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tv   Asia Business Report  BBC News  July 15, 2019 1:30am-1:45am BST

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beating new zealand. in a dramatic finish at lord's cricket ground in london, the game went to overtime, known as the super over, after the teams tied. a new leaked memo from the british ambassador claims donald trump ditched the iran nuclear deal to spite barack obama. it comes as the uk, france and germany made a direct appeal to mr trump and iran to end the escalating tensions. and novak djokovic has beaten roger federer to retain his wimbledon title. the world number one saved two championship points in a thrilling 5—hour match, the longest wimbledon singles final. that's all. stay with bbc world news. and the top story in the uk:
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new research suggests nearly eve ryo ne new research suggests nearly everyone can lower their risk of dementia by living a healthy lifestyle. now on bbc news, live to singapore for asia business report. trade war impact. what worldtour day's chinese growth numbers tell us about the effect on the second biggest economy? prime days strike. why some amazon workers are walking out during the on round retail giant's shopping bonanza —— online. good morning and welcome to this monday addition of asia business report, live from singapore with me, mariko oi. starting with china, because it releases growth figures for the three months tojune this morning. first—quarter gdp came in
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at 6.4%, much stronger than expected, but the big question now is to what extent is the trade war with the us having an impact on the second—biggest economy in the world? earlier i asked catherine from fidelity whether those tensions played any part in budweiser pulling its hong kong ipo on friday. actually the deal didn't quite make it over the line due to valuations, so it over the line due to valuations, so pricing for investors were regarded as a bit too high which is interesting given where we are in the market because what we're seeing investors gravitate towards what we call the teddy bear names, the names you like 22, low volatility names, with earnings visibility. while we still have uncertainty regarding the economy and trade, you get the sense investors want to invest in equities. interesting what you said about the chinese stock market, but meanwhile, we are going to get the second quarter gdp later today. the
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first quarter was quite strong, but are we starting to the impact of the trade war? consensus is for second—quarter gdp growth to come out at around 6.2%, and that's definitely a trend downwards and while trade has a sense of what corporate star going to do in terms of lack of visibility weighing on investor sentiment generally speaking, we have to remember we have in seeing rosa decelerate in china for more than a decade. think of five to 6% over the 2025, which is still quite strong given global rates —— growth decelerate. is still quite strong given global rates -- growth decelerate. they've announced stimulus measures but they can't do too much, because that's what caused the high level of debt from 2008. from the second half of last year onwards we've seen tweaking regarding fiscal and monetary policy, and a lot of the market commentators are expecting another cut in interest rates. but
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generally where focusing on the fiscal measures the chinese government adopt. for example, the impairment asian of further tax cuts to really encourage corporate as well as the chinese spend to pick up or gain their confidence and spend again. amazon is set to fire the starting gun laterfor amazon is set to fire the starting gun later for prime amazon is set to fire the starting gun laterfor prime day, its 48—hour shopping bonanza, but warehouse workers in minnesota have targeted this particular event to strike over working conditions. last year the online retail giant committed to paying employees at least $15 an hour but concerns persist over the way workers are treated. the bbc‘s michelle fleury has more from minnesota. this is amazon's massive warehouse in minnesota. a handful of workers here are planning to mark amazon's prime shopping day, and annual sales event with a strike. earlier i spoke to one of the workers to ask what
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they are protesting. we're on strike on prime day mainly demanding safe and reliable jobs from amazon. the speeds we have to work are physically and mentally exhausting. some cases lead to injuries and people not seeing the job they can do long—term, plus with amazon's reliance on temporary workers, not having the same job security, basically we want them to treat us with respect as human beings and not as machines. for most consumers, you click a button, your package arrives a couple of days later. good prices, a convenience. what is the other side here? i'm an order picker, all the merchandise is on these storage pods that robots bring to my station and i have to pick an item about every eight seconds or 332 per hour for a ten hour day, a0 hours a week for
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these years. and its very fast paced work. i've seen many people in my department have to deal with shoulder injuries, back injuries, knee injuries after in some cases less tha n knee injuries after in some cases less than a year on the job. we reached out to amazon and asked them for a comment and they told us they already offer what the protesters are asking for. in a statement, they also said: while amazon may feel that their workers here are getting the conditions they want, those behind the protests disagree. michelle fleury, bbc news, in shakopee, minnesota.
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a group of creditors forjet airways is scheduled to meet tomorrow for the first time in india and it's the day the aviation authorities are set to decide whether to reinstate the grounding airline's operating licences, crucial to the future of the debtladen carrier, which halted operations in april. as their e—commerce reports from them by, many company workers are hoping to a revival of the carrier. angelo d' souza is one of the few jet airways employees who still gets ready and goes to work. it's been nearly six months since she received a salary from the grounded airline, but after 25 years with the company, angela is reluctant to look for a newjob despite the toll it's taking on herfamily. we do have a little savings which, for now, i can manage with, but eventually that will dry out and that's when i have to get a job.
