26/01/2018 Asia Business Report


26/01/2018

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There's been a sharp rise

in the number of serious violent

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crimes and sex offences recorded

by police in England and Wales.

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US President Donald Trump takes his

America First agenda two Davos. How

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will this message be received by the

world's global league? In the Indian

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Premier League is set to hold its

biggest ever player auction. We

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break down the numbers on the world

's biggest sports auction. Get's

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Friday, everyone. Good morning,

Asia. Hello, world. Thank you for

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joining us for another edition of

Asia Business Report. Starting in

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Davos and Donald Trump has become

the first sitting US president in

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almost 20 years to attend the World

Economic Forum. It was a busy first

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day for Mr Trump. He met with the UK

Prime Minister were and they

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discussed the details of his visit

to Britain later this year. Donald

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Trump also hosted a dinner with the

head of the world 's biggest

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companies and discussed US economic

policy. The head of one of India's

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biggest companies told the BBC that

Mr Trump's America First policy will

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be on display at Davos for his voter

base.

He likes talking to

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businessmen so he is coming to his

community. I have another point of

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view. Is also talking to his bast

race back in America. That base is

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probably not very friendly to people

at Davos and I don't think they look

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kindly upon these gatherings of the

1%. I was told that he may in fact

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come here, talking to his base to

say look, I went and met with Davos

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man and told them about America

First.

The boss of Goldman Sachs was

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also in attendance. He told the BBC

that US investment banks and their

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plans for Brexit are reaching the

point of no return but it is a

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sensitive subject.

As a UK national,

I don't know what it would feel

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like. I am an American. As a world

citizen, I thought UK was good as

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part of Europe. I am sure it was

good both of them. I thought the UK

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die mentioned that the UK brought to

Europe improved Europe. With the UK

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out, I don't think it is great, in

my view, great for the UK and I

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don't think it is great for Europe

either, to be missing that

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ingredient. As a citizen of the

world, in my view, and if I may

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indulge in some provincialism, my

company stands by the open Markman

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-- market and our commitment to the

UK was good for the UK and for

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London. Most of our European

business was in a place where we do

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less than one third of our business

echoes we keep everything in the UK

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and service the rest of the

continent from that. We may or may

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not be able to do that. 's new

arrangement is not so good for my

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company. It is less good for Goldman

Sachs and for wealth creation in the

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world I think it is less good for

the UK. As a British person, at the

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court, having to throw in and get

instructions from and surrender some

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sovereignty, I am not at liberty. I

I can't do that. And if I venture

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into that space I get criticised.

Brexit secretary David Davis is set

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to deliver a key speech on Friday,

outlining the UK's economic plans

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for when it is no longer a member of

the European Union. He is expected

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to say that the UK will once again

have its own trading policy which

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will include negotiating and signing

new deals with emerging markets in

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Asia and the Americas. Returning now

to the snowy Swiss Alps and another

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major talking point this year has

been the need to movement. Business

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typically used to be seen as a boys

club at this year the World Economic

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Forum is being co-chaired entirely

by women for the first time. Many

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are speaking out against ending

gender discrimination, sexual

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harassment and unfair pay at work.

How do you stamp it out? Here are

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some views.

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No more secrets. Get it all out on

the table. Let's come clean with the

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issues. Move on. Be inclusive in the

future.

The most important thing

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that companies need to do is create

a pew at an merit-based environment

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so that women have confidence that

they will not be discriminated

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against just on the basis of gender.

In China, most of us do not know

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what sexual harassment is. I think

it is the company's obligation to

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educate their employees that sexual

harassment is the wrong.

It is

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critical to transform anger into

action. And action has to start at

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the top.

Companies need to remember

that women tend to be more modest so

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they need to be lifted up to grow in

the ranks of companies.

It is very

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important that companies create a

culture where women feel welcome,

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safe and empowered.

Give her the

chance to study anything she wants.

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The MeToo movement at the World

Economic Forum. In other business

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news, a ruling on a contentious

trade dispute between the US and the

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Canadian planemaker bomb by the

eight is due later today. At the

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International Trade Commission is

expected to back the US government's

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move to impose a massive tariffs of

almost 300% on the C series planes.

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Boeing accused their opponents of

receiving illegal government

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subsidies and of dumping planes on

the US market. Do you remember the

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meltdown at the Fokker Chinon

nuclear power plant in 2011 when the

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huge tsunami hit? The case against

three former executives at the

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company is in court today. For the

latest I am joined by my colleague.

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How significant is this case? It is

quite significant. Necessarily

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criminal case over the nuclear

accident. You are seeing some

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dramatic footage of the tsunami

which hit for the Ashima and other

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north-eastern areas of Japan. --

Fukushima. This is the only criminal

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case against three former executives

of Tokyo Electric. The argument goes

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that they could have known that the

nuclear accident would have happened

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should there be a tsunami. The three

men who, at the start of the draft

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several months ago, pleaded not

guilty and said there was no way to

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predict the natural disaster of a

magnitude like that. If you

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remember, at a parliamentary enquiry

back in 2011 it found that this

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nuclear accident was man-made. The

tsunami and the earthquake were not

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that the actual nuclear accident

was. We will hear from over a dozen

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witnesses including employees as to

whether there was any study done

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about it and for many of the

victim's family members, they hope

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that this trial will shed light on

the broader responsibilities of the

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nuclear accident.

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Thank you very much for that update

on the court case. The IPL, the

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Indian Premier League, is one of the

biggest sports leagues in the world.

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On Saturday, clubs will bid millions

of dollars to have the biggest names

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in the world of cricket on their

teams. BBBC-- the BBC previews what

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we can expect from the auction.

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That is a lot of money for playing

seven weeks of cricket across India.

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Clubs have already signed these

stars up for this year's Indian

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Premier League. Real money will be

spent this weekend at the

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tournament's mega players auction.

It promises to be the biggest ever

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with some of the best cricketers in

the world for grabs. Most of them

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were contracted to clubs for ten

years. Will be the 11th IPL so they

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will join over a thousand players in

the pool. And with international

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stars like Joe Root, Mitchell stark

and Chris Gayle on the list, the

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bidding is bound to be intense. IPL

players are earning big bucks during

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the tournament. Vera Kohli earned

$380,000 per week, which is more

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than many athletes in the EPL and la

Leaguer. The IPL has become one of

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them what's watched leagues in the

world. Around 32,000 people turn up

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for the matches, a little lower than

the English Premier League but

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higher than la Leaguer and

major-league race ball in the US. TV

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and digital viewership is rising

steadily as well. They expect nearly

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700 million people to tune in this

season. The tournament growth in

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population and salary is expected to

break records this year, it seems

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that the only way is up.

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An enormous sport in India. Cricket,

cricket.

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We have the Nikkei two to five in

negative territory together with

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another index but the All or Derry

is up.

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