tensions rise again between beijing and taipei, potentially speaking investors in the region. we will have the very latest. plus, some dog walkers in new york are starting to think theyjust may be recession proof. hello and welcome to asia business report. charisma for swanny. ourtop business report. charisma for swanny. our top story, investors around the world away continues of an escalation in tensions between china and taiwan. over the weekend, china's military has been

simulating attacks on the self ruled island of taiwan, this comes after a meeting between the tae—hwi's just taiwanese president tsai ing—wen and kevin mccarthy last week. the tensions, the international monetary fund warns of severe weakness in the global economy over the next half a decade. the fund says its outlook for global economic growth for the next five years is the weakest it's seen in a while. earlier on spoke to peter mwai, chief executive of xm australia and he told me situations like these are when investors may look to rebalance their portfolios. —— peter mwai. look to rebalance their portfolios. -- peter mwai. they look at market _ portfolios. —— peter mwai. tie: look at market interpretation, rhetoric, they said there and they say ride, are there other opportunities, the certain sectors of the markets removed from or other markets to look stronger out, gold or retail versus institution or mining, so we have a degree of concern

and we need 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, we have had _ a week. as this plays out, we have had the _ a week. as this plays out, we have had the international. have had the international monetary fund already talking about concerns in terms of global economic outlook, warning of severe weakness, think the phrase was the use, particularly as countries are engaged in that war in ukraine, further geopolitical concerns with regard to what is happening between china and taiwan, when you look at their assessment, do you agree with that, do you think things are as bad as they think you could get? as bad as they think you could net? ~ , as bad as they think you could iet? . , ., ., get? well, they are far brighter _ get? well, they are far brighter than _ get? well, they are far brighter than are - get? well, they are far brighter than are a - get? well, they are far brighter than are a and get? well, they are far. brighter than are a and i get? well, they are far- brighter than are a and i would say when you're looking at the collective of what they put together that you would have to think that, yes, it probably is quite worrying moving forward and these are the issues that main street are certainly worried about for inflation to geopolitical concerns across asia, and whether that can be a contagion that can move very quickly to create more

uncertainty. so, yes, why would have to say most majority of traders would be worrying about that rhetoric. pm? traders would be worrying about that rhetoric.— that rhetoric. any bright spots in our that rhetoric. any bright spots in your view? _ that rhetoric. any bright spots in your view? well, _ that rhetoric. any bright spots in your view? well, i - that rhetoric. any bright spots in your view? well, i think - in your view? well, i think there are. _ in your view? well, i think there are. we _ in your view? well, i think there are. we have - in your view? well, i think l there are. we have earnings season in the states and i will look to see how that moves forward, we had a big rally sincei forward, we had a big rally since ijanuary, whether that will continue and many traders are saying it is a 50—50 split whether we are at the end of that redcycle with jay powell and the fed, there are still green shoes out there and some good signs. green shoes out there and some good sign— green shoes out there and some good signs-_ good signs. peter maguire the 're good signs. peter maguire they're speaking _ good signs. peter maguire they're speaking to - good signs. peter maguire they're speaking to me - good signs. peter maguire they're speaking to me a l good signs. peter maguire - they're speaking to me a little earlier about the outlook and sentiments in marcus easley. meanwhile, the chinese city of shanghai is that you hao is another tesla mega factory. in another tesla mega factory. in a tweet on sunday the chief executive elon musk said the new facility will be capable of producing 10,000 megapixel year. a mega pack is a very large battery with stores energy. according to chinese state media, construction is expected to begin in the third

order of this year and tesla is to start production around the middle of next year. they want to take you to india now, because for the earnings season kicks off this week with numbers from the big it giants gotta emphasis and data services. my colleague has been looking into this and joy smith from mumbai. great to get you on the show. from mumbai. great to get you on the show— on the show. three or four think demarcus _ on the show. three or four think demarcus will- on the show. three or four think demarcus will be - on the show. three or four - think demarcus will be watching out for as well as the commentary from these companies is concerned, number one is the impact of the banking sector are and the turmoil missing in the world after the collapse of silicon valley bank and credit suisse, banking financial services constitutes about 40% of the revenue of indian software giants. number two, of the revenue of indian software giants. numbertwo, of course, is there outlook for financial year 2024 and what they are seeing essentially in terms of the lines is whether they are being renegotiated in

they are being renegotiated in the face of a global slowdown that we have seen, particularly given that europe and us are the biggest geographies as far as business is concerned stop the third and more important one, of course, is the trends in it hiring, whether there is a slowdown that, humpbacks in hiring that these countries are going to do and it is important because these are major recruiters here in india. of course, these companies set the tone for the rest of the earnings calendar here in the country as well. we start off on 12 april with tcs followed by a emphasis on 13 april and then there is acsc bank, that will close the week. lots to keep the markers moving. i’m keep the markers moving. i'm sure you _ keep the markers moving. i'm sure you will _ keep the markers moving. i'm sure you will be _ keep the markers moving. i'm sure you will be keeping across all of those results and more for us from mumbai. thank you for us from mumbai. thank you forjoining us on the show. here are a few other things are watching for you on the economic calendar out in this part of their world. on tuesday we will find out if bank of korea will keep interest rates

