tv Asia Business Report BBC News October 24, 2023 12:30am-12:46am BST
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motors and ford will both be reporting third—quarter earnings. but production has all but stopped and the plants with the strikes we have been reported out. aaron delmore reports. reported out. aaron delmore reorts. �* , l, reported out. aaron delmore reorts. , , a, reports. it's a surprise in an excavation- _ reports. it's a surprise in an excavation. the _ reports. it's a surprise in an excavation. the united - reports. it's a surprise in an | excavation. the united auto workers union called on 6800 workers to walk up a plant outside of detroit for the company makes its pick—up trucks. it's the largest us plant. in total, some 40,000 workers are now on strike apps to lantus, ford and gm. that's more than a cover of the membership employed by the big three auto—makers. the auto—makers have laid off thousands of workers. this strike is historic for targeting all three auto—makers at once. union members are asking for pay increases as well as better benefits for retirees and others. this is the first escalation since the uaw ordered nearly 9000 workers to walk out at ford's largest
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plant in mid—october. the tactic has been to play the auto—makers against each other and in this instance, the uaw may try to pressure still lantus in an offer on the table. we will get a glimpse into what this means when gm and ford report currently earnings this week. in the fast, the ued have used pay and reports to fuel the argument that the companies can afford concessions to workers. gm reports tuesday given wild streak the first book. ford falls on thursday.- streak the first book. ford falls on thursday. staying in the us, ramblings _ falls on thursday. staying in the us, ramblings and - falls on thursday. staying in the us, ramblings and the l the us, ramblings and the market appear to have concerned investors. the snp closing at its lowest since may, as you can see since... 0ften its lowest since may, as you can see since... often viewed as a safe haven investment. ——s&p
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leading to a fall in the yield. that has bounced back on concerns that the fed will continue to hike rates. last week, the treasury reach the highest level in 16 years, and on that, i've been speaking to tim murray on the implications of. tim murray on the implications of, ., ., , �* tim murray on the implications of, ., �* , of. so far, it hasn't been particularly _ of. so far, it hasn't been particularly significant i of. so far, it hasn't been i particularly significant from the standpoint of the economy. the economy has been able to would withstand higher rates without much of a problem. it's certainly a concern when you think about how long rates have been below that. but they were above that for a long time before the last 20 years. there is a certainly oxygen above that. iii is a certainly oxygen above that. , ., . ~' is a certainly oxygen above that. ., ~ ., , that. if you talk about this curve, that. if you talk about this curve. do _ that. if you talk about this curve, do expect - that. if you talk about this curve, do expect to - that. if you talk about this curve, do expect to really| curve, do expect to really persist?— curve, do expect to really ersist? . �* , , persist? yeah, we'll probably see it come _ persist? yeah, we'll probably see it come close _ persist? yeah, we'll probably see it come close to - persist? yeah, we'll probably see it come close to it - persist? yeah, we'll probably see it come close to it in - persist? yeah, we'll probably see it come close to it in the | see it come close to it in the next three to six months, something like that. the interesting thing is that
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normally the yield curve this inverts when the short end of the curve come to sound and goes below the longer part of the curve. in this case, the opposite of his happening. that's something we really have never seen before and we're not sure exactly how the market is going to react to that. it's probably a good thing because it probably means that economic growth will grow. h0??? it probably means that economic growth will grow.— growth will grow. how do you see that playing _ growth will grow. how do you see that playing a _ growth will grow. how do you see that playing a role - growth will grow. how do you see that playing a role in - see that playing a role in terms of us treasuries? it’s terms of us treasuries? it's not clear. — terms of us treasuries? it's not clear, so _ terms of us treasuries? it's not clear, so if— terms of us treasuries? it's not clear, so if the - terms of us treasuries? it�*s not clear, so if the conflict does expand outside of israel and gaza, that would be a problem because it would probably mean oil prices going up. that means inflation goes up up. that means inflation goes up and that would probably push rates even higher. 0ther up and that would probably push rates even higher. other than that, we can expect not a whole lot of impact. typically, when you do see uncertainty increase, that does create a
