i'm monica business report. i'm monica miller. let's start injapan wishes they have opened higher following gains from us stocks. the recent slide in the japanese yen is also encouraged investors to buy. they are taking part of their cue from wall street which closed to positive territory. the tech heavy nasdaq is currently on plays for is best first half and four decades following the 2022 slump. the optimism came as the data for durable goods eased unexpectedly. while consumer confidence rose to a 70 month high. the solid numbers will likely pave the way for the us federal reserve to hike interest rates when the central bank meets injuly. one listed company is not seeing that stock rally, that is the electric truck maker lourdes town motors. their shares are down over 17% after the company filed for bankruptcy and accused foxconn of not

investing the money they had originally promised. from new york samira hussain explains. after the ohio town where it is based,it after the ohio town where it is based, it started in 2019 and words heralded by then us president donald trump does company that was bringing back manufacturing. since then it has struggled to make electric shocks, making only a handful. they also blame part of their failures on the taiwanese company foxconn, which says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million, said it was hoping to negotiate a solution to lordstown's financial woes. lordstown is not the only electric truck maker that has been suffering lately, river yealm, but by amazon, has made less cars, trucks, advance that it had expected. it is all a

big come down from the electric truck frenzy that had wall street investors just a few years ago. that is samira hussain in new york. in other news this morning, a usjudge has rejected a bid by cryptocurrency exchange ftx's founded to throw out most of the common's criminal case against the company. the prosecutor claims that sam bankman—fried had stolen millions of dollars from customers to plug the gaps of a hedge fund had also founded. a shareholder in the indian head tech start—up has slashed the worth of the state of the company, process, the largest non— found a shareholder of that start—up downsized its stake to just under $500 million recently. that is in stark contrast to the $6 billion at which the company had valued them last november. it comes at a time when india's most valuable start—up faces a number of challenges, including resignation of board members.

and chinese premier li keqiang says the country will continue to take steps to boost demand and development. his comments came at the opening of the world economic forum summit in the city of tianjin. investors have been closely watching mr lee's speech for any signs of a possible government stimulus. china's economic growth engine has been showing signs of slowing following a post covid rebound this year. let's stay with china, where a recent report of the country will see an outflow of more than 13,000 high net worth individuals. these are usually those were seen as a higher —— holding financial assets with a value of more than $1 million, millionaire migration is called is those who move and spent about six months in another jurisdiction. we caught up with dominic from haein lee partners and the phone which publish the reasons for the exodus —— henley partners.

reasons for the exodus -- henley partners.— reasons for the exodus -- henley partners. tickly when we look at millionaires _ henley partners. tickly when we look at millionaires and - henley partners. tickly when we look at millionaires and their - look at millionaires and their motives for making a move to another country, usually has to do with some type of social, political, economic unrest —— usually. china has some of that occurring over the last for years and that has led to what we have seen which is a net outflow of millionaires from china consistently ranking number one in the world of the last few years. and our expectation this year is to see another 13,500 millionaires leave china.— leave china. are they completely _ leave china. are they completely cutting i leave china. are they i completely cutting ties leave china. are they - completely cutting ties from china? ., ., . . completely cutting ties from china? ., ., ., ., a china? no, not at all. as peeple — china? no, not at all. as people become - china? no, not at all. as people become more - china? no, not at all. as - people become more financially independent they do seek sometimes what are considered greener pastures, reasons for that might include better education for their children, access to healthcare, and i think in china's case, as i said, a lot of people do still keep their businesses there, but from the lifestyle perspective and sometimes from

