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tv   Asia Business Report  BBC News  September 12, 2017 1:30am-1:46am BST

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the bbc has found evidence that suggests the myanmar military is targeting rohingya muslims as they escape the violence as tens of thousands continue to flee across the border into bangladesh, injured refugees at a hospital in cox's bazar said they they were targeted by security forces with guns and landmines. the un security council has unanimously adopted a resolution imposing new sanctions on north korea, as punishment for its recent nuclear test. and this video is trending on bbc.com the defeated us presidential candidate, hillary clinton has shared her thoughts on what went wrong in a new book. she said her gender may have counted against her as she tried to become the first female us president. that's all from me for now. stay with bbc news. and the top story here in the uk: in a key victory for the government, mps have voted in favour of a bill to end britain's membership of the eu.
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the opposition says the move amounts to an unprecedented power grab. now on bbc news all the latest business news live from singapore. the un steps up pressure on north korean nuclear programme in in pausing more sanction. —— imposing. and speaking out about india's growth process. welcome to asia business report. the un security council has unanimously stepped up sanctions against north korea following the country ‘s sixth and most powerful nuclear tests. we do
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this is the ninth sanctions resolution. what is new? the international community is try to put pressure step by step with the hope they come to the negotiating table. we will see a total ban on textile exports. they have had bans on coal. combined with previous resolutions, we are seeing a ban on more than 90% of all exports, a key source of revenue for the country and its programme. there is also a big cut in its fuel import. oriel is the lifeblood of north korea's effort to build and deliver a nuclear weapon. —— all you'll. effort to build and deliver a nuclearweapon. —— all you'll. ——
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oil. over 55% cut—off of gas, diesel and oil. they wanted a complete oil and oil. they wanted a complete oil and bargo. but they had to bring china and russia on board and based what a complete and bargo would be too harsh. markets will be opening soon. a lot of relief over the weekend that a missile was not launched on the weekend. we saw wall street hit new highs because hurricane irma was not as bad as we expected. we saw wall street but we are watching for safe havens to see if there is any reaction should there be any response from north korea. india's former central bank governor cautioned that the government against a move that band almost 90% of the country ‘s
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currency. he said the short term costs were significant partly because of new money was not printed in time to replace the cash taken out of the system. we asked why he thought the move was a bad idea. what we have seen is that transactions, certainly in the informal sector, they fell off considerably and you can sit in the gdp numbers. longer term benefits are things like tax compliance. it is hard to a tribute that to eat. thejury is is hard to a tribute that to eat. the jury is still out. you left office just before this decision was taken. if you were still in the reserve bank and the government tells you, that they had decided to
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go ahead with the decision, what would happen? let me not offer a comment on that. different people have different answers. let me put it this way. if you talk about independence and autonomy and the government does not agree with the decision... if you him only disagree with something important. —— strongly disagree. you can leave the organisation and not be a part of it. and one port india was the fastest growing economy in the world and now it has fallen to 5.7%. other other reasons? the problem of bad loa ns other reasons? the problem of bad loans has been festering problem. some of the effects of that you can see from 2014. we now have the ability to clean up hopefully
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faster. some of the short—term effects of demilitarisation hopefully will be lead —— leading to growth. we need to continue the pace of reform. if the intent was also to shrink the informal economy, we have to make it much easierfor shrink the informal economy, we have to make it much easier for people to enter the formal economy and reduce the burden of liberalisation so we can sustain longer—term growth. we get the employment we absolutely need. it is doing well, once again pretty and that is less of a
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headwind. the former central bank governor of india. a meeting with the us president donald trump could be seen as a wind by an administration clouded by scandal. what can each country gained? from the standpoint of malaysia, it is about business and investment over the past couple of years, there has been chinese investment coming through. possible news about the chinese president will be that way so perhaps this is donald trump flying the american flag saying, we used to be great ballets perhaps we can talk trade. —— rate allies. getting malaysia in an environment
