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tv   Asia Business Report  BBC News  July 28, 2023 12:30am-12:46am BST

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hello and welcome to asia business report. i'm mariko oi. the big week for us economic news continues, the federal reserve�*s preferred measure of inflation will be released later today. and more evidence of slowing inflation would boost hopes that the world's biggest economy could be headed for a soft landing. this is as the latest data showed the american economy growing 2.4% in 02 —— topping expecations. michelle fleury with more. personal consumer expenditures measures how people spend their money, the inflation update is one of the pieces of data watch closely by america's central bank. raised rates by a quarter of a percentage point this week by more than a decade high. they would be watching and
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monitoring economic reports to decide whether another rate hark was —— rate hike was warranted. data released on thursday she owed the us economy grew at the 2.4% central bank policymakers would pull off what economists would pull off what economists would pull off what economists would pull off an immaculate tightening. while the fed may have been raising rates, and of having done so without putting the economy into a recession. later today, british banking giant natwest is due to deliver its latest earnings report for the second quarter. but it comes at a time as the bank battles a scandal... this is following a row over the closure of the account of brexit supporter — nigel farage. mr farage has alleged his account was closed because of his political views. peter flavel — head of natwest�*s private banking arm coutts — is the latest to quit the firm, following in the footsteps of its
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former chief executive, dame alison rose. the bbc�*s chief economics correspondent dharshini david was speaking to sophie raworth earlier. peter flavel is the man who has been in charge of coutts for the last seven years or so and he's accepted full responsibility. and he has now gone. natwest is hoping to draw a line under things with results coming out in the morning and we should say that while this is a crisis, this is a reputational one, not a financial one. , analysts describe natwest�*s finances as being reassuringly dull and getting fully back on track from the financial crisis. what isnt dull however is this row. can the chairman stay and what this means for banks relating to their customers and their services? meanwhile, oil and gas prices fell sharply this year, taking the pressure off central banks and consumers. and that's weighing on energy companies, oil giant shell posted a 56% slump in profits for the second quarter... missing forecasts. energy giant
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exxonmobil is due to report their latest earnings later on friday. but crude prices are seeing a slow rebound recently... tim waterer is the chief market analyst at kcm trade... and gave us his outlook for crude prices for the rest of the year. concerns with what would happen with the chinese recovery, however we have seen and moved higher in the process, most notably in crude oil and that's on the back of, we will start to see a lower interest rate environment in 2024 and some hope this... prove for us around $75 for most of... so i think there is some markets at the moment on hope we will see
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increased demand in the rest of the year. well, over in the uk, british gas has reported its highest ever half—year profits after price caps allowed it to make more money from household bills. it also comes at a time where millions of households have been struggling to keep up with payments. our cost of living correspondent collettta smith reports. british gas, scottishpower, and edf are energy giants, supplying energies to half the homes in britain. over the last six months they've made hundred of millions of pounds between the two of them. it's great for customers who are having to cut back. ~ �* ,., customers who are having to cut back. ~ �* ,., back. we're both teachers at the end of— back. we're both teachers at the end of the, _ back. we're both teachers at the end of the, we're - back. we're both teachers at i the end of the, we're supposed to be all right, now we really have to do watch what we are spending. have to do watch what we are spending-— have to do watch what we are s-uendin. �* . . . . spending. jamie lee and hannah are both with _ spending. jamie lee and hannah are both with scottishpower. - are both with scottishpower. people really struggling and
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it's obvious they don't have a conscious_ it's obvious they don't have a conscious then do they? you don't have — conscious then do they? you don't have a _ conscious then do they? you don't have a choice - conscious then do they? you don't have a choice do - conscious then do they? you don't have a choice do you, there's_ don't have a choice do you, there's only _ don't have a choice do you, there's only so _ don't have a choice do you, there's only so many - don't have a choice do you, - there's only so many providers, if you _ there's only so many providers, if you want_ there's only so many providers, if you want 965 _ there's only so many providers, if you want gas and _ there's only so many providers, if you want gas and electric - if you want gas and electric you — if you want gas and electric you have _ if you want gas and electric you have to— if you want gas and electric you have to pay— if you want gas and electric you have to pay it. - if you want gas and electric you have to pay it.