tv Verified Live BBC News October 19, 2023 4:30pm-5:00pm BST
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hour as yourfriend. we will stand with you in solidarity, we will stand with your people... this is not merely our battle. it's batlle of entire civilized world. aid agencies warn — gaza is in need of far more aid than promised so far. the un humanitarian chief says, about 100 lorries will be required every day. frustration — as trucks loaded with supplies — remain stuck at the border crossing point with eygpt. the families of some of the hostages — make another appeal. israel's military says 203 people are now thought to have been taken by hamas. they are innocent civilians, innocent _ they are innocent civilians, innocent children, in hard conditions, they need to be released, and released now. more on all of that in a moment or two, but first, let's catch up with
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the business news of the day. good afternoon, lukwesa. thank you, matthew. we start in the us where the head of the central bank, is due to speak in the next hour — and markets will be the next hour and markets will be hanging on every word. this is the last speech from the federal reserve boss ahead of their meeting at the end of the month where they are due to make the next big call on interest rates. and where the fed leads much of the world's other central banks may follow. michelle fleury is in new york for us. so, it's all about what happens next, but michelle we're also going to be very keenly listening, or rather, energy markets, paying very close attention to what mr power says because of the conflict between israel and gaza?— israel and gaza? yeah, and i think --eole israel and gaza? yeah, and i think peeple are — israel and gaza? yeah, and i think people are waiting _ israel and gaza? yeah, and i think people are waiting eagerly - israel and gaza? yeah, and i think people are waiting eagerly for- israel and gaza? yeah, and i think people are waiting eagerly for the | people are waiting eagerly for the speech to see what he is going to say about the direction of travel for interest rates, which, they have been raising over the last year, to try and tame inflation, the question
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now is how long are they going to stay at elevated levels? are they done raising interest rates or could there still potentially be more on there still potentially be more on the horizon? if you look at what has been going on in the financial markets, you've got stocks down over the last couple of days, in the treasury market, the bond market, you've seen the yield on the ten year multi—year highs, and so everyone is now waiting to see, is that a sign that the fed, that jerome powell, will say, enough is enough, it is going to stay high for a while, or is there more to come? we will find out in about an hour's time. ~ . , time. we have been getting some good news from netflix, _ time. we have been getting some good news from netflix, good _ time. we have been getting some good news from netflix, good news - time. we have been getting some good news from netflix, good news for - news from netflix, good news for them, certainly, the last time i looked their shares had gone up some 10%, looked their shares had gone up some io%, how have they done this? yeah. 1096, how have they done this? yeah, i mean, it 1096, how have they done this? yeah, i mean. it is — 1096, how have they done this? yeah, i mean. it is an _ 1096, how have they done this? yeah, i mean, it is an astonishing _ 1096, how have they done this? yeah, i mean, it is an astonishing jump - 1096, how have they done this? yeah, i mean, it is an astonishing jump in i i mean, it is an astonishing jump in the share price, up 10% i mean, it is an astonishing jump in the share price, up io%just i mean, it is an astonishing jump in the share price, up 10% just this morning, and a lot of this has to do with subscribers. they have added more subscribers than shareholders
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had anticipated and what makes it so remarkable is, they have been engaged over the last six months or so in a crackdown on password sharing, and it is a risky strategy because if you start cracking down on that you may alienate some customers. but what these numbers show is that they've been able to do it in a way where they have retained their existing customers partly thanks to lots of hit shows, but they have also gained new ones by offering new policies and pricing, so for example they now offer a less expensive streaming plan which is are supported. it does not bring in much revenue right now but it is considered a big hope for the future, at least by many shareholders.— future, at least by many shareholders. ~ . , . ~ shareholders. michelle fleury, thank ou ve shareholders. michelle fleury, thank you very much _ shareholders. michelle fleury, thank you very much indeed. _ to china now and the ongoing crisis in their property sector. the giant developer country garden is believed to have become the latest to default on its overseas debt. a default that would mark one of the country's biggest corporate debt restructurings.
