tv Asia Business Report BBC News May 19, 2023 2:30am-2:46am BST
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i am nick marsh live at the g7 summit in hiroshima. where world leaders are arriving right now, meeting to discuss the global economy, china, ukraine and artificial intelligence. also on the programme, disney scrapped a multi—million dollar plan to build a corporate camp is in florida following an ongoing spat with the state's governor. welcome to asia business report with me, mariko oi. we with me, mariko oi. want to take you straight
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live we want to take you straight live to hiroshima where we are seeing alive oriel park, we were looking at churches of the european union commissioner who commissioner ursula von der leyen shaking hands with fumio kishida and other g7 leaders will be visiting here as well, they will actually be spending a couple of hours here and that is something that student, peace activists have been petitioning, also a—bomb survivors will be meeting those leaders, that is something they have also been asking for as well so that this g7 summit doesn't become just a photo op but those leaders can take home what they learn, what they see at this memorial park so we will have all the latest as we get it but of course, they will have a lot to discuss as they continue their meeting in hiroshima, looming large over the agenda of the us debt
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ceiling impasse. this is even as we are getting signs of a potential breakthrough in talks. us presidentjoe biden even had to cut short his asia—pacific itinerary due to this. let's bring in nick marsh. i guess if they didn't have enough to talk about to begin with, this is the latest addition to what they have to discuss? . ., ., discuss? yeah, add it to the list. president _ discuss? yeah, add it to the list. president biden - discuss? yeah, add it to the list. president biden has - discuss? yeah, add it to the | list. president biden has got discuss? yeah, add it to the l list. president biden has got a lot on his plate and we know that he is going to be leaving straight after this g7 summit, flying back to washington to try and avoid a government shutdown over the us debt ceiling dispute. we have heard that there could be some kind of breakthrough there, the developments have been positive in the last couple of days but it does highlight a couple of things as pertains this meeting of world leaders here in hiroshima. the first is the
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fragility, may be, of the us economy. we have in talking about worries of ukraine, china's economic influence here in the region as well but governments here in asia will be looking at the us, we've seen bank failures, we've seen instability of the debt ceiling so ability obviously has big, big repercussions as to what happens with global prosperity as well. the second is how committed the us as to its partners out here, president biden is having to cut short visits to papua new guinea, australia as well so there might be slight question marks where it comes to where the priorities lie in washington. and they do have other economic issues that they have to discuss, don't they? can you talk us through some of them? the big issue really when it comes to china is this notion of economic coercion, this accusation that ageing users
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it's very powerful economy as a weapon to punish countries it has dispute with, impose trade restrictions, when there are problems with countries in the region, with japan, there's been problems in the past with australia as well so they are trying to rally other g7 countries to try to counter this economic influence of china in the guards to be how easy that is going to be, that is a completely different matter, european countries have very strong trade links with china so i suppose the idea of decoupling, breaking of ties, that's absolutely not feasible, not desirable for a lot of country that the g7 as well but there is this notion of de— risking, of moving away from china, not completely, but breaking of ties, but maybe diversifying supply chains. into something they spoke about with john into something they spoke about withjohn from into something they spoke about with john from the into something they spoke about withjohn from the asian development bank institute, he told me about the importance of supply chains as they relate to china in the region.—
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china in the region. what we have learned _ china in the region. what we have learned in _ china in the region. what we have learned in the - china in the region. what we have learned in the past - china in the region. what we i have learned in the past couple of years — have learned in the past couple of years is _ have learned in the past couple of years is that there are significant vulnerabilities in that— significant vulnerabilities in that global supply chain and one of— that global supply chain and one of the thing that the g7 would — one of the thing that the g7 would be aiming to do is to enhance _ would be aiming to do is to enhance the resilience of global— enhance the resilience of global supply chains. the issue of economic coercion by china is a _ of economic coercion by china is a mechanism which is going to be — is a mechanism which is going to be addressed through improving resilience and global sunply— improving resilience and global supply chains and that will actually reduce the effectiveness of that type of. it's a — effectiveness of that type of. it's a dilemma obviously for g7 countries when it comes to dealing with china, the isolation, that is something that has been ruled out by most european countries, with just seen pictures of the eu council president arriving here in hiroshima, underscores how important unity of the european countries is as well when it comes to dealing with china. the us wants to go quite hard, they want to really, really curb investment there. european countries a bit more ambivalent
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so maybe meeting in the middle, matching intentions with economic reality, that is something we're going to look out for it comes to joint statements coming out of this weekend. . ~ statements coming out of this weekend. ., ~ , ., statements coming out of this weekend. ., ~ i. statements coming out of this weekend. ., ~ . ., weekend. thank you so much for that undate- _ weekend. thank you so much for that update. a _ weekend. thank you so much for that update. a lock _ weekend. thank you so much for that update. a lock to _ weekend. thank you so much for that update. a lock to discuss . that update. a lock to discuss today and over the weekend and nick will be across all of those stories for you so do stay tuned for that. and of course and addition to those economic issues he was talking about: the rapid progress of artificial intelligence is also expected to be high on the agenda in hiroshima. last month, digital ministers from the bloc agreed on the need to adopt, quote, "risk—based regulations on al". of course, 2023 saw the rise of generative ai tools like chatg pt. that's a chatbot which can basically write essays and even computer programs. earlier i spoke with micah mussa from the center for security and emerging technology, and he explained what sort of regulations were needed. very broadly, there's two major types of concerns when it comes to these generative ai systems.
