tv Asia Business Report BBC News August 26, 2019 1:30am-1:46am BST
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out in june. police also fired rubber bullets and tear gas and used two water cannon vehicles to clear barricades and disperse crowds. the iranian foreign minister has made an unexpected appearance at the g7 summit in france. earlier, the french president emmanel macron said g7 leaders had agreed a common stance on iran. and you won't be surprised to hear that this story is doing well on bbc.com. the england cricket team has pulled off an astonishing victory in the third match of the ashes test series against australia. batsman ben stokes almost single—handedly won the match, scoring a 135 not out. that's all. stay with bbc world news. and the top story in the uk:
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borisjohnson has played down the chances of negotiating a brexit agreement with the eu before the uk is due to leave at the end of october. now on bbc news, live to singapore for asia business report. trade war markets fallout. asian stocks slide and the yen rises as the us—china conflict escalates. robots in ageing societies. how mechanical workers could come to the rescue as we all live longer. hello and welcome to asia business report, i'm sharanjit leyl. we start with the trade war because stock markets in asia have slumped and the japanese yen has jumped as the conflict that wean the us and china intensifies. let's look at the
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markets now, because the futures we re markets now, because the futures were pointing to a lower open and true enough japan's nikkei were pointing to a lower open and true enouthapan‘s nikkei is down 2.596 true enouthapan‘s nikkei is down 2.5% and the all ordinaries down as well. the japanese yen is rising, a safe haven in volatile times like this, and the hang seng opens later. that comes after washington raise levies on friday on imports after beijing revealed plans to increase us duties. chris buckler reports from washington. president donald trump left washington for france having fired off the latest shots in this trade warand off the latest shots in this trade war and when he arrived at the g7 summit he was asked by reporters if he had any regrets in taking that decision to raise tariffs on chinese goods by 5%, and the president seemed to indicate he had some regrets but white house officials have been quick to step in and clarify that what the president was trying to say is he regretted not raising the tariffs even higher, and
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that might be an indication that this battle between washington and beijing is farfrom over. the big question is what happens next. the us treasury secretary steve mnuchin says donald trump is still determined to try to force some concessions from beijing. meanwhile, all of the officials have been trying to clarify other comments made by mrtrump trying to clarify other comments made by mr trump on friday in which he ordered, and that was the word he used, ordered american companies with interests in china to look elsewhere for their operations. mr trump has been saying he does believe he has the power if he was to declare a national emergency to full stem to do that, to look elsewhere and base their interests elsewhere, however he wasn't considering declaring a national emergency at the moment. chris buckler there. the japanese yen has risen sharply as investors look for
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safely and earlier i asked market a nalyst safely and earlier i asked market a na lyst jeff safely and earlier i asked market a nalyst jeff hayley safely and earlier i asked market analyst jeff hayley which safely and earlier i asked market analystjeff hayley which safe haven exits he expects investors to rush into. we've seen the yen rallying earlier this morning in early twilight zone trading. gold has opened up higher as well i look at my screams. there will be a lot of flow into gold, swiss francs and yen during the day, and that's a trend that will continue through the week. a gauge on how all of these trade tensions will play out. we've got us growth numbers out this week. numbers from in india. what are we expected to see? will the us economy for once... there's lots of predictions it could be plunged into a recession. actually the gdp figures in the united states are still going to show consistent both. slowing, but still consistent
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growth. us data has thus far held up very well in the initial stages of this trade war. i do feel, though, that this trade war and the tariffs et cetera et cetera and their effect and their blowback through regional economies around asia are going to cast a blanket over what should have been a very important week for data around the world, including the united states. jeffrey halley there. also at the g7 summit in france, the us andjapan also at the g7 summit in france, the us and japan have agreed in principle to core elements of a trade deal that president donald trump and prime minister shinzo abe hope to sign in new york next month. if finalised, the agreement would cool a dispute between the two allies as the trade war between washington and beijing escalates. now, scrubbing floors, serving food and even giving massages. these are some of the few jobs that and even giving massages. these are some of the fewjobs that in singapore are increasingly being
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done by that right there, that's right, it's a robot, as lucy martin finds out. part of the shift to automation is down to the citystate's ageing population. hello, my name is ella. nice to meet you. giving new meaning to the term modern art, this robot is working as a cleaner at singapore's national gallery but apart from scrubbing floors, it also tells jokes. gallery but apart from scrubbing floors, it also tellsjokes. how gallery but apart from scrubbing floors, it also tells jokes. how do trees access the internet? they log on. and it breaks out in song... ella doesn't need a lunch break and she costs around $1000 per month to rent. she could be the perfect employee. i think it's brilliant stop i've never seen one before and
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i think it's fabulous. we should have won. 300 of these robots will be singing, dancing and cleaning their way across singapore by march, but with these machines doing jobs normally performed by people, what does that mean for the human workforce? hi, so sorry but you're in my way. could you please move? sorry! the company behind these robots says they're actually helping to address singapore's labour shortage. they clean well, they work as a team and they support the human bodies, the human cleaners to do the jobs, to do the mundane, the boring, the dangerous so the cleaners can actually do a lot more and be more productive. not everyone is convinced. i have a fear of robots taking over the world and i feel like it's starting already. maybe she just hasn't met the right robot yet. this is emma, a machine masseuse with a human touch.
