Transcripts For BBCNEWS Asia 20240702

Card image cap



will be key, but export curbs on onions is not the first one. we have seen the government take this road for rice and wheat earlier this year, and prices did come down in the domestic market after the export curbs were announced in the same happened with onions. wholesale market prices have actually been seen coming down, so that is really in the focus because despite the growth story that india portrays where we have seen multiple people updating their growth numbers in the coming months, inflation is still a sticky point and it was the reason why the central bank last friday kept the key interest rates unchanged on the higher side, showing its concern on rising food prices. onions are so important to indian cooking, aren't they? and we have seen some reaction from the producers of onions, those farmers blocking the highway. what has the response been otherwise? at been otherwise? at the moment, onions, been otherwise? at the moment, onions. which _ been otherwise? at the moment, onions, which is _ been otherwise? at the moment, onions, which is certainly - been otherwise? at the moment, onions, which is certainly a - onions, which is certainly a kitchen staple across all households in india, it is still coming as part of the grocery bills for most households people can still largely afforded. at if prices go further up, there could be a public uproar and the government really wants to manage that at a time when prices for other spices and kitchen staples is also going up. i was reading a report that said prices of chicken has actually come down but everything else that goes into the curry, but it is potatoes, tomatoes, garlic, all of it has become expensive, and that could be a key trigger point before the election and the government is key. exporters and farmers are not happy because they cannot reap the benefits of higher prices. some of them are even thinking of reaching the courts to reverse this. , , , , this. out in the business correspondence - this. out in the business correspondence on - this. out in the business correspondence on thatl this. out in the business - correspondence on that onion export ban. in other news making headlines this morning, tiktok will invest $1.5 billion in indonesia's biggest tech firm. thejoint venture in indonesia's biggest tech firm. the joint venture will allow tiktok�*s online shopping service to resume business after it was suspended in october to comply with the country's new regulations. those regulations were aimed at protecting local businesses. to latin america. javier miliei has been sworn in as argentina's new president. in his inaugural speech, the libertarian economists and shock treatment is needed to jolt the country out of an economic crisis with inflation heading towards 200%. on the campaign trail, he also included plans to shake up its relationship with china, saying he "won't deal with communists." the chinese foreign ministry is warning it would be a serious mistake for argentina to cut ties with the country. rebecca ray, a senior researcher with the global china initiative at boston university says it's hard to break ties with the world's second—largest economy. president miliei may not do business with communists but his farmers are happy to do so. it's important to bear in mind that while miliei came to power on a china—sceptic platform, he also came to power on a pro—business platform. and one of argentina's most important business sectors creating the largest number of exports bringing in the largest amount of dollars is agriculture, and where do those crops go? brazil, the eu and china. there is simply no practical way to cut ties with any of those, argentina's trading partners any more than brazil or chile or any of its south american neighbours could do. what do you see happening now that he is in office? if you would like to think about an example that might repeat itself, just look to the north, in brazil. when president bolsonaro took power in 2019, he also came to power on a china sceptic, pro—business platform and while official lending paused during his time, trade and investment continue to grow to record levels. i would expect to see exactly the same thing happen in argentina between trade and agriculture, and investment in lithium, lithium batteries and electric vehicles, there's simply too much progress and too much momentum for breaking to be in anyone's interest at this point. rebecca on argentina — china relations there. nvidia plans without a base in vietnam to develop the country by semiconductor industry. vietnam is already in the chip business with intel but it is trying to expand as trade tensions between the us and china create opportunities. our business reporter david weddell has the details. nvidia is one of the top semiconductor manufacturers. it is a us california based company that was founded 30 years ago. this man was one of the three founders. it is now the company ceo and has been in his first ever visit to the southeast asian country. in