�* the the latest this morning after the latest data out of us showing inflation calling for the 11th month in a row. the japanese indexes fire, hitting closer to the height of the nikkei in 1989. investor optimism comes after the federal reserve kicked off its policy meeting and expectations are high the central bank will leave the cost of borrowing unchanged. michelle fleury reports. policy makers you have been raising rates since march last year to make it more expensive to borrow money. our goal is to slow the rapid increase in prices without cooling down the economy so much that people start to lose theirjob and with the most recent data showing signs inflation is easing, the federal reserve is expected to leave rates unchanged injune. charles unchanged in june. charles lieberman, unchanged injune. charles lieberman, who has worked at the new york fed and its chief

investment officer at advises capital management explained. the fed has tightened policy dramatically and quickly, basically a five percentage point increase over a little more than a year. that is huge, historically it's an enormous increase and i think there is one view that the fed should wait to see the impact of what they have done stop any break may be short—lived, us inflation running above the 2% target of the fed so the pain from higher borrowing costs to companies and consumers is likely not over according to the chief economist at kpmg in the chief economist at kpmg in the us who believes the fed will raise rates again injuly. the pause is not an end, we've seen the fed play around with words in order to signal they don't want to let their guard is down yet with regards to patient and i think that's really been the theme we've

seen emerge across central banks in recent weeks around the world. fix, banks in recent weeks around the world-— the world. a reminder that stubborn _ the world. a reminder that stubborn inflation - the world. a reminder that stubborn inflation is - the world. a reminder that stubborn inflation is not i the world. a reminder that l stubborn inflation is notjust an american problem. while all eyes will be on the federal reserve wednesday, the focus shifts to the european central bank and bank ofjapan as they make their rate decisions later this week. michelle fleury in washington dc. usjudges granted the federal trade commission request to temporarily block microsoft's purchase of gaming giant activision blizzard. the watchdog filed a request earlier citing concern microsoft could complete the takeover soon. the ftc has argued a move would impact competition but microsoft says it would only benefit to gamers. away from gaming and time is running out for businesses targeted by hackers linked to a russian ransom where a group earlier this month. they were given until

wednesday as a deadline to begin negotiations. hackers have threatened to publish the payroll data of those who don't comply. a number of firms including british airways and the bbc have been affected. earlier, i spoke to a cyber security expert from tenable who explained what company should do. it’s who explained what company should tie-— who explained what company should do— should do. it's important for organisations _ should do. it's important for organisations to _ should do. it's important for organisations to understand | should do. it's important for. organisations to understand if they've been compromised and engage with local law enforcement to understand what is likely to come over the next few days as the deadline expires. many organisations historically have made ransoms in order to avoid headlines and data leaks and others have chosen not to.— chosen not to. would you suggest _ chosen not to. would you suggest they _ chosen not to. would you suggest they do - chosen not to. would you suggest they do pay - chosen not to. would you suggest they do pay this | chosen not to. would you - suggest they do pay this ransom or hold out and not to so? i’m or hold out and not to so? i'm not going _ or hold out and not to so? i'm not going to — or hold out and not to so? i“n not going to provide advice to individual organisations that have been compromised but i would say systemically, we are better off when these organisations do not pay the ransom. work with law enforcement, engage with cyber

officials to make sure any information or data that does get posted gets taken down very quickly and doesn't cause damage to the organisation. when they do pay ransom, it's self actuating and encourages more cybercrime.— self actuating and encourages more cybercrime. what do you tell individuals _ more cybercrime. what do you tell individuals impact - more cybercrime. what do you tell individuals impact by - more cybercrime. what do you tell individuals impact by this i tell individuals impact by this breach? �* , tell individuals impact by this breach? �*, ., ., breach? it's important for individuals _ breach? it's important for individuals to _ breach? it's important for individuals to protect - individuals to protect themselves, make sure you have monitoring software that looks at your credit rating and when accounts are opened in your name and make sure you are applying the best protection you can to personal computers and make sure you are maintaining good hygiene, these free patches, when they come out from your software vendor , s. out from your software vendor 's. , , , out from your software vendor 's. ,, out from your software vendor 's, ,, "a“, 's. india's gdp cost $3.5 trillion in _ 's. india's gdp cost $3.5 trillion in 2022 - 's. india's gdp cost $3.5| trillion in 2022 according 's. india's gdp cost $3.5 i trillion in 2022 according to 's. india's gdp cost $3.5 - trillion in 2022 according to a recent report. the countries expected be the fastest growing 620 economy for the next few years but absence in global multilateral trade packs will

