the uk and the us unveil a sweeping new economic partnership, but what about the much—awaited post—brexit trade deal? plus, how extreme weather conditions could soon mean you'll have to pay more for that morning cup of coffee. hello and welcome to asia business report with me, mariko oi. our top story today — british prime minister rishi sunak and president biden have announced what they called a new partnership between the uk and us to boost economic security. the agreement, called the atlantic declaration, covers a wide range of areas including artificial intelligence, green funding and civil nuclear power. michelle fleury has the latest from new york. gone was the mention of the all—encompassing trade deal

promised in the wake of brexit. as place, a commitment to cooperate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister held this approach as a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face. the economic relationship has never _ face. the economic relationship has never been _ face. the economic relationship has never been stronger. - face. the economic relationship has never been stronger. the . has never been stronger. the trade — has never been stronger. the trade is — has never been stronger. the trade is worth hundreds of billions _ trade is worth hundreds of billions of pounds or dollars a year. — billions of pounds or dollars a year. over_ billions of pounds or dollars a year, over1 million of our citizens— year, over1 million of our citizens in— year, over1 million of our citizens in each country work in each — citizens in each country work in each other's companies, we are the — in each other's companies, we are the largest investors in each — are the largest investors in each other's companies and that trade _ each other's companies and that trade is — each other's companies and that trade is growing like 20% last yeah — trade is growing like 20% last yeah ~ — trade is growing like 20% last ear. . , �* , year. . president biden pledged to cive year. . president biden pledged to give access _ year. . president biden pledged to give access to _ year. . president biden pledged to give access to critical- to give access to critical minerals electric car batteries, similar to an agreement made with japan's. there is no reason why great —— great _ there is no reason why great —— great britain _ there is no reason why great —— great britain will— there is no reason why great —— great britain will not _ there is no reason why great —— great britain will not play - there is no reason why great —— great britain will not play a - great britain will not play a major — great britain will not play a major role _ great britain will not play a major role in _ great britain will not play a major role in investing - great britain will not play a major role in investing in l major role in investing in

united _ major role in investing in united states's- major role in investing in united states's need - major role in investing in united states's need forl united states's need for criticai— united states's need for critical materials, - united states's need for. critical materials, including battery _ critical materials, including battery technology - critical materials, including battery technology and - critical materials, including battery technology and a l critical materials, including - battery technology and a whole range _ battery technology and a whole range of— battery technology and a whole range of things. _ battery technology and a whole range of things. this _ battery technology and a whole range of things.— range of things. this is significant. _ range of things. this is significant. it - range of things. this is significant. it should i range of things. this is i significant. it should help limit the impact of the inflation reduction act, introduced byjoe biden to promote green technology, which stops countries with anti—us trade deals from accessing the ' tax credit trade deals from accessing the �*tax credit and is. —— the laws�*. a cyber crime gang thought to be based in russia has claimed it's behind the hacking of payroll data affecting companies around the world. the bbc, boots, british airways and aer lingus are among those impacted, as well as a university and government department. the group called clop is threatening to publish the stolen information if the companies don't email them by the 14th ofjune. josh kennedy white is an expert in cyber technology with divisionx global, and earlier, he told me why this is not your

typical cyber attack. this is used by hundreds of companies, including the bbc, and the russia group clop rep... doesn't it appears clop have deployed vulnerabilities to carry out this attack within a supplier to move it. this is very interesting and we're seeing much more of these attacks. once discovered, they usually get the updates you sort of get on your phone. that might be a clue as to who carried it out. they're clue as to who carried it out. they�* re often clue as to who carried it out. they're often used by hackers working together with criminal games. it's intriguing, the hackers have released...

telling victims they have seven days. most scenarios are upsetting. the attackers... —— are the same. it's difficult even for them to know which company to identify. it's not like the movies where we see a hacker go in and flyers are all neatly labelled and all the attacker has to do is download an ued file with data. i think it could be weeks or months before the victims discover their data is compromised. gm electric card owners can now access tesla's huge networks and three of the top sellers in the market have now agreed on a

standard for charging hardware. the news lifted both companies by nearly 3%. the boss of car—maker volvo has told the bbc that demand for his company's vehicles remains strong despite the challenging economic climate in many countries. jim rowan was speaking as he launched the automaker�*s new suv the ex30 in milan. our reporterjonathanjosephs asked him if the fact it was the company's smallest ever suv was a sign customers no longer wanted the big vehicles volvo was traditionally associated with. i think customers expect choices, notjust in the size of the car, but... they're really starting to widen the choice and you get all the benefits of volvo in terms of safety and sustainability and

ride comfort. i safety and sustainability and ride comfort.— ride comfort. i want to talk ou ride comfort. i want to talk you about _ ride comfort. i want to talk you about inflation - ride comfort. i want to talk you about inflation and - you about inflation and pricing. about 38 $9,000 is the starting point, compared with rivals like tesla. do you think you'll be able to stick to that price point? irate you'll be able to stick to that price point?— you'll be able to stick to that price point? we looked at the demand of — price point? we looked at the demand of the _ price point? we looked at the demand of the products. - demand of the products. across the globe, it has remained incredibly strong. we see that everywhere and we don't see any cancellations, any slowing down. at this point, we don't see the need to meddle with the prices on a global basis. europe and china are your two biggest markets, both have got their own economic struggles and �*s cars aren't a small purchase. are you worried that these uncertainties will bit

