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tv   Asia Business Report  BBC News  March 28, 2018 1:30am-1:46am BST

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president kimjong—un did meet xijinping this week in beijing. china says kim told xi that his regime is "committed to denuclearisation" and that the confrontation on the korean peninsula can be resolved south korea and the united states respond to with goodwill. the russian government has reacted angrily to nato's expulsion of seven russian diplomats based at its brussels headquarters. it's the latest response to the nerve agent attack in britain. and this video is trending on it's a wedding which didn't exactly go to plan. a barn owl was the ring—bearer and while it made it down the aisle after its first landing on the best man, things go wrong. you can see the entire video at that's all from me for now. stay with bbc news. and the top story here in the uk: the head of manchester's fire service has apologised for its response to the suicide bombing in the city last year. an independent report found firefighters were kept away
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from the scene for two hours. now on bbc news, all the latest business news live from singapore. mark zuckerberg reportedly says he will testify before congress over the facebook d'etat privacy scandal. and too much gone to waste. find out why farmers in india are not able to fully profit from their own produce. -- it is fully profit from their own produce. —— it isa fully profit from their own produce. —— it is a wednesday. good morning, asia. hello, world. iam rico hizon. we start off with the social media giant. after repeated calls for mark
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zuckerberg to go before congress, he has finally said he will. the company has come under intense criticism over its handling of user data. investors seem to be losing confidence in the social media company as well. what is happening? we are seeing facebook get beaten up on wall street. we saw maul falls on wall street and it brings a decline in market value to about 18%, it works out to about $100 billion. we are basically seeing questions about whether facebook can ramp up the protections around its data and privacy. and if they are not happy with mark zuckerberg's testimony because the tougher regulation. mayoral worried about tougher regulation. whether we can see the
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businesses continue to advertise with these firms given the loss of investor and public trust. facebook and many technology companies are hurting. thank you for the update. the investigation is continuing into an incident where a self driving ebbo killed a woman in arizona recently. despite ebbo's problems they are pushing ahead with their plans we spoke with waymo's chief executive. he began by asking whether the perception of self driving technology had been seriously harmed by what happened to uber. my focus has always been on safety. it is how we started this at google. we have driven over 500 million miles autonomously. public roads in the us. testing in 25 different cities. we have exercised that software in 500 miles of simulation. are you worried about the perception in the wake of what
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happened to uber. i appreciate it is not the same company. the perception of self driving took a hit when that happened. we will have to see. our job is to get out there and be as transparent as we can with our company. last fall we published a a0 piece safety report to explain to the world how it is we think through all aspects of safety. —— a0 page. we aim to provide a very safe car to people. there will be a transition period where this collision between human drivers and computer drivers will result in accidents and inevitably in more depth. that is something your company surely acknowledges at this point. what is happening on the world's roadways is nothing we should be proud of. one point to die every year on roads around the world. it is like a 737 crashing every hour —— 1.25 million. there will be more people who lose
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their lives as a result of self driving technology. if you look at the cause of most crashes, 9a% are due to human error. what do you hope to achieve by the end of this year? by to achieve by the end of this year? by the end of this year we will have the strugglers transportation service up and running in phoenix. that will be in the public. that is right. there won't be a safety driver behind the wheel. that is correct. will people be comfortable with not having a driver behind the wheel? if our experience in phoenix is any indication, a lot of people will be comfortable. more than we could handle, quite friendly. some of the self driving automobiles to be available to the public this year includejaguar cars. waymo be available to the public this year include jaguar cars. waymo has joined forces with jaguar land rover to make this premium vehicles. by 2020 both companies say 20,000 of the sports vehicles will be part of waymo's public fleet.
