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tv   Asia Business Report  BBC News  January 23, 2017 1:30am-1:46am GMT

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the new president has taken issue with estimates of the size of the crowd at his inauguration on friday. the white house chief of staff, reince priebus, has accused parts of the us media of trying to undermine mrtrump. rescue workers in central italy are continuing to search for 23 people still missing after an avalanche destroyed the hotel where they were staying last week. nine survivors have been pulled from the ruins so far. and this video is trending on two people have been gored to death in a bull—wrestling festival in tamil nadu in southern india. it comes just a day after a ban on the controversial event was overturned. that's all from me now — stay with bbc world news. and the top story here in the uk — labour has called on theresa may to make an urgent statement in the house of commons, about a problem with a trident missile during a test last summer. now on bbc news all the latest business news live from singapore.
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the new us president get to work. but that gets to work. we find out what it might mean for asia and we go tojapan what it might mean for asia and we go to japan where the suicide of an overworked employee has triggered an nationwide debate. hello and welcome to asia business report. i am sharanjit leyl. while the hard work begins for the incoming president, donald trump, who has taken the office with the promise to put america first. he urged businesses to buy american and higher american. said overseas industry has been enriched at the expense of american industry. what are we likely to see from him in his first week at an office was to mark
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i spoke with david willis in washington and asked him if america first mean, the rest of the world second. trump making that point in his inaugural address, it is about putting an america first, it is about reclaiming jobs which president trump believes have been lost to these trade agreement which, in many cases, arejust lost to these trade agreement which, in many cases, are just not lost to these trade agreement which, in many cases, arejust not fair, as far as america is concerned. what he plans to do is withdraw from the trans—pacific partnership, plans to do is withdraw from the tra ns—pacific partnership, the plans to do is withdraw from the trans—pacific partnership, the trade agreement which some say it by doing so agreement which some say it by doing so will strengthen china's hand. this was a major part of president obama's trade dealings. he wanted to pivot towards the south east asia pacific region while donald trump believes there is nothing better the us. he plans to tear up that agreement. he was to renegotiate
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whether north american free trade agreement is concerned. he wants to hold leaders —— talks with leaders of canada and south america with looking to renegotiating, provided america can get a good deal. early days yet, we know. he is yet to get into his first week. will he backed his statements with policies? where possible he seems intent on doing so. possible he seems intent on doing so. tomorrow, his first full day in office, his first weekday in office, he will sit down and find various executive orders and in many cases, those will be repealing executive orders that barack obama brought into a fact and trade is likely to be top of the agenda for president trump this week. he is very clearly intent on seizing the initiative while he hasn't as far as the
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publicity is with him and it will be interesting to see what he does about building that wall along the mexican border. he is to meet with the mexican president as i mentioned, in the next couple of weeks. although relations have been back on an even keel, there is consternation over that pledge by donald trump. it will be interesting to see how he plans to pull it off. david willis. asia is expected to be a key focus for asia is expected to be a key focus foertrump and he asia is expected to be a key focus for mr trump and he is going to take a much more tough line on china. he is going to withdraw america from the tra ns—pacific partnership. earlier, i asked what it will mean for the trade deal if the us is not a part of it. a think ttp without america is pointless. even though you have some countries saying they will push ahead, i don't see there is much
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benefit from that unless america is going to take part and it's quite clear they not going to. and beazley the signal is sent to the rest of the signal is sent to the rest of the world is not a good one. it sends a signal that the us is becoming protectionist. —— and the signal that is sent. trump seems to see it as a zero—sum game. if you win, i lose. see it as a zero—sum game. if you win, ilose. it see it as a zero—sum game. if you win, i lose. it implies a more aggressive approach against china. these are the two worlds most largest economies. any souring of the trade relationship will have repercussions elsewhere. he said he will label china currency and the liquidators —— currency manipulators and will put tariffs on goods from china. these goods going into china are re—exported. it affects the whole of asia if he goes ahead. we
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can expect some level of tariffs against china. the issue is how will they respond? against china. the issue is how will they respond 7 do against china. the issue is how will they respond? do they respond in a conservatory way and address some of the complaints and stabilise the currency or do they respond with their own retaliation and depreciation against the dollar in which case the whole thing could escalate in a dangerous fashion. indeed, as you say dangerous. should we start to the asian policymakers perhaps tailoring their economic policy in reaction to trump? it's ha rd to react policy in reaction to trump? it's hard to react to something which is unpredictable. i think as we have seen, unpredictable. i think as we have seen, you unpredictable. i think as we have seen, you do not know what it is doing next. he doesn't know. you can start to become closer to china, knowing that america is moving further away but it's hard to know what sort of contingency plans to put in place, i imagine, if you are running the economy. in other news:, korean and lecture
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next giant samsung has released its investigation into its galaxy note to smartphones which were recalled because they overheated and caught fire —— note seven. the manufacturers of the batteries were to blame. it cost the company $5.3 billion. nevertheless, the firm expects profits driven by its booming airship business. fox, the largest electronics maker is considering setting up to play ash display making plant in the us. it will be $7 billion and be generate manyjobs. it will be $7 billion and be generate many jobs. they it will be $7 billion and be generate manyjobs. they will have to be negotiated at state and federal levels. there is a new executive person
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taking over japanese giant. there is a new executive person taking overjapanese giant. he is going to re—establish trust in the company and the moves comes after this man stepped down last week to ta ke this man stepped down last week to take responsibility for the death of a 24—year—old employee who took her life on christmas day in 2015. that is after complaining about excessive working hours. after spending 20 hours at work today, i can almost laugh because they don't even know why i exist. what will be left of me, even if i survive these stressful days, thinking i want to die everyday. these were the days of this 2a—year—old, ten days before she took her own life. her death is part of the phenomena and known as death from overwork. this was first
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recognised 30 years ago, although there have been cases of suicide, there have been cases of suicide, the majority of these cases are medical where employees suffer heart attacks and strengths. in 2015, claims of karoshi rose to a record of 2300. this woman worked a top advertising agency dentsu. authorities raided their officers. they will be new rules to implement to tackle this. the former executive apologised but given how entrenched this is in japan's apologised but given how entrenched this is injapan‘s work culture, will these changes be made? earlier, i put this question to a man from the school of management in japan. hejoined us by webcam.