sales? ~ ~ , ., these uncertainties will bit sales? ~ ~ ., , these uncertainties will bit sales? ~ ., , . sales? we keep a really close e e on sales? we keep a really close eye on the — sales? we keep a really close eye on the macro _ sales? we keep a really close eye on the macro economics. | sales? we keep a really close . eye on the macro economics. we keep a close eye on raw material costs and logistics. all of these things tend... demand for this product stays high. demand for this product stays hiuh. , ., demand for this product stays hiuh. ., ,, .,~ ., high. jim rowe when speaking to the bbc's jonathan _ high. jim rowe when speaking to the bbc's jonathan joseph. - now, here's something you may not expect, but your morning cup of coffee may soon cost more, and that's because of the el nino weather pattern. fitch is predicting that extreme weather conditions will impact the production of robusta coffee in vietnam and indonesia this year. but it's notjust coffee. earlier, i spoke to aziz elbehri from the un's food and agriculture organisation in bangkok, and he told me other crops that are even more vital to global food security will also be affected. el nino is expecting a very high probability later this

year. coffee these times are assisted of crop that would be damaged with high repercussions of prices. but i think el nino is hitting the region at a very sensitive time. the country is more likely to impact australia and southeast asia, mostly phyllis eames —— philippines and cambodia. but the most impacted crop is rice. prices of rice have been growing up recently as a result of the global financial and recently as a result of the globalfinancial and economic global financial and economic crisis. i globalfinancial and economic crisis. i think this will add to the situation, at least for some countries. the indian government has increased the guaranteed prices that farmers get for crops sown during the rains. but, as the bbc�*s arunoday mukharji explains, indian farmers

are still not happy. this is essentially the minimum support price, the guaranteed money that a farmer is assured by the government for their produce. the government has decided to increase the price given to farmers by nearly $2 as compared to last year. this is the primary crop song and the monsoons of india. apart from atari, minimum support prices have been hiked for pulses by nearly $10. but many farmers organisations are not satisfied. they say the rise in prices does not match the input costs put in by farmers. farmers say the government has not taken into account the rising irrigation and fertiliser costs and have also severely affected farmers. the government disagreed with the farmers, saying this is going to be beneficialfor them

to be beneficial for them because it's also coming at a time when retail inflation is on the client. the government also reiterated that the intention was to try and figure out and ensure some form of reasonably fair solution for the farmers and props. let's ruickl the farmers and props. let's quickly show _ the farmers and props. let's quickly show you _ the farmers and props. let's quickly show you how - the farmers and props. let's quickly show you how wall i quickly show you how wall street ended overnight. the s&p 500 is now about last year. there will be watching closely what happens to the cost of borrowing in the us when the fed needs it next week. that is it for this edition of asia business report. i'll be back at the top of the hour, sojoin us if you can. thanks for watching. bbc news — bringing you different stories| from across the uk. pictures of the latest crash on moorbridge lane in stapleford.

incredibly, the driver walked away without injury. as startling as the photographs are, residents aren't that shocked. this isn't the first time it's happened. you see when you come over the bridge, people speed over the bridge. there's no need to do it, so people just need to slow down, but if they're not going to do that, it's just worse, so measures need putting in place. well, it's disgusting, really, that people think that it's ok to drive recklessly. residents now want action before someone's seriously hurt, so they started a petition. if you stand here long enough, you hear all the vehicles coming down here. and i'm sure the majority of people don't speed, but it's the ones that do, and that's why we're asking nottinghamshire county council to come out and look at the area and put some kind of traffic measures in, because we've got to make it safe for the people who live down here and also the many people who walk and cycle along here. the county council says, "we do have interactive speed signs "in place on moorbridge lane, but as with all speed limits, "we rely on road users to drive appropriately and respectfully "within the limit."

it goes on to say, "the petition will be "considered and discussed at a future transport "and environment cabinet member meeting." richard's petition went online. he hopes, with enough support, it'll prompt action. for more stories from across the uk, - head — to the bbc news website. hi, i'm ellis with the catch up. tonight — hip—hop's anniversary, hot weather warnings and cancer care delays. but first, celebrations are taking place at east london tonight after west ham won the europa conference league — theirfirst major trophy in 43 years. there's an open—top bus going from a former park ground to a reception at stratford town hall. think i'm dreaming, ijust can't believe west ham have won something! ijust can't believe this! west ham are the best club in the world — i'm saying it, west ham

are the best club in the world! some other stories now. four toddlers have been stabbed in a park in the southeast of france. police overpowered and investigated the attacker. at least two of the toddlers are in a critical condition, though. the nhs can't provide effective care for cancer patients because of staff shortages, radiologists say. half of cancer units are now reporting frequent delays for radiotherapy and chemo. the government says it's drawing up a 15—year plan for how to deal with these shortages. as we prepare for more hot weather here in the uk, lifeboat crews are warning about the dangers of taking inflatables out to sea. this comes after three people drifted away from the coast on a giant duck in devon on tuesday night. they all paddled back to shore safely, though — quackers. time now to leave you with ten seconds of hip—hop — don't worry, i'm not going to start rapping! but a festival celebrating 50 years since the

birth of the genre is well under way in birmingham. you're all caught up. bye for now.

hello, i'mjane dougall at the bbc sport centre.