tv Asia Business Report BBC News March 15, 2019 1:30am-1:46am GMT
1:30 am
i'm kasia madera with bbc news. our top story. british mps have voted to ask the eu for an extension to the brexit process. it would be until the end ofjune if mps approve theresa may's deal on the third attempt next week, but a longer delay if not. all other eu countries would need to approve the extension. rebel members of president trump's party have helped pass a vote to reject his declaration of an emergency on the us—mexico border. but it's unlikely to become law as mr trump says he'll veto it. and this story is trending on bbc.com: the art of catching criminals — thieves in northern italy thought they were escaping with a brueghel masterpiece worth millions of dollars — but instead they were foiled by a fake. police swapped the paintings after a tip—off and installed cameras to identify the thieves. that's all. stay with bbc world news. and also making the headlines here in the uk — new figures show the number of criminals caught with knives
1:31 am
or dangerous weapons has hit a 10—year high. now on bbc news, live to singapore for asia business report. china has a new foreign investment law. in a bid to resolve trade talks with the us. brexit delayed. uk lawmakers vote in favour of his moves at a no deal brexit is still on the table. —— favour of the move. hello and welcome. let's start with the trade war between the us and china. treasury secretary said that a deal between the two countries presidents will not happen at the end of march as previously
1:32 am
discussed. meanwhile china hasjust passed a new foreign investment law minutes ago in beijing says the new legislation will level the playing field forforeign legislation will level the playing field for foreign firms. some observers see it as a bid to facilitate trade talks with the us. let's go live now to our correspondent outside the great hall of the people on tiananmen square. we believe the law has already passed. can you tell us more? as expected this parliament, and annual meeting of a rubberstamp institution has passed the new foreign investment law that will come into force on january investment law that will come into force onjanuary one next year, 2020. it is a significant shakeup of regulation laws surrounding investment environment for foreign firms. it has been welcomed by the american business immunity here to an american business immunity here to a n exte nt american business immunity here to an extent that there are concerns about ambiguity within the legislation and the way it has been rushed through. not a lot of
1:33 am
consultation with foreign companies who have a long history of investing here in china. on the positive side it change some of the requirements of firms coming here in terms of not needing approvalfrom of firms coming here in terms of not needing approval from the ministry of congress any longer. it also decreases the amount of sectors they are banned from. there is better regulation in terms of technology transfer, one of the biggest complaints from american firms in particular is that they are forced to bring their technology here and give it to chinese partners. also, better enforcement on intellectual property. it is a contentious issue with these ongoing negotiations between the us and china. all of this is happening in a broader context in an economy that grows healthily. if you look on from london or rome, that is, but the rate of growth is slowing. there are two key issues, unemployment and the possible consequences for social u nrest possible consequences for social unrest and also consumer demand. china is trained to shift towards an economy driven by consumer demand
1:34 am
and we should see new figures on demand for mobiles and automotive, significant indicators of how healthy consumer demand is here and it continues to show a fall in demand which is not good news for the leadership. all this new law go far enough to placate washington and potentially resolve some of those trade issues that the two countries have? —— will this new law go far enough? it deals with some of the issues, particularly regarding intellectual property and protecting ipfor intellectual property and protecting ip forforeign intellectual property and protecting ip for foreign companies coming intellectual property and protecting ip forforeign companies coming here but also for chinese entrepreneurs. one reason we are seeing progress and enforcement of law on ip is because you have chinese companies who are now losing out. i think that is why the government is moving quickly on my. the american chamber of commerce has concerns about ambiguity in the way that the law is defined and they worry that when it
1:35 am
comes to enforcement but that may be an issue and they are quite concerned about a rush to pass a new law that nods towards the americans concerns but when it comes to the nitty—gritty it is not really what they want to see. another day, another vote on brexit. lawmakers agreed to delay leaving the eu but they still need to ask the eu but they still need to ask the european union for permission. an earlier amendment calling for a second referendum was defeated. our business reporter has all the latest in our newsroom. first, let's look at the module is week that the uk parliament has just experienced. on tuesday, theresa may's deal to divorce the eu was rejected by members of parliament for the second time. the next day, mps voted against a no deal brexit under any
1:36 am
circumstances. the prime minister is expected to ask lawmakers to endorse a delay and put her deal backed parliament members by next wednesday. now look at what happened to the pound versus the us dollar over last five days. as you can see from this deep, the pound fell to 120 in the middle of the week than at swords with stronger as advance in 2019 before wednesday settling back to a familiar level. analysts expect another volatile week ahead ahead of another brexit vote. in other business news, boeing is suspending the deliveries of its top selling 737 max plane after its entire fleet was grounded following a fatal crash on sunday. the company says it will continue to produce the planes. a software upgrade is being tested and installed. official start analysing the black box from the crash in ethiopia. remember facebook ‘s outage? the firm says it was
1:37 am
because of internal error denying a cyber attack. meanwhile two executives are leaving the company. a blow to the firm as one of them, chris cox, is one of the first employees and is often referred to asa employees and is often referred to as a vice president. now to japan, the infamously long working hours that have forced some people to seek out immersive experiences to escape the daily grind. as part of our series we explored the cutting—edge ways to spend your leisure time in tokyo. downtime in tokyo is a precious commodity and for people wanting escape without leaving the city, local artists are offering unique high—tech and totally immersive experiences. this flower dome is pa rt experiences. this flower dome is part of a temporary exhibition created by one team.
