tv Asia Business Report BBC News April 4, 2019 1:30am-1:46am BST
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have entered the house of the former nissan chief, carlos ghosn and he has been re—arrested amid fresh allegations. he could now face more criminal charges. ina in a statement he says it was an outrageous and arbitrary arrest. in britain, mps have voted to force the prime minister to ask for an extension to the brexit process, in a bid to avoid leaving the eu without a deal. earlier, theresa may met the opposition labour party to try to break the deadlock. and this video is trending on bbc.com... two hollywood actors have appeared along with 13 other wealthy parents before a us court to face charges of paying bribes to secure admission into elite universities for their children. more to come. see you soon. and the top story in the uk: victims of the windrush scandal have been told there's "no limit"
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to the amount of compensation that could be paid. home secretary sajid javid said he hoped the scheme would "right the wrongs" of a "mistake that should never have happened". now on bbc news live to singapore for asia business report. carla goan rearrested, the former auto executive back in a tokyo jail over fresh financial kind of allegation for ave —— carlos ghosn. trade award winners come how brazil soybean farmers are benefiting from conflict between the united states and china. good morning, asia! hello, world it is thursday, glad you canjoin hello, world it is thursday, glad you can join us hello, world it is thursday, glad you canjoin us for a net action—packed addition of asia business report. i am rico hizon, let's begin with carlos ghosn and the former auto executive has been rea rrested the former auto executive has been rearrested for a fourth time, he
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faces rearrested for a fourth time, he fa ces fres h rearrested for a fourth time, he faces fresh allegations of aggravated breach of trust, he has since released a statement, our reporter has all of the details. what did mr ghosn say? he has released a statement pretty much shortly after his rearrest, let show you on the screen... he said... this follows that surprising to rea rrest this follows that surprising to rearrest as you mention, the fourth time he has guided arrested, prosecutors entered his homejust before 6am local time, an hour later they came out of his home with him inside a car they came out of his home with him insidea carand they came out of his home with him inside a car and he had been arrested. it is of believe the new
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allegations he faces is about a payment he made from nissan to a businessman. we don't know whether there's any link between you but we also heard from the french car—maker renault that he once led yesterday where the company held a board meeting and released a statement saying that it is alleged french authorities about a payment he made. —— they allow different authorities. the statement from carlos ghosn, a comes the statement from carlos ghosn, a co m es after the statement from carlos ghosn, a comes after his first ever tweet yesterday. that is right. within 24 hours since his first ever tweet compete created his account and said that he will be holding a press conference on the 11th of april, next thursday to tell the truth about what has been happening in english followed by a japanese suite. i assume that press conference is no longer going to ta ke conference is no longer going to take place on thursday. thank you for the update on the rearrest of former nissan chief carlos ghosn. turning now to electric car manufacturer tesla. in the last few
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minutes, the company said it had produced a total of 77,000 100 vehicles in the first three months of the year, another major focus for investors will be later today when lawyers for chief executives elon musk and us regulators will be facing off in a new york court. the security exchange commission says he should be held in contempt over one office suites come from markham let's go to silicon valley and were joined by our north american technology correspondent dave lee. what have we learned from tesla? and from the numbers? yes. i've been looking through some of these numbers. the sales of the model three delivery of huge importance to investors because that is a car they hope will bring tesla into the mainstream, the success of that is very important to them. looking at what they had managed to achieve in the last quarter, betweenjanuary and at the end of march, only 63,000
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ca i’s and at the end of march, only 63,000 cars we re and at the end of march, only 63,000 cars were delivered by tesla to its customers, that was down 31% on the previous quarter. investors had expected those deliveries to be down on the last quarter because of the variety of factors including new ta riffs variety of factors including new tariffs being introduced or credits being removed from as an incentive however investors have the hope the impact will be this great and hoping for around 70,000 deliveries, tesla only manage 63,000 deliveries come the company is blaming that on some teething problems due to high demand they say they say they came up against new problems in europe and in china, but it is a problem for them. having looked at the reaction of the market and after hours, their stock has gone down just a little bit. which will suggest investors are not too worried. 0nce bit. which will suggest investors are not too worried. once the next quarter comes around, if that number has not gone out by a lot they can be in real trouble. that's gonna buy a lot. in silicon valley, dave lee. donald trump has started to close
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the us border with mexico while no action has been taken of the gift. —— has threatened to his suites are already having an impact wasn't really this week the price of avocados soared on the wholesale market by more than a third. that is because 80% of breakfast favourite consumed in the us come from mexico and it is notjust avocados that will be hit by the closure of the border, the whole raft of agricultural and industrial goods as well as tourists would be caught up in any destruction. from the london school of economics, somebody told me about the impact of the trade dispute. it seems to be another theatre of brinkmanship and a long list of brinkmanship that seemed to characterize economic diplomacy today. precisely at a time when the centre stage, us china trade work, seems to be the escalating. this does not seem to be the base case that trump will go ahead with closing the border. —— us china
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trade war. but if it is not, it is not something we can ignore. how much of an impact will this have on the economy? how much of a loss would be cosmic as recently as last year, they just would be cosmic as recently as last year, theyjust re—struck the free—trade agreement. year, theyjust re—struck the free-trade agreement. the new nafta. the canada mexico and us. that is correct. the supply chains are quite integrated. they have half $1 trillion on exports between the us and mexico, mexico is a major export hub for auto and auto parts, the third largest exporting hub in the world. it imports a lot of stuff from the rest of the welcome about $60 billion worth of imports that mexico has from the rest of the world co m es mexico has from the rest of the world comes through the united states. so if that border is closed, that will clearly have repercussions. the bottom line is that, with this prickly ship, the americansjust that, with this prickly ship, the americans just want a better deal? yes. it is not clear exactly what would count as resolution of this. 0n the one hand it seems to be a message to the mexicans you need to
