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tv   Asia Business Report  BBC News  December 11, 2019 1:30am-1:46am GMT

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our top story. in the united states democrats have formally laid impeachment charges against president trump. the white house says the president has done nothing wrong and expects to be fully exonerated. as myanmar‘s leader aung san suu kyi prepares to defend her country against claims of genocide, the us has blacklisted four top military leaders for abuses against the rohingya muslim minority. and this year's winner of the nobel peace prize has been honoured in the norwegian capital oslo. the ethiopian prime minister abiy ahmed waved to crowds from his hotel balcony with his wife. he was awarded the prize for his peacemaking efforts which ended two decades of hostility with eritrea. that's all. stay with bbc world news.
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there's more on our web site bbc.co.uk/news and the news app. now on bbc news live to singapore for asia business report. the world's most valuable and profitable company makes a stock—market to be. profitable company makes a stock-market to be. trump's nafta rewrite. it's a wednesday, glad you could join us. we kickoff the programme with the energy markets and it is indeed a major day.
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raising over $25 billion last year. we explain what this listing means that the company and the saudi economy. three years after it was first announced, sally aramco is finally going public. the company is looking to raise $25.6 billion. alibaba raise looking to raise $25.6 billion. aliba ba raise $25 looking to raise $25.6 billion. alibaba raise $25 billion in 2014. this makes it the largest listed farm and just to give you a sense of the scale. bumping total world demand. giants like apple,
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exxonmobil and shell. initially the company was looking at raising funds, new york and london. they fill in the long—term, given demand is falling. but for saudi arabia. but they want to use this money to diversify the economy. wants to use these funds to invest in newjobs and also take away the saudi economy. heavily reliant on oil but the big question is, how will the market go from here and where will it stay in the long run? the united
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states, canada and mexico have finally agreed to a new deal to replace the previous agreement called nafta. the new pack still needs approval but it seen as a victory by all sides after two years of debating. michelle fuller explains the difference between the two agreements. the key thing is about american worker protections and the ability to enforce what rules there are in the trade deal. that is what held it up. it is led to sort of a big conversion if you like from some of the big unions here in america who previously were very much against this deal now coming out in support of a deal which in the past if you look at its predecessor, nafta, was criticised for sort of accelerating the decline in us manufacturing. the world trade
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0rganisation is in crisis. the body no longer has enough judges to resolve trade disputes. the us is blocking new judge resolve trade disputes. the us is blocking newjudge appointments because president trump doesn't think his country is being treated fairly by the wto. the bbc asked the director—general if any fixed can happen while trump is still in the white house. i think so. we are talking to the us administration and we understand better today than in the past how deep their concerns are and how widespread they are. i think we are beginning to have the kind of conversation that will allow us to figure out the kind of changes that are needed to find a solution. the wto's roberto azevedo. in france,
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people are protesting against the government's pension reforms and we are expected to find out details today so what could these changes entail? at the moment, france has a retirement age of 62. one of the lowest in the developed world and some railway workers can even retire as young as 52. well, france has 42 different pension schemes and the government would like to unify them into a single system and if the government is unable to push through with these reforms, one independent forecast was there could be a deficit of $18 billion us by the end of 2025. to the united nations climate conference in madrid and it wraps up on friday. discussed, how to get more businesses involved in defending the environment and attract investments into sustainable technology. so we any closer to a solution? edf is a non—profit organisation that tackles those
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problems and they have been working together with the companies. i asked the corporate partnerships —— partnerships managing director what the tactic is to convince big business. what we are seeing is that investing in technology that's good for the environment is a $26 trillion opportunity so we think it makes great sense of the business is to step up and lead in this area. it's very important what is going on in madrid right now because what thatis in madrid right now because what that is doing is getting the policy right at the global scale and setting the markets of the global and national scale but as you know, what's going on in the united states, we do not have climate leadership at the national level so in the us and many other countries, it's really important for companies, to step up as it has been, and drive
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the climate agenda. how much of big businesses stepped up, in 2018 and 19, in terms of investing in the environment? i think the investment increases huge. what we are finding, in business and technology, at edf, we surveyed 600 business leaders, investing in technology and a sustainability win but only 59% are investing. we see a golden opportunity for closing that 33— point opportunity gap but the truth is, it's much bigger investment than was. we need in order of magnitude more. prove them out by bringing the
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costs down. speaking of climate change, new york state judge found us oil giant exxonmobil not guilty of misleading investors, a lawsuit brought by the new york state attorney general. the attorney general‘s officer said it would appeal the decision. the case was the first of several climate change lawsuits. just before james mcmaster became ceo, he met a distraughtjob applicant. this inspired him to start a new strategy for the staff of his company to create a happier workforce. my my cco my ceo secret is to occurrence your tea m my ceo secret is to occurrence your team to bring themselves to work and
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they will bring the true personalities, bring a better customer ‘s experience and that will increase more sales. i remember interviewing someone at a previous business who had had a bad experience coming back from maternity. there was no desk, no role and people didn't even know she was coming back that day and it made me think, if you come back into a work environment and you don't feel very valued, you are not going to do your best work so we believe the best way to have your staff feeling like they are giving everything and feeling like they are totally committed to the company is to create an environment where they feel they can bring their true selves to work.