a tax efficiency perspective, other destinations may be more attractive to call home. the? attractive to call home. they are worried _ attractive to call home. they are worried about _ attractive to call home. they are worried about the - attractive to call home. they are worried about the tax - attractive to call home. they are worried about the tax base drinking. are worried about the tax base drinkina. ., , ,., ., ., drinking. from the personaltax base side. _ drinking. from the personaltax base side, individuals _ drinking. from the personaltax base side, individuals look - drinking. from the personaltax base side, individuals look to i base side, individuals look to be as efficient as possible in terms of taxation. there are a lot of countries that are quite friendly in that regard, singapore is one of those, and another is the uae, which has attracted a number of millionaires over the years, last year attracting 5200 millionaires and this year we expected to set rob lee in second place with a500 net inflow of millionaires into the uae and particular into dubai. have you seen's migration in other countries is itjust other countries is it just china? other countries is it 'ust china? ., ., , ., china? no, we have seen it in a lot of other— china? no, we have seen it in a lot of other countries, - china? no, we have seen it in a lot of other countries, in - lot of other countries, in second place this year in our private wealth migration report it is india, india is expected to have a net outflow of about 6500 millionaires and, quite

interestingly, expected in 2023 will be uk, which continues to see a brexit of sorts of wealthy individuals looking to relocate to other destinations. dominic, how much of this is maybe after covid we realise we don't need to be in an office, we can move to indonesia or somewhere else? are these millionaires just wooed by the fact of having a bit of mobility?— fact of having a bit of mobili ? . �*, , fact of having a bit of mobili ? . �*, q mobility? that's exactly it. as i said, mobility? that's exactly it. as i said. you — mobility? that's exactly it. as i said, you don't _ mobility? that's exactly it. as i said, you don't need - mobility? that's exactly it. as i said, you don't need to - mobility? that's exactly it. as i said, you don't need to live | i said, you don't need to live outside the factory door anymore, so think more and people have realised that and of course there are a lot of options available and a lot of these countries have what we refer to as investment migration programmes, where you can, if you are financially independent, you can hire residence or citizenship in multiple countries and so a lot of millionaires are now taking advantage of that.— advantage of that. june is - ride advantage of that. june is pride month _ advantage of that. june is pride month and - advantage of that. june is pride month and today i advantage of that. june is i pride month and today we're looking at the business of drag. the industry is worth millions of dollars and most recently saw the rise of personalities like rupaul. in places like singapore this can

be a challenging business to run. we caught up with one drug personality in the citystate. music plays. i knew it was auoin to music plays. i knew it was going to be _ music plays. i knew it was going to be hard _ music plays. i knew it was going to be hard to - music plays. i knew it was going to be hard to work- music plays. i knew it was going to be hard to work in| going to be hard to work in this town. and it was a way for me to perform. she isjust more out there, whatever that means, louder, braver, more colourful, more in yourface. more louder, braver, more colourful, more in your face. more willing to go there, as it were. eugene is actually pretty shy. when i started riot, there werejust not that many opportunities for a drag when it looked like myself. at the time i will is already 30 something years old and i was lowe, 50 is not that far away and then your whole face will collapse and then you can't do drag anymore. so a

kind of decided i would go full—time. and then we say, come in early, can we do a show at a venue that would otherwise become, like, you know, a school, as good a dressing room, stage, lights, music. like everything is there. and this is riot! (indistinct). | (indistinct). i think it (indistinct). i think it is the form and the entertainment and the spontaneity of what might happen at the show and just the inclusivity. anybody is welcome.

# mama... #mama... i_ # mama... iwould- # mama... | i would love # mama... i i would love if # mama... — i would love if something like this singapore tourism board would take notice of us and promote us in the way they have promoted, you know, they promoted, you know, they promote any other nightlife in singapore. music plays. ina lot in a lot of ways singapore is very... in a way that a lot of countries in this area are not. a people in these countries fighting and being resilient and being beautiful and blossoming and i would love to find out how they do it. blossoming and i would love to find out how they do it. we reach out _ find out how they do it. we reach out to _ find out how they do it. we reach out to the _ find out how they do it. we reach out to the singapore tourism board about that nightlife scene here in singapore and this was their response. "singapore continues

to... that is all we have for you now on asia business report. if you want to keep up with the latest news visit our news website. i'm monica miller. thanks for watching. ina in a school in south—west london a about to take place dyrring will polda. he has just died in a marble block buster, guardians of the galaxy three. but he is here today because of his sister. but he is here today because of his sister-— his sister. today is national than 80 today. _ his sister. today is national than 80 today. so - his sister. today is national than 80 today. so a - his sister. today is national than 80 today. so a heater| than 80 today. so a heater surprise my little sister and thank her. like many teachers she is something of an unsung