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ta ke message to the mexicans you need to take that border more seriously, on the other hand it seems to be a message to congress that we need to strike a deal on the border wall, so it is prickly ship but it is also a bit of a tantrum and a bit of unclear in terms of what the outcome this is for the resolution. 0ne unclear in terms of what the outcome this is for the resolution. one of those open and then things which just adds to the plate thor brinkmanship stories out there. just adds to the plate thor brinkmanship stories out therem other news, making headlines, investigators will release a keenly awaited report on the deadly crash ofan awaited report on the deadly crash of an ethiopian airlines jet later today. it will offer the first official because of the second crash official because of the second crash ofa official because of the second crash of a new boeing 737 a max environments, the disaster on march the 10th prompted the world by grounding of their fast selling claim as schooled in the certification process. that's fast selling play. brazil soybean farmers have benefited from the us china trade were and experts to aid you
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have indeed sorted. despite being one of the world top economist, the country transfer infrastructure is in need of modernisation. this year the government is privatising nude swats of railways, airports, roads and ports, hoping to check more than $20 billion worth of investments. lastly, an auction a key north—south railroad, vinyl for trade, with europe and asia and one that could slash shipping time for the region. that's vital for trade. more from brazil. last year, brazil overtook the us is the worlds top producer of soybeans, considering the infrastructure here, that is almost a miracle virtually all of the country parchment production is loaded onto lorries, but the roads are precarious, slow and brittle with cargo theft. 0nly15% brazil's production goes by rail. brazil has the tracks, but it does not have the
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train. the government spent the past 30 years building this railroad which is support the move all of the soybeans to the north of the country where they can then be shipped to asia and europe. now the government is seeking a private investment gi’oup is seeking a private investment group that can help complete this vision. the construction was a slow and mired in corruption. lastly, the government sold the concession to a private group which is promising to invest $500 million to finally get trains moving here. farmers in the agricultural town are hopeful. they have been waiting for a decade for the trades to come and now they have built this silo and have big plans for the future. if the railway sta rts for the future. if the railway starts to operate. translation: if we can use the real world that we already have, we can cut shipping time to grow up in asia by about eight days. that would cut the price that consumers there paid bya third.
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the price that consumers there paid by a third. last year, a trucker struck brought the economy to a standstill. the government says a privatised freight railway would offer an alternative. make brazil more competitive. but until the trains arrive, farmers will find their soybeans stuck in the slow lane. let's have a quick look at our asia—pacific markets. all of the read. thank you for watching. goodbye for now. you are watching bbc knuth. a reminder of our headlines now. —— bbc news. mrgoan has said mr goan has said his arrest this money is outrageous and arbitrary. british mps voted to force the prime minister asked to ask for an
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extension to the brexit process. in a bid to avoid leaving the eu without a deal. the home secretary sajid javid has announced a compensation scheme for those affected by the windrush scandal, describing their treatment at the hands of the home office as ‘a terrible mistake that should never have happened'. some who arrived in the uk from the late 40s to early 70s, had been accused of not having the right paperwork. payments to those affected could add up to hundreds of millions of pounds. glenda caesar is one of them, and she's been talking to our home affairs correspondentjune kelly. i came to the uk as a baby of six months. i went to school, it was mostly about setting up a home for my children, working. so, i was british. as well as raising four children, glenda worked for the nhs for 20 years. but when she tried to get a uk
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passport, like so many windrush victims, she was told she wasn't british. she lost herjob, and with no uk citizenship, she wasn't eligible for benefits. i had to rely on my children, to maybe put money on the gas and electric. it's hard. we shouldn't have to go through all of that. so, for the last ten years, she's been struggling financially and emotionally. i got so depressed that i really wanted to take my life. i had made up my mind that i was going to take tablets and close my eyes because i'm thinking, "how do i get out of this?" glenda feels her life has been on hold. she'll now be one of thousands who will be applying for compensation from the government. i'm hoping it can reflect and validate the pain and suffering that we've gone through and the loss of earnings, loss of my pension for ten years.
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in the past year, glenda and her friend sonia, a fellow windrush victim, have received their uk passports. i got mine before you! the home secretary said the compensation scheme could cost around £200 million. but depending on how many people apply, the total bill could be nearer 600 million. june kelly, bbc news. more on the wind rush candle on the bbc news website. that is it for me. time for the rest of the news. let's catch up with all of the sports news today. see you soon. hello, this is sport today, live from the bbc sport centre. coming up on this programme... manchester city return to the top
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of the premier league with a 2—0 wind over cardiff leaving them a point clear of liverpool with six games to play. bayern munich are through to the semi—finals of the german cup after edging out second division heidenheim by the odd goal in nine... and sabalenka sees off kozlova to seal her place in the last 16 of the charleston 0pen. hello and welcome to the programme where we start with the footballing news that manchester city have moved back to the top of the premier league thanks to a 2—0 win at home over cardiff. first half goals from kevin de bruyne and leroy sane sealed the wind that means they're one point ahead of liverpool with six games remaining and the bbc‘s john murray was watching. never at any stage that distant like being anything other than a whole victory. the champions made 17 changes, 18 garoppolo philfoldable is giving his first premier league start. but city were straight into their stride and kevin de bruyne
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