0:00:14 > 0:00:15This is Business Briefing.
0:00:15 > 0:00:17I'm Sally Bundock.
0:00:17 > 0:00:18Finding a new home.
0:00:18 > 0:00:21Two important EU agencies will decide where to move today,
0:00:21 > 0:00:31as they leave London after Brexit.
0:00:31 > 0:00:34And imagine sending your child off for an education in gaming.
0:00:34 > 0:00:36In Singapore, the idea is gaining respect and even support
0:00:36 > 0:00:37from the government.
0:00:37 > 0:00:40And on the markets the euro sinks in response to the collapse
0:00:40 > 0:00:42of coalition talks in Germany.
0:00:42 > 0:00:46This as share markets in Asia also starting the week on the slide -
0:00:46 > 0:00:49we'll fill you in on all you need to know.
0:01:02 > 0:01:05It's a critical day for Brexit negotiations with Theresa May's
0:01:05 > 0:01:09cabinet meeting to discuss an improved divorce bill -
0:01:09 > 0:01:12but no doubt they will discuss at length the developments
0:01:12 > 0:01:15in Germany overnight and what this means for the Brexit timetable
0:01:15 > 0:01:17and its impact on negotiations.
0:01:17 > 0:01:20In a moment we'll be live in Brussels for analysis on this.
0:01:21 > 0:01:24But also we must mention the fate of two major European agencies
0:01:24 > 0:01:26will be decided on today.
0:01:26 > 0:01:31The European Medicines Agency and European Banking Authority
0:01:31 > 0:01:37currently reside in London - which will no longer be part
0:01:37 > 0:01:39of the EU from the end of March 2019.
0:01:39 > 0:01:42The 27 member states will vote later on which cities
0:01:42 > 0:01:43will become their new homes.
0:01:44 > 0:01:59Joe Lynam has more.
0:01:59 > 0:02:03I am hoping to be able to speak to him in just a moment. He is joining
0:02:03 > 0:02:09us from Brussels. Here he is. Peter, good to see you. Let's start with
0:02:09 > 0:02:14the situation in the Brexit negotiations in Germany. Your
0:02:14 > 0:02:18thoughts on the outcome of the coalition talks? They are collapsing
0:02:18 > 0:02:22and as we have been hearing earlier, there is a real concern about what
0:02:22 > 0:02:30the outlook is for Germany.Indeed, it looks like Germany isn't as solid
0:02:30 > 0:02:35as what it looks like in terms of politics and of course the key
0:02:35 > 0:02:46reason for that is Angela Merkel's decision in 2015 which has unleashed
0:02:46 > 0:02:53a lot of criticism and really destabilised German politics with
0:02:53 > 0:02:58the immersion of right-wing populist into the Bundestag. What we
0:02:58 > 0:03:04basically see if the centre-right Liberal SDP is not willing to form a
0:03:04 > 0:03:08coalition with the Greens the coast they have hardened their stance on
0:03:08 > 0:03:13Asylum and refugees and Angela Merkel is basically not willing to
0:03:13 > 0:03:21do that. She wants to include the Greens so for now, it is very early
0:03:21 > 0:03:26days, we have to see if it will return to the negotiating table. I
0:03:26 > 0:03:34won't be surprised if that somehow happens. But one option could be a
0:03:34 > 0:03:38minority government between Angela Merkel and the Greens but then
0:03:38 > 0:03:42again, that the problem that Merkel's Bavarian allies who also
0:03:42 > 0:03:46want a more right-wing refugee policy, might not be willing to do
0:03:46 > 0:03:52that so there is even the possibility that we will see Merkel
0:03:52 > 0:03:59basically leaving German politics because her person makes it
0:03:59 > 0:04:09impossible to include a coalition. Well, Mexit is not something I have
0:04:09 > 0:04:13heard before. Talk through what that would mean for the eurozone, going
0:04:13 > 0:04:17forward. Without the strength and leadership of Angela Merkel. And
0:04:17 > 0:04:21also, the Brexit negotiations.I don't think we should dramatise it.
0:04:21 > 0:04:30All in all, there is a consensus. Even in Germany, how these
0:04:30 > 0:04:41negotiations need to be conducted is important. I think even a --I think
0:04:41 > 0:04:44even a caretaker German government needs to make some pretty obvious
0:04:44 > 0:04:50decisions. It is not clear how any other German government would have
0:04:50 > 0:04:53materially different stance on Brexit. With regards to the
0:04:53 > 0:05:04eurozone, indeed a German caretaker government cannot decide what the
0:05:04 > 0:05:07French President Emmanuel Macron has decided which is to concentrate more
0:05:07 > 0:05:12money and power at the Central level in the eurozone. You know what? Even
0:05:12 > 0:05:16if there is a coalition German government, even from the
0:05:16 > 0:05:19centre-left, I don't think they would be happy if it was just
0:05:19 > 0:05:23decided like that but there will be more transfers in the eurozone, it
0:05:23 > 0:05:28will most likely be because of the fact that they are back at the edge
0:05:28 > 0:05:32of a cliff again. That's only when these decisions are being made and I
0:05:32 > 0:05:36don't think these decisions are very sustainable because they always
0:05:36 > 0:05:47provoke anger. The countries that are obliged to accent the conditions
0:05:47 > 0:05:51to the payment are not happy either. This is why politicians only
0:05:51 > 0:05:58grudgingly decide them. Don't expect these big eurozone reforms to come
0:05:58 > 0:06:06any time soon.For now, thank you the from the think tank in Brussels.
