and because you're worth it — we look at how l'oreal wants to give its china business a glow up. hello and welcome to asia business report. i'm suranjana tewari. prepare for 90 days of red sea disruptions. that is what shipping advisers are warning clients following the recent attacks on ships by iran backed houthi rebels. beyond consumer goods, one sector feeling the heat is oil. the price of brent has climbed 6% this weekend, with many giants like bp having to stop transporting crude

through those routes. 0vernight, oil prices dipped, but will it last? for a closer look at the energy markets, let's speak to rebecca babin. she is a senior energy trader at cibc private wealth. great to have you on the programme. how much other concern is this price rise? 50 how much other concern is this price rise? ~' how much other concern is this price rise? ~ _, . rise? so i think the concern right now is really _ rise? so i think the concern right now is really kind _ rise? so i think the concern right now is really kind of _ now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal, what it is concerned with right now and the reason it has risen 6%, is because the shipping costs associated with travelling around the southern tip of africa to reach its destination as around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market

has not entered a panic mode, as we've seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re—routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen some rhetoric back and forth between the united states and the houthis in regards to the us potentially considering some military strikes on houthi basis, and then the houthis saying that they will not stop targeting ships in the red sea, regardless of the us's coalition they formed to try to provide safe passage across the suez canal, so what we have seen... i do passage across the suez canal, so what we have seen... i do apologise for interrupting, _ what we have seen... i do apologise for interrupting, rebecca, _ what we have seen. .. i do apologise for interrupting, rebecca, but- what we have seen... i do apologise for interrupting, rebecca, but we i for interrupting, rebecca, but we

are running out of time, ijust wanted to quickly ask you. it sound like the market is going to pricing these rights for now, but oil affects everything, our consumer goods, so many sectors. what can be donein goods, so many sectors. what can be done in the interim while these prices are on the rise?- done in the interim while these prices are on the rise? there is not a lot that can be _ prices are on the rise? there is not a lot that can be done. _ prices are on the rise? there is not a lot that can be done. is _ prices are on the rise? there is not a lot that can be done. is the - a lot that can be done. is the honest answer. we are lucky that there is an alternate route that is available, because the price impact would be much worse if there was not the stub so i think initially, we're to absorb this price increase, but bearin to absorb this price increase, but bear in mind crude is down on the year and well off the highs that we saw this summer. prices of gasoline in the united states are well well below, some of the highs we have seen, so although this does look like a big increase, it is not as extreme as events we have seen in the past. extreme as events we have seen in the ast. , . extreme as events we have seen in the ast. , , , ., the past. rebecca babin, senior ener: the past. rebecca babin, senior energy trader — the past. rebecca babin, senior energy trader at _ the past. rebecca babin, senior energy trader at cibc _ the past. rebecca babin, senior energy trader at cibc private . energy trader at cibc private

wealth, thank you very much for your time. a number of us news outlets are reporting the heads of entertainment giants warner brothers and paramount have met for several hours to discuss a potential buyout. sources originally told axios a deal would likely involve warner brothers buying either paramount global or its parent company. neither company has commented yet. but we will bring you details if and when we get them. cyber attacks have closed australian ports, shut down systems at las vegas casinos and prevented a bank from clearing trades. and that's just over the recent months. there has been a jump in attacks this year, compared to 2022, according to our next guest. for more on what is driving the rise, let's speak tojosh kennedy white from divisionx global, a consultancy for start ups. josh, great to have you on the programme. are you seeing a spike in the number of cyber attacks and what

is behind them?— the number of cyber attacks and what is behind them? good morning. thank ou for is behind them? good morning. thank you for having — is behind them? good morning. thank you for having back— is behind them? good morning. thank you for having back on _ is behind them? good morning. thank you for having back on the _ you for having back on the programme. there certainly has been an increase. i would love to come on the show one day and say they're coming down, but i cannot say that. they are increasing in impact probably by 25% a year, in all areas, ransomware, data breaches, and really it is all about the money. cyber incidences are rising because the gains are huge and because the gains are huge and because of adding caught is smaller. reps of the greatest transfer of economic wealth in history. think about $10 trillion. you could end world poverty, you can fund the bbc for 2000 years. it is the equivalent of robbing four knocks every week for a year, and the reason why this is happening is our economy is undergoing a profound digital revolution and we lots of connected devices, sharing information to make our lives easier and we are privatising convenience over safety, and this huge volume of data combined with the connectivity

creates more gaps invulnerable at the —— gaps and vulnerabilities. i the —— gaps and vulnerabilities. i wasjust going to the —— gaps and vulnerabilities. i was just going to ask how business is to protect themselves. what are you telling your clients?— you telling your clients? look, des - ite you telling your clients? look, despite all _ you telling your clients? look, despite all the _ you telling your clients? look, despite all the hype, - you telling your clients? look, despite all the hype, there's i you telling your clients? look, | despite all the hype, there's no silver bullet, there's no one correct down acting that will solve i think it comes down to three things to combat cybercrime. it sounds obvious, but a lot of people don't they understand what the crown jewels are, but there really three things — curiosity, priority and diligence. curiosity is about staying informed, understanding the nature of the changing cyber threats, learning about new vulnerabilities and how they might impact you. priority is about giving cybersecurity the importance it deserves for the risk you are trying to mitigate. that means allocating resources, time and attention, etc. and elastically diligence, and that is following up, consistently applying 30 practices, updating software, patching, all the boring stuff, and just testing what shape

you are in. stuff, and 'ust testing what shape ou are in. , w stuff, and 'ust testing what shape ou are , ~ you are in. josh kennedy white, on the rise of— you are in. josh kennedy white, on the rise of cyber _ you are in. josh kennedy white, on the rise of cyber attacks, _ you are in. josh kennedy white, on the rise of cyber attacks, many - the rise of cyber attacks, many thanks for your time. turning to china now and the beauty industry, which is the second largest market in the world. french giant l'0real established itself in china back in 1997 and now has 26 brands in its portfolio. we caught up with fabrice megarbane, who oversees the china business, and asked about market outlook as well as the role of artificial intelligence in its future plans. so we've been in china for the past 26 years and have been witnessing the development of this market. today, the market in china is the second largest in the world, and our business here in china is also the second largest business in the world. so we've been growing in china and, i have to say, with china. we've seen the consumer also changing a lot in terms of behaviour. i have to say they're becoming very, very educated.

