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tv   Asia Business Report  BBC News  January 30, 2017 1:30am-1:46am GMT

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there have been more protests and political and legal opposition in the us against his order to ban all refugees and some migrants from the us. internationally, there has also been concern and criticism of president trump's policy on immigration. iran says it's a gift to extremists. the arab league said it's unjustified. and this video is trending on britain's prince william and prince harry have announced plans to build a statue of their mother, princess diana, 20 years after she was killed in a car crash in paris. they said the time was right to recognise her positive contribution at home and abroad. that's all from me now. stay with bbc world news. and the top story here in the uk: more than 800,000 people have signed an on—line petition against donald trump making a state visit to the uk. the petition will be considered for debate by mps in parliament as it's crossed the 100,000 mark. now on bbc news, all the latest
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business news live from singapore. donald trump and vladimir putin speak. are we about to see big changes in us— russian business negotiations? and fashion. what leads some asian parents to spend thousands! good morning, asia. hello, world. welcome to asia business report. it's a monday. us president donald trump's immigration policy has nominated the headlines this weekend. but he also had a phone conversation with the russian president, vladimir putin, aimed at clawing the frosty relationship. —— thrawing. they did not discuss lifting sanctions, apparently. earlier, i spoke with someone to see
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if the sanctions have had a major impact on russia. international trade has dropped down from 25%. that is like $136 billion, quite damaging. as a result of the sanctions, has this drawn russia into the arms of other trading nations like china and countries here in asia, for example? with china, it is actually a very big front for international trade. 0ver 90 billion us dollars in trade and import. the us was one of our main trade partners for the last four yea rs. trade partners for the last four years. in general, with the trade with russia and the us, it is about 4.4% from all over international trade. very quickly, going forward, with, obviously, the new leadership
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in charge in the us, do you see trade relations improving potentially? well, it is very early to do any forecast. donald trump is unique and just got him the presidency. but from what i can see, donald trump is not afraid to do unpopular things. he does not care so unpopular things. he does not care so much about being unpopular. that is why i would not be surprised if you cancel the sanctions. donald trump, he was in business all his life. —— if he cancelled the sanctions. i think he will do lots of things beneficial for america and trade and moneymaking. i think he will be good. speaking to me earlier. japanese retail sales have increased for the second month in a i’ow. increased for the second month in a row. that is a sign that consumer spending is finally looking up. it
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rose at .6% last month compared to the previous year. that follows a 1.796 the previous year. that follows a 1.7% increase in november, the first rise in nine months. e—commerce giant amazon end has been growing. it poured $2 billion in. it has announced another $3 billion for expansion in india. we sat down with amazon and asked about the company's performance. we have grown year over year. just last january we maintain the growth rates. that compares to mostly flat landscapes. isn't it true that a lot of your growth has come at the expense of your rivals here? e—commerce companies, are they overestimate in the indian market? it cannot be just at the expense of others. if you look at the value, for example, this season, we saw 97%
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of india using amazon, tremendous penetration in three years. we are growing 100% year over year. you cannot achieve this with a very large base, so the landscape is growing. what challenges to you face ina growing. what challenges to you face in a country like india? the challenges would be the same challenges would be the same challenges that e—commerce has as you expand your landscape. how do you expand your landscape. how do you power small and medium salaries and businesses? how do you build a logistics network that can reach around the country and provide fast service? how do you deal with mobile phones being the primary access point for consumers? what about infrastructure, how do you build it? where does your huge investment focus on? where will you focus money on? every time we have cellars, costs goes down and sales go up. we
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use the network so that speed of delivery goes up. all of this results in lower prices. if you look at logistics, we have more than 27 centres in 10—13 states. all of this requires investment. the head of amazon india. most parents want their children to be dressed well when they go out, but would you pay thousands of dollars to keep your toddler in designer outfits? would you buy them diamond encrusted handbag is? as part ofa you buy them diamond encrusted handbag is? as part of a new series, the business of kids, we found out that brand conscious parents with money, it seems to be all of the rage in again. music. asia, the
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fastest growing market for children's clothes. especially for designer brands. at this upscale shopping centre in singapore, the number of children's shops have boomed. and the focus is definitely on the high—end. here at baby dior, it is wall—to—wall luxury for children. a lace headband for a three—year—old at 500 us dollars. do you need a handbag for your daughter to match yours? these are priced at around $3500. and for the dad, there is this kashmir jacket. around $3500. and for the dad, there is this kashmirjacket. and matching pa nts for is this kashmirjacket. and matching pants for $300. all inspired by the men's collection. but image can be as important to style. in asia, pa rents as important to style. in asia, parents often see their children as
