trying moving fake news. plus, trying something a bit different. how in workaholicjapan some in workaholic japan some countries in workaholicjapan some countries are introducing magic charity power naps to boost productivity. —— mandatory power naps. welcome to asia business report. we began with bitcoin this morning and how a fake first by the official social media account of the us securities and exchange commission said the crypto currency is price for a bit of a ride. it was posted on the ss ex account claiming the commission had approved and eagerly awaited financial product. that was followed moments later by another tweet that said the account had been compromised and the news was fake. is more from our business correspondent erin delmore. if you're in the crypto world or curious about getting into it, then spot bitcoin ptf has been on your radar. allows people to bet on gains and losses even if

they do not own bitcoin themselves. us regulators are widely expected to approve the funds this week. when a tweet was posted from the se gov account saying essentially that, it was noteworthy. was also wrong. the soc and its chair quickly posted on ex at the account was compromised and the account was compromised and the regulator had not approved the regulator had not approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a quote from the chair. also contained a quote and then almost immediately deleted. for bitcoin cosmic value, a bit of a ride. the value, a bit of a ride. the value claim nearly $48,000 on the false mood and go back down to 45,000 with reality. now to the growing fallout from the bed fight involving a boeing 737 max nine plane on sunday.

the boss has acknowledged boeing made mistakes and get would work with regulators to make sure that it cannot ever happen again. hundreds of flights have been cancelled in the united states after airlines were ordered to ground and inspect their boeing 737 max nine plane. earlier, i spoke to flight global�*s asia manager at greg walden and he told me this incident is a real black eye for the american plane maker. it certainly has an impact for the airlines involved.— an impact for the airlines involved. �* , ., ., involved. airlines are having to scramble _ involved. airlines are having to scramble to _ involved. airlines are having to scramble to backfill - involved. airlines are having to scramble to backfill that i to scramble to backfill that capacity. the much greater impact is on boeing. 2023 was a year we saw boeing start to recover from the pandemic as well as the previous 737 max crises. 2023 was actually a very good year. 2024 was supposed to be the year that boeing really got its mojo back. this is a real black eye at a very inconvenient time.

the company also had those two clashes two years ago which affected boeing's reputation. do you see competition like airbus and clo back gaining more market share because of this? �* , , ., more market share because of this? , , ., ., more market share because of this? ,, ., ., , this? airbus has had a very stron: this? airbus has had a very strong run _ this? airbus has had a very strong run in _ this? airbus has had a very strong run in the _ this? airbus has had a very strong run in the narrow. this? airbus has had a very i strong run in the narrow body segment. the a320 has had a good re—entry into service. especially for narrow body airlines that have a longer range. boeing does not have anything that competes in that segment really. airbus has been able to scale a march on boeing in this case. pro mac is far behind as well. they have not put as many aircraft dash i think they are still putting their feet under the hood,... particularly in the china market. particularly in the china market-— particularly in the china market. . . , ., market. calendar this grounding in inspection _ market. calendar this grounding in inspection continue? - market. calendar this grounding in inspection continue? i - market. calendar this grounding in inspection continue? i think. in inspection continue? i think it will continue _ in inspection continue? i think it will continue until _ in inspection continue? i think it will continue until they - it will continue until they find out exactly what the cause

was. was at manufacturing, maintenance? they need to drill down and find out what happened because the last thing that we need, the last thing boeing needs,is need, the last thing boeing needs, is for another of these blowouts to occur. they will be working really hard to figure out what happened and take the proper steps to make sure that the 737 max nine with the store plugs are saved applies. the world bank has warned that the global economy is set to grow at its slowest pace since the pandemic. it has forecast growth ofjust pandemic. it has forecast growth of just 2.4% pandemic. it has forecast growth ofjust 2.4% in 2024 and stated high interest rates were a majorfactor. according to the bank's chief economist, slower growth will leave many developing countries, especially the poorest, "stuck in a trap." inflation was a big topic around the world in 2023 and it was why interest rates were raised aggressively last year. according to the international monetary fund, inflation has been lower than

average in asia and part of the reason is less demand for goods and services post pandemic. krishna stream # has the asia pacific at the imf and told me he expects inflation in the region to come within central bank's targets by the end of the year. as inflation around the year. as inflation around the world was rising in 2020, the world was rising in 2020, the difference was it started rising later and went right down. it did not go by so much and started to come down faster in asia compared to other parts of the world. for instance, in japan inflation started rising and in china it is negative in november and came back —0 point piper sent. what we expect inflation to come down to around 2.7% by the end of 2024 and around to central—bank targets among most countries in the region. in line with those

focus, yellow australian consumer price inflation falling to the lowest level in two years. falling to the lowest level in two yew-— two years. according to the latest data _ two years. according to the latest data release. - two years. according to the | latest data release. monthly consumer index rising at an annual pace of 4.3% in the month of november, down from 4.9% in october. basically reinforces market expectations that rates will not need to to rise any further. japan has long been known for its relentless work culture where employees are reluctant to go on holidays and almost never leave the office before their bosses do. yet, for more than 50 years, japan has ranked the lowest in employee productivity among the g7 group of advanced economies. ourtokyo economies. our tokyo correspondent found economies. ourtokyo correspondent found that some workplaces are now trying to do things a little differently. japan's salary man and its notorious russia have become symbols of this workaholic society. pressure and expectation so intense on

