the central bank as top official signal more support for a slumping economy. and it is the start of earning season for big tech. oath make alphabet and microsoft have reported strong profits for the last quarter. —— alphabet. welcome to asia business report. let's begin this morning in china because while the removal of its foreign minister has been making headlines, beijing has listed a new governor for its central bank. taking the helm of the time of the chinese economy is single slumping activity. the top decision—making body in beijing had also earlier pledged to shore up support for the economy. earlier i spoke to someone who explained the direction the bank could take now. he explained the direction the

bank could take now. he has a reputation _ bank could take now. he has a reputation of _ bank could take now. he has a reputation of reputation - bank could take now. he has a reputation of reputation and l reputation of reputation and compliance and is conscious about continuing financial risk. but he is a market oriented mind so i have no doubt policy will return in the next few months though whether it will be different i have doubts because maintaining economic stability is still number one key. we will see more expansion in monetary policy but it will be aggressive. policy but it will be an . ressive. , policy but it will be anressive. , , , aggressive. interesting because there have _ aggressive. interesting because there have been _ aggressive. interesting because there have been small- there have been small announcements to stimulate the economy but there was no major announcement. going forward what you expect? many experts say that beijing needs to announce something. the housing market is key- _ announce something. the housing market is key. yesterday - announce something. the housing market is key. yesterday there . market is key. yesterday there was no mention about housing and people had high hopes that there may be more relaxation in home purchases and also the financing for the real estate. but from the economic perspective it seems that more

focus will be on affordable housing and shanty town renovation in cities and construction. in terms of consumption there was also mention about tourism and an increase in income because of the propensity to consume. i am curious about how the government intends to achieve it because there must be some kind of cash transfer. it is also a big _ kind of cash transfer. it is also a big week _ kind of cash transfer. it is also a big week for - kind of cash transfer. it is also a big week for big . kind of cash transfer. it is also a big week for big tech and both microsoft and alphabet have reported their latest quarterly earnings and both saw their profits soar. both companies are locked in a race to develop artificial intelligence tools but as my colleague explains that is not quite driving future revenue just yet. quite driving future revenue 'ust et. ~ , quite driving future revenue 'ust et. , ., just yet. when it comes to cloud services _ just yet. when it comes to cloud services microsoft i just yet. when it comes to i cloud services microsoft and google's parent company alphabet major players in a field that continues to drive profit. microsoft's quarterly

profit. microsoft's quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft's intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less than wall street was hoping for because the share price initially traded lower. focusing on the big bit of artificial intelligence the ceo said we remain focused on leading the new ai platform shift. microsoft is not the only tech giant investing heavily in al. alphabet is developing and deploying ai heavily in al. alphabet is developing and deploying al to improve its search as well as other products. that along with a slight improvement in the digital app market helped it turn a net profit of $18.4 billion in the last quarter. its cloud business also enjoyed strong positive momentum revenue. and musical chairs at the company, google said its

finance chief would become its chief investment officer starting in november. —— september. starting in november. -- september.— starting in november. -- september. starting in november. -- setember. , ., september. matter is also due to reort september. matter is also due to report results _ september. matter is also due to report results after - september. matter is also due to report results after closing l to report results after closing bell on wednesday and the focus will likely be on guidance around new offerings such as max reads and its ai chat service. earlier i spoke to someone who explained what the current focus of meta might be. the meta— verse has been a disaster for them. the meta— verse has been a disasterfor them. they the meta— verse has been a disaster for them. they lost almost $13 billion on it last year. it is still important in the vr race but avril that make apple have come out with a robust piece of hardware and i don't think the meta— verse will make any money for them anytime soon which is why we see them pivot to going after twitter and, see them pivot to going after twitterand, more see them pivot to going after twitter and, more recently, going full steam ahead into ai. i wanted to ask about al. it is getting rather crowded and microsoft and alphabet hour trying to make money out of it

as well. in your view, what will likely be the model? add supported or subscription model? this is an interesting question. meta has made their ai offering open source which is different to gpt four which is different to gpt four which is in app you have to play for. the business model is unknown and really i think the first phases who will win and then they will figure out how to make money later. but there will be a lot of regulatory and copyright issues that need to be understood before we can even talk about making money. this is somewhat of a bubble. who will win, that is the big question. is it microsoft slashed open ai that has the advantage?— advantage? they are in the limelight — advantage? they are in the limelight right _ advantage? they are in the limelight right now. - advantage? they are in the | limelight right now. making everything free is something that evia had to do, it is a step in the right direction but

with the massive amount of data that google has available you cannot count them out. figs that google has available you cannot count them out. as we told ou cannot count them out. as we told you in — cannot count them out. as we told you in newsday _ cannot count them out. as we told you in newsday it - cannot count them out. as we told you in newsday it has - cannot count them out. as we i told you in newsday it has been six days since the women's world cup kicked off in australia and new zealand. it will run until august 20 and it is estimated that more than 2 billion people will tune in to watch the tournament. that is a jump watch the tournament. that is a jump from just over 1,000,000,02019. it jump from just over 1,000,000,02019. . ., , 1,000,000,02019. it certainly has been 1,ooo,ooo,ozo19. it certainly has been a — 1,ooo,ooo,ozo19. it certainly has been a big _ 1,000,000,02019. it certainly has been a big debate - 1,000,000,02019. it certainly has been a big debate and - 1,000,000,02019. it certainlyl has been a big debate and issue in the lead up to the tournament, how much broadcasters around the world would be willing to pay for those rights. the head of fifa called it insulting, the office coming in from around the world. for example the uk reportedly were offering 5—6% of what they offered for the men's world cup and that was $9 million and they offered allegedly $200 million for the men's world cup have the right to show the qatar world cup. in europe things were even worse.

