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

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a countrywide curfew for a second night. they want to put a stop to attacks on muslim—owned homes and shops in areas north of the capital colombo. they're believed to be a reprisal for the easter bombings that killed more than 250 people. philippine journalist maria ressa is in court on libel charges she says it's because of critical reporting on president duterte. last year, she was named one of time magazine's people of the year. and this video is trending on bbc.com. a camera in far east russia has captured amazing pictures of a fire in late april. the flames can be seen moving rapidly, below an oriental white stork nest, on top of a power pylon. despite the blaze, the nest wasn't harmed. that's all. stay with bbc world news. and the top story in the uk: there are calls for itv‘s
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jeremy kyle show to be taken off air for good after the death of a man who appeared on the programme. steve dymond died days afterfailing a lie—detector test on the show. now on bbc news, live to singapore for asia business report. china's tech titans. what we are learning today from alibaba and tense and reveal the impact of the trade war. saudi oil warning, kruuda slips despite another attack on the kingdom's energy infrastructure. —— crude oil slips. good morning, a jar. hello, world. it is a wednesday. glad you could join us foran wednesday. glad you could join us for an action packed edition of asia business report. i'm rico hizon. we start off with china's technology giants as aliba ba start off with china's technology giants as alibaba and tense and unveil quarterly numbers today.
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investors will be focusing on what they say is the impact of this ongoing trade dispute. this mariko oi looks at how enmeshed the companies are in china's everyday life. they are known as fangs. tech companies. they are the american companies. they are the american companies which dominate the industry. and they are part of our everyday life. china has its own version. bafta. not these either. it stands for china's biggest tech dryers. almost everything you do online in china is linked to one of these companies. so who are they? baidu does a search. it is in the same game as google. but while the us firm is a world leader in internet search everywhere else in
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the world, baidu dominates in china. next is alibaba. it is like amazon, but now much, much more. the company, founded by jack but now much, much more. the company, founded byjack ma, already i’u ns company, founded byjack ma, already runs the biggest online shopping day of the year. known as singles day. but alibaba has big ambitions. it has a mobile payments business. and it is pouring business into artificial intelligence. the t stands for tencent. not only is it the well‘s biggest gaming company by revenue, but it is also in the music streaming business —— wild. and have you heard of which had? it is china's most popular messaging platform. it is also a payments app where you can send money to your friends to split a bill, for example stop three tech giants that dominate life online for more than a billion
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people. but if they want to turn their sites beyond china, their success their sites beyond china, their success will depend on who has more bite. while. as mariko mentions, the letter a is alibaba. it is up nearly 50% on year ago levels. on mobiles they have lost almost 700 million active monthly users and has grown 596 in active monthly users and has grown 5% in three of the previous four quarters. the shares have been heard by the us china trade war. tencent is best known for its wechat messenger service, which last year had more than i messenger service, which last year had more thani billion daily messenger service, which last year had more than i billion daily active users. but it is gaining business which has been hit by beating's decision to freeze the approval of new games. the last quarterly results saw profitability slide by nearly one third. earlier i spoke
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with technology analyst sam reynolds and asked whether aliba ba's with technology analyst sam reynolds and asked whether alibaba's earnings will be impacted by this trade dispute. bestival, let's think of alibaba is a tech company are not a retailer. —— first of all. the growth story there will be cloud services. that will offset losses from the trade war and reductions in sales. now, the entire chinese ecosystem, be it rain sharing or social media requires cloud services. —— ride sharing. is growth that there will be growth in alibaba. what about tencent and its gaming and music streaming business? tencent had a problem last year which is where the government in china froze licenses for new games. that meant that they have a huge backlog of games in the system that won't yet allow to be sold in china. once that backlog is clear, which should be sometime this year, you will see a lot of growth with tencent. the other thing is tencent
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is exposed more to the us market. they have joint ventures with lots of us publishers. lots of big hits for the us which were brought into china by tencent. what about baidu. will their sales be affected by the ongoing trade dispute? welcome actually, with baidu it is more about a slowing economy in china. there big revenue sources ads, like google. when the economy slows ad sales slow. baidu is spinning how to build their ai business. that will show up in their report where they have lots of cash being spent. finally, baidu was trying to bring their own netflix like service and make it more mainstream in china. that is a huge content spent which means a big hit on cash a2. that is a huge content spent which means a big hit on cash 42. sam reynolds, a technology analyst based
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in taipei saudi arabia has been warning that another attack on its infrastructure is —— that is according to state media. king solomon oversaw a cabinet meeting after houthi rebels from yemen used drones to attack a vital pipeline. this comes days after two saudi oil tankers were targeted off the coast of the united arab emirates. earlier, i asked an oil analyst how significant these attacks were. at the moment, the attacks, although they had to suspend the operations at the two pump stations after the drone attack, it has not yet been disrupted. but this comes immediately after the attacks on the tankers. are they right to say then that these attacks will affect global oil supplies in the global economy? i think that at this point it is my now, in the sense that it will only be only impacting the
