central bankers meet injackson hole wyoming in the united states with a focus on what the future will hold for the interest rate policy. business districts are empty. one region has seen people return to the office. hello, welcome to asia business report. i'm monica miller. officials from central banks around the world are gathering at an annual three day conference in wyoming. the focus will be on what federal chairman says when he delivers his speech on friday. investors will be looking for signs that the us central bank is nearing the us central bank is nearing the end of its push to raise interest rates which are at the highest level in 16 years by

making borrowing more expensive. they've been trying to bring down inflation. if it goes too far, the us economy could slow down. the chief us economist, she told me her expectations on the interest rates. ., ., , rates. inflation has been the definin: rates. inflation has been the defining moment _ rates. inflation has been the defining moment post - rates. inflation has been the - defining moment post pandemic, and i think what i will be looking for is, given the recent progress and the data where core inflation here in the us has fallen significantly from the highs of 2022, will powell be ready to declare victory and recognise the progress that has been made so far, and in this may indicate to financial markets that we are quite close to the end of the tightening cycle. my own expectation is that he will not be ready to do that yet because

there is still some uncertainty where we are now in the final mile of bringing inflation from over 3% to 2%, which is the actual inflation target. so i think he will be ready to say that they remain data dependent while saying some progress has been done so far. and other thing that i am looking for is how will powell define data dependency? what will be the milestone that he will be looking right now as they make a decision about the last few hikes of this tightening cycle. that chip designer says it will buy back $25 billion more of its shares, saying its stock flying in various trading. the company which had more than $1 trillion in value earlier this year also forecast revenue in the current quarter higher than expected. it's chips power nearly all the worlds major artificial intelligence apps,

demand soared during the rise of ai. now, staying with results, the southeast asian internet company says it will be profiting earlier than expected. it says that recent lay—offs have helped reduce cost while strong demand for food delivery and ride hailing services is helping to drive revenue. its shares listed in the united states jump revenue. its shares listed in the united statesjump to nearly 8% before the bell. it's a milestone for india as its moon mission became the first to land near the lunar south pole. itjoins an elite club of countries to achieve a soft landing after the us, the former soviet union and china. so what does this mean that's space industry? it so what does this mean that's space industry?— space industry? it was a huge moment of— space industry? it was a huge moment ofjubilation - space industry? it was a huge moment ofjubilation and - space industry? it was a huge l moment ofjubilation and pride as india created history. making a soft landing unless explored and trickier lunar south pole, india has

established its technical capabilities and tenacity in achieving difficult missions. i think it's a very, very important achievement. it is a milestone _ important achievement. it is a milestone because this is going to be _ milestone because this is going to be the — milestone because this is going to be the stepping stone for many— to be the stepping stone for many future missions. the young people _ many future missions. the young pe0ple of— many future missions. the young people of today will have a base — people of today will have a base from which they can proceed _ base from which they can proceed further. of base from which they can proceed further.- base from which they can roceed further. , . . , , proceed further. of the success of this mission _ proceed further. of the success of this mission has _ proceed further. of the success of this mission has also - proceed further. of the success of this mission has also sealed| of this mission has also sealed india's ambition to become a major space power. anticipation is building up like the study of the sun and human space flight programme which are weighted in the next few months. globally also the space economy and space industry is seeing an exponential rise with more demand for data from satellite imaging, navigation and now even space tourism picking up injust the last and now even space tourism picking up in just the last ten years, more than $272 billion have been raised in private equity money by space companies around the world. india is now hoping to get a bigger chunk of

this money now that the government has opened up the space sectorfor government has opened up the space sector for private participation. india's space industry has often been credited for its ambitious yet frugal aerospace programmes where it spendsjust frugal aerospace programmes where it spends just a fraction of what the united states and china spend on space research. that's why many around the world consider the success of this lunar mission a big achievement. bi; this lunar mission a big achievement. by 2024, it is expected — achievement. by 2024, it is expected that _ achievement. by 2024, it is expected that 4 _ achievement. by 2024, it is expected that 4 billion - achievement. by 2024, it is i expected that 4 billion people will be travelling by air every year. that's far exceeding pre—covert levels and earlier than expected. now, some industry experts say that the aviation industry will have to use more cutting edge technology to keep up with that kind of demand, and to be efficient, profitable and even sustainable. the president of a company providing technology and communication services to airlines and airports told me that travellers and airlines benefit from using better technology.

