wall street sees a record day, as nvidia's post earnings rally powers on. its stock value jumping 250 percent in one day. if you planning summer holiday in europe, he if you planning summer holiday in europe, be ready for putting out cash, they remain elevated making travel even more expensive. bang being hello and welcome to asia business report. i'm steve lai. to the u.s. now, where markets have been rallying around nvidia s big earnings report. the company s been driving gains as one of the leading tech stocks and most valuable companies on wall street, and on thursday, it added $250 billion in stock market value. our north america business correspondent erin delmore has more from new york. nvidia fever is sweeping wall

street and shares rose more than 16% thursday on the strength street and shares rose more than 16% thursday on the strength of street and shares rose more than 16% thursday on the strength of the street and shares rose more than 16% thursday on the strength of the companies earnings report and it came in after the bell on wednesday and handily beat estimates. it showed nvidia sales more than tripled in the fourth quarter and it shows that enthusiasm around artificial intelligence is the strongest ever. micro and ceo said ai has hit a tipping point and mr wong is said they're edging good to be in point of another variety and sending personal wealth up by an estimated $8.5 billion which puts him on the verge of crafting the worlds top 20 wealthiest people. nvidia manufactured a chip for al and is the subject of so much excitement right now and with the magnificent seven text stocks that outperform the wider market and a handful of the other magnificent seven are their own customers and all, it totals a big day on thursday,

the 500 in the industrial average and record closers not so for the composite but it is inching closer. sank shares to the public, on the new york stock exchange, the debut will be the first major of the year and social media listings since 2019. unveiling a new package of sanctions against russia on the ongoing war in ukraine and alexei navalny�*s death. these measures, are they working, our correspondent explains. the russian economy did collapse and that is a decline not far off that scene during the pandemic but since then, it has recovered somewhat and sharing

some unexpected resilience and president putin is taken to boasting that the russian economy is in better shape than others and while looking at the latest forecasts, russian growth was upgraded to perform in 2024 of the advanced nations, it is still catching up nations, it is still catching up from a big fall and there is something very specific going on. russia has poured money into its occupation of ukraine and the numbers are quite sketchy but based on the budget, it is the number of roubles developed to its military and the share of its economy and 7% of its exports not seen in the post—soviet union era, there changed into a war economy we can dive a little deeper into that too. you can see the output of the military side of the economy, thatis military side of the economy, that is gone up 70% where is the other industries, they are pretty flat. this is not the

normal productive way of running an economy but the brutal reality, it is the world continues to send cash to fund the russian war economy in the of oil and gas as you can see your, the revenues are down from the billion euros a day but they're still seven or 800 million euros a day over the past two months and you can see the gas revenues have been squeezed in the oil here, it's not been sent to the west by china and india stepped in. often on ships brought by the russians to bypass the sanctions. the world economy still needs the russian energy and they would rather that the russians spend their hard currency on oil tankers rather than actual tanks. you see a picture of a more resilient russian economy driven by its transformation into a war economy and those ongoing oil and gas revenues underpinning the resilience on the

battlefield but it cannot last especially as energy prices fall when the citizens flee. they're preprint the ante by giving the proceeds of this to ukraine and the war economy cannot last, it is brought blood or put in more time. during the covid—i9 pandemic, the middle east and disruptions in the red sea and these incidents of force companies around the world to adapt and in some cases move their operations closer to home but according to the maritime analysts, the cost of making those changes in the supply chain have not passed on fully to consumers. but chain have not passed on fully to consumers.— chain have not passed on fully to consumers. but we are seeing is a lot of— to consumers. but we are seeing is a lot of the — to consumers. but we are seeing is a lot of the increases - to consumers. but we are seeing is a lot of the increases we - is a lot of the increases we are seeing due to the diversions of container ships around the tape are likely to be temporary and so, we saw

shipping prices spike beginning in mid december when the attacks on shipping occurred in the prices are significantly elevated right now and even to this day of what happened is the container shipping industry as ordered many ships during covid—i9 and a sharp increase in this during that time and starting to see you deliver it now and even though there are red sea crisis from a contender should perspective essentially took six to 7% of global capacity off the market, beginning in late december and early january, beginning in late december and earlyjanuary, gradually, all early january, gradually, all that earlyjanuary, gradually, all that capacity is going to be replaced as we move through the first half of this year and that will make these prices for consumers. that will make these prices for consumm— all consumers. and as a result of all these _ consumers. and as a result of all these developments - consumers. and as a result of all these developments are i consumers. and as a result of i all these developments are seen in the past year and. fin all these developments are seen in the past year and.— in the past year and. on a

short-term _ in the past year and. on a short-term level, - in the past year and. on a short-term level, the - in the past year and. on a i short-term level, the recent short—term level, the recent report that we produced a supply chain from global basically found that on a short—term basis, the companies will maximise the financials over on long—term risk mitigation of the supply chain and for example, forcing fewer suppliers and less inventory and less investment of logistics technology at all of this is somewhat counterintuitive given the disruptions we've seen during covid—i9 and moves like that and supply chains are more vulnerable. by the same time, missing on a longer—term basis, very active friend shoring unions that you, you can use the catchphrase you want but is very much under way and that's the response to some of the big geopolitical risks that they are seeing on the road right now.

