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tv   Asia Business Report  BBC News  February 20, 2019 1:30am-1:46am GMT

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bbc news. welcome. you're watching bbc news. our top story. britain's revoked the citizenship of shamima begum, the london teenager who ran away at the age of 15 to join the islamic state group in syria. the family of ms begum say they are very disappointed by the decision, and are considering all legal avenues to challenge it. karl lagerfeld, a giant of the fashion world, has died at the age of 85. he'd been the creative director for chanel and fendi. and this video is trending on bbc.com... a close call for nhl commentator pierre mcguire when he almost got hit in the face with a puck during the game between tampa bay lightning and columbus bluejackets. luckily the discjust missed, hitting a tv camera, but no—one was harmed. that's all. stay with bbc world news. and the top story in the uk... the mp for enfield north — joan ryan — becomes the eighth to resign from the labour party, joining the new independent group in parliament.
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lots more on that story on our website. now on bbc news live to singapore for asia business report. no magical date. president trump hits increased tariffs. paying for the poppy business. how the australian farms to supply half of legal i'll are under pressure. that morning, and asia. hello, world. it is wednesday and glad you could join us is wednesday and glad you could join us for another inciting midweek edition of asia business report. i am rico hizon. we start the programme with the us— china trade dispute. president trump has
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reiterated the suggestion that he may not increase tariffs on chinese products on the ist of march. the reversal comes as the two company —— countries continue trade negotiations. in washington dc after it last week's discussions in china ended without a deal. michelle has the details from new york. trade talks between the world ‘s two largest economies are going well. that is the assessment of us president donald trump who says he is open to pushing back the deadline to co m plete is open to pushing back the deadline to complete negotiations, adding that march one is not a magical date. the us has already imposed ta riffs date. the us has already imposed tariffs on date. the us has already imposed ta riffs on $250 date. the us has already imposed tariffs on $250 billion worth of chinese goods. china has retaliated by imposing duties on $110 billion worth of us products. in december both countries agreed to halt new ta riffs both countries agreed to halt new tariffs for 90 days to allow for talks. the us has now said it will increase tariff rates on some $200 billion worth of chinese imports
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from 10% to 25%, if the two sides did not retake a deal by march one. separately there was a report from bloomberg suggesting that as part of any deal, the united states is now seeking to secure a pledge from china that it will not devalue its currency. most likely to prevent it from countering the impact of american tariffs. 0fficials from countering the impact of american tariffs. officials from the us and china are back at the negotiating table for a fresh round of talks. this time in washington, dc. in new york. let's turn our attention to china's blueprint to its own version of silicon valley, estimated to become a trillion dollar economy. there will be 1a bay area cities that will drive the region ‘s economic development. our business report it gave us the details. beijing has been talking about wanting to turn the area in southern china into a free welding
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business centre for decades now. it has just announced the latest plan. as you mentioned, it includes four main cities. is huge as you can see. the same size as croatia. it is home to nearly 17 million people. if it was a separate country, it would rank in the world ‘stop a separate country, it would rank in the world ‘s top 15 as well. the goal is to complete with places like silicon valley, seattle and new york. supporters of the plan say it went if hong kong a great opportunity as the territory faces a stag na nt opportunity as the territory faces a stagnant economy, but critics also say it is a reminder how beijing dangles economy goods to push its political agenda in territories it considers its own. the plan is also lacking any details and is merely symbolic. it is not expected to be completed by 2035. honda has
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confirmed it will shut down its uk car factory confirmed it will shut down its uk carfactory in confirmed it will shut down its uk car factory in 2021 with a loss of about 3500 jobs. there is 160,000 honda civics a year in swindon. it's only car facility honda civics a year in swindon. it's only carfacility in honda civics a year in swindon. it's only car facility in the eu. a report from tokyo, experts say the move was given by both the transformation of the motor industry and brexit. no one likes delivering bad news. and honda's ceo is no exception. after a prolonged explanation of the challenges facing honda, he finally got to this crucial line. translation: we will begin consultation with employees in a direction towards discontinuing automobile production and honda uk
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manufacturing in 2021. in other words honda's uk plant is shutting down into years' time. his explanation was long and renovate. essentially it comes down to this. does not sell enough carts in europe to justify having a big part in britain any more. instead it wants to concentrate its production in places where it does sell a lot of ca rs. places where it does sell a lot of cars. that means the united states, here injapan and increasingly in china. but why do it now? one reason is the need to invest huge amounts and new electric technology. the other according to some here, is brexit. sort of like a canary in a coal mine, if it is the weaker entity there. simply the business environment with the risk of a heart of brexit has become too toxic to continue to participate there. they finally make the decision to close it. toyota's plant in derby is also producing far below its capacity.
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therefore it is also risk. but christopher ristic —— thinks even the bigger point and sentiment is vulnerable to a mobile brexit. they still have the smaller suv there. there certainly going to let it run out the production on this iteration of the model. but i think it would be really ha rd of the model. but i think it would be really hard to imagine that they continue for another iteration, if we have the kind of heart brexit10% tariff, barriers at the border and very toxic for business environment. in the 1980s honda arrived in britain helping to conquer the european car market. that did not happen. now after 30 years, he is going on. bbc news in tokyo. staying with japan. the country's exports fell by 8.4% in january. with japan. the country's exports fell by 8.4% injanuary. from the same time last year. it is the biggest drop in more than two years.
