tensions rise again potentially spooking investors in the region we will have the latest. and as the easter weekend wraps up and as the easter weekend wraps up a special look into how staff shortages are still hitting the tourism sector. hello and welcome to asia business report. i am karishma vaswani. ourtop business report. i am karishma vaswani. our top story today, investors around the world waking up to the news of escalation in tensions between china and taiwan. over the weekend china's military has been simulating attacks on the south island of taiwan. this

comes after a meeting between the taiwanese president and the us house speaker kevin mccarthy in california last week. tensions, as international monetary formed —— fund has warned of severe weakness in the global economy in the next half decade. the says it outlook for global economic growth the next five years is the weakest. i spoke to our correspondent earlier, the chief executive at xm australia and he told me situations like this are where they look to rebalance portfolios.- this are where they look to rebalance portfolios. look at the escalation _ rebalance portfolios. look at the escalation they - rebalance portfolios. look at the escalation they look - rebalance portfolios. look at the escalation they look at i the escalation they look at rhetoric they look at market interpretation as far as news and they sit there and they say, are there opportunities? are there sectors of the market to be removed from or other markets that need to be looking stronger out. the gold or retail versus institutional mindsets. so we have a degree of concern and to wear this one

through over the next matter of a week. figs through over the next matter of a week. �* , , through over the next matter of aweek. r ,,,, through over the next matter of aweek. a ,, ., ., a week. as this plays out, of course. _ a week. as this plays out, of course. we _ a week. as this plays out, of course, we have _ a week. as this plays out, of course, we have had - a week. as this plays out, of course, we have had the - course, we have had the international monetary fund already talked about concerns in terms of global —— global economic outlook warning of severe weakness, i think the phrase that they use, particularly as countries are engaged in that war in ukraine. further geopolitical concerns as regards to china and taiwan. looking at their assessment, do you agree with that? do you think things are as bad as they think things are as bad as they think it could get? that think things are as bad as they think it could get?— think it could get? that are far broader— think it could get? that are far broader than _ think it could get? that are far broader than i - think it could get? that are far broader than i and - think it could get? that are i far broader than i and looking at the collective of what they have put together, you would have put together, you would have to think that, yes, it probably is quite worrying moving forward. these are the issues that mainstream are certainly worried about, and inflation to geopolitical concerns across asia. and whether that could be a contagion that could move very quickly to create more uncertainty for stubs so yes, i

would have to say, most majority of traders would be worrying about that rhetoric. any bright spots in your view? i think there are. i think that the earnings season in the states and i will be looking to see how that moves forward since january see how that moves forward sincejanuary one. so see how that moves forward since january one. so whether that will continue and many traders are saying that it is a 50-505 traders are saying that it is a 50—505 split whether we will be on the right side of the fed so i think they are still shoots out there and some good. meanwhile the chinese city of shanghai is set to host another tesla manufactory on sunday be electric car mass —— elon musk said they would be capable of producing 10,000 mega pack so year, that is a very large battery that stores energy for stuff according to attorneys the immediate tesla plans to stop construction of the factory in the third quarter and aims to start production

around the middle of next year. —— start production. looking at food prices not because according to the nine nation slaves index international prices dipped for the 12th consecutive month in march. the index released on friday cited ample supplies and the extension of the black sea green initiative as reasons for the decline. but despite the positive trend, an analyst from the economist intelligence unit in saying that there are still economies in asia dealing with sticky inflation.— sticky inflation. countries that have _ sticky inflation. countries that have sticky - sticky inflation. countries that have sticky inflationl sticky inflation. countries i that have sticky inflation are the likes of the philippines and singapore into a extent japan. that has to do with what is the idiosyncrasy of the economy, not the food price trend, normally.— trend, normally. how does china's reopening -

trend, normally. how does china's reopening affect i trend, normally. how does l china's reopening affect food prices in asia? is it driving consumption up, putting pressure on prices? hat consumption up, putting pressure on prices? not yet. we have not really _ pressure on prices? not yet. we have not really seen _ pressure on prices? not yet. we have not really seen that - have not really seen that affect very obviously. like i said, in some countries the inflation number have come down quite significantly, but for example thailand, the overall inflation was now in the central banks, the latest one in march, that was a surprise to us. there is a combination of things, it depends on the inflation and also the subsidies and the bottleneck on the distribution network in that country. if it is not as efficient than inflation tends to be more sticky. injapan, there is a widespread expectation for higher wage growth and i think the expectation of higher wage growth sometimes leads to businesses adjusting prices in