- you have to pay it. with so little choice _ you have to pay it. with so little choice available - you have to pay it. with so little choice available at i little choice available at kaylee doesn't feel like she's got an option to change supplier. got an option to change summer-— got an option to change su lier. , , ., supplier. they put all the ener: supplier. they put all the energy bills _ supplier. they put all the energy bills up, - supplier. they put all the energy bills up, it's - supplier. they put all the energy bills up, it'sjust i supplier. they put all the i energy bills up, it'sjust not energy bills up, it's just not that great is it? energy bills up, it's 'ust not that great is it?_ that great is it? the energy regulators _ that great is it? the energy regulators say _ that great is it? the energy regulators say this - that great is it? the energy regulators say this profits l that great is it? the energy l regulators say this profits are a one off lake and it's a one off lake and its reasonable that they've allowed suppliers to charge more to try and take maximum of that money which they say they lost during coded and the war in ukraine. but for customers, it feels different. it but for customers, it feels different-— but for customers, it feels different. w , , , different. it makes my blood boil, we are _ different. it makes my blood boil, we are being _ different. it makes my blood boil, we are being failed - different. it makes my blood boil, we are being failed by. boil, we are being failed by the government and by profits of companies like british gas. the government have been helping. the government have been helinr. ., v , the government have been hel..in_ ., �*, , the government have been helinr. ., h , ., helping. that's why i took a risk when — helping. that's why i took a risk when i _ helping. that's why i took a risk when i was _ helping. that's why i took a risk when i was chancellor l helping. that's why i took a l risk when i was chancellor to tax the — risk when i was chancellor to tax the windfall— risk when i was chancellor to tax the windfall process - risk when i was chancellor to
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tax the windfall process —— l tax the windfall process —— profits _ tax the windfall process —— profits of— tax the windfall process —— profits of companies. - tax the windfall process —— profits of companies. have tax the windfall process —— i profits of companies. have a typical— profits of companies. have a typical families _ profits of companies. have a typical families energy- profits of companies. have a typical families energy bill. typical families energy bill typically— typical families energy bill typically over— typical families energy bill typically over the - typical families energy bill typically over the last - typical families energy bill. typically over the last winter. as these _ typically over the last winter. as these profits _ typically over the last winter. as these profits were - typically over the last winter. as these profits were being l as these profits were being made since january, hazel has given out seven point £5,000 in energy vouchers to families in need. �* , energy vouchers to families in need. �*, . , �*, need. it's heartbreaking, it's heart breaking _ need. it's heartbreaking, it's heart breaking to _ need. it's heartbreaking, it's heart breaking to think- need. it's heartbreaking, it's heart breaking to think howl need. it's heartbreaking, it's. heart breaking to think how the bills have gone up. people wouldn't have been struggling so much, but yet it's for the energy companies to get a lot of thought to this and get back to the people in need. customers and campaigners all feeling that money is flowing in the wrong direction. coletta smith, bbc news. a bbc newsnight investigation has found that google's earthquake warning system failed to reach many turkish residents... james clayton with more. it was one of the most deadly earthquakes in modern times. february �*s quake happens in
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the middle of the night. many people died where they were sleeping in their beds. 50,000 people were killed. however, there was an earthquake warning system run by google in turkey, and the company claims millions of people got a warning before this earthquake. it works on any android phone, that's about 80% of all of the phones in turkey. and this is google �*s explainer on how it works. these phones have these tiny accelerometers built into them that consents earthquakes. people will be able to have their phones be part of this network of seismometers, the angel earthquake alert system. so you'll hear it go, it looks like — so you'll hear it go, it looks like this, _ so you'll hear it go, it looks like this, it says drop, cover, and hold~ _ like this, it says drop, cover, and hold-— like this, it says drop, cover, and hold. the further you are from the _ and hold. the further you are from the earthquake - and hold. the further you are from the earthquake the - and hold. the further you are | from the earthquake the more notice the system can give you, “p notice the system can give you, up to around a minute. enough time to try and find a safer
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location. time to try and find a safer location-— time to try and find a safer location. ., _ , location. so our system did activate from _ location. so our system did activate from of _ location. so our system did activate from of both - location. so our system did activate from of both the i location. so our system did - activate from of both the major events — activate from of both the major events in — activate from of both the major events in turkey as well as the aftershocks. events in turkey as well as the aftershocks-— events in turkey as well as the aftershocks. the bbc has found no evidence _ aftershocks. the bbc has found no evidence that _ aftershocks. the bbc has found no evidence that this _ aftershocks. the bbc has found no evidence that this warning i no evidence that this warning was received before turkey �*s biggest quake. we went to three cities in turkey. not one person we talked to said they got the warning. so it looks like this and it makes this sound... chiming. so you didn't receive any alert, nothing on your phone? i
