i'm arunoday mukharji. voters in southeast asia's largest economy — indonesia — have begun casting their votes for the country's next president. polls opened at 7am local time across the archepelago. but whoever wins will have big challenges ahead — including improving growth and creating jobs. injakarta, my colleague steve lai has the story. the current president bos chief of staff says indonesia is what is known a middle income trap where it is struggling to get to the next level. he spoke to my colleague injakarta. 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 for17 years, and there is no— income trap for 17 years, and there is no sign when we can escape — there is no sign when we can escape from this trap. to me as a technocrat i think this is the — a technocrat i think this is the most _ a technocrat i think this is the most challenging problem we have at _ the most challenging problem we have at the moment. i think we would _ have at the moment. i think we would need six to 7% growth if we want — would need six to 7% growth if we want to escape this middle income — we want to escape this middle income trap. is we want to escape this middle income trap-— income trap. is low over the consummate _ income trap. is low over the consummate president - income trap. is low over the consummate president of. consummate president of indonesia will face this challenge of moving indonesia up. i used this analogy, like a hill. there is the upstream and downstream. the upstream concerns human development. in concerns human development. in the downstream, it is the performance of a country the performance of a country the performance of a state. what i notice — performance of a state. what i notice is — performance of a state. what i notice is that the government has spent a lot in the upstream, but if you look at the downstream, that entrapment, being trapped in the middle income is included. i the middle income is included. idon't —

the middle income is included. i don't think it works well. so there — i don't think it works well. so there must be a problem in the middle — there must be a problem in the middle train upstream and downstream. and if i may understand this problem, i would _ understand this problem, i would say to governance problem. so governance to me is the biggest challenge of the moment through which i think we can leverage our development, our development performance. so, our development performance. so. i_ our development performance. so. ithink— our development performance. so, i think whoever wins the election— so, i think whoever wins the election in 2024, yes, the challenge remains, but i think the success would depend on how much _ the success would depend on how much they— the success would depend on how much they knew —— the new government would be able to improve _ government would be able to improve the covenants. so that the development can be achieved, that's what i believe. steve, good to have you back.

what are some of those big economic issues that find centre stage in these elections?— centre stage in these elections? ~ ~ ., elections? well, i think about it, elections? well, i think about it. because — elections? well, i think about it, because of _ elections? well, i think about it, because of indonesia's - it, because of indonesia's young population, 52% of the electorate is under the age of 40, jobs is primarily their concern. another statistic, unemployment in indonesia is about 5% but if you dig deeper into that, you will find for those under the age of 25, the employment rate is i9% so it's very much jobs employment rate is i9% so it's very muchjobs on employment rate is i9% so it's very much jobs on the minds of young people. ispoke very much jobs on the minds of young people. i spoke to some students and they told me that there are number one concern. you can vote in indonesia at the age of 17, so the people i spoke to, it is the second election, there are about to enter the workforce now and they are a lot more clued in to what the candidates are saying, they are taking an interest in they are taking an interest in the election, they want to know which candidate is the one the that can provide the mostjobs going forward. you heard yanuar

nugroho talking about governance, that plays into it as well to do with transparency and accountability when it comes to bring in investment and moving in a direction that will create morejobs for indonesia. so at the moment from the people i have spoken to on the ground, jobs is a key concern for those especially for those younger voters that are in such large numbers come into this election.— into this election. steve, thanks very _ into this election. steve, thanks very much. - 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. the fed isn't five three. the market is implied as much as six or seven at one point. 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 different economic situation to the rest of the world. demand growth is pretty weak, supply growth is pretty weak, supply growth is pretty weak, supply growth is very strong and as a result you are getting a lot of excess supply, that is pulling down inflation domestically.

