the country produces a majority of the rare earths gallium and germanium for the global supply chain. china slapped export restrictions on the materials last month, in a move widely seen as retaliation for american curbs on tech sales to china. nick marsh with more. you may never have heard of gallium or germanium untiljust gallium or germanium until just now, gallium or germanium untiljust now, maybe, but they are important elements, so—called critical materials, and they are needed for chips in things like mobile phones, leds, satellites, military equipment as well, and the reason that they have been in the news is because most of it comes from china. 60% of the world's germanium and 80% of the world's gallium and from today will be difficult to get your hands on it. let's take a look at what impeccable have and

what this materials more means for the rest of the world. the consensus is that will be damaging not fatal for the united states. the reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. you don'tjust dig them up from the ground, they are derived from a more complicated reduction process and china has that capability. so governments and businesses will have to rely on cheaper substitutes and alternative sources. it means prices will go up, it means some products might be less effective and some production right be delayed. 50 some production right be delayed-— some production right be dela ed. ., , delayed. so this sort of poses a bit of an _ delayed. so this sort of poses a bit of an existential- delayed. so this sort of poses a bit of an existential thread i a bit of an existential thread for western industry... finding a place — for western industry... finding a place for— for western industry... finding a place for the material can be sourced — a place for the material can be sourced reasonably. but a place for the material can be sourced reasonably.— sourced reasonably. but in a broader sense _ sourced reasonably. but in a broader sense this _ sourced reasonably. but in a i broader sense this threatened the overall narrative of

globalisation, the idea that international markets will be able to deliver what you need when you need it at the price that you need. derisking is what western governors like to call it, being less plan on china, but this escalating to for tap between the world's superpowers, that has got people worried about the weapon eyes and a materials that you hold, the technologies that you have. a lot of people that think that is would have global consequences also for the help of the planet and that is because a lot of crucial green technologies rely on these so—called critical materials —— weaponizing materials. this so-called critical materials -- weaponizing materials. this is not a national _ weaponizing materials. this is not a national problem, - weaponizing materials. this is not a national problem, this i weaponizing materials. this isi not a national problem, this is a human— not a national problem, this is a human race problem, and hopefully policymakers can come to the _ hopefully policymakers can come to the table, secure access to the materials that are really essential for the energy transition, so we can start to

tackle — transition, so we can start to tackle some of the challenges around — tackle some of the challenges around it_ tackle some of the challenges around it decarbonisation. earlier, i spoke with anna ashton of political risk consultancy firm eurasia group, who explained the impact of restriction on supply chains. these two particular minerals are not the most widely used, they are not the ones that the united states and other countries are the muster line on china for, they're not the hardest to get, so i think it is important to keep in mind that if china had put these sorts of restrictions on refined lithium or cobalt or something like that, it would be much more impactful than gallium and germanium. so china has intentionally selected ones that it can use to send a signal. they are clearly important to the semiconductor industry, but they are fungible, they can be swapped out for other things in instances, they are supplied by other places. so it is not going to create a crisis for

the industry. that is an ashton there. speaking of restrictions, china has slapped export controls on certain drone—related equipment, like engines, lasers and anti—drone systems. the new restrictions will kick in next month. the controls could affect some consumers. china is home to a big drone manufacturing industry that exports to multiple countries like the us. beijing said the new move will safeguard national security and interests, after criticism that its drones were used in the ukraine war. meanwhile, beijing has unveiled new measures to boost consumption in the world's second largest economy, targeting areas like real estate and the auto sector. this is as the latest manufacturing data in the country slumped for the fourth month in a row injuly. china's economy is showing signs of slowing, as demand weakens at home and abroad. earlier, i spoke with louise loo of independent advisory firm oxford economics, and she gave us her take on beijing's latest measures.

we were very much hoping it would move from policy guidance to policy implementation. beverly was not the case. we are seeing a lot more of rehashing what has been said that last week. so i don't think there's anything new in there. it does suggest to us that the government is moving towards this consumption led, driven stimulus, which frankly i think would be quite healthy, given where the witness is going into the second half of this year. going into the second half of this year-— this year. but they did not have any _ this year. but they did not have any sort _ this year. but they did not have any sort of— this year. but they did not have any sort of spending | this year. but they did not - have any sort of spending cuts orany have any sort of spending cuts or any sort of spending packages? are they being aggressive enough to get china's a comme back on track? i think ultimately the government and try to engineer towards a slower, healthier growth. and so gone are the days were receiving seamless packages. of course, these big step in this packages tend to have the impact of being able to boost confidence, so there is some scepticism over other

these kind of single drip policy would help lift consumer sentiment at all, but i do think the fact that the government is... the fact that the measures are targeted will help curb in q2. the measures are targeted will help curb in 02.— help curb in q2. consumer confidence, _ help curb in q2. consumer confidence, do _ help curb in q2. consumer confidence, do you - help curb in q2. consumer confidence, do you see - help curb in q2. consumer| confidence, do you see this changing?— confidence, do you see this chanauin? , . ., , changing? yes, certainly. one ofthe changing? yes, certainly. one of the surprises _ changing? yes, certainly. one of the surprises at _ changing? yes, certainly. one of the surprises at least - changing? yes, certainly. one of the surprises at least for i of the surprises at least for us is that there is a signal coming from authorities that the regular tour environment is reaching from sort of inflection point. authorities at these at the very high level are pledging the support to private enterprises, especially for the platform economy, which is not the signal we have got two or three years ago. i do think going forward the regulatory environment will be easier, which was early help lift private sentiment that much higher in the second half of this year. == much higher in the second half of this year-— of this year. -- which would certainly help. _ of this year. -- which would certainly help. that - of this year. -- which would certainly help. that is - of this year. -- which would | certainly help. that is louise loo.

