Browse content similar to 22/01/2014. Check below for episodes and series from the same categories and more!
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most other developed countries. It has raised its growth forecast to | :00:00. | :00:00. | |
2.4%. Time for the latest business news from Singapore. | :00:00. | :00:16. | |
Turbulence in the air, all live on a way is gets the mixed reaction to | :00:17. | :00:25. | |
its latest commercial. And we are in Davos where global leaders at the | :00:26. | :00:28. | |
world economic forward kickstart their annual summit. -- walled | :00:29. | :00:38. | |
economic Forum. Welcome to the Asian business report. Japan's Vadis | :00:39. | :00:42. | |
airline, Nippon Airways, has pulled a television commercial after | :00:43. | :00:48. | |
receiving complaints that labelled the advert racist and offensive. | :00:49. | :00:54. | |
This was a television ad that was released on Saturday by Nippon | :00:55. | :00:58. | |
Airways, it is supposed to be humorous and it is supposed to be | :00:59. | :01:02. | |
directed at Japanese audiences only. It is about being promoted as a | :01:03. | :01:10. | |
place. It is supposedly funny and the Japanese people. The ad was all | :01:11. | :01:15. | |
in English and its famous Japanese actor and a famous Japanese comedian | :01:16. | :01:19. | |
dressed as airline pilots speaking to each other in English and it is | :01:20. | :01:25. | |
particularly the last little bit of the ad that has caused offence. I | :01:26. | :01:28. | |
will let you judge for yourself. Take a look. Do want a hug? Such a | :01:29. | :01:35. | |
Japanese reaction. I am Japanese. Won I see. Let's change the image of | :01:36. | :01:46. | |
Japanese people. Sure. This did not just go to Japanese audiences, it | :01:47. | :01:51. | |
spread around the world. There was a media response e-mailing the AMA | :01:52. | :01:55. | |
saying that it engages in racial stereotyping. They apologise on | :01:56. | :02:00. | |
Monday and by Tuesday they pulled the advert completely. You can say | :02:01. | :02:05. | |
it is engaging in racial stereotyping in particular the big | :02:06. | :02:10. | |
nose, in Japan, blonde hair and the big nose is a positive attribute. | :02:11. | :02:15. | |
That is not really the rocketry races. -- derogatory racism. I asked | :02:16. | :02:25. | |
someone from a public relations company their reaction. There is no | :02:26. | :02:33. | |
place in marketing for racial stereotyping. No matter how well the | :02:34. | :02:39. | |
intention. There is an argument that some people, domestically, in fact, | :02:40. | :02:45. | |
the Japanese local audience do not find it particularly offensive, a | :02:46. | :02:51. | |
bit of slapstick humour. There is no such thing as a domestic advert any | :02:52. | :02:55. | |
more. Social media has a explosive and disruptive effect. Any advert | :02:56. | :03:02. | |
that can be put on social media becomes wild ride -- world wide. | :03:03. | :03:10. | |
They did not realise this could go viral. That is exactly what | :03:11. | :03:18. | |
happened. It is a different era. Let's look at the Facebook comments | :03:19. | :03:23. | |
that came into the AMA Facebook page. Your latest commercial is | :03:24. | :03:38. | |
import taste. Others say it is not that offensive, it is a bit of | :03:39. | :03:42. | |
humour. What is clean now, Bob, is how the AMA have handled this and | :03:43. | :03:48. | |
where they go from here. I don't think they'd pulled the advert | :03:49. | :03:53. | |
fastener. It took three days. They did not apologise the right way. | :03:54. | :03:58. | |
They apologised for offence but did not apologise for having produced | :03:59. | :04:02. | |
and run the advert in the first place which undermines the | :04:03. | :04:08. | |
sincerity. You have been working in public relations for a number of | :04:09. | :04:13. | |
years. If this happened on your watch, what would you say? Who | :04:14. | :04:18. | |
signed a soft? I would make sure that any advert that is produced | :04:19. | :04:22. | |
anywhere in the world frame old -- multinational organisation has the | :04:23. | :04:30. | |
world in its mind. Global passengers of the AMA are stereotyping. What | :04:31. | :04:38. | |
are the people out there going to do and think in consequence of such an | :04:39. | :04:42. | |
advert. Bob Picard there. In Australia inflation picked up at a | :04:43. | :04:45. | |
faster than expected case in the final quarter of last year as the | :04:46. | :04:50. | |
cost of food, holiday and travel as well as tobacco rose. Inflation | :04:51. | :04:55. | |
ticked up by 0.8% in October to December. Taking annual inflation to | :04:56. | :05:02. | |
2.7%. The rising prices has lowered the possibility of another cut to | :05:03. | :05:07. | |
the central bank key lending rate which is at a record low of 2.5% the | :05:08. | :05:13. | |
Thai government has declared a state of emergency in the capital Bangkok | :05:14. | :05:18. | |
from 60 days for today. The move is aimed at countering protesters who | :05:19. | :05:24. | |
have been on a campaign to oust the prime Minister Yingluck Shinawatra. | :05:25. | :05:29. | |
The decree will grant extra powers. The political stand-off which has | :05:30. | :05:34. | |
been going off for two months now has resulted in millions of dollars | :05:35. | :05:38. | |
