we're on inflation watch — the latest data suggest beijing's policies may be starting to boost consumer confidence in the world's second biggest economy. and... do you get al's help to write your resume? we ask an expert if that's a good idea. hello and welcome to business today. i'm steve lai. let's begin in china, where the latest data showed that inflation is starting to pick up. consumer prices rose for a third month in a row in april, which signals a comeback in demand. while much of the world has been battling the cost of living crisis, the world's second biggest economy fell into deflation last year, that means prices fell. beijing has announced measures to boost consumer confidence. over in the us, it's a very different story — all eyes are on the latest inflation figures out this week because if consumer

prices rise too quickly, america's central bank will likely push the timing of interest rate cuts further down the line. we're also watching this week, on tuesday, australia's government will unveil its annual budget, and we're expecting measures to ease cost—of—living pressures in the country. and on friday, we'll get more data from china which should give us clues on if consumers are spending with the release of monthly retail sales numbers. tim waterer, chief market analyst, kcm trade, gave us his analysis. the latest batch of us inflation data will be front and centerforfinancial and center for financial markets this and centerforfinancial markets this week. the hope is it would take down to 3.5%, if so, if we see the head in the right direction then that could give some equity markets a momentum, other assets such as gold could take some sting out of the us treasury yields which remain elevated. in the flip

side, we note inflation can be uncooperative and if it edges higher, we've seen cases of that in the past, that could upset some confidence in equity markets, because it could push out the timeline and we might see that long—awaited rates cut from the federal reserve, and we have us retailers sales figures this week and also awaiting some comments from the fed chairman german power. so the data in the us, there are number of events this week that could shift the needle as to those all—important interest those all—importa nt interest rate those all—important interest rate expectations, so markets are favoring september, but if we happen to see a hotter read this week on cpi, would not surprise me to see the timeline put further down the road a bit, perhaps towards november or so, we'll see what the figures are.— or so, we'll see what the figures are. or so, we'll see what the fiauresare. ., ., figures are. lots to watch for this week — figures are. lots to watch for this week and _ figures are. lots to watch for this week and china - figures are. lots to watch for this week and china have - figures are. lots to watch fori this week and china have key data out as well including retail sales, what is the stage

of the chinese consumer right now? .,, , of the chinese consumer right now? , , ., , now? positive news from chinese consumers _ now? positive news from chinese consumers this— now? positive news from chinese consumers this week, _ now? positive news from chinese consumers this week, last - now? positive news from chinese consumers this week, last week. consumers this week, last week we saw the trade balance figures have a nice turnaround and figures, so we know the chinese the mr market has been a weak point for china in this post—pandemic era, no —— there's been a lack of consumer confidence and buying which is elected deflationary pressures. but those numbers skimming almost double what they were last week, so may be a sign that confidence is returning and an appetite for consumer products is returning. also that follows through to the inflation data that was mentioned, so we are edging away from the deflation zone, so still not great figures, but a bit more breathing space between that point between inflation and deflation, so some positive signs from china, perhaps some green shoots, investors want to see more evidence before getting more

confident that china has turned the corner, but data over the past week and past month has been more positive than we've seen over the past two years. of course, the cost of living crisis is a global issue, affecting many other economies. egypt has also been affected by geopolitical issues such as the war in gaza, and houthi attacks in the red sea. to find out how the government is trying to cushion the blow. our correspondent sameer hashmi sat down with egypt's minister of international cooperation, rania al mashat. you know, estimated or predicted impacts of geopolitical situation on the suez canal. as i mentioned, restoring macroeconomic stability meant that the repercussions of this shock have been internalised within the policy discussions and the policy framework that has been endorsed by the government.

all of this to mitigate the impact of that externality on the domestic economy. according to the world bank, 60% of egypt's population is living close or below the poverty line. now, that's a big challenge. how are you planning to address that? we have one of the most important social protection programmes that the world bank has, which is the capital and karama. and it is a social protection or social safety net programme designed for families and also tied to education of girls. so it's a very important programme. the other is that the current budget, which was just discussed in parliament, includes a very important segment related to social programmes that would again mitigate the impact of many of these reforms on vulnerable groups. in other business news, a report has found that employees of some shein suppliers are still working 75 hours a week. this is despite promises by the chinese fast fashion giant to improve conditions. swiss advocacy group public eye recently interviewed 13 workers from six suppliers of shein.

