hello and welcome to asia business report. i'm arunoday mukharji. voters in southeast asia's largest economy — indonesia — are getting ready to choose their next president. steve lai is standing by. over to you, steve. a wet start in jakarta, — over to you, steve. a wet start in jakarta, the _ over to you, steve. a wet start in jakarta, the polls _ over to you, steve. a wet start in jakarta, the polls are - over to you, steve. a wet start in jakarta, the polls are up - injakarta, the polls are up and running, we will be out on the street later we hope as the brainteasers. to get you up to speed with what's been going on, some context to the indonesian economy, ford says indonesian economy, ford says indonesia ranks 15th in the world, worth about 1.5 trillion us dollars, just below spain and just above turkey. it is southeast asia's largest economy so however well it string will have an impact on the rest of the region. like most countries emerging from

the pandemic, the two most significant economic concerns are about growth and unemployment. i spoke with yanuar nugroho in singapore, he was also the deputy chief of staff to the president of indonesia previously. iasked him about the challenges indonesia is facing. we are trapped in this middle income — we are trapped in this middle income trap for 17 years and there — income trap for17 years and there is_ income trap for 17 years and there is no sign when you can -et there is no sign when you can get up — there is no sign when you can get up i_ there is no sign when you can get up. i think this is the most _ get up. i think this is the most challenging problem we have — most challenging problem we have at — most challenging problem we have at the moment. i think would — have at the moment. i think would make growth if we want to escape _ would make growth if we want to escape this middle income trap. so whoever becomes the next president will face this challenge of moving indonesia out. , , ., ., ., , out. let me use this analogy. there is upstream _ out. let me use this analogy. there is upstream and - there is upstream and downstream. the upstream, human

development. the downstream, it is the _ development. the downstream, it is the performance of a country. _ is the performance of a country, performance of a state _ country, performance of a state i_ country, performance of a state. i think what i notice is that— state. i think what i notice is that the _ state. i think what i notice is that the government has spent a lot in_ that the government has spent a lot in the — that the government has spent a lot in the upstream but if you took — lot in the upstream but if you took at — lot in the upstream but if you look at the downstream, we are being _ look at the downstream, we are being trapped in the middle income _ being trapped in the middle income trap. i don't think that it works — income trap. i don't think that it works well. there must be something in the middle between upstream and downstream. and if i understand this problem, governments to me is the biggest _ governments to me is the biggest challenge at the moment through— biggest challenge at the moment through which i think we can average _ through which i think we can average a _ through which i think we can average a development of our performance. —— matt leverage our development. i think you wins — our development. i think you wins the _ our development. i think you wins the election in 2024, yes,

the challenge remains, but i think— the challenge remains, but i think certain —— but the success— think certain —— but the success would depend on how much — success would depend on how much the _ success would depend on how much the new government would be prepared to improve the governance so that the development can be achieved. so talking about transparency, accountability and how the government would conduct its business. there will be a new president, the term and has already served 25 year terms which is the maximum so whatever happens we will have a new president in indonesia and we will see what direction he takes the country.— takes the country. steve, thanks very _ takes the country. steve, thanks very much - takes the country. steve, thanks very much for - takes the country. steve, j thanks very much for that update from jakarta. we will join steve later in the programme as well as we continued to track those elections. let's turn to the us where inflation rose faster than expected injanuary. annual inflation, the pace at which prices rise, came in at 3.1%.

that was higher than analyst expectations of 2.9%. higher housing and food costs offset a decline in petrol prices. it is the latest economic reading to suggest that officials are still in the process of getting inflation under control. major us stock indexes fell and the dow recorded its worst session in almost a year. the dollar and treasury yields climbed. here's what one analyst made of it. so the cpi came in hotter than expected. and why that is important is because obviously inflation expectations have come down so far and the market is priced in a lot more in terms of fed cuts than the fed has even implied. so anything that goes against that narrative of lower inflation, lower rates the market doesn't like. meanwhile, china, the world's second largest economy is showing signs of slowing down. unlike the us and many other countries, it is facing pressure from a dip in prices

