tv Asia Business Report BBC News July 8, 2019 1:30am-1:46am BST
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bbc news has found evidence of the international links of the gunman accused of killing more than 50 people at mosques in christchurch, in new zealand three months ago. the investigation uncovered a growing online network which the far—right uses, but which is largely unobserved by the security services. protesters have again clashed with police in hong kong after demonstrations against the government's plan to legalise the extradition of people to china. and the usa's triumph at the women's world cup in france is doing rather well on our website. they overcame a resolute dutch side to retain their title. the world cup has enjoyed record tv audiences for women's football, particularly in europe and south america. congratulations to them. that's all. stay with bbc world news.
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as always we have lots more on our website. but now it's time to catch up website. but now it's time to catch up with mariko in the asia business report. dodger downsizing. one of the world's because banks is slashing its workforce by 20%. digital goals — we'll bring you the highlights of the world cup for robots. good morning and welcome to this monday addition of asia business report alive singapore with me, mariko oi. let's begin with one of the world's biggest banks. deutsche bank has confirmed it will cut 18,000 jobs over three years. it is pa rt 18,000 jobs over three years. it is part of a radical reorganisation of the german lender which is drinking
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its investment banking business. it hasn't said wherejobs its investment banking business. it hasn't said where jobs will be lost, but with almost 8000 staff, london is the home of its biggest trading operation. there, our reporter katie austin reports. on a fairly long list of long—term problems the german bank had been facing, falling share price and money laundering scandal, it had been widely expected to cut back its underperforming investment operations. it's announced a radical reshaping plan which will see it significantly reduce it investment banking arm, stopping many of its share trading operations. now, along the way, 18,000 jobs will go as a result globally, that will be by 2022. it hasn't pinpointed exactly where in the world the actual file, but as dodger bank employs 8000 people nearly across the uk, and due to the nature of the activities a dozen city of london, people are expecting london to take a fairly heavy hit from those job losses —— in the city
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of london. not alljob analyst think this move will solve all of dodger bank's problems —— deutsche bank, but it needs to do something to as it struggles to compete against the dominant investment banks. first warnings to run over its nuclear ambitions. they run announced it will break a limit set on uranium enrichment in breach of a landmark 2015 deal. monica miller has been following this story and joins me from the newsroom. monica, attention seem to be on the rise again? the us as it will continue to pressure iran, justa as it will continue to pressure iran, just a few hours ago, president donald trump set a stern warning to tay run as he headed up his holiday weekend and went back to washington, dc —— at a run. ——
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tehran. sunday was the deadline for the five remaining signatories of the five remaining signatories of the 2015 deal to decide if they were in or out. tehran is basing their economy right now, they are looking at the sanctions and were relying on those members to stay onboard. that time has come and gone. iran is saying they are going to continue with their enriched uranium programme. this kind of fuel can be used for nuclear power plant or it be used for nuclear weapons. tehran all along has said they will not be using the fuel for this purpose. so where do you go from here? european leaders are now discussing exactly what those next steps will look like and us secretary of state mike pao says this move will only isolate tehran even more and they need to be ready for the fact that they will face additional sanctions. of course we will continue monitoring how oil prices might be affected as well.
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monica miller, in the newsroom, thank you. let's look ahead to the week. we get the minutes from the last us federal reserve meeting, and investors will be looking for any kind of signals on the timing and size of future interest rate cuts. jerome powell is also speaking to lawmakers on wednesday and thursday. key data that the fed will be monitoring its inflation figures that will be released on thursday. then, on friday, there's trading after china —— out of china, that's after china —— out of china, that's after washington and beijing resume talks hoping to strike a trade deal. i arced mark —— i asked margaret young, market analyst, whether it would derail expectations of an imminent interest rate cut. last friday's job data was very good, meeting expectations. some 220,000 jobs were added to the payroll, which is higher than the industry's
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consensus of 160,000. it's a big rising up from previous months' reading of 7.3 thousand. so these very strong job data underscore the strength of the us economy and employment market. but at the same time they also reduced expectation for a very deep interest rate cut by the federal reserve by the end of this month. so according to the futures market, the market is now seeing 95% probability of a 25 current and only a 25% chance of a 15 bits current. the rate cut is just going to be a moderate cut instead of a deep cut. i don't think donald trump is necessary for him to emphasise a cut by — in his latest twitter because the market sees a 100% chance that if the fed does
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nothing, there's going to be a big surprise to the market and we will see negative reaction. investors are also monitoring chinese trade data and what is going to happen between the us and china happens to it does not come to a trade deal, are you optimistic? i'm very cautiously - and a bit sceptical of any material deal between the us and china to come out in the near term. last friday we saw that china has mentioned conditions of a deal to be made, one is the us needs to withdraw the current 25% tariffs on its 200 billion goods that ships to the us. i don't think this is something washington is willing to give up, so now the trade talks are in need to look again —— deadlock, and we have so many intellectual property and structural reform issues that haven't been touched yet. margaret young speaking to me earlier. the letter that you with other business news making headlines this morning: local saudi arabian
