World business report. Reaching for the sky. Will Rupert Murdochs Takeover Plans for the pay tv giant be cleared for lift off, or grounded . Plus ringgit rebellion. They saw off the speculators and the imf, but 20 years on from the Asian Financial crisis, did malaysias risky strategy really pay off . Welcome to World Business report. Im jamie robertson. In a minute we will have more on the markets, and how they are reacting to rumours of higher interest rates. But first we start with a big day for this man, media tycoon rupert murdoch. He may be 86 years old, but his Empire Building Ambition seems to be undiminished. Today he finds out whether the uk government will let him take over pay tv giant sky, or whether to order a full investigation. So what is at stake . Mr murdochs 21st Century Fox already owns 39 of sky. The price tag for full control 15 billion. Sky is one of europes biggest broadcasters, with 22 million customers. The deal has already been cleared by countries across the
Business news live from singapore. 20 years since hong kongs hand over to china is its economy better or worse off . And it has been two decades since the Asian Financial crisis we look at the philippines and why it did better than its regional neighbours in riding out the turmoil. Good morning, asia. Hello, world. Thank you forjoining me for this friday edition of Asia Business report. Im rico hizon. As we told you on newsday this weekend marks 20 years since hong kong saw the end of British Colonial will. Chris patten was the last governor of hong kong, which is one of the major financial hubs of asia. My of the major financial hubs of asia. My colleague asked him if he is concerned about the future of the economy under chinas growing influence. My biggest worry about hong kong wasnt that the tanks would roll in from the north but that hong kong would simply become the richest city in china. I dont think that is going to happen so long as hong kong can hold onto the rule of law, inde
President bush declared a New World Order which america would lead by example. 25 years on, and donald trump is in the white house, so what kind of example is america setting now . My guest isjoe lieberman, former senator, al gores Vice President ial running mate in 2000. And recently touted as contender for fbi director under the current president. Is donald trump fundamentally changing americas global role . Joe lieberman. Welcome. Stephen, good to be with you. Lets begin maybe have to begin, with an assessment of donald trump. Six months in the white house. Are you alarmed or reassured by what you have seen . Iam uncertain. 0bviously President Trump ran a campaign unlike any we have ever seen in america. As a former officeholder, during the year i would run into other officeholders or current elected officials, and we would go through the latest thing that candidate trump had said, which he would have agreed would have ended our campaign. He kept going. Part of it was that the publi
As cabin crew prepare to strike, just weeks after an it crash that stranded thousands. Are cost cuts taking their toll on the Airlines Image . Plus, from the Sick Man Of Asia to one of the regions Fastest Growing economies. We report from the philippines, 20 years on from the Asian Financial crisis. Welcome to World Business report. Im rachel horne. We start with more problems for british airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most flights will operate as normal but it has cancelled a number of long haul departures to and from heathrow. Short haul and flights from other uk airports are unaffected. So whats it all about . The unite union says cabin crew who have taken industrial action over pay in the past have been blacklisted losing benefits like staff travel, concessions and bonuses. Ba estimates around 8 of its total cabin
From the labour party for two years. He has already served one year of his suspension. Now it is time to catch up with the business news, with mariko oi. From delhi to mumbai, we track the agenda of Philip Hammond on his india visit. And thailands property sector, 20 years after the Asian Financial crisis. Welcome to Asia Business report. We are live from singapore. British Finance Minister Philip Hammond Heads To Mumbai today as part of the uks trade push to show that there a world of opportunity for britain outside of europe. His first stop in delhi on wednesday saw him meet with indias Finance Minister. The uk wants to attract the brightest minds. Thats what Philip Hammond told founders from indias Start Up Community at a cafe in central delhi. His discussions with the Finance Minister included trade, Financial Services and infrastructure and talks focused on a post except trade deal. Big uk plans to tighten immigration, but this didnt come up. Business leaders seemed optimistic abo