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tv   Asia Business Report  BBC News  October 22, 2018 1:30am-1:46am BST

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to thousands of survivors of child sex abuse. in a speech in parliament, scott morrison also announced measures to better protect children. he said australia as a nation had failed to listen, to believe and to provide justice. saudi arabia's foreign minister has described the killing of the journalist jamal khashoggi as murder. but he insisted it was not ordered by the crown prince. and this video is trending on bbc dot com. the duchess of sussex is cutting back on her busy schedule on her royal tour of australia with prince harry after reportedly suffering from tiredness due to her pregnancy. monday's planned engagements include a visit to lake mckenzie and a walkabout on the kingfisher bay. stay with bbc world news. and the top story in the uk: theresa may writes in the sun that the brexit finish line is in sight. earlier, the brexit secretary dominic raab said conservative mps should
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‘hold their nerve‘ over negotiations with the eu and play for the team. saudi arabia says it made a huge and grave mistake in the killing of journalists. and canada host a meeting on ways to reform the organisation, but without the us or china at the table. good morning and welcome to asia business report, live from singapore. investors are keeping an eye on it this week and more than $1 billion in the last week. it is one of the biggest sell—outs since the
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market opened in 2015. investors we re market opened in 2015. investors were really rattled by the deteriorating relations following the death of the journalists. over the death of the journalists. over the weekend they said that he died inafight the weekend they said that he died in a fight inside the consulate. and that 18 people implicated in his death it will be punished. but before the announcement, dozens of business leaders and foreign officials pulled out of a saudi conference, referred to as, they are spoke to the american cable network and he admitted to the first time, that his death was a murder. obviously it was a mistake made and with compounded it was that they covered it up. that is unacceptable for government. these things u nfortu nately for government. these things unfortunately happen, it has been very clear that we will leave no stone unturned. and we believe that
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once the investigation is over and the facts are revealed that people will know who's responsible and those be punished. two biggest economies are locked in a trade war, but guess what? china and the us are not invited to this week's meeting of the trade organisation, hosted by canada. a high level about performing the wto and everyone else is attending, including trade ministers from brazil, mexico, new zealand, switzerland, singapore as well as australia, japan, south korea norway and the european union. but the organisation is limited in its discussions without the worlds two biggest economies at the table. it is really key, the fact that what is really putting markets down are causing volatility is the ongoing escalation talks between the chinese
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and the americans. so what is more important is that the end of november, the june 20 important is that the end of november, thejune 20 meeting where they will be meeting directly, and likely that resolution between the two countries could occur is most of what we will see at the wto meeting without the us and china being present. the us has long been critical about china using the wto is somewhat of an excuse, to you agree with their criticism? again, this body, this institutional body, you can understand the purpose of having it. only look at the dispute between the us against china and what's happening in terms of the resolution between these disputes, it's probably direct contact or communication between countries are between governments, is really the most important step in terms of resolving the ongoing tensions that the world is facing in this department. is there anything that the wto can do to, build up its
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reputation as the global trade organisation body? it is about the reforms and about the process that it takes, especially when we come to this panel. again, without having the us and china present this week, it is hard to see anything concrete could occur and that is like you going to the fact that it is likely that better resolution is going to come between the united states and china in their own discussions at some point in time. able to speak to me earlierfrom hong kong, streaming live events is a feature that many of us have grown to rely on. but not that long ago, a software company used by technical giants like facebook, twitter and skype chat is 110w facebook, twitter and skype chat is now tapping into asia's growing market. the chief executive is chiming in on the competition.“
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you look at the video production industry, there are components that are disc traditional and theyjust hardware and sidelight sandboxes —— satellites and boxes. this could be ona satellites and boxes. this could be on a cloud seek to be on any device anywhere in the world and have access to all your content. creating access to all your content. creating a new experience. new participation elements and also, create different types of content for audiences depending on how they are viewing it. you work with broadcasters and all kinds of forms from sports entertainment, what is the most—watched event yet? entertainment, what is the most-watched event yet? specific clips that i remember which was a real bonding mode for the business, was back in 2015, we were working with wimbledon, for the championships, there was a moment where a ball was deflected in the fourth round game, up into the air, it was caught in the royal box. it was viewed more than 10 million
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times and am under 2a hours, was a great example of a piece of content which, that is not why you signed up to watch television, but that moment distributed on social media had a huge value for the cloud and it showed that there is much more to content distribution that just showed that there is much more to content distribution thatjust11. do you find that they have different demands in terms of these streaming services? yes, in chart form, real—time video clip distribution is a focus here in asia and i would include australia within that as compared to maybe the us which is a lot more focused on live streaming of live productions now. so if you look at the journey of the evolution of these periods is that the market in one or two years ahead of the rest of the world, and right now, missing some of the services being
