a warm welcome for the indian prime minister as he kicks off his australian tour. at stake, politics and trade. welcome to asia business report, i'm monica miller. our top story this morning, apple is in a multibillion—dollar bill with broadcom to use chips in the united states. it comes

at a time when washington is trying to reduce its reliance on foreign—made chips. my colleague samir hussein reports. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand—in—hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then,

the us has been privatising domestic production of semiconductors is advised to wean firms from relying on foreign chip—makers. last summer, us presidentjoe biden signed an act that drew billions of dollars in subsidies and tax dollars to help the domestic chip—making business. staying on the topic of chips, the us top democrats say that by station is acknowledging its allies and businesses to address china's back ban on sales of memory chips by american manufacturers micron. beijing has accused the firm of filing a security firm. this meant operations of key infrastructure would not be able to buy chips from the company. earlier i spoke to ray wine of consolation research and he explained the impact this would have on micron. micron doesn't have that much of a share inside china but main point the is we are in a titfor main point the is we are in a tit for tat war that basically

the cac, the cyberspace administration in china is saying we have seen some security risks, but we coloured claim what they are. we are about to get a tap on the us side when the smt, a leading maker of other chips in china, which would be the biggest beneficiary of micron pulls out of china, we are seeing mike gallagher come in and say, we should actually be restricting them as well. so now we have this tit for tat on chips. we are trying to de—escalate. the idea is to drive down the tension so we don't continue with a chip war and hopefully we will make progress but right now this is a sideshow in the middle of these negotiations. there have been reports that alibaba cloud has started downsizing which will impact some of the land star. the move comes as the company prepares for an ipo. it is part of the l announcement to restructure to six units following a two—year track —— crack down on the tech sector in china.

narendra modi insane australia for a two—day visit aimed at boosting political and comic ties. last year, two—way trade was... a free trade deal came into effect last year. we look at what both sides are going to benefit from this is it. india is australia's sixth largest trading partner. last year, the two—way goods and services trading was worth about 30 billion us dollars but australia once more, it sees immense economic opportunities with the world's biggest democracy. last year, officials from both countries signed an interim trade agreement and second stage negotiations are well under way. second stage negotiations are well underway. now, second stage negotiations are well under way. now, australia is approaching a migration milestone of1 million people of indian origin. there has

been a surge in skilled workers and international students coming from india to australia, and this is a country that sees great economic opportunities in those personal connections, those personal connections, those personal connections, those personal journeys those personal connections, those personaljourneys of people coming from india to australia. so, a great dealfor narendra modi and his australian counterpart anthony albanese to discuss. they will focus on security, renewable energy and of course trade, australia's all—weather country when i won economic diversification. at that moment, straight and that global trade is dominated by china. china is by far australia is my biggest trading partner but australia is hoping that in the years to come, india and trade with india will continue to grow.— continue to grow. there are three focus _ continue to grow. there are three focus areas, - continue to grow. there are i three focus areas, technology, clean _ three focus areas, technology, clean energy and skilling. india _ clean energy and skilling. india has been pitching itself

to be — india has been pitching itself to be a — india has been pitching itself to be a lucrative reliable investment destination is looking to build on the existing trade partnership with australia worth over $45 billion _ australia worth over $45 billion. prime minister narendra modi has been meeting senior_ narendra modi has been meeting senior members of the business community in australia including the chief of a company and he discussed technology cooperation in the field — technology cooperation in the field of— technology cooperation in the field of mining as well as manuah _ field of mining as well as manual. he had similar conversations with the company ceo of— conversations with the company ceo of another company and also had an— ceo of another company and also had an important conversation with_ had an important conversation with andrew forrest as to his companies help indian companies take bigger steps in the field of green hydrogen. india has been — of green hydrogen. india has been looking to diversify and extend — been looking to diversify and extend its lead break in the field — extend its lead break in the field of— extend its lead break in the field of renewable energy, specially because india is the third — specially because india is the third largest carbon emitter in the world. over the last 20 years. _ the world. over the last 20 years, investments in australia totalled — years, investments in australia totalled $1 billion. india and australia have a free trade agreement which came into effect — agreement which came into effect last year and are

looking to have more conversations to increase the scope — conversations to increase the scope of _ conversations to increase the scope of that and convert it into — scope of that and convert it into a — scope of that and convert it into a larger, comprehensive cooperation agreement. phil mercer in — cooperation agreement. phil mercer in sydney _ cooperation agreement. pt i mercer in sydney and around it a the fan rick virgin orbit filed for bankruptcy last month. barcelona is on of the most popular cities in the world. for many of its residents, tourism has become a major challenge. the cities due to hold a local election this weekend. its status as a tourism magnet is one of the top issues driving voters to the polls. another day, and cruise liner docks barcelona harbour. around

