tv Asia Business Report BBC News September 19, 2023 12:30am-12:46am BST
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we begin with day four of a strike that's affecting some of america's largest car makers. negotations between the united auto workers and the detroit three auto—makers are ongoing. 12,700 uaw workers havejoined the industrial action affecting general motors, ford, and stellantis. on monday, the uaw held talks with stellantis, though no deal was reached. it had scheduled a new round of talks with ford for later in the day. earlier, i spoke to the asia editor of automotive news, hans griemel, and he told me what's at stake for the sector and for the us economy. well, i mean it's a very dicey situation for the us. it's a huge sector of the economy that is at play here, and there's no common ground yet found between the labour and the management.
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the labour is asking for a wage increase of about 36%, the management has offered amount 20%, so there's still a big gap between the two sides. the labour unions there have also thrown out some almost fantastical once in terms of a return to a normal pension system, and even a four—day workweek. so these are kind of real outliers here in the global industry and would take the unionis? american workers into uncharted territories. find into uncharted territories. and if ou into uncharted territories. and if you bring — into uncharted territories. and if you bring in _ into uncharted territories. and if you bring in the _ into uncharted territories. and if you bring in the asian perspective, what are things that have been done differently here, how would we draw those comparisons for the strike to be resolved? for background, what ou be resolved? for background, what you are _ be resolved? for background, what you are seeing _ be resolved? for background, what you are seeing in - be resolved? for background, what you are seeing in the - be resolved? for background, what you are seeing in the us| what you are seeing in the us is an unprecedented strike against all three major american auto—makers at the same time. meanwhile injapan, you would rarely ever see a
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strike, i don't think in my time working here since the early to thousands have we ever seen a strike at any of the car—makers here. by contrast, you see more of a collegial or cooperative approach to the annual wage negotiations, so there's a more give and take in both the labour and management see their fate is both the labour and management see theirfate is more intertwined, as opposed to confrontational. fire intertwined, as opposed to confrontational.— intertwined, as opposed to confrontational. are there any lessons i _ confrontational. are there any lessons i can _ confrontational. are there any lessons i can be _ confrontational. are there any lessons i can be learned - confrontational. are there any lessons i can be learned and l lessons i can be learned and what are the aspects that are working well for instance, the japanese auto industry? for the ja anese japanese auto industry? for the japanese auto — japanese auto industry? for the japanese auto industry, - japanese auto industry? for the japanese auto industry, they . japanese auto industry, they are also facing some of the same pressures. what we saw this year for example was a reaction to spiralling inflation. there was high—pressure on the auto—makers to give some of their biggest raises decades — toyota gave its biggest raise in two decades to its workers, honda gave its biggest raise in three decades to its workers. and those were requests put forward by the workers accepted
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on front by the management. there was no major conflict or confrontation about that. that said, honda for example accepted a 5% increase for what is likely to be a 5% increase in pay, contrasting with what vw is asking for in the us which is 36%. so you can see how the expectations are little more modest injapan. there are signs that labour disputes between auto industry workers and car makers are spreading beyond us borders. in a few hours, ford motor could be facing a strike in canada. that's when a contract between ford and a union representing 5,600 canadian auto workers is set to expire. unifor has warned that the likelihood of a strike is increasing with every passing hour. the car maker could face a strike in canada if no
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they are asking for better pay and an improved pension system. now let's focus on electric vehicles — because while china may hog the headlines when it comes to evs, there's one other country looking to lead the field — that's indonesia. one of the south east asian nation's most powerful family conglomerates with big interests in mining, oil, and gas is looking to get in on the act by electrifying jakarta's public bus system. our asia business correspondent nick marsh caught up with anindya bakrie, chief executive of bakrie and brothers, on a recent visit to singapore. ja ka rta jakarta alone has about 10,000 buses, which is quite a lot of number, especially compared to other cities in the world, including for example london. but for us, to start with the first batch of buses, about 52 of them, has already made a significant impact. but we want to go from 52 buses to, later on, 10,000 buses. and jakarta is very committed to making it
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happen by 2035, so we are very much supportive. and not only do we want to provide these buses, but we want to make these buses in indonesia. 50 these buses in indonesia. so tell me, _ these buses in indonesia. so tell me, what makes indonesia such an attractive place then to make electric vehicles? 50 to make electric vehicles? so we like to _ to make electric vehicles? sr we like to say to make electric vehicles? 5r we like to say that below the ground, we have the critical minerals, whether that's nickel, cobalt, copper, zinc, epoxide — but above the ground, we have this renewable energy potential, around 500 gigawatts of it. anything from geothermal, solar, wind, hydro. so all of them can come into play to process the critical minerals. so you have the product being processed in the way of green power, that's quite exciting.— quite exciting. how do you intend to _ quite exciting. how do you intend to sell _ quite exciting. how do you intend to sell this - quite exciting. how do you intend to sell this to - quite exciting. how do you i intend to sell this to ordinary indonesians? because they'll see this as western countries
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pouring lots of money into it, buses like you making money off it, how does it help? it will no it, how does it help? it will go from — it, how does it help? it will go from $4000 _ it, how does it help? it will go from $4000 per - it, how does it help? it will go from $4000 per capita l it, how does it help? it will. go from $4000 per capita to 25,000 in less than four years, the only thing is industrialisation. nowadays, industrialisation. nowadays, industrialisation is not enough. you need a new green industrial revolution. you have more people in indonesia, and now half of them are millennial us, and they are really concerned about sustainability, especially not only from protecting the environment, which comes to their livelihood in the global south. high temperature, high humidity, but also because they actually believe that this is the way to go for indonesia. the head of the international monetary fund, kristalina georgieva, has promised the imf will stay in its lane after claims by the us treasury that it should reign in its ambitious to tackle an ever—wider range of global challenges. speaking to the bbc,
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ms georgieva said promoting global financial stability would always be its core mission, but that climate change was becoming a big factor in delivering that mission. repetitive climate shocks cannot exclude how countries integrate climate policies in their fiscal policy, their monetary policy, their financial policy. this is our lane and i give you my word, we would not step out of it. how we help countries in fiscal policy to encourage faster decarbonisation, eliminate cancer, put the price of carbon goods, and we have countries identifying clyde meant related financial instability risks and help their financial system to be strong against these risks. how do they build buffers? what
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should there insurance sector look like? these are topics straight in the mandate of the imf, and i want to say to you and everybody who listens, to the us treasury that we only do what we are good at. there are other institutions that are fantastic that can lead on sectoral issues, on the investment side of climate finance — we do what we are good at. some policies for prosperity, growth and employment.— prosperity, growth and employment. prosperity, growth and emlo ment. ., ., employment. you can find more on the bbc _ employment. you can find more on the bbc news _ employment. you can find more on the bbc news website. - now, us stocks closed little changed on monday, as investors looked ahead to that federal reserve decision we've been telling you about. one exception were major covid—19 vaccine manufacturers, which saw their shares fall after the latest projection for how many americans are looking to get a shot this year. 0ur north america business correspodent, erin delmore, has the latest from new york.
