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Transcripts For BBCNEWS Asia 20240702

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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. her comments come ahead of a potential meeting between presidentjoe biden and xijinping 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 over the last few months, us—china relations have actually improved. both sides are keen to find more ways to cooperate on economic issues. translation: thank you, madam secretary, for your remarks. - 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. the efforts of these two superpowers to stabilise their 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 still at this point. people had high hope after the reopening but since that, investor confidence and consumer confidence will take much longer. when it comes to the investment, we can see it has turned negative for the first time since 1998. this has suggested a lot of uncertainties from inside china on the policy—making side as well as the concerns about where china us relationship is going. the main drag for the economy is in the property market and we expect this kind of drug will last for a few more years. of drug will last for a few more yew-— of drug will last for a few more years. of drug will last for a few more ears. ~ . , more years. we have seen the data, more years. we have seen the data. heard — more years. we have seen the data, heard about _ more years. we have seen the data, heard about the - more years. we have seen the. data, heard about the tensions, what are business owners thinking? they know there is a slowdown in china, what are they when the government to do so far, the policy response from the monetary side is lacking. there were some of the interest rate cut could be more generally targeted instead of certain sectors. there are also more hope that the private sector could have got more help but suffer monetary policy is relatively tight and we don't anticipate any large extremist plan. the only positive side from the central authority is that this already moves for the central government to take over some of the local debt, and that can anyway stimulate the local demand for infrastructure spending. it is held —— but there has to be more encouragement for the government to actually help 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?— expecting from the summit in san francisco? just to increase the channel — san francisco? just to increase the channel of _ san francisco? just to increase i the channel of communications as a good sign for domestic investors and international investors. people are not under the illusion that bilateral relation will go back to what it was 20 years ago but now people are making plans for next year and this can be a positive signal just next year and this can be a positive signaljust 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 financing. you can see there has been a big response in the private sector and we've been putting are known initiatives in, one we have got the collaboration with hsbc which is looking at providing sustainable debt so you can finance her to finance projects, like renewable projects, like renewable projects, but we need a lot more public funds to flow in and this whole topic of conversation around blended finance, had the multilateral development 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 idea of the all composite aircraft west of the material? is a great enabler of this particular shape. 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. if exactly what this new airframe can provide-— can provide. if you're talking about the — can provide. if you're talking about the possibility - can provide. if you're talking about the possibility of - can provide. if you're talking about the possibility of 50%| about the possibility of 50% savings in efficiency and fuel burn, i wouldn't imagine, are airlines just knocking down your door? airlinesjust knocking down your door?— airlinesjust knocking down our door? ~ ,,., , �* your door? absolutely, we're talkin: your door? absolutely, we're talking to _ your door? absolutely, we're talking to all _ your door? absolutely, we're talking to all the _ your door? absolutely, we're talking to all the major - talking to all the major airlines globally because 50% is just, it hasn't been on the table. there used to ring out a percentage point or two based on their configuration so they are absolutely interested this. without damaging it commandment to pick up the model. we can see the picture here, 0k, to pick up the model. we can see the picture here, ok, you have got the windows, so what, the passengers sit along here and along here and inside the guts of this plane? without a window obviously.— window obviously. exactly ri . ht. window obviously. exactly right- to _ window obviously. exactly right. to have _ window obviously. exactly right. to have any - window obviously. exactly right. to have any idea i window obviously. exactly i right. to have any idea what sort of passenger _ right. to have any idea what| sort of passenger experience you will get being on board? yes, this is going to be a different shape of aircraft, 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, let's talk about the reality. where are we at? build a prototype, when will it be in the air? , , , ., the air? first step, we are working — the air? first step, we are working with _ the air? first step, we are working with nasa - the air? first step, we are working with nasa and - the air? first step, we arej working with nasa and the the air? first step, we are i working with nasa and the air force 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 more we fly that plane. and then certification and scale to manufacturing. bring it to 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 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. clocking up the training kilometres on cornwall�*s north coast, this 37—year—old mum is about to take on her latest ultrarunning challenge. try and find as many hills as i can and as much of every terrain as i can. and ijust, yes, find the most beautiful places in cornwall to run. julia is from a family of runners, but it was only when she started fundraising for a hospice that cared for her grandad that she really got the bug. i trained for my first marathon and just realised i loved it and i actually really liked running long. so it was about five years ago that i entered my first trail race, like my first ultra, and from there it's just grown and grown and i love seeing what new things i can push into. believe it or not, 80 to 100 kilometres is her ideal distance. apparently you can still run quite fast. and she represented great britain in the world championships in austria in the summer. so 6,500 metres of climbing and some amazingly beautiful mountains. it was so, so hard. i think the hardest race i've ever done. but it was probably the best, like the best feeling to finish, because not only was i in the great britain vest, but my son was at the finish and my mum and dad came and my sister was there as well. it wasjust magic. 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 of barrancas, the families, and colombia for the great support they have given my family.

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