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tv   Asia Business Report  BBC News  February 18, 2019 1:30am-1:46am GMT

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islamic state members on trial. reports from syria sayjihadists are blocking roads out of the last islamic state stronghold. venezuela's self—declared interim leader, juan guaido, is calling for people to cross borders and bring humanitarian aid into the country next week. and this story is raising the odd smile, and eyebrows, on bbc.com. around 10,000 near—naked men injapan, are taking part in a 500—year—old festival. they have to find sticks called "shingi" which are thrown into the crowd. those who grab one are believed to be the luckiest men of the year. that's all. stay with bbc world news. and the top story in the uk... shamima begum, the teenager from east london who ran away to join the islamic state group four years ago, has said she thinks people should have sympathy for her. now on bbc news live to singapore
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for asia business report. crunch time in washington. trade negotiations between china and the us are set to continue this week as very difficult issues remain. work life and a woman 0nyx. how one japanese company is helping mums balance their childcare needs as they returned to theirjob. —— woman economics. hello and welcome to this monday edition of asia business report. crunch talks between the us and china are set to continue in washington this week and that is after negotiations in beijing last week broke up without a deal with
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the trump administration warning that quote very difficult issues remain unresolved. now this latest front of high—level meetings, as the worlds two biggest economies attempt to secure a deal before for the worlds two biggest economies attempt to secure a deal before further us ta riffs to secure a deal before further us tariffs are in our analyst gave us an analyst of our talks. details we re an analyst of our talks. details were pretty light but the markets have taken a lot of optimism from the talks last week and given there isa the talks last week and given there is a lot of positivity emanating from both sides, the chinese leader and president donald trump have said the import of progress was made in the import of progress was made in the talks were productive, which i think is where the market is garnering a lot of this optimism from come however this was contrasted with the us official statement which stated that much work remains, which i think is probably the immortal representation of what is actually going on behind the scenes as we did hear reports from people that were close with the matters that there was still in a
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lot of work that remained on bringing the chinese side closer towards those structural issues in the deeper issues like state subsidies and the structural reforms for the chinese economy and the protection of intellectual property. which i think we are really waiting to hear news on. indeed, all of that work remains unresolved, they are trying to hash it out this week so what impact will this have on the markets which as you say has been the boy hit on the news that these talks have supposedly been going well? -- buoyant. quite important right now to remember that at the moment, there is no deal. and the longer these negotiations dragged on, the more vulnerable this rally will be to failing given that it is really predicated on optimism alone, so really predicated on optimism alone, so that can just switch to pessimism as quickly on a negative headline but we have this optimistic tone residing from both leaders which show us that there is momentum there
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to keep negotiations going and to try and reach a deal. we also had president trump again of reinstating over the weekend that he would be happy to remove all the existing ta riffs happy to remove all the existing tariffs they were to reach a deal, and that as well if he does feel they are making progress on those deeper issues like structural reform and state subsidies come he would be prepared to extend that one deadline by 60 days. —— that march one. prepared to extend that one deadline by 60 days. -- that march one. ndi has said it will ensure that quote com plete has said it will ensure that quote complete isolation of pakistan has at the limit after a suicide bomber kills 56 paramilitary police in india. the worst attack in three decades. after a closer look at what this means for current ties between india and pakistan, arc bbc correspondentjoins us. have we heard anything more than the leigh from the prime minister of cosmic administration? there is an effort to build international pressure on pakistan because they believe that it is pakistan is harbouring
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terrorists that were behind the attack and the india minister unsecured forces, but the magnificent billy mack significant expense of the news is on the trade ties with with the two countries. india has to remove pakistan from the most favourite and nationless which means that the goods coming from pakistan now will face a higher terror. india has imposed about 200% high tariffs which will impact about $490 high tariffs which will impact about m90 million worth of goods. —— higher terror. mainly these are minerals, fruits, and edible oils. now this also will lead to not only increase in prices for these goods in india, but will also encourage informal trade routes to uae and singapore. interesting because we keep talking about the us china trade war but might this lead to a trade war but might this lead to a trade war but might this lead to a trade war between india and pakistan and will pakistan retaliate with their own duties on indian goods?
