Transcripts For BBCNEWS Asia 20240704

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american steel company and said it's vital that the company remain owned and operated in the states. this is a big deal and notjust politically. and not just politically. nippon and notjust politically. nippon steel is said to pay $14.9 billion to acquire us giant. but politically, this is territory president biden knows too well. he is custom self as a champion of the working class and called themselves the most prounion president in history. he made headlines for walking the picket line with striking order union workers last fall. unionised steelworkers could land the president support in his election bid, the north american lustrous union and for its part, former president donald trump pledged to block the deal if he retakes the white house. the president of the united steelworkers international welcome to the coal from international welcome to the coalfrom biden on international welcome to the coal from biden on thursday, agreeing that foreign ownership will leave the us more honourable when it comes to prioritise on its own defence and infrastructure. it's bound to be a topic of conversation between key allies when japanese prime minister fumio kishida and his wife visit the white house for an official state visit next month. staying with the us, a former treasury secretary steven mnuchin says he is building an investor group to buy tiktok. steven mnuchin told a tv channel that he had spoken to a bunch of people about buying the popular social media company. he however, did not offer details about who may be in the group. tiktok faces an uncertain future in america, the house of�*s passed a bill earlier this week that could ban the app in the us unless chinese owner bytedance sells its stake in the platform. a usjudge has ruled that chinese writer hailing giant dd must face a lawsuit claiming that it had defrauded investors. the cases centred on the $4.4 billion that dd raised during its initial public offering in america in investors allege that it concealed the chinese order to postpone its us listing. until it resolved security and privacy and concerns. shares of the company tumbled after china's cyberspace regulator acted against didi including banning it from registering new customers. diddy announced plans to delist in the us soon after. we've got some news just in an and new home prices in china have fallen by 1.4% in february from the same. in the previous year. the real estate sector makes up roughly a third of the economy and has been in a severe state of crisis. but could there be green shoes? katie silver investigate. china's new home prices have been falling, in the month of january, they dropped three quarters of a percent from the same time a year earlier. it was a steeper stop in almost a year and represents how unconfident people in china are about buying a property. for years, investing in real estate was a fundamental part of the chinese dream, individuals borrow to buy new condos and developers that build these companies also borrowed up big. the government like that, it created jobs, the government like that, it createdjobs, companies the government like that, it created jobs, companies formed to supply these developers and the property sector became a pillar of the country's economic growth. the problem was you had skyscrapers across the country literally built on depth. with a non— civil foundation and the government spying a problem introduced a number of rules aimed at putting it pin on to slowly burst the bubble. known as the three red lines, the general principle articulated by xi jinping was a property is to be lived in, not to be speculated on. the problem was, the pen was perhaps too sharp. the bubble burst and the sector has come crashing down. having contagion impacts across the economy. it is a smaller, regional areas often known as tier 3 orfour regional areas often known as tier 3 or four cities that are feeling at the hardest. loads of new apartments for sale but no—one wanting to buy. in one of them, it would take almost ten years to sell the number of apartments available given current clearance rates. and in something of a policy u—turn, beijing has been ramping up efforts to boost confidence and encourage people to spend, last week, the country's national people's congress was seen as an opportunity to boost morale. and rates have been cut to encourage people to buy, the question though — is will they? katie silver there. in other news, the starship rocket developer, the billy butler must accompany spacex has come close to completing a test flight into space on its third attempt. but it was lasted during its re—entry into earth's atmosphere. spacex hopes are starship will eventually carry astronauts to the moon and beyond. the ungrouped craft performance fast to the previous two flights which both and minutes after launch. starship completed many of its flight objectives in a low orbit round the earth, although it skipped the earth, although it skipped the key schedule attempt to reignite an engine flight. in the cryptocurrency space, bitcoin has had an extraordinary week. it's currently trading at more than $71,000. this came after it hit an all—time high on thursday, and on monday and last week — overtaken highs last seen in november 2021. overtaken highs last seen in november2021. so, is the appetite for risk well and truly back? chief executive and co—founder of hex trust, provider of digital asset services, explained what is driving bitcoin rally.- driving bitcoin rally. we've seen bitcoin's _ driving bitcoin rally. we've seen bitcoin's toppings - driving bitcoin rally. we've. seen bitcoin's toppings 70% seen bitcoin�*s toppings 70% since the beginning of the year and the main reason is for the domestic in us rtx. if we put into the details, there is an astonishing 4% of the total supply and this number is going to increase, it's 94% of the total supply has really been mind, creating this structural imbalance between that. fix, mind, creating this structural imbalance between that. a sign that appetite — imbalance between that. a sign that appetite for _ imbalance between that. a sign that appetite for risk _ imbalance between that. a sign that appetite for risk is - imbalance between that. a sign that appetite for risk is back - that appetite for risk is back for investors?— that appetite for risk is back for investors? absolutely, we talked about _ for investors? absolutely, we talked about a _ for investors? absolutely, we talked about a concept - for investors? absolutely, we talked about a concept of- talked about a concept of perfect alignment starts. uniting the cycle. the main effect was a cleanup of companies a nexus leveraged, the regular toryjurisdictions, who want to lead the effort, and macro economically, the prospect of decreasing interest rates in the us, they were basically more inflation production and less yielding. you mention the term halving of bitcoin earlier, we understand it suspected in april, can help us understand the betterjust in simple terms? us understand the better “ust in simple terms?i in simple terms? basically, every few — in simple terms? basically, every few years, _ in simple terms? basically, every few years, the - in simple terms? basically, every few years, the supply in simple terms? basically, i every few years, the supply of bitcoin decreases and we expect enabled 20th, 2024, the supply will decrease half of that. it means that today, we had 6.25 bitcoin�*s mind every ten minutes, which is 900 btc per day and around 6300 btc per week. after the 20th of april, this number will be halved. so basically, if the current demand is stable, we will have even more imbalance in the structure between demand and supply for bitcoin.