the main reason for the strike at chevron lng plants in australia is also affecting increased demand of refusing russian raw materials, all the details are from alexander nazarova . after 6 days of work in a limited mode , the australian chevron lng plants are moving to a full strike. it will last 2 weeks and will actually lead to a cessation of exports. during the negotiations , the oil and gas company failed to reach an agreement with the trade unions, which demand improved working conditions and higher wages. unfortunately, after many meetings and sessions aimed at reconciliation with the participation of the fair work commission to it was not possible to reach an agreement, since the demands of the trade unions exceed the reasonable limits of market conditions. now the dispute will be resolved by special arbitration hearings that will begin on september 22, the company hopes to achieve a forced conclusion of the deal and call off the strike, but until then the work of the enterprise and the organ and winston will be practically paralyzed. chevron expects to use the accumulated re

trusted by millions of entrepreneurs, only at burger king we continue to broadcast the strike at chevron lngustralia today enters a new phase: instead of interruptions to work for several hours a day, the enterprise can remain without employees for the whole day, and so on for two weeks. i know what this means for the global gas market from alexander nazarov. she joins me. sasha good morning. tell me, how did this affect you? sash good morning, on wednesday alone gas prices in europe increased by almost 10% after 6 days of work in in limited mode, australian chevron lng plants are moving to a full strike. it will last 2 weeks and will actually lead to a cessation of exports. during the negotiations , the oil and gas company failed to reach an agreement with the trade unions, which demand improved working conditions and higher wages. unfortunately, after many meetings and sessions aimed at reconciliation with the participation of the fair work commission , it was not possible to reach an agreement, since the demands of the trade unions exceed reasonable limits of market conditions. now the di

this is how investors reacted to the news about the start of strikes at chevron lng plants in australia. details from dmitry morok. a strike in australia could be costly for gas consumers around the world ; analysts predict a sharp rise in prices if the two largest plants, chevron in the horn and whit, stone, are shut down annually. they produce almost 25 million tons of lng - this is 5% of the total volume on the planet. the enterprise can stop work for at least 2 weeks if management does not meet employee demands for higher wages. news of possible supply disruptions caused concern on european and asian exchanges throughout august, given that australia is the largest player in the liquefied natural gas market. in the first half of the year, lng exports from the green continent set a new record of more than 40 million. australia is one of the largest, if not the largest producer of liquefied natural gas in a particular period of time, which produces more than 100 billion cubic meters and most, the overwhelming majority of these volumes go to asia. the pacific region is the largest buyer

the cost came close to $ 400 per thousand cubic meters, the reason for the growth was strikes at chevron lngnts in australia, the strikers could not agree with the administration on improving working conditions, while the work of the enterprise was stopped for 11 hours v run strike could last up to two weeks factories. chevron australia provides about seven percent of the global lpg market. this was the news of the economy in short. the heirs of the besieged leningrad is the name of a new project , the launch of which was announced today by the immortal regiment movement. the program includes two competitions, a research and scenario competition , the first will allow you to share the true stories of the blockade, and the second will show them on the theater stage. the results of the names of the winners will be determined at the forum of patriotic initiatives silent feat of the besieged leningrad, which will be held in st. petersburg and will be timed to coincide with the eighties anniversary of the complete removal, blataty. our project consists of two e, key e, large all-russian competiti

australian chevron lng plants are going on full strike.ll last 2 weeks and will actually lead to cessation exports, and this is from 5 to 7% of supplies to the world market, as soon as production problems began, the cost of gas in europe went up, just on wednesday. futures added more than 9.5% the oil and gas company was unable to come to an agreement with the unions and now the dispute will be resolved by a special arbitration hearing that will begin on september 22. unfortunately , after many meetings and sessions aimed at reconciliation with the participation of the commission , unscrupulous labor could not reach an agreement, since the demands of the trade unions exceed the reasonable limits of market conditions. the jump in inflation in hungary was provoked by ukraine; this is the position adhered to by official budapest in august. prices began to rise sharply due to the rise in gasoline prices. and this, in turn, happened due to the fact that kiev increased the fee for the transit of russian oil through the friendship pipeline fivefo

