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tv   Asia Business Report  BBC News  February 20, 2020 1:30am-1:46am GMT

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more passengers leave the diamond princess cruise ship — but there's criticism of how japanese authorities have handled it. there are fears the release could spread the virus. the us centers for disease control has described japan's quarantine procedures as inadequate. police have confirmed that eight people have been killed in shootings in the german town of hanau — near frankfurt. the suspect is said to still be at large. and this story is trending on bbc.com: tributes to the rapper pop smoke are pouring in across social media after he was shot dead in his home during an apparent armed robbery. the 20—year—old was a rising star from new york and this week got his first us top ten album. stay with bbc world news.
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is always there is more on our website and on the news app. now on bbc news live to singapore for asia business report. boeing's crisis hit 737 matt jetliner hits new problems. and find out why india is facing its worst slowdown in a decade. hello and welcome to this thursday's asia business report. we begin with boeing because there is a fresh set of safety concerns in its fleet. they found debris in the fuel tanks of the 737 max jet which were
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awaiting delivery to airlines. the head of the 737 programme has told employees that the discovery was absolutely unacceptable although the spokesperson for the firm said the company did not see the issue delaying the return to service of the jets. delaying the return to service of thejets. remember, delaying the return to service of the jets. remember, those delaying the return to service of thejets. remember, those plans have been grounded for months after two fatal crashes. our correspondent has the latest from new york. this is astonishing given where we find ourselves with this company. the bestselling plane has been grounded for almost a year now over engineering concerns are now this raises questions about quality control of the company. basically they are talking about debris found in some fuel tanks. a company spokesman told the bbc that when they weren't conducting maintenance they weren't conducting maintenance they discovered what they referred to as foreign object a breach, fod. things like tools and rags which can
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cause damage. the company said they are inspecting all the planes and still think they will get them recertified in the middle of this year, as per current schedules. staying with boeing, it will likely lose a major tax break to avoid european tariffs on wednesday, lawmakers in washington state where boeing has its commercial aircraft factory introduced a bill to remove the tax break that helped trigger a transatlantic trade dispute over aircraft subsidies. now let's talk about the coronavirus, also known as covid-i9. about the coronavirus, also known as covid-i9. later about the coronavirus, also known as covid—i9. later today, the world's biggest gambling hub, macau, reopens its casinos after closing them for more than two weeks. it is a vitally important sector for the chinese territory that brought it $36.5 billion last year. comes as many companies around the globe struggle to cope with the impact of the
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outbreak. in time —— china, tech giants have said that their staff will work from home for the next one oi’ will work from home for the next one or two weeks. over injapan, the telecoms giant there has started encouraging its 200,000 employees to work from home or travel during off—peak hours. here in singapore, many firms are conducting health checks for staff entering buildings and authorities have issued guidance for companies including working out a leadership plan senior managers are affected. injapan after 14 days in quarantine, passengers on the diamond princess are in the process of disembarking from the cruise ship. it has been quarantined from over two weeks in yokohama and during that time 600 passengers and crew have tested positive. passengers who left tested negative but some experts question howjapan has handled this crisis. a larger outbreak would be a huge blow to the
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economy. i asked outbreak would be a huge blow to the economy. iasked how long outbreak would be a huge blow to the economy. i asked how long the impact is expected to last. at least half a year, that is the experience from the sars outbreak in 2003. but this outbreak has been more severe so i would not be surprised if it last longer. half a year! we know crucially that the olympics happens during that timescale so what impact might this have on visitor numbers, on receipts and consumer spending? we estimate there may be a a0 or 50% drop in tourist arrivals and if the outbreak is not brought under control than that will not rebound anytime soon. that will knock off almost half a percentage point from the gdp. there is also a risk that the gdp. there is also a risk that the olympics may be cancelled and the olympics may be cancelled and the spending associated with the olympics will not take place. you
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mentioned the olympics, that is the worst case scenario. mentioned the olympics, that is the worst case scenario. as far as we know we have not seen that in recent history at all. what impact might that have considering how much the government spent? it would be via spending on transport and security measures and direct spending accommodation, things like that. the impact on visitor numbers would be small. previous olympics did not result in any boosted tourist numbers during the year the trip ta kes numbers during the year the trip takes place. and there is not a lot of associated impact on retail spending. but i would also expect that the games would be delayed rather than cancelled. one day after aus rather than cancelled. one day after a usjudge rejected huawei's lawsuit which challenged a law that and federal agencies from buying its product, the companies chief security officer has told the bbc that america's efforts to ban it will only damage the us economy. last week the us expanded its
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lawsuit against huawei, accusing the chinese giant of a decades long plan to steal technology from us firms. here is the chief security officer. if we are forced to purchase the components that recently comprised 30% of all huawei products around the world, if we are forced to go and not purchase from nearly 300 american companies that are $11 billion a year, if we are forced to not use google for our operating system, the second—largest mobile device maker in the world, we will be fine. but what is certain is that the a0,000 american jobs that depend on the $11 billion we spend are going to be negatively impacted. u nfortu nately if going to be negatively impacted. unfortunately if the government keeps going the way they are, they will hurt america, much more than they heard huawei or china. the uk has decided to include huawei in the sg has decided to include huawei in the 5g network. the core aspect of the
