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tv   Asia Business Report  BBC News  March 12, 2019 1:30am-1:46am GMT

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agreed legally binding changes" to the brexit deal, the alterations are over the backstop — the guarantee of no hard border in northern ireland — and the most controversial and unpopular part of her agreement. british mp's will vote on the revised deal on tuesday. investigators have recovered the voice and data recorders from the ethiopian air crash. more airlines have grounded the type of plane involved — but us aviation officials say they believe it is airworthy. and this story is trending on bbc.com. zinedine zidane is set to return as real madrid manager just 10 months after leaving the post. madrid of course have been in a terrible run of form — last week they crashed out of the champions league. that's all. stay with bbc world news. and the top story in the uk:
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a birmingham city fan has been jailed for m weeks after attacking the aston villa captainjack greelish on the pitch during sunday's match. now on bbc news, live to singapore for asia business report. the sterling jumps on speculation theresa may might be closer to winning packs —— passage for her brexit deal. fancy eating vegetables that were grown underneath train tracks? we look at creative urban farming in the japanese capital. good morning, asia. hello, world. glad you could join us. i recognise on. we start off with brexit, theresa may and jean—claude juncker have agreed to legally binding
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changes on the backstop. both sides have made the announcement on the eve of a critical vote in the uk parliament. for more on this breaking story, i'm joined by monica miller. some major developments out of strasbourg. the sterling as you mentioned is up and so are asian markets after news broke that theresa may and the head of the european commission have agreed to legally binding changes over the divorce agreement between the eu and the uk. theresa may is hoping the resolution over a backstop deal which involves the border between northern ireland and the republic of ireland will maybe help pave the way for a successful vote later today. what happens next? as i mentioned, we are expected that the draft on what theresa may now calls and improved withdrawal agreement is scheduled to go back to the commons for a second so—called meaningful boat. when the same plan was put to
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members of parliament last month, it was defeated by a majority of 230 votes. if the prime minister ‘s plan is again rejected, another motion will be tabled, asking prime ministers if they support leaving the european union without a deal. if the house rejects and no deal brexit, there may be yet another vote and that could request the extension of article 50 negotiation processes which would delay the withdrawal. article 50 is the legal document which triggered what was to bea2— document which triggered what was to be a 2— year brexit process and this isa be a 2— year brexit process and this is a reminder that there are only 2.5 weeks to go until the official deadline for the uk to leave at 11pm gmt on the 29th of march. the uk government says it will be the only deal left on the table. waiting and watching what will happen. and what will happen later today in the uk
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parliament. thank you very much my colleague and business reporter, monica miller. we now have a voting period. the election in india which begins on april 11 and it's the biggest democracy in the world and the economy is high on the agenda. the former bank director raghuram rajan told the bbc that it is higher. the problem is in india, we don't have very good labour market statistics and there is a lot of controversy about what is being produced. in that sense, would got to get better at the statistics but we also need to recognise when you look at anecdotal evidence like 25 million people applying for 90,000 low—level railway jobs, million people applying for 90,000 low—level railwayjobs, there is a jobs problem. among the main parties, is there one that stands out as being committed to the kind
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of market economics that you think india needs more of? it's early days yet. we still have to see the ma nifestoes yet. we still have to see the manifestoes rolled out and hopefully some of these issues have been elected —— contemplated then considered. the former indian central bank governor raghuram rajan. shares fell more than 5% overnight for boeing, indonesia the latest country to order the grounding of the 737 max8jets. the disaster and ethiopian was the second in five months involving the model. there are more than 90 planes operating from the mainland used by china and china southern airlines just to name a few. ethiopian airlines and cayman airways have
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also grounded them. several north american airlines have said they are monitoring the ongoing investigation and according to the boeing website, i6 airlines have taken delivery of the 737 max8 including italy. earlier, i asked the 737 max8 including italy. earlier, iasked if the 737 max8 including italy. earlier, i asked if it was the right time for carriers to ground these boeing jets. the difficult question. flying is extraordinarily safe but when something goes wrong and we have a catastrophe, there is a profound sense of shock and loss in the human something that results from that. it puts the industry under a lot of pressure. industry has a protocol to collect the evidence and not jump has a protocol to collect the evidence and notjump to conclusions but there is a lot of scrutiny. regulators have decided to suspend operations. some decided not to.
