tv Asia Business Report BBC News November 29, 2019 1:30am-1:46am GMT
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i'm nuala mcgovern. our top story. president trump has made a surprise thanksgiving appearance in afghanistan to visit us troops, his first trip to the country as president. mr trump told them he believed the taliban would agree to a ceasfire and their efforts — and those of afghan soldiers — had led to the insurgents wanting to make a deal. as australia's bushfire crisis continues — protestors in sydney have demanded the government takes climate change seriously. fires have killed at least six people and devastated parts of new south wales and queensland. and these pictures are trending. they're of an 18,000—year—old puppy, found in siberia, though scientists have been unable to determine whether it's a dog or a wolf. the animal has been remarkably preserved in the snow and ice, with its fur and teeth all intact. that's all. stay with bbc world news.
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more on our web site bbc.c0.uk/news and the news app. now on bbc news live to singapore for asia business report. black friday all bleak friday? what's in store from the global shopping bonanza for retailers and the environment? india's economic slowdown. officialfigures the environment? india's economic slowdown. official figures are today are expected to confirm the weakest growth in more than six years. welcome to asia business report. it's friday but it's notjust any friday. it happens to be black friday. it happens to be black friday today, the start of what retailers are hyping as the cyber
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weekend global shopping spree in the world's biggest economy the united states, spending over the next four daysis states, spending over the next four days is expected to break the $29 billion mark by the time cyber mondays over. companies are hoping for a sales boost ahead of the next round of tariffs on imports from china which are due next month. of course, a lot of that spending is now on line with its estimated 77% of uk consumers will look for deals on the internet with less than a quarter actually going to the shops. there are similar trends in germany, holland and france but there is resista nce holland and france but there is resistance to the shopping bonanza, not least in france. this week it's parliament gave initial backing to a law banning some black friday promotions. we were bought from america. black friday also known as the day
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after thanksgiving is the traditional kickoff to the holiday shopping rush. some battling shoppers the coveted items or spending hours in line to get the best deal had become holiday traditions themselves but increasingly retailers have been setting out their sales days, or even weeks ahead of time. this year american giant walmart announced its holiday deals were kicking off the day after halloween. whether this is youridea day after halloween. whether this is your idea of one or not there is no question this is an important time of year for retailers and the american economy. two—thirds of the us economy depends on consumer spending but global economic slowdown and continued trade wars have had an impact on consumer confidence. some americans naturally start pulling back on how much they spend. there is however one possible bright spot. there are six fewer shopping days between thanksgiving and christmas this year. that may get more people shopping and it's also a warning to all you procrastinators, don't wait too
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long. turning to india which is expected to confirm later that it is now growing at its slowest pace for more than six years. the country had been the world's fastest growing economy until this year. here is why. the world's fastest growing economy until this year. here is whyli the world's fastest growing economy untilthis year. here is why. i am the world's fastest growing economy until this year. here is why. i am a commentator on indian and do not make affairs and my name is vivek paul. my guess is growth will fall below 5% and this is clearly visible in the agriculture and construction sector and automobiles. agriculture isa sector and automobiles. agriculture is a real problem. an indian farmer can grow what he wants to grow but when he wants to sell what he has grown, there are too many bureaucratic issues that he needs to deal with. if you look at the history of economic development, most countries manage to move their workforce from agriculture to
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construction because construction generally, it's a lot of low—skilled and semiskilled jobs and that is not happening in india, primarily because the real estate sector is in a big mess. the effect of the real estate industry hits everything that we have steel and cement and aluminium, industry is directly connected. it has been challenged both on the demand side, on the liquidity side and the churn in the market is not taking place today. the auto sector has been in trouble for the last 12 months. problems of finance, availability and a slowdown of the sentiment in buying. people are not confident about their economic suture hence they are postponing their consumption. the
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psychology of the economic slowdown as well in place. in those growth numbers will be out, the bbc will bring you those numbers. staying with india. manchester city's company has decided to buy a stake in mumbai city fc. it will now hold a stake in eight football teams. uk technology company dyson has revealed the sight of its new global headquarters in singapore. the historic st james powerstation has 110,000 square feet of law space and was previously one of the city's biggest nightlife pubs and dyson has not sent how much it has spent on the building. brand philippines has taken quite a knock ahead of the week and's opening of the 30th
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southeast asian games. the showcase stadium is still incomplete as are several other facilities and the cost of staging the event has drawn criticism from opponents of the president. kevin mcculloch told me whether he thinks the criticism is justified. i think the philippines are going to spend something like 15 billion pesos or $300 million in total. they are not going to recoup so total. they are not going to recoup so much of that from sponsorship or ticket sales. the philippines is looking for a host of other benefits. those include pr benefits, showing off the country is capable of hosting such a games. they want to develop their infrastructure, sporting and general infrastructure and they are looking for success on the sporting field of play. in terms of pr, this has been a bit of a disaster. how do damaging will this
