tv Asia Business Report BBC News January 22, 2020 1:30am-1:46am GMT
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in the us senate, with a procedural wrangle over whether the hearings will call witnesses. senators are meant to act as jurors, over claims that the president misused his powers by deliberately witholding military aid to ukraine, to force it to announce a corruption investigation into mr trump's political rival. travellers worlwide are on alert, as health chiefs warn a deadly new form of coronavirus is spreading beyond china. a case has been confirmed in seattle in the us. and this story is trending on bbc.com. prince harry is threatening to take legal action over paparazzi photos taken of his wife, meghan. some newspapers and websites published pictures reportedly taken by photographers hiding in bushes, using long lens cameras. that's all. stay with bbc news. and the top story in the uk:
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jess phillips has admitted she cannot "unite all parts" of the labour movement and has pulled out of the race to suceeed jeremy corbyn as leader. her decision came as lisa nandy secured the backing of the gmb union. more on our website bbc.co.uk/news and the news app. now on bbc news, live to singapore for asia business report. more bad news for boeing. shares are halted up trouble 737 max won't be playing soon. netflix is crowned the winner after putting its latest earnings, but it faces some competition from a peacock and mouse. we will explain. good morning, and welcome to asia
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business report, live from singapore stopping let's begin with boeing because it shares have been halted on wall street and that is after the company said its 737 max will not be back to service until the middle of this year, that is much later than expect. it wasn't meant to be like this. the grounding of the 737 max jet wasn't expected to last long. and yet once again boeing is pushing back the date for its return to service. in the new delay comes after two recent discoveries, a softwa re after two recent discoveries, a software floor covering more work than expected and the discovery that the wiring needs to be rerouted. this means the jet will miss the busy summer travel season for a second straight year. that is peak revenue season. and second straight year. that is peak revenue season. and it could add to the compensation that the us playmaker ends up paying airlines. the max was grounded in march of
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2019 after two delete pressures that killed hundreds of people. it was previously estimated that the flaying ban would be lifted before the end of 2019. the overly optimistic assessment caused them problems and led to the departure of boeing's previous ceo. this is the first update since its successor started on thejob first update since its successor started on the job last week, and first update since its successor started on thejob last week, and it comes one week before he has to face investors when boeing publishes its quarterly results. now to netflix, which posted better results than what analyst had expected and latest quarter. the streaming giant added more paid subscribers, partly thanks to the launch of oscar contender the irishman as well as returning series the crown. but the market is getting increasingly crowded and just this week, netflix signed a deal with a japanese animation company to host
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21 of the company's titles on the platform. but netflix is now competing with the newest addition, nbc's competing with the newest addition, nbc‘s peacock. and remember, disney plus and apple's tv plus were both launched in november, but netflix is ha rd to launched in november, but netflix is hard to beat. i think these are teflon like numbers. strong in terms of international subgroup. there are fears out there in terms of disney and the impact, i think they continue to see the stock move higher based on these results. continue to see the stock move higher based on these resultslj continue to see the stock move higher based on these results. i am not going to hide my bias, i am a huge fan ofjibley films, it must have cost a lot of money for netflix to sign them, do you think it is worth it? yes, it all comes down to content stopping just in the us but across asia and everywhere. right
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110w across asia and everywhere. right now netflix are spending 15 billion, especially with disney coming at them with a target on their backs, i think this is a smart, strategic move especially on the animation side. would you say the market is getting a bit too saturated or is this a good thing for consumers?” think you are starting to see some fatigue out there, in terms of the streaming side, but look at the numbers stopping the average consumer household, $35 per month on streaming, that is what we estimate they are spending. there is definitely room here for one or two more winners, disney is definitely a winner here, but you look at peacock, that's another disruptive streaming service, apple and hbo coming out, so you have got some winners and losers, but ultimately ideal view this is the start of a massive streaming arms race. let's
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talk about huawei's mun onejoe... officials have caused ms meng with bank fraud and accused them of misleading about business and a ——in iran. the company's chief security officer says they are in close negotiations with british officials. i wouldn't say we are confident that the uk is going to sue huawei, the investment of huawei in the uk, the investment of huawei in the uk, the investment by the uk in huawei is going very well, so we have our fingers crossed. we hope and expect they will make a decision that is best for the people of the united kingdom and we look forward to that decision. as we have been telling you on newsday, president trump's impeachment trial has started in
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washington, but he is actually thousands of miles away in davos for the world economic forum. mr trump used his speech to attack environmentalists. this is a time for tremendous hope and joy and optimism and action, but to embrace the possibilities of tomorrow, we must reject the perennial prophets of doom and their predictions of the apocalypse. they are the heirs of yesterday's foolish fortunetellers andi yesterday's foolish fortunetellers and i have them and you have them and i have them and you have them and we all have them, and they want to see us do badly, but we don't let that happen. for me, it was classic president from. i don't think anyone should be surprised. i thought it was less about an attack on environmentalists, it was really about a very confident us president talking about a resurgent america. i
