who the fighters attack another wrestle in the red sea. with a good look at the impact the conflict is having on the cost—of—living. conflict is having on the cost-of-living.- conflict is having on the cost-of-living. the value is $50 cost-of-living. the value is sso billion, _ cost-of-living. the value is $50 billion, apple's - cost-of-living. the value is $50 billion, apple's value l cost-of-living. the value is| $50 billion, apple's value is cost-of-living. the value is i $50 billion, apple's value is 3 trillion, 60 times, why? because manufacturing is not that profitable any more. plus, the former— that profitable any more. plus, the former governor _ that profitable any more. plus, the former governor of - that profitable any more. plus, the former governor of india i the former governor of india central bank on why the country's plan to cut foreign investors may not be the best one. hello and welcome to asia business report, i'm suranjana

tewari. we are learning that who the fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel of eden. the escalating tensions in the red sea have many analyst concerns that the impact of these attacks will drive up the cost—of—living. —— houthi. some companies had to take a tool, driving up costs or have decided to suspend shipment indefinitely. head of oil trading at the research firm describes what is at stake in the markets.— in the markets. what is at stake is — in the markets. what is at stake is that _ in the markets. what is at stake is that a _ in the markets. what is at stake is that a lot - in the markets. what is at stake is that a lot of - in the markets. what is at stake is that a lot of oil i in the markets. what is at stake is that a lot of oil to i stake is that a lot of oil to form the balance, moving from east to west, and that is a load of mod by russia, by india, by china, that's at stake and that also stake is a

lot of misleads. which movement towards europe. i would say all this, as we're talking about the number of battles of crude and products at the question comes, will all of this get impacted or only a part of this will be impacted because what we have learnt is that the system finds alternate ways of mechanisms and there are some alternate routs which has deflected in increasing freight rates. i believe that at this point of time, our view is that it's probably finding alternate ways of navigation and that simply means actual cost of doing business and as you are putting in your opening remarks about the inflation, this is certainly not helping out. it certainly not helping out. it could drive up prices for people at the petrol pump. so, what do you see happening going

forward? how are people like yourself and oil companies preparing for these continued tensions? i preparing for these continued tensions? ~ , tensions? i think it will be hard for — tensions? i think it will be hard for anybody - tensions? i think it will be hard for anybody to - tensions? i think it will be i hard for anybody to prepare other than trying to deregister movement across the vessels through the sea. the questions around whether certain country vessels will be attacked and are the countries will not be attacked, i think that's a bit of speculation which i will not go into. i think from a common perspective, the oil in my view now needs to brace for that there was an active management of the grid market to keep the prices high. but this will result in is a bit more active management of the refined products market because europe suddenly was lost the diesel from the russian sanctions, now, this is a second sanction on europe to get the products and that's where i believe the refining system in the middle

east, india, china, they will be more active management of the defined products market to the defined products market to the detriment of europe and the us where there is demand. so, i guess that notjust a quick prices but active management of the products market will be to hire product markets and i don't think that there are these days out of it other than paying high cost of doing the business. in paying high cost of doing the business. ., , ., ~ business. in other news, making headlines. _ business. in other news, making headlines. a _ business. in other news, making headlines, a band _ business. in other news, making headlines, a band on _ business. in other news, making headlines, a band on the - business. in other news, making headlines, a band on the sale . headlines, a band on the sale of apple's latest watch is back. the us federal court has ordered the tech giant to stop selling the series nine and all true to by the end of thursday. theiphone true to by the end of thursday. the iphone maker is fighting a legal battle over patents covering a feature. the us state of iowa has sued tiktok accusing the video —based social media platform of misleading parents about their children's access to inappropriate content on the

companies out. it accused tiktok and chinese parent company of lying about the prevalence of content about drugs, nudity, alcoholand drugs, nudity, alcohol and profanity drugs, nudity, alcoholand profanity on its platform. collections on the panama canal are drying up due to drought conditions by about $100 million per month since last october. canal managers have been forced to impose a shipping restrictions on one of the worlds most vital trade routes linking the pacific and atlantic oceans. officials say if the trend continues, income could fall by some $700 million by april. us officials say they have completed inspections of a first batch of boeing planes which were grounded for safety review after a cabin panel broke off one of thejets midflight. the federal aviation administration ordered 171 boeing planes out of service after the fifth jan incident. it said it had finished the

