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tv   Asia Business Report  BBC News  May 18, 2023 12:30am-12:46am BST

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debt ceiling debacle. the battle continues to strike a deal before the worlds largest economy runs out of cash. do you still have room for nature? we take a look at the wildlife being squeezed out of singapore. welcome to asia business report. we begin in washington where the battle is continuing its democrats and republicans continue to negotiate a deal to raise the debt limit. congress must approve raising the debt
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ceiling or the country could default on its financial obligations. it is until the 1st ofjune to sign an agreement with the us could face an economic catastrophe. more from new york. injust over two weeks, in just over two weeks, the united states could run out of money to pay its debts. the consequences of breaching the debt limit would be catastrophic for the country. there is pressure on democrats and republicans to make a deal beforejune one. us president joe biden spoke about the debt ceiling before leaving for the g7 summit injapan. attributes cutting short to get back to washington to continue the talks. i washington to continue the talks. ., ., �* washington to continue the talks. . . �* talks. i made and i'll say it auain, talks. i made and i'll say it again, america _ talks. i made and i'll say it again, america is - talks. i made and i'll say it again, america is not - talks. i made and i'll say it again, america is not a - again, america is not a deadbeat nation. we pay our bills, the nation is never defaulting on its debt and it never will. we are going to continue these discussions with congressional leaders in the coming days. congressional leaders in the coming deve— congressional leaders in the cominu da s. , . ., coming days. they have agreed that the country _
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coming days. they have agreed that the country will _ coming days. they have agreed that the country will not - that the country will not default. the consequences would be dire for the american economy and all sites are confident that they will be able to get a deal done. but negotiations are getting down to the wire. in that kind of uncertainty is never good for financial markets. the leaders for some of the richest countries in the world are preparing to meet in the japanese city of hiroshima this friday. on the agenda, the war in ukraine, the global recession and the artificial intelligence coming as presidentjoe biden postpones his trip to sydney after the debt ceiling issue. out—of—control risks and trends earlier and told me what she is expecting them to discuss when it comes to tackling current issues the global economy. this issues the global economy. this is interesting _ issues the global economy. ti 3 is interesting grouping. and the basis that it is a really teen grouping that has been meeting since the 1970s to tackle the key issues of the
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geopolitical as well as economic. the economic side of the agenda, i think all nations are concerned that this grouping represents half of global gdp and we have inflation issues, and supply chain disruptions in the wake of covid—i9. and present biden having to tackle serious concerns around the us debt. economic agenda looms large in the some agreements bilaterally in groups related to things like supply chain resilience and ives were also on the us bank crisis. and recently meeting with the founder who is also in us congress yesterday. there is, economic benefits of it but not relating it to business at all, elections and the ceo recently was in congress discussing potential
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impacts on the list to be one of the biggest political risks and the global agenda depending on what happens in the next election and policies that come out of it and i think that the ai issues are critical and a lot of people in these positions don't really understand the technology. another issue will be climate change seeing he waves across asia and weather events in italy. asia and weather events in ital . ., . ., ., ., , italy. lemon change to the top ofthe italy. lemon change to the top of the agenda _ italy. lemon change to the top of the agenda and _ italy. lemon change to the top of the agenda and be - italy. lemon change to the top of the agenda and be seen - italy. lemon change to the top| of the agenda and be seen data thatis of the agenda and be seen data that is not positive in the recent days and agreements like research and technology and clean energy and is really hard when the tackle and hopefully, with this and some of the agenda being able to move past covid—i9, there is some airtime to speak and the country needs to speak and the country needs to focus on this area really impacts people brings all those
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countries together on a common issue. do to report its latest earnings for the year which just ended in the month of march. analysts are expecting to see a jump in revenue for the final quarter and industry watchers are also looking for details of the spin off plan announced which will see the tech giant split into six business groups including the online shopping platform. i got predictions for the results, a data—driven channel research outlet. data-driven channel research outlet. �* , . ., outlet. i'm expecting bob ought to reort outlet. i'm expecting bob ought to report strong _ outlet. i'm expecting bob ought to report strong earnings - outlet. i'm expecting bob ought to report strong earnings are i to report strong earnings are today— to report strong earnings are today and on the ground, or share — today and on the ground, or share market and number one, the environment was very resilient _ the environment was very resilient and consumer market was recovering. numbertwo, our data_ was recovering. numbertwo, our data shows — was recovering. numbertwo, our data shows that the growth in
