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tv   Asia Business Report  BBC News  May 24, 2023 12:30am-12:45am BST

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a multibillion—dollar deal with manufacturer broad calm to use chips made in the united states a warm welcome for the indian prime minister as he kicks off his australia tour. at stake? politics and trade. hello and welcome to asia business report. ourtop welcome to asia business report. our top story this morning, tech giant apple has a multibillion—dollar deal with manufacturer broad calm to use chips made in the united states with them that's part of the apples commitment to invest for
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hundred and $30 billion into the american economy. it also comes at a time when washington is trying to reduce its reliance on foreign trade or chips for the my colleague explained. chips for the my colleague explained-_ chips for the my colleague exlained. ,. ,, a, explained. the 56 chips apple is bu in: explained. the 56 chips apple is buying from _ explained. the 56 chips apple is buying from broad - explained. the 56 chips apple is buying from broad calm - explained. the 56 chips apple is buying from broad calm will be designed and built in the us. it's the latest business deal between the two companies. in 2020 broad calm said it would sell $50 billion worth of wireless components to apple. the deal fits their brief apple set up for it self to invest more in the us economy. it also goes hand—in—hand with the push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage and it showed just how reliant us companies have become on chips made overseas. specifically in china and taiwan, which many us officials see as eight national
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security concern. since then the us has been prioritising domestic production of semiconductors as it tries to ween perms on foreign chip—makers with that last summerjoe biden signed the chips act that drew aliens of dollars in subsidies and tax credits to help the domestic chip—making business. credits to help the domestic chip-making business. staying with the topic _ chip-making business. staying with the topic of _ chip-making business. staying with the topic of chips. - chip-making business. staying with the topic of chips. the - chip-making business. staying with the topic of chips. the us j with the topic of chips. the us senate its top democrat said he and presidentjoe biden administration were engaging allies and businesses to address china's ban on sales of memory chips by the american manufacturer micron. the moved by china cyber regulator came after beijing accused the firm of failing a security review. earlier i spoke with constellation research. he explained the impact this would have on micron.— have on micron. micron doesn't have on micron. micron doesn't have that _ have on micron. micron doesn't have that much _ have on micron. micron doesn't have that much of _ have on micron. micron doesn't have that much of a _ have on micron. micron doesn't have that much of a share - have that much of a share inside china but that my main force is where in a tit—for—tat
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war basically the cyberspace administration in china is saying we've seen some cure rarity rest but we can explore what they are. we're about to get on the us side when a leading maker of chips in china, which will be the biggest beneficiary if micron pulls out a child is not allowed to be used, what we're seeing mike gallagher come in and saying we should actually be restricting them as well. now we've got tit—for—tat on—chip so that we're trying to de—escalate. the idea is that we're driving down tension so we're driving down tension so we don't continue with the chipboard and hopefully will make progress. right now this is a sideshow in the middle of these negotiations.— these negotiations. indian prime minister _ these negotiations. indian prime minister is - these negotiations. indian prime minister is in - these negotiations. indian i prime minister is in australia for a two day visit boosting economic ties with that last year two way trade was valued at abruptly $3i year two way trade was valued at abruptly $31 billion. that's only expected to grow after a free—trade deal came into effect last year. bill mercer
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looks at what both sides have to gain from this visit.- to gain from this visit. india is australia's _ to gain from this visit. india is australia's sixth - to gain from this visit. india is australia's sixth largest l is australia's sixth largest trading partner. last year that you way trade in goods and services was worth about 30 billion us dollars. australia once more. it easy immense economic opportunities with the worlds biggest democracy. last year officials from both countries signed in interim trade agreement and second stage negotiations are well under way. australia is approaching a migration milestone of a million people of indian origin. there has been a surge in skill workers in international students coming from india to australia. this is a country that sees great economic opportunity in those personal connections, those personal connections, those personal connections, those personaljourneys. 0ther those personaljourneys. other people coming from india to australia. a great deal for
