tv Asia Business Report BBC News July 27, 2023 12:30am-12:46am BST
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giant come. british banking giant continues to remain under pressure over an inaccurate bbc story about the closure of nigel�*s account. our top story for you this morning as the us federal reserve is moved to hike the cost of borrowing once again. the central bank raised interest rates by quarter perspective each point and 22 years. as my colleague explains, they have left the door open for more. the federal reserve is _ door open for more. the federal reserve is moved _ door open for more. the federal reserve is moved with _ reserve is moved with unprecedented speed to get inflation under control and it has raised its benchmark rate by 5.25" present in the latest move is likely to push up american businesses and consumers, even further. with inflation showing prices
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rising, more slowly than a year ago and the press conference was whether this would increase will relax our hike again later this year. 5 i would say it is certainly possible to raise prices at the september meeting notes it's possible that we which are stored study at that meeting. which are stored study at that meetinu. ., , ., , ., ., meeting. -- hold steady at that meetinu. meeting. -- hold steady at that meeting. element _ meeting. -- hold steady at thati meeting. element policymakers remain concerned that the worlds biggest economy come from a moderate expansion and they're still hoping they can get inflation under control without triggering a recession. i spoke
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with frederick on the front page of the bbc news to gave his assessment on whether the language was clear on the next step. you will not hundred percent clear because they left the door open and percent clear because they left the door ope— the door open and they could raise rates — the door open and they could raise rates again _ the door open and they could raise rates again and - the door open and they could raise rates again and we - raise rates again and we usually see that at the end of the tightening cycle in the bank says we've done a lot and we need to see how the previous interest rate hikes affect the economy and you're not 100% certain what's going to come next stop opinion seem to be split over the european central bank what they're going to do next as well, what is your assessment on the? we have a clear signal that it is to raise interest rates and still very persistent inflation pressures and expected for the meeting today, and europe, going forward, we will probably be closer to the end of the
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tightening cycle because we see the economy starting to respond to early interest rates and inflation which is lower than central banks look forward to six to nine months we have to think about where inflation will be early next year for a change interest rates now and thatis change interest rates now and that is why we are closer to the end of the cycle as well. in japan is the end of the cycle as well. injapan is the new governor since april, there were some expectations among investors and traders to be amazed monetary policy but have not really done that and what are you expecting there?- really done that and what are you expecting there? they will be meeting — you expecting there? they will be meeting on _ you expecting there? they will be meeting on friday - you expecting there? they will be meeting on friday and - you expecting there? they will| be meeting on friday and there was an expectation that they might not shop just a little bit and those expectations and faded a little bit it's not clear whether they would do it now or later in the year up until it's quite likely that they will do this as well before the end of the year because japan, like the us and europe a little bit it's not
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clear whether they would do it now or later in the year but it looks quite likely that they will do this as well before the end of the year because japan, like the us nikissing inflation rises well in the bank of japan is in hyping that all we're still waiting for the first tweet policy to tapped the brakes on the economy. it is difficult to — brakes on the economy. it is difficult to criticise _ brakes on the economy. it is difficult to criticise them because they have a really trickyjob because they have a really tricky job to because they have a really trickyjob to do been tackling inflation, while not pushing their economies and to make into recession, but in a good job question will we have to give credit where it is doing it looks as if most central bankers it looks as if most central banke ., it looks as if most central banke- it looks as if most central banke . ., ., bankers have when doing what was a stunning _ bankers have when doing what was a stunning surgeon - was a stunning surgeon inflation to better respond to and they should not have let inflation out of the bag in the first place but unusual circumstances coming out of the pandemic and few people could foresee that in central bankers probably get a pass just having managed so far gentle interest
