tv Asia Business Report BBC News July 3, 2023 12:30am-12:45am BST
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release its tankan survey later this morning. the reading will tell us how the country's manufacturers are feeling. over in china — another indicator on manufacturing is also due. it covers small— and medium—sized firms, which should give us insight into how china's private sector is doing. on tuesday, australia's central bank meets — investors will be watching to see if authorities will hold steady or hike interest rates because of inflation concerns. earlier, i spoke with peter mcguire of xmdotcom and he said he expected to see some movement from tokyo, on the yen. i think there wouldn't be surprised if they've done it in the last six or seven months as
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far as intervention when it reaches that 145—147 handle. we wouldn't be surprised to see intervention.— wouldn't be surprised to see intervention. ~ , ., ., ~' intervention. where you work in australia. _ intervention. where you work in australia, the _ intervention. where you work in australia, the central _ intervention. where you work in australia, the central bank - intervention. where you work in australia, the central bank is i australia, the central bank is meeting this week as well, it's a tricky balancing act for them isn't it? even with inflation and whether or not to raise interest rates, what are you expecting? interest rates, what are you meeting?— expecting? wearing a 3796 operability _ expecting? wearing a 3796 operability of _ expecting? wearing a 3796 operability of another - expecting? wearing a 3796 i operability of another hiker. analysts have been proven wrong the last two months so we are at that which see a trifecta and they are proven wrong again. so thejury is out again. so thejury is out again. i again. so the “my is out aaain. ., ., ., ., again. i want to ask about china's economy - again. i want to ask about china's economy as - again. i want to ask about china's economy as well. | again. i want to ask about i china's economy as well. we again. i want to ask about - china's economy as well. we are getting weak economic data about the second biggest economy of the world which is a crucial trading partner for australia was somehow concerned are you? we australia was somehow concerned are ou? ~ ., australia was somehow concerned are ou? ., . are you? we are concerned as far as the — are you? we are concerned as far as the house _ are you? we are concerned as far as the house and - are you? we are concerned as far as the house and the - far as the house and the internal demand from china. we have exports going at record levels in the sense of iron ore
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production and strong demand from china in that regard but the overall weakness across the global economy is weakness internalized in china and we have felt that in australia with the weak dollar. i have felt that in australia with the weak dollar. i guess for the us — with the weak dollar. i guess for the us is _ with the weak dollar. i guess for the us is a _ with the weak dollar. i guess for the us is a different - for the us is a different problem, where we are going to getjobs data and the economy has been showing quite a look of resilience despite some predicting a recession might be around the corner. what are you expecting in terms of the jobs data and what impact will that have on rates decision by the fed? ~ ., ., i: i: i: i: i: ., fed? we have a 200,000 toddler employment _ fed? we have a 200,000 toddler employment rate _ fed? we have a 200,000 toddler employment rate this _ fed? we have a 200,000 toddler employment rate this friday - employment rate this friday what i notice or come up with. we have 239,000 building me but all overall strong numbers from the employment sector and as far as rates are concerned you might be surprised it seat the fed chair ratcheted up again and i think where in another
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tightening for us and across the world. tightening for us and across the world-— tightening for us and across the world. ., ,., ., _, ., the world. how soon could that rate site income, _ the world. how soon could that rate site income, could - the world. how soon could that rate site income, could it - the world. how soon could that rate site income, could it be i rate site income, could it be the summer?— rate site income, could it be thesummer? , , , , the summer? don't be surprised, i think the — the summer? don't be surprised, i think the jury — the summer? don't be surprised, i think the jury is _ the summer? don't be surprised, i think the jury is out _ the summer? don't be surprised, i think the jury is out but - i think the jury is out but overall the sentiment is you will sit in the northern hemisphere summerfor will sit in the northern hemisphere summer for the fed and it could even be this month. �* , and it could even be this month-— and it could even be this month. 3 ., ., , month. let's wait and see. that was peter _ month. let's wait and see. that was peter mcguire _ month. let's wait and see. that was peter mcguire speaking i month. let's wait and see. thati was peter mcguire speaking me earlier to stop in other news this morning — one of the uk's largest private largest private pension funds has backed thames water to turn around its finances and performance after fears the firm could collapse. uss — a major investor — is the first to offer its public support as the firm looks to secure extra funding. thames water is struggling with some $17 billion dollars of debt. and if you're in the uk — brace for more rail disruptions for the next six days. this is after an overtime ban by union train drivers. it will affect 15 rail companies and signals the start of yet more disruptions in the long—running dispute over pay. marc ashdown explains.