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modi and his australian counterpart anthony albanese to discuss, they will focus on security, renewable energy and trade. australia is always a country with an eye on economic diversification. at the moment australia's global trade is dominated by china. china is by far australia's biggest trading partner but australia is hoping that in the years to come india in trade with india will continue to grow. there are three key — continue to grow. there are three key focus _ continue to grow. there are three key focus areas - three key focus areas technology, clean energy and scaling — technology, clean energy and scaling and there is sector. india — scaling and there is sector. india has_ scaling and there is sector. india has been pitching itself to be — india has been pitching itself to be a — india has been pitching itself to be a reliable investment destination and is looking to build — destination and is looking to build on _ destination and is looking to build on the existing trade partnership with australia worth_ partnership with australia worth over $45 billion. prime minister— worth over $45 billion. prime minister modi has been reading senior— minister modi has been reading senior members in australia including _ senior members in australia including reinhardt who is the chief— including reinhardt who is the chief of— including reinhardt who is the chief of prospecting, with her he discussed technology
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cooperation in the field of mining _ cooperation in the field of mining as well as minerals. he also _ mining as well as minerals. he also had — mining as well as minerals. he also had similar conversations with— also had similar conversations with the — also had similar conversations with the ceo and had an important conversation with andrew_ important conversation with andrew forrest is now his companies can indian companies take bigger steps in green hydrogen. india has been looking _ hydrogen. india has been looking to diversify its footprint in renewable energy and try— footprint in renewable energy and try to meet it's not their ambitions, especially because indie — ambitions, especially because india is— ambitions, especially because india is the third—largest carbon— india is the third—largest carbon emitter in the world. over— carbon emitter in the world. over the _ carbon emitter in the world. over the last 20 years investments from australia have totalled — investments from australia have totalled over $1 billion. and australia has an free—trade agreement which came into effect — agreement which came into effect on the 29th of december last year— effect on the 29th of december last year and they are looking to have — last year and they are looking to have more conversations to increase — to have more conversations to increase the scope of that and convert — increase the scope of that and convert that into a larger comprehensive economic cooperation agreement. elsewhere in asia we have seen multiple reports that only bothers cloud unit has started a round of downsizing that will impact about 7% of its staff.
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the move comes as the company prepares for an ipo. as part of the earlier announcement to restructure into six units after a two—year crackdown on china's tech sector. burgeon orbit is officially no more. the rocket company has sold its facility and its equipment to a slew of aerospace company for some $36 million the firm was founded by sir richard branson to send small satellites into space file for bankruptcy last month. it'd been struggling to secure long—term funding after a failed launch earlier this year. barcelona is one of the most populous cities in the world. but for many of its residents tourism has become a major challenge the city is due to hold a local election this weekend. its status as a tourism magnet is one of the top issues driving voters to the polls. another day on
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another cruise liner docks in barcelona harbour. around 400 , 000 barcelona harbour. around 400,000 cruise passengers disembark here each month. the city, a modernist architecture and with lionel messi is football feeds is also a major tourist hub. visitor numbers have returned to close to pre—pandemic levels. 10 million people visited barcelona in 2022. but many locals don't like the impact tourism is having. noise, crowded streets, unaffordable housing are just some of the problems it causes. translation: torres and occupying public space and that pushes us residents elsewhere. there are so many tours that residents don't spend time here in the centre of town. it really makes you sad. the local
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authorities _ really makes you sad. the local authorities are _ really makes you sad. the local authorities are not _ really makes you sad. the local authorities are not happy - really makes you sad. the local authorities are not happy aboutj authorities are not happy about the situation either. the left—wing local government, which is been in power since 2015 has taken a number of measures to try and curb the growth of tourism. including closing down around 6000 illegal torres apartments. as she runs for reelection in a tightly raised the mayor is going further proposing a series of tougher measures that include opposing the mooted expansion of barcelona airport. translation: we have a plan against — translation: we have a plan against mass tourism that includes not expanding barcelona airport because we can't — barcelona airport because we can't have 20 million more torres _ can't have 20 million more torres. not allowing more cruise _ torres. not allowing more cruise ship terminals to be used — cruise ship terminals to be used in _ cruise ship terminals to be used in reducing the number of cruise — used in reducing the number of cruise passengers who arrive here — cruise passengers who arrive here by— cruise passengers who arrive here by half. we want to limit further— here by half. we want to limit further the number of torres apartments and shops in the city~ — apartments and shops in the ci . , .,
