tv Asia Business Report BBC News June 16, 2023 1:30am-1:45am BST
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the saudi backed liv golf, and the saudi backed liv golf, the merger is now being probed. the merger of the pda with liv left some players angry, fans in disbelief, and has now brought the ire of lawmakers and the us government. the justice department has informed the pga it will now be investigating the deal for anti—trust concerns. the pda's relationship with liv was already being investigated by the department ofjustice last year and it was looking at whether the pga backed tours were engaged in anti—competitive behaviour. all of this comes after two democratic senators were urging the justice department to investigate the deal as it violated anti—trust laws, saying it would have adverse impact on competition. the lawmakers also said that the merger would help saudi arabia sports wash it's a egregious human rights record to. the liv
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was created in 2021 and backed by the saudi sovereign wealth fund. since then the two parties were better rivals, each engaged in lawsuits against one another. the mega deal essentially created a whole new golf association led by the saudi �*s. meanwhile a us judge has granted a request from prosecutors to try some of their charges against crypto currency exchange sandbank men freed and a second trial next year. to 31—year—old is still expected to stand trial this october overcharges stemming 0ctober overcharges stemming from the collapse of the now bankrupt firm. he has pleaded not guilty to the charges. the us government has been hit by a global hacking campaign, but the cyber watchdog agency said it is not expected to have much of an impact. severalfederal bodies have been affected following a vulnerability in a file transfer software. the
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represented a kind of slowdown in manufacturing that we have not seen in the rest of the world, and to a large extent what we do have on hand at this point in time is a manufacturing weakness due to demand and to a large extent the businesses are also external, looking at regions including the us and europe this is underpinning what we are seeing at this point in time, i think what we have actually is a bit of uneven recovery still for china, and a lot of what we are seeing with services in particular, that kind of demand is pulling away from manufacturing goods, produces, so that kind of divergence continues to be the case. , a , divergence continues to be the case. , , ., case. june marks pride month, and this morning _ case. june marks pride month, and this morning we're - case. june marks pride month, and this morning we're looking at how businesses have incorporated lgbt cue recognition in their marketing campaigns. while it has been a lucrative move for some companies, others have seen their sales plummet after boycotts from conservative consumers. ispoke
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boycotts from conservative consumers. i spoke to a member from the university of pittsburgh and she explained what companies can consider when it comes to their support. the considerations that brands often go for it through often start with their purpose, they identify causes that seem to align well with their purpose, and also causes that play well with the target audience, and often brands like to be seen as supportive of causes that their customers care about, so that is one big primary consideration in choosing to support efforts, whether it is lgbt cue rights, gender equity, and so on and so forth. bud liuht and so on and so forth. bud light recently _ and so on and so forth. bud light recently came - and so on and so forth. bud light recently came out with its quarterly results saying they had plummeted, and this is around the same time that it partnered with a trans— influencer, but was that campaign, was that a success? bud light is an interesting case study. 0n the one hand
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they seem to want to appeal to a particular target audience which is younger consumers and that was the strategic rationale for why they went forward with this campaign, but one of the missteps that they made in their campaign is that as soon as they saw that there was a backlash to a significant portion of their current customer franchise they immediately pulled back and some other efforts in this comes across as sort of inauthentic and somewhat contradictory, and when that happens, customers on both sides get upset and that's kind of what bud light faced in this situation because they neither one with a current customers, nor did they attract new customers who noticed that as soon as there was trouble, the brand kind of withdrew some of its applets. brand kind of withdrew some of its applets-_ its applets. pride month is usually seen _ its applets. pride month is usually seen as _ its applets. pride month is usually seen as a - its applets. pride month is usually seen as a safe - its applets. pride month is i usually seen as a safe space for brands to show their
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support but does this hold true as the risks increase? this support but does this hold true as the risks increase?- as the risks increase? this is an important _ as the risks increase? this is an important question. - as the risks increase? this is an important question. on i as the risks increase? this is l an important question. on one hand brands have to stay true to their purpose, and if a particular cause aligns well with their purpose and they are willing to stand their ground, evenif willing to stand their ground, even if there is a boycott that i think it should proceed in fact reassure the customers that they are not going to let some social media fuhrer make them pull back on some of their efforts and that's critically important and customers want that assurance especially during a crisis.— that assurance especially during a crisis. you might be familiar with _ during a crisis. you might be familiar with the _ during a crisis. you might be familiar with the company i familiar with the company foxcon, who make about 60% of apple's product. the firm is now looking for the next big thing, however it is becoming increasingly caught between geopolitical tension. my colleague got exclusive access to the chairman. the changing of the guard at taiwan's national revolutionary strain,
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this is an island always on edge, a self ruled territory with democratic elections, but china sees it as a rebel region that must be reunited with the mainland by force, if necessary. that has led to companies like foxcon headquartered in taiwan having to re—evaluate their options. your operations are headquartered here, you are a vital part of the taiwanese economy. what is the business contingency plan here? diversification is one way, as a business, as a ceo i had to think about what if the worst case happened? we are doing something, some bcp planning. hopefully it will not happen, but we have to be prepared. foxcon's success has been leveraging the relationship between us and china over the last few decades, manufacturing and the east for customers in
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the west. by its own admission, foxcon likes to keep a low profile, but even if you have not heard of the company itself, you probably would have seen one of these, the iphone. each iphone contains hundreds of components and foxcon makes around 5260% of them, from things like the camera module, the connectors in the device and even the back of the phone. but smartphone sales are plateauing, and foxcon needs to find the next big thing, the next iphone, so to speak, to drive growth forward. enter electric vehicles. iii drive growth forward. enter electric vehicles.— electric vehicles. if we look at the component - electric vehicles. if we look at the component count, i electric vehicles. if we look. at the component count, the typical ev has about 10,000 parts, compared to six on a roughly 20 times more components.—