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market if it affects the flows of crude through the states or affects saudi crude and products and exports —— minor. saudi crude and products and exports -- minor. at this point they are blowing it out of proportion?” think they are being cautious. we see that any oil prices. we did see oil prices going up. we're still $71. we saw prices go up to $74 a few months ago. basically the market right now is concerned that this could signal an escalation in violence. in there could be other attacks that are more serious and could impact production. of course, this particular attack, plus the ongoing us iran tensions and added to the venezuela crisis is basically putting a lot of pressure on oil prices. yes. the market right now is fundamentally balanced but is in a
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very fragile condition because of the loss of iran exports and venezuela production continues to fall. so at this point the us seems to be relying on opec, led by saudi arabia, the uae, to fill up the supply arabia, the uae, to fill up the sunply gap arabia, the uae, to fill up the supply gap from iran exports. there will be on opec meeting next month to discuss extending its last round of output cuts. what will happen in that meeting was elloh it will be a very interesting meeting.” that meeting was elloh it will be a very interesting meeting. i think the group will probably look at the markets, reassess the possibility of potential disruption in supplies with the opec countries. what saudi arabia has implied or said before, that the output cut agreement could be extended to the second half of the year. at the same time, saudi arabia has offered some extra crude
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oil to its customers if they need it. and other business news making headlines, huawei has offered to sign agreements with governments including britain as it pushes back at us calls to boycott its technology. meanwhile, reuters is reporting that president trump is expected to sign an executive order this week banning american forms —— firms from using telle communications equipment created by those posing a national security risk. paving the way for a ban on doing business with huawei. the uk government has said that a bill implementing the brexit deal will go back to parliament in the first week ofjune. downing street said the move was, quote, imperative if the uk was to leave the eu before the mps summer recess. the government also confirmed that talks with the labour party would continue in an attempt to agree a way through the brexit impasse. let us have a quick
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look now at the markets. us stocks recovered some losses overnight. despite the gains on wall street we are seeing a mixed reaction from the asia—pacific market. the nikkei down by 48 points in early trade. that is about one fifth of a percent. the all ordinaries index up by ten points. that is zero we saw gains on wall street overnight after president trump called the escalating dispute with china a little squabble but said washington was still considering extending tarus to another $300 billion worth of chinese merchandise. and with that we are in this edition of asia business report —— tariffs. sport today is coming up next. this is bbc news. there's increased security and a second overnight curfew in sri lanka in response to a wave of anti—muslim violence on monday. there are calls for itv‘s ‘thejeremy kyle show‘ to be taken off air for good, after the death of a man who appeared
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on the programme. steve dymond died days afterfailing a lie—detector test on the show. known for it's often confrontational style, it's a key part of itv‘s daytime schedule. here's our media editor, amol rajan. all right, sweetheart? nice to see you. for 14 years, thejeremy kyle show has turned the innermost anguish of its guests into a public spectacle... shut up, i'm talking! applause. converting their fears and feuds into a televisual exhibition. guests go on willingly and generally know what they're getting into. one hardy perennial of the show is the lie—detector test. lying, cheating, horrible person! 63—year—old steve dymond underwent one of these in an episode filmed the week before last. its broadcast was cancelled in the wake of his death. dymond's former fiancee told the sun they went on the show to do the test to see if he was unfaithful. i knew he was going to fail it, because i held his hand and there was just nothing there. everyone felt the mood change. babette lucas—marriott, a student in manchester, was in the audience for the show that got pulled. he was crying from the very beginning, you know, and he was so convinced he would pass this test and that everything would be fine. and then, you know, they introduced themselves. "tell us about what's happened."
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and thenjeremy brings out the lie—detector test. and he asked the audience, "who thinks he's going to pass?", and 99% of the audience put their hand up, including myself, and then he said he'd failed. and you just saw him collapse to the ground. absolutelyjust couldn't believe what he'd heard. and, you know, he was begging his fiancee for forgiveness. having taken the show off air and removed archive from its catch—up service, itv reiterated that staff were "shocked and saddened at the news of the death of a participant in the show". others weren't surprised. the genre of tv that is based on the theatre of cruelty i don't think fits any more. exploiting the vulnerable, who are on the edge, and some of them will be pushed off the edge can hardly be a surprise. jeremy! arriving home this evening,
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kyle maintained his silence. itv has, inevitably, begun a review. you have to make sure that all the facts come out eventually and that you are taking it very seriously, which they demonstrably are taking it seriously. i think they're right to take the show off. i think there's a big question mark whether the show will ever come back. in a competitive environment, jeremy kyle show is a ratings success. the question is, at what price? amol rajan, bbc news. now on bbc news — sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme: antoine griezmann confirms he's leaving atletico madrid with the french world cup winner likely heading to barcelona. a blast from the past — formula 1 returns to the netherlands, as the latest grand prix to be added to the calendar.
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and some surprises at the italian open in rome — not least nick kyrgios starting with an underarm serve. hello and welcome to the programme where we start with the footballing news announced in the past couple of hours that antoine griezmann has confirmed he's leaving atletico madrid after five years at the club. it's understood spanish rival barcelona will pay the $135 million buyout clause. the french striker released this video on social media, produced by gerard pique's media company. speaking in spanish he said "it's been an incredible five years, thank you very much for everything." in his time at atletico he scored 133 goals in all competitions.

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