welcome. beginning with the latest in the us china— us chip war because the commerce department in the us says it will be tightening exports on rare earths, think to counter the act, coming ahead of a much anticipated planned meeting between the leaders of the two biggest economies in the apec san francisco summit. the vice president of china is in singapore and has addressed the bloomberg new economy forum where some of the biggest names in economics and politics are gathering this week. what he said was quite interesting, he was basically saying that the idea of globalisation was irresistible and irreversible. and that any efforts to enact protectionist policies would lead to nowhere.

the title of his speech was unpacking the new order. i think what he was basically talking about was the united states leading western efforts to try to impose technology sales to china to make china less capable with things like chip making and green technologies and i have to say that many people in that room, business delegates, would probably agree with him. the old order, if you want to call it that, the idea of countries making stuff that is the quickest and efficient countries, making it and then selling it so people who need it, i think that worked for many businesses. the problem is that western governments were not that happy about that because if you have a dominant partner, that does pose a threat to you if you are a western country and that is why you see chip technology

restrictions in the us and the retaliation, the rare earths potential ban or at least restriction of what china has to the rest of the world. this is fundamentally what the tension is at this conference. how do you keep global supply chains sleek and the business community happy but how do you balance that with competing governments or political interest that you see from the world's leading powers? the us stock exchange is preparing to delist wework, after it was filing for bankruptcy in the us. once worth 47 billion dollars the company struggled under the weight of a huge debt pile and a failing management style, the former executive said he said the anticipated bankruptcy was disappointing.

some argue he was exactly the sort of dynamic charismatic leader that successful start—ups need. but others said his style is not forthright. we have spoken to an expert and she gave me her appraisal of his leadership. although he is very passionate in terms of his purpose at wework, but it is the extrovert sense of really getting people to manipulate in terms of what he was doing with both the investor buyin and also his team buy in as well. do you think they almost have to oversell the business model in order to at least get on the path of success 7 i don't think they have to oversell but i feel like these days with their global markets so open, it is more competitive than ever and in order to be disruptive you really do have to sell your vision and be confident in your vision so sometimes i think overselling happens by default. what would be your advice to a want

to be entrepreneur in the future? confidence is fantastic and having a clear vision but you also have to make sure you have people following that vision and you are leading with purpose and integrity as well. because many of these companies, they fall down when integrity comes down to it and we want to see more leaders leading with purpose and integrity. notjust with a very transparent agenda in mind. in australia, its second—biggest telco, optus, says it is trying to work out what affected its failure to operate this morning. the company has not specified if this was caused by a cyber incident. lastly, as cyber breach and optus expose the personal details including home addresses and passport numbers of millions of customers.

talking about oil prices, us crude oil has hit the lowest level sincejuly, falling below $78 per barrel. our report is from new york. at the end of september, we saw oil nearing $100 a barrel, a psychologically important marker as consumers feel their cars with gas and heat homes and while the price of oil does not contribute to the core inflation that the federal reserve likes to gauge, it does contribute to headline inflation and the direction people feel prices are moving now a reversal, with crude oil falling to its lowest price sincejuly. one factor is the israel—hamas war. we saw prices spike during the first week of violence in the worry that hostilities could spread into a wider regional conflict, drawing in oil—rich neighbouring countries. a month in, the fear is stabilising. another factor is slowing global demand. as revealed in china's export data. exports fell more than 6% year over

year in october and that marked the sixth consecutive month of falling exports. another thing that lowers demand is a strong dollar. that makes oil more expensive for holders of other currencies to purchase. we told you about the earth shot price and one of the winners is an indian start—up. as for as technologies has built a unique and low cost drying machine that prolongs perishable shelflife. this report western india. here is a shocking statistic. more than one third of all fruits and vegetables and up in landfills like these. these solar powered dryers could be one solution

to the big problem. all operated by rural women, they use natural heat in three different ways to completely suck out moisture from fresh produce. this is not exactly a high—tech device at all, with any complex technology, or chips, but these dryers expand the life—cycle of perishables, like onions or tomatoes that otherwise would have rotted. it is a frugal, low cost climate friendly solution to preserving second rate produce that normally does not find a market. once dried, the produce comes to this factory, which processes eat further into packaged food that is sold to big companies and restau ra nts. the farm to factory chain gives growers and assured market and cuts out the middleman but growing the business comes with many challenges. onboarding women is initially a challenge. i have to tell them

about the technology and how it works. the second thing, the training because when we install the dryers, every day we need to give them the instructions on how to use the dryer and create a good value added products. for the localfarmers, this has been a game—changer. at the crack of dawn, this man is sorting his onion harvest to be sent to the drying facility. translation: many times the lower grade crops - would not get sold. nearly half of what i had grown would rot. now, all the food gets picked up at the farm gate and my income has gone up substantially. sas want to touch the lives of millions such farmers in the next few years. it is a lofty goal but tech solutions like these, if scaled up, can help transform the lives of some of india's poorest communities.

