will take a look at what the edinburgh french festival does for the scottish capital. —— fringe festival. welcome to asia business report. we began in australia because a planned strike by workers at two massive offshore gas plants they are run by a us major chevron highlight that even with a small dip in inflation wage pressures are not easing. unions are asking chevon to improve pay and conditions for the workers that rivals managed to reach a deal on conditions and shout last year as well. in and shout last year as well. in a couple of hours we will be getting the latest reading on the countries consumer prices in the month ofjuly. to which 3% is the target. australia managed to achieve that from the 19905 but since the pandemic it has seen inflation ri5e outside the target range ju5t ri5e outside the target range just like the rest of the

world. the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike i55ues maguire says if chevron strike issues are resolved they will have a big impact.— issues are resolved they will have a big impact. you've got 500 workers. _ have a big impact. you've got 500 workers, two _ have a big impact. you've got 500 workers, two major- have a big impact. you've got| 500 workers, two major plans and they produce around 5% of global supply. and they produce around 5% of globalsupply. it's and they produce around 5% of global supply. it's eight major impact and certainly asia would be... feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we start recently. what will be the impact on the central bank was back as far as central banks are concerned, we seeing hopefully with retail sales fairly strong. iii hopefully with retail sales fairly strong.— hopefully with retail sales fairly strong. if that's not a bad point. _ fairly strong. if that's not a bad point, normally- fairly strong. if that's not a bad point, normally a - fairly strong. if that's not a bad point, normally a good point but it could further inflation, we are expecting inflation, we are expecting inflation to come down. that could be a good sign next

tuesday with no rate rise so that we got to wait to see how that we got to wait to see how that number drops. it’s that we got to wait to see how that number drops. it's coming out in a few— that number drops. it's coming out in a few hours. _ that number drops. it's coming out in a few hours. the - that number drops. it's coming out in a few hours. the target l out in a few hours. the target is two to 3%. what rage are you expecting the number to come? between the area... if you're looking at annual you're looking at annual you're looking at annual you're looking a 5.2 forjuly down from 5.4 injune. that year on year. i'm thinking may be low two5 would be a great number, mid two5. we've got to see how that drops. it’s mid twos. we've got to see how that drew-— that drops. it's very much in the number. _ that drops. it's very much in the number. aside - that drops. it's very much in the number. aside from - the number. aside from inflation wage demands, the economy itself has been quite re5ilient. recovering from the pandemic and despite some trade tension5 pandemic and despite some trade tensions with china. ab5olutely. the economy is doing quite well. not a bad stock market considering the first eight months. great i5 first eight months. great is fairly strong for that we've got good retail sales and the overall consumption is opposite we've got to see as far as

inflation data and of course economic health leading into chri5tma5. economic health leading into christma— economic health leading into christmas. �*, ., ., christmas. let's take a look at china's preperty _ christmas. let's take a look at china's property sector. - christmas. let's take a look at china's property sector. we'vej china's property sector. we've been telling you about shares in evergreen falling 5harply since they started training to enact trading on monday. another giant developer country garden is also 5lated another giant developer country garden is also slated to meet offshore holders this week basically to iron out term5 basically to iron out terms which could be the start of a major restructuring of its debt and the companies assets. the company has developments acro55 company has developments across china as far as malaysia. there were fears its debt crisis could pose a systemic ri5k were fears its debt crisis could pose a systemic risk to china's financial system. hear from restructuring debt in hong kong for the p explain what's next for country garden. country garden at this point has not come out with a restructuring plan for the offshore debt. what it's done so far is 05car in extension for one instrument on sure that

