Browse content similar to 19/03/2018. Check below for episodes and series from the same categories and more!
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Commuters are being warned to expect
difficult conditions, | 0:00:00 | 0:00:00 | |
especially in the
south-west of England. | 0:00:00 | 0:00:02 | |
Now on BBC News, all the latest
business news live from Singapore. | 0:00:02 | 0:00:03 | |
Finance ministers from the world's
20 largest economies meet in Buenos | 0:00:14 | 0:00:22 | |
Aires with US turrets and a
potential US war high among their | 0:00:22 | 0:00:26 | |
concerns. And for trade ties against
a backdrop of growing protectionism, | 0:00:26 | 0:00:31 | |
while India achieve much from
hosting a meeting of select trade | 0:00:31 | 0:00:36 | |
ministers? Quite you could join us
for Asia-Pacific -- glad you could | 0:00:36 | 0:00:48 | |
join us. We begin with a meeting of
the G20 due to kick off in Buenos | 0:00:48 | 0:00:55 | |
Aires in Argentina. Concerns over a
potential US- China trade rift and | 0:00:55 | 0:01:00 | |
President Trump's steel and annually
on tariffs look still to dominate, | 0:01:00 | 0:01:04 | |
one finance minister will be absent
from the meeting, Japan's ambassador | 0:01:04 | 0:01:09 | |
not attending due to political
issues at home. Himself in the Prime | 0:01:09 | 0:01:14 | |
Minister are under pressure after it
was revealed that official documents | 0:01:14 | 0:01:17 | |
were altered by the Finance bureau
relating to a sale of state plans to | 0:01:17 | 0:01:21 | |
school operator which has ties to
the Prime Minister's why. Both men | 0:01:21 | 0:01:26 | |
say they were not aware about it
until this month. But apologised. | 0:01:26 | 0:01:37 | |
What did this mean for the Prime
Minister and the economy? It is not | 0:01:37 | 0:01:42 | |
likely that the scandal is making
the Prime Minister resign so far but | 0:01:42 | 0:01:51 | |
the election is coming in September
so if the supporting ratio the Prime | 0:01:51 | 0:01:58 | |
Minister is declining, it may be a
problem. Slim chance that the Prime | 0:01:58 | 0:02:03 | |
Minister may be resigning and
another candidate may be the leader. | 0:02:03 | 0:02:08 | |
If it happens, we will have the more
worries for Japanese politics and | 0:02:08 | 0:02:18 | |
our policies may be slowing down. It
isn't likely again but we should | 0:02:18 | 0:02:22 | |
think about it. I think overall,
monetary easing will continue. | 0:02:22 | 0:02:37 | |
Consumer prices are improving in
Japan, you have capital expenditure, | 0:02:37 | 0:02:41 | |
we have not seen the Japanese
economy expand for each consecutive | 0:02:41 | 0:02:46 | |
quarters for many years. Are we
likely to see a nice consecutive | 0:02:46 | 0:02:51 | |
quarter of expansion in the January
- March quarter? Right? We expect | 0:02:51 | 0:02:57 | |
growing Japan for some or quarters
and by the end of 2018 growth is | 0:02:57 | 0:03:09 | |
firm and 2019 Booval have a
consumption tax hike from 8% to 10% | 0:03:09 | 0:03:14 | |
which is a risk scenario to stop
consumers activity. And we have some | 0:03:14 | 0:03:23 | |
important trade figures coming out
of Japan as well, exports rising | 0:03:23 | 0:03:27 | |
1.8% in February compared to year
ago levels, that figure is much | 0:03:27 | 0:03:32 | |
lower from the previous month in
January, outbound ship in gaining | 0:03:32 | 0:03:36 | |
top .2%. The slowdown is due to
fight reactivities stalling across | 0:03:36 | 0:03:41 | |
Asia during the lunar New Year
holiday. Imports gaining 16.5% in | 0:03:41 | 0:03:46 | |
the year to February. Making
headlines Facebook has announced a | 0:03:46 | 0:03:53 | |
comprehensive internal and external
review to determine whether the | 0:03:53 | 0:03:56 | |
personal data 50 million users has
been compromised after reports that | 0:03:56 | 0:04:00 | |
misuse by political consultancy
group Cambridge analytic. The firm's | 0:04:00 | 0:04:05 | |
chief executive Alexander Nix has
been called back before a committee | 0:04:05 | 0:04:12 | |
in the UK, Facebook will be asked to
testify. Both companies have denied | 0:04:12 | 0:04:16 | |
wrongdoing. As protectionism rears
its head in America many trade | 0:04:16 | 0:04:20 | |
partners have been racing a trade
war, India said it will engage in | 0:04:20 | 0:04:24 | |
Washington over recent decisions
related to it exports in this week | 0:04:24 | 0:04:28 | |
it plays host to several members of
the World Trade Organization. A | 0:04:28 | 0:04:32 | |
business reporter joins us. How
influential is India do you think in | 0:04:32 | 0:04:38 | |
terms of free trade in the global
landscape? India is important as we | 0:04:38 | 0:04:46 | |
rise, if you look at the last few
years, looking at some of the | 0:04:46 | 0:04:49 | |
meetings taking place at the WTO
including discussions of | 0:04:49 | 0:04:54 | |
controversial issues like food
stockpiling and providing subsidies | 0:04:54 | 0:04:56 | |
for illegal fishing, India has been
an important voice along with China | 0:04:56 | 0:05:02 | |
so with that in mind this meeting is
important, it is the first meeting | 0:05:02 | 0:05:07 | |
after the 11th ministerial meeting
that took place in Argentina in | 0:05:07 | 0:05:10 | |
December which failed to reach any
sort of consensus on critical | 0:05:10 | 0:05:13 | |
issues. Given the rising
protectionism, especially two weeks | 0:05:13 | 0:05:18 | |
back or a few days back, Donald
Trump's announcement raising import | 0:05:18 | 0:05:24 | |
tariffs on steel and aluminium, the
issue was going to dominate the | 0:05:24 | 0:05:29 | |
discussions, there are 40 countries
dissipating including some trade | 0:05:29 | 0:05:33 | |
ministers in that sense it an
important meeting. India export | 0:05:33 | 0:05:38 | |
steel and aluminium and how will
this impact the economy if it rises | 0:05:38 | 0:05:44 | |
to 10% and 25%? Luckily the India it
isn't a big exporter to the USA that | 0:05:44 | 0:05:51 | |
it is going to impact its mid-size
and some of the large companies and | 0:05:51 | 0:05:56 | |
demand has fallen over the last few
years, steel demand, and it has been | 0:05:56 | 0:06:00 | |
relying on exports to Europe and the
USA to really increase profitability | 0:06:00 | 0:06:04 | |
of the company 's win that sense it
is important for India. Thank you so | 0:06:04 | 0:06:08 | |
much. Hong Kong's richest man
announced his retirement on Friday. | 0:06:08 | 0:06:16 | |
He has been vague about plans to
retire in the past but as it turns | 0:06:16 | 0:06:22 | |
90, it is apparently the right time.
