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tv   Business Briefing  BBC News  October 3, 2018 5:30am-5:46am BST

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time now for your business briefing. i'm sally bundock. clean air ahead. the european parliament set to vote on stricter emissions standards, hoping to reduce c02 on stricter emissions standards, hoping to reduce co2 by 45% in 2030. from the paris auto show, the owner of peugeot citroen voxel wads of dramatic consequences of brexit. for financial markets today, we see declines again in a main market in asia. china remained closed for a public holiday. we begin with cart industry bosses who may be gathered in paris, but their attention will be on a vote today in strasbourg, which will pit the interests of the motor industry against efforts to cut greenhouse
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gas emissions. the european parliament will consider proposals but it environment committee to cut carbon dioxide emissions by as much as 45% by 2030 compared to the 2021 level. that is far harsher than the initial 30% cut put forward i the european commission, and a world away from the 20% sought by the car industry. environmental campaigners say steep cuts are needed to meet the blocks overall climate goal of reducing pollution by over 40% by 2030 compared to the 1990 levels. european carmakers are warning of a risk tojobs. the european automobile manufacturers association says the sector currently employs more than 6% of the workers. even the 2021 limit was an average of 95 9 the 2021 limit was an average of 95 g per kilometre is a goal many manufacturers are saying they are in danger of missing. we have a new
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mount with us today, head of the greener uk unit at the green alliance. good morning. you were listening to all of that. some say very ambitious targets on the part of the european parliament assuming they vote in favour of it today. your thoughts? it is great to see the european parliament pushing for greater ambition in this area. less good to see the vested interests pushing back. we know there is a huge public interest in reducing these emissions. transport is the largest source of carbon emissions, which is causing climate change as we know we are already seeing the effects of that around the world, but also here in the uk with the latest heatwave this summer. we also know that our pollution is the largest environmental public health risk in the eu, and an estimated thousand premature deaths every day across the eu, 13 times as deadly as car accidents. this is a real issue had to get to grips with. but the work out as well. recent analysis
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has shown that going big on electric vehicles would boost economic growth and it would also mean a net gain of 200,000 jobs across europe are 2030. so this is really where europe has got to get ahead of the curve on this internationally. all the big carmakers globally pushing now, the electric vehicle agenda, certainly the european carmakers are trying to be at the forefront of that. there isa be at the forefront of that. there is a bit ofa be at the forefront of that. there is a bit of a race. it depends on infrastructure in different countries, in europe. some armour more geared up for plugging in and others. to what extent is this held back by government policy? you definitely have to have the government policy going along, the policy on charging points, charging infrastructure and making our electricity grid is ready, that you can see that if you do this in a smart way, a huge rollout of electric vehicles would mean we can balance the grid is far more
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effectively. 0f balance the grid is far more effectively. of course, electric vehicles are not the only solution. we need much better integrated public transport system so people who can't afford a car, we know electric vehicles are coming down in price, they should become parent or with conventional vehicles by the mid—20 20s. that will not work to eve ryo ne mid—20 20s. that will not work to everyone or every place. we need to have that public provided as well. it is not just have that public provided as well. it is notjust about electric cars, it is electric buses, public transport, trains. we have deleted leave it there, but thank you for coming in the morning. when we get the decision in transfer, we will update you. let's go to asia because china's 10 cents music has filed a much anticipated request to list its shares in the united states in what could be one of the biggest market flotations there by a chinese company. let's go to our asia business hub. good to see you. 10 cents music is looking stateside. that's right. and it would be a huge
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initial public offering. according to reports, it might yet any $5 billion or £19 billion offering, and this will indeed be huge. the music arm of tencent comes at a time that the global online music industry is getting back on track with more listeners streaming music through smart phone applications, even as companies battle piracy and try to sign up more paying customers. not many out of china known tencent, and the music levels —— that lovers, there is a wide range. if you are into karaoke, like me, they have now called wee thing. apart from that, they have big shareholders that include spotify, sony music entertainment, warner. despite the
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excitement, it is another blow to hong kong's ambitions of getting more technology companies to list in the city's. the stock exchange officials have been losing rules, but the new ones still do not allow corporate entities to benefit from weighted voting rights. at this point, daily fortencent, weighted voting rights. at this point, daily for tencent, but indeed, a lot of investors are awaiting that listing in the us. thank you very much. you and me, a big night out, karaoke. it is a date! i have heard him singing on bbc radio. he has quite a good voice. it is brief you on some of the other business stories. a major me at $32 billion liquefied natural gas project in canada has received the go—ahead from its partners. the project is a joint—venture between
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korea and japan. it is the single biggest private sector in investment project in canada's history and is expected to supply 26 million tons of liquefied natural gas exported annually to emerging asian markets. that is a very big deal. tesla says it has produced a record number of vehicles in the most recent quarter, beating back those doubts about the firm of mac ability to boost its manufacturing. the electric car maker says it made more than 80,000 vehicles, including wood and 53,000 of its mass—market model three, that is roughly in line with most forecasts. we have mentioned the paris motor show. it is under way right now. many are showing off their shiny new suv is, exciting electric cars, cool concept. it is all on display in
