tv Asia Business Report BBC News December 10, 2018 1:30am-1:45am GMT
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our top story: court documents released in canada show that the detained huawei executive meng wanzhou has asked for bail on the grounds that she is innocent, unwell, and won't flee the country. over a week after she was first detained in vancouver, the huawei chief financial office will be back in court later on monday for her bail application. a man has appeard in court in new zealand charged with murdering a british backpacker. on sunday, police investigating the murder of grace millane found a body on the outskirts of auckland. and this story is trending on bbc.com. manchester city striker raheem sterling has accused some british newspapers of fuelling racism with the way they portray young black footballers. sterling's comments came after he suffered alleged racist abuse during a match. that's all. stay with bbc world news. and the top story in the uk: theresa may has spoken to the irish prime minister, leo varadkar, as she tries to rally support for her brexit deal. she is under pressure from some conservative backbenchers to delay tuesday's parliamentary vote.
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now on bbc news, live to singapore for asia business report. protests a nd protests and parliamentary pressure, investors on uk watch as prime minister theresa may insist that tomorrow's brexit vote will go ahead. east asia in focus. a new world bank report highlights the region's economic success story as well as the challenges ahead. good morning and welcome to asia business report, live from singapore, with me, mariko oi. this week we are focusing on brexit, and the uk government has said the vote on the brexit plan will go ahead tomorrow despite a report it will be delayed.
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we will bring you the latest breaking news and market reaction to that developing story. also taking place on tuesday in the us, google‘s chief executive will be questioned by lawmakers. the last time he was invited, he didn't even show up, but he is likely to be quizzed about the firm's ambitions in china as well as the recent walkout over the treatment of female staff. market a nalyst treatment of female staff. market analystjim bailey told me what we should expect out of the uk this week ——jun should expect out of the uk this week —— jun bei should expect out of the uk this week ——jun bei liu. should expect out of the uk this week -- jun bei liu. this vote is being well watched by investors. if it doesn't go through it could well meana hard it doesn't go through it could well mean a hard brexit scenario, and what that means is that investors will price in some nasty scenarios for the economy as well as the scenario for the pound as well as implications for the rest of the world. what the vote does go ahead? do you see market reaction even
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then? look, it will go ahead, but if it gets approved, i think the market will be in the green for a few days to have a sigh of relief, as the opposite scenario of not going through with the vote will be quite nasty. so this will be the last catalyst, really, for investors looking ahead to the end of 2018. let's talk about google, now, because the last time the chief executive of google was summoned by us lawmakers he did not show up. what do you anticipate from this hearing? look what it will be a lot of discussion in terms of privacy, in terms of the reasons for not showing up, but one thing going forwards we do see, in 2019, it will bea forwards we do see, in 2019, it will be a tougher year for a lot of those tech companies, because just be a vast expansion into the global markets, as well as the interaction with the chinese government, will definitely be on the radar. that is
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where the lock of lawmakers around europe and the us. we see a tougher time ahead for those large tech companies. in other business news making headlines, china has demanded canada release the arrested huawei executive meng wa nzhou canada release the arrested huawei executive meng wanzhou or face consequences. they separately summoned the us and canadian ambassadors and issued a strong protest demanding her release. today marks the end of former nissan chairman carlos ghosn‘s arrest in tokyo. japanese media reports he might be rearrested or charged today. ridesharing firm uber has reportedly filed confidential paperwork for its public offering. it is racing with small rival lyft
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to be the first to market. the french finance minister has said the so—called yellow vest protest have been a catastrophe for the country's economy. it comes after four consecutive weekends of demonstrations against the fuel tax rises, high living costs as well as other issues. about 125,000 protesters took to the streets on saturday, with more than 1200 taken into custody. east asia is widely considered to be a development success considered to be a development success story. a report released this morning by the world bank shows that all ten countries in the region are now what the organisation classes as middle income economies. 0ur correspondent spoke to the co—author of the report about how far the country's have come as well as the challenges ahead. in terms of the changing world, what is changing is that trade is slowing, partly because of protectionism but also
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because of protectionism but also because of protectionism but also because of longer—term reasons. technologies are evolving very rapidly and within the countries themselves they have gotten richer. so the middle classes are growing, and that is changing the way in which they are governed. right, now you mention east asia, this includes china and many of the other southeast asian asean countries and it accounts for a third of global growth, orgdp, it accounts for a third of global growth, or gdp, according to your report, and you go on to say east asia continues to be a success tory when it comes to building a middle—class. but they are not yet as affluent as many in the west. why? well, because they started a long way back. so one of the things we do is we start by talking about how successful this region is, because that i think is something that one should not forget. 0ne should not forget that this is really the great development story of our times. these countries have
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gone, and in the report we show this, that of these ten countries, six of them, a quarter of them were —— a quarter of a century ago were low income economies. today all ten are middle income economies, ranging from malaysia at the top to cambodia and myanmar at the bottom but it is and myanmar at the bottom but it is a story of success. in the last 25 yea rs a story of success. in the last 25 years they have tripled their gdp in real terms. they have lifted over1 billion people out of extreme poverty in this period. but at the same time, as we say in the report, we shouldn't forget that they are developing countries. when japan's prime minister proposed a new law to accept more foreign workers it came asa accept more foreign workers it came as a big surprise. butjust before the parliament session wraps up later today, the country's lawmakers have passed the bill. the country is facing an ageing and is shrinking population which means an acute
