to another who says the rise in hybrid working needs are a boost for the industry. welcome to asia business report. constructive economic engagement, that's what australia's prime minister anthony albanese has pledged in shanghai during his four—day visit to china. the two countries, which share significant trade, are seeking to thaw icy relations after several years of tension because of trade and technology, and there seems to be a breakthrough in some spots. this is what the australian media said over the weekend. ., ., weekend. the government that i lead will continue _ weekend. the government that i lead will continue to _ weekend. the government that i lead will continue to work- lead will continue to work constructively with china. as the business people in this room understand so well, it is in all our interests to have a relationship where there is dialogue and co—operation. later today, the australian leader is expected to meet president xijinping and president xi jinping and premier president xijinping and premier li chan. michael clarke

is an expert on australia china relations from the university of technology in sydney. i asked him what the prime minister'spriorities are in china. ~ , minister'spriorities are in china. ., , china. the key goal certainly on this visit, _ china. the key goal certainly on this visit, and _ china. the key goal certainly on this visit, and in - china. the key goal certainly on this visit, and in the - china. the key goal certainly on this visit, and in the near| on this visit, and in the near term, is the bilateral relationship, normalisation. what this means in practice, i think, from the australian perspective, is achieving some short term wins in a way. further winding back the efforts at economic coercion that china imposed around three years ago on australia, on a range of australian commodities. that kind of the short—term goalfor commodities. that kind of the short—term goal for the commodities. that kind of the short—term goalfor the prime minister. how much of an impact in the trade tariffs have on australian economy and businesses? the majority of the tariffs targeted what you might

turn discretionary items within the bilateral relationship. live lobster exports. the australian wine industry as well. obviously the big areas of bilateral trade were not hit so of course australia is a large natural resource and exports to china, iron and cole in particular. the australian economy did reasonably well in terms of absorbing those efforts at coercion. obviously individual industries... it has tried to diversify as a means of mitigating the risk of this kind of development in moving forward. in this kind of development in moving forward.— this kind of development in moving forward. in other news, in singapore. — moving forward. in other news, in singapore, the _ moving forward. in other news, in singapore, the country's - in singapore, the country's long serving prime minister

said he will step down as the leader of the ruling people's action party before the next election which is due by november 2025. the country has led the party since it gained independence in 1965. its original leader, the current prime minister'sbarber, lee kuan yew, is widely credited with establishing... —— father. primary schools across the indian capital will remain closed for another five days as delhi continues to be smothered by polluting smog. secondary schools have the option of shifting to online classes. delhi's air quality index has been at a severe plus a level for six consecutive days with no sign of immediate improvement. air pollution from industry, traffic and burning

by farmers in neighbouring states make delhi one of the most polluted cities in the world. the union representing thousands of hollywood actors says it has received a new offer from studios to try to end the strike which started in july. actors are seeking assurances that their ai digital likenesses will not be used without their permission. the production companies described this as their last, best and final offer. the union said it was reviewing the proposal. the strikes are thought to have cost the californian economy at least $6 billion. co—working giant wewok is expected to file for bankruptcy as it struggles with massive losses. it has caused questions about the future of co—working spaces and whether people will return to offices rather than remote working.

despite wework�*s troubles, it is a robust time for the industries as more companies are turning to the hybrid working model to save costs. let's hear more from mark dixon. . ., , let's hear more from mark dixon. . .,, , , dixon. the impact has been very significant. _ dixon. the impact has been very significant, companies _ dixon. the impact has been very significant, companies have - significant, companies have seen savings of up to 50% in the cost of supporting workers. in a difficult economy at the moment, that's a really significant savings. 50 moment, that's a really significant savings. so where does the cost _ significant savings. so where does the cost cut _ significant savings. so where does the cost cut come - significant savings. so where l does the cost cut come from? significant savings. so where - does the cost cut come from? is it because they managed to reduce their office space? overall, the savings come from companies reducing space, and you can see many large corporations reducing their fixed space by at least 50%. and the supporting of workers on a flexible platform, such as ours, we have 3500 buildings globally that can be used at any time. these buildings increasingly are close... what about the _ increasingly are close... what about the impact _ increasingly are close... what about the impact on - about the impact on

