tv Asia Business Report BBC News December 9, 2019 1:30am-1:45am GMT
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i'm samantha simmonds with bbc world news. our top story: indian police have arrested the owner and manager of a factory in delhi which caught fire on saturday night, killing at least 43 people. fire department officials and the police say nearly 60 people were rescued but they don't expect to find any more bodies. firefighters say the building had no fire safety equipment and no safety certificates. the fbi says it is treating friday's attack on a florida navy base in which three sailors were killed as a presumed terrorist act. and this story is trending on bbc.com. an artwork featuring a ripe banana duct—taped to a wall, that sold for $120,000, has been eaten by another artist. he said eating it was his "art performance". that's all. stay with bbc world news. more on our web site
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bbc.co.uk/news and the news app. now on bbc news live to singapore for asia business report: the trade war bites china's exports to the us fall by nearly a quarter in november. robots with artificial skin. how they can detect a touch 1000 times faster than we can. it isa it is a monday. the start of a new trading week. glad you could join us for another exciting addition for asia red —— asia business report. let us begin with the trade war because on sunday china released its latest trade data and its exports to the us falling sharply by nearly a quarter in the month of november. it is the biggest fall since february and the 12 monthly decline in a row.
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remember, the next round of tariffs are due to kick in this sunday on $156 billion worth of chinese goods. earlier i asked strategist peter mcguire what kind of reaction he expect from beijing.” mcguire what kind of reaction he expect from beijing. i think there will be some metallic tree action from the chinese and it will be an interesting week on how it lays out. —— retaliatory. we are looking at december 16 is the date. is going to bea december 16 is the date. is going to be a fascinating week how plays out. but even if negotiations to avoid new american duties are successful on 01’ new american duties are successful on or before the 15th, how soon could the export numbers turnaround? i think it is going to take a matter of months. it could take 3— five in the sense of working it through and it won't be flicking a switch and all of a sudden you have a change in appetite. i think it is going to have to work through. you have so
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many different impacts as soon as —— as far as supply chains so those only be reworked and reanalysed and from a strategic point it is going to ta ke from a strategic point it is going to take a matter of time. at this point, many us buyers have already found alternative suppliers for the next few months. that is right. 0ther next few months. that is right. other parts of asia. you are looking at the likes of vietnam, manufacturing has been set up in different parts all over the world. all of that needs to be re—engineered or looked at and i think it is going to be changing dynamic so it is going to be very much a catch up again. we understand where the chinese economy is at the moment and this is having a great impact as faras moment and this is having a great impact as far as their overall health. as you say, the next seven days will indeed be very crucial but what is your assessment, peter, will the us and china sign a trade deal on 01’ the us and china sign a trade deal on or before the 15th?” the us and china sign a trade deal on or before the 15th? i wouldn't be surprised for some form of deal to be fleshed out over the next say 48 hours and then pen to paper by end
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of week. peter mcguire based in syd ney of week. peter mcguire based in sydney speaking about the ongoing trade tensions. ageing has ordered public institutions from removing public institutions from removing public equipment and software within three years and that is according to the financial times. they have confirmed it will be a huge blow to the likes of hewlett—packard, dell and microsoft. it is trying to increase china's reliance on home—made technologies. in north korea over the weekend, president trump tweeted saying that kim jong—un risks losing everything if he resumes hostility towards the americans. the announcement of saturday's test came just hours after trump said he would be surprised by any hostile action from the north, emphasising his very good relationship with kim. now to hong kong because it is exactly six months since the protests started and over the weekend, we saw hundreds of thousands of people taking to the streets in a peaceful
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march demanding greater political rights. after months of sometimes violent demonstrations, hong kong has been relatively calm and is pro—democracy candidates won a landslide victory in local council elections two weeks ago. he was the bbc‘s laura bicker who was covering the protests over the weekend. bbc‘s laura bicker who was covering the protests over the weekendm began in june. as the protests over the weekendm began injune. as protesters took to the streets to contest the extradition bill and what they believe is encroaching beijing, pro—beijing, on their civil liberties. when it comes to what they want now, they say they have five demands and not one less. that includes a public enquiry into what they believe has been police brutality within the last six months. they also want an amnesty for the near 6000 people that have been arrested in that time. i think if people were looking at hong kong wondering if streets were going to remain empty after the local council elections where pro—democracy candidates won the election in a
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landslide, a lot of people looked at hong kong and thought, is it all over? has it all been and gone now? but i think when it comes to what we are seeing today with hundreds and thousands, at least, taking to the streets, i think the answer is a resounding no. laura bicker in hong kong. in other business news, goldman sachs may be on the verge of being 1.5 — goldman sachs may be on the verge of being 1.5 - $2 goldman sachs may be on the verge of being 1.5 — $2 billion in penalties for misleading investors. it is in relation to a decades—old sale of $6.5 billion in bonds for the malaysian investment fund one mbd. the relation authorities are probing 17 current and former directors. a goldman sachs spokesperson told bloomberg news that the bank is cooperating with investigators. now, did you know that retailers are throwing items that haven't been sold? we're talking about everything from cosmetics, clothing, shoes and electronics. the french government is about to discuss what it calls a
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world first law that bans the destruction of those surplus goods. instead, producers, importers or distributors including online ones, would have to either reuse or donate them. let us take a look. in france alone, $700 million worth of unsold non—food items are thrown away or destroyed every year. the fashion industry in which the country is a world leader is notoriously wasteful. a2017 report put the level of waste generated by the fashion industry at 92 million tons worldwide. draft legislator introduces a fine of 3300 us dollars per person and 16,500 four a legal entity for failure to comply. but critics say that is not tough enough. france has already enacted a law banning supermarkets from
