Browse content similar to 01/09/2014. Check below for episodes and series from the same categories and more!
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Brett and Naghemeh King took him from a Southampton hospital on | :00:00. | :00:00. | |
Thursday, against the advice of doctors. | :00:00. | :00:00. | |
Now on BBC News all the latest business news live from Singapore. | :00:00. | :00:19. | |
Boosting relations, India's prime minister is in Japan to improve | :00:20. | :00:28. | |
economic and defence ties. And, getting hitched in China. Couples | :00:29. | :00:31. | |
turning to novelty wedding photos have been roused `` giving rise to a | :00:32. | :00:41. | |
new multi`million dollar industry. Welcome to Asia Business Report. | :00:42. | :00:49. | |
India's prime minister is in Japan on his first big bilateral trip, | :00:50. | :00:53. | |
since taking office in May. Trade between the two countries was $15 | :00:54. | :00:57. | |
billion last year, which pales compares to India's trade with | :00:58. | :01:03. | |
China, coming in at $65 billion. Over the weekend, the Indian prime | :01:04. | :01:08. | |
minister and the Japanese Prime Minister visited a temple ahead of a | :01:09. | :01:12. | |
summit to discuss ways to expand bilateral cooperation | :01:13. | :01:15. | |
relationships, during the five`day visit, they are expected to sign a | :01:16. | :01:21. | |
deal allowing for the joint production of rare earth minerals | :01:22. | :01:28. | |
and metals. And key elements in the defence technology sector. They will | :01:29. | :01:32. | |
import materials from China. I spoke to the chief economist for | :01:33. | :01:37. | |
Asia`Pacific. I asked how significant it was that the Indian | :01:38. | :01:43. | |
Prime Minister was seeking to boost ties with Japan. I see Japan as a | :01:44. | :01:48. | |
great opportunity to expand the relationship which has been | :01:49. | :01:51. | |
relatively underplayed, particularly, because costs of our | :01:52. | :01:56. | |
manufacturing is rising in China. It is a good opportunity now to attract | :01:57. | :02:02. | |
Japanese investors into the Indian manufacturing sector. And establish | :02:03. | :02:06. | |
cooperation in other areas, including defence and energy, where | :02:07. | :02:13. | |
India will look to Japan, in order to provide advanced technology. You | :02:14. | :02:17. | |
talk about defence and energy, rare earth is on the agenda, nuclear | :02:18. | :02:23. | |
energy is expected to be on the agenda as well, how crucial are | :02:24. | :02:26. | |
these agendas for India and Japan? For India, in particular, they are | :02:27. | :02:30. | |
nuclear energy is on the agenda for nuclear energy is on the agenda for | :02:31. | :02:36. | |
India. We will be looking for nuclear technology from Japan, as | :02:37. | :02:41. | |
well as other sorts of conventional energy technology as well. In terms | :02:42. | :02:45. | |
of rare earths, Japan is very dependent on China for a rare as | :02:46. | :02:54. | |
import. The opportunity has come for India to supply rare earths to | :02:55. | :02:58. | |
Japan. That will help to diversify Japanese dependency away from China | :02:59. | :03:02. | |
`` rare earths. It will be used in the auto industry in Japan. You say | :03:03. | :03:07. | |
this is about diversifying away from China, how much is this meeting and | :03:08. | :03:13. | |
trip about deflecting the challenge brought about by an increasingly | :03:14. | :03:18. | |
militarised China? From the Japanese point of view, they are trying to | :03:19. | :03:22. | |
build alliances around Asian Pacific regions. Of course, though | :03:23. | :03:26. | |
traditionally `` traditional allies were the US. From the Indian | :03:27. | :03:31. | |
perspective, they will want to play a balanced relationship between | :03:32. | :03:35. | |
Japan and China, because China is a very important economic | :03:36. | :03:38. | |
relationships India. They do not want to get into an arms race with | :03:39. | :03:45. | |
China either. In other news comes a later gauge of manufacturing | :03:46. | :03:49. | |
activity in China, purchasing managers index, has slowed to 51.1 | :03:50. | :03:56. | |
in August, compared to a reading of 51.7 in July. Any reading above 50 | :03:57. | :04:00. | |
indicates expansion. Before this morning 's figures, the PMI had | :04:01. | :04:06. | |
risen for seven straight months. A Japanese company has increased | :04:07. | :04:13. | |
spending by 3% compared to the same period last year. That is due to | :04:14. | :04:19. | |
underlying `` underlying business investment. They were set to | :04:20. | :04:22. | |
increase in the first quarter of the year. The Indian economy has chalked | :04:23. | :04:27. | |
up a faster pace of growth in 2.5 years, the second`quarter GDP | :04:28. | :04:32. | |
expanded by 5.7%. It was helped by strong growth in financial | :04:33. | :04:35. | |
services. The expansion follows fresh policies launched by India's | :04:36. | :04:38. | |
new government, designed to encourage business investment. Deep | :04:39. | :04:44. | |
cuts are under way in an attempt to revive the beleaguered flagcarrier | :04:45. | :04:51. | |
Malaysia Airlines, the state investor owns 65% of the airline and | :04:52. | :04:56. | |
has announced a $2.5 billion restructure. 6000 jobs, one third of | :04:57. | :05:01. | |
the airline 's workforce, will go. There will be a new boss for the | :05:02. | :05:05. | |
airline. The aim is to be back to profitability by the end of 2017. | :05:06. | :05:10. | |
The airline 's financial troubles ballooned after the twin disasters | :05:11. | :05:19. | |
of MH370 and MH17. Earlier, I spoke to our guest, asking for his | :05:20. | :05:23. | |
