28/10/2016

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:00:00. > :00:00.They have been concerns that Nissan might abandon the UK, following the

:00:00. > :00:08.Brexit vote. That's get a more business news live from Rico Hizon

:00:09. > :00:19.in Singapore. Twitter slashes hundreds of jobs as

:00:20. > :00:27.it struggles with big loss was and very little growth. Shares in Google

:00:28. > :00:39.rising following a jump. Good morning. Welcome to Asia

:00:40. > :00:44.Business Report, live from Singapore with Mariko Oi. Some major cutbacks

:00:45. > :00:49.at Twitter. The company is closing its video sharing service Vice four

:00:50. > :00:52.years after it was launched. It is also slashing 9% of its workforce

:00:53. > :00:58.after its losses ballooned to $100 million, due to slowing growth. The

:00:59. > :01:03.results come on the heels of recent reports that at least three major

:01:04. > :01:07.suitors sales forced Google, Disney have walked away. The best partner

:01:08. > :01:20.for Twitter may actually be in Asia. The best partner I am thinking of

:01:21. > :01:25.right now has international ambitions but they could help,

:01:26. > :01:39.partnering with Twitter. And vice-versa, Twitter would help in

:01:40. > :01:45.terms of its revenue. All the major players seem to be walking away from

:01:46. > :01:51.Twitter so what is the best case scenario if no one wants to buy it?

:01:52. > :01:55.They can try to do private that it would mean that someone has deep

:01:56. > :02:00.pockets and asked to be able to do that otherwise they would need to

:02:01. > :02:06.find new ways to continue its growth and also find new revenue streams,

:02:07. > :02:11.perhaps from its data. What is the turnoff about Twitter? It is not

:02:12. > :02:15.making money but it is still very popular? Thanks to the presidential

:02:16. > :02:19.elections, it is. It has a new lease of life for a while at the picture

:02:20. > :02:24.doesn't look too rosy overall. If you look at the growth of users, it

:02:25. > :02:31.has plateaued. It slowed down from 8%, about 3% growth to about 1% in

:02:32. > :02:38.recent results. Even for revenue growth, it has slowed down from 20%

:02:39. > :02:40.to all the way down to 8%. They have beaten most estimates, it still

:02:41. > :02:49.slowing down, there are signs that. When it comes to search, Google's

:02:50. > :02:53.parent company alphabet which also owns YouTube beat market

:02:54. > :02:58.expectations with a 20% rise in growth. It is due to the increase in

:02:59. > :03:01.advertising. Some people are concerned that the world 's

:03:02. > :03:10.second-biggest company is earning cash on the -- futuristic projects.

:03:11. > :03:17.Investigators are pleased with the success that Google is having. With

:03:18. > :03:21.its mobile advertising so people clicking on ads on their phones or

:03:22. > :03:26.their tablets rather than on their computers like they used to be on

:03:27. > :03:30.the old days, four years ago, also. What is an important metric for

:03:31. > :03:34.Google is the paid for clicks, there are more of those. That is when

:03:35. > :03:37.someone clicks on the ad and a company pays for each of those

:03:38. > :03:42.stopped -- the advertising company pays. The amount per click has gone

:03:43. > :03:49.down but companies haven't been too worried because they are saying that

:03:50. > :03:54.the more clicks is most important. Very promising for Google and their

:03:55. > :03:59.investigators -- investors are happy. Alphabet has other bets, as

:04:00. > :04:06.the company calls themselves. How are they doing? Alphabet was created

:04:07. > :04:09.as Google's parent company as a way of separating Google, the core

:04:10. > :04:13.business, the things we all know such as e-mail and you Tube and

:04:14. > :04:19.search, from these other bets and that is more out land issue are in

:04:20. > :04:23.some AI, putting balloons into space to give the Internet to people,

:04:24. > :04:29.putting Internet Underground in some places the customers. Smart firm

:04:30. > :04:33.starts. Although things are taking out of the main Google products.

:04:34. > :04:37.Traditionally, they have cost a lot of money and haven't made a lot of

:04:38. > :04:41.money but these latest figures show the revenue from those other bets

:04:42. > :04:45.has gone up right marginally and the latest in the last three months with

:04:46. > :04:51.revenues of $197 million which is peanuts compared to what the main

:04:52. > :04:54.part of Google makes. That is pretty good, though. It is going in the

:04:55. > :04:58.right direction is virus investments are concerned was the Beau Maister

:04:59. > :05:06.be worried that it is costing money but that is the amount -- they may

:05:07. > :05:11.still be worried. But that amount is still going down. They will want

:05:12. > :05:14.Alphabet to keep a rein on some of the crazy ideas but they also

:05:15. > :05:16.realise that Alphabet's future relies on them so it is a crucial

:05:17. > :05:23.balance they are trained to strike. It is been a busy reporting

:05:24. > :05:28.calendar. Amazon Prime 's Mac latest quarterly profit came in lower than

:05:29. > :05:31.expected and shares fell maybe 7%. The world 's biggest online retailer

:05:32. > :05:36.has been dealing with higher shipping costs and heavy investment

:05:37. > :05:41.into its operations. Sales amounted to $32 billion for the three months

:05:42. > :05:51.to September. Shares in is ETO express, one of China's top five

:05:52. > :06:03.companies have posted an $1.4 billion of the chef sale. -- share

:06:04. > :06:08.sale. Chinese search engine Baidu has posted a loss. It is mainly due

:06:09. > :06:11.to government cracked down on healthcare advertising earlier this

:06:12. > :06:13.year which has taken a toll on the company.

