says that her in china but says that her visit helped improve relations between the world's two biggest economies. plus, they died on board a boeing 737 max that crashed and now they want boeing to face an unlawful killing verdict. welcome to a business report with me mariko oi. the us treasury secretary janet yellen expressed confidence that her visit will help stabilise us china relations. ms yellen strip is just the latest embassy world's two biggest economies work on improving tires over a tense two years. they continue to be locked in a tit—for—tat trade or which has spilt over into the technology space. the us has imposed export controls

designed to restrict china's ability to buy high—tech microchips and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i that any such measures will be highly targeted.— highly targeted. i emphasise that it would _ highly targeted. i emphasise that it would be _ highly targeted. i emphasise that it would be highly - that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad—based impacts on the chinese economy. that is not the case. that is not the intention. and i think this is an example of what i said about how to address national security concerns. a, how to address national security concerns. a senior market analyst _ security concerns. a senior market analyst told - security concerns. a senior market analyst told me - security concerns. a seniorl market analyst told me that security concerns. a senior- market analyst told me that ms

yellen did manage to smooth relations on the economic front. iii relations on the economic front. , ., relations on the economic front. ,, ., ., ~' relations on the economic front. ,, ., relations on the economic front. , ., ., ,, front. if you look at the us treasury — front. if you look at the us treasury secretary, - front. if you look at the us treasury secretary, i - front. if you look at the us l treasury secretary, i believe that— treasury secretary, i believe that she _ treasury secretary, i believe that she is more pragmatic. so, all in _ that she is more pragmatic. so, all in all. — that she is more pragmatic. so, all in all. i— that she is more pragmatic. so, all in all, i would like to state _ all in all, i would like to state that ms yellen actually had a — state that ms yellen actually had a positive outcome in terms of economic communication between _ of economic communication between the us and china but however. _ between the us and china but however, i still reckon that it is status _ however, i still reckon that it is status quo at this point in lima — is status quo at this point in time. in _ is status quo at this point in time. , ., ., , time. in terms of trade between the us and _ time. in terms of trade between the us and china _ time. in terms of trade between the us and china they _ time. in terms of trade between the us and china they have - the us and china they have actually been growing and the latest data suggesting that between february and may exports from china to the us down some 25%, so our tariffs now really starting to hurt the chinese? if now really starting to hurt the chinese? , ., now really starting to hurt the chinese? ,. ., ., ~' now really starting to hurt the chinese? y., ., ., ~ ., chinese? if you look over here at this point — chinese? if you look over here at this point it _ chinese? if you look over here at this point it could _ chinese? if you look over here at this point it could actually i at this point it could actually be possibly due to the current

lacklustre global economy situation that generates a slowdown in exports from the china point of view. so, on one hand definitely if we look at the current situation in the last — i would say one year or closer to six months — there are still tariffs in place from the trumpet administration that causes this slowdown. filiiii. causes this slowdown. still, there are — causes this slowdown. still, there are so _ causes this slowdown. still, there are so is _ causes this slowdown. still, there are so is in _ causes this slowdown. still, there are so is in the - causes this slowdown. still, there are so is in the us - causes this slowdown. still, | there are so is in the us that would like washington to harden its position on china. the republican us presidential candidate and florida governor ron desantis said that he would take steps to revoke china's normal trade relations status if he won the 2024 whiteout race. any step to remove it would also need congressional approval. it is a legal designation in the united states for free trade with a foreign nation. as the start of a brand—new week a bunch of

events on our radar are due to take place on wednesday. that is when we will learn what the new zealand bank will do about interest rates. they have been aggressively hiked in the last couple of years and is at a 14 year height which is one of the reasons the economy fell into recession at the end ofjune. and from india, we are due to get the latest inflation reading as well although overall prices called in may and the outlook is rather uncertain because unpredictable monsoon wrapper —— weather is causing concerns. and the biggest inflation indicator from the world's biggest economy, the united states, it will give us an idea of what the federal reserve may do next after it hit the pause button last month on a rate hikes. head of applied research said the time bought the bed to change policy has not arrived

