tv Asia Business Report BBC News October 13, 2017 1:30am-1:46am BST
our top story. police in the us and uk are investigating allegations of sexual assault made against harvey weinstein. several actors have now accused weinstein of inappropriate behaviour, sexual harassment or assault. pakistani forces have freed a north american family held hostage by the afghan taliban for five years. the family's three children were born in captivity. pakistan's army says they were rescued after a us tip—off. and this colourful video representing the changing state of the ozone layer during the last year, is trending now on bbc.com. and the top story here in the uk. brexit negotiations between the uk and the european union are deadlocked over the size of britain's financial commitment when it leaves. the eu's chief negotiator, michel barnier, said insufficient progress had been made to allow talks to move on to a possible trade deal. send someone hits a record high in
profits. —— samsung. and the new silk route. we visit a thriving port city in pakistan which is attracting billions of dollars from china. good morning, asia. hello, world. it is friday. glad you could join us for this condition. we start with samsung and they estimate their third—quarter operating profit nearly tripled compared to one year ago, beating expectations due to demand that their memory chips. does this mean the south korean giant may have bounced back from last year's costly recall of the galaxy note 7. i posed this question earlier.m you look at the market, they had a
good launch in septemberfor the note eight. the programmes are in place. even though there was strong despite what happened yesterday with the vice—chairman and his appeal for the vice—chairman and his appeal for the corruption case. the trial doesn't seem to be making much of a different situation on the fundamentals of samsung. that is a good thing. you want to comfort eat that no matter what happens on the management level, is thriving, no matter what. that is good. whether it is the crown prince of samsung behind bars, what south korea wants and what investors want, you clean up and what investors want, you clean up management and this is good for the image of the company. although it does sound like a typical korean drama. the way they have built this
is reasonably resilient. both sides, they win. with iphone, they sell, but samsung, even if they don't win on the handset side, for the competitors to do well, they still win. but what about the smartphone manufacturers from china 7 win. but what about the smartphone manufacturers from china? huawei and others, they have made a dent into the market of samsung electronics in the market of samsung electronics in the past. why can't they do it now. samsung is very resilient as a brand. they have got a record—breaking note release. it is a tenfold increase. not to mention that the iphone didn't have a very
exciting launch. in comparison, they do much better. and a lot of the airtime is the competitors not doing as well. big-time numbers from macro one. ryan lim there. tesla is recalling thousands of its model x sports utility vehicles, saying rear seats may not lock in place and could move forward in the event of a crash. tesla said to customers it has not received reports of issues oi’ has not received reports of issues or accidents relating to the problem and they are making the changes as a preventative measure. another potential security issue emerged after the company revealed a data breach. 145 million people work on most. for more, i'mjoined by timothy mcdonald and the problems of
equifax are indeed piling up. that is right, this particular security issue not a huge deal. the market didn't take it that seriously. they got a didn't take it that seriously. they gota rap didn't take it that seriously. they got a rap over the knuckles from investors and closed down around 1.596. investors and closed down around 1.5%. really, the issue is that equifax has form. as a credit agency, its sitting on a mountain of data. that makes people particularly sensitive when there is a security issue. voluntarily, it's the cost of having a credit card or loan. the credit card people are issuers. they keep it on files they can assess
your creditworthiness later. it is not really information we give up happily. it is the price of having some kind of finance. when an agency like equifax has a very big data breach, it's understandable that people get a little angry about it. i think certainly, there is probably a lot more of this to come and a lot more scrutiny. the public feels strongly about this. probably equifax‘s clients and regulators will as well. it is worth watching. privacy is key and the equifax saga continues. timothy mcdonald, thank you for the update. moving out of pakistani and the western port city of gwadar is now the site of billions of dollars of chinese investment, the linchpin of a project connecting western china to the arabian sea, cutting thousands of miles off from trading routes between china, the middle east and