His net worth is around $34 billion. | 0:06:22 | 0:06:27 | |
It is for companies of all listed on
the Hong Kong stock exchange and | 0:06:27 | 0:06:31 | |
reported earnings numbers on Friday.
If this is as cover ports, retail, | 0:06:31 | 0:06:35 | |
energy, he will stay on in an
advisory role but now control has | 0:06:35 | 0:06:41 | |
been passed on to his son, Victor.
Victor is 53 and has been deputy | 0:06:41 | 0:06:46 | |
chairman since 2000 15. Moving to
the future of work, one is driving | 0:06:46 | 0:06:54 | |
global demand the robots in the
workplace, it is by far the biggest | 0:06:54 | 0:06:57 | |
marketplace for industrial robots
but while its big push to develop a | 0:06:57 | 0:07:01 | |
high, the world's was popular
country could also be the place | 0:07:01 | 0:07:06 | |
where machines you cannot see it and
buy software takeover swathes of | 0:07:06 | 0:07:10 | |
jobs currently being done by people?
Our China correspondent has the | 0:07:10 | 0:07:14 | |
details. | 0:07:14 | 0:07:18 | |
I think the impact the people is
psychologically, they were felt | 0:07:21 | 0:07:25 | |
threatened. But they will feel. | 0:07:25 | 0:07:30 | |
Robots and artificial intelligence
are not new but their combined power | 0:07:35 | 0:07:41 | |
and potential is revolutionising the
workplace. There are types of | 0:07:41 | 0:07:44 | |
routine jobs that will be totally
replaced so assembly lines, | 0:07:44 | 0:07:51 | |
inspection, customer service,
representative, telemarketing, it | 0:07:51 | 0:07:55 | |
will be a total replacement. I have
to admit I am not feeling that | 0:07:55 | 0:07:59 | |
comfortable but this is how a visit
to the dentist could look in the | 0:07:59 | 0:08:03 | |
future. No human hands delving in,
no hot breath on your cheek. | 0:08:03 | 0:08:08 | |
Instead, this, a robot, doing all
the hard work including of course... | 0:08:08 | 0:08:15 | |
This robot dentist has been for
years in the making at a military | 0:08:15 | 0:08:20 | |
hospital in China, it is operated on
a human for the first time last | 0:08:20 | 0:08:24 | |
September. | 0:08:24 | 0:08:24 | |
Movement has been a challenge
though, as it is with most robots. | 0:08:47 | 0:08:51 | |
Moving patients, flinching in pain,
are problem. | 0:08:51 | 0:08:53 | |
AI is an enabler, not an arms race,
so I think we should think about it | 0:09:04 | 0:09:09 | |
as doing great things to every
country and how can we worked | 0:09:09 | 0:09:13 | |
together to benefit from it and to
solve the challenges that it brings | 0:09:13 | 0:09:17 | |
about? | 0:09:17 | 0:09:23 | |
The future of work. China is
expected to announce that US | 0:09:23 | 0:09:26 | |
education economies will become the
country's new central bank governor. | 0:09:26 | 0:09:32 | |
He has served as deputy governor of
the People's Bank of China since | 0:09:32 | 0:09:36 | |
2008 and is set to replace the
current leader, who has held the | 0:09:36 | 0:09:42 | |
role the 15 years. This is a look at
what else we can expect on the | 0:09:42 | 0:09:46 | |
business calendar. The US central
bank kicks off its two-day meeting. | 0:09:46 | 0:09:49 | |
High expectations Jerome Powell hike
the cost of borrowing at its first | 0:09:49 | 0:09:54 | |
meeting as the Federal reserve
chief. On Thursday, full-year | 0:09:54 | 0:09:59 | |
numbers from China Mobile, the world
's largest telecommunications | 0:09:59 | 0:10:02 | |
company. And also, Nikkei will be
posting its third-quarter numbers -- | 0:10:02 | 0:10:11 | |
Nike. Currently it is a down day for
the Asian stock market. The Nikkei | 0:10:11 | 0:10:19 | |
to 25, -- to 25 is down. | 0:10:19 | 0:10:23 | |
Thank you so | 0:10:27 | 0:10:31 |