is guilty on all counts of fraud for the former head of ftx, the collapsed crypto exchange. and the australian prime minister heads to china this weekend in an apparent thaw in the frosty relations between canberra and beijing. happy friday. welcome to asia business report. our top story begins in new york where the disgraced crypto currency voegele sam bankman—fried has been found guilty of fraud as well as money—laundering. he was convicted by a 12 member jury was convicted by a 12 member jury in manhattan federal court afterjust four jury in manhattan federal court after just four hours jury in manhattan federal court afterjust four hours of deliberation. in a statement to the press, his lawyers said they respected the jury �*s decision but maintains mr bankman—fried's innocence, adding that they will the charges. the former head of the now collapsed crypto exchange ftx was accused of a series of

missed doings about a year ago, including stealing as much as $10 million from his own customers. more now from new york. sam bankman—fried was a towering figure in crypto. a self—made entrepreneur who promised that his ftx crypto exchange was the safe and easy way to get into crypto currencies. his businesses brought him great wealth. at one point he was worth $26 billion, and propelled him into an a—list social network of celebrities, some of whom he paid to endorse ftx.- celebrities, some of whom he paid to endorse ftx. with ftx i have everything _ paid to endorse ftx. with ftx i have everything i _ paid to endorse ftx. with ftx i have everything i need - paid to endorse ftx. with ftx i have everything i need to - paid to endorse ftx. with ftx i have everything i need to buy, | have everything i need to buy, sell and trade crypto safely. my sell and trade crypto safely. my goal has been to find a way of having — my goal has been to find a way of having a positive impact on the world _ of having a positive impact on the world. he of having a positive impact on the world-— the world. he charmed politicians _ the world. he charmed politicians by _ the world. he charmed politicians by calling i the world. he charmed | politicians by calling for greater regulation in the crypto industry and make donations to their campaigns. he also adopted the mantle of a responsible leader in an industry rife with misconduct. but it turns out the fortune,

the business, the image were built on a lyre. the great success story was in fact great fraud. bankman—fried now faces decades in prison. during four weeks of testimony, prosecutors told jurors that the 31—year—old bankman—fried's apparent success belied a pyramid of deceit. they said he used stolen money to prop up the investment fund he funded —— founded, and to purchase real estate and to fund his lavish lifestyle. three of bankman—fried close friends and business partners, including his ex—girlfriend, pleaded guilty to financial crimes and testified against him.- guilty to financial crimes and testified against him. what you have to say _ testified against him. what you have to say to _ testified against him. what you have to say to sam? _ have to say to sam? bankman—fried pleaded not guilty to all charges and take a stand in his own defence, to no avail. ., no avail. the government when this case by _ no avail. the government when this case by putting _ no avail. the government when this case by putting a _ no avail. the government when this case by putting a lot - no avail. the government when this case by putting a lot of- this case by putting a lot of pressure on cooperators, getting deals with them very early on, and trying this case and a very streamlined way.

instead of over complicating the case, turning it into some complicated crypto case, they tried it as a garden variety fraud in a very streamlined manner and i think that ultimately led to the conviction here. this extraordinary - conviction here. this extraordinary fall - conviction here. this i extraordinary fall from conviction here. this - extraordinary fall from grace may be more than just personal. sam bankman—fried's gilt could severely damage the reputation of the wider crypto sector worldwide. for more on that verdict, as well as the stunning collapse of ftx that led us to that point coming out of the website, bbc .com forwards news, or of course you can download our app. now to some other news making headlines this morning, and the boss of streaming service hbo had to apologise for asking employees to set up fake social media accounts to hit back at tv critics. the apology comes after a rolling stone report alleging the ceo had sent text messages, discussing what he

called a secret army to respond to negative reviews. some of the better—known show is created by hbo include succession, the last of us, the white lotus and euphoria. us regulators have accused amazon's boss geoff bizos of ordering employees to flood its search results with irrelevant ads to drive up advertising profits. that was revealed in a new version of a complaint filed by the us federal trade commission on thursday. the regulator and 17 other states have filed an anti—trust lawsuit against the company late september, accusing it of using its monopoly to increase prices across the web. an amazon spokesperson told the bbc the complaint is "grossly misleading and taken out of context. australia's prime minister anthony albanese will be travelling to china this weekend, where he will be meeting president xijinping and other chinese officials, and other chinese officials, and the visit appears to signal and the visit appears to signal an easing in the strained

