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tv   Asia Business Report  BBC News  October 19, 2023 12:30am-12:46am BST

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as leaders meet in beijing for a major infrastructure summit, we assess the impact of chinese investment in south east asia. hello, and welcome to asia business report. i'm arunoday mukharji. the us president has announced $100 million in aid for those displaced by the war in gaza. joe biden said he would ask congress this week for the funding to be folded into a massive $100 billion package. mr biden has now left israel — he arrived just hours after a massive explosion killed hundreds of people at a hospital. it's not clear who was responsible for the deadly blast. meanwhile, the us treasury is targeting hamas�* financial network, saying it has sanctioned two senior members of the armed groups�* leadership. today, i'm also announcing $100 million in new us funding
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for humanitarian assistance in both gaza and the west bank. this money will support more than one million displaced and conflict affected palestinians, including emergency needs in gaza. the conflict in the middle east remains our focus here on the conflict in the middle east remains ourfocus here on bbc news, but let's move on to netflix. netflix shares are up after the company reported a boost in subscriber growth. the streaming platform now has more than 240 million subscribers, adding 8.7 million of them sincejune. 0ur north america business correspondent michelle fleury has the latest from new york. it's been less than six months since netflix started to crack down on password sharing, and it appears to be working because it shows like the which are help it retain its customers while new pricing options on offer, including a less extreme wing democrat expensive —— a less expensive
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plan pot the streaming giant said it was a priority for the company. they plan to roll out lots of new products in the next months ahead. "the next episode is commercial free, made possible by such and such brand." netflix also raised the price of its basic and premium options in the us, the uk and france, counting on committed viewers who hate ads. still the quarter hasn't been without its challenges, like the ongoing actors strike here in america. netflix said it spent less on content this year as a result of the walk—out. tesla also reported results for thejune to september quarter, with both profit and revenue coming in below expectations. tesla is trying to survive a price war it started injanuary, even as demand for electric vehicles dips as a result of high interest rates.
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tesla said it has begun pilot production of the much—anticipated cybertruck, with the first deliveries scheduled for november. but owner elon musk said he doesn't expect significant cashflow from the much—anticipated vehicle for some time. leaders from the so—called global south are meeting in beijing this week to discuss president xijinping's ambitious belt and road initiative. one of the most recent projects is a high—speed railway in indonesia. but, like many china backed projects, it's not been without controversy. 0ur asia business correspondent nick marsh was one of the first to take a ride, and sent us this report. this is the fastest train in all of southeast asia, it certainly faster than any train in the us or the uk. right now i'm injakarta, and i'm heading to been doing. if we were driving, it would take about three hours. but with whoosh, it'll take 45 minutes. but actually, this really wasn't supposed to have been built by china. japan, with their famous rail system, where the heavy favourites to win the bid, saying that they would finance the process democrat project at 0% interest, but they did need
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a guarantee from the indonesian government that they would step in with money if anything went wrong. but then china came in with a counter offer, saying "we will build this cheaper and quicker, and no guarantee from the indonesian government." but they did want to present interest on their loan. indonesia picked china, to many people's surprise, but in the end this project is three years late, $2 billion over budget, and the interest rate has gone up and the interest rate has gone up to 3.4%. 0h, and the interest rate has gone up to 3.4%. oh, and the indonesian government did have to fork out some money in the end. that was pretty fast, i gotta say. and to be fair, this isn't the first railway line in the world that's late or over budget. countries like indonesia are hungry for intranet democrat infrastructure and china can provide the infrastructure. when it goes well, it's a win—win. the problem is when things don't go according to plan its, the risks do seem to be a will one sided, but that's
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something indonesia was willing to except when itjumped on the bri train. the intelligence agencies from the united states, britain, canada, australia and new zealand — known as the five eyes — have issued a rarejoint statement accusing china of using artificial intelligence for spying operations. the comments were made following meetings with private companies in the us innovation hub of silicon valley. let's get more now from our business reporterjoao da silva. joao, is this the first time we are hearing about al being used for espionage purposes? well, we have long been hearing about the game changing potential of artificial intelligence. when it comes to cyber security and cyber threats, it is the first time we hear it from the spy chiefs of these five nations simultaneously as they singled out china for its espionage. it's also quite interesting, the location, silicon valley, the location, silicon valley, the heart of the american invasion in america's tech industry. so clearly this is a
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warning to the private sector, to the world's largest tech companies. the statement from those spy chiefs was clear, that china has long been targeting businesses with hacking and human intelligence operations, and saying that industries of the cutting edge of technology like artificial intelligence in quantum computing are prime targets for these operations. haw computing are prime targets for these operations.— computing are prime targets for these operations. how has china responded? _ these operations. how has china responded? china's _ these operations. how has china responded? china's response . these operations. how has china| responded? china's response has been standard, _ responded? china's response has been standard, saying _ responded? china's response has been standard, saying there's - been standard, saying there's nothing to see here, a chinese government spokesperson said china remains committed to protecting intellectual property, which is pretty much in line with the narrative from chinese authorities that any such accusations of hacking are part of a misinformation campaign aimed at undermining and containing china's economic rise. . ., ., amazon is planning to start using drones for deliveries in the uk from next year.