meetings with the vietnamese government he told them he regards vietnam as a home for nvidia, a place for attracting global talent. the company is orally invested $250 million there. on monday was expected to discuss deals with vietnamese tech companies and government authorities. the trade tensions between the united states and china have made other countries attractive destinations for chip design and manufacture. yet now is orally hosted the biggest ship assembly factory. this is a good mark the beginning of any relationship to laura another big producer into the country. let's take a look at what is coming up this week. on tuesday, the us is scheduled to release inflation numbers for november. the cost of living showed signs of easing in october about data in the past month shows americans are still spending money and inflation remains well above the central bank to present targets. the next day the federal reserve holds its two—day meeting, this last one for the year. the us central bank has raised interest rates a whopping 11 times since early 2022 as it tries to curb inflation. rounding off the week is a slew of economic data out of china. they include industrial production numbers, house prices and unemployment data, all for the month of november. china has been facing an economic slump even after fully opening its borders earlier this year, including high youth unemployment and low domestic consumption. our reporterfrom consumption. our reporter from jtc consumption. our reporterfrom jtc says analysts are keeping close watch on what the fed has to say. close watch on what the fed has to sa . ~ ., ., , to say. we have to remember that a ready _ to say. we have to remember that a ready november - to say. we have to remember that a ready november and i that a ready november and december has been anything but seasonal low for financial markets. we have a rollercoaster over the past couple of months because with or inflation ease all the way to 3% as early asjune 2023, which is a significant decline from the highs of 9% just one year earlier. since then, it has gone a little bit up—and—down and now we're are starting to go back towards 3%. that is what we expect. the main event is going to be the federal reserve which is the us central bank interest rate decision and that is because we had a tug of war between the european central back in the us federal reserve expectations. there has been a shift in financial markets, dynamics over the past couple of weeks. there was a distinct possibility just last there was a distinct possibilityjust last month that the fed might move in december, that has completely evaporated. some guidance on whether they uses policy and whether they uses policy and whether it could be any time before the summer months. what before the summer months. what are ou before the summer months. what are you most _ before the summer months. what are you most concerned _ before the summer months. what are you most concerned about at this time of year? is it the us interest rate or china's lowdown? it interest rate or china's lowdown?— interest rate or china's lowdown? , ., ., . ., lowdown? it is a global central bank policy — lowdown? it is a global central bank policy because _ lowdown? it is a global central bank policy because we - lowdown? it is a global central bank policy because we have l lowdown? it is a global central. bank policy because we have had such a significant shift. november was the best month on globalfinancial november was the best month on global financial markets in three years. based on the expectations, it will be the fed us central bank that would lead the pack to cut interest rates first result of the gdp figures came out, we had a lot of concerning domestic science from some spokespeople that suggest they will slow down. we haven't seen that in data but we had a moment where the european central bank has seen its eu inflation data come in towards the slowest 2.5, 2.6%, which is very close to the central bank target. that is why the market is shifting momentum, and now we are thinking that maybe we might have a left—field move here and it will be the european central bank that will cut interest rates first next year, which is why we are seeing such a shift in dynamics. why we are seeing such a shift in dynamics— in dynamics. that is all the time we — in dynamics. that is all the time we have _ in dynamics. that is all the time we have for— in dynamics. that is all the time we have for our- in dynamics. that is all the time we have for our asia | time we have for our asia business report. thank you for watching. voiceover: bbc news, bringing you different stories from across the uk. i hate to say it but i do think that— i hate to say it but i do think that if— i hate to say it but i do think that if i_ i hate to say it but i do think that if i had lost my life, i feel— that if i had lost my life, i feel like _ that if i had lost my life, i feel like more would have been done _ feel like more would have been done. �* . ., , ., done. alex