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the commerce is getting back to a faster— the commerce is getting back to a faster pace and april. in seeing _ a faster pace and april. in seeing that in the unit of expanding the number of openings acrossjob expanding the number of openings across job positions such— openings across job positions such as — openings across job positions such as a _ openings across job positions such as a cognizance from the management that they want to expand — management that they want to expand the business and strong earnings — expand the business and strong earnings report from baba. using — earnings report from baba. using competition and consumer spending and we have very high youth unemployment and this is a spending spike and is in sustainable?— a spending spike and is in sustainable? . ., ., sustainable? the recovering of the consumer _ sustainable? the recovering of the consumer spending - sustainable? the recovering of the consumer spending is - the consumer spending is continuous and we're seeing different— continuous and we're seeing different parts of recovering a different parts of recovering a different pace and getting into this, _ different pace and getting into this, consumer spending and
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recovering the different regions and h groups, is not what — regions and h groups, is not what we're expecting and in terms — what we're expecting and in terms of— what we're expecting and in terms of the platform, and like ali-babe, — terms of the platform, and like ali—baba, and recovering and interesting is livestreaming the commerce is growing at a faster— the commerce is growing at a faster speed.— the commerce is growing at a faster speed. and the us state of montana. — faster speed. and the us state of montana, the _ faster speed. and the us state of montana, the governor - faster speed. and the us state of montana, the governor has | of montana, the governor has signed a law to ban tick—tock from operating there. the legislation makes it the first state to ban the short video app state to ban the short video app as well as prohibiting app stores from offering it there. tiktok faces growing calls for many in washington to ban the 3pp many in washington to ban the app across the country over concerns of data providing to the app might be fed back to the app might be fed back to the chinese government. they have said in a statement that the ban infringed on the first amendment rights the people of montana. the company denies its shares data with the chinese government. in singapore, half
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the size of london and has a population nearly 6 million people and that number is also rising by more than 3% each year. it is a big push to develop more housing and quickly, but one major consequence of converting forests and residential high—rises is that, it is push the wildlife out of their natural habitat. pythons spotted out of the woods and increasingly in residential districts. these wild animals _ residential districts. these wild animals who - residential districts. these wild animals who occupy i residential districts. these - wild animals who occupy green pockets — wild animals who occupy green pockets are forced to use man—made barriers such as roads and extra — man—made barriers such as roads and extra space to get to other inhabited — and extra space to get to other inhabited pockets. also and extra space to get to other inhabited pockets.— inhabited pockets. also the im act inhabited pockets. also the impact on _ inhabited pockets. also the impact on biodiversity. - inhabited pockets. also thej impact on biodiversity. this inhabited pockets. also the i impact on biodiversity. this is the singapore i know. a city in nature. a government has a development plan called city in
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nature that is playing to restore nature to urban areas and connect green spaces with structures like this highway bridge for animals. singapore is very small. _ bridge for animals. singapore is very small, what _ bridge for animals. singapore is very small, what if - bridge for animals. singapore is very small, what if we - bridge for animals. singapore is very small, what if we have is very small, what if we have is this island is very important that our people understand that there is biodiversity to be conserved. they're not convinced of the government plan. reporting on sustainable. it’s government plan. reporting on sustainable.— sustainable. it's more than a ure sustainable. it's more than a pure platform _ sustainable. it's more than a pure platform and _ sustainable. it's more than a pure platform and a - sustainable. it's more than a i pure platform and a marketing slogan — pure platform and a marketing slogan to — pure platform and a marketing slogan to attract overseas visitors — slogan to attract overseas visitors and overseas investment. people are questioning the growth mandate and we — questioning the growth mandate and we really need to grow, do you really— and we really need to grow, do you really need to grow beyond 6 million — you really need to grow beyond 6 million people, do we really need — 6 million people, do we really need to— 6 million people, do we really need to build more residential areas? — need to build more residential areas? a, , ., need to build more residential areas? , ., ., areas? more expansion would lead to more _ areas? more expansion would lead to more displacement. areas? more expansion would lead to more displacement of| lead to more displacement of wildlife. as you can see, it's in the process of being cut down from new development and this is all meant to be singapore first housing within nature but here's the catch,
