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tv   Asia Business Report  BBC News  October 5, 2023 2:30am-2:46am BST

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hello and welcome to asia business report, with me, arunoday mukharji. to india now, which is set to host the 13th cricket world cup, after 12 years on home soil, starting today. it is an event also likely to generate big business across various sectors. from mumbai, my colleague nikhil inamber, with this report, on how the world cup will impact india's economy. when they say cricket is a religion here in india, that is not in evidence just on big cricketing fields and grounds like these, as the world cup begins here in this country, it's cities like ahmedabad where india will face off against pakistan, people have begun booking hospital beds, and why is that? because there are no hotels available. they have all been sold out. in fact, airline ticket prices, hotel room rates, they have all shot through the roof on key match dates, up three to five times the usual.
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and that tells you the world cup could be a big bonanza for businesses, coming at an opportune time when indians have already begun losening the purse strings ahead of the big festive season. even online food delivery companies and streaming apps could benefit substantially, as millions tune in, with their food and drink to watch the matches. some reports even suggest that disney, the official media partner, has tied up with as many as 20 brands for sponsorship deals across online and tv platforms. this is clearly notjust a game, notjust religion, but a big, big money spender. to new york, where the trial of crypto giant samuel benjamin bankman—fried is under way. prosecutors and his defence team both made their opening statements to jurors in was expected to be a six—week long trial. our north american business correspondent erin delmore reports.
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the prosecution and defence offered the newly selected jury duelling narratives that are set to define this trial, asking them to decide whether sam bankman—fried was a hapless but well—intentioned ceo in over his head, or a conniving crypto king, intent on defrauding customers for his own gain. mr bankman—fried's trial as a flashpoint in the ongoing battle over how crypto should be regulated in the united states, with mr bankman—fried, once the poster boy for ethical and responsible management of digital markets, on trial for fraud and money laundering. at the heart of the case, whether mr bankman—fried unlawfully used customer deposits from his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda research, and to enrich himself and his inner circle, he has pleaded not guilty. a recent study has revealed that 1.4 million australians are likely to quit theirjobs next yearfor a number of reasons, including
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fatigue as well as rising cost of living. the same study also showed a 46%jump in insurance claims relating to mental health, compared to before the pandemic. these findings were made by insurance provider, allianz, and its general manager says that they are seeing a lack of engagement and large staff turnover rates. the key take—aways are the changing economic pressures in the workforce, allianz�*s research has identified there needs to be a workplace realignment, based on those changing economic pressures that most people are under in the current economic climate, and what this is leading to is employer disatisfaction because of pressures that they are under and imperatives that they're now facing so we see higher and mental health support perspective as well as providing that support from a career and
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reward perspective. you say the cost of living was playing a part in houses how is it contributing to the disconnect that we are seeing? rising cost of inflation. and employers previously would look at what they would do in the workplace and work practices and it is no longer restricted to what is happening within the workplace and now considered what is impacted and outside work and outside perspective. pressures driven by circumstances and the rise in the cost of living and through renumeration. and some other ways they look
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at doing that is through their remuneration. so what it really means for an employer is what can they actually do to provide clear progression for their employees so they stay within the business but they can also see an improvement in the economic circumstances. discounts on employee benefits or discounts on different products that you can actually alleviate some of the financial pressures people are under. shares in north korea in dusan robotics have opened. they are above their price. the company raised $370 million having price the shares are roughly $19 each at the top of the range flag to investors. it is a leading maker of collaborative robots that work side—by—side with human, such as robot arms that can perform assembly, loading as well as welding.
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social media app tiktok has suspended its online shopping services in indonesia and the company passed legislations to split its retail and video sharing features in the country. the rules are aimed at protecting small and medium enterprises including off—line merchants. tiktok said in the statement it will work with officials in in its future plans. clorox has forecast a reported loss after a cyber attack in august caused outages. the company now expects its loss per share to be between 75 cents and 35 cents in the first quarter, ending 30th september. the uk's prime minister has pledged billions of dollars for transport projects across the country, after scrapping the northern leg of the hs2 high—speed rail link. rishi sunak said in a speech at the conservative party conference that more than $24 billion will be spent on alternative rail,
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road and by schemes instead. it came after he confirmed that the birmingham manchester real lake of the project would be ditched, after weeks of speculation. he also said the decision was due to huge costs, as well as long delays. drones have often been touted as a technology that could speed up the transport of goods, save time as well as money and energy, but how close are we to using them for our everyday tasks. well,, in denmark, one energy provider and a transport firm are trying out drone deliveries to offshore wind farms. adrian marie headed out into the sea between denmark and sweden to watch the first test flight to the top of the turbine. this battery powered drone is heading to a wind farm. loaded with a spare part. taking off vertically, much like a helicopter, it can carry
