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tv   Asia Business Report  BBC News  June 19, 2019 1:30am-1:46am BST

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president trump officially launches his 2020 re—election campaign at a rally in the city of orlando in florida. mr trump has changed his slogan to a promise to "keep america great". he's betting on a strong us economy and his tough stance on immigration to outweigh voter concerns about his unorthodox style and polarizing policies. here in the uk, the remaining five candidates vying to become britain's next prime minister clash over brexit in a noisy tv debate. and this story is trending on bbc.com: scientists say this picture of a dog—sled team in greenland wading through a lake of melted ice, shows the impact of climate change. that's all. stay with bbc world news.
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and there's more on the race to become britain's next prime minister on our website including a look by our reality check team at claims made in the tv debate. now on bbc news, live to singapore for asia business report. said in focus. the us essential back —— bank set to make a highly anticipated interest rate announcement. and plastic planet. we took to the streets to find out what people think about a rising tide of trash. hello and welcome. i'm sharanjit leyl. trash. hello and welcome. i'm shara njit leyl. local trade tensions, geopolitical uncertainty, well, its all playing on the minds of the world's central bankers will stop the most important, the us federal reserve, they will be
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talking about their plans to cut the cost of borrowing. the bank of japan and the bank of england are set to update us on policies this week and in australia, russia, india, chile, guess what, central banks have all recently lowered rates while australia has hinted of more rates to come. it triggered us president donald trump to say the move would wea ken donald trump to say the move would weaken the euro against the dollar, u nfa i rly weaken the euro against the dollar, unfairly helping european firms. the bbc looks at the issues the us central bank will be taking into consideration. at the beginning of 2019, the people who set interest rates at the us federal reserve were talking about raising rates by as many as three times this year. back then, the us economy was growing fast and the concern was how many
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rate hikes they would have to incorporate. well, us interest rates have been stuck at 2.5% since then and now everybody is talking about when they need to be cut. what changed? when they need to be cut. what changed 7 growth when they need to be cut. what changed? growth is one thing. the economy still seems in robust shape but plenty of data in the past few months have shown more difficult times ahead. and of course, there is the president. mr trump's enthusiasm for trade spirits with everyone from china to mexico might not have hurt growth much yet but the fed is watching the trade disputes very carefully indeed for the damage they could do to the us and global economy. and for his part, mr trump says the fed was wrong to raise rates last year does make last year and would be cutting them now. that is the kind of pressure the fed would like to not deal with while combating the effects of mr trump's policies. samaria hussein reporting
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there. as populations age. injapan, there. as populations age. injapan, the tensions scheme is at the centre of the scandal. 0ur the tensions scheme is at the centre of the scandal. our business reporter mariko 0i is here. of the scandal. our business reporter mariko oi is here. japan's system has been a worry for decades but fresh concerns erupted at a rather awkward time for prime minister shinzo abe ahead of national elections. here is what happened. earlier this month, a report to the financial services agency pointed out serious shortfalls in the pensions system, saying that a couple in their 60s on the assumption that they will live till say 95, would need to save up to 20 million yen. that is more than 180,000 us dollars. the majority of retirees there, rely on pensions and people are wondering how they are supposed to save that much money.
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then the finance minister who oversees the agency, here he is talking to the prime minister, refused to accept the report, even though his own government commissioned it. and then other ruling party politicians started to make things worse, if possible, by saying things like, "the report no longer exists". what? then this guy, the guy on the right, the secretary general of the ruling party said, the agency should have been more considerate of lawmakers who have to face the upcoming elections. yes, really! all of these, as you can imagine, has pushed down the government's popularity rating to the 40s. his cabinetjust decided that they would no longer answer any questions about this controversial report that the problem, of course, won't go away because they will make up won't go away because they will make up almost 40% of japan's population by2065 up almost 40% of japan's population by 2065 — make the elderly will make
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up. the by 2065 — make the elderly will make ung by 2065 — make the elderly will make le by 2065 — make the elderly will make up. the young people are sceptical about whether they will even get the money back even if they contribute now. “— money back even if they contribute now. —— the elderly. how not to handle a scandal. thanks for that, mariko 0i. in other news, of course, we know we are looking at the growing global problem of plastic pollution. pretty much always on the programme. what do people really know about the issue? we put it to people around the world. probably hundreds of billions of tons. billions of tons. too much? a lot.
