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tv   Business Briefing  BBC News  August 19, 2019 5:30am-5:46am BST

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thid is the business briefing. i'm ben bland. president trump says he dosn‘t want america to do business with huawei, as the tech giant is due to be hit with a full ban on working with us firms. and we'll be finding out why singapore's aging population is working well into into their 70s. and on the markets, stocks rise in asia as shares are bolstered by hopes of further rate cuts from central banks around the world. president trump says he doesn't want america to be
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doing business with huawei. this is just as the chinese tech giant is due to be hit with a full ban on working with us firms. so how did we get to this point? in may this year huawei was placed on the us entity list, effectively banning american firms from doing business with huawei because of national security concerns. the move barred us companies, including google, intel and qualcomm, from working with huawei. but a few days later the us temporarily eased some of the restrictions — for instance, allowing google to send through security updates for its android operating system. but this temporary exemption is due to end. there had been reports the us might extend the exemption, but president trump cast doubt on that, saying he dosn‘t want american firms
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to do business with huawei. huawei is a company we may not do business with at all. it was sort of reported, i think the opposite today, i was surprised, we are open to doing business with them, we are actually not open to doing business with them, so i don't know who gave the report. now, they have little sections of huawei —like furniture and other things that we could do, but when you cut out sections it gets very complicated. what is being sold, what is coming in. at this moment it looks much more like we're not going to do business. i don't want to do business. i don't want to do business at all, because it is national security threat. mike weston, managing director at the technology firm agillic. how big a deal do you think it would be if this ban does take full effect against huawei? there are billions of dollars of steak and us turnover.
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it is also a big dealfor of dollars of steak and us turnover. it is also a big deal for huawei as well. they rely so heavily, notjust on the software with google and microsoft, but also with the semiconductors, cooling glass. there is so much at stake, so many different things intertwined within it. that said, given the fact that this has been bubbling along since may, huawei has had time to position itself and make contingency plans, for example, coming up with its own operating system for its phone, so it does not have to rely on google's android. that is right. they say that harmony os is ready to go to moment's notice. but it is not as simple asjust moment's notice. but it is not as simple as just having the operating system in place. you need that whole infrastructure behind it with the app infrastructure behind it with the app store, which had best analysis will take them months to be able to bill back. what about beyond huawei? there are supply chains and chipmakers and so on which will feel the effect of a us band against huawei. exactly. huawei spend about $11 billion a year on supplies,
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whether it is technology or equipment from the united states, thatis equipment from the united states, that is quite a big haul to leave behind. whichever way this turns out, the fact is, huawei have got to plan around not having doubts available. so even if the president turns around and says, 0k, we will carry on doing business with huawei, huawei will be actively looking for replacements for that $11 billion of revenue into the us coffers. is there any sign that they have actually made progress on that front, in terms of their response to all of this? significantly, yes. things like the semiconductors, they will be looking at supplies in asia, like samsung, for example. there are lots of other places they can go. it ta kes a lots of other places they can go. it takes a lot of time to organise but is certainly a thing they can do. but it will still have a massive knock on effect on their ability to cellphones outside china, and that is half their income. mike, good to get your thoughts. thank you.
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yet more protests are expected in hong kong this week. on sunday organisers say more than 1.7 million people took part in a pro—democracy march. president trump has said any violent crackdown by china could jeopardise trade talks. mariko oi is in our asia business hub in singapore with the details. that is right, this is not the first time he has linked the hong kong process and the ongoing china us trade war, urging beijing not to have another tiananmen square. i guess from his point of view he could stall the trade deal while portraying himself as a human rights protector. as you mentioned, over the weekend, we saw more protests, for the 11th weekend in a row, although this time they managed to keep them largely peaceful. we heard from beijing, hinting about sending an military police in the event of clashes. but the government and investors are
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clashes. but the government and investors a re really clashes. but the government and investors are really starting to worry about the economic impact on the city's economy. last week, a package with $2.1; billion to help shore up growth. analysts say it was too little, too late, and that the city's economy will most likely fall into a recession. mariko oi, thank you. now let's brief you on some other business stories. president trump and white house officials have pushed back against concerns that us economic growth may be faltering. mr trump insisted the trade war with china is not hurting america, while his economic adviser larry kudlow said "there is no recession in sight." staying with the trade war, mr trump says the ceo of apple, tim cook, has made a compelling argument to him that tariffs would hurt the tech giant unfairly. mr cook said apple's biggest rival, south korea's samsung, would not face tariffs. us taxes on an additional $300 billion of chinese imports are due to go into effect in september and december.