0:06:06 > 0:06:10Of course, this is a story we will discuss in the news briefing. It is
0:06:10 > 0:06:13all over the media today. Some other stories today in business.
0:06:13 > 0:06:16Japan's exports rose for the 11th consecutive month in October
0:06:16 > 0:06:18on robust shipments of automobile and electronic parts.
0:06:18 > 0:06:20Let's go to our Asia business hub where Sharanjit Leyl
0:06:20 > 0:06:26is following the story.
0:06:26 > 0:06:31Nice to see you, Sharanjit Leyl full is not it would seem that this is
0:06:31 > 0:06:38the backbone of Japan's export market. Electronics and cars.That's
0:06:38 > 0:06:43right, Sally. It is also the risk global demand that is leading to
0:06:43 > 0:06:48that growth. It is the cars, the electronics, that has led to the
0:06:48 > 0:06:56uptick in exports for Japan. Also imports grew with oil. We saw
0:06:56 > 0:07:00exports rise in 14% in October from the previous year and imports were
0:07:00 > 0:07:05up nearly 19% from last year. It was really things like, looking at the
0:07:05 > 0:07:10breakdown of shipments of cars to Australia, liquid crystal device
0:07:10 > 0:07:15production equipment and plastics to China, that led to the gain in
0:07:15 > 0:07:20exports and crucially, shipments to China, in fact, the largest trading
0:07:20 > 0:07:25partner, rose 26% in October from last year to well over Y1 trillion
0:07:25 > 0:07:29which was the highest value on record. Really, all of this robust
0:07:29 > 0:07:36growth has led to gains for other regions in the economy because
0:07:36 > 0:07:41Thailand's data came out today and it was also growing faster in the
0:07:41 > 0:07:45July- September quarter which was its highest rate it has grown in 4.5
0:07:45 > 0:07:49years and that is due to more exports and tourism arrivals.
0:07:49 > 0:07:53Generally, this pickup in global growth is benefiting economies in
0:07:53 > 0:07:59this region.To see you. -- good to see you.
0:07:59 > 0:08:01Now let's brief you some other business stories.
0:08:01 > 0:08:03Japanese automaker Honda is recalling 900,000 units
0:08:03 > 0:08:06of this model - the Odyssey minivan, due to reports of injuries
0:08:06 > 0:08:07blamed on faulty seats.
0:08:07 > 0:08:10It is just the latest Japanese manufacturer to find itself facing
0:08:10 > 0:08:14quality-control issues.
0:08:14 > 0:08:17Toshiba board members have approved a plan to raise more than $5 billion
0:08:17 > 0:08:19from a sale of new shares.
0:08:19 > 0:08:22It's a key step that would allow the troubled conglomerate to remain
0:08:22 > 0:08:25a publicly traded company even if the sale of its chip
0:08:25 > 0:08:26unit is delayed.
0:08:26 > 0:08:30Toshiba needs to raise almost $7 billion by the end of March to plug
0:08:30 > 0:08:32a balance sheet hole left by its bankrupt U.S.
0:08:32 > 0:08:33Nuclear power business.
0:08:33 > 0:08:35If they don't, the multinational conglomerate will be delisted
0:08:36 > 0:08:40from the Tokyo Stock Exchange.
0:08:45 > 0:08:48A career in gaming would once have been unthinkable in Asia.
0:08:48 > 0:08:57But e-sports is slowly gaining recognition and will even be
0:08:57 > 0:09:00included as a medal sport at the Asian Games in 2022.
0:09:00 > 0:09:03And with the global e-sports market forecast to hit $1.5 billion
0:09:03 > 0:09:05within three years, Singapore wants to help train new gamers
0:09:05 > 0:09:06to go professional.
0:09:06 > 0:09:09If they make it, champions can win huge prizes worth millions
0:09:09 > 0:09:12of dollars.
0:09:40 > 0:09:42I see a lot of
0:09:42 > 0:09:45I see a lot of traditional gamers and how they work as a team and stay
0:09:45 > 0:09:51together, lived together and train together. They get to fly around
0:09:51 > 0:10:10show cast their skills and talents. -- showcase.
0:10:29 > 0:10:33I was a competitive game and then I realised that actually stronger in
0:10:33 > 0:10:40the strategy and my reflexes aren't as fast as other players so I
0:10:40 > 0:10:52thought, why not use what I have two educate more gamers? -- what I have,
0:10:52 > 0:11:00to educate more gamers.The oral lot more oximetry rolls out there. --
0:11:00 > 0:11:08auxiliaries. If you make the match exciting, the event producers,
0:11:08 > 0:11:12coaches, trainers, all of these essential roles.
0:11:27 > 0:11:30That's it for Business Briefing this hour -
0:11:30 > 0:11:34But before we go - here are the markets.
0:11:34 > 0:11:42Asia is under way down. -- on the way down. The main market in Japan
0:11:42 > 0:11:46was also down around about 0.5%.
0:11:46 > 0:11:49Up next - Newsbriefing - we'll take you through the stories
0:11:49 > 0:11:49making headlines in the global media today including
0:11:54 > 0:11:58-- making headlines in the global media today.