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

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deal was necessary to preserve the game of golf.— deal was necessary to preserve the game of golf. some players have left the — the game of golf. some players have left the pga _ the game of golf. some players have left the pga tour - the game of golf. some players have left the pga tour to - the game of golf. some players have left the pga tour to join i have left the pga tour to join aqua to golf. the pga tour and liv were facing each other in litigation, there is division and tension among players, you could feel it spreading to fans and sponsors. my concern was that if it all continued, expensive legal fights, that if it all continued, expensive legalfights, every
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expensive legal fights, every day expensive legalfights, every day wondering which player was going to leave next, a fan base tired of hearing about it, sponsors nervous, golf as we know it would be damaged forever. l115 know it would be damaged forever. ,, ., .,~ , ., know it would be damaged forever. ,, ., .,~ ., forever. us lawmakers are not the only ones _ forever. us lawmakers are not the only ones concerned - forever. us lawmakers are noti the only ones concerned about the only ones concerned about the merger between these two giants in the golf world. the us justice giants in the golf world. the usjustice department has already said it will be looking closely at the deal for any anti—trust concerns. that could set up a massive regulatory hurdle for a merger that was meant to bring a bitter rivalry to an end in an increasingly divided sport. it appears china's economy has caught a cold and its neighbours are sneezing as well. china's usual playbook of stimulating domestic consumption, it is not being felt by regional trading partners, japan, south korea, and even here in southeast asia and even here in southeast asia and that is affecting the growth outlook for companies doing business with china and
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it is also acting as a drag on growth in regional economies like taiwan as the chief apec economist stephen cochrane explains. economist stephen cochrane exlains. ., ., , economist stephen cochrane exlains. . ., ., explains. taiwan is one of the few economies _ explains. taiwan is one of the few economies within - explains. taiwan is one of the few economies within the - few economies within the asia—pacific region that actually appears to be in recession right now, largely because of its very high concentration or exposure to the tech industries, semiconductor chip making industries. demand has softened from china and actually from all over the world, particularly as consumer demand in developed economies, in europe and north america has shifted from goods to services and the chinese manufacturing economy has really slowed down. so demand for this, tech products is weak, i think will potentially be cyclical, i think we will see some improved mind towards the end of the year and next year because
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artificial intelligence is the topic of the day in terms of the economy, and the increasing use of ai is going to create a lot of demand for high—end chips, a lot of those will come from taiwan, so there is this cycle going on right now, a period of weakness at the moment, should be better by the end of the year into next year. lets now briefly turn to the world of ai because a new study says more than a quarter of jobs in developed economies could easily be replaced by artificial intelligence. it is according to the organisation for economic operation and develop meant. it is a 38 member group of mostly wealthy nations and it says there is little evidence of this impact so far but that is because the ai revolution is still in its very early stages. in its 2023 employment outlook the oecd also noted that three out of five workers via that they could lose theirjobs to ai over the next decade. the new
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barbie movie is getting its european premiere later today. for those of you who can't wait to see it, guess what? there are 45 more toy movies in the works. �* , ., ., works. it's the realworld! it's the summer _ works. it's the realworld! it's the summer of - works. it's the realworld!| it's the summer of barbie. works. it's the realworld! - it's the summer of barbie. why are these _ it's the summer of barbie. why are these men _ it's the summer of barbie. will are these men looking at me. they are also looking at me. one — they are also looking at me. one of— they are also looking at me. one of the most hotly anticipated movies of the season. �* , , anticipated movies of the season. �* y , ., season. and my heels are... on the ground- _ season. and my heels are... on the ground. at _ season. and my heels are... on the ground. at the _ season. and my heels are... oni the ground. at the star-studded la premiere. — the ground. at the star-studded la premiere, actor _ the ground. at the star-studded la premiere, actor and - the ground. at the star-studdedi la premiere, actor and producer margot robbie channelled her in a barbie, expressing surprise that the warm reception. i’m that the warm reception. i'm even shocked. _ that the warm reception. i'm even shocked. very - that the warm reception. i“n even shocked. very shocked. that the warm reception. i'm - even shocked. very shocked. and even shocked. very shocked. and every barbie _ even shocked. very shocked. and every barbie needs i can stop this one played by ryan gosling. i this one played by ryan gosling-— this one played by ryan goslinu. ., ., , gosling. i look around, this is, it is gosling. i look around, this is. it is pretty _ gosling. i look around, this is, it is pretty unique. - gosling. i look around, this is, it is pretty unique. notl gosling. i look around, this| is, it is pretty unique. not if mattel's _ is, it is pretty unique. not if mattel's is _ is, it is pretty unique. not if mattel's is this _ is, it is pretty unique. not if mattel's is this plan - is, it is pretty unique. not if. mattel's is this plan succeeds because it reportedly has 45 films in development based on
