Transcripts For BBCNEWS Asia 20240704

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as it could have been, certainly not as restrictive as the rumours suggested it would be when the administration first announced announced it was considering something like this. you know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50% of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. and that is far more narrow than we could've seen because last october, the administration talked about a broader range of industries that were national security sensitive and would require either export controls or some sort of investment restriction, or both. as michelle mentioned, businesses get a say in this — what kind of reaction are you expecting from american companies? well, american companies that have been investing in these will not like this and will push back, and try to seek implementation that is as narrow as possible. it'll be a back—and—forth conversation, i'm sure, and ultimately the administration will do what it thinks is in the best interest of us national security. that is an idea that seems to be more and more broadly defined in recent years to include economic security, which sometimes doesn't seem like it's to at all. —— like it's defined at all. so what the administration ultimately decides needs to be included within the range that it has generally described thus far. it remains to be seen but i would expect them to be fulsome in their report. in other news this morning — disney said its streaming tv service lost over ten million subscribers in the last quarter. its revenue for the third quarter came in at $22.3 billion, just missing estimates. disney said it would raise the price on its ad—free streaming tier in october, and will move to crack down on password—sharing, just like its rival netflix earlier this year. shares in co—working firm wework have shed almost 40% in a day after the company warned that it could go bankrupt. wework citied financial losses, cash needs and a drop in membership. shares in wework are currently trading around 13 cents the softbank backed company has been in turmoil ever since 2019, no thanks to its hefty losses and lapses in corporate governance. over to india now — where the central bank is due to unveil its latest monetary policy decision later today. the inflation rate accelerated injune, with food prices soaring in the last two months. so much so that tomato prices have rocketed — they now cost around ten times more from three months ago. earlier, i spoke to economist radhika rao, who gave her take on how she expected the central bank to move later. i think the rbi will meet a slightly challenging juncture. they had maintained quite a cautious outlook on inflation when they last met injune. and when they meet now, some of that has already played out. food inflation has also picked up food inflation has also picked up in terms of perishables, but also protein sources, as well. so inflation, the next number comes out injuly, it will certainly show that inflation is higher than what they anticipated, as well as a bit above target. so i think they would prefer to keep their cautions on inflation but keep rates on hold. i think they would be ready to act if required, but at this junction they don't see the need to act as yet. one year after a devastating economic crisis brought sri lanka to a standstill, the country is slowly getting back on track. much of the recovery is being generated by tourism — one of the main sources of revenue for the country. archana shukla with this report. the tide has begun to turn in sri lanka. the pristine beaches of arugam bay are again buzzing with surfers waiting to catch the perfect wave. in this town on the eastern coast of sri lanka, the people of the... hitting local businesses hard. and this surfing destination is still picking up the pieces. this man, a surfing instructor, is back to giving daily lessons to tourists. a respite from last year when economic crises forced him into fishing to support his family. he says a full recovery is still distant. due to the price changes, we are struggling a lot. of course we have to put up our prices for surf lessons, we have to put up our prices forsurf lessons, but we have to put up our prices for surf lessons, but we still pay quite a lot of money for the electricity bill and other basic needs.