tv Asia Business Report BBC News May 19, 2023 12:30am-12:46am BST
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disney scraps a multi—million dollar plan to build a corporate campus in florida following an ongoing spat with the governor. i am nick marshall, i'm here at the g7 summit in hiroshima on the agenda, the global economy, china, ukraine and artificial intelligence. welcome to asia business report. it is known as the happiest place on earth but there has been some trouble recently. first, it was the
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lay—offs and now, they have pulled the plug on almost $1 billion to build a new corporate campus in florida. the latest and spat between the company and the states republican governor. samir hussein is more stability to their plans because of new leadership of the company and changing business conditions. bob iger returned to the position of ceo at disney in novemberjust 11 months after he left. the changing business conditions are likely to include the tension between disney employees governor rhonda santos. disney is the largest single employer in the state but it came under criticism by the government when disney opposed a new law in the state that would ban the discussion of sexual orientation or gender identity public schools. in a competing statement, ron desantis said the possibility of this new campus two years ago but nothing came of it. in the
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decision to scrap the project is unsurprising, given disney's financial straits and declining stock price. the movie and television businesses declined by the theme parks of the company is so famous for, continue to be highly profitable. elsewhere in the united states, kevin mccarthy has signalled the possibility of a breakthrough in that debt ceiling impasse, and comments to reporters, they saw a breakthrough in the talks and suggested a deal could be done as early as next week. expecting that the debt ceiling as soon as the 1st ofjune and i move that raises the possibility of the worlds biggest economy defaulting on its bills. in the debt ceiling concerns are also looming large in the g7 meeting in the city of the set to take off and joe
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biden had to cut short his itinerary because of this. let's bring in a correspondent who is in hiroshima for us as if they did not have enough to talk about with this debt ceiling issue, it's something else they have to discuss. yes, welcome _ else they have to discuss. yes, welcome to _ else they have to discuss. yes, welcome to hiroshima - else they have to discuss. yes, welcome to hiroshima and - else they have to discuss. ye: welcome to hiroshima and things are about to get under way very shortly between the worlds richest countries. but what you're saying here by the us debt ceiling, it does plug into global concerns and quite interesting way. two ways, because amid all the worries about china or the stock of economic coercion, the war in ukraine and the knock on effect thatis ukraine and the knock on effect that is out on the global economy, another worry could be the fragile us economy. the worlds biggest economy doesn't have defaulting some kind of government shuts down, the big countries around the world, this region looking at this and thinking, what kind of effect is that going to have on our
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prosperity here? and another way this is significant is the fact that president biden had to cut short his asia pacific trip and he was supposed to go to new guinea, meet leaders in australia. it's going to be used by his detractors, detractors of washington as a way of framing the lack of commitment the us might have in they made a big deal of tilting towards the end of the pacific they have strong allies to economically and militarily but the fact that they have to prioritise domestic issues instead of going to developing countries on the one hand like new guinea and also develop partners like australia, it is going to be used against the us and in economic and diplomatic sense as well. all and in economic and diplomatic sense as well.— sense as well. all these issues are interconnected, _ sense as well. all these issues are interconnected, the - sense as well. all these issues are interconnected, the war. sense as well. all these issues are interconnected, the war in| are interconnected, the war in ukraine causing inflation, causing this and so on and the economic agenda that those leaders will be talking about.
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the two issues that loom large is how the g7 leaders are putting pressures on russia, hurting it economically and militarily, wejust hurting it economically and militarily, we just served hurting it economically and militarily, wejust served in the last hour, from us officials that tighter sanctions are going to be imposed to her brush on the battlefield and britain is trying to impose some of russian diamond band as well and how far the sanctions are going to go and how they will close the polls and how they will invade the sanctions, —— invade some to go on. in china is not here but looms large over the idea of economic coercion, china weapon eyes and its economy to put pressures and disagreements, presenting a
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united front on the perceived threat is also going to be something we are watching. thank you so much for that and nick will bejoining us in the afternoon and to stay tuned for that. in addition to those economic issues, the rapid progress of artificial intelligence is also expected to be high on the agenda in hiroshima. last month, digital ministers agreed on the need towards a adopt this. seeing the rights of tools and it can write essays and computer programme. i spoke to one of the centres for emerging technology and he explained what regulations are needed stability are two major types of concerns when it comes to these generative ai systems. one bucket was the dated that
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they are trained on sometimes scraped from the web and include a lot of sensitive data or copywritten material and there is uncertainty about the legal ramifications of that. there's also lots of concerns about the way i puts these models might be used or misused, including misinformation purposes were students writing essays or regulation brightly has to do with navigating the difficulty posed by those two types. ripping off other peoples work and also the spread of misinformation, how can companies and governments prepare for that? sex, companies and governments prepare for that?— prepare for that? a great question _ prepare for that? a great question and _ prepare for that? a great question and our- prepare for that? a great | question and our senators prepare for that? a great. question and our senators is done a fairamount question and our senators is done a fair amount of research into the misinformation is use of these models and while we have talked a lot about the risk of malicious actors