:06:14. > :06:19.It has been one year since China decided to scrap its one child

:06:20. > :06:23.policy but what impact is that having on the economy? China still

:06:24. > :06:30.faces a rapidly ageing population and the slowing growth is impacting

:06:31. > :06:31.jobs in many sectors. It could be decades before there is any real

:06:32. > :06:39.impact. What we would expect to see is as

:06:40. > :06:45.fertility rates increase slightly, we don't expect there to be a sharp

:06:46. > :06:49.reversal. The shift in demographics that has a negative impact would be

:06:50. > :06:55.somewhat less than it would have been without the policy change. That

:06:56. > :07:01.China of course is still the most populous country in the world. Can

:07:02. > :07:04.it actually handle more babies? China's income levels hardly

:07:05. > :07:07.increased and what China is now facing is a decline in the

:07:08. > :07:11.population within the next decade or so. The population would start to

:07:12. > :07:22.fall. The population will also age quite rapidly before income levels

:07:23. > :07:25.are the same as EU or US levels. Providing healthcare, pensions. That

:07:26. > :07:29.will fall on a smaller population burden.

:07:30. > :07:38.Now to the US presidential elections and trade has been one of the big

:07:39. > :07:43.issues. New US estate exports more to Asia than California. Of the

:07:44. > :07:47.state exporters, the $70 billion across the Pacific last year. As a

:07:48. > :07:53.result, many exporters support the huge free trade deal called the

:07:54. > :07:57.transpacific partnership, known as the TPP. Given both presidential

:07:58. > :07:59.candidates are looking to kill the deal, what happens next? Timothy

:08:00. > :08:05.McDonald reports. These grapevines have kept the

:08:06. > :08:10.family going for generations. The Company hopes the transpacific

:08:11. > :08:15.partnership will help them squeeze a little more out of their business.

:08:16. > :08:20.Previous trade deals have helped as they expect the TPP will too, if it

:08:21. > :08:28.is ever ratified. An example would be NAFTA and the net Mexico in

:08:29. > :08:33.particular -- and Mexico. As the tariffs went down the following year

:08:34. > :08:37.of about 15%, the same thing is happening in Japan as they began to

:08:38. > :08:42.reduce their tariffs over the last couple of years. 20% increase over

:08:43. > :08:46.prior years. He really does make a difference to have a level playing

:08:47. > :08:49.field. Not everyone is so enthusiastic about trade agreement

:08:50. > :08:53.stopping that, many workers say previous ones such as NAFTA has

:08:54. > :08:59.simply shipped jobs across the border and they are afraid that the

:09:00. > :09:02.TPP might ship more jobs to Asia. At this San Diego Cathay, three

:09:03. > :09:06.Aerospace workers are having coffee with the UN representative. Lots of

:09:07. > :09:12.jobs have gone to Mexico, he said and he expects his own will soon had

:09:13. > :09:17.to Malaysia. We are still losing the jobs because of regulations, because

:09:18. > :09:22.of government deals with other countries, starting with NAFTA and

:09:23. > :09:26.now TPP is approaching. And even though both candidates are opposed

:09:27. > :09:30.to the deal, he suspects it will still pass in some form. Timothy

:09:31. > :09:40.McDonald, BBC News, California. Just days after posting its falling

:09:41. > :09:47.profits, Apple has unveiled new laptops in a bid to revitalise its

:09:48. > :09:52.laptop line. It has an interactive display a above the keyboard is with

:09:53. > :09:56.a fingerprint sensor which makes it easier for online transactions using

:09:57. > :10:00.the Apple payment system. The last update from Apple on its Mac

:10:01. > :10:04.computers took place more than a year ago. Let's show the markets

:10:05. > :10:08.before we go. The Nikkei has started trading and they have opened higher

:10:09. > :10:14.because of the week of the Japanese yen. -- weak Japanese yen. We see

:10:15. > :10:18.shares in exporters rising at the moment. Australia is practically

:10:19. > :10:22.flat. Overnight in the US, even though we had lots of earnings,

:10:23. > :10:25.there was little change after a choppy session. We are also

:10:26. > :10:28.monitoring the oil prices. That is it for this addition of Asia

:10:29. > :10:29.Business Report. Thank you for