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tv   Asia Business Report  BBC News  September 4, 2023 12:30am-12:46am BST

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the country's morning in china. the country's developer, country garden, has reportedly won approval from creditors to extend their deadline to key bond repayment, which means the company has narrowly avoided... inaudible. the debt crisis of the property sector is weighing heavily on the chinese economy, struggling to recover from the the chinese economy, struggling to recoverfrom the pandemic restrictions. country garden's problems are far from over. it seems country garden can extend one of the key debt... but more than debt payment will be required. inaudible. perhaps we are far from out of the woods yet. so any potential default in becoming near—term would have a pretty serious
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consequence in terms of the pricing of country garden's debt. notjust for the company debt. not just for the company but for the debt. notjust for the company but for the sector in general. it could create yet another market turbulence, which we have seen in the past few months already. now, i would say the key thing here is china's problem like many other problems... inaudible. speaking of china, the us commerce secretary has warned china in interviews on us tv over the weekend that the patience of american business is wearing thin. the secretary, who was in china last week, said us companies deserved a predictable environment and a level playing field. she commented on china's economic slowdown, saying the world's second biggest economy did better when it was more transparent and market
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oriented. one of china's main trading partners, australia, will be releasing its latest trade figures this week along with retail sales and growth figures. also the monthly rate review by the reserve bank of australia is due on tuesday, and the meeting will see philip lowe chairing his final meeting as governor before handing it to the new appointees. earlier i spoke to an expert who said she is not expecting the central bank to raise rates. it's going to be a very tough balance they have to manoeuvre through. but the good news is we are seeing inflation coming off reasonably quickly and we don't expect a rate rise at this meeting. however, there will always be commentary about potential rate rises if the data starts to deteriorate again. at this point, they are manoeuvring the economy to a narrow path or slow down and avoiding recession reasonably well. ~ . , avoiding recession reasonably well. . , ., ., , well. we have seen relations with china — well. we have seen relations with china somewhat - well. we have seen relations - with china somewhat improving,
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these tensions are easing, and that seems to be really supporting investor sentiment in australia. we supporting investor sentiment in australia.— in australia. we are seeing improvement _ in australia. we are seeing improvement across - in australia. we are seeing improvement across some | in australia. we are seeing l improvement across some of in australia. we are seeing - improvement across some of the commodities, and other commodities, and other commodities moving into china. and then there is discussion with the removal of tariffs, wine tariffs could be reduced or removed in the coming months. certainly fuelling a lot of positivity in australia. labour day in the us on monday, a blue public holiday that marked the end of summer. —— a blue—collar public holiday. but three big detroit car—makers, the union representing car—makers ford, general motors, seeking a 40% pay rise and better benefits. hoar motors, seeking a 40% pay rise and better benefits.— and better benefits. how far are ou and better benefits. how far are you willing _ and better benefits. how far are you willing to _ and better benefits. how far are you willing to go - and better benefits. how far are you willing to go to - and better benefits. how far are you willing to go to get i are you willing to go to get the contract you deserve? the newly elected _ the contract you deserve? the newly elected head of the uaw
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talking tough. he has taken an aggressive approach to negotiations exploration of the four—year contract with general motors... inaudible. repeatedly pointing out that together they have made $21 billion in profit in the first half of this year. we billion in profit in the first half of this year.- billion in profit in the first half of this year. we have been breakin: half of this year. we have been breaking our— half of this year. we have been breaking our backs _ half of this year. we have been breaking our backs while - half of this year. we have been breaking our backs while the i breaking our backs while the big three have been breaking the bank. the big three can afford to share their record profits with the auto workers who make the industry run, they just don't want to. in who make the industry run, they just don't want to.— just don't want to. in 2008, the auto _ just don't want to. in 2008, the auto companies - just don't want to. in 2008, the auto companies nearly l the auto companies nearly collapsed. workers accepted major concessions to help save the industry. the uaw said it is time they were repaid. the demands include an end to wage tears, where new hires make 25% less than older ones. a pay increase and pensions for all workers. observers a strike is likely. auto—makers won't agree
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to anything that would add billions to costs, when they are spending heavily on the move to electric vehicles. putting yourself back in that position where you have exposure to a long—term cost that you can't control is a real big mistake. so they probably can't rightfully take a lot of these concessions back. ~ a lot of these concessions back. ., ., ., , back. with negotiations ongoing. _ back. with negotiations ongoing. g _ back. with negotiations ongoing. g m _ back. with negotiations ongoing, g m said... i the tension comes at a key moment for america's labour movement. the teamsters recently won concessions on ups, while hollywood remains