anticipation of higher wages and higher spending power. from the er you _ and higher spending power. from the er you speaking _ and higher spending power. from the er you speaking to _ and higher spending power. from the er you speaking to me a little earlier. a few things we were watching on the economic calendar this week starting with tuesday, we will find out if the bank of korea will keep interest rates steady when it holds its monetary policy meeting. the central bank cap rates on hold last month, pausing a tightening cycle that started in august of 2021. mid week we will be getting a read on us inflation for the month of march and we will also be looking out for minutes from the us fed's meeting last month. when in high to the cost of borrowing from another 25 basis points despite talks of a possible pause. i was talking about that little early. despite the increased cost of living we are seeing all of the roman people are still expected to be enjoying things out and short trips this easter weekend. however, many of the hospitality businesses, they will be visiting in the uk or

have been visiting in the uk, i should say, are still suffering from severe staff shortages more than a year after the pandemic restrictions. reporter has been to the district to find out about some of the problems and possible solutions. these hands and started the deck this morning at 630 in here. but there was already an hour ahead of that during menus today. easter holidays fun fun fun. in this kitchen the owner has given more than just turning to the business was to staff shortages meaning she has to fill many of the struggles or so. it meaning she has to fill many of the struggles or so.— the struggles or so. it has cotten the struggles or so. it has gotten worse. _ the struggles or so. it has gotten worse. there - the struggles or so. it has gotten worse. there is - the struggles or so. it has gotten worse. there is no | gotten worse. there is no question of stuff it has 100% got worse. we have always been above minimum wage. we offered apprenticeships, we have offered alternate weekends off, so if you are weekends working, we have offered a means to do

shopping on the weekends so they can have weekends off and we are still not getting any candidates apply. hat we are still not getting any candidates apply. not even any candidates? — candidates apply. not even any candidates? no. _ candidates apply. not even any candidates? no. on— candidates apply. not even any candidates? no. on a - candidates apply. not even any candidates? no. on a beautifulj candidates? no. on a beautiful busy weekend this is a familiar story. naturally there are more than 140,000 if in hotels and restaurants like hers. but the issueis restaurants like hers. but the issue is particularly challenging here where there are problems with affordable housing, public transport. it means operators having to come up means operators having to come up with pretty innovative solutions.— up with pretty innovative solutions. ~ . ., , ., solutions. we have a blend of accommodation _ solutions. we have a blend of accommodation and - solutions. we have a blend of accommodation and hotel- solutions. we have a blend of accommodation and hotel for| accommodation and hotel for stop — accommodation and hotel for sto - . , ., accommodation and hotel for sto. , stop. on the south shores here it is notjust — stop. on the south shores here it is not just for _ stop. on the south shores here it is notjust for spending - stop. on the south shores here it is notjust for spending the l it is notjust for spending the night in the hotel. we it is not just for spending the night in the hotel.— it is not just for spending the night in the hotel. we have to be creative. _ night in the hotel. we have to be creative. we _ night in the hotel. we have to be creative. we are _ night in the hotel. we have to be creative. we are fortunate| be creative. we are fortunate here — be creative. we are fortunate here that _ be creative. we are fortunate here that we do have some limited _ here that we do have some limited accommodation for stops i'm limited accommodation for stops i'm here — limited accommodation for stops i'm here at the hotel and other accommodation in the local town — accommodation in the local town so _ accommodation in the local town. so we have an advantage. actually— town. so we have an advantage. actually fight —— provide transport ourselves to bring people _ transport ourselves to bring people in. we have three

minibuses that constantly go backwards and forwards from the morning — backwards and forwards from the morning right through to midnight. the cost annually for that to — midnight. the cost annually for that to us — midnight. the cost annually for that to us is around £120,000. the hospitality industry is calling for short—term immigration reform to allow businesses to fill roles from overseas. howeverthe overseas. however the government once overseas. howeverthe government once employees to invest in making jobs more attractive to the domestic workforce will stop we are locked out of a package with rewards in the event —— we have all kinds of rewards. so that is all in the short term and keeping people in the company. that is where our development comes in and rather than spending a lot of money on entry—level, we train as a team up. so we have the tools to develop a career in our industry. develop a career in our industry-— develop a career in our indust . ., ., ., , industry. for her hotel group that focus — industry. for her hotel group that focus is _ industry. for her hotel group that focus is paying - industry. for her hotel group that focus is paying off. - industry. for her hotel group

