not be taking off until a will not be taking off until a safety inspection is complete. five terms and counting the bangladesh prime minister sheikh hasina has been really that we look into the implications for the south asian economy. welcome to asia business report. we begin with the crisis at boeing after fridays incident 737 nine plane, the boeing ceo has said it is critical right now the aviation giant to work transparently with customers and regulators. speaking after the federal aviation administration said boeing jets fitted with the same panel is the one which blew off during the one which blew off during the alaska airlines flight will remain grounded until deemed safe to fly. it is not severe move as the grounding of all max jets worldwide year ago following a pair of fatal crashes but is hundreds of fights i cancelled over the

weekend yet another reputational blow for boeing. earlier i spoke to in aviation analyst who told me all eyes on wall street and how investors will react when markets open stop the immense reputation boeing has continued to suffer. with the boeing 37 max has been an incredibly costly programme for them. all eyes will be on the markets on monday because this incident with alaska airlines happening on friday evening it has of the industry but of the world because the 737 max became a household name when it was grounded almost two years and here we are again with the grounding of 171 max nine aircraft notjust in the us but countries including panama, turkey and mexico. there is reputational damage what other financial implications or impact of boeing having explains grounded?— boeing having explains rounded? ., g; grounded? for boeing the 737 max two things _ grounded? for boeing the 737 max two things are _ grounded? for boeing the 737 max two things are true - grounded? for boeing the 737

max two things are true at - grounded? for boeing the 737j max two things are true at the same time at one time it is the bestselling shorthaul aircraft for boeing it is a bestseller and aircrafts are placing aircrafts for the jet and secure some great deals especially in the aftermath of all of that suffering when aircraft was for two years. on the other side is incredibly costly we have had damning reports that show boeing quote failed with its relationship with the federal aviation administration, the regulator and the lack of oversight contributing to those two accidents you cast your mind back a few years ago, and while it has been working really hard to get recertification to reassure markets and reassure the flying public the seven 37 max is now categorically asap aircraft, incidents such as what happened on friday are certainly not going to help and it was in the first 48 — 72 hours will be interesting see where we are by the end of monday in terms of more of a global reaction to this grounding the faa not wanting

clearly to appear as anything but very cautious. the bangladesh _ but very cautious. the bangladesh prime - but very cautious. the bangladesh prime minister sheikh hasina sikuta fourth term in office at the country's general election on sunday, she is credited with transforming the economy and one of the fastest growing markets but in recent months they have been protests over the rising cost of living, the weakening currency meant bangladesh is struggling to pay for energy imports transacted in us dollars, that has led to the country requesting for a bailout from the international monetary fund. early i spoke to economics author dottie rahman who told me what the prime minister �*s re—election means for the bangladesh economy. in the case of bangladesh given that the selection was boycotted by the opposition, in the near term the election has added to uncertainty. will there be more protests, more strikes, will there be punitive

actions by trading partners who had wanted to see a free and fair election, these things add to uncertainty. depending on how those things play out in the near—term, economic could slow because investment could slow. on the other hand, if those uncertainties are resolved fairly quickly, as has been the case in the past and is usually the case elsewhere elections are followed by a bit of economic recovery, resolution of those uncertainties gave a bit of filip to the near—term economic activities. this is one thing to watch, the other thing to watch in the near term is as you mentioned, external sector, the currency is depreciating, they need to pay in us dollars, inflation remains high, and — are still dependent, sort of affected by global factors,

global food affected by global factors, globalfood prices affected by global factors, global food prices and so on, so those issues will come to play as we head into summer. so next few months will be crucial in that regard. we next few months will be crucial in that regard.— next few months will be crucial in that regard. we have our eye across a lot _ in that regard. we have our eye across a lot of _ in that regard. we have our eye across a lot of elections - in that regard. we have our eye across a lot of elections this - across a lot of elections this year, including two in the us and uk, the cost of living and what this means for economic growth and jobs is a large concern at both of these elections, our correspondence from new york and london since these reports. jae from new york and london since these reports-— these reports. joe biden has a problem. _ these reports. joe biden has a problem, multiple _ these reports. joe biden has a problem, multiple polls- these reports. joe biden has a problem, multiple polls show| problem, multiple polls show him losing the economic messaging to former president donald trump is most likely opponent in this year �*s presidential election. it is hurting his standing with voters in key battleground states that will determine the outcome of the presidential election. the problem is inflation. americans are upset about high cost that are not going back to pre— pandemic tables, this comes at a time when data shows the american is getting stronger growth are

