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tv   Asia Business Report  BBC News  April 22, 2019 1:30am-1:46am BST

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our top story: there's been worldwide condemnation of the bomb attacks on churches and hotels in sri lanka, which left more than 200 people dead. the prime minister, ranil wickremesinghe, said the attacks would be fully investigated. but a government minister told the bbc that police were briefed about the threat ten days ago, but the prime minister wasn't informed. the comedian, volodymyr zelensky, has won a landslide victory in ukraine's presidential election. full results are not yet in, but exit polls show he's won about 70% of the vote. and this story is trending on bbc.com: queen elizabeth has celebrated her 93rd birthday. the world's longest reigning living monarch attended the traditional easter service at windsor castle. you're watching bbc news. and the top story in the uk:
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climate change protesters say they will hold a meeting tomorrow to decide whether to continue to disrupt central london for another week. now on bbc news, live to singapore for asia business report. a busy earnings week — we look at what to expect from the tech giants. cashing in on caffeine addiction — how dubai wants to reheat success with tea. hello and welcome to asia business report. let's begin with earnings in the united states. it is a busy reporting week from tech names like twitter, facebook and is
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on to post quarterly results. dave petley has the latest. let's start with twitter. jack dawson's company will release earnings before the markets open tuesday morning —— dave lee. the user base has grown slowly over the last couple of years. what investors ca re last couple of years. what investors care about is the amount of time users are spending on the app and whether that is going to lead to more lucrative ad sales. twitter has warned investors that its spending will go up considerably this year. the question is how much. speaking of spending, snap, the owner of snapchat, will release earnings after trading and investors are bracing to see whether the company has curtailed the amount of cash it is burning through as it struggles to grow the user base. analysts don't seem to be expecting good news. on wednesday we will hear from facebook and microsoft. every facebook and microsoft. every facebook earnings report becomes an assessment of whether users are abandoning mark zuckerberg's company
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in the wake of the recent scandals. so far it hasn't been the case. quite the opposite actually. analysts predict despite everything it will be another strong quarter of user growth and increased revenue mostly thanks to continued success of instagram. under its chief executive, microsoft is enjoying a resurgence because of the phenomenally successful cloud computing business, second only to amazon. one analyst predicted microsoft might report the cloud computing revenues are up 70% from this time last year. then on thursday it isjeff bezos‘s amusan. wall street a nalysts thursday it isjeff bezos‘s amusan. wall street analysts expect the company to bring in $60 billion of revenue from the quarter up 17% on this time last year —— amazon. however is on‘s own guidance suggests it won't be as much as that. we will see. dave lee reporting. let's turn attention to trade talks,
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not between the us and china in the way we tell you about on this programme. after avoiding it for more than two years, japan has now stepped into the ring for a fight. bilateral trade talks with the united states. the japanese prime minister shinzo abe is meeting with president trump in washington this week and they will meet in tokyo again in may. while the leaders are on pretty friendly terms, president trump is really not happy with the huge trade deficit the us has — nearly $70 billion. cars and automobile parts rank among the top us imports from japan. president trump has previously threatened to put tariffs on those goods. andrew sta ples put tariffs on those goods. andrew staples from the economist intelligence unitjoin staples from the economist intelligence unit join me staples from the economist intelligence unitjoin me in the studio and explained the reason behind president trump's approach to trade. president trump's thinking on trade was set in the 19805 thinking on trade was set in the 1980s when japan had thinking on trade was set in the 1980s whenjapan had the biggest
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deficit. at the time the us put a lot of pressure onjapan for volu nta ry lot of pressure onjapan for voluntary exports for example. japan was ina voluntary exports for example. japan was in a difficult position. it was unable to say no at the time. 20—30 yea rs unable to say no at the time. 20—30 years later, how much has the situation changed 7 years later, how much has the situation changed? it will be very difficult negotiation for mr abe. the economy is slowing. it is forecasted to slow this year and next year. we have had some bad news around the elections as well. so it is difficult to see what will be a good outcome forjapan. this is a fight that has gone on for several decades and the man leading the fight, robert lighthizer, is very to the japanese. is this the right way to tackle the deficit for the us? to go after countries like japan and china? certainly not. japan's position would be to remain in a multilateral trading system which it has aborted for many years. in recent yea rs, has aborted for many years. in recent years, since president trump
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was president, it had a more combative trade as we saw with china —— supported for many years. we have seen —— supported for many years. we have seen it with the eu and with japan as well. do you need one right now? i could certainly use one. coffee is one of the world's most popular drinks and the world's most popular drinks and the market is rapidly growing thanks to the rising number of middle—class consumers. dubai is one place that wa nts to consumers. dubai is one place that wants to cash in on our caffeine addiction, repeating a trick it is already performing with tea. the arab world's love affair with coffee dates back 600 years. the first cup of coffee is thought to have been drunk in yemen where suffi mystics roasted beans bought in ethiopia. now dubai hopes to bring coffee back to arabian roots. we already consume 500 billion cups of coffee every year. that figure will increase with demand driven by millennial is. some of that coffee
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is being processed here in dubai at this new centre where producers from latin america and asia pay to have beans clean, roasted and blended. the coffee is then stored, ready to be re—exported to european customers on demand, speeding up thejourney from crop to cup. we see the potential for dubai to become the global coffee hub, connecting the producing countries to the consuming markets around the world. producing countries to the consuming markets around the worldm producing countries to the consuming markets around the world. it is a recipe borrowed from the success of the country's tea industry. dubai tea centre processes $100 million worth of tea every year for some surprising customers. we have had uk teas which found a market in australia and took up to four months to get to the consumer because these teas were shipped from india and can
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—— sagna and straight to the australian market. we are doing that he had —— kenya. it has reduced the lead time less than half. most coffee here is re—exported. although an increasing amount is sold locally in the uae. thanks to the growing demand for artisanal brews, the local love affair with coffee shows little sign of ending. let's talk about the olympics now, because with just over one year to 90, because with just over one year to go, tokyo is getting ready. while the games attract international attention, hosting the event is very costly. let's look at the financial challenges faced by previous hosts. he isa challenges faced by previous hosts. he is a magnificent athlete! we are witnessing history. the great champion adds to his legend!
