welcome to asia business report. a planned strike by workers at two massive offshore gas plants run by 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. workers at rivals managed to reach a deal on conditions in a couple of hours, we'll be getting the latest reading on the country's consumer prices in the month ofjuly. 2—3% is the target. australia managed to achieve that from the 19905 but since the pandemic it has seen inflation rise 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 issues are resolved, they will have a big impact. you've got 500 workers, two major plants and they produce around 5% of global supply. it's a major impact and certainly asia would be... ..would 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 saw recently. what will be the impact on the central bank? as far as central bank's are concerned, we seeing hopefully with retail sales fairly strong. if that's not a bad point, normally a good point but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise.

but we got to wait to see how that number drops. it's coming out in a few hours. the target is 2—3%. what range are you expecting the number to come in? if you're looking at annual rate, you're looking a 5.2 forjuly, down from 5.4 injune. that's year—on—year. i'm thinking maybe low twos would be a great number, mid twos. we've got to see how that drops. it's very much in the number. aside from inflation wage demands, the economy itself has been quite resilient. recovering from the pandemic, and despite some trade tensions with china. absolutely. the economy is doing quite well. not a bad stock market, considering the first eight months. growth is fairly strong and we've got good retail sales and the overall consumption

is up, so we've got to see as far as inflation data and of course economic health leading into christmas. let's take a look at china's property sector. we've been telling you about shares in evergreen falling sharply since they started trading on monday. another giant developer is also slated to meet offshore holders this week basically to iron out terms which could be the start of a major restructuring of its debt and the company's assets. the company has developments across china as far as malaysia. there were fears its debt crisis could pose a systemic risk to china's financial system. i spoke to someone from restructuring debt in hong kong to explain what's next for country garden. country garden at this point has not come out with a restructuring plan for the offshore debt.

he what it's done so far is ask for an extension for one instrument onshore that is 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's supposed to pay 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 default of offshore bonds, that will begin the process of the company having to go through a large onshore—offshore restructuring. as we've seen so far with the 53 other chinese developers that have developed, it's complicated, takes a long time.

company is investigating the cause which stopped production but they confirmed it was not the cause of a cyber attack. we went along to the edinburgh fringe festival to see shows which allow the audience to take control of what is happening. this year i am probably getting involved. wait a minute... don't think i'll be doing that. yes, and i leave this one to the professionals. instead i'm seeing something much more on my level. robo— bingo, the

interactive brainchild of two it consultants turned live stage performance. it's a smartphone powered comedy act which involves a lot of moving parts. literally. and quite the set up. set up the main projector first. set up. set up the main projectorfirst. first set up. set up the main projector first. first thing set up. set up the main projectorfirst. first thing i got to do is connect to the wi—fi. which they have to install each night and powers the whole thing. we install each night and powers the whole thing.— the whole thing. we used to build invoicing _ the whole thing. we used to build invoicing systems - the whole thing. we used to build invoicing systems for l build invoicing systems for small to medium enterprises in the midlands. and that was boring. so we stopped. and we took our skill set to this show. �* ., ., , ., , show. and what a show it is. it's a tech--tastic _ show. and what a show it is. it's a tech--tastic pop-up i it's a tech——tastic pop—up bingo hall come virtual arts class to giant multiplayer crazy prog rock concert game show, got it? me crazy prog rock concert game show. got it?— crazy prog rock concert game show, got it? me neither. it is an excuse _

show, got it? me neither. it is an excuse for— show, got it? me neither. it is an excuse for us _ show, got it? me neither. it is an excuse for us to _ show, got it? me neither. it is an excuse for us to show - show, got it? me neither. it is an excuse for us to show off . an excuse for us to show off our robotics that we have made in our living room. it’s our robotics that we have made in our living room.— in our living room. it's a series— in our living room. it's a series of— in our living room. it's a series of useless - in our living room. it's a - series of useless inventions we've — series of useless inventions we've created from various pieces— we've created from various pieces we found around the house _ pieces we found around the house. this is an old bit of sheltering, a football that was kicked — sheltering, a football that was kicked into our garden and a bag — kicked into our garden and a bag for— kicked into our garden and a bag for life that we cut up and stuck— bag for life that we cut up and stuck on _ bag for life that we cut up and stuck on. other bits have been built_ stuck on. other bits have been built by— stuck on. other bits have been built by the 3d printer and then— built by the 3d printer and then broken, as it is crashed into— then broken, as it is crashed into the _ then broken, as it is crashed into the floor by the audience, and glued together backstage before — and glued together backstage before every show. the and glued together backstage before every show.— and glued together backstage before every show. the hand may have snapped _ before every show. the hand may have snapped a — before every show. the hand may have snapped a little... _ before every show. the hand may have snapped a little... almost i have snapped a little... almost everything _ have snapped a little... almost everything in — have snapped a little... almost everything in the _ have snapped a little... almost everything in the show - have snapped a little... almost everything in the show is - have snapped a little... almost everything in the show is theirl 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 circle - limit. that is the peter sutton patent pending circle accuracy algorithm. 0n the whole it does an ok algorithm. 0n the whole it does an 0kjob of algorithm. 0n the whole it does an ok job of detecting whether an ok job of detecting whether an audience member has drawn a circle and it gives it a percentage rank. circle and it gives it a ”ercentae rank. �* , percentage rank. and it gets it wronu percentage rank. and it gets it wron: a