— the electricity bill and other basic needs. ., , w , basic needs. crowded beaches and busy hotels _ basic needs. crowded beaches and busy hotels are _ basic needs. crowded beaches and busy hotels are promising j and busy hotels are promising signs for sri lanka's tourist trade. its biggest foreign currency earner. tourism revenues are up 20% from last year. revenues are up 2096 from last ear. ~ u, revenues are up 2096 from last ear. ~ 2, ., , revenues are up 2096 from last ear. ~ ., , , ., year. when i came last year took arugam _ year. when i came last year took arugam bay, - year. when i came last year took arugam bay, there - year. when i came last year i took arugam bay, there were year. when i came last year . took arugam bay, there were a few shops _ took arugam bay, there were a few shops open, and keep almost no people — few shops open, and keep almost no people. to see the difference now is amazing, so many — difference now is amazing, so many new _ difference now is amazing, so many new places opened up in the bigness is are coming back, and many— the bigness is are coming back, and many tourists are coming back — and many tourists are coming back -- _ and many tourists are coming back. —— and the businesses are coming — back. —— and the businesses are coming back. it's a good atmosphere now.- coming back. it's a good atmosphere now. some of the bi aer atmosphere now. some of the bigger players _ atmosphere now. some of the bigger players are _ atmosphere now. some of the bigger players are more - bigger players are more optimistic about navigating the recovery. optimistic about navigating the recove . . ., y optimistic about navigating the recove . , ., recovery. the recovery so far is uuite recovery. the recovery so far is quite magical _ recovery. the recovery so far is quite magical for - recovery. the recovery so far is quite magical for us. - recovery. the recovery so far is quite magical for us. so i recovery. the recovery so far| is quite magical for us. so the emirates, _ is quite magical for us. so the emirates, the _ is quite magical for us. so the emirates, the qatar, - is quite magical for us. so the emirates, the qatar, india - is quite magical for us. so the emirates, the qatar, india — l emirates, the qatar, india — all these _ emirates, the qatar, india — all these big _ emirates, the qatar, india — all these big carriers - emirates, the qatar, india — all these big carriers are - all these big carriers are coming _ all these big carriers are coming back— all these big carriers are coming back and - all these big carriers are i coming back and increasing their— coming back and increasing their frequencies _ coming back and increasing their frequencies to- coming back and increasing their frequencies to the - their frequencies to the country. _ their frequencies to the country, along - their frequencies to the country, along with - their frequencies to the country, along with sri i their frequencies to the - country, along with sri lanka. however. _ country, along with sri lanka. however. the _ country, along with sri lanka. however, the very _ country, along with sri lanka. however, the very high - country, along with sri lanka. however, the very high cost l country, along with sri lanka. i however, the very high cost of borrowing and emigration of the country's skilled workers, from chefs to housekeeping staff, remains a major worry. i chefs to housekeeping staff, remains a major worry. remains a ma'or worry. i can't see a lot remains a ma'or worry. i can't a lot of — remains a major worry. i can't see a lot of new— remains a major worry. i can't see a lot of new development| see a lot of new development happening. _ see a lot of new development happening, construction- happening, construction happening _ happening, construction happening when - happening, construction happening when the - happening, constructionl happening when the cost happening, construction. happening when the cost of borrowing _ happening when the cost of borrowing comes _ happening when the cost of borrowing comes down - happening when the cost of borrowing comes down —— ij happening when the cost of - borrowing comes down —— i can see _ borrowing comes down —— i can see our— borrowing comes down —— i can see our biggest _ borrowing comes down —— i can see. our biggest losses- borrowing comes down —— i can see. our biggest losses were . borrowing comes down —— i can| see. our biggest losses were in the kitchen. _ see. our biggest losses were in the kitchen, then— see. our biggest losses were in the kitchen, then we _ see. our biggest losses were in the kitchen, then we lost- the kitchen, then we lost engineering _ the kitchen, then we lost engineering staff, - the kitchen, then we lost engineering staff, we - the kitchen, then we lostl engineering staff, we lost financial— engineering staff, we lost financial staff. _ engineering staff, we lost financial staff.