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Transcripts For BBCNEWS Asia 20240702

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economic tsar, mr he. the united states _ economic tsar, mr he. the united states has - economic tsar, mr he. the united states has no - economic tsar, mr he. tie: united states has no desire economic tsar, mr he. tte: united states has no desire to decouple from china. a full separation of our economies would be economically disastrous for both of our countries and for the world. we seek a healthy economic relationship with china that benefits both countries over time. . ., , . ., benefits both countries over time. , ., ., time. her comments come ahead of a potential— time. her comments come ahead of a potential meeting _ time. her comments come ahead of a potential meeting between l of a potential meeting between presidentjoe biden and xi jinping next week. since the leaders of the world's two most powerful nations last met in bali, a lot has changed despite us restrictions on high—tech products of the last few months, us china relations have actually improved. both sides are keen to find more ways to cooperate on economic issues. translation:— cooperate on economic issues. translation: ., ~ ., translation: thank you, madam secreta , translation: thank you, madam secretary. for _ translation: thank you, madam secretary, for your— translation: thank you, madam secretary, for your marks. - translation: thank you, madam secretary, for your marks. it - secretary, for your marks. it would give me great pleasure to meet with you again in the beautiful city of san francisco. it is less than four months since we last met in beijing and we had in—depth discussions on topics of mutual interest. ' ., , ., , interest. the efforts of these two superpowers _ interest. the efforts of these two superpowers to - interest. the efforts of these two superpowers to stabilise | two superpowers to stabilise the relationship comes against an increasingly complicated backdrop, a sputtering global economy and geopolitical tensions in other parts of the world. we also understand that the us and china — the world's top carbon emitters — have reached agreements on a number of ways to tackle climate change. but details have not yet been announced. we'll bring you them as we get it. this all comes as china struggles with a number of economic issues. yesterday, the world's second biggest economy slipped back into deflation, where prices fall. a key measure of foreign investment has also turned negative for the first time since records began 25 years ago. so are tensions between washington and beijing causing foreign investors to pull back? dan wang, chief economist at hang seng bank china, gave me her take on the current state of the chinese economy. the economic sentiment in china is certainly relatively negative at this point. people had high hopes after the reopening but it seems restoring consumer confidence will take much longer. when it comes to investment, we can see it has turned negative for the first time since 1998. this is from a lot of uncertainties from a lot of uncertainties from inside china on the policy—making side as well as the concerns about where the china us relationship is gone. the main driverfor the china us relationship is gone. the main driver for the economy is still the property market. —— the main drag for the economy. -- the main drag for the economy-— -- the main drag for the econom . ~ . , ., ., economy. we have seen the data and heard about _ economy. we have seen the data and heard about the _ economy. we have seen the data and heard about the tensions, i and heard about the tensions, what are business owners thinking? then know there is a slowdown in china, what they want the government to do? so far want the government to do? sr far this year, the policy response is really lacking. there was some hope there bigger the interest rate cut could be more generally targeted instead of certain sectors. there is also more hope that there could have had more help. monetary policy is relatively tight and we don't anticipate any large stimulus plan. the only positive side is that this already moves from the central government to take over some of the local debt and that can anyway stimulate the local demand for infrastructure spending. but there has to be more measures from the government to actually help the consumers to restore their purchasing power.- consumers to restore their purchasing power. what are you exectin: purchasing power. what are you expecting from _ purchasing power. what are you expecting from the _ purchasing power. what are you expecting from the summit - purchasing power. what are you expecting from the summit in i expecting from the summit in san francisco?