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now this matters not just for the company but as a more broader gauge for the economy as a whole. earlier i spoke to duncan wrigley, chief china economist at pantheon macroeconomics and started by asking him if they had defaulted. well, we have not heard an official confirmation either way. i think there have been some reports in the media coming from creditors saying that they haven't made their deadline, which does suggest that they have defaulted. and rather unusual announcements being made on social media, what is going on there? well, there were some rumours flying around which the company had denied that its founder and daughter left the country. so, the company has refuted it so i guess we go with what the company is saying officially. why would that be significant? well, if they have fled the country that would certainly
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indicate a lack of confidence in the company's future and ability to steer past these debt issues. you might recall that another big developer that has been in trouble, ground had its founder detained not very long ago. so, you have mentioned everfrande, we've got country garden, so, you have mentioned evergrande, we've got country garden, how does all of this fit in with the broader chinese economy? there is a split, the broader chinese economy actually is showing some signs of consolidating a modest recovery, starting to pick up, but the property sector is a major drag on the economy pushing the other way. there were some hopeful signs of things potentially turning around in the property sector, a bunch of new policies coming out at the end of august, starting to have some early green shoots, but the thing is,
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from a buyer perspective, if you are thinking of buying a house in china, a house in china, and most of the houses are sold pre—sold, which means they need to be completed after you have put down your deposit, for another year, and you see, well, maybe this house won't be completed because the developer won't be able to get the liquidity or perhaps won't even be operating, then of course you are going to stay away and be very cautious. and so that is what we are seeing right now, which is a slowdown in home sales in many markets, compounding the developer debt issues which in turn creates a vicious cycle worrying homebuyers. staying with china and their belt and road initiative, that's president xijinping's ambitious trillion dollar programme that has brought new infrastructure to more than 100 countries, most of them in the developing world. one of the most recent is a high—speed railway in indonesia.
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like many china—backed bri projects, it's not been without controversy. 0ur asia business reporter nick marsh was one of the first to take a ride and sent us this report. this is the fastest train in all of south—east asia. it is certainly faster than any train in the us or the uk. right now, i am injakarta and i'm heading to bandung. if we were driving, it would take about three hours, but with whoosh, it will take about 45 minutes. but actually, this really wasn't supposed to have been built by china. japan, with theirfamous shinkansen rail system, they were the heavy favourites to win the bid. they said that they would finance the project at basically 0% interest, but they did need 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. they said we're going to build this cheaper, we'll build it quicker, and we don't need any guarantee from the indonesian government. but they did want 2%
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interest on their loan. well, indonesia picked china to many people's surprise, but in the end, this project is three years late, it is $2 billion over budget, 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. we are in bandung. it was pretty fast, i have to say, and to be fair, this isn't the first railway line in the world that is late or over budget. that is late or over—budget. countries like indonesia are hungry for infrastructure and china can provide that infrastructure. when it goes well, it's a win—win. the problem is that when things don't go according to plan, the risks, political, economic, environmental, they do seem to be a bit one—sided. but that's simply something that indonesia was willing to accept when itjumped on the bri train. so how significant is this project — and what do indonesians make of it all? here's nick again with more on that. well, it's a big deal. you can see how
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popular it is already. these people are about to get on to the next train. we have had people coming up to us saying how proud they are that indonesia has got the fastest train in the world outside of china. all this morning people have been taking pictures, taking selfies. so there is enthusiasm for this project. obviously this is a chinese—backed belt and road initiative project. there are not many of them in the world that come without controversy. the main thing in indonesia is whether the country actually needs this. the tickets are really expensive, it costs five times as much to travel by train to bandung than it does with the bus. the stations are really far out of the city centre. i've seen that from personal experience. and even the indonesian government admits that even with really strong ticket sales, best case scenario, it will take them decades and decades to break even. you've got people also who are uneasy with the idea of china dictating terms, taking out big loans from china, that sort of thing. so it is interesting when you hear xijinping, the belt and road forum in beijing, he said when china does well,
