decision by the monetary policy decision by the us federal reserve, which is keeping rates unchanged. but not without leaving the door open to an increase, possibly before the end of the year. officials are feeling more optimistic about growth in the world's largest economy, but they are also saying that they expect rates to stay higher for a little longer. and this is how the wall street decided to the news. all the three major us stock indices retreated in the wake of the announcement. the bbc�*s correspondent has the latest from new york. the us federal reserve left interest rates steady between 5.25% and 5.5%, its highest level in over two decades, as it weighed up its next steps. now, officials at america's central bank signalled that they are prepared to hike one more time this year. they also don't expect to cut rates by as much next year as they have suggested perhaps in the past.

fed chairjerome powell explained why central bankers were moving towards holding rates higherfor longer. economic rates higher for longer. economic activity rates higherfor longer. economic activity has been stronger than we expected, stronger than we expected, stronger than we expected, stronger than i think everyone expected. and so what you're seeing is this is what people believe, as of now, will be appropriate to achieve what we're looking to achieve, which is progress toward our inflation goal. central bankers now project higher growth and lower unemployment for next year. if they're right, the us will have avoided a long—feared avoided a long—fea red recession. avoided a long—feared recession. the decision gives policy makers more time to assess whether they've done enough over the last 18 months to tame inflation. remember, the fed began lifting interest rates from near zero back in march 2022. central banks here in asia keep a close tab on the fed because us interest rates strongly influence exchange rates against the dollar. fred newman covers economies in asia extensively for the banking giant hsbc and he says that the impact of us monetary policy

and the rest —— on the rest of the world is not a primary ken for the fed. the world is not a primary ken for the fed-— for the fed. well, it's a little bit _ for the fed. well, it's a little bit our _ for the fed. well, it's a little bit our money, i for the fed. well, it's a i little bit our money, your problem, in the sense that the us economy is doing well and that, according to the chair of the federal reserve, powell, probably leads to higher interest rates for longer. now, the problem for asian central banks is that that leads to a stronger dollar and weaker local currencies and that's not always a welcome thing, because, of course, weaker local currencies increase imported inflation, leads to higher inflation and therefore, ties the hand of asian central bankers. they may want to be easing at some point in the next few quarters, because economic growth is slowing here, but they may not be able to and may have to defer those interest rate cuts because of higher us interest rates for longer. higher us interest rates for [on . er. , higher us interest rates for loner. , ., higher us interest rates for loner. , . ., , longer. there is a wide gap in interest rates _ longer. there is a wide gap in interest rates between - longer. there is a wide gap in interest rates between the i longer. there is a wide gap in l interest rates between the fed and, say, china and japan. how is that affecting monetary policy in these countries? well, in some sense, in

mainland china for example, we have seen very weak economic growth. the currency is reflecting that. but to some extent, there is still a case for monetary easing in mainland china. the interest rates should go lower. but because the currency is weakening, there's a bit of a hesitation to cut interest rates too fast, and that's sort of how the us dollar plays into this and how the federal reserve's decision constrains a little bit the chinese central bank's monetary policy decision, and you see a similar process injapan as well. they have already started to tighten monetary policy a little bit at the margin and that would have not been necessary if the federal reserve had not gone so aggressively over the last two years. aggressively over the last two ears. ., �* , ., years. now, let's turn our focus to — years. now, let's turn our focus to another - years. now, let's turn our focus to another key - years. now, let's turn our| focus to another key issue faced by the world's largest economy — that's, of course, the ongoing strike by us auto—workers that's affecting some of the country's largest car—makers. detroit's big three

auto—makers and the united auto workers remain far apart in labour negotiations. there's now less than 48 hours before the union's deadline to try to make some significant progress, else the strike is likely to escalate with new work stoppages. aside from pay, one of the main concerns of striking auto—workers in the us is the growth of electric vehicles, which they say could end up causing heavyjob losses. but currently, that's a field being led by china, whose dominance in critical materials and supply chains has allowed them to make high—tech affordable evs. so how did this happen? and how much should american auto—workers be thinking china? we went to a car dealership in singapore and filed this report. it's said that by the end of this decade, a third of all electric vehicles will be made by chinese manufacturers. now, this is a byd. they have just become the biggest

