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tv   Asia Business Report  BBC News  April 15, 2019 1:30am-1:46am BST

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i'm kasia madera with bbc news. our top story: it's one of the greatest comebacks in sporting history. tiger woods wins the masters — more than ten years after his last golfing major title. he has had personal difficulties in that time, including a divorce and major back problems, hampering his form. a powerful tornado has ripped through the south—east of the united states, destroying buildings and leaving many injured. at least four people including two children have been killed. and this candidate is gathering traction in the united states. a liberal, openly gay mayor has formally launched his bid to become the democratic presidential nominee in the 2020 election. pete buttigieg has risen from relative obscurity as mayor of a small town to being a possible contender. that's all. stay with bbc news. and the top story in the uk: an investigation‘s under way into the cause of a crash involving
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a double decker bus and a car on the isle of wight. a woman died in the collision near newport. now on bbc news, live to singapore for asia business report. japan steps into the ring for a fight, as it begins bilateral trade talks with the united states. a sneak peek. beating's new airport that will open in the autumn to meet china's growing appetite for air travel. —— beating's. good morning, asia, hello, well. it is monday. the start of a brand—new trading week. glad you could join us for another exciting addition of asia business report. i'm at rico hizon. we start off with trade
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talks, not china and the united states. we a re talks, not china and the united states. we are talking about japan and the us today. after two years japan is finally taking a president trump's offer for a bilateral trade negotiation which will begin later today in washington, dc. japan's prime minister, shinzo abe, is keen to avoid tariffs onjapan‘s cars. as tensions grew between the united states and china, will the united states and china, will the united states have a class with its key ally? earlier they asked hannah addison in hong kong if she expects tensions to be as high as the us china trade talks. we are talking about two fundamentally different trading relationships. while you have seen us negotiators taking a lot of the lessons they used when it comes to renegotiating trade with china from us and japanese dialogues that happened in the ‘80s and 90s, i think you will not see that pattern played out again in us— japan trade talks, simply because within the
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existing trade relationship between these two countries there is a lot of room for bilateral change without necessarily having to renegotiate a full new trade agreement. what will be the point of contention between the two countries during these negotiations? obviously the biggest item on japan's negotiations? obviously the biggest item onjapan‘s worry list negotiations? obviously the biggest item on japan's worry list and negotiations? obviously the biggest item onjapan‘s worry list and the biggest item on the us wishlist is automobiles. we have heard the us talk about automobile imports and also part imports, as well as the trading relationship between the us and foreign automobile manufacturers that either do production in the us oi’ that either do production in the us or ship to the us for us consumers to purchase. you mentioned about auto import quotas. japan has already said that this is one of their nonnegotiable is, together with foreign—exchange provisions. if the demands are too tough, could japanjust the demands are too tough, could japan just turn away from the talks? think when you have any two countries coming together to renegotiate a trading relationship, both sides obviously have to be prepared to walk away if they're not getting the results they seek. it is
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important to remember that also quotas are not the only restriction one can place on trade. there are tariffs, export controls, licensing requirements, both sides have a large number of tools that they can use in order to figure out what the right trading relationship between the us and japan is going to be. that was hannah addison from jp morgan in hong kong. according to us treasury secretary steve mnuchin, it will be included in any usjapan trade talks. that brings us to the next topic, currencies. let us look, we're watching very closely, with the ongoing brexit negotiations we have talked a lot about the stirling lately. with major elections taking place in asia, both india and indonesia are in focus as well. tens of thousands of indonesians will be voting on presidential and parliamentary elections this week after campaigns focused on the
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economy. this is our some of the major after campaigns focused on the economy. this is our some of the major currencies after campaigns focused on the economy. this is our some of the major currencies will after campaigns focused on the economy. this is our some of the major currencies will start after campaigns focused on the economy. this is our some of the major currencies will start the monday trading session. market a nalyst monday trading session. market a na lyst jeff monday trading session. market analyst jeff haley monday trading session. market analystjeff haley said there is only one topic that continues to dominate market sentiment. that still remains the only game in town. and over the weekend steve mnuchin was positive on the outlooks. as you can see there, we will see negotiations between japan can see there, we will see negotiations betweenjapan and europe coming up as well. all right, we we re europe coming up as well. all right, we were talking about japan earlier with hannah addison, foreign—exchange provisions, currency manipulation could be part of the japan us trade negotiations. if that is discussed and the united states makes it an issue, how could this impact the n? the n has the potential to drop —— yen. and if the tariff gun gets pointed towards japan as well. we have a long way from that situation happening at this moment. that was our currency expert. another business news, president donald trump renewed his
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attack on the federal reserve, claiming that the stock market, in a tweet, would be much higher but it not been for the actions of the federal reserve. he tweeted this. well, social media joined facebook that it restored services after some users could not access its social networking site. instagram and messaging app what's up. facebook apologised for the third major outage of the year, but didn't specify the cause. last month it suffered one of its longest disruptions when users couldn't access facebook, instagram, and whatsapp for 2h hours. they're taking on the chinese market leader
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has not‘s model eggs. the german car maker has been aggressively expanding in the mainland, where electric cars are given preferential treatment by the authorities. the chief executive officer said it plans to produce more than 22 million electric vehicles over the next ten years. pilots at india's jet airways have reportedly been told by their union to put off a planned strike to give its management and key lenders time to strike an agreement. more than 1000 pilots were planning to stop flying today, as they have not been paid for three months. with more than 1.2 billion us dollars of bank debt, jet airways is battling for survival and is yet to receive a loan as part of a rescue arrangement which was struck last month. staying with the aviation industry, china is expected to overtake the united states as the biggest market over the next three yea rs. biggest market over the next three years. and with over a billion passengers each year, beijing is set to open a brand—new airport this
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autumn. stephen mcdonald went along to have a look. it is being touted as the world ‘s largest single airport terminal and it will eventually handle more than 100 million passengers every year, using six runways. beijing already has an enormous airport in the north—east. when we heard there was to bea north—east. when we heard there was to be a new airport in the south of the city and it was to be the biggest in the world, we have been dying to have a look. here we are. and there it is. we are told this building covers over1 million square metres. and in a first of its kind will have two departure and arrival floors.