reaction to the restructuring plans. It is a bold move, a good move. I | :05:24. | :05:29. | |
believe they had no choice in doing so. The 12 point plan is a good one. | :05:30. | :05:34. | |
Looking at it from this perspective, it makes sense. It will | :05:35. | :05:39. | |
come down to the implementation of that plan. Can they do it on the | :05:40. | :05:44. | |
ground? Ayew white you say it is good, `` you say it is a good | :05:45. | :05:52. | |
implementation. They have got rid of 6000 jobs, is it a sign they are | :05:53. | :05:57. | |
willing to implement? For sure, they have no choice whatsoever to do so. | :05:58. | :06:03. | |
They are making the right moves, they are very bold. They have got | :06:04. | :06:07. | |
off to a good starting point. This huge loss in the number of jobs, how | :06:08. | :06:13. | |
are they going to keep on running? Will they have to cut routes? They | :06:14. | :06:19. | |
will, they will have to get rid of aircraft, and refocus where they fly | :06:20. | :06:24. | |
to. They will get more regional flights. This will be a tremendous | :06:25. | :06:28. | |
reshuffling and reorganisation that will have to be done. If the airline | :06:29. | :06:33. | |
were to recover, the aim is by 2017, they want to be back in profit. They | :06:34. | :06:37. | |
have to contend with competition from low`cost carriers, gulf | :06:38. | :06:46. | |
carriers and long haul routes. How do you envision Malaysia Airlines in | :06:47. | :06:50. | |
2017? There is a lot of competition in these markets, many other | :06:51. | :06:55. | |
companies faced by the same thing. You have the same competition in the | :06:56. | :06:59. | |
markets. `` many other companies are faced with the same thing. You have | :07:00. | :07:09. | |
to manage costs and be focused. Malaysia Airlines showing a more | :07:10. | :07:12. | |
lean, more mean organisation, they have a better chance of survival | :07:13. | :07:15. | |
than they have had in the past I think. Pro`democracy groups took to | :07:16. | :07:21. | |
the streets in Hong Kong last night after a ruling from Beijing that | :07:22. | :07:24. | |
effectively gives China control over the choice of candidates in the | :07:25. | :07:29. | |
territories next leadership election due in 2017. It will be the first | :07:30. | :07:34. | |
time the Hong Kong chief executive is directly chosen by voters. | :07:35. | :07:39. | |
China's legislator has ruled that all candidates must be approved by | :07:40. | :07:43. | |
more than half of a special nominating body. Hong Kong has a | :07:44. | :07:49. | |
population of 7.2 million people. It was returned to Chinese Communist | :07:50. | :07:54. | |
rule in 1997 as a special administrative region of China. If | :07:55. | :07:56. | |
you are planning on walking down the aisle in the near future, how far | :07:57. | :08:02. | |
would you go for your wedding? `` for your wedding photos? In China, | :08:03. | :08:07. | |
couples are no longer after that traditional short of their kiss at | :08:08. | :08:11. | |
the altar, the new demands have created big opportunities for | :08:12. | :08:26. | |
China's entrepreneurs . It is a photo shoot guaranteed to | :08:27. | :08:33. | |
take the breath away. China's buoyant and booming economy has seen | :08:34. | :08:37. | |
a splurge in wedding spending in recent years, and whether it has | :08:38. | :08:41. | |
come a rapid changing tastes and customs. `` and with it. It is | :08:42. | :08:50. | |
special for us, a lot of couples choose original styles. We want a | :08:51. | :08:58. | |
special style farce. `` special style for us. Underwater is special | :08:59. | :09:02. | |
for us. If you cannot afford time off work for those special images, | :09:03. | :09:06. | |
why not have them taken on the job? These photos of a paramilitary | :09:07. | :09:10. | |
police officer and his wife recently went viral on the Chinese Internet. | :09:11. | :09:18. | |
Unlike in the West, couples have their main set of photos taken in | :09:19. | :09:23. | |
advance of the wedding. With more than half a million registered | :09:24. | :09:27. | |
wedding photographers countrywide, competition is fierce. In Shanghai | :09:28. | :09:33. | |
alone, there are dozens of studios with the special underwater tanks | :09:34. | :09:41. | |
needed for these shots. China may not have invented the genre is, but | :09:42. | :09:45. | |
it has caught on fast, as old traditions are swamped by a flood of | :09:46. | :09:49. | |
new money. This photo shoot is costing this couple a little more | :09:50. | :09:56. | |
than 300 US dollars. With some 10 million Chinese couples tying the | :09:57. | :09:59. | |
knot each year, the spending adds up, and industry today is worth an | :10:00. | :10:05. | |
estimated 80 billion US dollars. That is more than the total output | :10:06. | :10:09. | |
of some European economies, and includes all wedding spending. | :10:10. | :10:13. | |
Ceremonies, receptions and honeymoons. For photographers | :10:14. | :10:16. | |
wanting to hang onto their share of it, bolting the next new trend may | :10:17. | :10:21. | |
determine whether they sink or swim `` sporting. | :10:22. | :10:28. | |
Let's have a quick look at the markets. | :10:29. | :10:41. | |
These figures boost estimations. That is it for today's edition of | :10:42. | :10:46. | |
Asia Business Report. This is BBC News. The top stories | :10:47. | :10:50. | |
this hour: Pro`democracy groups in Hong Kong have reacted angrily to a | :10:51. | :10:53. | |
ruling from Beijing that effectively gives China control over the choice | :10:54. | :10:56. | |
of candidates for the territory's next leadership election. | :10:57. | :11:02. | |
Russian president | :11:03. | :11:03. |