Skip to main content

tv   Asia Business Report  BBC News  October 2, 2023 12:30am-12:46am BST

12:30 am
the largest economy. entering the fed lady disrupts the way he used cars are sold in southeast. we begin this morning in the us within the federal government has avoided a partial shut in both the house and senate have agreed on a spending bill for 45 days. or give politicians a bit more time and flexibility to try and agree on a deal to fund the government to the 30th september 202a. fund the government to the 30th september2024. kevin fund the government to the 30th september 202a. kevin mccarthy submitted the legislation in defiance of hard—liners in his own party who say they will not derail the process. joe biden urged all members of congress to do what it takes to avoid a government shutdown. we should not be here. _ government shutdown. we should not be here, we _ government shutdown. we should not be here, we should've - not be here, we should've gotten here in the first place. it's time to end the governing by crisis and keep your word
12:31 am
when you give it in congress. a few months ago after a long negotiation between myself and republican speaker of the house of representatives, we tend to agree on a budget agreement precisely to avoid a manufactured crisis that we have just witnessed. of the last few days and weeks, extreme republicans tried to walk away from that deal footing for deep drastic spending cut that would've been devastating for millions of americans. they failed again and we stopped them. but i'm under no illusions that they will be back. we under no illusions that they will be back.— will be back. we have 45 days and kicking — will be back. we have 45 days and kicking the _ will be back. we have 45 days and kicking the can _ will be back. we have 45 days and kicking the can down - will be back. we have 45 days and kicking the can down the| and kicking the can down the road — and kicking the can down the road and _ and kicking the can down the road and i_ and kicking the can down the road and i feel as though there will be — road and i feel as though there will be relatively positive for the market opening and trading and certainly for the next couple _ and certainly for the next couple of weeks. so, overall,
12:32 am
it is— couple of weeks. so, overall, it is a — couple of weeks. so, overall, it is a short—term reprieve from — it is a short—term reprieve from will— it is a short—term reprieve from willjust have to see where _ from willjust have to see where it _ from willjust have to see where it is 45 days.- from willjust have to see where it is 45 days. they said i should tumble _ where it is 45 days. they said i should tumble hurt - where it is 45 days. they said i should tumble hurt us - where it is 45 days. they said | i should tumble hurt us credit rating and what is this sending to foreign governments? fix, bit to foreign governments? a bit of fear and — to foreign governments? a bit of fear and every _ to foreign governments? a bit of fear and every government needs— of fear and every government needs to _ of fear and every government needs to be conscious of and the negative market and in turn can create — the negative market and in turn can create pressures how it's interpreted by not only the retail — interpreted by not only the retail but certainly from sovereign wealth and governments. sovereign wealth and covernments. . . ., ,, governments. entrance of the us econom , governments. entrance of the us economy. how — governments. entrance of the us economy, how was _ governments. entrance of the us economy, how was in _ governments. entrance of the us| economy, how was in comparison to other economies in europe or china which, how's the us being viewed by investors? tiny;i viewed by investors? they ca able viewed by investors? they capable a _ viewed by investors? they capable a bit _ viewed by investors? they capable a bit of— viewed by investors? they capable a bit of the - viewed by investors? they capable a bit of the hot. viewed by investors? they - capable a bit of the hot steam but performance is strong in consumer— but performance is strong in consumer confidence is relatively strong in the fourth
12:33 am
quarter— relatively strong in the fourth quarter will be interesting with— quarter will be interesting with naturally rolling into christmas at the moment, it's relatively— christmas at the moment, it's relatively bulletproof which the desert the seal runs. international coffee day and drinking around 1.6 billion cups a day. the industry is around $500 billion globally yet, the majority of coffee farmers are living in poverty. worldwide, project 20 5 million people depend on consigli for their livelihoods but despite their livelihoods but despite the rise in prices, farmers are still struggling with inflation and production costs and also the effects of climate change. the bbc spoke to the global ceo of fair trade international and as what challenges coffee farmers are facing right now. it is very expensive and specifically because you look at the income cost of coffee which comes from yields of
12:34 am
fertility and the challenge right now is the prices, the last price is not factored in the cost of production in living in the cost of households requirement of medication and because he specifically look at addressing presents for coffee and premium of the sales of coffee and crisis and the cost—of—living and how the last price with take into consideration, the cost—of—living for producers when sending the products. find when sending the products. and that's what _ when sending the products. and that's what you _ when sending the products. and that's what you increase the price but given the economic environment we are and in many countries around the world are experiencing the same inflation, cost—of—living pressures was another risky move to do that? it pressures was another risky move to do that? it depends on how ou move to do that? it depends on how you look — move to do that? it depends on how you look at _ move to do that? it depends on
