needs are a says the rising needs are a boost for the industry. hi there. welcome to asia business report. a constructive economic engagement — that is what australia's prime minister anthony albanese has pledged in shanghai on its four—day visit to china. the two countries which share significant trade are looking to for icy relations several years of tension over trade and technology. there seems to be a breakthrough in some spots. here is what the australian leader had to say over the weekend. leader had to say over the weekend-— leader had to say 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 interest to have a relationship where there is dialogue and cooperation. later toda he dialogue and cooperation. later today he will — dialogue and cooperation. later today he will be _ dialogue and cooperation. later today he will be meeting - today he will be meeting president xijinping and

today he will be meeting president xi jinping and the premier. michael clarke is an expert on australia china relations from the university of technology sydney and i asked him what prime minister albanese easy�*s priorities are in china. albanese easy's priorities are in china. ., ., , in china. the near goal on this visit is what _ in china. the near goal on this visit is what has _ in china. the near goal on this visit is what has been - in china. the near goal on this visit is what has been termed | visit is what has been termed stabilisation of the bilateral relationship, so what this means in practice i think is from the australian perspective is achieving some short—term wins in a way, so further winding back on a number of the efforts of trade, coercion and economic coercion that china imposed around three years ago on australia on a range of australian commodities. so that is the short—term goal for the prime minister. is the short-term goal for the prime minister.— is the short-term goal for the prime minister. how much of it imacted prime minister. how much of it impacted that _ prime minister. how much of it impacted that have _ prime minister. how much of it impacted that have on - impacted that have on australian economy and businesses?— australian economy and businesses? ., ., , ., businesses? the ma'ority of tariffs targeted _ businesses? the majority of tariffs targeted what - businesses? the majority of

tariffs targeted what you - businesses? the majority of i tariffs targeted what you might call discretionary items within the bilateral relationship. you know, live lobster exports, some australian wine a swell and obviously the big areas of bilateral trade won't hit, so, of course, australia �*s large exports to china, iron ore and coalin exports to china, iron ore and coal in particular. so, the australian economy did reasonably well in terms of absorbing some of those efforts of coercion. individual industries that were targeted suffered considerably yet one of the outcomes of china's attempted coercion has been a concerted effort i think by a range of australian businesses to diversify away from the chinese market as a way to mitigate the risk of this kind of development moving forward. in other news, here in singapore, the countries long serving prime minister said he

will step down as the leader of the ruling people's action party before the next general election which is due before november 25. they have fled the country since it gained independents in 1965 and its original leader, the current minister's father, is widely credited as establishing modern singapore, seeing it become a prominent asian financial hub. pm lee confirmed there will be a new sworn in leader. roads will remain closed for a few days as delhi is smothered by a grey, polluting smog. secondary schools have the option of shifting to online classes. delhi's air quality level has been at significant for days with no sign of improvement. industry traffic and double burning by farmers in enabling states makes delhi one of the

most polluted cities in the world. the union representing thousands of hollywood actor says it has received a new offer from studios to try to end the strike which started backin end the strike which started back in july. end the strike which started back injuly. actors are seeking assurances that the 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. this week, the co— working giant wework is expected to file for bankruptcy as it struggles with massive debt and heavy losses. it has raised questions about the future of working spaces and indeed whether workers will be returning to the office or continuing with remote working. the companies industry pr, iwg says that despite wework�*s troubles it is a robust time

for the industry as more companies tend 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 imported workers and that in what is a difficult economy at the moment is a really significant thing. 50. really significant thing. so, but does — really significant thing. so, but does that _ really significant thing. so, but does that cost - really significant thing. 50, but does that cost could come from, in your view? is but does that cost could come from, in yourview? is it because they managed to reduce their office space?— their office space? overall, their office space? overall, the savings _ their office space? overall, the savings come _ their office space? overall, the savings come through l the savings come through companies reducing space, and you can see many large corporations reducing their space by at least 50% and supporting their workers on a flexible platform such as ours where we have 3500 buildings globally that can be used at any time, and these buildings increasingly are close to where you might live.— increasingly are close to where you might live. what about the im act you might live. what about the impact on _ you might live. what about the impact on productivity - you might live. what about the impact on productivity though l impact on productivity though because here in asia a lot of companies have their workers