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they are already operational in some parts of the us. the bbc�*s business correspondent emma simpson managed to get an exclusive glimse to see just how the service works in a small town in california. you know what it's like waiting for an online order, wondering when the van is going to turn up. but look into the distance. this one's coming by air. in the small town of lockeford, california, amazon is using drones to deliver packages to customers. and this service is coming to the uk too. jeff loves it. it's fun. i never thought i'd be getting packages delivered in my back yard. when you order it, we see it within 20 or 30 minutes. it's obviously quicker than having to run to the store and getting the stuff. what about the noise? the noise is a little loud, but it doesn't disturb me. mission accepted. checks complete. launching. so how does it work? so now the exciting bit. we're the first to see
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behind the scenes at amazon's launch facility. here's a parcel going out. it can't be bigger than a shoe box, nor weigh more than 5lbs. the drone can reach customers up to three and a half miles away. the rules are strict. each flight is monitored, and there is a human eye keeping tabs on it too. a flying robot that knows exactly where to go. how does it know not to bump into anything? 0ur sense and avoid technology will observe a threat in the sky or on the ground, make a course correction and safely find a path to deliver to customers. drones are never going to replace vans, but this is a glimpse of the future. 0nline deliveries in just minutes. and here, at this amazon site in seattle, a new drone is being unveiled. this is a drone coming to the uk. it's smaller, it's lighter. it travels further and most importantly,
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it's at least 40% quieter than our previous drone. is that safe? it's absolutely safe. it is hundreds of times safer than driving to the store. just one location to begin with. exactly how and where it can fly has still to be worked out. we'll scale slowly. we'll scale with communities, and we'll scale based on what our regulatory approvals are. amazon believes the demand is there. here in america, though, progress hasn't been quick, but it's got big ambitions, aiming for 500 million global drone deliveries by the end of the decade. emma simpson, bbc news, lockeford, california. emma simpson reporting. let's take you through what's happening in the role of markets, giving you a quick glimpse of how the american markets were looking, the nasdaq down by 1.62, s&p 500
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down by 1.3 pointjust1.3%, we will see this play out as far as market reactions and investor sentiment is concerned, and that is likely to be the sentiment for a while as we've been saying, that there is still no end in sight as far as the conflict is concerned. but find more on those numbers on the bbc news website. and that's it for this edition of asia business report. thanks for watching. do stay with us. bringing you different stories from across the uk. 15—year—old leonie axhorn, from merthyr tydfil, has made so many of these bracelets. she has autism, and creating the delicate patterns requires intense focus, calming her down after a difficult day. she was diagnosed when she was 11, but it took years to get support. how many times have
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i cried at you not to go? to school — loads. mum, julie, and cat tibbs have seen so many lows as leonie struggled in mainstream school. earlier this year, it all got too much and she tried to take her life. merthyr tydfil county borough council said the school had put in place "numerous strategies, interventions and adjustments" to allow this young girl to manage the school environment and to support her learning. they added that it's recognised by all that there is "considerable increased demand" in both the education system and health system to ensure that support for learners with specific needs is "accessed in a timely manner". leonie isn't alone in facing issues — she's one of more than 10,000 people who have signed a petition calling for the reform of the additional learning needs tote demo code. the welsh government said equity and inclusion are central to their education
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reforms, and they've announced £20 million to improve the inclusivity of learning environments. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up! tonight — food's getting cheaper, but fuel�*s going up, coleen rooney dishes on wagatha, and a bear helps himself to a treat. but we're starting with yesterday's explosion at a hospital in gaza. it's reported hundreds of people were killed, and hamas blamed israel. now israel's military say the explosion was caused by a failed rocket, launched by a group called palestinian islamichhad. the us president, who's been visiting israel, has backed that view. experts are still trying to work out exactly what happened. next — campaigners say under—18s are going to wales for botox and lip—fillers. it was banned in england in 2021, but not in wales. some people want to change that, though. ruby agrees there should be age limits. me, 2—3 years ago, probably
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wouldn't have care as much about the future outcome of it, as i as much as i do now. some other stories now — food and drink is getting cheaper, with prices falling for the first time in two years. petrol prices have gone up though, so overall inflation is staying the same. next — coleen rooney has revealed more details of her "wagatha christie" investigation, ahead of a new documentary. coleen suspected rebekah vardy had been leaking private information about her, because she'd worked for the sun newspaper before. vardy denied leaking stories and sued, but lost her case. time now then for ten seconds of a very cheeky bear going into a house in connecticut, and helping himself to some lasagne out of the freezer before leaving through the window. i think he did very neatly, to be fair, it was pretty calm. you're all caught up now, see ya later!
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hello, and welcome to sportsday. i'm mimi fawaz. new zealand continue their winning run at the cricket world cup by thrashing afghanistan. jenni hermoso is named in the spain squad for the first time since winning
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the world cup. the semi—finals of the rugby world cup are approaching. we'll bring you the teams for the huge match between argentina and new zealand. new zealand continued their winning run at the cricket world cup with a thumping 149—run win over afghanistan in chennai. afghanistan had the better of the early proceedings, taking three wickets in nine balls, to leave new zealand struggling at 110 for four. but a solid partnership between captain tom latham and glen phillips of over 100 steered them towards a 288 total. the bowlers then took over with a clinical performance, as afghanistan were all out for 139 in reply.
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we know that every game's a tough game.

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