hello and welcome to asia business report. i'm suranjana tewari. we begin with the latest twist in the drama that rocked silicon valley this week. confirmation came from openai itself, the artificial intelligence pioneer saying on x it had struck a deal for its co—founder sam altman to be reinstated as its chief executive. the news came just days after the shock announcement that he had been ousted by the firm's board. the debacle has shone a spotlight on some of the biggest players in al and raised more serious questions about how the companies that control the nascent technology are run. earlier i spoke to wei sun, an ai expert from counterpoint research, who told me how the ai community in china has reacted to the news. the whole ai community, at least in china, are sleepless

watching the news and the story unfold every minute, and it does make a big impact, because chatgpt is currently the leading product in the large network models and asia, especially china, is keeping up and they are concerned on that matter. ., ., , , matter. how vociferous is the debate between _ matter. how vociferous is the debate between the - matter. how vociferous is the | debate between the so-called debate between the so—called tumours and the people trying to commercialise artificial intelligence here in the region? i intelligence here in the re . ion? ~ intelligence here in the reuion? ~ , region? i think it is somewhere in the middle. _ region? i think it is somewhere in the middle. people - region? i think it is somewhere in the middle. people are - region? i think it is somewhere i in the middle. people are more optimistic in china about how the large linkage models and area technology will bring to the daily lives and it makes our life more convenient and more productive —— large language. yes, there are some ethical debates and concerns regarding the openai and how the chatgpt

i , how powerful it is, how it could bring a danger to humanity. could bring a danger to humanity-— could bring a danger to humani .�* _ , humanity. are policymakers, governments, _ humanity. are policymakers, governments, are _ humanity. are policymakers, governments, are they - humanity. are policymakers, i governments, are they working to regulate fast enough here in asia? , ., ~' to regulate fast enough here in asia? , ., ~ asia? yes, i would think so. the governments _ asia? yes, i would think so. the governments are - asia? yes, i would think so. l the governments are actively involved, and also the academia, university are actively involved in the ai ethics exploration, especially in the un side. there is a board of formulating and there are some discussions year round about how to minimise the potential risks that al about how to minimise the potential risks that ai will bring to the consumers, to bring to the consumers, to bring out more positive impact rather. if bring out more positive impact rather. , ., u, bring out more positive impact rather. , ., _, , rather. if you could 'ust give our rather. if you could 'ust give your opinion h rather. if you could 'ust give your opinion of _ rather. if you could just give your opinion of what - rather. if you could just give i your opinion of what happened at openai, what is your reading of the situation? i at openai, what is your reading of the situation?— of the situation? i think at this moment, _ of the situation? i think at this moment, sam - of the situation? i think at| this moment, sam altman of the situation? i think at i this moment, sam altman is of the situation? i think at - this moment, sam altman is back in principal, so there are lots to unfold, but i would think that even though everything stays the same, everything is

different. sam altman and his team will gain more control over the board and also microsoft will likely, will be likely to have one or two seats on the board, so there will be more rapid or progressive product developments regarding to ai and the chat bots in the coming future if sam altman is back to the board and also the board is, the dynamic of the board, completely changing. let's turn our attention to binance now. us prosecutors have asked a federaljudge to enjoy the company's founder and former chief remains in the united states until his sentence hearing in february. becomes after cz to him as he is known, pleaded guilty to violating anti—money laundering laws. customers of the crypto currency exchange are beginning to worry about how the company will fair if cz ends up facing jail time.

erin delmore has more on the story. binance customers are absorbing the news and pulling their funds. the largest crypto change has seen outflows of billions of dollars in the last 24 billions of dollars in the last 2a hours. that is on the heels of news that its founder and ceo has pleaded guilty to charges of violating anti—money laundering rules and agree to pay a $50 million fine. binance agreed to pay $4.3 billion fine. us attorney general merrick garland called it one of the biggest penalties ever obtained. the data comes from a block chain allen since firm and that does not include bitcoin. the exchange's nato crypto currency, binance coin, also took a hit in value. the tea please and date year—long investigation into binance, but the company continues operating under the leadership of a senior binance executive. binance will also have a government appointed monitor and the company is required to ensure it's in combines with us

laws and the exchange is still the world's largest, holding more than $65 billion of assets. erin delmore reporting there. the pandemic changed how and where many of us work. and as more of us now work from home, demand for commercial property has fallen. all of this has helped to drive down the amount of money that investors are putting into commercial property in the asia pacific region, according to a new report by global real estate companyjll. earlier, i spoke tojll�*s asia pacific head of investor intelligence, pamela ambler, who told me more about this trend. the biggest theme we are seeing is this repricing pressure that assets are experiencing full somewhat does that mean? because of the high cost of debt, recently, and most markets are pretty much remaining in this price discovery mode, it means that buyers and sellers are figuring out what is the right price for

a specific asset. the buyers now have to leverage higher costs of capital in order to make acquisitions and the sellers are not willing to come down in price, so that gap exists, and it will likely exists, and it will likely exist for some time until we have a bit more clarity on where the fed is going and where the fed is going and where policy rates are going to normalise. the high cost of cancer drugs in india has proved a major hurdle to many of the 1.4 million people seeking treatment there. now a pooled drug buying initiative set up by a group of hospitals is aiming to slash the cost of cancer treatments by more than 80%. the bbc�*s india business correspondent archana shukla reports. a quiet revolution in india is bringing cancer care closer to home for many... ..like this man and his wife. after an arduous search

for breast cancer treatments in distant metro cities, the three—drug combo his wife needs is now available at a local hospital in their hometown in the far east corner of india at one third the price. translation: earlier, it cost| $650 for one treatment cycle. i had to sell land to pay. at least now we can afford the full treatment. it's the power of a connective effort. a network of cancer hospitals, including this one in rural assam, teamed up to buy medicines in bulk, securing up to 85% discounts for some critical drugs. bringing anti—cancer drugs to the poorest has been the toughest challenge in most parts of india, more so for hospitals like this that try to bring cancer care to people from low income backgrounds and in remote, ruralareas.

