lam nick i am nick marsh live at the g7 summit in hiroshima. on the agenda this weekend, the global economy, ukraine, china and artificial intelligence. disney scraps a multi—million plan to build a corporate campus in florida amid an ongoing spat with the state's governor. welcome to asia business report with me, mariko oi. it's 830 in the morning here in singapore and 9:30am in hiroshima japan.

leaders from some of the world's richest nations in the japanese city to the g7 summit meeting stop looming large over the agenda, the us debt ceiling impasse. this is even as we're some signs of a potential breakthrough in talks. us presidentjoe biden even had cut short his asia—pacific itinerary due to this. let's bring in nick marsh. this is somewhat of the last addition i guess to an already very jampacked agenda that those leaders had to discuss. really jampacked — leaders had to discuss. really jampacked agenda _ leaders had to discuss. really jampacked agenda but - leaders had to discuss. really jampacked agenda but this i leaders had to discuss. really jampacked agenda but this is| leaders had to discuss. really i jampacked agenda but this is an important item. you are talking about the potential of a breakthrough there but the fact that president biden even has to go back to washington, cut short trips here in asia, to papua new guinea and over to australia, that is significant in and of itself in the first reason is that because the us economy, despite all the talk

of chinese economic coercion, and the ramifications for sanctions on russia, the us economy could also pose a threat to stability in terms of the global economic order. we sent bank collapses there, we've been talking about potential defaults linked to the us debt ceiling and the government shutdown so countries in this region are also looking out towards the us in terms of channelling their worry about prosperity. the second reason that it significant is that despite the us�*s overtures, shall we say, towards this region that tilted towards this region that tilted towards the indo pacific, president biden is prioritising domestic issues over these commitments that he made in papua new guinea in countries in the region. there might be certain third the so—called global self developing economies that will be looking at this decision made by president biden, perhaps reading into it or reassessing

us loyalty in this regard. find us loyalty in this regard. and those geopolitical— us loyalty in this regard. and those geopolitical issues as well as economic issues, they are all interconnected, aren't they? the war in uk —— ukraine, causing inflation around the world, leading to higher rates. talk through some of the other economic agenda they will be discussing. economic agenda they will be discussing-— discussing. they are all interconnected - discussing. they are all interconnected and - discussing. they are all interconnected and just discussing. they are all - interconnected and just use the example of sanctions on russia, the west pretty much immediately mobilised after russia invaded ukraine and imposed sanctions there. but it couldn't really rally around the rest of the world and get other countries, developing countries to join in. other countries, developing countries tojoin in. if other countries, developing countries to join in. if you use that example of russia, and apply to china, which the us and its partners in the g7 are trying to put some pressure on economically, you can see how hard it's going to be to build some kind of global consensus when it comes to this g7 desire to contain china. there's been

a lot of worried talk from these countries about so—called economic coercion, the idea that china weaponising its economy, puts pressure on countries, it has disputes with by cutting off access to trade and things like that. the g7 country say, we need to do something about this. but it's very hard to do something about this when you're talking about an economic powerhouse like china. european countries are reluctant to break off trade. it's too important stop there's been a lot of talk about moving supply chains out of china but that's easier said than done it's difficult european economies to do, imagine how hard it is for developing economies to be so closely intertwined with beijing economically. intertwined with bei'ing economically.�* intertwined with bei'ing economically. intertwined with bei'ing economicall . ., ~ intertwined with bei'ing economicall. ., . economically. thank you so much for that update. _ economically. thank you so much for that update. nick _ economically. thank you so much for that update. nick will - economically. thank you so much for that update. nick will be - for that update. nick will be joining us throughout the morning and afternoon on bbc news so do stay tuned for that as well. in addition to those economic issues, the rapid progress of up visual intelligence is also expected to be high on the agenda.

last month, a digital ministers from the bloc agreed on the need to adopt, quote, risk—based regulations on al. of course, 2023 saw the rise of generative ai tools like chatg pt. that's a chatbot which can basically write essays and even computer programs. earlier i spoke with micah mussa from the center for security and emerging technology, and he explained what sort of regulations were needed. very broadly, there's two major types of concerns when it comes to these generative ai systems. the one bucket has to do with the data that they're trained on, which is oftentimes scraped from the web and can include a lot of personally sensitive data or copyrighted material. and there's uncertainty about the legal ramifications of training models on that. on the other hand, there's lots of concerns about the way that outputs of these models might be abused or misused, including for things such as disinformation purposes or even just for students writing essays for their their own homework.

and so regulation broadly has to do with navigating the difficulties posed by those two separate types of issues. there are also concerns like ripping off other people's work, also the spread of misinformation. how can companies and governments prepare for that? it's a great question. our center has done a fair amount of research into the potential misinformation, misuse of these models. and while we've talked a lot about the risk of malicious actors deliberately spreading disinformation in the near—term, i actually think it's a bigger danger that people are starting to use these models as though they're search engines, even though it's well known that they oftentimes make up facts and claim things that aren't actually true and i thinkjust that might actually cause lots of misinformation, potentially some meaningful confusion in the future. the copyright issue

is potentially even harder. the way that these models work is that after they're trained on some data, they have a sort of inherent propensity to output very, very similar content, and it's really hard to remove that capability after it's trained, which means it's really hard to have some sort of opt out system for artists as we've seen with other types of digital technologies. the issue of supply chain diversification is also likely to be discussed at the g7, and the bloc has actually invited the chair of the african union to the summit, whom my colleague aaron heslehurst spoke to. albert muchange. africa is transforming. and in that process of transformation, we wanted to add value to our vast natural resources.