benefit from using better technology-— benefit from using better technology. benefit from using better technolo: . , , technology. the first being the passenger _ technology. the first being the passenger processing. - technology. the first being the passenger processing. the - passenger processing. the passenger processing. the passenger experience. this includes _ passenger experience. this includes looking at technologies such as biometrics, self—service, automation, basically a seamless passengerjourney, and seamless passenger journey, and getting _ seamless passenger journey, and getting a — seamless passengerjourney, and getting a passenger in the public— getting a passenger in the public sphere. we are where we see this — public sphere. we are where we see this technology helping and focusing — see this technology helping and focusing on the operation. so looking — focusing on the operation. so looking at the business intelligence, the artificial intelligence, the artificial intelligence, machine learning technologies, looking at the airport— technologies, looking at the airport management, this will help— airport management, this will help to — airport management, this will help to address better efficiencies and more collaboration between the teams and also — collaboration between the teams and also address the staff shortage challenges. tell and also address the staff shortage challenges. tell us a little bit about _ shortage challenges. tell us a little bit about al. _ shortage challenges. tell us a little bit about al. what - little bit about al. what impact will this have on the travel industry?— travel industry? two areas where we _ travel industry? two areas where we see _ travel industry? two areas where we see this - travel industry? two areas where we see this where l travel industry? two areas i where we see this where this travel industry? two areas - where we see this where this is making — where we see this where this is making a — where we see this where this is making a very big and positive difference, machine learning

solutions, basically that analyses the aircraft data and whether— analyses the aircraft data and whether to optimise the fuel and flight path. so what it does _ and flight path. so what it does is _ and flight path. so what it does is that for every individual, every aircraft is different. it eases the end artificial intelligence learning to tell the pilots that— learning to tell the pilots that web speed, what angle they should _ that web speed, what angle they should take off and basically that helps to save almost 5% in terms — that helps to save almost 5% in terms of — that helps to save almost 5% in terms of the fuel cost, not on the document it also helps reduce _ the document it also helps reduce the carbon emission. the other— reduce the carbon emission. the other area — reduce the carbon emission. the other area which i can talk about— other area which i can talk about is— other area which i can talk about is using machine learning and the — about is using machine learning and the other technologies like ai, and the other technologies like at, we — and the other technologies like ai, we have a solution which helps — ai, we have a solution which helps unites the last property from — helps unites the last property from the _ helps unites the last property from the passenger. this helps to solve — from the passenger. this helps to solve this and at the end of the day, — to solve this and at the end of the day, happy passenger helper uniting _ the day, happy passenger helper uniting with their last property. uniting with their last preperty-_ uniting with their last property. uniting with their last --roe . , ~ ., �* �* property. this week on the bbc, we have been — property. this week on the bbc, we have been looking _ property. this week on the bbc, we have been looking at - property. this week on the bbc, we have been looking at the - we have been looking at the future of working spaces around

the world. yesterday we brought you a story from new york where office vacancy rates have hit a 30 year high. it is a very different picture here in asia where people have been returning to the office ian masse seen seen city centres boom. nick marshall parts. in singapore, lunch hour is the real rush hour. this is a far cry from even just a year ago. the lines are really, really long. and now as things are opening up, i mean, now it is pretty much back to normal. easy, cheap commuting and business culture that values you face time has spread the office come back while many in western countries are still embracing the chance to work from home, singaporeans haven't been asking. bud from home, singaporeans haven't been asking-— been asking. and living spaces are much smaller— been asking. and living spaces are much smaller and - been asking. and living spaces are much smaller and also - are much smaller and also culturally there is a tendency

