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tv   Asia Business Report  BBC News  August 9, 2017 1:30am-1:46am BST

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with fire" following reports pyongyang has successfully miniaturised a nuclear warhead to fit it onto a missile. if true, it marks a significant step by pyongyang towards becoming a full—fledged nuclear power. north korea had earlier said that what it called the nuclear threat from the us had to be removed. presidentjacob zuma has narrowly survived a no—confidence vote. it's the eighth such motion he's faced, but the first to have been held by secret ballot. and this story is trending on bbc.com. music star glen campbell has died at the age of eighty—one. he was best known for hits including rhinestone cowboy lineman. he also played on some of the biggest records of the 19605 and the top story here in the uk: a man who was stopped at manchester airport with a pipe bomb in his hand
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luggage, has been convicted of possessing explosives with intent to endanger life. now on bbc news all the latest business news live from singapore. paying the price dashes economic of tough sanctions on north korea by its closest neighbour, china. and stem cell banking but is it worth the cost? it is a wednesday, good morning asia, hello world and glad you canjoin morning asia, hello world and glad you can join us. morning asia, hello world and glad you canjoin us. the words morning asia, hello world and glad you can join us. the words from morning asia, hello world and glad you canjoin us. the words from us president donald trump, fire and fury, frightening north korea if the country does not give up its newk
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ambition. —— threatening. but will they have any impact? —— ‘s nuclear ambition. more than $5 billion worth of good in 2015. the chinese foreign minister said that traditional economic ties mean it will mainly be china paying the price. he was referring to un sanctions slashing $1 billion in estimated value. i spoke to an economist who says china will not be severely affect dead. spoke to an economist who says china will not be severely affect deadli think china is a huge economy and it is basically importing from north korea coal, iron ore, seafood, things that are not banned under the un sanctions. it. importing idle and
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seafood and has already stopped importing coal. ——i all. the china, it has many alternative supplies. for coal it has already diverted other sources from domestic supplies 01’ other sources from domestic supplies or other global sources. in terms of iron ore if he gathered from brazil 01’ iron ore if he gathered from brazil or australia. donald trump also wa nts to or australia. donald trump also wants to him important —— impose trade barriers. the un security council putting bands is important. from the us perspective, they were going to reduce their efforts to put
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pressure on china in relation to trade differences because they really appreciated the chinese impose the new resolutions. really appreciated the chinese impose the new resolutionsm really appreciated the chinese impose the new resolutions. it will impact north korean economy by a third at what if they continue their tough stand and posturing? what is likely to happen next? there is still room to escalate sanctions and thatis still room to escalate sanctions and that is what secretary of state rex tillerson is doing by attending the asiago forum —— asked asean forum. also reducing thailand's link to north korea. taking a look at some
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earnings news. a fall in bad debts and commonwealth bank said there was and commonwealth bank said there was a rise as a result of being accused of breaking money—laundering laws more than 50,000 times. the bank is claiming a software glitch is to blame. more than $400 billion to be slashed as a restructuring for time link. it has been struggling with falling advertising and revenues as more people read articles online. the term has already cutjobs and its shareholder dividends to reduce costs. —— the firm. profitability
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falling by 9% in the three months to june two $2.4 billion because of higher programming cost and fall of television subscribers but what a surprise of the markets was the news that it plans to pull its movies from netflix. disney pulling out from netflix. disney pulling out from netflix, this is one less major providerfor the from netflix, this is one less major provider for the stream so first? from netflix, this is one less major provider for the stream so first7m is quite a big blow for netflix because the two companies had come to an agreement back in 2012 but that only kick in last year. net flick has hardly seen any benefit from the deal. now they are pulling all movies in order to start its streaming service. it makes sense for disney with all the movies and shows it can offer and in order to
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do so it is buying an additional state in the company to boost its video streaming. espn is going to start a video streaming. espn is going to starta similar video streaming. espn is going to start a similar service next year. espn has been losing a lot of money, particularly on the cable side, they have been cutting. what about some of those great movies like star wars? by not going to lose them just yet, netflix. disney says it. it from the new movies from 2019. so not the final star wars will be available. thank you so much for joining us. well, moving on. the
