Skip to main content

tv   Asia Business Report  BBC News  May 24, 2019 1:30am-1:45am BST

1:30 am
our top story: india's prime minister narendra modi has secured another five—year term with a landslide victory in the country's general election. voters gave his bjp party an overwhelming majority in parliament, securing more than 300 of the 543 seats. the main opposition alliance, which is headed by rahul gandhi's congress party, has admitted defeat. the usjustice department has unveiled seventeen new charges against the wikileaks founder, julian assange. he's accused of violating the us espionage act by publishing classified military and diplomatic documents in 2010. and this video is trending on bbc.com. it shows the latest work by the mysterious street artist banksy made up of nine individually framed paintings to highlight the ongoing issue of big cruise ships docking in the canals of venice.
1:31 am
and the top story in the uk: the uk government has delayed publication of theresa may's revised brexit plans — as speculation mounts the prime minister will announce her resignation in the coming days. now on bbc news live to singapore for asia business report. this america's aviation regulator says the boeing 737 max can be the safest aircraft in the sky once a safety upgrade is complete. hope for huawei. president some —— president trump says the company could be included in any trade deal the two countries make. it's friday. good morning, asia. hello, world. glad you could join us this exciting addition of asia business report. we start off with boeing on the head of the us energy —— aviation regulator
1:32 am
has said the boeing 737 max can be the safest plane in the sky once a safety upgrade is complete. the meeting about the progress boeing is making to fix the problems that led to two fatal accidents was positive, according to attendees at a meeting in houston. it is unclear when the plane will be safe to fly again. mr elwell was talking about the software. we are going to make sure that when the 737 max lies again that when the 737 max lies again that the mcast system and the inputs that the mcast system and the inputs that make the mcast system activate are refined in a way that makes the aircraft is safe as possible. what went wrong? there are planes that crashed. where did that go wrong.
1:33 am
these are active investigations. it would be inappropriate for me because the question what went wrong is in effect the culmination of a lot of work and a lot of work that still needs to be done. all we can do is look at the interim reports which we have, with great detail, and those interim reports have established to us the link between the ethiopian and lion air accidents and the faa operators in the international community —— community, that is why we are here today, will look at that link and mitigate that link and do a safety analysis to allow the 737 max to fly again. do you think the faa should have grounded the max plains after that lion air crash? after that crash, we didn't have that data we needed to grounded aircraft. the action we took was sufficient to
1:34 am
make sure that the world, we put out an international notice, if that happened again, could handle it. the cruise on the operators could handle it. it wasn't sufficient. there was another crash. 350 people dead. the investigation will determine whether or not that was sufficient. we will find out the reason for these terrible, horrific accidents and i'm confident that working together, we are going to fix it and the 737 max will go on to be as the 737 varietals before it, the safest planes in the sky. that was the faa's daniel elwell. donald trump has said that the chinese telecoms giant huawei could be in any trade deal struck. broad ranging restrictions were announced because of security concerns. it's led many
1:35 am
companies to cut ties with huawei but this deepening trade war between the two has led to more losses in financial markets. asia is also being affected in early trading. as for oil prices, we are seeing them fall by 4%. president trump might now include huawei in any deal. fall by 4%. president trump might now include huawei in any dealli think what both sides are trying to do is establish some eligibility for the next round of negotiations by tackling huawei which is central to the chinese economic strategy for the chinese economic strategy for the next two decades. the americans have clearly identified a sensitivity and are seeking to exploit that for gains in other areas. why include huawei in the negotiations when over the past months, it was never part of the negotiating process? the americans have used them both in an economic
1:36 am
sense because there are american makers and telecommunications equipment that would like world market share but they've also viewed it as market share but they've also viewed itasa market share but they've also viewed it as a bit ofa market share but they've also viewed it as a bit of a strategic threat because telecommunications quit and can be used for both commercial and strategic uses so the americans have been trying to tell other countries that it's very dangerous and if there is an agreement, it will probably be better if the telecommunications issues were settled at the same time that others won't. the chinese have called the americans bullies but have the chinese also been bullies to the americans? given the fact that one a nalyst americans? given the fact that one analyst said they have been insincere during these months of negotiations? i was always told that just because you allowed, mean you are right. both of the styles can be very effective. the chinese in their own way can enforce their objectives very carefully by using subtle
1:37 am
pressure and regulation to inhibit foreign firms if they choose to do so foreign firms if they choose to do so they have a lot they can bring to the table without making broad threats. with all this rhetoric taking place, when you expect trade negotiations to restart once again. it may seem like a remote possibility now where every day brings new publications but i would accept —— expected the g20 meeting, both presidents will get together and agree that it's better to go back behind closed doors and continue the negotiations that were going so well. while i made be an outlier here, the outlines of an agreement will be reached before the end of the year. there are political and economic reasons for both sides to reach an agreement. the united states is expected to drive a hard bargain with japan. tariffs are said to be at the heart of negotiations between america's top trade
