sustainable. hi there. welcome to asia business report. let's start this morning in china and some signs of recovery in the world's second biggest economy. tourism spending over this month's lunar new yearjumping by 50% to almost $90 billion — surpassing pre—covid levels according to government data. china's markets have also just reopened for the first time in more than a week. but we also saw the country's central bank keeping a key interest rate on hold over the weekend. a chief analyst at online trading broker age, analyst at online trading brokerage, gtc, and he analyst at online trading broker age, gtc, and he gave me his sense of the data.— his sense of the data. pretty much what _ his sense of the data. pretty much what we've _ his sense of the data. pretty much what we've seen - his sense of the data. pretty much what we've seen is - his sense of the data. pretty l much what we've seen is since the chinese economy did reopen following what was pretty much three years of lockdown, we have seen underwhelming data. this data regarding the increased tourism spending — yes, it looks like it is

hitting the right path as we enter into 202a. but it is just one set of data so far and we need to see more to get more optimism about the chinese economy getting back on to the road once again. when it comes to the central bank decision — not so much of a surprise. everybody in the central bank world and the investor world is waiting for the central bank of when it is going to cut interest rates into 202a. we've already seen the best move from march to may and now expectations there. there could be some capital flows. at the same point, investing in capital outflows is so important that's when the emerging markets will sit on their hands as to when we have some real clarity on when the fed will change policy. but my lifelon: fed will change policy. but my lifelong obsession _ fed will change policy. but my lifelong obsession of- fed will change policy. but my lifelong obsession of the - lifelong obsession of the nikkei 225 flirting with its all—time high. what is happening there? the economy fell into recession according

to the latest data. is it all just an economic certainty. the correlation _ just an economic certainty. the correlation when _ just an economic certainty. the correlation when it _ just an economic certainty. tue: correlation when it comes just an economic certainty. tte: correlation when it comes to correlations and in this case, the japanese nickolodeon. the correlation —— nikkei. i think we're seeing that the nikkei is going in there for the best month for three years. of course, the s&p 500 and the dow jones earlier in 2024 had hit record highs. but we've always known and that is one form of traditional economic that is we see. the japanese yen is weak. the us see. the japanese yen is weak. the us djy, see. the japanese yen is weak. the us djy, that's a boost for the japanese market because of the japanese market because of the exports and the impact on companies. that has really propelled the nikkei up into the higher level and will follow for years. we still need to see where the bank of japan sits as well, and that would have implications on the stock market. ~ ., ., have implications on the stock

market. ~ . ., have implications on the stock market. . ., , . market. what are you expecting from the fed? _ market. what are you expecting from the fed? because - market. what are you expecting from the fed? because there'sl market. what are you expecting | from the fed? because there's a lot of speculation on when the rate cut might come? the data with the fed, seeing what willl with the fed, seeing what will be there this week. investors will be stocking them up because we already know that the fed will be looking at more recent data than the most recent data than the most recent policy meeting. i do think that investors are looking towards june think that investors are looking towardsjune at think that investors are looking towards june at the earliest for a us interest rate cut. that is a big push back from where we were six weeks ago where we thought that it would be march. we've shifted back to may. i think that the economic data is very strong, if you look at the ppi and the inflation and so forth. looking atjune as the earliest, subject to change depending on the data. in subject to change depending on the data. ., , ., the data. in other news now, a eumpean _ the data. in other news now, a european union _ the data. in other news now, a european union mission - the data. in other news now, a european union mission to - european union mission to protect commercial veries against houthi attacks in the red sea is due to launch later today. the ongoing disruption today. the ongoing disruption to cargo shipments between asia and europe is causing companies to re—route to a much longer passage which is having an impact on supply chains. let's turn now to the aviation industry. because singapore has just announced that it will

require all flights departing the country to use sustainable aviation fuel from 2026. this is part of a global effort to achieve net zero emissions by 2050, but it is a race against time to produce enough sustainable fuel to meet growing demands. ahead of the singapore air show, my colleague takes a look at how it is made from the flyer to the re —— fryer to the refinery. this cooking oil may seem like it has served its purpose, but for aviation, it has served its purpose, but foraviation, it it has served its purpose, but for aviation, it is gold as it looks to cut its carbon footprint.— looks to cut its carbon footrint. , , ., , footprint. the it is constantly . rowinu footprint. the it is constantly growing every _ footprint. the it is constantly growing every month. - footprint. the it is constantly growing every month. everyl growing every month. every month we have more. fat and collecting _ month we have more. fat and collecting it — month we have more. fat and collecting it from _ month we have more. fat and collecting it from mcdonalds i collecting it from mcdonalds and kfc and production plants in kuala lumpurand