due to weak consumption, which has raised worries of deflation. julian evans—pritchard from capital economics told me what this could mean for growth. essentially china is in a very different economic situation to the rest of the world. demand is pretty weak, supply growth is pretty weak, supply growth is pretty weak, supply growth is pretty strong and a result you're getting a lot of excess supply and that's pulling down inflation domestically. but also it is resulting in china's exports exporting lower than the inflation pressure overseas and we are seeing export prices will come down significantly over the past few quarters, almost entirely reversing the job in export prices we saw during the pandemic. fin job in export prices we saw during the pandemic. on the oli during the pandemic. on the policy level. _ during the pandemic. on the policy level, what _ during the pandemic. on the policy level, what more - during the pandemic. on the policy level, what more can l during the pandemic. on the l policy level, what more can be donein policy level, what more can be done in china?— policy level, what more can be done in china? what needs to be done in china? what needs to be done is refocus _ done in china? what needs to be done is refocus on _ done in china? what needs to be done is refocus on sorting - done in china? what needs to be done is refocus on sorting out. done is refocus on sorting out the demand side of the economy, but so far that has not been the approach the officials are

taking, they are still focusing very much on supporting investment and because of the concerns about security, they are very much focused on investing more money in manufacturing supply. obviously, when you do that, yes, maybe you reduce the need for farming yes, maybe you reduce the need forfarming but yes, maybe you reduce the need for farming but a yes, maybe you reduce the need forfarming but a lot yes, maybe you reduce the need for farming but a lot of that additional capacity gets exported abroad so you there is more foreign demand. in spain, the north—eastern region of catalonia has been suffering a record—breaking drought, causing the regional catalan government to declare a state of emergency. this means the introduction of tough restrictions on the use of water across the region. guy hedgecoe reports from catalonia on how this is affecting businesses there. after three years of drought, this reservoir is atjust the fifth of its capacity. it supplies water to barcelona and surrounding towns. with the average water level in this

area's reservoir is falling below 16%, a state of emergency has been triggered in catalonia.— has been triggered in catalonia. ., ., catalonia. for the government of catalonia — catalonia. for the government of catalonia according - catalonia. for the government of catalonia according to - of catalonia according to records, we can see the worst drought for 100 years or more. the situation affects mainly more than 50% of the catalan territory stop mostly the coastal area, which is also the most populated area with 6 million people. the most populated area with 6 million people.— most populated area with 6 million people. the state of emergency _ million people. the state of emergency means - million people. the state of emergency means that - million people. the state of. emergency means that water million people. the state of - emergency means that water use is being tightly restricted. town halls have to limit the amount of water per inhabitant. to 200 litres per day. swimming pools cannot be refilled in the industry must cut back water use by a quarter. those who flout the restrictions will face fines. in addition, the flow of water along several major rivers is being heavily reduced. in recent years, catalonia has diversified its water supply,

catalonia has diversified its watersupply, meaning it catalonia has diversified its water supply, meaning it now depends less on rainfall and more on recycled and desalinated water. however, as the drought deepens, it is having to take some more drastic measures, with the port of barcelona preparing to receive boatloads of water from other parts of the country. with —— but the impact could be much greater for with —— but the impact could be much greaterfor rural catalonia, where much greater for rural catalonia, where livestock farmers must cut water use by half and crop farmers by 80%. these farmers occupied a central barcelona. protesting at eu farming regulations. but they are also dismayed by the drought and the new water restrictions. translation: right now, it is a moment when you think, either i try and get through this, or i will close down my farm. we have to cut the use of water by 80%. i am thinking about closing the business down.—

thinking about closing the business down. only rain can solve this — business down. only rain can solve this crisis, _ business down. only rain can solve this crisis, but - business down. only rain can solve this crisis, but after- solve this crisis, but after more than three years of drought, catalans don't know when it will come. another story making headlines... shares of ride—sharing company lyft surged after it reported quarterly earnings that beat analyst expectations. however, lyft�*s finance chief has since said the firm had misstated its profit margin for 2024. it had indicated growth of 5 percentage points instead of 0.5%. this caused shares to pull back, from an over 60%jump to under 20% in after—hours trading. a usjudge has set a date for a massive antitrust lawsuit against the online retailer amazon — for october 2026. the us's main competition regulator has accused amazon of operating an illegal monopoly — including by preventing sellers offering their products cheaper on other platforms.

