the merger of the pga with liv left some players, angry fans in disbelief and has now brought the ire of lawmakers and the us government. thejustice department has informed the pga it will now be investigating the deal for antitrust concerns. now the pga is relationship with liv was already being last year, and it was looking at whether the pga back tours were engaged in anti—competitive behaviour. now, all of this comes after two democratic senators were urging the justice department to investigate the deal as it violated antitrust laws, saying that it would have an adverse impact on competition. and the lawmakers also said that the merger would help saudi arabia sports wash its egregious human rights record. now liv was created in 2021 and backed by the saudi sovereign wealth fund. since then, the two parties

were bitter rivals, each engaged in lawsuits against one another. now, the mega—deal essentially created a whole new golf association led by the saudis. created a whole new golf samira hussein there. created a whole new golf meanwhile, a usjudge has granted a request from prosecutors to try some of their charges against cryptocurrency exchange ftx's founder sam bankman—fried in a second trial next year. the 31—year—old will still stand trial this october over charges stemming from the collapse of the now—bankru pt firm. mr bankman—fried has pleaded not guilty to fraud and money laundering charges. china's economy stumbled last month — after the latest data showed industrial output and retail sales both missed forecasts. the economic rebound it saw after dropping covid restrictions late last year seemed to have slowed in the second quarter. earlier this week —

china's central bank slashed key interest rates in a bid to boost the country's post—pandemic recovery. i spoke with s&p global market intelligence'sjing—yi pan and she explained what's happening to china's economic rebound. what we have seen with the real pendant is how to power up the economy. i think the numbers we have seen, an initial production in particular representing a slowdown in manufacturing that we are seen in the rest of the world was up to a lesser extent what we do have on hand at this point is a manufacturing of certain products, particularly on demand. it is also external and we look at regions like the us and europe, our underpinning what we see at this point. i think what we have is a bit of an uneven recovery for china and a lot of what we are seeing with a strain on surrogate services in particular is pulling away from manufacturing goods and products, so i think

that divergence will continue to be the case. elsewhere in asia and india's tech companies will have to brace for a tough 202a. that's after banking giantjp morgan predicted a bleak outlook in a new report. nikhil inamdar explains. almost all of india's it companies reported poor results in the courts are going by and now things are expected to get worse this year. that's because of weakened global demand for variety of products in markets like the us and europe. they are expected to be deal cancellations as a result of lower discretionary spending in these markets which will negatively impact it revenues here in india. what is worrying is that this growth is unlikely to return in a hurry for the $250 billion industry which is the biggest contributor to india's service experts. they are expected most to miss expectations and say it will

grow less than 5% in the current fiscal as against the four to 7% growth expected after market quarter results. nikhil inamdar there. away from it and june marks pride month. this morning, we're looking at how businesses have incorporated lgbtq recognition in their marketing campaigns. while its been a lucrative move for some companies, others have seen their sales plummet after boycotts from conservative consumers. earlier, i spoke with vanitha swaminathan from the university of pittsburgh, and she explained what sort of considerations companies give when promoting their support for the gay community. the condition regions that brands often go through is starting with their purpose. they identify the causes that seem to align well with their purpose and also causes that play well with their target audience and often brands like to be seen as supportive of causes that their customers care about. so, that's one big primary consideration in

choosing to support efforts, whether it's lgbt q choosing to support efforts, whether it's lgbt 0 rights, gender equity, and so on and so forth. �* . , u, forth. bud light recently came out with its — forth. bud light recently came out with its quarterly - forth. bud light recently came out with its quarterly results i out with its quarterly results which plummeted, which is around the same time they partnered with a trans influencer, was that camping —— was that a success? bud influencer, was that camping -- was that a success?— was that a success? bud light is an interesting _ was that a success? bud light is an interesting case - was that a success? bud light is an interesting case study i is an interesting case study because on the one hand they seem to want to prior to appeal to a particular target audience, which is younger consumers and that was a strategic rationale for why they went forward with this campaign. one of the missteps that bud light made in their campaign was, as soon as they saw there was a backlash, for a significant version of their current customer franchise, they immediately pulled back on some of their efforts. it comes across as inauthentic and

somewhat contradictory. when that happens, customers on both sides get upset and that is kind of what bud light faced in this situation because neither their current customers who seem to be upset about their stance, nor did they attract new customers who noticed that as soon as there was trouble, the brand kind of withdrew some of its effort. the brand kind of withdrew some of its effort-— of its effort. does this still will true — of its effort. does this still will true with _ of its effort. does this still will true with some - of its effort. does this still will true with some of - of its effort. does this still will true with some of as l of its effort. does this still l will true with some of as the risk increased? it’s will true with some of as the risk increased?— risk increased? it's an important _ risk increased? it's an important question, l risk increased? it's an l important question, on risk increased? it's an - important question, on the one hand brands have to stay true to their purpose. if a particular cause aligns well with their purpose and they're willing to be or stand your ground, even if there's a boycott, and they should proceed and should, in fact, reassure their consumers that they are not going to let social near media for or make them put back on their efforts. that is critically important

