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Transcripts For BBCNEWS Asia 20240702

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mehta or earned headwinds in the us and eu that it said could significantly impact its business. still, with investors mostly focused on the health of the digital add market, mehta shares rose on the news. staying with my news coming out of the us, but the trial of sam bingaman freed still in the us — where the trial of sam bankman—fried will resume in new york on thursday, where mr bankman—friend himself will take the stand. the ftx crypto exchange founder faces seven criminal counts, including fraud and money laundering charges, and has pleaded not guilty. our north american business correspondent erin delmore filed this report. we are at the halfway point in the trial. we've heard from the prosecution and now it's the defence team's turned to make their case. i spoke to actor and crypto author ben mckenzie and asked him why mr bankman—fried would want to testify on his own behalf. sam is a gambler, you know? sam has always had a high risk tolerance. so, if there were a defendant to take the stand in his own defence, sam bankman—fried is, you know, high on that list. you told me you felt like sbf and crypto rows together. does that mean they fall together? yes. i don't think that they fall, you know, at the same rate at the same time. there's enough people that want to gamble. there are enough criminals that find it useful, and there is enough sort of real money stuck in there that it's probably going to be around for a while, unless law enforcement really takes severe action, which what i think is really necessary. and you sat down with sam bankman—fried and kept in touch in the months leading up to fdx's collapse. how did he market himself to you? i think he marketed himself to me as a version of his public persona. california wunderkind billionaire philanthropist. however, he had trouble answering basic questions, one of which was, "what does crypto currency do? " give me one thing that it does that can't be done better by other means. and sam sent money overseas, i had just come from el salvador committee in the country and the royalties crypto currency as money, or try to use it, and el salvador�*s economy is heavily reliant on this. it's a quarter of the economy. the government had created this cryptosystem to try to encourage citizens to use crypto currency, and they weren't using it. the marketing of sam bankman—fried and the reality of sam bankman—fried where very different. so how did sam bankman—fried present himself such that everyone was surprised when fdx collapsed? we found out in courtjust last week from his ex—girlfriend that sam was aware that his hair was a selling point, that he was aware of his image, that the disheveled genius was actually a character that he could play. and quite effectively, he is quite a good actor. you know about playing character. i know about playing characters. it's such a bold character to play, if at the end of the day it's not true, most of us would sort of shy away from that sort of exaggeration, if not outright fabrication, but sam really didn't have that... he had a high risk tolerances i guess how the people in finance might mention it. he reallyjust went for broke all times. staying with news in the us, where china's top diplomat wang yi is set to visit on thursday. he is expected to meet us state secretary antony blinken and the us national security adviserjake sullivan. his trip is set against the war in the middle east, but the may also set the stage for a meeting next month between presidents xi jinping and joe biden. earlier, i spoke to rorry daniels from the asia society policy institute think—tank, and she told me there're a few things china could want from the us on this visit. i think what china is asking forfrom the united i think what china is asking for from the united states has a lot of different aspects to it. ithink, you know, in many ways when china is asking from the united states has to do with economic restrictions that the us has put on china's high—tech industry in particular, but i think also china would like to see the us speak about china and talk about china on the global stage in ways that comport more closely with how china sees its own image. it sees itself as a leader of developing countries commit wants to have respect in that status, anything that the way that the us has talked about china as a rule breaker, as a challenge to the rules —based order is something that china really bristles at and would like to see change. one of the biggest flashpoints between washington and beijing is the ongoing chips battle. just this week, for example, american tech firm nvidia said it was told by officials to stop shipping its high—end artificial intelligence chips to china. but because of the high global demand for those chips, the restrictions will have muted impact for nvidia for now. that's according to stacy rasgon, a semiconductor analyst at bernstein research. well, again, only that one being impacted so much right now is that in. they have products in theory that will be caught up in this, but they are not selling any of the many ways, such at this point it's not contacting them, and from the anklet inside, they sigh several billion dollars of revenue impact for master. the new ones are more incremental, they are more clarifying in some sense on what those restrictions wear. it's not a lot that is in addition to what we saw before. so there's not a lot of incremental impact on the equipment vendors. nvidia, this will impact their sales into china. it is not hurting them for not because their overall demand for artificial intelligence is so strong globally that they can backfill the demand. now, a special report on millets: a gluten free grain that india has been working hard to put on the global map. they found their way onto the menu too when global leaders met in delhi for the recent 620 summit. nikhil inamdar reports on whether india can whet the world's appetite while trying to bring about this so—called millet revolution. the hardy humble millet, once a staple in indian cuisine, now pushed to the sidelines as grains like rice and