tv Asia Business Report BBC News October 22, 2019 1:30am-1:46am BST
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the enthronement of emperor naruhito. the ceremony marks the emperor's official ascension to the throne, after his father's abdication earlier this year. canadians have been voting in what's billed as one of the country's closest elections ever, leaving the future of prime minister justin trudeau in doubt. polls suggest neither his liberal party nor the rival conservatives will win a clear majority. and video of two anglers in small boats is doing well on our website because it shows how dangerously close they got to a giant "plug hole" at a reservoir in northern england. they were just a few metres from the 20—metre deep overflow hole. both escaped without injury but authorities are warning people to stay "well away". that's all.
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as always we have much more on our website for supplements crossover to singapore. now on bbc news live to singapore for asia business report. stirling hold steady. the pound stands firm as the uk government was to push through with a brexit plan in three days. the economics of property. when it this year's nobel prize winners shares his concerns about the global economy. good morning asia. hello world. it isa good morning asia. hello world. it is a tuesday. glad you can join us for another exciting addition of asia business report normal mac. i am echoing and let's start with brexit. ——. —— i rico hizon. the
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government has published its 110 page bill to turn borisjohnson ‘s deal with the eu law. if they approve the intensive times both —— timetable imposed by the prime minister. with the ringling of a brexit still going on more than three years after the referendum, the bbc on more than three years after the referendum, the bbc site has been looking at how businesses are handling this ongoing uncertainty. it is an old saying that what businesses really hate is uncertainty. yet as that is exactly the situation they are faced with in the situation they are faced with in the uk. yes prime minister or chazen has done a framework deal with the european union but is predecessor theresa may he is facing a struggle to get through parliament. companies that do business across the channel oi’ that do business across the channel or irish sea are pretty clear in what they actually want. frictionless trade, no delays at borders and no tariffs. mrjohnson pots ideal would not give them that but it would be a better option than no deal at all. that really would
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introduce new barriers to trade for sub some businesses —— and some business leaders like one in cheshire think that is as good as it is going to get and it should be accepted. but others are not so sure. they want to see more scrutiny of the deal and they do not want to see and rushed through parliament. and even if the deal does pass, it really sets the scene for yet more talks with the european union about a future free trade agreement. so would be can be pretty certain of is whatever happens in parliament, there is still going to be a great deal of uncertainty for businesses here. the pound is holding above one us dollar 29 cents. as they continue to wrestle over bresson. earlier i asked an analyst if the thought any risk about the government plan being rejected. they have enough us to put it through and if we go through the withdrawal agreement, it is possible that there are moments that can get table and labour will provide their usual amount of blockers here. i
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think both parties at the end of the day want to see brexit get through here. there are bigger deals to be had, they have to negotiate trade pacts later on, so let's get moving here. hopefully something can come to fruition out of all this mess. let's get moving is basically the motto of the prime minister and if you take a look, it is been driving its way up towards the $130p you take a look, it is been driving its way up towards the $1 30p level, but is now one below that level. what can be that downside for the pound if we don't see a brexit ratification? —— $1.30. pound if we don't see a brexit ratification? -- $1.30. we could see an extension and we could see the pound fall back down to a dollar 25 cents. there still pretty optimistic. it is constructive for the pound to move higher —— higher. but it always remains on the minds... awad of uncertainty remains on the process and the technical
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procedures. —— a lot of uncertainty. developments on brexit appeared to be headed in a better direction. this is true, we think this is going to be great for uk assets over time. it will buttress the economy and improve thejobs it will buttress the economy and improve the jobs growth sector and this is going to be great for the uk. at this time we can see the pound move higher because in theory a lot of uk assets are underpriced. real money is going to step in taking finish of this once they see that ratification come through. that market strategist based in bangkok. soft bank has offered to take control of the struggling office space provider. occurrence reports, the japanese conglomerate which is a long—time backer plans to invest as much as $5 billion in exchange for a majority stake. neither softbank or the company have made official comments on these reports. the fight against climate change is set to go
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toa against climate change is set to go to a new york court on tuesday. let's get more from our north america business correspondent samir hussein. the fight against climate change is now heading to an american court as the state if you notjust your takes on exxon. the issue is to the company take on —— defraud investors by misleading them about the risks posed through climate change. this is a new approach to holding businesses accountable for environmental damage. if exxon is found guilty, it could cost them anywhere between $476 million to $1.6 billion. it could also open the company of $1.6 billion. it could also open the com pa ny of two $1.6 billion. it could also open the company of two similar lawsuits from other states. but if exxon is found not guilty, it could protect them from any future lawsuits and it would really deliver a blow to this new angle in the fight against climate change. samara hussein in new york. one of the nobel prize when a noah says india's economic