and customers want that assurance, especially during a crisis. well, tech titan foxconn makes 60% of apple's products. with smartphone demand hitting saturation, the firm is looking now for the next big thing. but it's also becoming increasingly caught in geopolitical tensions between the us and china. my colleague karishma vaswani got exclusive access to foxconn�*s chairman yong liu. the changing of the guard at taiwan's national revolutionary martyrs shrine. this is an island that's always been on edge. it's a self—ruled territory with democratic elections. but china sees it as a rebel region that must be reunited with the mainland by force if necessary, which has led to companies like foxconn, headquartered in taiwan, having to re—evaluate their options. your operations are headquartered here. you are a vital part of the taiwanese economy. what's the business contingency plan here? the diversification is one way as a business. as a ceo, i had to think

about what if the worst case happened. so we are doing something, some bcp planning. hopefully it will not happen, but we have to be prepared. foxconn�*s success has been leveraging the relationship between the us and china over the last few decades. manufacturing in the east for customers in the west. by its own admission, foxconn likes to keep a low profile. but even if you haven't heard of the company itself, you probably would have seen one of these, the iphone. now, each iphone contains hundreds of components, and foxconn makes around 60% of them from things like the camera module to the connectors in the device and even the back of the phone. but smartphone sales are plateauing, and foxconn needs to find the next big thing, the next iphone, so to speak, to drive growth

forward into electric vehicles. enter electric vehicles. ok, let's go. if we look at the component count wise, the typical ev have about 10,000 parts compared to phones. it's about 600 parts. it's about 20 times, roughly 20, times more components. foxconn�*s balancing act between west and east is reminiscent of a scene that plays out across parks in taipei every morning. the ancient chinese art of tai chi, which helps maintain flexibility and balance. headquartered in taiwan and caught between the us and china, foxconn has had to learn to be fluid and nimble to survive. karishma vaswani, bbc news, taipei. well, you can catch the full interview with foxconn�*s chairman on the bbc this weekend — the times are on your screen. and that's it for this edition

of asia business report. thanks for watching. bbc news bringing you different stories from across the uk at the moment. a light aircraft crashes into the sea at porthcawl. incredibly, moments later, the pilot seems to be on his feet and walking away. it was caught on camera by mike sundby, a volunteer with the rnli, who was out walking his dog. i see him tumbling out. so i did turn around and point backjust one casualty. and that was it really went down to sat him down and then two other guys came alongside. we're just looking at his injuries. he's very lucky. i think he was more distressed about binning his plane.

margaret kendrick lives close by and realized something was wrong as she looked out of her window. so i got my binoculars, you know, because i'm nosy and i realised from the shape and i realised from the shape it was an upside down seaplane. it was an upside down seaplane. the welsh ambulance service the welsh ambulance service said one person was taken said one person was taken to hospital for treatment. accident investigators are also looking into what happened. the plane has remained under water for most of the day, quickly covered when the tide came in. on a busy, sunny day in porthcawl. this morning's plane crash is what people in the cafes and on the front are talking about. everyone is relieved that the pilot appears to have had a very lucky escape. for more stories from across the uk, head to the bbc news website. hey i'm rachel with the catch up. tonight. delayed uni results, a fifa announcement, and a kangaroo fight. but first, the latest on borisjohnson and lockdown parties in downing street.

when we first heard about them, borisjohnson, who was prime minister at the time, said no rules were broken. never happened. the guidance was followed and the rules were followed at all times. but later it turned out that wasn't true. take full responsibility for everything that took place on my watch. mp�*s looking into whether boris johnson knew he wasn't telling the truth. have released a report saying he knowingly misled parliament. it's the first time a prime minister has been charged with something like this. some other stories now. it's been six months since the crush at brixton academy, he's thrilled to sign which killed rebecca ikeumalo and gaby hutchinson. theirfamilies are still waiting for answers about what happened and want anyone with more footage to share it with the police. worried about your final uni results? some students are hearing they won't find out their result this summer

because of a marking boycott by lecturers in the ucu. it's part of a dispute over pay and conditions, and fifa has announced real madrid's viniciusjunior will lead a new anti—racism committee run by players. the brazil forward was racially abused during a game last month. last up, ten seconds of a very weird scrap. this woman was not enjoying this kangaroo hopping after her in australia. i'm not surprised though. it seems like it was looking for a fight. look at those moves. you're all caught up now. see you.

hello, i'm gavin ramjaun, from the bbc sport centre. coming up on the programme. "the proudest day of my life" . jude bellingham says