tv Asia Business Report BBC News February 26, 2019 1:30am-1:46am GMT
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summit with north korea's kim jong—un. the two men will meet on wednesday, with washington wanting pyongyang to restate its commitment to denuclearisation. before he left, mr trump said he expected it would be a very tremendous summit. australian priest cardinal george pell has been found guilty of assaulting two boys in the 1990s. he was actually convicted in december last year, but the judge has onlyjust lifted reporting restrictions. and a night of surprises at the oscars is still doing well our website. best film went to green book, the story of a black pianist and his white chauffeur‘s journey through america's deep south. olivia colman won best actress for her role in the period drama the favourite. that's all. stay with bbc news. and the top story in the uk: labour says it will back another eu
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referendum if its own brexit plans are rejected in the commons on wednesday. jeremy corbyn wants the uk to remain in the customs union. now on bbc news, live to singapore for asia business report. north korean leader kimjong—un has arrived in vietnam for a summit with president trump, but how worthy is north korea as an investment destination? in trouble again with the regulators, elon musk is accused of breaching a deal with the securities and exchange commission which is demanding he be held for contempt. good morning, everyone, glad you could join us for this edition of asia business report, i'm rico hizon. we start off with the
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north korean leader, kimjong—un, who has arrived in vietnam ahead of his summit with donald trump. he arrived at dong dang train station around 15 minutes ago. from there, he boarded a vehicle which will now ta ke he boarded a vehicle which will now take him to hanoi. it is a 160 kilometres journey by road. well, the us president will be arriving later today in hanoi, and he will be telling the north korean leader that his country could enjoy the economic transformation scene by vietnam over the last 30 years. well, despite an optimistic message, a new report ra nks optimistic message, a new report ranks north korea as the world's least investable country, and that is behind failed states and war—torn countries such as somalia, yemen, south sudan and syria. well, north korea was described in the research asa korea was described in the research as a responsible investor's worst
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nightmare. earlier i spoke with a correspondent and asked him why is north korea so i'm investable? correspondent and asked him why is north korea so i'm investable7m correspondent and asked him why is north korea so i'm investable? it is the conflict, so what we looked at in this report is six dimensions of invest ability —— uninvestible. this ranges from civil rights, human rights, respect for property rights, corporate governance, et cetera. and north korea is the worst performer in all of these indicators. it actually makes it the world's most hostile investment destination. when we look, for example, at second—ranked stone at somalia, it isa second—ranked stone at somalia, it is a country which is war—torn, it is a country which is war—torn, it is an incredibly difficult place to operate in because of security reasons, but leaving that aside, it isa reasons, but leaving that aside, it is a country that is open to foreign investment. indeed, there have been turkish companies, for example, in the somali diaspora, which have been met with some success. 0n the other hand, north korea could potentially
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emulate the vietnam model. are there any similarities between vietnam, more than 30 or a0 years ago, to what north korea can be? we would be a bit hesitant to make that comparison. there are a number of reasons, the most obvious one is that north korea the proof is always in the pudding. kim jong—un's father travelled to china, he went to shanghai, they were very large expectations that north korea, following those trips, was going to open up in the same way that china did. that simply didn't happen. there were some attempts, some failed, some really not attempts, hardly, so we would be hesitant to say that kim jong—un is going to spend a few days in hanoi, is going to come back and is going to suddenly transformed north korea. us regulator has asked the judge to hold elon musk in contempt, saying elon musk has broken his agreement to no longer tweet information hinting at the company's performance. so we remember that deal last year when elon musk posted a joke about potentially taking
quote
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tesla private, taking it off the stock market. he said it was a joke that move the markets, it made tesla stock go up and because of that he was punished by the sec, the securities and exchange commission, because they said that was against their roles for a public company. pa rt their roles for a public company. part of that punishment he had to pay $20 million, he had to step down as chairman of tesla, and the third thing he had to do was from then on get prior approval everytime he wa nted get prior approval everytime he wanted to tweet something about the company that could have an effect on their stock price. and now the sec says that on 19 february, just after 7pm in the evening new york time, he tweeted that tesla will make about 500,000 cars in 2019. the company has admitted, the sec say, that elon musk did not get approval before he sent that tweet, and now, that is why the sec thinks he has broken his court order, this agreement to no longer share that kind of
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information without getting approval from the financial bosses at tesla. so once again, elon musk has found himself tweeting his way into a lot of trouble. the next generation of mobile phone technology, 5g, promises much faster downloads. it was the main buzz at the industry eventin was the main buzz at the industry event in barcelona. 0ur was the main buzz at the industry event in barcelona. our technology correspondent has more. 5g, the future of faster, more efficient mobile connections. it is ever wear at this show, even though it won't arrive until late this year at the earliest. but what will it mean in practice? the skyship is an aerial drone powered by 5g. there is a 5g controller in the skyship, and it basically controls the drones, so it drops drones down to take video of anything underneath. and that would not be possible with ag? absolutely not, you won't get the quality of the video, you need to ground control. all sorts of everyday objects will be connected via 5g. so
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one use of this 5g car, i can download an ultra—high—definition ak movie on the move. but there are also some safety features built into the car. in this part of barcelona, there is an experimental 5g network, and sensors have been fitted to traffic lights, and even a bicycle, sending warning alerts to the car at high speed. game is also are promised a better experience on the move. another big advantage of 5g is low latency. that means the length of time between me pressing a button and something happening, and it is much, much smaller on 5g compared to ag. and that means cloud gaming, where all the data is held off your machine, in the cloud, is a lot better and a lot easier. let's have a look. every movement i make is translated in the virtual world far more smoothly than it would be over ag network. but, even as the mobile