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rates and prompt sessions just yet. rates and prompt sessions 'ust et. , ., ., yet. over the bridge and former uk pleader. _ yet. over the bridge and former uk pleader, nigel— yet. over the bridge and former uk pleader, nigel farage - yet. over the bridge and former uk pleader, nigel farage is - uk pleader, nigel farage is called forfurther uk pleader, nigel farage is called for further changes following the resignation of the banks chief executive stepping down after admitting she was the source of an inaccurate story about the closure of his accounts of the private banking firm. the boss who stepped down over the row about closing nigel farage's account. she admitted she told the bbc it was a commercial decision. but, and correctly denied and reflected his political views too. she was seen as i've experienced banker, a safe pair of hands to handle the accounts of millions until now. , handle the accounts of millions until nova— until now. the first rule of banking — until now. the first rule of banking this _ until now. the first rule of| banking this confidentiality and she with a dinner of the business of criticism things
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that were not very wise. since when is a bank and moral arbiter of what they deem to be suitable as a customer or not? nigel farage tweeted his account had been closed in the next week the bbc business editor tweeted that a senior source had told him the former you keep leader and fallen short of financial requirements. he obtained a document revealing the big cities views do not align with our banks. two days later, she apologised for deeply inappropriate comments. six days later, the bbc apologised to nigel farage. the business editor tweeted the information was incomplete and inaccurate. the next afternoon, paid to being the source and they said they noted the error of judgment but said it maintain full confidence in her. but eight hours later, in the middle of the night, they
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announced that she was stepping down. setting the brightest and best for over 300 years and was stopped at the queens bank, it is a stranger to scandal. yet, it finds itself embroiled in a crisis of reputation and when thatis crisis of reputation and when that is provoked a discussion about how banks should view their customers. wiping some and senior bankers to discuss where the line should be drawn between risk and freedom of expression. between risk and freedom of exnression-_ between risk and freedom of expression. resigned and the government _ expression. resigned and the government has _ expression. resigned and the government has been - expression. resigned and the government has been clear i government has been clear throughout that it is wrong to remove — throughout that it is wrong to remove someone's bank account because — remove someone's bank account because of— remove someone's bank account because of their political views— because of their political views or something to be of said — views or something to be of said i — views or something to be of said. . ., , views or something to be of said. . . , ., views or something to be of said. . ., , ., ~' said. i certainly did not think an one said. i certainly did not think anyone should _ said. i certainly did not think anyone should be _ said. i certainly did not think anyone should be refused i anyone should be refused banking _ anyone should be refused banking services - anyone should be refused banking services because| anyone should be refused . banking services because the political— banking services because the political views, _ banking services because the political views, whoever-
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banking services because the political views, whoever theyj political views, whoever they are — political views, whoever they are. ., ., ., , ., are. for nigel farage, it is a personal— are. for nigel farage, it is a personal crusade _ are. for nigel farage, it is a personal crusade today, - are. for nigel farage, it is a l personal crusade today, banks are told they want to give customers more notice when they close accounts. relatively few complaints about disclosures, the watchdog last year, for many reasons, for the vast majority, it is business as usual. let's go back to the women's world cup which we set a new state as well because it could bring in a significant tourism boost for countries and australia and new zealand in the spring and kd who was river from sydney and a lot of tourists have been haven't they? it's about 55,000 national tourists to become frustrated in the— national tourists to become frustrated in the strip tourism australia is _ frustrated in the strip tourism australia is hosting _ frustrated in the strip tourism australia is hosting the - frustrated in the strip tourism australia is hosting the world | australia is hosting the world cup election generated 385 million australian dollars or more than a quarter of a billion us dollars for the
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economy and this cannot come at a better time as the industry continues to recover from covid—i9 to remember that australia closed its borders for the best part of two years and i really shut down the tourism industry which traditionally have provided a huge significant portion of australia's economy and it's an important industry and 55,000 tourists expected to come there expected to spend about 100 million australian dollars or 130 us dollars. 30 million. coming from the us, we have seen fans coming and travelling from the us we've also heard when good spenders he would come about 20,000 americans of travel there towards the american teams in three games the us and following the us, were also seeing them come to england, germany, new zealand and ireland. we also hearing that hotel capacity here in sydney is up to about 70% of