relationship between australia and its largest trading partner. asia business correspondent nick marsh sent this report. # just the two of us, we can make it if we try... # just the two of us, we can make it if we try. . .— # just the two of us, we can make it if we try. .. china and australia _ make it if we try. .. china and australia are _ make it if we try. .. china and australia are two _ make it if we try. .. china and australia are two countries i australia are two countries that need each other but recently they have not been getting up. they have had bust ups over bali, quarrel over coal, beef over beef. for a while it didn't seem good, but recently things have begun to improve. it is a bit of a funny relationship so let's take a look at what's going on. first, australia needs china. before this latest rift, nearly half of australia's exports went to china so when china started putting restrictions on australian goods, businesses and their workers took a $20 billion hit. true can things like barley wine and coal to other countries, but why would you go to all of that effort when the chinese market is

right there? second, china needs australia. that is because china builds, a lot. you want to build a new airport, well, australia is the global leader in iron or production. you want to build batteries for evs, australia has half of the world's lithium supply. these kinds of crucial commodities were never on china's tariff lists, and australia knows why. beijing might be the economic superpower in this relationship, but canberra does hold some of the cards. and lastly, the united states is actually going to be crucial to all of this, because, make no mistake, when push comes to shove, australia is really on the american side of the super power struggle. the american side of the super powerstruggle. don't the american side of the super power struggle. don't forget, it was the first country in the world to ban huawei's 5g, just to give you an example. now,

the us is pretty demanding and its allies, and naturally this is going to put a strain on the relationship between australia and china. this recent normalisation of ties between the two countries does show that they want to keep things purely business. with all these external pressures, the question is whether they are going to be able to keep just the two of them. # just the two of us... in other news, _ # just the two of us... in other news, tech giant apple has reported mixed results for the quarter in september. sales did beat wall street because my expectations but they are still down from the same period last year. apple also faces increasing competition in china, which is one of its biggest markets. they are, however, some bright spots in iphone make—up other businesses, as michelle fleury explains. apple sales dropped the worldvaluable company of $89.5 billion for the three months to the end of september,

down 1% from a year ago. this is the fourth consecutive quarter of year over year sales declines. there was a big drop in sales of its hardware products, especially max and ipads, and the market in china, broc that remain shaky. revenue was down 2.5% from a year ago. apple faces renewed competition from chinese phone maker huawei. still, it did manage to sell more smartphones. sales increased 2% from last year, that was slightly better than wall street was expecting. the standout, though, was its services business, which includes apple pay, apple tv and apple news. revenue surpassed $22 billion for the first time, an impressive figure, but still less than half what the company makes from selling smartphones, which is why investors are nervously watching what the company says about that. now, indians love to travel, and a new study is proving just that. new findings show that the country has made a quicker recovery after covid,

compared to most asian nations, when it comes to those travelling abroad. 0utbound travelling abroad. 0utbound travel touched 61% of the pre—pandemic travel market, with india registering 30 million trips abroad last year, and this figure could actually touch 80 to 90 million trips abroad by 2040, this is according to a mckinsey and company study. what is interesting is that most indian travellers, 70% of them still want to go nearby, so basically flights, which are less than four hours are prepared for top so distance is a factor and also —— are preferred. also where there is indian ties is another important factor, that's why countries in the middle east are very popular, followed by south asia. for those wanting to travel further, the us and europe of course remain the usual favourites. and in terms of new places of interest, australia, indonesia and turkey seem to be a newer trend for indians. the findings also show that indians

are making their decisions on where to go based on a few critical factors. where to go based on a few criticalfactors. 0ne, critical factors. one, connectivity, how criticalfactors. 0ne, connectivity, how easy is it to get there, affordability, popularity and also most importantly how easy is it actually to get a visa to get to that destination. before we 90, to that destination. before we go, taylor swift and beyonce are the gifts that keep on giving, especially to companies. ticketmaster's parent firm live nation entertainment has reported its strongest results ever, following massive sell—outs at taylor swift and beyonce concerts. revenue for the company in thejuly to september quarterjumping more september quarter jumping more than 30% september quarterjumping more than 30% from a year ago, the majority of that coming from those ticket sales. that is it for the programme. thanks for watching and have a lovely weekend. bbc news, bringing you different stories from across the uk. clocking up the training kilometres on cornwell�*s north coast, this 37—year—old man is about to take on her latest ultra

