Of the new £50 note. Now on bbc news, live to singapore for Asia Business report. Weighing up libre. The us treasury secretary doubles down on Donald Trumps attacks on facebooks planned crypto currency libra. Money in the moon. 50 years on from the apollo 11 landing, we speak to one company plan to exploit its resources. One company plan to exploit its resources. one company plan to exploit its resources. Planning. Good morning asia and hello, world. Its tuesday, glad you could join us for another exciting addition of Asia Business report. Im rico hizon and we start with facebook and its ambitious plan to create its own crypto currency and the growing scrutiny its been under since it was unveiled last month. In the last few hours, us treasury secretary Steve Mnuchin took the unusual step that he had grave concerns libra could be used for illegal purposes, echoing similar comments from donald trump. The social media giant plans to launch its own virtual digital currency, libra and if a
Settle privacy concerns. And the proclaimed arrogance of Silicon Valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat presumptuous. We ask how the controversy is impacting the broader Crypto Market. But first to our top story, it is big techs turn, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported results thursday. For alphabet it was all about sales and regulation. Our guests weighed in. If you look at the way google gets revenue, about 85 of revenue at google is coming in from the ad business. I think, given the competition they will be facing, you do not want to be in a spot where you have north of 80 of revenue coming from advertising. So i think that they are going to place a bigger emphasis on the Cloud Business. How much success are they going to have . It is hard to say. They have not been able to get out of that third slot, as you have said. They are facing massive competition against microsoft and amazon, who h
The brick wet that she was not able to deliver on brexit. This is 45 minutes. P. M. May this will most likely be the last time i speak at length as Prime Minister. I would like to talk about this around the world. I have lived politics for half a century. From stopping envelopes to my local party. In my school years to serving as a local counselor, winning a seat, serving for 12 years on the opposition front bench, and for nine years in the cabinet as home secretary and Prime Minister. Everyhout that time, in job i have done, i have been inspired by the enormous potential that working in politics and taking part in public life holds. The potential to serve your country, to improve peoples lives. And in however big or small away to make the world a better place. Looking at our own country and the world at which reform a part, there is a great deal to feel optimistic about. Globally, over the last 30 years , extreme poverty and childhood mortality have been housed. People halved. People
The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max.
And the proclaimed arrogance of Silicon Valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat presumptuous. We ask how the controversy is impacting the broader Crypto Market. But first to our top story, it is big techs turn, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported results thursday. For alphabet it was all about sales and regulation. Our guests weighed in. If you look at the way google gets revenue, about 85 of revenue at google is coming in from the ad business. I think, given the competition they will be facing, you do not want to be in a spot where you have north of 80 of revenue coming from advertising. So i think that they are going to place a bigger emphasis on the Cloud Business. How much success are they going to have . It is hard to say. They have not been able to get out of that third slot, as you have said. They are facing massive competition against microsoft and amazon, who have had a lot of success