make a mark in china. hello and welcome to asia business report. i'm arunoday mukharji. let's start with taking a look at how tensions in the red sea are impacting oil. houthi groups based in yemen say they will not bow to international pressure to stop attacks. the group — backed by iran — says the us and uk's attempts at getting china to mediate have not been fruitful. the houthi campaign has disrupted international shipping, forcing forced vessels to take a much longer journey around south africa rather than through the suez canal. it's a costly exercise and comes as demand from the world's top oil importer, china, is slowing. lets cross to frankfurt to speak to oil analyst carole nakhle. interestingly when you look at oil price development you think

and let us take no notice of what's happening in the red sea because we can see oil prices maybe have seen upward pressure. majorspike maybe have seen upward pressure. major spike would have been expected ten to 15 years ago. the plain fact is because those attacks in the red sea had not really resulted in any supply disruption. did not see a loss in supply, we saw being diverted but we did not see a loss in the market. after that, the fact that it's not booming, when i see a tight market. that by itself as it justifies the level where prices have been trading over the last few months and they are where they are today. i5 are where they are today. is that slow slow down affecting the overall outlook in china? china, if you look at opec expectation for that year they expectation for that year they expect 90% of demand growth for oil to come from asia and largely driven by china. china's largest oil importer in the world. whatever happens to

china will have a major impact on prices because of the economic situation in china we see that prices are not really going above the current levels of 79 a barrel, which is pretty timid given the geopolitical developments in this we see a major improvement in the economic situation in china i think we should be more cautious about expecting growth. cautious about expecting urowth. ., ., ., growth. your overall expectation - growth. your overall expectation from - growth. your overall l expectation from opec growth. your overall _ expectation from opec monthly to redo on tuesday? i’m expectation from opec monthly to redo on tuesday?— to redo on tuesday? i'm not expecting — to redo on tuesday? i'm not expecting major _ to redo on tuesday? i'm not expecting major changes - to redo on tuesday? i'm not expecting major changes forj to redo on tuesday? i'm not - expecting major changes for the interesting opec has been loyal to the forecast in its monthly reports. be very interesting to see if they stick with the expectations about oil demand and whereby they expect also delectable growth of our agencies so that maybe they know something the rest of the market does not know. i'll be keeping an eye on expectations. despite all of this us shocks are starting off the challenges and hitting record highs.

big tech, falling inflation and a strong earnings season are to thank. here's our correspondent erin delmore with the details. the us stock market is on a hot streak. the s&p 500 has notched multiple record closes since the start of the new year. even closed above the 5000 mark for the first time ever on friday. that's after flirting with that number for days. that's after flirting with that numberfor days. the dow has also notched on record highs and you can bet the nasdaq is up and you can bet the nasdaq is up as well. there are a few reasons why the us stock market is powering ahead. it's earnings season and a bunch of prominent companies have shown higher—than—expected earnings. the tech sector, especially powered by enthusiasm over artificial intelligence. it is true for some of the biggest names in the industry like amazon, alphabet, nvidia,

microsoft and meta. a blockbusterjob in february showed 353,000 jobs added in unemployment staying at 3.7%. that's on par with historic lows. that is great for the economy. what's also great is falling inflation. that would allow the fed to cut interest rates, which would allow already strong companies to borrow more cheaply. now all of this sounds i gave cycle and investors are wondering how long it can go on for and how high it can take markets. what we don't know are the unknowns that could bring markets back down to reality. australian lawmakers are considering a new law allowing workers to ignore calls and messages from their bosses after work hours. it's called the "right to disconnect" and is similar to those adopted by some countries such as france, spain and belgium. however, in australia, the move has been very divisive. i'm joined by sally moten,

who is an employment lawyer. why has the proposed law been so divisive in australia? australian businesses don't see it as necessary. he is already a large amount of regulation in the workplace man includes maximum working hours and safety legislation that allows employees to raise risks if they have concerns about too much work or being contacted after hours. really though divide his business saying this is not necessary. then you have a union movement saying well, there's scope with the line between work and being increasingly blurred and employees need a right to switch off at the end of the day. that's the two camps. just to no day. that's the two camps. just to go back _ day. that's the two camps. just to go back and _ day. that's the two camps. just to go back and understand this, what does the right to disconnect really encompass? the model will be that the employee can refuse contact from their employer. so they can refuse calls, e—mails,

texts that come through after hours. if that contact is unreasonable. so that will be really important. lots more news we're looking at through the week. what is it were watching for beside the 0pec report. we will be taking you to india later in the day which will be releasing inflation data for the full prices are expecting them to drop slightly after surging late last year. that is from india. later in the week we will also be getting inflation numbers from the us, which is something we're closely watching as well because there might be events for when the federal reserve could perhaps start lowering interest rates. finally, the big coverage were counting down to also this week, indonesian election voters will be electing the new government and the next president for many there been issues likejobs, the president for many there been issues like jobs, the economy that our primary concerns. we

will have special coverage from jakarta or on election news with them tuesdayjune that. —— do stay tuned to that. it s that time of year where people across china spend time with their families, as they make their way back home for lunar new year. beerand bai—jiu — china's home—grown spirit are by far the most popular alcoholic beverages at family gatherings. but this year, increasing numbers are pouring themselves glasses of whisky. and for some of the world's largest makers of alcohol — its competition time. our business reporter katie silver has the story. for millennia in china booze has been a boat you. there is strong clearly fermented grains in recent times it seemed the growing popularity from abroad. china is now the worlds greatest importer of red wine. when it comes to the hard stuff whisky is where the growth is at. just over a year ago china's whisky market was valued at $2.3 billion. that's

