where inflation is now running at a five year high. this is business asia. is in the belly some song reported its worst drop in profits in more than four years the plunge is due to falling memory chip prices and slowing smartphone sales profit tumbled more than sixty percent in the first quarter to five point five billion dollars on the positive for the south korean technology of warmer it was a bigger than expected demand for its new flagship device the galaxy s ten smartphone however that increase in sales was not enough to compensate for the steep decline in the semiconductor business on a more positive note today samsung rolls out its first five g. capable smartphone just in time for the launch of south korea's five g. network the first in the world. it's being compared to the moon landings s.k. telecom's c.e.o. park junko describes the advent of five g. mobile networking technology as

a giant leap for mankind analysts say the new super fast highly reactive networking technology would change the way we live. says it has potential to transform a range of industries from autos to factory production to media to agriculture to health care yes eventually strands from a to a potential will become apparent to everyone in next five years or so one of the most talked about applications five g. will enable is autonomous driving the new network standard will be capable of handling and responding to vast quantities of data in real time south korea's early launch of five g. is also a symbolic step for the country to maintain its lead as a high tech nation for the newest generation of mobile internet to reach its full capacity experts expected to take several more years whether five g. is indeed a technological revolution or more often evolution is still to be seen. as five

gina let's bring in our financial correspondent for saudis asia and we're hearing in poor. south korea with the world first that what about the rest of asia's five g. coming to other countries. well china and japan of course are the big obvious players in the race for five g. singapore is pressing on with its own developments in fact we just had our first altman to reality five g. phone call with australia end to end and this is of course on top of the numerous projects testing projects that are being run at the moment and over in thailand tell cause of bending to gether to run collaborative test bits and they are doing so by going against the grain using the much talked about while we take to support them. the us is pressing its allies to not use war way infrastructure in their five g.

networks. asian governments handling this is it hurting world ways business in asia well in the case of south korea the head of s.k. telecom popped in horses they don't they don't seem to be worried about any security concerns that being said it is worth noting that the three telcos in south three of the telcos in south korea including s.k. telecom they are not using the while we gear only one small a plea is now here in singapore there doesn't seem to be a high level of along regarding five g. security concerns and they are looking into multiple vendors in order to do so in the meantime always business in asia seems to be status quo in fact the company is going to be a headline sponsor for the upcoming five g. asia conference here in singapore this september. briefing if you can other any viable solutions other than war with well in the case of singapore yes

there are going to be other possibilities other than while we in fact singapore is already talking to multiple vendors to support their five g. networks and on top of that observers do say that other top tier markets such as japan will likely follow suit. and to hang in singapore thank you very much the u.s. and china are continuing their talks on trade in washington and u.s. president donald trump says quote epic trade deal with china could be just weeks away but he stopped short of mentioning. some a date when any such agreement would be signed the announcement was thin on details but it is thought that the question of when the united states will lift tariffs on china remains a major sticking point. months of wrangling hundreds of billions of dollars worth of tyrants and a u.s. pledge to radically change china does business now u.s.

president donald trump is indicating that the trade conflict between the world's top two economies is nearing an end we've agreed to far more than we have left to agree to a. fact i would say i think i can say that some of the toughest things have been if we just we have some things that are actually easier ways you know that we're we're doing but it's a very very aware that i don't like using too often but it's a very very comprehensive deal on the chinese side some flattery others will caution and even less detail. because if you direct. great progress. there's still call from beneath. you because of course there's all the trade conflict began early last year when the u.s. valued to crack down on what it called unfair chinese trade practices these include

station to invention in markets and the handling of foreign intellectual property china's ready committed to buying more u.s. goods and to opening its markets but questions remain over how such changes would be enforced there are still some major major issues like that but. we should be making more progress we would have thought that you start thinking there's a. characteristic confidence from the u.s. president donald trump and the more cautious optimism from those who've been doing most of the negotiations the world's biggest economies may be close to a deal but getting there may take longer than expected. more trouble for germany's top car makers. charged with colluding to prevent competition on emissions technology european regulators are accusing the car makers of working to. whether to limit the development and introduction of technology that would clean up emissions you have occasion to cover diesel and petrol cars sold in the european

economic area the period between two thousand and six and two thousand and fourteen companies could face penalties of up to ten percent of their annual turnover. in pakistan inflation is at its highest for over five years imran khan's government was elected in twenty eighteen with a promise to eradicate poverty it's not even been a year but patients amongst average pakistani voters is now wearing thin. inflation is killing us reads this sign is currently running at nine point four percent in pakistan not since november twenty third teen has it been they say high with hefty increases in the costs of food and energy essential is now becoming luxuries for some. music for the public be able to survive this inflation or not we can't even purchase bread with what we have got alone knows what'll become of the poor it has to stop that there's no control anywhere. really.

many pakistanis would hope that control would come from imran khan the party swept to victory last july on a promise to make poverty a thing of the past are wrestling with a ballooning deficit and seeking a thirteenth international bailout has left the government needing to make tough choices at the start of april fuel prices went up by six rupees to ninety eight per liter hitting low skilled workers who can end as little as six hundred rupees less than four euro's a day. found out the word in a bank account was saying big things about providing employment and getting rid of poverty these are raising polity is a raising the poor. so is nine point four percent the limit for inflation in pakistan we're facing trajectory now from. independent to what extent the government has been a just these energy prices so if they want to go to the full extent to what extent it is to what extent they need to plug the gap then increase it in a few months it will go into double digits. economists believe pakistan has no

choice but to cut public spending and raise prices but for a public that was expecting to be getting richer patience is wearing thin. that's closer pakistan's economic problems. with the w.'s asia task and joins us from on now has a man can deliver it on his election promise to tackle the economic problems no certainly not i believe i was in pakistan last month and i spoke with a number of people the common people in experts most people believe especially the experts that the government. is directionless. his team has no clue how to deal how to remedy the economy is finance minister are pretty clueless so people are pretty disappointed with this government's performance so far. they remember the previous government prime minister nawaz sharif's the former

prime minister. during his tenure or pakistan g.d.p. was close to six percent and now a un report predicts that good fall behind that of the mild leaves in the polls in twenty twenty so it's a very grim and very difficult situation for pakistan for the dismal picture that you're painting there what are you hearing from pakistan how are the prices affecting everyday life. it's very difficult for the common person to make good both ends meet you have to understand that the buggiest on is a poor country most people don't much a lot of the country's population live in the. even the middle classes are suffering no report mentioned about the hike so it's becoming increasingly difficult increasingly difficult for even the business people to run businesses inflation is a spiking and it could be very difficult for

a prime minister funds government when the government is all also going to the i.m.f. to seek a financial loan in the coming months and years things will get more difficult for pakistan and more grim the picture is pretty disciplined and my feeling sometimes that has entered has thank you very much. thanks for having me thank you and turkey allies have begun moving their operations to istanbul's new mega the move it's being described as the biggest transport operation in aviation history schedules take forty five hours and is due to be completed by some.

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friends. managed by from. this is news coming to you live from the latest bomb on the long road to bricks it poses a flexible try. to leave the block the tourism a wanted soon enough by june the thirtieth also coming up the capital is on the trip from militia groups as the u.n.

secretary general thrust a renewed civil war. out of our struggle to. force is trying to drive out the u.n. back to govern.