steady when it holds the monetary policy meeting for the country. south korea's central bank kept rates on hold last month causing 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 it hiked the cost of borrowing by another 25 basis points despite talks of a possible pause. take a look at food prices. according to the united nations was latest index, international food commodity prices dipped for the 12th consecutive month in muscles the index, released on friday, cited ample supplies, subdued employment, an extension of the black sea's green initiative as reasons for the decline. despite the positive trends, an analyst from the economist intelligence unit told me there are economies in asia that are still dealing with sticky inflation.—

still dealing with sticky inflation. , . ., , inflation. yes, the countries that have — inflation. yes, the countries that have seen _ inflation. yes, the countries that have seen sticky - inflation. yes, the countries i that have seen sticky inflation are the likes of the philippines and singapore and to a certain extentjapan. and that has to do with, you know, what is the idiosyncrasy of that economy, not the food price trends globally.- that economy, not the food price trends globally. how has china's reopening _ price trends globally. how has china's reopening affected - price trends globally. how has l china's reopening affected food prices in asia? is it driving up prices in asia? is it driving up consumption, is it putting pressure on prices? hat up consumption, is it putting pressure on prices?- up consumption, is it putting pressure on prices? not yet. we haven't really — pressure on prices? not yet. we haven't really seen _ pressure on prices? not yet. we haven't really seen that - pressure on prices? not yet. we haven't really seen that affect i haven't really seen that affect very obvious. like i said, in some countries the inflation numbers have come down quite significantly, for example thailand's, but overall inflation was now in the central bank's target range, the latest one in march, and that was a surprise to us. there are a combination of things, depends on the

inflation index and also the subsidies and the bottleneck on the distribution network in the country. if it is not as efficient than inflation tends to be more sticky. and in japan, there is a widespread expectation for higher wage growth and i think the expectation of higher wage growth sometimes leads to, you know, businesses adjusting prices in anticipation of higher wages and higher spending power. have you ever wondered how dog walkers make ends meet? while the average walker makes under $50,000 a year, a growing number of under way to make it pay over $100,000. that's right. michelle fleury went to meet some of them. my my part whiley is what let us there. , ., ., there. he started it all. michael _ there. he started it all. michael is _ there. he started it all. michael is the - there. he started it all.

michael is the owner i there. he started it all. michael is the owner ofj michael is the owner of parkside pups, a dog walking service. it parkside pups, a dog walking service. ., , , service. it was a side hustle that naturally _ service. it was a side hustle that naturally started - service. it was a side hustle that naturally started to - service. it was a side hustle | that naturally started to pick up that naturally started to pick up more. i was having so much fun with admitting the people and meeting the pups.- fun with admitting the people and meeting the pups. today he makes more _ and meeting the pups. today he makes more money _ and meeting the pups. today he makes more money walking - and meeting the pups. today he makes more money walking the | makes more money walking the dogs than as a special needs teacher in downtown manhattan. we are six figures this year, over the last two years we have grown 250%. over the last two years we have grown 25096-— grown 250%. and there is no shorta . e grown 250%. and there is no shortage of— grown 250%. and there is no shortage of customers. - grown 250%. and there is no shortage of customers. part| grown 250%. and there is no i shortage of customers. part of that has to do with all those pandemic copies. michael says with work from home winding down more pet owners are calling him. i down more pet owners are calling him-— down more pet owners are callin him. . ii , , , , calling him. i have 70 puppies that i've picked _ calling him. i have 70 puppies that i've picked up _ calling him. i have 70 puppies that i've picked up over- calling him. i have 70 puppies that i've picked up over the i that i've picked up over the last year, which is really help the company grow.— last year, which is really help the company grow. demand for dog walkers — the company grow. demand for dog walkers has _ the company grow. demand for dog walkers has skyrocketed. l dog walkers has skyrocketed. this year alone the dog walking business in america is expected to grow 3%. and it's already worth an estimated $1 billion. let's go! worth an estimated $1 billion. let's no! �* u, worth an estimated $1 billion. let's no! �* ., let's go! but could a cooling economy — let's go! but could a cooling economy change _

