a sense of relief as a major conference for asia pacific leaders ends in san francisco. the us presidents said there will be more treated indo—pacific but there are still more work to be done. plus — the everything store goes the extra mile. us shoppers will soon be able to buy their next car on amazon and have it delivered to their homes. hello and welcome to asia business report. i'm suranjana tewari. we begin with the latest from the summit at the asia pacific economic cooperation forum in san francisco. the us presidentjoe biden has said that substantial progress has been made on the indo—pacific economic framework, a ill—nation group

created by his administration. biden has been seeking to reassure apec nations about america's commitment to the region, despite beijing's efforts to expand its influence there. for more on this, we're joined live by our asia business correspondent, nick marsh. good to see you. what details do we have on what biden said? president biden basically said that the indo—pacific economic framework isn't dead, but he didn't really offer much more than that and i think if you're being charitable, or harsh, i do know how you would categorise it, you would pretty much say he is putting a brave face on things, because no agreement has been reached, the latest stumbling blocks apparently were over trying to secure workers�* rights, environmental protections, and i think that really goes to the heart of the problems at this apec forum because for all of

the progress we�*ve seen on the diplomatic front in the us china relationship for example, the mood music there has been undeniably positive, the economic issues are much harder to unpick. the us knows that china dominates this region economically, that�*s fundamentally what is behind the framework, they are trying to be a rival in terms of trade to be a rival in terms of trade to china, getting these countries on board as an attractive, cheap, better alternative to china is going to be a lot harderfor the united states, much more work to be done, president biden said. ., ,., to be done, president biden said. ., ., , said. there are so many treaties _ said. there are so many treaties in _ said. there are so many treaties in the _ said. there are so many treaties in the region i said. there are so many i treaties in the region now. it's treaties in the region now. it�*s very confusing. what would a smaller economy in asia benefit from, how would they benefit from, how would they benefit from, how would they benefit from this kind of trade deal? . �* , ~ deal? that's the thing. with something _ deal? that's the thing. with something like _ deal? that's the thing. with something like ipef, - deal? that's the thing. with something like ipef, these| deal? that's the thing. with i something like ipef, these are kind of general agreements, they are not actually hammered out free trade agreements. these are kind of a consensus

to do business with each other, it�*s called a framework for a reason, it�*s not something which is set down in law. the united states is basically trying to say, we are in this region as well, 60% of our exports go to this apec region, we are a pacific nation, china isn�*t the only big player out there, but to convince them that i have the economies of scale, the manufacturing ability that china does, it�*s not really there at the moment. fascinating, thank you. this is the first engage in face—to—face since this time last year. in the interim we have seen us china ties go

through a period of volunteering guilty. that said, volatility. we have seen a flurry of negative equity in the past three months, so when we look at some of the outcomes around ai we look at some of the outcomes around al or a restructuring military dialogue or even... these are all positive things, looking to reinject some momentum back to the relationships. the big caveat here is that these also grim as that are very much on the sidelines of bilateral ties. the larger issues, ranging from trade, technology to taiwan and human rights, there is more thorny issues, we haven�*t really seen a lot of progress of those and those of the structural issues which will continue to weigh on the relationship as we head into 2024 and the cover the rest of this whilst at the meeting was on the sidelines for much larger summit involving many more countries. what does this mean for those other asian economies who are in san francisco at the moment? just phrased it as everyone breathing a sigh of relief and

i think that�*s very true for those asian countries who are looking at the us china relationship very closely. the us for many of these countries is the most important security partner and for the same countries, china is the most important economic markets of this idea of having to choose a site, that�*s a nightmare, something that no asian country wants to do and many of them really feel caught in the middle. so the fact the two sides are sitting down, not just at the presidential level, the fai will likely see an expansion in engagements heading into next year, that�*s all positive, something which will bring a lot of certainty and relief to a lot of asian business leaders but at the same time i still think a lot of people are holding their breath, there are a lot of tensions around taiwan, the south china sea in the last couple weeks, so there is a bit of cautious optimism with into this but at the same time, the optimism is still there. fix,

this but at the same time, the optimism is still there.- optimism is still there. a lot of criticism _ optimism is still there. a lot of criticism that _ optimism is still there. a lot of criticism that the - optimism is still there. a lot of criticism that the deals i of criticism that the deals lacked any real substance. with artificial intelligence do you get the sense that these export controls for chips that are required in artificial intelligence are going to be able to be traded freely if they are produced in china? that�*s one of the big questions. there are two things to be examined. 0ne questions. there are two things to be examined. one is the fact that, are these agreements come to be implemented? even when we look at the agreements on fentanyl, that�*s been a point of discussion between the us and china for years now but in reality, the action here, the measures taken on a concrete way have been relatively limited and that is one of the reasons why this issue keeps coming back up. we can extend that same kind of logic around ai, particularly when we take a step back and remember that both china and the us are looking to be world leaders in this specific area of technology. 0ne this specific area of technology. one look at the us export controls, they�*re predicated as much as they are on national security as they

are on ensuring the us leads in terms of its innovative edge. so based on those parameters, what i expect that we are not as pretty a meaningful and back anytime soon. as the world moves away from fossil fuels, major energy producers are refocussing their economies. saudi arabia, qatarand dubai are investing heavily in businesses including sports and tourism. neighbouring bahrain aims to help future—proof itself by becoming a financial services hub. earlier i spoke to the director of fintech and innovation at bahrain�*s central bank, yasmeen alsharaf, and she told me how her country is planning to achieve that. what he rightly said, in bahrain we are diversifying our economy away from oil and gas. a bit of a history on bahrain�*s financial centre, we have one of the longest established

