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tv   Asia Business Report  BBC News  January 18, 2019 1:30am-1:45am GMT

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but was unhurt. it happened near to queen elizabeth's sandringham estate. buckingham palace said prince philip was driving a range rover and that the vehicle landed on its side. a witness said the 97—year—old duke was very shaken. a senior north korean negotiator has arrived in the us as the two sides try to arrange a second summit between kim jong—un and donald trump. he's reportedly carrying a letter from the north korean leader to mr trump. and this story is trending on bbc.com: divers in hawaii have swum with a huge great white shark. at nearly six metres long and weighing an estimated 2.5 tons, the shark is believed to be a 50—year—old female called deep blue. rather it then family. —— rather them than me. that's all. stay with bbc world news. 1:5%5!:.l15.7— 9.7553; 2.44552. 44's; . ———~—~—— on the brexit stalemate,
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despite'their—leaderjeremy cmtryn‘se instructions not to engage. now on bbc news, live to singapore for asia business report. ghosn‘s renault future, the french carmaker confirms it is considering replacing the boss before board meeting this weekend. more reaction, wall street talks easing over talks wall. street talks easing aetelk—t ,. ~ ~ , , , sieazéw ., , wall. street talks easing aetelk—t ,. ~ ~ , , , like? the wall. street talks easing aetelk—t ,. ~ ~ , , , biéafi the us wall. street talks easing aetelk—t ,. ~ ~ , , , 53“? the us and china. washington between the us and china. washington denies the report. - morning, denies the report. good morning, hello, afi it is denies the report. good morning, hello, “:"5 it is the §§i§ héllfi fififlfl lffléé'fifigfié‘ 3&5. héllfi fififlfl lffléé'fifigfié‘ iam 33i3. h3113 $3513 ie33313354433 i am glad 33i3. h3113 $3513 ie33313354433 lam glzf you can.-,,,,, —— — 33i3. h3113 $3513 ie33313354433 iam glzf you canjoin' ~ . 33i3. h3113 $3513 ie33313354433 i am glzf you canjoin us . . weekend. i am glad you canjoin us for asia business report. renault and the car with renault and the car manufacturer confirmed it is considering plans to replace the
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chairman and ceo carlos ghosn with a board meeting this weekend. the announcement came one day after the french finance minister called for a change in the leadership. the statement comes in the wake of a tokyo court's statement comes in the wake of a tokyo cou rt‘s refusal to statement comes in the wake of a tokyo court's refusal to release mr carlos ghosn on bail as he awaits trial in japan on carlos ghosn on bail as he awaits trial injapan on financial misconduct charges that he denies. analyst janet lewis told us why renault is likely to oust the boss. the fact that he has been unable to fulfil his role as ceo and chairman of renault leaves them with really no choice if they want to have the continuity of management and have a tea m continuity of management and have a team that can work with the team at nissan on the alliance. he may be replaced during a board meeting but will renault stick with the line that the investigation found no wrongdoing, or will they admit they found he committed a crime and abused his power? the key is that there doesn't appear to be anything
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suspicious in renault itself but the ceo says he feels comfortable that once renault sees the evidence they have collected internally at nissan, that they will appreciate the wrongdoing that has been taking place within nissan. of course the question now is why carlos ghosn is still injail, he hasn't been convicted, nor accused of violent crimes. other executives from ja ka rta crimes. other executives from jakarta and toshiba spent time in jail. what appears to be happening is that if you make some kind of confession then you might be allowed out pending trial —— takata. in this case i believe there is concern because he is maintaining his innocence that he could if he were out ofjail innocence that he could if he were out of jail tamper with the evidence. that is an extreme view when we look at it from a western perspective, but that is the way the
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justice system appears to be working injapan. justice system appears to be working in japan. which is under the microscope with this particular case. what is your view about the three carmakers, mitsubishi, renault and nissan in 2019? they need to find a way forward. the key will be putting in place of leadership team that can lead the alliance. they have so much at stake. as we saw with the recent tie—up with fog slagen and ford, these loans are critical to getting the scale to move forward with technology related electrification and collected cars -- vw. electrification and collected cars —— vw. they really need each other and away to work together. janet lewis on carlos ghosn and renault. let's look at wall street. shares spiked on reports that the donald trump administration might ease tariffs against china in a bid to break the trade war deadlock. those gains were soon dampened when
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the us treasury spokesperson denied the us treasury spokesperson denied the reports. the dow up 162 and the snp and nasdaq in positive territory. let's look at how this is impacting asia. the nikkei 225 up 185, and the all ordinaries is up three fifths of i%. the hang seng index will open trading shortly so we will have initial numbers later in the programme. from new york, samira hussain told me what the investor reaction was. what this really shows is investors really wa nt what this really shows is investors really want to see the easing of the paris. they want to see trade relations between china and the united states to become less frosty, a little bit warmer than it has been in the last several months. and the fa ct in the last several months. and the fact that you saw such a sharp spike in trading only for that to fall after reports of conflicting reports about what actually happened and what was said in that meeting really
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shows investors want to see some positive movement with regards to the trade negotiations. positive movement. investors have to be patient. there is still a lot of time until the end of the trade truce on march one. we don't really know what's going to happen. yes, there is the march the first deadline, but a lot can happen. we can see both parties decide that they want to extend the deadline. there could be some movement in terms of easing the tariffs to allow them to negotiate in other realms. so you just don't know how it's going right now. what we are seeing from the donald trump administration is that there is conflicting ideas about how to go forward. the treasury secretary has been forthright in terms of not really liking the tariffs. then you hear
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from mrmike liking the tariffs. then you hear from mr mike kaiser, easing the ta riffs from mr mike kaiser, easing the tariffs is not really the way to go forward at the moment. -- lightweiser. . the white house announced donald trump cancelled the us delegation trip to the global economic summit in davos just hours after the president denied nancy pelosi a plane to visit afghanistan and the troops. this is in light of the shutdown of the us government. sunday marks two years since president trump took office. since then the us economy has continued to grow. businesses have been faced with considerable uncertainty, especially when it comes to trade policy. michelle fleury has the details. machines whirring, sparks flying. business at this more manufacturing company is booming. brian marks