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if you have a team there who don't feel like they can bring their personality to work, they are just going to roll over with any customer from ——, from a customer and outing don't roll over and they are very co mforta ble don't roll over and they are very comfortable to talk to the end of the day what is good for people's bodies and white successful. if you feel comfortable being your true self and the phone or talking to someone on social media, that customer will remember it and that customer will remember it and that customer will remember it and that customer will ultimately remember to buy more from your company. this is bbc news. the top stories this hour. in the united states, leading democrats have unveiled formal impeachment charges against donald trump. the president has called the process ‘sheer political madness'.
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the united states has imposed sanctions on four senior myanmar military officers, accusing them of committing serious human rights abuses against the country's rohingya muslim minority. the debate over funding for the nhs and it's long term future, have seen some of the most intense exchanges between the main parties in the election campaign. so what are the critical, underlying issues the health service is grappling with? our health editor, hugh pym, takes a look at some of the challenges. 70th birthday celebrations for the nhs last year reflecting its status as a much loved institution. no wonder it's always at the heart of an election campaign. this time, even more so. the front line of the nhs is under immense stress with longer waits for patients and a fierce debate about what's now needed. so what's the background to all this?
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well, first of all, let's look at health spending after inflation in england going back to 1979. the conservatives under margaret thatcher and john major raised it on average more than 3% per year. then, under new labour, average annual increases were around 6%. but from 2010 — first under the coalition government and then under the conservatives — it was below 2%. the conservative government has already promised more than 3% until 2024, with labour's campaign pledge above that, and the lib dems in between. hospital bed numbers in england have fallen steadily under successive governments, from around 300,000 in the late 1980s. in the last financial year there were fewer than 150,000. this partly reflects more patients being looked after in the community and fewer overnight stays for surgery. but the question is, has it gone too far? we are seeing the highest ever a&e attendances and we are seeing the longest wait for treatment, but this hasn't come overnight. this has built up over a period
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of time and what we are seeing is demand outstripping supply, so there isn't the money or the workforce to actually treat people. a key indicator is a&e performance. 83.6% of patients were treated or assessed in four hours in england in october, the lowest ever. in scotland, where it is snp run, the figure was 86%. in wales, run by labour, it was lower at 75.3%. in northern ireland, where the assembly has been suspended, just 65.3% were seen or assessed in september, way below the target. the debate is mainly around england. staffing is a challenge with more than one in eight nursing posts in england not filled. the parties have promised more doctors and nurses but training them takes time. there are deep problems to resolve for whoever moves into downing street. hugh pym, bbc news.
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hello. you're live at the bbc sport centre with me ben croucher. this is sport today and these are your headlines. ancelotti axed. napoli sack their manager despite qualifying for the champions league last 16. it was a dramatic night in europe. liverpool made it out of their group but some big names did not. and after a 10 years absence, we're nowjust three hours from test cricket's return to pakistan. we'll tell you who will lead the all blacks later in the programme too but first to napoli and carlo ancelotti sacked just three hours after leading his side into the champions league last 16. their 4—0 win over genk apparently little comfort for the napoli board who have taken a dim view on their previous form that saw them go nine games without a win in all competitions before
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tuesday night.

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