could look to asia for new opportunities. hello and welcome to asia business report. our top story today. the leaders of the world's two biggest economies, us presidentjoe biden and china's president xijinping have spoken on the phone, marking the first time the two have talked in months. that's as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. the phone call marked the first one—on—one communication between us presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and the trafficking of illicit drugs like fentanyl. a white house summary of the call included a few

others, like china's "unfair trade policies" and preventing access to advanced us technology. and on the chinese side, president xi reportedly called us support for any taiwanese independence effort "a red "line" and accused the us of trying to suppress china's development of advanced technology. over four days of meetings, treasury secretary janet yellen is expected to meet with some china's top political and economic officials, as well as american business leaders and chinese professors and students. she is expected to warn china against flooding the market with cheap clean—energy exports, things like electric vehicles and lithium—ion batteries. the white house is trying to bolster that industry domestically by offering its own tax breaks and subsidies. let's get you up to speed quickly with an earthquake this morning in taiwan, because the well�*s largest contract chip maker has told the bbc it has evacuated some of its facilities there.

the company says it is estimating the impact of the earthquake and work stoppages. more on that as it develops. tesla shares have fallen almost 5%, that's after elon musk�*s electric vehicle maker reported deliveries have fallen sharply in the first quarter of 202a. the company handed over just under 387,000 cars to customers, the smallest quarterly figure in more than a year. it was down 8% year—on—year and far fewer than analysts expected. the ev company has grappled with a fire at its european factory, globalshipping disruption and other challenges, but it may not all be bad news for tesla. that slowdown has also been felt by byd. that slowdown has also been felt by byd. byd has handed back the title of world's biggest ev selector elon musk�*s company,

that's after china's biggest electric vehicle maker reported a 43% fall in first—quarter sales compared to the same period last year. market watchers have warned about cost conscious drivers being put off by higher borrowing costs. we will stay with the tech sector now. the start of the year has seen more lay—offs announced that a number of major tech companies, including google, microsoft and snap. but workers finding themselves unemployed could look at asia for the new opportunities. that's because new research has found hiring is on the rise

across the region but due to a shortage of talent, with australia, hong kong and singapore on the hunt for staff in the tech sector. karen ng is with the global hr platform deal and says overall the pace of lay—offs in the tech sector is starting to slow down. we have noted there is a 57% decrease in global hiring in asia itself. by global hiring we mean business is hiring everywhere and looking for talent anywhere, so we have seen lay—offs, as you've just mentioned, growing at the beginning of the year but we have also seen a decline as the year goes by from january 2023 to november 2023. tell us more about the main driver for the growth of the apac region and where these hiring from? there is a talent shortage as well across asia, a lot of countries like australia, hong kong and singapore in high demand, as well as talent from vietnam, india and the philippines, actually very high demand. singapore itself has seen an increase in foreign hiring. coming up in our 300,000th contract we have analysed, top countries forforeign talent to be hired from. to vietnam, its economy grew compared to last year,

largely fuelled by a boom in exports, but the south—east asian nation is facing difficulty after the president resigned last month, becoming the second leader to leave office in just 1a months. vietnam has been attracting record foreign investment, due to manufacturers diversifying away from china, although ties with beijing remain close, with vietnam's foreign minister arriving in the chinese capital today. fund manager at asia frontier capital says, despite the apparent political turmoil, vietnam remains very attractive to foreign investors. i think you need to understand that the president has resigned and it is the second president that has resigned in the last 1a to 15 months, like you mention, but having said that, firstly the president's position in vietnam is largely ceremonial. i don't believe he has a very important say in decision—making. furthermore, i think it is a very consensus—based decision—making in vietnam

and also in terms of the impact on foreign investments, this anti—corruption tract, things that have been happening with the government, it has been happening for almost two years now, and it hasn't really impacted foreign investments. in fact, foreign direct investments into vietnam in 2023 were about $20 billion, but has the company has seen, about 5% of gdp, the highest in the region. so far, i don't see it having an impact on vietnam's attractiveness as a foreign direct investment opportunity for many investors. which sectors are particularly doing well in vietnam? especially post—pandemic, geopolitical tensions between china and the us we have seen a host of manufacturing move from mainland china into vietnam. almost 70% of foreign direct investments into vietnam

