tv Asia Business Report BBC News July 3, 2018 1:30am-1:46am BST
you're watching bbc world news. our top story: rescuers have made contact with twelve boys and one adult, who've been trapped in a flooded cave system in thailand for nine days. the youngest of the group is just eleven years old. rescuers are now trying to work out how best to bring them to safety: they'll need to dive through flood—water to get out of the caves. the most senior catholic priest ever to be convicted of covering up a child abuse scandal has been sentenced to 12 months home detention by an australian court. and a rare glimpse of a new planet has emerged. it's the clearest image so far of a planet being born and it comes from the european southern observatory. it shows a new planet, forming around a dwarf star. no romantic names, though — the star is called pds 70 stay with bbc world news. proposals for a the eu exit will be
at best, more on that later. now on bbc news — it's asia business report. auto makers around the world are caught in the crossfire as potential new tariffs are on the horizon. what will be the impact for asia's car companies? and president trump continues to roll back business regulations, including the sick and —— second biggest source of waste in the country. welcome. cars are the next battleground in the looming trade war between the us and the rest of the world. china has already imposed additional tariffs of 25% on cars and parts and imported into the country. those taking fact best
friday. meanwhile, the us commerce department is deciding whether washington should limit cars made overseas from entering its market. what impact will they have in japanese and other asian carmakers? janet lewis says they are analysing the next move is. the key differences are going to be forked carmakers in nafta and those who import. exhibition motors imports exclusively from japan, nasda mostly from japan with a little bit from mexico. in contrast, a company like honda is very localised. they would be much less impacted as long as the ta riffs be much less impacted as long as the tariffs for now were limited to outside nafta. how could these carmakers, the japanese carmakers you mentioned, how could they potentially protect themselves and what are they doing as a response?
in terms of protection, u nfortu nately in terms of protection, unfortunately there is little in the way of near—term solutions. if you think back to when you have the first push of localisation it was in response to quotas and pressure at the time of the paris are caught. and so they responded by locating planets, parked —— primarily in the us, but also canada is at that time you had the us canada water agreement in place. and so that was the prime area it responsibly —— prime —— primarily responsibly matter is building a plant with toyota but it could be finished until 2021. you could see other makers moving into the us market with more production as a response. we know this is support —— supposed to support us industry. but is there a chance that this will backfire,
making cars more expensive for americans? it definitely will make ca i’s americans? it definitely will make cars more inspection —— more expensive. gm has more external exit nafta exposure than honda. if you start to include mexico, then ford has extensive production in mexico. so some of the forecast was seen in the industry suggest that you could see as many as 600,000 jobs lost in the us. to the world's biggest -- two of the world ‘s biggest supermarket chains or working together to cut prices. britain's tesco and a french supermarket sell more than $639 billion worth of groceries every year and employ more than 400,000 people around the world. they have almost 20,000 stores between them in more than 20 countries and the two have been
talking for two years. no formal agreement has been signed and say they are hoping to finalise an agreement in two months. madeleine isa branding agreement in two months. madeleine is a branding consultant and the aim is a branding consultant and the aim is to gain a competitive edge. whether it is a premium brand, in the end they want to go to a brand they can trust but the prices will be low. right now, 50% of tesco's sales are owned brand products. about a quarter are owned brand and they want to increase that. think that the chain of supply, they have a lot control over owned brand products in terms of what they develop and offer, marketing and branding and they want to push these products. in the end, with consumer goods, people need to buy food and need to go shopping somewhere. it is partly about the online sales and the bricks and mortar. with this strategic partnership, they want to strengthen their position in the market. and now to some sports news
thatis market. and now to some sports news that is not the world cup, roger federer has ended his decades long partnership with nikkei and signed a deal with uniqlo, it is reportedly worth $300 million over the next ten yea rs. worth $300 million over the next ten years. quite a good score for uniqlo. indeed, i was years. quite a good score for uniqlo. indeed, iwas very disappointed this morning, all ready to talk about japan's loss at the world cup, but some good news for uniqlo. roger that hasn't commented about this, he walked into the conference and he was wearing a uniqlo shirt and they have convened —— confirmed on twitter that he is sponsored by them now. i remember they first opening their store in japan, it was known as cheap, decent
quality clothing but has since expanded internationally and is pushing into the sports field, not just roger federer, we have japanese player kei nishikori and also gulf we re player kei nishikori and also gulf were adam scott sponsored by uniqlo and for roger federer, and you mentioned $300 million for ten years and that is only a report but it is believed to be about three times what nikkei was paying roger and for him, it has been, for his entire career sponsored by nikkei, so definitely a victory for uniqlo. —— nike. donald trump has vowed to repeal rules and regulations that he says hertz corporations and stunts economic growth. nowhere has that repeal at the lismore controversial than at the us agency in charge of environmental protection. 0ne change ranging the fact raising eyebrows is the rule requiring power plants to