if we can get the skills to produce intermediate goods, if we can get the skills to promote industrial design and really advance the process of manufacturing and agri—processing across africa, that is going to be most welcome. so if we move in that direction, there's going to be a partnership because we are not going to continue as the historical sources of raw materials. no, it will not work because of a growing population which want opportunities for decentjobs and that can only come from the processes of manufacturing and agriprocessing. we should promote a spirit of production at source and a good example has been given by drc and zambia when they are going to come up with a joint project on the production of batteries for electric motors. sport now to the us. it's known as the happiest place on earth, then layoffs and the closure of

its star wars themed hotel and disney has pulled the plug on a plan to invest more than $1 billion to build a new corporate campus in florida. it's the latest in a spat between the company and the state's republican governor. samira hussain has more. in a statement to employees, disney said it scrapped its plans because of new leadership at the company and changing business conditions. bob eiger returned to disney november just 11 months after he left. the changing business conditions are likely to include the tension between disney and florida's governor, ron desantis. now, disney is the largest single employer in the state, but it came under criticism by the governor when disney opposed a new law in the state that would ban the discussion of sexual orientation or gender identity in public schools. in a competing statement, mr desantis said disney announced the possibility of this new campus two years ago, but nothing came of it

and that the decision to scrap the project is altogether, is unsurprising given disney's financial straits and declining stock price. well, the company's traditional movie and television business has declined, but the theme parks that the company is so famous for continue to be highly profitable. in other news out of asia this morning, —— in other news out of asia this morning, china's tech giant alibaba posted a 2% rise in quarterly revenue and that actually missed analysts expectations. alibaba also said it would list its cloud computing business next year. earlier this year, the company announced plans to spin off into six different units following a regulatory crackdown in the country. and before we go, let's quickly show you how the nikkei, well above 30,000. is currently trading at the highest level from 31 years following strong gdp numbers from a couple of days ago and inflation figure bursting investor confidence so that the first time in about two years,

above 30,000. they are doing very well. that is at the programme, thank you so much for watching. ta rka tarka has been david's companion for years. but now he is hitting retirement. my is hitting retirement. ij�*i independence is hitting retirement. m: independence and is hitting retirement. m; independence and safety when i go out and about. without him, i would certainly struggle stop david will be getting a new dog but at the moment, he has no idea when that will be. breeding and training by the guide dog's charity was paused during the pandemic and the impact of that means that waiting times are longer than they would like. in the meantime, david, who is severely sight impaired, will have to go back to using a white cane. there is also the matter of what happens to tarka

when the new dog arrives. i’m when the new dog arrives. i'm caettin a when the new dog arrives. i'm getting a bit — when the new dog arrives. i“n getting a bit tearful talking about it even now. it's going to be... as long as i know he is going to a good home, and i can see him on a regular basis hopefully, that's all i want for him, really. hey, i'm rachel with the catch up. tonight — a tiktok ban. rooming with grannies. and a warning about escooters. but first, two teenage cousins who stabbed khayri mclean to death have been given life sentences. the 15—year—old was murdered outside his school in north huddersfield last year. jovani harriott and jakele pusey can now be named for the first time after a judge lifted reporting restrictions. outside the court, a statement was read on behalf of khayri's mum.

i now ask myself, "what has this achieved? "what has my son died for?" nobody has won in this situation. i have lost a child and other parents have lost two children. some other stories now. what would you do without tiktok? well, in america, montana's become the first state to ban tiktok. from january, you won't be able to download it from the app store. struggling with rents rising? some young people in london might have a solution. they're using a scheme that matches them with an elderly person who owns a house and they get reduced rent for helping with things like cooking and diy, and they get to keep each other company. escooters look pretty cool but you need to be really careful if you're charging them. this is the moment when one burst into flames while it was on charge in someone's kitchen at the weekend. time to wrap up with ten seconds of cardiff impressing beyonce.

last night, we heard some welsh fans of her singing the cue but this was when they really showed off their skills and belted out love on top during the concert. you're all caught up now. have a good night.

hello, i'm chetan pathak at the bbc sport centre. coming up on the programme — celebrations for roma, who reach the final of the europa league/ no french open for nadal — rafa rules himself out of roland garros and says he plans to retire next year. and we hear from katie taylor, who says she'll make history on saturday night as the irish boxer prepares to fight in front of her home crowd for the first time. welcome along. thank you forjoining us. there'll be three italian teams in europe's three major european finals this season and jose mourinho looks to be doing it again. he's on the brink of another major european trophy. his roma side into the final of the europa league after a goalless d raw

at bayer leverkusen ensuring a 1—0 win on aggregate.