yet. change policy has not arrived et, ., change policy has not arrived et. ., ,.,,.,_ ., yet. so, we are probably going to see that _ yet. so, we are probably going to see that inflation _ yet. so, we are probably going to see that inflation is - yet. so, we are probably going to see that inflation is still- to see that inflation is still trickling down about core inflation is still at around 5% which is more than twice as much as defence targets so that is not going to sway the fed's hand. it will not change the decision of interest rates. a, decision of interest rates. a lot of us banks are releasing their earnings. what are you expecting in terms of the health of the banking sector? that will be interesting to see for sure but what we will see is investors have moved past the banking crisis. we see a lot of the risk coming back up. we see a lot of individual debts on a bank stock options and things like that so there seems to be an appetite back betting on the banking sector now. i betting on the banking sector now. . ,., betting on the banking sector now. ., , ., ., betting on the banking sector now. ., ., ., betting on the banking sector now. . ., ., ., betting on the banking sector now. ., ., ., ., now. i also want to ask you about china _ now. i also want to ask you about china because - now. i also want to ask you about china because as - now. i also want to ask you about china because as i i now. i also want to ask you i about china because as i was just asking calvin the economy has been releasing some weak data. in terms of a stimulus package argue expecting anything anytime soon? ladle anything anytime soon? we certainly hope _ anything anytime soon? - certainly hope so, yes. it has

been a underperforming market for three years. they are trying to restart the economy and investors would like see a sense of urgency and we do see data on the derivatives that people are hedging a, japan and china, so i think that there is a lot of doubt on whether they can pull it off. figs a lot of doubt on whether they can pull it off.— can pull it off. as we were “ust can pull it off. as we were just talking _ can pull it off. as we were just talking about, - can pull it off. as we were just talking about, on - can pull it off. as we were just talking about, on the| just talking about, on the earnings rate, it is reporting season for corporate america and major banks, jpmorgan and citigroup, will turn in its second—quarter results on friday. analysts will be looking for signs of resilience after the recent collapse of smaller lenders like first republic and silicon valley bank. the sector's biggest crisis since 2008 has shaken investor trust as a small banks struggle to survive against aggressive rate hikes cycles. an aircraft with 157 people on board crashed minutes after

takes off. the aircraft, a brand—new boeing 737 max, was equipped with control software that was fatally flawed. boeing has since admitted responsibility but under a controversial $2.5 billion deal with the government it avoided prosecution but after many years of delay and inquest will begin into the death of three of the british citizens who were aboard the plane. for their relatives, it is a landmark moment. . ., , landmark moment. that was the date he came — landmark moment. that was the date he came to _ landmark moment. that was the date he came to see _ landmark moment. that was the date he came to see you - landmark moment. that was the date he came to see you when i date he came to see you when you were born. do you remember bringing him?— you were born. do you remember bringing him?- that - you were born. do you remember bringing him?- that was - bringing him? yeah. that was secial, bringing him? yeah. that was special, wasn't _ bringing him? yeah. that was special, wasn't it? _ bringing him? yeah. that was special, wasn't it? he - bringing him? yeah. that was special, wasn't it? he was - bringing him? yeah. that was special, wasn't it? he was so | special, wasn't it? he was so chuffed that he had a little brother. ~ ., , ., brother. memories are bittersweet _ brother. memories are bittersweet for - brother. memories are bittersweet for the - brother. memories are - bittersweet for the pelgram bittersweet for the pelg ram family bittersweet for the pelgram family who lost their son sam and the grief is still intense. he used to talk to you and bring in stories. he was a joy

to have in life and hejust made out lab are better, really and he has left a really big hole. , , ,,., hole. this is where sam died. the 25-year-old _ hole. this is where sam died. | the 25-year-old humanitarian the 25—year—old humanitarian worker was aboard a boeing 737 max that killed shortly after takeoff from the youth european capital killing everyone on board. today's inquest focuses on three british campaigners, sam pegram, joanna toole and all vic. the plane was the second 737 max to crash in the space of a few months. the first, run by a lion air, crashed into the sea of indonesia in 2018, killing 189 people. the aircraft, a new design, had a fatal flaw but after the first accident it was allowed to keep flying. that makes sam's brother tom furious. i5 makes sam's brother tom furious. , ., furious. is corporate greed that has — furious. is corporate greed that has got _ furious. is corporate greed that has got us _ furious. is corporate greed that has got us to - furious. is corporate greed

that has got us to this - furious. is corporate greed | that has got us to this point and when you kill so many people, it is hard to wrap my head around the fact that even initially when it did happen that people were not up in arms. �* ., . , that people were not up in arms, �* ., ., , ., arms. boeing has admitted responsibility _ arms. boeing has admitted responsibility and - arms. boeing has admitted responsibility and paid - arms. boeing has admitted| responsibility and paid fines and compensation with $2.5 billion, but under a deal with the us government it is immune from further prosecution. that, says the family, is why the inquest matters. i5 says the family, is why the inquest matters.— says the family, is why the inquest matters. is a chance to be heard. _ inquest matters. is a chance to be heard. to — inquest matters. is a chance to be heard, to let _ inquest matters. is a chance to be heard, to let people - inquest matters. is a chance to be heard, to let people know. be heard, to let people know who sam was, what he stood for, and also to publicly in a court yet the wrongdoing that boeing are guilty of. i yet the wrongdoing that boeing are guilty of-— are guilty of. i recently spoke to one of _ are guilty of. i recently spoke to one of boeing's _ are guilty of. i recently spoke to one of boeing's top - to one of boeing's top executives and i asked him if he had a message for the bereaved families. we he had a message for the bereaved families. we have such deep sympathy _ bereaved families. we have such deep sympathy and _ bereaved families. we have such deep sympathy and condolence l deep sympathy and condolence for the — deep sympathy and condolence for the 346 families that suffered loss, both in lionair