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deliberately spreading misinformation, i think it is a bigger danger that people are starting to use these models as their search engines. it is well—known that they make up facts and claim things that are not actually true and that may actually cause lots of misinformation and meaningful confusion in the future. the copyright issue is potentially even harder but the way the model works is that after they are trained on some data, they have a propensity to output very similar content and it is really hard to remove that capability after it is trained which means it is hard to have some sort of opt out system for artists as we have seen with other technologies. the supply and the issue _ other technologies. the supply and the issue of— other technologies. the supply and the issue of supply - other technologies. the supply and the issue of supply chains | and the issue of supply chains are also likely to be discussed at the g7 and the block is actually invited the chair of
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the african union to the summit and spoken to. the african union to the summit and spoken to— and spoken to. what we want, africa is transforming. - and spoken to. what we want, africa is transforming. in - and spoken to. what we want, africa is transforming. in the l africa is transforming. in the process of transformation, you want to add value to our resources. if we can get this, if we can get the ability to promote this and advance the process and across africa, that is going to be most welcome. and we are not going to continue as a historical materials and growing population and opportunities to presentjobs and economic and from the process of manufacturing and promoting the spirit and a good example has
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been given in zambia. where they will come up with a joint project the production of batteries for electric motor vehicles. batteries for electric motor vehicles— batteries for electric motor vehicles. ., u, vehicles. you can get the full interview _ vehicles. you can get the full interview on _ vehicles. you can get the full interview on our _ vehicles. you can get the full interview on our website. - vehicles. you can get the full interview on our website. in | interview on our website. in other news out of asia this morning, china's tech giant posted a 2% rise in quarterly revenue in that actually missed analyst expectations and they also said they would list their computing business and earlier this year, they announced plans to spin off into six different following a regulatory crackdown in the country. before we go, let's quickly show you how wall street is doing because it seems like the optimism for a possible debt ceiling breakthrough has lifted spirits at all the major
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indices doing quite well. that is it for this edition of asia business report. we do cooking club appear every thursday and we learn how to use knives and how to cook good, healthy and prepared meals. also had a plan nutritious meals and work to a budget. nutritious meals and work to a bud . et. ., nutritious meals and work to a budaet. ., ., ., budget. the train to gain new skills not just _ budget. the train to gain new skills not just for _ budget. the train to gain new skills not just for themselves| skills not just for themselves and their career but skills that they can take back to the family unit in terms of cost savings looking at batch cooking rather than going out and spending a lot of money on one particular take away picking up their families one particular take away picking up theirfamilies plan for the whole week and hopefully save some real money in doing so and have some fun cooking together.— in doing so and have some fun cooking together. someone like bentley are _ cooking together. someone like bentley are already _ cooking together. someone like bentley are already helping - cooking together. someone like bentley are already helping out| bentley are already helping out at home. if
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bentley are already helping out at home. , , ., ., at home. if my mum is at a rou:h at home. if my mum is at a rough day. _ at home. if my mum is at a rough day. i _ at home. if my mum is at a rough day, i say, _ at home. if my mum is at a rough day, i say, i'll- at home. if my mum is at a rough day, i say, i'll cook. rough day, i say, i'll cook meal— rough day, i say, i'll cook meal or— rough day, i say, i'll cook meal or something like that. the — meal or something like that. the cost _ meal or something like that. the cost of living is of living is a huge impact on mental health and it is also driving demand for services like the club which they were more young people can benefit from. club which they hope more young people can benefit from. tonight, a tick—tock band and a warning about scooters —— tiktok ban. they've been given life sentences. the—year—old was murdered outside of his home last year. and they can now be named for the first time after a judge lifted reporting restrictions and giovanni harriott and michael pusey can now be named for the first time
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after a judge lifted reporting restrictions. outside the court, a statement was read on behalf of kyrie's mum. i now ask myself, what has this achieved? what has my son died for? nobody has won in this situation. i've lost a child and other parents have lost two children. some other stories now. what would you do without tik tok? well, in america, montana's become the first state to ban tick tock. the first state to ban tik tok. from january, you won't be able to download it from the app store. struggling with rents rising, some young people in london might have a solution. they're using a scheme that matches them with an elderly person who owns a house, and they get reduced rent for helping with things like cooking and diy and they get to keep each other company. e—scooters look pretty cool, but you need to be really careful if you're charging them. this is the moment when one burst into flames while it was on charge in someone's kitchen at the weekend. time to wrap up with ten seconds of cardiff and pressing beyonce. last night, we heard some welsh fans
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the final of the europa league. no french open for nadal — rafa rules himself out of roland garros and says he plans to retire next year. and we hear from katie taylor, who says she'll �*make history�* on saturday night, as the irish boxer prepares to fight in front of her home crowd for the first time. welcome along, thank you forjoining us. there'll be three italian teams in europe's three major european finals this season. and this man looks to be doing it again — jose mourinho is on the brink of another major european trophy. his roma side are into the final of the europa league after a goalless draw at bayer leverkusen ensure a 1—0 win on aggregate. and awaiting them in the final will be the six time winners sevilla who have an incredible record in this competion. extra time was needed againstjuventus, with sevilla
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