Transcripts For BBCNEWS Asia 20240703 : comparemela.com

Transcripts For BBCNEWS Asia 20240703

The Asia Business report. Us president has announced 100 the us president has announced 100 million in aid for those displaced by the war in gaza. President biden said he would be asking congress this week for the funding to be folded financial network, saying it has sanctioned two senior members of the armed groups leadership. Up up to 20 trucks. This is been a very blunt negotiation ive had and so, we want to get as many of the trucks out as possible. I guess there are some 150 there. Not all will go. The first tranche, we will see of the second tranche goes. The commitment is if we cross the border the un is going to be on the other side. The other side. Some data cominu the other side. Some data coming in the other side. Some data coming in the the other side. Some data coming in the hour the other side. Some data coming in the hour or the other side. Some data coming in the hour or so l the other side. Some data coming in the hour or so from japan on exports which have grown for the first time in three months in september. It is a sign of demand gripping up on the overseas market but the middle east conflict and slowdown in china continued to cloud the outlook for the worlds Third Largest economy. Exports were up 4. 3 from a earlier largely driven by car shipments. Trade will be on the agenda as leaders from the so called Global South Meet in beijing to discuss president xi jinpings ambitious belt and road initiative. One of the most recent project is the high spirited railway in indonesia but like many china Batch Project is not without controversy. Business correspondent nick marsh tereza sly. Great to have you. Not just this project, it has been a Marquee Project for china . Yes, it certainly has. Xi jinping has been speaking very glowingly all week in beijing about the belt and road initiative, as you might imagine, he was talking about the bri transcending cultures, civilisations, Stages Of Development and the many ways he is talking about projects like this stop whoosh, southeastern asias first high speed rail line, a top speed 350 kilometres per hour, meaning there is no trait outside china that is faster than this. But its not been without controversy like a lot of chinese backed bri projects are so what better way to find out than take a ride for myself . This is the fastest train in all of southeast asia. It is certainly faster than any train in the us or the uk. Right now, im injakarta, and im heading to bandung. If we were driving it will take about three hours, but with whoosh it would take about 45 minutes. This was not supposed to be have built by china. Japan with their famous system whether heavy favourites to win the bed and they said theyd finance the project, with basically 0 interest, but they needed a guarantee from the indonesian government that theyd step in with money if anything went wrong. But china came in with a counteroffer and said we will be this cheaper, quicker, and we dont need any guarantee from indonesian government. But they did want to interest on their loan. Well, indonesia picked china, to many peoples surprise, but in the end of this project is three years late, it is 2 billion over budget and the Interest Rate has gone up to 3. 4 . Oh, and the indonesian government did have to fork out some money in the end. We are in bandung. It was pretty fast, ive got to say, and to be fair, this isnt the First Railway line in the world that is late or over budget. Countries like indonesia are hungry for infrastructure and china can provide that. When it goes well, it is a win win. The problem is that when things dont go according to plan, the risks political, economic, environmental, they do seem to be a bit one sided, but that is simply something that indonesia was willing to accept when it jumped on the bri train. Another thing xijinping another thing xi jinping said this week is when china does well the rest of the world does better. That really is at the heart of the whole belt and road initiative. Lets be clear, these sorts of trains, airports, read around the world would not exist were it not for china and people are very proud here. People are taking self is all around me this morning. In terms of who this will benefit is another question. Ticket prices are really expensive, the indonesian government has admitted even the best Case Scenario it will take decades for this to break even so its a great project on paper, whether it would benefit ordinary indonesians is another question. Mi ordinary indonesians is another cuestion. � question. All right, we will leave it there question. All right, we will leave it there but question. All right, we will leave it there but thank. Question. All right, we will| leave it there but thank you for that report from indonesia. Nick marsh reporting from jakarta. Now to numbers from netflix. The streaming platform now has more than 240 million subscribers, adding 8. 