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put ourfindings to alert, nothing on your phone? i put our findings to google. how sure you that first it did fire, secondly that it got to people during this earthquake? as sure as we can be that the system — as sure as we can be that the system activated and we did send — system activated and we did send alerts.— system activated and we did send alerts. have you spoken an one send alerts. have you spoken anyone who _ send alerts. have you spoken anyone who is _ send alerts. have you spoken anyone who is got _ send alerts. have you spoken anyone who is got an - send alerts. have you spoken anyone who is got an alert? | send alerts. have you spoken i anyone who is got an alert? has gooale anyone who is got an alert? has google spoken _ anyone who is got an alert? has google spoken to anyone? i don't — google spoken to anyone? i don't know. google spoken to anyone? i don't know— google spoken to anyone? i don't know. professor of earth sciences and... _ ...and and yet google has not published evidence that the system worked. the system that could have saved lives. and before we go, the bank ofjapan is set to unveil its latest monetary decision later today. the expectations is that
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the central bank will keep its ultra—low interest rates... but may make minor tweaks to its yield control policy. that sounds very technical, doesn't it? well, even news that the boj could make tweaks to its yield control policy has sent the yen jumping. it climbed against all of its major peers. that's it for the programme, thanks so much for watching. bbc news bring you different stories from across the uk? masons got a development delay
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as well, they're both still in that phase. as well, they're both still in that phase-— that phase. for eight years amara has _ that phase. for eight years amara has been _ that phase. for eight years i amara has been campaigning that phase. for eight years - amara has been campaigning to get more changing places, toilets built. because poor facilities is also meant leaving home could be a problem. leaving home could be a problem-— leaving home could be a roblem. ~ . , ., ., problem. we are short on her da s problem. we are short on her days out. _ problem. we are short on her days out. we _ problem. we are short on her days out, we would _ problem. we are short on her days out, we would go - problem. we are short on her days out, we would go out. problem. we are short on her| days out, we would go out and if one of the children would make a mess we would have to come home straightaway. there were 'ust come home straightaway. there werejust for— come home straightaway. there were just for changing _ come home straightaway. there were just for changing places. i were just for changing places. how many you norfolk now, 24? and more coming, more coming, should be 31 in the next couple years. should be 31 in the next couple ears. ,, , ., ., years. still still not enough. there won't _ years. still still not enough. there won't be _ years. still still not enough. there won't be enough - years. still still not enough. there won't be enough until people go out and don't have to think about going somewhere because of the changing places. the people with disabilities is a big problem, —— the problems faced by people with disabilities.- faced by people with disabilities. ~ . ., disabilities. what we are callinu disabilities. what we are calling for _ disabilities. what we are calling for is _ disabilities. what we are calling for is for - disabilities. what we are calling for is for suffolk. disabilities. what we are l calling for is for suffolk to become _ calling for is for suffolk to become egg exemplary
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destination, to do that we've .ot destination, to do that we've got to— destination, to do that we've got to move things on. for more stories from _ got to move things on. for more stories from across _ got to move things on. for more stories from across the - got to move things on. for more stories from across the uk, - stories from across the uk, head to the bbc news website.
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time now for ten seconds of saline chaos. chasing away on a beachin saline chaos. chasing away on a beach in san diego, quick time
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but it's my worst nightmare. see you later. hello and welcome to sportsday i'm marc edwards. here's what's coming up on our programme. australia agony, nigeria ecstasy: big shock at
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the world cup with the co—hosts facing early elimination better news in the cricket though, it's ashes advantage for australia who edge the 1st day of the final test. and there's a new runner in the race to sign rasmus. paris saint—germain hunting hojland they submit a take it or leave bid for atalanta's star striker... hello and thanks for joining us on our show. we begin at the women's world cup where the first major shock of the tournament has occured. co hosts australia ranked 10th in the world were considered competition dark horses but now, they might not even get out of the group. that's after they were beaten by nigeria a team ranked 30 places below them. adam cottier rounds up the
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action on a day to remember for african football.

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