tv Asia Business Report BBC News October 11, 2019 1:30am-1:46am BST
1:30 am
hello, i hello, lam hello, i am the walla mcgovern with bbc news. our top story: turkish forces step up their offensive on kurdish—held areas in northern syria. as tens of thousands of civilians flee their homes — president trump said his administration is looking at ways to deal with the turkish assault. japan is preparing for the arrival of typhoon hagibis. the authorities are warning people of torrential rain, fierce winds and storm surges. two rugby world cup matches have been cancelled and formula 1 could also be affected. and this video is trending on bb.com. the former world number one women's tennis player, naomi osaka, has taken steps to give up her us citizenship to play forjapan in the 2020 olympics. the 21—year—old star, whose parents are haitian and japanese, grew up in new york. japanese laws require those with dual citizenship to select one country before turning 22. those are the headlines. stay with bbc world news.
1:31 am
you can find out more on our website, bbc. / news, oryou you can find out more on our website, bbc. / news, or you can download the bbc news up. now on bbc news, live to singapore for asia business report. talks resume. wall street ends on high hopes as trade talks between the us and china may wait for a partial deal. and a meeting by the sea, leaders of china and india are scheduled to meet in each nab to resort —— chennai beach resort to earn out their differences. hello, and welcome to iron —— this
1:32 am
evening's edition of asia business report. talks resume between the us and china in a bid to end their damaging trade war. together the us and china cover more than 40% of the global economy, and the bitter stand—off is rocking businesses around the world. as you can see, australia and japan are both higher, they are following wild street‘s lead, because us stocks rose in anticipation that top—level trade talks with and with at least a partial deal. us president donald trump gave investors some hope after tweeting that he would sit down with amazing officials for a second day, that is a positive sign that progress is being made. lee is a former trade adviser to the obama administration.
1:33 am
he is very interested in changing the domestic conversation away from his problems, this could just be an opportunity. remember, donald trump is currently torn right now, doing a deal with china would lift the markets, it would lift his popularity, it would allow him to go into the election cycle saying he could accomplish what he wanted to do with china, but there is this issue whether it would unravel by the time the actual election comes. here is some the time the actual election comes. here is some concern the time the actual election comes. here is some concern that he would like to see any kind of deal closer to that time. do you see that happening closer to the time as well? it's hard to tell. we've been here before when it looked like a breakthrough was imminent, only to be disappointed. clearly economic costs are rising on both sides and i agree there is pressure for a deal. on the other hand, the us i'd started this with a focus on concern about forced technology transfer, intellectual property, subsidies for
1:34 am
key industries, it isn't clear there is going to be any breakthrough on those key issues, and that would strictly limit the progress in the short run. you have advised the signees side in the past, what are they seeking? —— the chinese side, are they going to buy more us agricultural goods? this falls short of the comprehensive trade agreement the two sides were discussing earlier this year. with this round perhaps give something of a retrieve for the trade escalation that we've been seeing in recent months?” think china is looking for a trade truce. obviously both sides are hurting as you have indicated. now at this point, it's not clear there will ever be any kind of big breakthrough with the adr in beijing being they will never allow chinese policies to be made in washington, dc -- the policies to be made in washington, dc —— the idea. now there are narratives about intellectual property theft and of the issues my
1:35 am
friend talked about. but from the chinese perspective, they have a very, very successful model. bc the us also favouring industries like boeing, et cetera, and they see this is kind of hypocritical. this idea intellectual property theft that is a lwa ys intellectual property theft that is always being produced, not clear there is a lot of actual evidence behind it. chabbey the robot is not a smoking gun. lee, you worked for the previous administration, the obama administration, we do not agree to some extent that this administration has gone further in taking china to task over its trade practices? i agree they have instituted a lot of policies designed to punish china, but my concern designed to punish china, but my concern is that it is going to be quite ineffective. the policies that have been implemented by the trump
1:36 am
administration have been quite indiscriminate. from the us to india, where china's president xi jinping is visiting narendra modi this weekend. the two leaders have plenty to talk about including security measures along their u nsettled security measures along their unsettled border. they are both dabbling with big populations and economic problems, but will that help them come to an agreement on theissues help them come to an agreement on the issues that divide them? our reporter explains. there are economies of the two greatest success economies of the two greatest success stories of the past decade, but both india and china are slowing down. in the three months between april and june, india's economy grew by 5%, its slowest pace in six yea rs. by 5%, its slowest pace in six years. during the same period, china's economy grew by 6.2%, a growth rate it hasn't experienced since the early 1990s. both sides have plenty to talk about. the trade imbalance is one of the biggest
1:37 am
blocks, roadblocks in taking the relationship forward, because it is unsustainable. it's $50 billion plus. the two heavyweights have hit the brakes partly because of trade was with the united states. beijing and washington were trading tit—for—tat tariffs with some $470 billion. it's the same story for new delhi and washington, after trump removed india from a preferential trading scheme. both india and china have their own domestic problems. in india, people arejust have their own domestic problems. in india, people are just not spending, and in china, the slowdown has been more gradual. one of the main reasons for china's slowdown is deadly swine fever which has hit the world's largest producer of pork. india and china are locked in a border stand—off, and tensions are high over beijing's relationship with pakistan. new delhi is also not
1:38 am
