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tv   Asia Business Report  BBC News  January 6, 2017 1:30am-1:46am GMT

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appearing before a senate committee, james clapper also warned russian cyber attacks posed a major threat to the us and beyond. a car bomb in the turkish city of izmir has killed two people. police say they shot dead two militants thought to be behind the attack. a third is still on the run. and this video is trending on bbc.com. it's the ice and snow festival in harbin, one of china's coldest cities. visitors have been flocking there to enjoy attractions such as the ice slides. the festival runs for 60 days and draws several million tourists every year. that's all from me now. stay with bbc world news. and the top story here in the uk: the way domestic abusers are dealt with in family courts in england and wales looks set to change. the justice secretary liz truss is planning to stop the practice of alleged abusers
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questioning their own victims. now on bbc news, all the latest business news live from singapore. us president—elect donald trump pics on japanese car maker us president—elect donald trump pics onjapanese car maker toyota for its plans to build a new plant in mexico. and a new gadget for cyclists, one that tracks your performance while keeping your eyes on the road. hello and welcome to asia business report. shares of japanese car maker toyota are down1.5% shares of japanese car maker toyota are down 1.5% right now after tumbling 3% earlier this morning. this comes after president—elect donald trump tweeted that if toyota goes ahead with plans to build a new plant in mexico, especially for its corolla car model, instead of the us, then it faces a big border tax
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when it ships cars north. toyota announced in april that it would build a $1 billion macro —— carolla factory in mexico. i asked if there had been any reaction to that latest tweet. toyota was quick to respond to the latest tweet by the president—elect and they said quickly in a statement that they employ someone and 36,000 people here in the united states and that the production in the united states would not be impacted by this facility that they are planning to build in mexico. they also talked about just how many build in mexico. they also talked aboutjust how many millions of dollars of us investment that the company brings here, so it was really quick to talk about its achievements in the us and offcourse that it achievements in the us and offcourse thatitis achievements in the us and offcourse that it is looking forward to working with a trump administration. why do you think he is particularly going after the auto industry this
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week? this is really part of mr trump's america first policy. this is something he campaigned on and right now we are really seeing him call some of these companies to task. he wants to see companies that are manufacturing things, to make them in the us, and if they don't he wa nts to them in the us, and if they don't he wants to see them pay really heavy ta riffs wants to see them pay really heavy tariffs on those items that they are going to be selling in the us. this is really pa rt going to be selling in the us. this is really part of the more protectionist language that we heard from mrtrump and protectionist language that we heard from mr trump and that will be carried through to his administration, especially when you look at some of his appointments. samsung electronics says it expects to make $7.8 billion in profit in the final quarter of last year, that's a jump of 50% from the previous year and better than many a nalysts previous year and better than many analysts were expecting, thanks to sales of memory chips. samsung
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embarrassingly stopped sales of its samsung galaxy note 7 phone after reports of them catching fire. we are joined reports of them catching fire. we arejoined by a reports of them catching fire. we are joined by a technology co nsulta nt are joined by a technology consultant from idc. memory chips have offset concerns about the galaxy note 7, but you were expecting this? when you look at a lot of the headlines in the past couple of months it has always been about exploding batteries, doom for samsung, that's not their only business. if anything, what really driving things is the strong memory, they have high memory and demand from mobile phone makers and it also displayed, this small, high end screens that are increasingly going into a lot of high end phones. really helping them. they are very profitable businesses, so these businesses are behind the scenes of the mainstream consumer and that's what is driving it. at the end of the day what happened to the galaxy note 7, as painful it was, itjust
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bounced right off because all of these other businesses helped it. bounced right off because all of these other businesses helped itm is to use a that's because there are many concerns that it will impact them and their reputation. will that follow samsung into this year and how can it continue to stay profitable? it still is a cloud lingering over their heads. they still haven't explained what caused those exploding batteries. the good thing is a couple of days ago at the consumer electronics show in las vegas they said something was coming $0011. vegas they said something was coming soon. they didn't say exactly when. they will explain what happened. what that will be key to the reputation, got until then people are still worried. they are the butt ofjokes. if you buy a samsung it will explode. they have to make it clear what went wrong, why it won't happen again and they have to get this announcement soon announcement 110w. this announcement soon announcement now. of course there's the arch rivalry with the mac and iphone. because of the galaxy note 7
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scandal, apple's iphone 6 was said to be the most popular smartphone. how can samsung regain ground?m terms of popularity, there are different ways to measure it. in terms of market share, samsung still has a commanding lead and it is continue to have that. they are just at the high end, have a low—end and that carries things through. but as you say what about from a mind share perspective? that will depend on the user. some are apple's fans, others are android fans. the rumours we are hearing about the next galaxy, maybe no home button, stuff around ai. so there is interesting stuff, if these rumours are true, that could end up being a nice product for them, but they have to get the battery
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reputation behind them. we look forward to the next big product. thank you so much for that. will it bea thank you so much for that. will it be a better year for asia's thank you so much for that. will it be a better yearfor asia's property markets this year, after a mixed bag in 2016? property markets in china and australia remain strong, driven by growth in major cities, there's a different in much of southeast asia where growth was more subdued. which markets are likely to do well in the coming 12 months? here is the view from someone with a real estate firm. let's pick out some of these star performers. china, this has caught the imagination of many people. 20% plus price growth in cities like beijing and shanghai. so much so that the authorities have stepped in again to try to bring in cooling measures. elsewhere, australia has still been a steady performer, as you mentioned. this is like sydney and melbourne, still seem fairly reasonable price growth.