and kfc and production plants in kuala lumpur and singapore. the energy portfolio of the future will be extremely diversified and extremely indigenous. br; diversified and extremely indigenous.— diversified and extremely indirenous. j , ., , indigenous. by some estimates, lane indigenous. by some estimates, plane engines — indigenous. by some estimates, plane engines account _ indigenous. by some estimates, plane engines account for- indigenous. by some estimates, plane engines account for 3.596 i plane engines account for 3.5% of global warming. but by 2050, this sector has set its sights on being net zero, or as the british government calls it — jet zero. 0ne british government calls it — jet zero. one way to get there is by using sustainable aviation fuel, which is made up of vegetable oils and animal fats, ratherthan of vegetable oils and animal fats, rather than fossil fuels. but right now, it makes up less than i% of the aviation fuel supply. the industry is going to need almost 500 tonnes to meet its decarbonisation goal. to get there — a lot of chips in the fryer. finnish company, neste, the world's largest producer, recently built a refinery here in south—east asia. but here's the challenge — sustainable aviation fuel is 3-5 — sustainable aviation fuel is 3—5 times more expensive than traditionaljet fuel. tt’s 3-5 times more expensive than

traditionaljet fuel.— traditional 'et fuel. it's not easy for— traditionaljet fuel. it's not easy for airlines _ traditionaljet fuel. it's not easy for airlines to - traditionaljet fuel. it's not easy for airlines to just - easy for airlines to just switch to more costly sustainable aviation fuel if their competitors are not required to do the same. and that's why regulators, regulatory actions to set minimum requirements for sustainable aviation fuel use in the airports is critical in creating that demand. industry exerts creating that demand. industry exoerts also — creating that demand. industry experts also warn _ creating that demand. industry experts also warn this - experts also warn this alternative fuel isn't a silver bullet. ., bullet. untilwe have alternative _ bullet. untilwe have alternative modes i bullet. untilwe have alternative modes ofj bullet. untilwe have _ alternative modes of propulsion like hydrogen, we are stuck with— like hydrogen, we are stuck with having to have a fuel. and here, _ with having to have a fuel. and here, beauty is with a sustainable aviation fuels is that— sustainable aviation fuels is that they are made entirely from — that they are made entirely from renewable inputs. so we completely replace the source of the — completely replace the source of the fuel when we use saf. but we — of the fuel when we use saf. but we cannot totally eliminate the emissions because it's still— the emissions because it's still a _ the emissions because it's still a combustion engine. the aviation industry _ still a combustion engine. t'te: aviation industry was still a combustion engine. tte: aviation industry was built on finding ways to defy gravity. but without concrete mandates

to boost investment from governments, a jet zero operation could face substantial headwinds. if you want to know more about sustainable aviation fuel, do check out the bbc�*s podcast. 0ver check out the bbc�*s podcast. over the weekend, china's comac airliner, the narrow body c-i909, airliner, the narrow body c—i909, staged a fly by at the singapore air show. the plane is only certified within china at the moment and it made its debut flying domestically for china eastern last year. australia's flagship carrier, qantas, is also due to report its latest financial results later this week. ellis taylor, a flight data company, told me what lies ahead for the aviation industry in leading manufacturers like boeing and airbus. �* ., manufacturers like boeing and airbus. ~ , , manufacturers like boeing and airbus. ~ , airbus. both airbus and boeing and their suppliers _ airbus. both airbus and boeing and their suppliers are - airbus. both airbus and boeing and their suppliers are really i and their suppliers are really backed up from the covid pandemic. then haven't been