1:38 am
officials. their meeting comes ahead officials. their meeting comes ahead of president trumpover the weekend. we spoke with a tray consultant about big differences between the two sides. most likely, it's still an impasse, unfortunately, because despite the ticking clock of six months, on agriculturalfronts, the us would want better market access into japan but on the automotive side, tariffs and quota, will the united states is also tariffs as leverage? it's likely the us would and how real it can be is in question. what about agricultural issues? thinkjapan would concede?
1:39 am
there is a possibilityjapan may concede to the level of the tpp ii. that said, japan has its own election coming up for the upper housein election coming up for the upper house injuly election coming up for the upper house in july so election coming up for the upper house injuly so an easy compromise would be politically difficult. what would be politically difficult. what would be politically difficult. what would be the compromise between the japanese and the americans for both of them to sign an agreement? well, it is very difficult to say because their positions in automotive is including the industry and consumer sentiment is miles apart. i would say that the agreement timing and scope still remains very unclear.“ both sides are far apart, could the americans be piling on the pressure? like the japanese, like the chinese, implementing higher tariffs.“ could be, and there would be more pressure but at the end of the day, the us may have to compromise. it
1:40 am
has its own reasons to hurry. the china trade war seems to be escalating with no visible solutions inside reportedly. secondly, if the currently resilient us economy sta rts currently resilient us economy starts to falter, ease trade policies by the current administration could be blamed for triggering the downturn. another business years making headlines, facebook says it has taken down more than 2 billion fake accou nts taken down more than 2 billion fake accounts in the first three months of the year. the tech giants is it catches most of them within minutes of being set up. the social media giant. it's been under pressure. shares in tasmar have written ——
1:41 am
risen after the carmaker seven internal email. the memo from the boss indicates more than 90,000 would be delivered. it struggles with production are weakening demand. in mid—morning trade, the us china trade action. thank you so much. hello, this is bbc news. judith kerr, the much—loved children's author who created the classic books ‘the tiger who came to tea' and the mog series, has died at the age of 95. david sillito looks back at her life.
1:42 am
"excuse me, do you think i could have tea with you...?" the tiger who came to tea. forjudith kerr, it was the beginning of a 50—year career, and it all began when she and her daughter were feeling in need of a bit of excitement. it got really very boring, i mean, you would go for a walk and have tea, and then that was it, really. and we wished somebody would come. and so, i thought, well, why not have a tiger come? and then came forgetful, accident—prone mog. it was, for her friend and fellow children's author lauren child, trademarkjudith kerr. her work is beautiful because there's a lovely stillness to it, it never preaches, never tells you what to think. she's an extremely kind person, very thoughtful. but she's funny, really, really funny.
1:43 am
but to understand judith kerr's own life story, you need to read when hitler stole pink rabbit. it was based on her own family. her father was a jewish theatre critic and they fled nazi germany in the 1930s. talking to the author michael rosen, that refugee experience was the source of many stories. she was a wonderful, lively, witty, clever woman. she always had a new story and there was always another surprising story, whether it was from her childhood, when the nazis first came, or it was something about how she came to write a book. she was witty and clever and funny and loving and kind. she was a wonderful, wonderful person, i'm very, very sad today. she could make children laugh but she would also tell the truth. the final mog book is the story of how the lovable family cat dies. for someone who only began writing when she was a5, she leaves behind dozens of books that have become part of childhood for millions. her life, her success, was, she said, a blessing.
1:44 am
she always felt she was one of the lucky ones. escaping hitler in the first place, i'm always conscious of the fact that millions of people would give anything to be in my shoes and just to have a tiny bit of what i've had. i've been ridiculously lucky. now on bbc news, sport today. are hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: rafael nadal will start his french open defence against a qualifier after the draw was made in paris on thursday. cesare benedetti won stage 12 of the giro d'italia, while slovenian jan polanc takes
1:45 am
the overall race lead. and hosts england name their squad of 12 for the netball world cup which gets underway injuly. hello and welcome to the programme where we start with the news that the draw for the french open was made on thursday. the second of the year's grand slams gets underway in paris on sunday. the defending men's champion rafael nadal — who's seeded to meet the world number one novak djokovic in the final — is due to play qualifiers in the first two rounds. the reigning women's champion simona halep starts out against australia's ajla tomljanovic, while the world number 0ne naomi 0saka could play a grand slam winner as early as round 2. 0ur tennis correspondent russell fuller has more. 0saka has won the last two grand slam titles and shown great improvement on clay this year and if she get past the

5 Views

info Stream Only

Uploaded by TV Archive on