ahead. hello and welcome to this, especially asia business report live from taipei. we have plenty to talk about in the lead up to the election tomorrow but before we get to that in the last few ours they have been reports in the uk and us that they have launched air strikes against houthis, houthi rebels in yemen in response to their attacks on the red sea. let's cross to a singapore bureau for the market reaction. little market reaction so far but futures are up by more than i% but futures are up by more than 1% for crude oil in early asian trade. they surely will be reaction with such a significant move. presidentjoe biden saying the united states will not allow houthi attacks to imperilfreedom of to imperil freedom of navigation to imperilfreedom of navigation and rishi sunak saying the united kingdom will always stand up for freedom of navigation. and free flow of trade. the question is will

these strikes work? britain's defence ministry already says the strikes have already affected their ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. that could affect the price of oil and the price of good, even further, because of shipping lanes in the region. so far the houthi have attacked 27 sheets to date disrupting commerce on a key route between europe and asia. that accounts for about 15% of the world's shipping traffic. the boss of a shipping giant, maersk, has said why it is so important to global trade. it is so important to global trade. , ., ., trade. it is an important artery of _ trade. it is an important artery of global- trade. it is an important artery of global trade i trade. it is an important l artery of global trade and having _ artery of global trade and having to regrout all of the cargo — having to regrout all of the cargo now south of the cape of good _ cargo now south of the cape of good hope will create significant disruption to the global— significant disruption to the global supply chain for the duration in which we have to do that and — duration in which we have to do that and probably a few months more _ that and probably a few months

more as— that and probably a few months more as we have to get back to normah — more as we have to get back to normal. �* . . ~ more as we have to get back to normal. 1, . ~ ., ., . .,, , normal. back to an increasingly sunny taipei — normal. back to an increasingly sunny taipei where _ normal. back to an increasingly sunny taipei where we - normal. back to an increasingly sunny taipei where we turn - normal. back to an increasingly sunny taipei where we turn our| sunny taipei where we turn our focus now to the election taking place tomorrow. talking about something that taiwan is known for, the strength that it has and that is that semiconductor shipping industry. it is the world's largest producer of computer chips to power everything from cars to smart phones and washing machines and when it comes to the most advanced chips they have a market share of around 90% and is home to the world's top manufacturer, tsmc. as you may recall, chips have been at the centre of the technology dispute between the world two largest economies, the united states and china, and they have been hit by trade restrictions as well. earlier i spoke with the former legislator for taiwan and he told me how the elections at the weekend could also have an impact on its very important chips industry.— impact on its very important chisindust .~ ., , , chips industry. whoever becomes next president _ chips industry. whoever becomes next president of _ chips industry. whoever becomes next president of taiwan - chips industry. whoever becomes next president of taiwan needs i next president of taiwan needs to see that taiwan remains

important for chip manufacturing. we will support the development of the industry and with sufficient subsidy and industrial policy to make sure it is a leader in the world. it it is a leader in the world. it is understandable how the chips industry has come to play a key role in its economy. but there is an impact on taiwan from the us limits on ships from china. taiwan is in a dilemma in court in this tech competition. semiconductors are a tool of the competition so taiwan must tread water carefully. a case in point is tsmc. it has opened investment in arizona but not without significant challenge including difficulty in getting subsidies and workers issues. so the chinese government, whoever is the next president

of taiwan, must work hard to assert the need and support from other countries to ensure that tsmc�*s overseas venture is a success. that tsmc's overseas venture is a succes— a success. you are an expert on shi -s a success. you are an expert on ships and — a success. you are an expert on ships and geopolitics _ a success. you are an expert on ships and geopolitics so - a success. you are an expert on ships and geopolitics so you - ships and geopolitics so you are a perfect guest to tell us about this. what does taiwan need to do to secure its industry?— need to do to secure its indust ? ~ ., ., industry? we need to remain the most cutting-edge. _ industry? we need to remain the most cutting-edge. so _ industry? we need to remain the most cutting-edge. so keeping l most cutting—edge. so keeping them in taiwan as a present —— protective shield. in terms of diversification we need to diversify. it is obviously too much semiconductor concentrated production in taiwan so a healthy diversification is important. continuously working with other countries with better co—ordination among allies including japan and the us to ensure the overseas venture is a success is very