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credits donald trump for the positive change he has seen at his own shop. tariffs on imported steel have made it easier to convince customers to buy locally. what resonated with me on the economy is promises that donald trump gave us that he wanted to bring jobs back to the us and back to america to help american families and i believe that's exactly what he is following through on those promises. donald trump can't claim full credit for the strength of the us economy. it started under his predecessor barack obama. but to understand his popularity here in the industrial midwest, you need look no further than that business confidence. especially among small business owners. this chart shows how optimistic small business owners in the us have been over the last ten yea rs. the us have been over the last ten years. and this spike coincides with the moment donald trump was elected. the strongest economy i've seen in my lifetime. justin runs the economic development partnership. he
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says the president's tough talk on trade is popular. but tariff wars with china are creating uncertainty. we have a number of companies in this county that do importing and exporting and no question it has impacted the bottom line. is it enough to change local businesses' minds when it comes to donald trump? at this point it really isn't. at the local coffee shop, opinions were divided. so we are already on the upswing. i think donald trump has benefited from that. and a lot of what he claims he has been responsible for was already in motion. how do you think donald trump is doing on trade? we have been upside down with all of our international tariffs and trade agreements for years. he international tariffs and trade agreements foryears. he is international tariffs and trade agreements for years. he is trying to correct that situation. changing allegiances in america's industrial heartland helped donald trump win the white house. his promise to bring back manufacturing jobs resonated in 2016. a message that
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still has power here two years later. china's envoy to canada warned of repercussions if the country bans huawei from supplying equipment to the sg huawei from supplying equipment to the 56 network. it is the latest salvo in a deepening dispute after the arrest in vancouver of the technology giant's finance chief. canada is studying the security of sg networks, but unlike some allies hasn't announced a ban on huawei a?!. netflix hasn't announced a ban on huawei a? !. netflix has hasn't announced a ban on huawei a?!. netflix has posted lower than expected quarterly revenues despite a slate of original content, including the thriller sg, sending stocks lower in after—hours trade. and a word of caution, the fake bbc stocks lower in after—hours trade. and a webpage aution, the fake bbc stocks lower in after—hours trade. and a webpage being , the fake bbc stocks lower in after—hours trade. and a webpage being used to le bbc stocks lower in after—hours trade. and a webpage being used to promote news webpage being used to promote bitcoin in an attempt to convince people to have over money. the page
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references at cryptocurrency themed bbc documentary, but links to a site promising to make people millionaires. a spokesperson for the said it is looking into how best bbc said it is looking into how best to all right, let's quickly to respond. all right, let's quickly recap the markets, and as we mentioned earlier wall street stocks climbing for the third straight session overnight following a report the us could lift some or all ta riffs the us could lift some or all tariffs on china but the report was later denied. most of asia is currently in positive territory as well. thank you so much for investing your time with us. i'm rico hizon. goodbye for now. this is bbc news. the top stories this hour: the duke of edinburgh is uninjured after being involved in a car crash near the queen's sandringham estate. and one of north korea's top diplomats arrives in washington, fuelling speculation of a second summit betweem kim jong—un and donald trump. the barrister defending the former chief superintendent
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david duckenfield has made his opening remarks in the trial at preston crown court. mr duckenfield is charged with manslaughter by gross negligence of 95 football fans who died in the hillsborough disaster in 1989. he denies the charges. his barrister said he'd been unfairly singled out and that many other people and other factors played a part in the disaster. our correspondentjudith moritz has more details. two versions of david duckenfield were offered to the jury today. the prosecution said his failings were extraordinarily bad. his defence argued that he's been unfairly singled out for blame. there is no dispute that he was the man in charge at hillsborough. he ran the operation from this police control box. thejury was told he had a bird's eye view and a host of cameras and screens to assist him. the court heard police radio recordings from the disaster. as the crowd built up outside
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the ground one officer warned "it's bloody chaos in leppings lane, thousands can't get in". another is heard to say, "seriously, open the gates, open the gates". having allowed more than 2000 fans to pour in through an exit gate, the court heard that mr duckenfield didn't stop them from going towards the already full terraces. the prosecution say that minutes later it should have been obvious to him that a major incident was unfolding, but he did nothing. the jury heard that the pens where the crush happened were a scene of horror. survivors described being swept down the tunnel. one said his feet didn't touch the ground. he was pushed towards the front of the pen as if on roller—skates. then there was no room to move, and survival was a narrow margin of fate. the life was crushed out of 96 men, women and children. defending david duckenfield, ben myers qc said it was natural to look for someone to blame, but that sympathy for those
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who suffered was not a reason to convict. mr duckenfield denies gross negligence manslaughter. the trial is expected to last four months. judith moritz, bbc news, preston. as always, we have more on that trial and more of all the stories on the website. and you can reach me on twitter, i'm @bbckasiamadera. mike embley. here at today. drama in the final second in the nba match in london —
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as the washington wizards snatch victory against the new york knicks thanks to a video review. and ireland's shane lowry retains the lead at the half—way stage of the abu dhabi championship. all of that to come — but we start with tennis. it's day 5 at the australian open where play is well underway already — and the the defending men's and women's champions will be both be in action later. our reporter david law is in melbourne — and can bring up to date with what's happening, and what's still to come. we may well get some late finishes tonight too — not unusual at the australian open. you just saw ashleigh barty win? yes. she is the australian hope and
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