tv Asia Business Report BBC News November 12, 2018 1:30am-1:45am GMT
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our top story: how to stop the spread of fake news — a major new season from the bbc joins the search for solutions. around the globe, misinformation has been seen to cause social and political harm, with people having less trust in the news, and in some cases being subjected to violence or death as a result. the leaders of france and germany have warned of the dangers posed by the resurgence of nationalism, on the hundredth anniversary of the end of the first world war. and this video is trending on bbc.com: it shows giant portraits of soldiers who died in world war one etched across uk beaches to mark 100 years since the conflict ended. the faces were later washed away by the incoming tide. that's all. stay with bbc world news. and the top story in the uk: the leading brexiteer, borisjohnson, has said the government is on the verge of total surrender in the brexit negotiations.
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in a column for tomorrow's daily telegraph, he urges the cabinet to mutiny. now on bbc news live to singapore for asia business report. 30 billion us dollarfrenzy. alibaba hits another retail high. and from bad boy to businessman, we catch up with celebrity chef marco buea light at this new singapore restaurant. good morning asia, hello world. it is monday, the start of a brand—new trading week. that is join us for another session of asia business report. we start with china's alibaba report. we start with china's aliba ba and it report. we start with china's alibaba and it pulled off a record $30 billion of sales on single
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state. the, strahan saw its sales reaches new high, but it's growth dropped to its lowest ever read. that is correct. we are seeing the same thing in the region, a slight dip in the total volume of sales. and it is still a large increase. we are talking about 237% increase competitive previous week. as the event that sure is, year after year, will its growth rate slowdown? adam king so. i think there are multiple factors that sure this will continue. 0ne factors that sure this will continue. one of the key point is that we are seeing more and more purchasers being done through applications. this you were to have 40% increase week on week in the application alone. the china continues to face new challenges. we have new arrivals in the e—commerce base. as slowing economy, the stock
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market dropping, and the trade war between the chinese and the americans. we will see this in southeast asia, they do consider this as relatively healthy as a situation, as an environment, white? because this ecosystem is made for the customers. the customers want to have more choices, they want to be to use multiple platforms and disasters. come out next black friday on cyber monday. will they do better than single state? that is the thing. i do see, anything that the thing. i do see, anything that the retailers are also seeing the same thing. we are seeing single day is just the transition out between 1010 and 12 world. and 1212 will be the biggest promotional period of the biggest promotional period of the year. this is the case last year. we will see an increase this year. we will see an increase this year as well. it has been a busy week of several major summits are under way and trade is going to be a major theme. first up, the leaders
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from the association of southeast asian nations are in singapore for their annual gathering. alongside that will be the east asia summit with china, the united states, russia attending. the regional conference of committee is high on the agenda. and then most leaders will be travelling to papua new guinea for the asia—pacific economic cooperation summit. and economists is that we'll all the different agreements be negated without the rest of the table, we clearly live in very interesting times. what we are seeing is that us policies have turned more inward looking and protectionist. meanwhile all this asian countries are highly expert oriented. so will be really interesting over the coming years. we will likely see a shift in the balance of economic power moving from the west to the east. but there are also overlapping countries here. for the cars at endycott rancid
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progressive trespasser partnership. with this overlap, will they become the mentri or will they be contending against each other? the asset is truly a specific agreement. while the cp dpp takes the west to the east, although it does not include economic giants like china and india. but it will further strengthen the original supply chains. but will the united states, when all is said and done to realise we had to be part of our sap, and pa rt we had to be part of our sap, and part of this new dpp, because they're not part of each one? part of this new dpp, because they're not part of each one ?m part of this new dpp, because they're not part of each one? it is a good point. i think with all this global trade tension, countries globally have realise it is very important to look for alternative markets and diversified piturie relationships. it is asean summit wiki and simple. and vladimir putin,
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the first visit to singapore, he will be part of the summit. what you think you will contribute in terms of trade and business between asean and russia ? of trade and business between asean and russia? on that front, will likely see further talks of a deeper integration and cooperation. in the countries will also let me talk about things like regional security, cybersecurity, countering terrorism, and so on. representatives of that these three russian banks operating in india are expected to meet executives from top indian backs today to discuss rupee ruble settlements. the two countries have been trying to establish mechanisms for trade in national currencies, bypassing the us dollar for about a decade. but there has been little progress. the bbc‘s business reporterjones us now live from our studios in delhi. why is there little progress in this russian indian foreign exchange alliance? first of all, it is quite a complex
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system. india and russia have trade worth about $10 billion, which is quite a little amount when it comes to trying to have a ruby— ruble exchange system between the two countries. the majority of to deal with. but as we have seen in the past by the us rhetoric against russia is growing, and there have been sanctions imposed against the deals that have been struck between china and india and russia. so india was she now go ahead and signed the deal. they have made a start in fact according to reports, 0rissa defence deal of s—400 new defence systems, signed in rubles, and that is a sign ofa signed in rubles, and that is a sign of a change. this will definitely bypassed the us dollar as a major foreign exchange system between the indians and the americans, and the russians and the americans? that is correct, because what russia is hoping for is that if the us
