tv Asia Business Report BBC News July 18, 2023 1:30am-1:45am BST
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a cause for concern. another worry for market watchers, the direction of us interest rates and the fed meeting that takes place next week comes amid an earning season showing strong results for corporate america. earlier i spoke to portfolio managerjun bei liu, who told us that she is expecting china's government to step up support for the economy. to be quite frank over the next six months we should see increased stimulus out of the chinese government because china have set a growth target and they will try very hard to get there. clearly the last quarter result was very disappointing and it caused a minor shrink in what was achieved in what was achieved in the first quarter, we do think the government has stepped up in the last month or so its support for the cyclical sector such as housing. now, we're seeing slight improvements now in the last month of thejune quarter and we do hope that gets
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translated into the following six months and the financial market participants are very much looking forward to the increase or step up in the stimulus. increase or step up in the stimulu— increase or step up in the stimulus. ,, ., , ., stimulus. us banks are showing much positive _ stimulus. us banks are showing much positive sign _ stimulus. us banks are showing much positive sign in _ stimulus. us banks are showing much positive sign in the - stimulus. us banks are showing much positive sign in the us - much positive sign in the us and that maybe the world's biggest economy isn't going to hit a recession. but is that true? are those worries starting to fade? it is, however, this is on the other side of the coin where, at the moment good news for the us perhaps is not so good because it would mean that the corporate earnings is very resilient, the economy is very resilient, the economy is very resilient, maybe there need to be more interest rate increases so it does cast a little bit of doubt of whether the fed is actually on pause because inflation was shown pretty the strong likelihood of a pause, but now with the strong earnings, perhaps it is not. one company that has been at the centre of chinese's economic problems is evergrande. the world's most indebted property developer has finally released financial results. the company posted a combined loss of more than $80 billion in 2021 and 2022.
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it also saw a rise in total liabilities with one of the largest debt piles in china, evergrande prolems has rippled through the country's property sector. you have heard the record high temperatures that have been recorded in china and elsewhere. the united states climate envoy, john kerry, is visiting beijing to press for more progress on tackling climate change. beijing and washington have great commercial hopes spent on the transition to renewables in the next few decades. but even though they are competing to supply the new technology, that will make the transition possible, they also agree on new causes of global warming. earlier i spoke to climate change and environmental economics expert, frankjotzo, and he told me both sides seek technology as a key to tackling climate change. how to achieve continued economic growth and improve living conditions of cost and
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developed and industrialised countries while reducing greenhouse gas emissions and technology is really the key aspect of that and both the key aspect of that and both the us and china are technology leaders. so they both see economic opportunity. the two countries of the biggest investors in renewable energy, they making an adept in bringing down emission levels? yes, look, with the continued declines in greenhouse gas emissions so china's greenhouse gas emissions grew a tremendous rate than flatlined and since then have been under slight upward trajectory again in that contrast with china's pledge to peak its emissions by 2030. so no more increases sometimes before 2030 and of course the expectation is that china will act on that and the hope is that china can bring that peaking of its emissions forward in time and then can engineer a rapid decline of its emissions thereafter. china is by far the largest greenhouse gas emitter in the world and world's action on climate cannot be effective
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without effective action and leadership by both china and leadership by both china and the united states. could we expect any progress out of the could we expect any progress out of the talks? could we expect any progress out of the talks? absolutely there are precedents in 2018, and the us paved the way to the paris agreement. you need the two biggest economies in the world to agree on the way forward in order to everyone else to leverage off that. there is an opportunity. methane emissions will be the centrepiece of these talks. there is absolutely opportunities and the two largest methane emission countries in the world to make promises. a majorfactor in shoring global bonding. fine shoring global bonding. one area where _ shoring global bonding. one area where the _ shoring global bonding. one area where the us _ shoring global bonding. one area where the us and china cannot see are too i, is a semiconductor chips. the biden administration is being urged
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to hold back on a more restrictions. for more, michelle flurry. us china chip war is escalating with businesses caught in the crossfire. now, a major american lobby group is speaking out. the us based semiconductor industry association is pressing biden�*s administration to refrain from further restrictions in the chip sales to china. the message delivered as chief executives from the biggest us semiconductor firms are supposedly descending on washington this week to press their view on china policy. it comes as the temperature of the china tech war keeps rising. china recently introduced restrictions on exports of raw material such as gallium and germanium which are used in making chips. the statement also comes is the biden administration is the biden administration is considering further rule
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tightening, industry warn it risks disrupting supply chain causing significant market uncertainty and prompting continuing escalatory retaliation by china. it is urging the government to hit the pause button to give the industry time to evaluate the industry time to evaluate the impact of any current or future moves and to ensure that they are fully co—ordinated with allies. with the fifa women's world cup kicking off this week, equal pay for male and female players remains a hot button issue. katie silver has more from sydney. and excitement is setting starting to build. we have seen for example is that one of the sponsors put up is that one of the sponsors put up a huge board and just about a ten minute walk that way one of the iconic participant, martin place. we are seeing increased signage around the straight and about ten minutes drive that was whether sydney football stadium is which is where the matildas will take
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on ireland on thursday night but, as you mentioned the matildas have made headlines in the last 2a hours for reasons other than football. they have put up a video, 23 matildas advocating for a change when it comes to workers conditions and pay at this elite level and in fact at this elite level and in fact at all levels of women's football and in that they reflect on the journey that the matildas of going through so who better to speak to them kate gill, a former matilda herself, striker, former captain and now you jointly lead the organisation professional football associated to advocate for footballers working conditions and pay. tell me, you stopped playing in 2016 at the international level. you played, sam kerr came up underneath you. what if your senior time as a matilda and the way things are developed. look, the progress has been pretty rapid especially the last acre but if we look at the matildas context, they have literally gone from sawing their coat of arms into their kits