let's go! but could a cooling economy change that? - let's go! but could a cooling economy change that? i - let's go! but could a cooling. economy change that? i think let's go! but could a cooling - economy change that? i think we our recession _ economy change that? i think we our recession proof. _ economy change that? i think we our recession proof. nick - economy change that? i think we our recession proof. nick was - our recession proof. nick was in new york _ our recession proof. nick was in new york city _ our recession proof. nick was in new york city doorman - our recession proof. nick was i in new york city doorman before starting doors and dogs almost ten years ago. starting doors and dogs almost ten years ago-— ten years ago. baby girl, come on. we service _ ten years ago. baby girl, come on. we service and _ ten years ago. baby girl, come on. we service and operate, i on. we service and operate, these are typically the people who get the bailouts or people who get the bailouts or people who work in the industries that are rarely affected by economic turmoil. , , , . turmoil. despite the recent bankin: turmoil. despite the recent banking turmoil _ turmoil. despite the recent banking turmoil and - turmoil. despite the recent banking turmoil and high i banking turmoil and high interest rates, he is confident that poop pays. interest rates, he is confident that poop pays-— that poop pays. you love your do like that poop pays. you love your dog like a _ that poop pays. you love your dog like a child. _ that poop pays. you love your dog like a child. because - that poop pays. you love your dog like a child. because you| dog like a child. because you love your dog like a child, because you might be inclined to even work more, we're still a necessity in these animals people's lives.— a necessity in these animals people's lives. these for two, do . people's lives. these for two, dog walking — people's lives. these for two, dog walking isn't _ people's lives. these for two, dog walking isn't just - people's lives. these for two, dog walking isn'tjust a - people's lives. these for two, dog walking isn'tjust a walk. dog walking isn'tjust a walk in the park, is lucrative business, even if the klingon telle can sometimes be a handful. michelle fleury, bbc news. what a great little piece that is. michelle fleury having lots of fun with that canine

enclosed story. that is it from us. thanks so much watching. do stay with us bbc news. it's become a familiar sight as vaping has grown hugely in recent years and the latest national figures are worrying communities in schools everywhere. with 9% of 11—15 —year—olds currently using e—cigarettes an increase from 6% in 2018. the past few months, and educational pilot scheme has been under way in liskeard. i scheme has been under way in liskeard. ~ ., liskeard. i knew it had nicotine _ liskeard. i knew it had nicotine in _ liskeard. i knew it had nicotine in it, - liskeard. i knew it had nicotine in it, just - liskeard. i knew it had l nicotine in it, just didn't realise how dangerous nicotine in itself was.— in itself was. you can get really addicted _ in itself was. you can get really addicted to - in itself was. you can get really addicted to it - in itself was. you can get really addicted to it and l in itself was. you can get - really addicted to it and then people — really addicted to it and then people think it will help you with— people think it will help you with your stress but actually it makes _ with your stress but actually it makes you more stressful. the — it makes you more stressful. the clear— it makes you more stressful. the clear messaging needs to go out that— the clear messaging needs to go out that beeping _ the clear messaging needs to go out that beeping is _ the clear messaging needs to go out that beeping is a _ the clear messaging needs to go out that beeping is a really - out that beeping is a really useful— out that beeping is a really useful tool—

out that beeping is a really useful tool for _ out that beeping is a really useful tool for adults - out that beeping is a really useful tool for adults used | out that beeping is a really i useful tool for adults used to quit smoking, _ useful tool for adults used to quit smoking, however- useful tool for adults used to quit smoking, however it's i useful tool for adults used to. quit smoking, however it's not ok for— quit smoking, however it's not ok for young _ quit smoking, however it's not ok for young people _ quit smoking, however it's not ok for young people to - quit smoking, however it's not ok for young people to vape. i ok for young people to vape. critics— ok for young people to vape. critics say— ok for young people to vape. critics say children _ ok for young people to vape. critics say children have - ok for young people to vape. critics say children have been drawn in with bright packaging and exotic flavours. it is hoping the pilots could be rolled out to other kauna schools and communities, or the government has said it is introduced regulations to protect children through restricting sales and advertising.

there are times when you look back and think of moments and real tests and i remember being on air when the 7/7 london attacks happened, being with sophie wade with for about six hours and you are navigating these enormous events in real—time, trying to make sense of what was actually happening,

navigating and understanding, all, these multitude of attack and, of course, the interviewing, the life is that you were trying to guide the audience through. it was real journalism in real—time. and that was an incredibly difficult moments and, emotionally it was difficult, understanding what was happening was difficult, explaining it was difficult. what i rememberfrom explaining it was difficult. what i remember from the day, from those six hours, was the volume of shared information that was coming in, it was unlike any other day, with factual detail, with accounts, with information constantly, to be understanding it yourself but to relate to the audience and guide them through it, it was a huge challenge, but you are mixing those new mediums with rays that you had always done the story, but navigating so many strands at the same time.

hello, i'm olly foster, here's what's coming up on sportsday. arsenal drop points at liverpool to reignite manchester city's title hopes. what a night for the knight riders as singh smashes five 6s in a row for victory. and there's revenge for ons jabeur as she claims victory in charleston.