central bankers meet injackson hole wyoming with the focus on the future of what the that interest rates might look like. while some business districts are empty, one region has seen people return to the office more than most. hello and welcome to asia business report, i am monica millerfor the officials from central banks around the world are gathering at an annual three—day conference injackson hole wyoming in the united states. much of the focus will be on what federal reserve chairmanjerome be on what federal reserve chairman jerome powell be on what federal reserve chairmanjerome powell says chairman jerome powell says when chairmanjerome powell says when he delivers his speech on friday. investors will be looking for signs the us central bank is nearing the end of its push to raise interest rates which are at their highest level in 16 years. by

making borrowing more expensive, the fed has been able to try to tame inflation but if they go too far, the us economy could slow down too much. the chief us economist at tivo press told me her expectations on the interest rates. . ., ., rates. the final inflation has been the — rates. the final inflation has been the defining _ rates. the final inflation has been the defining moment l rates. the final inflation has | been the defining moment in jerome powell's post pandemic helm at the fed. what i would be looking for is, given the recent progress in the data where core inflation in the us has fallen significantly from the highs of 2022, willjerome powell be ready to declare victory and recognise the progress that has been made so far? and in this way indicate to financial markets that we are quite close to the end of the tightening cycle. my own

expectation is he will not be ready to do that yet because there are still some uncertainty when we are now in the final mile of bringing inflation from over 3% to 2% which is the fed's actual inflation target. i think he will be ready to say they remain data dependent well saying some progress has been done so far. the other thing i am looking for is how will jerome powell define data dependency? what will be the milestone he will be looking at right now as they make the decision about the last few hikes of this tightening cycle? the chip designer nvidia said it will buy back $25 billion more of its shares, saying it stop flying after hours trading for the company that hit 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 of the world �*s artificial intelligence apps, seeing the man saw with the rise in aa. staying with results, the southeast internet company says it will be profitable earlier than expected. it says recent layoffs have reduced costs while strong for food delivery and ride healing services are helping to drive revenue. it shares listed in the united states soughtjumping nearly 8% before the bell. it was a milestone for india as its moon mission became the first to land near the lunar south pole. with this, india joins an elite club countries to achieve a soft landing on the moon after the us, the former soviet union and china. what does this mean for the country space industry? it was a huge moment of jubilation and pride as india created history. making a soft landing on a less explored and trickier lunar south pole,

india has established its technical capabilities and tenacity in achieving difficult missions. i tenacity in achieving difficult missions. ~ , ., tenacity in achieving difficult mission— missions. i think is a very important _ missions. i think is a very important it _ missions. i think is a very important it is _ missions. i think is a very important it is a - missions. i think is a very | important it is a milestone missions. i think is a very . important it is a milestone in speyside because it will be the stepping stone for many future missions. the young people of today will have a base from which they can proceed further. the success of this mission is also seen india's ambition to become a major space power. an anticipation is building up for the upcoming missions like the one to study the sun and the country �*s maiden human space flight programme which are weighted in the next few months for them globally, 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. in 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 an ambitious yet frugal aerospace programmes were expensed just a fraction of what the united states and china spend on space research. that is why many around the world consider the success of this lunar mission a big achievement. it was a milestone, sorry, wejust said that story. moving on now to the australian airline qantas which has posted a record profit this year. begin evading is forecast to have international flights back to its pre— covid levels by the middle half of next year. as part of its quarterly results, the company said it would also be ordering 25 wide aircraft as part of its fleet extension. the airline has been extensively criticised over cancelled flights, lost luggage, long call centre

delays and difficulty in getting flight refunds. by 2024, four billion people are expected to be travelling by air every year. industry experts say more technology is needed to keep up with that travel demand. told me about the benefits of using technology.- the benefits of using technolo: . , , technology. the first being the passenger _ technology. the first being the passenger processing. - technology. the first being the passenger processing. i - technology. the first being the j passenger processing. i mean, the passenger experience. this includes looking at technologies such as biometrics, self—service automation, basically enabling the seamless passengerjourney. and giving the passenger more enhanced experience. the second key area where we see this technology helping is to focusing on the operation. looking at the artificial intelligence, machine learning technologies, looking at the airport management and

destruction management. it will help maybe to address better efficiencies and more calibration between the beams and also address the staff shortage challenges. tell us about al, — shortage challenges. tell us about al, what _ shortage challenges. tell us about al, what impact - shortage challenges. tell us about al, what impact will l shortage challenges. tell us i about al, what impact will this have on the travel industry? we offer have on the travel industry? - offer industries, the machine learning solution that analyses aircraft data and whether to optimise the fuel and flypast. what it does is for every individual aircraft, what it does is for every individualaircraft, it what it does is for every individual aircraft, it is different for the uses artificial intelligence and machine learning to tell the pilots what speed, what angle they should take off and basically that helps to save almost 5% in terms of your costs and not only that, it also helps reduce carbon emissions.— also helps reduce carbon emissions. , ~ emissions. this weekend the bbc, we have _ emissions. this weekend the bbc, we have been - emissions. this weekend the bbc, we have been looking l emissions. this weekend the | bbc, we have been looking at the future of working spaces around the world. yesterday we brought you a story of how new york offers vacancy rates have