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the rest of the world does better. to a certain extent he might be right. on paper this is certainly a milestone and i've seen the enthusiasm for it. as to whether this will change the lives of ordinary indonesians, whether it will be worth the cost, that is a different question. around the world and across the uk, this is bbc news. when the police use horses, normally you think of crowd control, but dorset is a rural county and volunteer horseriders will be an extra set of eyes ideas for the police. extra set of eyes ideas for the olice. �* , ., extra set of eyes ideas for the olice. ~ ., ., ., ., extra set of eyes ideas for the olice. ., ., ., ., , ., , police. about two-and-a-half years auo there police. about two-and-a-half years ago there was _ police. about two-and-a-half years ago there was three _ police. about two-and-a-half years ago there was three individuals - police. about two-and-a-half years ago there was three individuals in i ago there was three individuals in the rural crime team. we've now moved, we now have about 18 and we have the rural mounted volunteers, we are now launching in effect a neighbourhood watch on horseback. and that is what you're seeing behind me. i
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and that is what you're seeing behind me— and that is what you're seeing behind me. ., ., ., ., behind me. i go out three or four times a week _ behind me. i go out three or four times a week in _ behind me. i go out three or four times a week in the _ behind me. i go out three or four times a week in the countryside l behind me. i go out three or four. times a week in the countryside and i'm times a week in the countryside and in quite _ times a week in the countryside and i'm quite nosy~ _ times a week in the countryside and i'm quite nosy. 50. _ times a week in the countryside and i'm quite nosy. so, this— times a week in the countryside and i'm quite nosy. so, this will- times a week in the countryside and i'm quite nosy. so, this will fit- times a week in the countryside and i'm quite nosy. so, this will fit in. i'm quite nosy. so, this will fit in perfectly, — i'm quite nosy. so, this will fit in perfectly, i— i'm quite nosy. so, this will fit in perfectly, twitt— i'm quite nosy. so, this will fit in perfectly, i will be _ i'm quite nosy. so, this will fit in perfectly, i will be able - i'm quite nosy. so, this will fit in perfectly, i will be able to - i'm quite nosy. so, this will fit in perfectly, i will be able to have i i'm quite nosy. so, this will fit inj perfectly, i will be able to have a look around _ perfectly, i will be able to have a look around and _ perfectly, i will be able to have a look around and if _ perfectly, i will be able to have a look around and if there - perfectly, i will be able to have a look around and if there is - perfectly, i will be able to have a i look around and if there is anything a bit unusual, — look around and if there is anything a bit unusual, i— look around and if there is anything a bit unusual, i will— look around and if there is anything a bit unusual, i will be _ look around and if there is anything a bit unusual, i will be able - look around and if there is anything a bit unusual, i will be able to - a bit unusual, i will be able to report— a bit unusual, i will be able to report on— a bit unusual, i will be able to report on that. _ a bit unusual, i will be able to report on that.— a bit unusual, i will be able to report on that. a bit unusual, i will be able to re ort on that. i. ., ,, report on that. everyone taking part has been vetted. _ report on that. everyone taking part has been vetted. the _ report on that. everyone taking part has been vetted. the police - has been vetted. the police currently has six volunteers but they are hoping it will rise to 24. israel says at least 203 people are now thought to have been taken hostage by hamas in that surprise attack on the 7th of october. , there are says it has hidden them in safe places and tunnels within gaza and threatened to kill them if civilian homes continue to be bombed by israel without warning. earlier
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in the programme i spoke to someone who has six family members missing, colluding both sisters and three young leases. and, my little sister and her husband and their two daughters, three daughters, lives in kibbutz and my older sister went there to do a shabbat for the weekend. 8am we were waking up to alarms and bombings and we immediately called them because when we have bombings, and we are sure that they have them as well, we sent a message, hey, what is up? and they said, we're not sure, they said there are terrorists in the kibbutz, we're in the safe room, we don't know anything else. after 30 minutes or so she said that they can hear terrorists around, they still don't know much, but you start to understand
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what's going on there. after 30 minutes more, they said that they can hear the terrorists at their neighbour house and that they are still in the safe room, and after another 30 minutes, they said that they can hear the terrorists in their house. and just to make sure you understand, the safe room has doors, but these doors cannot be locked. these are built for bombings, not for terrorists. and when did you actually find out, or have you had it confirmed, that they haven't been killed but they are missing and are hostages? after we found out a couple of pieces of information during the first couple of days, we were visited by an army officer saying that all the six were now
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officially recognised as kidnapped. according to my understanding, they say that from the moment they were kidnapped, they were still alive. to tell you that i know what is their situation at the moment, i don't have any idea. i can't imagine what you are going through, how are you getting through just day—to—day? i think that is the key sentence, day—to—day. you don't think about the next week, you don't think about the next month or birthday, you just think about what you are going to be at the next hour because every moment someone can come and officers can appear at your doorstep saying something horrible. i'm just there for my daughter, my parents, just trying to, you know, keep on going.