the investigation follows up on its report in 2021, which discovered long hours in factories. shein told the bbc that it was "working hard" to address issues in the public eye report. south korea is preparing a support package for its chip industry that will provide more than seven billion dollars towards investment and research. its finance ministry said the programme will target companies throughout the semiconductor supply chain. south korean president yoon suk yeol vowed earlier this year to pour all possible resources into winning the "war" in chips. the country is home to large chip—makers including samsung and sk hynix. hunting for a job can be a tedious process, with never—ending cv tweaks and numerous cover letters. but somejob seekers are using new ai tools to speed up the process. a recent survey of 10,000 hiring managers and applicants by the online design platform canva — found that 45% of people had used al to create or improve their resume.

but recruiters are also increasingly aware of applications that have been created using ai. brajesh singh is the director of talent acquisition for asia pacific and the middle east at capgemini. he says there are pros and cons for getting some artificial help. well, i think there are many ways of solving it. one way is to see if there is a records of similar writeups generating a pattern, that is a good boy. the using of similar tools in drafting letters. again, robust interviewing also exposes the depth of knowledge on the required subject matter for the role. proctor assessments are capable and upgraded with time to catch usage of those tools in such assessments. even if you get through and secure the road, job formants will expose it. road, “ob formants will expose it. �* , road, “ob formants will expose it. �*, ., y road, “ob formants will expose it. �*, ., , ., road, “ob formants will expose it. �*, ., i. road, “ob formants will expose it. it's only one part of the

process. _ it. it's only one part of the process, overall, - it. it's only one part of the process, overall, is - it. it's only one part of the process, overall, is it- it. it's only one part of the process, overall, is it a . process, overall, is it a problem to use ei for these initial application processes, submission or as a next resume and doing a cover letter, if everyone is it doing it doesn't make a difference? it everyone is it doing it doesn't make a difference?— everyone is it doing it doesn't make a difference? it does. if ou use make a difference? it does. if you use the — make a difference? it does. if you use the tools _ make a difference? it does. if you use the tools and - you use the tools and technology as a replacement to the knowledge, you get expose for the lack of competence and expense and ends up in a losing end. depends on the framework that every organization hands, it gets highlighted in different stages resulting in rejection automation. none of the results are favorable for anyone. the results are favorable for an one. ., ., i. the results are favorable for an one. ., ., ., anyone. how do you encourage job-seekers _ anyone. how do you encourage job-seekers when _ anyone. how do you encourage job-seekers when it _ anyone. how do you encourage job-seekers when it comes - anyone. how do you encourage job-seekers when it comes to l job—seekers when it comes to submitting resumes and not to use ai at all? there must be some benefits to it, if recruiters are using ai some benefits to it, if recruiters are using al to sift through resumes, to game the system you need to give yourself a chance to produce resumes that al yourself a chance to produce resumes that ai will be attracted to. it

resumes that ai will be attracted to.— resumes that ai will be attracted to. , , , attracted to. it served as best when users — attracted to. it served as best when users are _ attracted to. it served as best when users are unable - attracted to. it served as best when users are unable to - attracted to. it served as best| when users are unable to show competency in a better light. use it to improve competency through real avenues. if you're going for something, you have to go through and build that competency. keep in mind that the content is never 100% correct, so exercise caution, and that is my caution. before we go, let's update you with some more businss news... shares of chinese electric vehicle maker zeekr have surged by almost 35% on their debut in the united states. zeekr is a premium brand of manufacturer geely, which also owns sweden's volvo cars and the uk's lotus. it was formed in 2021 to tap into growing chinese demand for premium ev models, and has since delivered nearly 200,000 cars, mostly in china. chinese companies have been winning bids to explore oil and gas fields in iraq. since saturday, they have won

licenses covering ten sites, while iraqi kurdish company kar group took two. iraq's government is offering licenses for 29 projects aimed at ramping up output for domestic use. although companies from europe were shortlisted, firms from china have been the only foreign players to win bids so far. in the markets, us stocks eked out modest gains on friday and as investors looked ahead to crucial inflation data next week. the s&p 500 and the dow were modestly higher and the nasdaq ended essentially unchanged. analysts expect the crucial inflation report to show an underlying "core" price of 3.6% year—on—year, which would be the coolest reading in over three years. and that's it for this edition of business today. thanks for watching.

hello, and welcome to sportsday — i'm hugh ferris. here's what's coming up... arsenal beat manchester united to go back on top of the premier league with now just a week to go of the season. the men lose — but manchester united's women create history at wembley by winning the fa cup final. and novak djokovic has been knocked out of the italian open, with the world number one claiming it might have something to do with �*that�* bottle. hello again. after manchester city won for a seventh game in a row, arsenal did the same for a fifth time. and their premier league title battle goes into

the season's final week.