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its huge catalogue of toys like hot wheels, barney the dinosaur and polly pocket, each with some big names attached to direct. . ., , , some big names attached to direct. . , , direct. increasingly studios and streamers _ direct. increasingly studios and streamers are - direct. increasingly studios and streamers are looking | direct. increasingly studios i and streamers are looking for existing intellectual property, concepts and carrot is that audiences are already familiar with as a kind of incentive or an assurance that they will actually show up to watch the thing when it comes out. marble's cinematic universe is the most accessible franchise in the world, followed by star wars, both owned by disney. what marvel has done for superheroes, mattel wants to do for toys but can it pull it off? ., , for toys but can it pull it off? . , . ., , for toys but can it pull it off? . _ ., off? that is certainly an aspirational _ off? that is certainly an aspirational model - off? that is certainly an aspirational model for l off? that is certainly an - aspirational model for them, i think they are looking to that and saying we want to have this franchising potential, ithink something like he—man, that could yield many films and tv shows and all the rest of it but i don't think you are going to see a crossover between barbie and polly pocket anytime soon. a , �* ,
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barbie and polly pocket anytime soon. , k, ,, barbie and polly pocket anytime soon. ,, ,~' soon. barbie's bubblegum pink as everywhere _ soon. barbie's bubblegum pink as everywhere this _ soon. barbie's bubblegum pink as everywhere this summer. i soon. barbie's bubblegum pink. as everywhere this summer. here in manhattan anyone can take their turn in barbie land thanks to this pop—up barbie cafe. it is all part of mattel's strategy to turn a company that makes toys into a company that makes toys into a company that makes toys into a company that manages film franchises.— company that manages film franchises. ~ . , ., franchises. we have tickets for o enin: franchises. we have tickets for opening night- _ franchises. we have tickets for opening night. so _ franchises. we have tickets for opening night. so what - franchises. we have tickets for opening night. so what do - franchises. we have tickets for i opening night. so what do these barbie suaer _ opening night. so what do these barbie super fans think - opening night. so what do these barbie super fans think of - barbie super fans think of mattel's hollywood dreams? would you see a hot wheels movie? i would you see a hot wheels movie? ., ., ., movie? iwould. i have two little boys _ movie? iwould. i have two little boys so _ movie? iwould. i have two little boys so we _ movie? iwould. i have two little boys so we would - movie? iwould. i have two little boys so we would be l little boys so we would be right there at opening night. i right there at opening night. i think if theyjust keep on with the way— think if theyjust keep on with the way they have been going, the way they have been going, the track— the way they have been going, the track they have been on, i think— the track they have been on, i think they— the track they have been on, i think they have definitely a good — think they have definitely a good opportunity to make other successful movies.— good opportunity to make other successful movies. what is your advice mattel? _ successful movies. what is your advice mattel? keep _ successful movies. what is your advice mattel? keep the - successful movies. what is your advice mattel? keep the quirk, | advice mattel? keep the quirk, kee the advice mattel? keep the quirk, keep the heart _ advice mattel? keep the quirk, keep the heart of _ advice mattel? keep the quirk, keep the heart of it, _ advice mattel? keep the quirk, keep the heart of it, then - advice mattel? keep the quirk, keep the heart of it, then you i keep the heart of it, then you can broaden it but don't lose sight of why this is so successful.— sight of why this is so successful. , ., , ., successful. did you do this to me? no max. _ successful. did you do this to me? no max, your— successful. did you do this to me? no max, your father - successful. did you do this to l me? no max, your father gave ou me? no max, your father gave you these _ me? no max, your father gave you these powers. _ me? no max, your father gave you these powers. so - me? no max, your father gave you these powers. so mattel. me? no max, your father gave l you these powers. so mattel has been here _ you these powers. so mattel has been here before. _ you these powers. so mattel has been here before. does-
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the toymaker is making a happier ending this go around. michelle fleury, bbc news. before we go, people take a look at the markets, because ambassadors are waiting for that crucial inflation out of the united states later today because that will give us a hint as to what the federal reserve might do next. of course, they cause —— positive hike rates last month but a lot more expectation to come. that's it for this edition of the programme. i will be back at the top of the hour. for now, thank you so much for watching. bbc news bringing the different stories across the uk. n bbc news bringing the different stories across the uk. i am stories across the uk. i am caettin stories across the uk. i am getting married. _ stories across the uk. i am getting married. i- stories across the uk. i am - getting married. i immediately wanted to skydive. i served in afghanistan. unfortunately, he lost my left leg. i've been training for this 18 months.