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this industrial action is short of a full strike day, but means that drivers will refuse to work any overtime from first thing tomorrow until saturday night. so six full days in total. now, that's important because most train companies rely on drivers working that overtime in order to run their full schedules. so this action will affect 15 operators running services across england. let's have a look at some of them. we've got thameslink and southern down here. great northern, of course, elland air and avanti west coast. they run trains all the way from london up into scotland. so what can we expect? well, many have said they will have to run reduced timetables. for example, some may cancel the first and last trains of the day. there could also be some short notice cancellations as well. so as ever, passengers advised check before you travel. now, this dispute, of course, is about pay. aslaug has rejected an offer of a 4% rise back dated last year and a further 4% this year. the operators and the government, of course, wanted the union to agree to changes to working practices
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to modernise the railways. now the good news aslaug doesn't have any full strike days plan at this stage, but the other rail union, the rmt, they're also in dispute over pay jobs and working conditions and they rejected a similar pay offer. and as you can see, they're planning three further 2a hour walk—outs onjuly the 20th, the 22nd and july the 29th. they will involve guards and station staff. so no further negotiations between the companies and either union are planned. i'm afraid there is a summer of rail disruption looking increasingly likely. marc ashdown there. meanwhile, china has called on the netherlands not to hinder bilateral cooperation in the semiconductor industry... and not to abuse export controls. this was after the dutch government announced new restrictions on the exports of some chips equipment — joining the us and japan. the netherlands is home to asml , one of the most important semiconductor companies in the world.
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electric cars have been promoted as one of the solutions to reducing the world's dependence on fossilfuels, and its production has increased around the world. but a report from the university of technology sydney says switching to electric cars could potentially cause more problems for the environment because demand for minerals like lithium would mean digging hundreds of new mines. elsa dominish is an author of that report and shejoins us now. it is an important part of the solution to decarbonization art transport system and they are better alternative than because we have now but they would be important but we know they are increasing demand for lots of minerals. increasing demand for lots of minerals-— minerals. what we call transition _ minerals. what we call transition mirror i minerals. what we call| transition mirror shows minerals. it includes lithium, cobalt, graphite and rare earths. we know there's new mining happening across the globe which is leading to some human rights impacts and environmental harm. aside from
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resmnsible _ environmental harm. aside from responsible mining, _ environmental harm. aside from responsible mining, what - environmental harm. aside from responsible mining, what is i environmental harm. aside from responsible mining, what is a i responsible mining, what is a better solution if not electric vehicles question mark the key thing we can do to the carbonized art transport system as quickly and effectively as possible is to reduce our reliance on cars stop we can do that through improving public transport, making it more convenient and safer, and also by designing our cities to be easier to drive and so we don't need to drive as often. initially there where you are or in america, it will be quite difficult to convince people to not have their own cars was up would not be quite a challenging task? would not be quite a challenauin task? �*, ., challenging task? it's a huge challenge — challenging task? it's a huge challenge but _ challenging task? it's a huge challenge but at _ challenging task? it's a huge challenge but at the - challenging task? it's a huge challenge but at the same i challenging task? it's a huge i challenge but at the same time switching every car on the road to an electric vehicle is a huge challenge that we need to be bumping of investment not to think more ambitiously about how we change our transport system. the book retailer — wh smith is a familiar site at airports or train stations in the uk... but you might start to see them more often in the us!
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the boss of wh smith told our world service marketplace reporter leanna byrne that he's now focused on expansion in america and europe. we opened our first store at euston station in london back at the beginning of the 19th century. so we've had stores in travel for 180 years, and one of the first ever airport stores was heathrow. and we had a store at heathrow airport back 85 years ago. and we've always sold products that people need for their travel journey. increasingly, we've branched out into selling all of the travel essentials that people need for theirjourney. so tech accessories, the products that make your hardware work, and health and beauty, pain relief as well as food to go all of those products. about four years ago, we acquired a business in the us called inmotion,
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which sells tech accessories. and a year after that we are quite another business in the us called mrg and they have a variety of brands. so in america we've got lots and lots of different retail brands and the difference with our american business is we almost do bespoke retailfor airports. so we sit down with an airport and we talk to them about the sort of brands that they want and the sort of product categories that they want. and then we design specific brands for them. so in the us, we've probably got the best part of 30, 35 different fascias of stores in the uk and europe. it's mostly about wh smith and inmotion, albeit we do have a few sort of extra brands and souvenir brands that we put in place.