hit a 30 year high. it is a very different picture in asia where people have been returning to the office, seeing city centres boom once again. the story from singapore. in singapore, lunch hour is the real rush hour. this is a far cry from even a year ago. a, real rush hour. this is a far cry from even a year ago. a lot busier. lines _ cry from even a year ago. a lot busier. lines are _ cry from even a year ago. a lot busier. lines are really - cry from even a year ago. a lot busier. lines are really long. i busier. lines are really long. changed completely. during covid, — changed completely. during covid, used to be a ghost town. nobody— covid, used to be a ghost town. nobody used to be there. now as things— nobody used to be there. now as things opening up, it is pretty much — things opening up, it is pretty much back to normal.- much back to normal. easy, cheap commuting _ much back to normal. easy, cheap commuting and - much back to normal. easy, i cheap commuting and business culture that values face time have spurred the come back. while many in western countries are still embracing the charity work from home, singapore has not been as keen.— not been as keen. living spaces are much _ not been as keen. living spaces are much smaller— not been as keen. living spaces are much smaller and _ are much smaller and culturally, there is a tendency to live a multigenerational family homes. if you are not

married, you're probably living at home with your parents. as a working professional, you are probably preferring to spend more time in the office as opposed to constantly being home around your family. that is just natural. home around your family. that isjust natural.— isjust natural. asia has some ofthe isjust natural. asia has some of the world _ isjust natural. asia has some of the world 's _ isjust natural. asia has some of the world 's longest - isjust natural. asia has some of the world 's longest and i of the world �*s longest and strictest pandemic rules for the city centres like singapore's were unusually quiet until not that long ago. that is all in the past now. you have to look around. people are back in the city, back in the office. the central business district is the place to be. if you own commercial property, it is boom time. around the corner, i'm lazy developer is building this. 64 floors of prime office real estate. 11 of which will reportedly go to amazon. fully sheltered. _ reportedly go to amazon. fully sheltered, of _ reportedly go to amazon. fully sheltered, of an _ reportedly go to amazon. filly sheltered, of an underground. there has been no issues getting companies to move in. not only are a 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. we compared to places such as hong kong and china.— kong and china. we do see if there are _ kong and china. we do see if there are more _ kong and china. we do see if there are more confidence, l kong and china. we do see if - there are more confidence, more pickups, more enquiries coming in. , ~ ., pickups, more enquiries coming in. , ., , in. only 696 of officers here are currently _ in. only 696 of officers here are currently vacant. - in. only 696 of officers here are currently vacant. in - are currently vacant. in london, it is nearly double that. in new york, it is 22%. there, the future of the working space is in doubt. here, the pull of the city centre is as strong as ever. nick marsh, bbc news singapore. briefly before we go, the plane of boeing has identified new problems that may delay deliveries of the 737 max aircraft this year. the company said one of the bulkheads from the supplier has and probably drilled holes but do not expect an impact on the safety of flights. that's all we have to you and asia business report. i am monica miller, goodbye for

now. bbc news, bringing you different stories from across the uk. with these committees and these, there are more options than ever to peddle around the capital. london's original bike hire scheme was launched by former mayor boris johnson in 2010 but the numbers using forest bikes were not what they are. figures between january and july were down by a third on the same period last year. at their lowest for a decade. some believe it is the price. last september, they changed the annual subscription and fee for single journeys. i used to have to make agendas for the cost of £50. i want to hire back and that it is £1 65 perjourney. hire back and that it is £1 65 perjourney-_ hire back and that it is £1 65 perjourney. per “ourney. another point to the perjourney. another point to the price _ perjourney. another point to the price of— perjourney. another point to the price of five _ perjourney. another point to the price of five hire - perjourney. another point to the price of five hire bikes. . the price of five hire bikes. using —— recent usage is the

competition. there are now performing dockers hire bikes. and ease and comfort is key. don't have my own bike anymore because it got sold so many times. .,, because it got sold so many times. , ~ , because it got sold so many times. ., , times. those bikes are heavy. in times. those bikes are heavy. in response. _ times. those bikes are heavy. in response, tfl _ times. those bikes are heavy. in response, tfl said - times. those bikes are heavy. in response, tfl said it - times. those bikes are heavy. in response, tfl said it is - in response, tfl said it is working to make cycling more accessible and increasing the number of the bikes in the scheme. number of the bikes in the scheme-— number of the bikes in the scheme. ., ., , ., scheme. for more stories from across the _ scheme. for more stories from across the uk. _ scheme. for more stories from across the uk, head _ scheme. for more stories from across the uk, head to - scheme. for more stories from across the uk, head to the - scheme. for more stories fromj across the uk, head to the bbc news _ across the uk, head to the bbc news website. tonight, inside the dramatic cable car rescue of pakistan. indian 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 crashed near my scalp. yevgeny prigozhin is head of the wagner

mercenary group. part of key attacks on russian immigrant. he angered vladimir putin. you can get the latest on the bbc news website and out. dramatic new footage of the stranded pakistan cable car. rescuers set up a drone after rope snapped, leaving passengers dangling near 300 metres above a river. luckily, everyone was safely rescued. some other stories now for makes history, lending the first craft the south pole of the moon. it is a really difficult area to land impetus despite failed attempt in 2019, and a russian crash at the weekend, india's project successfully touched down. controversial posters promoting and only fans model have been cleared by regulators when billboards of eliza rose watson went up around london. some say they were inappropriate but the

end is advertising standards authority said the picture was not overtly sexual and did not objectify women. time now for ten seconds of the big dipper. you might recognise this familiar site from blackpool pleasure beach. celebrating turning 100 years old. 0ne pleasure beach. celebrating turning 100 years old. one of the oldest wooden rollercoasters in the world. you are all caught up now. see you later.

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 medallist 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 0wen farrell on the suspended list with england's rugby world cup plans in disarray. hello and thanks for

joining us on sportsday. we start at the world athletics championship in budapest,