a $1 billion boost for the philippines from american companies as commerce secretary gina raimondo begins a visit to manila. and the oscar goes to hayao miyazak. what does the godfather of animation�*s latest win mean for the anime industry? hello and welcome to asia business report. i'm steve lai. we begin in the philippines, where the us commerce secretary gina raimond has said american companies are set to announce investments amounting to more than $1 billion. raimondo is heading a two—day trade and investment mission, the first of its kind for the southeast asian nation. her delegation includes executives from 22 companies including united airlines, alphabet, visa and microsoft. just look at the many american companies that provide employment and professional development for thousands of filipinos,

putting them on a path to higher paying jobs. in fact, on this trip alone, these companies are announcing over $1 billion of us investments, including creating educational opportunities to over 30 million filipinos. presidentjoe biden has proposed a $7.3 trillion budget on monday, calling for new social programmes and higher taxes on corporations and the wealthy. the plan offers a stark contrast with donald trump's economic vision ahead of november's us presidential election. the bbc�*s north america business correspondent michelle fleury in new york has more. president biden outlined his election year budget pitch including tax breaks for families, lower healthcare families, lower healthca re costs families, lower healthcare costs and a higher taxes on wealth incorporation as well as trying to get more money to help your defend itself against russia and for aid for israel. if the biden budget became law,

it would save $3 trillion through higher taxes over ten years but it would also push you is that over 100% of gdp. by you is that over 100% of gdp. by contrast, donald trump's economic vision is the more tariffs, to pump more oil and to cut taxes. president biden has made kitchen sink issues essential part of his election. trying to win over americans unhappy with the post pandemic economy. although it has little chance of being approved by congress, it is a blueprint of what could occur if the democrats win in november. a former boeing employee known for raising concerns about the firm's production standards has been found dead in the us. john barnett had worked for boeing for 32 years, until his retirement in 2017. in the days before his death, he had been giving evidence in a whistle—blower lawsuit against the company. boeing said it was saddened to hear of mr barnett�*s passing. the charleston county coroner confirmed his death to the bbc on monday. it said the 62—year—old had died from a "self—inflicted"

wound on march the 9th and police were investigating. battle lines are being drawn over the development of artificial intelligence. nvidia is the latest company to be drawn into a growing body of litigation with three authors in the us suing the chip makerfor using their books to train its nemo ai platform without their permission, according to the three authors. the new york times has also sued openai and microsoft for using its articles to train their language models. nikita roy is programme lead for the aijournalism lab at the city university of new york. she gave us a sense of how these lawsuits could impact the development of ai. these authors are alleging that nvidia used their intellectual

property because, as a result, they should be compensated for this. they also allege that nvidia knowingly used the data and infringed on copyright and seeking a class action lawsuit to allow other affected writers to join the lega lbattle against nvidia because they see that they are not benefiting through how nvidia is going to be using in producing these models and not getting any cut or share from the business that they will be getting from here. given that al is so new, there's no legal precedence, is there , there is no? exactly. because there is no legal president, we do not know how technologies are involving and we do not know what copyright law looks like. ——precedence. that's why all of these lawsuits that are coming against nvidia, open ai, microsoft — it's so crucial because it defines what the copyright laws look like.

it's going to have a lot of consequences because we will know what it will look like, the extent to which this can influence the copyright laws of intellectual property rights and what does that mean for the work of authors who are producing original content. what does it mean if you don't following with those trains of thought to get your ideas of the implication about generative ai from media and other creative industries? against tech companies they would be able to get a share of the training that was done because of this copyrighted data. they would be getting an extra sort of revenue stream, but if the ruling goes in favour of the tech companies, which a lot of people are arguing it might be because it could be seen as fair use, that would have a lot of implications on the way content is produced, distributed and monetise.

it could really affect the business model of these content creators if you're able to get a summary of a book or be able to chat with the bookjust by going onto these platforms. instead of actually reading them. a regulatory filing shows social media company reddit is hoping for a 46.1; billion valuation when its shares go public in the us next week this is far less than the 10 billion it was valued at in 2021. the listing of reddit, which has never made a profit, is one of the market's most highly—anticipated ipos. many users worry it will fundamentally change the online platform. more than two decades after winning his first 0scar, the man who is known as the godfather of animation has done it again. hayao miyazak won for best animated feature film for the boy and the heron, with the win reflecting the growing popularity ofjapanese anime. the market was estimated to be worth a little over $30 billion in 2023 and is expected

to double in value by 2030. streaming platforms are trying to keep up with the demand, with hulu, netflix and amazon and disney+ all investing in anime titles. what has it made so popular globally? i spoke to roland, the author ofjapanese america, who told me of the internet played a huge role in all this. the internet has had a lot to do with it. the internet has had a lot to do with it. anime has had our growing popularity for decades. fans all over the world. it was very hard to find for many years. you have to find in the back of comic shops and video stores. eventually, it would show up on cable television. the internet has really accelerated the spread of anime. it's important to note that the fandom for anime is largely demand driven, with few exceptions. japanese companies have not done much to promote their wares overseas.

