with less than a week to the debt ceiling dealine, we sum up the mood in washington. and heading into the weekend, find out what's at stake for the runoff presidential election in turkey. hi there. welcome to asia business report with me, mariko oi. and a very happy friday to all of you. and it will actually be an extended weekend in america with a bank holiday on monday, memorial day weekend, which traditionally marks the start of the summer season. many lawmakers will be away, even though the debt ceiling deadline of the 1st ofjune is just one week away. from new york, my colleague michelle fleury sums up the mood in washington.

with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn't done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don't cut enough, they won't win over republicans, but if they do too

much, they will lose some democrats who say they don't want to see cuts to social programmes that help the neediest americans. meanwhile, many lawmakers left washington for the long holiday weekend while the talks continue. that was michelle fleury reporting for us. and we may have some fresh development. in the past hour, the new— development. in the past hour, the new york times is reporting that they— the new york times is reporting that they may be closer to raising _ that they may be closer to raising the debt limit and cut spending. any agreement on extending the debt ceiling will have to pass the republican—controlled house of representatives and the democrat—controlled senate, and that may get rather tricky, as several right—wing republicans and more than a handful of liberal democrats have said they were upset by the prospect of a compromise. in the us auto space, ford motor has agreed with tesla to allow its electric vehicle owners access to tesla's superchargers in north america from next year.

analysts have said that access to charging stations is one of the main hurdles to customers being more willing to switch to electric cars. fast charges can add hundreds of miles of driving range in an hour or less. nvidia shares rocketed 24% overnight to an all—time high as investors cheered its upbeat revenue forecast. the chip designer has protected arranged to come in at 50% higher than the average industry estimate. nvidia also said it would have more supply of ai chips in the second half of the year to meet surging demand. british airways has apologised for cancelling dozens of flights in and out of london heathrow because of technical issues. the airline has also offered passengers the option to rebook on an

alternative flight or request a refund. ba has suffered a series of reputation damaging it failures in the past couple of years. turning now to oil prices. china's reopening, and production cuts and russia should have given a boost to crude oils, which some analysts were forecasting to go above $100 per barrel. but instead they have been in a lull in the $70 range. at the next meeting of the organisation of petroleum exporting countries, our guest says she is expecting the cartel to stick with the current production level instead of announcing further cuts. for a closer look at the lagging demand, i spoke with azlin ahmad with commodities research house argus. china's demand should be growing but i think to some extent, the growth may not have been as strong as the market expected. we did see that china manufacturing pmi in april dipped a bit below 50. china's manufacturing

is still depending on exports so if that is facing a recession, there is still that impact on china. so, it is demand driven. but having said that, i don't think... we never saw $100. we do see that going forward. but having said that, i don't think, for the argus consulting team, we never saw $100. we do see that going forward. in the second half of this year. assuming 0pec plus, and that includes russia, delivers on the output cuts that they had announced in early april, we do see that the market should become tighter, in terms of supply and that we should be moving towards the sort of $80 or low 80 in the second half of 2023. so, inching higher but not going up to a hundred. i don't think we ever saw $100, not in the short term. now to pakistan which has cut

its gdp growth estimate for the fiscal year ending injune to what is reported to be one of the lowest levels in history. our business correspondent explains why. pakistan's gdp is now officially estimated to expand at a mere three tenths of a percent for the financial year 2022, 2023 which runs through tojune 30. this is much lower than an earlier estimate of 2% and below both the world bank and the imf projections. the sharp slowdown in growth is one of the lowest in the history of pakistan which is also reeling under a political turmoil. last year, pakistan proved over 6% levels but the country's economic expansion has been discounted by a broad—based slowdown across agriculture, industry, and services. it also faces billions of dollars in economic losses, due to the 2022 floods, with prices soaring and inflation hitting a record 36.4%. there has also been a near halting of imports, as foreign currency reserves have dwindled. economists and rating agencies have warned of rising default risks if the country isn't able to reach a crucial deal

with the international monetary fund to stabilise its travelling economy. nikhil imandar eporting there. voters in turkey headed to the polls again on sunday in a run—off election for president, pitting incumbent recep tayyip erdogan against opposition candidate kemal kilicdaroglu. their campaigns have focused on immigration, inflation, as well as the slow pace of recovery from that deadly earthquake which struck in february. earlier, i asked hasanjafri from a political risk advisory firm what is at stake for the candidates and the turkish economy. inflation has been an issue, economic growth has been an issue in turkey, and those were the two factors that the opposition played up quite a bit during the campaign. but the reality is that the turkish voters, especially outside the coastal areas, are still very much in favour of president erdogan and him continuing as

