thanks for your company on business today. i'm steve lai. we begin where 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 economic engine of japan. it's approximately the same size as the economy of the netherlands. its economy is approximately the same size as the net zeroer —— as the net zeroerlands. 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 herfirst term? 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 medical infrastructure. she also navigated covid. that's recognition for her performance.— that's recognition for her performance. that's recognition for her erformance. ,, . performance. she said her main challenae performance. she said her main challenge was _ performance. she said her main challenge was how _ performance. she said her main challenge was how to _ performance. she said her main challenge was how to proceed l challenge was how to proceed with digital transformation as industries changed significantly. tokyo has a lot of ground to make up? yes. the process is laboriously manual based injapan and tokyo is no exemption. they 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 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 i7%. and on a personal tax front japan has a high tax depending on the income bracket. it's not advantageous forforeigners living here. nose are the head winds. those are the head winds. in terms of weak yen, in comparison, it pales against the equivalent so that is a 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. samsung say they expect the profits to jump to 15%. samsung said that it expects operating profit in the most recent profit to buy more than 14 times higher compared to the same period last year. that's thanks to prices which risen as part of the boom in artificial intelligence. the timing of the strike comes at the worst moment, when its rival is facing demand from e vidia. it has had the quality test to do that 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, 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. what do you think samsung will do, how do you think it ca re ca re ca re care care care has to fix cost—of—living crisis and economic growth and key to that will be the new government's ability to boost the economy to put more in the pockets of households and the public

coffers. . ., ., , coffers. that also means navigating _ coffers. that also means navigating a _ coffers. that also means navigating a turbulent i coffers. that also means - navigating a turbulent critical 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. 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

and the labour 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. that will all 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 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 to see an fta soon. what about how a labour government for the uk and for the rest of asia? for the rest 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. in the us, jobs rose but unemployment rose. the focus is on the federal reserve meeting in july. on the federal reserve meeting injuly. an interest expect is expected this year. in india a

car maker has launched the first cng powered bike, a fuel efficient and morrison environmentally friendly one, which the comma says will get more to use the cleaner technology in coming years. our india business correspondent sent us this from the launch. this is a globalfirst. a motorbike that runs on compressed natural gas or cng. launched by india's company. from cars, to tuk—tuks, cngs have existed for a while. this is the first time this technology has been introduced on a two—wheeler. there have been numerous pilots that have never come to market. bajaj seems to have succeeded after years of trial and error. having a stand—out design. mit? having a stand-out design. why has it taken _ having a stand-out design. why has it taken so _ having a stand-out design. why has it taken so long? _ having a stand-out design. why has it taken so long? un - having a stand-out design. why has it taken so long? un like - has it taken so long? un like cars where — has it taken so long? un like cars where there _ has it taken so long? un like cars where there is - has it taken so long? un like cars where there is a - has it taken so long? un like cars where there is a lot - has it taken so long? un like cars where there is a lot of. cars where there is a lot of space with which you can play around, in a motorcycle, space

is limited. then you have the cng time, a normal empty petrol tank, is five kilos, this one has a tan thank is three kilos. very challenging to package. the bike's flexible fuel option allows riders to between petrol and cng. bajaj claim that cng rafahs the running cost of the bike which it hopes to appeal to india's price—conscious buyer. it brings c02 to india's price—conscious buyer. it brings co2 emissions down by a quarter. there will be challenges to adoption in a country where cng infrastructure is limited. you will have _ infrastructure is limited. you will have to _ infrastructure is limited. you will have to stand _ infrastructure is limited. you will have to stand in - infrastructure is limited. 7m. will have to stand in line. there won't be a separate queue for bikes for a while. it's not the duration, how often you have to fill but standing in the line will be the big challenge.— the line will be the big challenue. u, j, challenge. the company's immediate _ challenge. the company's immediate focus - challenge. the company's immediate focus is - challenge. the company's immediate focus is to - challenge. the company's i immediate focus is to serve challenge. the company's - immediate focus is to serve the

big indian market and then ship to africa where its bikes and tuk—tuks are popular already. tuk—tu ks are popular already. before tuk—tuks are popular already. before we go, the french elections have drawn to a surprising close with the left—wing's new popular front projected to win 185 seats beating out projected to win185 seats beating out the far—right national rally. it also points a hung parent and no party has an overall majority of 289 seats. the euro fell slightly when the asian trading session began but has recovered. more from me tomorrow on business today. bye for now.

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.