following the labour plus: following the labour party's landslide we look at how the uk government will reset trade ties with asia. thanks for your company on business today. we begin where citizens here in asia where citizens here in asia where citizens in japan's citizens here in asia where citizens injapan�*s capital have re—elected the governor for a third term. it's a key election because tokyo is an engine ofjapan. it's engine of japan. it's approximately engine ofjapan. it's approximately the same size as the economy of the netherlands. she will have an annual budget worth $100 billion as her disposal as they continue to push to be the main finance senator. but what will her top priority be as she enters her first term? we explain.

it means the tokyo citizens have chosen continuity over drastic change. obviously she has been a popular governor and people appreciate her policies and implementations childcare and implementations childcare and medical infrastructure. in and medical infrastructure. in victory, tokyo has a lot of ground to make up with industry changes? yes. the process is laboriously manual based injapan and tokyo is no exemption. they aren't are making strides on digitising the processes and for people to access online. tokyo tries to compete with hong kong and singapore as well as being a financial hub in the region. there are differences when it comes to tax rate. japan has the week yen as well.

that makes it perhaps less attractive forjapanese attractive for japanese capital. what attractive forjapanese capital. what would you think is going to be the impact going forward with koike in charge? there is a little a government can do and it's true thatjapan and tokyo has a very high tax rate for corporate, around 30% on average compared to singapore and hong kong around 17%. and on a personal tax frontjapan has a high tax depending on the income bracket. it's not advantageous forforeigners bracket. it's not advantageous for foreigners living bracket. it's not advantageous forforeigners living here. for foreigners living here. nose forforeigners living here. nose are the head winds. in terms of weak yen, in comparison, it pales against the equivalent so that is a negative. in the equivalent so that is a negative-— negative. in south korea, workers _ negative. in south korea, workers at _ negative. in south korea, workers at samsung - negative. in south korea, - workers at samsung electronics are set to go on a 3—day strike, the second time in the

company's history the union took industrial action. last month employees took paid leave on the same day. this week's strike is a significant escalation. workers are demanding better pay especially giving the strong performance. samsung said that it expects operating profit in the most recent profit to buy more than 14 recent profit to buy more than 1a times higher compared to the same period last year. that's thanks to prices with i have risen as part of the boom in artificial intelligence. so, how much will this strike affect their operations? that is the question we will put to our investment analyst with us. your thoughts on how this strike may affect samsung? 50. strike may affect samsung? so, the timing _ strike may affect samsung? so, the timing of — strike may affect samsung? so, the timing of the _ strike may affect samsung? sr, the timing of the strike comes at the worst moment when its rival is making record profits due to massive demand from companies. samsung wants to supply them as well but does haven't the quality test yet. in my opinion, the strike will

not last long, because it lacks the rational. first, the union, by the way, there's only 20% employees in the union, the union is demanding just a marginal increase in wage, which is relatively easy to bridge the gap. second, there is not enough justification for this annual performance, based on performance, opi, when the they missed the target. third, they missed the target. third, the company should do more to catch up with the rival companies, so the management has reason to persuade employees to focus on reinvigorating the current status, when some employees are concerned about the future of competitive ness._ concerned about the future of competitive ness. what do you think samsung _ competitive ness. what do you think samsung will _ competitive ness. what do you think samsung will do, - competitive ness. what do you think samsung will do, how. competitive ness. what do you think samsung will do, how do j think samsung will do, how do you think it will treat the employees? if you think it will treat the employees?— you think it will treat the employees? you think it will treat the emlo ees? ,, .,

employees? if you look at the increase. _ employees? if you look at the increase, demanding - employees? if you look at the increase, demanding for - employees? if you look at the increase, demanding for 6.596 increase, demanding for 6.5% increase, demanding for 6.5% increase and the management has offered 5. 1%. so only 1.4% difference. they're asking for additional annual paid leave. samsung have the capacity to meet the demand and is probably assessing how meeting the demand would have a grouped with impact. based on their analysis, there will be some minor increase in the wage and maybe extra mayday leave. that's about it. from the opi, it has more significant implications in the group. so, i don't think it's going to be easy process of negotiation for both the union and the management. they will get something out of it. i management. they will get something out of it. i suppose su ose something out of it. i suppose sunpose some _ something out of it. i suppose suppose some concerns - something out of it. i suppose suppose some concerns of- suppose some concerns of management are the precedent this might have, given strikes are uncommon in south korea. yes, if you look at the history of sam they have maintained no union or zero tolerance of

unions for many years. and things have changed a lot these days. so, there are some active unions within the samsung group and this isjust unions within the samsung group and this is just at the second time the union is going to strike in samsung electronics. staging a protest like this is very uncommon in samsung and it has a very symbolic meaning. overall, quickly, do you think that this strike is a good thing? that this strike is a good thin ? ~ ., �* ~' thing? well, i don't think the strike will— thing? well, i don't think the strike will last _ thing? well, i don't think the strike will last long _ thing? well, i don't think the strike will last long anyway. l strike will last long anyway. most of the people participating in the strike is not directly linked to the production line. so, there's no impact in the capacity and there's going to be very little impact in the sales. in the future, we will see more actions from unions and i think in the future, the union will start gradually increasing its influence and it could impact the future sales. we

