advanced semiconductors by 2030. this is a big step in that direction.— 2030. this is a big step in that direction. it's not 'ust investments i that direction. it's not 'ust investments coming h that direction. it's notjust investments coming from | that direction. it's notjust i investments coming from the outside in this regard, the us is investing in itself. this is a significant amount of money, isn't it? ., ., ., , , isn't it? you have to put this in some _ isn't it? you have to put this in some context, _ isn't it? you have to put this in some context, other- in some context, other countries like taiwan, like japan, like south korea, they been investing in their semiconductor industries for a long time, so this is the us finally getting in the game of investing in this type of manufacturing which requires in most cases requires some government investment to defray the cost of these facilities which is something like $40 billion for most advanced semiconductor manufacturing facilities, so government assistance here can be crucial to making the facilities revival commercial. how do you see china _ revival commercial. how do you see china reacting _ revival commercial. how do you see china reacting to _ revival commercial. how do you see china reacting to this, - see china reacting to this, watching from the outside? not just the fact that it's about

ships and technology but the fact that it's a taiwanese company. fact that it's a taiwanese company-— fact that it's a taiwanese company. fact that it's a taiwanese coman . . ., ., company. the real reason for some of— company. the real reason for some of this _ company. the real reason for some of this investment - company. the real reason for some of this investment is i company. the real reason for some of this investment is to reduce that dependence on taiwan, in part because of the threat from china, all right? this is something that's been out there for the past two years. china prefers peaceful unification with taiwan, of course, but there has been a lot of concern about china's intentions over the next 3—5 years. so part of the goal here is to reduce that huge dependence that us and other western companies have for advanced manufacturing on this in particular. china has its own semiconductor industry. tsmc has its own facilities in china that it is using, the big objection from the chinese point of view is that there are guardrails on this money which prevents tsmc and other companies that receive that money from investing in their china —based facilities, so that's the real objection from china to this type of investment.

us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning: the us will not accept new industries being decimated by chinese imports. during a press conference, yellen said us presidentjoe biden would not allow a repeat of the "china shock" of the early 2000s, when a flood of chinese imports destroyed around 2—million american manufacturing jobs. when the global market is flooded by artificially cheap chinese products,the viability of american and otherforeign firms is put into question. and we've seen this story before. over a decade ago, massive prc government support led to below—cost chinese steel that flooded the global market and decimated industries across the world and in the united states. i've made clear that president biden and i will not accept that let's turn now to the ongoing territorial dispute

in the south china sea. that issue is on the agenda for leaders from the philippines, japan and the us this week. they're meeting in washington on thursday to discuss security and defence issues. deborah elms from the hinrich foundation says the sharper attention to regional security may change how asian countries manage trade relations with china. trying to sort out or disentangle security from economics has been a challenge. china and asian countries had a deep trade ties, you mentioned they can often compartmentalise those things from other issues like security. is that dynamic still intact and likely to hold? ~ ., , hold? welcome and it has been so far, hold? welcome and it has been so far. so _ hold? welcome and it has been so far. so as — hold? welcome and it has been so far, so as an _ hold? welcome and it has been so far, so as an example, - hold? welcome and it has been so far, so as an example, just l so far, so as an example, just last week, they met together, china, japan, philippines, the rest of them, korea, australia and new zealand as part of

regional comprehensive economic partnership. it's the sixth time they've met since the agreement came into force. they work regularly together, they have committee meetings together, philippines and china worked together on agreement. there's a lot of economic ties, and those continue to be as far as i can tell on interrupted. in spite of rising security tensions. in spite of rising security tensions-— in spite of rising security tensions. ,, ., ., tensions. the us and china t in: tensions. the us and china trying to — tensions. the us and china trying to engage _ tensions. the us and china trying to engage more - tensions. the us and china trying to engage more on l tensions. the us and china l trying to engage more on the other level as we have seen being in china this week. do you think there is an opportunity for things to move in a more optimistic pathway? it's a very strong economic pole, especially at a time when generals supply chains are reshuffling. it's very strong to have chinese investment in chinese supply chains running through asia. those links in fact have strengthened over the past few years, particularly if we have a second donald trump administration and the white house, the level of economic

disruption is going to be severe, and i think many governments in this region will have to make some hard decisions, particularly about economics, and economic security and where they want to place investments and where they want to welcome investments. it's complicated. let's go to south korea now, where for the past few months, commuters in the capital seoul have been riding the world's first driverless night bus. > but is it all it's cracked autonomous public transport in the main city is new. nick marsh took a late—night ride on the streets of seoul. midnight in seoul. and there's $1 million worth of technology cruising the streets. welcome aboard the autonomous bus. this is one of the world's first driverless buses to get a public route through a major city. have we started?