productivity? in asia, a lot of companies have workers back in the office. some of the managers may argue that having people working at home may not result in the best productivity, given they could actually get disturbed by other things at home?— actually get disturbed by other things at home? very few people can work from — things at home? very few people can work from home _ can work from home productively, for the very reasons that you say. interruptions and a lack of discipline that can come from people working from home. what we are seeing is companies and people deciding to work close to where they live. so they go into an office building, what do they want? they want a social environment, they want to meet other people, they actually want to leave home and go and work somewhere else. it's just that working somewhere else isn't an hour away, half an hour away. it's ten minutes away. that's really the difference, the convenience of work that workers are

looking for, that allows companies to reduce their costs. overall, productivity actually goes up, it doesn't go down. but managers have to manage properly. it's wrong to say that just because manage properly. it's wrong to say thatjust because you have people in a building, somehow they are efficient. that's not they are efficient. that's not the case. they are efficient. that's not the case-— they are efficient. that's not the case. . .,, ., h, the case. the pandemic has also affected children _ the case. the pandemic has also affected children and _ the case. the pandemic has also affected children and their- affected children and their education. it has meant two thirds of the world's poorest countries ended up cutting public education budgets, which resulted in millions of children and young people having little or no access to any forms of schooling. we spoke to the executive director of education for all foundation about what needs to be done. from covid onwards, investment in education has gone down generally across the globe. the only place where it has picked up only place where it has picked up again is in the lowest income countries. so what we

now face is something like a $97 billion per yearfunding $97 billion per year funding gap $97 billion per yearfunding gap for education across the globe. in gap for education across the . lobe. ., . ., globe. in the low income countries, _ globe. in the low income countries, you _ globe. in the low income countries, you say - globe. in the low income countries, you say the i globe. in the low income - countries, you say the funding has started to come through again. why is that? i has started to come through again. why is that?- has started to come through again. why is that? i think in general. _ again. why is that? i think in general. as _ again. why is that? i think in general, as the _ again. why is that? i think in general, as the poorer- general, as the poorer countries have looked at where they are in the overall economic picture globally, they realise how far behind they are, how far they have to go, and there's plenty of data that shows investing in education makes a huge difference to where you are, notjust as an individual or a family, but as a nation. individual or a family, but as a nation-— individual or a family, but as a nation. ~ , ., ., , a nation. when you are trying to convince — a nation. when you are trying to convince partners - a nation. when you are trying to convince partners of- a nation. when you are trying to convince partners of the i to convince partners of the benefit of education, do you often use the economic argument as a part of that? i often use the economic argument as a part of that?— as a part of that? i think less and less _ as a part of that? i think less and less we _ as a part of that? i think less and less we need _ as a part of that? i think less and less we need to - as a part of that? i think less and less we need to do - as a part of that? i think less and less we need to do that, | and less we need to do that, because in terms of the partners, what we do know is, increasingly, parents understand the value of education. and we do know that

some of the highest price on a per capita basis paid for education is paid by some of the poorest people in a relational way. that doesn't seem to be the issue. the issue is more along the lines of encouraging governments to understand that the long—term investment in education is about the future. and that's a really difficult cell. because politicians are worried about the next two or three years. —— difficult sale. perhaps the next two or three months. the investment need to be long—term. investment need to be long-term.— investment need to be iona-term. �* ., ., �*, long-term. before we go, let's look at what — long-term. before we go, let's look at what we _ long-term. before we go, let's look at what we will _ long-term. before we go, let's look at what we will be - look at what we will be watching this week. several key data are due from southeast asia. latertoday, indonesia releases growth figures for the third quarter, household spending contributed to growth in the second quarter. on tuesday, china releases trade data for october and analysts

will pay attention, especially to export figures for the post—pandemic demand recovery. on the same day, at australia's central bank will meet to decide on the cost of borrowing. there are expectations that the bank of australia will use the opportunity to cool inflation. i am back at the top of the hour. thanks for watching. this is done, names to mark a new era of uk technology. —— dawn. it is the country's fastest ai supercomputer and it is housed in cambridge. you can barely hear yourself think, it is 95 decibels of noise, you have to wear earplugs for safety, but that the sound of

