Transcripts For BBCNEWS Asia 20240702

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to discuss, not least for their ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc�*s james clayton is in san francisco and he's filed this report with the latest. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world's trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world's population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also joe biden ramping up a ban on high—level chips which really hurt the chinese economy. diplomatic tensions between those two countries, but there has been a thawing in recent times and there have been a number of discussions recently. there is no real indication that any high—level agreements had been made here this week, but there are hopes that at least the countries�* militaries between china and america will actually begin speaking again and there may be some announcements around things like artificial intelligence and the prediction of fentanyl. a lot of the fentanyl on the streets of san francisco comes from china through mexico and across the border. so there may be a few things that countries can agree on but there is not much hope from what i can see that there will be any high—level diplomatic agreement here. according to a us congressional reports and export curbs introduced by the biden administration might not be producing their intended effect. the study found chinese companies are still by us gym equipment to make advanced semiconductors. the fighting comes as the us tries to be about how chinese telecom giant huawei could produce advanced chips to power one of the latest smartphones. the meeting between joe latest smartphones. the meeting betweenjoe biden and xi jinping will be closely watched by business leaders. for science the relationship between the two countries is improving. companies will hope the better dispute between them which started in the trump administration et finally ease. earlier i spoke tojohn denton, the head of the world's largest business group international chamber, and he told me why what's happening is so important to businesses around the globe. to put it in context, first, this meeting is taking place in the context of a very large meetings while the apec meeting has been convened in the us, this is actually very important symbolically the fact that the us is engaged at high level and with such emphasis and apec tells you the importance of the asia—pacific economic community. it is a grouping in which you have the us and china and also hong kong and also chinese taipei as it is at the apec setting. you have latin america, asia, the pacific so quite is significant context. let's nevr forget that the asia—pacific economic region which is celebrated through apec is still the most significant driver of global economic growth. so in that context, the fact that these two leaders are meeting is quite significant as well. they did not meet last year at apec, they are meeting this year at apec. there are a couple of things to bear in mind, the timing of this meeting, the apec meeting is very consequential. this is the last significant meeting before the cop 28 process at global level, so this is the last meeting of global leaders before that process. but it is also the last significant meeting of global leaders before what is called the mc 13 which is designed to try and ensure that the wto remains relevant and actually continues to do work. so these are a few things happening at the same time. in the midst of all of this we have a situation where the economic environment between the us and china has fragmented and is no doubt fractured. the reality on the ground is slightly different. we have seen a drift in some business activity, but it takes a long time to unravel what has already been ravelled. because there is actually a lot of interest in maintaining the supply chain linkages between these two markets and also the economic opportunities between these two markets. let's turn the focus to the us economy. the overview consumer price index laid out for october measured overall inflation at 3.2%, down from 3.7% in september. the numbers pumped up investor confidence and put the brakes on fears about further rate hikes by the federal reserve. the bbc�*s reporter reports from new york. investors looked at investment died on tuesday a lot alike. the confidence that stocks rally across all three major indices. the nasdaq closed up more than two percentage points, the dowjones up nearly 1.5% of cinema day floating with a 500 point game. the s&p up with a 500 point game. the s&p up 1.9% that close with all of its actors scanning. that marks the market's first performance on a consumer price index day since last november. treasury yields a dive with the tender your learning around 4.4% from above 4.6% and marking its biggest one—day decline since march. the cpi data boy at investor have the federal reserve is finished raising interest rates. they fed meets again next month and the expectation is they will hold interest rate study. easing price pressure may mean an era of federal reserve rate bikes has drawn a close.— has drawn a close. that's brendan _ has drawn a close. that's brendan moore. - has drawn a close. that's brendan moore. stay - has drawn a close. that's| brendan moore. stay with has drawn a close. that's - brendan moore. stay with the us economy. the house of representatives has passed a temporary spending bill to about a government shutdown. the democrats supported the motion which was put forward by the new republican speaker of the new republican speaker of the house mikejohnson. the stopgap bill continues government funding just until mid—january. many republicans voted against it, completing it did not contain the spending cuts they wanted. the measure will now go to the us senate where it is expected to pass before a deadline on friday. let's go to the uk and the first nuclear plant to be built there in decades. it's called there in decades. it's called the hinkley point b and construction a mammoth undertaking. plus, cleaning up what's left behind. for decades, the two reactors at hinkley point b provided enough electricity to power one and a half million homes in the south—west of england. but last year they were closed down. beneath my feet is the core of the nuclear reactor. for nearly half a century, it was generating huge amounts of electricity, operating at high temperatures and under enormous pressures. but now the reactor�*s been shut down and the highly radioactive contents need to be removed and removed safely. and that's what this machine over here is all about. it's a heavily shielded crane which pulls the old fuel elements out of the core. so the fuel assembly that's being lifted contains eight fuel elements. those fuel elements are highly irradiated and can be lethal. but the whole point of this entire set—up is to make sure that nobody comes anywhere near that fuel. the fuel assemblies are brought down to a special cell where they're taken apart. the radioactive remains are then left in these ponds to