is maturing early next month, i5 maturing early next month, 2nd of september. but offshore, this is what is probably being watched. it has a coupon that it was supposed to pay 20 million. �* , it was supposed to pay 20 million. �*, , , ., it was supposed to pay 20 million. 2, , ., million. it's supposed to pay earl in million. it's supposed to pay early in august. _ million. it's supposed to pay early in august. it _ million. it's supposed to pay early in august. it has - million. it's supposed to pay early in august. it has 30 i million. it's supposed to pay l early in august. it has 30 days to make that payment. it has a grace period. if it doesn't make that payment by mid next week it will be in the fall of offshore bonds, that will begin the process of the company having to go through a large onshore — offshore restructuring. a5 onshore — offshore restructuring. as we've seen so far with the 53 other charities develop error5 far with the 53 other charities develop errors that have developed, its obligated, takes a long time. developed, it's obligated, takes a long time.- developed, it's obligated, takes a long time. let's update ou with takes a long time. let's update you with other— takes a long time. let's update you with other business - takes a long time. let's update you with other business use - you with other business use making headlines this morning for the shares in tesla ro5e almost 8% in tuesday's trade after rumours circulated that the company may soon launch a

highly anticipated supercomputer. it would be used for various ai applications and be made using 10,000 for various ai applications and be made using10,000 a.m. video chips. 0n the same day the company has faced tough questions from the us auto safety regulator over a software change that allows driver5 software change that allows drivers of tesla self driving cars to keep their hands off the wheel far longer. authorities say this will increase the risk of collision. apple has signalled it will hold an event on the 12th of september with many analysts expecting to unveil a new line of iphone5 expecting to unveil a new line of iphones and smart watches. it comes after the company reported an unusual almost to a half percent fall in sales of its phone5 half percent fall in sales of its phones and the most recent quarter. in fact demand for 5martphone5 has fallen acro55 5martphone5 has fallen across the board as consumers have been tightening their purse strings. the edinburgh festival and friends returned to the streams and venues of the

scottish capital this month. it's become a world leading celebration of arts and culture. what about a showcase for technology? our colleagues from the bbc�*s click programme went along for a look at festival shows that allow the audience to take control of what's happening. thi5 5hare what's happening. thi5 share are properly getting involved. wait a minute. and are properly getting involved. waita minute. and i are properly getting involved. wait a minute. and i believe this once to the professionals. i'm off to see something much more on my level. robo bingo, the interactive brainchild of two it consultants turned live 5tage performers. it's a 5martphone comedy act which involves a lot of moving parts, literally. involves a lot of moving parts, literall . �* , , literally. and quite they set u -. literally. and quite they set u. set literally. and quite they set un- set up _ literally. and quite they set un- set up the _ literally. and quite they set up. set up the main - literally. and quite they set l up. set up the main projector

fir5t. up. set up the main pro'ector first. , �* ., ., . first. first i've got a connect to wi-fi _ first. first i've got a connect to wi-fi for— first. first i've got a connect to wi-fi for that _ first. first i've got a connect to wi-fi for that which - first. first i've got a connect to wi-fi for that which they| to wi—fi for that which they have to install each site and powers the whole thing. we used to build invoicing _ powers the whole thing. we used to build invoicing systems - powers the whole thing. we used to build invoicing systems for - to build invoicing systems for small to medium enterprises in the midlands. that was boring. so we stopped and we took our skill set to this show. find skill set to this show. and what i show _ skill set to this show. and what i show it _ skill set to this show. and what i show it is. - skill set to this show. and what i show it is. it's - skill set to this show. and what i show it is. it's a - skill set to this show. and | what i show it is. it's a tech plastic pop—up bingo hall, virtual arts class turned giant frog rock concert game show. got it? ' , got it? me neither. it is an excuse for— got it? me neither. it is an excuse for us _ got it? me neither. it is an excuse for us to _ got it? me neither. it is an excuse for us to show - got it? me neither. it is an excuse for us to show off l got it? me neither. it is an l excuse for us to show off our robotics that we have made in our living room. it's a series of useless inventions we created from various pieces that we found around the house. i think this is old shell for that— i think this is old shell for that of— i think this is old shell for that of a _ i think this is old shell for that of a kicked into her garden _ that of a kicked into her garden. and a bag for life is really— garden. and a bag for life is really cut— garden. and a bag for life is really cut up and stuck on. other—

