Skip to main content

tv   Asia Business Report  BBC News  March 13, 2019 1:30am-1:46am GMT

1:30 am
by a judge in melbourne. this follows his conviction in december for sexually abusing two choir boys. he is the most senior clergyman ever to be convicted of child sex offences. british mps have, for a second time, overwhelmingly rejected the brexit deal negotiated with the eu. it's despite theresa may securing last—minute changes on the issue of the irish border. and this story is trending on india and europe have closed their airspace to the boeing 737 max, following sunday's fatal crash of an ethiopian airlines jet. theyjoin a long list of countries that have suspended the plane. that's all. stay with bbc world news. and news in the uk: a third climber has died following an avalanche on britain's highest mountain, ben nevis.
1:31 am
now on bbc news live to singapore for asia business report. with rico hizon. shares in boeing falling another 6% as global skies are increasingly off—limits to its top—selling 737 max aircraft. the clock is ticking, but we still don't know how the uk will leave the european union. are we on our? hello, everyone, and welcome. you're watching asia business report on bbc news. i'm rico hizon. we begin with boeing. the stock fell another 6% on tuesday, leading to a 5% —— adding
1:32 am
toa5% tuesday, leading to a 5% —— adding to a 5% decline. since the deadly crash, more countries have banned the 737 max 8 plains, here in each of the list include south korea, malaysia, india, australia, and new zealand. indonesia's lion air, one of the biggest customers of the plane, has suspended delivery of four of the jet set had on order for this year. in october, a lion air 737 max 8 crashed shortly after taking off from jakarta, killing all on board. boeing said that safety is their number one priority and they have full confidence in the safety of the max. regulatory agencies and customers have made the decision they believe is most appropriate for they believe is most appropriate for the home markets. an aviation journalist services the tough time for boeing. the 737 max 8 is probably the most important programme on their books. 350 plus airliners flying. a500 deliveries. this is supposed to be a cash cow
1:33 am
for boeing. very safe and reliable. it isa for boeing. very safe and reliable. it is a very high selling jets, it is competing with the airbus. it is one of the major local cost carriers‘ favourites. one of the major local cost carriers' favourites. many international airlines have already grounded the aircraft. civil aviation authority ‘s have even banned it from their airspace. so much pressure on the us faa to ground these aircraft as well. many already have them and are flying them. the faa already have them and are flying them. the fm is under pressure right now. politicians have come out saying they would like to ban it. there was a flight attendant ‘s union talking about granting...m your view should be ground them? we should focus on the second investigation into the ethiopian crash. we really haven't conclusively proved anything about why that was caused or if it was
1:34 am
even related to the first accident. i think there should be caution about this right now. but it is important that we see what happens with the second crash, but then again the regulators will always try to error on the side of caution. this damage to boeing and the max, will it have an impact on their earnings going forward? will it have an impact on their earnings going forward ?m will it have an impact on their earnings going forward? it is difficult to see how that will happen. there could be compensation, they may have to pay airlines about delays in that sort of thing. that remains to be seen. greg waldron from flight global. we move on to brexit. we are just over two weeks to the deadline and we still don't know how, when, whether the uk will leave the european union. the lawmakers rejected prime minister's theresa may eal withdrawl deal for a second time. they will now vote on whether uk should leave the eu without a deal and on whether brexit should be delayed. i asked geopolitics expert aid modify what
1:35 am
is next to. there are not many good options on the table right now. there is no cohesive aim, no cohesive strategy from the uk governments, as a whole. and therefore we enter a stage of great uncertainty. what about the referendum or the general election option? a general election possibly could come into effective theresa may steps down. and then we will have to look for a new prime minister. and if the labour party do when, a potential hypothetical general election, they have not removed the option of a second referendum, although it is not their first choice. this definitely will be passed much 29. in your view, what are the implications for asia's businesses and their uk and eu strategies? it is more of the same at the moment. a lot of uncertainty. there is no clear view of what
1:36 am
britain will look like past the end of the month, even. so investors will not be making any long—term decisions at the moment, quite rightly so. aaron mordechai there. a geopolitical analyst. us president donald trump's tres chiva, robert lighthizer says he cannot predict success at ending the trade war with china. speaking before the senate finance committee he said major issues needed to be resolved before an agreement was reached, as talks intensified in their final weeks. netflix will reportedly start making its original anime injapan by partnering up with companies in the country. a business paper says it will release them globally in two or three years. the move is seen as a way to compete with disney. the united nations as north korea has violated sanctions by using global
1:37 am
banks to funnel illegal deals. the report says these banks continue to facilitate transfer of funds, even though transfers of petroleum and coal products are banned. we now turn our attention to japan, because carmakers listen, renault, and mitsubishi have promised a new start to their alliance —— nissan. they wa nt to to their alliance —— nissan. they want to move past the turmoil caused by the arrest of their former boss carlos ghosn. rupert wingfield hayes was at that conference in yokohama and sent this report. perhaps not surprisingly, the announcement in yokohama today was very upbeat, the heads of renault, nissan, and mitsubishi declaring the rebirth of their alliance. but beneath the headlines this strikes me as something of a victory for nissan and its ceo. last year the previous chairman of renault and nissan, carlos ghosn, who is now
1:38 am