and — suffered loss, both in lionair and the — suffered loss, both in lionair and the ethiopian flights. for us as— and the ethiopian flights. for us as a — and the ethiopian flights. for us as a company the commitment is how— us as a company the commitment is how do— us as a company the commitment is how do we ensure that this terrible — is how do we ensure that this terrible loss results in greater still improvements to aviation— greater still improvements to aviation safety. it greater still improvements to aviation safety.— aviation safety. it is “ust words. i aviation safety. it is “ust words. empty �* aviation safety. it isjust words. empty words. i aviation safety. it isjust - words. empty words. empty words. empty words. empty words- he — words. empty words. empty words. he does _ words. empty words. empty words. he does not - words. empty words. empty words. he does not know. words. empty words. empty i words. he does not know what words. empty words. empty - words. he does not know what it is like. he can stand there and talk about life changing. he does not know the meaning of the words. does not know the meaning of the words-— does not know the meaning of the words. �* ., ., , the words. bought the pegrams urief and the words. bought the pegrams grief and anger _ the words. bought the pegrams grief and anger is _ the words. bought the pegrams grief and anger is clearly - the words. bought the pegrams grief and anger is clearly very . grief and anger is clearly very raw. i hope that the inquest will put the focus back on those like sam whose lives were taken away, perhaps answer some remaining questions and even give them a little bit of closure. that is it for this addition of asia business report. thank you so much for watching.

bbc news, bringing you different stories from across the uk. , ,. , ., different stories from across theuk. , ,. , the uk. described in a court as a briuht, the uk. described in a court as a bright. happy _ the uk. described in a court as a bright, happy and _ the uk. described in a court as a bright, happy and bubbly- a bright, happy and bubbly person who easily made friends, you cashed in from leicester took his own life in april 2021. he was 40 years old. and inquest into his death described the case is unusual and complex. leicester coroners court heard that luke had an undiagnosed gambling disorder, a recognised psychiatric condition. it was not diagnosed because he did not share his gambling with anyone, nor did he seek medical advice. in 2019 he seek medical advice. in 2019 he had debts of £18,000 because of his gambling addiction. he and his wife were able to pay it off when they sold their home but during the pandemic luke was increasingly gambling again. in a statement, flutter uki said:

the recording for the first time ever of a gambling disorder as a cause of death has been welcomed by luke's family. has been welcomed by luke's famil . ., ., , ., , ., family. for more stories from across the — family. for more stories from across the uk, _ family. for more stories from across the uk, head - family. for more stories from across the uk, head to - family. for more stories from across the uk, head to the i family. for more stories from i across the uk, head to the bbc news website.

bbc news, bringing you different stories from across the uk. , ., . , , the uk. the visitor centre sits on the summit _ the uk. the visitor centre sits on the summit but _ the uk. the visitor centre sits on the summit but it - the uk. the visitor centre sits on the summit but it has - the uk. the visitor centre sits| on the summit but it has been closed since the autumn of 2019. first, due to covid, and then a massive project to rebuild the rail tracks right to the top, but now the trains are back and that means they can reopen the business. when we first came _ can reopen the business. when we first came up _ can reopen the business. when we first came up here - can reopen the business. when we first came up here the - we first came up here the building was really mouldy. there has been no air ventilation to the building so there was a massive job getting cleaners in and getting the building nice and clean. the generators, we needed to brand—new generators so the generator has been working hard. �* ., , ., , hard. before the visitors could return the _ hard. before the visitors could return the snowdon _ hard. before the visitors could return the snowdon mountain | return the snowdon mountain railway had to replace 1000 metres of track to the summit which has cost over £1 million. without the train, they could who prefer to let the train take the str train, they could

not open. everything in the without the train, they could not open. everything in the building relies on its building relies on its suppliers but on a day such as suppliers but today when it is wet and windy there is a sense of relief from today when it is wet and windy there is a sense of relief from those arriving. the railway those arriving. railway says it is set for a bumper those arriving. the railway says it is set for a bumper summer and reopening the visitor centre will attract summer will attract visitor centre will attract even more, especially for those even more, especially for those who prefer to let the train take the strain. visitor centre will attract even mc strain. ecially for those