with warnings of more pain to come. from korean food to bollywood cinema — 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, another 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 sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things announcing $2 million in cost us over the next three years. it plans to simplify its product line up and increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million, $450 million. the nikkei boss said we are embracing a companywide journey to invest in our areas of greatest potential, adding that the company sees an outstanding

opportunity to drive long—term profitable growth. and after the retail giant warned that demand would continue to be weakfor at demand would continue to be weak for at least the next six months, investors are hoping this turnaround will and nikkei's losing streak. was staying in the us, the pentagon announced the expansion of a protection force which it hopes well bored of attacks from yemen's houthi fighters in the red sea. the new effort would be called operation prosperity, with each company contributing but they can. the attacks have played havoc with global shipping and the fifth largest shipping and the fifth largest shipping company in the world has big car the latest to say it will avoid the suez canal. the company spokesman talked to my colleague and explained how disruptive it has all been. we decided it _ disruptive it has all been. - decided it was this week that we will not get any more ships through the red sea and through the canal. it is a very severe

security issue. we should not forget, it is not about vessels, it is not about the cargo, it is about the people on our strip. these are 20—23 men and women serving as our crew and they need security and safety and this is what at the moment nobody can guarantee. absolutely so. that is the way it should be. but i'm still struggling to get a handle on how big this is. are you saying you have turned around 25 ships that would normally be going through the suez canal? yes, that's right. so, when you put that's right. so, when you put that with all the other shipping companies, i mean, what can we say? as it affected ten, 20, 30% of the world trade? how would you put it into some contest demo context ferres in terms of what it has done to supply chain. this ferres in terms of what it has done to supply chain.- done to supply chain. this is hundreds — done to supply chain. this is hundreds of _ done to supply chain. this is hundreds of ships. - done to supply chain. this is hundreds of ships. we - done to supply chain. this is hundreds of ships. we are i hundreds of ships. we are numberfive in the hundreds of ships. we are number five in the world and have roughly 10% market share. just imagine the big ones, how many ships they will sail

through the canal and the red sea. this is hundreds of ships would need to be diverted now and for us it means, if i take and for us it means, if i take an example from the eastern met, so from the eastern mediterranean to singapore through the canal is 13 days. in the future, if we sell around the cape of good hope, this will be 30 this is roughly three weeks more. you can imagine what this means for fuel consumption, what that means for supply chains and time, for our customers and also the crew. in time, for our customers and also the crew.— also the crew. in other news, china has banned _ also the crew. in other news, china has banned the - also the crew. in other news, china has banned the exportl also the crew. in other news, i china has banned the export of technology used to extract and process rare earth metals, which are crucial donna crucial for the manufacturing of advanced electronics from wind turbines and electric cars. the technology has been added to a list of items that cannot be sold abroad for national security reasons. china is the main source of rare earths but western countries have been trying to increase their own

production. 0il trying to increase their own production. oil prices have fallen after angola said it would leave the organisation of petroleum exporting countries. the african nation said it currently gains nothing by staying in the group. angola's exit raise concerns about the cohesiveness of epic, even though it is well of the group's smallest oil producers. -- opec group's smallest oil producers. —— 0pec during the pandemic, it seemed we could not go a week without a company making their debut on the stock market. since 2022, the number of public listings as follows to while sentiment is improving in the west, it is likely to remain shaky in the months ahead in mainline chanda donna china and hong kong. that is according to a spokesman from consultancy ey who told us this year has been another tough run for ipos in asia. we year has been another tough run for ipos in asia.— for ipos in asia. we can see the number _ for ipos in asia. we can see the number is _ for ipos in asia. we can see the number is down - for ipos in asia. we can see the number is down by - for ipos in asia. we can see the number is down by 80%| for ipos in asia. we can see i the number is down by 8096 of the number is down by 80% of the number is down by 80% of the poster by 40%. principally drive by the kuh down in the

china and hong kong used to be the ideal powerhouse. the main reason was with china — the chinese government is temporarily implementing what we call a periodic tightening policy in approving the ipo in hope that it can actually boost liquidity and also redirect funding to encourage industry and also improve the quality of the ipo candidates. for hong kong, it is actually the peak interest rate and also hong kong has a very unique situation that most of its ipo candidates actually originates from china. given the china economic recovery is used to expectation but is picking up, so these factors combined contribute to the cooldown of china and hong kong. haw contribute to the cooldown of china and hong kong. how do you measure a — china and hong kong. how do you measure a year? _ china and hong kong. how do you measure a year? is _ china and hong kong. how do you measure a year? is and _ china and hong kong. how do you measure a year? is and how - china and hong kong. how do youj measure a year? is and how much time you spend with your

family, how much money you made, or is it what you search for online? here in asia, this is what people have been googling in 2023 when it comes to music, the most widely search song was idle by the japanese pop duo. the popular despite after it became the opening theme of the popular anime serious. indian seminar was another popular search. an action flick came in at number three. that was right behind summer blockbusters barbie and 0ppenheimer. because food is the way to our hearts, the most frequently search recipe career cosmetic traditional rice dish bemm bemm bob. brian then gave me a rundown of what the trends are for the year. it me a rundown of what the trends are for the year.— are for the year. it has been excitin: are for the year. it has been exciting to _ are for the year. it has been exciting to see _ are for the year. it has been exciting to see the - are for the year. it has been j exciting to see the influence of asia pacific on these trends, particularly the global list. some of the examples you mentioned were the most search notjust in asia but around the world. �* . , .