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surprisingly good when she touches me, it is gentle. just like her robot cleaning colleagues, emma was built and designed in singapore. her inventors can't keep up with demand from other countries. her inventors say this is the tip of the iceberg stop you will see more work robots in places outside factories but it won't replace humans. it is a human assistant. it is not going to say i'm your boss. while a robot boss might not be a near—term scenario. perhaps the time has come for employees to welcome a new breed of battery—powered work buddies. lucy martin, bbc news, singapore. adorable but scary! earlier i asked a technology researcher whether robots will eventually be doing all of ourjobs in a few years.
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robots will eventually be doing all of ourjobs in a few yearslj robots will eventually be doing all of ourjobs in a few years. i think it is certainly a wake—up call for everyone. the robots are certainly arriving. it isn't all too bad having said that. certainly automation is changing the labour sector in a very large way. we are seeing a whole slew ofjobs being replaced. for example, if you are weight staff you can expect to lose yourjob in the next few years because waiting will be replaced by robots. checkout counters in supermarkets will be replaced. all of that will be in the past. but we can find of that will be in the past. but we canfind a of that will be in the past. but we can find a lot of comfort because there's still a lot ofjobs out there's still a lot ofjobs out there that can't be replaced by robots because of the complexity of these jobs. robots because of the complexity of thesejobs. a very robots because of the complexity of these jobs. a very good indicator, litmus test, that you're on a sure footing in your career is if there's a certain amount of complexity and humanjudgement a certain amount of complexity and human judgement and expression, a certain amount of complexity and humanjudgement and expression, one could say. the softer skills, so to
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speak. your really on safe ground. these people obviously have the skills, but what about the people that need to be skilled, need to be trained. you say it's going to take lots of investments into human capital to make sure the current workforce will be the supervisors and managers of technology in the future. seems like a huge investment to make, so can governments and companies do this? what will it take? the answer is they should but whether they can is another question. there's a wake—up call going across southeast asia in terms of the reportage coming from indonesia over the last few weeks. a significant number of jobs have indonesia over the last few weeks. a significant number ofjobs have been replaced by automation and thejoko widodo administration is putting more attention on these issues and making decisions about making more investments in upskilling and training workers to make sure that if they are not displaced they will be newjobs to be found in certain
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industries where the job roles will be transformed or such that they are not going to be displaced but they will work alongside robotics and artificial intelligence. graham 0ng—webb on artificial technology and robots. let's ta ke technology and robots. let's take a look at the markets, because this is where they are. as i mentioned at the start of the programme, they're mentioned at the start of the programme, they‘ re falling mentioned at the start of the programme, they're falling in reaction to the concerns over the trade war and the escalation there. the analyst i spoke to earlier, too, he said goal was a safe haven. gold at its highest since 2013. that's it from me programme “— at its highest since 2013. that's it from me programme —— earlier, heff halley. thanks for watching. —— jeff halley. this is bbc news the top stories this hour: police in hong kong fire a warning shot at protestors as anti—government demonstrations continue. water cannon has been used on protesters for the first time. it's been family day at the notting hill carnival,
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which has seen record temperatures. a 72—second silence was held for the victims of the grenfell fire. around a million people are thought to have taken part in the long—standing celebration of caribbean heritage. james waterhouse reports. whether it's feathers, skates or a bit of engine oil, thousands have been choosing their own way to party as the notting hill carnival returns. bringing people altogether to come and enjoy ourselves, have fun, love our music, love our food, that's what we're here for. people are free, everyone's out there enjoying themselves, you know, a nice environment where you get together with different cultures. this unmistakable wall of noise and colour reminds you that this is one of the biggest community celebrations in the world. but the question this year for politicians more than ever
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is how this positivity is translated beyond these two days. because it's those same communities which have been affected by never before seen levels of violence and knife crime in the city. also, in what is now become tradition, carnival pauses for 72 seconds. half a mile away from the grenfell tower, it's for each person who was killed two years ago in that fire. and the mingling mayor of london isn't happy with the progress made since. families who were promised they'd be rehoused within weeks are still living in temporary accommodation more than 2.5 years on. i worry about the delay in phase two of the inquiry beginning which means that the lessons that need to be learnt are not yet learned. away from remembering, things kicked off with thej'ouvert, where paint is thrown over each other. then, as temperatures hit new heights, 32.7 celsius to be precise, it was the turn of the children's parade. we have lots of different bands on the road today, but all the bandleaders are friends and we all work together to create this magic,
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so it's very important for us to be sending that message that it's all about unity, fun, culture and vibes. 12,500 police officers have the job of keeping around a million people safe. their priority today — having a good time. james waterhouse, bbc london at the notting hill carnival. all major uk airports have been told to introduce new 3d baggage screening equipment before the end of 2022. ministers say it will boost security, speed up pre—boarding checks and could end the restrictions on travelling with liquids and laptops. 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: ben stokes guides england to an historic victroy over australia at headingley to level the ashes series at 1—1. rory mciroy wins the tour championship, the fed ex cup
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and with it a cool $15 million after his four shot victory in atla nta. and antoine griezmann scores twice as barcelona win 5—2 at home to real betis. hello and welcome to the programme where we start with cricket — and the test series between england and australia is now level after the home side pulled off one of the biggest run chases in history to win the 3rd test at leeds — thanks to the exploits of ben stokes. chasing an improbable 359 to win, england were still 73 runs short of their target when the 9th wicket went down — but stokes hit an unbeaten 135, to steer his side to victory by 1 wicket. walking off that the end when i thought the whole of headingley was celebrating, it was a very special
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