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and then places like new zealand, auckland continues to be a star performer. china and hong kong have been seeing growth, despite these measures. the government has tried to put in more measures and are regulating the finance, trying to impose some capital controls. what impact might this have full bell? -- might this have? it is difficult to say. 0ver might this have? it is difficult to say. over the last 12 months with the number of cooling measures. it is difficult if you don't have the money to invest in certain cities. that's not to —— that has had a cooling effect. but ps3 and four cities still have a big overhang of supply. cities still have a big overhang of supply- -- cities still have a big overhang of supply. —— tier three and four. how could this impact the market? it could this impact the market? it could have a dampening impact on outbound but that could lead to the benefit of some chinese markets themselves. chinese investing in shanghai and beijing, instead of
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overseas. the annual consumer electronics show isa the annual consumer electronics show is a mecca for anyone interested in the latest high—tech gadgets and among them a type of smart glasses designed to make people fitter. smart glasses have failed to have much of an impact. people will remember google class. but it's believed these $500 glasses will succeed. these are some smart glasses, especially for cyclists. i am wearing them now. very fetching. it isa wearing them now. very fetching. it is a google glasses like setup. i can see the calories on burning, how fast i am cycling and the innovation. how high i am, if i was ona innovation. how high i am, if i was on a bike. you are the creator of this device. why is it better to have smart glasses than a little device on your handlebars eating it the same information? we are seeing
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an evolution of how people in different areas consume their data, especially sports, where data is becoming the norm. you are training to become better. there is standard technology out there for cyclists, that amount on handlebars, but we believe the evolution of how data is consumed is real—time, and so you don't have to get distracted. isn't it more distracting to have things projected over my vision? no, because you can see through the information. the information disappears when you focus beyond it for five metres and that information is actually on demand. when you change focused information suddenly appears in your field change focused information suddenly appears in yourfield of change focused information suddenly appears in your field of view, change focused information suddenly appears in yourfield of view, art at the same time you aren't losing your context because you are focusing on the road. in addition to the display you also have integrated speakers in the headset that are acoustically giving you directions for your training. so i don't have to look at my phone. why are these
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built into tinted spectacles? would it make driving or cycling at night more difficult? the lenses are interchangeable. there is a dark lens, but the user can change it for a clear and lens or a mirrored on. it is just another smart set of glasses, with technology built in. that ends this edition of asia business report. thanks for watching. this is bbc news. top stories: america's top intelligence official rules russian cyber attacks do pose a major threat in the us and says there is no doubt he tried to interfere with the presidential election. a car bomb in the turkish city of izmir has killed two people. police say they shot dead two militants thought to be behind the attack.
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a third is still on the run. the number of new cars sold in the uk hit an all—time high in 2016. the increase of more than two 2% was mainly due to high demand from business customers, according to the society of motor manufacturers and traders. but sales are expected to fall sharply this year, as our industry correspondent john moylan reports. 0nce, new cars were the preserve of the privileged few. not any more. these days, we buy cars like mobile phones. the reason we're all buying so many new cars is because the industry makes it so easy for us. in fact, the vast majority of customers are now effectively leasing new vehicles for an affordable monthly payment, rather than worrying about the overall sticker price. ivan foreman used to buy cars second—hand. now he doesn't have to. all of the options are now available with leasing and financing. i can now pay less overall
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on a monthly basis but still go home with a brand new car. you can probably now have a car like that for £10 a month more than your golf. this shift in how we buy cars is also changing the type of car we're buying, too. there's a real trend for people to buy more upmarket cars, because the monthly payments are usually not that much greater than buying a more mainstream vehicle and people are very badge conscious and they want the latest technology and that's what these premium manufacturers are offering. last year, total sales hit almost 2.7 million cars. that was up 2.3% on the previous year, which was also a record high. but the industry now expects sales to fall by more than 5% in the coming year. that's because consumer demand has been falling. it could get worse, amid the economic uncertainty ahead. what's more, higher prices are coming to forecourts. the pressure that comes from a lower value pound,
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to a certain extent does help exporters but the converse is it makes imports more expensive. around six out of seven cars we sell here are imported, so the pressure of that depreciation in sterling will undoubtedly flow through into price rises. the rising price of fuel won't help either. petrol and diesel have hit an 18—month high. after five years of growth, the car market could be in for a bumpy ride. the rmt union has accepted an offer from the transport secretary chris grayling to discuss the long—running dispute over operating train doors on southern rail. the unions argue the extension of driver only services, where drivers rather than guards open carriage doors, is u nsafe. guards open carriage doors, is unsafe. the industry regulator in system it's a safe method. time now for all the sports news in sport today. live from the bbc sport centre,
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i'm chris mitchell. coming up on sport today: the man who swapped the top in germany for the relegation zone in england. the bbc‘s african player of year wins again. and the world number one makes the semi—finals in doha. that was after some hard work. he had a job at one of the best clubs in europe. he left to coach one of the worst teams in the english premier league — swansea city, one off the bottom of the table. on thursday, paul clement — the former real madrid

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