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tv   Asia Business Report  BBC News  August 10, 2017 1:30am-1:46am BST

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missiles towards the island of guam. state media in north korea say the plan will be presented to kimjong—un by mid august and he will decide whether to proceed. several thousand us troops are stationed on the island. the new threat comes despite a warning from the us defence secretary that north korea's cannot win an arms race with the us. he also warned that pyonyang's actions could result in the end of its regime and the destruction of its people. and this video is trending on nine magellanic penguins have just been released back into the sea after being rescued and rehabilitated by a team of specialists in argentina. they've been nursed back to health after suffering from malnutrition. and the top story here in the uk: 17 men and one woman, most of them of south asian origin, have been found guilty of grooming
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vulnerable girls and young women for sex in newcastle. now on bbc news all the latest business news live from singapore. a deadline looms for toshiba to report its annual results. it has until today to get an to sign it off. silicon valley setting an example when it comes to paid maternity leave in america but will the rest of the country good morning, asia, hello, world. it's thursday and glad you could join us for this edition of asia business report, i'm rico hizon and we begin with japan's troubled electronics giant toshiba and today is the deadline for the company to report its audited results for the past fiscal year. toshiba has missed
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the deadline several times and some investors are now questioning its very survival. for the latest let's go over to mariko oi, our business editor, a lot of confusion about these toshiba results, they can't seem to reconcile where they are at. indeed. the delay has been caused because of the disagreement between the auditor and toshiba, but it looks like at least the auditor is giving a partial approval so that the company can report its results later today. let's remind you of how we actually got here, because it actually all started over a decade ago when toshiba bought us nuclear company westinghouse. we didn't hear much about it until of course in march 2011 the massive tsunami struck a nuclear power plant in fukushima causing a huge disaster and that made it obviously a lot harderfor companies and that made it obviously a lot harder for companies to sell nuclear energy. then again we didn't really
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hear from them until two years ago when we found out toshiba has been inflating profits over the last seven years. just as the company was starting to recover from that accounting scandal in december last year, we heard westinghouse, the us nuclear company, has been losing quite a lot of money. we didn't know how much but the number kept ballooning and that's basically why the company hasn't been able to report its results. it started trying to sell the chips business, which is the only profitable unit, but it's facing legal challenges from its us partner. because of that we saw the company's chairman resign and then westinghouse filing for ba n kru ptcy and then westinghouse filing for bankruptcy as well. earlier this month we saw shares in toshiba being demoted to the second section of the tokyo stock exchange and if toshiba couldn't file results by today then there were fears it could even get delisted, but at least that the
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earth seems to be waning. hopefully the drama ends today, we will have to wait and see. —— that the. in japan one of the biggest companies that makes liquid—crystal displays for television screens is slashing 30% of its workforce. japan display said it will cut 3700 jobs as part of restructuring. it also expects to make a loss of $1.5 billion in the current financial year. japan display has been in the red for the last three years. the owner of fox news and pretty fair century fox movie studio looks to have benefited from a trump bump. fox said revenues rose by 1.5% to $6.8 billion in the fourth quarter after rating is at its cable tv business improved and grew in more advertisers. fox is owned by media mogul rupert murdoch. he's looking
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to buy the rest of the european television station sky that it does not already own for 14.5 billion dollars. india starter motors, which owns jaguar land rover, reported a 10% fall in income to just under 9.5 billion us dollars for the three months between india and june —— april and june. there's been an issue with the heavy vehicle business and that resulted in poor results. but profitability gained over 40%. union workers at hyundai are expected to begin a partial strike today, factory workers plan to stop work on monday next week to pressure the management to raise wages. this is after that troubles we re wages. this is after that troubles were reported at the fifth biggest world automaker. profits have fallen for 14 straight quarters, or 3.5 yea rs. for 14 straight quarters, or 3.5 years. car for 14 straight quarters, or 3.5 yea rs. car sales have for 14 straight quarters, or 3.5 years. car sales have been hit hard
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by political tensions with china, which accounts for one fifth of sales. what impact will a partial strike have on the car company? earlier i asked analystjames strike have on the car company? earlier i asked analyst james rooney in seoul. unfortunately there never isa in seoul. unfortunately there never is a good time for companies to experience strikes. for hyundai, this is one of the rights of summer. for the past 30 years or so they have had this midsummer strike around wage negotiations and almost it would seem like a shame if it wasn't happening. however, it's not a good time for them to be demanding significant wage increases. were talking about the order of 7% here, very significant relevant to how inflation is today. surely this will have an impact on the bottom line of hyundai going forward and the new president of south korea, james comey has been focusing onjob
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creation and wage increases. will this have an impact on negotiations? i think the political environment with the new leadership certainly is more favourable towards management, and for various reasons, i'm sure we are all aware of, the leadership are under pressure after the scandal with park. unfortunately for hyundai that political environment includes the whole missile issue that china has been so upset about, which has cut off the growth in sales in hyundai's most significant market, which has shut. 0n the other hand, hyundai is so used to having this kind of event, they saw the sort of build it into their budget and later on in the year they will make up the production shortfall in relation to their annual bills —— they sort of. it's part of the fabric of the
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industrial structure here u nfortu nately. industrial structure here unfortunately. unions aren't as powerful as you would think and strikes are quite rare but when they happen they can be quite colourful. you may hear a lot of noise in the street if that gets out of control. south korean business expertjames rooney in seoul. now for the latest in our series that's been running across the bbc this week. today we turn our attention to silicon valley where technology giants like google and facebook are leading the way when it comes to offering paid maternity leave. the us doesn't require paid leave guarantees but donald trump's daughter is trying to convince her father policy needs to change. 0ur north america technology reporter dave lee has more. macro a when martha decided it was time to have children she knew herjob managing public relations for technology companies would become untenable. i've been thinking along time about
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all of the ways that work doesn't align well with being a professional parent. she decided to set up her own firm and set about putting in place family friendly policies, the types of which most people in this country don't have access to. types of which most people in this country don't have access tolj decided country don't have access to.|j decided to be intentional about building a business when we can be ourselves, the mothers among us but being clear with younger employees that if they have things they want to pursue that fall inside of normal work hours, they camp as you those also know we are not favouring one stage of life over another or penalising one in favour of another —— they can pursue. penalising one in favour of another -- they can pursue. raising a child in the us is very difficult and costly. 12% of private sector companies offer paid parental leave and the us is one of three countries in the world not to have a paid pa rental leave in the world not to have a paid parental leave law. but it's hoped silicon valley is starting a trend that could change that. this organisation argues for better coverage for american workers.
