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tv   Asia Business Report  BBC News  January 10, 2019 1:30am-1:46am GMT

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you're watching bbc news. i'm babita sharma. our top story: theresa may loses another vote on brexit in parliament. mps give the prime ministerjust three days to come up with a new plan, if her deal with the eu is rejected in a crucial vote next tuesday. trump shuts down the shutdown talks. the us president walks out of negotiations with democratic leaders, calling it a "total waste of time", after they again refused funding for his border wall. the democrats told reporters he had a temper tantrum. and lots of you have been looking at this video on our website. hundreds of thousands of dead fish have been found floating in the darling river in australia. local residents say it's environmental mismanagement, but authorities blame a recent cold snap. stay with us here on bbc world news. and another story for you here in the uk: the conservative mp for south thanet, craig mackinlay,
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has been cleared of breaking the rules on election expenses during the 2015 general election. now, live to singapore for asia business report. trade war signals, china says three days of talks with the united states have moved the world's two biggest economies closer to ending their dispute. robot peaty, how this gadget could soon be scribbling on your walls. —— graffiti. gadget could soon be scribbling on yourwalls. —— graffiti. good morning asia, hello world. it is a thirsty, glad you could join us for another exciting addition of asia business report. —— thursday. we start off with china's commerce
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ministry and it has described this week's talks with the us is extensive, deep in detail. the two sides have established a foundation for the resolution of each other‘s concerns and they have agreed to maintain close conduct, but earlier the trump administration said china had promised to purchase a substantial amount of agriculture, energy and manufactured goods and services from america. for the latest, i'm joined now by a colleague and business reporter, mariko oi. very detailed yesterday, there were more details. we want information. if you take a look at the nikkei and 225 today, they are quite disappointed with the information released today. we've been talking about this all week. we are broken record is. exactly, we wa nt to are broken record is. exactly, we want to find out the details of what they might have discussed and what kind of detail they might have come to that all we got was that kind of
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progress was made that no details. i think the big question is whether or not they discuss how they approach that, the fundamental structural changes that washington has been demanding, we are talking about intellectual property and what the us trade representative describes as forced transfer of technologies. we are talking about foreign companies being asked to share their technological information with their chinese partners in the us is not alone in complaining about this, the eu has also filed a complaint about it but we did not get any of those details, i think we'll get more now, about china buying us products. that was expected and whether or not that structural change, and whether they can come to an agreement, remains to be seen. investors in the markets hungry for more information about what transpired during the past three days of negotiations but, of course, these two countries are now being pushed into a corner because in the latest economic reports, they are starting to impact their
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respective economies. indeed, and especially china. we are seeing more and more evidence of slowing growth, negative consumer confidence, so we saw car sales falling for the first time in two decades yesterday in china and, and of course we all remember that surprise warning from apple that demands a smart phones has been falling, slowing, as similar announcement from samsung as well. so they really have to address theseissues well. so they really have to address these issues but whether or not they can getan these issues but whether or not they can get an agreement remains to be seen. before march one, hopefully. let's keep our fingers crossed. thank you so much for that update. that shift our attention now to the us federal reserve and a signal that it may take more time before raising the cost of borrowing yet again, and the cost of borrowing yet again, and the minutes of the central bank's last policy meeting reveals that volatility in the national markets and manage inflation are encouraging them to take a more cautious approach to interest rate hikes.
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that is after the bank decided to hike the rates by a point during that meeting. it was surprising in some ways how cautious policy makers we re some ways how cautious policy makers were feeling, when you compare it to the statement that they issued at the statement that they issued at the time. it clearly means that behind the scenes, there were a lot more nervous about the sort of negative data that was coming out about the economy. we have volatile stock markets, growing concerns about growth, and of course, it has caused tensions over trade. —— tensions over trade. all this came against a backdrop of one policy makers were deciding what to do about interest rate hikes. inflation seemed to be controlled, and a nalysts a re seemed to be controlled, and analysts are taking this to mean that perhaps, although they have stated that there could be to rate rises this year, it may actually turn out to be more like one rate rise. in other business is making headlines in the uk, neville conservative mps joined forces with
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labour to inflict a fresh low on theresa may's government in a commons brexit vote. —— labour. this means the government will have to come up with revised plans within days if theresa may's brexiteer was rejected by mps next week. it could also open the door to alternatives, such as the second brexit referendum. theresa may will meet with the japanese prime minister shinzo abe today, they will discuss trade alternatives after brexit. they used the uk as a base for their european operations. —— many japanese companies have made plans to leave the uk because they used the uk as a base for their european operations. there is a report that her that she is considering axing a project due to cost is. is on chief
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executive geoff bizos and his wife mckenzie at a divorce after 25 year marriage. —— jeff bezos. mckenzie at a divorce after 25 year marriage. ——jeff bezos. full stop no details of a divorce settlement have been published but analysts say he may need to find a new structure to ensure that he still holds enough voting power to control the amazon company. according to a survey, companies in india at read about the future of the economy as growth is to be driven by strong domestic demand and an increased focus on export markets. let's crossover now india business reporter in mumbai. basically, what the indian government said is in line with the world bank forecast with. —— report.