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christians are being asked and evidence gathering is key. but the suspension in china is very significant because this is a major market for boeing. absolutely. china is the world's second biggest aviation market and one of boeing's biggest customers. there are about 350 of the specific type. almost 100 operating in china. the chinese authorities have acted out of a sense of proportion. there is no criteria, they are seeking more information on the discussion is, how much information do we need? that is why the search for black boxes of the ethiopian crash has been successful. now we need to see what it tells us about this tragedy. in the busiest is making headlines, president trump has unveiled his budget plans the next year including a demand to more than $8 billion to
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build a wall. it is far higher than the figure the request of last year. leading to the longest ever shutdown ofa leading to the longest ever shutdown of a federal government. in other news, tesla is reversing its decision to close its stores, instead increasing prices by 3%. tesla said it would shut stores to fund a cut in the price of the model three but will close half as many stores, but half the cost savings. all this week we are exploring innovations in tokyo, japan trying to increase the amount of food it produces at home to rely less on imports but it's a challenging task because the number of full—time farmers has been forming. as part of oui’ farmers has been forming. as part of our leading city series, mariko 0i is looking at creative urban farming
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feeding the city's residence. you wouldn't usually expect the vegetable farm onto the train tracks but here in tokyo, that's exactly what you find. the facility is known as tokyo salad and it houses 11 different varieties of salad plants, including letters, baby leaf and basil. string hotel shinagawa is one of our clients. how about a rice paddy on the rooftop of an office building?
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this brewery uses rice to make japanese sake. projects like these are small scale and urbanfarming projects like these are small scale and urban farming is unlikely to change the food system on a mass scale but by maximising underutilised space across the city, these agricultural innovations are helping to transform the urban landscape. mariko 0i, bbc news, tokyo. the three our lead story at this hour and it is brexit. theresa may in the head of the european union jean—claude juncker have agreed in the head of the european union jean—claudejuncker have agreed to legally binding changes on the backstop. both sides have made the announcement on the other critical vote. the british pound jumping more
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than 1% on the news. let's have a quick look at the markets. helping the positive road on the us and asian markets overnight with the japanese index gaining more than 1.796. japanese index gaining more than 1.7%. the all 0rdinaries gaining 23 points. in hong kong hasjust opened the training. higher by 257 points. a broad—based rebound in the technology sector which also lifted the major indices in the us. thank you so much for investing your time with us. this is bbc news. the top stories this hour: the prime minister has announced what she called legally binding changes to her deal to leave the european union after late—night talks in strasbourg. they include assurances on the irish backsto.
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investigators have recovered the voice and data recorders from the ethiopian air crash. as more airlines ground the type of plane involved, us aviation officials say they believe it it airworthy. nhs england has announced plans, which could see the 11—hour a&e waiting target scrapped in favour of prioritising treatment for the sickest patients. health bosses said the target was becoming outdated. it's not been achieved sincejuly 2015 as our health editor hugh pym reports. at the moment, we haven't got any beds available in the unit. whether it's a&e, routine operations, cancer or mental health care, nhs targets are there to try to reassure patients they're being treated as quickly as possible. now there's to be a big shake—up of the whole system in england. nhs leaders argue the 15—year—old 11—hour a&e target is outdated. what matters to patients in a&e departments is that when they arrive, they are seen and assessed quickly to a high standard.
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that if they are severely ill with life—threatening conditions, stroke or heart attacks, they are treated quickly, rapidly and to the highest possible standard. nhs england will try out alternative a&e targets. for example, reducing average waiting times, measuring the time taken for an initial assessment by senior clinicians, and ensuring the sickest patients are prioritised for quick treatment. there'll now be a debate over whether introducing new nhs performance standards and benchmarks can improve patient ca re and outcomes. and whether altering an existing target which has been missed looks a bit like shifting the goalposts. senior a&e doctors say their research shows the existing system does work. 0ur belief is that by dismantling the 11—hour standard, we'll be adding to the crowding that occurs in emergency departments. some patients say there are bigger problems to deal with. i think they need to plough more money in to the a&e service.
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because they're all worked off their feet. there are other things that need to be looked into, like the fact there are lots of patients in a&e that shouldn't be there. most health experts say it's worth trying out a new approach, though there are no planned a&e target changes in scotland and wales. hugh pym, bbc news. tom watson has warned his party gave it further splits and defections and is tolerance is restored within their ranks. she was speaking to around 70 labour mps havejoined a new group set up within the party. now on bbc news, sport today. hello. i'm marc edwards. and this is sport today live from the bbc sport centre. coming up on our programme, the prodigal son returns — afterjust 10 months away, zinedine zidane is back at real madrid. al—zawra'a mark the first ever asian champions league match to be played in iraq
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with a 5—0 victory. and stand by to see eight of the world's best and most adventurous windsurfers brave some tough conditions. hello, and thanks for joining us on sport today. it's a familiar face in an unfamiliar situation — zinedine zidane has returned to real madrid just over ten months after leading them to a third champions leagues in a row. he's back at a club in disarray, the spanish giants dumped out of the champions league after being thrashed at home by ajax and out of the running in la liga. patrick gearey reports on what has been a tumultuous period for los blancos. meet the new boss, same as the old boss. less than ten months after he said he did all he could, zinedine zidane has returned. i am very happy to be back. what i want is to get to

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