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airline: flyer deal has —— flyadeal is suspending its orderfor 30 boeing mac 77. the women's world cup has been attracting record audiences but are rather different verbal competition has been taken place —— taking place in australia. robocop 20 nineteenths or more than 30 countries travelling to sydney to play robot foot tehranfl old. hywel griffith found out they take it all pretty seriously —— playing robot football. it's the beautiful game but not as
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you know it. yes, there are moments of drama, outrageous tackles, and of course, goals. come on! but this is modern day football with a difference. this is jack, a good—sized robot from germany. difference. this is jack, a good-sized robot from germany. this is from another lens. this is an aduu is from another lens. this is an adult sized robot from cheyna. yes, they are designed and programmed by humans, but once they are on the pitch it is up to them. the robots are autonomous, they have to see the ball themselves and make their own decisions, there is no remote controls. the team compared in different classifications. the games can be unpredictable, sometimes exhausting to watch, a bit like the real thing, then. exhausting to watch, a bit like the realthing, then. a lot exhausting to watch, a bit like the real thing, then. a lot of teams don't get much sleep during the
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competition but of course there's the entire year of development that comes before. it's very serious, absolutely. we want to win every match, but we have won some games and lost some games. last year's champions in the mid—size league we re champions in the mid—size league were tech united from the netherlands. since the first robocup in1998, netherlands. since the first robocup in 1998, the game has evolved. now it's not just about technique, in 1998, the game has evolved. now it's notjust about technique, but tactics. what you saw a few years backis tactics. what you saw a few years back is robots that were good at shooting only passing only, —— shooting only passing only, —— shooting only, passing only, that was enough, but now you need to combine all of those things to make a good strategy and make sure the robots work together. there is more than just circuitry, football depends on natural, human instincts, something the robots aren't blessed with. but as they become more sophisticated and work as a team, they can apply those skills to other fields. the ultimate challenge is still way off, but by 2050, the aim is to have a robot team that can
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play and beat the humans at their own game. hywel griffith, bbc news, sydney. let's now show you the markets before we go because japan's nick ayers has opened lower, nearly by 1% this morning, a sickly following while street which because of the strong jobs data that margaret was talking about, reducing hopes very big rate cut later this month. also geopolitical worries that monica was talking about with iran adding to woes, this is how was street ended on friday. all in the negative territory. that's it for this edition of the asia business report, thank you for watching. this is bbc news the top stories this hour: bbc news finds more evidence of the international links of the man accused of the christchurch mosque attacks the usa have decisively won the women's football world cup after a tournament that has given
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new momentum to the sport. many working parents find it stressfuljuggling time in the office with childcare. the government says it wants to support businesses to deliver more family—friendly policies. there are particular challenges for people who are freelance, or work for small companies. but there are some signs things are changing, as dougal shaw reports. this looks like a fairly typical office or a trend in london tech start—up —— trendy, but there is something different. working adults share the space with children. there are also quieter, more traditional office areas. rents are encouraged to be with their children while working. it is seen as perfectly normal. the boss of the small company provides a childminder during school holidays to look after children on site. if more people didn't have to lose half a day because of travelling, like, ijust
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thought what word i have wanted when i was thought what word i have wanted when iwasa thought what word i have wanted when i was a new working mother? i was astounded by the lack of childcare in the workplace. what she is offering as part of —— is part of a wider trend. small companies are increasingly looking very convenient childcare arrangement to attract the best talent. this co— working space is one of several now to offer a nursery on the presents. it has space for children to play on the roof, as well as a nursery in the basement. from which adults can then easily reach their workstations. basement. from which adults can then easily reach their workstationsm makes it easy for me because i know idrop makes it easy for me because i know i drop her off, she is downstairs, if anything happens, i can be straight back to my desk in seconds. i sort of feel this is how working women should be able to be. you won't tempted to go check on her all the time? no, because i have lots to do. she's got lots to do, too, with
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lots of people who care and love her, sol lots of people who care and love her, so i don't want to interrupt that. this is in london, the man behind things this is a new expectation that needs to be met. my hope is that if we look ahead in ten yea rs hope is that if we look ahead in ten years time, why can't every new office development have childcare facilities in it? itjust requires will and ambition and a recognition that working parents and small businesses need access to childcare. dougal shaw, the busy news. —— bbc news. hello, this is sport today, live from the bbc sport centre. coming up on this programme: the usa have won the fifa women's world cup for a record—extending fourth time. reaction from france on the way. megan rapinoe takes
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the individual awards. the co—captain wins the golden boot and player of the tournament. brazil are copa america champions. the host nation secure victory over peru to end a 12—year wait for the trophy. welcome to sport today. the united states won the women's world cup for a record fourth time. they overpowered the netherlands in lyon. megan rapinoe's penalty and rose lavelle's goal gave the defending champions victory in the second half, after resilient defending from the dutch. here is our sports correspondent katie gornall. lyon, a city at the confluence of the rhone and the saone — a place where two rivers become one, and where from two finalists will emerge one champion. the odds pointed towards a us celebration. no country has won more than them. while the netherlands fans were enjoying a world cup final for the first time. the usa expected to be here.
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