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tv   Asia Business Report  BBC News  May 13, 2019 1:30am-1:46am BST

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i'm ben bland with bbc news. our top story. a day of high drama in the english premier league, as manchester city clinch the crown for the second year running. city came back from a goal down to beat brighton 4—1. that victory clinched the premier league title for them, putting them just one point ahead of their nearest rivals, liverpool. millions of people are heading to the polls in the philippines, in elections which are widely expected to be a mid—term verdict on rodrigo duterte's presidency and these pictures are trending on bbc.com. they show people running, leaping and crawling across a 400—metre stretch of the river blackwater in eastern england. the annual maldon mud race attracts people from across europe, to raise money for charity. that's all. stay with bbc world news. and the top story in the uk: dominic hinds — a cabinet minister — has conceded that the upcoming
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elections to the european parliament will be difficult for the conservatives, and that some will see it as an opportunity for "the ultimate protest vote". now on bbc news live to singapore for asia business report. trombone tariffs, one the us president's top economic advisers contradicts the claim that china plays the levies. mumbai's metro, we meet the woman in charge of the first underground train system in india's financial sector. hello, welcome to this monday edition of asia business report, i am sharanjit leyl asia business report, i am sharanjit leyl. we start with donald trump who is doubled down on his contested claim that it is china that pays ta riffs claim that it is china that pays tariffs on its exports to the united states rather than american
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companies and consumers. he tweeted. that came just hours after one of the president's top economic advisers acknowledged that mr trump was wrong to suggest that it was beijing that will shoulder the burden of the levies. the chinese will suffer gdp losses and so forth with respect to a diminishing export market and goods that they may need for their own. but the president says china pays for the tariffs. they may suffer consequences but it is us businesses and consumers who pay, correct. to some extent and i don't disagree with that. both sides will suffer on this. larry kudlow there. our business reporter mariko
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oijoins there. our business reporter mariko oi joins us. what has china been saying? china says it wants to retaliate. so now, a total of $250 billion worth of chinese goods are subject to 25% import duties but the question is, how will china retaliate because it's running out of american imports to tax. china imports far less compared to how much the us imports from china so one thing beijing could do is to double the existing ta riffs could do is to double the existing tariffs but that would hurt chinese consumers. alternatively, it could make things harder for american companies operating in china but that could damage its reputation and the fact that ageing hasn't said how oi’ the fact that ageing hasn't said how or when it will retaliate means it may still be hoping to come to an agreement with the united states and there is still some time because the ta riffs there is still some time because the tariffs won't apply because that
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will already in transit, when the deadline passes, and with the shift across the pacific, that gives the two sides a grace period of up to four weeks to negotiate a settlement which could just be in time for the 620 which could just be in time for the g20 summit which will be taking place in osaka, japan injune when xijinping and place in osaka, japan injune when xi jinping and donald place in osaka, japan injune when xijinping and donald trump are likely to meet. so it will be a fact being ——we will be affected by this trade warfor a while being ——we will be affected by this trade war for a while to come. earlier, i spoke to james green who until last year was the most senior us trade official at its embassy in beijing. asked if he agrees. i think consumers and producers will be both
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affected. also, the window of progress, whether presidents might be at the g20. it happened late last night ourtime, be at the g20. it happened late last night our time, the chinese delegation had invited the us team to go to beijing. as someone who's worked on us trade issues before, how contentious are these issues and how contentious are these issues and how can the two sides move on? none of the things being discussed will be new to the chinese side or the other side. what us officials see and experience, but as i said, a very workmanlike attitude, and the chinese side, to put things down on paper. trying to find a solution. they meet next at the g20. it is anybody‘s guess what they are likely to each other. but how is that
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relationship looking, it's looking incredibly tenuous. from the start, president trump has put the emphasis ona president trump has put the emphasis on a relationship, that's incredibly important. i think that's what puts a lid on letting this trade action going to a larger point with countries. given the escalation in this trade war, regarding enforcement, problems might be cropping up as well. is there a possibility that a third party could potentially get involved, such as the world trade organisation. there are not a lot of credible voices. since last g20 in december, the two sides submit ten times so it's hard to say they are not talking, it's just that solutions have not been found. given there is a hard time thinking what the third—party might be, brokering something between the two countries but as you hinted,
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some european figures and others have cautioned there needs to be some solution so the effect sound reverberating throughout the global economy. in other business headlines, pakistan has reached a preliminary agreement with the international monetary fund on a $6 billion bailout, despite the prime minister ‘s repeated promises not to seek its help. pakistan is suffering from high inflation, weak growth and high levels of debt. many pakistanis feel it could lead to tax rises and cuts. looking ahead to this week, here are a few events you should be watching. first off we start with ms son, due to report their full year earnings on tuesday as it continues to grapple with the fallout of the ousting of its former boss, carlos ghosn. mid—week, chinese tech giant