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desire than usual. you have also been hearing that there's going to be staging a tourism campaign around this world cup and researching to see how effective it is using that research to generate and decide how they're going to state the tourism campaign must the olympics in brisbane in 2032. interesting learning to be gained with the tourism industry here in huge economies industry here in huge economies in australian dollars and a quarter of the billion us dollars. ~ , quarter of the billion us dollars— quarter of the billion us dollars. ~ , . ~ dollars. will be back in the next hour— dollars. will be back in the next hour and _ dollars. will be back in the next hour and do - dollars. will be back in the next hour and do join - dollars. will be back in the next hour and do join us i dollars. will be back in the next hour and do join us if| dollars. will be back in the - next hour and do join us if you next hour and dojoin us if you can thank you so much for watching asia business report. different stories from across the uk. artistic and going in for a process of adhd and mason is a developmental delay and
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their blood still. campaigning to get more change and places for toilets built because poor facilities have often meant leaving home could be a problem. will go out for the children's would make a mess, we have to come straightaway is. making their campaign in norfork, there werejust is. making their campaign in norfork, there were just four changing places. 2g norfork, there were 'ust four changing places._ changing places. 24 at the moment. _ changing places. 24 at the moment, yes _ changing places. 24 at the moment, yes and - changing places. 24 at the moment, yes and more i changing places. 24 at the - moment, yes and more coming this 31— moment, yes and more coming this 31 in — moment, yes and more coming this 31 in the next couple of years— this 31 in the next couple of years but— this 31 in the next couple of years but still not enough. it will never _ years but still not enough. it will never be enough to people can go— will never be enough to people can go out and another to think about— can go out and another to think about going somewhere because of this— about going somewhere because of this stop at the issue of facilities _ of this stop at the issue of facilities and people with disabilities is a big one of the — disabilities is a big one of the board is highlighting the power— the board is highlighting the power of disabled people, £300 a ear power of disabled people, £300 a vearjust _ power of disabled people, £300 a vearjust in — power of disabled people, £300 a yearjust in suffolk _ power of disabled people, 32: a yearjust in suffolk element three months of will to become
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an exemplarfor this we three months of will to become an exemplar for this we have to move things on. hey, i'm zoph with the catch up. tonight — air pollution and our health, a victory for wrexham and a rat where it shouldn't be struggling to find a place to rent. well, new stats show that there's nearly three times as many people at flat or house viewings compared to 2019. and you're probably up against 20 other people each time. 30. if you're in the north west of england. now, it's notjust people looking for a place that are struggling for people already renting no fault. evictions are on the rise, currently at their highest level since 2017. some other stories now. 0scar winning actor kevin spacey has been found not guilty of nine sex offences. the 64 —year—old cried as the verdict was read out in court and said
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he was humbled by the outcome. and new research has found the impact air pollution is having on our health could be more than we thought. it's also costing the nhs. the project in bradford has looked at four years of data and found that of everyone attending a&e there for breathing difficulties, almost half were linked to air pollution. and in sport, good and bad news for wrexham as they beat man united three one in the us. but their forward player, paul mullen, punctured along after a collision with manu's goalie. and little mix's leigh—anne pinnock has received an honorary doctorate which basically recognises people's achievements and contributions to society. she's been awarded this from buckinghamshire uni for her anti racism and racial equality work. time now for 10 seconds of a musical rap. shakira has released a music video for her new track, cop of cheer. and yep, that is a rat crawling right by her head. what a nightmare. no, thank you.
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into the last 16 at the women's world cup. and japanjoin them after beating costa rica 2—0. england unchanged for the final ashes test which means 40 year old bowlerjimmy anderson keeps his place. and a year and counting until the paris 0lympics begins as they prepare to put on the most sustainable games of all time. we begin at the women's world cup where japan and spain have become the first teams through to the knockout stages of the tournament. both teams looked in impressive form spain easing past zambia and japan seeing off costa rica to maintain their perfect starts. canada are close to joining
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