too happy about china's plan to expand trading routes in the region. but given that both economies have their own problems, the leaders may decide —— put aside their differences and try to work together. in other news making headlines, japanese carmaker nissan hasissued headlines, japanese carmaker nissan has issued a stern warning about a no—deal brexit. its british division says it works with lower margins and its operations could be injeopardy, in sunderland, north—east england. the first of all, i want to clarify, we do not know still what a no—deal means. there are many alternatives, and today there is a lot of uncertainty. the only message i can passis uncertainty. the only message i can pass is that if they no deal would be associated with the application of 10% duties under wto rules, that
1:39 am
would create an enormous problem for the overall european activities of nissan europe. let's turn attention to australia. as its economy falters, there are calls for more schoolchildren to be taught how to be entrepreneurs. just like everywhere else, jobs and careers are changing and educators believe young australians need to be shown how to take risks in the world of business. in sydney, phil mercer has more. what is an entrepreneur? role models don't come more successful than these entrepreneurial heavyweights. it's a long journey from the classroom to the boardroom, but in these times of monumental technological change, australian stu d e nts technological change, australian students are being sought to seize their opportunities. the unpredictability is almost what feels a lot of students, unpredictability is not seen as a scary thing, it's seen as opportunity. it's seen as a chance
1:40 am
for me to go, hey, i can change this, or i could do what i like.” would not have thought of becoming one myself, but it looks very cool to be an entrepreneur and own your own business. xi is a fashion store, it was formed by a former accountant who quit herjob in corporate finance. she says being the boss is about constantly taking risks.” didn't tell my parents i had quit my job. i wasjust pretending didn't tell my parents i had quit my job. i was just pretending to go to work ina job. i was just pretending to go to work in a suit and secretly started showpo. i think you do constantly question yourself and i definitely still have impulse syndrome, and i think you need to let your drive and desire to succeed overcome it. this is where new businesses are born as the country's economy slows. it
1:41 am
needs tech start—ups like this. challenges have to be turned into opportunities. australia has a rich tradition in this area, wi—fi, the black box flight recorder and the electric drill are all innovations that australia claims as its own. at this innovation centre in sydney, new audio products are being made. they have financial backing from a firm in sinai. the challenge for these types of start—ups is determined bright ideas into successful ventures. i determined bright ideas into successfulventures. i broken it a couple of times, i had a few catastrophic losses, commercially, but interestingly, i have always one design awards and innovation prizes and a sort of stuff. we know we are on the right track in terms of business concepts. australia needs business concepts. australia needs business leaders that are willing to think differently. the economy is
1:42 am
depending on them. there is no better place to start than with those who are eager to learn and succeed. bill mercer, bbc news, sydney. this is bbc news. the top stories this hour: tens of thousands of civilians flee their homes as turkey continues it's offensive against kurdish areas in northern syria. a typhoon is heading towards japan, forcing the cancellation of two rugby world cup matches. a court has heard that "extraordinarily bad failings" of the hillsborough match commander david duckenfield led to a fatal crush at the fa cup semifinal in 1989. mr duckenfield denies the manslaughter by gross negligence of 95 liverpool supporters who died at sheffield wednesday's ground. from preston crown court, judith moritz reports. back at court again, david duckenfield arrived to face another jury. the retired chief super being
1:43 am
retried after his last failed and without a verdict. he is accused of manslaughter of 95 liverpool fans. the youngest was ten years old. there were 37 teenagers. the oldest was a pensioner of 67. the 96 the victim, tony bland died nearly four yea rs victim, tony bland died nearly four years later, so can't be included in this prosecution. thejury heard that wholly innocently they had gone to watch a football match at sheffield ground. the court was told there weren't enough turnstiles to let fanzine, a gate was opened but a tunnel to the already full terraces wasn't closed off and fans were slapped down the slope and into a fatal crash. the jury was told that david duckenfield had an ultimate and personal responsibility for the policing operation. it was part of wearing the uniform, along with the hips, braiding crown of being match
1:44 am
commander, to deal with a much emergency. thejudge commander, to deal with a much emergency. the judge said commander, to deal with a much emergency. thejudge said his failures contributed substantially to the death saying this was an extraordinarily bad failure, it was so extraordinarily bad failure, it was so bad, so reprehensible, so blameworthy and unforgivable that it amounts to a gross failure. david duckenfield denies manslaughter, the case is expected to last until the end of next month. judith morris, bbc news, preston. a climate change activist has climbed on top of a plane at london city airport as protests continue over global warming. the man was identified as the paralympian cyclist james brown. police say they've now made more than 1,000 arrests since extinction rebellion began protesting on monday. the inventor sirjames dyson, has scrapped his £2.5 billion project to build electric cars. dyson, best known for vacuum cleaners, had been planning to develop the cars in the uk and build them in singapore.
1:45 am
it abandoned the project because it said it was not "commercially viable". now on bbc news: sport today. is hello, i'm gavin ramjaun — and this is sport today live from the bbc sport centre. coming up on this programme: a storm in a rugby world cup. two matches are cancelled — with more injeopardy as japan braces itself for a super typhoon this weekend. belgium thrash san marino — and become the first team to qualify for next year's european championship finals. history is made in iran as women are allowed to attend a football match for the first time in forty years. we start at the rugby world cup where tournament organisers have been defending their decision to cancel two of the weekend's matches— because of typhoon hagibis which is due to hit the tokyo area on saturday. a decision on the crucial pool a game, betweenjapan
54 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on