yeah, it's exactly the same. there are some caveats. it's a night bus. you have to wear a seat belt. and technically, there is a driver sitting behind the wheeljust in case anything goes wrong. the funny thing is, i thought that seeing that would panic me, but it doesn't. there's been a couple of moments when he's had to take control of the wheel. but by and large, this is as smooth as any regular bus that you'll take. it's only a start, but the buses creators say that it's the perfect solution o solve transport issues. there are fewer people who want to drive buses, especially at night. so we hope these cars will fill the void. one day we will need anyone at all to operate this bus. do you see, one day, every bus being autonomous like this? of course it will change

and it has to change. these late night travellers seem to enjoy themselves. since there's also a bus driver sitting at the front. i feel a little bit more safe. it's a late night bus so it can ease the burden on the bus drivers. - south korea is one of only a handful of countries to allow autonomous vehicles on its roads. and it's already spent hundreds of millions of dollars to advance the technology. but as i found out, it's still a long way from being perfect. the view that autonomous cars are our future is sheer science fiction and nonsense. 0n the street we have dogs, children, weather and technology hasn't yet sorted all of that out. that may never, ever be solved. south korea is showing that driverless

public transport does work, but only in limited circumstances and at considerable cost. if this is an infrastructure that will make cities more efficient, then there's still a long road ahead. nic marsh, bbc news, seoul. administrators say high street fashion chain ted baker will cut around 250 jobs and close 15 stores in the uk. the holding company behind the brand's uk stores, no ordinary designer label, fell into administration last month. at that time it had close to a thousand employees in the uk running its stores and an e—commerce platform. ted baker, which began as a menswear brand in glasgow in 1988, grew to have shops across the uk and the united states. just to say thanks forjoining

us here on asia business report. plenty more to come in the next hour ahead on the show. so do state with us for that. goodbye for now.

hey, i am stephen with the catch up. tonight, cody fisher's murder, and epic eclipse and a very bumpy landing. were starting with the 23—year—old footballer who was stabbed to death on a night out. cody fisher was killed at a club in birmingham on boxing day 2022. the court heard he was targeted for brushing past remi gordon two days earlier, here you can see him acting out the stabbing in a pizza shop afterwards. today, he has been sentenced to life in prison with a minimum of 26 years. kami carpenter who the judge said was most likely responsible for stabbing cody will also serve life, with a minimum of 25 years. cody's mum said he was brave,

fierce and the most genuine soul and has this message for anyone thinking of carrying a knife. weak, pathetic cowards. that's what i say. and they have ruined so many lives. next, something that doesn't happen very often, a total solar eclipse. that is when the moon perfectly blocks the sun and the sky goes pitch dark for a few minutes. this is in mexico where people got the first glimpse. millions across america will get to see and crowds have been gathering to get a front row seat. it's unlikely we will see it in the uk so the bbc news website is probably your best bet. we are going to leave you with ten seconds of a very hairy landing. this was a plane coming into edinburgh airport during storm kathleen over the weekend.

i am not usually a fan of clapping when the plane lands but i think that pilate really deserved it. you are all caught up. have a great night. hello and welcome to sportsday. two more points deducted, everton say they will appeal against their latest sanction. manchester city prepare for another mission in madrid as they resume the defence of their champions league title. and we meet the rugby player looking to pave the way for muslim women in all sports.

hello there, everton are going to appeal against their latest sanction for a second breach of the premier league's profitability and sustainability rules — they've been deducted 2 points after going 16 million pounds over the spending limit over a three year period up to the end of last season. from goodison park, here's our correspondent katie gornall. well, the premier league had wanted this to be a five point deduction, but an independent commission settled on two points, taking into account mitigating factors. still, everton say they will appeal. in the meantime, they've slipped to 16th in the table, two places above the relegation zone with seven games to play. they were found to have breached the rules by more than £16 million for the accounting period up tojune 2023. it follows a six point deduction they were handed earlier in the season, reduced from ten on appealfor a separate breach in the previous accounting period. and everton fans won't want to hear this, but there

could be a further points deduction to come in relation