7 million of them just sincejune. The company said a crackdown on password sharing worked but it still needs to raise prices for some of its plans in the us, uk and france. In more news, tesla also reported results for the june to September Quarter with both profit and revenue coming in below expectations. Tesla said it has begun Pilot Production of the cyber truck, with the first deliveries scheduled for november, but owner elon musk says he doesnt expect a significant cash flow from the much anticipated vehicle for some time. The Intelligence Agencies from the uk, us, canada, Australia New Zealand known as the five eyes have issued a rarejoint statement accusing china of using Artificial Intelligence for spinal operations. Comments were made after meetings with private companies in the Us Innovation hub of silicon valley. Our Business Report has been following the story closely. Good to have you back. Give us a sense of understanding this. It is these are first time delegations been made . Are firsttime delegations been made . ,. ,. , made . Long been hearing about the name made . Long been hearing about the Game Changing made . Long been hearing about the Game Changing potential made . Long been hearing about the Game Changing potential of. The Game Changing potential of ai when it comes to Cyber Security and Cyber Threats but for the first time were hearing this simultaneously from the spy chiefs of these five nations as they singled out china and its espionage operations. Whats also interesting here is the location. Silicon valley, the heart of American Innovation tax act are so clearly a warning to the private sector and of course the Worlds Largest tech companies. The statement from the spy chiefs is very clear that china has long been targeting businesses with hacking and Human Intelligence operations and of course businesses focused on Cutting Edge Technology are a prime target for these operations. Whats new here as well is al could be used as an amplifier to really boost the effectiveness of such operations. Effectiveness of such 0 erations. ~. Operations. We will leave it there. Thank operations. We will leave it there. Thank you operations. We will leave it there. Thank you for operations. We will leave it there. Thank you for that l there. Thank you for that report. Amazon is want to start using Drones Deliveries in the uk from next year. Emma simpson has more. You know what its like, waiting for an online order, wondering when the van is going to turn up. But look into the distance. This ones coming by air. In the small town of longford, california, amazon is using drones to deliver packages to customers. This service is coming to the uk, too. Jeff loves it. Its fun. I never thought i would be getting packages delivered to my backyard, so when you order it, so obviously quicker than having to run to the store and getting the stuff. What about the noise . The noise is, its a little loud, but it doesnt disturb me. Mission accepted. We are the first to see Behind The Scenes at amazons launch facility. Here is a parcel going out. It cant be bigger than a shoe box, nor weigh more than five pounds. The rules are strict. Each flight is monitored and there is a human a flying robot that knows exactly where to go. How does it know not to bump into anything . So our sense and avoid technology will observe a threat in the sky or on the ground, make a Course Correction and safely find a path to deliver to customers. Drones are never going to replace vans, but this is a glimpse of the future. Online deliveries in just minutes. And here at this amazon site in seattle, a new drone is being unveiled. Its smaller, its lighter, it travels further, and its most full across pacific. They were full across the Board Afterjapan saw a surprise trade surplus in september. That looks like it is down by 1. 22 . That is all we have you on this edition of Asia Business report. Find more on the bbc news website. Thanks for watching and stay with us. Voice over bringing you different stories from across the uk. 18 year old leone from Merthyr Tydfil has made so many of these bracelets. She has autism and creating the delicate patterns requires intense focus, calming her down after a difficult day. She was diagnosed when she was 11, but it took years to get support. How many times have i cried and not wanted to go . To school . Loads. Mum julie has seen so many lows as leone struggled in mainstream school. Earlier this year, it all got too much, and she tried to take her life. Merthyr tydfil county Borough Council said the school had put in place numerous strategies, interventions, and adjustments to allow this young girl to manage the School Environment and to support her learning. They added that it is recognised by all that there is considerable increased demand in both the Education System and health system, to ensure that support for learners with specific needs is accessed in a timely manner. Leone isnt alone in facing issues. She is more than one of 10,000 people who have signed a petition, calling for the reform of the additional learning needs code. The Welsh Government said equity and inclusion are central to their Education Reforms may have announced £20 it is reported hundreds of people were killed, and hamas blamed israel. Now, israels military say the explosion was caused by a failed rocket launched by a group called palestinian islamichhad. Next, campaigners say under 18s are going to wales for botox and lip fillers. It was banned in england in 2021, but not in wales. Some people want to change that, though. Ruby agrees there should be age limits. Me, two, three years ago, probably wouldnt have cared as much about the future outcome of it as i do now. Some other stories now. Food and drink is getting cheaper, with prices falling for the first time in two years. Of her � Wagatha Christie investigation ahead of a new documentary. Hello and welcome to sportsday. Im mimi fawaz. Now, new zealand continue their winning run at the Cricket World Cup by thrashing afghanistan. Jenni hermoso is named in the spain squad for the First Time Since winning the world cup. The semifinals of the Rugby World Cup are approaching. Well bring you the teams for the huge match between

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