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he joined us by webcam. this is putting a bandage over a big wound. moreover, i am say they are putting a bandage over a stomach ache. it is almost irrelevant. legislation about overtime hours. it is not the problem. it is much deeper rooted. that is basically japanese cultural attitude towards work. the reason why people work such long hours in japan is not to reduce group activity but basically that's how we work. we tried to get consensus on tea m work. we tried to get consensus on team effort basis. human relationship is more important than the result. this is one of the reasons why it is taking so long in getting things done injapan. 0nce it is decided it is great, it is straightforward but this is where the real problem lies. this cultural attitude towards work has to start
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changing or else we are going to have this problem over and over and over again. that look at the markets before we go. it is turning out to be a blue monday here for these markets. the nikkei is down, australia is down, this is due to what the protectionist policies that we are seeing, concerns of them rising, with the new trump administration. of course the us dollar is also slipping. it is leading to a sell—off in exporters. thank you for watching. i'm babita sharma. our main story this hour. donald trump's battle with the media continues as his team accuses the media of trying to "de—legitimise" his presidency. the prime minister has confirmed she'll visit the us to meet president trump on friday — the first world leader to meet him since his inauguration. mrs may said britain's ‘special relationship' would allow her to speak up when she disagrees with president trump. here's our political correspondent susanna mendonca. as britain pulls away from its ties
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with the european union, it is looking to rekindle old alliances with a brand—new american president. the special relationship between the uk and the us has been strong for many years. we have opportunity to talk about tough possible future trading relationship but also some of the world challenges we all face. issues like defeating terrorism, the conflict in syria... comparisons will be drawn to another female british prime minister who forged a close relationship with a populist us president. ronald reagan and margaret thatcher were united in their free—trade margaret thatcher were united in theirfree—trade aims margaret thatcher were united in their free—trade aims back in the 19805 and it's been reported that donald trump has already referred to theresa may as he is maggie. but no previous us president has been so unpopular with so many. in particular, with women. they turned
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out in their hundreds of thousands to protest against him in america yesterday and in cities including london. this is made wouldn't be drawn, though, on whether she plans to challenge mr trump on what he said about women —— mrs may. rola the fact i will be there as a female prime minister, president of the uk —— prime minister of the uk, talking to him. the talks between she and mr trump will be around making a trade deal with the us after we leave the eu. we have also spoken about the importance of a trade arrangement with the uk. that is something that they are looking to talk to us about in an early stage and i expect to be able to talk to him about that alongside other issues. if mr trump's inauguration speech is anything to go by, he is more focused on protectionism than free trade. he is saying he will put
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america first. critics say the government should be cautious about putting the us trade ahead of an eu deal. killam no trade with america, however ambitious, can replace or match what we will potentially lose on our own doorstep with europe —— no trade with america. mrs may knows she needs trade options elsewhere. this week's meeting with the us president is a first step in that direction. that is it from me. here is a sport today. hello, we're live from the bbc sports centre. i'm marc edwards and this is sport today. here's what's coming up on the programme: diego costa scores on his return to the chelsea team, as they beat hull city to move eight points clear at the top of the premier league. it's heartbreak for the hosts. gabon are out, but cameroon and bukino faso book their place in the africa cup of
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nations quarter—finals. ‘rocket‘ ronnie comes roaring back to win a record seventh masters title at the ali pali, in london. hello and thanks for joining us on sport today. all of those stories still to come. first, we start down under at the australian open, as top seed serena williams continues her quest for a record breaking 23rd grand slam title. she's on court right now taking on the czech republic's ba rbora strycova. seemingly on her way to the quarter—finals. plenty of breaks of serve in the first set for both players. williams with a lot of unforced errors, but she came through when it mattered most. must be said that strycova, the world number number 16, saved seven set points, but the eighth one was the one that mattered for williams. the second set is far more straightforward. she is on serve with a


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