elsewhere in the world, lebanon's central bank governor riad salameh has stepped down after 30 years. the 73—year—old leaves office facing a slew of criticism, including presiding over a financial crisis as well as corruption charges both at home and abroad. lebanon has failed to appoint an official successor to mr salameh, who has headed the central bank since 1993 and has worked for 12 prime ministers. an interim governor will take over in the meantime. india has released core industry output figures on monday. and while numbers touched a five—month high, the index of the country's industrial growth has slowed compared to last year. my colleague arunoday mukharji explains why. india's eight key industrial sectors have registered a growth of around 8% last month which is the highest since the start of this year, but if you compared it to last year, it is a drop from 13%. these sectors include areas like cement, steel, coal, electricity, along

a few, but if you talk about lecture city, it is the biggest contributor to the calculations when you're looking at india's output. demand has picked up in the last few months. in fact all the sectors have seen an uptick this around except for one the boruc is crude oil. that continues to witness stagnant growth. why? because when you speak to experts there is consensus global food present have been dropping, and in such a scenario, countries prefer the cheaper option. that is, to halt domestic production and rely more on imports. that is what india has done as well. so you continue to see negative growth in that territory. why are these industrial growth figures important? it is because these sectors contribute about 40% of india's industrial growth, a key barometer to india's economic growth as well.— growth as well. arunoday mukharji _ growth as well. arunoday mukharji there. _

well, from big oil to...big electric. exxon mobil is betting on an ev boom and is currently exploring getting into the lithium market. michelle fleury has more. lithium is a key ingredient in rechargeable batteries. against this backdrop, exxonmobil, the most powerful among the traditional energy companies, is considering getting into the lithium market to produce the electric vehicle battery metal. this is what darren woods, exxon's chairman and ceo, told investors during the company's recent earnings call. we're, i'd say, actively exploring that opportunity set and like what we're seeing so far. mr woods described lithium mining as a naturalfit for the company. extracting the lithium is very consistent with a lot of the things that we do in our refineries and chemical plants and, in fact, in some of our upstream operations. so that piece of the equation is, again, not new to the company. exxonmobil is rumoured to be in talks with tesla, ford motor, volkswagen and other auto—makers to supply lithium. that's according to a bloomberg report. lithium remains tiny compared

to the fossil fuel business that has powered profits for exxon and for the other oil majors for the past several decades. but their interest suggests big oil thinks it may get bigger in the future. and that's it for this edition of asia business report. iam i am monica miller. thanks for watching. bbc news — bringing you different stories from across the uk. it's 100 years since the first mg rolled out of morris garages in oxford. a century on, they're still drawing a crowd. the appeal, certainly when i was youngster, it was a sports car, it was a two—seater, and you could have fun with it. but a wet day could dampen all that. it's not a car at all for the rain. no, no, definitely, most definitely not. this is its first outing in the rain since completing its four—year restoration.

yeah, as i say, it's totally original and i've done all the work myself. archive: mg - - for 35 years, a magic for years, it was the ultimate boys toy, and so it remains today. i can understand the fascination, but i am a person who, so long as it gets me from a to b, i don't really care. the uppingham factory finally closed in 1980. it was devastating, wasn't it? absolutely devastating. but then look how many manufacturers are gone. and watch this — built in china. some purists will argue this isn't a true mg, but... at least it's keeping the mg alive and it's bringing new people into the mg car club. for more stories from across the uk, head to the bbc news website. hey, i'm dylan with the catch up.

tonight — more drilling for oil, stormzy�*s cambridge scholarships and a world record. but first, the prime minister says he's giving the green light for companies to explore and potentially drill for more oil and gas in the north sea, just off the uk. but environmental campaigners and other political parties say more drilling for fossil fuels, which contribute to pollution, is bad news for the country's climate and clean energy targets and doesn't listen to science. rishi sunak says more drilling will help to stop the uk relying on other countries for the fuel we use every day to fill our cars and heat our homes. some other stories now, and a woman in northumberland has warned others about the dangers of getting botox from non—medical practicioners after she said she couldn't open her eye for 16 weeks after getting botox from someone in their home. currently, cosmetic practitioners don't need to have any mandatory qualifications, even though some treatments require needles and can cause serious complications.

at the world cup, the moroccan defender nouhaila benzina has become the first player to wear a hijab at a world cup match. she made her debut in morocco's win against south korea. and stormzy has pledged to support 36 more black students in their three years of study at cambridge university. the stormzy scholarships were launched by the rapper five years ago. since then, cambridge uni say applications from black students have doubled, calling it the "stormzy effect". by 2026, 81 students will have received one. and finally, ten seconds where you might not want to look down. the three—time world slackline champion went the distance between two towers in qatar — walking along the rope at 185m in the air, setting a new world record. pretty daring, if you ask me. that's it. you're all caught up.

hello and welcome to sportsday. i'm tanya arnold. england clinch a dramatic win in the fifth and final ashes test at the oval. and who else to seal it? it had to be the departing stuart broad. to get the ball with a couple of wickets left and manage

to bowl at some left—handers, which has been one of my favourite things to do in my whole career, and to catch the edge a couple times was truly wonderful. england maintain their winning streak at the netball world championships, as scotland and wales lose against two of the favourites. australia avoid an upset to make the knockouts of the women's world cup in style, at the expense of the olympic champions. a classic ashes series had a hollywood ending — stuart broad, who announced on saturday his retirement from cricket, took the last two wickets in the final test match at the oval in london. it means the series is drawn 2—2, but australia retain the ashes. though broad will get the headlines, this was a team performance, asjoe wilson reports. stuart broad's celebrations may

well provide the defining image of this match and this series.