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paralysed by the actor and writers strike.— paralysed by the actor and writers strike. this isn't 'ust about uni writers strike. this isn't 'ust about the uaw, * writers strike. this isn't 'ust about the uaw, this is h writers strike. this isn'tjustl about the uaw, this is about the social inequality that exists in this country. uaw organiser _ exists in this country. uaw organiser daniel _ exists in this country. uaw organiser daniel says - exists in this country. uaw - organiser daniel says members are ready to walk out. the organiser daniel says members are ready to walk out.— are ready to walk out. the wall street analysts _ are ready to walk out. the wall street analysts are _ are ready to walk out. the wall street analysts are looking - are ready to walk out. the wall street analysts are looking at l street analysts are looking at this on paper, as numbers. we are trying to tell you, this isn'tjust are trying to tell you, this isn't just about money. are trying to tell you, this isn'tjust about money. and so, some of america's _ isn'tjust about money. and so, some of america's biggest - some of america's biggest industrial names and its workers inched closer to a shutdown, one with big implications for the us economy. the hunting of whales has resumed in iceland after the country decided not to extend a temporary ban put in place earlier this summer. a series of new regulations and increased monitoring will be put in place although opponents are outraged by the decision. this old whaling boat will soon
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be heading out to sea to go hunting. earlier in the summer, the practice was suspended over animal welfare concerns. now the government has let whaling restart. the minister said she had done so reluctantly. translation:— had done so reluctantly. translation: , ,. , , ., had done so reluctantly. translation: , ,. ,, ., , translation: this discussion is far from over. _ translation: this discussion is far from over. i _ translation: this discussion is far from over. i think _ translation: this discussion is far from over. i think it - translation: this discussion is far from over. i think it is - farfrom over. i think it is important that it continues in society as a whole and in politics. we are the last nation in the world that allowed the hunting of whales in this way. allowed the hunting of whales in this way-— in this way. environmentalists and animal — in this way. environmentalists and animal rights _ in this way. environmentalists and animal rights activists - and animal rights activists condemned the move. it’s and animal rights activists condemned the move. it's a very sad da , condemned the move. it's a very sad day. i'm _ condemned the move. it's a very sad day. i'm not _ condemned the move. it's a very sad day, i'm not really _ condemned the move. it's a very sad day, i'm not really proud - sad day, i'm not really proud to be from iceland today. but at the same time, i am, because the majority of us really don't want this and actually fighting this. ~ ., , want this and actually fighting this. ~ . , , this. we are very disappointed b this this. we are very disappointed by this decision. _ this. we are very disappointed by this decision. we _ this. we are very disappointed by this decision. we are - this. we are very disappointed by this decision. we are living | by this decision. we are living in a _ by this decision. we are living in a biodiversity and climate crisis — in a biodiversity and climate crisis and _ in a biodiversity and climate crisis and our decision should be based _ crisis and our decision should be based on solving this. an
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injunction — be based on solving this. in injunction has been filed in a bid to block further whaling. i want to encourage iceland to maintain the ban... want to encourage iceland to maintain the ban. . ._ maintain the ban... some hollywood _ maintain the ban... some hollywood actors - maintain the ban... some hollywood actors have - maintain the ban... some i hollywood actors have called for a stop. fin whales are listed as vulnerable globally, but stocks in iceland are reportedly stable. only one whaling station still hunts them and export the meat to japan. it says it won't hang up its harpoons any time soon. if you have a hefty stock of fish, of wales, you utilise them. if it's not healthy, you don't utilise them. the estimate for fin whales around ice land is about 40,000 animals. just two other countries, _ about 40,000 animals. just two other countries, norway - about 40,000 animals. just two other countries, norway and - other countries, norway and japan, still allow commercial whaling. in 1986 there was a global moratorium due to dwindling whale stocks. iceland halted the practice not long
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after buckley restarted again in 2006. around the world, commercial whaling has mostly been consigned to the history books. but in iceland it remains a highly emotive issue. in recent years, the views of icelanders have undergone a sea change and the latest poll shows 42% are against the practice, with 29% remaining in favour. at this restaurant, whale dishes are among the bestsellers.— whale dishes are among the bestsellers. influenced by the japanese. _ bestsellers. influenced by the japanese. we _ bestsellers. influenced by the japanese, we have _ bestsellers. influenced by the japanese, we have whale - bestsellers. influenced by the i japanese, we have whale pepper steak, local customers and a lot of tourists, as traditions because we have been hunting whales since 1947, and centuries before.- whales since 1947, and centuries before. but while whalin: centuries before. but while whaling has _ centuries before. but while whaling has been _ centuries before. but while whaling has been done - centuries before. but while whaling has been done for| whaling has been done for centuries, one in four visitors now go whale watching. and the chance to see these creatures in the wild has become one of iceland's biggest draws. with