fletcher was in a coma done. alex fletcher was in a come for— done. alex fletcher was in a coma for five _ done. alex fletcher was in a coma for five days _ done. alex fletcher was in a coma for five days after - coma for five days after colliding with a concrete wall. he had to learn how to walk again. but his battle now is with the sport's authorities over the safety of players. molar over the safety of players. now that i've recovered _ over the safety of players. now that i've recovered and - over the safety of players. now that i've recovered and got back— that i've recovered and got back on_ that i've recovered and got back on the pitch, i feel like it has— back on the pitch, i feel like it has been swept under the carpet _ it has been swept under the caret. �* ., , ., ., carpet. all grounds have to com -l carpet. all grounds have to comply with _ carpet. all grounds have to comply with safety - carpet. all grounds have to i comply with safety regulations regarding the distance between the edge of the pitch and the stands. alec believes that is not enough stop i think it is quite hard to disagree with somebody saying, would you put a brick wall at the end of a 100 metres track? i a brick wall at the end of a 100 metres track?- a brick wall at the end of a 100 metres track? i think we can all agree _ 100 metres track? i think we can all agree that _ 100 metres track? i think we can all agree that that - 100 metres track? i think we can all agree that that isn't l 100 metres track? i think we can all agree that that isn't a wise — can all agree that that isn't a wise idea _ can all agree that that isn't a wise idea that it is a effectively what is happening. it is effectively what is happening. it is now— effectively what is happening. it is now working with the players union, the pfa, to talk to footballers around the country about their brain health. alex is back playing again. he scored on his debut for western but he says he couldn't have made it without the support of everyone at bath city and the wider football world. . ~ , city and the wider football world. ., ~ , world. thankfully, as you said, 13 months _ world. thankfully, as you said, 13 months down _ world. thankfully, as you said, 13 months down the _ world. thankfully, as you said, 13 months down the line - world. thankfully, as you said, 13 months down the line i - world. thankfully, as you said, 13 months down the line i am | 13 months down the line i am much — 13 months down the line i am much more like the person that i much more like the person that i knew— much more like the person that i knew before, which is really good — for more stories from across the uk, head to the bbc news website. the first ever haricot beans grown in the uk tinned during a trial at a spalding factory. they're delivered to us in the dry format and we have to rehydrate them. then, the next process is fill these into the can. we will then add the tomato sauce and spices. what spices? the spices — no. the spices are unique to us and they are a trade secret. but what do the great british public think? what do you think? yeah, all right. what do they taste like? normal beans. i think they're 0k! would it make you buy them more? i would buy that, yes. to be honest, they're better than heinz. really nice. do they? mmm! do they taste any different? the seeds for these beans took 12 years to develop by scientists at the university of warwick. their main aim — to make them exactly the same as what shoppers expect. we're always trying to grow new things and trying to do things to save on food mileage and to save on imports because we're importing too much food. and to be able to produce something that we consume in such great quantities in this country, it's just unbelievable. it could take years to replace the entire supply chain from canada and china but today marks the start of a journey to self—sufficiency. hello and welcome to sportsday. i'm karthi gnanasegaram. here's what's coming up on the show. back on track: manchester city's winless run comes to an end as they come from behind to beat luton town. the wsl title race hots up as arsenal have an emphatic win over hayes' champions chelsea. and lessons to learn as england lose the game but still win the t20 series against india. hello and welcome to the programme. we start with the premier league, where manchester city brought their run of four games without a win to an end after coming from behind to win 2—1 at luton. city were without the league's top striker erling haaland, who was missing with a foot injury, and the home side took advantage at the end of the first half. elijah adebayo heading home, to put luton on course for what could have been one of the big upsets of the season. but not to be in the end as city came out and delivered in the second half. bernardo silva and jack grealish with the goals for the victory, which ends pep guardiola's streak of four league matches without a win. they're still fourth, two points behind aston villa. luton stay in the bottom three. it is a challenge.