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gone are the days when americans couldn't wait to get a covid—19 shot in their arms. 0nly around 24% of the us population — that is some 82 million people — are expected to get a covid shot this year. that's the production from pfizer cfo david denton at a conference on monday. he also noted that around 50% of eligible americans get a flu shot — that's nearly double his estimate for the covid vaccine. shares of vaccine makers fell in response to the forecast, with pfizer stock down more than 1% and motor in it down more than 8%. pfizer has said it's looking for ways to cut costs if the keeps falling. meanwhile the us is set to kick off its fall vaccine campaign after the usda recently updated democrat issued updated covid vaccines from pfizer and moderna. this is in the first time the american public has proved reluctant to get a covid
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shot. 0nly proved reluctant to get a covid shot. only 65 million people got updated booster shots when they were last offered, that's just about 17% of the population.- just about 17% of the --oulation. ., .., . population. you can find much more on that _ population. you can find much more on that story _ population. you can find much more on that story as - population. you can find much more on that story as well- population. you can find much more on that story as well as l more on that story as well as the other headlines on the bbc news website. and that's it for this edition of asia business report. thanks for watching. stay with bbc news. bbc news — bringing you different stories from across the uk. this heavy machinery is working to protect the wildlife that lives and relies on this internationally—important nature reserve, famous for its freshwater habitats. but now, it's a race against time to stop it being flooded by the sea. it's one of the first points that birds actually come across on their migration. it's the first bit of land they see, so they want to come here, they want to get a rest, feed, drink. storms moved the shingle bank and blocked it — so now, along this line, they plan to build a new
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drainfurther inland. if we move the new cut in the 100—150 yards or so that we're doing, then we should be able to protect the freshwater habitat here from saline surges for, hopefully, up to the next 100 years. what we've got was here is little curlews, little sandpipers, green sandpipers. bernard bishop was the warden here for more than 40 years. well, i suppose you could say i'm excited by it. never thought i'd see this being done. the wildlife and habitat would have been lost without the funding from the environment agency and donations. as we have this freshwater, brackish and saline marsh here, we want to keep that because it's the most diverse habitat that we could have along this stretch of coastline. for more stories from across the uk, head to the bbc news website. hi, i'm ellis,
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with the catch up! first up — russell brand's live tour has been postponed after accusations of sexual assault by four women. a documentary over the weekend contained stories from different women about his behaviour. it was part of an investigation between channel 4, the times, and the sunday times. russell brand denies the allegations. the bbc�*s spoken to one of the women from the documentary known as "alice". alice claims russell brand assaulted her when she was 16 and still at school. this was her reaction to his denial. first of all, i think it's insulting. and it's laughable that he would even imply that this is some kind of mainstream media conspiracy. since the weekend, more women have come forward with stories about things they claim russell brand did. and the met police say they've received a report of an alleged sexual assault in soho, central london, in 2003. if you've been affected by any of this, you can visit the bbc action line website
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for help and support. some other stories now... parts of england have experienced significant flooding in the last 48 hours. the coastal town of minehead, in somerset was badly affected. its butlins holiday resort was forced to close. and at the rugby world cup, fiji beat australia forjust the third time in their history. it was fiji's first—ever world cup win over the wallabies. time now to leave you with ten seconds of rescuing robots. delivery robots used by the co—op supermarket in cambridge found their path blocked by firefighters tackling a building blaze. but the crew helped them on their way! you're all caught up, bye for now!
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hello, and welcome to sportsday — i'm betty glover. promoted burnley get their first premier league point of the season by drawing with nottingham forest. newcastle's two—decade long wait is nearly over — we look ahead to this week's return of the champions league. and how dan evans' davis cup performance can inspire britain to more tennis success.
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hello, and welcome to sportsday. we'll start with the premier league — and burnley have got their first point of the season, after drawing 1—1 with nottingham forest. vincent kompany�*s side opened the scoring through zeki amdouni's 20—yard strike in the first half, before callum hudson—0doi got the equaliser on his debut for forest. it wasn't without its drama, though — burnley�*s lyle foster had a goal disallowed for handball which would've put them back in the lead, before being sent off in stoppage time with a straight red. this result means burnley stay in the relegation zone, while forest move out of the bottom half of the table and up to eighth.
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