influence and it could impact the future sales.— influence and it could impact the future sales. we will leave it there, thanks _ the future sales. we will leave it there, thanks for _ the future sales. we will leave it there, thanks for your - the future sales. we will leave it there, thanks for your time. | it there, thanks for your time. now the usjob market it there, thanks for your time. now the us job market saw a slowdown injune according to data released by the us bureau of labour statistics. 206,000 jobs were created last month, slightly more than the market expected. at the same time, unemployment edged up wards to 4.1%. the focus is on the federal reserve meeting injuly as an interest rate cut is expected this year. the incomecoming uk prime minister keir starmer has a daunting intray as his labour party gets to work. he has to fix the cost—of—living crisis and economic growth is in the doll drums. key to addressing that is their ability to boost the economy to put more in the pockets of households and in the public coffers. that also means navigating a more turbulent geopolitical climate. chief among them, the rivalry between the us and china.

political scientist ian cheung from the national university of singapore gave us his view on how the government would walk that tightrope when it comes to trade. ., that tightrope when it comes to trade. . , ., trade. there are several things- _ trade. there are several things- we _ trade. there are several things. we might - trade. there are several things. we might see i trade. there are several- things. we might see continuity in things with the conservative government because structure things won't change. in addition to the us—china rivalry, that, is. we have the issue of supply chains which were prominent over the pandemic. we have the issue of the uk looking for newer markets after brexit. so, those things will continue, the branding may change. to do so in a time when there's more concern over technologies, so that will certainly feature in the us—china rivalry and the labor party before coming into government talked about audit with the prc, that is a complex relationship, not because of the us rivalry but because of issues to do with security, to

do with trade, issues to do with investment. thaw will all be in the mix. if with investment. thaw will all be in the mix.— be in the mix. if we look beyond _ be in the mix. if we look beyond the _ be in the mix. if we look beyond the us _ be in the mix. if we look beyond the us and - be in the mix. if we look| beyond the us and china be in the mix. if we look- beyond the us and china and turn our attention to india, an fta has been floated by the labor party. do you think that will move forward? i labor party. do you think that will move forward?— will move forward? i think there will— will move forward? i think there will be _ will move forward? i think there will be an _ will move forward? i think there will be an effort - will move forward? i think there will be an effort to l will move forward? i think - there will be an effort to make progress. ftas are complex. they have to deal with various domestic aspects. there will be various resistance from pockets that will have to be mollified. and then there's the bilateral side. i wouldn't hold my breath. side. i wouldn't hold my breath-— side. i wouldn't hold my breath. ~ . ., ., ., ., breath. what about how a labour government _ breath. what about how a labour government for _ breath. what about how a labour government for the _ breath. what about how a labour government for the uk _ breath. what about how a labour government for the uk and - breath. what about how a labour government for the uk and for. government for the uk and for the rest of asia? for government for the uk and for the rest of asia?— the rest of asia? for the rest of asia they _ the rest of asia? for the rest of asia they will _ the rest of asia? for the rest of asia they will look - the rest of asia? for the rest of asia they will look at - the rest of asia? for the rest of asia they will look at the l of asia they will look at the uk to be a partner. the uk has already made that shift some years ago. i guess the thing to look out for will be continuity

and to see how the uk handles the relationship with the prc. there's issues with overseas police stations, with espionage. they accompany these questions of trade and investment. how the uk navigates that and how that turns into its relationship with asia, the rest of asia, will be important, how divestment from the prc by uk firms go to the rest of asia, that will be a thing to watch. you will find more coverage of the uk's new labour government on our website bbc.com and you can find out all the business stories on our business section. that's it from me. bye.

hello and welcome to sportsday. i'm lizzie greenwood—hughes. here are the headlines: celebrations at silverstone as lewis hamilton turns back the clock, winning a record—breaking ninth british grand prix. alcaraz is still on course to defend his wimbledon title, but there are a plenty of shocks in the women's draw. and the euros semifinals are looming — we look ahead to spain v france. so lots of sport for you, and we're starting with formula 1, where lewis hamilton rolled back the years at silverstone to win this weekend's british grand prix, his first race victory for two and a half years.

and he becomes the only driver to have won nine times at the same track. ben croucher reports. a great drive from a great british driver, in a race that had pain, rain and champagne. it all owed in no small part to the great british summer. hamilton started second, behind george russell. mercedes controlled the early part of the race. but as the conditions turned, lando norris surged ahead. it wasn't all great for the brits — no hint of irony as a water system issue ended russell's race. and when the rain abated, norris waited one lap longer than hamilton to put dry tyres on with immediate consequences. hamilton into the lead — and no stopping him claiming a record ninth british grand prix. 2.5 years since his last win and some fresh waterworks flowing. thank you so much, guys! it means a lot to get this one.

to him and a few thousand soggy but satisfied