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tv   World Business Report  BBC News  August 30, 2017 5:30am-5:46am BST

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you're watching bbc news. these are the headlines: the un security council has condemned north korea's firing of a missile overjapan — which pyongyang has confirmed it has carried out. the security council has demanded that pyongyang abandon its nuclear weapons programme. tropical storm harvey appears to be moving off to the north, leaving a trail of chaos and devastation in its wake. the mayor of houston has imposed a night time curfew to deter looters as rescue operations continue. concerns are growing for a nine—year—old girl who vanished at a wedding in eastern france. french police have launched a kidnapping investigation into the disappearance of maelys de araujo who was last seen on sunday. the archbishop of paris has launched a 100 million euro fundraising drive to pay for urgent renovations to notre—dame cathedral. there have been warnings that parts of the building could collapse if repairs aren't made. now it's time for world
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business report with sally. japanese prime minister shinzo abe welcomes his uk counterpart to tokyo. will north korea overshadow trade negotiations? plus, as angela merkel fights for re—election in germany, we focus on the million migrants she welcomed two years ago, and the impact on europe's biggest economy. hello and a very warm welcome. this is world business report. i am sally bundock. in a minute we'll tke a look at the sharing economy in china. but first, theresa may is lending in japan very soon. she is injapan for talks
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on everything from defence to brexit and trade. although the uk can't officially start any trade negotiations until it leaves the european union, both sides are already weighing up what a future deal might look like. while the uk's investment injapan is relatively small — in 2015 it was just over $6 billion — japan's direct investment in the uk is worth over $52 billion. and that investment feeds through to the real economy — roughly a 1,000 japanese firms operate in the uk, employing close to 160,000 people. one of theresa may's key aims will be to keep as many of those jobs as possible in the uk in the coming years. and that might be tricky. a strongly worded report from japan's foreign ministry last year said firms might want to move "if eu laws cease to be applicable in the uk".
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meanwhile, japanese banks nomura and daiwa have already chosen frankfurt as their new eu hubs in the wake of the brexit vote. the meeting also has added significance as only last month the eu signed its own free trade deal with japan — a deal the uk will soon be locked out of. joining us now is seijiro takeshita, professor of management and information at shizuoka university. good to see you again, seijiro takeshita. this good to see you again, seijiro ta keshita. this is good to see you again, seijiro takeshita. this is theresa may's first visit to japan as the premier, and she has her work cut out for her, does she? ithink and she has her work cut out for her, does she? i think the japanese delegates are getting a little frustrated by the fact that they are not getting any concrete answers, and unfortunately, rightly so, from theresa may, about what the position
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of britain will be, exactly. 0bviously, she cannot answer that. but she is not giving any concrete measures, which is basically exacerbating the worries that the japanese companies have. as you noted, there are the one dozen companies there. in fact, 40% of them are in manufacturing. 0bviously, they are extremely worried about the outcome of this. and considering the very high risk avoidance nature of the japanese and their companies, obviously, they are getting agitated, as we speak. and then, the uk, it historically, provided japan with lucrative access to the single market. that is why the relationship is currently so solid. but with brexit looming large,japan solid. but with brexit looming large, japan has done its own deal with the european union. when is that leave the uk? i know that theresa may will be hoping this is the basis of a future agreement with uk, but what is japan's position? the basis of a future agreement with
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uk, but what isjapan's position7m japan's position? theresa may may wa nt to japan's position? theresa may may want to expand upon the epa, and make it into fpa, a free trade agreement. but now there is the thought that we can look towards developing a fta. —— fta. 0ne thought that we can look towards developing a fta. —— fta. one of the reasons we have such a lucrative relationship is the uk's access to europe. unfortunately, that is under a huge question mark. and we are not seeing any progress. and that is certainly a big miners, which theresa may will probably have to be challenging in the next you days. seijiro takeshita, we appreciate your time. and i will keep a very close eye, we all will, on how she gets on in japan. now, let's just reflect, for a moment. you may remember, it has
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been about two years now says angela merkel took the momentous decision to suspend the eu protocol, and open germany's borders to almosti million migrants, many escaping the war in syria. the numbers coming in to the country have since dwindled, but for those who have made their home in germany, finding employment is still a challenge, asjoe miller reports from berlin. at the training centre of berlin's waterworks company, the next generation of technicians are being trained for what promises to be a sta ble trained for what promises to be a stable and lifelong career. among them is this man, a refugee from prakasam. when i came to germany, it was a hard time to me, because i cannot speak german. i learned the language, and then i got the opportunity from this country, and then i get my printer should place, andi then i get my printer should place, and i was really lucky about that, because a lot of people, they are trying to get it, but it is very
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hard. stories like his are u nfortu nately still hard. stories like his are unfortunately still quite rare, even though it has been two years since angela merkel‘s first opened up the german borders to hundreds of thousands of refugees. 0nly around 20 or 30% are in work. and even with special schemes, such as this one, it can be tough to find the right candidates. one of the refugees started in this programme and moved onto a security company, where he of course makes more money at the start. people are looking for a job with direct money. whereas in the apprenticeship, you don't have that much money at the start, but the prospect is very much better than an unskilled job you can get right now, for example. it could take the best pa rt for example. it could take the best part of a decade for the majority of refugees to find employment in germany. but as long as the economy is booming, those crunching the numbers are not too concerned. we have a lot of money. we have a
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strong system taxes. so we can finance the task to integrate the refugees, to qualify the refugees, also. back at the waterworks, he is ready for his first assignment. and with the economy tightening, 0dyssey makers will be hoping that many follow in his footsteps. joe mellor, bbc news, berlin. —— policy makers will be hoping. and what's yours, could also be ours, these days. that's the thinking behind the sharing economy that's taking off in various parts of the world, including china. but how far would businesses go to push this sharing concept? john sudworth had a look around the chinese city of beijing. but what about all sharing? the company behind this venture plan to make 20 million footballs and basketball is available for hire, right across china. —— ball—sharing.