the system which cools this computer. we have 7000 processes performing 19 million million calculations per second. that generates a lot of heat. this plate is air and water cooled for efficiency. but why do we need it? without ai but why do we need it? without al capability. — but why do we need it? without ai capability, science _ but why do we need it? without ai capability, science is - but why do we need it? without ai capability, science is held - ai capability, science is held back, cancer research is driven by huge amounts of data, we just can't process it. with machines like this, processes can get through hundred times more data. can get through hundred times more data-— more data. one of the biggest challenae more data. one of the biggest challenge is — more data. one of the biggest challenge is now _ more data. one of the biggest challenge is now is _ more data. one of the biggest challenge is now is climate - challenge is now is climate change. _ challenge is now is climate change, and we have been struggling in the uk to have the computer capacity to tackle it. the computer capacity to tackle it we — the computer capacity to tackle it. we have taken huge observations of data from satellites and drones and we pull it — satellites and drones and we pull it together and look for insights— pull it together and look for insights based on neural networks. insights based on neural networks-— insights based on neural networks. ., ., , networks. the government has invested £900 _ networks. the government has invested £900 million, - networks. the government has invested £900 million, this - networks. the government has invested £900 million, this is| invested £900 million, this is just phase one. critics argue it is not enough to keep up with the silicon valley

companies. clocking up the training kilometres on cornwall�*s north coast, this 37—year—old mum is about to take on her latest ultra running challenge. tn; about to take on her latest ultra running challenge. try to find as many _ ultra running challenge. try to find as many hills _ ultra running challenge. try to find as many hills as _ ultra running challenge. try to find as many hills as i - ultra running challenge. try to find as many hills as i can, - ultra running challenge. try to find as many hills as i can, i l find as many hills as i can, i just, yeah, find the most beautiful places in cornwall to

run. , ., beautiful places in cornwall to run. ., , beautiful places in cornwall to run. . , ., beautiful places in cornwall to run. ., ., ., , beautiful places in cornwall to run. ., ., ., run. julia is from a family of runners _ run. julia is from a family of runners but _ run. julia is from a family of runners but it _ run. julia is from a family of runners but it was _ run. julia is from a family of runners but it was only - run. julia is from a family of| runners but it was only when she started fundraising for a hospice that cared for her grandad that she really caught the bug. i grandad that she really caught the bu. ., ., , , the bug. i train for my first marathon _ the bug. i train for my first marathon and _ the bug. i train for my first marathon and realised - the bug. i train for my first marathon and realised i i the bug. i train for my first i marathon and realised i loved it and i really like running long. about five years ago i entered my first ultra, and from there it's just grown and grown. i love seeing what new things i can push into.- things i can push into. believe it or not. _ things i can push into. believe it or not, 80-100 _ things i can push into. believe it or not, 80-100 kilometres l things i can push into. believe| it or not, 80-100 kilometres is it or not, 80—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. ~ :::: championships in austria in the summer. ~ xi: , ., championships in austria in the summer. ~ xi: . , summer. 6500 metres of climbing in amazingly _ summer. 6500 metres of climbing in amazingly beautiful _ in amazingly beautiful mountains, it was so hard, but i think the hardest race i've ever done... it was probably the best feeling to finish, because not only was i in the great britain vest, but my son was at the finish, my mum and dad came and my sister was there having raced the day it just magic. —— having raced the

day before. it was just magic. hello there, i'm ollie foster and these are your sportsday headlines. it's a virat happy birthday. kohli hits another world cup century as india win again. there is a crucial goal and an even more important message from liverpool's luis diaz. and novak djokovic keep the unbeaten run going as he wins the masters in paris for a seventh time. welcome along. can anyone beat india at the cricket world cup? there was another statement win from the hosts today. they thrashed south africa,

the team closest to them in the table, as virat kohli, on his 35th birthday, equalled the record for most one—day international centuries. in kohli hit his a9th odi ton, matching the great sachin tendulkar. he was unbeaten on 101 in their score of 326—5. his individual score would have been enough by itself to win the match. south africa's chase started very, very poorly. the tournament's top scorer quinton de kock departed for just five. the wickets continued to tumble in kolkata. ravindra jadeja took five of them. just days after bowling sri lanka out for 55, they knocked south africa over for just 83. both teams have already qualified for the semi—finals, but india maintained that 100% record, eight out of eight, and they are guaranteed to finish top of the table. in the lead—up to the game, as well asjust before the game, i didn't have a sense

of the guys being overawed or nervous by the situation.