the uk and 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 have to pay a lot more for that morning cup of coffee. hi there, welcome to asia business report with me, mariko oi. ourtop mariko oi. our top story for you this morning, british prime minister rishi sunak and us presidentjoe biden have announced what they called announced what they called a new partnership between the uk and us to boost economic security. the agreement is called the atlantic declaration and it covers a wide range of areas including artificial intelligence, green funding and civil nuclear power. michelle fleury has the latest. gone was the mention of an all—encompassing trade

deal promised in the wake of brexiter. in its place, a commitment to co—operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach is a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other�*s countries work in each other�*s countries work in each other�*s companies. we are the largest investors in each other�*s countries. and that trade is growing as something like 20% last year. as part of the atlantic declaration, president biden pledged to give uk exporters access to critical minerals needed for electric car batteries. similar to an agreement of the us made with japan. there is no reason why great britain will not play a major role in not only critical material but in investing in united states of america and all of our initiatives relating

to the need for critical materials, including battery technology and a whole range of things. technology and a whole range of thins. , , , things. this is significant. it should _ things. this is significant. it should help _ things. this is significant. it should help limit - it should help limit the impact of the inflation reduction act introduced byjoe biden to promote green technology in the united states and which stops countries without a us trade deal from accessing the lowest tax credits and subsidies. so no overarching trade dealt but a new partnership focused on economic security to check the rising influence of china and russia. michelle fleury reporting. a cybercrime gang thought to be based in russia has a claimed that it is behind the hacking of payroll data affecting companies around the world including the bbc, boots and british airways. the group is called clop and it is threatening to publish the stolen information if the victims do not e—mail them by the 14th of june. josh kennedy—white is an expert in cyber technology

with division x global and he explains why this is not your typical cyber attack. so it is a file transfer software used by hundreds of companies, including the bbc, to encrypt files. as we know the russian speaking ransomware group clop have claimed responsibility for the theft. it doesn't mean they have done it but microsoft has attributed data theft in similar operations. it appears what clop have done is deploy a zero day vulnerability to carry out this attack. within a supplier to move it. the uk hr payroll provider called zellis. and this is very interesting and we are seeing much more of these sort of attacks so zero days are undiscovered floors and applications and operating systems. once discovered they usually fixed during regular updates. the sort of updates you get on your phones. zero days are expensive and they are sophisticated ways to carry out an attack and that might give us a clue as to who might have carried it out. they are often used by state—sponsored hikers or organised criminal gangs, sometimes working together. what is interesting about this scenario is it is intriguing, the hackers have released

a broken english statement telling victims they have seven days to contact the group and negotiate payment before their data is posted online. now, most scenarios i have seen, the attackers approached the victims first rather than waiting to be contacted by the victim. i suspect this is because the group has ingested so much data that it is difficult even for them to know which company...to identify the victims in the company. it is not like the movies where we see a hacker go in, critical files are all neatly labelled in a folder marked sensitive customer data and all the attacker has to do is download a huge volume of data, sort through it and work out but they have stolen. so i think it could be weeks or months before the victims discover that their data is compromised and i'm not sure how this affects the hackers seven—day imposed deadline for the victims to come forward. josh kennedy—white. general motors willjoin ford in adopting tesla's charging standards in north america. this means gm electric car owners can now access test

——tesla's huge network and crucially free of the type ev sellers in the market have now agreed on a standard for charging hardware. the news lifted both tesla and gm shares by more than 3% in extended trading. let's stay with the auto sector because the boss of carmaker volvo has told the bbc that demand for his company's has remained strong despite the challenging economic climate. jim rohan was speaking as he launched the company's new and the smallest suv in milan. the bbcjonathan joseph the bbc jonathan joseph asked the bbcjonathan joseph asked him if that is a sign that customers no longer want big vehicles that volvo was traditionally associated with forced. you know, ithink people need choice. i think customers expect choice. given the choice notjust in of the size of the car. we will announce the ex 90 next year which will be full electric. we starting the choice for the customer and we get all the benefits of volvo in terms of safety,

