welcome to asia business report. we begin in australia. 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 rival woodside energy last week managed to reach a deal on conditions, and shell did last year as well. 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 1990s, 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 not solved soon, 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 concerned, we seeing hopefully 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've 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? between the area... if you're looking at annual rate, you're at 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 evergrande falling sharply since they started trading on monday. another giant developer country gardenis also slated to meet offshore bond 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

to explain what's next for the company. country garden at this point has not come out with a restructuring plan for the offshore debt. 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 was 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 defaulted, it's complicated, takes a long time.

toyota will resume operations after a fault stopped operations. the company is investigating the cause of the glitch which stopped production but they confirmed it was not a cyber attack. shares in tesla rose 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 nvidia chips. 0n the same day the company has faced tough questions from the us auto safety regulator over a 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. the edinburgh fringe festival returned to the scottish capital this month. it has become a world leading celebration of arts and culture, but what about a showcase for technology? our colleagues from bbc click went along to look at the festival shows that allow the audience to take control of what is happening. this year, i am properly getting involved. waita minute... don't think i'll be doing that. yes, and i'll 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 performers. 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. 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 used to 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. and what a show it is. it's a tech—tastic pop—up bingo hall come virtual arts class to giant multiplayer crazy frog rock concert game show, got it? me neither. it is an excuse for us to show off our robotics that we have made in our living room. it's a series of useless inventions we've created from various pieces we found around the house. this is an old bit of shelving,

a football that was kicked kicked into our garden, and a bag for life we cut up and stuck on. other bits have been built by a 3d printer, then broken, as it's crashed into the floor by the audience, and glued together backstage before every show. the hand may have snapped a little... almost 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. that is the peter sutton patent—pending circle accuracy algorithm. 0n the whole, it does an ok job of detecting whether an audience member has drawn a circle, and it gives it a percentage rank. and it gets it wrong a lot of the time. no, it doesn't! and they are controlling everything that happens from their guitar keyboard contraptions and spectacular smart—shirts live on stage. these are just the most

advanced powerpoint clickers available on the market that we had to custom make. we have next scene, previous scene, kettle drum, snare drum, synthesiser. .. ship foghorn, small ship foghorn, medium ship foghorn. i think after all that, i'm going to have to have a lie down. just as well, as i'm attending a sleep study. thank you for participating in our study. chicago—based troupe 0ctober brian are performing a quirky comedy show, debuting their new sleep to sketch technology. this will be the first experience... 0ne volunteer. and tonight by sheer chance, i'm the chosen one. engage the cube! obviously this 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. we wanted to see how we could invent a sort of technology that people aren't yet scared of, and now make them scared. very scared! disengage! thank you for watching. 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 what 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 for four journeys at £2.50 perjourney. 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 dockless 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. for more stores across the uk, 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 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.

unipoll 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 2 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.