it's fans to come to anime. he isa he is a genius, i think, hayao miyazak, and a master of the art form but overseas, certainly people consider him, they lump him in with anime and his artwork is really untouchable. i do not think there is anyone else working at that level in animation. it there is anyone else working at that level in animation.- that level in animation. if we talk about — that level in animation. if we talk about streaming - that level in animation. if we talk about streaming that. that level in animation. if we l talk about streaming that was, they are jumping

talk about streaming that was, they arejumping on board as well as the production side of things. it is notjust about getting involved in this content. do you think this will change our anime moves forward? i do not know. coproductions between hollywood and chinese companies and anime studios and now companies in india and companies in southeast asia, of those have been happening for quite a few years. they are spreading now. there are more and more of them but the fan baseis and more of them but the fan base is quite particular and in some ways provincial and what i meant by that is, it is called anime but not made injapan, by japanese artist, a lot of fans turn away from it. i do not know how long that will last but it may be comparable to, i suppose, bollywood. bollywood is made in india or at least made by artist for india and if

it is not, i do not know if people are comfortable calling it bollywood. you can have a project that imitates anime or japanese style visually and in storytelling but a lot of fans turn away if it is not made in japan. they do not want to call it anime. . , it anime. ultimately the audience _ it anime. ultimately the audience will _ it anime. ultimately the audience will decide. i airbnb has banned the use of security cameras in its listings around the world. previously they allowed the devices to be used in common areas as long as they were disclosed by hosts. cameras however were allowed in sleeping areas or bathrooms. airbnb said it was moving to the privacy of their community. that is it for this addition of asia business report. voiceover: bbc news -

bringing you different - stories from across the uk. this is reuben lee, getting ready to start his shift as a tram driver in nottingham. despite a lifelong passion for trains and trams, he has also passion for piano laying. i have always been interested in transport, public transport in general. when i was younger, i was went to the london transport museum as much as i could. they have a tube simulator on that and i was always on that. and when it comes to piano, have been since i was 515. on the tram there is a heavy level of concentration because you are faring lots of people around, lots of speed moving a big vehicle around, which weighs about a0 town and hand eye co—ordination because you have lots of buttons on the tram, suppose you could call these buttons.

voiceover: for more stories from across the uk, - head to the bbc news website. hey, i'm steven with the catch up! tonight — the royal photo drama, let's start with the photo that's got lots of people talking. the princess of wales, who has been recovering from an operation, surrounded by her three children. the photo was released on socials over the weekend, but it didn't take long for people to spot some issues. like this blurry effect on princess charlotte's sleeve. five big picture agencies pulled the photo over concerns it had been manipulated and kate has now admitted she does sometimes experiment with editing and has apologised for any confusion that has been caused. it hasn't stopped lots of conspiracy theories online. but the royals haven't released the original photo. now, if you didn't stay up, let's get you up to speed on the oscars.

0ppenheimer cleaned up, winning best picture, best director and cillian murphy won best actor. for better or for worse, we're all living in 0ppenheimer�*s world, so i would really like to dedicate this to be peacemakers. emma stone got best actress for poor things. just the one award for barbie, billie eilish picked up best song. # anywhere else i've been...# and ryan gosling really brought the kenergy with the performance of i am just ken. that is really worth checking out. we can't forgetjohn cena. he presented the costume design award completely naked. and we have two mission messy the dog from anatomy of a fall. and time for ten seconds of the puma party! this is 0lympia and albert, two rescued puma cubs getting properly spoiled to celebrate their first birthday at philadelphia zoo in the us this week.

hello and welcome to sportsday. i'm gavin ramjaun. chelsea stop the rot, but newcastle united make life difficult at stamford bridge.

aryna sabalenka's back on form — the world number two ending emma raducanu's tournament at indian wells. and it's one of the highlights of the horse racing calendar. we're building up to the cheltenham festival, which begins on tuesday. hello there, and welcome along to the programme. chelsea's roller—coaster of a season continued on monday at stamford bridge. they came into their premier league game with newcastle on the back of two defeats. but could a potential place in europe now be on the cards, after a 3—2 win, inspired by cole palmer. the 21—year—old has very much been the bright spot, in what's been an inconsistent campaign for mauricio pochettino's side. nicolas jackson got on the end of palmer's effort to put the blues one up. alexander isak equalised for newcastle, before palmer grabbed his 11th of the season. mikhailo murdryk had chelsea home and dry,

before a late newcastle consolation made things