ev—makers in the world. and it's that kind of thing that's got european governments on edge. and it's also got striking american workers worried. the question, though, is should they be? unlike in the us, china's ev industry is a real mixed field. so you've got the traditional heavyweights, you've got the new kids on the block, you've got all the companies in between — these guys here, for example, have been around about 20 years. and at the beginning, there were some pretty generous, if short—lived, government subsidies, a healthy business environment, and a really car—hungry middle class that wanted to buy evs. that all combined to make a real ev start—up culture and all that competition has helped to drive new technology, and it's also helped to push the prices down. it stimulates more innovation, faster innovation, as well as a

continuous cost optimisation. it also creates a supply chain and it sparks consumers changing their minds and moving towards an ev.— towards an ev. now, i've come down one — towards an ev. now, i've come down one floor _ towards an ev. now, i've come down one floor and _ towards an ev. now, i've come down one floor and i've - towards an ev. now, i've come down one floor and i've found l down one floor and i've found the overseas competition. and question is whether american workers at places like ford should be worried about chinese electric vehicles. well, at the moment, the truth of the matter is that chinese evs barely make a dent in the us market. that's not to see it couldn't happen one day. now, the head of the body that represents the automotive industry in america likes to talk about the goldilocks zone. so if you force people to buy evs too fast, and us car—makers aren't ready, then americans are just going to buy cheap chinese ones. if you go too slowly, then you give china even more of a head start. so from their point of view, it's about getting the pace just right.

toshiba is a step closer to completing a $14 billion deal to become a private company. the electronics giant is now 78% owned by a consortium led by private equity firm japan industrial partners. jip�*s newly acquired stake is more than enough for it to be able to squeeze out the remaining shareholders. toshiba, which once symbolised japan's economic might, is now set to be delisted as early as december, ending it's 74—year history as a listed firm. all right. let's take a look at tourism in asia and the hot spot of thailand where the new government is eager to revive its tourism industry to help boost the economy. now, the land of smiles has been welcoming back many visitors from the region, except those from the region, except those from china. but last week, thailand decided to waive tourist visa requirements for arrivals from china for the next few months. and earlier on this, i spoke to a travel expert, hannah pearson, who told me she's not sure that such measures will be enough to

convince tourists from china to return. , ., ~ , return. the chinese market is very important _ return. the chinese market is very important for _ return. the chinese market is very important for thailand. | very important for thailand. you know, in 2019, chinese international arrivals accounted for almost 30% of total arrivals to thailand. right now it's at 12%. so to get that market back is really important. will the visa waiver scheme do that?— important. will the visa waiver scheme do that? you know, with the flagging _ scheme do that? you know, with the flagging chinese _ scheme do that? you know, with the flagging chinese economy, i the flagging chinese economy, do you feel that thailand should also be looking at other... sort of other countries as well? absolutely. i think the _ countries as well? absolutely. i think the indian _ countries as well? absolutely. i think the indian market - countries as well? absolutely. i think the indian market is . countries as well? absolutely. i think the indian market is a i i think the indian market is a really high—potential market for them and one that, again, the prime minister is talking about looking at how to incentivise indian travellers to come in. and in reality, you know, the south—east asian market, the neighbours, are always one of the biggest markets. right now, malaysia is the largest source market into thailand. the only thing there thatis thailand. the only thing there that is a little bit different is, of course, the spend. you know, when you have taxly these

cross—border tourism, you tend to find those travel patterns are a little bit different to those who are flying in internationally, the ones who are flying in tend to stay longer, therefore they're spending more when they're in the country itself.— the country itself. amazon has . iven the country itself. amazon has civen its the country itself. amazon has given its famous _ given its famous voice—assistance device alexa an upgrade with generative artificial intelligence. the plan is to attract more users to what has been an unprofitable product. after the update, alexa will converse more naturally and answer questions like the start time for football games and recipe ideas. it will also be able to compose and recite poetry. amazon promised all this at the company's annual product launch in arlington, virginia. and before we go, let me ask you — have you ever looked at your credit card bill and found out that your children have been making in—game purchases when playing the online video game fortnite? well, if the answer is yes and you are based in the us, then you might be able to claim a refund. a us regulator accused the game of tricking players into making