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90% of this force will be cleared for the project. printmaking will be bringing us closer to nature and bringing nature closer to us and are we ready to encounter wild animals and we know what to do or what not to do when we come across wild animals two and not to do when we come across wild animals two— wild animals two and beautiful chirinu wild animals two and beautiful chirping away _ wild animals two and beautiful chirping away but _ wild animals two and beautiful chirping away but if _ wild animals two and beautiful chirping away but if you - wild animals two and beautiful chirping away but if you see i wild animals two and beautiful chirping away but if you see a | chirping away but if you see a garden — chirping away but if you see a garden snake, _ chirping away but if you see a garden snake, are _ chirping away but if you see a garden snake, are you - chirping away but if you see a garden snake, are you ok - chirping away but if you see a i garden snake, are you ok with a garden? — garden snake, are you ok with a garden? fer— garden snake, are you ok with a carden? ., . , garden? for the city, development - garden? for the city, development with . garden? for the city, - development with nature is clearly no walk in the park. limited manned space is not only squeezing out its animal population but people too. if you're venting because friend has been on the rise for more than two years and you can go to our website and read more on that story. and of course, you can also get that story on bbc news app as well. that is it for this edition of asia business report and i'll be back at the top of the hour. to
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join us if you can. thank you so much for watching. my my name is shirley robinson, i am 90 and i havejust done a skydive. my children offered to give me an event for my birthday and so, i settled for a skydive. ijust thought birthday and so, i settled for a skydive. i just thought that this island is up there and it would be wonderful it would be lovely to just float amongst the clouds. but it was. i was
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diagnosed with leukaemia, i suppose about eight months ago and it is chronic and so, i shall have it until i die. and although it will never get better, they told me, ijust plodding along. i've done this skydive to raise money for crisis because imagine what it is like sleeping rough on cold nights and i don't think any child should go to bed without its own home over it said. i did not go out with the idea of raising vast amounts but i have over 5000 and it's amazing how generous people have been. it is lovely. the catch up. tonight, scientists give a warning.
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first up, if you have plans to big changes, the idea is to stop you from taking them out without a good reason for refusing to rent with people and benefits. because of the right to ask if you can keep a pet. politicians still of the vote on the plans and rules are different for the rest of the uk. some of the stories now. a warning that the next five years could be the hottest ever on record. we disagree to try to limit global warming to 1.5 degrees. scientist ignacio probably pass that temporarily by 2027, meaning more extreme storms. if people have died and many have been evacuated after major floods in italy. many have been evacuated after majorfloods in italy. the grand prix meant to be this weekend has been cancelled. next, there will be some flashing pictures here. they say he, megan and her mum were in the near catastrophic car chase are being followed by paparazzi in new york. a spokesperson says that last more than two hours never near
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collisions. here is the mayor of new york. n collisions. here is the mayor of new york.— of new york. i would find it hard to believe _ of new york. i would find it hard to believe that - of new york. i would find it hard to believe that there l of new york. i would find it i hard to believe that there was a two hour high—speed chase but if it is a ten minute chase, that's extremely dangerous. time now to leave you with ten seconds of super fans. you're the one that _ seconds of super fans. you're the one that i _ seconds of super fans. you're the one that i love. _ seconds of super fans. you're the one that i love. beyoncel seconds of super fans. you're| the one that i love. beyonce is in cardiff _ the one that i love. beyonce is in cardiff and _ the one that i love. beyonce is in cardiff and they _ the one that i love. beyonce is in cardiff and they are - the one that i love. beyonce is in cardiff and they are here - the one that i love. beyonce is in cardiff and they are here to | in cardiff and they are here to see her on her uk tour, going to many places. unreal. have a good night.
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hello, i'm chetan pathakfrom the bbc sport centre. coming up on the programme. is this finally their year? manchester city thrash real madrid to reach the champions league final formula one says it's the "right and responsible thing to do" after cancelling this weekends grand prix at imola because of severe flooding in italy. novak djokovic suffers his earliest exit at the rome masters since 2013.

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