i'm yoshi ogasawara in tokyo. thanks for watching and do stay with us for more. >>> this is "newsline biz." i'm gene otani. japanese industrials giant hitachi is pulling the plug on the construction of a nuclear power plant in britain. hitachi says its board of directors decided on wednesday to withdraw from the project on the island of angelsy in wales. they put it on hold in january last year. it cited ballooning costs and other measures. they asked the government for greater support for the project, but the firm says negotiations made little progress parartly d to the coronavirus pandemic. they say the latest decision does not expect to significantly impact its business. the firm already posted relevant expenses from the stoppage in fiscal 2018. >>> the u.s. trump administration has struck another blow in its feud with china. the treasury department says it will impose sanctions on a chinese state-owned entity that is constructing a complex in cambodia. u.s. officials say china could repurpose the property for

i'm yoshi ogasawara.e begin here in japan where the new president of the main ruling liberal democratic party is getting the chance to assert his power. susuga yoshihide has filled key posts with veteran lawmamakers from the five ldp factions that backed his campaign. suga retained party heavyweight nikai toshihiro in the key ldp post of the secretary-general. veteran politician moriyama hiroroshi stays as diet affairs committee chairpersoson. these influential figures were suga's most powerful supporters in the leadership campaign. suga also appointed former communication minister sato tsutomu as general council chairperson, the top role of the party's highest decision making body. former educacation minister shimomura hakabun remains in the party management as policy research council chairperson. and yamaguchi i taimei is named election strategy committee chairperson. suga is almost certain to succeed abe shinzo as prime minister f following a ve e in e diet on wedndnesday. if so, his cabinet would also

i'm yoshi ogasawara.e begin in taiwan where a high ranking american official has just touched down. keith crock is visiting the island to attend a memorial service for the formerr tie win knees president who died in july. the trip is likely to put further strain on u.s.-china ties. the undersecretary of state for economic growth, energy and the environment is set to attend the service on saturdrday. the state department issuedd a statement saying washington is honoring lee's legacy by continuing our strong bonds with taiwan and its vibrant democracy. economic cooperation. the trump administration appears to be aiming at countering china which has been s steppingg up pressure on taiwan. the u.u.s. enacted the taiwan travel act two years ago to facilitate visits by senior officials. the taiwanese foreign minister is welcoming crock's visiting, saying he'll be the highest ranking u.s. state department official to visit taiwan in 41 years. a chinese foreign ministry spoke person on thursday says the trip cont

i'm yoshi ogasawara. >>> we begin in japan.fficials are warning about the approach of what might be one of the most powererful typhoons to hit the country in decades. it comes after another powerful storm brought severe weather to the country in the southwest. typhoon haishen is building strength over waters south of japan. the powerful stotorm is expecte to approach the southwestern part of the country from sunday through monday with nearly its full force intact. >> translator: it is necessary to fully consider the possibility that the typhoon will have a bigger impact than we've ever experienced. >> it's the second major storm to hit in a week. typhoon maysak brought heavy rain to the kyushu region earlier this week. the storm left at least five people injured and hundreds of thousands of homes without power. a search is underway for the crew of a cargo ship. it was sailing wednesday morning when it fell out of contact. of the 43 crew members on board, one has been rescued so far. he told rescue workers that an engine malfunc

i'm yoshi ogasawara.e start in japan, where the country's main ruling party elected chief cabinet secretary suga yoshihide its new leader. the politician is virtually assured to succeed abe shinzo, who announced last month his decision to step down to deal with his health. >> translator: i would likee to proceed with regulatory reforms, by defeating such things as bureaucratic sectionalism, vested interests, and blind adherencee to precedence. and i want to form a cabinet that will work hard for the people. >> suga said japan cannot afford to have any political void while facing the challengege of the coronavivirus spreading. he pledg to keep p pressing forward with the efforts p prim miminister abe has been n makin overcocome the crisis. but he said he'll choose e his ministers on his own inititiati. >> translator: as a new prime minister, i will pick whoever shares my policy goals andnd wo with themem otherwise, i cannot serve the people's will. >> suga won more than 70% of the votes cast, beating his t

