covid anticipation of its post— covid rebound looks to fizzle out. hello and welcome to asia business report. i am monica miller. welcome to a new we got asia business report and we are seeing oil prices starting to rise in early asian trade this morning. this is after a failed mutiny in russia over the weekend raise concerns of political instability and what sort of impact that might have on the global oil supply. if you can remember back in early 2022 we saw oil prices spiked following the russian invasion of ukraine. earlier, i spoke with someone who gave me his thoughts on how the energy markets could move. looking at the futures _ markets could move. looking at the futures market _ markets could move. looking at the futures market we - markets could move. looking at the futures market we do - markets could move. looking at the futures market we do not i the futures market we do not see too much of an issue, although it is quite important to emphasise that russia plays a very important role within the opec cartel�*s. so, if that

is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don't really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point _ market. we have reached the halfway point of _ market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing _ of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has already showed that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and

pointed to those factors, i think i am being more optimistic going into h2 of this year because i think inflation will come closer to the central bank's target, whether we are talking about the federal reserve, whether we're talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. fire to pboc over in china. are auoin to pboc over in china. are going to — to pboc over in china. are going to try _ to pboc over in china. are going to try to _ to pboc over in china. are going to try to buy - to pboc over in china. are going to try to buy the latest data showed travel spending during the dragon boat festival fell short of tourism levels. it was about 90% of what was recorded in 2019 even though more chips were made. we were seeing signs of a slowdown in the chinese economy is notjust over consumer levels. earlier i spoke tojulia evans pritchard who gave us his outlook for china for 2023.— who gave us his outlook for china for 2023. well, i think sentiment — china for 2023. well, i think sentiment has _ china for 2023. well, i think sentiment has swung - china for 2023. well, i think sentiment has swung from | sentiment has swung from extreme optimism to the point where we are now entering a

period of extreme pessimism. you look at many of the consensus forecasts for chinese growth of around 5% each year and that would imply the chinese economy barely grows for the rest of the year. that is certainly a possibility. it is certainly a possibility. it is a risk. you mentioned the tourism data for the dragon boat festival. that was disappointing. 95% of pre—pandemic levels were in early may during the labour day holiday when we were back at 100 so it seems like the recovery there is going to reverse but i don't think we should give up hopejust reverse but i don't think we should give up hope just yet. they do have some stimulus measures they could potentially rollout. the labour market is not quite as weak as it looks if you just focus on youth unemployment rate figures which were very high but if you look at the overall unemployment rate is slightly below its average so it would not take too much policy stimulus to pushit too much policy stimulus to push it down to levels that would be consistent with an acceleration in wage growth

which could generate positive spillovers and address some of those confidence issues. so, we are not completely throwing in the towel for a slightly stronger growth than people are expecting but it will not be the that we were used to prior to the the that we were used to prior to th �*- ., ., to the well, there are four paul-henry _ to the well, there are four paul-henry nargeolet - i to the well, there are four - paul-henry nargeolet - climate, paul—henry nargeolet — climate, covid and cost of living. the executive director of the itc made the comments to the bbc and explained why trade and inclusion were the only parts for global growth. —— for cs. we have the inflation issues coming up. we have massive debt and the social strain that has emerged from this crisis, well, the multiple crises, can't go unattended. the second issue is, which has been overlooked a lot more, is the impact on the most vulnerable. the msmes who

have suffered exponentially and the ones that my organisation work with, the lbc�*s, small island developing states and those in africa who basically have had to weather this storm of the food crisis, the cold war, conflict and also the impact of covid. and then we look at women — more than 2 million women left the workforce in the united states alone in 2021 and that has not been able to recover. the rates of sexual violence grows exponentially, domestic violence as well against women, and for young people it has been a very difficult time so when you combine all these factors, it has not been easy, but i do trust that we are able to address these issues in a broader framework to address these issues in a broaderframework and to address these issues in a broader framework and hopefully we will be able to emerge from this stronger and more resilient.—

