the us promises more major sanctions on russia. we look at what this could mean for the economy. and — how climate change is hitting the panama canal, exacerbating the supply chain crisis. welcome to asia business report. let's begin in the us, with just announced plans to impose major sanctions on russia. officials say the measure also target a range of items, including sources of revenue for the economy. the move follows the death of prominent russian opposition leader alexei navalny, as the war in ukraine rages on.

more from new york. when news broke on friday that alexei navalny, the foremost critic of russian president putin, died in an arctic prison, questions arose of how the us would respond. now we have one answer. the us is expected to announce further sanctions against russia. this comes as washington struggles to agree on funding to assist ukrainian armed forces. this week marks the 2—year anniversary of russia's full—scale invasion of ukraine. at the start, the us enacted a slew of economic sanctions against russia. those included freezing russian banks and businesses out of western financial markets, and along with europe, canada and japan, freezing some $300 billion of russian central bank assets. the us also enforced economic restrictions on russia's oligarchs and banned russian energy imports. all this was intended to dampen the country's economic and military power and ultimately stem its might in the war.

russia's economy has weathered the effects of these and is growing at a better pace than expected. the imf predicted last month that russia's gross domestic product would grow by 2.6% this year. we don't know yet what will be included in the sanctions but national security council spokesmanjohn kirby said, it will be "to hold russia accountable for "what happened to mr navalny, and, "quite frankly, for all of its actions over the course "of this and brutal war that has now "raged on for two years". major hong kong—based lender hsbc is due to report latest results. there are question marks over operations in asia, particularly when china's economy has been slowing with the government rolling out measures can signed to get consumers spending. earlier this week the chinese central bank cut its lending rate used to price mortgages

and lowered the cash banks need to keep in reserve last month. harry from moody's analytics. china has had a lacklustre start to 2024, building on a poor �*23. so investors have been calling out for more support. i think this cut yesterday goes someway in appeasing that. ultimately, though cutting rates is not enough to shift the dial in china's economy. it's more of a stop—gap until we get to the two sessions next month, where we will see a broader stimulus program rolled out, in terms of monetary policy, but on the fiscal side. other stories. amazon founderjeff bezos has finished plans which you disclosed earlier this month to sell around 50 million shares in the e—commerce company. later sale of 1a million shares disclosed in regulatory finding, filing means he has

cashed out $8.5 billion in recent weeks. mr bezos has not spoken about his plans for the money and he also owns space exploration company blue 0rigin. protesting indian farmers say they will resume a march to new delhi. this comes after negotiations with the government fell through. the government proposed buying pulses, maize and cotton at guaranteed prices on a 5—year contract. farmers insist it be extended to 20 more crops. the farmers started to make their way to the capital last week. the farmers were around 200km away from the capital when they were stopped by security. there is good news elsewhere in asia with the philippines seeing travel return to pre—pandemic levels. the country and expanding airports to meet increased demand. monica miller spoke to

philippines transport secretary about the impact of the $3 billion reconstruction amidst international airport in manila. this will increase capacity of the airport from 35 million passengers per annum, to 60 million within the next six years. right now, we are already handling almost 50 million passengers per annum. we have around 130,000—140,000 passengers every day. will that hav ean impact and delay flights in the region? what we plan to do is to expand some terminals. maybe we will fix some of the existing terminals, but that would not result to major disruptions. you used to run philippine airlines. you were the president. i'm wondering what your thoughts are right now

on boeing 737 max? philippines airlines used to operate the boeing 737—300s, but during my time, we replaced this with airbus 320s. we have not ordered the 737s. why did you do that? you know, we had a full evaluation of the fleet, the organisation of the airline. we looked at all the advantages and disadvantages of operating both aeroplanes and our study shows that we will be more successful if we operate the airbus 320. safety is always paramount in terms of making decisions. during the time that we selected the airbus, we think that the other aeroplanes are also safe.

as you have been reporting in recent months, global shipping has been disrupted by houthi attacks on ships heading to the suez canal. across the atlantic, the other canal vital to international trade, the panama, is also suffering. the culprit? climate change. here is michelle fleury with more. is this the world's most expensive traffic jam? ships lined up for days outside the panama canal last august, roughly $270 billion worth of cago flows through each year. this vital link between oceans is running out of water. that is a huge problem for shipping companies and could spell trouble for trade. the number of vessels that can pass through a day has been slashed from 36 to 24. jose cervantez from

a shipping company told me the short cut between the pacific and atlantic oceans is the natural route, warning if it's blocked, alternatives are needed, meaning more time and extra costs. unlike the suez, the panama works by lifting boats up by locks into an artificial lake 85—feet above sea level. but it means now the canal here is reliant on rain water, in short supply. 2023 was the second driest year in the history of the canal. the ca nal�*s chief sustainability officer says the drought, made worse by el nino, is expected to last to may. the big problem is lack of rain. in the rainy season, may to december, we are meant to fill the lakes. this year there was very little rain. we had an el nino year. now we are in summer, the lakes started with very low levels. we had to cut down on the ships