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i don't think we have any other choice. it is excruciating even listening to you describe all of that, many of the families who are in similar circumstances to you, they have set up forums — how much support are you able to give each other? erm, we are in these forums, there is a civilian body that also is built to support these families and also to support the negotiations. i think every family does what they need to do, some are protesting in tents, some are doing interviews, some arejust, i don't know, everyone is dealing with it the best way they can, i guess.
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but we are in contact with some of the families and we try to be there for another, that is the israeli people. and i know that exactly as you say everyone is dealing with this in different ways, you were telling our producer that you avoid looking at stuff online, there is so much horrifying detail out there, you talked about your hopes in terms of government moves, are you hearing anything from official channels of where they are with any sort of contacts, let alone negotiations, are you getting any sort of information flow from government? no, i don't. but i don't see it, it is not that i don't want to know every moment where they are and how they are doing, but i am also a reasonable person, i think that things are in the move,
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i guess there are reasons why some things we are not aware of and we don't know. i want to hope that they have a clue where they are and hopefully we are not bombing them, wherever they are, that is my hope. but we don't have any official news or understanding. the army is in contact with us regularly, but i think this is more to make us confident that someone is in touch with us, and if there is an update, we will know. yes, a sort of channel of communication. just a last thought, because my previous guests, we were talking about the military incursion that we know is coming in perhaps the next few days, what do you think about that? do you think there should
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be a ground invasion, would you like to see there not be a ground invasion, given everything that you're contending, where are you on that? is your interviewee mentioned before, we all, i am, i can't speak in the name of everyone, but i understand that we have to make sure that this thing won't happen again. my family is there, i hope that they will get free of there soon but i also hope that this type of thing will never happen again. and so, as difficult as it is to say that, i also understand our army and israel now need to protect itself, and as he mentioned, we are not talking about revenge, we're just talking about protection.
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i hope and i heard what he said about the bombing and i hope that they know what they're doing and they know how to keep our family safe. that is the only thing i can say, that is the only thing i can know. i'm not an army person. jjust a civilian just like them. a group of asylum seekers has arrived back on the barge moored off portland in dorset which was evacuated in august when legionella was found in the water system. the home office says the bibby stockholm is now safe and will eventually house 500 people. the ship is part of government attempts to reduce accommodation bills.
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housing migrants in hotels is costing £8 million a day. 0ur south west england correspondent jenny kumah reports from dorset. asylum seekers leaving their hotel in devon this morning. some told the bbc they were worried and afraid to return to the barge, saying it had felt like a prison. it was back in august when the first group of men were taken up the gangplank of the bibby stockholm, but legionella was found in the water system and, in the water system and just five days later they were sent to live in a devon hotel. embarrassing, given the home office's intention to reduce hotel bills. how are you feeling about going back to the barge? it feels scary. it's good to be here, not on the barge. earlier this week i spoke to this man. he's among the group returning today. accommodation is offered on a no—choice basis... he received a letter from the home office last week telling him he has to return. how would you say the barge compares to living here?