president for the next five years. now, the challenge that i think they are going to face, at least on sunday, the opposition is going to face on sunday, is to somehow get 5.5, 6% points from voters who didn't vote for the opposition to come out and vote for the opposition candidate. it is going to be a very, very difficult challenge, and i think it is better to assume that on monday morning, president erdogan is still going to be president of turkey, yes. i do want to ask you about the role of social media because twitter came under quite a lot of criticism for blocking certain content in the countryjust a day before its presidential election. what role does it play? social media is a very big player in turkey. i mean, twitter and some of the other platforms. and turkey is not different from other countries, in the sense that all the political parties, including incumbents view social media to project their messages.

except what i would say is that the electorate in turkey, in particular, are still very convinced of the move by how elections are conducted. and if anything, you have to observe that over the last 20 years, there is only one politician in turkey who has really, really understood how to move the ground and how to mobilise people to get out and vote for him, and that happens to be the current president. as you said, it seems rather challenging for the opposition candidate to win this weekend, but given the inflation and the economy being put in the spotlight because of the election, what do you think would happen next? what else can the government to do, whoever wins? i think you are going to continue to see the unorthodox policies that have been adopted the current government for the foreseeable future. you might see some changes on the margins now when there is no election overhang or an election that the president has to worry about.

i think we are going to see some changes in the cabinet, we are going to see people, some fresh faces to come in and try to give a different image, if not a different set of policies to what has effectively been the policy posture of this particular government. inflation has been about a7, 48%. if you look at the trend, it is trending down, but it is still very, very high, you know, if you compare it to the last 20 years. and what is important, i mean, you look at the lira for example, it has been the last couple of days, i think the markets have priced that it will be for the president, yes. japan's nikkei is up by more than half a percent, almost close to 31,000 level, one of the most highest levels in 30 years or so, but investors continuing to watch the weekend

and that debt ceiling situation in america. that is it for the programme. thank you so much for watching. sally has been an hgv driver forjust over a year. she only drives in the day, but says finding somewhere decent and safe to park is difficult. some have got good parking and others haven't. so in the day it's not so bad. but i know that i wouldn't feel safe at night. and you know, i have done one night out alongside my husband and we had to park on the side of the road then. morton coleman runs his family haulage firm in gloucestershire, and he's chair of the road haulage association. he's handed a petition to downing street this week calling for safer and more secure truck stops across the country. it comes at a time when thefts from lorries cost the industry over £400 million a year,

a figure that's growing. most of us wouldn't work in offices if we didn't have proper toilets, proper welfare facilities, a kitchen to go and make and have our lunch and those things, these truck drivers don't have that they have very well modern appointed trucks and decent beds, fridges, microwaves and suchlike, but they still need somewhere to stop. the road haulage association says better facilities for drivers are needed urgently and believes 11,000 safe and secure spaces are needed right now across the country. hello. i'm callum with the catch up tonight. sam smith cancels shows i makes a discovery and baby meerkats. but first, young people with complicated mental health

needs are being put at risk by being placed on children's wards in english hospitals. we've spoken to some of those affected, including 16—year—old molly. she has autism and anxiety, but was placed in this room for seven months where she became distressed and self—harmed. this shouldn't happen to anybody and that the system really needs to change. next, the energy price cap, which limits how much we can be charged for gas and electricity is going down. the average home will pay around £426 less than they do now. but bills are likely to rise over the winter because the £400 subsidy we were getting from the government has expired. in other news now, a man has been arrested on suspicion of criminal damage and dangerous driving after a car crashed into downing street's gates earlier. there are no reports of injuries. and scientists have used artificial intelligence to discover a new antibiotic drug that can kill a deadly species of superbug. ai help them narrow down thousands of chemicals to just a few that could be tested in a lab. now i'm going to leave you with

10 seconds of baby meerkats. look at these guys. they're the first ones to be born at this washington zoo in 16 years. that's it for me. have a lovely night. see you soon.

hello there. welcome along. i'm paul scott at the bbc sport centre. here is what we've got coming up in the programme. europe beckons — manchester united qualified for the champions league after dismantling chelsea at old trafford. following the racist abuse directed at real madrid forward viniciusjunior by valencia fans, the la liga's president appeals for more powers to punish offenders. and birthday boy geraint thomas celebrates turning 37 by increasing his lead at the giro d'italia. hello there. welcome along. thank you forjoining us.

here's what's coming up. we start with football because manchester united have