1:38 am
ina in a country that has some of the longest working hours in the world, these immersive experiences are designed to encourage people to step out of the daily grind and interact with their environment. a mobile app allows you to change the patterns and colours in the room. in nearby shibuya, another design firm is also offering a different sensory experience. virtual reality dining. the firm uses 3—d projection mapping, lighting and music to follow the birth of a tree to its maturity. this is quite a weird way of enjoying dinner. it is surreal.
1:39 am
before a course meal costs over $200 us which makes it out of reach for many. the company says people usually come for special occasions. —— the full eight course meal. a chinese carmaker has begun its push into the european car market with the launch of an electric suv at the geneva motor show. this is one of the latest offerings out of china. attracting a lot of attention here at the geneva motor show. it is the u5 attention here at the geneva motor show. it is the us that comes with its own charging robot. this chinese manufacturer wants to crack the international market with its electric car. over here is alex, in charge of international operations. alex, it is an electric car built in china. the chinese market electric
1:40 am
ca rs china. the chinese market electric cars is huge. why are you selling it to europe? we think we have an opportunity here and we think we should give something back to european customers. so yes we have a market in china but there is also a big european market and we want to attack both at the same time. who are you aiming this that? we aim it at for people who drive below 500 call it is a day because that is the range of this car and who have a spotin range of this car and who have a spot in the evening where they can park the car and charge it. that is what you probably still need for the time being in europe. it is almost everybody in europe. so a reasonably high range. not a high—performance car, however, it is reasonable. you are selling it in a different way, aren't you? there are no dealerships? no dealerships. we want to be close to our customers. we wa nt to to be close to our customers. we want to sell directly to them and we wa nt want to sell directly to them and we want them to take away this dealership hassle that you normally have with salesperson pressure. we wa nt to have with salesperson pressure. we want to sell direct. we have written
1:41 am
a partner so you can see and test the car but we to sell direct. we wa nt to the car but we to sell direct. we want to make it as easy as purchasing anything else online. having a look now at the markets before we go because we can see that the japanese market is considerably higher due to the weaker yen boosting exporters but we see flat opens in hong kong and a flat market in australia as well, taking their cues from wall street overnight. and thatisit cues from wall street overnight. and that is it for this edition of asia business report. this is bbc news. the top stories this hour: mps in britain have voted to request a delay to brexit — as the prime minister prepares for a third attempt next week to pass her deal. a former british soldier is charged with murder almost 50 years after bloody sunday when 13 civilians were killed in londonderry.
1:42 am
almost a quarter of people who were diagnosed with cancer in england at the end of last year had to wait more than 2 months for their treatment to begin — according to the latest figures which show the worst performance on record. the health service target is for treatment to begin within 62 days of an urgent gp referral — but it has been repeatedly missed for three years now. here's our health editor hugh pym. lisa is at home for a few days. next week she'll be back in hospitalfor another round of chemotherapy. she has advanced bowel cancer, which has spread. she experienced symptoms but it was more than a year before she was diagnosed, and then there were delays before treatment started. it came as a massive shock. you feel that there is no support there. you are given this huge, horrible diagnosis and then you're almost left in limbo because you don't know what the next move is going to be.
1:43 am
lisa is one of the increasing number whose treatment didn't start within two months of a gp referral, which is the nhs target in england. scotland and wales have also missed targets. cancer charities say there aren't enough staff. although staff are working harder than ever before, there just simply aren't enough people to do the tasks we need so it's great we are trying to drive through early diagnosis, but unless we have the staff needed to keep up with that demand, we're not going to see the change we want. take a deep breath in. nhs england has funded schemes like this to try to catch lung cancer early. a spokesperson said more people than ever were coming forward for cancer checks, and there was new investment in treatment. i'm very angry. i would say anger is probably one of my most common emotions. lisa has worked most of her career in the nhs. her mum had bowel cancer as well. she feels her cancer should have been picked up much earlier. i feel like the nhs has let me down in some way and that...
1:44 am
i don't want to face death and i don't want to think about that but it may be a reality for me in the next few years. and sometimes that fires me on to help other people, make sure that this is something that we can diagnose much earlier and treat much earlier. hugh pym, bbc news. now on bbc news, sport today. hello there. i'm tulsen tollett. this is sport today, live from the bbc sport centre. coming up on this programme... five—time champions sevilla are stunned by slavia prague, as a late extra—time winner sends the spaniards out of the europa league.
1:45 am
belinda bencic is through to the semifinals in indian wells, after a three set win over karolina pliskova. and history at cheltenham, as bryony frost becomes the first female jockey to ever ride a grade one winner at the festival. hello and welcome to the programme, where we start with the news that five—time champions sevilla have been knocked out of the europa league, losing in extra time to a late slavia prague goal in the czech republic. colm harrison looks back on a night of late drama. all square at 2—2 from the first leg, slavia prague struck first in the return sue a cameroonian defender. the two players then traded penalties either side of half—time, with wissam ben yedder equalising for sevilla, only for slavia prague to head back in front
71 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1910515261)