solid, unemployment is low, inflation has dropped to 3.2% from a peak of 9.1. in the country's central bank appears done with interest rate hikes, even eyeing cuts next year. one democratic pollster told me there are things the white house can do to close the gap between perception and reality. like focusing on kitchen table economics and drawing a contrast between the two candidates once the republican presidential nominee is confirmed. as long as american voters feel horrible about it joe biden does not in able to benefit logically from the strong economy. this benefit logically from the strong economy.- benefit logically from the strong economy. benefit logically from the stron: econom . �* , ., strong economy. as the new year dawns people — strong economy. as the new year dawns people here _ strong economy. as the new year dawns people here in _ strong economy. as the new year dawns people here in the - strong economy. as the new year dawns people here in the uk - strong economy. as the new year dawns people here in the uk as l dawns people here in the uk as well as— dawns people here in the uk as well as policymakers are also thinking _ well as policymakers are also thinking about a looming election in the economy is going _ election in the economy is going to _ election in the economy is going to be front and centre. for inflation is falling but the — for inflation is falling but the remains almost twice as high — the remains almost twice as high as_ the remains almost twice as high as the bank of england target — high as the bank of england target which means interest rates — target which means interest rates here might not fall quite as soon—

rates here might not fall quite as soon or— rates here might not fall quite as soon or as quickly as in other_ as soon or as quickly as in other major economies. but the 14 hikes— other major economies. but the 14 hikes already in the system are making their mark economy, growth _ are making their mark economy, growth is — are making their mark economy, growth is pretty stagnant and looking — growth is pretty stagnant and looking ahead for the next couple _ looking ahead for the next couple of years it is expected to remain _ couple of years it is expected to remain so putting more pressure _ to remain so putting more pressure on households. there are signs — pressure on households. there are signs employers are curbing their— are signs employers are curbing their hiring plans as those higher— their hiring plans as those higher borrowing costs bite as welt — higher borrowing costs bite as well. thousands ofjobs could no. well. thousands ofjobs could g0~ it— well. thousands ofjobs could g0~ it is— well. thousands ofjobs could go. it is against that backdrop politicians will start to think about — politicians will start to think about their promises to the electorate, four if growth had performed in recent years in the uk — performed in recent years in the uk as— performed in recent years in the uk as it has elsewhere, households could be thousands of pounds bit of. so how to turbo — of pounds bit of. so how to turbo this prosperity will be a major— turbo this prosperity will be a major challenge for all political leaders as we look towards _ political leaders as we look towards that next election. all these towards that next election. fill these races are expected to have an impact on currencies across asia. earlier i spoke to an analyst who told me more about the implications of foreign exchange rates going

forward. . . , , forward. taiwan is interesting because the _ forward. taiwan is interesting because the biggest - forward. taiwan is interesting because the biggest impact . forward. taiwan is interesting because the biggest impact is on geopolitics, we get a case we the president gets a majority, the likelihood of more noise around geopolitics is negative for the taiwan dollar but on the flipside given how uncertain who will win at the moment he takes control of the presidency in the parliament bodes well for a reduction of noise into the geopolitical events at this point. we could get a mixed presidency and unfortunately with geopolitics that tends to be a president of peru so on that front that will probably be best case and the noise we are getting over geopolitics as the us politics come through will continue. then you have indonesia and india where over

all regardless of which candidate especially in indonesia comes through, obviously jacoby can't run again but regardless of which president comes through, a lot of the reform has already been done and is on a good economic reform momentum and that will continue. not much reaction in the currency from that and then you have india with the general majority expects the president modi to win again and i think thatis modi to win again and i think that is probably the base case at the moment, polls out today the positive polls continue and that would be the biggest shock if they do lose and the ndia party takes charge, and you will see a bit —— much bigger reaction. will see a bit -- much bigger reaction-— will see a bit -- much bigger reaction. �* ., ., ., reaction. apart from the taiwan elections a _ reaction. apart from the taiwan elections a few— reaction. apart from the taiwan elections a few datacom -- - reaction. apart from the taiwan | elections a few datacom -- data elections a few datacom —— data points are on our radar would do to get trade data from the philippines and australia this week and the cost of borrowing and south korea something we will be looking out for. that

decision from the bank of korea due on thursday and running of this week inflation data from the well�*s second—largest economy, china. before we its return to the us republican and democratic congressional leaders have reached a deal on federal budget spending which they hope will avert a government shutdown at the end of january. the government shutdown at the end ofjanuary. the packages government shutdown at the end of january. the packages worth ofjanuary. the packages worth $1.6 trillion of january. the packages worth $1.6 trillion and ofjanuary. the packages worth $1.6 trillion and the deal sets up $1.6 trillion and the deal sets up a race for bitterly divided lawmakers to pass the bills that would appropriate the money. and that is it for this edition of asia business report. thank you for watching. voice-over: bbc news bringing you different stories _ from across the uk. this isn't a supermarket or corner shop it is a church hall converted into what is known as a warm space.

