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Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:17. | |
United States turned up the pressure on North Korea by imposing new | :00:18. | :00:22. | |
sanctions. And is China's largest vehicle maker | :00:23. | :00:29. | |
cooling its prospects to buy the iconic American band chip? -- brand, | :00:30. | :00:39. | |
Jeep? Good morning. Thanks for joining us for this edition of Asia | :00:40. | :00:41. | |
Business Report. The US is expanding sanctions on | :00:42. | :00:49. | |
North Korea in an attempt to stop the weapons programme. They are | :00:50. | :00:55. | |
tightening sanctioning restrictions on companies accused of helping | :00:56. | :00:58. | |
Pyongyang if they'd these existing sanctions. They are also seeking to | :00:59. | :01:06. | |
recover millions of dollars. Let's cross over to our reporter. Who are | :01:07. | :01:12. | |
these third-party companies? US prosecutors have added ten companies | :01:13. | :01:16. | |
and six individuals to the North Korea sanctions list. These are | :01:17. | :01:20. | |
predominantly Chinese and Russian companies which, as you said, had | :01:21. | :01:25. | |
helped North Korea is a national sanctions and crucially helped them | :01:26. | :01:28. | |
raise money for their nuclear weapons programme. Some of the | :01:29. | :01:36. | |
companies that were named basically I'll buying or selling call from | :01:37. | :01:43. | |
North Korea. -- are buying. Others helped provide financial services to | :01:44. | :01:49. | |
North Korea. One other one was having foreign workers from North | :01:50. | :01:52. | |
Korea go overseas and build statues. What has been the reaction of these | :01:53. | :01:57. | |
Russian and Chinese companies that have been pinpointed by the United | :01:58. | :02:05. | |
States? They aren't happy. Because they say it is unilateral and | :02:06. | :02:09. | |
therefore potentially illegal. The Chinese and Russians said that the | :02:10. | :02:14. | |
UN just over two weeks ago implemented tough new sanctions on | :02:15. | :02:18. | |
North Korea and so they would adhere to that. But for the US to move | :02:19. | :02:22. | |
ahead eye itself they are not in agreement. -- by itself. It seems | :02:23. | :02:29. | |
there could be retaliation. Thank you for the update. | :02:30. | :02:36. | |
It looks like great Wall motors is making a U-turn in prospects to buy | :02:37. | :02:44. | |
Jeep. The Chinese automaker was said to be making a bid for the brand but | :02:45. | :02:49. | |
now the company says there are the uncertainties as to whether it will | :02:50. | :02:52. | |
continue to consider the option. The Chinese maker wants to become a | :02:53. | :02:58. | |
globally recognised brand and buying Jeep would help it achieve its goal. | :02:59. | :03:04. | |
Industry rivals have had mixed results with acquisitions. Geely had | :03:05. | :03:09. | |
a turnaround after buying Volvo. A bid by Sichuan Tenzhong for | :03:10. | :03:23. | |
General Motors' Hummer failed to clear regulators. I spoke to someone | :03:24. | :03:29. | |
earlier from Shanghai and asked what uncertainties Great Wall Motors | :03:30. | :03:34. | |
faces. If you are going to extract the crown jewel from Fiat Chrysler's | :03:35. | :03:39. | |
portfolio you will have to pay a price. What they are doing if they | :03:40. | :03:44. | |
aren't necessarily making a U-turn. I think they are taking a rest stop | :03:45. | :03:48. | |
for a moment to see if they can position themselves. They aren't | :03:49. | :03:55. | |
being aggressive. I think there is probably a positioning strategy for | :03:56. | :04:03. | |
them. Apart from the price, could it also be the geopolitical situation? | :04:04. | :04:06. | |
This is an American brand being sold at a time of heightened tensions. | :04:07. | :04:11. | |
No, it's too early in the process. There's nothing stopping them from a | :04:12. | :04:15. | |
discussion at this point. The regulators aren't going to say, you | :04:16. | :04:21. | |
can't do that. Certainly Jeep is the quintessential American brand and | :04:22. | :04:24. | |
has military heritage. It will be controversial in the US. But on the | :04:25. | :04:29. | |
Chinese side I think it would be very prestigious for a Chinese | :04:30. | :04:33. | |
company to have the depth and development to the point where they | :04:34. | :04:37. | |
can even consider acquiring a global brand like Jeep. Taking away the | :04:38. | :04:45. | |
pricing situation, will there be synergies between Great Wall Motors | :04:46. | :04:53. | |
and Jeep? Certainly. Great Wall is at core and SUV manufacturer. Jeep | :04:54. | :05:03. | |
is a premium SUV brand and is positioned nicely in China, so I | :05:04. | :05:06. | |
think they complement each other well. Great Wall is a Chinese brand | :05:07. | :05:14. | |
that would like to be global. That was an analyst in Shanghai. | :05:15. | :05:20. | |
Continuing this theme, Ford is revving up to sell a new brand of | :05:21. | :05:24. | |
electric vehicles in China. An announced plans to set up these | :05:25. | :05:32. | |
plans -- it announced. And it says it will produce electric vehicles on | :05:33. | :05:35. | |