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although i wait and i hope and i pray that it comes back. jet grounded its planes in april amid growing financial problems. revenue had declined and the company had racked up $1.2 billion in debt. last month, jet entered bankruptcy proceedings but the company has few assets that can be sold to pay loans all the salaries it owes employees. 0ffers all the salaries it owes employees. offers to buy the company could bring in much—needed cash. you can afford to make decisions right for everybody... sanjiv says hisjoint proposal with right for everybody... sanjiv says his joint proposal with workers from the troubled carrier has the best chance of getting the airline back in the air. —— sanjay. every couple of years you have strikes or unions asking for more pay and so on and so forth. in my view, the only way you can turn that around if you say to them that you are at the same table as us. india has one of the fastest—growing markets for air travel in the world,
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but increasing competition here has made it harderfor but increasing competition here has made it harder for airlines to but increasing competition here has made it harderfor airlines to make money and that means any potential buyerforjet is going money and that means any potential buyer forjet is going to need the banks to cut the company's loans if they have any hope of getting the airline back off the ground. if the banks don't make a deal, then they would really suffer badly. they will get single cents to the dollar. but if they have any deal then they will get substantially more. workers like angela are hoping the banks agree. they will get a sweeter deal by getting jet back in the sky. zoe thomas, bbc news, mumbai. as we told you on newsday, england have beaten new zealand to win the men's cricket world cup for the first time ever after an amazing match. and later this year, the rugby world cup kicks off injapan. earlier i asked a sports marketing expert whether the cost of hosting such huge events in asia was outweighed by the benefits. i really think when you look at
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hosting a major then overall, it's not just about the tangible benefits, it's the intangible benefits, it's the intangible benefits the country stands to gain. looking at tokyo hosting the 0lympics looking at tokyo hosting the olympics in less than a year, you look at the amount of training that's going to go behind training the workforce. language is going to bea the workforce. language is going to be a huge one, the hospitality sector gets a huge lift in terms of that so when the countries are starting to look at hosting major events, especially in asia, where we've got markets crying out for global attention, it is prime, especially with sporting events, it really creates a great platform for countries like this to showcase themselves. singapore is a prime example hosting the formula 1. friends are texting me from brazil saying it's beautiful and they want to come to visit so you can see the impact of the visuals on tv when the broadcast go around the world. looking at the markets before we go, some asian markets have started
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trading but this japanese close is from friday because it is closed for a public holiday. the all 0rdinaries down by 0.5%. wall street on friday rose a little bit, up 1% for the dow jones, but we're to monitor the wall streetjournal article jones, but we're to monitor the wall street journal article about huawei possibly cutting hundreds ofjobs in the us. the chinese telecom giant has been blacklisted by washington despite objections from the telecom giant. that's it for this edition of asia business report. thanks for watching. this is bbc news. the top stories this hour: britain, france and germany have appealed for an end to escalating tensions over iran's nuclear programme. president trump has been accused of racism after telling a group of ethnic minority congresswomen that they should go back to where they came from.
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a study that followed nearly 200,000 people over eight years has found that diet and exercise can help almost everyone lower their risk of dementia. researchers found that even those with a higher risk of developing the disease could lower it by up to a third through adopting a healthier lifestyle. here's our health and science correspondent, james gallagher. sue taylor is committed to keeping fit. she comes here for a work—out three times a week as well as watching what she eats. her mother and grandmother both had dementia and she doesn't want the same to happen to her. i just want to keep mentally, keep my brain as sharp as possible for as long as possible. and i feel if i don't get out, be active, then i'm not probably doing myself any favours. so what does it take to avoid dementia? you can live the life of the saint and still get dementia. but this study shows you can alter your risk. now the healthiest people in this
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study, they were exercising vigorously for more than 75 minutes a week, they didn't smoke, they drank alcohol only in moderation and they had a healthy, balanced diet. so how big a difference did it make? the study followed people for eight years. less than 1% of them developed dementia, as they were so young, having a healthy lifestyle cut the risk by a third. i think it's really important that what we've shown is even if you have a high genetic risk of dementia, if you engage in a healthy lifestyle you could substantially reduce your own risk of dementia. i think that potential is absolutely critical. there are still no treatments for dementia. but the researchers say knowing lifestyle changes could prevent some cases is exciting and empowering. james gallagher, bbc news. american airlines has extended flight cancellations for a fourth time due to the continuing grounding of boeing 737 max passengerjets. the company said about one hundred and fifteen daily flights will remain cancelled until early november. aviation authorities around the world grounded 737 max aircraft
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in march after two crashes in indonesia and ethiopia had killed almost 350 people. five people have been arrested after a car was driven into a group of people in south—west london yesterday evening. police were called to reports of a fight following the incident in battersea. one man suffered a broken leg, and another suffered a head injury. as always, lots more on our website. regid is here at 2pm. now on bbc news, time for sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme: enthralling, nail—biting and barely believable — england are world champions after beating new zealand in the most dramatic cricket world cup final ever witnessed. a marathon match at wimbledon, novak djokovic
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and roger federer play out an epic as djokovic retains the title. six of the best for lewis hamilton, as the mercedes driver wins a record sixth british grand prix. hello and thanks forjoining us on what has surely been one the most dramatic days of sport ever witnessed on british shores. we had a wimbledon epic at the all england club, a record—breaking day at silverstone in the british grand prix but above all, a cricket all—time classic at lord's in london. england are world champions after beating new zealand in the most gripping, nerve—shredding final the sport has ever seen. here to somehow recap an astounding match that included the ultimate finish in the form of a superover, that's an extra over for each side to determine the winner, isjohn watson. after aa years and 12 editions england finally lifted the trophy. was an unbelievable end to this tournament. the two teams


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