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and asking the kids to be washed as like a premium of what to expect now having parity with the journey has been long and winding and they know they stand on the salt shoulders of giants but they also know they need to progress again followed full before the follow in their footsteps. i was struck as they had to advocate to have their laundry done for them. you mentioned how they stand on the shoulders of giants was of the matildas suddenly see themselves as advocates globally because they have managed to secure this amazing historic agreement backend 2019. can you talk us through what that achievement was? in 2019, the players along with the players along with the football federation australia which is now football australia, so to really live forward into how they professionalise they professionalise the women's game and that of the way to do that was to have parity with both of our national teams so both of our national teams so both of our national teams could achieve the same glory effectively so that meant they had the same resourcing, payment structure and pretty much the same conditions wrapped around the national team environment and what that has done is driven the game forward in this country and has allowed those coming up through the ranks to actually be really ambitious about wanting to be a matilda
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or socceroo but they also know that they are in a fortunate position to be able to collectively bargain their rights as well, which is not a luxury for a number of players competing in this tournament and that was really clear in the message that collective bargaining is a human right and everyone has a right tojoin a union and everyone has a right to join a union and and everyone has a right tojoin a union and i think they're very much speaking about the fact that needs to be about the fact that needs to be a pre—requisite for all footballers competing in this tournament. kate gill from professional footballers australia. this is seen as a watershed moment for many when it comes to equal pay for women's sport. we have seen various countries around the world advocating it, including the matildas so we have to wait and see but as i say, this element is due to kick off thursday evening. before we go, let me tell you about a story now on our website. a swiss watchmaker is taking legal action against the malaysia and government for seizing lgbt cue watches from stores. more than 170 watchers were impounded from its rainbow
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pride collection on sales at shopping malls across malaysia. they want the return of the watchers worth $110,000. that is all we have for you. thank you for watching. bbc news bringing you different stories from across the uk. iam i am getting married. i served in afghanistan and lost my left leg. the training for this started roughly 18 months ago. most of it has been accuracy landing. this guy is a big place and you have a lot of room for error in the sky but what is crucially important as you get the landing correct. all of them, including chris have landed safely. i
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all of them, including chris have landed safely.- all of them, including chris have landed safely. i have 'ust s dived have landed safely. i have 'ust sky dived into i have landed safely. i have 'ust sky dived into my i have landed safely. i have 'ust sky dived into my wedding]- have landed safely. i havejust sky dived into my wedding on | have landed safely. i have just| sky dived into my wedding on a beautiful sunday morning. the? beautiful sunday morning. they ho -e to beautiful sunday morning. they hepe to have — beautiful sunday morning. they hepe to have a _ beautiful sunday morning. they hope to have a new— beautiful sunday morning. they hope to have a new world - beautiful sunday morning. they hope to have a new world record for the largest wedding party to skydive into a wedding venue. after that, it is time to get married.— to get married. the most stressful _ to get married. the most stressful part _ to get married. the most stressful part of - to get married. the most stressful part of the - to get married. the most stressful part of the day l to get married. the most i stressful part of the day so far. i am calm, cool stressful part of the day so far. iam calm, cooland collected. jumping out of the plane was infinitely more stressful. i have been ready for this a long time. i stressful. i have been ready for this a long time.- stressful. i have been ready for this a long time. i get the big fancy _ for this a long time. i get the big fancy dress _ for this a long time. i get the big fancy dress and _ for this a long time. i get the big fancy dress and he - for this a long time. i get the big fancy dress and he gets l for this a long time. i get the l big fancy dress and he gets the bil big fancy dress and he gets the big fancy— big fancy dress and he gets the big fancy skydive. i used to skydive _ big fancy skydive. i used to skydive and i am happy for him to do— skydive and i am happy for him to do it — skydive and i am happy for him to do it as_ skydive and i am happy for him to do it as long as they are saved, _ to do it as long as they are saved, i_ to do it as long as they are saved, i am to do it as long as they are saved, lam happy. for more stories across the uk, head to the bbc news website. hey, i'm zof with the catch up. tonight, ai continues continuous threaten jobs and an exciting development for dementia and a survival hero at sea.
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lucy spraggan has said being on x factor in 2012 felt like being in an abusive relationship. she has now revealed the reason she left the itv show quickly after week three of the contest was because she had been raped and was not actually ill, which is what reported on at the time. lucy also says the industry needs to change to better protect people taking part in reality tv shows. itv have said they are evolving their duty of care processes. some other stories for you now. unis could be restricted in recruiting students to poor quality courses. rishi sunak has said he wants to put an end to people being taken advantage of. more on al than, the new head of the ai task force has told the bbc that protecting british jobs will be a challenge as a1 systems have become more advanced. there have already been reports of multiple job losses because of it.
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and next, could there be a turning point in the fight against dementia? following a global trial, a new drug has confirmed it slows the cognitive decline. time now for ten seconds of survival madness. this australia sailor and his dog survived two months in the pacific ocean by eating only raw fish and drinking rainwater. i can't imagine that tasted nice but it did do the trick of keeping them alive which is of course all that matters. you are all caught up now, see you later.
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hello and welcome to sportsday. hello and welcome to sportsday. i'm paul scott at i'm paul scott at the bbc sport centre. the bbc sport centre. here's what's coming up. here's what's coming up. now or never. now or never. england recall their all—time leading wicket—taker england recall their all—time leading wicket—taker for the must win fourth ashes for the must win fourth ashes test against australia. test against australia. three days before three days before the women's world cup, the women's world cup, a plea from the co—hosts a plea from the co—hosts as they make their voices heard as they make their voices heard over prize money. the para athletics world championships come to an end. we hearfrom one of the stand out performers — 14—time world champion hannah cockroft.
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