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a lot of very excited people about the olympics, but hosting the
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olympics can be very expensive for the host country. earlier i spoke with a sports consultant and asked why countries still do it.|j with a sports consultant and asked why countries still do it. i believe the challenge is when you put a financialfigure to the challenge is when you put a financial figure to hosting something like the olympics or the world cup it really doesn't make sense. countries go into it with a bigger plan. what they want to do is they use this as a pr and marketing exercise. that is the reason why. pr and marketing, you can't have tangible figures at the end of that. just take a look at russia for the world cup — a lot of people around the world had a different view, including myself, untili the world had a different view, including myself, until i got there. it was a very different russia from what the media has betrayed and what people are saying. that kind of word of mouth and pr for any country is really useful, whether it is for investor relations, to just showcase the country, you know, for tourism factors. so a lot of factors go into it. talking about the olympic frenzy
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that gets countries to spend all of this money and host analytics. before we go, we will take a quick look at market data. you can see japan has just opened, look at market data. you can see japan hasjust opened, inching up slightly about 0.1%, and us markets we re slightly about 0.1%, and us markets were closed on the good friday holiday last week. wall street is also edging higher on thursday on the strong us retail data and earnings from industrial companies. all three major us stock indices, as you can see, ended in positive territory. that is it from me and the rest of the team. thank you for joining us on asia business report. this is bbc news. the top stories this hour: police in sri lanka have made 13 arrests after a wave of bomb attacks on churches and hotels left more
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than 200 people dead. a government minister has told bbc news police were briefed about the threat ten days ago, but the prime minister wasn't informed. the swedish teenage activist, greta thunberg, has addressed climate change protestors in london tonight. she told the audience they were making a difference. extinction rebellion, the group behind the week—long demonstrations, are meeting tomorrow to discuss the next steps of their protest with some debate about whether to pause their direct action, as our correspondent jon donnison reports. for a seventh day, climate change protesters were making noise on the streets of london. some dressed for the weather, others not so much. the people that are standing here today and that have been here for the last seven days, have been amazing, and without people standing up and speaking up louder and shouting, no one will listen. on waterloo bridge, there were more arrests,
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after demonstrators glued or locked themselves together to block the road. but around lunchtime, as protests continued, came news of a shift. in a leaked e—mail sent to demonstrators, one organiser said it was perhaps time for a pause. and a transition from mass disruption to negotiations with politicians. but this evolving movement has no real leaders and the message that it's time for a pause is by no means felt by everyone. we've spoken to one organiser here who says that direct action, like the kind of thing we seen over the past week, should and will continue. there certainly won't be a pause in our activities. the agreement that has been agreed is that we will carry on with a week of activities. we have a whole week scheduled. chanting: we love you! and this evening, "we love you" was the chance for the 16—year—old swedish activist greta thunberg who has inspired young people to demonstrate around the world. we are the ones making a difference.
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it shouldn't be like that but since no one else is doing anything, we will have to do so. as night fell, police moved in to remove the last of the glued—down protesters from waterloo bridge. with a debate now within the movement about whether such tactics should continue, demonstrators will hold a public meeting tomorrow to discuss their next move. police in west yorkshire have arrested three men in connection with fires burning on ilkley moor. more than 70 firefighters and a helicopter have been battling a large fire covering around 25,000 square metres. don't forget, you can get in touch with me and some of the team on twitter. i'm @lvaughanjones. now on bbc news, sport today. hello, i'm mark edwarsonian and this is sport today, live from the bbc sport centre. coming up on this programme:
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he's a genie in a bottle. liverpool back on top as georginio winaldum helps the reds negotiate a tricky test in cardiff. the party is on as paok seal a first greek league title since 1985 with a crushing win over levadiakos. and it's another ligue1 championship in the bag for psg, sealed without even kicking a ball. fabio fognini becomes the oldest monte carlo champion in the open era after beating dusan lajovic in straight sets. hello and thanks for joining us on sport today. it's been one of the most epic title races the english premier league has ever seen. the lead has now changed an amazing 9 times since march 10th but liverpool are back on top of the epl. they won 2—0 at cardiff to go two points clear of manchester city, who have a game in hand. jurgen klopps men were made to work hard for victory at their
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relegation—threatened hosts.

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