wheat take centre stage in the indian diet. india is at the forefront of popularising millets. but a big government campaign is helping millets make a slow come back. often in a modern form. this startup is trying to popularise millets to urban consumers. there's been a big spike in business last year says its co—founder. so do people really know how to cook with millets? no, not really. especially in the north of india. people are not aware how to cook millets. so to bring about that awareness, we have created a lot of youtube videos. and over the last 6—8 months, with that and the promotion of our prime minister, you can see that our sales have multiplied three times to four times now. the resurgence of millets in the national conversation is also leading to farmers like this man betting big on these grains. for generations, his family cultivated on the ground nuts. ——for generations, his family cultivated only ground nuts. at this year, he is growing ground top millets on his entire six acre plot of land. translation: it is a crop that requires less investment to grow then ground nuts. also demand for millets has gone up right now. it's not difficult to see why the government is making such a hard pitch for millets. these ancient grains are far healthier than rice and wheat and they are also more climate friendly. millets grow in hot air and climactic conditions like these, and they also use up far less water than either barley or wheat. the government is also hoping this can help address the challenge of malnutrition. but right now, millets production pails and production to wheat. low supply answering demand has led to prices shooting up, and switching to millets at scale will be a challenge. to make millets more accessible to people, government should distribute through federation shops. it should be affordable. today, it is two or three more times costlier than rice or wheat. for prices to come down, acreage needs to go up substantially. this has begun to happen, but mainstreaming the grain will be a long haul. back at neck and update coming in the us watching that visit of the national security adviser meeting on the 27th of october. that is a critical meeting that we will be looking out for. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories| from across the uk. this woman manages bridgend council's safeguarding hub, where social services, police, education and health come together to deal with calls asking for support or expressing concern about children. she, along with colleagues, have to ensure that their responses are safe and appropriate. i love myjob. i want to do a good job. yeah, it's... yeah, it's not lost on me, the sense of responsibility that comes with being a group managerfor safeguarding. bbc wales research shows that that responsibility has increased across wales. the number of contacts into children's services increased in all but three of 20 councils compared with last year. what we've had to do as a local authority is significantly increase our workforce, particularly our workforce in the front door and through into our locality teams. but that comes at a cost — bridgend children's services overspent by seven and a half million pounds this year alone. the deputy minister for social services met councillors to hear their concerns about the pressures on care. the welsh government added that they'd continue to work closely with partners on the challenges that services face. for more stories from across the uk, head l to the bbc news website. this is the catch up. tonight struggles of the gcse resets because some concerns. and game of thrones trees under threat. first a police officer who blackmailed and threatened girls into sending sexually explicit photos of themselves on snapchat have been jailed for life. lewis edwards from south wales messaged 210 girls aged between ten and 16 over more than two years. police found thousands of indecent images. snapchat said sexual exportation of young people is a priority and they work to prevent abuse. similar stories now. —— some other stories now. hospitals in gaza say they are stopping our big emergency services as fuel runs out. the united nation's says its work will start if it doesn't get supplies. israel accuses hamas of stockpiling. expanding classes and exam halls to cope with more pupils having to sit their gcses. a high proportion of students failed their exams. the government says it is investing in colleges. and japan has ruled it is unconstitutional to force people to be sterilised before they can officially change gender. a 2004 law said people can only change their gender if it cannot have children. time to leave you with ten seconds of trees because these trees in county antrim which were made famous by game of thrones, now may have to becut down because they are in such a bad state. you are all caught up. goodbye for now. hello and welcome to sportsday — i'm tulsen tollett. three goals, three points and 3 wins in a row for holders manchester city in the champions league, but newcastle's unbeaten start is over. glenn maxwell creates world cup history with a stunning innings as australia thrash the netherlands at the cricket world cup. and there's a double retirement in british rugby as ben youngs waves goodbye to england and leigh halfpenny says farewell to wales. welcome to the programme, lots to get through, but we start with the champions league where the group stages have reached the halfway point — and the current holders look like they're the team to beat. manchester city have maintained their 100 per cent record in the group stages — making it three wins from three after beating young boys 3—i. manuel akanji put city ahead before young boys equalised with a brilliant finish from meschack elia but a penalty and a late strike from erling haaland meant city take home all three points. they're also three points clear of rb leipzig who beat red star belgrade 3—i. newcastle's unbeaten start to the tournament is over. they went down 1—0 to borussia dortmund — felix nmecha with the goal. newcastle were unfortunate not to get a point late on — as they hit the posts twice. defeat leaves them 3rd in the group after psg

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