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paris. but the focus is firmly on other issues as well. lots of distractions like brexit for example. that is a big deal, certainly for those who make cars for these global companies in the uk. our reporter met with the boss of psa group, which includes peugeot, citroen and 0pel, and asked him what he is most worried about. we are operating in a chaotic world, we see that the chaos is increasing and the agile companies like ours have big opportunities ahead of us, but at the same time, the whole industry is facing a lot of uncertainty. but it is also creating a lot of opportunities in this chaotic world and the psa group, which is now in a very good shape has faced and you get experience five years ago, we have learned the value of agility and we are now eager and excited about the
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opportunities that will be raised by the situation. looking to brexit, the situation. looking to brexit, the future has been clear —— cloudy for some time. a lot of your rivals in the uk say embarking on contingency planning in case of a no deal brexit, that production lines could stop, future investment could be altered. we haven't heard from you recently. what are your plans? 0ur position is very clear. we have written to theresa may to express what our expectations are. they are very clear. we want a free trade between the uk and continental europe. that is very clear. if we don't have a read trade condition, of course we had to adapt. that may have dramatic consequences for our operations in the uk, which we would like to avoid as much as possible. bus, the situation is crystal clear. we need free trade. brexit is brexit. we did not decided. it was decided by the uk people, and we respect that. but if there are
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consequences coming out of a no deal situation, so be it. but we are giving all the possible alerts, all the possible warnings showing what this means and what is the right direction, and i think everybody is now aware, our union partners are aware of it, the uk government is aware of it, the uk government is aware of it, so everybody knows what this represents. i think we have done ourjob by being as transparent, as honest and as pragmatic as possible. now it is up to the negotiating people to find the deal. that is the boss of psa group with his advice for to reason a, ending your business briefing. —— his advice for theresa may. huge congratulations to the
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scientist who pioneered the use of lasers and become the first woman to win the nobel prize for physics in more than half a century. don strickland is from canada and was one of three scientists to share this year's award. 2018 nobel prize in physics... the ultimate scientific accolade. and professor don strickland is only the third woman ever to have won a nobel prize in physics. she and herfellow winners were honoured for what the nobel committee called groundbreaking inventions in laser physics. professor strickland devise a way to use lasers as very precise drilling or cutting tools and millions of our operations are performed every year with these sharpest of laser beams. and when professor strickland spoke to me from her home via skype, she was still reeling from the shock of a 5am phone call telling her she had become the first woman in 55 years to wina become the first woman in 55 years to win a physics nobel. how surprising if it that you are the
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third woman to win this prize? that is surprising. i think that is the story that people want to talk about, that why should it take 60 yea rs. about, that why should it take 60 years. there are so many women out there doing fantastic research, so why does it take so long to get recognised? physics still has one of the largest gender gaps in science. 0ne the largest gender gaps in science. one recent study concluded that at current rates, it would be more than two centuries until there were equal numbers of senior male and female in the field. the last woman to win a physics nobel was german born maria cope and myer in 1963 for her discoveries about the nuclear atoms. before that, it was murray kiri who shared the 1903 prize with her husband, pierre. this year of the winners hope that breaking his half—ce ntu ry winners hope that breaking his half—century hiatus will mean the on future will be on the research rather than the researcher. you are with the briefing from bbc
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news. the headlines: there is mounting desperation in indonesia as survivors of the earthquake and tsunami search for food, fuel and water. rescuers continue to pull people from the rubble, but the death toll is now 1300 and rising. 0fficials death toll is now 1300 and rising. officials in new york say they are vigorously investigating claims that donald trump helped his family is made tax. —— evade. let's look at some of those stories and others now in the media around the world. theresa may is under pressure to set a timetable for her departure cabinet ministers say there is now a question of when, not if, that she stands down as prime minister. meanwhile the independent talks
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about former uk foreign secretary boris johnson's about former uk foreign secretary borisjohnson's leadership about former uk foreign secretary boris johnson's leadership chances, which they say they have increased and in the time of brexit chaos there is no time for another election. the financial times leads with the online retail giant amazon which announced it increased the minimum wage paid to staff in the us and the uk and jeff bezos has said he had listened to critics as he announced a wage for $15 an hour in the us, £9.50 per hour in the uk and in the south china morning post in the business pages they talk about the business pages they talk about the new zealand custom service looking at personal devices in what amounts to a digital strip search. many of you have been in touch with us on many of you have been in touch with us on that. and the sydney morning herald has reported cervical cancer is said to be eliminated from australia within a decade because of the public health problem for the
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first time anywhere in the world that it would be a first globally. it is because of the vaccination programme they have in australia. and finally in the irish times website there is a picture of don strickland who, as we mentioned, is the first female nobel prize winner for 55 years and she becomes only the third woman to win the award after mary cury in 1903 and maria mayer in 1963. huge congratulations to donna. we have cornelia mayer with us. the daily telegraph says cabinet ministers have said to them it isa cabinet ministers have said to them it is a question of when, not if, when it comes


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