to live in multi—generational family homes. so if you are not married, you're probably living at home with your parents. as a working professional, you would probably prefer to spend more time in the office as opposed to constantly being home around your family. to constantly being home around yourfamily. that to constantly being home around your family. that is just natural. your family. that is 'ust naturali your family. that is 'ust natural. ., ., natural. age i had some of the worlds longest _ natural. age i had some of the worlds longest and _ natural. age i had some of the worlds longest and strictest i worlds longest and strictest pandemic rails, and city centres, like singapore's, where unusually quiet until not that long ago. that's all in the past now. you'vejust that long ago. that's all in the past now. you've just got to look around. people are back in the city, back in the office, the central business district is the place to be. and if you own commercial property, it is boom time. around the corner, malaysian developer is building this. 64 floors of prime office real estate. 11 of which will reportedly go to amazon. there has been no issues getting

companies to move in. not on the flood of chinese and us tech firms coming to singapore, banks and financial companies also see it as a stable base in asia, especially compared to places such as hong kong and china. ~ ., , ., , china. we do see that there is more confidence, _ china. we do see that there is more confidence, more - china. we do see that there is i more confidence, more take-up, more confidence, more take—up, more confidence, more take—up, more inquiries coming in. emir; more inquiries coming in. only 696 of offices — more inquiries coming in. only 696 of offices here _ more inquiries coming in. only 696 of offices here are - 6% of offices here are currently vacant. in london, it is nearly double that. in new york, it is 22%. they are, the future of the working space is in doubt. the pull of the city centre is as strong as ever. nick marsh, bbc news. and that is it for this edition of asia business report. i am monica miller. thank you for watching the programme.

bbc news — bringing you different stories from across the uk. with these, these and these, there are more options than ever to pedal around the capital. london's original bike hire scheme was launched by former mayor borisjohnson in 2010, but the numbers using so called "boris bikes" are not what they were. figures suggestjourneys made between january and july were down by a third on the same period last year and are at their lowest for a decade. and some believe it's the price. last september, tfl changed the annual subscription and the fee for single journeys. i would usually have fourjourneys for the cost of £2.50 per a journey. i went to hire a bike and found it was 1.65 perjourney. others point to the rise of rival hire bikes. reducing usage of the santander scheme is the competition from all the doctors hire bikes. there are now four main doctors hire

among these riders, though ease and comfort is key. i actually don't have my own bike any more because it got stolen so many times. those bikes are heavy. in response, tfl said it's working to make cycling more accessible and is increasing the number of e—bikes in the scheme. for more stories from across the uk, hey, i'm zof with the catch up. tonight... inside the dramatic cable car rescue in pakistan, india lands on the moon and a british icon turns 100. but first, the leader of a group of soldiers for hire who fight for russia in ukraine, is listed as a passenger on a plane that's crashed near moscow. yevgeny prigozhin is head of the wagner mercenary group. his private army have been key parts of russia's attacks in ukraine. he briefly turned on

russia injune, though, angering vladimir putin. you can get all the latest on the bbc news website and app. dramatic new footage of the stranded pakistan cable car now. rescuers sent up a drone after ropes snapped, leaving passengers dangling nearly 300 meters above a river. luckily everyone was safely rescued. some other stories now... india makes history, landing the first craft near the south pole of the moon. it's a really difficult area to land in, but despite a failed attempt in 2019 and a russian crash at the weekend, india's project successfully touched down. controversial posters promoting an only fans model have been cleared by regulators. when billboards of eliza rose watson went up around london, some said they were inappropriate. but the advertising standards authority said the picture was not overtly sexual and did not objectify women. you might recognise this familiar site from blackpool�*s pleasure beach. it's celebrating turning

100 years old, it's one of the oldest wooden rollercoasters in the world. you might recognise this familiar site from blackpool�*s pleasure beach. it's celebrating turning 100 years old, it's one of the oldest wooden rollercoasters in the world. you're all caught up now — see ya!

hello i'm marc edwards, welcome to sportsday. here's what weve got coming up on our show. kerr the conqueror, the british olympic bronze medalist takes gold at the world championships. bernardo silva stays at city stopping the summer of speculation, the portuguese playmaker signs until 2026. billy banned — vunipola joins owen farrell on the suspensed list with england's rugby world cup plans in disarray.. hello and thanks

forjoining us on sportsday. we start at the world athletics