tv Asia Business Report BBC News June 28, 2019 1:30am-1:46am BST
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at the 620 summit injapan. it is likely to be one of the most crucial meetings in years, with the us—china trade war, climate change and iranian sanctions on the agenda. donald trump is due to meet china's president xi on saturday. the second democratic presidential debate is due to begin in the us city of miami in the next hour. another ten candidates will be taking part, including frontrunnerjoe biden. and this story is doing well on bbc.com. england have won a place in the semi—finals of the women's world cup with a 3—0 victory over norway. they will play either france or the defending champions, the united states, on tuesday. that's all, stay with bbc news. and the top story in the uk:
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pressure is growing on the labour leader, jeremy corbyn, to overturn a decision to allow the north derby mp chris williamson back into the party. now on bbc news, live to singapore for asia business report. trump's 620 trade battles. the us president is set to go head—to—head with his chinese and indian cou nterpa rts with his chinese and indian counterparts in osaka. suited and booted. meet the to some of the world's top football players. 6ood morning, asia. hello, world. it is a friday, almost a weekend. 6lad morning, asia. hello, world. it is a friday, almost a weekend. glad you could join us for another exciting addition of asia business report. i'm rico hizon. we kick off the programme with the 620 summit which
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gets under way in osaka this friday. the main focus will be a series of meetings held by donald trump on the sidelines of the event. he is due to sit down with many of the global leaders including vladimir putin, narendra modi, and most importantly, china's xijinping. it is narendra modi, and most importantly, china's xi jinping. it is seen as a crucial step to restart negotiations over the bitter trade war between the world's two biggest economies. 0urjapan correspondent told me way these talks are so important not only to the us and china but to the rest of the world. the us- china trade dispute is really overshadowing this whole summit here in sucker. there is much concern around the world about this. at the moment we have got president trump threatening to impose tariffs on $325 billion worth of chinese goods, in addition to the tariffs he announced last year, and we have heard from the chinese side, the chinese foreign ministry spokesman saying he wouldn't give into what he
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called america's bullying tactics, we really have a trade—off —— fa ceoff we really have a trade—off —— faceoff between the chinese and the americans at the moment, and eve ryo ne americans at the moment, and everyone is concerned about the impact that is having notjust on the chinese economy and us economy but the world in general. yesterday the bbc spoke to the japanese foreign minister, and he expressed very clearly how this trade dispute can very clearly how this trade dispute ca n affect very clearly how this trade dispute can affect the whole of the world's trading system. today's global supply chain is so complex, no—one knows where — what is coming and going. so any trade conflict between two countries could have significant implications to anyone's economy. now, mrtrump is implications to anyone's economy. now, mr trump is due to meet with other world leaders here in osaka today, including indian prime minister narendra modi, the german chancellor, angela merkel, and the prime minister of japan, shinzo
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chancellor, angela merkel, and the prime minister ofjapan, shinzo abe, who is hosting this summit, and he has fired shot that all of them, particularly at the indian prime minister, saying that india has imposed unacceptable tariffs on us goods and they must be withdrawn immediately. so in his typical style, president trump has arrived here causing controversy, as he does. earlier i asked here causing controversy, as he does. earlierl asked our correspondent about how investors are hoping that this meeting will result in a trade war truce. it means a lot. at the end of the day we have been in a deep freeze since ten may, up until this 620 meeting, so ten may, up until this 620 meeting, so investors a re ten may, up until this 620 meeting, so investors are very excited to see what progress can be made stop i would say at a minimum we are going to see talks about future talks, so a commitment for further communication. and then the million dollar question is, in the beginning ofjuly, will president trump put further tariffs on that last remaining $325 billion of goods coming from china into the united states that are not subject to tariffs. but we heard from the treasury secretary, mnuchin, on
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thursday saying that a deal is almost done. it is 90% in the bag. what could still be the 10%? almost done. it is 90% in the bag. what could still be the 1096? to be fair, ithink what could still be the 1096? to be fair, i think we have been at this stage before and the last—minute things did still fall apart. so let's ta ke things did still fall apart. so let's take that with i think a bit ofa grain let's take that with i think a bit of a grain of salt at this stage. tomorrow, 10:30am hong kong, singapore time, 11:30am in tokyo, thatis singapore time, 11:30am in tokyo, that is when i understand presidents trump and xi are expected to sit down, and really up until that point we are at the stage ofjust guessing. and won't be just xi jinping going head—to—head with donald trump over trade. tensions have also been rising between and india over tariffs stop as the bbc‘s joe miller reports, that is set to affect the meeting with narendra modi. earlier this week, affect the meeting with narendra modi. earlierthis week, us secretary of state mike pompeo visited new delhi and he said the us and india were friends who could help each other around the world. just a few hours later, donald trump took to his twitter feed with a far
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more confrontational message. he called on india to remove tariffs on american exports and to allow us firms greater access to the large indian market. and this skirmish marks the latest in a series between the us and india. washington has been angered by india's refusal to allow certain dairy products to be sold here, and by the price on american manufacturers which puts them at a disadvantage, firms like mastercard and american express have been angered by india's new data localisation laws which forced them to keep a copy of transactions on indian soil. narendra modi's government would say the us has its pa rt government would say the us has its part to play in the escalating tensions. it refused to exempt new delhi from aluminium and steel ta riffs delhi from aluminium and steel tariffs and removed india from a preferential trade programme earlier this month. but, while donald trump's tweet may make the meeting between narendra modi and donald trump at the sidelines of the 620
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more uncomfortable, diplomats from both sides are keen to stress that any trade tensions can be sorted out around the negotiating table, and that the two countries' cooperation around things like defence and security will remain unaffected. in other business news making headlines, apple's chief designer is stepping down from the technology giant after working at the company for more than two decades. jony ive is responsible for designing the ipod, and the iphone. he is setting out his own new venture, with apple as its first client. the transition will occur later this year, with the company logically and 2020. twitter says it will identify and deemphasise tweets that broke its rules from politicians and government officials, in order to strike basically a balance between free expression and accountability. the social media giant says the new rules will apply to those accounts with more than 100,000 followers. critics have said twitter has not