remain a challenge. aha, multilateral trade packs will remain a challenge. a number of ositive remain a challenge. a number of positive factors _ remain a challenge. a number of positive factors will _ remain a challenge. a number of positive factors will make - positive factors will make india the fastest growing 620 economy over the next few years according to moody's. rising per capita incomes, a growing working age population and more and more people moving from the village into the cities will essentially drive more demand for everything from cars to houses and thereby for steel and cement. but the country faces long—term barriers to growth that could plant its competitive advantage when compared to its asian peers. land acquisitions, the processes in acquiring or renewing licenses which if those _ renewing licenses which if those continue, then obviously that is— those continue, then obviously that is going to delay project execution and elongate the med _ execution and elongate the project span. the other thing is, the — project span. the other thing is, the economic liberalisation of the — is, the economic liberalisation of the country. india is not part— of the country. india is not part of— of the country. india is not part of the rsat which means

when — part of the rsat which means when india competes with other countries, — when india competes with other countries, emerging market countries, emerging market countries such as vietnam or indonesia, _ countries such as vietnam or indonesia, that it could to some _ indonesia, that it could to some extent limit the amount of foreign _ some extent limit the amount of foreign direct investments that come _ foreign direct investments that come into the country. another factor about — come into the country. another factor about indian _ come into the country. another factor about indian growth - factor about indian growth worrying analysts as it becomes the most populous country in the most populous country in the world is inadequate investments in education. {line investments in education. one ofthe investments in education. one of the key _ investments in education. one of the key social— investments in education. one of the key social risks - investments in education. one of the key social risks that indie — of the key social risks that indie is— of the key social risks that india is exposed to. the issue is that, — india is exposed to. the issue is that, will india be able to create _ is that, will india be able to create as— is that, will india be able to create as manyjobs for this growing _ create as manyjobs for this growing population that comes into the — growing population that comes into the working age group? officials _ into the working age group? officials from the indian finance ministry are lobbying moody's for a sovereign ratings upgrade later this week. despite strong economic fundamentals, the country's high debt and weak public finances remain major obstacles for a change in stance.— for a change in stance. later toda , for a change in stance. later today. the — for a change in stance. later today, the european - for a change in stance. later . today, the european parliament is due to vote on a proposed rule to regulate artificial intelligence. they could

provide the first local legislation on the technology. my legislation on the technology. my colleague sat down with the eu commission vice president margrethe vestiger head of the discussions.— margrethe vestiger head of the discussions. ~ . ., , , , discussions. what happens when these things _ discussions. what happens when these things get _ discussions. what happens when these things get more _ these things get more intelligent than us? they conduct themselves - intelligent than us? they l conduct themselves rather intelligent than us? they - conduct themselves rather than our needs. conduct themselves rather than our needs-— conduct themselves rather than our needs. ., , ., our needs. those warnings about the risks from _ our needs. those warnings about the risks from artificial— the risks from artificial intelligence feel a world away from the mediaeval streets of strasbourg. here the european union 's first out of the blocks to try and bring in the world's first ai laws. margrethe vestager is the european sheet leading the ai regulation charge. hi european sheet leading the ai regulation charge.— regulation charge. ai will be everywhere. _ regulation charge. ai will be everywhere, in _ regulation charge. ai will be everywhere, in everything i regulation charge. ai will be. everywhere, in everything we do. your hairdresser will use al to suggest you another way of doing your hair. it's important that every authority also gets the competence to relate to the effects of the use of ai, so i don't believe