cool for several months. they're then placed in special, rugged containers before being driven away into storage. emptying all the fuel will take four years and cost around £1 billion, but that's just the start. afterwards, other work can begin, such as the removal of these huge turbine generators. the reactors themselves won't be dismantled for some 60 years. the waste they've created during their life span will remain in storage. and campaigners say that's reason enough not to build any more nuclear plants. the main lesson we should learn from decommissioning the existing fleet is that we still don't have an answer for what to do with nuclear waste at any scale. and the more highly radioactive waste that are coming from the proposed new plants are going to be even more of a problem. yet, a stone's throw away from hinkley point b, a new nuclear plant is being built. hinkley point c. it's due to start generating infouryears�* time, but one day it too will have to close. and plans for its eventual demolition at the end of the century are already in place. theo leggett, bbc news, hinkley point. and that's it for this edition of asia business report. keep up with the latest news by visiting our website. i am monica mueller. expertjoining us. —— thanks forjoining us. voice-over: bbc, bringing you different stories - from across the uk. the 93 bus service port carlisle and other villages along the beautiful solo coast. the 17 villages between carlisle and these bus services, we have no shops apart from curb right, no post offices, we have very few social places like clubs. they are closed. people in these villages need the bus service. the bus was threatened with closure last year and local people campaigned to save it including the youngest in the community, here at kirkbride primary. community, here at kirkbride rima . ~ ~ community, here at kirkbride rima . ~ . ., community, here at kirkbride rima .~ . ., , ., , primary. we decided to protest and say we _ primary. we decided to protest and say we need _ primary. we decided to protest and say we need that _ primary. we decided to protest and say we need that bus - primary. we decided to protest and say we need that bus stop| and say we need that bus stop and say we need that bus stop and so — and say we need that bus stop and so the bus was saved after local— and so the bus was saved after local councils agreed a £12,000 subsidy — local councils agreed a £12,000 subsid . �* ., , ., subsidy. but the money came to a sto subsidy. but the money came to a step earlier — subsidy. but the money came to a stop earlier this _ subsidy. but the money came to a stop earlier this year. - subsidy. but the money came to a stop earlier this year. so - a stop earlier this year. so will stagecoach perform another manoeuvre to keep the service going? manoeuvre to keep the service auoin ? , . manoeuvre to keep the service oiiin ? , . ., going? the service of the minute unfortunately - going? the service of the minute unfortunately is l going? the service of the l minute unfortunately is not carrying _ minute unfortunately is not carrying enough passages i minute unfortunately is notl carrying enough passages to cover— carrying enough passages to cover its _ carrying enough passages to cover its operating - carrying enough passages to cover its operating costs, i carrying enough passages to cover its operating costs, so we have _ cover its operating costs, so we have agreed _ cover its operating costs, so we have agreed to _ cover its operating costs, so we have agreed to continue i we have agreed to continue operating _ we have agreed to continue operating ii— we have agreed to continue operating it for— we have agreed to continue operating it for the - we have agreed to continue operating it for the time - we have agreed to continue i operating it for the time being but we — operating it for the time being but we are _ operating it for the time being but we are in— operating it for the time being but we are in discussions - operating it for the time being but we are in discussions with| but we are in discussions with a lot— but we are in discussions with a lot of— but we are in discussions with a lot of authority _ but we are in discussions with a lot of authority in _ a lot of authority in cumberland - a lot of authority in cumberland about i a lot of authority in - cumberland about how we a lot of authority in _ cumberland about how we can work _ cumberland about how we can work together _ cumberland about how we can work together to _ cumberland about how we can work together to try _ cumberland about how we can work together to try and - cumberland about how we can work together to try and keep | work together to try and keep that service _ work together to try and keep that service going. _ voice-over: for more - stories from across the uk, head to the bbc news website. hey, i'm zoff with the catch up. tonight, underage delivery riders, a dream careerfor one 26—year—old, and a festival celebrating dogs. first, you might use them to order a takeaway when you get home from a night out or to treat yourself midweek. but a bbc investigation has found a black market trade and delivery app accounts for deliveroo, just eats and uber eats, which allows underage teenagers to sign up as riders. basically, at the moment, riders who sign up to work for these big food delivery apps have to pass background checks and verify their age of 18 or above. but once accepted, they can lend their accounts to another person to work instead of them. and politicians say this needs to change, and deliveroo, uber eats and just eat say they're working with the government to find a solution. next, this is fun, so a youtuber who left his job at the council to play at the computer game football manager full time says he's now doubled his salary. 26—year—old tom kelsey started his youtube channel dedicated to the game whilst he was a student at nottingham trent uni and now he posts around three videos a week and runs his channel from his bedroom at his parents�* house in lincoln. for me to be able to earn that money whilst also being my own boss and having had my own choices and not work for someone else is is the best part of it. it's the freedom that i get from it. and that's what i love. time now for 10 seconds of cute dogs. the day of the dog celebration in nepal happens over five days. rightly so. these adorable dogs are praised and treated for their loyalty and companionship. you're all caught up now. see you later. hello and welcome to sportsday. i'm hugh ferris. our top stories: returning to a country for which her feelings run deep — emma hayes will be the new head coach of the us women's team. the oppression of the heat and being home favourites: how will india cope with their cricket world cup semifinal? and defeat for djokovic in turin as sinner makes it two wins from two at the world tour finals. hello again. welcome along. emma hayes will be the new head coach of the us national women's team, confirming an appointment that appeared likely

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