transiting the canal to maintain the lake level through the summer. on this fresh water reservoir that feeds the locks, the canal�*s hydrologist showed us firsthand the scale. the level is, as you see in the rule, is 81.2 feet. the level should be five feet more than now. to conserve water, fewer boats are allowed to pass through each day. this is one of the lucky ones. a changing climate is putting billions of dollars of trade at risk and raises difficult questions about the future of this engineering marvel. the canal authority is trying to reuse as much water as possible. it's considering building more reservoirs to store water and is exploring cloud seeding to make it rain more. we believe it is climate change. if you look at the world in 2023, the amazon river, very low.

mississippi river had to stop transits, very low level. it's not only panama but the world that has seen a lot of different climate situations this 2023. while other routes are for disruption from politics and piracy, the problems that of the panama are a reminder climate change may yet be the biggest crisis for global trade. michelle fleury, bbc news, panama canal. imagine being able to control a computer mouse with just your thoughts? that that is what the first human patient of brain chip start—up neuralink can do, according to elon musk, the founder. he says they've made a full recovery "with no ill "effects that we are aware of" — his quote. the chipp was planted last month, with the goal to connect human brains to computers to tackle complex neurological conditions. that's it for this

edition of asia business report. thanks for watching. voice-over: bbc news, - bringing you different stories from across the uk. every step is going on the right— every step is going on the right direction. this was not available, even when i lived here — available, even when i lived here~ i_ available, even when i lived here. i neverturned available, even when i lived here. i never turned to the mountains for something to do. area _ mountains for something to do. area has — mountains for something to do. area has so much to offer. it's more than just a landscape. to some people it is a lifeline. it's massive get people outdoors, to socialise, with others _ outdoors, to socialise, with others who have gone through the same _ others who have gone through the same difficulties. fiver others who have gone through the same difficulties.- the same difficulties. over 20 ears the same difficulties. over 20 years rob _ the same difficulties. over 20 years rob battled _ the same difficulties. over 20 years rob battled his - years rob battled his addictions that destroyed his life. , , ., addictions that destroyed his

life. , ., ., ., life. drugs and alcohol that he isolation- _ life. drugs and alcohol that he isolation- i _ life. drugs and alcohol that he isolation. i ruined _ life. drugs and alcohol that he isolation. i ruined my- isolation. i ruined my relationships and they'd gone downhill. �* . , relationships and they'd gone downhill. �* ., , downhill. after many sober walks he — downhill. after many sober walks he has _ downhill. after many sober walks he has created - downhill. after many sober walks he has created sober snowdonia, a walking group of people who've been similar charges. i people who've been similar charaes. ., , ., charges. i thought i should make it available, - charges. i thought i should make it available, it - charges. i thought i should i make it available, it available to anyone who chooses to do it, but organise walks up the mountain and invite other pe0ple _ mountain and invite other people suffering with addiction or in_ people suffering with addiction or in recovery, even family members _ or in recovery, even family members of people struggling. voice-over: for more - stories from across the uk, head to the bbc news website. hey, i'm rachel with the catch up. pressure on israel. tom lockyer speaks out. fashion week wraps. in the middle east, pressure is building on israel to pause its war in gaza. the us, one of israel's biggest supporters,

wants the un to vote for a temporary ceasefire, that's when both sides stop fighting for a bit. it warned israel against invading rafah, an overcrowded city in the south where more than one million palestinians have been forced to shelter. here, the labour party has gone further and called for an immediate humanitarian ceasefire for the first time. kier starmer already called for the fighting to stop but avoided using that specific phrase until now. prince william has spoken out. he says he wants to see an end to the fighting as soon as possible. next: it's not often we hear a footballer talk openly about the lowest point in their career. luton's captain tom lockyer has spoke to the bbc about how his heart literally stopped when he collapsed in a match before christmas.

it will depend what doctors tell him. he says he is living a normal life and talking about it helps. time now for ten seconds of glamour at london fashion week. everyone from skepta to anna wintour is in town to rate a0 years, including naomi campbell who wrapped things up walking at burberry�*s closing show. you're all caught up. see ya.

hello and welcome to sportsday with me, marc edwards. here is what we have got coming up here is what we have got coming up on the show. haaland the hero, as manchester city bank their game in hand with a win over brentford. the real deal. mbappe on the move to madrid, as the la liga giants get the world's most wanted man. the yorkshire chairman, colin graves, explains why he has never personally apologised to azeem rafiq for the abuse he suffered at the club.

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