collision in baltimore. authorities say they are suspending search operations and that the six missing people are presumed dead. and a windfallforformer us president donald trump — find out why later on the programme. hello and welcome to asia business report. i'm steve lai. we begin with the collapse of a major bridge in the us city of baltimore after a container ship crashed into it. authorities have said they've suspended search operations and six missing people are presumed dead. baltimore port — one of the east coast's busiest ports — is closed and us carmakers general motors and ford have said they will have to re—route some shipments. tinglong dai is a professor from thejohns hopkins carey

business school. he gave us a sense of the impact of the port closure. the port of baltimore is the largest automobile import—export port and in the short term it will have a huge impact on the automobile industry. could you elaborate on the ramifications? what will be the knock—on effects? to start with, the container ship is already here and stuck and they cannot get it out. you can't get anything in, you have to reroute to other ports. the impact differs depending on different manufacturers. bmw, for example, has not been affected because its terminal is on the ocean side of the port. so, bmw and volkswagen, then gm and ford are deeply impacted because they rely on the port for exporting the vehicles, so now they have to reroute to other ports on the east coast. besides cars, will shipments of other goods also be affected?

they could, although impact will be lesser because the port of baltimore is a highly specialised port, it's mainly used for handling automobiles and trucks and agricultural machinery. you could definitely look at impacts elsewhere but it is much less. what will we look out for in the days ahead? these operations, as we've heard, the search operations are over, the port will still be inoperable for the time being, won't it? the port is not operable. it will be up and running in some terminals, still working on unloading the trucks, still processing the containers. but they have certainly closed the port for the most part. and they are no longer allowed to have vessels in and out of the port. in the coming days, we have to look at how to repair and recovery efforts unfold. we will have the latest on the situation in baltimore on the bbc news website

and mobile app. staying with the us, shares of trump media & technology, the parent company of truth social, have soared on their first trading day on the nasdaq. the windfall makes the former president one of the richest people in the world. the bbc�*s michelle fleury has more from new york. donald trump just became a lot wealthier, at least on paper. shares in the parent company of truth social closed just under $58, up 16% on its first day of trading as a public company. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion, which makes the former president one of the richest 500 people in the world according to bloomberg. with his newfound wealth, mr trump could sell some of his stock to help pay for is mounting legal bills as he faces both civil and criminal proceedings. but he will have to wait. he is barred from selling

his shares for six months. it's not clear where the stock will be trading when that agreement expires. truth social, found that after the former president was kicked off major social media platforms following the january 6 capitol riot has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump, as well as trying to cash in on the frenzy surrounding the stock. visa and mastercard have reached a $30 billion settlement to limit credit and debit card fees for merchants. it could end nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. the anti—trust settlement announced on tuesday is one of the largest in us history. merchants have long accused visa and mastercard of charging inflated swipe fees or interchange fees when shoppers use credit or debit cards. let's turn our focus to an economy that we don't often talk about — mongolia.

the country, which shares china's northern border, has always relied on mining to drive economic growth. the industry accounts for about a quarter of mongolia's gdp. gantumur tuvdendor is mongolia's deputy minister of economy and development. he says the government is keen to diversify into sectors like renewable energy. we are successful in the midterm and economic activity is more to pick up and we expect to see stable growth in the upcoming years. the government of mongolian is more focusing on diversifying the economy for it to pick up economy. i understand there's also been an mou signed with the us last year. is that something you will be looking to be putting

into place? we keep current economic growth. so mongolia has aimed to become an crucial in the markets. especially under critical minerals, we have huge deposits in mongolia, one is in the western part of mongolia. the other is in southern part of mongolia. and the private company for dealing with the us government and us investors to signing an mou on the critical minerals deposit. alibaba aliba ba chairman says alibaba chairman says the firm is looking to double down on

its logistics business in a move to fully r&m in which it currently has a 64% stake. next, to what could be a traveller's nightmare. as many as 32 million uk passport holders are being warned to check their issue and expiry date details or possibly face being refused entry to holiday destinations across the european union. scores of people are reporting and up with passports at the eight —— meet the criteria. marc ashdown reports. it a moment we all dream of after the planning, packing and saying goodbye to work for a few weeks, it's time to check in for the well—earned holiday. for some people, this is as far as they get. paramedic nathan barnes was on its way to france with his fiancee to visit family. despite checking in online, they are making their way through luggage drop, security and passport control but at the boarding gate they were in a surprise.