really cut up and stuck on. other bits have been built by other bits have been built by the 0ther bits have been built by the 30— other bits have been built by the 3d printer. and then broken and crashed into the floor by the audience and glued to gather— the audience and glued to gather backstage before every show — gather backstage before every show. . . gather backstage before every show. ., ., ~ .,, show. the had a little. almost everything _ show. the had a little. almost everything in _ show. the had a little. almost everything in the _ show. the had a little. almost everything in the show - show. the had a little. almost everything in the show is - show. the had a little. almost everything in the show is theirj everything in the show is their own creation, including the artificial intelligence behind one hilarious round where your artistic skill is pushed to its limit. ., , ,, ., limit. that is the peter sutton atent limit. that is the peter sutton patent pending _ limit. that is the peter sutton patent pending circular - patent pending circular accuracy algorithm. but all in is an ok accuracy algorithm. but all in is an 0kjob accuracy algorithm. but all in is an ok job of protecting dues detecting whether or not he is member has drawn a circle and gives a percentage rate. and it gets a rumble every time. no, it doesn't. gets a rumble every time. no, it doesn't-— it doesn't. and they are controlling _ it doesn't. and they are controlling everything l it doesn't. and they are i controlling everything that happens from the guitar keyboard contraptions and keyboard contra ptions and spectacular smart keyboard contraptions and spectacular smart shirts live on stage. spectacular smart shirts live on stage-— on stage. these are 'ust the most advanced _ on stage. these are just the most advanced powerpoint. most advanced powerpoint clicker is available on the market that we custom made got

next scene, previous income a kick drum, snare drum, synthesiser, ship fog horn, small ship for the law, mediumship foghorn. i think after all that _ mediumship foghorn. i think after all that and _ mediumship foghorn. i think after all that and you - mediumship foghorn. i think after all that and you have . mediumship foghorn. i think| after all that and you have to have a lie down. just as well as i am attending a sleep study. thank you for participating in our study for the chicago—based are performing a quirky comedy show debuting their new sleep to sketch technology. this group will be the — sketch technology. this group will be the first _ sketch technology. this group will be the first to _ sketch technology. this group will be the first to experience | will be the first to experience the newest model.— the newest model. one volunteer. _ the newest model. one volunteer. tonight - the newest model. one volunteer. tonight by i the newest model. one - volunteer. tonight by sheer chance i am the chosen one. engage the q! chance i am the chosen one. engage the 0!— chance i am the chosen one. engage the q! obviously this does not work _ engage the q! obviously this does not work and _ engage the q! obviously this does not work and i'm - engage the q! obviously this does not work and i'm not i does not work and i'm not really falling asleep. but the show must go on!— really falling asleep. but the show must go on! perhaps the cube technology _ show must go on! perhaps the cube technology is _ show must go on! perhaps the cube technology is not - show must go on! perhaps the cube technology is not ready l show must go on! perhaps the | cube technology is not ready to ship yet. taste cube technology is not ready to shi et. ~ . cube technology is not ready to shi et. ., , ., cube technology is not ready to

shi et_ . ., , ., ., ship yet. we are phone, we have other things _ ship yet. we are phone, we have other things where _ ship yet. we are phone, we have other things where technology i other things where technology is omnipresent in our lives for the we — is omnipresent in our lives for the we are _ is omnipresent in our lives for the we are overly reliant on the — the we are overly reliant on the that's— the we are overly reliant on the that's something we want to play with — the that's something we want to play with. we the that's something we want to -la with. ~ ., ., , ., play with. we wanted to see how we could invent _ play with. we wanted to see how we could invent a _ play with. we wanted to see how we could invent a technology i we could invent a technology that people are yet scared of and now make them scared. it’s and now make them scared. it's very scary- _ and now make them scared. it's very scary- the _ and now make them scared. it's very scary. the engage the q! very scary. the engage the 0! that _ very scary. the engage the 0! that is— very scary. the engage the 0! that is it _ very scary. the engage the 0! that is it for this addition of asia business report. i will be back with newsday at the top of the hour. thank you for watching the programme. bbc news, bringing you different stories from across the uk. ~ , , the uk. with these, these entities there _ the uk. with these, these entities there are - the uk. with these, these entities there are more i the uk. with these, these i entities there are more options than ever to peddle around the capital. london's original bike high scheme was forged by boris johnson in 2010. the numbers

