the search trends of 2023. hello and welcome to asia business report. i'm suranjana tewari. let's begin in the us where nike has unveiled plans to cut 2 billion in costs over the next three years. the announcement came after the sportswear company missed market expectations for quarterly sales and warned of lower revenues ahead. its shares fell by around 10% after the closing bell. michelle fleury has the latest from new york. once a taste maker, sneaker giant nike is falling behind, adidas and new balance are allowing the fashion set with their new styles and colour waves while runners increasingly have more choice thanks to new brands. nike set sales of footwear in north america, which is its

largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, that generated a total revenue of $13.39 billion. that's up i% from a year ago. nike executives said they are working to improve things announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line—up. it wants to increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million to $450 million. the boss said we are embracing a company—widejourney to invest in our areas of greatest potential, adding that the company sees an outstanding opportunity to drive long—term profitable growth.

after the retail giant warned that demand would continue to be weak for at least the next six months, investors are hoping this turnaround well and it nike's losing streak. the pentagon has announced the expansion of a naval protection force which they hope will ward off mounting attacks from yemen's rebel houthis on merchant shipping in the red sea. more than 20 countries have agreed to participate. the new effort would be called 0peration prosperity, with each country contributing what they can. it's played havoc with global shipping and hapag—lloyd, the fifth largest shipping company in the world, has become the latest to say it will avoid the suez canal. the company's spokesperson nils haput spoke to my colleague christian fraser — and explained just how disruptive it's been. we decided this week that we won't get any more ships through the red sea through the canal. and it's just a very severe security issue. we shouldn't forget that there

is not about vessels, it's not about the cargo, it is but the people on our ship. these are 20 — 23 men and women serving as our crew, and they need security and safety. this is at the moment nobody can guarantee. absolutely. that's the way it should be, but i'm still struggling to get a handle on how big of essays. are you saying you turned around 25 ships that would normally be going through the suez canal? yes, that's right. so when you put that with all the other shipping companies, what can we say? has it affected ten, 20, 30% of the world trade? how would you put it into some context for us in terms of what it's done to supply chains? i mean this is hundreds of ships. we are numberfive in the world. we have roughly 10% market share, sojust imagine the bigger ones, how many ships they will sail through the canal in the red sea. so this is hundreds of ships but in each to be diverted now, and for us, it means if i take

an example from the eastern met, from the eastern meant to singapore through the canal is 13 days. in the future, if we sail around the cape of good hope, this will be 31 days. so this is roughly three weeks more. you can imagine what that means for fuel consumption, what that means for supply chains and time, what that means for oui’ customers. of course, also for the crew. there's plenty more on those disruptions to shipping on our website. china has banned the export of technology used to extract and process rare earth metals —— which are crucial for the manufacture of advanced electronics, from computer chips to wind turbines and electric cars. the technology has been added to a list of items that can't be sold abroad for national security reasons. china is the world's main source of rare earths, but western countries have been trying to increase their own production.

it's the latest tightening of export rules in a growing battle with the west over access to technology. oil prices have fallen after angola said it ——the south african nation said it "currently gains nothing" by staying in the group. angola's exit raised concerns about the cohesiveness of 0pec — even though it is one of the group's smallest oil producers. the number of businesses making their debut on stock markets around the world has fallen this year from 2022. while sentiment is improving in the west, it is likely to remain shaky in the months ahead in mainland china and hong kong, according to our next guest. for more on this and the outlook for listings in 2024, let's speak to george chan from consultancy ey. george, great to see you and happy on the programme. what is the cause for this slowdown in hong kong and mainland china? thank you for having me today. yes, just to your point, 2023 is yet another tough yard for the ideal market,

especially in the asia—pacific regions. and we can sit that the number of down by 33%, just like you mentioned, principe drove by the china and hong kong which is to be the powerhouse. the main reason was for china, the chinese government, temporarily implementing what we call a periodic tightening policy in approving the ipo in the hope that it can actually boost the liquidity and also redirect funding to encourage industry and improve the quality of the ipo candidates. for hong kong, it is actually that peak interest rate and also hong kong has a very unique situation that most of those ideal candidates actually originate from china. given the china economic recovery is used to smaller than the expectation but is actually picking up, so all these factors combined that contribute to the cooldown of china and hong kong. how do you measure a year? is that how much time

you've spent with family, here are some highlights... in asia, this is what people have been googling. the most widely searched song was "idol" by the japanese pop duo yoasabi. popularity spiked after it became the opening theme of anotherjapanese cultural phenomenon , anime series "0shi no ko". indian cinema was another popular search. action flickjawan came in at number three... right behind summer blockbusters barbie and 0ppenheimer. indian cinema was another popular search. and because food is also a key part of culture... the most frequently searched recipe — korea's traditional rice dish bibimbap. google�*s bryant lim has been tracking all the latest trends on the internet�*s most popular search engine. it's been exciting, really coming to see the influence of asian—pacific on these trends, particularly the global lists the steps of some of the examples you mentioned where the most search notjust in asia but around the world.

to the train show up with anything with regards to the sport sector. there were huge interest in the baseball classic due to their historic win, depending on the country to have multiple titles of that. a lot of interest in the women's world cup just popped up in india, australia, really across the pacific. that was huge for audiences you can guess the countries who searched at the most. beyond the round of culture and sport, but about tech and science for people looking up any sorts of innovations. this is a really good year for al, and what we see in our search trends that many people are searching notjust tools like character ai and barred or newjourney, but specifically how to use them in their daily lives. so a lot of interest, really, in where they can access ai and really what are the implications of it today. it is really interesting how much asian pop culture came up. what does that tell us about what people are searching for going forward into 2024.