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most of that has been accuracy landings. this guy is a big place. there is a lot of room for error in the sky. what is crucially important is that you get the landings correct, that everybody is safe. everybody is following each other as they should. bill following each other as they should. �* ., . should. all of them, including chris, should. all of them, including chris. have — should. all of them, including chris, have landed _ should. all of them, including chris, have landed safely. - should. all of them, including chris, have landed safely. i. chris, have landed safely. i have just sky dived into my cat wedding and a bit of a sunday morning. wedding and a bit of a sunday morninu. , ., , , wedding and a bit of a sunday morninu. , .,, , ., ., morning. they hope they have a new world record _ morning. they hope they have a new world record for _ morning. they hope they have a new world record for the - new world record for the largest wedding party made up of grooming groomsmen to skydive into a wedding venue. after that, skydive into a wedding venue. afterthat, it skydive into a wedding venue. after that, it is time to get married. after that, it is time to get married-— after that, it is time to get married. .,, , , , married. the most stressful art of married. the most stressful part of the _ married. the most stressful part of the day _ married. the most stressful part of the day so _ married. the most stressful part of the day so far. - married. the most stressful part of the day so far. i'm . part of the day so far. i'm calm cool and collected. jumping out of the plane is infinitely more stressful than this. i've been waiting for this. i've been waiting for this for a long time. what do you think? — this for a long time. what do you think? he's _ this for a long time. what do you think? he's allowed - this for a long time. what do you think? he's allowed to i this for a long time. what do i you think? he's allowed to have a little fancy _ you think? he's allowed to have a little fancy thing _ you think? he's allowed to have a little fancy thing in _ you think? he's allowed to have a little fancy thing in the - a little fancy thing in the day _ a little fancy thing in the day i_
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a little fancy thing in the day. i get the big fancy dress and he — day. i get the big fancy dress and he gets a fancy skydive, i love _ and he gets a fancy skydive, i love it — and he gets a fancy skydive, i love it i_ and he gets a fancy skydive, i love it. i use to skydive. i'm happy— love it. i use to skydive. i'm happy that— love it. i use to skydive. i'm happy that he is happy doing it. happy that he is happy doing it as — happy that he is happy doing it. as long as they are safe, they— it. as long as they are safe, they can _ it. as long as they are safe, they can do it whenever. hello. i'm jack with the catchup. tonight, the latest on allegations against a male bbc presenter, the highest mortgage rates in a long time, and we will have a bit of good news, too. but we'll start with those reports of really serious allegations against a male bbc presenter who allegedly paid a young person for explicit photos. well, now bbc news has spoken to another person in their early 20s who says they felt threatened by the same presenter after they were contacted by them anonymously on a dating app in regards to the first allegation. earlier today, the bbc published a timeline of actions which shows a seven week gap between the original complaint from the young person's parents to the bbc and managers speaking to the presenter. the bbc�*s director general defended that earlier.
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i think you need to balance the concerns of duty of care, privacy, all those things i've talked about. i don't think you take that complaint direct to a presenter. well, the police have asked the bbc to pause its investigation while it establishes whether there's evidence of a crime being committed. let's look at the rising costs of getting on the housing ladder, because mortgage rates are at their highest level for 15 years. the average rate on a two year fixed deal is now over 6.5% percent. we haven't seen them that high since the huge financial crisis in 2008. loads more on that and the rest of today's stories on the bbc news app, just search, bbc news. time now to leave you with 10 seconds of conservation. and i want to show you these pictures of this rare sumatran tiger cub born at the west midlands safari park. safari park. it's not been named yet, it's not been named yet, but it's the first to be but it's the first to be born there in the park's born there in the park's 50 year history. 50 year history. the tigers are critically the tigers are critically endangered with only endangered with only 400 left in the wild. 400 left in the wild. a bit of good news. a bit of good news.
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see it later. see it later. hello and welcome to sportsday — i'mjane dougall. wimbledon wild card elina svitolina shocks the world number one iga swiatekjust nine months after giving birth.
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