asia business report [iii] asia business report i'm steve lai. short _ asia business report i'm steve lai. short selling - i'm steve lai. short selling will be restricted starting today in a move that chinese securities regulators are designed to create a fair market order. short—sellers try to make money on chairs, bonds or other instruments that they think will fall in price. by curbing the crackly �*s, regulators are hoping to halt a worsening market sell—off. —— the practice. the benchmark csi 300 index of shanghai listed stocks dropped 11% last year and has extended into the new year. earlier, ispoke and has extended into the new year. earlier, i spoke to the directorfor year. earlier, i spoke to the director for economic research katrina l, and she told me this latest measure is an attempt to address negative investor sentiment.— address negative investor sentiment. . �* , , sentiment. what we're seeing is the route that _ sentiment. what we're seeing is the route that has _ sentiment. what we're seeing is

the route that has really - the route that has really gathered steam over the past couple weeks, really a reflection of the fact that there is the unrelenting sentiment when it comes to challenge now —— chana. household businesses particularly in china and not feeling exuberant about the economic recovery. this latest measure is really a band—aid solution rather than finding an actual solution to the problem. it's been more about the bigger problem. how deep into the problems 7 ? i think the property market is one that — ? i think the property market is one that is _ ? i think the property market is one that is really _ ? i think the property market is one that is really front - ? i think the property market is one that is really front and | is one that is really front and centre, and what we see is that the correction in the market is manifesting in so many different areas of the economy, particularly private sector

investments. we've seen a rise investments. we've seen a rise in defaults, so what we expect over the course of the year is that we will see ongoing stimulus directed to the property market, but not in a way that we invigorate the property market. in a way that works to try and stabilise it so we can get a broader stabilisation in china's economy, because what we have seenin economy, because what we have seen in the post—covid world is that stimulus is really necessary. my mac while china struggles, the us seems to be doing rent what do you think tomorrow will tell us about the direction the fed will take? do you think is likelyjust fed will take? do you think is likely just lower fed will take? do you think is likelyjust lower rates? it’s likelyjust lower rates? it's reall a likelyjust lower rates? it's really a story _ likelyjust lower rates? it's really a story of— likelyjust lower rates? it�*s really a story of resilience. i think what we will see from that, we won't see any change in waits at the stage. we are looking for a rate cut to take effect from may, and we'll see

that kick off from there. because the us economy has been so resilient, there's really no rush to ease back on rates in an aggressive way because the labour market is holding up quite well and inflation is calling, but it's not quite where it needs to be. we don't need to see any rash kneejerk reactions from the fomc. they have that breathing space to take time and make sure inflation is sustainably back to where it needs to be before they start pulling back on that. ., that. the downturn in the preperty _ that. the downturn in the property sector. - that. the downturn in the property sector. the - that. the downturn in the | property sector. the crisis that. the downturn in the - property sector. the crisis who returns to a hong kong court on monday, on whether the firm will be or there to liquidate its assets. more than $300 billion in liabilities, it defaulted on its debt in 20 to anyone and has worked on new plan ever since. the biden

administration will report billion dollars to boost semiconductor production. the plans first reported by the wall streetjournal are part of the $53 billion chip since i fact, both to make it in for them. —— both domestic. us and china have battled over semiconductors. social media platform x is hiring 100 content moderators for us in the office in texas. the new team will focus on restricting child abuse contact and it comes just days about the senate hearing about online child sexual exploitation. let's take you through some of the key business and economic events coming up this week. the feds two—day meeting starts on fed's two—day meeting starts on tuesday. they might start cutting rates at this meeting,

but with the us economy being stronger than expected, less certain. before that, the decision becomes the first back of tech companies reporting results. boeing announces results. boeing announces results for the last quarter of last year on wednesday. the maker is in the midst of the crisis over the safety of its max 7370 fleet. apple, amazon and meta reporting quarterly earnings. more than 20,000 workers around the world have lost theirjob in the first months of this year. that's according to track it website. these are the some of the companies that have announced cuts. earlier, iwas companies that have announced cuts. earlier, i was told while leading companies in the tech industry are letting people go. it comes at a time where

they're newly investing in al. it looks like they're shifting from other technologies to ai, but underlying is the fact that the interest rate is very high, which is the fight —— cost of investment. the other factors that the global economy contrary to the us economy, is not doing that well, so big tech has to brace themselves for markets not receiving their products. this is an underlying factor of the global economy going down in interest rates staying in high point. ai is definitely triggering this since last year. to definitely triggering this since last year. to india, or thousands _ since last year. to india, or thousands of _ since last year. to india, or thousands of men - since last year. to india, or thousands of men are - since last year. to india, or- thousands of men are desperate to secure jobs, they have been going to recruitment centres to find work in israel. indian government promised to send