this stronger and more resilient. , ., , resilient. old cars are being civen a resilient. old cars are being given a new _ resilient. old cars are being given a new lease _ resilient. old cars are being given a new lease on - resilient. old cars are being given a new lease on life i given a new lease on life thanks to a scheme from ebay which takes parts destined for the scrapheap. it will help consumers notjust to save money but offset part of their carbon footprint as well. paul carter visited a recycling played in the uk to find out how this works. we are all familiar with production lines in factories, but here is something a little bit different. this is a d production line and it can dismantle entire cars from scratch down to its component parts in just over one scratch down to its component parts injust over one hour that i am here to follow one car on its end—of—life journey. here at the uk's most advanced

reverse production line facility, 120 cars are received daily to be deconstructed, packed and purchased online within hours. using a 13 step process, the company aims to recirculate as much as possible back into the economy. this even includes draining fluid such as oil and petrol which is resold to staff at a discounted price. and robotic arms helped the mechanics stripped the car for specified parts. eventually it goes to the warehouse and is resold either on the internet or through the front counters. the parts go straight back to the manufacturers. in other materials get recycled so we basically recycle a car to greater than 95% of its body weight. greater than 9596 of its body weiuht. ., ., , , , greater than 9596 of its body wei. ht, ., ., , , , ., weight. not only is this whole facility operated _ weight. not only is this whole facility operated by _ weight. not only is this whole facility operated by solar - facility operated by solar power, but also that solar energy operates out forklift

trucks, our electric baler which crushes the vehicles and the company is in a transition of moving into 100% electric. as consumer interest in sustainability grows, there is likely to be increasing demand for reused parts like this one rather than purely recycled ones and as you can see from the scale of this facility there is already quite a lot of it. but one barrier people face is being sure of the quality of reused parts as ebay is one of the largest online automotive marketplaces they have partnered up with industry bullies to develop and and association certificated to help people buy in confidence. it is independent of the industry so it is an outside body looking at it and it is a verification that you operate to a certain standard. it verification that you operate to a certain standard.- to a certain standard. it was developed _ to a certain standard. it was developed because - to a certain standard. it was developed because we - to a certain standard. it was i developed because we needed

more — developed because we needed more professionalism in the industrx _ more professionalism in the industry. by having providence i industry. by having providence i know — industry. by having providence i know where that second head part came _ i know where that second head part came from and ensuring it is not — part came from and ensuring it is not stolen gives the insurance companies satisfaction that they can then fit that— satisfaction that they can then fit that part. we have an appalling situation with parts shortages in general. many cars are off— shortages in general. many cars are off the — shortages in general. many cars are off the road for a long time _ are off the road for a long time waiting for parts and a secondhand part, replayed, green, _ secondhand part, replayed, green, why not have that fitted and get — green, why not have that fitted and get yourself back on the road — and get yourself back on the road quickly?— and get yourself back on the road quickly? last month ebay relaunched _ road quickly? last month ebay relaunched their _ road quickly? last month ebay relaunched their certified - relaunched their certified recycled portal featuring certified recyclers like charles trench to make it easy for people to find same quality parts as the ones their cars were sold with.— parts as the ones their cars were sold with. there is 2500 auto treatment _ were sold with. there is 2500 auto treatment facilities - were sold with. there is 2500 auto treatment facilities in . auto treatment facilities in the uk are not all of those will specialise in actually removing the parts from the vehicle. a lot of them will just scrap the cars and excel it for metal value and for customers who can't necessarily afford to buy brand—new parts

to keep cars on the road, these parts give them an opportunity to keep their cars running. this to keep their cars running. as consumer attitudes towards the secondhand market are changing, so is the industry and instead of being the sort of place work cars come to die facilities like these are giving them a new lease of life. and that is all be happy you for this edition of asia business report. i am monica miller. if you want to keep up with all of the latest news, visit our news website. thanks for watching. meet the journalist who first heard of a bird attacking long—haired locals. it did not take long to find proof. mi; take long to find proof. my friend anna _ take long to find proof. ij�*i friend anna who take long to find proof. m: friend anna who has take long to find proof. m; friend anna who has long hair, which is what the crew goes for, we went up and saw if the