unintended purchases and breaching privacy. and that's all we have for you on this edition of asia business report. find much more on the bbc news website as well. thanks for watching. when i'm actually on the mat, there's so much adrenaline, it's always a blur. i love the pressure. the pretture is like rocket fuel for me. ijust use it and channel it. rocket fuel for me. i “ust use it and channel ith rocket fuel for me. i “ust use it and channel it. tom's drive to the top — it and channel it. tom's drive to the top of— it and channel it. tom's drive to the top of the _ it and channel it. tom's drive to the top of the world - to the top of the world rankings has been fuelled by dedication and discipline. i started by winning a medal and i thought, ok, started by winning a medal and ithought, ok, i need to started by winning a medal and i thought, ok, i need to do it again. and then i was consistently being wrote up there with all the big hitters in my category and now that i'm number one in the world, i have to train like the number one in the world. i have to eat, sleep, act like the number one in the world.— sleep, act like the number one in the world. tom's commitment to train every — in the world. tom's commitment to train every single _ in the world. tom's commitment to train every single day - to train every single day around school and travel to be

under the tutelage of his coach is reaping rewards. last year, he won the gold at the commonwealth karate championships and has racked up nearly 1,800 points across eight competitions in the past year and a half, taking eight competitions in the past yearand a half, taking him to world number one in his age group. world number one in his age u-rou. �* , , world number one in his age ”rou, �*, ,, group. it's very satisfying when you've _ group. it's very satisfying when you've just - group. it's very satisfying when you've just done . group. it's very satisfying when you've just done a i group. it's very satisfying - when you've just done a really good kata. at the top, it's such fine margins. someone could get the round to get into the final by a fraction of a point. it could all be down to one hand or one finger out of place. that could be the difference between you going through the round or not or missing out on the final medal match. , , ~ . ., missing out on the final medal match. , , ~ , match. next up is mexico this weekend- _ match. next up is mexico this weekend. tom's _ match. next up is mexico this weekend. tom's first - weekend. tom's first competition, sat at the top of the rankings. for more stories from across the uk, head to the bbc news website. hey, i'm dylan with the

catch—up. tonight, climate policy shake—up, the big issues affecting teens and wrestling on a japanese bullet train. first up, the prime minister has announced changes to some of the uk's biggest climate policies. they were originally put in place to help us reach net zero by 2050. that's a target of no longer adding to the total amount of greenhouse gases, such as carbon dioxide and methane, in our atmosphere. rishi sunak said that goal is it still in place, but he announced some changes to the government's policy that will impact us all. he pushed back the ban on the sale of new petrol and diesel cars to 2035. he scrapped tax to taxes on meat and flying and increased grants to help people switch to more energy efficient boilers in their homes. the labour party said if wins the next election, it will bring back the ban on new petrol and diesel cars to 2030. next up, a new survey conducted for the bbc has found over a third of teens say comparing

themselves to others on social media creates anxiety in their lives. 44% also said they don't feel safe working a —— walking along on a street. the poll spoke to over 2,000 people aged 13 to 18. some say they want to see stronger community guidelines to help tackle bullying on social media. some good news, though — 66% of those surveyed said they feel positive about the future. and finally, i'm leaving you with 10 seconds of wrestling on a bullet train. two professional wrestlers went head to head in front of passengers on this train in japan. i guess that's one way of figuring out who gets a seat. that's it from me. you're all caught up.

dolmy hello, and welcome to sportsday. i'm marc edwards. here is what we have got coming up here is what we have got coming up on the show. here is what we have got coming up on the show. 7—goal thriller at the allianz arena. bayern bring out the big guns, beating man united 4—3. spain's world cup winners are back in training as the country's football federation sacks its general secretary. and italy produce a stirring second—half comeback to beat uruguay at the rugby world cup.

hello, and thanks for joining us on sportsday. only one place to start and that's the champions league where there were plenty of tasty ties to tuck into. none more so than in munich, where two of the biggest and most successful european clubs went head—to—head in their opening match of this year's competition. it was raining goals in germany — bayern beating man united, 4—3. the bundesliga side looked to be cruising after goals from leroy sane and serge gnabry. united pulled one back before harry kane added a third from the penalty spot for bayern. it was a frantic ending — three goals in the last 7 minutes, as casemiro brace for united, sandwiched by a mathis tel goalfor bayern. but munich 4—3 winners. late drama, although significantly fewer goals for another european giant. real madrid leaving it very late indeed. jude bellingham scoring in the 94th minute to give them