backin companies have their workers back in their office and some of the managers may argue that having people working at home may not result in the best productivity given that they could actually get disturbed by other things at home. titer? could actually get disturbed by other things at home. very few --eole other things at home. very few peeple can _ other things at home. very few peeple can work _ other things at home. very few people can work from - other things at home. very few people can work from home - people can work from home productively for the very reasons that say interruptions and a lack of discipline that can come up from people working from home. but what we are seeing is companies and people deciding to work close to where they live. so, they are going to an office building — what do they want? they want a social environment. they want to meet other people. i actually want to leave home and go and work somewhere else, it is just that the working somewhere else is not an hour away, half—an—hour away. it is ten minutes away, and that is really the difference — is the convenience of work that workers are looking for and that allows companies to reduce their costs

and overall productivity actually goes up. it does not go down. but managers have to manage properly. i think it is wrong to say thatjust because you have people in a building, somehow they are efficient. that is not the case. the pandemic— that is not the case. the pandemic has _ that is not the case. the pandemic has also - that is not the case. the pandemic has also affected children and their education. it has meant that two—thirds of the world's poorest countries ended up cutting their public education budget which resulted in millions of children and young having little or no access to any forms of schooling. sally spoke to the executive director of education for all foundation about what needs to be done.— for all foundation about what needs to be done. from covid on, investments _ needs to be done. from covid on, investments in _ needs to be done. from covid on, investments in education | on, investments in education have gone down generally across the globe. the only place that has picked up again is in the lowest income countries so what we now face is something like a $97 billion a year funding we now face is something like a $97 billion a yearfunding gap for education across the globe.

and in the low income countries, you say that the funding has started to come through again. why is that? i think in general the poorer countries have looked at where they are in the overall economic picture globally stop they realise how far behind they realise how far behind they are, how far they have to 90, they are, how far they have to go, and there is plenty of data that shows that investing in education makes a huge difference to where you are, not just as an difference to where you are, notjust as an individual or a family, but as a nation. when ou are family, but as a nation. when you are trying _ family, but as a nation. when you are trying to _ family, but as a nation. when you are trying to convince - you are trying to convince partners of the benefit of education, do you often use the economic argument? is it part of that? i economic argument? is it part of that? ~ , economic argument? is it part of that? ~' , ., of that? i think in terms of the partners _ of that? i think in terms of the partners what - of that? i think in terms of the partners what we - of that? i think in terms of the partners what we do i of that? i think in terms of. the partners what we do know of that? i think in terms of - the partners what we do know is that increasingly parents understand the value of education and we do know that some of the highest price on a per capita basis, paid education is paid by some of

the poorest people in a relational way, so, that does not seem to be the issue. i think 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 is a really difficult cell because politicians are worried about the next two or three years or even perhaps the next two or three months and the investments in education need to be long—term. find need to be long-term. and before we _ need to be long-term. and before we go, _ need to be long-term. and before we go, let's - need to be long-term. and before we go, let's take . need to be long-term. and before we go, let's take a i need to be long—term. and before we go, let's take a look at what we will be watching this week because on the economics calendar there is data due from south east asia. later today indonesia will release growth figures for iii quarter. household spending contributed to growth in the second quarter. and on tuesday china will release trade data and analyst will be paying particular attention to exports

figures for post pandemic demand recovery. australia central bank will be meeting to decide on the cost of borrowing. there are expectations the reserve bank of australia may hike rates to cool inflation after keeping them on hold in the past for meetings. then rounding off the week we will get the growth picture from iii quarterfor the philippines. that is it for this edition of asia business report. i will be back next hour so dojoin me if you can but for now thank you so much for watching. abc news, bringing you different stories from across the uk. preparing to embark on the uk. preparing to embark on the challenge of a lifetime and rowing to raise awareness about meningitis. rob lost his son barney to the disease 18 years ago when he was just three. 50

