tv Asia Business Report BBC News October 2, 2017 1:30am-1:46am BST
our top story: catalonia's regional government says sunday's vote opens the door to independence, claiming 90% backing. but it follows a day of violent clashes where hundreds of people were injured, two seriously. at least 12 policemen were hurt. spain's prime minister, mariano rajoy, said that as far as he was concerned, there had been no referendum in catalonia. two women charged with killing the estranged half—brother of the north korean leader go on trial in malaysia. they are accused of smearing a chemical nerve agent on the face of kimjong—nam at kuala lumpur airport. and this story is trending on bbc.com: donald trumps tweets that his secretary of state should not bother trying to negotiate with north korea's leader. the president described kim jong—un as "little rocket man". that's all from me for now. stay with bbc news. and the top story here in the uk: at the conservative party conference in manchester, the prime minister has insisted that her cabinet is united on brexit and unveiled plans designed to appeal to younger voters.
now on bbc news all the latest business news live from singapore. north korea faces stiff un sanctions, but how much is really at sta ke sanctions, but how much is really at stake in the hermit kingdom? and in hong kong, a change in regulations means mountains and mountains of rubbish piling up. hello and welcome to asia business report. i am sharanjit leyl. to asia business report. i am shara njit leyl. as to asia business report. i am sharanjit leyl. as we have been reporting, it is another day and another twit from donald trump, stirring up tension between north korea and the united states. as the international community tries to cut off funding to north korea's nuclear programme through economic and financial sanctions, little is known
about what like in the world's most secretive country. earlier, i spoke to in hastings, who wrote about this, and asked how he got his information. it is difficult to get into north korea. but to get into north korea, you need to leave eventually. —— justin north korea, you need to leave eventually. ——justin hastings. north korea, you need to leave eventually. -- justin hastings. you have caught your book a most enterprising country. that is not a lot of people about north korea. they are enterprising in the sense that they need means to make money. the government does not provide for them, and is harmfulfor their lifestyle, so they need to make money by any means they can, by any means they can be a legal or illegal, to survive. in your book, you based a lot of your analysis on the people you spoke to in the border area with china. i know that china, adding recently announced an
orderfor north china, adding recently announced an order for north korean china, adding recently announced an orderfor north korean companies operating in china to leave. they will have a huge impact of the people you spoke to. yes. most of the people we spoke to were chinese trading or in ventures with north korea. so depending on how the regulation is enforced, this could have a major impact on north korean trade. but if north cred does shift to chinese companies, it might not have that big an effect. that is how they are enterprising. he's too soon now to see those economic sanctions that china has put in place against north korea take effect? i mean, you the cold then, the tax band, and limited oil exploits. —— coal ban. —— exports. limited oil exploits. —— coal ban. -- exports. china tries many things before they implement sanctions. at
the same time, north koreans are ill—defined ways around sanctions. sometimes channelled the other way, then as it does not. but depend on then as it does not. but depend on the extent to which north korea circumvents the sections, we might not see a huge drop, although i am expecting some drop. just a heating speaking to me earlier. a few decades, microsoft has dominated software. recently, it has been playing catch up. but there has been an effort to change the culture of the company, which the ceo was described as sick. i fundamentally think that microsoft as a mission not to make itself cool, but to make the user is cool. that is who we are. the first product that microsoft credit was the basic into
computerfor microsoft credit was the basic into computer for the altair. microsoft is now back in the game, as far as aa is concerned, but what of the risks? as you said, the first thing we should do is to make sure that we ta ke we should do is to make sure that we take the position we are in and empower people. —— ai. take the position we are in and empower people. -- ai. embellish human capability. that might be the benefit that it has the humanity. what about institutional surveillance? a computer now knows what we like and don't like, watches us, is aware of what we're doing at all times... us, is aware of what we're doing at all times. .. with any new technology, you will always have these unintended consequences. so i think we two tackle some of the limits. one of the most enduring values is privacy. i think there will be a core injury value. ——
enduring. we need to ask what allows us enduring. we need to ask what allows us to protect our privacy while also recognising the need for the sake national security. this is where our framework of laws, noticed in one country, but across the globe, need to be modernised. why do you think indian born nationals do so well as ceos in america. we have seen so many of them. i am not an expert in their diaspora and all of what has been the results of it. i think, as i write in my book, i am eight product, at least, of two very unique american things: american technology at reaching where i was growing up, and enabling me to dream the dream, and then the american integration policy that allowed me to get to the us and live that out. i think that is a pretty uniquely american thing. that is what led many of us, particularly in the 90s, ata time many of us, particularly in the 90s, at a time when silicon valley and
those businesses were taking off, to be there. so there is a lot of luck. but you also tell you very homogenous group out of the huge country. to see the full interview with the ceo, tune into impact on bbc world news. —— impact. welcome to october. it is the first trading day of the month, and the first, in fa ct, day of the month, and the first, in fact, for the last quarter of the year, as well. we start with a look ahead to this week. if we look, later today, the type a minister is scheduled to take a visit to the white house in washington, dc, and on tuesday, the reserve bank of australia will announce its latest cash rate decision. on thursday, the rba releases sales and trade that was for the nation. earlier, i spoke to peter maguire in sydney about how significant the meeting is between the prime minister and president. significant the meeting is between the prime minister and presidentlj
