tv Asia Business Report BBC News October 21, 2019 1:30am-1:46am BST
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i'm samantha simmonds with bbc world news. our top story. there's been another weekend, the 20th, of mass protests in hong kong. organisers say as many as 350,000 people took part in the rallies, which were held without official permission. police fired teargas and water canon, to try to clear the streets. kurdish led forces in syria say they have withdrawn their fighters from the border town of ras al ayn under a ceasefire deal with turkey it comes as ambulances evacuated the wounded from the town. and this story is getting a lot of attention on bbc.com. 30 ancient wooden coffins have been put on display in egypt, following their recent discovery near the city of luxor. the ornately decorated coffins for men, women and children date back to the 22nd dynasty around 3,000 years ago. that's all. stay with bbc world news. of course there's much more on those
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stories on our website and don't forget you can download the bbc news app. but now on bbc news live to singapore for asia business report. the pound dips on brexit drama. sterling loses ground after parliament forces boris johnson to ask for an extension to the uk's exit deadline. and indian cyber security scam, how online fraudsters trick people into parting with their ha rd trick people into parting with their hard earned cash. hello and welcome to this monday edition of asia business report. we start with brexit because sterling has slipped as the global currency markets opened for the first time since the uk parliament delayed that crucial
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vote on the new european union withdrawal agreement on thursday. we saw the pound having strengthened after the british prime minister borisjohnson, agreed after the british prime minister boris johnson, agreed a after the british prime minister borisjohnson, agreed a revised deal with the eu but on saturday we saw parliament passing legislation that forced him to send a letter to brussels asking for an extension to the october the 31st exit date. this is how the pound is reacting now. it has fallen as it has been opened this morning. let's speak to our asia business correspondent who joins me in the studio. what a weekend of news, extraordinary events as usual. we pretty much expect the pound to react this way wouldn't we? yes, it was an extraordinary event over the weekend. i don't know about you, but i was glued to bbc news trying to figure out exactly which way the vote would go. that has been the sentiment for many investors this
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morning. what they have got is another potential delay, which is why i think you have seen the pound fall this morning. at the same time, traders are saying to me, this isn't the end of the game. we have got the next couple of days which are very important and that is when we will likely see more movement in the pound and for now it is still holding onto some of the gains it made last week. investors are reading this as fine, there has been a delay but no disorderly brexit, no ha rd a delay but no disorderly brexit, no hard brexit on the table just as yet. so there is some relief creeping in on that front, but certainly i would expect more volatility in the days ahead. but this all into perspective for us. it is all good and well to talk about how much the pound moves whenever something like this happens, but put it into perspective on how much the currency has lost since the crucial day in the summer of 2016 when brexit was of course voted for?” was on the trading floor on that
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morning and we could hear a literal gasp in the room when the first and final brexit votes come in. the pound fell in value by 10% against major currencies. it did recover some of those losses and went to 8% down. but over the course of the last three years since the decision was first made, if you look at the chart of the sterling versus the us dollar, it is like a roller—coaster ride and it is always trending down. we have seen the pound lose 20% against major currencies and even though over the last couple of days, as we have pointed out, sterling has strengthened. it is still very far off from what it was before brexit. very briefly, this is an unfair question to ask, no one has a
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crystal ball, but where next?“ question to ask, no one has a crystal ball, but where next? ifi knew that, i wouldn't be sitting here. at the same time i think it will be fair to say there has been a lot of uncertainty already priced into the sterling. what traders have said to me, before brexit, sterling was a currency they would keep in their portfolio hedge against volatility with other currencies. many asians looking to send their kids to the uk for university, they would hold on to the sterling. but since then the reputation has fallen in the eyes of where we go next, there is a big question whether sterling will regain the value and credibility. lovely to hear from you and thank you forjoining us. australia's qantas has completed a test of the longest nonstop commercial passenger flight. the boeing dreamliner with 49 people on board took 19 hours and 16 minutes
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to fly the more than 16,000 kilometres from new york to sydney. the australian airline is expected to make a decision by the end of this year whether to launch the route commercially. i asked an aviation expert what qantas will be hoping to learn from this test flight. there would be a concern about what the long—term impact might be on staff if they are doing these ultra long flights. ensuring they are getting sufficient rest during the flights, so when they come into land, they have all their mental abilities with them. as well as making sure if they turn around and go on the next flight the next day, they will be sufficiently rested for that return leg as well. there is a lot of things going on in these trial signs will help generate data to make sure regulators are happy to sign off on this flight. in other
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news, japan's exports are falling for the tenth month in a row, declining by 5.2% in september compared to august. that was a bigger drop than expected. at the same time, imports fell and the third largest economy has been hit by the us china trade law and a dispute with south korea. 0ne by the us china trade law and a dispute with south korea. one of the well‘s leading fund managers has been forced to resign after the bbc discovered he had broken investment rules. mark denning help to manage more than $300 billion worth of investors‘ money at capital group. panorama programme discovered evidence that suggested he was secretly acquiring shares for his own benefit in some of the same companies as his funds. now, over to india where two call centres in calcutta which are suspected to be instrumental in defrauding thousands of victims in the uk, have been put out of business after a joint operation conducted by the city of