in sort of one major ai authority. in sort of one ma'or ai authoritofi in sort of one ma'or ai authority. in sort of one ma'or ai authori . ~ ., ., , ., ~ in sort of one ma'or ai authori . ~ ., ., ~ , authority. what do you think is the biggest — authority. what do you think is the biggest threat _ authority. what do you think is the biggest threat that - authority. what do you think is the biggest threat that al - the biggest threat that al poses? i the biggest threat that al oses? . , the biggest threat that al oses? ., , ., the biggest threat that al oses? . , ., ., ., poses? i have listened a lot to those who _ poses? i have listened a lot to those who said _ poses? i have listened a lot to those who said there - poses? i have listened a lot to those who said there is - poses? i have listened a lot to those who said there is a - those who said there is a threat of extinction. probably that may exist but i think the likelihood is quite small. i think the ai risks are more that people will be discriminated.- that people will be discriminated. , ., ~ discriminated. do you think that the chief— discriminated. do you think that the chief executives i discriminated. do you think that the chief executives of the ai companies all the politicians should be taking the lead? i politicians should be taking the lead? ~ politicians should be taking the lead?— the lead? i think it's important _ the lead? i think it's important that i the lead? ithink it's important that one i the lead? i think it's i important that one works together but i think it's also important to challenge industry to work also on explain ability. because it cannot be that it's a completely black box and we just have to accept whatever comes out. the box and we just have to accept whatever comes out.— whatever comes out. the plan here is to _ whatever comes out. the plan here is to try _ whatever comes out. the plan here is to try and _ here is to try and categorise applications of ai into levels of risk. at the low—end are ai enabled video games or spam filters. high—risk systems

includes those which evaluate credit scores and access to loans and housing. this is where the focus of strict controls will be stop at the totally unacceptable under scale are users like facial recognition systems in real—time and public bases, something already deployed in china. as we've seen with social media, even tech products set up with the best intentions can still be misused. europe says it wants to regulate the uses of ai rather than the tech itself. the trick will be having rules that don't stifle innovation. but big tech firms like adobe said industry can't afford to slow down and wait for regulators. the uk's current plan is folding ai regulation into existing regulators. the us so far only has voluntary codes. china says its citizens must know when they are dealing with al. regulators hope these rules will keep it on the right

track. that is all we have for you and asia business report. you can keep up with the latest news by visiting our website. if you haven't already, download our app. i am monica miller, thank you for watching. voice-over: 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 are not that shocked. this is not the first time it has happened. you see when you come over the bridge, people speed over the bridge — there is no need to do it. people just need to slow down, but if they're not going to do that, this is where some measures need putting in place. well, it is disgusting, really, isn't it, that people think that it is ok to drive recklessly.

residents now want action before someone is seriously hurt so they have started a petition. if you stand here long enough, you hear all the vehicles coming down here and i am sure the majority of people do not speed but it's the ones that do, and that is 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 safer for the people that live down here and also the many a people who walk and cycle along here as well. 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 will prompt action. voiceover: for more stories from across the uk, head i to the bbc news website. i have to catch up. tonight,

covid enquiry hearings begin and more man city celebrations. but first, two of the three people killed in nottingham early on tuesday were university students. details are still sketchy but police say there are a number of incidents in different parts of the city as well as the three git, the city as well as the three qjl, another three were hit by a van and one is in critical condition. one is in critical condition. one is in critical condition and a 31—year—old has been arrested. this student says he belief before the arrest. i says he belief before the arrest. . ,., . says he belief before the arrest. . . arrest. i heard the police say to them and _ arrest. i heard the police say to them and get _ arrest. i heard the police say to them and get out - arrest. i heard the police say to them and get out of- arrest. i heard the police say to them and get out of the l arrest. i heard the police say. to them and get out of the car and then a gunshot.— to them and get out of the car and then a gunshot. some other stories now- _ and then a gunshot. some other stories now. it _ and then a gunshot. some other stories now. it is _ and then a gunshot. some other stories now. it is the _ and then a gunshot. some other stories now. it is the first i stories now. it is the first day of hearings for the covid enquiry. this party is looking at how ready the uk was for pandemic. no—one will be found guilty but the point is to learn lessons for the future. next, ladies, have you ever

felt conscious about your breasts being different sizes? it turns out you are not alone because women end of that have been speaking about these and it actually affects up to 94% of us! a woman who doctors thought was dead was actually found breathing in a coffin in ecuador. a family opened it to change clothes before the funeral and she gasped for air! time now for ten seconds of football fun. we all have a mate he takes it too far in a night out and that was the man city players last night as a celebrated winning the trouble. can you really blame them? that is very good work! — — manchester city. you are all covered now. 6oodbye!

how low i am mark edwards from the bbc sport centre. coming up, the ashes is starting on friday and there are concerns about the english captain ben stokes. will he stay or go? the clock is ticking with the ashes starting on friday. we're at edgabston to find out more will he stay or will he go? seems like kylian mbappe could be doing both at ps6, we'll have the latest on a topsy turvy transfer day

for the france international. and is mcilroy miffed?