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roughly 20 times more comonents. ., �*, ., . components. foxcon's balancing act between _ components. foxcon's balancing act between east _ components. foxcon's balancing act between east and _ components. foxcon's balancing act between east and the - components. foxcon's balancing act between east and the west | act between east and the west plays out every morning. the ancient art of tai chi helps maintain flexibility and balance, headquartered in taiwan, and caught between the us and china, foxcon has had to learn to be fluid and nimble to survive. you can catch that full interview on the bbc this weekend. finally, shares of space tourism firm virgin the lack michael to go on a tower, after the company said it had its long—awaited space commercial flight service later this month. is planned between the 22 the 30th ofjune. is unknown how much tickets will cost but this is a long—awaited milestone for the company, after it was founded in 200a. before we go, a quick look at the decay, because it is down
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after having a red—hot season — nikkei. the bank ofjapan is expected to announce what they plan to do with interest rates. that's all we have for you. bye for now. it was the tuesday after the king's combination and caroline said it was the heaviest rain she had ever witnessed. it soon started to pour into her home, flooding the downstairs. for repairs to take place, they are having to move out for at least six months. we having to move out for at least six months-_ having to move out for at least six months-— six months. we have had our moments _ six months. we have had our moments of _ six months. we have had our moments of being _ six months. we have had our moments of being very - six months. we have had our - moments of being very emotional and upset. moments of being very emotional and uset. , ,.,, ., ., and upset. opposite caroline, alice rnns _ and upset. opposite caroline, alice runs her _ and upset. opposite caroline, alice runs her own _ and upset. opposite caroline, alice runs her own catering i alice runs her own catering company. her kitchen was completely flooded, and the cost to her business has been severe. ~ . ., ., . ., severe. we chose not to claim on insurance _ severe. we chose not to claim on insurance and _ severe. we chose not to claim on insurance and cover- severe. we chose not to claim on insurance and cover the - severe. we chose not to claim | on insurance and cover the cost ourselves because we are more scared, we will be renewal, and if we do, how much will a
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premium go up with rising costs all the time, you just can't afford to keep paying out premium. afford to keep paying out premium-— afford to keep paying out remium. , . . , premium. there is criticism the rumours are — premium. there is criticism the rumours are not _ premium. there is criticism the rumours are not clear, - premium. there is criticism the rumours are not clear, but - premium. there is criticism the rumours are not clear, but the | rumours are not clear, but the environment agency says the amount of water that day overwhelming.— amount of water that day overwhelming. amount of water that day overwhelmin. ., , ., overwhelming. there was a huge amount of— overwhelming. there was a huge amount of water _ overwhelming. there was a huge amount of water in _ overwhelming. there was a huge amount of water in a _ overwhelming. there was a huge amount of water in a short - amount of water in a short space of time, and the truth is that the channel size was overwhelmed.— that the channel size was overwhelmed. . u, ., overwhelmed. the water came and went in a matter _ overwhelmed. the water came and went in a matter of _ overwhelmed. the water came and went in a matter of hours. - overwhelmed. the water came and went in a matter of hours. the - went in a matter of hours. the cleanup and the recovery will take a lot longer. for more stories across the bk —— the uk, had to the bbc news website. i'm rachel with the catch up. delayed union results, a fever announcement, and a kangaroo fight. —— fifia announcement.
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the latest on borisjohnson and lockdown parties in downing street. when we first heard about them, boris johnson, prime about them, borisjohnson, prime minister at the time said no rules were broken.- no rules were broken. never happened — no rules were broken. never happened in _ no rules were broken. never happened in the _ no rules were broken. never happened in the guidance i no rules were broken. never. happened in the guidance was followed, the rules were followed, the rules were followed at all times. later, it turned _ followed at all times. later, it turned out _ followed at all times. later, it turned out that _ followed at all times. later, it turned out that was - followed at all times. later, it turned out that was not i it turned out that was not true. i it turned out that was not true. ., ~ true. i take full responsibility l true. i take full. responsibility for true. i take full— responsibility for everything that took place on my watch. mps looking into borisjohnson as to whether he was telling the truth have released a report saying he knowingly misled parliament, the first time a prime minister has been charged for something like this. some other stories now. six months since the crash at brixton academy which killed rebecca and camilla and gabby hutchinson. theirfamilies rebecca and camilla and gabby hutchinson. their families are still waiting for answers about what happened and want anyone with more footage to share it with more footage to share it with the police. worried about your final with the police. worried about yourfinal union with the police. worried about your final union results? with the police. worried about yourfinal union results? some your final union results? some students yourfinal union results? some students and hearing they will not hear about their results
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because of a marking boycott. fifia has announced real madrid'sjunior will lead a new madrid's junior will lead a new antiracism madrid'sjunior will lead a new antiracism community —— committee run by players. he was racially abused during a game last month. last up, ten seconds of a very weird to scrap. this woman was not enjoying this kangaroo hopping after her in australia, i am not surprised though, it seems like it was looking for a fight. look at those moves! you are all caught up now, see you!
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hello, i'm gavin ramjaun, from the bbc sport centre. coming up on the programme — coming up on the programme — "the proudest day of my life" — "the proudest day of my life" — jude bellingham says he's jude bellingham says he's thrilled to sign thrilled to sign for real madrid. for real madrid. it's the greatest football club it's the greatest football club in the history of the game, and in the history of the game, and not many players get the not many players get the opportunity to play at such a opportunity to play at such a brilliant club, at such a historic club, so yeah, i feel really grateful. a confident captain, on the eve of the ashes — stokes says he's good to go with the ball against australia, ahead of the series start in birmingham. and into the record books — rickie fowler and xander schauffele claim their bit of us open history, on the opening day.
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