Transcripts For BBCNEWS Asia 20240703 : vimarsana.com

BBCNEWS Asia July 3, 2024

Membership is fed up, we are fed up with falling behind. Its been decades of falling behind, and especially this past decade, the most wealthiest times in the history of these companies, there is no excuse, these companies have made a quarter of 8,000,000,000,000 in the past 4 years. Billions of dollars in the last 6 months alone. And the last 6 months alone. And the workers conditions have gone backwards. The workers conditions have gone backwards. Lets turn our attention to gone backwards. Lets turn our attention to the gone backwards. Lets turn our attention to the Business Attention to the business calendar. Lets take you through exactly what all we are watching out for. On wednesday, Chinas Central Bank will hold its Monthly Review on the cost of borrowing. The peoples bank of china uses a one . Year rate to price loans for businesses needing credit, and a five . Year tenor to guide mortgage rates. Thats the same day the Us Federal Reserve will decide on Interest Rates, which is currently above 5 in the worlds biggest economy. Friday, bank ofjapan Interest Rate decision and on friday, well find out what the Bank Of Japan plans to do with its Monetary Policy. Steady price gains injapan may have reached a pace that will lead the central bank to move closer to exiting decades of ultra . Easy Monetary Policy. For more on this big central bank tim water told me about Central Banks facing increasing pressure. fix, banks facing increasing pressure banks facing increasing ressure. , pressure. A tick up and energy rices pressure. A tick up and Energy Prices recently. Pressure. A tick up and Energy Prices recently. So pressure. A tick up and Energy Prices recently. So i pressure. A tick up and Energy Prices recently. So i think prices recently. So i think that move hiring, keeping the fed on their toes going forward, so this week is likely to stay on hold, i think it november could be a live meeting in terms of a possible, the rate of inflation between now and then. I think will be a close call this week, we know the uk to inflection still ranked quite high, 6. 9 , well above target. Theres a lot of Wage Pressure in the uk at the moment, itsjust a balancing act at a moment, trying to rein in that inflation but not tipping the economy into a recession. It is very stagnant at the moment, so some key decisions coming up, but the Move Hiring Inflation Due to those Energy Crises will be influential for some Central Banks at the moment. Moving on to china, banks at the moment. Moving on to china. Who banks at the moment. Moving on to china, who really banks at the moment. Moving on to china, who really faces banks at the moment. Moving on to china, who really faces a to china, who really faces a different kind of challenge. Is the Monetary Policy stance that has been taken there enough to really boost the flagging economy . Really boost the flagging economy . Really boost the flagging econom . , ,. , economy . The my is still out on that economy . The ury is still out on that at economy . The my is still out on that at the economy . The jury is still out on that at the moment. Economy . The jury is still out on that at the moment. Its. On that at the moment. Its more of an incremental measure approach, all in our efforts to expand the Central Banks. Theyre concerned about that line thats down more than 5 , you know thats having an effect on sort of the imports at the moment. I think that that you know, well see some of that incremental approach going forward, this week well be looking at the prime rate, the i year, the 5 year, relating to mortgages in china. 0nce relating to mortgages in china. Once again we could be seeing some tweaks to those rates going forward, if not this week, i do think well see a continuation of china cutting some of these key Lending Rates once again trying to boost confidence among the consumer sector, they are also trying to pfp up sector, they are also trying to prop up the property sector which has been a source of concern for some time now. Now to denmark, where a new ship has been unveiled that runs on a new low carbon fuel called Green Methanol. Owned by shipping giant maersk, its the First Container vessel to use the new technology, which is hoped could help pave the way for a cleaner maritime industry. From copenhagen, Adrienne Murray has this report . Sailing from denmark, this chit ships Maiden Voyage cleaner fuel called Green Methanol. I name you laura maersk. Fuel called Green Methanol. I | name you laura maersk. Now fuel called Green Methanol. I i name you laura maersk. Now in the very heart name you laura maersk. Now in the very heart of name you laura maersk. Now in the very heart of copenhagen, l the very heart of copenhagen, the very heart of copenhagen, the Naming Ceremony for this 1st of its kind vessel. Just the Naming Ceremony for this 1st of its kind vessel. 