twitter hie] mm and the focus is now twitter and the focus is now shifting on building it into everything app. select stadiums and high viewership for the fifa world cup tournament. ten this translate into lasting returns? over there. welcome to asia business report. elon musk has killed off twitter�*s recognisable bird logo with an x. rebranding the platform and advertising revenue continues to flounder and under its new identity, a postal also be called an x rather than a tweet. the rebranding could be part of a push to merge twitter into a super app. reborn as x,

it is the latest big change since elon musk but the social media platform for $41; billion last year and of the weekend, he said he was ditching the famous blue bird and changing the logo of twitter to an x. addressing the rebranding in a memo to staff that was obtained by cnbc claiming usage was an all—time high and they should not share any specific metrics. and as to what x might look like in changes in audio, payment and banking. it is no secret that elon musk was to transform twitter into a super app similarto china transform twitter into a super app similar to china and indonesia social media platforms. not to speak in posts but send and receive payments and content and access things like food deliveries. but does the us and consumers want a super

but does the us and consumers wanta superapp? but does the us and consumers want a super app? the of they already have easy access to other things but to them two traffic and revenue is down and it's now what a smaller workforce to pull off such a transformation. not one to shy away from hyperbole, elon musk believes x could become a financial global system of success. microsoft is also due to reported earnings to it comes as a time for both tech giants are making inroads in the artificial intelligence of rings and making plans to start charging for them. i spoke to peter maguire talking about the appeal of such a business model. you little about a revenue model and as for his

earnings in the last quarter and so, will be interesting that the model which if you would rally would be an enormous push of the last six orseven enormous push of the last six or seven months. investors liked the announcement of the subscription model but could there be a pairfatigue? subscription model but could there be a pair fatigue? there can be and — there be a pair fatigue? there can be and it _ there be a pair fatigue? there can be and it is _ there be a pair fatigue? there can be and it is for _ there be a pair fatigue? there can be and it is for the - there be a pair fatigue? there can be and it is for the days i can be and it is for the days and fatigue comes in normally after a 12 month period and forces that determine what is ruled in value. wejust have forces that determine what is ruled in value. we just have to work through that about the future and at the moment, it is being hotly contested in a competitive landscape. find competitive landscape. and goo . le competitive landscape. and google parent _ competitive landscape. and google parent announcing its version and also apple starting to come up with its own chad gpt and chinese companies as well, who has the advantage

because my cousin still microsoft and ai? fist because my cousin still microsoft and ai? at the moment. _ microsoft and ai? at the moment, microsoft - microsoft and ai? at the moment, microsoft is i microsoft and ai? at the | moment, microsoft is the microsoft and ai? at the - moment, microsoft is the clear winner and i suppose integration into the marketplace is very much a long way in front but in some ways, the competition is closing the gap and it will take time there will be about six months before the other forces and competitors join the ranks and said he was the best product moving forward.— moving forward. what about misinformation? _ moving forward. what about misinformation? do - moving forward. what about misinformation? do you - moving forward. what about. misinformation? do you think they're doing enough to address this question allow hard to determine and again, everyone has an opinion on itjust seems to me that the course of events. and to me that the course of events. am— to me that the course of events. and that's the open debate with _ events. and that's the open debate with a _ events. and that's the open debate with a system - events. and that's the open debate with a system like . events. and that's the open | debate with a system like ai and intelligence going into it and intelligence going into it and that's going to be a fascinating outcome. ubs is

that is been _ fascinating outcome. ubs is that is been ordered - fascinating outcome. ubs is that is been ordered to - fascinating outcome. ubs is that is been ordered to pay| that is been ordered to pay this to the american and british regulators of her credit with private investment firms. it took over the troubled bank inheriting its legal issues and creditors lost over $5 billion in the defaulted back in 2021. south korea's economy growth goes up beating expectations and gdp grew about half a percent on a quarterly basis and that data could have an impact on how the bank of korea moves next month. it was one of those nations who have high borrowing costs from 2021 and earlier, he spoke to explain how the latest data could influence essential banks. it could influence essential banks. ., , , banks. it would be the first, vietnam _ banks. it would be the first, vietnam is _ banks. it would be the first, vietnam is been _ banks. it would be the first, vietnam is been cutting - banks. it would be the first, vietnam is been cutting and banks. it would be the first, i vietnam is been cutting and so

is china but it is possible that the bank of korea is going to be one of those aggressively raised interest rates but we do not think it's going to be just yet especially given their inflation targeting bank and it is still above target. they have a 2% target and 2.7%, it's been to client.— have a 296 target and 2.796, it's been to client.— been to client. and close to two point — been to client. and close to two point percent _ been to client. and close to two point percent target - been to client. and close to | two point percent target and so, why not wait until they actually managed to get a 2% target interview question about the fact is that raising rates of inflation was above li% which is double what the target was with the textbook says in the bank and it has been more than double what your target is and you raise interest rates but i think they've come to the conclusion that the balance shifted what they did want to