i'm yoshi ogasawara in tokyo.nks for watching and do stay with us for more. ♪ >>> this is "newsline" biz. i'm gene otani. softbank group is pushing ahead with its selling spree as it shifts from telecoms towards investment. the japanese con glom rate is selling u.s. distributor bright star global group for an undisclosed sum. softbank group is selling the company for both cash and a 25% stake in the buyer which is part of a u.s. private equity firm. back in 2013 softbank group bought u.s. mobile carrier sprint to beef up its telecom business, but sprint merged with another u.s. carrier this april and is no longer part of the group. early this week softbank group said it was selling leading chip designer arm in a deal worth up to $40 billion. >>> china owned tiktok has been under the spotlight as tensions mount between washington and beijing. president donald trump says his administration has b been talki to firms interested in the u.s. arm of the video sharing app. >> we spoke today to walmart, oracle, i guess mic

i'm yoshi ogasawara in tokyo.nks for watching and do stay with us for more. ♪ >> this is "newsline biz." i'm gene otani. posona group says it will gradually move some of its functions from central tokyo to an island in western japan. the announcement comes as many busisinesses are reviewing thei work styles during the coronavirus ndemic. functions such as human resources and financial affairs as well as business planning will be transferred from its head office in tokyo to an island in the preekt. it plans to open a new facility for marketing and online business using digital technology. the group says it will relocate two-thirds of about 1,800 workers at its headquarters to the island. that will be done in stages by may of 2024. group officials say they'll increase preparations so business can carry on smoothly in the event of a disaster or another outbreak of disease. >>> the operator of the zoom video conferencing system has posted robust results for the latest quarter as the rise of remote work spurred demand

i'm yoshi ogasawara in tokyo. thanks for watching and we'll have more for you soon. >>> this is "newsline biz." i'm gene otani. the australian economy has plunged into technical recession for the first time in 29 years. it shrunk for two consecutive quarters after being battered by the coronavirus. data from the bureau of statistics shows the country's gdp contracted by 7% in april through june period. compared to the previous three months, that's the biggest quarterly decline since records began in 1959. personal consumption fell due to restrictions in economic activity and as people refrain from going out. >> our record run of 28 consecutive years of economic growthth has now officiaiay com to an end. the road ahead will be long. the road ahead will be hard. the road ahead will be bumpy. >> lockdown measures have been gradually eased since may, but infections spread again in and around australias second largest city melbourne prompting officials to reimpose restrictions in july. >>> covid-19 continues to hit jap

i'm yoshi ogasawara in tokyo.e begin on the korean peninsula where there are conflicting explanations of last week's fatal shooting of a south korean fisheries official by troops from the north. a new report from south korea's coast guard says there's growing evidence the man wanted to defect. officials say the man went missing from a patrol vessel in the yellow sea and could not have reached the spot where he was found unless he swam there. the findings are based on an analysis of the current at the time and the fact he wore a life jajacket.. the south korean report also says north korea knew the man's name, age and hometown as well as his desire to defect. pyongyang claims the man never disclosed his name and had tried to escape. south korea's coast guard and defense ministry have been investigating the shooting. the report's conclusions may also have been informed by north korea's military communication records. seoul is calling for a joint investigation to find out what really happened. >>> japan's prime minis

i'm yoshi ogasawara in tokyo. thank you for watching and do stay tuned for more. >>> this is "newsline biz." i'm gene otani. government agencies have submitted their budget requests for the next fiscal year. the total is likely to top 100 trillion yen or $947 billion for the seventh year in a row. it's not yet possible to get an accurate figure because costs relating to coronavirus projects could still grow. the health, labor, and welfare ministry requested over 32 trillion yen as social security costs are expected to grow. that's a record figure and a third of the total. the defense ministry also set a record asking for nearly 6 trillion yen to boost japan's defense capability. more than 25 trillion yen or a quarter of the total has been requested for interest p paymen and redemption of government bonds. covid related budgets includede spending for a project to establishh pcr testing facilitis throughout japan. they also include measures to support tourism businesses and to deal with the virus with an eye for the