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two to three kilograms, up to 100 kilometres. 0nce two to three kilograms, up to 100 kilometres. once in the air it can fly autonomously and we are tracking its journey by boat. are tracking its “ourney by boat. ~ . . are tracking its “ourney by boat. . ., ., ., ., boat. we have an algorithm that does intelligent _ boat. we have an algorithm that does intelligent path _ boat. we have an algorithm that does intelligent path planning, | does intelligent path planning, it shows where the wind is coming from, where it should approach the turbine from and then automatically calculates a path along specific points. there are more than 100 turbines, each precisely mapped, and the drone is programmed to pinpoint the right one. we programmed to pinpoint the right one-— right one. we are about 20 kilometres _ right one. we are about 20 kilometres offshore, - right one. we are about 20| kilometres offshore, closely following the drone's flight path, and right behind me is the turbine where it is about to make its delivery. at the turbine where it is about to make its delivery.- to make its delivery. at -- after detecting _ to make its delivery. at -- after detecting the - to make its delivery. at -- after detecting the target, | to make its delivery. at -- - after detecting the target, the drone closes in for the drop. bull's—eye. applause it's the first time this type of drone delivery has been done before. and the idea is to
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speed up repairs, saving downtime, fuel and costs. we want to have _ downtime, fuel and costs. - want to have parcels delivered with drones on a daily basis, so we don't need to bring a vessel out. it could save that one day of production or even several days of production are not lost due to the turbine standing still.— not lost due to the turbine standing still. drones have already been _ standing still. drones have already been used - standing still. drones have already been used for- standing still. drones have - already been used for emergency medical aids and could take on tasks in hard to reach or risky locations, but there are still barriers to overcome. we have so far focused _ barriers to overcome. we have so far focused offshore - barriers to overcome. we have | so far focused offshore because there are a lot of use cases and it is easier to get flight permits, but offshore oil rigs, ivanschitz moving is the natural next step for us. drone deliveries _ natural next step for us. drone deliveries have _ natural next step for us. drone deliveries have been _ natural next step for us. drone deliveries have been much - natural next step for us. drone i deliveries have been much hyped in the past but it has taken a while to get to where we are today, so why is that? the technology _ today, so why is that? the technology is _ today, so why is that? the technology is moving - today, so why is that? tue: technology is moving very quickly and the legislators are struggling to keep up, and that needs a little more fish to get
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going. tt needs a little more fish to get anoin. ., needs a little more fish to get oiiin_ ., , needs a little more fish to get iioin. . , ., going. if that happens, regular drone deliveries _ going. if that happens, regular drone deliveries over- going. if that happens, regular drone deliveries over danish i drone deliveries over danish waters could soon be taking flight. adrian mariappa, bbc news. before we go, a quick look at the nicky, which seems to have eased a bit up by 0.8% this morning. japanese stock seems to have eased after being rattled. that is it, thank you for watching. bbc news, bringing you different stories from across the uk. doug has cystic fibrosis. 11 years ago he was on a waiting list, desperately needing a new pair of lungs. you can say, if i have it will it work? but you can also say with very, very great certainty, if i do not have i will not be here any more. three years ago, in 2020, the law changed so that all adults in england
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are now considered as having agreed to donating their organs when they die, unless they have recorded a decision not to. but, despite the law change, the consent rate is down. it is very special to die in the circumstance that allows you to become a donor. it is probably only about 1% of deaths in the uk. you're much more likely to need a transplant in your life than you are to die in the circumstances that allows you to become a donor. i would not have seen my son's birth. i would not be able to be part of my family, be with my friends. my donor's family were presented with such a difficult choice at such a difficult time and to have the courage to make that decision is just remarkable and i will never be able to explain how grateful i am. for more stories from across the uk, head to the bbc news website.
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hi, i'm ellis with the catch up. tonight, deep fakes used in scans. klopp wants replay, after var scandal. and ed sheeran celebrates in ipswich. but first, rushi sunak has confirmed the scrapping of the northern part of the high—speed rail link to manchester. speaking at the tory party conference, the prime minister pledged to reinvest every penny in other transport routes across the country. sunak also proposed plans to phase out smoking, by raising the age where people can buy cigarettes in england every year. vaping products will also be restricted for kids, he said he will look at flavours, packaging and other things as well. and a new qualification combining the a levels and t levels for england was unveiled. some other stories now. the uk and ireland are no longerfacing any competition in their bid for football's euro's 2028
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tournament, that's after turkey withdrew to focus on a joint bid with italy for euro 2032. 0fficial approval from uefa will come next week. mr beast, the world's biggest youtuber and two bbc presenters have had their images used in deep fake videos to promote scams to unsuspecting people online. and liverpool manager juergen klopp says he wants his side's game against spurs to be replayed after a goal was wrongfully decided by var on saturday. time to leave you with ten seconds of ed shearing time to leave you with ten seconds of ed sheeran because after a busy night pouring pints at portman road, the pop starjoined top of the championship's ipswich dressing room celebrations after their win on hull city last night. you're all caught up. bye for now.
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hello and welcome to sportsday with me, tanya arnold. they've waited 20 years for a champions league night at st james's park, and what a night they've had, thumping paris st—germain. a world cup across three continents. fifa's controversial decision
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for the men's 2030 tournament. as we count down to the cricket world cup, could england begin the defence of their title without ben stokes? it has been a night to remember for newcastle united fans. it's been 20 years since they had a champions league match at st james's park. the french champions paris st—germain were the vistors but they were no match for magpies who beat them 4—1. ben croucher was there. many of the fans leaving stjames' park behind me were not even born the last time newcastle played in the champions league. it's been 20 years in the making, it has been well worth the wait.
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paris saint—germain including kylian mbappe were simply blown

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