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that's right, if you look at the report, it is actually that this report, it is actually that this report has maintained the gdp outlook for india this year at 7.4%. that is good news for the government and also the markets, i would say, boothill closely, they are expecting consumption is to remain strong and investment to pick up. —— if you look closely. consumption has picked up look closely. consumption has picked up compared to the first half of the year that there are other factors as well, there still no clarity on that front because if you look at exports, exports continue to struggle if you look at the strength over the last four or five years. yes, when indian rupee had weakened considerably against the us dollar, exports to go up and still, they are quite low compared to their previous highs, and the second problem is that if you talk about investments,
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yes, public investment is up, which means the government spending more money but if you look at private consumption, that is still very, very low. there are still some doubts but clearly, the report suggests that things are improving. it looks like it is bright skies for the indian economy. thank you so much forjoining us from mumbai. now to the ces tech show in las vegas. how about a robot which can write on your walls with mike pence? yes, no? well, our reporter went to test it out. —— with pens. this robot rights on your walls. it can transform into a work of art. we have brought into the bbc studios to give them a bit ofa the bbc studios to give them a bit of a challenge and does have long, so we will see how does. why did you come up with the idea of a robot
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that writes on walls? here on ces, there are some innovations coming that they were bringing more pixels and more dust into our lives, so we thought that we want to create a technology, something innovative, that was able to remind us that beautiful things take time. certainly, it has been very slow to draw this, why does it take so long? because actually, the point is not having things happened last year. we wa nt to having things happened last year. we want to bring art. when i was young, mosul tips would drive up if i left the tops off. that is the recommendation we give, once you have used it, unless you put it in you join have used it, unless you put it in youjoin an have used it, unless you put it in you join an existing or 20 minutes, the best recommendation is taken away. just taking a look, it has done a pretty good job there. the software, the code inside, we are making constant improvements, that is like a constant process. we are making improvements every minute of the workday. scribble it on the
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wall, that report from our tech reporter chris fox at the ces tech show in las vegas. let's take a quick look now at the markets. if you take a look at wall street overnight, it rallied for a fourth straight session. unfortunately for asia, is a story. the nikkei 225 down. it seems like investors are taking profits after the market is rallying the over the pass make two trading sessions. thank you so much for investing your time with us. i rico hizon. we will be back in the next hour, bye for now. —— i am. this is bbc news. the top stories this hour: theresa may's suffered another brexit defeat in parliament. the pm will be forced to come up with a new plan within three days, if the vote on her withdrawal doesn't pass next week. donald trump's been accused
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of having a temper tantrum, by the democrats, after he walked out of negotiations over the government shutdown. police believe a 14—year—old boy who was murdered in east london last night was the victim of a targeted attack. detectives say jayden moodie was knocked off a moped by three men in a car, who then got out and fatally stabbed him. the vehicle thought to have been involved, has now been found. 0ur correspondent adina campbell reports from leyton. those who knew jayden moodie say he was outgoing and knowledgeable, with an interest in nature. the iii—year—old, who was underage, had been riding a moped illegally in this part of east london, when he was hit by a car yesterday evening, in what police say was a targeted attack. he was then stabbed multiple times by a gang of three men, and died at the scene. his death has devastated this local community. jayden called me granddad. he was going to start the boxing training. his auntie, and that, they bought him gloves,
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they was setting him up. so it's not that jayden didn't have any future. the teenager is the youngest victim of knife crime in london over the last 12 months. leyton is a busy part of east london, but it's known for problems with gang—related violence and drugs. a report last year found that those gangs were increasingly using young people and gps technology as part of their competitive criminal activity with rival groups, and in some cases, inevitably, leading to people losing their lives. yeah, i have a 14—year—old son myself, that i'm very concerned about. and i'll do anything i can to protect him. you know, and thinking that somebody, some parent, has lost their child, and they ain't coming back, it's deeply, deeply upsetting. last year was the worst for violent crime in england and wales
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since 2011, and in london alone, 132 people were killed. more than half of those cases involve knives. since last night's attack, police say they've stepped up patrols in the area, including at local schools. absolutely shocking. i didn't sleep last night thinking about that, and i think about his family and his friends, what actually happened there? 1a years old. the police are here. i'd like to reassure them, in terms of our efforts every single day to keep them safe. so far, no—one has been arrested, but police say they're continuing to make house—to—house enquiries as part of this latest murder investigation. adina campbell, bbc news. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: quite some goalfrom the turkmenistan captain
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at the asian cup — but he can't stop his side losing to japan. gabrieljesus scores four as holders manchester city beat burton albion 9—0 in their league cup semifinalfirst leg. and south african geniel de villiers has engine trouble during stage three of the dakar rally costing him the lead hello and welcome to the programme where we start with football news from the asian cup which is in full swing and there was a scare for the four time champions japan in their tournament opener. but they recovered to win 3—2 against turkmenistan on wednesday. elsewhere, two second half goals secured the 2022 world cup hosts qatar a 2—nil win over lebanon as anneka radley reports. having reached the last 16 in nasty‘s world cup, japan are a team

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