ago when he wasjust three. sr quickly. ago when he wasjust three. 5r quickly. you know, from being an amazing, bouncy three—year—old, within 12 hours he was dead. it is a terrible disease. it comes from nowhere. it is brutal. disease. it comes from nowhere. it is brutal-— it is brutal. that is like the bri . ht it is brutal. that is like the bright side _ it is brutal. that is like the bright side crew _ it is brutal. that is like the bright side crew are - it is brutal. that is like the | bright side crew are sailing 3000 miles unaided across the atlantic ocean to raise money for the meningitis charity and also the get ahead charitable trust. it also the get ahead charitable trust. , . . also the get ahead charitable trust. , ., ., ., ., trust. it is amazing what rod is doinu trust. it is amazing what rod is doing and _ trust. it is amazing what rod is doing and the _ trust. it is amazing what rod is doing and the crew. - trust. it is amazing what rod is doing and the crew. we i trust. it is amazing what rod i is doing and the crew. we raise funds that go towards education and research and equipment. it and research and equipment. it is hard to prepare for something like this. it really is. something like this. it really is if— something like this. it really is. if people can get through awful— is. if people can get through awful things like what rod's family— awful things like what rod's family have had to go through and lots — family have had to go through and lots of others, i am sure we can— and lots of others, i am sure we can survive 40 days on this boat — we can survive 40 days on this boat |t— we can survive 40 days on this boat. , , . , boat. it is very much us against _ boat. it is very much us against nature. - boat. it is very much us against nature. rod i boat. it is very much usi against nature. rod has boat. it is very much us i against nature. rod has put boat. it is very much us - against nature. rod has put so much time and effort into the meningitis now charity and i

feel honoured to be a part of it. voice-over: bbc news, - bringing you different stories from across the uk. zachis zach is one of 50 meals on wheels volunteers are known as a delivery angels, delivering 150 hot meals a day into the community and with or without a tractor delivery they say the service is more important than

ever. , , service is more important than ever. , ., service is more important than ever. , , service is more important than ever., , ., ever. gives you a couple of da s ever. gives you a couple of days or _ ever. gives you a couple of days or three _ ever. gives you a couple of days or three days - ever. gives you a couple of days or three days where l ever. gives you a couple of l days or three days where you don't have to cook and it is a big help and the mills are absolutely fantastic. i absolutely fantastic. i thought, "well, this is an unusual_ thought, "well, this is an unusual thing. the food angels arose" — unusual thing. the food angels arose" so _ unusual thing. the food angels arose." so happy if you want the cattle _ arose." so happy if you want the cattle filling with water or a — the cattle filling with water or a stiff top taking off your jam — or a stiff top taking off your jam pot _ or a stiff top taking off your jam pot. they are always a help — jam pot. they are always a help |s— jam pot. they are always a hel. , ., ., ., , help. is the population ages, demand for— help. is the population ages, demand for services - help. is the population ages, demand for services like i help. is the population ages, demand for services like this| demand for services like this is growing. demand for services like this is growing-— is growing. people are living loner. is growing. people are living longer. budgets _ is growing. people are living longer. budgets are - is growing. people are living longer. budgets are cut i is growing. people are living longer. budgets are cut so l is growing. people are living l longer. budgets are cut so the service is really important. people are living isolated so meals on wheels is a service thatis meals on wheels is a service that is vital stop last year we did it with a horse and carriage. this year we thought what could we come up with that was a little bit different and we know a member of our team, and mother owned a tractor, so she said "you can borrow it for the morning." that is why we are going on a tractor. more?

the morning. " that is why we are going on a tractor. now the team has _ are going on a tractor. now the team has to — are going on a tractor. now the team has to decide _ are going on a tractor. now the team has to decide on - are going on a tractor. now the team has to decide on the i are going on a tractor. now thei team has to decide on the form of transport for next years national meals on wheels week. hello. i am 0lly foster and these are your sportsday headlines. it is a virat happy birthday. virat kohli hit another world cup century as india win again. there is a crucial goal and an even more important message from liverpool's lewis diaz. and novak djokovic keeps the unbeaten run going as he wins the masters in paris for a seventh time. welcome along to sportsday. can anyone beat india

at the cricket world cup? another statement win from the host today as they thrashed south africa, the teams closest to them on the table. virat kohli on his 35th birthday equalled the record for most one—day international centuries. his 49th 0di 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 departing forjust five. the wickets continued to tumble in kolkata. jadeja took five of them, just days after bowling sri lanka out for 55, they knocked south africa over forjust 83. both teams have already qualified for the semifinals 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 as just before