tv Asia Business Report BBC News November 23, 2018 1:30am-1:45am GMT
welcome to bbc news. our top story — britain's prime minister theresa may says a brexit deal is now within everyone's grasp. a blueprint for the future relationship with the eu has been drawn up in brussels. but it still needs to be approved by other member states and the british parliament. the japanese car maker nissan has fired its french chairman, carlos ghosn, over claims of financial misconduct. nissan has close links with the french company renault, both the japanese and french governments say they strongly support the alliance. and this video is trending on bbc.com. this is gymnast ashley watson setting a new world record forjumping between horizontal bars. he made it across a 5.87 metre gap. it took him eight goes to perfect the move. that's all. stay with bbc world news. our top uk story: after a review into the manchester arena terror attack, mi5 accepts it made a mistake in not tracking the bomber. now on bbc news, live to singapore for asia business report. carlos ghosn gone from carlos ghosn.
the japanese carmaker oust its chairman after nearly two decades at the helm after allegations of financial disk —— misconduct. right for the whole of uk. theresa may hails the draft agreement for the brexit proposals for the eu. the british pound games. —— gains. it is friday, the weekend just around the corner. good morning asia, hello world. glad you could join us. we start off the programme with nissan and carlos ghosn and the decision may have taken longer than expect it, but the carmaker ‘s board officially fired carlos ghosn as the chairman of the carmaker, following his arrest on monday. he is accused
of financial misconduct. the question remains, what will happen to the compa ny‘s question remains, what will happen to the company's alliance with mitsubishi and renault? the bbc‘s business editor has all of the details. carlos ghosn is, or was, one of the world ‘s most powerful business leaders, as well as his former role as chairman of nissan, he is chief executive of renault, chairman of sedition motors and chairman of an alliance of all three that collectively made 10 million cars last year. so far, renault have not dismissed him, installing and other executive on an interim basis, while mitsubishi motors bought are considering their position. the future of the whole alliance has been questioned after a downfall of its main architect and behind his personal drama liza power play within that group. is no secret that senior at nissan felt that grew three and renault, which owns a 43%
sta ke three and renault, which owns a 43% stake in their company, were exerting too much control over a group of which nissan was selling the most cars. the removal of him face is the way for resetting the structure and leadership of an alliance that all parties seem to agree is too important to see for parts. it may prove to be the most lasting legacy for a fall in business giant who remains in custody. simonjack, business giant who remains in custody. simon jack, bbc business giant who remains in custody. simonjack, bbc news. the uk payments as hayward a draft agreement on postgraduate relations, insisting a deal is within our grasp. the announcer came ahead of theresa may going back to brussels tomorrow with more talks with the european commission president and an eu leaders meeting on sunday to sign off on the withdrawal agreement and the political declaration. mr speaker, the draft text we have agreed with the commission is a good dealfor agreed with the commission is a good deal for our agreed with the commission is a good dealfor our country agreed with the commission is a good deal for our country and our partners in the eu. it honours the vote of the british people by taking back control of our borders, our
laws and our money, while protecting jobs, security and the integrity of our precious united kingdom. however, there are several major hurdles for the european union and the uk, including the future of gibraltar and the irish border. although the political declaration includes an aspiration for technology to ensure that is no need for a northern ireland backstop. i am joined by my colleague. this irish border is indeed a very thorny issue. indeed, it has really dominated brexit talks and we are talking about the uk's land border with the eu. 310 miles of it between northern ireland and the republic of ireland, which has come to dominate the talks recently. neither side wa nts to the talks recently. neither side wants to see a return to checkpoint at the border, in case it reignites the troubles and disrupts the free float of trade people. but they
cannot agree on how to do thatjust yet. the troubles refers to conflicts between unionists and republicans in ireland. a potential eu solution is to set up a common regular tree area after brexit on the island of ireland. —— regulatory. keeping them in a customs union if no solution is found. theresa may said this would threaten to split northern ireland from the rest of the uk, something that her allies would never accept. and if a deal of the irish border cannot be agreed in time for brexit, there is something called the backstop. and the draft withdrawal agreement proposes that if a backstop is needed, it will take the form of a temporary customs union, encompassing not just northern ireland, but the whole of the uk, described as a single customs territories. northern ireland will be in territories. northern ireland will beina territories. northern ireland will be in a deeper customs relationship with the eu then great britain. this
and spain's demands over gibraltar are likely to be crucial in negotiations in the run—up to the end of march 2019 deadline and may possibly be honoured. thank you, everybody will be watching what happens this weekend in brussels. moving on to other business and financial news. the united states china trade spat has intensified, after one of president trump's top economic advisers told the bbc that the wto should give it china. —— evict. they said that the world ‘s second—largest economy has misbehaved and should be thrown out. the wto's chief economist agrees that members of the organisation are not happy with some of china's behaviour and that the wto should be reformed. he spoke to my colleague. i acknowledge that members see the need for reform. all wto members