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and will pakistan retaliate with their own duties on indian goodwm far, pakistan has not commented on the india tariffs hike but if it does retaliate, it will not be beneficial for india because unlike pakistan, india is exporting more goods to pakistan to the tune of about $2 billion and that is caught organic chemicals and plastic and that will hurt indian industries here. thank you forjoining us. in other news making business headlines, a visit to china by the uk pass chancellor has been caught off amid reports a speech by braden cosmic defence secretary angered beijing and there were plans for trade talk between philip hammond and single chinese government figures during the brief visit this week. our sugar trade minister has said his country is ready to sign a fast—track trade agreement. —— the australian trade minister. speaking
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come he poured cold water on britain cosmic ambition to join the trans—pacific partnership. cosmic ambition to join the tra ns—pacific partnership. the british government has reportedly decided that it can mitigate the risk arising from the use of huawei equipment and five labour network. that is according to the financial times which cited sources familiar with the conclusion of the uk national cybersecurity centre. such a decision would it be a serious blow to us efforts to persuade its allies to ban the chinese giant from high—speed telecom systems. now japan pass government has been encouraging more mothers to go back to work under a policy note as woman economics and that is led to higher demand for childcare facility. in the last instalment of our work life japan series, they visited one company that is helping to fulfil that need. lying is a company known to be friendly to working parents. ——
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line. the average age of employees is m and nearly half of them are women. to attract and retain them, the company recently opened an on—site nursery 38—year—old has been with the company for over five years and she did not want to give up her career when she gave birth to her son two years ago. the nursery operates from 9am to 9pm for supper way past office hours. and it is heavily subsidized by the company. this allows her to spend time with her son during lunch breaks. having childcare break seems like a
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perfect solution, doesn't it? you might be thinking though this is not that unusual but actually, here in japan, this company is one of very few that offers it. prime minister shinzo abe has made his woman womenomics, a policy to encourage more women to work as a priority. he wa nts more women to work as a priority. he wants companies to be more accommodating to with the limit working with this by allowing flexible working hours. and to see more leadership positions to be filled by women. and things are slowly changing. but with an increase in the number of working mothers, japan now faces a chronic lack of child care facilities. it is the end of another work they in future just to pick up her son at seven p: m. . future just to pick up her son at seven p:m.. like most office workers here, she used to work at a very long hour come often till midnight. but since she gave birth, the company has allowed her to move to
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more flexible hours. manyjapanese women still face significant challenges, but the countries labour shortage has left no choice for some companies to be more accommodating to working mothers. before we go, a recap of our top story this morning. that is the crunch talks between the us and china which are set to continue in washington this week. and that is after negotiations in beijing last week broke up with that idea with the trump administration warning that very difficult issues remain unresolved. 0f warning that very difficult issues remain unresolved. of course i'll talk will continue to influence where markets had this week. at the moment, they are all doing spectacularly well taking their cues from wall street which also rose on friday. that is really due to optimism that the talks between the us and china are progressing. this is at the highest level since 2019.
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we also see australian markets really rising as oil and resource stocks again because oil prices as well are at a 2019 hybrid i mentioned wall street, this is how they ended last week and i keep saying, all eyes are on those talks between china and the us and that will continue to influence what the markets do this week. that is it for this addition. thank you for watching. —— this edition. this is bbc news. our main story this hour: donald trump calls on world leaders to take back members of the so—called islamic state — and put them on trial. theresa may has written to conservative mps urging them to unite behind a brexit deal. efforts will resume on monday to persuade the eu to agree changes to the insurance policy to prevent a hard border with ireland.
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here's our political correspondent, ben wright. the lobbying of eu leaders will continue apace this week as theresa may tries to deliver on her pledge to secure legally binding changes to the irish backstop, the most contentious part of the brexit deal, there to ensure no hard border on the island of ireland. but today one cabinet minister said changes could be made without reopening the whole agreement. if there are other ways of doing it that are just as effective, that perhaps we haven't explored... so you think a legal letter or codicil or something... ? well, as i say, i don't think it's the mechanism that matters, it's the objective. but something like an extra document bolted onto the withdrawal agreement is unlikely to be enough for backbench tory brexiteers. they want the deal rewritten and the backstop ditched altogether. well, the european union has said that it won't reopen negotiations at all, but that is what you would expect them to be saying until the government goes with a very firm plan.
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i think the ball is in the government's court. the ayes to the right 258, the noes to the left 303. last week, divisions in the tory party were on full display when the prime minister lost another big vote on her brexit strategy. last night, she wrote to all tory mps appealing for unity, asking them to put personal preferences aside for the national interest. labour has divisions too, and today there was this appeal from the leadership to mps thinking of quitting the party. we're holding the party together on brexit. those who are saying, "well, we'll split if we don't get a people's vote," well, we've still kept that option on the table, it might come about, why split over that? meanwhile, businesses watch the political limbo with alarm. what we're concerned about is the prospects of a no—deal. there's no such thing as a managed no—deal. it's absolutely catastrophic for us. the prime minister's missive to her warring party warns that a no—deal brexit will disrupt the economy and damage jobs.
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and it is the default position if parliament doesn't approve a deal by the end of march. but will theresa may really let that happen? it's one of the biggest unknowns in this crisis. what is clear is that soon some mps, maybe even some ministers, will try again to shut down the option of a no—deal brexit and force an extension to the brexit talks if the prime minister can't get a deal through. and today, president macron echoed what other eu leaders have said all along — the withdrawal deal is not renegotiable. this week, again, the prime minister's room to manoeuvre looks very tight. ben wright, bbc news. now on bbc news sport today with marc edwards. hello. this is sport today, live from the bbc sport centre. coming up on this programme...
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it's a record equalling gold for marcel hirscher in what could be his last world championships. ramos sees red as real lose ground in la liga's title race with a home defeat to girona. the sweet taste of victory,gael monfils winds his first tournament in over a year with victory in rotterdam. hello and thanks for joining us on sport today. could this be the perfect ending to a stellar career? the austrian marcel hirscher said this year's world championships might be his last. in which case, he's gone out with a bang. he won the final event of this year's games in sweden by taking gold in the men's slalom — and that was a record—equalling seventh world title. nick parrot reports... if you want to see a master

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