important. next is to probably negotiate better subsidies and to ensure the process is accelerated and expedited through government to government negotiation. today is the last day _ government negotiation. today is the last day of _ government negotiation. today is the last day of campaigning i is the last day of campaigning and elections are set to kick off early in the morning tomorrow morning at eight a.m.. tell us about the issues that voters are concerned about. it is notjust the geopolitics. we understand from people with speaking to on the ground that domestic issues also play a significant part. in domestic issues also play a significant part.— significant part. in addition to the china _ significant part. in addition to the china factor, - significant part. in addition to the china factor, the - to the china factor, the so—called china threat, domestic issues such as the economy although wages, high poverty continue to dominate the election. so people go to the election. so people go to the polls tomorrow and we will see the middle—class, basically 13% of undivided voters that make undecided voters, will play a crucial part in deciding who will be the next president of taiwan. i think to maintain

our way of living our two most important deciding factors to drive people's voting here tomorrow. drive people's voting here tomorrow— drive people's voting here tomorrow. ., ., , tomorrow. how would you put the waitin: tomorrow. how would you put the waiting versus _ tomorrow. how would you put the waiting versus -- _ tomorrow. how would you put the waiting versus -- how— tomorrow. how would you put the waiting versus -- how would - tomorrow. how would you put the waiting versus -- how would you | waiting versus —— how would you weigh up between geopolitics and domestic issues?- weigh up between geopolitics and domestic issues? taiwan has been living _ and domestic issues? taiwan has been living under _ and domestic issues? taiwan has been living under a _ and domestic issues? taiwan has been living under a threat - and domestic issues? taiwan has been living under a threat for - been living under a threat for 30 years so we're kind of used to china's menace. but this time around people are more or less driven by the economic conundrum that taiwan is in, especially for undecided voters. those who will vote because of china have already decided so it is less likely that it decided so it is less likely thatitis decided so it is less likely that it is still a factor on the last day before going to the last day before going to the pole. the last day before going to the pole-— the pole. staying with the domestic— the pole. staying with the domestic economic - the pole. staying with the i domestic economic concerns returning our attention to the younger generation, young voters who find themselves in a strange predicament in taiwan. 0n strange predicament in taiwan. on one hand the island is

loaded as an advanced economy by the imf and a high income is what by the world bank. but for young people have been speaking to, that is not necessarily how they feel, going by their bank balance. this is a popular shopping and eating district in the heart of taipei and i have come here to get the thoughts of young people ahead of the elections on january 13. of young people ahead of the elections onjanuary i3. i am speaking to young people aged 20-34 speaking to young people aged 20—31; because they make up 150 of the electorate. that number may not seem like a big one but with an election disclosing would be a decisive factor. translation:— would be a decisive factor. translation: even caregivers have a higher _ translation: even caregivers have a higher basic— translation: even caregivers have a higher basic salary - translation: even caregivers have a higher basic salary than | have a higher basic salary than us. so i hope and expectation for the is dark and hopeless. i hope that property prices can

be controlled and prices remain stable. they may be more concerned about that. but if there is action on the other side of the street i will be more concerned about national security. more concerned about national securi . �* ,, �* more concerned about national. security._ because security. translation: because most of my _ security. translation: because most of my classmates _ security. translation: because most of my classmates around i security. translation: because. most of my classmates around me have relatively high salaries and it is more related to their education background so in general you could say that the salary and benefits are good but i have also heard about quite a few friends who only earn a little over $1000 after entering society. ifeel earn a little over $1000 after entering society. i feel that disparity is quite large. it is clear that many younger voters feel trapped in a cycle of high cost of living and rising inequality. but as an economics professor told me, neither of the main parties competing in the main parties competing in the election have a long—term solution. in hong kong as well and in korea and singapore. but then the difference is that you have to look at the number of housing prices to income. so