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operators prepared to give us 5g, they admit they can't predict how we will use it. ag was a great moment in mobile, we saw the likes of netflix and facebook really kickstart their growth with a faster, better network experience. we don't yet know what the killer applications are going to be, but there is no doubt everytime we roll out faster networks, new services are created, and that is the exciting thing. one thing is for sure, a mobile networks are getting ever more crowded. the hope is that sg ever more crowded. the hope is that 5g will help relieve the congestion. a favourite breakfast, smashing avocado on toast, has become both a global phenomenon and a millennial cliche. it is also a sign of the growing popularity of australian food culture —— smashed avocado. this chef has been credited with being the first to serve the dish backin being the first to serve the dish back in 1993. in this year's look at food empires around the asia—pacific, we focus on a
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brea kfast asia—pacific, we focus on a breakfast king from down under. people speak of, you know, what we have done as being the godfather of the australian style of food, blue skies, the surf culture, the outdoors, and i really wanted to celebrate what was quintessentially australian. i've been credited with inventing a couple of things. one i am sure that, the ricotta hotcakes with honeycomb butter are definitely my invention. the other one is avocado toast. while flattering, i am sure someone toast. while flattering, i am sure someone else put toast and avocado together before me, but maybe i was the first one to put it on a menu and the first one to put it in a book, so maybe it wasjust a bit of luck. but who would have thought, avocado toast! my my grandfather had set up something that all of his grandchildren could
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borrow $20,000 australian to start doing business. and it was the best thing that could have happened, because when you are young, you can't get finance the business, you know, and capital is your hardest thing to get hold of. when i was an art student, i took a gap year, and during that time i came and spent four months injapan. from those early days, japanese food has always been hugely influential to me. i don't know how that happened, i have done all these extraordinary things just from liking to cook pa nca kes things just from liking to cook pancakes and scrambled eggs, which is pretty amazing. i think what people love about it is it is less ofa people love about it is it is less of a commitment than dinner. it is a way to relax, unwind, have a copy,
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catch up on e—mails, and i think thatis catch up on e—mails, and i think that is why breakfast has become such a big trend around the world. foodie empires, and reckless king from down under bill granger. let's have a quick look now at the markets. as you can see it is currently a mixed bag with the nikkei up by 75 points. the all 0rdinaries index, with lower oil prices overnight, down by 55 points, and the hang seng index hasjust opened for trading and it is marginally higher the unchanged at 28,959. thank you so much for investing your time with us. i am rico hizon, sport today is coming up next. this is bbc news. the top stories this hour: president trump leaves for hanoi, and his second summit with north korea's kimjong—un. jeremy corbyn and his senior colleagues say that if labour's conditions for a brexit deal are not accepted by parliament,
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they would then back a new public vote. a father whose two children died in the hillsborough football disaster in 1989 has told a court of the worst moment of his life, as he travelled to hospital with one of his girls while leaving her sister to be treated on the pitch. trevor hicks was giving evidence at the trial of match police commander david duckenfield. he denies causing the deaths of 95 people. judith moritz reports. as people were being carried out of the pens at hillsborough, this photo captured one father's plight. trevor hicks was standing in the corner of the ground. his teenage daughters were out of his reach, and he sensed something was badly wrong. trevor was next to the police control box. he shouted up to the gantry for help. today, he told the jury that one officer didn't respond. another swore at him and told him to shut up. mr hicks told the court it was clear
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there were problems, and he could smell fear. he knew his teenage daughters, victoria and sarah, were at the front, and could see substantial crushing in the area where they were. he went onto the pitch and found the girls lying almost side by side. trevor hicks told the jury... the hickses had gone to the game as a family of four. trevor and his wife, jenny, went home that night as a bereaved couple. thejury also heard emotional words from another father whose family was devastated by hillsborough. barry devonside had taken his son, 18—year—old christopher, to the match. father and son were allocated tickets in separate parts of the ground. christopher was standing with his friends on the terraces, his dad, barry,
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was sitting elsewhere. today, mr devonside told the jury that he saw someone being resuscitated on the pitch and said, what the bloody hell's going on? a man next to him had a transistor radio and told him, there's two dead. barry devonside cried as he said... former chief superintendent david duckenfield denies gross negligence manslaughter. the trial continues. judith moritz, bbc news, preston. now on bbc news: sport today. hello, i'm chetan pathak and this is sport today
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live from the bbc sport centre. coming up on the programme: federer fightsbacks at the dubai tennis championships, as he chases his 100th atp tour title. as maurizio sarri's authority is questioned, following the english league cup final, what next for the chelsea manager? and anthonyjoshua tells us how he's doing all the homework he can ahead of facing jarrell miller at madison square garden injune. welcome to the programme, thanks forjoining us. roger federer remains on course for what could be his 100th atp tour title, after battling back to win his opening match at the dubai tennis championships. he's aiming to become only the second man, after american jimmy conors, to reach a three figure landmark. and in his first match since his australian open defeat in the last 16, federer managed to get past germany's philip kohlschreiber in three sets, as paul frostick reports:
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