percentage rank. and it gets it wrong a lot — percentage rank. and it gets it wrong a lot of— percentage rank. and it gets it wrong a lot of the _ percentage rank. and it gets it wrong a lot of the time. - percentage rank. and it gets it wrong a lot of the time. no, . percentage rank. and it gets it wrong a lot of the time. no, it| wrong a lot of the time. no, it doesn't! and _ wrong a lot of the time. no, it doesn't! and they _ wrong a lot of the time. no, it doesn't! and they are - doesn't! and they are controlling everything that happens from their 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 clickers available on the market that we had to custom make. we have next scene, previous scene, snare drum, synthesiser... previous scene, snare drum, synthesiser. . .— synthesiser. .. ship foghorn, small ship — synthesiser. .. ship foghorn, small ship foghorn, - synthesiser... ship foghorn, - small ship foghorn, mediumship foghorn — small ship foghorn, mediumship foghorn l— small ship foghorn, mediumship fouhorn. ~ ., ., ., foghorn. i think after all that i'm foghorn. i think after all that m going — foghorn. i think after all that m going to _ foghorn. i think after all that i'm going to have _ foghorn. i think after all that i'm going to have to - foghorn. i think after all that i'm going to have to have . foghorn. i think after all that i'm going to have to have a i foghorn. i think after all that i i'm going to have to have a lie down. just as well, as i'm attending a sleep study. thank ou for attending a sleep study. thank you for participating _ attending a sleep study. thank you for participating in - attending a sleep study. thank you for participating in our - you for participating in our study. you for participating in our stud . ., you for participating in our stud. ., ., , study. chicago -based troupe october brian _ study. chicago -based troupe october brian are _ study. chicago -based troupe october brian are performing| study. chicago -based troupe | october brian are performing a 0ctober brian are performing a quirky comedy show, debuting their new sleek to sketch technology. their new sleek to sketch technology-— their new sleek to sketch technology. this will be the first experience... - technology. this will be the first experience... one - first experience... one volunteer. _ first experience... one volunteer. and - first experience... one volunteer. and tonight| first experience... one i volunteer. and tonight by first experience... 0ne

volunteer. and tonight by sheer chance, i'm the chosen one. engage the q! chance, i'm the chosen one. engage the 0!— chance, i'm the chosen one. engage the q! obviously this doesnt engage the q! obviously this doesn't work _ engage the q! obviously this doesn't work and _ engage the q! obviously this doesn't work and i'm - engage the q! obviously this doesn't work and i'm not - engage the q! obviously this l doesn't work and i'm not really falling asleep. but the show must go on. the cube technology is not quite ready to ship yet. but we have phones and other things where technology is omnipresent in our lives, and we are overreliant on it, and that's something we wanted to play with. irate that's something we wanted 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 sort _ play with. we wanted to see how we could invent a sort of - we could invent a sort of technology that people aren't yet scared of, and now make them — yet scared of, and now make them scared.— them scared. very scared! disengage! _ them scared. very scared! disengage! before - them scared. very scared! disengage! before waco, | them scared. very scared! | disengage! before waco, a them scared. very scared! - disengage! before waco, ajudge disengage! before waco, a 'udge in the united i disengage! before waco, a 'udge in the united states i disengage! before waco, a 'udge in the united states says h in the united states says burger king must defend itself legal action which accuses the chain of misleading customers over an advert on its whopper burgers. customers alleged that

the burgers are bigger in the adverts than they are. they wanted the case thrown out claiming it wasn't required to make food that looked exactly like the pictures. apple has signalled it might hold an event on september 12th, with many analysts expecting the company will unveil a new line of iphones and smart watches, which comes after the company reported a rare 2.5% fall in sales of its loans in the most recent quarter. that is it for the programme, thank you so much for watching. —— of its phones. 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 forged by boris

johnson in 2010. the numbers using so—called boris bikes are not who they were. figures suggest journeys between january and july were down by a third on the same period last year, and are at their lowest for a decade. some believe it's the price — in september tfl changed the annual subscription and the fee for single journeys. i would use it fourjourneys. i went to a bike and found it £1.65. 0thers point to the rise of rival bikes. reducing the scheme is the competition for the bikes. there are four main hire bikes. among these riders the 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. hey, i'm here with the catch up. you'll probably know lots of uk flights have been cancelled this week. a it was down to a data issue at 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 1,500 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 other 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 singer the weeknd. time now for ten 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'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 year's 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 that's 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 frenchwoman.

garcia lost 6—4, 6—1 to wang yafan.