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recycled. if you keep it end to end, every year, that's happening. that is too much. i think it takes 500 years to break down. i think it takes 1000 years. i think! million years. down. i think it takes 1000 years. i think1 million years. we are in crisis mode. it is not a joke. it is a really big problem. talking about plastic these days, not surprising, unfortunately. it is hard to lead a zero plastic life because the plastic bottle, they carry bags.|j
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generallyjust plastic bottle, they carry bags.|j generally just buy plastic bottle, they carry bags.|j generallyjust buy enough food for the week and try and limit what i throw away. i try my best to stop it, i hardly use plastic myself. throw away. i try my best to stop it, i hardly use plastic myselflj hardly it, i hardly use plastic myself.” hardly say i'm not using plastic but where i can avoid it, i hardly say i'm not using plastic but where i can avoid it, lam hardly say i'm not using plastic but where i can avoid it, i am avoiding it. i think its a problem that needs to be tackled on a government and industry basis. i think it is a personal thing, you can make differences but it can'tjust be changed that way. we know its a massive issue and one singaporean entrepreneur is trying to do something to plastic pollution. the first zero ways grocery and lifestyle store has been released — make zero waste. we felt it is a very practical. you can bring your own containers and lots of us have plenty at home and then you can purchase the food amount as well. of
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—— because here in asia, people are accustomed to having things done very easily. they are not going to bring their own things, et cetera. how difficult is it to changed consumer confidence behind this? initially, they will be a bit of an adjustment period because it is actually a process of mindful shopping. you need to first with planning your shopping list and your containers and usually the whole process takes about one hour. it actually starts with mindful consumption. has it caught on? are you getting a lot of customers? yes, we have growing awareness will stop i guess, we have growing awareness will stop iguess, in we have growing awareness will stop i guess, in singapore, there is increasing awareness of the issue of plastic pollution. a lot of shoppers are coming by to check out the store, see how they can, in small ways, try to reduce consumption of
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plastic. and as you say, you are a singaporean company and this is a country that is incredibly efficient, it could, if it wanted to, and single use plastic as many other countries have done. why do you think they aren't doing this and what are you doing as a business to try to lobby the government to change it? we encourage our customers to refuse, when they can. we say that they can bring their own reasonable bags and if they run out of plastic bags, they can ask the community, like their friends, family members, or an extra plastic bag. if they do run out of any which isa bag. if they do run out of any which is a good thing, they can actually use their existing plastic bag again and to true —— shop responsibly because we are a tropical country. is at businesses, government, consumers, basically changing the way they think? what is it going to ta ke to way they think? what is it going to take to reduce plastic pollution? the most effective way i feel will be the government giving a ban, but
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then we still need a community awareness for the band to succeed and the reduction of consumption. lets ta ke and the reduction of consumption. lets take a look at those markets because they have opened fairly well. as you can say, ——as you can see, the net hayes is making a strong surge, up 1.5%. reversing the losses of mate yesterday, and this is all due to the fact we saw wall street having a good day as well. that was on the back of the central bank impetus. —— may. there may be a rate cut in the us and also that president trump has been speaking to xijinping. that's it president trump has been speaking to xi jinping. that's it for the programme. this is bbc news the top stories this hour: president trump launches his 2020 re—election campaign at a massive rally in orlando in florida.
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here in the uk — the remaining five candidates to lead the governing conservative party and the country have clashed over brexit in a tv debate. two teenage neo—nazis have been sent to prison for terrorism offences after encouraging people on social media to shoot prince harry for marrying meghan markle. michal szewczuk who's 19 was jailed for 4 years and 3 months. 18—year—old 0skar dunn—koczorowski got 18 months. daniel sandford reports from the old bailey. 0skar dunn—koczorowski, standing in the middle of a neo—nazi demo in 2016, when just 15—years—old. after this group, national action, was banned as a terrorist organisation, he went underground. last year, he became a founder member of the even more extreme sonnenkrieg division. when the british—based group was exposed by a bbc news investigation in december, he was arrested the next day. sonnenkrieg division produce some of the most violent nazi propaganda
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to emerge in britain. 0ne post, which we're not showing, suggested prince harry should be shot as what they called a "race traitor". they were encouraging others, online, to commit terrorist attacks and, of course, it only takes one individual to be encouraged or be inspired by that propaganda to take that further step. today, michal szewczuk, a computer science student from leeds, responsible for many of the posts, was sentenced to four years three months in prison. he'd encouraged followers to rape and kill women, writing... but at an earlier hearing, he didn't want to discuss his views on camera. why were you running an account saying all women should be raped and all babies should be raped? no comment. do you think prince harry should be killed ? no comment. 0n the sonnenkrieg group's social media page, 0skar dunn—koczorowski had written...
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0skar, why did you think that prince harry was a "race traitor"? so, you're happy to post about nazis on the internet but you're not prepared to admit it on camera? sonnenkrieg division was allied to this ultra—extreme nazi group from the united states... atomwaffen division, that encourages loan actor attacks and has been linked to five murders. daniel sandford, bbc news. now on bbc news, sport today. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: sam kerr scores all four for australia against jamaica as they qualify for the last 16 of the women's world cup.
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former uefa president michel platini questioned by investigators over the awarding of the 2022 world cup to qatar. and records tumble as england captain eoin morgan leads his side to victory over afghanistan at the cricket world cup. hello and welcome to the programme, where we start with the footballing news that sam kerr scored all four goals as australia progressed to the last 16 of the women's world cup in france. the matilda's finished second in group c after beating jamaica 4—1 while marta created her own slice of history as she scored in brazil's 1—0 win over italy. watching was paul frostick. australia and jamaica lined up
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