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tv   Asia Business Report  BBC News  January 17, 2020 1:30am-1:46am GMT

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senate, with democrats setting out nine pages of allegations against him. president trump is accused of high crimes and misdemeanors, including trying to get ukraine to meddle in this year's presidential elections. he's described the claims as a hoax. the world has reached the point of climate change crisis, sir david attenborough has told the bbc. he added that it's palpable nonsense for politicians to suggest the australian fires are nothing to do with global warming. and this story is trending on bbc.com. a billionaire art collector has been jailed for 18 months for trying to smuggle a picasso out of spain. the painting, called head of a young woman, was deemed a national treasure, meaning it could not be taken out of the country that's all. stay with bbc world news. there's more on those stories on our website, bbc.co.uk/news and the news app.
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you can find the latest anaylsis and commentary from our correspondents across the world. that includes more background and outlook on donald trump's impeachment trial. now on bbc news, live to singapore for asia business report. carbon free by 2050. tech giant microsoft vows to completely eliminate emissions from its supply chain. bubble tea bursts onto the global market but is the trend about tupac? we'll explain. —— to pop. good morning and welcome to asia business report, live from singapore with me, mariko oi. let's begin with
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climate change, because starting today the bbc begins a year—long series called our planet matters, and microsoft has just announced an ambitious plan to reduce its greenhouse gases. it has pledged to become carbon free by 2050. that means removing more carbon from the environment than it in the. the bbc‘s chris foxx spoke to the company's president, who says it's working on a range of ways to make this happen. we have a lot of confidence we can achieve these goals. in part we will need to become carbon negative by reducing our own emissions very substantially, not just for ourselves but across our supply chain, our so—called value chain, as well. you're talking about ways to remove carbon from the atmosphere, how is that possible? ultimately we need better technology. direct air
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ca ptu re, better technology. direct air capture, for example, runs the air through a machine and the machine removes the carbon from the air and it then sequesters that carbon under the earth, and that's one of the reasons, among other things, that we are announcing today the launch of a $1 billion climate innovation fund. greenpeace has been quick to point out you offer your ai and machine learning to help oil and gas companies get more fossil fuels out of the ground, how can that's it by side with a pledge like this? when we think about where the world needs to go, the first thing we should all recognise is we want to create a world that is more prosperous than today and we want to increase per capita gdp everywhere in the world. the second thing we should recognise is that requires more energy. the world will need more energy a decade or two or three from now than it has today. so we need to work with the energy companies of today to help
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enable them to become even stronger and greener in the future. any company and greener in the future. any com pa ny wa nts to and greener in the future. any company wants to use digital technology to become more environmentally sound, more carbon sensitive and in our view, that's a good day, and we don't want to turn people away. some people would say it's a lot better to stop emitting more carbon than trying to recapture it later. if you ask economists around the world, what will most influence the amount of oil we consume or the carbon that is omitted, you will be ha rd carbon that is omitted, you will be hard pressed to find somebody who says, " let's hard pressed to find somebody who says, "let's put an aisle of digital technology near the top of the list". let's use digital technology to the contrary to work with every company so we can all become more environmentally sound. let's stay with climate change, because devastating bushfires in australia have sparked more interest
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in how to reduce carbon footprints there. a sydney—based company says it advises on just how to do that so what does it mean? under global standards, if a company reduces its carbon emissions by one ton it earns one carbon offset credit, and companies can earn these credits by doing a variety of things, including recycling, using less power or protecting and planting forest areas. if their offset credits cover all of their emissions, companies can then say they are carbon neutral. the australian environmentalist megan flynn says companies are finally ‘s ringing into action. businesses around the world are facing pressure across—the—board, that's coming from governments, regulators, the community but not least from their investors. the writing is on the wall for big business and if i take the words of
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mark carney, the governor of the bank of england, companies that fail to adjust to this transition and this changing world will fail to exist. let's move on to china, where beijing is reporting its growth figures injust beijing is reporting its growth figures in just under half—an—hour from now and we are watching that very closely for signs ofjust how damaging the trade war with the us has been. china's slowdown, of course, affects the rest of asia, which has strong trade and manufacturing ties. rebecca santa maria is the head of apec and she says the deal is complex but welcome. what's important in this agreement are the rules that they have specified. if you go through the details, in every aspect of that, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it is ip or pharmaceuticals, whether it was financial services, and agriculture as well, there were clear references to the multilateral trading system, the wto rules, and
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that's important. affirmation of those rules reassures all of us. there was a lot of scepticism about where the wto was going and then you look at this agreement, affirmation is so important for all of us. at the end of the day, the multilateral trading rules are what matter. how optimistic are you for phase two ? how optimistic are you for phase two? because a lot of contentious issues remain unresolved. one could say that they have kicked the can down the road, but of course theyis the can down the road, but of course they is too will be more challenging, and we will look at it. at the end of the day, market access is not saying i'm going to buy x amount from you, but really, how will i facilitate your purchasing of those products from me? that is where the real substance will be in phase two. i would think it would be very intense negotiations. how damaging has a trade war being on the rest of asia? there was some
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impact because our value chains are so connected, so there was some impact. this is sort of a reprieve. folks are waiting to where this will go and in that sense it has sent a very positive signal to all of us, that economies can work together. in other business news making headlines, the indian top court has rejected the decisions by mobile giants to take up its order to pay roughly $13 billion to the government. the supreme court in october last year upheld a long—standing demand by companies including vodafone and aird held to pay fees in overdue levies and interest. the companies say the decision could threaten their existence in the market. it is a cold, milky drink with tapioca or jelly bits. bubble tea, originally from thai one, has gained international fans. we visited the first ever bubble tea exhibition to find out how it has become a billion—dollar business.