converted into what is known as a warm space-— a warm space. that's when we were moving _ a warm space. that's when we were moving all _ a warm space. that's when we were moving all that. - a warm space. that's when we were moving all that. this - a warm space. that's when we were moving all that. this one set u- were moving all that. this one set on last _ were moving all that. this one set on last year— were moving all that. this one set up last year the _ were moving all that. this one set up last year the original i set up last year the original plan to help cope with the biggest rise in prices for 70 years. a year on not much has changed. this years. a year on not much has changed-— changed. as far as cost of livin: changed. as far as cost of living has _ changed. as far as cost of living has concerned - changed. as far as cost of living has concerned even| changed. as far as cost of i living has concerned even to income families to such a tight squeeze at the moment. far from bein: squeeze at the moment. far from being sites _ squeeze at the moment. far from being sites of— squeeze at the moment. far from being sites of desperation - being sites of desperation these places become beacons of hope for those who live nearby. there are almost 300 spaces now across the country and they start off as a response to something like the cost of living crisis what they really become as the hub of the local community. become as the hub of the local community-— become as the hub of the local communi . , , community. people came because the were community. people came because they were looking _ community. people came because they were looking for _ community. people came because they were looking for warmth, - they were looking for warmth, that was the idea they would not be able to turn on the heating at home so they came for the heating but often what they did was stay for the meeting. they did was stay for the meeting-— they did was stay for the meetinu. ~ ., ., ~' meeting. when we look in the news and _ meeting. when we look in the news and see _ meeting. when we look in the news and see the _ meeting. when we look in the news and see the cost - meeting. when we look in the news and see the cost of- meeting. when we look in the | news and see the cost of living crisis _ news and see the cost of living crisis as— news and see the cost of living crisis as it _ news and see the cost of living crisis as it is there is so much _ crisis as it is there is so much to— crisis as it is there is so much to be not optimistic about but if— much to be not optimistic about but if you — much to be not optimistic about but if you come here on a thursday— but if you come here on a thursday afternoon give out a hot chocolate to someone or you

receive _ hot chocolate to someone or you receive something or have a chat— receive something or have a chat to _ receive something or have a chat to someone or talk to somebody one of your neighbours, you will see so much — neighbours, you will see so much hope. neighbours, you will see so much hope-— neighbours, you will see so much hope. for more stories from across _ much hope. for more stories from across the _ much hope. for more stories from across the uk _ much hope. for more stories from across the uk head - much hope. for more stories from across the uk head to l much hope. for more stories l from across the uk head to the bbc news website.

much of it will go to landfill size. they asked rescuing it, we can sort it out and redistributed here. from warehouse _ redistributed here. from warehouse to _ redistributed here. from warehouse to nursery . redistributed here. from warehouse to nursery to | redistributed here. from - warehouse to nursery to hear. it gives us some ideas of things through cork and you get the kids involved. just some new ideas for new recipes as well. it is great where if you have a lot of random things in your house and you don't know what you may, it gives you some

great ideas. i what you may, it gives you some great ideas-— great ideas. i like fried rice! food i would _ great ideas. i like fried rice! food i would have _ great ideas. i like fried rice! food i would have gone - great ideas. i like fried rice! food i would have gone to l great ideas. i like fried rice! - food i would have gone to waste is being put to good use. hello and welcome to sportsday. i'm olly foster. here's what's coming up on the show. it's a knockout blow for arsenal. liverpool ride their luck at emirates, but they're into 4th round of the fa cup. there's a huge blow for chelsea women and australia as star striker sam kerr picks up a serious knee injury and no australian open for rafael nadal. he's had to pull out of the first grand slam of the year with another hip injury.

hello there, we'll start with the fa cup 3rd round. there were 8 more ties on sunday and the competition's most successful side, the 14 time winners arsenal are out. they had the best of the chances against the premier league leaders liverpool but lost 2—0. here's our sports correspondent andy swiss. unfamiliar shirts for a very familiar rivalry. liverpool in purple, arsenal in white, and the gunners were so nearly in front. reiss nelson with the first of a string of early chances for the hosts, but crucially they couldn't take them. martin odegaard came closest, but still not close enough. and liverpool nearly made them pay, as trent alexander—arnold rattled the bar. plenty of drama, but no goals at the break. after it, more of the same. arsenal's domination matched only by their frustration. for their manager, it was getting hard to watch.