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a reflection of themselves, the reflection of their taste and social status. in asia, success often tra nslates status. in asia, success often translates to being rich. so wealthy pa rents translates to being rich. so wealthy parents in asia want to dress their children but curiously. smaller families are feeling the demand for luxury childrenswear. —— luxiously. i want to buy them good clothes because they look good. so we buy, of course, dior. the barrage of coverage also has a big influence. 0ne coverage also has a big influence. one of the biggest things is social media. it is a good way to show your peers what you just got for your baby. the latest handbag for your daughter. industry watches say the next big thing will be comfortable
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and organic clothing. the look may be less ostentatious, but you can be sure that prices will not be any cheaper. sarah, bbc news, singapore. a greeting to millions across the world a re a greeting to millions across the world are celebrating the chinese lunar new year. the year of the rooster is going to ruffle a few feathers. the csla has a forecast for the hang seng index based on astronomy. i spoke to an analyst from csla to see how accurate it has been. of course, it is purely for alternative referencing, just for fun. but if you look at the first year of our forecast, it was the monkey year, and we correctly forecast it. go on, i am an 0x. tell me what kind of year i will have an
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potentially the rest of our viewers will have. will we be financially lucky? those who will be financially lucky? those who will be financially lucky are big, well, the t, lucky you. —— the. and the horse and snake, as well as the 0x. you also have forecasting that is not good for the likes of the goat, for instance. it says it is a tough year for them. is there anything investors can do to change their luck? of course. besides looking at the tracking of the hang seng index forecast, wearing bright colours, like yellow and red, and two and numberfour. like yellow and red, and two and number four. generally, the outlook for this year is good or bad, according to the rooster? it is a good yearfor according to the rooster? it is a good year for the hang according to the rooster? it is a good yearfor the hang seng index. it is driving up the share price u pwa rd it is driving up the share price upward injune and july and a bit of
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downward movement towards the end of the year. 0verall, downward movement towards the end of the year. overall, a good yearfor investing. let us take a look and see if those predictions are coming through with the market today. the nikkei is down 1%. australia's all 0rds index is down 1% as well. the hang seng index is unchanged. that is over donald trump's fairly inconsistent and unpredictable policies, say many analysts. toshiba shares are falling as well. that is it for this asia business report. thank you for watching. you are watching bbc news. here, there are growing calls for president trump's state visit to britain to be called off because of his travel crackdown. the labour leader, jeremy corbyn, has said the visit shouldn't happen while the ban is in place. 0ur political correspondent, eleanor garnier, has the latest. new leaders and new friends. it was all going so well. then just hours after theresa may
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left washington, donald trump enacted one of what many think is the most extreme of his campaign policies. by then, the prime minister was in turkey for trade talks where she avoided condemning the president's travel ban. well, the united states is responsible for the united state's policy on refugees. the united kingdon is responsible for united kingdom's policy on refugees. but then overnight a new statement clarifying that the prime minister did not agree with this kind of approach and condemnation from the foreign secretary who said it was divisive and wrong to stigmatise because of nationality. the british 0lympian sir mo farah was born in somalia but lives with his family in america. he said he had been deeply troubled he would have to tell his children that daddy might not be able to come home after a training camp in ethiopian. the president, he added, had introduced a policy that cames from a place of ignorance
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and prejudice. and government ministers were publicly echoing concerns. the prime minister is not a shoot—from—the—hip type of politician. she wants to see the evidence, she wants to understand precisely what the implications are, there is always pressure to respond within a new cycle and so on, the important thing is we are saying that we disagree with it and we do think it's wrong. friends can be candid with each other, that is what the prime minister said before her trip to the uniterd states. it now seems that is far easier in theory than it is in practice and having failed to live up to her own words once, there is now criticism she has undermined her own strategy. after concern all day, the foreign office said tonight it had been reassured by the us that it was not imposing travel bans on any uk dual nationals though they might face extra checks. and the labour leader stands by his call for mr trump's state visit to be called off. i am not happy about him coming here until that ban is lifted, quite honestly. because look at what is happening with those countries. how many more is it going to be
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and what's going to be the long—term effect of this on the rest of the world? this relationship, like many, is complicated. the last 2a hours have shown the difficulty of forging closer ties with the us while keeping a suitable distance from mr trump. a huge challenge the prime minister will have to get used to. hello, this is sport today, live from the bbc sport centre. coming up on this programme. roger federer makes it 18 grand slam titles after beating rafael nadal to win the australian open in a five set thriller. holders manchester united into the last 16 of the fa cup after a 4—0 win over wigan. and, john rahm gets his first win
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on the pga tour with two eagles on the back nine. hello and welcome to the programme where we start with tennis news. roger federer and rafael nadal, playing each other for the first time in a grand slam final since 2011 rolled back the years at the australian open. the swiss prevailed in the final over five sets to become, at the age of 35, the oldest man in the open era to win a major final since 1972, and victory also notches up his record—extending 18th grand slam title. rafa has been particular in my career. he and some of other players have been the most to do


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