tv Asia Business Report BBC News October 26, 2023 2:30am-2:46am BST
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antony blinken. the white house confirmed a meeting with the us national security adviserjake sullivan on friday. it is set amid the war in the middle east, and may also set the stage significantly for a possible meeting between presidents xijinping possible meeting between presidents xi jinping and joe biden. i spoke to lori daniels from a think tank on the expectations for the visit. what china is asking for from the us, it has a lot of different aspects. in many ways, what china is asking from the us has to do with the economic restrictions that the us has put on china's high—tech industry in particular. what also china would like to see the us speak about china and talk about trying on the global stage in ways that are more close to how china sees its own image. it sees itself as a leader of developing countries, it wants respect in that status, and the way the us has
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talked about china as a challenge to the rules based order is something china bristles at and would like to see change. bristles at and would like to see change-— bristles at and would like to see change. this visit comes when we _ see change. this visit comes when we see _ see change. this visit comes when we see the _ see change. this visit comes when we see the crisis - see change. this visit comes when we see the crisis in - see change. this visit comes i when we see the crisis in the middle east unfolding, what impact is that likely to have on relations?— on relations? it's another wonderful— on relations? it's another wonderful reason - on relations? it's another wonderful reason for - on relations? it's another wonderful reason for the | on relations? it's another. wonderful reason for the us on relations? it's another- wonderful reason for the us and china to stabilise their own bilateral relationship or at least, come up with a statement that shows they are managing the relationship responsibly. china has economic headwinds and problems on its borders, and problems on its borders, and the us has reasons too, dealing with a crisis in europe, the ongoing war in the ukraine as well as heavily involved in the crisis in the middle east. for both sides, a reason to make this meeting productive and useful. fine reason to make this meeting productive and useful. one of the biggest — productive and useful. one of the biggest flashpoints - productive and useful. one of i the biggest flashpoints between washington and beijing is the ongoing chips battle. this week american tech firm nvidia was
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told to stop shipping high—end artificial intelligence chips to china, but the current high global demand means the impact on nvidia will be muted for now according to our semiconductor analyst. according to our semiconductor anal st. ., , ., , analyst. the only one being impacted — analyst. the only one being impacted at _ analyst. the only one being impacted at the _ analyst. the only one being impacted at the moment i analyst. the only one being impacted at the moment is| impacted at the moment is nvidia. other companies will be caught up but they are not selling them anyway. from the equipment side, several billion dollars of impact last year. the new ones are more incremental. it's not a lot in addition to what we saw before. not a lot of incremental impact on the equipment vendors. nvidia's sails into china will be impacted. demand is so strong globally now that they can back sell the demand, though. can back sell the demand,
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thou~h. �* .,~ can back sell the demand, thou~h. �* ., though. american car-maker ford motors has _ though. american car-maker ford motors has reached _ though. american car-maker ford motors has reached a _ though. american car-maker ford motors has reached a tentative i motors has reached a tentative labour deal with negotiators from the united auto workers union after nearly six weeks of strikes. the deal pending approvalfrom union strikes. the deal pending approval from union leaders strikes. the deal pending approvalfrom union leaders is expected to provide a 25% wage hike over a four—year period. the union has asked striking ford workers to go back to work while the deal undergoes a vote. president biden praised ford and the union for reaching the deal after a hard—fought, good faith negotiation, he said. there were other negotiations with other companies and the unions. the trial of san bankman—fried resumes on thursday when he takes the stand. the crypto exchange found faces seven criminal counts including fraud and money—laundering charges and money—laundering charges and has pleaded not guilty. we are at the _ and has pleaded not guilty. - are at the halfway point of the trial, we have heard from the
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prosecution and now it is the defence's turn to make their case. i spoke to actor and crypto author ben mckenzie and i asked him why san bankman—fried would want to testify on his own behalf. sam is a gambler, you know? sam has always had a high risk tolerance. so, if there were a defendant to take the stand in his own defence, sam bankman—fried is, you know, high on that list. you told me you felt like sbf and crypto rose together. does that mean they fall together? yes. i don't think that they fall, you know, at the same rate at the same time. there's enough people that want to gamble. there are enough criminals that find it useful, and there is enough sort of real money stuck in there that it's probably going to be around for a while, unless law enforcement really takes severe action, which is what i think is really necessary. and you sat down with sam bankman—fried and kept in touch in the months leading up to fdx's collapse. how did he market himself to you?