— engineering staff, we lost financial staff. many say the crisis has — financial staff. many say the crisis has set _ financial staff. many say the crisis has set the _ financial staff. many say the crisis has set the country . financial staff. many say the i crisis has set the country back by five years, leaving behind significant gaps which will take some time to be filled again. archana shukla, bbc news, arugam bay, sri lanka. soggy weather have hit much of the uk's summer months, so it's no surprise that more are spending on last—minute getaways! katy austin reports. it hasn't exactly been sunbathing weather here in eastbourne. if the wash—out summer has you dreaming of a last—minute escape to somewhere warmer and sunnier, you're not the only one. tour operators and travel agents say they've seen a definite trend as customers seek the sun in the likes of spain, turkey and greece. ~ ., , , ., , greece. we ourselves have seen a 2596 greece. we ourselves have seen a 25% increase _ greece. we ourselves have seen a 2596 increase in _ greece. we ourselves have seen a 2596 increase in last-minute i a 25% increase in last—minute bookings, and that's from pre—pandemic levels. so i think it's a combination of things — the weather obviously is quite a big one, because i think we've seen a big increase since we've seen a big increase since we've been forecasted, we aren't really getting a summer. just round the corner at this hairdresser, the weather, or how to escape it, is a hot topic. how to escape it, is a hot toic. ~ , how to escape it, is a hot toic.. , how to escape it, is a hot toic.~ , ., topic. we just booked a last-minute _ topic. we just booked a last-minute holiday - topic. we just booked a - last-minute holiday because i last—minute holiday because i don't — last—minute holiday because i don't want to book time off for him, _ don't want to book time off for him. me — don't want to book time off for him, me and my family into be raining— him, me and my family into be raining all— him, me and my family into be raining all week. as long as it's hot. _ raining all week. as long as it's hot, good cocktails and food, — it's hot, good cocktails and food, a _ it's hot, good cocktails and food, a bit of a play area for my food, a bit of a play area for nry i— food, a bit of a play area for my i dont— food, a bit of a play area for my i don't mind.— food, a bit of a play area for my i don't mind. looking pretty i for my i don't mind. looking pretty iffy for the _ my i don't mind. looking pretty iffy for the week, _ my i don't mind. looking pretty iffy for the week, our _ iffy for the week, our daughter's off school, so rather than just laying around and being on her phone all day, we decided to do a quick five day trip. a, we decided to do a quick five da tri.�* ., ,�* we decided to do a quick five da tri. ., ,�* ., day trip. a holiday isn't an 0 tion day trip. a holiday isn't an option for _ day trip. a holiday isn't an option for everyone, - day trip. a holiday isn't an - option for everyone, especially during the cost price of flights and hotels is generally up flights and hotels is generally up on last year. and if you can go away, you might find there's not much choice left.— not much choice left. because this ear not much choice left. because this year in — not much choice left. because this year in particular, - not much choice left. because this year in particular, many i this year in particular, many people booked early because they hadn't been away in some cases for three years, there aren't too many last—minute deals of great value, but you can get them if you are flexible, not too fussed about which destination you go to. i also recommend thinking of going in september, october, even november.— going in september, october, even november. that's a trend one travel _ even november. that's a trend one travel agent _ even november. that's a trend one travel agent told _ even november. that's a trend one travel agent told us - even november. that's a trend one travel agent told us is - one travel agent told us is happening. i one travel agent told us is happening-— one travel agent told us is haueninu. ~ , ., happening. i think people have been ut happening. i think people have been put off— happening. i think people have been put off by _ happening. i think people have been put off by the _ happening. i think people have been put off by the cost - happening. i think people have been put off by the cost of- been put off by the cost of holidays in august, because they— holidays in august, because they are _ holidays in august, because they are higher than they have been _ they are higher than they have been in — they are higher than they have been in previous years, but also — been in previous years, but also the _ been in previous years, but also the heat and fires that we've — also the heat and fires that we've seen abroad. so people are waiting until september, and we — are waiting until september, and we are getting a lot of those _ and we are getting a lot of those last—minute requests for then — those last-minute requests for them. ., . those last-minute requests for them. . . ., , them. package holidays, especially _ them. package holidays, especially all-inclusive, | them. package holidays, - especially all-inclusive, have especially all—inclusive, have become very popular as people tried to stick to their budgets. the miserablejuly budgets. the miserable july here budgets. the miserablejuly here may not have been great for uk tourism, but it has provided a boost for international travel after a tough few years. katy austin, bbc news. and that's it for this edition of asia business report. i'll be back thanks for watching. bbc news, bring you different stories from across the uk. things are challenging enough on its own, to ride with eight flat tire today is not making things easier.