running challenge. i take on her latest ultra running challenge. i try and find as many _ running challenge. i try and find as many goals - running challenge. i try and find as many goals as - running challenge. i try and find as many goals as i - running challenge. i try and| find as many goals as i can, running challenge. i try and i find as many goals as i can, as much varied terrain as i can, and ijust, yeah, find the most beautiful places in cornwall to run. , , ., beautiful places in cornwall to run. , ., ., ., , beautiful places in cornwall to run. , ., ., ., run. juliet is from a family of runners but _ run. juliet is from a family of runners but it _ run. juliet is from a family of runners but it was _ run. juliet is from a family of runners but it was only - run. juliet is from a family of runners but it was only when j runners but it was only when she started fundraising for a hospice that cared for her grandad that she really got the bug. i grandad that she really got the bu. ., grandad that she really got the bu i _ ., ., , grandad that she really got the bu. ., ., , , bug. i train for my first marathon _ bug. i train for my first marathon and - bug. i train for my first marathon and just - bug. i train for my first | marathon and just loved bug. i train for my first i marathon and just loved it bug. i train for my first - marathon and just loved it and actually really like running along. so it is about five years ago that i entered my first trail race, like my first ultra, and from that has just has just grown and grown, and yes, i lovejust seeing has just grown and grown, and yes, i love just seeing what new things i can push into. believe it or not, 80 to 100 kilometres is her ideal distance. apparently you can still run quite fast, and she represented great britain in the world championships in austria in the summer. 50. the world championships in austria in the summer. so, 6500 metres of— austria in the summer. so, 6500 metres of climbing _ austria in the summer. so, 6500 metres of climbing and _ austria in the summer. so, 6500 metres of climbing and some i metres of climbing and some amazing beautiful mountains, it was so, so hard, i think the hardest race i have ever done, but it was probably the best, like the best feeling to finish, because not only was i

in the great britain best, but my son was at the finish, and my son was at the finish, and my mum and dad came and my sister was there as well, having raised the day before. it was just magic. hey. i'm stephen with the catch up. tonight, glastonbury ticket delays, mental health and football, and the christmas countdown. we are starting with storm ciaran. strong winds have been doing lots of damage in parts of the uk. thousands of people in southern england have lost power, and some flights have been cancelled. 0n the channel islands, schools have been closed, roofs ripped off homes and they have been hailstorms bigger than golf balls. this is the pretty scary moment a bedroom window was blown in onjersey where a woman and her baby was sleeping first up lots of problems in parts of wales, too. this

caravan park has been evacuated, after warnings that heavy floods could pose a risk to life. there are still warnings in place across the uk. you can follow all the latest on the bbc news website and app. some other stories now. if you fancy going to glastonbury next year, you're going to have to wait a bit longer to get your tickets. the sale has been pushed back two weeks, as some people with older profiles say there's have been deleted without being told. and england stars beth mead and ben chilwell are leading a new campaign to tackle mental health issues in football. mead said she has a very dark moments after losing her mum to cancer. create the space helping to help players at all levels, on and off the pitch —— hoping to help. time to leave you with ten seconds of christmas. yes, we know it is only the start of november, but the lights have been switched on on 0xford but the lights have been switched on on oxford street in london. the cargo bay look. what do you reckon? a bit too

early? i'm kind of ready for it, i'm not going to lie. you are all caught up now. have a good one. hello and welcome to sportsday, with me, 0lly foster.

these with me, 0lly foster. are your sportsday headlines. mumbai magic. india are the first team through to the cricket world cup semifinals. there's a four—day party in south africa as the springboks take the webb ellis cup around the country. and ajax are finally on the up, with their first league win since the start of the season. hello there. welcome along to sportsday on bbc news. india have made it seven wins out of seven at the cricket world cup to become the first side through to the semi—finals. it was no ordinary win for the hosts, they blew sri lanka away in mumbai, winning by a colossal 302 runs. joe wilson was watching. 0k, nobody in mumbai expected india to lose but this victory

was a statement. india's