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japan's exports have slipped for an eighth consecutive month, as chinese sales fell amid the us—china trade war. official figures show japan's exports dropped by 1.6% injuly, compared with a year earlier. singapore's 5.6 million people are one of the world's most rapidly ageing societies. the tiny city state expects a fifth of the population will be senior citizens by the year 2030. many of them are working into their 70s and beyond, not just to stay active but also because they need the extra income. sarah toms reports. young people working at fast food joints is nothing new, but now the restau ra nts joints is nothing new, but now the restaurants are turning to an unlikely demographic. senior citizens. here in singapore, workers like 70—year—old cecilia are donning
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aprons, wiping down tables and taking orders at chains such as pizza hut and kfc. after all my children grew up and were married, i have got nothing to do at home, so i think i will carry on with myjob, part—time. think i will carry on with myjob, part-time. beyond the big names, homegrown outlets there are also hiring more mature workers. older workers are more loyal. 0nce hiring more mature workers. older workers are more loyal. once they like theirjob, they willjust stay with us and do their best for us. 0fficial with us and do their best for us. official figures show with us and do their best for us. 0fficialfigures show a with us and do their best for us. official figures show a dramatic rise in the number of older workers. last year almost 27% of singaporeans aged 65 and above were working, nearly double the rate from a decade earlier. the government is actively encouraging people in their golden yea rs encouraging people in their golden years to stay in the labour force. singapore's labour crunches tough on the services industry. it is a plus
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for seniors, as millennial ‘s prefer officejobs and for seniors, as millennial ‘s prefer office jobs and fewer foreign workers are coming into the country. experts say the key is persuading and educating companies about the value of older workers. this is where the government has stepped in, by subsidising salaries of lower workers in older wage jobs. by subsidising salaries of lower workers in older wagejobs. 0ther incentives include retraining and gra nts to incentives include retraining and grants to redesign jobs for all the workers. the government is worried about how people are going to finance their old age. we have a pension, but that is to cover basic needs. if people want to live at a certain standard of living, they will need to continue to work. professor cha nces will need to continue to work. professor chances working also helps older adults stay healthy and engaged. many seniors are happy to oblige. as long as i am working, no mental problems, my physical side is still 0k. mental problems, my physical side is still ok. i will still work. with
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all the people living longer than ever, we will see more working seniors like cecelia and jake in singapore next time we go for a coffee or a bite to eat. that's it for the business briefing this hour. but before we go, here are the markets. asian markets rallied monday following a strong lead from wall street at the end of last week and comments from donald trump's top economic adviser hailing "positive" trade talks with top chinese negotiators. 0ptimism that central banks will provide fresh support to head off a global economic recession has also lent much—needed support to regional equities after last week's sell—off, with eyes on an upcoming speech by federal reserve boss jerome powell for clues about its plans. up next, news briefing. we'll take you through the stories making headlines in the global news media today.
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a campaign aimed at increasing the number of children vaccinated against measles, mumps and rubella is launched today. figures for last year show there were almost a thousand cases of measles in england and wales, three times the number there were in 2017. the world health organisation has stripped the uk of its measles—free status, after a fall in vaccination rates for the second of the two mmr jabs. nhs england plans to write to all gps urging them to promote "catch up" vaccination programmes. here's our health editor, hugh pym. measles is a highly infectious disease which can lead to serious complications. but health leaders are concerned that vaccination rates are concerned that vaccination rates are falling, with some blaming
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social media for spreading false claims about vaccine safety. in the first six months of 2019, the world health organization reported three times as many measles cases globally is at the same stage last year. france, germany and italy have seen increased outbreaks. the who now says the uk has lost its measles free status. the targets for both doses of the measles, mumps and rubella vaccine is a rate of 95%. but in england, the second vaccine, usually given to three —year—olds, has fallen from 88.6% in 2014 to 87.2% currently. the prime minister will today announce plans to urge gps to promote about —— promote catch—up vaccinations for 10—year—olds and 11 —year—olds. there will also be moves to use the official nhs website to address misleading claims about the dangers of vaccines, and getting social media companies to do more to promote accurate information.
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and there will be more on that story coming up at six o'clock on breakfast. dan walker and steph mcgovern will have all the day's news, business and sport. there is also more in the stories online whenever you want them. this is the briefing from bbc news. the latest headlines: the iranian oil tanker which was impounded in gibraltar last month has left port and is heading east into the mediterranean. more than 4,000 people have been evacuated as wildfires continue to rage in the canary islands. fire crews are working around the clock. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the times, and uk prime minister borisjohnson, who the paper says has accused remain—supporting former ministers of leaking details of no—deal planning in anattempt to damage brexit negotiations.
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the arab news leads with the horrific suicide bomb attack at a wedding in afghanistan. islamic state militants have admitted to killing 63 people at the ceremony in kabul. the south china morning post reports hundreds of thousands of anti—government protesters braved torrential rains to demonstrate on the streets of hong kong. the paper says the protesters were determined to show their movement could regain its peaceful moorings despite the recent escalation of violence. 0n the sydney morning herald website, canada has said it is disappointed the united kingdom has decided to offload their responsibilities after the british home office revoked the citizenship of a dual canadian—uk citizenjack letts. known more infamously as ‘jihadijack‘, he is now imprisoned in syria for being a member of islamic state. and finally, following rife speculation, us president donald trump has confirmed he is considering an attempt to buy greenland for strategic reasons. however, the government of the semi—autonomous danish
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territory insisted it was not for sale, with the danish prime minister calling any discussion of a sale absurd. so let's begin. with me is henry bonsu, who is a broadcaster and commentator. let's start with the times, and that story. the language is starting to get very emotive and very personal, and over the weekend the prime minister was accusing some members of his own party of being dishonest and trying to steal the result of the eu referendum away from the public. and using very cold, almost second world war language. collaborators. and this was a time when wiser heads, you would think, should prevail. it is a very big
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week for boris johnson because should prevail. it is a very big week for borisjohnson because he has to go to berlin to see

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