— san francisco? just increase the communications - san francisco? just increase the communications as - san francisco? just increase the communications as a - san francisco? just increase l the communications as a good sign for investors and international investors. people are not under edition that the relationship is what it was 20 years ago but now people are making more plans for next year and this can be a positive signal, just by the meeting of the two leaders. news corp says it's in advanced talks to strike deals with al companies who use their content. the media conglomerate's chief executive wants ai companies to pay for using its content to train their language models and says it expects this will bring significant revenue to the company. news corp also says it's reviewing its company structure in response to calls from activist shareholders for a restructuring. at the end of this month the un climate change conference, or cop28, gets underway in dubai. representatives from singapore's $380 billion state fund, temasek, will be there — and they see green initiatives in emerging markets as a prime target for investment. but its vice chair of sustainability says things have gone backwards after the pandemic. i think we do need more public finance stimulus. there has been a big response from the private sector and we've been pretty are known initiatives in. there's one thing looking a sustainable debt so you can finance her to finance products, reno energy, things like that across east asia. but we need a lot more public finance to plough then and there's all topic of conversation around out of the multilateral to balance plans put in concessionary capital? so it is an urgent focus on that. staying with green energy and technology — what if i told you that changing the shape of an aeroplane could cut its carbon emissions in half? well, a company called jetzero is promising just that by radically redesigning the shape of aeroplanes as we know them with something called a blended wing body shape — and it's recently received significant funding to help from the us government. my colleague aaron heslehurst met the boss at their headquarters in long beach, california and asked why this was happening now, given the idea has been around for decades. the advent of all composite aircraft is probably the biggest thing. it's a great enabler of this particular shape. so we can build this shape. so we can build this shape which is more efficient, what the world needs right now most is a step change in aviation, and that is exactly what this new airframe can provide. ti what this new airframe can rovide. , ., �* what this new airframe can rovide. ,, �* ., ~ provide. if you're talking about the _ provide. if you're talking about the possibility - provide. if you're talking about the possibility of l provide. if you're talking i about the possibility of 5096 about the possibility of 50% savings in efficiency and fuel burn, i would only imagine, our airlines just burn, i would only imagine, our airlinesjust knocking burn, i would only imagine, our airlines just knocking down your door? airlinesjust knocking down your door?— airlinesjust knocking down our door? ~ , ,., , ., your door? absolutely, we are talkin: your door? absolutely, we are talking to _ your door? absolutely, we are talking to all _ your door? absolutely, we are talking to all the _ your door? absolutely, we are talking to all the major - talking to all the major airlines globally because 50% is, it has been on the table with is unheard of. there used to wring out a percentage point or two so they are absolutely interested in this. i’m or two so they are absolutely interested in this.— interested in this. i'm going to ick interested in this. i'm going to pick up — interested in this. i'm going to pick up the _ interested in this. i'm going to pick up the model - interested in this. i'm going to pick up the model here, | interested in this. i'm going i to pick up the model here, we can see the picture here, 0k, can see the picture here, ok, you have got the windows, so the passengers sit along here and on here and inside the guts of this plane, without a window?— of this plane, without a window? ~ , , .,|] window? absolutely stop i notice only _ window? absolutely stop i notice only early _ window? absolutely stop i notice only early days - window? absolutely stop i notice only early days but | window? absolutely stop i i notice only early days but do we know what sort of passage experience you get bring on board? , , ., ., , ., board? this is going to be a different — board? this is going to be a different shape _ board? this is going to be a different shape of— board? this is going to be a different shape of aircraft i board? this is going to be a i different shape of aircraft and so it's going to, gives us an opportunity to focus on all the improvements that shape enables. so from the front of the aircraft, the windows are basically forward facing all the way to the aft of the aircraft where we can create a more spacious environment. the possibilities are amazing. it possibilities are amazing. it all sounds very promising. this talk about the reality of it. where are we at? he built a prototype, when be in the air? first step, we are working with nasa and the air force to to build a full—scale demonstration, we are entirely focused on demonstrating the capacity for performance with this airframe at full—scale. that's a four—year programme, 2027, we fly that plane. fit, 2027, we fly that plane. a prototype? exactly, - 2027, we