employees here that the country coined the expression death from overwork. and yet for decades this relentless artwork has not translated into overall productivity. this small company however is the opposite of anything you imagine a japanese workplace would be. it has a power nap policy. the company not only makes and sells pillows, it also encourages employees to use them at work. , i can't quite believe i'm saying this but this is the most relaxing office space i have ever been in and the secret is there. i'm speaking softly because employers around me are taking their maps for the day and i'm about to do the same. i will be honest, it was not easy for me to doze off there but after his 20 minute nap this man told me how this helps him work better. translation: in the afternoon,

especially after lunch, i get sleepy and i'm not as focused. i also have to pick up my children from preschool so i cannot stay long for overtime. i need to be more productive within the limited time i have. for me, napping is important. it helps me more efficiently. some colour working rental spaces have gotten the idea. but here, you could pay for a space to work or rest using the spacelike energy pod. translation: i'm not sure what it is, but it is too difficult for most japanese people to take naps at work. it still feels very wrong. like they are slacking off. i wanted to solve that issue. i think it may be easierfor someone to that issue. i think it may be easier for someone to take a nap among people they do not know. �* . , nap among people they do not know. g . , ., w know. one japanese manufacturer has addressed _ know. one japanese manufacturer has addressed the _ know. one japanese manufacturer has addressed the issue _ know. one japanese manufacturer has addressed the issue of - has addressed the issue of space or lack thereof. it may look like a phone booth, but this is the derived nap pod were used sleep standing off two up. translation:, argues it

wants every day but try to let my employees use it too during the lunch break. by standing off you take some load off your back. i always tell my friends i can sleep anywhere, even standing up. this is the first time actually doing it. one big challenge facing the power nap champions a society's reluctant to change. tempting as it is, dozing off even for a little bit two still feels like a big leap forjapan�*s notorious work culture. really tempted to join her in that power nap pod. we want to stay with japan because i want to tell you about japan's nick cave to do five. let me show you where it is trading at the moment. up by 1.5% and above 34,000. the highest level in 33 years, so thatis highest level in 33 years, so that is basically before the asset price bubble burst and started practically three decades of stagnation of the

world's third biggest economy. doing really well ones again this morning. once wrote way above 30,000 at this hour. apple has announced its long—awaited vision pro headset to go on sale on to fabbri in the united states and customers have been given the option to preorder the item, which is worth $3500 from mid january. it is the first major new product to be released by the company since the apple watch launched in 2015. that assess for this edition of asia business report. thank you so much for watching. bbc news bringing you different stories from across the uk. this agricultural land between wetherby road and the river wharfe could be the site of a new housing development in tadcaster. peter is one of around 300 campaigners against the plan.

so this piece of land here covers 35 hectares and gladman developments are proposing to build over 400 houses on it. the water levels are gradually seeping up onto this land, which would be a disaster to build on. i think it would definitely make the flooding issue worse because they are going to concrete over what is now wetland which can drain through, whereas houses it doesn't drain through, it willjust run off. you can see today it's completely underwater. so i don't know how they would propose to build pathways because presumably they would get washed away on an annual basis. gladman developments declined an interview, but say the planning application for the 11 arches development follows over a year of consultation and that there will be measures to manage surface water and increase flood resilience. and all built development is located in a flood zone one, identified by the environment agency as areas of low risk.

for more stories from across the uk, head to the bbc news website. hello, i'm alice with a catch up. tonight the hottest year on record and missing dog returns and the actress who dashed 150 miles to save the day. our top story first dose 2023 was the hottest year on record. climate scientists say with the increasing temperatures coming close to crossing the critical limit of 1.5 celsius above preindustrial levels. scientists say records have tumbled like dominoes and it is likely temperatures exceeded those of any period at least for that 100,000 years. heatwaves, droughts and wildfires of all intensified across the planet. this recent temperature risk is mainly linked to the rapid switch to

conditions known as el nino where warmer surface waters in the pacific ocean moves additional heat into the atmosphere. this happened on top of a long—term human caused warming. some good news now, and actress saved the day after travelling more than 150 while to perform a lead role in the musical evita in leicester. after its leading lady and understudy became ill. she was on stagejust hours understudy became ill. she was on stage just hours after being helped to help out. i on stage just hours after being helped to help out.— helped to help out. i had 'ust literally got i helped to help out. i had 'ust literally got out i helped to help out. i had 'ust literally got out of i helped to help out. i had 'ust literally got out of the h literally got out of the bath and had my hairand literally got out of the bath and had my hair and atalla got and had my hair and atalla got a text saying, hi there, happy new yeah, we are struggling for an innovator today is what about actresses is sick who normally play yet. would be up forjumping in the car and to help? forjumping in the car and to hell ? ., forjumping in the car and to hel ? ., ., forjumping in the car and to hell? ., ., , , help? time now for ten seconds of a wandering _ help? time now for ten seconds of a wandering dog _ help? time now for ten seconds of a wandering dog returning . of a wandering dog returning home. the springer spaniel disappearance started a 16 hour

search in cumbria. 100 people help with some using drains and thermal imaging cameras. despite all those efforts, he wanted home hours later. you are all caught up. goodbye for now!

hello and welcome along to sportsday. coming up on the programme, advantage middlesbrough in the english league cup. they take a slender lead into the second leg of their semifinal clash against chelsea. we will have the latest from the masters snooker at alexandra palace where the defending champion edged through his first round match. and we will find out how yorkshire county cricket club's takeover offer by a consortium, headed up by its former chairman, colin graves, is causing controversy. you are very welcome along to the programme wherever you are watching around the world. the cup football is continuing around europe and in england

chelsea have suffered a blow in the league cup.