but here, too, the availability of advanced treatments is seen improving now. a pioneer in providing cancer care for the poor, this doctor struggled in the early days. no drugs companies would commit to regular supplies to smaller centres, but it's different now. the smaller hospitals don't have to get into the negotiation table, the price is already decided. and the cost at which the smaller hospitals will buy the drugs is much, much, much lower than what it would be if they had negotiated directly. from rural clinics to mumbai's top cancer centre, the network saved $170 million on the first drug purchase. negotiating for costly patented treatments, however, remains tough. i think what pharmaceutical companies need to understand

is in a market like india, unless you bring costs down, you are not going to get the volumes. it's not a chicken or the egg phenomenon. these wards have become homeless for many from far—away towns, and the success of this programme promises to stem this large—scale migration. that's a model other low and middle income countries can potentially replicate too. archana shukla, bbc news, assam. in the us state of washington more than 400 workers of the department store chain macy's are planning a three day strike from black friday through to sunday. they allege unfair labour practices and are demanding better wages. the fourth friday of november, or black friday, is on the busiest and most probable semi daysin days in macy's stores —— is one of the busiest and most profitable days in macy's

stores. the uk government's forecaster says the economy will grow much more slowly than expected in the next two years as inflation takes longer to fall. the office for budget responsibility slashed its growth outlook to 0.7% in 2024 and 1.4% in 2025. that's down from a previous forecast of 1.8% and 2.5% respectively. according to the office for budget responsibility, it could take up five to years for living standards to return to pre—pandemic levels. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories from across the uk. the 93 bus serves port carlisle and other villages along the beautiful solway coast. there's 17 villages between carlisle that this bus services. we have no shops. we have no post offices. we have very few social places like pubs or anything. they're all closed. people in these villages need this bus service.

the bus was threatened with closure last year and local people campaigned to save it, including the youngest in the community, here at kirkbride primary school. we decided to kind of protest and say, "no, we need that bus." and so the bus was saved after local councils agreed a £12,000 subsidy. but the money came to a stop earlier this year. so will stagecoach perform another manoeuvre to keep the service going? the 93 service at the minute, unfortunately, isn't carrying enough passengers to cover its operating costs, so we have agreed to continue operating it for the time being, but we are in discussions with the local authority in cumberland about how we can work together to try and keep that service going. for more stories from across the uk, head to the bbc news website.

hey, i'mjulia with the catch up. tonight, a budget breakdown, the israel gaza war and a k—pop update. chancellorjeremy hunt has shared the government's money plans in the autumn statement, but what does it mean? here's sam. every march, the government makes its main announcement about what it's going to spend its money on and how much tax we will all pay. today's announcement is like a mini version, but it doesn't mean it's not still important. here are three important bits — you'll be paying less national insurance tax from the 6th of january, the legal minimum wage will go up byjust over £1 to £11.44 per hour and the new rate will apply to those over the age of 21. some other stories. israel have reached a deal with hamas, the group that controls gaza, who the uk government have labelled terrorists. hamas will let 50 hostages go in a four—day pause in fighting, in exchange

for 150 palestinian women and children who will be freed from israeli jails. openai, the company behind chatgpt, have had a chaotic few days. the co—founder sam altman will return as boss days after he was fired by the board. staff were threatening to quit unless he was brought back. and four members of the k—pop band bts have enlisted in the south korean army, meaning they'lljoin their three older bandmates who are already serving. speaking of k—pop, we'll leave you with ten seconds of royal recognition. the king has given honorary mbes to the girl group blackpink. he praised them forjuggling superstardom with their support for environment causes. you're all caught up now. see you later.

hello, welcome to sportsday with me, hugh ferris. our top stories: lionel messi says it was insane in the maracana, as he condemns treatment of argentinian fans by brazilian police. ronnie o'sullivan threatens to quit snooker, saying he's at a crossroads in his career and relationship with the sport's bosses.

and relationship with i and relationship with mean, i have no option now. if i mean, i have no option now. if i cannot do what i need to do, which is play a lot in china, do my stuff out there, i won't ever play again. and novak djokovic says winning the davis cup again is one of his "greatest goals", with great britain preparing to upset the world number one. hello again. welcome along. lionel messi says argentina's historic win over brazil at the maracana on tuesday will be "marked by the repression of argentinians" after the game was delayed because of crowd trouble. both sets of players tried to intervene and restore calm after clashes broke out between fans and brazilian police in rio dejaneiro — scenes messi has

described as "insane" and "can't be tolerated". here's ben croucher.