is linked to the manufacturing sector. the manufacturing sector is by far the biggest beneficiary of foreign direct investments into vietnam. we know vietnam's foreign minister is arriving in china today. minister is arriving in china toda . ., minister is arriving in china toda . . ., minister is arriving in china toda . . . ., ., today. vietnam and china have had very strong _ today. vietnam and china have had very strong relations - had very strong relations historically. china is vietnam's biggest trading partner so yes it is benefiting from the shift from china into vietnam, but china is vietnam's biggest trade partner so i don't see vs hampering relations, in terms of tension, and more importantly vietnam has managed relations between these two superpowers extremely well between both china and the us. theyjust recently upgraded

conditions to a conference of strategy partnership. vietnam has a history of managing relationships, it is called bamboo diplomacy.- bamboo diplomacy. how optimistic _ bamboo diplomacy. how optimistic are _ bamboo diplomacy. how optimistic are you - bamboo diplomacy. how optimistic are you about| bamboo diplomacy. how . optimistic are you about the outlook for vietnam?- outlook for vietnam? very optimistic _ outlook for vietnam? very optimistic. lower- outlook for vietnam? very | optimistic. lower domestic consumption, but going forward i think because vietnam is the key beneficiary, i think it will go back to 6% or more over the next year orfive will go back to 6% or more over the next year or five years. that is one of the key stories to look out for in the region in asia. ., ., in asia. the indian government has said they — in asia. the indian government has said they are _ in asia. the indian government has said they are monitoring i has said they are monitoring the excessive flight cancellations by one of india's most prominent airlines, vistara. the airline was forced to cancel and delay several flights due to a non—availability of its flight.

the airline, which operates around 300 flights a day, issued a statement, saying they had reduced the number of flights temporarily to ensure adequate connectivity. they also said they had started using bigger aircraft to ensure the accommodation of more passengers. in that same statement they said they were trying to work hard to ensure the statement is stabilise soon. the official statement did not mention why vistara was having trouble finding its crew but they have been reports of late citing concerns about pilots and vistara about a revised salary structure ahead of the planned merger with air india. air india you would remember was once india's national carrier, sold to the tata group at two years ago as part of the indian government's divestment plans in order to privatise the airline and generate more funds, so export saved that could also be a factor. india's aviation regulator has stepped in,

asking for daily reports from vistara and asking that there are minimum inconveniences caused to the passengers and they should have a regrettable form to get refunds and reschedule their flights. just to give you a context, vistara is nine years old and is a joint venture between tata sons private limited and singapore airlines, which owns 49%. that is it for this edition of asia business report. i will be back at the same times tomorrow. goodbye for now.

hey — i'm zof with the catch up. tonight, jk rowling's trand controversy, taylor swift's tonight, jk rowling's trans controversy, taylor swift's billionaire era, and an easter dog parade. we start in gaza, where three british nationals are among seven people who have been killed in an israeli air

strike. they were working for world central kitchen in the city of deir al—balah when they were hit. it is an organisation providing meals for people in gaza at a time when access to food is limited and parts of gaza are at risk of famine. the boss of world central kitchen said it was an unforgivable attack, and they have put their work on hold. israel says the cars they were in were hit unintentionally. some other stories now. you might have seen comments, on x, byjk rowling, where she described trans women as men, despite complaints from the public, police have said this isn't a criminal offence. a new law has come in in scotland that has meant stirring up hatred against some groups a crime. the author says we shouldn't be criminalising people saying common—sense things about biological sex. and taylor swift has joined a list of the world's richest people.

she has entered the forbes world's billionaires list with a wealth of $1.1 billion. her recent eras tour broke records and made over a billion in sales. and time now to leave you with ten seconds of an easter parade in new york. just look at these amazing outfits. safe to say the dogs were the star of the show, and look at their hairstyles, as well. i think this pink coat has to be my personal favourite, though, and i'vejust realised i have unintentionally matched up with that. you're all caught up now. see you later. hello and welcome to sportsday. nottingham forest move away from the relegation zone, putting three past fulham. setting the pace, as adam peaty qualifies for the olympics in

paris. and climbing is on the up. we'll bring you the reason why. hello. thanks forjoining us. there were five games in the premier league on tuesday. nottingham forest beat fulham, 3—1, to pick up three precious points in their battle to avoid relegation. forest dominated the first half, and were 3—0 up at the break. morgan gibbs—white was on target, as were callum hudson—0doi and chris wood. the result leaves them one off the relegation places, three points ahead of luton. it is forest's biggest home victory of the season. we will keep in season, we will keep repeating, so these chances we cannot

almost take 100% of them and try to reach the perfection of it.