live in glass houses, they all do things that push against the agreements and the solution to that this political compromise and negotiation, not necessarily trying to create a new rule for everything that comes along or complain about how the rules are not being applied. 0ne how the rules are not being applied. one of president trump's top economic advisers suggested this week that the wto, the organisation you work for, should it china. should it? —— should evict. you work for, should it china. should it? —— should evictlj you work for, should it china. should it? -- should evict. i think they are frustrated at the wto hasn't evolved as much as they would have liked. they are a big player at the wto, they do a lot of legwork, china is also very active in a different way. china has been, when they have had adverse findings through dispute settlement processes , through dispute settlement processes, they have been very good
citizens about changing their policy. 0ther citizens about changing their policy. other members remain vigilant in making sure those policy changes... the criticism was that it was taking too long to get those policies changed and by that time the damage is done. that is the view that i think more than just a us shares. so having a discussion about reforming the dispute settlement process , reforming the dispute settlement process, making sure the resources are there so that the disputes can be handled in a timely fashion. so you need to have that kind of engagement to get a sense of is this something that is going to work? and even before the these latest round of attacks, the wto was always seem to be an ineffectual organisation. you had to be doha round of talks which haven't concluded, what you have to say to people who say the world trade organization is irrelevant? i do think that the
challenges around the doha negotiation have given the impression that the organisation doesn't work. i would argue that it doesn't work. i would argue that it does work. i think members have to decide, what kind of organisation do they want? does everything need to bea they want? does everything need to be a big round, or can some members go off as a group and decide to try to advance discussions on issues that they think are important. now, this is not something you see every day. a huge drone that can wash buildings and put out fires is being developed in latvia. the company behind the technology says it can clea n behind the technology says it can clean buildings twiggy times faster than humans and fly higher than the latter is used by firefighters. let's ta ke latter is used by firefighters. let's take a look. —— ladder. -- 20 —— 20 times faster. faster, better connectivity, we will have better live streaming because all so, from distance, we will be able to see a lot faster, or better
what we are actually doing. where we are and what we need to do. if somebody is washing the building or doing the firefighting rescuing somebody, there will be professionals who sit in the office and the drone will do these jobs 100 kilometres away and that will be possible. with a quick look at the market. wall street was slow overnight due to thanksgiving. japan is closed today because of the public holiday, but not a whole lot of liquidity. the all ordinaries up by 20 points and the hang seng down by 70. sport todayis and the hang seng down by 70. sport today is coming up next. this is bbc news, the top stories this hour. britain's prime minister theresa may
says a brexit deal is now within everyone's grasp, after agreeing the blueprint for the post—brexit relationship with the eu. the foreign secretaryjeremy hunt says the government is doing all it can to secure the release of matthew hedges. on wednesday, the british academic was jailed for life for spying in the united arab emirates. officials say they hope to reach an ‘amicable solution' with the uk after widespread criticism. a warning, paul adams' report contains some flashing images. back on home soil, exhausted and emotional. matthew hedges' wife, daniela, returned from the united arab emirates early this morning. in a bbc radio interview, she spoke despairingly about her husband's six—month ordeal. evidence against him is completely fabricated and he was put through so much pain for six months that absolutely nothing that he said or didn't could be used against him. the uae says mr hedges is a british spy, convicted after due process.
britain says there's not a shred of evidence — an argument bluntly put to the uae ambassador by the foreign secretary this morning. but this afternoon in the uae, an apparent change of tone. a statement described by the foreign office as an olive branch. but the final line hinted at conciliation. at the foreign office, mr hedges' wife had herfirst meeting with jeremy hunt, still haunted by yesterday's court hearing, but less critical of the government's efforts. seeing him shaken in court after being handed a life sentence and then being made to leave was beyond heartbreaking. we didn't even get to say goodbye.
i really appreciate the foreign secretary taking the time to meet me at this crucial point in matt's life. shortly afterwards, another twist. a phone call betweenjeremy hunt and his counterpart in the uae. this evening mr hunt called the conversation constructive. earlier in the day, the talk here at the foreign office was all about a very frank conversation, diplomatic speak for a row. now the tone has changed completely. the two sides seem intent on lowering the temperature. after a grim six months and an agonising two days, a resolution does now seem a little nearer. paul adams, bbc news, at the foreign office. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme... australia are through to the final
of the women's world t20 after thrashing the hosts and holders west indies by 71 runs in their semi—final. robert kubica will race in formula 1 next year eight long years after he was nearly killed. and france get set to defend their davis cup title against croatia despite missing three of their top line players. hello and welcome to the programme where we start with cricket — and in the second semi—final of the women's world t20 in the west indies — england are chasing 113 to beat india after dismissing them with three ball left in the opening innings. england are currently 14/1 after three overs and the winner will play australia who thrashed the host nation earlier in antigua. australia batted first after the west indies won the toss, and alyssa healy top scored with 46 as they made 142 for 5
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