mandatory power naps to boost productivity. welcome to asia business report. we begin with bitcoin this morning and how a fake post by the official social media account of the us securities and exchange commission sent the crypto currency�*s price for a bit of a ride. it was posted on the sec x account, claiming the commission had approved an eagerly awaited financial product. that was followed moments later by another tweet that said the account had been compromised and the news was fake. the sec says it will work with law enforcement investigators regarding the unauthorised access. here's more from our business correspondent erin delmore. if you're in the crypto world

or curious about getting into it, then spot bitcoin etf has been on your radar. it allows people to bet on gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchanged traded funds this week. when a tweet was posted from the sec account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair quickly posted on x that the sec account was compromised and 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. a second tweet that also said $ btc. it was then almost immediately deleted. for bitcoin cosmic value, a bit of a ride. the value claim nearly $48,000 on the false news and go back down to 16,000 with reality.

now to the growing fallout from the midfight incident involving a boeing 737 max 9 plane on sunday. the boeing boss has acknowledged boeing made mistakes and it 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 9 planes. earlier, i spoke to flightglobal�*s asia manager, editor, 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. airlines are having 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 comac gaining more market share because of this? airbus has had a very 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 steal a march on boeing in this case. comac is a bit 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. this summit is expected to draw is of domestic and international investors and comes ahead of general elections in a few months. our reporterjoins us live from delhi. how is this summit being looked at in india? the organisers _ looked at in india? the organisers of— looked at in india? the organisers of the - looked at in india? thei organisers of the event looked at in india? tue: organisers of the event are calling this one of the biggest business events that india has seen. it is marking its tenth edition as well and as you said we are likely to be seeing over 100,000 visitors in the form of big business leaders and political leaders who will be in attendance. representation from over 130 countries is expected. companies like microsoft, google and big automakers will be in attendance. the areas of focus we have learned from focus is to be a chip making an area where india has been lagging behind, relatively so, we are

expecting a lot of meetings to taking place within delegations with indian members of government trying to figure out ways in which they can expand the footprint here in india. there has been a lot of chatter leading up to this summit, which has been called a... summit, about the possible presence of elon musk and the possible entry of tesla into the india market but there has been no confirmation coming from any government quarter, but there has been a lot of chatter about that. from a foreign perspective, india's emerging market is big global companies look to diversify beyond china and look for viable alternative. this is a big presentation of what india has to sell to the global market. for india, there are elections in a few months and this is a last bid opportunity for the president to demo prime minister to bag big—ticket investment. minister to bag big-ticket investment.— minister to bag big-ticket investment. ., ~ . investment. thank you so much for that update. _ investment. thank you so much for that update. inflation - investment. thank you so much for that update. inflation was i for that update. inflation was a huge topic around the world in 2023 and that was why

interest rates have been raised aggressively. according to the international monetary fund activation has been lower than average in asia and part of the reason is less demand for goods and services after the pandemic. the head of the asia pacific of the imf earlier told me that he expects inflation in the region to come within central bank's targets by the end of the year. , as you know, inflation around the world was rising in 2020 and for the asia pacific. the difference was it started rising later and then it went down. it didn't go by so much and it started to come down faster in asia, compared to other parts of the world. , of course that is all... within asia, for instance withinjapan inflation started rising and in china it is negative in november it came back —0 by 5%. what we expect inflation to come down around 2.7% by end 2024 and around central—bank

targets across most countries the region. 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. 0ur tokyo correspondent found that some workplaces are now trying to do things a little differently. japan's salary man and its notorious rush hour 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. ——hard work this small company however is the opposite of anything you imagine

a japanese workplace would be. "pillow" 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 this... 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 employee 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 longer for overtime. i need to be more productive within the limited time i have. for me, napping is important. it helps me work more efficiently.

some co—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 here it may be easier for someone to take a nap among people they do not know. 0ne japanese manufacturer has even 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. ——giraffe nap pod 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 i am actually doing it. one big challenge facing the power nap champions

is society's reluctant to change. tempting as it is, dozing off even for a little bit still feels like a big leap for japan's notorious work culture. what a brilliant idea. lets stay with japan. i want to tell you about japan's stock market. 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 that is basically before the asset price bubble burst and started practically three thank you so much for watching. bbc news bringing you different stories from across the uk. at home with the riley. i've just told him you don't mess with my train. fix, just told him you don't mess with my train.— just told him you don't mess with my train. a new scheme is ”rovidin with my train. a new scheme is providing tonight's _ with my train. a new scheme is

providing tonight's meal. - with my train. a new scheme is providing tonight's meal. 5 - providing tonight's meal. s badosa sand bags of food home with the children on friday so we can make up a meal with the kids and they can help prepare the food and it gets us all together as a family cooking. the local authority is advising families to use an artificial intelligence app. paul uses the app... scheme uses ingredients from this warehouse in newcastle. element we got a huge variety of food from ambient, chilled and frozen foods. we never know what we're going to get. much of it will going to get. much of it will go to landfill sites so by rescuing it we can then sorted out and redistributed it here. from a warehouse to nursery to hear. , nice to give us different ideas of things to cook, things to get the kids involved. does new ideas for new recipes as well. the app is great in that if you have random things in your house i don't know what to make, put it in the app and it gives you great ideas. food that would

have gone to waste is being put to good use. for most toys from across the uk, head to the bbc news website. hello, i'm ellis with the catch up. tonight, the hottest year on record and a missing dog returns and the actress who dashed 150 miles to save the day. our top story first. 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 have 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 east pacific ocean moves additional heat into the atmosphere. this happened on top of a long—term human—caused warming. some good news now, an 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. jessica was on stage just hours after being helped to help out. i had just literally got out of the bath and had my hairand i got a text saying, hi there, happy new yeah, we are struggling for an evita today as one of our actresses is sick who normally play yet. would be up forjumping in the car and to help? time now for ten seconds of a wandering dog returning

home. the springer spaniel disappearance started a 16 hour search in cumbria. 100's of people helped with some using drains and thermal imaging cameras. despite all those efforts, he wanted home hours later. ——wandered 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.

the premier league side were beaten 1—0 by championship