. >> Él es christian alfonso rodrÍguezuno de los 43 estudiantes de yoshi napa desaparecidos hace seisr de que el gobierno sigue aferrado. >> serÍan sÓloestudiantes identificados el primero fue alexander mora pero la duda de don clemente surge porque sÓlo le mostraron dos superamos del hueso del pie derecho de su hijo. >> no me convence la verdadme pueden cortaron pie con un brazo y sobrevivo. -- un pie o un brazo y sobrevivo. presidente lÓpez obrador:el estado tiene que reparar el daÑo. >> tambiÉn se les informÓ que hay 600 ordenes de captura. se le acusa de obtener declaraciones y de robarse $44,000,000. >> parece nos locos, tal vez sÍ. dÓnde dejamos este dolor? >> tienen la esperanza de encontrar a sus hijos con vida. >> se manifiestan a seis aÑos de la desapariciÓn de sus hijos. lÍder del val del guerrero sonidos el rÉgimen de nicolÁs maduro asesinÓ a mÁs de 2000 personas entre enero y agosto de este aÑo en operativos de seguridad en barrios marginados. desde caracas, las autoridades venezolanas. >> todos asesinados durante los operativos de seguridad que el rÉgimen viene haciendo.

yoshi he does sue god knows what's in store for him the 71 year old had been so obvious right hand man for over a decade serving the former prime minister as government spokes person it is now up to him to lead the country which finds itself in crisis amid the ongoing covert 19 pandemic. in the 2nd quarter japan's gross domestic product dropped by almost a 3rd private consumption a pillar of the economy worth about half of its g.d.p. fell by 8 percent experts were down by almost a 5th. experts are not expecting new economic ideas from your sheehy disregard he has already announced he would stand by his predecessors concept of aba nomics which has loosened monetary policy and fiscal stimulus through government spending . in the midst of the corona crisis the economic situation around the world is dire the results over the may june period are the worst since the end of world war 2 what should be done about it what to do in this context it is of course a question of helping the economy in death. the government must do everything in this regard so that the citizens resume normal daily life

the yellow world where the yoshi and the bad spirits live. things and above us. through a wondrous world where you live with the stars. in peace and harmony through. my name is john i'm 15 years old. this is mark simone my great grandfather he's a shaman. tonight we will meet the spirits together for the 1st time. he told me there's no reason to be afraid that the spirits protect our history i didn't expect to be going on this trip so soon. although really it already began a few months ago. her here. this is my brother nico he can be pretty annoying. i don't like it when he teases me. but he always has some good advice. but it was out that i learned my his dream is to become a professional soccer player but there's too much corruption there. only the rich get to the very top would it kill what was then. i want to become an astronaut astronauts flying through the sky to the moon you know how you're looking out on that they were and they want satellites to. know what about you john monsoon dream . like i want to find out more about the origins of the world. about w

yoshi's it is so go won the parliamentary vote by a landslide. for the last 8 years he has occupied the powerful position of chief cabinet secretary as such he was defector number 2 titian zoabi and a kenyan force of government policy as part of his effort to secure the top job he vowed to stick to those policies presenting himself as a safe pair of hands at a time of upheaval but his top priorities will be far from the corona virus and turning around the economy battered by the pandemic. human i will strike a balance between preventing the spread of the current virus and maintaining social economic activity if i will create a government that will overcome this crisis and be trusted by the people if i will create a cabinet that will work for the public better than i can see. he's not seen as a flamboyant all passionate person often described instead as someone who operates behind the sayings he's also said to be a pragmatist rather than an idealist but some critics lamenting what they fear could be a lack of vision on his part but in one respect