that focus is paying off. it i that focus is paying off. it was not my initial career choice _ was not my initial career choice i_ was not my initial career choice. i wanted to be in it and — choice. i wanted to be in it and i— choice. i wanted to be in it and i ended up moving into catering _ and i ended up moving into catering and i'm glad i did. because _ catering and i'm glad i did. because it has changed my health— because it has changed my health and aspects of life and i health and aspects of life and i have — health and aspects of life and i have a — health and aspects of life and i have a career i can look forward _ i have a career i can look forward to.— i have a career i can look forward to. i have a career i can look forwardto. ., ., ., forward to. what works for the bi est forward to. what works for the biggest businesses, _ forward to. what works for the biggest businesses, though, i forward to. what works for the j biggest businesses, though, is not an option for everyone. we were able _ not an option for everyone. we were able to — not an option for everyone. we were able to take on an intern but she — were able to take on an intern but she came _ were able to take on an intern but she came from _ were able to take on an intern but she came from sweden, l were able to take on an intern but she came from sweden, aj but she came from sweden, a chef_ but she came from sweden, a chef school— but she came from sweden, a chef school there, _ but she came from sweden, a chef school there, and - but she came from sweden, a chef school there, and came i but she came from sweden, a i chef school there, and came and lived _ chef school there, and came and lived in _ chef school there, and came and lived in our— chef school there, and came and lived in our house. _ chef school there, and came and lived in our house. that - chef school there, and came and lived in our house. that was i lived in our house. that was the — lived in our house. that was the only— lived in our house. that was the only way— lived in our house. that was the only way we _ lived in our house. that was the only way we could - lived in our house. that was the only way we could get . the only way we could get someone _ the only way we could get someone. we _ the only way we could get someone. we were - the only way we could get i someone. we were approached the only way we could get - someone. we were approached by the same — someone. we were approached by the same people _ someone. we were approached by the same people again _ someone. we were approached by the same people again to- someone. we were approached by the same people again to do- the same people again to do this year— the same people again to do this year and _ the same people again to do this year and we _ the same people again to do this year and we just - the same people again to do this year and we just cannotl this year and we just cannot find — this year and we just cannot find anything _ this year and we just cannot find anything. we _ this year and we just cannot find anything. we cannot i this year and we just cannot . find anything. we cannot have someone _ find anything. we cannot have someone living _ find anything. we cannot have someone living in— find anything. we cannot have someone living in our- find anything. we cannot have someone living in our home, i find anything. we cannot have . someone living in our home, we realise — someone living in our home, we realise. ., ., realise. for now cat cooks on but without _ realise. for now cat cooks on but without more _ realise. for now cat cooks on but without more cost - but without more cost short—term solutions, staffing for small businesses like hers remains as difficult to predict as the great british weather. beautiful landscape there. that brings us to the end of asia business report at this hour. thank you so much forjoining me and do stay with bbc news

for the latest global news and headlines. i will see you in the next hour. it's become a familiar sight as vaping has grown hugely in recent years, and the latest national figures are worrying communities and schools everywhere. with 9% of 11 to 15 year olds currently using e—cigarettes, an increase from 6% in 2018. for the past few months, an educational pilot scheme has been under way in liskeard. i knew it had nicotine in it. i just didn't realise how dangerous nicotine in itself was. you can get really addicted to it and then people think it's going to help you with your stress, but actually it makes you more stressful. the clear messaging needs to go out that vaping is a really useful tool for adults to use

to quit smoking. however, it's not ok for young people to vape. critics say children are being drawn in with bright packaging and exotic flavours. it's hoped the liskeard pilot could be rolled out to other cornish schools and communities, while the government says it's introduced regulations to protect children through restricting sales and advertising.

i'v e i've interviewed fascinating people right across the planet whether it is the dalai lama or beyond but the most famous person i interviewed was the film star angelina jolie. soon after her divorce from brad pitt. we did the interview in cambodia where she was doing a documentary film about the cambodian genocide. i think the most important thing when interviewing people is to make it clear that there are no questions that are off—limits. that you can be free to ask

anything. so whether that is with an authoritarian leader or a film star, there are never any prearranged questions or pre—agreed—upon questions. i am always free to ask whatever i want. it is really how i conduct my interviews and how i deal with the people i am interviewing. i like to often, build a connection as well, i think you get much more of the people you are interviewing when you can empathise.

what is this too is for the hello, i'm olly foster, here's what's coming up on sportsday. arsenal drop points at liverpool to reignite manchester city's ttile hopes. what a night for the knight riders as singh smashes five sixes

in a row for victory.