more than workers in the country. braving winter morning, thousands gather at this government recruitment centre, willing to risk going to a country at war. the only hope — a well—paid job. translation: we argued looking forjobs. if you get one here, why would we risk going to a war zone? translation: we risk going to a war zone? translation:— risk going to a war zone? translation: ~ ., ., , translation: we have families to take care _ translation: we have families to take care of. _ translation: we have families to take care of. all— translation: we have families to take care of. all this - translation: we have families to take care of. all this is - to take care of. all this is only— to take care of. all this is only and _ to take care of. all this is only and hope for a good salary in israel — only and hope for a good salary in israel. ., ., , in israel. one among them is 24-year-old _ in israel. one among them is 24-year-old sue _ in israel. one among them is 24-year-old sue breve, - in israel. one among them is 24-year-old sue breve, who| 24—year—old sue breve, who travelled 300 km to try his luck as a comforter. it would get him six times the salary he makes here —— a carpenter. translation: j makes here -- a carpenter. translation:— makes here -- a carpenter. translation: ., ., , w , translation: i want to break my family cycle _ translation: i want to break my family cycle of _ translation: i want to break my family cycle of poverty. _ translation: i want to break my family cycle of poverty. if - translation: i want to break my family cycle of poverty. if i - family cycle of poverty. if i -et family cycle of poverty. if i get good _ family cycle of poverty. if i get good money, - family cycle of poverty. if i get good money, i- family cycle of poverty. if i get good money, i will- family cycle of poverty. if i get good money, i will gol family cycle of poverty. if i - get good money, i will go even if its— get good money, i will go even if it's risky _ get good money, i will go even if it's risky-_ if it's risky. the skill workers _ if it's risky. the skill

workers are - if it's risky. the skill workers are meant i if it's risky. the skill. workers are meant to if it's risky. the skill- workers are meant to fill part of the labour shortage in israel's construction industry. after work permits of thousands were revoked, and amidst the ongoing conflict. they are part of india's sprawling economy. they have no formal contracts or benefits. most of them are even college graduates who get paid just eight or $10 a day. this is a crisis was not changed despite india being the fastest growing major economy in the world. even prime minister narinder modi's focus has not helped. —— narendra. latest research by india's university shows a 15% of all graduates and 40% of graduates under—255 have no jobs.

graduates and 40% of graduates under—255 have nojobs. what graduates and 4096 of graduates under-25s have no jobs. under-25s have no “obs. what we do in a young _ under-25s have no jobs. what we do in a young country _ under-25s have no jobs. what we do in a young country like - under-25s have no jobs. what we do in a young country like ours i do in a young country like ours where — do in a young country like ours where everyone has better education is to generate many more — education is to generate many more jobs. education is to generate many morejobs. on education is to generate many more jobs. on the contrary, we've — more jobs. on the contrary, we've seen what has happened, manufacturing jobs fell in terms _ manufacturing jobs fell in terms of share. gdp contracted despite — terms of share. gdp contracted despite the talk.— despite the talk. despite concerns _ despite the talk. despite concerns in _ despite the talk. despite concerns in israel, - despite the talk. despite concerns in israel, the i despite the talk. despite - concerns in israel, the chance to earn an income outweighs the risk at least for now. an update to a story. boeing 37 max planes have been back in the air following a cylinder removed by alaska airlines last year. —— last week. the planes

can return to service after inspections. the federal aviation administration stopped bellowing from in expanding the production from jets. that's it for this addition. thanks for watching. this is sophia, and so is this, and this is her, too. all three sculptures are based on sophia, an 11—year—old slave girl baptized at lancaster priory in 1799. people come in and they do ask the question, you know, why?

and the minute that you say these are part of ourjourney with transatlantic slavery, people go, "oh!" lancaster was once the fourth biggest slave port in the country in 2020. the priory was targeted with graffiti. about its links to the trade, they've deliberately kept it visible today. i think it is really important that we are telling stories about the past. it's something that we we want to acknowledge. we don't want to hide it. we want to be honest about it. staff from the facing the past arts project have been involved with the sophias and other initiatives across lancaster. we've been looking at improving the education of our primary and secondary school pupils. we've looked at improving the slavery walk. we've been looking at whether or not there should be permanent new monuments. voiceover: for more stories from across the uk, - head to the bbc news website.

bringing you different - stories from across the uk. i think we started it. my father in law and ijust to just have a little seat and itjust seemed to grow organically from there by lots of people visiting. and it grew and grew and grew. and just over the years, each time the mother nature takes it away again, we've had to come back and put it back together. there's not a lot left at all.

everyone who came along to help rebuild the bench has their own memories of the place. i used to walk the wife on the beach when she died last april. i used to bring some little stones with a little message on it to remember her. and now it's all gone, so we'll start again. these are memorabilia from the previous bench with people written their names on them, so it might be nice these are memorabilia from the previous bench with people written their names on them, so it might be nice to add some of those back. so when people come back and see them and it's not so when people come back and see them. the bench damaged by storms before and in the summer by a fire. this plaque, which was donated then, is now the centrepiece for the new bench. once more, the groups say they hope that more people come along and add more driftwood and mementos to build the bench up once again to the community hub to the community hub it once was.

hello and welcome to sportsday. i'm lizzie greenwood—hughes. the headlines tonight... a famous test victory for england in one of the toughest places to tour. . .. places to tour. klopp may be off, but liverpool are into the fifth round of the fa cup. and goalie lionel mpasi kicks the penalty that sends dr congo through to the quarter—finals of afcon. hello and welcome to a busy sportsday. england captain ben stokes says his side's

incredible opening test victory in india was their best under his leadership. facing an india side who'd only lost three times on home soil in the past decade, england somehow turned a 190—run first—innings deficit into a hugely unexpected 28—run win. before this, the biggest lead any touring team had previously overturned there was just 65, and that was by australia 60 years ago! england's vice—captain ollie pope was player of the match after saving the game with a stunning knock of 196, while debutant spinner — tom hartley took seven wickets to force the win. england lead the 5 match series 1—nil. we've been a part of some amazing games over the last two years. we've had some incredible victories. but i think considering where we are, who we played against, the position we found ourselves going into, oursecond, second innings of batting was just be able to sit here. we've gone 1—0 up. i think that's a big reason why i feel this is our best victory

since i've become captain.