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tv   Asia Business Report  BBC News  December 23, 2016 1:30am-1:46am GMT

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weapons, reversing years of non proliferation policy. the president—elect, who'll take office in less than a month, tweeted that the us should expand its nuclear capabilities, until the world came to its senses. his advisers have tried to row back on the statement. police in australia say they have foiled a terror attack in melbourne planned for christmas day. seven people have been arrested. and this video is trending on bbc.com. it shows what happened when a passenger on a bus in california put an e—cigarette in his pocket because he was not allowed to vape on the bus. the passenger was treated in hospitalfor minor injuries. that's all from me now, stay with bbc world news. and the top story here in the uk: the owner of a haulage firm and his mechanic have been convicted of the manslaughter of four people who died when a tipper truck ran out of control on a steep hill in bath. now on bbc news all the latest
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business news live from singapore. 2016 was the year of surprises, so what's in store for the global economy in 2017? we get some predictions. and got milk? we visit an indian dairy of looking to pump out healthier products. good morning, asia. hello, world. happy holidays, everyone. glad you could join us for this friday edition of asia business report, i'm rico hizon. if there's anything we can learn from 2016 it might be to expect the unexpected. the uk voted
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to leave the eu and the election of donald trump as us president certainly defied expectations of many forecasters, but both events could have a large effect on the coming year. so what storms could be on the radarfor coming year. so what storms could be on the radar for 2017? coming year. so what storms could be on the radarfor 2017? earlier i asked simon littlewood from the asia now consultancy group. there might no one agrees but there are three scenarios for global growth, one is a slow recovery, two is a fast recovery and three is what we are calling a trump apocalypse where he makes some mistake, especially on the geopolitical front with china or in the middle east and significantly stops global growth. we overwhelmingly think there will be a slow recovery and 2017 will be a pretty good year. why do you say that? the signs are there. in the us the markets are responding positively to trump's election. interest rates are going up, which isa interest rates are going up, which is a healthy sign. global trade flows have never actually stopped
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growing but there is expected to growing but there is expected to grow around 3% in 2017. growing but there is expected to grow around 396 in 2017. this is good news for the us economy, reducing corporate tax to 15%, refighting the economy, a stronger dollar, but on the other hand asia is currently suffering with weaker in the asian currency levels not seen since the 1998 financial crisis. we think you will see something strange in asia. asia, everyone talks about china. china has some pretty significant challenges at the moment and nobody has ever believed their growth of 6.5%/ evin prison is actually that, it's more around 4%. you will see their growth continuing to slow but you will see others grow faster —— 6.5%/ 7%. you will see others grow faster —— 6.596/ 7%. they you will see others grow faster —— 6.596/ 796. theyjust employed a book
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about the death of china. he is refusing to implement trade agreements that have yet to be fermented, so there can't be any effect going forward. there's the fear that he could brand the chinese as currency manipulators and impose massive tariffs on chinese products. there are parts of the chinese economy where he is likely to impose tariffs, although since he's changed his mind on almost everything he said on the campaign trail, we can't be certain about that. when he actually takes the time to listen those who understand the chinese economy, or should i say if, he will discover american and european investment in china is so massive that you can't damage china exports toa that you can't damage china exports to a significant extent without also damaging major us corporations. simon littlewood from asia now. us authorities are suing barclays for allegedly deceiving investors over mortgage—backed securities in the run—up to the financial turmoil. the
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justice department claims the lender sold more than $41 billion worth of loa ns sold more than $41 billion worth of loans that were catastrophic failures. ba rclays loans that were catastrophic failures. barclays said it rejects the claims made by. nokia is bilingual suits against apple for alleged patent infringement. they claim they violated 40 patents. —— filing lawsuits. there are concerns about profits. italy's the oldest bank will be bailed out by the government for a third time. they failed to raise more than $5 billion in fresh capital from private investors. it had tried to sell new shares and conduct bonds for equity swa p shares and conduct bonds for equity swap but the money is needed to get rid of its bad loans. more than 80 garment factories in bangladesh have shut down due to strikes. the workers have been demanding a three fold hike in wages but the owners
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have rejected the demand. bangladesh isa have rejected the demand. bangladesh is a major exporter of clothing but the industry is often criticised by human rights groups for low wages and unsafe conditions. we report from bangladesh. garment factory workers in bangladesh are now getting $71 per month as their minimum salary, which was fixed three years ago. now they're demanding $200 per month as their life expenditure has increased 50% in the last three years. thousands of garment workers have been prevented from working in the factory after the owners thought the situation could aggravate and the situation could aggravate and the situation could aggravate and the situation could get out of hand and factories have been shut down indefinitely. those factories employ more than 200,000 workers. it looks like the bangladeshi government and the factory owners have taken a very tough stance against the demand of garment workers and they say they are not in a position to increase