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i think he marketed himself to me as a version of his public persona. california wunderkind, billionaire philanthropist. however, he had trouble answering basic questions, one of which was, "what does crypto currency do?" give me one thing that it does that can't be done better by other means. and sam sent money overseas, i had just come from el salvador, the only country in the world to use crypto currency as money, or try to use it, and el salvador's economy is heavily reliant on this. it's a quarter of the economy. the government had created this cryptosystem to try to encourage citizens to use crypto currency, and they weren't using it. the marketing of sam bankman—fried and the reality of sam bankman—fried where very different.
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so how did sam bankman—fried present himself such that everyone was surprised when fdx collapsed? we found out in court just last week from his ex—girlfriend that sam was aware that his hair was a selling point, that he was aware of his image, that the disheveled genius was actually a character that he could play. and quite effectively, he is quite a good actor. you know about playing character. i know about playing characters. it's such a bold character to play, if at the end of the day it's not true, most of us would sort of shy away from that sort of exaggeration, if not outright fabrication, but sam really didn't have that... he had high risk tolerances i guess how the people in finance might mention it. he reallyjust went for broke all times. a special report on millets, a
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gluten—free grain the country has been working hard to put on the global map. my colleague reports on whether india can whet the appetite while trying to bring about this so—called millets revolution. the hardy humble millet, once a staple in indian cuisine, now pushed to the sideline as light and weak take centre stage.— take centre stage. india is at the forefront _ take centre stage. india is at the forefront of _ take centre stage. india is at the forefront of popularising| the forefront of popularising millets. it the forefront of popularising millets. , . ~ the forefront of popularising millets. , w ., , ., millets. it is making a slow comeback. _ millets. it is making a slow comeback. often _ millets. it is making a slow comeback. often in - millets. it is making a slow comeback. often in a - millets. it is making a slow i comeback. often in a modern form. this start—up is trying to popularise it macro to modern consumers. popularise it macro to modern consumes-— popularise it macro to modern consumers. ., , , ., , consumers. there has been a big sike in consumers. there has been a big spike in business _ consumers. there has been a big spike in business last _ consumers. there has been a big spike in business last year, - spike in business last year, says its scope founder. do people really know how to cook with the millets? hat people really know how to cook with the millets?— with the millets? not really. especially — with the millets? not really. especially in _ with the millets? not really. especially in the _ with the millets? not really. especially in the north, - with the millets? not really. l especially in the north, people are not aware how to cook
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millets, so to create awareness we have created a lot of youtube videos. over the last six or eight months, the work being done, we can see sales have multiplied three to four times now. have multiplied three to four times now-— have multiplied three to four times now. the resurgence of millets in _ times now. the resurgence of millets in the _ times now. the resurgence of millets in the national- millets in the national conversation has led to farmers like this man betting big on these grains. for generations, his family cultivated only ground nuts, but this year he is growing millet on his entire six acre plot of land. translation: six acre plot of land. tuna/mom- six acre plot of land. translation: �*, ., . ., translation: it's a crop that reuuires translation: it's a crop that requires less _ translation: it's a crop that requires less to _ translation: it's a crop that requires less to grow - translation: it's a crop that requires less to grow than - requires less to grow than groundnuts, and demand has gone up groundnuts, and demand has gone up with health problems like diabetes increasing. it’s up with health problems like diabetes increasing.- diabetes increasing. it's not difficult to _ diabetes increasing. it's not difficult to see _ diabetes increasing. it's not difficult to see why - diabetes increasing. it's not difficult to see why the - difficult to see why the government is making such a hard pitch for millets, they are far healthier than rice and wheat and also more climate friendly. millets grow in hot conditions like these and use
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far less water than either paddy or wheat. the government is hoping this can help address the challenge of malnutrition. but right now, millet production pales in comparison to wheat and paddy, low supply and sewing demand has led to shooting prices, and switching to millets at steel will be a challenge. soaring demand. —— at scale will be a challenge. it should be affordable. today it is more costly than rice and wheat. ., , . , ., wheat. for the prices to come down, acreage _ wheat. for the prices to come down, acreage needs - wheat. for the prices to come down, acreage needs to - wheat. for the prices to come down, acreage needs to grow| down, acreage needs to grow substantially. this has begun to happen, but it will be a challenge. inaudible. before we go, facebook and instagram parent meta has reported better—than—expected profits of more than $11 billion for the recent quarter, confirming what we saw from
