tv Asia Business Report BBC News September 25, 2019 2:30am-2:46am BST
this is bbc news. the headlines: democrats in the us congress have announced a formal impeachment inquiry into president trump. the speaker of the house of representatives, nancy pelosi, accused him of violating the constitution and betraying his oath of office. he's called the move a "witch hunt" and "presidential harrassment". the uk's highest court has ruled that borisjohnson‘s decision to suspend parliament was unlawful. the prime minister says the verdict is wrong, in his opinion, but will respect it. but leaders of all major opposition parties have called for his resignation. a major operation is continuing to bring more than 150,000 people back to the uk after the collapse of thomas cook. around 16,000 passengers were repatriated on tuesday. emergency flights are set to continue for another ten days. you can find more on all our stories
on our website, just go to bbc.co.uk/news, or you can download the bbc news app. now on bbc news, live to singapore for asia business report. historic uk ruling, as britain's supreme court finds the prime minister's suspension of parliament was unlawful, what does it mean for brexit? 0ut out of the office. wework‘s embattled chief executive stepped aside after the company's stock market listing plan ran into trouble. good morning and welcome to this wednesday edition of asia business report, live from singapore with me, mariko 0i.
beginning with brexit, because the british parliament will reopen later after the supreme court ruled prime minister borisjohnson‘s request to suspend it was unlawful. british mps have a lot to do in the lead—up to leaving the european union, so what happens now? october the 14th is the queen's speech, which officially opens the new parliamentary session. three weeks later, the key parliamentary council meeting, that last for three days, will be one of the last opportunities for the british government to negotiate a new withdrawal agreement before leaving the bloc. the 31st of october is the key brexit date and as it stands, the last day the uk will still be part of the eu. parliament has passed a bill requiring mrjohnson to ask for an extension if there's no deal in place by the end of the eu meeting. the big question is, will there be another general election and if so, when?
most analysts seem to think it could be as early as november with opposition leader, jeremy corbyn, saying he would support a call for an election once that brexit deadline has passed. well, earlier i asked our political reporterjessica parker whether the developments offer any more clarity on brexit. i wouldn't say there's any particular new clarity on brexit now that mps are heading back to parliament over the coming hours. i think the significance of it is even though the british government and the prime minister, borisjohnson, insisted the prorogation, suspension of parliament, was absolutely not about dodging parliamentary scrutiny, mps who felt they had been silenced will come back to parliament wanting to make quite a bit of noise and really hold boris johnson's feet to the fire over a number of things, including his brexit strategy.
one thing that has a majority in the house of commons is to stop a no—deal brexit, that could be at odds as boris johnson's do—or—die pledge to leave on the 31st of 0ctober. he says he wants a deal but if he can't get one he will take the uk out of the eu on the 31st of october. i think the return of mps to the house of commons will make his life and his plan harder to deliver. as parliament is about to sit again, what's the atmosphere in westminster right now? we often use the word febrile in westminster to describe the atmosphere, but today has been a slightly odd one. the ruling came in uk time mid—morning and then i went over to the house of commons to see what on earth was going on. because parliament had been prorogued, although it's basically been un—prorogued by the supreme court, it was open to tourists in the chamber with audio tours. the odd mp came in to say i am ready
to come in back to work. and taking a selfie. parliament wasn't up and running today but over the coming hours as today goes on into wednesday, parliament will be up and running with mps returning from all corners of the country, not to mention all corners of the globe, because some had gone abroad. jessica parker on that historic ruling in the uk. in other business news making headlines, the us dollar and wall street shares have dipped as it emerged that a formal impeachment enquiry will be launched into donald trump over claims he sought political help from ukraine. the decision by top democrat nancy pelosi follows growing demands from her party. she said the president "must be held accountable". the value of bitcoin has slumped by about 15% against the us dollar, hitting a 3.5 month low. the world's biggest cryptocurrency has lost more than a third of its value since early august. adam neumann, wework‘s chief executive, has agreed to step down in the "best
interests of the compa ny". he will remain on the company as a non—executive chairman. their market listing ran into trouble after investors raising concerns about losses and governance. back in mid—august, wework‘s initial public offering was hotly anticipated with investors valuing the firm at $47 billion with revenues doubling over the past year. a month later, it's all come crashing down for adam neumann, the man credited for wework‘s success, up until now. new investors were highly sceptical about wework‘s mounting losses and the business that could be left extremely exposed in a recession. the value of the company quickly plummeted to less than $20 billion and as part of that fall from grace, neumann‘s own behaviour came under scrutiny. investors worried he had
to much control over the firm and at times used that to enrich himself personally. he will be replaced by two co—chief executives, wework‘s current ceo and its vice—chairman, sebastien cunningham. is now launching ahead of the wily and the sarah —— two large cultural events. in india. i'm at one of amazon's new fulfilment centres in mumbai,
which will be used for packaging, storage and deliveries. it's all part of their expansion plans within the country. it's had a presence here since 2013 and it has invested $6 billion so far, but it's yet to make a profit. i spoke to one of the company's vice presidents about some of the challenges his firm faces. one of the big ones will be transportation, and the infrastructure in the industry. if you look at it as amazon launched in india, they had ot launch their own transportation company and we also work with sellers and identified an area, finding the right services. sellers wanting to fulfil their own orders, we gave them a shipping service. we are focused on single—use plastic. we've brought it to almost less than 7% and we are committed byjune, 2020 amazon india will have zero single—use plastic. if you look at the infrastructure