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there's been a lot of momentum from tech companies around increasing access to maternity leave and in particularfamily access to maternity leave and in particular family leave and medical leave, which is great. it shows it makes good business sense, these companies wouldn't be doing it if it wasn't good for bottom lines, and that's good for the economy and those individualfamilies that's good for the economy and those individual families and employees. one of those tech companies is go daddy, the world's largest seller of internet domain names. the company has faced criticism in the past for being an overly macho workplace, a scenario prevalent in technology. like a lot of tech companies we have lots of similar issues, we are trying to resolve those and continuing to build an awesome culture where people can do the best work of their lives. anyone who is a new parent can get 12 weeks paid to melt, welcomed their new family member, the birthing mother gets another six weeks to recover as well physically —— to welcome. weeks to recover as well physically -- to welcome. silicon valley is perhaps best place to set the sample
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given the fierce competition for top talent. the progress requires people at the top of big companies to value both successful careers and happy families. dave lee, bbc news, in san francisco. we have half a minute to tell you about the financial markets in asia, despite the escalating tension in the korean peninsula and relations between north korea and the united states, we are seeing some gains in some of the asian bourses. the nikkei 225 up 74, the all 0rdinaries gaining 22. thank you so all 0rdinaries gaining 22. thank you so much for spending your time with us. so much for spending your time with us. i'm rico hizon, sport today is up us. i'm rico hizon, sport today is up next. the top stories this hour. north korea issues a new threat to guam, promising to decide within the next few days whether to launch four missiles towards the tiny pacific island. the us defence secretary warns pyongyang to avoid actions that could result in the destruction of its people. five men have appeared in court charged in connection
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with the hillsborough tragedy and its aftermath. 96 liverpool fans died as a result of a crush at the fa cup semi—final match 28 years ago. three of the men who appeared in court are retired police officers. from warrington, judith moritz reports many of the families who lost loved ones at hillsborough have become close over the last 28 years. today, they were together again in court to see those charged in connection with the disaster and its aftermath. this is the chief constable of two police forces, and the families stood outside the magistrates' court building as the former officer walked inside. graham macrell was the company secretary and safety officer at sheffield wednesday football club in 1989. 96 liverpool fans died as a result of the crush at the ground when the terraces became overcrowded
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at an fa cup semifinal. nearly three decades later prosecutions are under way. mr mackrell is charged with breaching health and safety and safety at sports ground legislation. two senior police officers and a solicitor are accused of perverting the course ofjustice by amending witness statements in the wake of the disaster. sir norman bettison is charged with misconduct in a public office, accused of telling lies about his involvement in the aftermath of hillsborough and the culpability of fans. the five men sat in a row inside the glass walled dock of the court. they all indicated they deny the charges they are accused of. the match commander, david duckenfield, faces the most serious charges, 95 counts of gross negligence and manslaughter. he didn't have to appear in court today because prosecutors must apply to lift an existing court order before procedure can begin.
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the men were all released on bail and they will appear at preston crown court next month. the government says the number of tip—offs made by the public to the anti—terrorism scheme prevent has doubled in the last four months since the manchester and london terror attacks. time now for all the sports news in sport today. hello. i am tulsen tollett, and this is sport today, live from the bbc sport centre. coming up on this programme: women's 0lympic 400—metre champion, shaunae miller—uibo, goes from gold to nothing in the space of 20 metres,
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as phyllis francis claims the world title. isaac makwala runs by himself, but he's through to the men's 200m final after the iaaf allow him to compete. and kay wilson scores four tries as england get their defence of the women's rugby world cup off to a flying start. hello, and welcome to the programme. we start with news from day six of the world athletics championships in london. botswana's isaac makwala found himself eligible to compete in the 200 metres after the iaaf allowed him to run a heat by himself after overcoming illness, while the last event of the night saw a gold lost in the last 20 metres, as colm harrison reports. the women's 400 metres final was seen the women's 400 metres final was seen as a the women's 400 metres final was seen as a showdown between the defending champion, alison phoenix,


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