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—— basketballs. now, let's show you the financial markets today. some calm has returned in asia. yesterday, we sought share market is falling, because was going on with regards to north korea. the situation is not necessarily improved that much but certainly as far as the markets are concerned, they have moved on. we have had the yen getting weaker ones again. people have been putting back into shares. that is following a better night, the night before. wall street, the dow and the s&p 500. that is all for me for now. i'll be back for the news review in just a few minutes. you then. —— see you then. one in five people struggling with debts has had their credit card
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limit raised without requesting it. debt charity citizens advice say poor affordability checks are making people's financial situation worse, echoing concerns from the bank of england that lenders are less cautious with debts other than mortgages. here's our economics correspondent andy verity. borrowing on credit cards has been growing by 9%, farfaster than wages. citizens advice says that these practices are putting people in that they cannot get out. tracy brabin ran into trouble when her small business ran into difficulty. she had a husband plug the holes with credit cards. bencic struck, then separation, then it was all too easy to find a temporary solution by borrowing more. she racked up a debt of £37,000. at point, on when the card, almost all my money was going
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into debt. -- on one credit card. 0ne into debt. -- on one credit card. one in five borrowers have been given higher credit limits without asking for them. on 2.2 million credit card accounts, borrowers spend more on charges and fees than on repayments, pushing them further into debt. citizens advice says if that goes on for years, they should contact borrowers and look for help. we think that the most important thing is that they should stop raising credit limits without consulting the customer. we think this is a big big regulator can do. the body that represents most credit ca rd the body that represents most credit card lenders they is taking steps to prevent borrowers being offered more credit. and it is helping people manage their debt. andy verity, bbc news. just a reminder, coming up at 6am on breakfast, charlie stayt and naga munchetty will have all the day's news.
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this is bbc news. i am david eades. the latest headlines: the un security council has condemned north korea's firing of a missile over japan, which pyongyang has confirmed it carried out. the security council has demanded that pyongyang abandon its nuclear weapons programme. tropical storm harvey appears to be moving to the north, but has left a trail of chaos and devastation in its wake. the mayor of houston has imposed a curfew to deter looters, as rescue operations go on. concerns are growing 39—year—old girl who vanished at a wedding in eastern france. french police have launched a kidnapping investigation into the disappearance. she was last seen on sunday. —— nine—year—old now it is time for our newspaper review.
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what's making headlines around the world ? the japan times leads with north korea confirming missile launch overjapan and kim jong—un warning of more to come. us president donald trump says all options are on the table. turning to texas, the houston chronicle is keeping a close eye on recovery efforts as the floodwaters from hurricane harvey leave many homeless and in shelters. the houston mayor has now announced a curfew in a bid to prevent looting. in the financial times, it looks at the run—up to next month's elections in germany and says german chancellor angela merkel runs the risk with voters in backing french president emmanual macron's vision for eurozone reforms. the times says thousands of twitter users have been deceived by a suspected russian agent posting pro—brexit, anti—migration and anti—eu propoganda. 0ne analyst believes it's on a scale the uk has never seen before. in the daily telegraph,
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how a low—fat diet may actually increase the chance of an early death. that's the findings of a canadian study, which suggests that those who cut back on butter, cheese and meats tend to compensate with other foods and miss out on vital nutrients. and finally, how northern ireland is cashing in on the game of thrones. this article in the guardian tells how local businesses are capitalising on throner tourism and plans to keep the legacy alive after the final series goes into production later this year.
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