israel has gaza enclave. israel has responded in force, adding to the possibility of a broader middle east conflict. financial analysts were already concerned about global market volatility sparked by the russian military action was 20 months ago in ukraine. we are keeping a close eye on the oil markets of course, while israel and the palestinian territories are not really oil producers but volatility in the general middle eastern region could disrupt output there in those parts of the world. let's bring in james from parts of the world. let's bring injames from hsbc bank, joining from singapore. thanks forjoining asia business report. this is the big story, and we are tracking the political fallout, and we are tracking the politicalfallout, but and we are tracking the political fallout, but let's focus on the economic fallout at the moment. 0il focus on the economic fallout at the moment. oil prices seems to be the big focus, what is your take?— to be the big focus, what is your take? well, i think the situation — your take? well, i think the situation is _ your take? well, i think the situation is extremely - your take? well, i think the j situation is extremely fluid, and of course it will push up

oil prices in this case. i think the real impact would be how high oil prices would be sustained because of the geopolitical risk. clearly there economic impact, the real issue will be the impact with inflation. it's too early to put an assessment there, but short—term, high oil prices would drive financial markets in the next few days.- in the next few days. what is our in the next few days. what is your sense. _ in the next few days. what is your sense, are _ in the next few days. what is your sense, are we _ in the next few days. what is your sense, are we seeing i in the next few days. what is| your sense, are we seeing an increased interest in safe havens like gold and the us dollar? i havens like gold and the us dollar? ~ , dollar? i think in this environment, - dollar? i think in this environment, of - dollar? i think in this . environment, of course, dollar? i think in this - environment, of course, the dollar would actually do well, given that interest rates are extremely high in the us. 0ther extremely high in the us. other than that, you would also expect to see much more focused, particularly to us

treasury, really because of uncertainty. i think in the near term the treasury provides a very high view compared even to gold for that matter. so with high interest rates, stronger dollar, i think the us treasury looks much more attractive compared even with gold. so i think in this environment, the safe haven demand would actually very much go to the dollar and of course the us treasury.— go to the dollar and of course the us treasury. james, there is a very real _ the us treasury. james, there is a very real apprehension - is a very real apprehension that this could be a long, drawn—out war. we have seen the statements being made by leaders in the region. if that is to happen, and that is a real apprehension, what is the impact you sense in the asian markets?— markets? it's hard to put an assessment _ markets? it's hard to put an assessment there, - markets? it's hard to put an assessment there, but - markets? it's hard to put an assessment there, but i - markets? it's hard to put an l assessment there, but i think near term, there will be quite a bit of caution right now. and

of course the big driver for asian markets would be clearly the higher rates in the us. if this uncertainty creates safe haven flows to the us treasury, that might create a bit of stabilisation in the bond market, that we saw over the last week and a half. 0ther last week and a half. other than that, in asia, it depends on the economy. so far we are seeing some bottoming out in the growth trajectory, especially in china. so i think there are some green shoots, but at the same time, we are also witnessing... inaudible. so at this stage a bit of nervousness, we will want to see some more parity, and developments associated with geopolitical uncertainty, but near term it's going to be a little bit unpredictable and

uncertain. little bit unpredictable and uncertain-— little bit unpredictable and uncertain. , . , ., ~ uncertain. james, thank you very much — uncertain. james, thank you very much for— uncertain. james, thank you very much for your - uncertain. james, thank you very much for your input - uncertain. james, thank you| very much for your input and putting the business fallout of the conflict that we are seeing in perspective. staying with that story and the fallout, several international air carriers have suspended flights to tel aviv. they include british airways, lufthansa, as well as air france. us air carriers like united airlines, delta, and american airlines also temporarily cancelled direct flights to israel from new york, miami and washington, dc. so how will travellers in asia be impacted by flight disruptions, if at all? let's speak to gary, the managing director of check—in asia. thank you for your time. taking off from the last point mentioned, there are a lot of travellers en route to china, are travellers seeing much of an impact this morning? yeah, there will— an impact this morning? yeah, there will be _ an impact this morning? yeah, there will be some _ an impact this morning? yeah, there will be some impact. - an impact this morning? yeah,

there will be some impact. i i there will be some impact. i mean, there are not a huge number of direct flights into the region, to and from israel, but some airlines impacted from china, india in particular... air india has cancelled flights and evacuated staff, cancelled until october 14th. and evacuated staff, cancelled until 0ctoberilith. hong and evacuated staff, cancelled until october 14th. hong kong, cathay pacific has cancelled flights tomorrow, saying it is waiting to see what will happen. at the moment, airlines have to wait and see how the situation develops. they have very strong risk management protocols that kick into place when a war footing, which israel says it is on at the moment, kicks into place, they have to look at the integrity of their aircraft, passengers and crew. everything related to the airline. this is a situation we just have to watch and see, airlines will be monitoring it extremely closely. monitoring it extremely closel . ~ ., monitoring it extremely closely-— monitoring it extremely closel . ~ . , . closely. we have seen evidence ofthat closely. we have seen evidence of that with _ closely. we have seen evidence of that with several _ closely. we have seen evidence of that with several airlines - of that with several airlines cancelling flights to tel aviv. an picture, we have already seen the global economic