figured the prime minister and president.” figured is very important in the sense that where obama refused to meet the thai prime minister in 2014, and donald trump has extended the olive branch. so donald trump is pushing forward. it will be well received as far as the white house is concerned. i'm not sure how human rights will do it in terms of thailand. closer to you, in australia, it is a busy week. the rba decision is kyrgyz air. what are you expecting? i figure will be neutral. —— decision is coming on tuesday. we have had a strong increase in the value of our dollar, andi increase in the value of our dollar, and i think the rba is realising we have inflation under control, and it
will stay at the 1.5 market has been held since august 2006 and. peter maguire. hong kong's skylight is being marred by enormous piles of rubbish. you can see that of the screen. they are growing at a rate of 2000 100 tons a day. china recently banned imports of many different kinds of solid waste. as a result, the recycling business in hong kong is losing about $45,000 a day. the grains are not moving at this port in eastern hong kong. mountains of scribes are piling up in locations around the city. —— that cranes. hong kong isjust one of the places around the world that sells waste viterra to china, where it is then recycled. the us in the uk are two of the other big sellers. but this has been a picture since
the ban was announced. with no one to sell two, 2500 tons of waste paper is piling up in hong kong every day. with nowhere to go. the director of the city's mandurah cycling organisation says that he hopes the chinese authorities can soften their stands. translation: if the central government is worried about the recycled paper in the hong kong and macau region, is it possible for them to take our concerns into consideration when drafting new regulations will paper recycling? can paper from hong regulations will paper recycling? can paperfrom hong kong and macao be at the top of the list of that imported to the mainland? besides paper, the other categories are bad rubbish include used plastics, ties, and glass. the mainland government was to avoid the sometimes poisonous by—product of the recycling process at home. in hong kong, the ban has affected the owners of small—scale
recycling companies, and the often elderly workers who make a living scavenging for waste. people like this have seen their earnings drop by heart because of the ban. translation: not much more i can do ifido translation: not much more i can do if i do not have enough income. the study says here and there to pay my rent. it is very tough. this will have far reaching effects around the world, including for grassroots workers, struggling to make ends meet. and that brings us to an end of this addition of asia business report. thank you for watching. the top stories this hour: after a day of violent clashes, catalonia's government claims sunday's vote opens the door to a declaration of independence, with 90 per cent backing. and president trump tells
his secretary of state to stop wasting time trying to negotiate with north korea — describing president kim jong—un as ‘little rocket man.‘ ahead of the conservative party conference in manchester, the prime minister has promised the whole system of university funding in england is to be reviewed. branwen jeffereys has more. just a mile from the tory conference, a student cafe. chewing over the changes, liam and grace. i can't imagine it being more expensive than £9,000. it is expensive enough as it is, really expensive. they don't take into account things like maintenance and stuff like that. liam says freezing fees doesn't go far enough. they should be encouraging more people to get into university and things like that. so scrapping them sounds like the best idea for me. but i'm not really sure what that's going to do for the country as a whole. but grace is pleased she won't start repaying until she earns more. it'lljust give me more time to earn that money until i actually have to pay back all the tuition fees. because £21,000 is not very much at all. so i think it's better that they're raising it.
everything about student finance is up for review. the measures announced today were quite simple. but that's partly because the system is so congregated. —— complicated. so tuition fees are being frozen at £9,250. the earnings threshold for graduates to repay is going up to £25,000 per year. but, interest rates are staying at 6.1%. and for living costs, the poorest students are still going to have to rely on loans, not grants. university leaders are not being behind—the—scenes at party conferences, freezing fees means rising costs will eat away at their budgets. and they want more changes, too. it's a good start. i would like the government to go further. i would suggest that they consider introducing targeted maintenance grants for those students who most need it, to give students cash in their pockets while they are at university. getting a degree leads to better paid jobs.
but for middle earners, that still means 30 years of paying back a loan. one reason why raising the threshold will make a difference. that means, for a middle earning graduate, they will see less of their monthly pay taken in graduate contributions. it's a very expensive option for the government, though. students just starting this week at uni. by the time they leave, the system could have changed again. branwen jeffreys, bbc news. there is more all the stories we have been covering on the bbc website. don't forget you can get in touch with me on twitter — i'm @babitabbc. time now for all the sports news in sport today. hello, this is sport today live from the bbc sport centre.
coming up on this programme. plenty outside but no fans in the stadium as barcelona take a stand following referendum unrest. after their 3—0 win an emotional gerard pique threatens to retire from international football. just one day after his 20th birthday max verstappen takes top spot at the malaysian grand prix. and the united states have won their seventh successive presidents cup as they beat the international team 19—11. hello and thanks forjoining us. barcelona have continued their 100% start to the la liga season with a win over las palmas, but the game was played at an empty the decision to play behind closed doors was made by the club as a protest as joe lynskey reports.