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labour shortage. it is out estimated by2060 labour shortage. it is out estimated by 2060 japan will have 87 million people, down from today's 126 people, down from today's126 million, and the imf has warned this will cut the size of the country's economy by 25% by then. under the new law, the ministry ofjustice estimates up to 345,000 newcomers would arrive during the programme's first five years. there are currently 1.3 million foreign workers they are now. these would cover workers in 14 industries, including construction, agriculture and elderly care. our correspondent told me earlier how much support the move had in japan. amongst the population, a slim majority support it. but that is because it has been framed, as you just said, as not an immigration policy. the government has bent over backwards to actually emphasised, to avoid the migration
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word. so only by framing it is a sort of guest worker programme has it managed to get through. but there are so many it managed to get through. but there are so many problems, so many details which have not been presented yet. and one of those problems that the opposition has kept emphasising was the reported abuse and even death of some of the foreign trainees who came to japan over the last few years. how is the government going to ensure that that will not happen again? well, that is the problem with the current legislation. it is a very strange piece of legislation, being pushed through without the details, without specifics being detailed at all. there is very little information about how they will deal with this, they will deal with it later through ministerial ordinances. as you just mentioned, abuse is rampant in the trainee system, the technical intern system, and a lot of people saying this is just system, and a lot of people saying this isjust a system, and a lot of people saying this is just a formalisation of that system, lu collar workers are just going to be accepted but without the
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support programmes that they will need. and with those reports of abuse, as well as the fact they have to learn a brand—new language, japanese, do you think these blue—collar workers will want to come to japan? well, that is the big question, isn't it? the bill has been framed in such a way as to make workers feel unwelcome, it has been framed ina workers feel unwelcome, it has been framed in a way which says they will only stay here as long as the labour shortages are our ongoing. as soon as the labour shortages are solved, they are out, the visas are not extended. will that be attracted to a lot of —— attractive to a lot of people? especially looking at low wages, harassment stories and the com plete wages, harassment stories and the complete lack of japanese language support, all sorts of support network are insufficient at the moment because japan does not have a proper migration policy, so it is kind of a vicious circle, in a way. let's show you the market for we go, all markets now trading, and all in the red. they are taking their cue
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from wall street, concerns about the us- from wall street, concerns about the us — china trade war as well as the arrest of the huawei executive and a brexit vote tomorrow. wall street ended down by 2%, but i want to show you oil prices, because they rose higher on friday after 0pec members as well as allies like russia agreed to reduce output. the gains were capped by concerns that the cuts would not offset growing production. that's it for this edition of asia business report. thank you for watching. this is bbc news. the top stories this hour: china has summoned the american ambassador to demand the us authorities withdraw an arrest warrant for the top huawei executive, meng wa nzhou. a 26—year—old man has appeared in court in new zealand on charges of murdering the british backpacker grace millane. charlie rowley, one of the survivors of the salisbury novichok poisoning, says he is worried the substance will eventually kill him, and he is terrified for the future.
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he became ill along with his partner dawn sturgess, who later died, after coming into contact with the bottle containing the nerve agent used to attack sergei and julia skripal in march. our home affairs correspondent june kelly has more. it is six months since charlie rowley witnessed his partner dawn stu rgess collapse. she was convulsing and foaming at the mouth. i phoned 999. i was getting medical advice on how to revive her. you know, mouth—to—mouth. dawn sturgess had become an unintended victim of the nerve agent novichok. charlie rowley had found what he thought was a discarded bottle of perfume and given it to dawn. in fact, it contained the novichok, and she sprayed it on her wrist. just over a week later, she was dead. i felt that i'd poisoned my
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girlfriend, and that was the hardest thing to deal with. charlie rowley had also come into contact with the novichok, which was brought into the uk by russian intelligence agents. he was taken from his home in amesbury in wiltshire to salisbury district hospital. staff there saved his life. but he is now spoken to the sunday mirror newspaper of the damage the novichok has done to his health. my eyesight‘s still not right. my arm, i can't function properly. ijust feel a bit done in. i haven't gone completely blind. i was just seeing, like, double vision, which was confusing. it was worrying, and it was just confusing.
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plus, they were telling me that i had numerous strokes. and he is trying to go on while living with the loss of dawn. i dream about her often. all the time i dreamed about her. i wish it had been me that had died, than dawn. pregnant women and people over the age of 65 are being urged to get the flu jab. it's after a fall in take—up compared to this time last year. public health england says it's better to get the vaccine before christmas, before the flu virus starts to circulate. the mobile firm 02 says it will be seeking millions in damages from network operator ericsson. it follows last week's day—long outage, that meant millions of users couldn't access data on their phones. some reports suggest ericsson could face a bill, of £100 million. now on bbc news, sport today. hello, i'm sarah stone,
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and this is sport today, live from the bbc sport centre. coming up on this programme: river plate will be joining real madrid at the club world cup in abu dhabi after they beat boca juniors in the copa libertadores final. newcastle boss rafa benitez says the premier league needs video assistant referees immediately as his side lose to wolves and have a player sent off. and louis 0osthuizen won his first south african 0pen by a record—equalling six shots. hello there, and welcome along to the programme. we start with football, and the final of the copa libetardores. it was an incredible end to the match, in a game that took so long to finally take place and went through so much on the way.
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