using so—called boris bikes are not who they were. figures suggest journeys not who they were. figures suggestjourneys bay between january and july were down by a third on the same period last year but are at their lowest for a decade. some believe it's the price our september tfa will change the annual subscription and the fee for single journeys. subscription and the fee for singlejourneys. i subscription and the fee for single journeys.— subscription and the fee for single journeys. single “ourneys. i would use it four single journeys. i would use it fourjourneys. _ single journeys. i would use it fourjourneys. i— single journeys. i would use it fourjourneys. i went - single journeys. i would use it fourjourneys. i went to i single journeys. i would use it fourjourneys. i went to a i single journeys. i would use itj fourjourneys. i went to a bike and _ fourjourneys. i went to a bike and found _ fourjourneys. i went to a bike and found it £1 65.— and found it £1 65. others oint and found it £1 65. others point to — and found it £1 65. others point to the _ and found it £1 65. others point to the rise - and found it £1 65. others point to the rise of - and found it £1 65. others point to the rise of rival . point to the rise of rival bikes. . , . bikes. reducing the scheme is the competition _ bikes. reducing the scheme is the competition for— bikes. reducing the scheme is the competition for the - bikes. reducing the scheme is the competition for the bikes. | the competition for the bikes. there are four main bikes. among these writers the ease and comfort is key. i among these writers the ease and comfort is key.— and comfort is key. i actually don't have — and comfort is key. i actually don't have my _ and comfort is key. i actually don't have my own _ and comfort is key. i actually don't have my own bike i and comfort is key. i actually i don't have my own bike any more 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. those bikes _ times. those bikes are heavy. those bikes are _ times. those bikes are heavy. those bikes are heavy. - times. those bikes are heavy. those bikes are heavy. in i those bikes are heavy. in response to fl said it's working to make cycling more accessible and is increasing the number of e bikes in the

scheme. for more stores across the uk and head to the bbc news website. hey, i'm here with the catch up. you'll probably know lots of uk flights have been cancelled this week. it was down to a data issue. air traffic control. it's fixed now, but the impact still continues. so what's actually happened so far as a result of the disruption? it's estimated that more than 25% of planned flights in and out of the uk were cancelled on monday. that's over 1500 journeys. heathrow saw the highest number of cancellations and thousands of passengers are stranded in airports overseas. it's being investigated by the civil aviation authority, but thankfully it wasn't a cyber attack. it's that time of year for those of you who are starting or going back to uni. but some students are having problems with finding

somewhere to live. unipolar have said student housing shortages are going to get worse in some cities, saying that the new purpose built rooms being created are decreasing, but student numbers are growing. and some of the stories now, i think it's safe to say this is the couple we've all been waiting for to get back together. maya, jama and stormzy appear to have rekindled their romance after four years apart as they are spotted holding hands on holiday together in greece. i am way too invested in this, but i do not care. next tv drama, the idol has been cancelled after one season. critics weren't impressed by the show starring lily—rose depp and sing the weekend. time now for 10 seconds of a very helpful and clever cat. a little boy dropped his mum's keys in a hole and neither of them could get them out. but their neighbour neighbour's cat pantera came to the rescue and got out of the hole. that is just amazing. you're caught up now. see you later.

hello and welcome to sportsday — i'm marc edwards. here's what's coming up... au revoir caroline — last years semi finalist caroline garcia knocked out by world number 114 wang yafan.

the spanish fa explores options to sack world cup—winning head coach jorge vilda as the fallout from the rubiales kiss continues. captain my captain — zachjohnson picks his wildcards for the upcoming ryder cup. hello and thanks for joining us on sportsday, only one place to start and thats at the us open in new york and there's been a shock result on day 3 at flushing meadows. 7th seed caroline garcia has been knocked out by china's world number 114 wang yafan. wang's consistent and meticulous game. a mere 11 errors in stark contrast to the 2022 semi finalists�*s frequent misfires—34 unforced errors for the frenchwomen. garcia is out 6—4 6—1 to wang yafan.