium to long—term around effects that are not immediately evident such as it impact on supply chains, particular global supply chains, impact on disease vectors and health, impact on energy and cities. so we need to factor in the fact that these impact will play out in a myriad way around
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a whole series of interconnected social and economic impact. can you explain to is exactly how these different types of related economic damage could play out? a good example would be to look at the floods that bangkok in 2011 which are estimated to have cost around $45 billion in cost for global supply chains. so many large manufacturers, large manufacturers, global manufacturers, locating their infa ntry global manufacturers, locating their infantry and logistics in hubs like bangkok. those floods or walked down those distribution centres for several months and those cost flowed through the global supply chain for order manufacturers, for truck manufacturers et cetera. that is one implication of how these reply fax of climate change have impacted global economies. more generally, however, we need to factor in a whole range of issues around health, geopolitical insecurity that will obviously have huge economic impact
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this century. and, quickly, what can governments or companies do to try and mitigate against such climate change cost? firstly we need to radically reduce carbon emission and we need to do that through price on carbon, carbon pollution. through national and international agreements and that is what the paris climate agreement is attempting to do. we need to ratchet up attempting to do. we need to ratchet up the ambition around those mitigation targets quite dramatically to avoid an increase in global temperatures. around the world, a booming construction is driving up demand for builders. men still make up the majority of the workers in the trades at a growing movement is calling for more women to fill these well—paid skilled posts. let's have a look. ijust i just turned six and ijust turned six and i like to
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sing. alike tojog and i like to build. iwant sing. alike tojog and i like to build. i want to be an architect and may, like, robots. sometimes girls don't care about building. theyjust don't care about building. theyjust do what people say they are supposed to be doing. the minute i have tools in my hands it felt... it empowered me. almost like i became a superwoman. i started this programme because i wished there was one when i was growing up. i plead came a plumber by accident and i fell in love with it once i started doing it. —— i became a plumber by accident. the
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women's building will be a space thatis women's building will be a space that is forjustice, liberation and a quality. into segregation at work is arbitrary and we need to open up the labour sector to anyone who wa nts to the labour sector to anyone who wants to fill any job, the labour sector to anyone who wants to fill anyjob, not based on gender. women in hard hats. that is it for this edition. thank you for watching. this is bbc news. the top stories this hour: the leader of the sweden democrats says his far—right, anti—immigration party is set to gain huge influence over swedish politics after making significant gains in the general election. north korea has held a big military parade to mark the 70th anniversary of its foundation. unlike previous events, no intercontinental ballistic
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missiles were put on display. the former foreign secretary boris johnson's latest intervention on brexit has been attacked by fellow conservatives as ‘outrageous‘ and ‘disgusting' after he likened the prime minister's proposals to a suicide vest — with the detonator given to the eu. our political correspondent alex forsyth reports neverfarfrom a camera, it seems, but borisjohnson didn't get the warmest welcome from cricket fans at the oval yesterday. perhaps dreaming up his latest attack on the government's brexit plan. in today's mail on sunday he called it feeble and pathetic and said by promising no friction at the irish border... suicide bomb or suicide vest... that language was quickly criticised by tory colleagues.
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i think there are much better ways to articulate your differences and i think it's a reminder, i think, for all of us in public policy, whichever political party we represent, to use measured language because that's what the public want to see. some went much further. there is little doubt borisjohnson knew that his comments would provoke reaction. critics have suggested it was a deliberate distraction from revelations about his private life including the recent announcement about his divorce, but his supporters say his only focus is fighting for brexit and that's why he's being attacked. i think boris says it as he sees it and it's how many people see it in the country but few dare to call it. and he speaks truth unto power and i'm not surprised that those in power resent that and there's a backlash. either way, his willingness to challenge the prime minister has again fuelled speculation about his own ambition. although his allies insist the only change he wants in downing street is a different brexit policy.
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alex forsyth, bbc news, westminster. clashes have broken out at a margin to let to commemorate the anniversary of the crew that ousted president allende to thousands of people have marched at the main cemetery people have marched at the main ce m ete ry to people have marched at the main cemetery to remember the victims of the dictatorship that followed the coup that ousted president allende. hello. this is sport today, live from the bbc sport centre. coming up on this programme in the last few minutes novak djokovic has won his third us open title.
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more on that in a moment, plus — rain could shorten the penultimate fedex cup tournament in pensylvannia withjustin rose on the cusp of becoming new world number one. and madness is san marino as a moto 2 motorcyclist tries to grab the brakes of an opponent as they hurtle down the straight. hello and welcome to the programme where we start with the tennis news that novak djokovic has won the men's us open final at flushing meadows in new york taking it in straight sets 6—3, 7—6, 6—3. it's a third title in this championship for the 31—year—old serb who defeated the 2009 champion juan martin del potro. the victory is a 14th grand slam title for djokovic and takes him 3rd on the all time list level with pete sampras. djokovic, who won wimbledon injuly, will climb to fourth in the world
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