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rhetoric grows, then at least defence deals weatherzone allies will not be threatened. that is what the bankers today are hoping to find jimmy system with what could happen. devina gupta in delhi. it is widely known as original bad boy share. marco pierre white was the youngest to receive three michelin stars, only to return in four years later. let's see his story as he opened his restau ra nt let's see his story as he opened his restaurant in singapore. number one, it is an environment to use it in. the lighting, the eye must be used. number two, the service with a smile. number three, food to a good standard at a price point. it is remembered that we are not in the business of selling gastronomy. where in the business of selling a night out, in the business of selling fun. it is in when everywhere so hard and we have stress our life, we go to a
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restau ra nt stress our life, we go to a restaurant to relax, to have fun, to enjoy ourselves. i am a boy he was fuelled by histories, by his fantasies. when i came to english house, it was derelict. —— being a shout. we had a small piece of it. and so we replicated it. we brought in individuals who cradles her designs to paint it, the cornicing had all the cake. we took a piece off and repeated it. so wherever possible we replicated at. so it is about the sensitive. to me, the building dictated what we do. not what i do. it is that yin & yang all the way. the british here from while. you that influence. and so another combination of the finest singapore and then the finest of england. because winning three stars
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isa england. because winning three stars is a very exciting journey. retaining them is the most work to make boring journey a nerve. it really is. which now is very young when i won the three stars. so it allowed me to evolve and evolve into some meals. i like working with my team. unlike developing. 0ther creating. i suppose like expressing. i'm not in the business of selling lies, iam i'm not in the business of selling lies, i am in the business of selling honesty. and that is why get back my stars. i didn't want to live a lie and pretend they cook when i don't cook, to charge high prices. i am not in the kitchen. it could be selling which is very personal. and you have to be honest to your clients. it is as simple as that. celebre >> marco pierre white. we look at the markets, now. the first trading day on monday. —— celebrity chef,
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marco pierre white. thank you for investing a timeless. i'm rico hizon. sport today is coming up next. hello. iam ben bland. this hizon. sport today is coming up next. hello. i am ben bland. this is bbc news. the top stories this hour: as social media is blamed for a rise in violence around the world, the bbc pledges to be part of the fight against fake news — we'll bring you a month of special programmimg. the leaders of germany and france have warned of the dangers of a rising tide of nationalism, on the hundredth anniversary of the end of the first world war. back now to the armistice commemorations, and today's ceremonies were watched by people in cities and towns across the uk. in accrington in lancashire, the accrington pals were one of the first volunteer battalions formed, when the fighting began. they suffered serious casualties on the first day of the battle of the somme. adina campbell reports now
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on a town's sacrifice. with the rain beating down on one of lancashire's most imposing war memorials, hundreds of people young and old circled accrington cenotaph to remember lives lost. and, 100 years on from that first armistice day in 1918... taking shelter under a sea of umbrellas, side by side, this community paid its respects. last post sounds. it's absolutely fantastic, i'm glad i came. ijust feel really bad for the soldiers that died for us and i'm grateful. it's representing them and thanking them for what they did. we come from an army background, and my brother was killed in ireland when he was 21 years of age. and, forformer serviceman steve o'leary, today was even more poignant. i became aware of the significance
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of the losses in this town, and the accrington pals, and that interest grew throughout my military career, and it's only now, when i've got time, as a retired serviceman, that i can adequately honour them. the war dead have also been commemorated in church, overlooked by these tommy silhouettes, a symbol of remembrance. this is a community which suffered devastating losses. of the more than 1,000 men who enlisted and took part in a farewell service here in this church, more than 850 never returned. they made the ultimate sacrifice, a sacrifice this town says it will never forget. and tonight, accrington‘s story has been projected onto the market hall, a reminder of the town's past, honouring those who fought in the great war. adina campbell, bbc news, in accrington. cabinet ministers insist they remain
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optimistic that theresa may will get a brexit deal. the leader of the house of commons, andrea leadsom, said she did not expect any more ministerial resignations over theresa may's brexit strategy. the transport minister, jo johnson, stepped down on friday. now on bbc news, sport today. hello, i'm holly hamilton, and this is sport today, live from the bbc sport centre. coming up on this programme: back on top. city turn on the style to win the manchester derby. a furious max verstappen confronts esteban ocon after the two collide at the brazilian grand prix. and federerfalls in london, as the swiss is beaten by kei nishikori at the atp finals. hello and welcome to the programme.
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we begin with the premier league, and the first manchester derby of the season, where it was an emphatic win for manchester city. goals from david silva, sergio aguero and ilkay gundogan saw pep guardiola's side take a 3—1 victory over united, to put them back at the top of the table, while inflicting significant damage to jose mourinho's hopes of even finishing in the top four. the first half, we were not com pletely the first half, we were not completely satisfied.
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