around us, this infrastructure is likely to create up to 2,000 job opportunities for the next couple of months. we've created infrastructure for small and medium enterprise sellers to bring in inventory and by bringing that to one location, we can serve the whole nation. around 2,000 workers will be employed at this centre as e—commerce firms continue to expand throughout the country, but one of the challenges that still remains is the it infrastructure in the country because despite the heavy investment, it still remains unreliable in certain parts of the country. let's now show you the markets before we go. it is in markets are trading lower by more than 0.5%. japan's nikkei and australia's all 0rdinaries down. the hang seng is down lower as well. wall street falling overnight in volatile
trading after the post from democrats to impeach donald trump gained momentum. we will continue to monitor the reaction to the impeachment proceedings. that's it for this edition of asia business report. thanks for watching. just a reminder of the top stories this hour from just a reminder of the top stories this hourfrom bbc news. us democrats have launched a formal impeachment inquiry against donald trump over claims he pressured the president of ukraine to investigate his political rival, joe biden. the british prime minister, borisjohnson, has defended his decision to suspend parliament — after it was ruled unlawful unanimously by the supreme court. so away from the tension and drama in westminster, what do voters in other parts of the uk make of what's happened? this week bbc news has been reporting from stoke—on—trent. the city with highest leave vote in 2016. 0ur political correspondent
alex forsyth has been getting views from there, and from altrincham, which voted remain. bbc radio stoke. it seems there is a prevalent view, leave or remain, people are simply fed up with how brexit has been handled. people are simply fed up with how brexit has been handledlj people are simply fed up with how brexit has been handled. ijust don't know anymore, i've just lost the will to live. i can hardly bother anymore. in stoke, frustration is right as well as confusion about what happens now, there is just as confusion about what happens now, there isjust as much confusion about what happens now, there is just as much anger at westminster at boris johnson's actions. if the court says it is unlawful, it's unlawful, but the question now is where do we go from here? i think the guy has got the country apart, trying to get as they deal and what we voted for. that is the new number ten is counting on, their strategies to win support in areas that voted leave. these are
areas that voted leave. these are areas where the tories will target if there is an election, and they are hoping the do or die brexit attitude will help. in stoke, these stu d e nts attitude will help. in stoke, these students attend staffordshire uni from across the country. in this situation, we need to come up with a solid solution that everyone is going to agree on. we need everyone to work together, we know it is hard at the moment with everybody kind of at the moment with everybody kind of at each other's next, but again, what brexit is doing is tearing communities apart. —— necks. what brexit is doing is tearing communities apart. -- necks. split is don't of course depend on location, but frustration at this whole rack that process seems to be cross—country. alex forsyth, bbc news, stoke—on—trent. now on bbc news sport today with mark edwards.
hello. this is sport today, live from the bbc sport centre. coming up on this programme: newly promoted brescia take a shock lead against the mightyjuventus, but the old lady fights back. successful start for samoa as they see off russia in their rugby world cup opener. and we'll meet the three scandinavian siblings competing at the world athletics championships in doha. hello and thanks forjoining us. we start with football, and the italian championsjuventus maintained their unbeaten start to the new season by winning at brescia on tuesday night. that's four wins and a draw from their first five games. they had to come from a goal down after the home side took a shock lead through alfredo donnarumma with this rocket after only four minutes. by half—time, juve were level when a cornerfrom paulo dybala was deflected in by brescia's venezuelan defenderjhon chancellor.
midway through the second half, miralem pjanic won it forjuventus with a low drive from the edge of the penalty area. the win takes the champions back to the top of the table a point ahead of inter milan. in the night's other game, verona were held to a goalless draw by udinese. both sides remain in the bottom half of the table. barcelona are back to winning ways following their shock loss to granada at the weekend. they beat villareal 2—1 at home, but something of a pyrrhic victory as they lost lionel messi to injury on his first start of the season. the newly crowned fifa player of the year set up antoine griezmann for the opening goal, but came off at half—time with a thigh injury. arthur had put barca 2—0 up before a santi cazorla goal pulled a goal back for the visitors, so it's just a third league win in six matches so far this season. but that victory drags barca up to fourth. one point behind surprise
package granada whose draw at real valladolid was enough to send them top. real betis meanwhile beat levante 3—1 with two goals from loren moron who has five goals in fivee games now. —— five games now. incidentally, there was a shock result in the english league cup on tuesday. tottenham hotspur, who were champions league finalists last season, were beaten on penalties by fourth—tier side colchester united. a bad day at the office for spurs. staying with football, uefa have confirmed the venues for the champions league finals for the next three seasons. this season's final will held in istanbul, and then after that, the 2021 final will be held at the gazprom arena, the home of zenit st petersburg. it'll be the first champions league final played in russia since 2008 when manchester united beat chelsea on penalties in moscow. in 2022, the final will held at the allianz arena in munich, the home of bayern munich, who lost on penalties to chelsea when the final was played there in 2012.