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this is like heaven and, that, like hell. it was living like we were alone. we were feeling lonely, loneliness. and now here, we are attached to the people. and there's different clubs, like cricket club. we're feeling like we're living in the society. suella braverman... hear us say, send your prison barge away! this has been a hugely contentious and divisive issue. this morning, campaigners gathered at portland port, protesting against the barge but not against the men. just want to say hello, welcome. and we've got welcome packs and good wishes for them. i we want them to see friendly faces. the barge is not a practical solution. it's not humane, we don't believe it's safe, but it's also costing a fortune. we want them to be able to come to this community, add to the community what they can and be embraced by our community, because it is a beautiful community here on portland. the government says sites like this barge are more affordable
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and better for communities, as health care and catering facilities are on—site. some of those returning today worry about what it will be like when the barge reaches its capacity of 500 men. now we see that there will be 400 or 500 people. very small area and it will be crowded. if there is a single virus, single disease and, you know, everyone will be affected. this lunchtime, the men arrived back at the barge. around 20 were on board this coach. the bbc understands that dozens more men from across the country are due to be moved on—board in coming days, meaning the bibby stockholm can finally start fulfilling its role. jenny kumah, bbc news, portland. angus council has confirmed that
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residents in more than 400 homes have been ordered to evacuate for their own safety. the council says their own safety. the council says the area is likely to flood as the storm sweeps across scotland bringing heavy rain and gale force winds. we will have a weather forecast here in just a winds. we will have a weather forecast here injust a moment. just a couple of the key lines to bring you from the middle eastjust developing in the last little while. news from the us state department that has issued worldwide portions for us citizens overseas, citing potential for extremist attacks and violent actions. that has just come from the us state department. let me show you the live pictures on the border with lebanon, that's the shot looking into lebanon. and news in the last hour that the german foreign minister has told german citizens to leave lebanon with fears of the conflict widening. so, that is a new. let me also tell you about the un secretary—general because he has just been speaking, antonio guterres called for an immediate humanitarian ceasefire in gaza, gaza
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needs a scale and on a sustained basis he said after meeting with egypt's foreign minister. he also called on hamas to release the hostages seized on seventh 0ctober. those are some of the latest lines. when we are back here in the next few minutes we will be live with lyse doucet reporting from southern israel, we will be also be speaking two yougov, the israeli spokesman for the prime minister, on rishi sunak�*s visit to israel today, and the calls for aid to be able to get into gaza. all of that is coming up into gaza. all of that is coming up in a moment, after the weather, with chris fawkes. hello. storm babet is bringing some extreme rainfall to the uk. the next couple of days, a rare, top—level red met office rain warning has been issued for aberdeenshire, angus, dundee, perth and kinross. it is here where we will see the largest rainfall totals, but over the next few days we will also see the rain heavy enough and persistent enough to cause problems elsewhere
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across northern and eastern scotland and eastern areas of england. it is the accumulation of rain that is going to be the important factor. and it's notjust rain, we've also got some very strong winds for eastern scotland with dusts of up to 70mph, strong enough to blow down trees, which in itself could cause some disruption. the rain turning heavier during today. in scotland, we have these amber weather warnings for heavy rain, it's in these areas where we are likely to see some flooding but this more concentrated red weather warning is an area where we're expecting some of the largest accumulations of rain particularly in the hills, and that is likely to lead to even bigger impacts, severe impacts, some communities could get completely cut off due to flooding. 0vernight tonight and into the first part of friday, that rain really coming down very, very heavily throughout the night into the first part of friday
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morning and it's the accumulation of rain that causes the problem, so flooding is likely to be getting worse at this stage. england, wales and northern ireland, the rain also getting heavier during the night. on friday there will be some improvement across northern scotland however even as the rain stops falling here, all that water will still be pouring off the catchments and the flooding is likely to get worse before it gets better even long after the rain has stopped falling. and then there is the focus of the rainfall shifting further southwards to the scottish borders, the cheviots, the peaks in the pennines, where, on friday and into saturday, we will also see some large rainfall accumulations, over 100mm in places which is likely to cause some flooding issues as well. so, storm babet over the next two days is likely to bring some widespread areas of flooding and disruption is expected.
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live from london, this is bbc news. rishi sunak gives israel his full backing in a meeting with the israeli prime minister, benjamin netanyahu. you described this as israel's darkest hour. well, then, it's for me to say i'm proud to stand here with you in israel's darkest hour as your friend. we will stand with you in solidarity. we will stand with your people.
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this is not merely our battle. it's the battle of the entire civilised world. aid agencies warn gaza is in need of far more aid than promised so far. the un humanitarian chief says about 100 lorries a day will be required every day. frustration as trucks loaded with supplies remain stuck at the border crossing point with eygpt. the families of some of the hostages make another appeal as israel's military say at 203 people are now thought to have been taken by hamas. they are innocent civilians, innocent children _ in hard conditions. they're not a pawn| in a game or a war. they need to be released and released now. - and i'm in southern israel where several barrages of rockets fired by hamas from gaza city have landed here and from where we can see israel's air strikes and artillery fire continuing into the gaza strip.
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