under criminal indictment, was pushing for a deeper integration between nissan and renault, perhaps the full integration of the companies. in the new ceo was adamantly opposed to those plans. what has he got today? he has a full declaration that the three companies will remain separate, run by separate boards of directors. nissan has also won another large concession from renault, the new chairman of nissan, previously a lwa ys chairman of nissan, previously always a renault employee will no longer be. when they choose, finally, carlos ghosn's replacement later in the year, be up to nissan to make that decision, not the french. overseeing this alliance now, in place of carlos ghosn will be this new board of directors, made up be this new board of directors, made up of the heads, the ceos of nissan, renault, and mitsubishi, plus the chairman of renault. this was, again, portrayed today as a body
1:39 am
that will allow for faster efficient decision—making that will allow this alliance to compete more quickly, more efficiently with the other big car companies around the world. but it has to be said, this new structure is more cumbersome than the one it replaces. and it is hard to see how that it doesn't contradict with the idea of speed and efficiency. rupert wingfield hayes in yokohama, japan. the country is known as a world leader in robotics, but not only are they greeting guests at hotels or seven feet are restaurants, they are also transforming the medical industry. as part of our leading cities series, mariko oi visits a very special operating theatre. is this the future of surgery? this smart cyber operating theatre connects medical devices together and consolidates the information in real—time, helping surgeons make critical decisions.
1:40 am
japan is already a world leader in robotics. the industry is currently worth $5 billion. at this nursing home, 16 different types of robotics, from nursing aides to rehabilitation devices support the residents' well—being and care. this baby seal, inspired by animal therapy, can respond to temperature, touch, and sound. it is being introduced in countries around the world. what kind of impact can you see residents seem happy to interact
1:41 am
with pepper, a humanoid robot able to recognise some emotion. as the country faces an ageing population, there is a shortage of care workers. it is hoped that over time robotics can help fill the deficit. mariko oi, bbc news, tokyo. let us have a quick look at the markets. as you can see, rather weak, lethargic in mid—morning trade. as many investors here in the region digests the brexit chaos overnight and as us stocks swung to a steep finish. thank you so much for investing your time with us. i'm rico hizon. goodbye for now. this is bbc news, the top stories this hour. cardinal george pell has been sentenced to a total of six years in prison for the sexual abuse of two choir boys in australia. british mps have, for a second time, overwhelmingly rejected the brexit deal negotiated with the eu.
1:42 am
it's despite theresa may securing last—minute changes on the issue of the irish border. bradford city football club is bringing communities together. they're encouraging those from ethnic minorities — many of whom live near its ground — to come to the game. it's why a group of women from the british—bangadeshi community have become regulars at many of the matches. they're part of the bangla bantams supporter group. we have got as many women together as possible. and just basically get them to enjoy the experience the feeling, unless they experience by going to football games, they won't know what it is like.
1:43 am
as someone living nearby, i am a lwa ys as someone living nearby, i am always seeing it, but i have never even imagined i would be going into a stadium or anything. when we first we nt a stadium or anything. when we first went with the ladies, they were praying a lot and saying we really wa nt praying a lot and saying we really want bradford to win. and when bradford did when, the excitement on their faces, they were actually jumping up and down, the elderly ladies were jumping jumping up and down, the elderly ladies werejumping up jumping up and down, the elderly ladies were jumping up and down. when i first went to bradford city foot ball when i first went to bradford city football to watch a match i wasn't sure how people would react, but they were normal. all the people who had never been with me they enjoyed it. they look forward to another game. sol it. they look forward to another game. so i am looking forward to again today. i haven't been since that day. asian women, in particular, it is important to get out and get away from the home environment. because usually on a saturday afternoon they would be at home, may be cooking or looking
1:44 am
after the family, the children would be at home. it is important for them to get out and come and watch a match and enjoy food with friends and family and whoever they come with. i feel proud. i stand and family and whoever they come with. ifeel proud. istand up straighter and just walking with all the people. i am part of bradford andi the people. i am part of bradford and i am part of this area. the first time i went into it, the huge, how big the stadium was, and all the people around the place coming in, and all the little kids playing first. just the excitement. the way they were doing stuff.|j first. just the excitement. the way they were doing stuff. i know it is a british game, but we can include all the people and they can enjoy the game. football is for everybody. hello, this is sport today, live from the bbc sport centre. coming up on this programme: cristiano ronaldo scores a hat—trick as juventus fight back to beat atletico madrid 3—2 on aggregate in the champions league.
1:45 am
asian champions league holders kashima antlers surrender a two—goal lead at home to shandong luneng. and, on a day of shocks at indian wells, men's top seed novak djokovic goes out along with women's second seed simona halep. hello and welcome to the programme, where we start with the uefa champions league, and cristiano ronaldo has again dragged his team back from the depths. this time a hat—trick forjuventus, as the old lady saw off atletico madrid to progress to the quarter—finals, while manchester city thrashed schalke to also progress. ronaldo's hat—trick in turin capped off a remarkakable turnaround for massimiliano allegri's side, and our football reporter john bennett gave me his verdict on what we can expect next from the italians. i think this was a defining note for juventus, because yes, cristiano ronaldo was the hero. everyone will talk about him, he will grab all the headlines, but i thought it was a fantastic team performance. the two centre—backs faultless. atletico
1:46 am
madrid didn't want to put


info Stream Only

Uploaded by TV Archive on