tv Asia Business Report BBC News April 2, 2019 1:30am-1:46am BST
british mps have voted again on alternatives to theresa may's brexit plan, and rejected them all. they had voted on four motions for leaving the european union. one, to negotiate a customs union with the eu, was defeated by just three votes. china says it will crack down on all types of the synthetic opioid fenta nyl following pressure from the us, where the drug is fuelling a huge rise in addiction. washington says the powerful painkiller is sent by post from china. and this story is trending on bbc.com. reports from the us say that rolling stones star mickjagger is to undergo heart valve replacement surgery. the band postponed their tour of the us and canada because he needed medical treatment. stay with bbc world news. and the top story in the uk: two million people on the minimum wage received an above—inflation increase in their earnings.
but some household bills also increased, including energy bills and council tax. now on bbc news live to singapore for asia business report. yet another night of brexit noes — pound under pressure as uk mps vote down all four options on the eu. and, a crackdown on online falsehoods — we get the reaction from the big players in asia. good morning asia, hello world, it is tuesday, glad you could join us foran is tuesday, glad you could join us for an exciting addition of asia
business report. let's start off with brexit, because uk lawmakers have yet again failed to agree how britain will leave the eu. this as mps rejected four alternatives to theresa may's withdrawal agreement put before parliament. without a deal on the 12th of april. let's cfoss deal on the 12th of april. let's cross to mariko oi, and find out how the pound is faring in early asian trade. as you can imagine, it fell by almost 1% as soon as the results we re by almost 1% as soon as the results were read out, but since then it has recovered some of the losses, so this is where it is trading at the moment. that is affecting immigration into the uk, which of course was a key issue during the referendum, head of the referendum, during the leave campaign. the number of eu nationals working in
the uk fell by over 60,000 in the last three months of 2018. the total was 2.27 last three months of 2018. the total was 2.2 7 million between october and december, down from 2.3 million in the same. the previous year. industries affected the most are healthcare, food, construction and childcare, because these traditionally relied on eu labour. the fall in the pound over the past two years affects workers because they are sending money back home. as a result, the unemployment rate in the uk hit the lowest level in nearly four and a half decades in january, at 3.9%. of course, that is usually good news, but there are now concerns that there might be an acute talent shortage in the months and years ahead. a lot of volatility in the pound with every brexit vote. thank you for that update. let's move on to australia and it is
a big day for the economy, as the government is due to unveil its 2019 budget. we are also expecting an interest rate decision from the country's central bank, the rba. it comes against the backdrop of an expected general election and concerns about the economy. earlier, i asked a representative from tribeca whether they are expecting any relief. it is much needed stimulus for the economy. we saw yesterday, more weak data from housing markets, which employs an enormous amount of workforce in australia, and the consumer has been very weak. we need the stimulus, we need the tax cut and a rate cut at some point as well. what are you expecting from the reserve bank of australia? are we going to see a rate cut or will they stay where they are at? they have made it quite
clear they will definitely cut rates, but it will probably be towards the latter part of the year. by towards the latter part of the year. by then we will probably see much wea ker by then we will probably see much weaker data, given all the indicators have been on the slide. tiny citystate of singapore has introduced an anti— fake news bill in parliament. in its harshest form it will allow the government to remove articles deemed by officials to contain falsehoods that are considered harmful. the bill, which will be debated upon in parliament before becoming law, will also require social media outlets and news outlets to carry corrections. i am joined by my colleague and asia business correspondent. it is a tough bill, what else can we expect? at the height of this is the attempt by the singapore government to decide what is fake news and what is
not. it will be the decision—maker about what causes damage to the public interest of singapore. 0nce the bill is passed, it is being tabled in the next few weeks, the singapore government will have the right to instruct social media firms to put up a correction underneath an article it has declared to be fake. there will then be a link to an article that the singapore government would provide showing the truth according to the government. in the most extreme forms of this law, the government can also ask for the content to be taken down. on top of this, it is getting to the profits of these online fake news companies. if you make money from putting out fake news articles, and if you do this three times in a row over six months, the government has the right to ask these companies and insist that they stop getting ad revenue from these fake news articles. so, these are broad and
wide—ranging powers that the law gives to the singapore government. in crafting this bill, did the government consult the social media companies and news outlets? they have been talking to social media companies for the better part of the last year. this is a very problematic issue for tech companies, facebook, twitter, google, they all have their headquarters here in asia. they expressed some support for elements of the bill, but also concern for the fact that it gives such wide—ranging powers to the singapore government. however, singapore's law minister says this is a conversation the two sides need to keep having. this is a conversation we need to have. if things are taken down too often, i think that also affects confidence, so you should actually allow people to read staff and have something which says, have a care,
because this article contains falsehoods. i think that is a better approach. it is notjust social media companies that have expressed concern over this law, this bill, rights groups have also said it hands over far too much control to the singapore government, which has been criticised often the past for trying to stifle public debate and dissent, not just online trying to stifle public debate and dissent, notjust online but in the public sphere as well. thank you for the update on the new—build to be introduced in parliament. making news headlines in business, boeing has confirmed that it plans to submita boeing has confirmed that it plans to submit a proposed software enhancement package for the grounded 737 max later than expected. the plane maker says it will now make the submission in the coming weeks. this is after the company said it would deliver affects for us
government approval by last week. two former berkeley ‘s traders have been jailed two former berkeley ‘s traders have beenjailed for two former berkeley ‘s traders have been jailed for trying to rig the euribor rate. digital components in everything from smart phones to tractors have made fixing them far more complicated, and it is more profitable for companies if we regularly buy replacements. a movement is calling for legislation forcing companies to make spare parts and instructions available to customers. in the us, 20 states are considering so—called right to repair laws.