cut inflation expectations, they had to be kept in check and they succeeded in doing this in the balance of these notions for growth and what this means to the banking sector. and i think they're going to cut trade but it's just a question of when and it could be a month away and the lot can happen in a month as matters stand today, there may be a bit too early but meeting the bank of korea very much in place. the target of billion dollar lawsuit favour thousand app dollar lawsuit favour thousand app developers in the united kingdom. overthe app developers in the united kingdom. over the fees the company charges 15 to 30% for use of an inapt payment system lawsuits as the charges are excessive and apple services business including the app store say it is worth $20 billion per quarter. meanwhile, retailer says that its second—quarter operative profit

fell by 55%. at the sale of its inventory of ka nye west products and may will help it pulsed a lower annual loss than expected and ending its partnership with mr west last year and not the production of its highly successful easy line designs. the second week of the fifa world cup tournament gets under way. co—hosted by new zealand, the event is seen sell—out stadiums and 2 billion people around the world were expected to watch it on television. to silver is more. that completed another stadium on the outskirts of town because demand for tickets was so strong, thousands turned up to watch them and almost 5 million australians, for the population tuned in to watch.

not just for population tuned in to watch. notjust for the home team, but on sunday night, the stadium was for there too. the question is, with this level of interest, to be converted to real financial gains for the local league but shallow the commissioner of the elite, the national league for austria despite this, they do not break even —— australia. it will make the losses are not dramatic but it will be interesting to see how teams would get the euros in england and 80,000 they backed limply with the africa final and it _ backed limply with the africa final and it is _ backed limply with the africa final and it is a _ backed limply with the africa final and it is a real- backed limply with the africa final and it is a real mark- final and it is a real mark looking at the women's game and club owner should see it that way and across centres and investment and i'm100% sure it will pay off. investment and i'm 10096 sure it will pay off-— will pay off. and this could generate _ will pay off. and this could generate those _ will pay off. and this could l generate those investments will pay off. and this could - generate those investments and leave a lasting legacy in the

professional and crass —— grassroots level. they will sponsor next year as olympic games in paris and notjust any sponsorship at a premium one. the brand will play a role by sharing its creativity throughout the games. it will be worth hundred 60 million us dollars. before we go, let's quickly see the market doing ok with the main industries rising overnight and that is it for the programme and thank you so much for watching.

cardiff, the former drug dealer who is hooked on heroin from the age of 1a. who is hooked on heroin from the age of 16. he also took pills, but not from the doctor, thick once the pot on the street not mine, that trucks or sedatives you might know them by the name diazepam and xanax, people are increasingly buying them online, thinking they're getting legitimate pharmaceutical products. the latest figures suggest that there were 61 drug deaths and wells involving this and 2021 and 35 in 2020. and something that trucks charities are concerned about.- that trucks charities are concerned about. , ., , , concerned about. the problem is that these _ concerned about. the problem is that these drugs _ concerned about. the problem is that these drugs are _ concerned about. the problem is that these drugs are not - concerned about. the problem is that these drugs are not real. . that these drugs are not real. and public health wells can be found that many trucks brought online often know they claim to be in the last year, to every five samples they tested contained something different to what they were sold as. he

is now cleaned his life around and has been cleared of drugs for five years. and has been cleared of drugs forfive years. in and has been cleared of drugs for five years. in the hopes and has been cleared of drugs forfive years. in the hopes by speaking out that she can make more people realise the dangers of drugs by buying them online. to catch up. the bbc investigation where the drug dealers skippy using social media to grow and exploit children children's commissioner snap trap is your child safe is available on bbc iplayer and if you been affected by this issue, wildfires continue to sweep across parts of europe with

some having the worst fire season so far, british tourists from the greek island of rhodes for many holiday—makers i've been forced to evacuate and move to shelters and airlines are planning two flights to bring people back to the uk. some of the stories in twitter is changed its brand and logo swapping out the famous bluebird for an x. elon musk has said tweets will not be known as x. it has not appeared on the mobile app just yet. and across the uk, the barbie movie and oppenheimer took 30 million over the opening weekend in seven months at the north america, barbie broke the record for a female director, bringing in 155 million us dollars. we will review with ten seconds of snake on a

train, passengers on the train were shocked to find a five foot snake roaming around in their carriage. the harness corn snake was collected by the rs pc and take into specialists. rs pc and taken to specialists.

welcome to sports day. saudi arabia offers a world record transfer fee for kylian mbappe. priscilla strikes fast in early as a gorgeous hat trick in the 4-0 as a gorgeous hat trick in the 4—0 thumping of panama. starting new lives in australia, big catch up with players in the afghan national women's team. hello and welcome along to sportsday where we start with the news that saudi arabian side al hilal have been given permission to talk to kylian mbappe, after reportedly making a world record bid of over 330 million dollars for the paris

saint—germain forward. the 24—year—old france captain only has a year remaining