12:35 am
how you look at it. _ move to do that? it depends on how you look at it. when - move to do that? it depends on how you look at it. when i - how you look at it. when i think of fair trade, it's everybody�*s business. i think it's important that all consumers take into consideration that they have to be a part of the shared responsibility of production on the ground and from consumer and shopper and part and parcel of building responsible business practices and also it is based on thought that we have extensive consultation to understand what needs to be addressed to improve for coffee and also livelihood for the families. a common agreement that we need to set a new minimum price that x is a safety net to producers themselves especially at the price of skyrocketing costs across the board. the used
12:36 am
market is _ across the board. the used market is being _ across the board. the used l market is being transformed over the past few years with the surgeon people using online platforms. one of the leading regional players was established in malaysia in 2015 is expanded to countries like indonesia, thailand and singapore. a correspondence site down the chief executive and asked what is really driving this kind of expansion. we people spend less to make a position— we people spend less to make a position to buy a car, given it's— position to buy a car, given it's getting more and more confident in what they get online _ confident in what they get online. a lot of the behaviours especially _ online. a lot of the behaviours especially on a platform, we see about 30% of the people who are playing online and we do not see _ are playing online and we do not see the car, who were injured _ not see the car, who were injured consumers using the platform. any market like malaysia, indonesia and thailand, where you get your job. —
12:37 am
thailand, where you get your job, your— thailand, where you get your job, your first pay cheque, i thihk— job, your first pay cheque, i think it _ job, your first pay cheque, i think it represents notjust social— think it represents notjust social mobility at the same time, — social mobility at the same time, for— social mobility at the same time, for them to do theirjob and— time, for them to do theirjob and essentially without rising middle — and essentially without rising middle class potential for us to bring _ middle class potential for us to bring up more, expanding the business — to bring up more, expanding the business market. be to bring up more, expanding the business market.— business market. be see an enormous _ business market. be see an enormous amount - business market. be see an enormous amount of- business market. be see an - enormous amount of investment in southeast asia and how was i going to affect your business that this juncture, anyone, going to affect your business that thisjuncture, anyone, but what was lacking in southeast asia was the supply chain and if you want to change a battery, a if you want to change a battery.— if you want to change a battery, if you want to change a batte , ., ., ., ., , ., battery, a lot of money and also a lot — battery, a lot of money and also a lot of— battery, a lot of money and also a lot of unknown - also a lot of unknown issues that— also a lot of unknown issues that can _ also a lot of unknown issues that can pop up when it comes to maintenance. these other things— to maintenance. these other things i— to maintenance. these other things i think we are also learning _ things i think we are also learning and at the time, along with the — learning and at the time, along with the principles and it's still— with the principles and it's still going to come in at a
12:38 am
much _ still going to come in at a much more bigger volume over the next — much more bigger volume over the next few years but what about — the next few years but what about the future of the car more _ about the future of the car more generally? the concerns of net zero — more generally? the concerns of net zero in — more generally? the concerns of net zero in— net zero in europe in cities that are — net zero in europe in cities that are towards _ net zero in europe in cities that are towards a - net zero in europe in cities that are towards a carbon l net zero in europe in cities - that are towards a carbon free future that must be a concern for you. future that must be a concern foryou. is future that must be a concern for you. is that something that you have to adapt to?- you have to adapt to? moving into a carbon _ you have to adapt to? moving into a carbon free _ you have to adapt to? moving l into a carbon free environment, it's going — into a carbon free environment, it's going to be taking this more _ it's going to be taking this more than ten years to do so given— more than ten years to do so given the _ more than ten years to do so given the public transport infrastructure and many other markets, _ infrastructure and many other markets, and other things operated, it's impossible for you to — operated, it's impossible for you to travel and i think fundamentally, that so it works and that — fundamentally, that so it works and that you were required to have — and that you were required to have a — and that you were required to have a car— and that you were required to have a car and it's not something that can be solved easily— something that can be solved easily and you can travel. but
12:39 am
we are expecting _ easily and you can travel. elf we are expecting this week is there a couple of central meetings that are likely to be under way as well as key data to the japan and the west and monday morning with the bank of japan is to to release its latest business centres among large manufacturers and economists are expected to see some sort of improvement for the second straight quarter. on tuesday, the reserve bank will be home with its monthly meeting and on the cost of borrowing, will be the first meeting for the governor who came into the role in the middle of september. and finally, rounding of the week will be india, central bank is at the sites in interest rates on friday and the consensus is the rbi is likely to be on hold. on friday, the first friday of the month, we're looking at the jobs market update for the biggest economy for the month of september. keep a close watch and that is expected to the week. the other