but also, it is resulting in chinese exporters exporting under this inflation pressure overseas and we have seen export prices come down significantly over the past few quarters. almost entirely reversing the jump quarters. almost entirely reversing thejump in export prices we saw during the pandemic. prices we saw during the pandemic-— prices we saw during the andemic. ,., _ pandemic. on the policy level, what more _ pandemic. on the policy level, what more can _ pandemic. on the policy level, what more can be _ pandemic. on the policy level, what more can be done - pandemic. on the policy level, what more can be done whichl pandemic. on the policy level, i what more can be done which are what more can be done which are what needs to be done is refocus on boosting the demand side of the economy other than supply—side. so side of the economy other than snooty-side— supply-side. so far that is not really been — supply-side. so far that is not really been the _ supply-side. so far that is not really been the approach - supply-side. so far that is not really been the approach the l really been the approach the officials are taking. they are still focusing very much on supporting investment and because of the concerns about economic security and the rights on foreign countries, they are very much focused on investing more money in manufacturing supply. obviously, when you do that, maybe reduce the need for foreign imports but a lot of that additional capacity gets exported abroad so you become more dependent on foreign

demand. let's quickly cross to hong kong, where the stock exchange is holding a ceremony to mark the first trading day in the new lunar year of the dragon. those are the officials that are now coming in from the hong kong stock exchange, just to add, last week the stock exchange announced its outgoing chief executive leave months earlier than planned. this comes as it was rapid without trading activity. —— with low trading activity. —— with low trading activity. open ai says it's rolling out a new feature that will make conversations with its chat gpt bot more helpful to users. our north america business correspondent erin delmore is in new york with more on the story. chatgpt is chatg pt is getting chatgpt is getting a little bit smarter, orat least chatgpt is getting a little bit smarter, or at least its memory is getting better. open ai announced in a blog post on tuesday its generative ai chat bot is gaining the ability to

remember details from past chats. some users are getting to test the new feature in a limited roll—out. you will be able to ask chatgpt to remember specific information for future chats, and the chat bot will have its own ability to decipher pieces of a user's conversation worth remembering. this speaks to the heart of generative ai artificial intelligence technology that is able to generate new content based on the content on which it is trained or in response to prompts. and it might be a boon for the company, which has 100 million weekly users. on the blog post, the company said users can explicitly tell chatgpt to remember something orforget something, ask chatgpt or forget something, ask chatgpt not if it orforget something, ask chatgpt not if it remembers a time of the feature entirely. we reached out to help an eye on the company said the new feature will be rolled out to a small portion of free and class users of chatgpt this week. and there are share plans for a wider roll—out but there is no time for that right now.

another story making headlines... but i think we can go to indonesia once again where i get more news of voting which has begun. this man is currently casting his vote, he is one of the candidates who are standing in the presidential elections. of course, the wide expectation is that this election is going in favour of prabowo subianto, who seems to be the primary candidate at least as far as analysts are concerned. there other predictions and we have been getting live pictures from indonesia all through this morning and it's a story we will continue to track as well. just a quick update. 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 o.5%. this caused shares to pull back, from an over 60%jump to under 20% in after—hours trading. but then the finance chief >> reporter—macroactually predicted at o.5%. that's all for the moment, the news continues on bbc news. bbc news — bringing you different stories| from across the uk. when darren was diagnosed with bone marrow cancer myeloma three years ago, his life was changed forever. 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 stem cell donors. he's having a tour

of a new lab just off the mi 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, i'mjulia with the catch up. 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 offence after displaying images of paragliders at a pro—palestinian march in london last october. paragliders were used by hamas during its attacks on israel. hamas has been labeled a terrorist organisation by the uk government. the women were each given a 12 month conditional discharge, meaning 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. yes, it was the most watched show since the moon landing in 1969. it reached 123 million viewers in the us. "lol. hey guys." that is the first ever caption from presidentjoe biden's new tiktok account.

his campaign launched it 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? mahnoor cheema, a sixth form student from slough, is taking four through her school and is studying for the other 24 with her mum. i will leave you with ten seconds of ex—army seals. a grey seal colony has been using an ex—military base in suffolk as a breeding ground. the species was once under threat, but now it's absolutely thriving. that's you all caught up. 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. 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