for example italy offered $1 million to show the women's world cup. they have the argument that because of the time zone here in australia and new zealand the games are not as convenient to watch in europe and there for they do not attract the same level of broadcasting rights that it does raise an issue for fever about whether or not they should play hardball and should play hard ball and attempt should play hardball and attempt to attract great funds for example at one time there was talk of a blackout in europe where people were not even going to be able to watch it because fifa was not happy with the offers or whether they should be offering it at a lower amount in order to continue to generate interest, create a legacy and there for, in the future, be able to attract more funs. one issue here in australia is 5 million people watched the matilda's last thursday when it was aired on freeware but to watch the other games you actually have to have a very bespoke expensive subscription with a telephone service in order to see those games and makes it quite inaccessible and people are there for saying that as an

impediment into really generating a buzz around the world cup, the games are difficult to watch. that is one of the paramount questions here when it comes to the issue of broadcast rights and whether or not fifa plays a long—term game to try and generate eyeballs all the short—term game, as i say, and make it more expensive in the short term. these are questions that are probably somewhat above my pay level but it has been an interesting debate in this world cup. before we go, climate change has been a hot button topic recently no thanks to the heat waves that we have seen in asia and the recent wildfires in europe. according to one business leader, consumers are now waking up to the power that they have. now waking up to the power that the have. ., they have. the thing i have learnt in — they have. the thing i have learnt in life _ they have. the thing i have learnt in life is _ they have. the thing i have learnt in life is to _ they have. the thing i have learnt in life is to not - they have. the thing i have learnt in life is to not live l learnt in life is to not live life in silos. everything is connected and all the dots need to be joined connected and all the dots need to bejoined up. that way i am happy, business is happier and the climate is happier.

i noticed over the last five or six years that people are waking up to the power that they have in their pocket and in their wallet to influence the way business operates, to make sure that business looks to reduce their planetary impact. as nurses will and do listen to the consumer. people are certainly beginning tojoin the dots. they now know more about the planetary impact and they care about it and they are sending messages to the businesses that they interact with that we want you to do things better, we want to know what your eco— credentials are and we want you to tell us the truth about that. so i have been concerned about sustainability and climate change for a very, very long time and it is always something that was going to happen way into the future. but of course it is not. it is happening now

and it was probably about six orseven and it was probably about six or seven years ago when i really woke up to the fact that it is here and now and we need to deal with it here and now and not think we have time. we do not. before we go let's check on the japanese market, it is down by 0.5%. investors are watching the us central bank, the decision by the federal reserve on monetary policy which we will find out later today in america. some expect them to move again, last month they paused the cycle of hiking rates to tackle inflation. bbc news bringing you different stories from across the uk. cowles controlled by the

collars around their next. we have a solar— collars around their next. - have a solar panel on the back here that charges the battery and they are nice and life weight and flexible so the cows can move around and then there is a gps locator on the top so we can see exactly where the cows are at any time and that leads to a virtual fence which is behind us or wherever we wanted to be.— is behind us or wherever we wanted to be. the collar means the national _ wanted to be. the collar means the national trust _ wanted to be. the collar means the national trust can _ wanted to be. the collar means the national trust can map - wanted to be. the collar means the national trust can map out| the national trust can map out an area they want grazed. if a cow approaches the invisible boundary it first hears several music alerts and if it does not turn back and tries to cross the virtual fence the cow gets a mild electric shock. all this tech ensures the whole of this beautiful limestone landscape is kept grazed.— is kept grazed. they will choose the _ is kept grazed. they will choose the best - is kept grazed. they will choose the best grass i is kept grazed. they will. choose the best grass that is kept grazed. they will- choose the best grass that they want to eat and sometimes what we want them to get into is the

scrub and the less delicious stuff, trample that down and create more sunlight for species that live on the ground and that we can force them to do that using the virtual fence. for more stories from across the uk head to the bbc news website. hello i am callum with the catch up. first, the number of people living in temporary accommodation in england is the highest since records began. on march 31 there were almost 105,000 households in this position including more than 131 thousand children. this woman was staying at a hotel in plymouth after the family was made homeless through a no—fault eviction where a landlord and if it without a reason. it is difficult because you don't have anywhere to cook or sleep. you don't have anywhere to cook orsleep. it you don't have anywhere to cook or sleep. it is not ideal with two kids. it costs a lot of

money, but it is what it is. next commerce modifier increasing the cost of their subscription for everyone except students. family deal an individual pound — my plans will go up by £1 each well student plants than stay at 5.99. this is the first increase since 2011 and spot if i say this will allow them to continue to deliver to fans and artists on their platform. some other stories now. does anyone fancy a dip in the river seine? the same, which one through paris, will soon be open for public swimming after a massive cleanup operation for the 2024 olympics in france. it seems that social media platforms are every day. tiktok has announced they will launch a text only post coming their launch of a new music streaming saw —— service as well as the launch of fred's and the rebranding of twitter to letter x. and now,

ten seconds of sharks. look at this. joanna from new york captured this footage of a great white shark chasing prey at 400 feet. hello and welcome to sports

day. celebrations all around as the philippines done new zealand with theirfirst the philippines done new zealand with their first world cup win. team usa speak out as other countries at this year's tournament still fight for equal pay. and playing for pride. the ashes may be gone but england can still level the series at the oval. we will look ahead to the 15 final test. that makes theft and final test. test. that makes theft and finaltest. —— test. that makes theft and final test. —— fifth and final test. thanks forjoining us. where we start with football, and the philippines picked up a first ever women's world cup when, with victory over new zealand on tuesday. the tournament co—hosts could have secured a path to the last 16, but group a will now be decided in a final round of matches on sunday. that's after norway and switzerland played out a

goalless draw in their second match. nick