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apartments and shops in the city. opposition parties have preposed — city. opposition parties have proposed less _ city. opposition parties have proposed less strident - city. opposition parties have - proposed less strident measures to manage the issue. but money in the sector are worried about the backlash against tourism because of its importance for the local economy. translation: tourism represents _ the local economy. translation: tourism represents around - the local economy. translation: tourism represents around 4096 i tourism represents around 40% of the cities gpdjuliet gdp. we're obviously a very important industry the auto sector is one point billion in barcelona alone.— sector is one point billion in barcelona alone. the future of tourism in _ barcelona alone. the future of tourism in barcelona - barcelona alone. the future of tourism in barcelona will - tourism in barcelona will depend to a great extent on the result of this election. but whatever happens it is certain to remain a contentious issue for the cities politicians and its residents. and finally, a buyer has paid over $6 million for a wristwatch what's owned by the last emperor of china. at auction in hong kong the timepiece is one of only three thatis
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timepiece is one of only three that is known to exist. that is it for our addition of asia business report. bye for now. it may seem strange that london's violence reduction unit would come to a primary school like this one in croydon. but the idea is, is that children who need support should be given that from the earliest possible point. and this school, norbury manor, already benefits from funding for schemes that teach about healthy relationships and teamwork. but £4 million is to be made available from next september to primary schools, specifically for speech and language skills. what we know is that sadly, one in two prisoners have been excluded from school. and what we further know, if you've got special educational needs, then you're four times as likely to get excluded that we really need
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to be investing in programmes like tender and nurture, give additional support absolutely to young people who need it, but also gives a space for teachers. and in that way we hope to be investing in inclusion, but making sure that we're reducing exclusions. the funding is going to schools in seven boroughs with higher levels of children being absent from school or being suspended, or with higher levels of domestic violence like here in croydon. and the hope is that the earlier that support comes, the better chance of setting those children on a positive path. hey. i'm with the catch—up tonight. illegal vapes. a whatsapp upgrade. and a very, very cute doggie reunion. we now know the names of the teenage boys killed in monday's crash in cardiff.
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this is a picture from when they were younger. 16—year—old kyree sullivan and 15 year old harvey evans died shortly before these riots broke out. the bbc�*s verified this footage that appears to show a police van following two teenagers shortly before the crash. police have started digging near a reservoir in portugal as the madeleine mccann investigation continues. the operations being led by german police looking for evidence to link her disappearance to suspect christian bruckner. some other stories for you now. we probably all know someone who vapes, but do you know what could actually be in some of them? the bbc has found some vapes confiscated from school. confiscated from school kids have high levels of lead, nickel and chromium. kids using them could be inhaling more than twice the daily safe amount of lead and nine times the safe amount of nickel. manchester uni is taking disciplinary action, which means students could face suspension against 11 students
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who occupied halls there this year during a rent strike over the cost of living. now we've probably all sent a whatsapp we regret. i know, i definitely have. well, soon you'll be able to edit messages, but only for 15 minutes after you've sent them. time now to leave you with 10 seconds of lovely wholesomeness. this is the moment a pet dog dug it's way out, get swept out from underground. after being trapped in aberdeen for 60 hours, bear was found after its owner was led to the hall by another dog. you're all caught up now. have a good night.
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hello from the bbc sport centre. coming up on this programme... pep calls for quick verdicts on the premier league charges against manchester city but promises to stay regardless of the outcome. valencia are hit with a five—match partial stand closure after the racist abuse suffered by real�*s viniciuer in their la liga clash. geraint grinding through the gears at the giro — thomas regains the overall lead in a thrilling 16th stage in italy.

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