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the salary right now. the bangladesh government industry and is more than $25 billion every year. this sector employs more than 5 million workers and 60% of them are female. many a nalysts and 60% of them are female. many analysts believe the crisis should result immediately to save the lives of the bangladeshi economy —— should be resolved. sports is booming right here in asia and this year there's been a slew of deals to prove it. one of the biggest was by japanese online retailer. it signed a shirt sponsorship contract with barcelona that could make it the world's richest football club. but not eve ryo ne richest football club. but not everyone thinks it makes good business sense, including the president of a sports content company. i don't understand the rationality of this deal, especially for a company that has a global footprint. it will be a difficult price to pay for a global company,
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for a company that is mainly in japan and a few other markets, very difficult and challenging. probably they have some reason behind it, i don't know, i can only assume at this moment. you're saying it doesn't make sense for asian firms to go off and signed huge monster ship deals because they need a global footprint? at this price, yes —— huge sponsorship deals. this is something difficult to justify for a single market. it makes sense if there is a strategy with a company ora club like there is a strategy with a company or a club like manchester united or liverpool with millions of fans in asia and if the activation is done properly in asia, it can be a very good tool to engage fans and create loyalty with your customers. beside that... i don't see any other reason why. india isa
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india is a huge consumer of dairy, whether it's yoghurt, cheese or a wide range of local sweets, but lots of the milk is collected from small farms across the country and it's often impure by the time it gets to consumers. as part of our series, we visited one dairy farm looking to deliver something safe and fresh. it's estimated that almost 70% of milk consumed in india is mixed with chemicals like you read to increase quantity and fat content. most milk on the market passes through processing plants, packers and distributors over 48 hours. for this firm that specialises in milk based products, finding good quality milk in india can be a struggle. things
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will be an issue if the quality is down, and if the fact quality is low then the myth dilma consistency will not come. -- -- the consistency. -- fat. each happy cows give better milk. we truly believe the product of the cowz yield is much better when we make them listen to music. when the time comes, these friesian cows wander freely to the milking parlour. their yield and general health is constantly monitored. a pa rt health is constantly monitored. a part of the process the farm owners say helps them produce 25,000 litres
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a day. the milk is machine pasteurised immediately and within eight hours delivered straight to the doorsteps of customers. the pride of cowles brand comes at double the cost of regular milk and scaling such a personalised product will be difficult —— cows. but this isa will be difficult —— cows. but this is a nation of milk drinkers and consumers are increasingly becoming health—conscious and brand savvy. and so the farm to table approach may just be a and so the farm to table approach mayjust be a sweet deal. thank you so much for investing your time with us. happy holidays, everyone. i'm rico hizon. see you again soon. i'm kasia madera. our main headline: donald trump has tweeted he wants the us to greatly expand its nuclear weapons capability, reversing decades of non—proliferation policy. the prince of wales has warned
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of the dangers of religious persecution and intolerance. prince charles said religious freedom was particularly at risk in the middle east, as our royal correspondent nicholas witchell reports. religious persecution is as old as faith itself. a coptic church blown up in cairo. christians in iraq and syria kidnapped or driven from their countries. attacks on yazidis and jews and others. tolerance and freedom of worship are important to the prince of wales. he recently attended the consecration of a new syriac orthodox church in west london. he is troubled by the growing evidence of intolerance. normally at christmas we think of the birth... in a broadcast for bbc radio's thought for the day, charles likened the persecution of religious minorities and refugees to what happened to
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thejews in nazi germany. we are now seeing the rise of many populist groups across the world who are increasingly aggressive towards those who adhere to a minority faith. all of this has deeply disturbing echoes of the dark days of the 1930s. i was born in 1948, just after the end of world war two, in which my parents‘ generation had fought and died in a battle against intolerance, monstrous extremism and an inhuman attempt to exterminate the jewish population of europe. that, nearly 70 years later, we should still be seeing such evil persecution is, to me, beyond all belief. he ended his broadcast with a plea for tolerance. whichever religious path we follow, the destination is the same. to value and respect the other person, accepting their right to live out their peaceful response to the love of god.
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the prince's intervention has been applauded. i think it was bold, strong, timely and necessary. here is a man who will one day be defender of the faith in britain, who has always said he wants to be defender of faith itself. and he is protesting the rise of religiously motivated violence throughout the world. it was strong and courageous and deeply humanitarian. in due course, when he is king and supreme governor of the church of england, charles knows that his freedom to speak out will be constrained. but for now, and on subjects such as this, he feels he has a duty to try to make his voice heard. nicholas witchell, bbc news, at clarence house. time now for all the sports news in sport today. hello.
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this is sport today live from the bbc sport centre. coming up on this programme: roma tigthen their grip on second spot in the serie a as napoli slip up. fireman sam. sam allardyce is the front runner to replace sacked crystal palace manager alan pardew. and spin a winner — ravi ashwin is named cricketer of the year. hi there. wherever you are around the world, welcome to sport today. roma's11th win of the season over chievo verona tightened their grip on second spot in the serie a, as they try to chase down leaders juventus. massimo allegri'sjuventus side play in the italian super cup on friday. meanwhile, third—placed napoli had to settle for a 3—3 draw at fiorentina.

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