inspections but offered no further update on when thejets might be cleared to fly. to india now and recent years, the south asian country has been trying to lure big manufacturers like fox conaway from china, often given them billions of dollars in subsidies. but speaking to the bbc�*s correspondent, the former governor of the country central bank says this is no longer a winning strategy for a low income countries like india. there are few problems with that path right now. the first is, that typically what happened was these manufacturing economies got richer and left the simple manufacturing to others. china isn't leaving, it still has a lot of workers that needs to employ from agriculture and manufacturing, the second problem, however, is that the raids, the profits from doing

this kind of activity have been completely completed away, fox con which does all apples manufacturing, it doesn't manufacturing, it doesn't manufacturing a thing since thousand and four, his value is $50 billion, apple's value is 3 trillion. 60 times, why? because manufacturing is not that profitable any more. what india is trying to do is climb up india is trying to do is climb up the ladder that way we think it's a tassel which have better done 20 years ago, it's a little late to do this, yes, if they come, if manufacturers won't side in india because it's a china plus strategy, great, but to subsidise them heavily to do that with the hope that they will stay in india, trying to create profits for manufacturers. the government _ for manufacturers. the government has - for manufacturers. the government has been. for manufacturers. the government has been spending billions of dollars in subsidising companies like apple, foxconn, makers like mike rounds, where do you think that money can be more optimally used for better economic outcomes? the optimally used for better economic outcomes? the deal is

sinned economic outcomes? the deal is signed with _ economic outcomes? the deal is signed with micron, _ economic outcomes? the deal is signed with micron, at _ economic outcomes? the deal is signed with micron, at least - signed with micron, at least that india is going to subsidise the micron factory, 2.7 billion in investment, to billion of which come from government, no equity, nothing, we willjust give the money. $2 billion seems, for an industrial country, its pocket change. for india, $2 billion is over one third the entire higher education budget of the central government. so, we are spending $2 billion for what? 5000 jobs. spending $2 billion for what? 5000jobs. one spending $2 billion for what? 5000 jobs. one of your former colleagues of the rbi has raised serious concerns about industrial concentration of india, the rise of chronic capitalism, orthe india, the rise of chronic capitalism, or the fact that players like the dainese are growing at the cost of others as nurses, do you agree? what is clear in _ as nurses, do you agree? what is clear in india _ as nurses, do you agree? what is clear in india is _ as nurses, do you agree? what is clear in india is a _ as nurses, do you agree? what is clear in india is a few- is clear in india is a few large groups have relative to

others. being big is not bad, being big and political influential, that becomes problematic. what is worrisome is that if you build national champions on the basis of tariff protections, as well as privileged access to licenses, permissions, etc, it is dangerous if outside investors think the only way they can make their way is if they have an alliance with one of the big players. an alliance with one of the big -la ers. , ., , players. the you believe indian's _ players. the you believe indian's data _ players. the you believe indian's data as - players. the you believe indian's data as a - players. the you believe indian's data as a whole | players. the you believe - indian's data as a whole even on things such as gdp is is credible? i on things such as gdp is is credible?— on things such as gdp is is credible? ., ., ., , credible? i would not doubt the intentions _ credible? i would not doubt the intentions of _ credible? i would not doubt the intentions of the _ credible? i would not doubt the intentions of the organisations | intentions of the organisations collecting the data. are the data timely? are they sufficiently accurate to make decisions? there, ithink sufficiently accurate to make decisions? there, i think there are more questions, for example, our data on employment, the best data from

private providers, you are flying blind if you don't know what the employment level is and you cannot actually have a proper political debate so, i think we need better data to inform us but we also need to allow the data to be used by researchers, we cannot suppress it and hold it if the early signs will set a bad message. speaking to the bbc there. in other news, japan airlines has named its first female president is a former cabinet attendant who rose through the ranks. she will take over the post on the first of april. the movie is a deeply symbolic step in a country struggling to close a vast gender gap work. that's all the time we have a fourth year on this edition of asia business report, to stay with bbc news.