400,000 cruise passengers december here each month. the city of gao these modernist architecture is a major tourist hub. —— goudie's modernist architecture. visitors have returned to pre—pandemic levels. 10 million people visited barcelona in 2022 but many locals do not like the impact tourism is having. noise, crowded streets, and unaffordable housing are just some of the problems it causes. translation:— translation: touris end up occuwing — translation: touris end up occupying public _ translation: touris end up occupying public space - translation: touris end up occupying public space and l translation: touris end up i occupying public space and that pushes us residents elsewhere. there are so many tourists that the residents don't spend time here in the centre of town. it really makes you sad. the local authorities _ really makes you sad. the local authorities are _ really makes you sad. the local authorities are not _ really makes you sad. the local authorities are not happy - really makes you sad. the local authorities are not happy aboutj authorities are not happy about the situation either. the left—wing local government, in

power since 2015, has taken a number of measures to try and curb the growth of tourism, including closing down around 6000 illegal tourist apartments. as she runs for re—election in a tightly full race, the mayor is going further, proposing a series of tougher measures that include opposing the mooted expansion of barcelona airport. translation: of barcelona airport. tuna/mom- of barcelona airport. translation: ~ ., ., , ., translation: we have a plan auainst translation: we have a plan against mass _ translation: we have a plan against mass tourism - translation: we have a plan against mass tourism that - against mass tourism that includes not expanding barcelona airport because we can't have 20 million more tourists. not allowing more cruise ships terminals to be used and reducing the number of cruise passengers who arrive here by half. and we want to limit further the number of tourist apartments and souvenir shops in the city.— shops in the city. opposition arties shops in the city. opposition parties have _ shops in the city. opposition parties have proposed - shops in the city. opposition parties have proposed less l parties have proposed less strident measures to manage the issue but many in the sector are worried about the backlash

against terrorism because of its importance for the local economy. translation: ., , , , , translation: tourism represents around 1496 of — translation: tourism represents around 1496 of the _ translation: tourism represents around 1496 of the city's _ translation: tourism represents around 1496 of the city's gdp. - around 14% of the city's gdp. we are obviously a very important industry. the hotel sector generations 1.9 billion euros a year in barcelona alone. ., ., , alone. the future of tourism in barcelona _ alone. the future of tourism in barcelona will _ alone. the future of tourism in barcelona will depend - alone. the future of tourism in barcelona will depend to - alone. the future of tourism in barcelona will depend to a - barcelona will depend to a great extent on the results of this election, but whatever happens, it is certain to remain a contentious issue for the city's politicians and its residents. and finally, a buyer has paid over $6 million for a wrist watch once owned by the last emperor of china. at an auction in hong kong. that is more than double what it was expected to fetch. the timepiece is one of only three to exist. it

originally belonged to aisin—gioro puyi. that's it for this edition of asia business report, i'm monica miller, thank you for watching. my name is shirley robinson. i am 90 and i have just done a skydive. well, my children offered to give me an event for my birthday, so i settled for a skydive. i just thought that the silence up there would be wonderful and it would be lovely to just float amongst the clouds, which it was. i was diagnosed with leukaemia i suppose about eight months ago. and it is chronic, so i mean i shall have it until i die.

and although it will never get better, they told me, ijust go plodding along. i have done this skydive to raise money for crisis because imagine what it is like sleeping rough on cold nights. and i don't think any child should go to bed without its own home over its head. i didn't go out with the idea of raising vast amounts but i have, i have raised over 5000, and it isjust wonderful how generous people have been. it's lovely. hey. i'm with the catch—up tonight. illegal vapes. a whatsapp upgrade. and a very, very cute doggie reunion. we now know the names of the teenage boys killed in monday's crash in cardiff.

this is a picture from when they were younger. 16—year—old kyrees sullivan and 15—year—old harvey evans died shortly before these riots broke out. the bbc�*s verified this footage that appears to show a police van following two teenagers shortly before the crash. police have started digging near a reservoir in portugal as the madeleine mccann investigation continues. the operations being led by german police looking for evidence to link her disappearance to suspect christian bruckner. some other stories for you now. we probably all know someone who vapes, but do you know what could actually be in some of them? the bbc has found some vapes confiscated from school kids have high levels of lead, nickel and chromium. kids using them could be inhaling more than twice the daily safe amount of lead and nine times the safe amount of nickel. manchester uni is taking disciplinary action, which means students could face suspension against 11 students who occupied halls there this

year during a rent strike over the cost of living. now we've probably all sent a whatsapp we regret. i know, i definitely have. well, soon you'll be able to edit messages, but only for 15 minutes after you've sent them. time now to leave you with 10 seconds of lovely wholesomeness. this is the moment a pet dog dug it's way out, get swept out from underground. after being trapped in aberdeen for 60 hours, bear was found after its owner was led to the hall by another dog. you're all caught up now. have a good night.

hello, i'm mark edwards from the bbc sport centre. coming up on our programme... pep calls for quick verdicts on the premier league charges against manchester city but promises to stay regardless of the outcome. valencia are hit with a five—match partial stand closure after the racist abuse suffered by real�*s viniciuer in their la liga clash. geraint grinding through the gears at the giro — thomas regains the overall lead in a thrilling 16th stage in italy.