in lost business. Business and global political leaders are | :05:39. | :05:43. | |
arriving at the Swiss ski resort of Davos. Two and half thousand guests | :05:44. | :05:51. | |
will be there representing 1000 organisations. Lindy you is there | :05:52. | :05:58. | |
for us. It is an unlikely spot for the | :05:59. | :06:02. | |
biggest meeting of business leaders in the world. Here in Davos, | :06:03. | :06:08. | |
Switzerland, 2500 executives and world leaders congregate each year. | :06:09. | :06:13. | |
This year is how to reshape the world. Whether it is by bus, train | :06:14. | :06:18. | |
or helicopter, it is not just CEOs and finance ministers but academics | :06:19. | :06:23. | |
and journalists who come here to finances. When I was a special | :06:24. | :06:28. | |
adviser, I was always asked to compose concrete policy solutions. | :06:29. | :06:36. | |
First, what does he had think reshaping the world means? Reshaping | :06:37. | :06:42. | |
means the is changing. The world in ten years will look different to | :06:43. | :06:47. | |
what it looks today, look at the technological revolutions look at | :06:48. | :06:53. | |
the whole question of the cyber world. But at 3-dimensional | :06:54. | :06:59. | |
printing. I could go on and on, the tremendous progress made in biology, | :07:00. | :07:05. | |
medicine and so on. We will be in a different world and we have to | :07:06. | :07:09. | |
prepare for this world. Preparations may nearly be finished but the hard | :07:10. | :07:16. | |
work is yet to begin. There is going to be a lot of sessions talking | :07:17. | :07:20. | |
about what the reshape the world will look like. There are the issues | :07:21. | :07:25. | |
of slow growth, high unemployment, rising inequality and climate change | :07:26. | :07:28. | |
to name just a few. Maybe there will be a report but usually there is. | :07:29. | :07:33. | |
That is why Davos is frequently described as being a talking shop. | :07:34. | :07:39. | |
When the talking is by leaders, the networking process can be important. | :07:40. | :07:42. | |
I have been invited to have drinks with a royal, dinner with a | :07:43. | :07:47. | |
billionaire and a fireside chat with a tech entrepreneur. Some would say | :07:48. | :07:51. | |
it is those conversations rather than any concrete outcomes that will | :07:52. | :07:57. | |
matter to reshape the world. As with all grand plans, time will tell. | :07:58. | :08:05. | |
Record-breaking prices for art from China in recent years have created | :08:06. | :08:08. | |
huge interest in contemporary pieces from Asia. Why? We caught up with | :08:09. | :08:15. | |
Nigel Hirst, the head of the London Saatchi Gallery and asked him about | :08:16. | :08:19. | |
the current interest in Asian art. It is particularly interesting, the | :08:20. | :08:24. | |
region, probably for the breadth and the diversity for the work we have | :08:25. | :08:29. | |
seen that would only be possible in greater Asia. Not only do you have | :08:30. | :08:34. | |
an area that has countries whose economies are growing the fastest in | :08:35. | :08:40. | |
the world. Societies are changing the fastest in the world. Also, you | :08:41. | :08:45. | |
have incredible and different disparity within the region. You | :08:46. | :08:53. | |
have China, Korea, Indonesia, Japan Russia and Australia. All in same | :08:54. | :09:00. | |
region, having different cultures. We have seen record prices being | :09:01. | :09:03. | |
achieved at auction for Chinese artists. Why is a sudden interest in | :09:04. | :09:09. | |
Asian and Chinese art in particular? I think growers and interest in art | :09:10. | :09:20. | |
goes hand in hand. If you look back in history. It is not a new thing. | :09:21. | :09:22. | |
It happens in cycles and certainly there has been a shift in interest | :09:23. | :09:30. | |
particularly from America and Europe to Asia. I think that is a good | :09:31. | :09:34. | |
thing. It is not just China. We are focusing on rate Asian because there | :09:35. | :09:39. | |
is far greater breadth and interest, in particularly in the | :09:40. | :09:43. | |
equality of the work the artists are -- in the quality of the work the | :09:44. | :09:49. | |
artists are producing. Hamley more Asian artists have you been showing | :09:50. | :09:53. | |
in recent years? We spend a lot of time in Asia because of the growth | :09:54. | :09:58. | |
in interest in that area and the number of artists we have seen from | :09:59. | :10:03. | |
that region. It is very much the focus on greater Asia rather than | :10:04. | :10:08. | |
one particular country. Latterly markers before we go in the shelling | :10:09. | :10:13. | |
stock exchange has reacted to the fact that inflation figures are out | :10:14. | :10:19. | |
and consumer rights as rose by 0.8% in the fourth quarter, taking | :10:20. | :10:22. | |
inflation up to 2.7%. The Asian markets are pretty subdued this | :10:23. | :10:27. | |
morning and are reacting to the news there may be a further injection of | :10:28. | :10:34. | |
cash from the US Federal reserve. -- a withdrawal of cash, I should say. | :10:35. | :10:41. | |
The main news stories in London this hour. Syrup of my government has | :10:42. | :10:47. | |
rejected without credibility allegations it has systematically | :10:48. | :10:50. | |
tortured | :10:51. | :10:53. |