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roberto azevedo says we are now seeing the first movement towards a global trade war. his comments come after the us announced tariffs. china responded the tariffs of its own. he was speaking to the bbc and he was asked how worried he was about unilateral action. he was asked how worried he was about unilateral actionlj he was asked how worried he was about unilateral action. i think the unilateral actions can take as in that direction. you characterise donald trump's actions as unilateral actions? i don't kehlet -- characterise anyone's actions. they know what they are. crosstalk you are not taking a noose was ability to show leadership. it does not matter. it doesn't matter when you find it is unilateral or not. the fact is, when you announce a certain types of measures and others deemed that those measures are not in compliance with their obligations and
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threatened to retaliate, that is a problem. the whole thing is a problem. the whole thing is a problem. how big a problem if it? it isa problem. how big a problem if it? it is a big problem. i have been saying this for quite sometime. i don't believe anyone thinks this is something minor. even in the us administration. the reality is these conversations are now ongoing. the conversations are now ongoing. the conversations are now ongoing. the conversations are ongoing precisely because people are beginning to understand, i hope, how serious this is and the kind of impact this could have to be global economy. this isn't really any more about the threat of a global trade war. we are ina threat of a global trade war. we are in a global trade war, aren't we we re in a global trade war, aren't we were so i don't think we are there yet. but i think... watmore will it ta ke yet. but i think... watmore will it take for you to declare? the measures and countermeasures are not in place yet —— what more. there are announcements. that does not mean we should downplay that. you don't want to be in the war. we want to avoid
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the war. everything we can do to avoid being in that situation, that is what we must be doing at this point. the world trade organization chief speaking to. you can watch the full interview on hardtalk at 10:30am hong kong time. farmers fair amount of their fruit and vegetables because the country lacks adequate transportation and storage facilities. but how bad is the situation? we have this report. this is a small farm in southern india produces 500 kilograms of tomatoes every day. his biggest challenge, keeping them fresh enough to get to the market. most of the produce used to rofes because it was
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stored in an open space. about one year ago he found a solution. the cold storage gives a longer life to the crop. the life gets extended up to about six or seven days from three days. he pays around $15 every month for his tomatoes to be loaded onto refrigerator trucks like this and transported to market. he is in and transported to market. he is in a very small group of farmers who can a very small group of farmers who ca n afford a very small group of farmers who can afford these extra costs. but there is another problem. india has just 7000 cold storage units. and less tha n just 7000 cold storage units. and less than 10% can store crops like tomatoes. for a country with more than a billion mouths to feed, access to universal cold storage is more pressing than ever. a unit like this one costs about $6 million. a big amount but a necessary one. almost a0% of fruit and vegetables grown in india rot before they reach
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the market. and so the state governments are desperately need to invest in basic infrastructure like this. the indian government has recently opened up the sector to foreign investment. but global players have been hard to come by. those working in the industry say it is not just about those working in the industry say it is notjust about building code change solutions. they have been limitations. it gets used only in pa rt limitations. it gets used only in part of the year and lennie waite of the hole capacity. building multipurpose capacities is something thatis multipurpose capacities is something that is state—of—the—art —— and so you waste of the hole capacity. every year they hope for a bumper harvest. experts estimate india needs about $15 billion in investment over the next five years to help farmers keep the produce fresh. until that piece of the puzzle is solved, all these tomatoes
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and other fruit and vegetables will most likely keep going to waste. from indianfarming most likely keep going to waste. from indian farming to the asian financial markets. as you can see, on the market boards, all in negative territory. huge declines in technology shares, reversing a global stock market rally overnight that swept through asia and europe. japan down by aa5 points. the all 0rdinaries losing 33. the hang seng opens in about 15 minutes. thank you for investing your time with us. i am rico hizon. goodbye for now. the top stories this hour: a recap of our breaking news. chinese state media has announced that the north korean leader, kim jong—un, did meet xijinping this week. the south korean government said he travelled with his wife. nato is expelling seven russian diplomats from its headquarters. the latest international sanctions in response to the nerve agent attack in the uk.
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the facebook founder, mark zuckerberg, has refused to appear before mps to answer questions about how personal data belonging to millions of facebook users was gathered. one of his deputies will attend instead. meanwhile, a whistleblower from cambridge analytica, the company at the centre of the controversy, has been giving evidence. our technology correspondent rory cellan—jones reports. he's the founder of the social media giant facing its biggest crisis but facebook‘s mark zuckerberg doesn't want to talk about it to mp5. he's turned down an invitation to answer questions about data privacy and offered to send one of his senior executives instead. that didn't get a good response. i think it is absolutely astonishing that mark zuckerberg is not prepared to submit himself to questioning in front of a parliamentary hearing, given that these are questions of fundamental importance and concern to facebook users. this man was happy to speak
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to mp5, christopher wiley, is the whistle—blower who alleged that cambridge analytica used facebook data in its work to elect donald trump. but much of his evidence centred on the eu referendum campaign and the way data companies may have been involved. these are the complex links described by christopher wiley. he says cambridge analytica was closely tied to a canadian firm, aggregate iq, which had access to the facebook data held by cambridge analytica. we know that this firm worked for both the official vote leave campaign and got a substantial sum from beleave, a group set up by a young fashion student. christopher wiley says the two groups co—ordinated their spending and that was illegal. mr wylie said even as a eurosceptic this felt wrong to him. you cannot call yourself a leaver, you cannot call yourself somebody who believes in british law and win by breaking british law. is that your belief as well,
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that the law was broken? absolutely. cambridge analytica says mr wylie left the firm in 201a. aggregate iq denies it's linked to the company. vote leave says that it won the referendum campaign fairly and ethically. one report says mark zuckerberg will testify before the us congress. he may be more comfortable in washington than westminster. rory cellan—jones, bbc news. don't forget you can get in touch with me and some of the team on facebook — i'm @sharanjitlelebc. this is sport today. coming up.
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australian cricket coach darren lehmann remains in south africa but replays including steve smith sent home. world champions germany are beaten in early on with gabriel jesus scoring the only goal of the game for brazil. and the head of the commonwealth games will find out how a geography teacher from commonwealth games will find out how a geography teacherfrom ireland has inspired generations of athletes to global success. welcome to the programme. plenty to get through. we start with a cricketing news that three australian players have been sent home from the tour of south africa including the former captain and vice captain. steve smith and david warner and cameron bancroft avenue david warner and cameron bancroft ave nu e left david warner and cameron bancroft avenue left with glenn maxwell,


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