— flat tire today is not making things easier. adam certainly likes to challenge _ things easier. adam certainly likes to challenge himself - things easier. adam certainly likes to challenge himself to | likes to challenge himself to say the least, but training for his latest fundraising mission is nothing compared to the biggest challenge he faced a few years ago. with a huge abdominal tumour, few years ago. with a huge abdominaltumour, it already abdominal tumour, it already been abdominaltumour, it already been sent for end—of—life care — but a marathon i7 been sent for end—of—life care — but a marathon 17 hour, eight organ transplant saved him. he was only the fourth person in the world to have the procedure. since then with his wife by his side, he's taken on various fundraising adventures around the world — his latest is more local but could be the toughest yet. is more local but could be the toughest yet-— toughest yet. might 'ust have toughest yet. might 'ust have to wheelie * toughest yet. might 'ust have to wheelie at h toughest yet. might 'ust have to wheelie at all_ toughest yet. might 'ust have to wheelie at all the- toughest yet. mightjust have to wheelie at all the way - toughest yet. mightjust have to wheelie at all the way to l to wheelie at all the way to northampton. i saw this little princess bike on the top of a skip, looking sorry for itself, and i thought that would make a great little challenge. so i set the challenge to northampton. i saw this little princess bike on the top of a skip, looking sorry for itself, and i thought that would make a great little challenge. so i set the challenge derived from here down to the cancer research shop in north allerton, around 30 miles somewhere there. we've somewhere there. theory. we've already had _ somewhere there. theory. we've already had proms _ somewhere there. theory. we've already had proms with _ already had proms with punctures and things so it won't be straightforward, and it's really uncomfortable! having just passed the eight year anniversary since his operation, adam found himself backin operation, adam found himself back in hospital with a couple occasions recently. but he's backin occasions recently. but he's back in the saddle and ready to take on the challenge before the end of summer. for more stories from across the uk, head to the bbc news website. hey, i'm dylan — with the catch up! tonight — leaked police data, barbie controversy, and yoga with goats. but first — the rapper tory lanes has been sentenced to ten years in prison for shooting megan thee stallion in the foot after an argument in 2020. he was found guilty in decemeber. next up — the personal details of 10,000 police officers in nothern ireland were accidentally published online. the leak was taken down a few hours later, but people are really angry because, during the 30 years known as the troubles, more than 300 officers were murdered in northern ireland — and for that reason, even today, officers protect their identities. some other stories now — and the eight countries that share the amazon rainforest have agreed to work together to stop the illegal logging of trees. there were hopes the leaders would agree to outlaw deforestation. authorities in lebanon have made a move to ban the barbie movie from cinemas in the country, saying it promotes homosexuality and goes against religious values. more current and former itv employees have told mps about a toxic working culture, including allegations of bullying and discrimination — at daytime shows like this morning. itv said it took the complaints seriously. and remember the mic cardi b launched at a fan last week? well, it's sold on ebay for almost $100,000. the production company who sold it say the profits will go to charity. and finally, i'm going to leave you with ten seconds of goat yoga. if you need a bit of this in your life, get yourself to northumberland where you can perfect your sun salutations in a field full of goats! look at that, it looks like a lovely afternoon. that's it from me — you're all caught up. hello, and welcome to sportsday. i'm tulsen tollett. rangers on the verge of a champions league play off place after defeating servette at ibrox. australia's sam kerr is back from injury at the women's world cup and we go behind the scenes to chart her rise. and ahead of his rearranged bout this weekend, anthonyjoshua gives us his take on boxing and where it currently is. hello there, and welcome to the programme, where we start with football. and the champions league group stages are coming into vision for some teams, with three third round qualifiers played on wednesday. the first leg matches in the qualifier round saw panathanaikos1—0 winners over marseille and maccabi haifa

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