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be to the reputation of the philippines? it hasn't got off to a good start. we've seen those images of unfinished stadiums in trouble for athletes. bearing in mind one of the main goals of the project was to shop the philippines, that's a big problem. in saying that, we got two weeks now. event starts saturday with the opening ceremony. to be fair, we've seen problems like this and other countries. thinking of the commonwealth games in delhi and issues where things are simply not made in advance, things were not prepared, simple things like to i lets. prepared, simple things like toilets. how much of the problem is this the countries? there have been problems, in other developed countries. sports organisations like fifa and the international olympic committee now encourage more modest bids, more modest project and encourage things like the use of
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existing facilities as opposed to building new facilities. countries know what's coming down the lines of some of the responsibility lies with them. it may look like pork but it's supposed to taste like pork but it's actually made with wings like peas and mushrooms. omni pork is produced by green monday. the company's founder told us the rationale behind his business. it is not meant to sustain seven, eight, nine, 10 billion to eat the way we eat right 110w billion to eat the way we eat right now and to produce would meet the weights produced today so something is going to crack, something will happen that will threaten our protein supply chain. this but this is still a niche demographic. is this simply a fad in terms of the way people eat? what mac a lot of
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people ask that. is this just way people eat? what mac a lot of people ask that. is thisjust going to bea people ask that. is thisjust going to be a one or two—year thing and it will come and go. the reasons that drive the rising of this whole trend is based on climate change and based on food security and insecurity and food safety. these are all very scientific and actual wings and from a health standpoint, the medical professionals, the dock is will also come in and bring their side of the evidence to so with all these factors converging, we only see the momentum of this picking up and accelerating even more. on the other hand, you have investors and entrepreneurs and food scientists we re entrepreneurs and food scientists were now coming up entrepreneurs and food scientists were now coming up with innovation ona were now coming up with innovation on a daily basis. these companies are happening everywhere now, not just silicon valley and north america but also also around the world. when options are abundant and
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investors and business people are coming into this field and pouring resources into this, i think this is just the beginning. that was the founder of green monday. let's look at the markers. fairly flat to the asian markets. it continues to slide, lots of worries about chinese retaliation over that us legislation that supported hong kong protesters earlier this week so we are watching those markets. it's thanksgiving in the us in those markets are shut. that is it for the show. this is bbc news. the top stories this hour: president trump has made an unannounced trip to afghanistan, telling us troops he believes the taliban are open to ceasefire. as australia's bushfire crisis continues, protestors in sydney have demanded the government takes climate change seriously.
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the number of vacancies for nhs nurses in england increased to around 43,500 by the end of september, almost a thousand more than the same time last year. hospital managers say workforce shortages is one of the biggest this problems they have to deal with. our health editor hugh pym reports. we start off about four nurses down, that number can increase if nurses call in sick. georgina is on a day off from her nursing post in a busy a&e department. she's been a nurse for five years and says it's more stressful than ever. thank you, darling. because of staff shortages and increasing numbers of patients. you are really pushed, when you're processing volumes of people rather than delivering really good care to people. if i'm to be really honest, my satisfaction in myjob is a lot less than it used to be, because it really is very hard to keep feeling that you're doing a safe and good job. so, what are the parties‘ plans for england? the conservatives say 19,000 more
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nurses will be trained, with grants restored. another 31,000 will come from foreign recruitment and better retention. labour wants 211,000 more nurses trained, with £1 billion a year invested in restoring bursaries. and more on top through better retention and recruitment. the liberal democrats want to target extra help for nursing students. health think tanks say if there are no new policies, the current vacancy total of just over 40,000 will increase to around 70,000 in four years' time. the big challenge of healthcare is we have to run to stand still. so we've got a growing population and most importantly we've got an ageing population with more chronic disease. what that means is we need more and more staff, so although the number of people employed in the nhs is increasing a bit, it's not increasing at anywhere near the fast enough pace to cope with that rising demand. staff shortages are obvious on the front line right now.
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capping public—sector in previous years and the scrapping of nurse bursaries in england haven't helped. the royal college of nursing says more than half of members feel too busy to provide the level of care they'd like. georgina says some nurses she works with are close to the limits of what they can tolerate. some of my colleagues, very sadly, are thinking of leaving nursing. and that is so sad because i really believe in nursing and i really believe in the role we do. for whoever forms the next government, it will be critical to find ways to hold on to others like her, as well as training the nurses of the future. hello, i'm chetan pathak and this is sport today, live from the bbc sport centre. coming up on the programme: no win in seven for arsenal,
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who lose in the europa league, piling on the pressure on manager unai emery. still hoping — the russian olympic committee say they'll do all they can to compete under their own flag at the tokyo olympics. and lebronjames makes a little boy's night after overtaking michaeljordan in the nba's all—time scoring list. all of that to come, but first we start with the 30th southeast asian games, with the opening ceremony this weekend in the philippines. but the build—up has been mired in controversy, over allegations of spending irregularities, unfinished venues and athletes having to sleep on the floor. our reporter howard johnson is there. so much talk in the build—up about things not being ready in time. however things looking now?
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