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third instalment of our series of running across the bbc. today we turn to india and the controversial topic of stem cell banking. in the future it is expected that these cells will be used to treat a host of genetic disorders and rebuild damaged tissue. some companies are taking advantage and making good money by offering the bank these stem cells. is this money will spent when the benefits are clear? —— unclear. moments after entering the well, this pay big l may have already saved another lie. her stem cells are being others that from the blood in her at umbilical cord. with hundreds of trials under way globally, one day they could be used
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to cu re globally, one day they could be used to cure a number of genetic disorders. this is the best time to harvest stem cells, rather than a painful procedure later in life. and there is huge potentialfor stem cell banking here. at moe people need to do what is happening here. india council 20% of the world ‘s population but less than 1% of stem cell donors come from here. that means the chances of finding a suitable match in india are extremely low. awareness is growing. a customer base of 250,000 people -50,000 a customer base of 250,000 people —50,000 signing up last year alone. asa —50,000 signing up last year alone. as a business expense, prices have come down. it costs just over $1000 to stall stem cells was 75 years. it is still a high cost for the average indian especially when the chance of
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using your stem cells for treatment at less than 0.01%. the benefit using your stem cells for treatment at less than 0.0 1%. the benefit was only limited to the baby but now we have made a way that parents can share stem cells at large and that increases the odds. it is a multi— folded benefit. experts agree that sharing stem cells will increase the chances of finding a donor exponentially. the concept of community banking encouraged first—time parents to bank their babies stem cells. we are very lucky that something will come from a baby to help babies in the future. although sceptics said the medical science is in the early stages, pa rents a re science is in the early stages, parents are willing to take a chance and pay the price to potentially protect their new arrivals. join us
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in the conversation online. we are asking whether stem cell banking is asking whether stem cell banking is a worthwhile investment in the future. let us know your thoughts. looking at the financial markets in asia... rising tensions between the us and north korea, the nikkei is down. and the all ordinary is getting back a 2.5 points ——8. thank you forjoining us. thank you forjoining us. the top stories this hour: as president trump warns north korea yet again, american intelligence analysts have reportedly said pyongyang can now produce nuclear warheads capable of reaching the us. the south african president, jacob zuma, has narrowly survived a parliamentary vote of no confidence against him. the parents of a seven year old boy — with a rare genetic disorder — have won the latest stage
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in their fight to get the nhs to pay for treatment they believe would be life changing. the child, known as s, has a rare condition which inhibits his ability to digest protein. the nhs has refused to fund a drug which could help control his condition on the grounds that it was ineffective. but a high courtjudge rejected that conclusion, as our legal affairs correspondent clive coleman reports. seven—year—old s, we cannot give his name for legal reasons, has the rare condition pku. if he has more than 12 grams of protein a day, which you would find in three slices of bread, he could suffer permanent brain damage. he also has severe autism and can't talk and so managing his diet is exceptionally difficult. s's nhs consultant applied for him to have a drug called kuvan which allows him to have more protein, but it costs £100 a day and nhs england has refused to fund it on the basis its clinical efficacy had not been established. that led to today's legal challenge.
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we are pleased that we have won the case. it has been a difficult two years trying to get this drug, but we know we are not out of the woods yet. mrsjustice andrews ruled that nhs england's refusal to fund kuvan was irrational because evidence that it was clinically effective was overwhelming. that does not mean s will get the drug, but it does mean that nhs england will have to reconsider his parents' application. in a statement nhs england said: if a child with pku is given kuvan, it can transform their life. nine—year—old alex was struggling at school. he has now been prescribed the drug.
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his concentration has soared and he can eat the same food as his friends. today's ruling only affects one child, but parents of children with pku will be encouraged a high courtjudge has found the clinical case for kuvan is a powerful one. that's it from me by now. don't forget you can get in touch with me on twitter — i'm @babitabbc. the wonderful mike kimberley is with you in 15 minutes time. —— mike embley. time now for all the sports news in sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: isaac makwala accuses the world
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athletics governing body of "sabotage" after being excluded from the 400 metres final. defending champion wayde van niekerk does run though and eases to victory. and real madrid retain the european super cup with a 2—1 win over manchester united. hello there and welcome to the programme. lots to get through. and it's the world athletics championships in london where we start. a real story has been brewing in regards to botswana's issac makwala who was forced to withdraw from the 400 metre final after he was diagnosed with a norovirus bug. we will have more on that shortly. olympic champion wayde van niekerk retained his world title in the olympic stadium, and ben croucher rounds up day five. with the absence making headlines outside the stadium,

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