you know, they spend a lot of time reading about beauty, about ingredients, about products. they also develop certain knowledge in terms of choosing also the right product for them inside their more complex routines. and they are very connected and extremely savvy when it comes to beauty tips, beauty routines — and i have to say, particularly the young ones. we've seen — and that's probably very specific to china — we've seen the young consumers, the gen z, as we call them, extremely beauty addicts, in terms of choosing the best quality, the best innovation and connecting with brands all over china. looking at the generative ai that is coming in, we're obviously seeing the application in beauty, but we always have our ethical and value frames, you know, to have a transparent and authentic communication with our consumers. in china, there is a lot of chatbots interacting with consumers

when it comes to online sales, during big festivals, and i think the capacity today to train this chatbot to be even better, in terms of learning how to answer consumers, is also at the heart of bringing a better service to consumers and being able to address, you know, a very big number of demands in a very short period of time. we have to co—work with the ecosystem, contribute also to the ecosystem. and this is where i believe, in china, there is a very complex and developed innovation ecosystem from mainstream to downstream. so i'm speaking about, obviously, partners and retailers, but also some raw material partners, where we can really work together in order to develop further our business here in china.

in some other news now, the bangladeshi prime minister, sheikh hasina, has launched her campaign for a fifth term in office. she's told a rally that if re elected, she'll turn bangladesh into a developed nation. under her rule, bangladesh has witnessed unprecedented economic growth, but rights groups have accused her government of human rights abuses. the main opposition party has urged voters to boycott what it's calling a "dummy election". thousands of people have taken to the streets of buenos aires in the first big protest against the new argentine government's economic shock policies. the march, led by groups that represent the unemployed, made its way to the plaza de mayo in the centre of the capital. argentina's new president, javier milei, has announced radical measures to revive the economy, including spending cuts and a drastic currency devaluation. that's it for this edition of asia business report. thanks for watching. bringing you different stories from across the uk. i was fat for 20 years. i needed something more to break that relationship between overeating

and overindulgence. liz says she's been overweight for most of her life, and when she started hearing about a weight loss jab that suppresses your appetite, she instantly wanted it. one of my friends had lost, i think, 11 stone herself using saxenda, and she'd posted her before and after and it was just so radical. so i went online and you can buy it from many pharmacies. in under a year, she lost ten stone. when you hear about the shortage for diabetes patients, liz, does it make you want to stop using it? it would personally make me think twice of using it if i thought i was taking it away from a patient with diabetes. and it's that shortage of saxenda, also known as glp—1, that has local gps worried. we're still having some difficulty getting the glp—i medication for our diabetes patients. there are people who really need it for their health, either with significant obesity or with diabetes. they do have quite significant side effects. so they should really be used only with a proper consultation with a doctor and not online or from somebody on the internet,

where it really is dangerous. for more stories from across the uk, head to the bbc news website. hello, i'm levi with the catch up. first, two teenagers, a boy and a girl, have been found guilty of murdering 16—year—old brianna ghey in a park near warrington in february. brianna was stabbed 28 times after being lured to the park by someone she believed to be herfriend. the trial heard that the guilty teens, named only as x and y for legal reasons, had a fascination for murder, violence and torture and wrote a handwritten list of people they wanted to kill. if you've been affected by any of this, you can get help and support on bbc action line. some other stores now.

a rimmel london advert has been banned for playing on young girls' insecurities. it featured an ex—love islander putting on make—up and said, "get ready to slay the back—to—school season." the advertising standards authority said the ad implied that girls were more likely to succeed at school that they wore make—up. and a new covid variant is on the rise. thejn.1 variant has been found in the uk, the us and china, but the risk to the public is currently low. some good news now. an eight—year—old girl has been crowned best female player at the european blitz chess championships. bodhana, from harrow in north—west london, scored 8.5 out of 13 and even defeated an international master. she's been playing since she was five and said she felt proud of her new title. and time to leave you with ten seconds of christmas. look at this festive tractor parade making its way down a country road in east suffolk. it raised thousands of pounds for charity as well as bringing festive cheer to the community. you're all caught up now. have a good night!

hello and welcome to sportsday with me, 0lly foster.

here's what's coming up for you on sportsday. liverpool cruise into the efl cup semifinals by thrashing west ham at anfield. nuno espirito santo is back in the premier league. kenny stopped nottingham forest's slide down the table? —— can he stop? and two brothers could face off against each other in next year's paris 0lympics, competing for different countries. hello there. the liverpool manager jurgen klopp says it was "a top performance from start to finish" after reaching the league cup semifinals. they only led 1—0 at half—time but thrashed west ham 5—1 at anfield. curtis jones scored twice after the break. there were also goals from szoboszlai, gakpo and salah. the draw for the semifinals was made

after the game and liverpool