tv Asia Business Report BBC News July 12, 2023 1:30am-1:45am BST
1:30 am
the plus, barbie isjust the beginning— the world's favourite toys are coming to a big screen near you. welcome to asia business report with me, mariko oi. we began with one of the most valuable and most contentious deals. microsoft has been wanting to buy activision, which is the publisher of major titles like call of duty and candy crush. it is worth almost $70 billion and it was approved by regulators in the eu but opposed by those in the uk. a usjudge rejected a request to block it. activision�*s says jumping more than 10%. analyst dan ives says this could be a major breakthrough. i think this is a done deal and ultimately the trophy case in redmond, from microsoft. this was a big hurdle they had to clear. i think next week this
1:31 am
is on the glide path to get done, probably a carveout for the uk and ultimately i think they pop the champagne after this battle that this deal gets done. what is going to happen in the uk? are they going to come up are they going to come up with some kind of compromise to meet the regulator's demand? yeah, we think they carveout, there is a piece on the subscription side they carveout, to ultimately give the uk regulators what they want and i think this is all a game of poker and i think microsoft recognises if they beat ftc and they thought they had a strong case, i think ultimately it is a black eye for lina khan. and it is now on a glide path to finally get done. a significant deal for microsoft. a significant deal to take, especially with the ftc, a significant loss right there. you do not think the ftc will appeal? they can appeal but ultimately i think there is a better chance of me playing the premier league than them
1:32 am
winning. i think this isjust a huge win for microsoft and for big tech. i think next week it ultimately gets close. you never know, you might actually win in the premier league! i want to ask about ftc chair lina khan's vision of anti—trust enforcement. what does this ruling say about her vision and fighting for those views? it is a disaster. it is a disaster. i think this is a black eye lina khan, a black eye for the ftc and i think right now there are more questions than answers. you never felt it had credibility within the industry, within wall street. i think microsoft knew that. they went, it is a flecks to muscles moment for big tech. it could be now more mna on the arise and with the ftc losing this battle. dan ives speaking to me earlier. let's turn to golf and the major marker between the pga tour and the saudi arabia liv golf. us lawmakers have raised concerns about saudi arabia
1:33 am
trying to improve its image through international spot. samira hussain has more from new york. the decision rocked the world of golf. two bitter rivals, saudi backed liv golf and the us pga tourjoining forces. now although there is only an agreement in principle, the details still need to be ironed out, lawmakers on capitol hill have concerns about the merger. saying it is merely a way for saudi arabia to improve its reputation as it faces criticism on its records on human rights, women's rights and the rights of the lbgtq community. a pga board member, jimmy dunn, said the deal was necessary to preserve the game of golf. some players left the _ some players left the pga tour to joint some players left the pga tour tojoint liv, others _ the pga tour tojoint liv, others were under pleasure to do the same. the — pleasure to do the same. the pga _ pleasure to do the same. the pga tour and liv were _ the pga tour and liv were facing each other in litigation. there is division and tension among — there is division and tension among players, you can feel it spreading to fans and sponsors.
1:34 am
my concern was that it all continued, expensive legal fights, every day wondering which player was — day wondering which player was going to leave next. afar1— was going to leave next. a fan base tired of— a fan base tired of hearing about it. sponsors nervous. sponsoi’s i'iei’vous. golf _ sponsors nervous. golf as we know it would _ golf as we know it would be damaged forever. us lawmakers are not the only ones concerned about the merger between these two giants in the golf world. the us justice in the golf world. the usjustice department has already said it will be looking closely at the deal for any anti—trust concerns. now, that could set “p now, 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 that china's economy has caught a cold and its neighbours are sneezing as well. beijing's usual playbook of stimulating consumption is now being felt by its regional trading partners. some, like taiwan, now facing a recession.
1:35 am
stephen cochrane explains. taiwan is one of 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 industry, semiconductor and cheap making industries. demand has softened from china and actually from all over the world, particularly as consumer demand in developed economies and in europe and north america has shifted from goods to services and the chinese manufacturing economy has really slowed down so demand for those tech products is awake and fought ——weak and fortaiwan, products is awake and fought ——weak and for taiwan, i think it will be cyclical. i think we will see some improved demand towards the end of the year, next year, particularly because ai, artificial intelligence is the topic of the day in terms of the economy and the increasing
1:36 am
use of ai is going to create a lot of demand for high—end chips and a lot of them will come from taiwan so there is a cycle going on right now, period of weakness at the moment. it should be better by the end of the year into next year. how concerned should these asian economies are be about china's economic growth because 5% growth target is not bad at all but at the same time we have been getting quite a lot of week data and some expressing concerns that china could actually be in a deflationary falling prices stage. it deflationary falling prices staue. . , ,, stage. it reflects the weakness in the consumer— stage. it reflects the weakness in the consumer and _ stage. it reflects the weakness in the consumer and the - in the consumer and the economy. policy makers in china have expressed an interest in focusing on the consumer economy rather than on a manufacturing or the export based economy. so much of the region depends on trade with china. china is the largest trading partnerfor most
1:37 am
economies in asia and export trade right now is down by anyway from 10%, 15%, sometimes 20% across the region so it really does effect regional economy and adding to the prospects of the next of the year. prospects of the next of the ear. �* . , ., prospects of the next of the ear. �* ., , ., , year. the new barbie movie is caettin year. the new barbie movie is getting its _ year. the new barbie movie is getting its premiere _ year. the new barbie movie is getting its premiere later- getting its premiere later today and for those of you who cannot wait to see, guess what, there are 45 more toy movies in there are 45 more toy movies in the make. it is in the summer of barbie. a chance to relive childhood with one of the most hotly anticipated movies of the season. mi; hotly anticipated movies of the season. ~ , , hotly anticipated movies of the season. 3 , . hotly anticipated movies of the season. g , ., ., season. my eels are on the ground! — season. my eels are on the ground! at _ season. my eels are on the ground! at the _ season. my eels are on the l ground! at the star-studded premier. — ground! at the star-studded premier, there _ ground! at the star-studded premier, there was - ground! at the star-studded premier, there was surprise | premier, there was surprise expressed at the bomb reception. and every barbie