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done enough to police tweets from politicians that would be removed if a typical user posted them. boeing's shares dropped almost 3% a day after us regulators identified a new issue in the boeing 737 max aircraft, that will delay the plane's returned to service. the aircraft has been grounded since mid march following two crashes that killed 346 people. the company is upgrading the plane's flight the company is upgrading the plane's flight control system, which is the focus of crash investigators. with the africa cup of nations under way, bbc sport africa has been to meet the tailor to some of the world's top footballers, including mo salah and sadio mane. he counts liverpool as clients as well as a host of premier league stars. he will make you a bespoke diamond dusted suit in
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under a week, but as the bbc‘s correspondent reports, it will cost you north of 40,000 us dollars. this is signature spoke in england, official suit producer of champions liverpool, which also includes the finest players, sadio mane and a little man called mo salah. the last two years or three years, the footballers started knocking on the door heavily. 0f footballers started knocking on the door heavily. of course, not by luck. we have created something they love. the word—of—mouth, when we start with one footballer, when dejan lovren came and we made him suits, isaid dejan lovren came and we made him suits, i said i dejan lovren came and we made him suits, isaid i have to dejan lovren came and we made him suits, i said i have to see the finished result. i have to see them on you. his dedication has seen him build a loyal base of footballers, from the likes of callum wilson, john stones and jordan bickford —— pickford to assess fabric gas. what
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makes a good suit? of course, the cloth will help to make a nice suit —— fabregas. but it is the way you cut the suit, the way it fits. the way it presents the person, to complement their lifestyle. when they look at him, say wow, i made it. with that in mind, let's see whether mo can turn a scruffy bbc journalist into a star. so say i am a footballer who has come in. what is your mentality? some ideas, what is your mentality? some ideas, what is the event, because you are the only one in the uk, we do it for four days. that is exceptional and expressive service. normally two weeks, three weeks. so as clients 90, weeks, three weeks. so as clients go, how difficult and picky can footballers be? very. some of them very picky. they know what they want. i like the challenge. it is bouncing back, you know? wow. that's
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exclusive to us in the north—west, 24 carat gold with platinum, and thatis 24 carat gold with platinum, and that is the diamond chip. so the dust of the diamonds being cooked on that cloth. and some beautiful colours. how much are we talking here? the jacket and waistcoat will be 35 grand, and the trousers will be 35 grand, and the trousers will be seven grand. perhaps a bit out of the price range of this lowly bbc journalist. mo, your bespoke suits, thanks but no thanks. i am happy with my $150 suit. and with that, we have your addition of asia business report. sport today is coming up next. this is bbc news. the top stories this hour: world leaders have been arriving ahead of the 620 summit injapan. trade wars, iran and climate change are all topics likely to dominate the meeting. the second democratic presidential debate gets underway very shortly. ten candidates will go
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head—to—head in miami. the car giant vauxhall has warned that the next generation of the vauxhall astra will be built in the uk as long as a satisfactory brexit deal is agreed. colletta smith has more from ellesmere port in cheshire, where that car could be built. this is really good news for the workforce here, after a couple of years of uncertainty, to be told that this is the site that will build the new vauxhall astra. but the company are reserving the right to pull that prize away if there's a no—deal brexit, effectively cutting a lifeline for more than 1,000 staff who work at the plant here, where the vauxhall astra and the opel astra are now the only products that are made on a site that has a 50—year history. around 80% of the cars that roll off the production line here are exported to europe. and that means that, whoever gets the job behind the door of number ten, whatever they manage
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to deliver or not deliver at the end of october will have a real—world impact here. and that's what the company are saying. if there is a no—deal, then it's no deal for the workers here at ellesmere port. and, at one stage in time, that kind of an unequivocal warning would have weighed heavily on the minds of decision—makers within government. but we are currently living in changed times, where that voice, however strong it may sound, is just one voice among a lot of competing noise. borisjohnson and jeremy hunt have faced party members on the south coast in hustings to be the next tory leader and prime minister, with attention on their policies and approach to brexit. we've gone a long way now by going out and asking brussels for this or that, and then being rebuffed, and feeling that we've got nowhere else to go. and i think it's time for a slight
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change in our approach. now, we've had a lot of discussion in these brexit debates about how, but not enough discussion about who. who is the prime minister we trust to go to brussels and sort this out? the duke and duchess of sussex will undertake an official visit to south africa this autumn at the request of the foreign & commonwealth office. there recently born son archie will be joining there recently born son archie will bejoining them for their there recently born son archie will be joining them for their first official tour as a family. the duke will also undertake a working visit to botswana while they are in the region. you can reach me on twitter. i'm @benmbland. now on bbc news, sport today. hello, i'm tulsen tollet and this is sport today, live from the bbc sport centre. coming up on this programme: england are through to the women's world cup semi—finals after a comprehensive
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3—0 win over norway. india coast past west indies at the cricket world cup winning by 125 runs at old trafford. and wimbledon champion angelique kerber moves past simona halep and into the semi—finals at the eastbourne international. hello and welcome to the programme, where we start with the footballing news that england are through to the women's world cup semi—finals after a 3—0 win over norway in le havre. phil neville's team remain on target to reach a first ever final, and watching was colm harrison. it's 24 years since norway were champions of the world, and 12 since they last reached the world cup's last four. no surprise they were underdogs against an england side bidding to reach a second successive semi—final. this game was less than
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