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tv   Asia Business Report  BBC News  September 24, 2019 1:30am-1:46am BST

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our top story — teenage climate campaigner greta thunberg has delivered an angry address at the un climate change summit in new york, accusing world leaders of failing young people. she told world leaders that her generation will never forgive them if they fail to combat global warming, and she accused politicians of stealing her childhood and dreams. hundreds of thousands of people have been stranded as travel giant thomas cook declares bankupcy. britain has launched its biggest ever peacetime repatriation to bring home the passengers. and this story is gettign a lot of attention on our wesbite — the duchess of sussex has told teenage girls in a deprived part of south africa she is with them "as a woman of colour" and as their sister. prince harry, meghan and their baby son archie are in south africa for their first overseas tour as a family. that's all.
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and you can get all the latest on all our stories on our website, that's bbc.co.uk/news. analysis and in—depth reports from oui’ correspondence analysis and in—depth reports from our correspondence around the world. now on bbc news live to singapore for asia business report. 737 max family pay—outs, 11 months on from the first of the two fatal jet crashes, boeing starts accepting compensation claims. amazonian action, the boss of the brazilian company on why he is calling on the president to change his rainforest policies. good morning asia, hello world. tuesday, glad you could join us world. tuesday, glad you could join
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us for another exciting addition of asia business report. let's start off with boeing because families who lost relatives in the two fatal 737 max air crashes can now submit requests max air crashes can now submit req u ests to max air crashes can now submit requests to receive just under $145,000 each from the company. my colleague has the latest on this development. the fund was announced injuly, but some families aren't not happy about it. lawyers for some families have initially responded to the office saying that it was insufficient, but the world's biggest claim maker has set aside $50 million for direct payments to families of the 347 people who died in the indonesia and ethiopia flights. remember they occurred within five months of each other, raising concerns about the safety of the aircraft, and it led to a global grounding of the aircraft ‘s since
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march. it has been a huge blow to the compa ny‘s reputation march. it has been a huge blow to the company's reputation as well as its bottom line, and the fund has started accepting claims as rico mentioned, which must be submitted before 2020, so families are not given a lot of time to do this, but many of them are also pursuing the company in court, separately, and we are yet to find out whether the aircraft, with its new software, will be back in the air by the end of the year as hoped. thank you so much for the update. shifting attention to other business use, and thomas cook bosses are facing scrutiny as part of an investigation of the tour operator's collapse. uk business secretary has asked the receiver which oversees assets to look out, and whether the cost should be to the creditors or the pension schemes. the move comes over criticism of the bus‘s salaries at the failed company. us federal prosecutors reportedly conducted a
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criminal investigation into e—cigarette manufacturers are stubbing the firm, in which tobacco giant ultria over 35% stake is facing a crackdown and increased government ‘s predatory, as vaping among teenagers has surged to. one of the factors driving global markets this year has been the ongoing us china trade disputes. 15 months after the first tariffs were imposed, the dispute seems no closer to ending. high level negotiations are expected to take place before the 15th of october, and that is when the next round of us tariffs are due to kick in. earlier, i spoke with market analysts and was told by if all of those tariffs come into play and china retaliates, any hopes ofa play and china retaliates, any hopes of a global rebound in 2020 will be com pletely of a global rebound in 2020 will be completely wiped out. because you are already seeing signs of that
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rapid deterioration in global growth this year, and we just got data out of germany this morning whereby some forecasts say that they could see no growth this year, so based on signs we are seeing notjust for me to developed economies but also emerging economies, if these extra ta riffs emerging economies, if these extra tariffs come into play, then we could see that the global growth projections for next year i pretty much matching this year's number. even the economic growth of emerging companies here are continuing to slow down, and we have been hearing state m e nts slow down, and we have been hearing statements of donald trump that we won't sing a deal between the chinese and americans, even before the november 2020 election, so is this a sign that we could see a global recession next year? know, thatis global recession next year? know, that is no basecase. we don't expect a global recession. we expect there to be some measure of growth. the latest projections from last week expect 3.2% next year. the message
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here is that there is a rebound that is expected, we think of those expectations, a rebound could be snuffed out if those extra tariffs come into play over the coming months. is no rebound, but of course there are winners and losers in these kinds of situations. in your view, which is an economy or economies stand to gain any hope of a rebound next year? in the case of a rebound next year? in the case of a rebound, you have open and trade dependent economies such as singapore, south korea, they stand to benefit if the rebound is significant enough, but looking at what we have seen this year, vietnam has been a stellar story in terms of being able to carve up opportunities, with these global challenges. an economic slowdown in india is having a industries for industries for industries that employ millions of people. the automatic sector is in bad shape, but it is notjust causing problems in car sales. the wheels are coming
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off india's auto sector. indians are buying the numbers of cars they were last year. that luxury cars, suvs, and small cars. sales of passenger vehicles are down across the board. just as people are put off buying cars, they are also offered other purchases. that means if trucks on india's roads because manufacturing and production has slowed down as well. small business is struggling the most stuffy sales of light commercial vehicles, these are the ones that moves more cargo around shorter distances, have fallen sharply. and in rural areas, if you are tightening about because of the economic slowdown, you're not going to make big purchases. sales of tractors are down as well, so why are auto sales collapsing so badly? experts say a 2060 ban on cash, the adoption of a new sales tax a year later, a crisis in the financial