notjust in asia but around the world. �* ., , ., , notjust in asia but around the world. �* ., , , ., world. and it was a big year for sport. — world. and it was a big year for sport, wasn't _ world. and it was a big year for sport, wasn't it? - world. and it was a big year for sport, wasn't it? did - world. and it was a big yearj for sport, wasn't it? did the trench up anything with regard to the sports sector? timer;r trench up anything with regard to the sports sector? they did. take for instance, _ to the sports sector? they did. take for instance, in _ to the sports sector? they did. take for instance, in japan, - take for instance, injapan, there was huge interest in the world baseball classic. that's no doubt due to their historic win, japan being the only country to have multiple titles and that. a lot of interest in the women's world cup. we saw that interest pop up in india, australia — really across asia pacific. australia - really across asia pacific. �* , ., ., ., pacific. beyond the realm of culture and _ pacific. beyond the realm of culture and sport, _ pacific. beyond the realm of culture and sport, what - pacific. beyond the realm of. culture and sport, what about tech and sounds? were people looking up any sorts of innovations?— looking up any sorts of innovations? , �* , innovations? they were. as i mentioned — innovations? they were. as i mentioned this _ innovations? they were. as i mentioned this is _ innovations? they were. as i mentioned this is a - innovations? they were. as i mentioned this is a big - innovations? they were. as i mentioned this is a big year. mentioned this is a big year for al and what we have seen in our search trends is many people were searching notjust tools, like character ai etc 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 what are the implications of it toda . , . , ,

today. it is really interesting how much — today. it is really interesting how much asian _ today. it is really interesting how much asian pop - today. it is really interesting how much asian pop culture | today. it is really interesting - how much asian pop culture came up. what does that tell us about what people are searching for at the trends perhaps going forward into 2024? it is for at the trends perhaps going forward into 2024?— forward into 2024? it is a treat forward into 2024? it is a great question. _ forward into 2024? it is a l great question. something forward into 2024? it is a - great question. something we did special this year was a look back at the all—time most searched in celebration of google's 25th birthday. if we look at the most searched boy band it was bts. the most search gilbard was blackpink. the most search cuisine was chinese food and the most search movie genre was bollywood. so we see a proof of job at proliferation of asian food, music, culture. the newest — food, music, culture. the newest apple _ food, music, culture. the newest apple watchers i food, music, culture. the newest apple watchers have been removed from sale from the company's website after a court ruled it had infringed on the patent of a medical device company. reports suggest service teams have been told out of warranty models will not be replaced going back to the apple watch six series. the company must emo which makes technology that can read blood

oxygen levels has accused apple of stealing the tech and hiring away workers. plans for a european super league of football might be back on track after the eu's top court ruled that uefa 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 to back the competition. the premier league has said it continues to reject the concept of a european super league. that is all the time we have for on this edition of asia business report. thank you for watching. voiceover: bringing you different storiesl from across the uk. i was fat for 20 years. i

needed something more to modify that relationship between health and overindulgence. when she started _ health and overindulgence. when she started hearing _ health and overindulgence. when she started hearing about - health and overindulgence. when she started hearing about a - she started hearing about a weight loss job that suppresses appetite she instantly wanted it. ~ ., , appetite she instantly wanted it. . . , , ., it. wanted my friends had lost i think 11 stone _ it. wanted my friends had lost i think“ stone herself, - it. wanted my friends had lost i think“ stone herself, usingl i think 11 stone herself, using it and she posted a before and after and it was so radical. i went online and you can buy it from any pharmacy. in went online and you can buy it from any pharmacy.— went online and you can buy it from any pharmacy. in under a ear she from any pharmacy. in under a year she lost _ from any pharmacy. in under a year she lost ten _ from any pharmacy. in under a year she lost ten stone. - from any pharmacy. in under a year she lost ten stone. when | year she lost ten stone. when you hear about the shortage for diabetes patience, liz, does it make you want to stop using it? it would personally make me think twice about using it if i thought i was taking away from a person off diabetes. it thought i was taking away from a person off diabetes.— a person off diabetes. it has local gps — a person off diabetes. it has local gps worried. _ a person off diabetes. it has local gps worried. we - a person off diabetes. it has local gps worried. we are i a person off diabetes. it has l local gps worried. we are still havin: local gps worried. we are still having difficulty _ local gps worried. we are still having difficulty getting - local gps worried. we are still having difficulty getting the i having difficulty getting the gop — having difficulty getting the gop p1 medication for our diabetes patients. they needed for the — diabetes patients. they needed for the health, even with significant obesity or health they— significant obesity or health they have significant side effects. they should be used only— effects. they should be used only with a proper consultation

with the — only with a proper consultation with the doctor and not online or from — with the 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. 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 so it is finally moving forward and i'm really excited for the future and things rolling out quickly. the channel tunnel operator said there will be progressive return to services after a last—minute strike. choose grew at some pancreas where people had been hoping to travel for christmas. eurostar�*s cancelled 30 trends earlier and it is unclear when trains will resume. mariah carey, sam ryder and wham! are all battling for this year's christmas number one. thursday is the final day for streams and sales to count before the christmas chart is revealed on friday. 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 super league. 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.