1st of its kind vessel. Just a few years 1st of its kind vessel. Just a few years ago 1st of its kind vessel. Just a few years ago a 1st of its kind vessel. Just a few years ago a large 1st of its kind vessel. Just a | few years ago a large vessel sailing on Green Methanol would have been unlikely, perhaps even impossible. For have been unlikely, perhaps even impossible. Have been unlikely, perhaps even impossible. For the last century most even impossible. For the last century most ships even impossible. For the last century most ships have even impossible. For the last i century most ships have sailed on marine diesel, a carbon heavy fuel. So this Cleaner Alternative is a milestone. For an industry thats i of the worlds biggest emitters. At 170 meters long it can carry many containers. Slashing a by at least 2 3. Many containers. Slashing a by at least 2 at least 2 3. Methanol is a fully clear at least 2 3. Methanol is a fully clear liquid, at least 2 3. Methanol is a fully clear liquid, it at least 2 3. Methanol is a fully clear liquid, it is at least 2 3. Methanol is a fully clear liquid, it is in i fully clear liquid, it is in liquid fully clear liquid, it is in liquid form a normal temperature at normal pressure. Another temperature at normal pressure. Another 20 larger ships ordered will be on the water by 2025 and more otherfirms will be on the water by 2025 and more other firms are following. 50 and more other firms are following and more other firms are following. And more other firms are followinu. ,. , ~ following. So far we have taken a bet on green following. So far we have taken a bet on Green Methanol, following. So far we have taken a bet on Green Methanol, and i a bet on Green Methanol, and that a bet on Green Methanol, and that was a bet on Green Methanol, and that was really a bet on Green Methanol, and that was really out a bet on Green Methanol, and that was really out of a bet on Green Methanol, and that was really out of the that was really out of the conclusion that that was really out of the conclusion that the that was really out of the conclusion that the technology was here, conclusion that the technology was here, It Conclusion that the technology was here, it could conclusion that the technology was here, it could work, conclusion that the technology was here, it could work, It Conclusion that the technologyj was here, it could work, it was economically was here, it could work, it was economically viable, was here, it could work, it was economically viable, it was here, it could work, it was economically viable, it was was here, it could work, it was economically viable, it was not perfect economically viable, it was not perfect and economically viable, it was not perfect and necessarily perfect and necessarily scalable perfect and necessarily scalable for perfect and necessarily scalable for the perfect and necessarily scalable for the wholel scalable for the whole transition, scalable for the whole transition, but scalable for the whole transition, but that i scalable for the whole. Transition, but that was scalable for the whole i transition, but that was a scalable for the whole transition, but that was a good 1st transition, but that was a good ist step transition, but that was a good ist step to transition, but that was a good 1st step to take. Transition, but that was a good 1st step to take. It transition, but that was a good 1st step to take. 1st step to take. It is limited on sunplies. 1st step to take. It is limited on supplies, so 1st step to take. It is limited on supplies, so how 1st step to take. It is limited on supplies, so how are 1st step to take. It is limited on supplies, so how are you | on supplies, so how are you going to get your hands on enough of it . This going to get your hands on enough of it . Going to get your hands on enough of it . As soon as the ship was enough of it . As soon as the ship was ordered, enough of it . As soon as the ship was ordered, many enough of it . As soon as the ship was ordered, many projects aiming ship was ordered, many projects aiming at ship was ordered, many projects aiming at manufacturing ship was ordered, many projects aiming at manufacturing the aiming at manufacturing the green aiming at manufacturing the Green Methanol aiming at manufacturing the Green Methanol that aiming at manufacturing the Green Methanol that is aiming at Manufacturing Thei Green Methanol that is going aiming at manufacturing the. Green methanol that is going to be Green Methanol that is going to he needed, Green Methanol that is going to be needed, and Green Methanol that is going to be needed, and have Green Methanol that is going to be needed, and have started i Green Methanol that is going to be needed, and have started toj be needed, and have started to be needed, and have started to he developed be needed, and have started to be developed. Be developed. This Methanol Lant be developed. This Methanol Lant will be developed. This Methanol Plant will be be developed. This Methanol Plant will be the be developed. This Methanol Plant will be the worlds plant will be the worlds biggest when it begins operation next year. Green methanol is not admission free but in making it takes carbon from biomass waste. Its but in making it takes carbon from biomass waste. Its green because its from biomass waste. Its green because its made from biomass waste. Its green because its made out from biomass waste. Its green