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london police microsoft and the indian police. the fraudsters called people claiming to be from the softwa re people claiming to be from the software giant and telling them that their computer‘s security had been compromised. let‘s have a look. their computer‘s security had been compromised. let's have a look.|j was an absolute plonker to get involved. these people are so believable. it offered antivirus software for £556 for a period of 12 years. i thought, per year, that is quite cheap. they said, we have got a serious problem. we‘vejust
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discovered a serious problem on your computer. don‘t put the phone down but can you walk to your computer? initially i was seeing this thick set russian. the man said it was a russian. to me he was a bald—headed, thickset, sort of man you would not mess with. ok? then the screen switch to his computer screen where you could see what he was looking at and doing. what was he doing? he appeared to be ordering these guns, bullets, grenades and all the while, this man on the phone kept saying oh my god, oh my god, this is really serious. he wasjust my god, oh my god, this is really serious. he was just increasing my likeable of anxiety —— level of anxiety to the point where i was in total panic. he then, on my computer, helped me to go into my
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bank account on the computer and move £4000 to this bank of his choosing, which was in india. the money is gone, but what i really wa nt to the money is gone, but what i really want to do is stop people falling for this same scam. a cautionary tale. before we go, let‘s ta ke a cautionary tale. before we go, let‘s take a look the week ahead. we start off course with japan because we know tomorrow, we have heads of state from around the world in tokyo for the enthronement
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ceremony naruhito. and mark zuckerberg will face questions on the proposed crypto currency, libra. and twitter, snapchat will all have their earnings. this is where the markets are opening... declines elsewhere with the all 0rdinaries and australia and we‘re expecting these others to open later. that‘s it from the programme, for watching. this is bbc news the top stories this hour. there‘s been another weekend, the 20th, of protests in hong kong, as demonstrators defy the ban on marches. as ambulances evacuate the wounded, kurdish fighters say they‘re withdrawing from ras al—ayn in northern syria under a ceasefire deal with turkey.
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a double murder investigation is under way in milton keynes, after two 17 year—old boys were stabbed to death on saturday night. police and paramedics were called to a house in the emerson valley area. the teenagers have been named locally as dom ansah and ben gillham—rice. katy austin reports. forensic investigators gathered evidence today at a crime scene that started as a party for friends. 0n the front door of this house, a visible reminder of the violence that unfolded. police and the ambulance service were called to archford croft, a residential street, just before midnight last night, after reports there‘d been a stabbing. the two teenagers have been named locally as ben gillham—rice and dom ansah. his cousins came to the scene to lay flowers and said many people‘s hearts had been broken by his killing. two other people, a 17—year—old and a 23—year—old man,
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were seriously injured. today, neighbours expressed their disbelief at the loss of life. i‘ve not seen such a scene, until today. and it was just a shock and a blow to us, for such young people. when we moved here, five months ago, the lady said it was quiet. she'd lived here for quite a while. there was nothing. just on our doorstep, it's quite scary. a double murder investigation has been launched by thames valley police. i fully appreciate the concern that this will cause in the local community and beyond. but at this early stage i believe the people directly involved in this incident are all likely to have known each other. no arrests have been made at this stage. the families of the teenagers who died are being supported by specialist officers, as they deal with the devastating impact of knife crime. katy austin, bbc news. a 16—year—old boy is among six people being held on suspicion of murder, after the death of a 26 year—old man
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in scarborough. north yorkshire police say the victim was discovered in the early hours of sunday morning with serious stab wounds near the town hall. he later died in hospital. the leader of the alliance party, naomi long, has confirmed that her party‘s representatives will not attend monday‘s recall as a "political stunt". a number of mlas, most of them unionist, will attend a sitting at stormont to demonstrate opposition to the decriminalisation of abortion in northern ireland. now on bbc news sport today. hello. i‘m connie mclaughlin and this is sport today. coming up... it‘s late from lallana for liverpool as the premier league leaders sneak a point against manchester united. just how much does it mean to win again after you thought your career might be over? quite a lot if you‘re andy murray.
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and, it‘s the end of the rugby road forjapan. they‘re out of the world cup after a quarterfinal defeat to south africa. liverpool‘s perfect start to the premier league season has been ended by their great rivals, manchester united. but it wasn‘t without controversy. once again it was all to do with the use of the video assistant referee. united took the lead at old trafford through marcus rashford. that was referred to var, which decided liverpool‘s divock 0rigi wasn‘t fouled in the build up. var then ruled out an equaliser for sadio mane for handball. adam lallana scored a late equaliser with his first goal for two and a half years. i thought they were excellent, the boys. attitude, you can see the fitness in the boys now. we are getting fitter and fitter. the aggression first half to win the ball. the crowd‘s response to
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