plus, they died on board a boeing 737 max that crashed four years ago. now their families want boeing to face an unlawful killing verdict. hi there. welcome to asia business report with me, mariko oi. now, after a marathon of meetings with those chinese officials in beijing, the us treasury secretary janet yellen expressed confidence that her visit will help stabilise us—china relations. ms yellen�*s trip to china is just the latest step as the world's two biggest economies work on improving ties over a tense two years. the two sides continue to be locked in a tit—for—tat trade war which has now spilled 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 emphasise 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's not the case. that's not the intention. and i think this is an example of what i said about how to address national security concerns. senior market analyst kelvin wong told me that ms yellen did manage to smooth relations on the economic front.

if you look at the us treasury secretary yellen, i believe that she is more pragmatic. so, all in all, i would like to state that ms yellen actually had a positive outcome in terms of economic communication between the us and china, but, however, on the general political front, i still reckon that it is status quo at this point in time. in terms of trade between the us and china, they have actually been growing until recently. the latest data suggesting that between february and may exports from china to the us down some 25%, so are our tariffs now really starting to hurt the chinese? yes, so, if you look over here 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 implemented during the trump administration that causes this slowdown in exports as well. still, there are those in the us who would like washington to harden its position on china. the republican us presidential candidate and also florida governor ron desantis has said that he would take steps to revoke china's permanent normal trade relations status if he won the 2024 white house race. any step to remove it would also need congressional approval. the status is a legal designation in the united states for free trade with a foreign nation.

we will bring you more as we get the details. we we will bring you more as we get the details.— get the details. we have had breakin: get the details. we have had breaking news _ get the details. we have had breaking news that - get the details. we have had breaking news that chinese i breaking news that chinese inflation data is unchanged. it's 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. the us reserve aggressively hiking rates in the last couple of years. the cost of borrowing in new zealand is at the highest level in 14 years and thatis highest level in 14 years and that 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 cooled in may and the outlook is rather uncertain because unpredictable monsoon weather is causing concerns. and the inflation indicator from the world's biggest economy 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 for the fed to change policy has not arrived yet. so, we are probably going to see that inflation is still trickling down, but core inflation is still at around 5% which is more than twice as much as the fed's targets so that is not going to sway the fed's hand. it will not change the 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 specific 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 on betting on the banking sector now. i also want to ask you about china because as i was just asking kelvin, the economy has been releasing some weak data.

in terms of a stimulus package, are you expecting we certainly hope so, yes. it has been a underperforming market for three years. we have had disappointing stimulus measures so far. 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 asia, japan and china, so i think that there is a lot of doubt on whether they can pull it off. as we were just talking about, on the earnings front, it is reporting season for corporate america and major banks likejpmorgan and citigroup will turn in 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 small banks struggle to survive against the aggressive

rate hikes cycles. in march 2019, 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 us government, it avoided prosecution. today, after many years of delay, an 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. that was the day he came to see you when you were born. do you remember bringing him? yeah. that was special, wasn't it? he was so chuffed that he had a little brother. old memories are bittersweet for the pegram family. four years ago mark and deborah

lost their son sam and their grief is still intense. he used to talk to you and bring in stories. he was a joy to have in your life and he just made made our lives better, really, and he has left a really big hole. this is where sam died. the 25—year—old humanitarian worker was aboard a boeing 737 max that crashed shortly after take—off from the ethiopian capitalm killing everyone on board. today's inquest focuses on three british campaigners, sam pegram, campaigner joanna toole and un worker 0liver vick. the plane was the second 737 max to crash in the space of a few months. the first, run by lion air, crashed into the sea off 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 fact makes sam's brother tom furious.