the housing price to income ratio is the highest in taiwan compared to other countries i just mentioned. so all the major parties are doing are trying to place voters one way or another towards cutting tax and spending more so the issue is that will lead to more covenant that in the future and who will pay for the debt? if you are young urban and educated you need to think that this is an issue. this educated you need to think that this is an issue.— this is an issue. as young taiwanese _ this is an issue. as young taiwanese people - this is an issue. as young taiwanese people had - this is an issue. as young taiwanese people had to| this is an issue. as young i taiwanese people had to the polls, these struggles will be on their minds. it is something that the next administration will have to contend with, how to tackle the rising cost of living and home prices. we will step away _ living and home prices. we will step away from _ living and home prices. we will step away from taiwan - living and home prices. we will step away from taiwan for - living and home prices. we will step away from taiwan for a i step away from taiwan for a moment and tell you about other stories. starting with the us inflation, we can give you an update. prices in the us rose by more than analysts had forecast in december and consumer inflation hit 3.4% for the year, up by three tenths of a percentage point. president biden said more needed to be done to lower the cost for

american families.- american families. airline regulators _ american families. airline regulators in _ american families. airline regulators in the - american families. airline regulators in the united i american families. airline i regulators in the united states have formally launched an investigation of boeing's processes after a door plug lou off one of its planes. the federal aviation administration said it will examine whether boeing failed to ensure its completed jet matched their approved design. boeing said it would co—operate fully and transparently with the investigation. and that is it for now for this edition of asia is this report live from taipei. bbc news, bringing you different stories from across the uk. at home with the rileys. a new scheme is providing tonight's meal. the nursery sent bags of food home with the children on a friday so we can make a meal with the kids and all help prepare the food, it gets us together as a family cooking.

the local authority is advising participants to use an artificial intelligence app. paul enters the ingredients to receive a recipe suggestion. the scheme uses ingredients from this warehouse in newcastle. we've got huge variety of foods from ambient, chilled and frozen foods, we never know what you will get. much of it would go to landfill sites, by us rescuing it, we can sort it out and redistribute it. from warehouse, to nursery, to here. nice to gives us some ideas of different things to cook, things to get the kids involved, just new ideas for new recipes as well. the app's great in that if you've just got a lot of random things in your house and you don't know what to make, put it all into the app and it gives us some great ideas. i like fried rice! food that would have gone to waste is being put to good use. for more stories from across the uk, head to the bbc news website.

hey. i'm julia with the catchup. tonight, a london bus fire, fka twigs speaks out, and a surprising jungle remix. but first, the fast fashion brand boohoo has been putting labels that say "made in the uk" on potentially thousands of clothes that were actually made in south asia. that's been uncovered by bbc panorama. on tuesday, the bbc reported that the brand is considering closing their uk factory in leicester, where the mislabeling took place last year. boohoo said it came down to human error after a misunderstanding of the labelling rules. some other stories now, in wimbledon, southwest london, an electric double decker bus caught fire during morning rush hour. tfl have said that nobody was injured and they're investigating what went wrong.

singer fka twigs has responded to the ban of her calvin klein ad. uk regulators said the advert objectified her, but the singer posted on instagram saying that she's proud of the pictures and that she feels there are double standards. and two original scripts from the tv show friends that were rescued from a bin are going up for auction. the one where ross gets married was the two part finale of season four, and it was filmed here in the uk. so the script was found at fountain studios in wembley back in 1998. i will leave you with ten seconds of this unlikelyjungle music remix. this clip of university challenge has gone viral after the presenter amol rajan corrected one team about jungle music. absolute banger, to be fair. you're all caught up now. see you.

hello and welcome to sportsday — i'm hugh ferris. our top stories. after 2a years and six super bowl titles, the man called the greatest coach in the history of the nfl parts company with the new england patriots. we hear from the former england manager sven goran—eriksson as he reveals he has

terminal cancer with his �*best case' giving him a year to live. i have a cancer where you can't operate and you have to try to slow it down as much as possible and that's what i'm doing. and yorkshire cricket's former chairman apologises for racism at the club as his controversial return moves a step closer. hello again. he says he'll always be a patriot but after 2a years of historic success, bill belichick is leaving new england. regarded by many as the greatest coach in nfl history, he and tom brady took the franchise to six wins from their nine super bowl appearances, both records for a coach and quarterback.

but, since brady left, things haven't been as good,