1:38 am
needs a can, this one played by ryan gosling. it needs a can, this one played by ryan gosling-— ryan gosling. it is pretty unique- _ ryan gosling. it is pretty unique. mattel— ryan gosling. it is pretty| unique. mattel reportedly ryan gosling. it is pretty - unique. mattel reportedly has 45 films in — unique. mattel reportedly has 45 films in development - unique. mattel reportedly has| 45 films in development based on its huge catalogue of ties, like hot wheels, barney the dinosaur and poly pockets. increasingly, stooges are looking for existing intellectual property, concepts and characters. —— studios. as incentive and assurance that people come and watch the film. marvel cinematic universe is the most successful movie franchise in the world, followed by star wars, both owned by disney. what marvel has done with superheroes, mattel wants to do with toys. it is an aspirational model and look into it and say, we want to have this franchising potential, they are hoping that can yield many films and tv
1:39 am
shows and all of the rest of it but i do not think you're going to see a crossover between barbie and polly pocket any time soon. barbie and polly pocket any time soon-— time soon. the hype is everywhere _ time soon. the hype is everywhere this - time soon. the hype is i everywhere this summer. time soon. the hype is - everywhere this summer. 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 ties into a company that makes ties into a company that makes ties into a company that manages a film franchise. we have tickets for opening night. so what do fans think? would you see a pot wheels movie? i think? would you see a pot wheels movie?— think? would you see a pot wheels movie? iwould. i have two little _ wheels movie? iwould. i have two little boys _ wheels movie? iwould. i have two little boys that _ wheels movie? iwould. i have two little boys that we - wheels movie? iwould. i have two little boys that we would l two little boys that we would be there at opening night. the track they _ be there at opening night. the track they have _ be there at opening night. the track they have been on, they have — track they have been on, they have definitely a good opportunity to make other successful movies.- opportunity to make other successful movies. what is your advice? keep — successful movies. what is your advice? keep the _ successful movies. what is your advice? keep the quote, - successful movies. what is your advice? keep the quote, keep l advice? keep the quote, keep the heart of it, brought a net but do not lose sight of why this is so successful. but
1:40 am
mattel has _ this is so successful. but mattel has been - this is so successful. but mattel has been here - this is so successful. but mattel has been here before. the 2016 superhero movie bond. the 2016 superhero movie bond. the toymaker is hoping for a happier ending this time around. a quick look at how japan's nikkei has started trading. flight to law. us inflation figures out later today. thank you for watching. —— flat too low. bringing you different stories from across the uk. jamie is showing me a video no parent should ever have to feel. it is of his daughter on an emergency flight from spain
1:41 am
back to birmingham where doctors then diagnosed with a rare form of leukaemia. since lastjuly, it has been held. i don't think there has been a week that has passed we have not been in hospital. i think the most we've done is about three or four days. she the most we've done is about three or four days.— three or four days. she is at stem transponders - three or four days. she is at stem transponders but - three or four days. she is at | stem transponders but none three or four days. she is at - stem transponders but none have awoke. the medical team said they are not prepared to do a third one. they are not prepared to do a third one-— they are not prepared to do a third one. ., ., ,, . third one. -- have worked. we were not— third one. -- have worked. we were not seeing _ third one. -- have worked. we were not seeing counts - third one. -- have worked. we were not seeing counts come l third one. -- have worked. we i were not seeing counts come up, i was getting really worried. i started to think in my mind, maybe that could be it. b, maybe that could be it. a family has been told their best option might be to pay for a highly specialised treatment called carty highly specialised treatment called ca rty cell highly specialised treatment called carty cell therapy in america, as it is not currently available on the nhs but the treatment is expensive and the family is now on a mission to raise £1 million.— raise £1 million. the clock is tickinu , raise £1 million. the clock is ticking, time _ raise £1 million. the clock is ticking, time is _ raise £1 million. the clock is ticking, time is not - raise £1 million. the clock is ticking, time is not on - raise £1 million. the clock is ticking, time is not on our i ticking, time is not on our sides of the sooner we can get
1:42 am
over there, the better. for more stories from across the uk, head to the bbc news website. hello. i'm jack with the catch up. 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. we'll start with those reports of really serious allegations against a male bbc presenter who allegedly paid a young person for explicit photos. 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 into the presenter. ——speaking to the presenter.
1:43 am
the bbc director—general defended that earlier. i think you need to balance the concerns of duty of care, privacy, all those things i have talked about. i do not 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 is evidence of a crime being committed. let's look at the rising cost of getting on the housing ladder, because mortgage rates are at their highest levels for 15 years. the average rate on a two—year fixed deal is now is over 6.5%. we have not 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 ten seconds of conservation. and i want to show you these pictures of this rare sumatran tiger cub born at the west midlands safari park. it has not been named yet but it is the first to be born there in to be born there in the park's 50 year history. the park's 50 year history. the tigers are the tigers are critically endangered with only 400 left in the wild. critically endangered with only 400 left in the wild. a bit of good news. a bit of good news. see you later. see you later.
1:44 am
21 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on