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google and snap earnings that online ads are making a comeback. stay with bbc news. look at the height of it. then and now. _ look at the height of it. then and now, but _ look at the height of it. then and now, but in _ look at the height of it. then and now, but in the - look at the height of it. then and now, but in the space . look at the height of it. then and now, but in the space of| and now, but in the space of two months, there has been no clear out on the streets of west marsh, mark lawless's campaign against fly—tipping, he says the problem has only got worse. we he says the problem has only got worse-— he says the problem has only not worse. ~ ., ., got worse. we have got tinned food... got worse. we have got tinned food. .. plastic— got worse. we have got tinned food... plastic bottles. - got worse. we have got tinned food... plastic bottles. food . food... plastic bottles. food waste. you can tell by the smell. �* , ., , smell. it's even on the street corners- _ smell. it's even on the street corners- all _ smell. it's even on the street corners. all over _ smell. it's even on the street corners. all over the - smell. it's even on the street corners. all over the town. if| corners. all over the town. if ou no corners. all over the town. if you go out. _ corners. all over the town. if you go out. you _ corners. all over the town. if you go out, you will - corners. all over the town. if you go out, you will notice i you go out, you will notice hundreds of the discarded trolleys full of rubbish. a
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trolleys full of rubbish. a trolley full of rubbish. today it was clear _ trolley full of rubbish. today it was clear to _ trolley full of rubbish. today it was clear to see _ trolley full of rubbish. today it was clear to see just - trolley full of rubbish. today it was clear to see just howl it was clear to see just how much or how little has been done to clear up this problem. but with 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.— without help from the community. without help from the communi . ,, ., ., ., community. this is not normal. peole community. this is not normal. people grow— community. this is not normal. people grow up _ community. this is not normal. people grow up thinking - community. this is not normal. people grow up thinking this i community. this is not normal. people grow up thinking this is | people grow up thinking this is normal, it's only going to get worse. ., ., �* ., ,, worse. change won't happen overnight. — worse. change won't happen overnight, but _ worse. change won't happen overnight, but what - worse. change won't happen overnight, but what many i worse. change won't happen i overnight, but what many litter campaigners are hoping for is at least some improvement. this is the catch—up. tonight struggles of the gcse resits. gaza fuel concern. and game of thrones trees under threat.
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first a police officer who blackmailed and threatened girls into sending explicit photos of themselves on snapchat have been jailed for life. lewis edwards from south wales messaged 210 girls aged between ten and 16 over more than two years. police found thousands of indecent images on his devices. snapchat said sexual exportation of young people is abhorrent and they work to prevent abuse. hospitals in gaza say they are stopping all but emergency services as fuel runs out. the united nation says its work will stop if it doesn't get supplies. israel accuses hamas of stockpiling fuel. expanding classes and exam halls to cope with more pupils having to resit their gcses. change is degrading meant a higher proportion of students fail their exams.
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higher proportion of students failtheir exams. —— higher proportion of students fail their exams. —— changes with grading. the government says it's investing in colleges. and japan has ruled it is unconstitutional to force people to be sterilised before they can officially change gender. a 2004 law said people can only change their gender if they cannot have children. time to leave you with ten seconds of trees because these trees in county antrim which were made famous by game of thrones, now may have to be cut down because they are in such a bad state. you are all caught up. goodbye for now.
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hello and welcome to sportsday, i'm tulsen tollett. three goals, three points and three wins in a row for holders manchester city in the champions league, but newcastle's unbeaten start is over. glenn maxwell creates world cup history with a stunning innings as australia thrash the netherlands at the cricket world cup. the netherlands at and there's a double retirement in british rugby, as ben youngs waves goodbye to england, and leigh halfpenny says farewell to wales.
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welcome to the programme, lots to get through, but we start with the champions league, where the group stages have reached the halfway point, and the current holders look like they're the team to beat. manchester city have maintained their 100% record in the group stages, making it three wins from three after beating young boys 3—1. manuel akanji put city ahead before young boys equalised with a brilliant finish from meschack elia but a penalty and a late strike from erling haaland meant city take home all three points. they're also three points clear of rb leipzig, who beat red star belgrade 3—1. newcastle's unbeaten start to the tournament is over. they went down 1—0 to borussia dortmund — felix nmecha with the goal. newcastle were unfortunate not to get a point late on, as they hit the post twice.
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