tv Asia Business Report BBC News December 18, 2023 2:30am-2:46am GMT
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egyptian officials insist shipping traffic is flowing normally through the suez canal attacks on the red sea. streaming wars as netflix releases its viewing data, we look at the ever crowded streaming space. hello and welcome to asia business report. egyptian officials insist traffic is flowing normally through the suez canal despite recent attacks further south in the red sea. iranian—backed rebels in yemen have repeatedly targeted commercial vessels leading some of the world's largest shipping firms to suspend
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routes in the area. there have been concerned the israel — hamas would widespread the region. these are two of the world's biggest choke points. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. you have to make a longer passage through the cape of good hope, this might add nine days or six days to the united states. forships days or six days to the united states. for ships traversing from the atlantic to the pacific ocean through the panama canal there are additional issues, let's hear
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from the independent economist cornelia meyer.— cornelia meyer. when you look at trade from _ cornelia meyer. when you look at trade from shanghai - cornelia meyer. when you look at trade from shanghai to - cornelia meyer. when you look at trade from shanghai to new| at trade from shanghai to new york_ at trade from shanghai to new york and — at trade from shanghai to new york and asia to the east coast of the — york and asia to the east coast of the us— york and asia to the east coast of the us if we cannot go through— of the us if we cannot go through the panama canal because it is very constrained because — because it is very constrained because of the low water levels. _ because of the low water levels, and we have to ship through— levels, and we have to ship through the suez canal that adds— through the suez canal that adds five days, then we have to id adds five days, then we have to go around — adds five days, then we have to go around the cape of good hope that adds — go around the cape of good hope that adds another six days. potentially things cannot get sorted, _ potentially things cannot get sorted, we will have to live with — sorted, we will have to live with 11_ sorted, we will have to live with 11 days extra for cargo to id with 11 days extra for cargo to go from — with 11 days extra for cargo to go from asia to the east coast of the — go from asia to the east coast of the us— go from asia to the east coast of the us and that will be very expensive. of the us and that will be very “pensive-— expensive. the suez canal authority _ expensive. the suez canal authority is _ expensive. the suez canal authority is keen - expensive. the suez canal authority is keen for - expensive. the suez canal. authority is keen for shipping to continue making that passage with the red sea, they released a statement they say the navigation flows normally as usual... as opposed to the route around the cape of good
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hope. they said on sunday 77 ships made passage through the canal, in recent weeks that was 2500 since 19 november but in the same. 55 ships passed around the cape of good hope. wejust around the cape of good hope. we just have to see in coming days and weeks whether that balance changes. to india and prime minister nahrendra modhi has officially opened a new diamond exchange in the western city of surat. the bourse is housed in the world's largest office complex, a record previously held by the pentagon. let's get the details with our india business correspondence. what does this big new facility hope to achieve? the what does this big new facility hope to achieve?— hope to achieve? the prime minister has _ hope to achieve? the prime minister has said _ hope to achieve? the prime minister has said this - hope to achieve? the prime minister has said this is - hope to achieve? the prime i minister has said this is going to be a game changerfor the economy but those are similar statements we have been hearing from the establishment every
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time the —— they launch these big—ticket projects as they go into election mode, these projects are being marketed or pitched as tangible wins for the government. we are talking about the diamond bourse in the home city of prime minister the home city of prime minister the home city of prime minister the home city cuts and polishes 90% of the world's diamonds, the creation of the centre adding to the ambition of trying to be —— become a big trading centre when it comes to diamonds. it is a 15 story building spread over a massive of land bigger than the pentagon and it will health everything under one roof, polishing, cutting and trading, it has customs clearance and everything is under one roof is how it is being pitched as is likely to create 150,000 jobs? according to a press release, it is important to say well we focus on the big invest in this this big push and big build, the inauguration is coming at a
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time when the diamond industry in the city is looking at a slump. from april we saw the export of polished diamonds down by 20% to $10 billion, there has been slump in global demand for polished diamonds, the prime minister has acknowledged while growing in terms of lab grown diamonds in terms of lab grown diamonds in terms of lab grown diamonds in terms of the overall gems industry india has 3.5% global share. that is why this is significant.— share. that is why this is significant. many thanks. movinu significant. many thanks. moving to _ significant. many thanks. moving to the _ significant. many thanks. - moving to the entertainment industry. netflix recently released viewer data for 99% of its catalogue for the first time. the firm has been criticised for not being transparent about how content performs on its platform. while netflix one was one of the most original streaming
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platforms when it was founded two weeks ago, the space is now quite crowded. there is been demand for this kind of data from netflix for a long time. people have been really anxious to see these kinds of numbers. netflix has shown top ten lists in the past, gave away a little bit of information but nothing like this, this is a treasure trove of data for people who are in the entertainment industry and competitors as well but everybody will be really analysing this data in detail, they have already started to, to see what kind of shows are popular what type of things are not. it will give a lot of opportunities to the actors and producers of certain shows. and other shows may realise they are not doing quite as well as they initially had hoped. does the industry feel this is accurate data, does the number of hours watched mean a show is popular? netflix said success comes in different shapes and sizes? a lot of people stream