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sector, and stricter emissions targets have all hit demand hard. — 2016. india is growing at its lowest rate in more than six years and we are seeing some serious shock waves asa are seeing some serious shock waves as a result. its second—biggest maker is shutting down plants for as many of 18 days this month, and india's largest motor company has seen a india's largest motor company has seen a 50% drop in sales of heavy duty trucks. all this spells more bad news for the 37 million people who work in the auto industry. automakers hope the upcoming festival season will help your consumer demand, a key driver of growth in india's economy. but for that to happen, people will need to buy not only more cars but more of everything, from farm produce packaged goods. brazil's president rico bolsonaro is expected to defend his policies regarding the amazon. we spoke to him earlier and we have
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this interview with the ceo of natura. we are extremely concerned that the current situation in the amazon. primarily because there is not much dialogue going on. our history has proven that it is possible to promote economic development and protect the forest at the same time. but that depends ona at the same time. but that depends on a continuous dialogue between communities who live there, companies, governments and ngos, agricultural producers, and that is lacking at this point in time. what is the compa ny‘s lacking at this point in time. what is the company's assessment of how this whole crisis is being handled? the brazilian government should be basically facilitating all of those actors to come together. right now,
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thatis actors to come together. right now, that is not happening. so we are taking a step forward, as one of the companies that has developed deep knowledge of the forest, to try and play a little bit of that role, and bring everyone together, including the government of course. a great number of international companies are boycotting products that have any links to the embers on. is that affecting akrotiri as well? we are concerned with the image of the country at this point in time. as regards to our own country, our history, so long there we have proven oui’ history, so long there we have proven our deepest care for the forest, for many many decades, that we are particularly not concerned because we can show to our we are particularly not concerned because we can show to oui’ consumers what we do and what we have been doing for so long, but that is not good for the country. at all. that
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was natura's chief executive speaking to the bbc. before we go, here is a quick recap of the story of the hour. families that lost relatives in the fatal boeing crashes can now receive requests to receive $145,000 each from the company. a quick look now at the us markets, and asian markets, the nick kay is up a third of a percent, the warlord is a 10th of%, —— nikkei. that is mirroring us stocks which ended flat overnight. welcome, you are watching the bbc news. there are calls for more to be
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done to support young people who witness violent crime. the charity in london claims that hundreds of children suffered trauma as a result of what they have seen on the capital streets, and are themselves at risk of being lowered into gangster. we have been investigating. i have lived in hatley all my life, a wonderful place to live,. as an area deeply affected by knife crime, and asa area deeply affected by knife crime, and as a mother, it is very concerning. seems like this are also common here, and across the capital. when it comes to violent crime, and there is lots of hope are grieving relatives, and rightly so. what what about the innocent bystanders who witness knife and gun crime. three yea rs witness knife and gun crime. three years ago, jade was involved. my boyfriend, he was involved, and it went from one thing to another, knives got pulled out of bags and in the corner, my friend was literally bleeding, lots of stab wounds, and i didn't realise it was that bad until he fell in my arms. i don't think i
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got a lot of support with mentally understanding what happened. jade's friend was pronounced dead a few hours later. no child who has witnessed such tragedies should end up witnessed such tragedies should end up as isolated as jade was. it is the main reason i set up a piece in the main reason i set up a piece in the streets, a collective of individuals and business dedicated to helping kids whose lives have been damaged by violent crime. caleb spent much of his childhood in the south london estate, and the vanity experience left him scarred. seeing someone experience left him scarred. seeing someone get stabbed was another day kind of thing. it would be a shock, but life moves on. now looking back, i could see the effect that it can have on people. a lot of people in
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the area have ptsd. there is growing evidence that child witnesses of violent crime and upping perpetrators of violent crime themselves. the mindset is if you ta ke themselves. the mindset is if you take one of mine, i will take one of yours, causing perpetual valence. a lot of young people don't want to live the lifestyle they are leaving but they are forced to limit. he avoided that, and chose different path. our support is aimed at survivors going through life, going to school, and they get depressed and stop planning. if they lived to 18 and 21, that is a big deal now. recently, the ministry ofjustice announced a trial project that will provide free specialist support to children who witness a serious violence. i am children who witness a serious violence. iam pleased children who witness a serious violence. i am pleased that the government is finally acknowledging and supporting these hidden victims by experiences show that much more needs to be done. stephanie thomas making us aware of that. lots more on our website. mike embley will be here at 2am, but now it is time for sport today. goodbye. welcome, you are watching the bbc news.
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coming up on this programme: no worries for wales who kick—start their world cup campaign with a win. messi wins the men's title at the best fifa football awards while it's megan rapinoe who wins the women's prize. kerberjust can't catch a break. the triple major winner knocked out in the first round — again! hello, and thanks for joining us on sport today. we're going to kick things off in japan, where wales got their rugby world cup campaign under way with a 43—14 win over georgia earlier. warren gatland's side scored six tries ensuring a bonus point by half—time, but did struggle in a scrappy second half in toyota. katie gornall was there for us. wales have their world cup off to their perfect start here in toyota against joy
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their perfect start here in toyota againstjoy loads

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