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destroying unsold food and getting them to give it to charity which has led ina them to give it to charity which has led in a 30% rise in charity food donations. well, there are many viral online videos which poke fun at robot struggling to open doors or lift coffee cups but they could all change very soon and that is because scientists from the national university of singapore have created an electronic skin that can detect touch 1000 times faster than the human nervous system and as we report, robots equipped with artificial skin could be on the market in just artificial skin could be on the market injust a artificial skin could be on the market in just a couple of years. robots can be amazingly precise they are still clumsy when it comes to having a light touch. that could $0011 having a light touch. that could soon change thanks to an ultrasensitive electronic skin ballot here at the national university of singapore. you have to programme the robot individually
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with a set of tools. but with skin, they can learn how to use different kinds of tools through machine learning and intelligence but they need skin to give them the feed back in order to learn. the system of sensors is like a human nervous system. i am going to put it through its paces and see how sensitive and accurate it really is. so let us try with this soft toy first. and yes, it is soft. let us give it another go with this apple. it can also identify shape, texture and temperature, all ten times faster than the blink of the eye. 0ne temperature, all ten times faster than the blink of the eye. one of the most promising parts of the research is the potential to restore a sense of touch to people with artificial limbs. being able to hold someone's hand again. feeling that person's grip and feeling if there isa person's grip and feeling if there is a bit of sweat there or not or
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even just taking walks along the beach and filling the sand between the toes. clinical trials to fit humans with prosthetic devices are already in the works but wiring the senses into a robot isn't quite the same as hooking up to the human nervous system. there is a limitation still in how do we connect this artificial neuro system and integrated into the body and integrated into the brain and how the brain is going to receive all of these signals and interpret them to correctly so there are still those challenges. wires and circuits may never be quite as intricate as human nervous but if this system can give robots the human touch and help people with prosthetics, then that deserves a big thumbs up. innovation has really moved forward and here is look at the business calendar this week because of the growth figures from japan for the three months of september show the economy expanded much faster than initially reported. the government
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announced a massive stimulus package to help what —— stimulate the economy. we are likely to see prices edging up in china lately —— driven by its main staple pork. we will find out if the us central bank will end with another rate cut or keep a hold on the cost of borrowing and finally, on thursday, voters in the uk will be heading to the polls in the high—sta kes election. uk will be heading to the polls in the high—stakes election. thank you so much for investing your time with us. so much for investing your time with us. i i'm rico hizon. see you in the next hour. this is bbc news. the top stories this hour: police in india have arrested the owner of a building in delhi which caught fire killing at least 43 people. the fbi says it is treating friday's deadly attack on a florida navy base as a presumed terrorist attack and are trying to determine if the gunman acted alone or had
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connections to a group. michael morpurgo has written some of the best loved children's books of recent times, from war horse, to private peaceful. this christmas, his enchanting story ‘mimi and the mountain dragon' is coming to the small screen. 0ur reporter, alex stanger. the latest creation from the pen of michael morpurgo and two of the stars of bbc plasma christmas schedule. it is about the little girl having the courage to drive away fear which is a big subject in away fear which is a big subject in a society at the moment and a big subject that always has been. the courage to stand up to fear and drive it away. look at in the eye and say i am not backing down. it was up to over 100 people at these
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studios in cheshire to create the boxing day special. work began last christmas. the starting point, some drawings of mimi by the illustrator. we ta ke drawings of mimi by the illustrator. we take the illustrations and we develop them on further for illustration. lots of character turn and things that we need to be able to create those characters into animated book characters. many, many artists work on this and we all try and get into the hands of the original illustrations but many people work together and we all have to come out and all get to look like it was one person working on it. that is the biggest challenge, trying to maintain essence of the show. they caught the spirit, that is whenl show. they caught the spirit, that is when i have made this wonderful film. but if ijust sat there and read them the story about a little girland a dragon, read them the story about a little girl and a dragon, it wouldn't have been good enough. they've really had to immerse themselves in it and find out the y and the wherefore and what the story is all about. i know have just come back from a screening last night so it is just hot off the press, how did you find it?|j night so it is just hot off the press, how did you find it? i was overwhelmed. i am press, how did you find it? i was overwhelmed. lam not press, how did you find it? i was overwhelmed. i am not overwhelmed by films and plays of mine that i see
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generally because very often there are moments in the film and moments in the play where i wish it had been done otherwise and if i am being honest, that does happen. it is very moving. i defy anyone not to have a tear, notjust in one eye but into wise and probably coming out of your nostrils because that's what happens if you cry a lot. now on bbc news, sport today. hello, and welcome to sport today, live from the bbc sport centre. coming up on this programme: it's eight wins in a row for leicester city and their main manjamie vardy on the scoresheet again. we'll bring you the best goals from serie a, including this outrageous 40—yard lob from goran pandev. anthonyjoshua says he won't run from anyone after reclaiming his world titles with victory over andy ruinr
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in the clash of the dunes. hello, and welcome to the programme. we'll start in the premier league as leicester city continue to keep pace with the leaders liverpool. brendan rodgers' side won 4—1 at aston villa that's now eight league wins on the bounce for the foxes, and theirform manjamie vardy has scored in each of them. he found the net twice on sunday and is now on his best streak since his record 11—match run, back in 2015. he leads the premier league's goalscoring charts and leicester are now eight points behind liverpool. it was a brilliant performance, i thought from the first whistle we wa nted thought from the first whistle we wanted to attack the game. this team at home a really strong, they make it really difficult for you, and with the cloud and everything, we knew this was going
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