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we also keep an eye on the japanese yen, that's it for the show thank you for watching. bbc news, bringing your different stories from across the uk. i different stories from across the uk. ., ., the uk. i thought that the time i was dying _ the uk. i thought that the time i was dying because _ the uk. i thought that the time i was dying because i _ the uk. i thought that the time i was dying because i couldn't i i was dying because i couldn't read i had lights in my eyes, i thought i was good to pass out. i pull up to a random doctor and thought i needed some help. angela had no idea he was suffering from anxiety and panic attacks while working hard running his construction company. i hard running his construction company-— company. i had ignored it for so iona company. i had ignored it for so long and _ company. i had ignored it for so long and eight in - company. i had ignored it for so long and eight in order i company. i had ignored it fori so long and eight in order for so long and eight in orderfor about a year, didn't think i needed and help. the about a year, didn't think i needed and help.- about a year, didn't think i needed and help. the gp dealt with the physical _ needed and help. the gp dealt with the physical symptoms i needed and help. the gp dealt| with the physical symptoms but anja was finally able to talk when you met carrie from the charity mind, who is now working with to encourages staff to be more open about their mental health.- staff to be more open about their mental health. this man has worked — their mental health. this man has worked in _ their mental health. this man has worked in the _ their mental health. this man| has worked in the construction industry for decades and this
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is a light culture where men don't feel comfortable talking about their house. we don't feel comfortable talking about their house.— don't feel comfortable talking about their house. we want to build a structure _ about their house. we want to build a structure we _ about their house. we want to build a structure we working it rain _ build a structure we working it rain and — build a structure we working it rain and snow and we tough it out _ rain and snow and we tough it out we — rain and snow and we tough it out. we just suck it up. it is out. we 'ust suck it up. it is a out. we just suck it up. it is a stigma — out. we just suck it up. it is a stigma in _ out. we just suck it up. it is a stigma in the _ out. we just suck it up. it is a stigma in the industry i out. we just suck it up. it 3 a stigma in the industry that admitted mental health problems might affect theirjob. might affect their job. momentum might affect theirjob. momentum is building towards a change in an industry that many feel has been quiet on mental health for too long. for more stories from across the uk it had to the bbc news website.
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alongside industry professionals. alongside industry rofessionals. ~ professionals. when i tell eo - le professionals. when i tell people i'm _ professionals. when i tell people i'm going - professionals. when i tell people i'm going to i professionals. when i tell people i'm going to be i professionals. when i tell| people i'm going to be uk everyone would be like are you going _ everyone would be like are you going to — everyone would be like are you going to london? i said i'm going — going to london? i said i'm going to _ going to london? i said i'm going to manchester. we have incredible orchestras. we have things— incredible orchestras. we have things that the manchester collective as well it's a carry england to victory as he up the that ale as a: ,. ,, carry england to victory as he up the that ale manchester .. things that the manchester collective as well it's a receipt _ collective as well it's a receipt buzzing classical receipt _ collective as well it's a receipt buzzing classical scene _ scene _ receipt buzzing classical receipt buzzing classical scene. . ., , ., scene. . ., , scene. the celebrations, with a celebration _ scene. the celebrations, with a celebration at _ scene. the celebrations, with a celebration at manchester i celebration at manchester festival on the 8th ofjuly. celebration at manchester festival on the 8th ofjuly. for more stories from across the uk, had to the bbc news website. i'm olly foster, here is sportsday. another stunning innings from stokes, but it's not enough to save the second test for england. estrella takes it 20 lead in the ashes. did they win with the spirit of the game? jenny bierce was
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dismissal led to australian players being abuse, three members outdoors have been suspended. five formula win wins in a row as max verstappen stretches his leads in inform them on standings. on the eve of wimbledon, last years runner—up has pulled out with the wrist injury. hello there, welcome along. where do we start with cricket? surely a 2—0 up in the ashes after a highly charged and dramatic finality in the second test. then stokes magnificent sentry was in vain as australia won by 43 runs. at the captain stokes looked like he would carry england to victory as he celebration at manchester festival on the 8th of would stokes looked like he would carry england to victory as he
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