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tv   Asia Business Report  BBC News  November 22, 2019 1:30am-1:46am GMT

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our top story. the israeli prime minister has been formally indicted for bribery, fraud and breach of trust. the accusations relate to cases that involved gifts mr netanyahu received from wealthy figures, as well as alleged efforts to get better media coverage in return for favours. mr netanyahu said the indictment was "tantamount to a coup". firefighters are battling hundreds of bushfires across australia. authorities have warned it's too late for some to evacuate. as thick smoke blanketed sydney, residents were advised to keep children indoors. and this video is trending on bbc.com. here in britain two men have been convicted for stealing a hoard of ancient coins. they dug up 300 coins in a field which are 1,100—years—old, but they didn't declare them as the law requires, selling them to dealers instead. now they face jail. that's all. stay with bbc world news.
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more on our web site bbc.co.uk/news and the news app. now on bbc news, live to singapore for asia business report. consumer cryptocurrency scam. are you is low has been implicated in a multi—million dollar digital currency con. to the‘s ad band. we look at what social media giants are doing to counteract attempts to influence voters. good morning and welcome to asia business report, live from singapore with me, mariko oi. let's start with the alleged onecoin scam, because a us lawyer
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has been found guilty of money laundering and freud for his role in the cryptocurrency con. mark scott was accused of helping the founder of the digital currency to use offshore banks as well as shell companies to hide $400 million of investor's money does investors‘ money. investor‘s money does investors‘ money. investors worldwide were led to believe 0necoin was a legitimate digital currency being run out of bulgaria. prosecutors in new york said it was actually a ponzi scheme that attracted billions of dollars from investors around the world, but has no real financial value. from investors around the world, but has no realfinancial value. its founder has not been seen or heard from since 2017. jurors in a new york federal court only took a few hours to decide that mark scott was guilty of helping the founder final $400 million away from investors and into her private accounts, and that
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of her associates. in his defence, mr scott‘s lawyers argued their client had no idea that 0necoin was worthless. that was samira hussain in new york for us. and 0necoin ltd denies any wrongdoing. it said in a recent statement given to the bbc "the missing 0necoin verifiably verifiably for fields or criteria of a cryptocurrency. 0ur verifiably for fields or criteria of a cryptocurrency. our partners, customers and lawyers are fighting successfully, proceedings against 0necoin. "as of today, twitter is banning all political advertisements. chief executive jack dorsey announced the move last month. the policy buys political figures from advertising on the platform, but non—profit organisations can still promote social issues. they will be facing stricter rules as well. 0ther apps like tick—tock and snapchat have similar rules, and this week google
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also banned advertisers from targeting voters based on political affiliations —— tiktok. google has a political affiliations are hard to define and banning them has inherent bias. in response to google buzz make me this week, they have said they are looking at different ways to approach the issue. jessica goodfellow from campaign as a talk to me earlier about what is defined asa to me earlier about what is defined as a political ad. to has in its definition a difference between political advertising and goods based advertising. political advertising in twitter terms is that which is run by politicians or their campaigns in order to influence voters‘ decisions. and because baster issue based advertising is run by multinationals or nonprofits 01’ run by multinationals or nonprofits orany group run by multinationals or nonprofits or any group trying to campaign for a certain cause —— and caused base
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issues. this could affect advertising and marketing companies that used to get business from those political groups, then? it has far—reaching implications and there isa far—reaching implications and there is a lot to be defined. i guess eve ryo ne is a lot to be defined. i guess everyone is keen to understand extent to which issue based advertising will be covered. because if you think about it, there are a lot of businesses that are using issue based advertising, and it is key to them. google joined twitter in banning political advertisements as well. you think that will put more pressure on facebook? facebook says it is looking at different approaches. why would that be? facebook has been under a lot of pressure and it hasn‘t buckled under that. mark zuckerberg has appeared in front of congress and has been drilled on this. it does make grilled, —— grilled, buti drilled on this. it does make grilled, —— grilled, but i don‘t think they are likely to change their stance. political advertising
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is difficult to define and extremely difficult to monitor. how are they going to to every ad and make sure thatis going to to every ad and make sure that is either removed or restricted? it that is either removed or restricted ? it is that is either removed or restricted? it is a huge task ahead for twitter and i don‘t think any other company really wants to take on that as of yet with the current technology restraints we have. china is calling on us president donald trump to veto legislation aimed at supporting hong kong‘s pro—democracy protest movement. it has warned it will retaliate if the bills become law. 0ne bill requires an annual review on whether the territory remains sufficiently autonomous from beijing to enjoy its 0stle trading status. the other bands american sales of crowd control equipment to hong kong —— american sales, including rubber bullets and tear gas. the decision is complicated as washington needs to wait how it could also impact ongoing trade negotiations. the president of the american chamber of commerce in hong
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kong told me about the impact of those developments. well, overall right now the impact is largely symbolic and psychological. 0bviously symbolic and psychological. obviously it puts the spotlight even more firmly on hong kong, and this city has been getting a lot of attention lately. for american companies operating here, right now the fixation is on the day today, it‘s been hard to get after work, productivity has been low and there are productivity has been low and there a re lots of productivity has been low and there are lots of anxious people around as well as plans if the protests really do continue —— the focus has been on matters. but it does open up the doorjust a crack matters. but it does open up the door just a crack to matters. but it does open up the doorjust a crack to thinking about the hong kong policy act, which is really the gold standard and the important aspect of us— hong kong relations. this bill doesn‘t really change it by certifying it every year, itjust change it by certifying it every year, it just means change it by certifying it every year, itjust means the state department has to look at it ever more closely. but already the state department is writing an annual report on hong kong. though, it will