are seeing in the world right now. elsewhere, the prolonged attacks on shipping in the red sea are expected to result in higher diesel and jet fuels prices in europe this summer. and that means travel could become more expensive. with ships having to make longer voyages to avoid that troubled route. mukesh sahdev is an oil market specialist at rystad energy, and he's warning that travellers will feel the effects during the peak travel season. europeanjet european jet demand is around 1.1 million and we believe that by august, it could touch up to 1.7 million to meet demand. that is quite a significant jump that is quite a significant jump for europe and so far, how europe has been managing the onslaught of not getting the approval from onslaught of not getting the approvalfrom russia onslaught of not getting the approval from russia was the russian crew was probably getting refined in asia and other parts of the world and a lot was going for the area. with the red sea crisis, i think that is been curtailed in crude is flowing to europe less

and particularly, iwould crude is flowing to europe less and particularly, i would say that europe is going to face a hard fight. that europe is going to face a hard fight-— hard fight. this will lead to increases _ hard fight. this will lead to increases in _ hard fight. this will lead to increases in prices - hard fight. this will lead to increases in prices in - hard fight. this will lead to increases in prices in the i increases in prices in the knock on effect of this in the year where we see so many elections taking place. i think there is a _ elections taking place. i think there is a great _ elections taking place. i think there is a great question - elections taking place. i think there is a great question and | there is a great question and is probably as well, pumping into more demand going forward and europe across the board will see higher demand growth in the projection for this year is about 1.5 million for demand across the globe and a lot of thatis across the globe and a lot of that is in asia and china and i would say we are living in a world where we have global spares and a lot of local scares. fractured supply chains and demands and growth in asia

by the us and europe probably are and a pinch.— are and a pinch. removing accounts _ are and a pinch. removing accounts for _ are and a pinch. removing accounts for the _ are and a pinch. removing accounts for the ongoing l accounts for the ongoing protests in india and he took down the pages of the indian government sent them executive orders. in a statement, x said while the illegal he had to comply, they do not agree with the efforts to curtail freedom of expression. a prompt seeking images of america's founding fathers turned up a woman and people of colour, the tool was missing the mark and said they were working on fixing the issues immediately. that brings us to a close who are in asia business report, i'll be back in the next hour.

bbc news — bringing you different stories from across the uk. jack and his fiancee beth are engaged and plan to tie the knot in 2026. but top of the wedding list isn't finding a new venue or the right suit. it's getting a new voice. my normal computer voice is robot voice sounding like out of doctor who. jack, who has cerebral palsy, wants an authentically brummie voice to reflect his heritage and is inviting people to volunteer theirs. the 21—year—old has been using his current communication aid, which controls with his eyes since he was six years old. but the technology has come a long way since then. he wants to be able to say, "i do," and to say all his values as a human at his wedding instead of as a robot. it's not a small commitment. the chosen volunteer will need to spend six to eight hours recording around 1,600 phrases.

so far, they've had half a dozen responses, but he need look no further. i think i've got a solution. all right, bob. i'm off the road to get a cob ta ra a bit. - david, that was rubbish. get out of my house. for more stories from across the uk. head to the bbc news website. denied, drunk driving warnings and american milestones and some postbox mysteries. were talking about danny alves, the former barcelona player that is one nearly every big trophy in football. to stay, he was found guilty of rape and sentenced to four and a half years injail

and in spain, and december 2022, he lured a 23—year—old woman into a toilet at a nightclub in barcelona where she forced her to have sex in the sentence is less than the 12 year term that they wanted. on thursday, he was found guilty of rape and sentenced to four and a half years injail. a course in spain's found out in december 2022 he learned a 23 year old woman into a toilet at a nightclub in barcelona where he forced her to have sex. the sentence is less than the 12 year term the victim's lawyers wanted. alves is planning to appeal. and if you've been affected by any of this, you can get help and support on bbc action line. a few other stories and more people are being called for drunk driving than drink—driving in some areas. that's what police chiefs have told us. they're worried it's become socially acceptable, especially among young people. next, how have you managed to avoid the rain this week? there have been flood warnings for lots of us with schools closed and problems on the roads and some train routes in central england. it's been the wettest february on record and some history at this year's london marathon. it's going to be the first in

the world to offer equal prize money for its wheelchair and able bodied races. the prize pot for each will be just under a quarter of £1 million. and time for ten seconds of a mystery crime involving post boxes. yet these have been popping up all over dartford. one spray painted like mr blobby, another like a creme egg. it's probably a safe bet that banksy isn't behind any of this. you're all caught up. have a great night.

hello and welcome to sportsday — i'm gavin ramjaun. changes for england, ahead of the fourth test with india — as captain ben stokes contends with cracks in the pitch in ranchi. the london marathon levels the playing field — wheelchair and able—bodied athletes will receive equal prize money. and a first start for frawley — he's among the many changes for ireland, as the six nations resumes this weekend. hello there, and welcome along to sportsday. fast bowler ollie robinson is back in the england side for the first time since the third ashes test last summer. he's one of two changes for the fourth test

against india in ranchi. robinson comes in for mark wood while off—spinner shoaib bashir