crew would go over her and within seconds it swooped onto her head. it within seconds it swooped onto her head. . within seconds it swooped onto her head. , ., ~ ., her head. it is the talk of the town in london _ her head. it is the talk of the town in london - _ her head. it is the talk of the town in london - dozens- her head. it is the talk of the town in london - dozens of. town in london — dozens of people with their own experience.— people with their own exerience. , ., ., ., . ~ experience. they are attacking women with — experience. they are attacking women with long _ experience. they are attacking women with long hair - experience. they are attacking women with long hair so - experience. they are attacking women with long hair so i - women with long hair sol thought— women with long hair sol thought i would be pretty safe and then suddenly there was a thump— and then suddenly there was a thump on— and then suddenly there was a thump on my back, a really hard thump, — thump on my back, a really hard thump, and _ thump on my back, a really hard thump, and i thought "what is that?" — thump, and i thought "what is that?" it— thump, and i thought "what is that?" it was a crow. something bit m that?" it was a crow. something hit my head _ that?" it was a crow. something bit my head from _ that?" it was a crow. something bit my head from the _ that?�* it was a crow. something bit my head from the back- that?" it was a crow. something bit my head from the back it - bit my head from the back it when i turned around it was nothing and it happened to me five times maybe and i was fairly delusional because there was literally nothing going on and then, yeah, at some point i realised it was a pro.— realised it was a pro. there are around _ realised it was a pro. there are around 1 _ realised it was a pro. there are around 1 million - realised it was a pro. there are around 1 million pears l realised it was a pro. there | are around 1 million pears of carrion crows in the uk and although people are worried experts say they are protecting their young in nesting season. they are hypervigilant and in this case they might be over interpreting the appearance on the territory of women with long hair as a threat so they are trying to defend themselves. pros are not

aggressive towards humans. they are not attacking for no reason at all. this is the care home in maidstone and it was specially made for this lady.—

made for this lady. each i think it's _ made for this lady. each i think it's wonderful. - made for this lady. each i think it's wonderful. like | made for this lady. each i i think it's wonderful. like the cabin i think it's wonderful. like the cabin i had- _ think it's wonderful. like the cabin i had. a _ think it's wonderful. like the cabin i had. a story - think it's wonderful. like the cabin i had. a story begins i think it's wonderful. like the | cabin i had. a story begins in 1952. cabin i had. a story begins in 1952- she — cabin i had. a story begins in 1952. she boarded _ cabin i had. a story begins in 1952. she boarded her- cabin i had. a story begins in i 1952. she boarded her majesty's troopship to marry her fiance five weeks and an hour after she arrived she was getting married in front of people she'd never seen before. when mary told brian her story, he decided to recreate and build the ship's cabin she travelled in more than 70 years ago. it was all built at home in pieces in the workshop. i suppose the hardest part was sorting all the vintage materials. mary volunteered _ the vintage materials. mary volunteered at _ the vintage materials. mary volunteered at a _ the vintage materials. mary volunteered at a school i the vintage materials. mary i volunteered at a school before the couple came back to kent a year later. colin started an the 20—year—old ruoning was colin started an year later. colin started an engineering business still run ijy engineering business still run engineering business still run by the family and it all by the family and it all began when a young woman travelled halfway across the world to be with the man she loved.

hello, i'm lizze greenwood—hughes, from the bbc sport centre. coming up on the programme: the young chinese rookieruoning yin wins the women's pga championship. king of queens. carlos alcaraz wins his first title on grass and regains the world number one ranking ahead of wimbledon. and the st louis cardinals fight back to beat chicago cubs and draw the mlb london series. welcome to the programme. the young chinese golfer ruoning yin in her rookie year has won the women's pga championship — her first major title. and she did it in style with a dramatic victory on the final round in newjersey which had been

delayed for bad weather.