something we did special this year was we get a look back at the all—time most search in celebration of google�*s 25th birthday. if we look at the most searched boy band, it was bts, the most searched girl band was black pink. the most searched cuisine was chinese food, and the most searched movie genre was probably would. so we see a proliferation of asian food... apple watches have been removed from the website after court ruled that it infringed on the patent of a medical device company. reports suggest service teams have also been told out of warranty models will not be replaced going back to the apple watch six series. the company which makes technology which can read blood oxygen levels has accused apple of stealing the attack and hiring away its workers. plans

for our european super league of the ball might be back on track after the eu's top court ruled that they acted unlawfully by blocking the plans two years ago. the organisation that wants to create the league has put forward a new proposal and insisted that football fans can be convinced back to the competition. the premier league has that it continues to reject the concept of a european super league. thank you for watching. we will have plenty more coming up, headlines and news coming up up, headlines and news coming up at the top of the hour. bringing you different stories from across the uk. i bringing you different stories from across the uk.- from across the uk. i was fat for 20 years- _ from across the uk. i was fat for 20 years. i _ from across the uk. i was fat for 20 years. i needed - for 20 years. i needed something more to break that relationship between overeating

and overindulgence. liz relationship between overeating and overindulgence.— and overindulgence. liz says she's been _ and overindulgence. liz says she's been overweight - and overindulgence. liz says she's been overweight for i and overindulgence. liz says i she's been overweight for most of her life and when she started hearing about the weight loss jab that suppresses your appetite, she instantly wanted at. your appetite, she instantly wanted at— your appetite, she instantly wanted at. ., , , wanted at. one of my friends had lost, _ wanted at. one of my friends had lost, i — wanted at. one of my friends had lost, i think, _ wanted at. one of my friends had lost, | think, 11 _ wanted at. one of my friends had lost, i think, 11 stone - had lost, i think, 11 stone herself, and she posted a before and after and it was just so radical. so i went online and you can buy it from many pharmacies. in online and you can buy it from many pharmacies.— many pharmacies. in under a ear, many pharmacies. in under a year. she _ many pharmacies. in under a year. she was _ many pharmacies. in under a year, she was ten _ many pharmacies. in under a year, she was ten stone. - many pharmacies. in under a l year, she was ten stone. when ou year, she was ten stone. when you hear— year, she was ten stone. when you hear about _ year, she was ten stone. when you hear about the _ year, she was ten stone. when you hear about the shortage i year, she was ten stone. when | you hear about the shortage for diabetes patients, doesn't make you want to using it stop? it would make me think twice about using it. he it would make me think twice about using it- he— using it. he it does that shortage _ using it. he it does that shortage of _ using it. he it does that shortage of gpl - using it. he it does that shortage of gpl one i using it. he it does that | shortage of gpl one that using it. he it does that i shortage of gpl one that has local gps worried. we shortage of gpl one that has local gps worried.— local gps worried. we still have some _ local gps worried. we still have some difficulty i local gps worried. we still i have some difficulty getting the gop when medication for our diabetes — the gop when medication for our diabetes patients. there are people — diabetes patients. there are people who really needed for their— people who really needed for their health, even with significant obesity or with diabetes, they do have quite significant side effects, they really— significant side effects, they really should be used only with the proper consultation of a doctor— the proper consultation of a doctor and not online or from

somebody on the internet where it really — somebody on the internet where it really is — somebody on the internet where it really is dangerous. for more strays _ it really is dangerous. for more strays from - it really is dangerous. er?" more strays from across the uk, had to the bbc news website. hey, i'm zof with the catch up! tonight gambling adverts in football, a christmasjumper apology and flying deer. hey i'm zof with the catch up! ——hey i'm zof with the catch up! tonight eurostar delays, battle for christmas number one and flying deer. first, british sign language will be taught as a gcse in england from september 2025. it'll be open to all pupils, who'll learn about a thousand signs. the curriculum has been finalised after 12 weeks of consultation with input from deaf and hearing communities. the government first said it would consider introducing a gcse in bsl after 17—year—old danieljillings began campaigning for it when he was 12. here's his reaction... i just feel really excited today because i started campaigning in 2018, five years ago now, and then also covid happened which put a further delay on things but it is finally moving forward and i'm really excited

for the future and things rolling out quickly. ajudge has ruled that the names of the two 16—year—olds who stabbed the channel tunnel rail operator, eurostar, says there will be a progressive return to services, after eurotunnel workers in france staged a last minute strike. queues built up at st pancras station, where people had been hoping to travel for christmas. eurostar cancelled 30 trains earlier. mariah carey, sam ryder and wham! are all battling for this year's christmas number one. today is the final day for streams and sales to count before the christmas chart is revealed on friday. and primark has apologised after one of its employees was told she couldn't wear an irish printed language christmas jumper. time now to leave you with ten seconds of flying deer. these are not santa's reindeer but they are real deer, which were being airlifted for a health check in the us state of utah. you're all caught up,

cya later! hello and welcome to sportsday — i'm gavin ramjaun... a fresh set of proposals for a new 64—club european super league have been dismissed by uefa.

ajax crash out of the dutch cup to an amateur side, we'll bring you a round up of the latest action. and we'll have more on boxing's day of reckoning — with dubois—miller among the big—time heavyweight bouts in saudi arabia this weekend. hello there, and welcome along to the programme. fresh proposals for a new european super league of 64 clubs have been dismissed by uefa. europe's highest court ruled on thursday that football authorities were wrong to block controversial plans for a new european superleague. the project back in april 2021, would have included six top english clubs and six others from spain and italy, but it was withdrawn after a backlash from fans and politicians. andy swiss reports. they thought it was all over.