able to get out as many aircraft as they wanted. and we have to understand that a few years ago, everybody thought that this was going to be a slow recovery for the aviation industry. and instead, it's been a fast one and it's been sustained and it's now growing above where it was prior to the pandemic. so that's really going to put a lot of pressure on airbulls and boeing to get jets out the door. and it puts a lot of pressure on airlines as well to try to source older aircraft where they can in the market and that's getting few and far between. th market and that's getting few and far between.— market and that's getting few and far between. in terms of am terntives. _ and far between. in terms of am terntives, there _ and far between. in terms of am terntives, there aren't _ and far between. in terms of am terntives, there aren't that - terntives, there aren't that many. but we've been hearing a lot more about china's comac. what is your take on that? do you think that some of the carriers might go to the chinese plane maker? t carriers might go to the chinese plane maker? i think it will be a while _ chinese plane maker? i think it will be a while and _ chinese plane maker? i think it will be a while and they'll - will be a while and they'll want to see the c—919 build—up which has to be comparable to airbulls and boeing. there are two or three of them in service just in china. then don't have any overseas there. given the c-919 will any overseas there. given the

c—919 will be at the singapore c—9i9 will be at the singapore air showas that they're trying to get it out there that this is a jet that will one day fly in different parts of the world outside of china.— in different parts of the world outside of china. let's update outside of china. let's update ou with outside of china. let's update you with other— outside of china. let's update you with other business - outside of china. let's update | you with other business news. china has agreed to lift a long standing ban on imfors of spanish beef. it's been in place since the year 2000 when china banned beef imports after mad cow disease. it came after talks in spain between the two country's foreign ministers and spain's foreign minister said that lifting the embargo is good news for spanish farmers whojoined other eu good news for spanish farmers who joined other eu farmers good news for spanish farmers whojoined other eu farmers in what they say is budsome regulations, high cost and chief imports. let's stay with the protests. authorities in the czech capital, prague, have asked people to work from home on monday as the agricultural union threatens to bring the city centre to a standstill with up to 1,000 tractors. they're demanding the czech government withdraw from the eu's green deal, which they say

will hurt the farming sector. it includes a plan to halve the use of pesticides, reduce fertiliser use and cut greenhouse gas emissions. mean while, thousands of indian farmers demanding higher prices for their crops have paused a march to india's capital of new delhi while their unions hold talks with government ministers. that is it for this edition of asia business report. join us again next hour if you can. for now, thank you so much for watching. when i lived here, i never turned to the mountains. this area has so — turned to the mountains. this area has so much _ turned to the mountains. this area has so much more - turned to the mountains. this area has so much more to offer.

it's more thanjust area has so much more to offer. it's more than just a landscape. to some, it's a lifeline. ., landscape. to some, it's a lifeline-— lifeline. to get people outdoors. _ lifeline. to get people outdoors. and - lifeline. to get people outdoors. and to - lifeline. to get people - outdoors. and to socialise. and to people who have gone through the same difficulties. {lister to people who have gone through the same difficulties.— the same difficulties. over a eriod the same difficulties. over a period of— the same difficulties. over a period of 20 _ the same difficulties. over a period of 20 years, - the same difficulties. over a period of 20 years, rob - the same difficulties. over a i period of 20 years, rob battled his addictions. that destroyed his addictions. that destroyed his life. t his addictions. that destroyed his life. . , . his addictions. that destroyed his life. . , his addictions. that destroyed hislife. ., , ., , his life. i was a very lonely person- — his life. i was a very lonely person- i _ his life. i was a very lonely person. i was _ his life. i was a very lonely person. i was broken. i his life. i was a very lonely person. iwas broken. i. his life. i was a very lonely i person. iwas broken. i ruined all of my friendships with loved ones. all of the relationships were gone downhill.— relationships were gone downhill. �* ., , ., downhill. after many solo walks, downhill. after many solo walks. he's _ downhill. after many solo walks, he's now- downhill. after many solo walks, he's now created l downhill. after many solo i walks, he's now created sober snowdonia, a walking group for people with similar challenges. i thought that i should make this available. 0bviously, i thought that i should make this available. obviously, it is available to anyone should they chose to do it. but organised walks up a mountain and invite other people suffering with addiction, or in recovery or you know, even family members who have people struggling. for more stories from across the uk, head to the bbc news

website. the world of film is changing faster and faster all the time. the global talking movies team brings you up to date in the latest on movie making from around the world.— latest on movie making from around the world. stories from other cultures. _ around the world. stories from other cultures. interviewing i other cultures. interviewing to - other cultures. interviewing top film-makers _ other cultures. interviewing top film-makers and i other cultures. interviewing top film-makers and stars. | top film—makers and stars. didn't think i'd ever seen anything in there.- didn't think i'd ever seen anything in there. from block house, anything in there. from block house. we'll _ anything in there. from block house, we'll spotlight - anything in there. from block house, we'll spotlight the i house, we'll spotlight the brilliant and unique voices bringing their stories to the big screen. then learn respect, they learn respect for the crew mates and for the coaches and the