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alibaba receptor were —— reveal its report card, with the slowdown likely to drag on its earnings. 0pec is due to release its monthly report. analysts will be watching closely for the impact of tougher oil sanctions against iran. and australian voters go to the polls on saturday for the general election and also the following day, sunday, the general election in india will begin to wrap up after the month long round of ballots there. let's talk about the train system in mumbai. well ahead of that election result. almost 8 million people use it every day and as you can imagine, it's in a state of disrepair. the city is building its first underground metro and the woman in charge of the project gave the bbc‘s monica miller talk 20 metres beneath
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india's financial centre. this is what mumbai's future is in there is going to be light at the end of this tunnel, maybe by 2021. roughly 8000 workers are on the job 2a hours, seven days a week, to get line three of the mumbai metro up and running, a vital new link to a public transit system that is choking from overcapacity. suburban railca rs system that is choking from overcapacity. suburban railcars are so overcrowded that officials say as many as ten passengers fall onto the tracks each day. this is one of the most difficult projects in india as of today so it is full of challenges. this underground metro will double its capacity with air—conditioned cars racing down 33.5 kilometres of track two key destinations in india's business hub. land acquisitions, temporary distillation —— displacement of 2800 families and heavy rains during monsoon season are some of the
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obstacles she's had to face. right from its structuring, its financing because this is almost $4.3 billion project so city government alone, state government can't fund it to budget so how to get it financially structured? it was a challenge and we did that with the help of the japanese international cooperation agency. mum buyers the world's second most densely populated city. in the last five years, the amount of cars on the road has grown by 50%. why has it taken so long to build a metro? was mention of this line which we are talking about in the cities develop and plan in the early 60s but it never took off since the suburban system was done. what advice do you give young women at this point you are interested in working in the civil service or the engineering field? although i said is more of a man's world, unless
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more and more women come in this world, the tag will never get changed and this is a field which is very safe or women. there are a lot of opportunities. yes, the amount that may be a phase where your family responsibilities and work responsibilities could clash but if you can manage that phase, then there is no looking back. there is a lot riding on the success of this. if all goes to plan, this groundbreaking project will give this city the infrastructure it needs. that's our programme, thanks for watching. this is bbc news the top stories this hour. manchester city have clinched the english premier league title ending the season just one point ahead of liverpool. more than 60 million people are heading to the polls in the philippines, in elections which will be a mid—term verdict on rodrigo duterte's presidency.
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the spy thriller killing eve was one of the big winners at tonight's bafta tv awards — taking best drama, best actress forjodie comer and best supporting actress for fiona shaw. ‘britain's got talent‘ and ‘i'm a celebrity‘ also won awards, despite presenter ant mcpartlin taking time out from both series last year. 0ur entertainment correspondent lizo mzimba reports. many of the biggest names from the small screen were on the red carpet for tonight's awards. tonight is intended to honour programmes that premiered first in the uk, however killing eve was shown first in america, but because of its significant british involvement, bafta decided to bend their own rules to make sure it was eligible, and it turned out to be the evening's big winner. it follows an mi5 operative hunting a charismatic female assassin, and won three awards including best drama and best actress forjodie comer, who paid tribute to the show‘s creator phoebe waller—bridge.
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phoeb, i feel so lucky that i can not only say i worked with you but i can call you a friend. you are the most talented person i know. thank you for being such an inspiration. i would really like to get away from new york if at all possible. there were two awards for drama. patrick melrose, best miniseries and best actor for benedict cumberbatch. no chance for a rushjob? there was double success for declan donnelly, together with partner ant, for britain's got talent, which won best entertainment show, and with stand—in partner holly willoughby for i'm a celebrity, which won best which won best reality and constructed factual. i'd like to see a thank you to holly for helping me out last year. you did a fantasticjob. standing in for ant, who has reluctantly come up here tonight. best tv moment went to bbc 0ne's bodyguard for a shock moment involving the show‘s main characters. and bafta's highest honour, the fellowship, went
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tojoan bakewell in recognition of her contribution to television over more than half a century. lizo mzimba, bbc news, at the baftas. the tv interviewer and former labour mp brian walden, has died at the age of 86. he was known for exacting the reason people won't vote for you as they think you are too dogmatic, that you have too much opinion, but you won't listen to anybody. he was known for exacting political interviews, including with margaret thatcher in 1989 which helped speed up the then—prime minister's downfall. brian walden died following complications from emphysema at his home in guernsey, on thursday. 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: manchester city celebrate with their fans after bringing the premier league trophy home. they beat liverpool by one point
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to retain the title. the wait goes on for their rivals. no league crown since 1990, but a champions league final to look forward to. and novak djokovic wins another title, to draw level with rafael nadal for masters wins. hello and welcome to the programme, where we start with the footballing news that manchester city have held their nerve on the final day of the premier league season, and retained the title. pep guardiola's side won 4—1 at brighton to see off liverpool byjust a single point. they took the trophy back to manchester to celebrate with their fans. city end the campaign with a record i4 successive league victories, making it 32 in all, equalling the record they set last season. back—to—back is more and more difficult, so the first time last season was perfect, and congratulations liveable for this incredible

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