financial sectors in the whole of the region, dating back to the 19705. we are considering as a the 19705. we are considering a5 a financial —— considered as a5 a financial —— considered as a financial gateway. backed on our very progressive regulations, focusing on futuristic emerging financial bu5ine55 futuristic emerging financial business models, we have been able to grow our financial services sector, which today is one of the largest and actually it is the largest contributor to our economy, overtaking the oil and gas sector. we also have in place a very ambitious strategy to further grow this sector and to increase its contribution to the economy by 2026. we have a number of six subsectors in terms of focusing on markets, in5urance,... hong kong, london, new york, they have been around a long time, how can you help —— up to

compete with such established financial centres? we believe that fintech i5 financial centres? we believe that fintech is a great dad—mac for building 5ynergie5 that fintech is a great dad—mac for building synergies and cooperating with other leading financial centres across the globe. like singapore, in bahrain we are very progre55ive. we have established the first dedicated fintech innovation unit in the region, the first bunch of regulatory sandbox. we have also been pioneers in issuing regulations to support fintech activities such as crypto assets. just to name a few. amazon has reached an agreement with huyndai to start selling the auto—maker�*s cars on its e—commerce platform starting from next year. 0ur north america bu5ine55 correspondent erin delmore has the details. you can buy a lot of things on amazon but after all, it is nicknamed the everything store. but come next year, cu5tomers but come next year, customers in the us can buy what is

likely the most expensive and certainly heaviest amazon purchase of their lives, the everything 5tore purchase of their lives, the everything store is adding car5 everything store is adding cars to its menagerie of good starting with hyundai. it is a major upgrade to hyundai�*s digital showroom on amazon. right now cu5tomers digital showroom on amazon. right now customers can look at models, cu5tomers right now customers can look at models, customers the current get contact information for a dealer or follow get contact information for a dealer orfollow a link get contact information for a dealer or follow a link to their site but come next year, cu5tomers their site but come next year, customers in the us will be able to buy a hyundai and schedule a delivery from the dealer all through amazon. in 2025, new hyundai5 will be accessed by amazon�*5 shopping a55istant. henderson amazon announced the big news thursday at the los angeles auto show. the boss of carlsberg�*s russian business and a top manager have been arrested after the kremlin took control of the beer company. the pair were detained on wednesday. thanks for watching.

bbc news — bringing you different stories from across the uk. i just check that they�*re inverted, because they�*ve got to go in upside down, because the image is an upside down image, and then you can slide it in and you�*ve got the image the right way up. john strike, giving one last demonstration of the magic lantern he�*s owned since childhood. the projector is up for auction, along with hundreds of original slides depicting 5hipwreck5 along the cornish coa5t. the slides were collected byjohn�*5 father frank, who used to give public talks on them. but when he died in 1967, john took over. now, at the age of 80, he�*s decided to sell the trea5ured

family collection. well, i did my last talk about 18 months ago. i think there comes a time when you, as they say, you hang up your boots. and i think i realise now the time has come for me to stop. i�*ve gone past the emotional stage. it was difficult to make the decision. i�*ve been associated with these for well over 70 years now, and they�*ve been very much part of my life. i love them, i�*m really interested in them, i�*m still terribly passionate about them, but now i�*ve made my decision, then i�*m happy. hi. i�*m dylan with the catch up. tonight — inside a gaza ho5pital, more access to the pill, and world records. first up, after days of fighting in the area, israel�*s military has been searching gaza�*s biggest hospital, which they say is being used as a command centre for hama5, which runs gaza and is considered a terror organisation by the uk.

the bbc has been taken inside the al—shifa hospital by israeli forces showing what they claim are hama5 weapons and ammunition. the team are only taken to locations of israel�*s choice and weren�*t allowed to speak to doctors or patients. but the hospital�*s director says they run out of oxygen and water with hundreds of patients still inside. hama5 deny having a base there. if you want to read more about the israel gaza war, check out the bbc news app and the website. some other stories now. and from next month, it�*ll be easier to get the contraceptive pill in england. a new scheme means the pill and a few other prescriptions will be available over the counter. rapper travis scott has spoken for the first time about the deaths of ten people in a crowd surge at one of his gigs. he told gq he was overly devastated by the loss of life at his a5troworld festival two years ago. and the scottish health secretary says an £11,000 data bill racked up on his parliamentary ipad while on

holiday in morocco was caused by his sons watching football. michael matheson has paid all the money back finally here�*5 10 seconds of guinness world records day from driving a truck on two wheels to the highest pogo stick backflip and even a little bit of double dutch hand5tand skipping. these guys have some of the coolest records in the book. i mean, just look at that. that�*s it for me. you�*re all caught up.

hello and welcome along to sport5day with me, sara mulkerrin5. coming up on the programme... closer than expected — but it�*s au5tralia who are through to the cricket world cup final after a tense match against south africa. thi5 weekend�*s grand prix could be the coldest on record. it�*s the first time las vegas has hosted it for 41 years and temperatures are expected to plummet. and the new research programme helping to reduce injuries in female athletes by monitoring the menstrual cycle.