the mainland. The Chinese company sold more than 16,000 all electric | :05:36. | :05:45. | |
cars this year, through July. There are reported widespread flight | :05:46. | :05:47. | |
cancellations due to the typhoon. Cathay Pacific announced the | :05:48. | :05:50. | |
majority of flights into and out of Hong Kong, between now and 5pm local | :05:51. | :05:56. | |
time. The Hong Kong airport authority is urging passengers to | :05:57. | :05:59. | |
confirm their flights before heading to the airport. | :06:00. | :06:03. | |
Talks between South Korea and the US failed to find a way to move forward | :06:04. | :06:07. | |
on amending their five-year-old free-trade deal. Trump has called | :06:08. | :06:10. | |
the agreement a job killer for the US, but the soul stressed that the | :06:11. | :06:18. | |
US trade deficit with South Korea was not the result of the bilateral | :06:19. | :06:24. | |
trade deal -- Seoul. It proposed a joint study to examine the effect of | :06:25. | :06:27. | |
the agreement. Continuing our series this week, the | :06:28. | :06:33. | |
Netherlands was the first country in the world that made it legal for | :06:34. | :06:36. | |
doctors to help patients to die. Euthanasia now accounts for 4.5% of | :06:37. | :06:42. | |
deaths, as more people who don't suffer from terminal illness are | :06:43. | :06:45. | |
still opting for life ending treatment. But there's been | :06:46. | :06:49. | |
opposition plans to further relax laws. | :06:50. | :06:58. | |
How awesome for you to check me out. I am a stand-up comedian and a | :06:59. | :07:02. | |
motivational speaker. She was a performer who adored the spotlight. | :07:03. | :07:09. | |
But in 2015, she decided to end her life with euthanasia. She was so | :07:10. | :07:20. | |
young, 25. But she had a lot of pain in her body. Physically, mentally. | :07:21. | :07:25. | |
She couldn't deal with it. Her doctor granted her request on the | :07:26. | :07:33. | |
fourth time of asking. She said, Mum, I've got news. I can go. It's | :07:34. | :07:40. | |
my liberation day. She was such a happy child. 6300 patients were | :07:41. | :07:46. | |
given a life ending treatment in the Netherlands in 2016 and 500 of them | :07:47. | :07:54. | |
used this independent foundation. The End of Life clinic employs 55 | :07:55. | :08:00. | |
teams, consisting of a doctor and nurse, who travelled to people's | :08:01. | :08:03. | |
homes to administer the lethal injection or hand over the lethal | :08:04. | :08:08. | |
cocktail of drugs. In a country where medical insurance is | :08:09. | :08:12. | |
mandatory, its insurance companies not individuals that pay the bill. | :08:13. | :08:17. | |
But euthanasia critics around the world are worried about insurers | :08:18. | :08:20. | |
focusing on their own profits, facilitating a voluntary death is | :08:21. | :08:26. | |
relatively cheap, as little as $400, compared with a cost of treating a | :08:27. | :08:31. | |
long-term terminal illness. The director at the End of Life clinic | :08:32. | :08:35. | |
find this accusation is frustrating. It's not about the cost. What is | :08:36. | :08:39. | |
driving us is to help these people who are in a situation that they | :08:40. | :08:44. | |
say, please help me in dying, there is no other option. That's the | :08:45. | :08:48. | |
reason why we are here. We are absolutely not cost driven, we are | :08:49. | :08:53. | |
not-for-profit. Insurance companies also denied these claims, saying: | :08:54. | :09:02. | |
Also 85% of Dutch people broadly support the current law, advocates | :09:03. | :09:11. | |
of euthanasia want to relax the legislation even further to allow | :09:12. | :09:15. | |
anyone over the age of 75 to choose death when they feel they've had | :09:16. | :09:21. | |
enough of life. These proposals have horrified the Netherlands' small but | :09:22. | :09:26. | |
politically powerful Christian lobby. That debate continues. For | :09:27. | :09:32. | |
many thousands of people across the Netherlands, how it ends will truly | :09:33. | :09:40. | |
be a matter of life or death. Join the conversation online and let | :09:41. | :09:46. | |
us know your thoughts. Before we go, a look at the markets. Japan and | :09:47. | :09:54. | |
Australia have open. The Nikkei is up by 129 point four. The All Ords | :09:55. | :10:03. | |
gaining 35 points, 0.6%. This is because Wall Street stocks jumped | :10:04. | :10:07. | |
overnight as investors took advantage of recent pullbacks in | :10:08. | :10:10. | |
equities as worries about US political stability and tensions | :10:11. | :10:15. | |
with North Korea received. The Dow Jones soaring by about 1%, 196 | :10:16. | :10:22. | |
points. The NASDAQ composite index in positive territory by 1.4%. As | :10:23. | :10:28. | |
for the currency markets, the dollar advancing ahead of the meeting of | :10:29. | :10:34. | |
central bankers. Thank you so much for investing your time with us and | :10:35. | :10:37. | |
have a profitable Wednesday. See you again soon. | :10:38. | :10:41. | |
The top stories this hour: Two days after an American warship | :10:42. | :10:46. | |
and a tanker collided off the coast of Singapore, | :10:47. | :10:48. | |
divers have found bodies inside the flooded compartments | :10:49. | :10:53. |