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the one bucket has to do with the data that they're trained on, which is oftentimes scraped from the web and can include a lot of personally sensitive data or copyrighted material. and there's uncertainty about the legal ramifications of training models on that. on the other hand, there's lots of concerns about the way that outputs of these models might be abused or misused, including for things such as disinformation purposes or even just for students writing essays for their their own homework. and so regulation broadly has to do with navigating the difficulties posed by those two separate types of issues. there are also concerns like ripping off other people's work, also the spread of misinformation. how can companies and governments prepare for that? it's a great question. our center has done a fair amount of research into the potential misinformation, misuse of these models. and while we've talked a lot
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about the risk of malicious actors deliberately spreading disinformation in the near—term, i actually think it's a bigger danger that people are starting to use these models as though they're search engines, even though it's well known that they oftentimes make up facts and claim things that aren't actually true and i thinkjust that might actually cause lots of misinformation, potentially some meaningful confusion in the future. the copyright issue is potentially even harder. the way that these models work is that after they're trained on some data, they have a sort of inherent propensity to output very, very similar content, and it's really hard to remove that capability after it's trained, which means it's really hard to have some sort of opt out system for artists as we've seen with other types of digital technologies. let's go now to the us. it's known as the happiest place on earth,
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but following layoffs and the closure of its star wars—themed hotel, disney has pulled the plug on plan to invest more than $1 billion to build a new corporate campus in florida. it's the latest in a spat between the company and the state's republican governor. our reporter samira hussain has more. in a statement to employees, disney said it scrapped its plans because of new leadership at the company and changing business conditions. bob eiger returned to disney as ceo in november just 11 months after he left. the changing business conditions are likely to include the tension between disney and florida's governor, ron desa ntis. now, disney is the largest single employer in the state, but it came under criticism by the governor when disney opposed a new law in the state that would ban the discussion of sexual orientation or gender identity in public schools. in a competing statement, mr desantis said disney announced the possibility of this new campus two years
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ago, but nothing came of it and that the decision to scrap the project is altogether, is unsurprising given disney's financial straits and declining stock price. well, the company's traditional movie and television business has declined, but the theme parks that the company is so famous for continue to be highly profitable. and before we go let's show you how japan's market is going, hopes, it's not there. there we go! it was about a year and a half ago that it managed to cross over that then it fell underneath it but before that it is to leave 31 years ago and it is to leave 31 years ago and it has been flirting with the highest level in over three decades. strong gdp data from a couple of days ago definitely helped but also inflation figure coming in quite nicely so investors are feeling pretty
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good about it at moment. that's it for this edition of asia business report, thank you for and have a great weekend. it's a mix of theatre, athleticism and high drama. for arthur byrne, wrestling is of passion, but it wasn't always like this. here he is at the age of ten, auditioning for oliver on bbc one. a stage career took him to some big shows. �* , ., ., career took him to some big shows. �*, ., ., ., ,, .., shows. it's hard to appreciate someone _ shows. it's hard to appreciate someone like _ shows. it's hard to appreciate someone like that _ shows. it's hard to appreciate someone like that when - shows. it's hard to appreciate someone like that when you i shows. it's hard to appreciate i someone like that when you are a child because it is such a massive thing to happen, that's when i'd really appreciate it, when i'd really appreciate it, when a tell of the people they did that and they go, what? fist did that and they go, what? at 18 arthur realised that it wasn't for him so he moved hundreds of miles to glasgow to chase his wrestling dreams instead now is a big name in
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the scottish scene he has also competed in 15 countries around the world. despite all this he had never wrestled in front of a home crowd until an invite to appear at a pro wrestling show appear at a pro wrestling show a few minutes from his home. in the first thing he did after winning his match on home turf, giving his mum a big sweaty hug of course. i'm rachael with catch up. tonight, a tiptop ban, rooming with grannies and a warning about a scooters. but first, two teenage cousins who stabbed khayri mclean to death have been given life sentences. he was murdered outside of school and huddersfield last year. jovani harriott and jakele pusey can now be named for the first time after a judge lifted reporting
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restrictions. outside the court, a statement was read on behalf of khayri's mum. i now ask myself, "what has this achieved? "what has my son died for?" nobody has won in this situation. i have lost a child and other parents have lost two children. some other stories now. what would you do without tiktok? well, in america, montana's become the first state to ban tiktok. 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. escooters 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 impressing beyonce. last night, we heard some welsh
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coming up on the programme — celebrations for roma, who reach 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 jose mourinho looks to be doing it again. he's on the brink of another major european trophy, his roma side into the final of the europa league after a goalless draw at bayer leverkusen ensured 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 completion. extra time was needed
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