they have briefly to do that. —— airasia.al relationship between malaysia and china. so they have everything going for them in china. china. so they have everything going forthem in china. but china. so they have everything going for them in china. but there is a huge market within china, as well, where other players will potentially command. —— come in in the new future. in other business news, western digital is seeking international arbitration to stop toshiba from selling its chip business without consent. the two companies maintained their largest facilities. the cash bonus could be a boost for tissue. the japanese company has warned of a net loss of around $8 billion us, due to its bankrupt us nuclear business. the manual macron has called for a reconstruction of europe, following talks with the german chancellor in berlin. on his first foreign trip as president, emmanuel macron said that he would agree to draw a roadmap to changes to the european union. the two lea d e rs changes to the european union. the two leaders

it represents the final piece of the airasia puzzle. up to its name as the only airline that connects travelers across the asia-pacific. airasia has ordered hundreds of planes worth billions of dollars the airbus to meet expansion strategy. at the same time, it is also in the process of selling its plane leasing unit to raise more cash. big plans, but still lots of questions here, like when will this venture takeoff. where will the budget carrier fly to? we will have to nail down the answers. about i have a question what kind of investment airasia is expected to make in china in terms of infrastructure. do we have any details? haslinda: we don't have the nuts and bolts, but airasia plans to invest in aviation infrastructure, a dedicated terminal for low-cost carriers. plans to set up an academy to train pilots, crew, engineers, as well as maintenance repair and overhaul facilities to service aircraft. will bens airasia training local talent, so quite an investment there. you can see why. estimates suggest the number of people flying two

higher fuel costs have hit quarterly profits for airasia, even though more passengers are travellingier. the airline has been hurt by the strong us dollar and higher staffing costs. turning to india which has seen a lucrative textiles trade with africa. each day, second—hand clothing arrives from the us and europe and the clothes are from the us and europe and the clothes a re recycled from the us and europe and the clothes are recycled into fabric for bla nkets clothes are recycled into fabric for blankets made exclusively for african consumers. but this booming business is now struggling. this is the world's cost of capital. from high street brands to luxury labels, most clothes donated to charity and appear. every day, hundreds of tons of clothing from across the uk and the us are right here. torn and used clothing which would otherwise have ended up in landfill. so the factories here play a quiet ——a vital link in the global textile recycling business. shredded, buttons and zippers ripped off, labels discarded. over 140,000 tons of clothing are processed here and every three tons

airasia will set up a new budget airline in china through a joint venture agreement with everbright groupnd the country is set to overtake the u.s. next year. air passengers within china reached 487 million and asian shares represented 2%. uber's biggest rival in the u.s., lyft is making a push to self-driving vehicles. they're joining forces with googles unit. many firms in the sector are hoping such technology can work with their journey booking systems and is set to escalate a rivalry between waymo and uber who is on a court battle for self-driving technology. >> we'll puckle up for the story where drone technology could lead to flying cars? >> japan's group has been funding to dofrle the so-called sky drive car which uses joint technology and has three wheels and four votors and now has a major, major sponsor and that's toyota who announced it's giving 40 million yen, over 320,000 euros and sky drive is the world's smallest car at 1.2 meters at a projected top speed of 100 kilometers per hour and flies 10 meters above the ground and still in the early stages but i don't want to test i

part it should bypass us off to the north and east, but again, sort of stuck right now with the star airasia front helping to deliver additional showers as the day goes on, and even though it is very, very much far from a wash out, still something that you may notice as the day goes on, because the winds is still very light right now you may also encounter some fog issues, and that's where we turn our focus next. it is not really all that bad. i have to say. looking pretty good. that visibility is solid 10 miles up and down i95, but go further up north, looking at hands full of camera too up near the mountain us terrain, starting to see the clouds dip in little bit more readily, and just before the sun comes up could be at its worse in terms every fog. so just depending where your travels take you, where you are coming from, where you are going, to you may run into some low-lying cloud cover. but really not too big after problem at the moment. generally today features clouds. they're going to be some showers around? sure. is it a wash out? no. absolutely not. you're just not going to have to

budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in chinas biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years, civil aviation administration of china figures suggest that in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese carmaker toyota is backing a group of engineers who are developing a flying car —— to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels and four rotors... flying cars are something of a flavour—of—the—month at present, with firms from the us, germany, netherlands, china and japan looking to turn science fiction into reality. back to you simon. let's take you to paris, the elysee palace, we awaited the new french president, emmanuel macron, scheduled to appear on the steps and it's a busy day for him, his fi

tony fernandes of airasia. great conversation as always.how a tiny island off the coast of singapore may hold the key to the future of renewable energy. details, next. this is bloomberg. ♪ haidi: a french energy company is experimenting with what it hopes will be the future of renewable power storage. this all happening off the island of singapore. and what is company it doing on the singaporean island? company, a french company that stretches back to the company that built the suez canal. thisthey are doing on island seven kilometers south of singapore is they are building a micro-grid that will be able to sustain power on small islands using wind power, solar power, renewable power, and finding ways to store that so you can take this intermittent power when the sun is not out and the wind is slowing, and smooth it out and use it when it is cloudy or the air is still. batteries so far have been the most popular use of energy storage, the teslas of the world. what they are trying to do is use hydrogen as a storage, so that electricity from

budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in chinacally within china has boomed in the past 30 to 40 years. in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese car—maker toyota is backing a group of engineers who are developing a flying car to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels and four rotors. flying cars are something of a flavour—of—the—month at present, with firms from the us, germany, netherlands, china and japan all working on similar projects. a quick look at the markets. the ftse managing to creep up a bit. the dow is up a third of one percent there. 0il dow is up a third of one percent there. oil companies doing well. the oil price moving up sharply. commodity prices even, but it's oil price moving up sharply. commodity prices even, but its oil which is a star o