is corporate greed that has got us to this point and just killed 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. i recently spoke to one of boeing's top executives and i asked him if he had a message for the bereaved families. we have such deep sympathy and condolence for the 346 families that suffered loss, both in lionair and the ethiopian flights. for us as a company the commitment is how do we ensure that this terrible loss results in greater still improvements to aviation safety. it is just 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. it has been for long years since it happened. for the pegrams, grief and anger is clearly very raw. they are hoping the inquest will shed a light on what really happened, answer questions and maybe even give them a little bit of closure. a bit more about those reports — week a year on year which is less than what was expected. further signs of weak recovery in china. that is it for this edition of the programme. thank you so much for watching. bringing you different stories from across the uk.- from across the uk. they are laces from across the uk. they are places of— from across the uk. they are places of punishment - from across the uk. they are places of punishment and - places of punishment and

rehabilitation but one mp has described prisons is a ticking time bomb. described prisons is a ticking time bomb-— time bomb. they say it is a descending _ time bomb. they say it is a descending spiral - time bomb. they say it is a descending spiral that - time bomb. they say it is a descending spiral that sees staff numbers falling and disorder rising.— disorder rising. prison officers _ disorder rising. prison officers around - disorder rising. prison officers around the . disorder rising. prison - officers around the country are threatened almost on a daily basis — threatened almost on a daily basis. , ., , ., _ basis. figures obtained by the bbc show _ basis. figures obtained by the bbc show that _ basis. figures obtained by the bbc show that in _ basis. figures obtained by the bbc show that in england - basis. figures obtained by the bbc show that in england and | bbc show that in england and wales over a five year period the number of staff taking days off for mental health reasons rose from 1456 to 2879. in the southeast, the rise in the same period was sharper still, from 137 to 309. tom hill was in the prison service for 32 years. he says austerity cuts sought swathes of experienced staff leave the service and the impact was clear.- leave the service and the impact was clear. when i “oined the “ob in impact was clear. when i “oined thejobinthefi impact was clear. when i “oined the job in the 80s, * impact was clear. when i “oined the job in the 80s, if k impact was clear. when i “oined the job in the 80s, if you b impact was clear. when i joined the job in the 80s, if you had i the job in the 80s, if you had an alarm bell, 40, 50 officers would run to it. when i left the job would run to it. when i left thejob in would run to it. when i left the job in 2020 you would be lucky if a handful turned up and a lot of them did not know

what to do. and a lot of them did not know what to �*te— what to do. the reform trust sa s what to do. the reform trust says prisons _ what to do. the reform trust says prisons are _ what to do. the reform trust says prisons are too - what to do. the reform trust says prisons are too full - what to do. the reform trust says prisons are too full and | says prisons are too full and overstuffed ratios increase both problems and pressure. formal stories from across the uk head to the bbc bbc news, bringing you different stories from across the uk. the visitor centre that sits on at the summit has been closed

since the autumn of 2019. first, due to covid and then a massive project to rebuild the rail attracts right to the top. but now the trains are back and that means they can reopen. when we first came up here, the building was really mouldy. it has been closed. there has been no air ventilation for a few years so it was a massive job getting professional cleaners and, getting it nice and clean. generators, we needed two brand—new generators so the engineers have been working such to get power.— such to get power. before visitors return _ such to get power. before visitors return at - such to get power. before visitors return at the - such to get power. before - visitors return at the snowdon mountain railway had to replace 1000 metres on track to the summit. a project that has cost over £1 million. without the train, hafod eryi could not open. everything in the building relies on its supplies. but on a day such as today, when it is wet and when it is wet and the windy, there is a sense of relief from those arriving. the

railway says it is set for a railway says it is set for a bumper summer and reopening the bumper summer and reopening the business centre will attract business centre will attract even more, especially for those who prefer to let the train bumper summer and reopening the busi preferintre will attract bumper summer and reopening the busi prefer to �*e will attract bumper summer and reopening the take the strain. busi prefer to let iill attract bumper summer and reopening the busi prefer to let the ittract bumper summer and reopening the busi prefer to let the traint who prefer to let the train take the strain. hello there. i'm 0lly foster. i'm 0lly foster. this is what is coming up this is what is coming up for you on sportsday. for you on sportsday. the world number one, the world number one, iga swiatek, does it the hard way iga swiatek, does it the hard way to reach her first to reach her first wimbledon quarter—final. wimbledon quarter—final. english cricketers have kept the ashes series alive, beating australia beating australia in the third test. in the third test. and he is simply unstoppable at the moment — max verstappen wins the british max verstappen wins the british grand prix to stretch his lead grand prix to stretch his lead in the formula one in the formula one world championship. world championship. hello. we're moving

into the second week at the wimbledon championships