voice-over: bbc news, - bringing you different stories from across the uk. reunited once again. theodore and his dad meeting in lviv. schoolfriends did a camping app for paying for his troop back to ukraine.— for paying for his troop back to ukraine. �* . . , ., , to ukraine. actually, it means all the world _ to ukraine. actually, it means all the world to _ to ukraine. actually, it means all the world to us. _ to ukraine. actually, it means all the world to us. it's - to ukraine. actually, it means all the world to us. it's so - all the world to us. it's so amazing when children of that age are thinking of the future, thinking of what is happening in the world.— thinking of what is happening in the world. ~ . ., , , in the world. what was the best bit about it? _ in the world. what was the best bit about it? seeing _ in the world. what was the best bit about it? seeing a _ in the world. what was the best bit about it? seeing a lot - in the world. what was the best bit about it? seeing a lot of- bit about it? seeing a lot of my family- _ bit about it? seeing a lot of my family- i— bit about it? seeing a lot of my family. i slept - bit about it? seeing a lot of my family. i slept with - bit about it? seeing a lot of my family. i slept with my l bit about it? seeing a lot of. my family. i slept with my dad all the — my family. i slept with my dad all the time. it my family. i slept with my dad all the time.— all the time. it was a boy's room at — all the time. it was a boy's room at that _ all the time. it was a boy's room at that time. - all the time. it was a boy's room at that time. during | all the time. it was a boy's i room at that time. during our stay because... they both

snore. no, idon't. stay because... they both snore. no, i don't. yes, they do. ., ., ., , , do. theodore and his friends started a _ do. theodore and his friends started a new _ do. theodore and his friends started a new fundraiser, - started a new fundraiser, cycling distance between manchester and the middle east to raise funds for children affected by the situation in gaza. i affected by the situation in gaza. , ., affected by the situation in gaza. , . ., , affected by the situation in gaza. , . �*, gaza. i 'ust failed as if it's unfair gaza. ijust failed as if it's unfair so _ gaza. ijust failed as if it's unfair so we _ gaza. ijust failed as if it's unfair so we need - gaza. ijust failed as if it's unfair so we need to - gaza. ijust failed as if it's unfair so we need to do i gaza. i just failed as if it's - unfair so we need to do another thing for all the people as well. , ., thing for all the people as well. , . ., ., well. they travelled more than 500 miles- _ well. they travelled more than 500 miles. we _ well. they travelled more than 500 miles. we started - well. they travelled more than 500 miles. we started there . well. they travelled more than l 500 miles. we started there and we have to _ 500 miles. we started there and we have to get — 500 miles. we started there and we have to get all _ 500 miles. we started there and we have to get all the _ 500 miles. we started there and we have to get all the way - 500 miles. we started there and we have to get all the way over. we have to get all the way over to palestine.— to palestine. for more stories from across — to palestine. for more stories from across the _ to palestine. for more stories from across the uk, _ to palestine. for more stories from across the uk, head - to palestine. for more stories from across the uk, head to l to palestine. for more stories l from across the uk, head to the bbc news website. i'm stephen with the catch up. our top story has details you might find upsetting, it's about the lies of eleanor williams, the 23—year—old injured herself and made up claims that she was beaten and raped by a group of asian men. the prosecution service is

false allegations of rape are extremely rare. back in 2020, she was jailed for 8.5 years for providing the court of justice, now, more than 50 hours of police videos have been shared with the bbc. they show how her lies became more elaborate over a number of years and you can watch a full documentary on the bbc iplayer. some other stories now, a two—year—old boy and his dad have been found dead at a house in. 60—year—old had a heart attack and his son starve to death. their bodies were found on the ninth ofjanuary, the family was known to children services, lincolnshire county council is investigating. if you became a, you could be a risk of damaging your hearing, researchers have found a lot of gamers do long stints with the volume turned up and that some noises go beyond safe levels. now, irish language might not be something you've heard a whole lot about but it will be featured in a new movie about

the band. it stars michael fassbender and will be the first irish language film at the sundance film festival in the sundance film festival in the us. the voice from belfast say politics, identity and going up in northern ireland are all part of it. and we will leave you with ten seconds of praise. hundreds of dogs and cats have been blessed in madrid two the first of all of saint anthony who is the turned saint of animals in spain. how cute is that? you are all cut up, have a good night. —— caught up.

hello i marc edwards. welcome to sportsday. is what we've got coming up on the show. would rescue's forest is knocking him avoid upset against third tier blackpool but they are third place in the fa cup first round. now you saudi now you don't. gordon henderson shortlisted in the kingdom looks to be over. jenny george chosen to lead his country for the six nations and a new look england side.