Transcripts For BBCNEWS Asia 20240704

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products like coal and timber, but in not all restrictions have been restricted. some remain on items like lobster and wine. i spoke to clive russell, who explains what's changed between beijing and canberra. the centreleft labor government was replacing the right—wing government. that allowed a reset of relations between beijing and canberra which had been rocky. there had not been benefit for other party from the action china took. it cost china a lot of money to buy coal and barley from other places, so it wasn't really a win for them and it didn't hurt australia as far as australia's miners were able to find alternate markets and didn't suffer that much at all. you said some tariffs remain but there are other sticking points in a relationship so is it possible they could go back to where they were or is a relationship on its way to recovery? china will always have difficulty with human rights and democratic freedoms and things like that. it is well understood by both sides who come from different perspectives and worldviews. the question is can we work with each other and how does that continue? obviously beijing wants canberra to be a little less close to the united states and a little less, the deputy undersheriff and specifically with the americans. australia is happy to trade in a demented path but is mindful of its strong traditional allegiance with the united states that dates back many many years. i think they realise having a trade dispatch does not work. find realise having a trade dispatch does not work.— realise having a trade dispatch does not work. and other news, one of the _ does not work. and other news, one of the world's _ does not work. and other news, one of the world's largest - one of the world's largest companies is due to report its latest anita day and analysts will watch closely to see if the company will report a fall in profits, echoing the trend observed across big tap. that's because we saw fossil fuel prices weekend, but that has been increasing, especially after production cuts by both saudi arabia and russia. we're also looking ahead to a few data points. japan will soon release the rate reading on household spending for the month ofjuly. we'll see if the consumer prices were having an impact. china's economy is in focus on tuesday with trade figures due forjuly. slower global demand has led to a fall in exports injune. midweek will have the latest inflation barometer as china continues to struggle from its post—pandemic rebound. rounding off and inflation will get us reading on thursday. any increase in price growth could pressure the american central bank, the federal reserve, to raise rates in september. earlier, i spoke to tim murray, and he explained what he's expecting. i would expect it to again be slightly lower than expectations. right now, what's positive about inflation in the us is that a lot of it was generated by housing prices. so, shelter is about 40% of the cpi number. we know that's coming now. —— coming down. it actually impacts inflation and the house prices have been coming down or actually flattening for the last 12 months. we also have the jobs data last week that came in cooler than before. what does this mean in terms of the feds's next move? that's a really good question. i think that's one more hike left. i don't know if it will be in september or november. probably one more hike left. but you have to recognise that we will have two more reports before we get to that next decision. we'll also have two more inflation reports, so there's a lot of data yet to come. the one thing i think you can be sure about is that we won't get cuts anytime soon. that's one thing that china has been very clear about. do not expect cuts until 202a. is there will more hike in the cards? probably. i wouldn't expect a whole lot more than that. meanwhile, in the second biggest economy, china, it's a very different picture. post—pandemic recovery slower than expected. we haven't really seen a massive package announced by beijing, so what are you expecting? i think what we'll continue to see is something relatively modest from beijing. i think the important thing to recognise, and this is something that markets have had trouble with, chinese stimulus is not going to be the same way. it will not be the same as 5—10 years ago. it's no longer going to be focused on the market. that's what i would guess. i think they've been very clear that what they would rather do, rather than really worry about specific economic growth targets, they're probably more concerned about where they go, what they call common prosperity, which has to do with notjust having wealth increase, but having wealth be more broadly distributed. i think they'll be focusing on measures that do a betterjob of that. if you pump up the property market, that makes housing less affordable. tim murray speaking to me earlier. summer holidays are in full swing around the world, but many places are facing a labour shortage after the pandemic. places like croatia. the country is looking to asia and its workers to fill the gap. croatia's coast is bigger than ever. a record number of visitors arrived in the first half of this year and this summer is set to break all previous records. that's great news for their economy and around the fifth of its gdp comes from tourism. adopting the euro and border with the schengen area is another burst. one problem. finding staff to serve all the sons acres is becoming a severe issue. there's a real shortage of seasonal workers — locally and in the traditional recruiting grounds of other former yugoslav countries. many businesses are starting to look a lot further afield. staff from places like nepal, bangladesh and the philippines are filling the gaps. taking on workers from outside the region is a new experience for many employers. they're just grateful they can find personnel. translation: they are as lovely people as - anyone we can find here. they come to work, do thejob and we don't have any problems. we are working together like family. it's an opportunity for the workers. wages may be a quarter lower than the eu average, but they're still considered a higher than at home. nepal is not too much giving ofjobs and salary, so we not to feel for our dreams. in croatia, you can— have the same work and earn a much better salary. despite the arrivals from asia, businesses of all kinds are still chronically short—staffed. croatia's unemployment rate is currently lower than it's ever been and employment agencies want the authorities