sustainability, range, comfort and quality. i sustainability, range, comfort and quality-— and quality. i want to talk about inflation _ and quality. i want to talk about inflation and - and quality. i want to talkl about inflation and pricing. you priced at quite competitively. it compares well with rivals like tesla who have been cutting prices recently to attract more demand. would you be able to seek to that price point or will that have to write because of the cost of raw material?— raw material? look at the demand _ raw material? look at the demand we _ raw material? look at the demand we have - raw material? look at the demand we have for- raw material? look at the demand we have for the l raw material? look at the - demand we have for the product. across the globe it has remained incredibly strong and we see it everywhere. do not see any high order cancellations, it is really healthy. at this particular point, we do not see the need to cut our prices.— to cut our prices. having said that, to cut our prices. having said that. eumpe _ to cut our prices. having said that, europe and _ to cut our prices. having said that, europe and china - to cut our prices. having said that, europe and china are i to cut our prices. having said i that, europe and china are your two biggest markets and both of them have got their own economic struggles and cars are not exactly a small purchase. are you worried the ongoing economic uncertainty will dampen sales because they do not want to commit to such an

expensive item? we not want to commit to such an expensive item?— not want to commit to such an expensive item? we keep a close e e on expensive item? we keep a close eye on economies, _ expensive item? we keep a close eye on economies, geopolitics, i eye on economies, geopolitics, material costs, logistics costs and at this particular point, demand for the product stays high across a range, especially new technology products. he was somethin: new technology products. he was something you — new technology products. he was something you may _ new technology products. he was something you may not _ new technology products. he was something you may not expect i something you may not expect but your morning cup of coffee may soon cost a lot more and thatis may soon cost a lot more and that is because of the el nino weather pattern. extreme weather pattern. extreme weather conditions will impact the production of coffee in both get numb and indonesia and it is notjust coffee. the un food and agriculture organisation have told us what other crops can be impacted. eli other crops can be impacted. el nino is expected as a high probability later this year and coffee is a sensitive crop that

would be damage and it will have repercussions on prices but i think el nino is hitting the region and globally at a very sensitive time. the countries are likely to be impacted are australia and southeast asia, mostly philippines and also cambodia but the most critical crop that is likely to be impacted is rice. rice is the singular most important for security commodity in the region and prices of rice have been going up prices of rice have been going up recently as a result of the global financial and up recently as a result of the globalfinancial and economic global financial and economic crisis. so globalfinancial and economic crisis. so i think this will add to their situation already critical. fist add to their situation already critical. �* . , add to their situation already critical. �* ., , ., add to their situation already critical. �* ., critical. at least for some countries. _ critical. at least for some countries. now _ critical. at least for some countries. now to - critical. at least for some countries. now to india i critical. at least for some i countries. now to india with the government has increased the government has increased the guaranteed prices that farmers get for crops so on during the rains but as the bbc says, indian farmers are still not happy. this essentially is

the minimum support price which is a guaranteed amount of money that a farmer is assured by the government for his projects. the government in a government meeting has decided to increase the price given to farmers by nearly $2 as compared to last year. paddy is the primary crops on in the monsoon in india and the sewing has already begun. apart from that, minimum support prices have also been hiked for pulses by nearly $10, the highest among crops sawn in the season. but many farmers 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 rise in irrigation and fertiliser costs that have also severely affected farmers. the government however disagreed with the farmers say this is a trigger to be beneficialfor them because it is also coming at a time when inflation is under the client. the

government also reiterated the intention was to try to figure out and assure some form of reasonable fair remuneration to the farmer and also encourage crop diversification. before we 90, crop diversification. before we go, let's show you how markets are doing. indicate doing quite well. yesterday, we told you it was trading at the highest level in 33 years. 30,000 is psychologically important. strong gdp data definitely helping but also with a pretty good rally on wall street as well. let's show you how they ended and a lot of talk about whether the bulls are now back because of snp 500 is up above the low from last year. that is all for now. thank you for watching. bbc news, bringing

you different stories from across the uk. it seems the police really are getting younger, these new recruits are nine years old. but don't worry they do not have any truncheons or handcuffs. they are meeting care home residents as part of the mini police scheme. it is hoped it would build their trust in the police early on. the mini police are here today to learn about good citizenship, to get the community engagement. it is a chance for the children to get to know people from other walks of life. we want to go up being a benefit to the community, helping how, rather than involved antisocial behaviour which leads to crime. i was iwasa i was a bit nervous because i do not — i was a bit nervous because i do not want this people alike. i have never met them before. how do you feel now? i feel a bit more confident.

i feel like a good person helping everyone that needs help. 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 underway in birmingham. you're all caught up, bye for now.

hello, coming up on the program: and upset at the french open as well number 43 karolina muchova puts out one of the favourites to get to one of the favourites to get to one of her first major vinyl.

waiting for her is world