i'm steve lai injakarta, as one of asia's largest democracies is heading to the polls. we'll bring you the latest on what it means for businesses and jobs. signs hot but may be further running hot but may be further away than anticipated. i'm arunoday mukharji. let's quickly cross to hong kong, where the stock exchange voters in southeast asia's largest economy — indonesia — have begun casting their votes for the country's next president. but whoever wins will have big challenges ahead — including improving growth and creating jobs. injakarta, my colleague steve lai has the story. good to have you back. what is the latest?—

the latest? thank you. polling is under way _ the latest? thank you. polling is under way and _ the latest? thank you. polling is under way and closes - the latest? thank you. polling is under way and closes at - the latest? thank you. pollingi is under way and closes at one when counting will begin. you mentioned it's southeast asia's largest economy, ranks 15th in the world. it'sjust largest economy, ranks 15th in the world. it's just below spain and just above turkey. it's a sizeable country when it comes to its economic weight and what happens in indonesia obviously has an impact around the region as well. like most countries from the pandemic, key concerns our growth and unemployment. others speaking to young people here and they sayjobs to young people here and they say jobs are to young people here and they sayjobs are on their minds when it comes to choosing their candidates. earlier i spoke to ganjar pranowo who is the deputy chief of staff for president widodo and he was familiar with the goals and ambitions during his tenure. i asked about the challenges they will face. we

asked about the challenges they will face. ~ ., asked about the challenges they will face. ~ . ., , , will face. we are trapped in this middle _ will face. we are trapped in this middle income - will face. we are trapped in this middle income and - will face. we are trapped in i this middle income and there will face. we are trapped in - this middle income and there is no sign — this middle income and there is no sign of— this middle income and there is no sign of when we can escape. i think— no sign of when we can escape. i think this _ no sign of when we can escape. i think this is the most challenging problem we have at the moment. ithink challenging problem we have at the moment. i think we would need — the moment. i think we would need six — the moment. i think we would need six or 7% growth to escape this middle income trap. so whoever — this middle income trap. sr whoever becomes this middle income trap. 5r whoever becomes the next president will face this challenge of moving indonesia up. challenge of moving indonesia u . _ �* , ~' ., challenge of moving indonesia u . . �* , ~' ., , up. it's like a hill, the up stream _ up. it's like a hill, the up stream downstream. - up. it's like a hill, the upj stream downstream. the up. it's like a hill, the up— stream downstream. the upstream concerns _ stream downstream. the upstream concerns humans and its downstream which is the performance of the country. i think— performance of the country. i think but_ performance of the country. i think but i— performance of the country. i think but i noticed is the government has spent a lot in the upstream but if you look at the upstream but if you look at the downstream, that entrapment in the _ the downstream, that entrapment in the middle income countries included — in the middle income countries included i— in the middle income countries

included. i don't think that it included. idon't think that it works— included. i don't think that it works well. there must be a problem _ works well. there must be a problem in the middle between upstream and downstream. and if i upstream and downstream. and if i may— upstream and downstream. and if i may understand this problem, i may understand this problem, i would — i may understand this problem, i would permit it as government's problem. so government's problem. so government to make is the biggest _ government to make is the biggest challenge at the moment through— biggest challenge at the moment through which i think we can leverage _ through which i think we can leverage our developmental performance. so, i think whoever wins the election in 2024, yes, the challenge remains, but i think the success would depend on how much the new government would be able to improve the goverment. so that the development can be achieved, that's what i believe.

we will have more from steve through the day and you can also go online as you can see for the latest election updates. live updates coming up on the website. 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. 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 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 thejump in export prices we saw during the pandemic. on the policy level, 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 far that is not 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 forforeign imports but a lot of that additional capacity gets exported abroad so you become more dependent on foreign demand. 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 getting a little bit smarter, orat 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 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. in india as there were protests between police and farmers in which there were barriers to prevent protesters from coming in. our correspondent has been in. our correspondent has been in mumbai. what's the latest since we last spoke? the rotest since we last spoke? the protest situation - since we last spoke? iie: protest situation continues to remain quite dense and it's expected the protests will carry on today. yesterday it

turned violent with tear gas and saw instances of stone pelting by farmers trying to breach some barricades and enter the capital delhi is the situation was tense. the impasse between the government and farmers continues and i think the key sticking point is that demand for making the minimum support crisis into a legal guarantee. this is something that the court has come forward, or rather the government, has come forward and said and there are cost implications to this. it appears like the farmers will be here for a long time at this point in time given that they have said they have rations for six months. makes sense that it will last for long time. this is all months _ will last for long time. this is all months before - will last for long time. this is all months before the indian elections. thank you.

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 202a. 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. but then the finance chief predicted at 0.5%. that's all for the moment, the news continues on bbc news. bbc news — bringing you different stories| from across the uk. 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. the m1 in south yorkshire, where his healthy stem cells into his body. there is a risk that we might damage these stem cells 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.

in yorkshire, the demand for stem cells is high, for more stories from across the uk, head l to the bbc news website. hey, i'mjulia with the catch up. and biden has entered his tiktok era. 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." 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 2a 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.

absolutely thriving. have a good night.

hello and welcome to sportsday. i'm chetan pathak.