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deployed in europe and north america over the next two or three years, being picked up by sports organisations in this region. let's not talk about airlines because there's been a fair bit of turbulence lately, rising fuel prices and a number of carriers have gone bankrupt. irish carrier ryanair will be releasing earnings this week, aviation says will be a tale of two different airlines. ryanair is in the set by strikes and the knowledge that a lot has gone wrong. have been having quite a stellar run and that will hope to continue having said that, it's looking stronger and business is doing well. any cash cow domestic business continues to grow and of course they're managing continues to grow and of course they‘ re managing to continues to grow and of course they're managing to make sure that it is not going too far ahead of
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demand, so really i think we'll see a lot of contrast between the two. it's not just rya nair, a lot of contrast between the two. it's notjust ryanair, is it? there've been a few budget carriers filing for bankruptcy. what are they doing right and what are the other ones doing? is assume the bankruptcies ones doing? is assume the ba nkru ptcies recently of ones doing? is assume the bankruptcies recently of cobalt in and that is to skidding into the wrong markets at the wrong time, they were focused on the atlantic, trying to build up a budget network there by comparison, it is a legacy, they have gone through a massive transformation programme that stripping millions of their business and they are on a new paradigm now and they are on a new paradigm now and they're and they are on a new paradigm now and they‘ re really and they are on a new paradigm now and they're really focused on things like nonstop london roots. and another business news, making headlines this news is howdy has its first electric sports car will be delayed by a month as it waits for approvalfor a new delayed by a month as it waits for approval for a new piece delayed by a month as it waits for
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approvalfor a new piece of software. the german car—maker is saying that a stagy global launch —— staged a global launch is part of its effort to expand the market for electric vehicles. he was a quick look at a few other things that we are keeping an eye on this week on thursday, we are expecting a slew of tech earnings from amazon, twitter all scheduled to release their quarterly report cards. and they will be releasing their results as well and on the economic front, south korea will be releasing quarterly growth figures in the morning. and rounding off the week, the reading of the gdp which will offer more clues onto which the u s reserve is going to be leaning towards an interest rates. a busy time for the end of the week. before we go, i want to market because they
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have reopened for the week and is extending its losses yet again. that is after we had a really rough week in the us as well as asia about concerns of a higher rate and the us as well as that trade war that we keep talking about between the us and china. of course will be monitoring amazon and shares —— microsoft shares later this week. and some were the stocks at the lowest in four years, china has surged after new measures. this is bbc news the top stories this hour. and australia's prime minister has issued a national apology to thousands of survivors of institutional child abuse. saudi arabia's foreign minister has described the killing
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of journalist jamal khashoggi as murder, but insisted his death was the result of a ‘rogue operation‘. the brexit secretary has urged tory mps to ‘play for the team‘. he said jitters are understandable at this stage of the eu negotiations, but said they should hold their nerve. chris mason reports. chanting: what do we want? people's vote! when do we want it? now! a day on from this — hundreds of thousands of marchers demanded another referendum on brexit — today, it‘s back to the political slog of trying to reach a deal with the european union. and a slog accompanied by a noisy soundtrack of grumbles from the conservative backbenchers. so, the brexit secretary pleads... it‘s understandable that there are jitters on all sides of this debate. we need to hold our nerve. the end is in sight
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in terms of a good deal. the prize that we want — a good deal with eu. and those jitters go something like this when you stare across the channel. this withdrawal agreement is almost ready, but we still have to fix the question of the irish border. and we have to have a definitive answer, or at least no temporary measures which disappear and we don‘t know what to do after that. the current plan if there‘s a withdrawal agreement with brussels is for a transition period after brexit lasting until the end of 2020. but, the government accepts that might now have to be longer, as it thrashes around for a plan it and the eu can live with to keep the border with ireland open. ministers are suggesting a so—called backstop, where all of the uk stays in a customs arrangement with the eu until the government decides not to. but that, mr raab said, could come after an extension to the transition period of three months or so. it‘s an obvious possible route.
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but as long as it‘s short, perhaps a few months, and, secondly, that we know how we get out of it. and obviously it has the solve the backstop issue so that that falls away then as a possibility. if a deal is done with the eu, it‘ll need to be approved by parliament. and given some on her own side don‘t like what‘s being cooked up by the government, the prime minister might need some labour mps to vote for it. but... we‘re not going to accept that this argument that it‘s either my deal or no deal, because on that logic, you would be putting to me that the labour party should back anything that the prime minister brings back. and the slog continues. and it gets noisier by the week. now on bbc news sport today champagne on ice, just misses out on
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the fifth formula 1 title at the us grand prix. he does win his fifth title with victory injapan, and but celebrations in dislocated shoulder later afterward. in the milan derby, coming out on top thanks to will late shrike. so the wait goes on for lewis hamilton, and still next week and at least after he just missed out on clenching his fifth formula 1 title, he finished third in a thrilling race, but as far as that is the need to be, who was fourth,

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