Related Keywords

Onions , Government , Prices , Farmers , Highway , India , Export , Weekend , Let S Asia Business Report , Bid , Protest , Hundreds , Band , More , Business Correspondence , Story , Let S Go To Mumbai , Onion Prices , Inflation , Kitchen , Focus , Food Inflation , Kitchen Staples , Elections , Check , One , Domestic Market , Road , Wheat , Price , People , Growth Story , Market Prices , Curbs , Central Bank , Interest Rates , Point , Growth Numbers , Side , Reason , Food Prices , Response , Producers , Reaction , Aren T , Indian Cooking , Concern , Households , Kitchen Staple , Part , Grocery Bills , Spices , Report , Uproar , Chicken , Wall , Trigger Point , Potatoes , Tomatoes , Election , Everything , Garlic , Curry , On This , On Thatl This , Exporters , Some , This , Courts , News Making , Benefits , Onion Export Ban , Tiktok , Business , Joint Venture , Morning , Biggest Tech Firm , Indonesia , Thejoint Venture , 3 5 Billion , 1 5 Billion , Country , Javier Miliei , Argentina , Regulations , Businesses , Latin America , President , Campaign Trail , Shock Treatment , Crisis , Speech , Libertarian Economists , 200 , China , Relationship , Plans , Mistake , Won T Deal With Communists , Foreign Ministry , World , Ties , Rebecca Ray , Economy , Communists , Boston University , Global China Initiative , Platform , Mind , Business Sectors , China Sceptic Platform , Agriculture , Way , Exports , Number , Eu , Amount , Crops , Brazil , Trading , Many , Chile , Neighbours , Office , South American , Trade , Example , Bolsonaro , Investment , Power , North , Lending , China Sceptic , 2019 , Lithium , Thing , Batteries , Vehicles , Levels , Nvidia , Momentum , Argentina China Relations , Interest , Progress , Anyone , Us , Vietnam , David Weddell , Trade Tensions , Chip Business , Base , Intel , Semiconductor Industry , Opportunities , Company , Semiconductor Manufacturers , Oman , Details , Founders , California , 30 , Three , Ceo , Home , Meetings , Place , Talent , Southeast Asian , 50 Million , 250 Million , Countries , Authorities , There , Deals , Vietnamese Tech Companies , On Monday , Mark , Producer , Look , Ship Assembly Factory , Manufacture , Beginning , Chip Design , Destinations , Laura , Data , On Tuesday , Inflation Numbers , Americans , Easing , Signs , Money , The Cost Of Living , Reserve , Times , Meeting , Targets , Two , 2022 , 11 , House Prices , Production Numbers , Month Of November , Slew , Unemployment , Slump , Borders , Reporter , Consumption , Reporterfrom Consumption , Youth Unemployment , Fed , Analysts , Jtc Consumption , Reporterfrom Jtc , Markets , November , Anything , Low , Rollercoaster , Fed Has To Sa , Say , Decline , Highs , 9 , 3 , 2023 , Expectations , Tug Of War , Event , Central Back , Interest Rate Decision , Dynamics , Shift , Possibility , Possibilityjust , Guidance , Policy , Lowdown , Interest Rate , It Interest Rate , Bank Policy , Global Central , Policy Lowdown , Globalfinancial November , Result , Domestic Science , Gdp Figures , Spokespeople , Lot , Pack , European Central Bank , Inflation Data , We Haven T , 02 5 , 2 6 , Market , Target , Move , Asia , Alex Fletcher , Feel , Life , Uk , Bbc News , Stories , Voiceover , Safety , Back , Coma , Players , Pitch , Battle , Sport , Colliding , Molar , Five , Carpet , Grounds , Safety Regulations , Caret , Distance , Edge , Stands , Com L , Alec , Idea , The End , Footballers , Isn T A , Isn T A Wise , Isn T L , Pfa , Union , Somebody Saying , Brick Wall , Ia Brick Wall , 100 , Football World , City , Support , Everyone , Brain Health , Debut , Western , Couldn T , Bath City , 13 , Line , Person , Website , Beans , Tinned , Process , Can , Trial , Format , Tomato Sauce , Spalding Factory , Public , Trade Secret , Scientists , Same , Seeds , Aim , University Of Warwick , Yes , 0k , 12 , Things , Food , Food Mileage , Imports , Shoppers , Something , Quantities , Supply Chain , Canada , Journey To Self Sufficiency , End , Manchester City , Hello , Behind , Show , Track , Wsl Title Race , Winless Run , Sportsday , Karthi Gnanasegaram , Luton Town , Win , Chelsea , Game , T20 , Series , Lessons , Hayes , Arsenal , England , Erling Haaland , Premier League , Run , Programme , Games , The League , 1 , Four , 2 , Half , Course , Advantage , Injury , Upsets , Season , Elijah Adebayo , Points , League , Victory , Goals , Stay , Streak , Pep Guardiola , Bernardo Silva , Jack Grealish , Aston Villa , Challenge ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.