monitor the waters surrounding the coal ash residue, that is the byproduct of creating electricity. the second biggest source of waste in the country. in 2008, this town in tennessee turned into this eerie moonscape after a dam broke, spilling i billion tons of coal ash into a nearby river in one of the worst environment of disasters in us history. now covered in grass, most of that coal ash ended up here, nearly 300 miles south in a landfill just outside union field alabama. i am standing on top of the more than 400 million tons of coal ash that came from kingston tennessee to this landfill. while arrowhead has long since stopped accepting coal ash, the impact of that spill and the ash underneath me were profound. regulations were passed by the epa in 2015, they mandated that
utilities like this alabama powerplant monitor their coal ash sites for contamination. that is because it contains dangerous carcinogens like arsenic, mercury and that led, which can leach into the surrounding groundwater. in march, that data was released for the first time. here in the wilson fuel, it wasn't pretty. what did that reveal to you? it came out hot, it came out dirty. we have contaminated groundwater. at further testing is in jeopardy, contaminated groundwater. at further testing is injeopardy, that is because the epa admin said that the agency would be revising those landmark regulations. and that has worried people like former epa chief christina type whitman. we have seen these breach. we have seen them get into the water tables. what they are not doing is putting people who live there, they are putting their lives in danger because they will get polluted water, that is why the
regulations were put in place in the first place. and without those regulations, the people of wilson fuel don't feel safe. they are not good to poison us now, they will and oui’ good to poison us now, they will and our grandchildren and the offspring of everybody‘s cattle herd around here. for now, this is not the epa's it is the utilities agency. the epa wa nts to it is the utilities agency. the epa wants to cut regulations to save money. but the question is, at what cost? let's take a look at other news. westlock has admitted a glitch in its network. people whom you have usually blocked they have been unblocked cabrera lee. the company says it would be informing those affected, about 800,000 of them. let's look at those markets because after days of losses particularly on the shanghai composite, we have seen
the shanghai composite, we have seen the nikkei gaining some today. that is really as it tracked wall street shares higher. wall street doing reasonably well because there were gains in technology shares like apple, which helped offset some of those resource stocks that have been dragged down by oil prices. and that is it for this edition of asia business report. thank you for watching. you are watching bbc news. 12 boys and their football coach and synchronised days in a cave in thailand have been found alive. and the most senior catholic priest ever to be convicted of covering up
child sex abuse has been sentenced to 12 months detention by an australia in court. —— australian. the prime minister has come under pressure to reveal more details about a possible new plan to break the deadlock over how customs will be handled after the uk leaves the european union. details have not been revealed publicly but senior ministers will discuss it on friday at chequers, the prime minister's country retreat. on monday afternoon theresa may made a statement to mps following last week's eu summit. 0ur political editor laura kuenssberg reports. a mirage in the heatwave or could it... could it really be the outline of brexit emerging? the government's sweating to publish a more detailed plan next week. but the prime minister first of all has to get her sparring cabinet to sign it off. statement, the prime minister. the eu and its member states will want to consider our proposals seriously. we both need to show flexibility to build the deep relationship after we have left that is in the interests of both our peoples.
this government has mishandled the negotiations every step of the way. another summit is gone and another opportunity missed. but all we know for sure is that number ten says it has a new plan for sorting out customs and the irish border after we leave the eu. even ministers were not aware of all the details. it's thought even the brexit secretary david davis may not yet have agreed all the lines. you wouldn't be blamed for thinking that you've heard this many, many times before. the tories have been trying to sort this out for months and months and months, but this week matters because the government's promising decisions and number ten believes it has found a way out out of some of the brexit conundrums. a way through the tensions that have been frying the tories in the westminster heat. and remember, it's not only conservatives staking out their territorial. but number ten's next steps may not
survive the full glare of the rest of the eu. there's no sign that brussels will accept downing street's mooted compromise. but first, the prime minister must try to corral the cabinet, some on tour today, the beasts big and small. but whether theresa may is really in charge of her party is — let's just say it — the elephant in the room. laura kuenssberg, bbc news. that's it from me. now it's time for sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: belgium come from 2—0 down to score a last second winner against japan and move through to the world cup quarter—finals. and they'll face neymar‘s brazil who, despite his antics, scored in their 2—0 win over mexico. and it's another year of wimbledon with another roger federer victory.
the defending men's champion cruises past dusan lajovic and into the second round. hello and welcome to the programme, where we start with the fifa world cup in russia on a monday where there were no shocks in the last 16 matches. brazil eased past mexico but belgium had to come from 2—0 down to beat a dogged japan. 0lly foster rounds up the action from moscow. this tournament continues to be an absolute knockout, after those two penalty shootouts on sunday, we expected a quiet monday here in russia but when brazil are playing they always seem to create their own drama, don't they? they beat mexico 2-0, drama, don't they? they beat mexico 2—0, fairly straightforward to get to their seventh straight quarter—final but the spotlight was again on neymar. his performance won them