i had ten years plus extra months on the passport. ididn't i didn't think it would be a problem. he fell relevant ten—year rule, his passport issued ten years before the date the traveller so he would be refused entry to any eu country. they just theyjust said, sorry, you are not coming on. that moment they told you could not board, how did you feel? gutted. we were surprised more than anything. we checked online and we thought it was fine and then to be told at the gate. the rules on passports changed when the uk left the eu. to enter any country in the schengen free travel area, which includes iceland, norway and switzerland, not ireland, a uk passport now has to meet certain criteria. firstly, it has to be valid for at least three months from the planned date of return to the uk. it also cannot have been issued more than ten years prior to when entering the eu. this rule is catching holiday—makers out because prior to september 2018,

the uk passport 0ffice would add up to nine existing months from an old passport onto the new one. this problem continues to catch people out. what's important is that you check your passport validity and expiry date when you are booking your holiday, not when you are checking in, and certainly not when travelling to the airport. that's why people are continually finding that passport is out of date and often then too expensive and company to save the holiday. i was one of them. a few weeks ago, instead ofjetting off with my family on holiday, i was turned away right here at check—in gate because my password had been issued more than ten years before. even though i'd been able to check it online and had a boarding pass. i get so many responses typically from people... simon calder has urged airlines to find a better way of prompting people way before they get to the airport. i reckon there is easily a couple of hundred people a day who are turned away from the flights, so across the year,

you could easily find there's over 100,000 people who lose their holidays as a result of these rules. i have written to the airlines, i keep saying to them, "please, can you do more," particularly if someone is checking out a month ahead. airlines uk told us there is no guarantee potentially invalid passport details would be picked up in advance and that airlines do provide reminders and links, which is up to passengers to check. the home office also said it provides up—to—date information on requirements on its website. that is under constant review. if you're dreaming of a getaway to sunnier climates, dig out your passport and check your dates well before trying to travel. marc ashdown, bbc news. good to keep an eye on these things. we will keep an eye on baltimore in the coming hours. that's it for this edition of asia business report. thanks for watching.

hey, i amjulia with the catch up. tonight, pints and climate change, lego line—ups and an ostrich on the loose. but first, a major bridge in the us city of baltimore has completely collapsed after a container ship crashed into it. one person is in hospital and six people are still missing. they've declared a state of emergency. brandan scott is the mayor and had this message for the city. this is an unthinkable tragedy. we have to, first and foremost, pray for all of those who are impacted. anne hathaway has opened up about having a miscarriage in 2015 while she was playing a pregnant woman. speaking to vanity fair,

she said she had to give birth on stage every night. she also said she is not ashamed to discuss her fertility issues. some other stories now. climate change is putting a great british staple, the pint. the plants often used in brewing beer called hops are suffering conditions. but scientists are working with the brewing industry to help save it. lego has told a police department in california to stop using their toy heads in their pictures on social media. it was a creative attempt to comply with state law that says agencies need to hide it and it is of non—violent crime suspects. we'll leave you with ten seconds of a runaway ostrich. so, anyone playing i spy with my little eye would have had an unusual game on this road in south korea. but the ostrich is now safely back at the nature park it came from.

that's it, you're all caught up now. have a good night. hello and welcome to sportsday. i gavin and here is what coming up. wales miss out on euro qualification after a dramatic penalty shootout loss to poland. leah williamson is back to the lioness, the player who lifted the us trophy returns for the beginning of their title defence. four months out from a likely that 0lympics, but one month from herfirst child, about to fill up. hello and welcome to the programme.

heartbreak for wales on a busy tuesday of