— supply for bitcoin. london stock exchange _ supply for bitcoin. london stock exchange said - supply for bitcoin. london stock exchange said it - supply for bitcoin. london stock exchange said it will allow bitcoin to trade later this year, there was a lot of exchange about the mechanism in the us. the need to be regulated or the fact that it's getting more regulated on credit ability?— getting more regulated on credit ability? absolutely. we are in the _ credit ability? absolutely. we are in the face _ credit ability? absolutely. we are in the face where - credit ability? absolutely. we are in the face where we - credit ability? absolutely. wej are in the face where we have jurisdictions that have very strong revelatory framework, particularly us framework for btc is quite solid and reliable. in my opinion, what we are missing today is mainly to aspects in the crypto regulation, the first one is harmonisation of revelation across jurisdictions, harmonisation of revelation acrossjurisdictions, which allows a circulation of digital assets. in the second one is the extension of the current basic frameworks of bitcoin to other areas.— other areas. that was the co-founder _ other areas. that was the co-founder of _ other areas. that was the co-founder of hex - other areas. that was the co-founder of hex trust | other areas. that was the - co-founder of hex trust talking co—founder of hex trust talking about the height of bitcoin reached this week. before we 90, reached this week. before we go, couple of stories to tell you about, france's lower house of parliament has approved a bill designed to make a less attractive for people to buy what is known as fast fashion. if the tenant approves a law, the government says france will become the first country to tackle the environmental and social problems caused by the flood of cheap imported clothes. the measures include tax on low—cost items, particular from tax on low—cost items, particularfrom china, and a partial ban on advertising. critics say the textile industry is responsible for a 10% of greenhouse gas emissions and widespread water pollution. meghan markle, the duchess of sussex, has launched what appears to be the new lifestyle brand, american riviera 0rchard was unveiled on thursday through an instagram account and website containing flu details. meghan markle closed her lifestyle brand when she was engaged to marry prince harry in 2017. she has a bright and several media ventures and stepping back on official duties four years ago. us media reported that the new brand will sell home goods such as kitchen liners as well as foods like jellies. kitchen liners as well as foods likejellies. that's it for the seller, i will see you again in the next one, by for now. —— thatisit the next one, by for now. —— that is it for the sour. small steps, but this is a giant leap forjane fryer. bone cancer meant that part of her pelvis, including an entire hip, to be removed. the operation saved her life but left her with limited mobility. the surgeon said that i would always need crutches or a wheelchair. when he gave us the diagnosis. that's it, lovely. and again. her husband paul had other ideas. a retired salesman with no engineering experience and only a garage to work in, he took on a considerable challenge. what we had to do was try and recreate the human hip, which is an incredibly complexjoint. jane lost all the attachment points where muscles are connected to the skeleton, so what we had to do is create a true exoskeleton. the plan was that the brace would enable jane to walk using just one crutch, but things have gone even better than they had hoped. i can now walk unaided in the brace. it is early days and we are working slowly and methodically, but we are hoping to be able to perfect on this so that i can walk to greater distances unaided, but obviously with the brace on. hey, i'm lola with the catch up. tonight — the glastonbury line—up's out, the most powerful rocket ever, and a baby fox. first, there is big line—up news for those who managed to get their hands on glastonbury tickets. dua lipa, sza and coldplay are all heading to worthy farm, and it's the first time the festival's had two female headliners. this comes after it was criticised last year for not having any. and for coldplay, well, this will be their fifth time headlining. chris martin just can't seem to stay away from the pyramid stage. you could maybe argue that's a little bit boring. but then on the flip side, they are one of the biggest bands in the world and they're known for their live show. they always put on a phenomenal show. other artists like my faves burna boy, peggy gou and olivia dean will also be gracing the world's most famous farm. some other stories now. a 17—year—old boy has admitted to killing 15—year—old elianne andam at a croydon bus stop in south london last year. the teenager, who can't be named because of his age, denied murdering her, but has pleaded guilty to manslaughter. the prosecution haven't accepted the plea and he'll stand trial in november. and for any space fans out there, then this will seriously excite you. elon musk�*s spacex has launched the most powerful rocket ever built into space. you can see the moment it took off here. it was their best launch so far with elon musk commenting on socials that starship will take humanity to mars. but radio contact was lost towards the end of the mission. time now for ten seconds of a woman pretending to be a fox. staff at a wildlife centre in virginia has been wearing a fox mask whilst looking after a baby fox, known as a kit. this is to make sure it doesn't get used to humans. i mean, look at it. it's so cute! you're all caught up now. have a great night. hello and welcome to sportsday. west ham's fine european form continues, while leverkusen's unbeaten run remains, thanks to late europa league drama. we'll look ahead to the final weekend of the six nations with ireland in the driving seat to be crowned champions. and ten birdies in his opening round has world number two rory mcilroy in a share of the lead at the players championship. welcome to the programme. let's start with the europa league, where west ham have comfortably beaten freiburg to reach the last eight of the competition. west ham were 2—0 up at half—time, to take a 2—1 lead on aggregate in the tie, then went on to win 5—0 on the night — mohamed kudus with a brace —

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