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tv   Asia Business Report  BBC News  July 28, 2023 1:30am-1:46am BST

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hello and welcome to asia business report. i'm mariko oi. the big week for us economic news continues, as the us 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 q2, 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 two decade high,
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they would be watching and monitoring economic reports to decide whether another rate hike was warranted. or if they were done. hot on those heels, 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 an immaculate tightening. while the fed may have been raising rates more quickly than ever, 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. 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
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of natwest�*s private banking arm coutts — is the latest to quit the firm, following in the footsteps of its 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 isn't dull however is this row. can the chairman stay and what does this mean for banks relating to their customers and their services? meanwhile, oil and gas prices fell sharply this year, and that's weighing on energy companies, oil giant shell posted a 56% slump in profits
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for the second quarter, missing forecasts. energy giant exxonmobil is due to report their latest earnings later today. tim waterer is the chief market analyst at kcm trade and gave us his outlook for crude prices for the rest of the year. there were fears at that point in time that a hard recession in time that a hard recession in the us and the regional banking crisis. and concerns with what would happen with the chinese recovery. but in the past couple of weeks we've seen a move higher energy profits, 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
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so i think there is some positive signs on the markets at the moment on hope we will see 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. they are just taking from all of us and giving it to their mates and shareholders. it's great for customers who are having to cut back. we're both teachers at the end of the, we're supposed to be all right, now we really have to do watch what we are spending. jamie lee and hannah are both with scottishpower. it'sjust awful. there
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it's just awful. there were peorfle _ it's just awful. there were people generally struggling and they don't have a conscience, do they? _ you don't have a choice do you, there's only so many providers, if you want gas and electric you have to pay it. - with so little choice available, kaylee doesn't feel like she's got an option to change supplier. to hear they are making profit as well when they put all the energy bills up, it's not great, is it? the energy regulators say this profits are a one off lake and it's reasonable that they've allowed suppliers to charge more to try and take back some of that money which they say they lost during covid and the war in ukraine. but for customers, it feels different. it makes my blood boil, we are being failed by the government and by profits of companies like british gas. but the prime minister says the government have been helping.
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that's why i took a risk when i was chancellor to tax the windfall process — profits of companies. have a typical families energy bill typically over the last winter. as these profits were being made, since january, hazel has given out seven point £5,000 in energy vouchers top—ups to people in need. it's heartbreaking, it's heart . breaking to think how the bills have gone up. if they had to have gone up, people — if they had to have gone up, people wouldn't— if they had to have gone up, people wouldn't have - if they had to have gone up, people wouldn't have been i people wouldn't have been struggling _ people wouldn't have been struggling so_ 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 investigation has found that google�*s earthquake warning system failed to reach many turkish residents before february's deadly tremor. james clayton with more. it was one of the most deadly
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earthquakes in modern times. february's quake happened in 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 mini seismometers, the angel earthquake alert system. so you'll hear it go, it looks like this, it says drop, cover, and hold. this is the product managerfor the system at google. it’s the system at google. it's re the system at google. it's pretty loud- _ the further you are from
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the earthquake the more notice the system can give you, up to around a minute. enough time to try and find a safer location. so our system did activate from of both the major events in turkey as well as some aftershocks. the bbc has found no evidence that this warning was received before turkey's first and biggest quake. we went to three cities in turkey. we asked hundreds of people. not one person we talked to said they got the warning. so it looks like this and it makes this sound... chiming this person lost 25 members of herfamily including her sister her family including her sister and herfamily including her sister and nephews. so you didn't receive any alert, nothing on your phone?
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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 activated and we did send alerts. have you spoken anyone who is got an alert? i have not, no. has google spoken to anyone? i don't know. harold is professor of earth sciences and director of pacific northwest. it sciences and director of pacific northwest. if you are delivering — pacific northwest. if you are delivering an _ pacific northwest. if you are delivering an essential- pacific northwest. if you are delivering an essential life l delivering an essential life safety public safety piece of information, you have a responsibility to be transparent about how it works and how well it works. and yet google has not published evidence that the system worked. the system that could have saved lives. james clayton reporting.