expected to almost triple by 2027. an annual growth of 20 proceed each year for the chinese market compared to for percent worldwide it something whisky sellers here in asia are looking to capitalise on. let's go meet one. why has the price of whisky exploded so much? the thing about _ of whisky exploded so much? tue: thing about whisky of whisky exploded so much? tte: thing about whisky is the age, it's very important. you have to wait at least ten to 20 years to have a result. you have to have the instinct to do this collection before everybody does it. tell me about the _ everybody does it. tell me about the astronomical - everybody does it. tell me - about the astronomical increase in prices that we have seen. for example, the relief famous distillery, 50 years old release date years when the release date years when the release is 20 k for a starter for that right now it's 75 k for that right now it's 75 k for starter.— for that right now it's 75 k for starter. you can see the urowth for starter. you can see the growth is — for starter. you can see the growth is immense. - for starter. you can see the growth is immense. do - for starter. you can see the growth is immense. do youj for starter. you can see the - growth is immense. do you see a lot of sales coming from china? yes because the chinese new year is like christmas, faster and people want to spend money, buying nice gifts and have

something memorable. so whisky is part of the memory as well. international brands are taking advantage to cater to this, the french company behind such brands as jamison, beefeater and absolut vodka is probably $140 million into a production base in the area. it's a story or a rival who opened a plan in december. tt or a rivalwho opened a plan in december-— december. it is our number one whisky palyer — december. it is our number one whisky palyer in _ december. it is our number one whisky palyer in the _ december. it is our number one whisky palyer in the world. - whisky palyer in the world. also— whisky palyer in the world. also note number one whisky player— also note number one whisky player in— also note number one whisky player in china. we're here for long _ player in china. we're here for long term _ player in china. we're here for long term. as a consequence of we have — long term. as a consequence of we have opened our innovation hub based _ we have opened our innovation hub based in shanghai. they are battlin: to hub based in shanghai. they are battling to be — hub based in shanghai. they are battling to be the _ hub based in shanghai. they are battling to be the top _ hub based in shanghai. they are battling to be the top spirits - battling to be the top spirits maker. the potential of an emerging market like china makes it a key battleground in that fight. the azure says demand is so strong there is space for everyone. as for china's whisky consumers, their young, highly educated and money to spend many of them are

shining in favour of less alcoholic options. international whisky makers are in good spirits as they look to take a big gulp of that market. before we go news from the super bowl which is now begun. uber eats has made last minute changes to its advertisement after criticism that it inappropriately made light of food allergies. this is the ad, that uber started promoting online earlier this week. what's now missing is a clip of a man having an allergic reaction from eating peanut butter after allergy charities complained. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories| from across the uk. music therapy at the nottingham wellbeing hub. it's all about tackling the demons of addiction. there's a wide range of support here for people at their lowest ebb. lee created the garden. he's a paid recovery connector with first—hand experience.

lee spent decades addicted to alcohol that got him into serious trouble. when i got released from prison, iwas effectively street homeless. that was a massive shock. you can't live a normal life on the streets. you will fall into some sort of alcohol or drug abuse. they want your curtains drawn on your own, hating the world and you just go to stop. 130 men and women are currently being supported by the rough sleepers drug and alcohol treatment team here. paul's 35 years old. i split with my partner. i ended up straight homeless for 12 months. when i was on the streets, i ended up with pneumonia. how much have they helped you here? if i didn't get the help that i got i'd probably be dead or i'd be in prison. i've been in there and i've screamed my head off and known how to deal with me. you know what i mean? they're using all sorts of techniques to help people change their lives. everything from acupuncture to addiction treatments and debt and housing advice all under one roof. for more stories from across the uk, head l to the bbc news website.

bbc news — bringing you different stories| from across the uk. at 102 there aren't many firsts left forjack hemmings, but today he's about to pilot a spitfire, a dream unrealized until now. jack was a squadron leader in the royal air force during the war and has long been an admirer of the aircraft.

if i had not succeeded in overcoming the luftwaffe, that would have been an invasion. and britain would have become german. and jack is still working hard for the charity he loves. today's flight is all about raising awareness and vital funding. after plenty of waiting, the weather was right and it was time to take to the skies. after taking the controls for a time, jack then relaxes as the pilot performs victory roles. not one... not two... ..but three. and when you've waited this long to fly in a spitfire, it would be rude not to make the most of it. for more stories . from across the uk.

head to the bbc news website. hello and welcome to sports day. i'm lizzie green with choose the headlines. tonight, celebrations for the ivory coast, the new champions of africa after they beat nigeria in the final in abidjan. but tragic news from the world of athletics. as it's reported, the world marathon record holder kelvin tipton, has been killed along with his coach. and in football arsenal break their premier league away record at west ham. hello again. well, we're starting with football and the africa cup

of nations where there are huge celebrations in abidjan after the ivory coast won the title for the third time in their history. sebastien haller was the hero as they came from behind to beat nigeria 2—1 in the final on home soil. piers edwards reports. after their disastrous group stage display, the prospect of ivory coast lifting the nations cup trophy was simply improbable. but ever since, the miracles have just kept coming, squeezing through as a best third place side into the knockout rounds where the elephants came alive under a new coach. despite trailing in the final for a third time in the knockout rounds, as captain william troost—ekong gave nigeria a first half lead, the elephants bounced back yet again, first through franck kessie before sebastien hallerfired home. the winner nine minutes from time. cue huge celebrations in abidjan as the ivorians moved level with nigeria on three titles apiece. well, here's more reaction

from the former ivory coast international, kolo toure and the former