fly that plane. a prototype? exactly, thenl prototype? exactly, then certification _ prototype? exactly, then certification and - prototype? exactly, then certification and scale, i prototype? exactly, then . certification and scale, bring it onto the market. that's how you address it. the co—founder of apple, steve wozniak, has suffered what he called a "minor stroke" in mexico city. he was there to speak at the world business forum about the risks of ai, but told us media he experienced dizziness and vertigo and found himself unable to walk. the engineering prodigy, nicknamed woz, founded apple in 1976 with stevejobs, who died in 2011. the thai media company that owns the miss universe pageant has filed for bankruptcy. jkn global group announced the move in a statement to thailand's stock exchange after it missed a deadline to repay bonds worth around $12 million. and that's it for this edition of asia business report. thanks for watching. hey, i'm zof with the catch up. our top story — hundreds of mcdonald's employees say they've seen things like harassment, sexual abuse, racism and bullying after an investigation into how staff are treated. injuly, more than 100 mcdonald's workers told the bbc about a toxic culture. now one group are planning legal action and mps are going to question the company's uk boss. ed was 16 when he started working at mcdonald's and says a senior manager repeatedly asked him for sex. i would get really upset about going into work and i would cry a lot before my shift. the uk boss of mcdonald's says after the first investigation, he immediately ordered measures to address things and says he's completely determined to root out any behaviour that falls below high standards the company demands. the dad of liverpool footballer luis diaz has been released by colombian rebels nearly two weeks after he was abducted in the family's home town in northern colombia. liverpool's bossjurgen klopp says diaz was really happy and the club are delighted by the news. and top gear presenter chris harris says co—host freddie flintoff is healing after his huge crash while filming for the show. the former cricketer was injured last december, but we don't know a lot about what happened. freddie was first seen back in public in september with scars on his face. and time now for ten seconds of a wavy world record. australian surfer laura enever paddled into this huge wave which was over 13 metres high, beating the previous women's record by just a foot. you're all caught up now. see you later. bbc news — bringing you different stories from across the uk. this is dawn, named to mark a new era of uk technology. it's the country's fastest ai supercomputer, and it's housed in a high—security data centre at the university of cambridge. you can barely hear yourself think in here. this is 95 decibels of noise. you have to wear earplugs for safety. but that's the sound of the system which cools this computer. we have 7,000 processors in here performing 19 million million calculations per second. now, that generates a lot of heat. this place is air and waterproofed for energy efficiency. but why do we need it? without the ai capability, science is held back. look at cancer research. cancer has been driven by genomics, huge amounts of data. we just can't process it. with machines like this, researchers can process 100 times more data. so one of the biggest challenges facing us right now is climate change. and we're been struggling in the uk to try to come up with the computing capacity we need to tackle this challenge. we take in huge amounts of data, observations about our planet, things from satellites, from drones, from on the ground sensors. and we pull those together and we look for insights based on neural networks. the government has invested £900 million in this project. this is just phase one. but critics argue it's not enough to keep up with the silicon valley companies. more stories from across the uk, head to the bbc news website. hello, welcome to sportsday with me, hugh ferris. our top stories... nearly two weeks after he was kidnapped in colombia, luis diaz's father arrives home. top of the bundesliga and now the first team through to the europa league knockout stage. life is good for bayer leverkusen. and who knew net run rate would matter quite so much? new zealand's big win over sri lanka all but seals a cricket world cup semifinal place. hello again. welcome along to sportsday. the father of liverpool forward luis diaz has been released by the colombian guerrilla group that kidnapped him 13 days ago. luis manuel diaz has been held by members of the national liberation army since being abducted in his hometown of barrancas. 0ur correspondent natalie pirks reports. cheering weak from his ordeal but in good spirts, manny diaz returned home to a hero's welcome. it had been 13 long days since friends and family had heard his voice. translation: first of all, i want to thank god - for having given me this second chance and for being back home. i want to thank all the people at barrancas, the families, and colombia for the great support

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