hero and she takes on a huge responsibility.— hero and she takes on a huge responsibility. thank a teacher day began _ responsibility. thank a teacher day began in — responsibility. thank a teacher day began in 2014 _ responsibility. thank a teacher day began in 2014 to _ responsibility. thank a teacher day began in 2014 to celebrate | day began in 201a to celebrate the professionalism found in so many schools. hi. the professionalism found in so many schools-— many schools. hi, everybody. hi, how is _ many schools. hi, everybody. hi, how is it— many schools. hi, everybody. hi, how is it going? _ many schools. hi, everybody. hi, how is it going? hi, i many schools. hi, everybody. hi, how is it going? hi, missl hi, how is it going? hi, miss charlotte. it is national than a teacher day, so wanted to say thank you to all your teachers. she is a great person she is kind — she is a great person she is kind to _ she is a great person she is kind to everyone.— she is a great person she is kind to everyone. the whole team is incredible. _ kind to everyone. the whole team is incredible. it - kind to everyone. the whole team is incredible. it is i kind to everyone. the whole team is incredible. it is very | team is incredible. it is very much — team is incredible. it is very much a _ team is incredible. it is very much a joint _ team is incredible. it is very much a joint effort. - team is incredible. it is very much a joint effort. i'm i team is incredible. it is veryl much a joint effort. i'm lucky to work— much a joint effort. i'm lucky to work with _ much a joint effort. i'm lucky to work with the _ much a joint effort. i'm lucky to work with the people i- much a joint effort. i'm lucky to work with the people i do. appreciation _ to work with the people i do. appreciation often _ to work with the people i do. appreciation often goes i appreciation often goes unmentioned. but in schools todayit unmentioned. but in schools today it is hoped to pupils, parents, families, and friends will take the time to say thank you.

hey, this is the catch up. tonight, revenge porn laws, the nicola bulley case, and lewis capaldi nicola bulley case, and lewis ca paldi takes nicola bulley case, and lewis capaldi takes a break. a report into how cricket is run in england and wales has found that racism, sexism, classes, and elitism are widespread in the sport stop the independent commission for equity in cricket but to more than a000 people over two years. half said that they had experienced this cremation, that figure was much higher amongst minorities. cindy is the author of the report. the stories were absolutely horrific and it goes to show that the culture in cricket is rotten. hm to show that the culture in cricket is rotten. an inquest has concluded _ cricket is rotten. an inquest has concluded that - cricket is rotten. an inquest has concluded that nicola . has concluded that nicola bulley drowned after accidentally falling into cold water. she went missing while walking her dog by the river way in lancashire. her death sparked conspiracy theories on social media, which herfamily has criticised.

some other stories, revenge porn laws in england and wales are getting tougher. changes today mean prosecutors don't have to prove there was intent to cause distress, sharing deepfake porn is also being criminalised for the first time. and singer lewis capaldi says he has taken a break from touring to adjust to the impact of his tourette's diagnosis. another celeb is buying a football club, that is right, stormzy is that you buy his hometown club, afc croydon, as part of a trio that includes football a wilfried zaha. football a wilfried za ha. time football a wilfried zaha. time alforte ten seconds of a slice of history. this painting was found in the ancient city of pompeii. it might look like a pizza, but experts say pizza didn't exist when this was done, so who knows? you all caught up now. see you later.

tells us he fancies his chances hello and welcome to sportsday. hello and welcome to sportsday. i'm gavin ramjaun. i'm gavin ramjaun. a dark day for the sport — a dark day for the sport — an independent report finds an independent report finds discrimination is widespread in english and welsh cricket. discrimination is widespread in english and welsh cricket. josh tongue gets the chance to become the talk of lords — the fast bowler�*s in the side, ahead of the second ashes test. and fighting talk from andy murray —

the two—time wimbledon winner