teammates here. and we're also keen on the fact that they should have respect for life. the local high school is perfectly placed standing on the bank of the river mersey. if we change over, do you want to stop? if we change over, do you want to sto - ? . . if we change over, do you want to sto? . ., ., to stop? richard co-founded the charity that _ to stop? richard co-founded the charity that makes _ to stop? richard co-founded the charity that makes this - charity that makes this problem. charity that makes this problem-— charity that makes this problem. charity that makes this roblem. ., _ , ., . , problem. one of the by products of what we _ problem. one of the by products of what we did _ problem. one of the by products of what we did was _ problem. one of the by products of what we did was we _ problem. one of the by products of what we did was we wanted i problem. one of the by products| of what we did was we wanted to smash the elitist image of the sport and bring it back to the grassroots and to show the world that you don't have to be an uxbridge graduate to take part in sport. t an uxbridge graduate to take part in sport-— part in sport. i love doing rowing- _ part in sport. i love doing rowing. it's _ part in sport. i love doing rowing. it's quite - part in sport. i love doing rowing. it's quite a i part in sport. i love doing rowing. it's quite a fun i part in sport. i love doing i rowing. it's quite a fun sport, because — rowing. it's quite a fun sport, because i_ rowing. it's quite a fun sport, because i normally do basketball. so doing rowing is a big — basketball. so doing rowing is a big change for me. but it is really— a big change for me. but it is really fun_ a big change for me. but it is really fun to do.— really fun to do. together, together- _ really fun to do. together, together. i'd _ really fun to do. together, together. i'd love - really fun to do. together, together. i'd love to i really fun to do. together, together. i'd love to do i really fun to do. together, together. i'd love to do it i together. i'd love to do it more in _ together. i'd love to do it more in the _ together. i'd love to do it more in the future. i together. i'd love to do it more in the future. like, | together. i'd love to do it| more in the future. like, i really— more in the future. like, i really enjoy _ more in the future. like, i really enjoy it _ more in the future. like, i really enjoy it now. - more in the future. like, i really enjoy it now. so i more in the future. like, i really enjoy it now. so it l really enjoy it now. so it would _ really enjoy it now. so it would he _ really enjoy it now. so it would be great - really enjoy it now. so it would be great to - really enjoy it now. so it would be great to do i really enjoy it now. so it would be great to do it i really enjoy it now. so iti would be great to do it at really enjoy it now. so it - would be great to do it at some point _ would be great to do it at some point in — would be great to do it at some point in the _ would be great to do it at some point in the future. _ would be great to do it at some point in the future. so- would be great to do it at some point in the future.— point in the future. so you're lad point in the future. so you're glad you _ point in the future. so you're glad you had _ point in the future. so you're glad you had this _ point in the future. so you're i glad you had this opportunity? yeah, absolutely. for— yeah, absolutely. for more - yeah, absolutely. for more storiesi yeah, absolutely. i for more stories from yeah, absolutely. _ for more stories from across the uk, head to the bbc news

website. hello and welcome to sportsday, i'm hugh ferris. here's what's coming up on the programme: a margin of defeat to question the method — england are beaten by india by 434 runs in rajkot. rasmus' run continues — the danish striker scores again, as manchester united win in the premier league. and jannik sinner stretches his unbeaten start to the year to 15. he's the rotterdam 0pen champion. hello there and welcome along to sportsday. it's fair to say england's approach to test cricket has been nothing short of entertaining. high octane

at the best of times. but, in rajkot their swashbuckling attitude backfired beaten heavily by india in the 3rd test losing by 434 runs to go 2—1 down in the five match series. day four started with yashasvi jaiswal matching the record for 12 sixes in a test innings. he ended unbeaten on 214 as india declared on 430—4. that set england a total of 557, which they never even got close to. bowled out for 122 to lose by a margin that for england is their largest in terms of runs since 1934 and india's biggest win that way in history. it's a very good feeling to win a game like that, and especially with such a young team. you know, two debutantes and not a lot of test matches amongst the playing 11 as well.

so a lot of credit to