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telecommunication network is the most sensitive and most confidential information. so the uk government is trying to be responsive to the incredible pressure from the united states. they are trying to put some measures in place that can be called risk mitigation. even in the uk, huawei is considered high risk and is not included in core infrastructure 56 networks. how is that an endorsement for huawei? the uk, despite the greatest lobbying campaign in the history of the united states relative to the uk, despite that campaign, they have decided to push back to the us and to allow the relationship, that 11 year relationship between huawei and the uk to continue. that is not a giant victory. it is a small step forward. the kind of step that we hope will help demonstrate to the world that despite political pressure, people can deal with facts and people can look and address
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cyber security risk in a comprehensive manner. that was huawei chief security officer speaking to the bbc. and now to india faces its worst slowdown in a decade. the government says the economy will grow by 5.7% this year. all though that growth rate is higher than many economies around the world, in india it raises concerns and even some controversy. this controversy in india right now on whether the current economic slowdown would be considered, yes, the dreaded r word, a that is traditionally defined as economy that sees two quarters of negative growth. the gross domestic product, or the sum total of goods and services produced clients over a period of six months. in india, the economy is expanding to a.5% as the latest data shows, growth rate many
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countries would be envious of. so what is the fuss? an economist recently said there is nothing in the data that suggest that india is not ina the data that suggest that india is not in a recession. the former chief economic advisor to the indian government questioned whether the data was painting a rosier picture than reality. why are these prominent economists seemingly disputing the facts? because while india's economy is not in a recession, it sure feels like it is. the real estate of the indian economy, if you lookjohn gdp is not good. everything from car sales to scooter sales to building. it will tell you that the economy is not in good shape. that is right. unemployment is at a a5 year high and consumption has fallen for the first time in four decades and industrial output has continued to shrink. and there are some who argue that a developing economy like india
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needs to grow at a substantially higher pace to create enough jobs. in the context of an economy like india which is a developing economy, we have anywhere between ten and 15 million people a year entering the workforce. the definition of a recession has to be modified. slow growth, even if it is positive, feels like a recession. and that is the crux of it. for many indians it sure feels like a reception —— recession even though it technically may not be one. and finally, a quick look at markets which are rising. the chinese central bank has just cut its central benchmark interest rates and that shows china is planning stimulus measures which encourages investors. this is bbc news. the top stories this hour. more passengers leave the diamond princess cruise ship — but there's criticism of how japanese authorities have handled it with fears the release could spread the virus.
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police in germany say at least eight people have been killed after two caroline flack's family has released an unpublished instagram post that they say she wrote shortly before she died. in it, the former love island presenter said her "whole world and future" had been swept from under her feet when she was arrested for assaulting her boyfriend. our special correspondent lucy manning reports. caroline flack, the day before she died. she had walked with friends, laughed, talked about the future. then she heard that her trial was going ahead. friends say everything changed. the love island presenter had wanted to speak out. she had written a statement a few weeks ago but had been advised not to publish it. today in the local paper, her mother did. she wrote...
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it was an accident. i'd been having some sort of emotional breakdown for long time. but i am not a domestic abuser. we had an argument and accident happened. the blood that someone is sold to a newspaper was my blood, and that was something very sad and very personal. my family can't take any more. i've myjob, my home, my ability to speak, and the truth has been taken out of my hands and used as entertainment. caroline flack's inquest was opened at a short hearing this morning lasting only a few minutes. the court heard that on saturday early afternoon a police car was flagged down a narrow road and when officers went in she was found lying on her back. efforts to resuscitate her were unsuccessful. on tv caroline flack was full of life, but she was finding life hard to cope with. facing a court case her boyfriend said he wasn't supporting.
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if they were simply to drop any case of assault where the complainant withdraws the support for prosecution, that would encourage those people who are minded to coerce or pressure or persuade their victims to withdraw, and unfortunately that is a very common problem. no one factor causes someone to take their own life. her mother said she was surrounded by loving friends, but this was too much for her. lucy manning, bbc news. if you're affected by any of the issues in that report, recorded information and support is available from bbc action line. the details are on the screen now. hello there.
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you're live at the bbc sport centre with me, ben croucher. this is sport today and these are your top stories. they were one goal from being knocked out last year, now atalanta are favourites to reach a first champions league quarterfinal. the gloves are off in las vegas — or, they've not been put on yet. yes, this isjust the press conference for the heavyweight rematch between wilder and fury. and she won — but we'll tell you how close simona halep was from exiting the dubai championship. welcome along. cricket on the way later, too, but we'll start in europe where two clubs made their debuts in the european champions league knockouts on wednesday. that didn't hold rb leipzig or atalanta back, though. leipzig were 1—0 winners at tottenham while atalanta stunned

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