to make it easier to import workers. they are understaffed. everything is about two months ago until we get working licence, when working licence is finished, then we send it to the embassy. the embassy maybe one months, it maybe three months. it depends on what time of year it is. and if it continues to pull the countries like this, workers down like they will need all the workers they can get. if you've been wondering, it might actually happen. i'm talking about elon musk�*s cage match with valuable and mark zuckerberg. zuckerberg said it will be streamed on x, formerly known as twitter. the two heads of social media giants have each other into mixed martial cage fight in las vegas since june. misterzuckerberg cage fight in las vegas since june. mister zuckerberg said he is ready but also asked if the flood should take place on a more reliable platform. that is in reference to problems mr musk�*s site has faced since he took over last year. before we 90, took over last year. before we go, let's check in onjapan�*s nick kay, down by more than half a percent. it'sjust started trading this morning. last week we saw a bit of a sell—off as well after the surprise downgrade the us debt situation. all eyes this week will be all the inflation data we have been telling you out of the united states and china, which would have an impact on the us decision on the race next time. that's it for the program. thank you so much for watching. bbc news — bringing you different stories from across the uk. puppy whines safe and sound asleep. these puppies are lucky to be here. their mum was a stray, rescued from the streets, heavily pregnant, clearly traumatised. when she arrived with us, she was so nervous to the point of she didn't actually walk for the first, i'd say week. she wouldn't stand, she was just so nervous, she wouldn't go anywhere — particularly of men, but with everyone, basically. staff at the rescue centre name the nervous collie rue, and a foster family was found at this farm near helstone, where she could have her litter of seven pups in peace and quiet. things aren't perfect for her, she's definitely still got a long way to go, but coming to a nice quieter environment from being in kennels has been fantastic for her. she's come a long really, really well. and the next stage will be obviously keep feeding, keep growing the puppies, and then, when they're old enough, we will be finding them all homes, and obviously rue as well. but for now, she's really happy here, she's settled well. with tens of thousands of dogs in uk rescue centres, the national animal welfare trust says rue's story is an important reminder to think carefully before getting a pet. for more stories from across the uk, head to the bbc news website. bbc news, bringing you different stories from across the uk. so mason and bastion are both autistic. sebastian is going through a process of adhd as well and mason has a development delay as well. both are still in nappies. for eight years emma has campaigned to get more changing places, toilets built. because poor facilities has often meant leaving home could be a problem. it leaving home could be a problem-— leaving home could be a roblem. , ., ., , problem. it shortened our days so we'd go _ problem. it shortened our days so we'd go out _ problem. it shortened our days so we'd go out and _ problem. it shortened our days so we'd go out and if _ problem. it shortened our days so we'd go out and if one - problem. it shortened our days so we'd go out and if one child | so we'd go out and if one child made a mess would have to come home straightaway.— home straightaway. when she started her— home straightaway. when she started her campaign - home straightaway. when she started her campaign in - home straightaway. when she. started her campaign in norfolk there were just for changing places. there were 'ust for changing laces. ., . , there were 'ust for changing laces. ., ., , ., .,~ places. how many in norfolk now? 24- — places. how many in norfolk now? 24. yes. _ places. how many in norfolk now? 24. yes. more - places. how many in norfolk now? 24. yes. more are - places. how many in norfolk - now? 24. yes. more are coming. there should be 31 in the next couple of years, but still not enough. there will never be enough. there will never be enough until people can go out and not have to think about going somewhere because of the changing places. the going somewhere because of the changing places-— changing places. the issue of facilities for _ changing places. the issue of facilities for people _ facilities for people with disabilities is a big one and now report has highlighted the spending of disabled people, £300 million a yearjust in suffolk. £300 million a year 'ust in suffolk. ~ ., £300 million a year 'ust in suffolk. ~ . ., suffolk. what we are calling for is for — suffolk. what we are calling for is for suffolk _ suffolk. what we are calling for is for suffolk to - suffolk. what we are calling i for is for suffolk to become an exemplar— for is for suffolk to become an exemplar destination for accessibility and inclusion and to do— accessibility and inclusion and to do that we have got to move things— to do that we have got to move things on _ to do that we have got to move things on-_ things on. for more stories from across _ things on. for more stories from across the _ things on. for more stories from across the uk, - things on. for more stories from across the uk, go to i things on. for more stories i from across the uk, go to the bbc news website. hello and welcome to sportsday — i'm hugh ferris. our top stories. over and out: megan rapinoe's dream of further world cup success comes to an end. as sweden book their place in the last 8. penalties too for arsenal but they take advantage and with it the first silverware of the new english football season. and bouncing back: mathieu van der poel recovers from a crash to become world road champion. hello again. for so long the usa have been the dominant force at the women's world cup. but the defending champions suffered their worst ever performance in the competition being knocked out at the last 16 stage by sweden. it finished 0—0 in melbourne after normal time, despite the americans dominating — lindsey horan coming close. the sides couldn't be separated in extra—time either and with the penalty shootout level at 4—4 kelly o'hara missed for the usa. that gave arsenal's lina hurtig the chance to win it. it looked like alyssa naeher had kept it out but the goalline technology stepped in to show the ball had just crossed the line.

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