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flight quality. the demand usually goes up and that would push rates down. however, we haven't seen a lot of that yet. but that's another factor that could play in. on balance, i would say that situation is kind of neutral.— would say that situation is kind of neutral. here in asia, the japanese _ kind of neutral. here in asia, the japanese economy - kind of neutral. here in asia, the japanese economy is - kind of neutral. here in asia, | the japanese economy is also the japanese economy is also facing a slump. people aren't spending because wages aren't increasing fast enough. things are getting more expensive. the prime minister has outlined some of his plans like tax cuts, something he was hesitant to explore before.— to explore before. japan, after 20 ears to explore before. japan, after 20 years of — to explore before. japan, after 20 years of trying, _ to explore before. japan, after 20 years of trying, finally - to explore before. japan, after 20 years of trying, finally has. 20 years of trying, finally has inflation and consumers don't like it. ithink inflation and consumers don't like it. i think this response ljy like it. i think this response by the government in some ways is the right response. it's just a bit belated at this point. i think the biggest question is an limitation, how quickly does the government
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implement the changes and how do they explain how to pay for it. japan has the largest debt burden along developed nations. there's a question how to pay for these steps at a moment when the government is increasing military spending and childcare spending. it will be interesting to see how they finesse this. 50 be interesting to see how they finesse this.— finesse this. so what are your expectations _ finesse this. so what are your expectations in _ finesse this. so what are your expectations in terms - finesse this. so what are your expectations in terms of - finesse this. so what are your expectations in terms of tax l expectations in terms of tax cuts? ~ ~ , cuts? when prime minister kishida talked _ cuts? when prime minister kishida talked about - cuts? when prime ministerl kishida talked about created cuts? when prime minister. kishida talked about created a new capitalism, this was the cert though my first... of the tax cuts are largely focused on the middle class. however, there also is talk about corporate cuts. japanese companies do not need a tax break. what they need is to enforced tax roll to pay more
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taxes. that's a bit of a miscue. but i do think the focus on the middle class is, only that part is, these are temporary. if you try to change consumer spending, you try to give households confidence in the economic future, you don't want to make these cuts temporary, you want to make a permanent. in temporary, you want to make a permanent-— temporary, you want to make a permanent. in other news, tesla sa s permanent. in other news, tesla says federal _ permanent. in other news, tesla says federal prosecutors - permanent. in other news, tesla says federal prosecutors have . says federal prosecutors have expanded their investigations into the company beyond its automated driving systems. in january, the company disclosed that the justice department was looking into its self driving teachers without giving more details. tesla says officials haveissued details. tesla says officials have issued subpoenas for information about other aspects like personal benefits and personnel decisions. they're nasty, creepy and probably — bedbugs. and they are making a comeback in france. these critters can travel in the seams and folds of our close or
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bags before finding a home on beds. hotels, transport companies and governments have been scratching their heads about how to tackle this problem. dougal shaw went to find out about some technology operate in the uk and how they can help. these bedbugs don't know it yet, but they're walking into a trap. this divides contains a pheromone that attracts them and it's up typically set in beds or seats. connected to the internet when the creature is captured, the camera inside takes a picture and transmits it. ai software can then confirm if a dreaded big bug has been found. an alert can then be sent to people like hotel are transfer is out so pest control can begin. divides her place around the world, but the nerve centre is here in cambridge. the start up by cambridge. the start up by cambridge university graduates. they act as an early warning
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and effectively like a cobra text. you're doing the measuring to tell you where to go in and treat. you can catch up go in and treat. you can catch up much earlier. == go in and treat. you can catch up much earlier.— go in and treat. you can catch up much earlier. -- like a code or text- — up much earlier. -- like a code or text- do _ up much earlier. -- like a code or text. do you _ up much earlier. -- like a code or text. do you think— up much earlier. -- like a code or text. do you think there - up much earlier. -- like a code or text. do you think there has j or text. do you think there has been a rise in the number of bedbugs or is it partly give driven by his theory on social media? ~ �* ., ., ., ' media? we've monitored about1 million high-heeled _ media? we've monitored about1 million high-heeled -- _ media? we've monitored about1 million high-heeled -- hotel- million high—heeled —— hotel nights and there have been rises. there had been a trend of words last decade. it dropped back a bit when everyone stopped travelling. it came back with a vengeance this year. came back with a vengeance this ear. , , ., ., , year. this is that the only came year. this is that the only game in _ year. this is that the only game in town. _ year. this is that the only game in town. other- year. this is that the only - game in town. other companies integrate traps while others use highly trained sniffer dogs to find bedbugs. but there is of course a stigma among any i depressed controls — not to mention that it's another cost —— pest control. i spoke to one owner of the paris hotel who has invested in this bedbug technology and displays a badge