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think many people, perhaps myself included would have liked to address more about these bigger issues about the climate, but i think he was right on point and making it clear that the story of america is also one of a resurgent that the story of america is also one of a resurgent economy that the story of america is also one of a resurgent economy and i think the united states have much to be proud of, new look how at the economy continues to grow under president trump. off to india now where uber has sold its food delivery service to local rival zomato. indians, especially in cities, have grown accustomed to ordering their favourite meal at the click of a button. more than 3 million meals are delivered across india every day. that is a huge market and everyone wants a share stopping the big players are allan barber and zomato. they are operating in hundreds of thousands of cities across india and have an
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extensive catalogue of restaurant partners. so, how are they faring? the earnings is very low compared to the global profits. ubereats entered the global profits. ubereats entered the indian market in 2017. that is considered a late entry to the food tech party by industry watchers. but it had a lot of advantages. it had the backing of its international operations and deep pockets. it its right hailing services were already firmly established in india so it had a strong customer base. but why did ubereats struggle to succeed? zomato and swiggy had the first advantage in the country. most restaurants had listings on swiggy and zomato. uber was under pressure to make profits ever since it went public last year. so they say they wa nt to public last year. so they say they want to focus on the right hailing service in india, where it has a 50% share alongside rival ola. it is not
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clear if this will lead to job losses for ubereats employees. for now, uber is backing on its right hailing service, plus a side steak and zomato to deliver a success story in india. let's now talk about mental health as we are seeing more companies paying attention to the psychological well—being of their employees. there is now an app called mind by that helps you meditate, but the trick is to keep your eyes open. it is about paying attention to the present moment wherever you are, so you can actually do that with your eyes open, by paying attention to what you are seeing, open, by paying attention to what you are seeing, or open, by paying attention to what you are seeing, or paying attention to what you are smelling as well. one very popular thing people do with our is to be mindfully eating, so they will be paying attention to
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the smell, taste, or how it looks. how did you get into it? was born and raised in singapore, but when i started a business in silicon valley, i experienced a lot of stress. vi was being funded by google back then, and i started experiencing chest pains, from perhaps lack of sleep, exercise, and the whole lot, and then a saw a doctor in singapore we i was flying back, and he did a bunch of scans and suggested i meditate. let's now show you the markets before we go. asia markets after opening lower have turned flat to hire but there isa have turned flat to hire but there is a lot of concerns about the coronavirus and wall street backed away from record highs as the virus found its way to the us. that's it for the programme, thanks for watching! this is bbc news. the top stories this hour:
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the trial of president trump has begun in the us senate — with a big row over whether either side will be able to call witnesses. health chiefs warn that a deadly new strain of pneumonia will spread beyond china — as a case is confirmed in a traveller who'd just arrived in the us. us health officials have announced the first case of the coronavirus in the united states. the disease — which authorities say can pass from person to person — has infected nearly 300 people overall, and six people have died. stephen mcdonnell has more from beijing. the number of those infected is going up and up. now the updates are coming hours apart, and with every jump, people are taking this crisis more seriously. just days ago, many lunar new year traveller seemed quite blase about the situation stopping now the mood is different. translation: of course they are
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worried that the virus may all of a sudden spread further. of cross infection happened during this spring travel period, the epidemic will be terrible. my hometown is close to the place where the virus broke out. translation: of course i'm worried. ijust went to translation: of course i'm worried. i just went to buy masks, translation: of course i'm worried. ijust went to buy masks, but translation: of course i'm worried. i just went to buy masks, but when attracted by some around my neighbourhood before leaving, they we re neighbourhood before leaving, they were all sold out. in wuhan, where the outbreak started, scientist say anyone with a high temperature shouldn't leave. the authorities have ordered local to cancel their trips and cars driving away are being stopped for random searches stopping the chinese government is putting out the message that everything is under control. translation: we understand that under the strong leadership of the party central committee, the new virus outbreak in wuhan will be brought under control. over the coming weeks, the spring festival means that hundreds of millions of
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people return to their or head overseas. medical teams are clearly worried about the transmission of this deadly virus. scientists have joined those in the uk saying that there are hundreds of people that have been infected, they bear the real number could be thousands, because look how many people are travelling around china at the moment. the virus has not only spread to other chinese cities but to other countries and that is why the authorities are not taking any chances and they are putting these extra measures in placed. many people had to believe it when they say they know how to manage the emergent. what worries them, is what the authorities don't know about this virus. we have more detail on our website and you can get in touch with me on social media. now on bbc news, sport today.
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hello, this is sport today live from the bbc sport centre. coming up on this programme: day three of the australian open championships where we have seen the rainy and champion of the women's singles, naomi osaka, booka rainy and champion of the women's singles, naomi osaka, book a place in the next round. arsenal get a late equaliser at chelsea to stay in the top half of the premier league. and sergio aguero does it again as he comes on as a sub to score the winner at sheffield united this. hello and welcome to the programme where we're heading straight today three of the australian open, will currently well under way in melbourne.
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