almost everything that has a digital electronic part inside of it is almost unrepairable at this point. electronic part inside of it is almost unrepairable at this pointlj think there is big money in repair, i think many manufacturers see that, and they want to keep lifecycles short. if you can't fix your stuff, it is becoming a requirement that you throw it away and go and buy another one. we actually don't see repair as being a major consideration when
consumers look to get a new device, but we do have concerns if it is totally thrown open and any independent repair shop, orany consumer, is provided with software and the tools to get inside of various things. details of the right to repair laws in the us. let's have a quick look at the markets. those open for trading are continuing to gain. this is bbc news. the top stories this hour: for a second time, british mp‘s vote on alternatives to theresa may's brexit plan. four proposals are put forward — all are rejected.
china promises a crackdown on the synthetic opioid fentanyl following pressure from the us, where the drug is fuelling a huge rise in addiction. the bbc‘s middle east editor, jeremy bowen, has revealed he's being treated for bowel cancer. he had surgery in november and is now undergoing chemotherapy. jeremy, who's 59, discovered he had the disease despite having none of the classic symptoms. he says he has decided to speak about it now to encourage others to get tested. here's our health correspondent sophie hutchinson. for over 30 years, jeremy has spent much of his career as a war correspondent, reporting from more than 70 different countries. iraqi isa than 70 different countries. iraqi is a very divided country, at the moment they have a common enemy. but it was when he was reporting in iraqi last may, he said what he describes as funny pains in his legs and back and went to see a doctor.
today, he returned to the bbc brea kfast set today, he returned to the bbc breakfast set where he used to present, to speak about being diagnosed with bowel cancer.|j present, to speak about being diagnosed with bowel cancer. i had none of the classic bowel cancer symptoms, nothing at all, but i thought i should get tested, and it was positive. from that, they found out that i had a tumour and i had surgery, out that i had a tumour and i had surgery, got taken away, and now i am having chemotherapy. bowel cancer is the fourth most common cancer in the uk. it is estimated one in 20 people will get it during their lifetime. symptoms include blood in your poo, weight loss and stomach pains. the problem is, some people have no symptoms. the nhs england has promised to lower the age for bowel cancer screening from 60 to 50, in line with scotland, but it hasn't committed to a date and charities say delays are unacceptable. i talk to people who are dying every day, and the reality
is that some of them could absolutely not be in this position of knowing that they will not survive, if they had been screened. but bowel cancer treatment can be very successful if caught early. things to do with your bowels and poo and all the rest of it are not things that people normally want to talk about. a gastroenterologist treated, tell people, don't die of embarrassment, for god sake. jeremy says he is staying positive about the future and he has spoken out to encourage others to get tested. two former bankers who worked for ba rclays bank two former bankers who worked for barclays bank have been jailed for manipulating euribor rate. colin bermingham and carlo palombo have both been jailed.
hello, i'm marc edwards, and this is sport today, live from the bbc sport centre. coming up on this programme: all smiles at the emirates as arsenal beat newcastle to go third in the english premier league. he's going nowhere: amid rumours linking paul pogba with real madrid, 0le gunnar solskjaer has his say. and we speak to the boxer who was bitten on the way to a heavyweight win. hello and thanks for joining us on sport today. arsenal have moved above manchester united and tottenham hotspur into third in the english premier league following their 2—0 win over newcastle at the emirates. it was a 10th home league victory in a row for unai emery‘s side, their best run in over 20 years. aaron ramsay opened the scoring after half—an—hour before alexandre lacazette put the game to bed for the gunners in the 83rd minute. so, arsenal two points clear of fourth—placed tottenham, butjust three points separating the home—side spurs,