slowdown hitting the environment. —— nighta bigger picture. how will the geopolitical tensions in the middle east impact?- geopolitical tensions in the middle east impact? china had three years — middle east impact? china had three years of _ middle east impact? china had three years of isolation - three years of isolation internationally, they were starting to recover, the balance sheets were bruised for all carriers in the region and starting to recover, but the macroeconomic uncertainty this will bring, particularly with jet fuel prices, oil prices, that will bring uncertainty into the aviation industry. the problem also is there are concerns about escalation into the border region of the middle east, and that would have a global economic impact. as your previous guest said, this is a case of watch and wait and see. at the moment, there will be jitters and nerves in the industry, for sure. thank you very much — industry, for sure. thank you very much for— industry, for sure. thank you very much for those - industry, for sure. thank you very much for those valuable j very much for those valuable inputs.

events in israel and gaza raise any number of questions about what has happened, and what may happen next. 0ur what has happened, and what may happen next. our analysis editor ross atkins is looking at some of them.— at some of them. let's start with the _ at some of them. let's start with the islamist _ at some of them. let's start with the islamist militant. with the islamist militant group that carried out this attack. who are hamas? the name is an arabic acronym for islamic resistance movement. it is sworn to israel's destruction and its base is gaza, it has been in control there since 2007, although since it has not held an election since, it is hard to gauge its support. resident biden called hamas a terrorist organisation this weekend, and the eu, the uk and the us all categorise it this way. in the region, iran is hamas's finally back up. hamas told the bbc iran gave direct backing for this weekend's attack. hamas also has close relations with the militant group hezbollah in

lebanon which shares a border with israel. israel knows all of this and more about hamas, which leads us to the next question, why didn't israeli intelligence know about the attack? the analyst colin clark described how israel has world—class intelligence collection and analysis capabilities, including using informers in gaza and surveillance drones above it. in the words of a former us counterterrorism specialist, it's almost inconceivable how they missed this. but they did. and working out why it is now a matter of urgency. the next question is whether this weekend is different to previous escalations. serious violent escalations between israel and the palestinians are not uncommon, but the scale of this hamas attack makes it different. israeli territory was infiltrated, over 700 israelis have died, as many as 100 hostages were taken. saturday was one of the deadliest days in israel's history, and the un middle east

peace envoy said this is a dangerous precipice, and i appeal to all to pull back from the brink. this is different. and the scale of the attack leads us to how does israel respond? already prime minister benjamin netanyahu talked of a long and difficult war. israeli air strikes long and difficult war. israeli airstrikes in long and difficult war. israeli air strikes in gaza, at least 400 people have been killed. literary vehicles heading to the gaza border, and tens of thousands of israeli reservists being called up. as well as that, the us defence secretary lloyd austin announced additional equipment and resources, including munitions, will be sent. israel's allies are offering solidarity and help. and while right now the focus is on the immediate threats from hamas, israel and its allies will also know that in the long—term, this attack will reshape how they seek to maintain israel's security. tracking the economic fallout of the conflict unfolding on

the ground closely on bbc news. you can find much more on the bbc news website. that is it for now, stay with bbc news for more updates. candace was born in norfolk 11 years ago, it is now award—winning, made by hand using all british produce, sold in recyclable jars and tasted ijy in recyclable jars and tasted by customers using wooden ship forks, not plastic spoons. which they decided to bring in four years before the government's official ban. it’s government's official ban. it's what we government's official ban. it�*s what we should all be aiming to do, but there are complications involved in that. sourcing, price, bringing in laws like that don't help. government research _ that don't help. government research shows _ that don't help. government research shows 2.7 - that don't help. government research shows 2.7 billion i research shows 2.7 billion pieces of plastic cutlery like this was used in england alone

last year. 720 million plastic plates as well. but only 10% got recycled. much of it ends up got recycled. much of it ends up damaging our planet as it takes hundreds of years to break down, and that's why from now on, businesses can no longer supply, sell or offer certain single—use plastic items. certain single-use plastic items. ., ., ., , ., items. though the ma'ority of small businesses i items. though the ma'ority of small businesses do i items. though the majority of small businesses do support | items. though the majority of. small businesses do support the route to net zero, but the challenge is, it's additional legislation and additional costs without the awareness campaign. costs without the awareness campaign-— campaign. she believes businesses i campaign. she believes businesses should i campaign. she believes businesses should not i campaign. she believes. businesses should not be punished but encouraged to replace plastic.

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hello and welcome to the programme. we start in india, where two heavyweights of the game met at the cricket world cup as the hosts got their tournament off to a winning start against australia in chennai. australia won the toss, chose to bat and it wasn't the smoothest start. just two overs in and virat kohli took a brilliant catch to remove mitchell marsh for a duck. his replacement steve smith will top momentum with david warner but they managed just 46 and 41 on a slow turning pitch. india eventually bailed them out for 199, so looks like they have the advantage, but their innings started even worse. 2—3 after just 12 balls. shreyas iyer caught by david warner at deep square leg. in the end, india came out on top thanks to a kl rahul six, came out on top thanks to a kl rahulsix, his came out on top thanks to a kl rahul six, his partnership with

virat kohli helping them to win ijy virat kohli helping them to win by six