talk live reading from something the other day and i learned we have a new park in america called yoshimight you said you know she hides in the head of yosemite and he's rounded yet he's frickin reading act and he says you know smite 3 times i turn to my wife i go you know smite you mean in fact eyes name was you know smite sam instead of yosemite sam in the cartoons it i mean i really don't think trump is bright as he as people lead us to believe when your daddy leaves you $400000000.00 it's pretty hard to be a failure when you get that much to start off with and again getting back to military when it was i want to see his bone spurs he called for obama's birth certificate i want to see is bone spurs because if he had of me should still have them unless he had i'm sure gigli removed because they don't just disappear after reading his niece's book i'd like to do a little handwriting analysis on his s. a t. test as well there's a lot of concern which the you know the president is throwing gas on the flames of concerned about what he warns will be a rig the election the lot a mail in ball

japan has a new prime minister yoshi hit a sugo was elected by parliament earlier today as a replacement to the long serving permissions are abbe. who stepped down for health reasons. well cigar is pledging to continue with many of his predecessors policies. on the twenty eight member cabinet he unveiled today retains many of the existing ministers probably feels you can roll it has this report for us. a roll of laughter as a single vote wednesday another member of his own policy. otherwise there was little surprise as yoshida seda was elected japan's ninety ninth prime minister. by an overwhelming majority. with the main opposition data trading fall behind. the seventy one year old estefan's fast new prime minister in almost eighty years but few expect anything more than a simple change of face. what do. you do with the- hello the night. in order to keep. because i'm a good listener. sigo on the routing pa the right one promise of stability and continuity and inherits a country deep in rececession japan's gdp shrunk y almost 8% in the second quarter of this year amid the corona virus pa

yoshi keeping big stimulus going in japan. we will be watching chinese tech giants after india banned appser sets -- set of including baidu. drivers fueling performance of china's big tech stocks from march lows. the rally has been broader on the mainland than in the u.s. could the rotation be gathering stateside? by anne, we are joined berry. -- barry. mega-capsaps -- are compelling? do remainnk they compelling. we have seen a switch around the last day or so. these slightly under loved sectors, whether utility or health care, coming back up. we are seeing a little profit in the tech sector. a luxury balance going into the last part of this year. we saw tesla moving lower on the back of bailey gifford cutting its stake. in the market we have seen momentum let's pull up this andt to demonstrate tesla apple have been moving in tandem. what does that tell you about diversification or lack thereof? ann: when you look at tesla specifically there was a catalyst today. they have both been riding the tech stock splits. the focus now

i'm yoshi ogasawara.t in japan, where the country's main ruling party elected chief cabinet secretary suga yoshihide its new leader. the politician is virtually assured to succeed abe shinzo, who announced last month his decision to step down to deal with his health. >> translator: i would likee to proceed with regulator

infections since april with more than 2 and a half 1000 in the last 24 hour period japan's prime minister yoshi has told the united nations general assembly that his country is determined to host the olympics next year after the games were spoken due to the pandemic an experimental vaccine being developed by johnson and johnson is proving to produce a strong immune response against the virus according to the latest results the early to mid stage trial is being backed by the us government italy was one of the 1st countries to impose a krone virus lockdown back in march the international community watched on after the country's hospitals overflowed and struggled to cope with the spike in cases but now it's a different story as many european countries begin to suffer a 2nd wave of cases italy has managed to keep its numbers relatively low. the images that can be forgotten in march italian military trucks carried dead bodies away to relieve been overloaded symmetry and. italians were gripped by grief and fear as the outbreak of the coronavirus pandemic paved society. now little normality has return