africa. evidence of chinese investment in gwadar isn't hard to find. the work you is being financed by a state—owned chinese company in exchange for concessions to the port for 40 years. this port is very much a work in progress but by 2022, the plan is for it to be able to handle around 30 million tons of cargo. along with rehabilitating the port, and economic free zone has been constructed here as well as a new connecting road, airport and power plant. they are either being built as grants or interest—free loans and thatis as grants or interest—free loans and that is because gwadar port is the heart of the multibillion—dollar china— pakistani economic corridor that will drastically cut the journey time for chinese exports and imports to and from the middle east. in exchange, pakistan is benefiting
from infrastructure projects across the country. this is where the economic corridor is. road network, railway network, air—traffic, the entire nation is welcoming, getting benefits out of it. the key concern here is security. the province we are in has been host to a long—running nationalist insurgency and other parts of the province have seen attacks by jihadist and other parts of the province have seen attacks byjihadist groups including the so—called islamic state. as a result the 300 or so chinese workers working on the port are heavily guarded by the armed forces and they live here in secure accommodation in the port. there are also questions about how much the local community in gwadar will benefit. despite investment, residents here lack of basic facilities. translation: when it
rains, we have water. when it doesn't, we have to rely on water tankers. translation: we are happy about the work but local people aren't being offered jobs. officials say they are working to resolve theseissues say they are working to resolve these issues and the project will bring newjobs and opportunities. the portable start operating next year but the aim is to turn this down into a regional trading hub and that will take decades. —— the port will start. can you imagine doing your weekly grocery shopping in the store with no assistance? no way of paying with cash. developments with self—driving vehicles, mobile payments and data analysis are all contributing to big changes in the world of retail. we have been meeting some of the companies whose ideas could revolutionise the way you shop.
retail disruption. thank you for investing your time with us. goodbye for now. as harvey weinstein says he hopes for a second chance — police in the us and the uk investigate sexual assault claims against him. pakistani forces have freed a north american family held hostage by the afghan taliban for five years. national trust members are voting on whether to ban hunting with hounds from trust land. trail hunting — where riders and hounds follow a fox—based scent — is currently allowed on trust estates. but animal rights campaigners argue it's being used as a means of getting round the ban on fox hunting and that foxes continue to be pursued and killed. claire marshall has been out with a hunt in the new forest. the official fox—hunting season starts next month. now it's exercise time. these are the hounds of the new forest hunt. traditional hunting is banned.
these noses are now supposed to follow only fox scent that comes from a bottle, known as trail hunting. they regularly run over national trust land, but opponents want this stopped. they say trail hunting is used as a cover for real hunting, that foxes are still being killed. this is a claim the hunts reject. there's 67 hunts who hunt under licence from the national trust. they've done so for 12 years. there have been no persecutions during that time on national trust land for illegal hunting. but look at this, say animal welfare campaigners. they gave the bbc this footage of what they say is illegal hunting on trust land. helen beynon says she proposed the motion after seeing a fox being hunted on national trust property. i came home and i was in tears. i decided that if the national trust do this, i have to do
something about it. this is an old, bitter debate, and the national trust is now in a tricky position at the heart of it. we are trying to make sure we balance out the interests of people who want to go trail hunting, with the interest of people who visit our properties and don't want their visit disrupted or disturbed. the question now for national trust members is how much of a part in the future of the rural landscape do they want packs like this to play. i don't think it should be allowed, especially not on national trust land, because that should be land that is safe for animals and for people as well. we are losing some of our heritage, really. as long as the foxes aren't chased, then i have no objection. the trust has already introduced new limits on trail hunting, but if members vote for a total ban, it will be difficult to ignore. claire marshall, bbc news, in the new forest. the government to set out a proposal
for gas prices. standard variable tariffs, usually the most expensive rates, would be looked at. you can get in touch with me and some of the tea m get in touch with me and some of the team on twitter. plenty more on the website. hello, i'm nick marshall—mccormack and this is sport today, live from the bbc sport centre. coming up on this programme: roger federer is after a shanghai —— the latest from the major league play—offs. roger federer is after a shanghai surprise. the swiss is chasing down the world number one crown. and molinari is the man to catch. francesco molinari shoots a 64 at the italian 0pen.