because its made out of because its made out of renewable electricity. The c02 we take, it comes from the national carbon, that would otherwise go to waste. It was devel0ped otherwise go to waste. It was devel0ped at otherwise go to waste. It was developed at this otherwise go to waste. It was developed at this research i developed at this research facility, but Engineering Firm ma and is already looking towards the next generation of engines. Irate towards the next generation of enrines. ~. , towards the next generation of enrines. ,. , engines. We actually foresee other pathways engines. We actually foresee other pathways as engines. We actually foresee other pathways as well, engines. We actually foresee other pathways as well, it. Other pathways as well, it could other pathways as well, it could be other pathways as well, it could be ammonia where we are currently could be ammonia where we are currently making some developments. But it could also be synthetic natural gas, biofuet be synthetic natural gas, biofuel. ,. , ~ be synthetic natural gas, biofuel. ,. ,. , biofuel. Look at Environmental Urou s biofuel. Look at environmental groups have biofuel. Look at environmental groups have welcomed biofuel. Look at environmental groups have welcomed the biofuel. Look at environmental| groups have welcomed the new ship, but say that the industry must do more. Irate ship, but say that the industry must do more. Ship, but say that the industry must do more. We need to hold the global must do more. We need to hold the Global Sector must do more. We need to hold the Global Sector together must do more. We need to hold the Global Sector together 20 i the Global Sector together 20 emissions, the Global Sector together 20 emissions, will the Global Sector together 20 emissions, will need the Global Sector together 20 emissions, will need a the Global Sector together 20 emissions, will need a high l emissions, will need a high price emissions, will need a high price on emissions, will need a high price on all emissions, will need a high price on all greenhouse emissions, will need a high. Price on all greenhouse gases, all shipping price on all greenhouse gases, all shipping Companies Price on all greenhouse gases, all Shipping Companies to price on all greenhouse gases, all Shipping Companies to start using all Shipping Companies to start using these all Shipping Companies to start using these new all Shipping Companies to start using these new green all Shipping Companies to start using these new green flute i using these new green flute fuels using these new green flute fuels. , ,. , fuels. These new ships could rove to fuels. These new ships could prove to be fuels. These new ships could prove to be an fuels. These new ships could prove to be an important prove to be an important breakthrough as the industry it looks to chart a greener course. Adrian murray, bbc news, copenhagen. The Rugby World Cup is underway in france. For some fans its a chance to travel while also supporting their favourite team. Australian supporters it seems, are happy to spend 5 . Thousand dollars or more, to travel and support the wallabies the nickname for the National Rugby team. Our next guest from a Travel Agency is here to tell us why theres a lot of Travel Demand around this particular Rugby World Cup. The demand has been massive for this world cup, obviously coming out of the pandemic and into this, these last couple of years has really sparked interest in the judge the whole world of trouble. Being a european world cup as well and a chance to spend a longer time in europe and visit neighboring countries, has really driven demand, particular in australia and new zealand for extended trips. It and new zealand for extended tri s. , and new zealand for extended tris,. ,. , and new zealand for extended tris,. ,. , and new zealand for extended tris. , and new zealand for extended tris. ,. ,. ,. , and new zealand for extended tris. ,. ,. ,. , trips. It has a long way to go to watch trips. It has a long way to go to watch a trips. It has a long way to go to watch a rug trips. It has a long way to go to watch a rug rematch, trips. It has a long way to go | to watch a rug rematch, what trips. It has a long way to go i to watch a rug rematch, what is the profile of the people who are going ahead with this . We deal with are going ahead with this . Deal with a lot of mid to high income individuals, a lot of corporate groups as well. So we are seeing a lot of those people are currently traveling, as you mentioned it is an extended period of time so people are spending a lot more money traveling europe. It is a long way to come from australia as well. So those of the sort of people who are generally seeing particularly towards the finals where the tickets are more expensive and obviously the price of the hotels are reflect that also. The price of the hotels are reflect that also. Just to put this into a reflect that also. Just to put this into a little reflect that also. Just to put this into a little more this into a little more context, if you can compare it to previous times, how is it seeing now . If t

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