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
Facebooks hugely ambitious plan to create its own Global Crypto currency has been under growing scrutiny since it was unveiled last month, and in a few hours time, the man in charge of the project will face a grilling from us lawmakers about what the company says is the future of money. Facebook says it wont go ahead with the launch of its libra crypto currency until regulatory concerns are addressed. The Digital Currency is particularly aimed at the estimated 1. 7 billion adults that the world bank claims dont have a bank account. China and india are top of the list. In a bid to convince people that it will be reliable, Facebook Says the currency will be backed by a reserve of assets, and has set up what it says is an independent body to oversee the currency, the libra association. Its 29 members include household names such as uber, visa and vodafone. But Central Banks have already expressed concern. Last week the boss of americas federal reserve, Jerome Powell, said libra raises man
Families can get the tools to be ready for anything. Comcast support csn as Public Service alo with the other Television Providers giving you a frontrue seat to democracy. United health group ceo andrew testified before the Senate Finance committee about impact of cyberattack about change health care, subsidiary of United Health group that his corrupted the payment and claims process for providers, he also apologized for the chaos resulting from the cyberattack, this is about two hours 15 minutes [inaudible conversations] [inaudible conversations] the finance committee will come to order. This morning the finance Committee Examines the change healthcare hack that nearly brought our countrys Health Care System to a standstill six weeks ago. Joining the committee is andrew witty, the ceo of Unitedhealth Group, which owns change healthcare. Ill put things in perspective. Last year, uhg generated 324 billion in revenue, making it the 5th Largest Company in the country. Overall, the company
This is day to every news live from about in indonesia was that a major eruption of a volcano on file they could be in that it will start to use a phrase that looks at the heights that a lot of the tens of thousands of people to leave the area immediately thousands of tourists a struck also on the program. By francis businessman ma i was told not to use the word right in jest so well the cries of im in mosque persecution of this Muslim Minority of a shot of his visit. Generally shocked by increases the pressure on the social democrats to reform that grand coalition the social democrats ought divided about how to respond. Also coming up its official friends are tired of go fight back and mochel and im still not it early next year. To crunch games in germany is but in this league im the comment hoffenheim but it was a difficult not to focus at home again. Thats a ballot. Im forgetting all welcome to the Program Indonesia is warning that a volcano on the tourist island of bali could be ab
A few days ago it was the nasdaq at 7,000 overnight in asia, the nikkei, if you think these numbers have been good here, up by more than 3 . It had been closed for a bank holiday over the last two days so it had some catching up to do right now you can see the hang seng closed up by a half percentage point as did the shanghai if you look at whats been the early trade in some of those european markets that we watch closely, up across the board gains of almost a percent for the dax in germany and the cac in france. Ftse hanging in there. Still in the green with italy and spain, each up by 1 and look at crude oil prices yesterday a rally in crude oil, up by 2. 1 this morning additional gains of 11cents. 61. 74 a barrel for wti big corporate stories of the morning. Tesla is still struggling with production the carmaker releasing Fourth Quarter delivery numbers that fell short of expectations again, pushing back production targets for the model 3. Tesla delivered 1550 units of the highly an