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of unity... in terms of trade and investment, how is the prime minister going to get any investment out of the us when he is clouded steel in corruption. the fbi still have an did and open investigation into one in "bibi" which is the big state fund that he is alleged to have misappropriated. 1neb. you see the private sector, business getting on with life. i think they look beyond 1nedb. until such time as they impose sanctions, i think life
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still goes on. in other news: google is appealing against it record anti—trust fine. it was fined nearly $3 billion for abusing its market. it could extend legal proceedings by yea rs. it could extend legal proceedings by years. and could you go without e—mails? increasingly, you don't have to even in flights because in—flight wi-fi have to even in flights because in—flight wi—fi has been available for quite a few years. but how have passenger expectations changed in that time? it has moved from becoming a unique 1—off service available to something that people now expect. they have demands
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towards airlines regarding what sort of comic liberty they provide. —— connections. passengers will actively change airlines because of it. in asia—pacific we have found that over 79% of passengers in this region would be willing to pay for it. what you have to think about and put into context. someone on a seven—hour trip, the thought they are not going to be able to be had is there. the demographic is com pletely is there. the demographic is completely there to make a justifiable that on a long haul flight, justifiable that on a long haul flight, flying this airline, which
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might bea flight, flying this airline, which might be a little more expensive but they do offer wi—fi for the duration and that is what it can be used for. looking at the markets before we go... they have all opened a significantly higher stop the nikkei injapan as significantly higher stop the nikkei in japan as well significantly higher stop the nikkei injapan as well continues its big rebound. we saw a lot of market gaining just yesterday. that was relief that there wasn't a missile launch from north korea over the weekend and hurricane irma has been downgraded. that is it for this edition of the asia business report. thank you forjoining us. the top stories this hour. the un accuses myanmar of ethnic cleansing — as the exodus of rohingya muslims continues. many are victims of gun attacks and landmines.
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the un security council has unanimously backed another round of sanctions against north korea — ramping up the pressure over its nuclear programme. the british prime minister has welcomed a vote ending legal ties with russells. lawmakers voted in favour of the bill. it will now go on to face days of line by line scrutiny. ministers reject the labour party claimed that it amounted to a power grab. this was one of the first big parliamentary tests for the government and a bill they wanted to introduce which would bring all existing european law in the uk law so when the uk leads the eu there is not a big black hole in
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legislation. the bit that proved contentious was that the government wa nted contentious was that the government wanted to allow ministers to make changes to some of those laws without full parliamentary scrutiny. some opposition labour mps including its leader, said it was a power grab and trying to bypass parliamentary scrutiny and that was not acceptable. despite that, the government won enough support get this piece of legislation through to the next parliamentary stage. the prime minister theresa may welcomed the result particularly because she has no overall majority for the conservative party so she relies on support from other parties for both like this. to some degree this will be an initial test of the government's authority when it comes to be made. —— brexit. 0ne government's authority when it comes to be made. —— brexit. one of the big caveat, at the end of the spill,
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this is only an early stage and some conservative backbench mps are ready suggesting they will put pressure on government to introduce it began changes to the significant piece of legislation. the labour mps saying they will continue to fight aspects of this legislation. the government is pleased with this result. its first hurdle when it comes to brexit has gone through. however this bill alone is likely to prove contentious and plenty of other complex and controversial brexit legislation that the government has to get through parliament before the eu leaves the —— before the uk leads the eu. that is all from me. time for sports today. hello, i'm tulsen tollet.
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this is sport today, live from the bbc sport centre. coming up on this programme: hurricane irma takes it's toll on the sporting world with fixtures moved and cancelled after the storm damage. west ham got their first points of the premier league season as huddersfield suffered their first defeat. and security is paramount as the world 11 arrives in pakistan for a ground breaking twenty20 series. hello there and welcome to the programme. hurricane irma has been wreaking havoc on a devastating scale over the past week affecting numerous communities and countries. in florida over the weekend, irma made landfall and it also forced the postponement and cancellation of various sporting fixtures. with the nfl season among them, it poses a knock on effect for teams who had been scheduled to have a week off later in the season, and florida—based journalistjeremiah tittle has been explaining to me how this could hinder a franchise.

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