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be interesting to watch that but it doesn‘t change things sales right now. the heart of the bill is hong kong‘s special trade status. how important is that the businesses and good this billjeopardise that? important is that the businesses and good this billjeopardise thanm is good this billjeopardise that7m is very attractive. it‘s attractive for free trade overall. the us trade surplus with hong kong is very, very high. so there are a lot of great american companies that trade in hong kong. also, in terms of the special trade status, it means that hong kong is not liable to the type of tariff was that we are seeing between the us and china. —— tariff wars. we have the rule of law here, it is an open environment where there is excellent cooperation between and hong kong. just between customs officials, for example. but again, this bill is not taking the hong kong policy act away, it‘s asking to review it more closely,
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and that‘s very important to understand. what about the impact on trade talks, tara? i could have an impact on american companies? with the us—china trade fiction so high —— friction, this brings another piece of difficulty so high into the trade swords if the us and china decide to talk about it. because hong kong is very precious to china, understandably. this is the special administrative region of china, and also very special to the united states. so if it gets involved in trade talks, if the president, president trump, uses it as part of his leveraged in trade talks, then that will put the squeeze on hong kong. staying with trade rows, a spokesperson for the indian foreign ministry has said the country is in talks with the us to resolve their ongoing dispute. monica millerjoins me now from mumbai. monica, what is at stake? well, president donald
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trump not too long ago said that india is the king of tariff, in fa ct, india is the king of tariff, in fact, they impose the highest in the world. 0ver fact, they impose the highest in the world. over the summer, fact, they impose the highest in the world. 0verthe summer, if fact, they impose the highest in the world. over the summer, if you can remember, the us government withdrew key concessions to the indian government, and in return, deli slab higher tariffs on products like steel, apples and almonds. —— dehli slapped. its red—hot economy has cooled down from its gdp is at its lowest growth in six years. it is up to the indian government now to make amends on the us at least in financial terms. thank you monica millerfor financial terms. thank you monica miller for that update in financial terms. thank you monica millerfor that update in mumbai for us millerfor that update in mumbai for us in other business news making headlines this morning: struggling office rental company wework is cutting 2400 jobs around the world. the move follows the dramatic colla pse the move follows the dramatic collapse of plans to raise money by selling shares on the stock market.
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the company lost nearly $1 billion in the first half of the year. let‘s go you the markets before we go, and show you how asian markets are trading right now. japan‘s nikkei is up trading right now. japan‘s nikkei is up 0.5%, the hang seng has reopened, asian markets were under a lot of pressure yesterday after those two bills were passed in the house of representatives yesterday, awaiting president trump is a decision on whether they become law. investors are whether they become law. investors a re really whether they become law. investors are really waiting to see what happens, and of course while street also moved slightly lower because about. that‘s it for this edition of asia business report. thank you for watching and join us in the next hour if you can. hello, i‘m ben bland. this is bbc news. the top stories this hour: israel‘s attorney general has charged prime minister benjamin netanyahu with bribery, fraud and breach of trust in three separate cases. mr netanyahu described the charges
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as an "attempted coup". the former first minister of scotland alex salmond has appeared in court charged with 14 sexual offences against ten women — including one count of attempted rape. the incidents are all alleged to have happened betweenjune 2008 and november 2014, while he was leader of the scottish government. he denies all the charges. 0ur scotland editor sarah smith reports from the high court in edinburgh. a warning: her report contains flashing images. walking into court with his sister, alex salmond knew he would have to face the press, who were waiting to hear the details of the charges against him. inside, during a short hearing, he entered a plea of not guilty. i am innocent and i will defend my position vigorously. but the only place, the only proper place, to answer criminal charges is in this court, and that‘s exactly what we intend to do next spring.
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it is, frankly, astounding, to see a man who held such high office accused of serious sexual offences, allegedly committed while he was first minister of scotland. the charges, which he strenuously denies, all relate to the time during which he was snp leader and first minister. watch your backs! one of the alleged sexual assaults is said to have happened in the same month as the 2014 independence referendum. many of the assaults are alleged to have taken place here, at the first minister‘s official residence in edinburgh, including the attempted rape. mr salmond is accused of pushing a woman against a wall, removing her clothing and his own, before pinning her to a bed and attempting to rape her. mr salmond‘s facing a total of 14 charges, including incidents in 2008 when he‘s alleged to have kissed a woman on the mouth and touched her buttocks and breast with his hand over her clothing,
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indecently assaulting a woman in 2010 by seizing her by the wrists, repeatedly pulling her towards him and attempting to kiss her, sexually assaulting a woman in november or december 2013 by removing her shoe, lifting herfoot towards his mouth and attempting to kiss her foot, assaulting the same woman in december 2013 by lying on top of her, struggling with her and pulling up her dress with intent to rape her. the last of the alleged incidents is said to have happened just days before he left office as first minister. the trial will take place in march next year, when mr salmond says he will strenuously defend his innocence. hello, i‘m chetan pathak and this is sport today, live from the bbc sport centre. coming up on the programme: calling himself the humble 0ne — jose mourinho holds his first press conference as tottenham boss. novak djokovic helps to take serbia into the quarter finals of the davis cup.
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and the race to dubai hots up, with a stunning eagle from tommy fleetwood in the first round of the world tour championship thank you forjoining us. jose mourinho says he won‘t make the same mistakes at tottenham as he did at his previous clubs. the man who‘s won 8 league titles in 4 countries, and the champions league twice, replaced mauricio pochettino on wednesday. he‘d been out of work since being sacked by manchester united, last december, and, in his first news conference in charge of spurs, mourinho revealed he‘s been doing some soul—searching. you never lose your dna, you never lose your identity, you are who you are for the good things and bad things but i have time to things
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about many things.

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