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economies see the file as a sign of external demand. that helped widen the trait epithet of the world ‘s third—biggest economy. the world ‘s biggest mining firm reporting a drop in first half 2019 profits. that is asa in first half 2019 profits. that is as a decline in earnings and a series of output disruptions boost costs a nd series of output disruptions boost costs and results in missed opportunities for cost savings. it isa opportunities for cost savings. it is a secretive industry that impacts the lives of millions of people every day. few of us ever consider where painkilling drugs come from. the australian island of tasmania is responsible for going around half of the globe ‘s legal open supply. but it is an industry feeling pain of its own. it is one of australia's best—kept secrets. a global drug supply that blossoms and blooms, and
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the tasmanian hills. for this farmer, growing opium poppies has helped double the income of his business, giving him money to invest in sheep and crops. it is an intensive process. injust a in sheep and crops. it is an intensive process. in just a few months, the seed pods from this are processed into painkilling, opiate drugs used around the world. kind of don't realise the global reach of a leader. you kind of point out that it is in the pain relief, when you break yourarm, your it is in the pain relief, when you break your arm, your in—hospital drugged up. that demand has led to growth, from just a few tasmanian p°ppy growth, from just a few tasmanian poppy farmers in the 1970s to nearly 900 at its peak a few years ago. in just a couple of decades, this has become a multi—million dollar business that has proved profitable for this little island. like any global trade, it is vulnerable to
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changes in the market on the other side of the world. america ‘s opioid crisis has made international headlines. in the us alone, painkilling drugs are linked to 140 overdose deaths every day. since 2013, prescription race there have been cut back a year on year causing demand for the drug to drop. after poppies, we climbed the panic happened. scott had been growing poppies in this field for over 30 yea rs, poppies in this field for over 30 years, but this year he decided not to sell. he is among hundreds of farmers in tasmania to opt out. we did have a 25% price drop last year. everybody is hoping for an increase in price because of the risk involved. we have been writing the ups and downs, but as commodities are going, if we don't have the ups and a certain amount, then wejust give upi and a certain amount, then wejust give up i guess. there are still plenty of farmers here looking to
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find profit in poppies. hoping the pain their industry has been feeling it will soon pass. let's have a quick look at the asian markets. most of them are in positive territory. this is after wall street looked in positive territory on tuesday. that is half a presidents' day holiday. upbeat results from walmart. positive discussions from the us— china trade talks. thank you for investing your time with us. bye for investing your time with us. bye for now. the top stories this hour. the british government is stripping the citizenship of shamima begum, who left britain at the age of 15
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to join the islamic state group. the catholic church in india has been hit by allegations of sexual abuse, after a nun accused a bishop of raping her. the bishop denies the allegations. latest figures show record numbers of people are in work in the uk, and job vacancies are at their highest level ever. the office for national statistics says average earnings rose by nearly three 3.5%, between october and december, and there's been a drop in workers from many eastern european countries. 0ur economics correspondent, andy verity reports. firms like this buckinghamshire maker of bifold doors and windows are under growing pressure to raise pay. it's expanded its sales fourfold in the last five years, and it's counted on eu labour to do that. nearly 70% in this room are from eastern europe. but now that trend has gone into reverse, it's having to pay more, especially for its most skilled staff. when we look at the market value of these people, whereas three or four years ago the market value might have been 30,000, it's like 45,000 now. and we're not prepared to, after we've invested in people, after they know our product, five years' experience
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with the company, we're not prepared to lose these people. so we've had to consider making extremely large pay rises just to keep pace with the economy round here. over 2018, the average wage rose by 3.4% — the biggest pay rise for a decade. and the number of uk nationals withjobs rose by 372,000. that's in contrast to workers from the eight countries that joined the eu in 2004, from poland to the baltic states, where numbers are now down 184,000 from the peak. the workers at this firm have no plans to leave, but they think they know why others are leaving. the situation changed massively over the past ten years, actually. so, there's morejob opportunity, the economy is stronger back home, the unemployment is low. the positions are better paid these days. so it's sort of better, the countries are in better positions. i think they're a little bit scared
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as to what's going to be happening with no deal and how that's causing all the rising up the prices of the products and stuff like that. many people from the so—called eu eight countries thatjoined the eu in 2004 now have settled lives here — families, homes. but for those who are weighing up staying or leaving, the equation has changed. there's no longer such a gap between living standards here and living standards in poland or the czech republic. to keep inflation—beating pay rises going, companies need to make more money per worker an hour to boost productivity. at the end of 2018, say the official figures, productivity fell. andy verity, bbc news, buckinghamshire. that it for me. i'm available on social media. now it is time for sport today.
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hello, i'm tulsen tollett, and this is sport today, live from the bbc sport centre. coming up on this programme... plenty of chances but it finished goalless between liverpool and bayern munich in the first leg of their last 16 champions league match. and it's stalemate in france as well with lyon and barcelona also failing to find the net despite the catalans having 25 attempts. and naomi 0saka loses herfirst match since becoming world number one and splitting with her coach. hello, and welcome to the programme where we start with the last 16 in the champions league which saw two more first leg ties take place on tuesday. at anfield, liverpool and bayern munich — who've each won the trophy five times — played out a 0—0 draw. 0ur senior football reporter ian dennis reports. a disappointing contact with chantix and

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