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that then we envy addition, i'm back at the top of the hour. thank you so much for watching. —— we end the edition. bbc news, bringing you different stories from across the uk. ., ., , ., , , the uk. the aim of this app launched — the uk. the aim of this app launched in _ the uk. the aim of this app launched in somerset - the uk. the aim of this app launched in somerset is - the uk. the aim of this app launched in somerset is to | the uk. the aim of this app - launched in somerset is to save lives. it launched in somerset is to save lives. ., , launched in somerset is to save lives. ., ., ., lives. it has information about what naloxone _ lives. it has information about what naloxone is, _ lives. it has information about what naloxone is, how - lives. it has information about what naloxone is, how to - lives. it has information about what naloxone is, how to use | lives. it has information about. what naloxone is, how to use it and where _ what naloxone is, how to use it and where to find it, with a handy— and where to find it, with a handy little map with locations. it's available to supplies across somerset and pharmacies. supplies across somerset and pharmacies— supplies across somerset and harmacies. ., ., ., , pharmacies. naloxone comes as an injection _ pharmacies. naloxone comes as an injection or— pharmacies. naloxone comes as an injection or a _ pharmacies. naloxone comes as an injection or a nose _ pharmacies. naloxone comes as an injection or a nose spray. - an injection or a nose spray. pretend this is a receptor in your grain. when something like heroin is injected into the body, the molecules attach on top of the receptor. when
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naloxone is taken, it knocks the opioids off which can reverse the effects of an overdose. it can work in just two or three minutes. to get it to someone in need quickly, more people need to start carrying it around with them just in case. carrying it around with them just in case-— just in case. quite a big utake just in case. quite a big uptake in _ just in case. quite a big uptake in people - just in case. quite a big uptake in people takingj uptake in people taking naloxone, but people actually carrying — naloxone, but people actually carrying it... naloxone, but people actually carrying it---— carrying it... more than 400 avon and — carrying it... more than 400 avon and somerset - carrying it... more than 400 avon and somerset police . avon and somerset police officers have been trained to use naloxone. this app is encouraging others to do the same, especially those who might come into contact with drug users, such as family members, friends or those who work in busy places, so more people have access to this labour—saving medicine. —— life—saving medicines.
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it's been seen by more than 8 million people in 80 different cities across the world. and now, the famous exhibition van gogh alive has come to brighton. gogh alive has come to itrighton-_ gogh alive has come to briahton. �*, ., , ., brighton. it's about bringing a new audience, _ brighton. it's about bringing a new audience, a _ brighton. it's about bringing a new audience, a new - brighton. it's about bringing a i new audience, a new generation into art in a completely different way. we two—week—old babies and retirees and schoolkids, it is for everyone and allows them to really get up and allows them to really get up close and enjoy the paintings in ways you otherwise can't. . ., ., paintings in ways you otherwise can't. . ., . ., , can't. even encouraged to try replicating — can't. even encouraged to try replicating some _ can't. even encouraged to try replicating some of— can't. even encouraged to try replicating some of van - can't. even encouraged to try. replicating some of van gogh's most famous paintings. it's the very first exhibition to be hosted here in the historic corn exchange at brighton dome. the space has been closed for nearly seven years, but has undergone a huge renovation. you get to admire the architecture and the space as much as the exhibition itself. just really powerful for the visitors when they come in and
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see these magnificent buildings that has been hidden for so long, revealed again. the exhibition _ long, revealed again. the exhibition is _ long, revealed again. the exhibition is open - long, revealed again. the exhibition is open until september the 3rd. hello, i'm olly foster. here's what's coming up in the sport. new york's going loco for coco — the american teenager's into the us open quarter—finals. arsenal's record signing declan rice scores in injury time as the gunners beat manchester united. and it's the perfect ten for the record—breaker max verstappen after he wins the italian grand prix.
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hello, welcome along, we're going to start in new york where the american teenager coco gauff has kept the home crowds happy, reaching the quarter—finals of the us open, beating the hugely experienced caroline wozniacki in three sets. the dane, a two—time finalist in new york, and 14 years her senior, was playing at flushing meadows for the first time in four years after having two children and briefly retiring. gauff�*s won titles in cincinnati and washington this year, took the first set 6—3. she lost her way in the second set, losing it by the same margin to the 2018 australian open champion. but she regained her composure to see out the match 6—1 in the decider. sorana cirstea is also through to her first grand slam quarter—final in 14 years. she had a convincing win over belinda bencic on sunday. the romanian overcame the 15th seed and olympic champion 6—3, 6—3.

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