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slowdown is wearing. he shares the award with a couple of others for the research into alleviating global collie for some my colleague in india caught up with the professor and asked about his biggest worries when it comes to the global economy. __ my when it comes to the global economy. —— my colleague... when it comes to the global economy. -- my colleague... the biggest concerns are the internal politics and countries doing a lousyjob of dealing with this. and that is fuelling right wing. .. dealing with this. and that is fuelling right wing... when you look at mr macron and them on himself. imposing a tax on gasoline. not, sending people, this isjust bad policy. i think we are doing a bad job of making policies for people. where is that room for improvement because they're southern everywhere? with china there is... it is
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warranted. china is so big now the space for exporting more is getting smaller. in india we should worry more because the slowdown is more worrying. sometimes we need to go faster and really drive into what doesn't why or not, investment falling year after year. i would say for india and the financial crisis needs to be serious. some of the other points you have talked but have not gone down well with members of the government. departments are on one hand is congratulating you but on the other his colleagues are doing completely opposite. did it upset you ? doing completely opposite. did it upset you? it upset me because i feel it upset me personally, whatever. people can have different views and say different things. i feel that it is good for the country
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to be ina feel that it is good for the country to be in a position that we need professionals at this point. and professionalism in climate is respected. it is good for the country. but my purity is the economy of the country. and you don't think in this context the words were used and that your professionals and was respected? they say that i am a leftist and therefore i have nothing interesting to say. it is already undermining my professionalism. we want to resist bad policies and it doesn't resist who it is. good or bad, it does not matter. fruit sellers are a common sight in the streets of africa and often what does not get sold gets thrown away. all that wastage led to one woman quitting herjob to launch a dry —— dry food business outside of mozambique. let's take a look at her business journey.
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well, let's have a quick look at the markets. as you can see japan is closed due to republic holiday. you have the enthronement ceremony of the new emperor. australia is up by one of a percent. let's look at the us stock, they gained overnight in optimism over the progress of us china trade talks and the upcoming support particulate from microsoft and amazon. thank you. i am rico hizon. bye for now. let's remind you of our main story this hour. preparations are underway injapan for the formal enthronement of its next head of state emperor naruhito. he's a rapper and film director, who shot to fame with a youtube series portraying gang culture in south london. now andrew onwubolu,
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better known as rapman, is making a feature film based on the same story. our arts editor will gompertz has been to meet him. you need to do two actions to there, yeah? you fly, you duck... rapman on set directing his first movie, blue story. it is inspired by his life living on a south london council estate and shakespeare. is that why your brother don't like me then? because i live in this area? i refer to this film as like a romeo and juliet. for me the whole romeo and juliet thing is so timeless. so even though this is not a story of... i call it romeo and juliet, it's not about a guy and a girl who love each other like that, it's like a brotherly love. it's a forbidden love. like i want to be your brother, and you want to be my brother, but the area that you live in doesn't like my area. your older people and my older people are saying we shouldn't be friends, but we get along. why can't we be together? and that is what it is, that comes from shakespeare. his life could have turned out quite differently, not making a film about gang
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culture, but being part of it. i always stayed close to the line because my dad wanted me to. but i can imagine if my dad wasn't there... right. because i kind of had one foot into things that i shouldn't have been doing, but if my pops wasn't there, i probably would have more foot in the wrong way, man. that is something that we touch on in the movie. without saying too much there is a lot of lack of positive male role models in the film. if anyone asks, i've been here the whole time. i didn't think it was possible to become a film—maker because i was black. the most i was thinking was, you could be a footballer. what is your football like? not good, not good. he started rapping and got some followers. # lived with his mum, his dad died when he was young... and then he started rapping stories and directing them and attracted a huge audience. jay—z signed him up. now he is hot property. there is not many people in your position making movies. no, there's not. and whose fault is that? is that because people like me are not making stories or is it
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because when people like me make stories that people who have the powers that be don't think our stories are good enough for the silver screen? where are you from? deptford. and i want people to be inspired by this film. once you start firing, so maybe you are like this. i want people to think "if rapman can make a movie, i'm going to make a movie as well." so i hope that's the case, i hope so. well, he has done his bit, he has shown the way. will gompertz, bbc news. he certainly has. now it is sport today. hello, i'm gavin ramjaun and this is sport today, live from the bbc sport centre. coming up on this programme... stark results on the link between heading and brain injuries. a study suggests ex—professional footballers could be more at risk from dementia. the gunners fail to fire. arsenal are beaten by promoted side
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sheffield united in monday's english premier league game. and back to where it all began. roger federer delights his home crowd on his return to the swiss indoors in basle. hello and welcome to the programme. more on monday's surprise result from the english premier league to come. but first, a landmark study in the uk suggests ex—professional footballers are three and half times more likely to die from dementia. research over nearly two years by a specialist brain injury group at scotland's glasgow university said there was also a rise in the risk of alzheimer's, motor neurone disease, and parkinson's. the study began after claims the former england forward jeff astle, died due to repeated head trauma. the bbc‘s health editor, hugh pym, has more. heading has always been part of football, but is it good for players' health? a new study has found football professionals born before the mid—‘70s were more likely to die with dementia than the general
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