before we go, other business news, consumer and environmental groups have taken a legal complaint to the european commission, accusing major drink and food companies of greenwashing, making false claims about 100% recycled water bottles being recyclable. this includes danon, nestle and coco cola. the claim says the products are never wholly made of reused materials. ubs has registered its first quarterly loss in six years, reflecting the impact of the takeover in march of its failing rival credit suisse. the largest bank in switzerland says its net loss was $785

million for the quarter and it says it was pressured for buying credit suisse for over $3 billion in march. global wine production is on course to fall to its lowest level in more than six decades. the international organisation for vine and wine says output is expected to drop by 7% compared to 2022. it has blamed extreme weather events in the southern hemisphere as well as some parts in europe, which have led to poor harvests. that is if it for this edition of asia business report. i will be back next hour so thank you for joining us. voice-over: bbc news, - bringing you different stories from across the uk. clocking up the kilometres on the conwell north coast, this mother is taking an recent challenge. mother is taking an recent challenge-— mother is taking an recent challenge. trying to find as much varied _ challenge. trying to find as much varied terrain - challenge. trying to find as much varied terrain as - challenge. trying to find as much varied terrain as i - challenge. trying to find as| much varied terrain as i can and ifind the most much varied terrain as i can and i find the most beautiful places in cornwall to run! she is from a _ places in cornwall to run! she is from a family _ places in cornwall to run! she is from a family of— places in cornwall to run! she is from a family of runners but it was only when she started fundraising for a hospice that cared for a dad that she got

the bug. cared for a dad that she got the bu. ., ., , , the bug. train from my first marathon — the bug. train from my first marathon and _ the bug. train from my first marathon and realised - the bug. train from my first marathon and realised i - the bug. train from my first l marathon and realised i loved it and loved running long for five years ago i entered my first race, my first ultra marathon and from there it has grown and grown. i love to see what you think i can push into. limit or not, at —— 100 kilometres is a and currently she can still run quite fast and represented great britain in the world championships in austria in the summer.- austria in the summer. 6500 kilometres — austria in the summer. 6500 kilometres of _ austria in the summer. 6500 kilometres of climbing - austria in the summer. 6500 kilometres of climbing in - austria in the summer. 6500 i kilometres of climbing in some amazing mountains. the hardest race i've ever done but the best feeling to finish because not only was are in the great britain event but my son was at the finish and my sister was there as well and it was magic.

this is the catch up. and israel gaza update, plastic packaging claims and a session in the sky. starting with the king's speech, but it is written by the government to mark the state opening of the state parliament, there were crowns, carriages and fancy robes and the whole point is to give us an idea of what ministers are planning over the next year. here are some of the main points: a ban on landlords evicting tenants without a clear reason, and a crackdown on flavoured vaping but a bill to ban conversion therapy is missing. labor's says the plans are gimmicks and a new low. some of the stories now and more than 160 children are being killed every day in gaza. those figures are from the world health organization and it accuses israel of breaking international law by attacking healthcare sites. israel says the strikes

are legitimate. next, calls for neck guards to be made compulsory for ice hockey players, from a coroner after the death of nottingham panthers player adam johnson, hit in the neck by an ice skate. he was 29. and are coca cola nestle plastic water bottles, are they really recycled 7 some environmental groups have complained to the eu, saying the claims are misleading. the companies say they are trying to reduce the amount of plastic packaging they use. and time to leave you with ten seconds of in—flight entertainment. this is an irish traditional music group putting on a show for passengers on a flight from frankfurt to dublin on sunday while it was delayed on the ground. you are all caught up! have a good night.

hello and welcome to sportsday — i'm gavin ramjaun. maxwell's masterclass in mumbai puts australia into the cricket world cup semi—finals as they beat afghanistan in a thriller. haaland the hero at the etihad, he puts injury concerns to one side, to send manchester city into the champions league knockouts. and milan come back to beat psg —

it's wide open in their group after dortmund did the double over newcastle. hello and welcome along to the programme where we'll start with an absolutely thrilling game at the cricket world cup — a spectacular double century from glenn maxwell saw australia clinch their spot in the semi—finals. they beat afghanistan, but it really was the maxwell show in mumbai, asjoe wilson reports. somehow afghanistan retains this flag and this identity through cricket. only, it must be stressed, male cricket. in this world cup, they keep surprising. in mumbai, ibraham zadram said he was inspired. he batted through 50 overs and became the first afghan to make

a world cup century. the team made 291.