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, because if consumer prices rise too quickly, america's central

bank will likely push the timing of interest rate cuts further down the line. meanwhile, 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 whether 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 is front and centre for financial markets. we are hoping to see maybe it will take down, two, three, 5%. if we see it heading in the right direction, then it could give the markets and momentum, as well as other assets, such as well as other assets, such as gold, and it could take some steam out of those us treasury yields, which remain elevated. but on the flip side, we know inflation data can be uncooperative and if it starts

to edge higher, we have seen cases of that in the past, it could upset some of the confidence in equity markets, because it could push out that timeline for when we might see that long—awaited rate cut from the federal reserve. also we have this week us retail sales figures. also awaiting some comments from fed chairman, jerome powell. between those two and the cbi and the ppi data, there is a number of events this week that could certainly shift the needle as to those all—important interest rate expectations. so the markets are still favouring perhaps september, but if we did happen to see a hotter read this week on cpi, it wouldn't surprise me if we did see that timeline put further down the road a little bit, abs towards november even. so let's see what the figures are this week. a lot to watch for this week. china also has some key data out including retail sales. what is the state of the chinese consumer right now? some positive figures from

china over the last week starting last week actually, when we saw the trade balance figures. there was a nice turnaround there in terms of chinese imports, so we know the chinese imports, so we know the chinese domestic market, that has been a real weak points for china in this post—covid reopening era. there has been a lack of consumer confidence and consumer buying, and that has led to deflationary pressures. but the imports figures came in almost double what was expected last week, so that was certainly a sign that may be confidence is returning and their appetite for consumer products is returning. also that followed through to the inflation data. starting to edge a little bit further away from that deflationary zone. still not great figures if you like but getting a bit more breathing space between that cut—off point between inflation and deflation. some positive signs from china, perhaps some green shoots. investors probably want to see some more evidence before getting more confidence to china to turn the corner, but certainly data over the past week and indeed the

past month has been more positive than we've seen over the past two years. the thoughts _ the past two years. the thoughts of _ the past two years. the thoughts of achieve - the past two years. the thoughts of achieve market analyst tim waterer. 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. estimated or predicted impacts of geopolitical situation on the swiss —— on the suez canal restoring macroeconomic stability meant the repercussions of this shock have been internalised in the policy discussions and the policy discussions and the policy framework that has been endorsed by the government. all of this to mitigate the impact of this to mitigate the impact of that externality on the domestic economy. according to the world bank, _ domestic economy. according to the world bank, 6096 _ domestic economy. according to the world bank, 6096 of - domestic economy. according to the world bank, 6096 of egypt's| 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, and it is a social protection, a social safety net programme, designed for families, and also tied to education of girls. so it is a very important programme. the current budget that was just discussed in parliament includes a very important segment, related to social programmes that will 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 comes 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 $7 billion 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 this for recruiters. to see if there is a recurrence of similar items, generating a pattern, this is a giveaway. usage of tools in drafting the cvs and cover letters. again, they are always interviewing, it exposes the depth of knowledge on the required subject matter for the role. proper assessments are capable and are progressively upgrading with time to catch users of such tools are by necessity. even if you get through and secure the role, on—the—job performance will expose this eventually. on-the-job performance will expose this eventually.- on-the-job performance will expose this eventually. yes, i mean, expose this eventually. yes, i mean. it _ expose this eventually. yes, i mean. it is — expose this eventually. yes, i mean, it is only _ expose this eventually. yes, i mean, it is only one - expose this eventually. yes, i mean, it is only one part - expose this eventually. yes, i mean, it is only one part of i mean, it is only one part of the process after all, but is it a problem then, to use ai, for the initial application process, submitting a resume, a cover letter? i mean, if everyone is doing it, doesn't

really make a difference? it does, it does. to start with it becomes problematic when you start using the tools of the technology as a replacement. you get exposed eventually on the lack of competence experience, and that might end “p experience, and that might end up losing you the opportunity. depending on the maturity of the talent acquisition framework every organisation has come able get highlighted at different stages, resulting in rejection or termination. none of these outcomes are favourable for anyone.- favourable for anyone. how would you _ favourable for anyone. how would you encourage - favourable for anyone. how would you encourage job i would you encouragejob seekers, then, when it comes to submitting resumes, not to use ai at all? there must be some benefits to it, if recruiters are using it to sift through resumes conventionally to game the system you need to give yourself a chance and produce resumes that al yourself a chance and produce resumes that ai will be attracted to? ~ . . ., ., , attracted to? according to my oinion, attracted to? according to my opinion. it — attracted to? according to my opinion. it is _ attracted to? according to my opinion, it is best _ attracted to? according to my opinion, it is best when - attracted to? according to my opinion, it is best when used| opinion, it is best when used as an enabler to demonstrate competency in a better light. using it to compensate lack of

knowledge with proper due diligence and genuinely learning through the real avenues. it can point you toward something then you have toward something then you have to follow through and build that competency within yourself. also keep in mind that the content is never 100% accurate, so exercise caution before using it, and that would before using it, and that would be my recommendation for using it. before we go, let's update you with some more business 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, japan's nikkei has started trading for the new week. as you can see, down 0.33%. this is how they are trading at the moment after opening flat to lower. all eyes are on the us inflation data, as we said, and we are also watching the japanese yen. also taking cues from wall street. on friday, us stocks eked out modest gains as investors look to head for crucial inflation data. that is it for business today. see you tomorrow.

hello and welcome to sportsday. coming up in the programme — arsenal beat manchester united to go back on top of the premier league, with nowjust a week of the season to go. the men lose but manchester's women create history at wembley by winning the fa cup final. 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 and welcome along. after manchester city won for a seventh game in a row,

arsenal did the same for a fifth time in their