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and before we go, the bank ofjapan is set to unveil its latest monetary decision later today. the expectation is that the central bank will keep its ultra—low interest rates but may make tweaks to its yield control policy. that sounds very technical, doesn't it? it's closely watched by traders because the bank of japan was the first to introduce culturalist policy and the rumour was enough to send the unitjumping against all major currencies, affecting the nikkei. that's it for this edition of asia business report. thank you so much for watching. they are both autistic. there is a process of adhd as well. mason has the development delay.
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mason has the development dela . �* ., . mason has the development dela . . , delay. both are still in nappies- _ delay. both are still in nappies. for - delay. both are still in nappies. for eight - delay. both are still in i nappies. for eight years delay. both are still in - nappies. for eight years emma has been campaigning for getting more changing places and toilets built because poor facilities has often meant leaving home could be a problem. it leaving home could be a problem-— leaving home could be a roblem. . ,, a, ., , , problem. it assured aaron teys out so we _ problem. it assured aaron teys out so we would _ problem. it assured aaron teys out so we would go _ problem. it assured aaron teys out so we would go out - problem. it assured aaron teys out so we would go out and - problem. it assured aaron teys out so we would go out and if l out so we would go out and if one of the children made a mess would have to come home straightaway.— would have to come home straiahtawa . ~ , , ., straightaway. when she started her campaign — straightaway. when she started her campaign in _ straightaway. when she started her campaign in norfolk - straightaway. when she started her campaign in norfolk there l her campaign in norfolk there werejust for changing her campaign in norfolk there were just for changing places. how many are in norfolk now? 24. more are coming. there should be 31 in the next couple of years. but still not enough, there will never be enough until people can go out and i have to think about going somewhere because of the changing places. the somewhere because of the changing places.— somewhere because of the changing places. the issue of facilities for _ changing places. the issue of facilities for people _ changing places. the issue of facilities for people with - facilities for people with disabilities is a big one. now the report has highlighted the spending power of disabled people, £300 million a year just in suffolk.— just in suffolk. what we are callin: just in suffolk. what we are calling for— just in suffolk. what we are calling for is _ just in suffolk. what we are calling for is for _ just in suffolk. what we are calling for is for suffolk - just in suffolk. what we are calling for is for suffolk to l calling for is for suffolk to become _ calling for is for suffolk to become an exemplar destination for accessibility and inclusion in the —
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for accessibility and inclusion in the do _ for accessibility and inclusion in the do that we have got to move — in the do that we have got to move things on.— move things on. the more stories from _ move things on. the more stories from across - move things on. the more stories from across the . move things on. the more | stories from across the uk, head to the bbc news website. hey. tonight a change takeaway pines, the mercury prize awards and terrifying sea lions. it might be raining in the uk but july is set to be the world pozner kindest month ever recorded. heat waves in europe and the us as well as the hottest day ever globally earlier this month have sparked fresh warnings about climate change. the head of the un says the era of global warming is over and global boiling has begun. scientists say that for the uk hot summers like last year were reached will actually be thought of as cooled by the end of the century. some other stories for you. you might
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similar out quite bet, electronic bikes and scooters, charity says the batteries should be regulated like fireworks or heavy machinery because of their fire risk. the london fire brigade says it's been called to e—bike or eve askew to fire every two days this year. last orders for takeaway pines and sometimes as covid rules expire. these made it easierfor pubs in england to sell takeaway drinks but this will and in september. if they want to continue they'll have to apply to their local council. that's told mercury prize awards. this celebrates the best british and irish albums of the year. arctic monkeys, jessie ware and rattigan are leading the shortlist. the full ceremony will be in september. time for ten seconds of sea lion chaos. this is the moment sea lions were charging people to chase them away on a beach in san diego. trust me, i'd have led out of the quicktime. that is my worst nightmare. you are all
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caught up now. see you later. hello and welcome to sportsday. i am mark edwards first appears what's coming up on our
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programme. australia agony, nigeria ecstasy. big shock at the world cup with the co—hosts facing early elimination. better news on the cricket, though. ashes advantage for australia, who edge the first day of the final test. a new runner in the race to sign rasmus. paris st germain looking for hoyland, the atalanta star striker. hello and thanks forjoining us on our show. we begin at the women's world cup where the first major shock of the tournament has occurred. co—hosts australia, ranked 10th in the world, where considered competition dark horses, but now might not even get out of the group. that is after they were beaten by nigeria, a team ranked 30 places below them.
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adam can't yet ranks up the

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