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things in the background, depends how they count downloads versus the viewership times, there will be some differences. it is is about as good a metric as you will get. none of these things are perfect, none of the traditional tv ratings have been perfect either. you take it for what it is and you look at it, you will see a lot of companies, some of the competitors will feel pressure to release some of this information as well. it gives you a sense of how impactful netflix actually is on a worldwide basis because the number of viewers and the amount of time spent with netflix when you add these numbers up is absolutely staggering. the chief executive of a nuclear waste processing centre in the uk has hit back at claims of cyber breaches and lax safety standards. a british newspaper reported sellafield had been hacked by groups linked
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to russia and china. in an exclusive interview for bbc news the boss denied reports and dismissed concerns ageing and decaying facilities filled with radioactive waste could cause a nuclear disaster. sellafield is europe's most hazardous nuclear site, a sprawling complex of ageing facilities. large quantities of highly radioactive waste here as well as plutonium, a toxic material that could be used to make weapons. security is intense so allegations that its it systems have been hacked are extremely serious. the chief executive insisting they are entirely unfounded. we have absolutely no evidence to suggest our systems have been hacked, in the fashion you have mentioned and was mentioned in the paper by a
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state actor. you say there is been no evidence of a hack in a way mentioned by the newspaper, has there been any evidence of a hack? no we have very robust moti layer protection systems which would indicate of anything like that had happened. that is not the only accusation fired at sellafield, it is also alleged crumbling and decaying facilities like this are unsafe and could present a risk to the public or trigger a nuclear disaster. this vast opening pond contains hundreds of tons of used nuclear fuel and radioactive sludge that has accumulated over decades, the challenge now is to keep it safe because it is an old facility while at the same time carrying out the long process of decommissioning it. the question is is that process being done fast enough. sellerfield insists that is, work to
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clean and into the pond is under way using a variety of robot submarines. this building is a rubbish dump for decades worth of nuclear scratch. but a leak unseen and inaccessible is letting radioactive fluid seep into the ground. this mechanical grabber is being used to retrieve the waste for storage elsewhere but it is a process that will take years. sellafield denies it is a problem that has been swept under the carpet. we are straining every sinew to accelerate safely what we have to do to stop the leak and the best way to do that is to remove the waste safely so we can get there as soon as we can. 70 years of the nuclear industry have left sellafield with a difficult and dangerous legacy. bosses here insist they have nothing to hide. but the latest controversy illustrates one of its biggest problems — a lack of public trust. that's it for this edition of bbc asia business report. to keep watching bbc news.
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bringing you different stories from across the uk. an emotional day for homeowners who found themselves living on the edge, far earlier than they expected to. i am still in shock. i have been for the last week. i am not in tears or anything, i'm not that sort of person but, you know, i guess, if i was that sort of person i would be just sitting down with my head in my hands, not knowing what to do. land under houses on the marrams at hemsby has been badly affected over the past decade. storms last month saw 100 metre section of the road fall onto the beach. four full days is what's been given to try and remove the most dangerous houses from the side of the cliffs.
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of course, they are trying to work around the tides, the weather and restricted lighting. all this destruction you see around us right now is caused by one box on one spreadsheet, which is their cost base ratio and that is what we're working with with local government and the environment agency to change, that is what we just are fighting for, is one box, on one spreadsheet. the environment agency has spent almost £500 million on coastal defence in norfolk, suffolk and essex since 2013. but for those here, it is too little, too late. for more stories across the uk, head to the bbc news website.
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vmcsovsk: bbc news - - bringing you different stories from across the uk. for 70% of the world's population, this is what doing the laundry looks like. women and children spending hours each week scrubbing by hand. and this is the solution — a flatpack manual washing machine being built in corby. british engineer nav was inspired by a visit to southern india. and they wash with cold water in buckets on the floor, causing back pain, joint pain,
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and skin irritation. with our machine, it saves 75% of time and 50% of water, compared to hand—washing clothes. and here it is, from flatpack to fully—assembled. so you open the lid, put your clothes inside, you put your water and your laundry detergent in here, close the lid — and of course, the most important bit is how you operate it, using a handle. and once your clothes are clean, the dirty water comes out here. over 100 staff from this component supplier have volunteered their time to build the machines. so far, 180 machines have been sent to 15 countries, giving thousands of women and girls their time back. for more stories from across the uk, head to the bbc news website.
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hello and welcome to sportsday. i'm jane dougall. arsenal march to the top of the premier league with arteta leading them to victory over brighton. a point for both managers at anfield after a goalless draw between rivals liverpool and manchester united. and harry kane scores a brace for bayern, taking his tally to 20. hello and welcome to the programme. we start with an entertaining day in the english premier league, where arsenal have returned to the top of the table after a convincing 2—0 win over brighton. they opened the scoring in the second half with
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