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there will also be a multiplatform intercity high—speed train station underneath and a subway station for access to beijing. it is hard to imagine that construction only started here in 2016. as is the way with things here, you just have to marvel at the scale of this place and the speed with which it has reached this point. china takes world —class reached this point. china takes world—class architects and engineers, throws in thousands of workers, and within just a few years has reached this point. the team is hailing the energy saving elements of the airport, with 100% of rainwater collect that, a solar farm
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on—site, and 66% of vehicles using clea n on—site, and 66% of vehicles using clean energy. construction will finish in june clean energy. construction will finish injune and it will be open for business in september. when you ta ke for business in september. when you take the massive capacity here, added to the huge airport that beijing already has, and you can imagine just beijing already has, and you can imaginejust what a beijing already has, and you can imagine just what a transport hub the chinese capital is going to become. this has only been a flying visit, but with even a small look inside it does appear that this facility could change the way people travel throughout the region. stephen mcdonald, bbc news, beijing. that is one colossal facility. before we go, a few other business and economic items we're watching. 0n and economic items we're watching. on monday, the earnings season gets for corporate america. citigroup and goldman sachs are due to report
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their quarterly numbers. let us look at what will happen on tuesday, the bank of america will release its earnings as well, alongside netflix. 0k, let us have a quick look at the asia—pacific markets as they open for trade. due to the positive close of wall street on friday we are seeing some positive numbers in early asian trade with the nikkei up by 254 points. the all 0rdinaries gazing a fraction. in the plus by 1.3 points at —— gaining a fraction. a rico hizon. sport today is coming up a rico hizon. sport today is coming up next. —— i am rico hizon. just before that. we bring you up—to—date with our main stories. in one of the greatest comebacks in sporting history, tiger woods has won the us masters, more than ten years after his last
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major golfing title. poverty is harming children's capacity to learn and it's getting worse. that's the findings of an online survey of thousands of teachers carried out by the national education union. it says more pupils are struggling because they come to school hungry, thirsty or without a proper night's sleep. caroline davies reports. the children come to school with no coats, no socks. a number of my pupils live in overcrowded housing and have disrupted sleep. most of my class arrive at school hungry and thirsty. these are the responses from some of the 8,000 teachers asked in an online survey about how poverty affects their pupils. more than 90% of them said it was a limiting factor in children's capacity to learn. the national education union, who commissioned the survey, say that more of its members are seeing families becoming poorer. at this school in watford, the head teacher says the school have to step in to help. we have had situations whereby parents have had maybe an oven
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or a fridge stop working, they literally can't replace it, but thankfully we have quite a good network and we find out things like that and then we are able to access from various charities support for them. but it shouldn't be like that. the government says that tackling disadvantage will always be a priority and it is making sure that more than a million of the most disadvantaged children can also access free school meals through their education. during the easter break, they have invested in clubs where children can have a meal. the holidays can be difficult. it is harder. a lot harder. the kids are at home all the time. for two years, this mother has needed help from a community food bank to feed her family. she didn't want to be identified. it is not easy when your kids ask you for food and you cannot provide it. it is really hard. how much worry do you have about food?
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every day, every night. it is the first thing a thing about and the last thing a thing about. term time or holidays, there are families that struggling. the worry is if that affects their education, it could damage the future. caroline davies, bbc news. a woman has died in 20 people have been hurt in a cross on the isle of wight this afternoon. a double—decker bus and two cows were involved in the accident. st mary ‘s hospital in newport declared an emergency and called on extra staff to help with the casualties. lots more on the website. im on social media. now on bbc news, sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme:
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11 years after his last major title, tiger woods takes his tally to 15 with victory at the masters. and a moment that was shared with his family amid emotional scenes as he walked from the course. while liverpool stay top of the premier league with a 2—0 win over chelsea at anfield. hello and welcome to the programme where we start with the golfing news that tiger woods has won his 5th masters title and his first major since 2008, claiming victory by a stroke. the 43—year—old is nowjust one behind jack nicklaus‘ record of six wins at augusta national and three behind his fellow american's overall major tally of 18. paul frostick takes up the story of what was a fairytale finish in georgia.
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cheering and applause.

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