to replace shinzo abbay as leader of the governing party obvious close ally chief cabinet secretary yoshi hyde asuka seen here as is the top candidate and likely successor to lead the government 3 candidates will face off in an internal vote on september 14th. at japan's olympics minister says that the tokyo games will happen next year at any cost the olympics were postponed by a year until next july because of the coronavirus pandemic and there had been media speculation that the event could be scrapped but the commissioner said that japan owned it to the athletes to host the games no decisions have yet been taken on how many spectators will be allowed to attend officials are considering over $200.00 proposals on how best to deal with the virus. 2 australian journalists have now returned home from china after being in broyles in a 5 day diplomatic standoff between beijing and australia and michael smith of the australian financial review and build burgos from the public broadcaster a.b.c. had sheltered in australian diplomatic missions following the raids on their homes before their depa

is the only survivor japan's governing party has elected its new leader to succeed actions or he's yoshi he's still got is a long time allie of the outgoing prime minister the liberal democratic party leadership vote paves the way for suger to replace him in a parliamentary vote this week. as we face the nationwide crisis of the krona virus outbreak we cannot have a political gap we need to overcome this challenge in order for every single person in japan to have a safe and stable life i need to proceed with what prime minister abbott has been working on and move it forward i believe this is my mission. refugees on the greek island of lesbo also being moved to a new science after their camp burnt down they're demanding humanitarian assistance and they want to be taken to the mainland strong winds are complicating efforts to battle catastrophic wildfires sweeping across the american west coast at least 33 people have died and thousands of homes and businesses have been lost nearly 100 fires are burning now across 3 states in sudan thousands of people who lost everything to the floods a ca

he's taking on japan's yoshi—hito nishioka and it's started well for murray.e a deuce at the moment in fourth game of that first set. 49th in the world he beat dan evans earlier this year on the australian open. and there's commentary on that match right now on bbc radio five live sports extra and the bbc sport website — there's commentary later on dan evans' first round match against brazilian youngster chiago zybutch vilge, and also coverage of the all—british encounter betweenjo konta and heather watson. french riderjulian alaphilippe has kept the leader's yellow jersey at the tour de france after finishing fifth on stage four, won by one of the race favourites, primoz roglic. britain's adam yates was in the leading pack approaching the stage finish, that means he stays second in the overall rankings. but roglic underlined his tour credentials, with the strongest finish out of all the race favourites. he's up to third place overall. england's newest striker, mason greenwood, says it's a dream come true to be called into gareth southgate's squad for the firs

the front runner seems to be yoshi he does sue got -- yo shihida suga.y choice of the power factions. the other choice is the former foreign minister who is a little younger. 63. suga is 71. kishia is a former banker. he has little national profile. he is dovish. he is a former foreign minister. english speaker. of 47ds a faction members, which is the fourth largest faction. not a lot of weight within the big stalwarts. the other third candidate is also 63 years old, the former defense minister. he declared his candidacy yesterday. he has backed more populist policies for rural development and also tuesday said he is worried about stalling income growth. well far more resistant as to change the pacifist constitution and has cast doubts on the sustainability of easing. he is popular among the electorate, but he has very little sway internally within the ldp. he has his own faction, but with only 19 members he is probably a longshot. the ldp adopted an internal voting structure that gives weight to the more powerful factions, the kingpins within the party

much has been said about how shinzo abe's successor will continue abenomics, what does yoshi who is ceva mean for womanomics? said it is time for a woman to lead japan, but that will require changing a lot of minds in the male-dominated society. joining us to discuss all of that is goldman sachs japan vice mitsui.athy i particularly like the comment that said in japanese mythology, women are seen as strong, but it is time in real life, in society, in the corporate world, for them to take concrete leadership roles. rather than emotional leadership. do you think we will see more womanomics?in kathy: i am hopeful, although we have yet to see any concrete policy proposals be put forth by the new super cabinet although the cabinet literally just formed a few days ago, so it's a bit premature to judge. i am hopeful that the cabinet will address the fact that they did have an original goal of 30% acrossership positions all facets of japanese society being billed by women, and we fail to reach that goal. anquietly postponed that for undetermined period, which is the next decade. we would like to