12:40 am
story is china a possible his new home prices after experiencing a four—month client and officials are reporting the prices rose 05% during the month and developers are working quickly to get new on the market. and those which account for one of economic activity has been hit since 2021, when beijing cracked down on debt by developers. that is all we have for you on this addition. thank you very much and stay with bbc news. might make it all began when hisjob is under threat might make it all began when his job is under threat and might make it all began when hisjob is under threat and he turned and on myjournalism exposing fake news largely to the embarrassment of russia. it
12:41 am
is smartphones which have changed everything combined with tools on the internet and everyone can be telling the difference between real and fake. ., ., ., ., ., fake. information that we do not have _ fake. information that we do not have 20 _ fake. information that we do not have 20 years _ fake. information that we do not have 20 years ago - fake. information that we do | not have 20 years ago allows the staff investigations on criminal attacks in syria and conflict in ukraine. slay a bit before the air strike and following on the next day as it's happening. lt’s following on the next day as it's happening. it's absolutely crucial for _ it's happening. it's absolutely crucial for those _ it's happening. it's absolutely crucial for those who - it's happening. it's absolutely crucial for those who are - crucial for those who are actually _ crucial for those who are actually be _ crucial for those who are actually be more - crucial for those who are i actually be more optimistic crucial for those who are - actually be more optimistic and can seem — actually be more optimistic and can seem quite _ actually be more optimistic and can seem quite an— actually be more optimistic and can seem quite an area - actually be more optimistic and can seem quite an area of- can seem quite an area of study _ can seem quite an area of study. what— can seem quite an area of study. what he _ can seem quite an area of study. what he is- can seem quite an area of study. what he is doing . can seem quite an area of study. what he is doing is talking _ study. what he is doing is talking about _ study. what he is doing is talking about the - study. what he is doing is i talking about the potential. education _ talking about the potential. education is _ talking about the potential. education is the _ talking about the potential. education is the key - talking about the potential. education is the key in - talking about the potential. education is the key in the i education is the key in the fight against misinformation. we see people using the internet at younger ages and showing them how to have a
12:42 am
positive impact on the discourse and this is going to leave them down nasty rabbit holes.
12:43 am
a lot has changed since starting the apprenticeship in 1963. he was the prime minister and the beatles had onlyjust released their debut album stop you up at the lights back on and. he is 75 and has been working on the overhead power lines across kent and sussex for 60 years. you'll make it that it be long gone by now, but the print of come calling but the print of come calling but i'm still here. ls but i'm still here. is absolutely - but i'm still here. is absolutely incredible he still
12:44 am
does — absolutely incredible he still does the job he does we haven't seen _ does the job he does we haven't seen anybody else order and still going and working and still— still going and working and still keeps the youngsters and check — still keeps the youngsters and check. ., , ., ' ' j~ check. the great storm in 1987 which took _ check. the great storm in 1987 which took almost _ check. the great storm in 1987 which took almost three - check. the great storm in 1987| which took almost three weeks to completely restore the power. to completely restore the .ower. , . , ., ., power. devastating for the network and _ power. devastating for the network and bringing - power. devastating for the network and bringing the l power. devastating for the - network and bringing the lines down in the polls snapped off and on the ground, it was a majorjob to get it all rebuilt.— majorjob to get it all rebuilt. �*, . ., ., , rebuilt. it's clear nothing is stopping — rebuilt. it's clear nothing is stopping him _ rebuilt. it's clear nothing is stopping him anytime - rebuilt. it's clear nothing is | stopping him anytime soon. rebuilt. it's clear nothing is - stopping him anytime soon. i'm not stopping him anytime soon. l�*rn not planning retirement and so, i'll keep plodding on. hello and welcome to sportsday — i'm karthi gnanasegaram a rollercoaster of emotions on the final day as europe regain the ryder cup in rome
12:45 am
clinging onto the hope of a quarterfinal place — australia beat portugal but could still get knocked out of the rugby world cup at the group stage record crowds and a win for defending champions, chelsea, on the opening day of the women's super league hello and welcome along to the programme, where we'll start in italy where europe have won the ryder cup beating the usa, despite the american team ensuring some final day drama in the singles. the winning moment fell to tommy fleetwood, as europe claim a seventh straight ryder cup at home winning this one by 16 and a half points to 11 and a half. andy swiss reports from rome. the final score line is
12:46 am
certainly emphatic in europe's

51 Views

info Stream Only

Uploaded by TV Archive on