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to show this to customers. about two weeks ago, we had the dissection — about two weeks ago, we had the dissection of the bedbug —— detection. it's frightening. the — detection. it's frightening. the reason we invested into this— the reason we invested into this technology is first a service _ this technology is first a service to the customer. second. _ service to the customer. second, an adaptation of the hotel. — second, an adaptation of the hotel, and third, this will eliminate the risk of somebody suing _ eliminate the risk of somebody suing us— eliminate the risk of somebody suing us because he or she were bitten _ suing us because he or she were bitten. , _, . ., bitten. rising concern about bedbu~s bitten. rising concern about bedbugs have _ bitten. rising concern about bedbugs have certainly - bitten. rising concern about. bedbugs have certainly brought new interest into all aspects of this somewhat niche industry. the future growth of which pins very much on fate of the tiny bedbug. dougal shaw, bbc news. before we go, a quick look at another story. chinese authorities have contacted the chinese tsingtao brewery after
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a video merge of a worker urinating into a tank of beer. the company says the batch of ingredients has now been seal. do stay with bbc news. bbc news — bringing you different stories from across the uk. don't get much worse than this. just look at the height of it. then and now. but in the space of two months, there's been no clear—up here on the streets of west marsh. mark lawless, who's campaigning against fly—tipping, says the problems only got worse. what have we got here? crumbs, tin food, plastic bottles, food waste. you talk about the smell, it don't smell too pretty. but it's even on the street corners all over the town, both
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grimsby and cleethorpes. if you've go out,you'll notice these hundreds if you've go out, you'll notice these hundreds of discarded trolleys full of rubbish. and what a shock. a trolley full of rubbish. today in grimsby, it's been clear to see just how much or how little has been done to clear up this problem. but with councils not responsible... for the clear—up of private spaces like alleyways, it's difficult to see how all this will change without help from the community. this is not normal. kids growing up and thinking this is normal. it's only going to get worse. change, of course, won't happen overnight, but what many litter campaigners are hoping for is at least some improvement. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. tonight, more flooding across the uk, a breakthrough on cervical
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cancer and a pumpkin boat race. but first, the israeli military has increased air strikes on gaza. the health ministry there, which is run by hamas, says more than 430 people have been killed in 24 hours. israel say they're targeting sites that may pose a security risk. more than 1400 people were killed in hamas's attack on israel earlier this month. meanwhile, rishi sunak says british experts think an explosion at a hospital in gaza last week was likely caused by a missile fired from gaza, was likely caused by a missile fired from gaza. hamas blame israel, but israel say it was a misfiring of palestinian islamic jihad rocket. some other stories now. there's a warning of flooding from storm thousands of people were evacuated and more than 100 flood warnings are in place. next, a ban on no—fault evictions. it's been delayed. landlords can kick out tenants who aren't
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on fixed term contracts with two months' notice without a reason. ministers promised to ban that in 2019, but now want other changes. scientists say they might have made the biggest breakthrough in treating cervical cancer in 20 years using cheap existing drugs before radiotherapy. a trial found it cut the risk of women dying or the cancer returning by 35%. time now, then, for ten seconds of giant pumpkins. check this. these kayakers are taking part in an annual pumpkin boat race in belgium. this broccoli hat the end there is definitely my favourite costume. she really doesn't hold back. you're all caught up now. see you later.
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hello and welcome along, where we begin with football and the premier league, where tottenham hotspur are back on top of table after a 2—0 win over fulham. goals from son heung—min and james maddison sealed the victory. the result means fulham stay 13th. spurs appear to be a team transformed under australian ange postecoglou, and it may not be long before they're viewed as genuine title challengers. the spurs boss was delighted with his goalscorers. it's great. they're both quality players and they're obviously leaders at the club, and i thought they really handled it well today in terms of, again, like the rest of the team, particularly, just with their work ethic. they're both quality players with the ball. their ability to press the opposition and work hard for the team is a credit to them. but again, they're also to the second half of arsenal playing the football we want to, so there's lessons in there for all of us.
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