it follows a four year investigation and could result in the company being forced to sell part of its business. it comes as the company's chief executive jeff bezos sells another $2 billion in shares — taking his total sale to $4 billion in less than a week of trading. the stock closed down more than 2% in us trading. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories| from across the uk. when darren was diagnosed with bone marrow cancer myeloma three years ago, since then, he's undergone chemotherapy in barnsley and is now about to start a round of stem cell treatments. it's a lifesaver. i mean, it might have been that like, say, 20 years ago, it might have been a couple of tablets. things like that, just to try to help. yeah, we do.

we do get the best results from stemcell donors. he's having a tour of a new lab just off the m1 in south yorkshire, where his healthy stem cells are being frozen and stored, ready to be re—infused into his body. when we give chemotherapy to somebody to cure their cancer, there is a risk that we might damage these stem cells or even killing them. so one way of treating cancer by giving lots of chemotherapy is to take these cells out of the person first and then give the chemotherapy you want. and then a day or two later, we put the stem cell back. this centre is thought to be one of the biggest in europe and serves hospitals across the north of the uk. people likejonathan rush the cells between hospitals and the lab, ready to deliver treatment at a moment's notice. in yorkshire, the demand for stem cells is high, which means the nhs needs more donors. for more stories . from across the uk, head to the bbc news website.

hey, happy pancake day. tonight, how to take 28 a—levels, the super bowl makes history and biden has entered his tiktok era. but first, three women have been found guilty of terrorism offences after displaying images of paragliders at a pro—palestinian march in london last october. paragliders were used by hamas during its attack on israel. hamas has been labelled a terrorist organisation by the uk government. the women were each given a 12—month conditional discharge, which means they won't be punished unless they commit further offences during the same period. some other stories now. the super bowl set a new record on sunday. it was the most watched show since the moon landing in 1969. it reached 123 million viewers in the us, which is almost double the entire population

of the uk. the first ever caption from presidentjoe biden's new tiktok account. his campaign launched during the super bowl, even though the app is banned on most us government devices because of security concerns. and how would you like to take on 28 a—level exams? this sixth form student from slough is taking four through her school and studying for the other 24 with her mum. and we will leave you with ten seconds of ex—army seals — a grey seal colony have been using an ex—military base in suffolk as a breeding ground. the species was once under threat but now it is absolutely thriving. that's you all caught up now. have a good night.

hello and welcome to sportsday. i'm chetan pathak. coming up on the programme: trying to win back to back titles — manchester city edge closer to the quarterfinals as the european champions league resumes. the most expensive women's footballer in history, zambia's racheal kundananj, is heading to america. and saudi arabia continues to spend big on sport — as world snooker announces a fourth major coming later this year. welcome along, thank you forjoining us. we start with the return of the european champions league

and manchester city's quest to keep hold of their trophy. they're looking good to reach the quarterfinals after winning the first leg of their last 16 tie 3—1 at fc copenhagen. it wasn't entirely straightforward for them though. straightforward kevin de bruyne put them ahead inside ten minutes, but the danish champions took advantage of a poor clearance from goalkeeper ederson — as magnus mattsson equalised with a fantastic strike. however, it wasn't level for long — bernardo silva making it 2—1 to cityjust before half—time with a clever flick after a ball from de bruyne deflected through to him. it looked like that's how it would finish — but the holders ensured they left with a two—goal cushion thanks to phil foden's late strike in stoppage time. arguably the most serious challengers to city's crown are the record 14 time winners real madrid — and they've won the first leg of their last 16 tie 1—0 at rb leipzig. it was a former city player, brahim diaz, who got the only goal

of the game in germany. he did thejude bellingham celebration, in support