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suite, gimmicky and full of pastel colours. no, it's not barbie's boudoir, this exhibit in singapore pays homage to all things bubble tea. visit is can sniff the sense of mango, avocado and panic otter. some of the many flavours these popular drinks come in. or make their own concoction by mixing pals, soup, and tea to mix their own. fans of bubble tea to mix their own. fans of bubble tea loaded with pearls can dive into a pool of plastic pearls or swing from a pearl the size of a wrecking ball. i like bubble tea because it's very delicious and it makes me happy. i like bubble tea because it's very delicious and it makes me happylj like drinking bubble tea because my fiance also likes bubble tea. bubble tea has been around since the 19805 but the person who organised
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the exhibit says the drinks popularity continues to grow. the exhibit says the drinks popularity continues to growm really caters to the asian palette, we like sweet stuff, desserts, something cheery. it has the different texture all in one thing. the global market for bubble tea is expected to hit $3.2 billion by 2023 according to allied market research. in singapore there is nearly a0 bubble tea trains for a population of less tha n bubble tea trains for a population of less than 6 million people. but despite this state competition, matthew decided to set up shop a few months ago. he said although it's been around for a while, the taste isn't the only thing. the generation we are in now like to eat with their eyes and people like to take photos of it for instagram before they drink it. it might not be my tea, but the popularity bubble of bubble tea is unlikely to burst any time soon.
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sarah toms, bbc news, singapore. asi sarah toms, bbc news, singapore. as i mentioned earlier, we are waiting on growth data from china for the final quarter in all of 2019 in about 20 minutes, and we will be looking out for how the trade war with the us is impacting the world's second biggest economy and a reuters prediction expects full year growth of 6.1% and if that is confirmed, it will be the weakest annual growth rate in nearly three decades and along with gdp, retail sales and december factory output figures will be due at the top of the hour. that's it, thanks for watching. this is bbc news. the top stories this hour:
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president trump has been formally impeached in the us senate. he's described the allegations against him as a hoax. the world has now reached the point of climate change crisis — that's the stark warning from the world famous environmentalist, sir david attenborough. cocaine—related deaths are at record levels in britain. they've doubled in england and wales and tripled in scotland since 2015. at the same time more people are ending up in hospital after taking the drug and it's putting a lot of pressure on the nhs. this report, by our social affairs correspondent michael buchanan, preventing cocaine from getting here is heavy work. the border force check containers, gather intelligence, seize drugs. though not this time. yet cocaine has never been more available. do you ever get impressed with some of the thinking that goes into the smuggling? absolutely. yeah, that's part of the challenge that we face as a border force is trying to stay one step ahead
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of those smuggling gangs. getting coke has never been a problem for lewis. most club toilets there's someone doing it. five o'clock in the afternoon, there's people doing it in the toilets. it's everywhere. the 25—year—old started taking cocaine around six years ago after a friend offered him some. it became a habit. i basically had a heart attack, like, not... today, lewis only takes cocaine occasionally. the drugs appeal waned. the worst paranoia i've had in my life. i'd be sat by the window at night, hear a car pull up, like, looking over my shoulder. but more people than ever are using cocaine, enticed by different strands of varying purity. there's prop, expensive cocaine for around £100 a gram, down to as little as £30 a gram for so—called council coke. from the age of 15, we've supported people to try and help them address their cocaine use.
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i remember sleeping in a telephone box, homeless, that's where drink and drugs took me. colin mcgowan is chief executive of hamilton accies football club but his passion is helping teenagers steer clear of drugs, with the help of former footballer colin mcnair. i was playing at ibrox in front of 50,000, 60,000 fans. colin discusses his footballing career to engage audiences, but he shows them his legs to emphasize his real message — the impact of a two—decade—long drug addiction. he lost everything. people that are not in addiction and not experimented with drugs, they can't understand it. "you actually threw all that away?" i didn't throw it away — caught up in addiction, you've not got a choice. your choices are taken from you. that's how strong and powerful cocaine is. cocaine is no longer the preserve of the rich. it's now an everyday drug in britain, readily available, widely consumed, increasingly destructive. michael buchanan, bbc news.
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hello. i'm gavin ramjaun. and this is sport today, live from the bbc sport centre. coming up on this programme: coco gauff aims to weave her magic, as she's drawn against venus williams in the opening round of the australian open. the world of rugby league, and prince harry, welcomes the world cup draw ahead of next year's tournament in england. and a ban on children heading footballs could come into force, in just a few weeks time in scotland. hello and welcome along to the programme. let's start in melbourne, where organisers of the australian open are adamant there'll be no impact on the tournament from the ongoing bushfires in the country. smoky conditions have affected qualifying this week. the draw has now been made, with the pick of the ties, 15—year—old coco gauff, in a rematch with venus williams. alex gulrajani reports.
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this is what they have been waiting for

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