australian chevron lng plants are moving to a full strike.s and will actually lead to the cessation of exports, and this is from 5 to 7% of supplies to the world market, as soon as production problems began, the cost of gas in europe went up, just on wednesday. futures added more than 9.5% the oil and gas company could not come to an agreement with the union and now the dispute will be resolved by a special arbitration. listen will not begin on september 22. unfortunately, after many meetings and the sessions aimed at reconciliation with the participation of the fair labor commission failed to reach an agreement, since the demands of the trade unions exceed the reasonable limits of market conditions. in august , 647,000 used cars were sold in russia. this is 65% more. than a year. previously, such data was given in a study of the opening of cars; the reasons for the growth, according to experts, were currency fluctuations, as well as japan’s recent ban on the export of cars to russia; the top five most popular brands included lada toyota kia

we will also get more on the potential strike action at several australian chevron lng plants. live pictures out of jakarta, the summit underway. we will see how this 10 nation bloc will be together up here. rishaad: look who it is. yvonne: it is the philippines president stepping on the red carpet as he meets his counterpart, joko widodo, over in jakarta right now. i like the backdrop. it is exotic. ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i'd like to thank stitch fix.. ...for taking care of the shopping. for getting my fit just right. for finding me looks that work for me and my budget. now getting dressed is so easy. -you just get me. -they get me. -you just get me. -and they'll get you, too. take your style quiz today. i need it cool at night. you trying to ice me out of the bed? -you just get me. -and they'll get you, too. baby, only on game nights. you know you a

a spike thereafter news that workers at two key chevron lng plant in australia are beginning partial rike action today. talks are on pay between the company and unions and those talks ended without an agreement. chevron's wheatstone facilities and gorman accounted for 7% of global lng supply last year. prolonged disruption could norton supplies for the peak northern hemisphere winter season coming up and push up prices. let's get back to our top story. apple has lost around $190 billion worth markets cap in two days amid concerns about iphone sales in china. that is weighing on the nasdaq. let's bring in bloomberg mliv strategist ven ram. thank you for being with us. he wrote a piece about the nasdaq being vulnerable to a corrections and specifically about five stocks that we need to pay attention to. can you walk us through your piece? ven: death valley. what we are seeing -- death valley third what we are seeing in the market and technology stocks is eight minksy moment were traders of thinking that offshore has been a 40% rally the nasdaq and as you were mentioning, the bulk of the

staying with energy and chevron�*s lng plant in western australia is back up and running at full capacityfter a fault last week hit production by around a fifth and workers finished a 24—hour strike this morning. it's had knock—on effects around the world, as phil mercer explains now, from sydney. chevron, the giant us energy company, says that wheatstone, its facility in western australia, is now back to full production of liquefied natural gas following faults earlier. and this is one of two facilities owned by chevron in western australia that are now subject to industrial action and that has intensified over the weekend, from brief work stoppages to full 2a hour stoppages. and the trade unions involved say that this industrial action is likely to continue past the end of the month when it was scheduled to end. chevron, for its part, is always insisting that it will do all it can to make sure that its supplies of lng are delivered safely and reliably. australia's industrial umpire, the fair work commission, is trying to broker a deal between both sides. we understand there were talks t

we have breaking news crossing the bloomberg when it comes to these ongoing chevron strikes and the lngthat chevron and australia's lng unions are on the precipice of an accord according to the fair work commission. we are still awaiting to see confirmation of this. certainly when it comes to what we are hearing from the fw say, they are saying the parties are on the precipice of achieving historical first enterprise agreements for the chevron lng facilities in western australia. the commission saying that a large number of issues have been settled to date and they should form the foundation of an enterprise agreement between the parties for the future. there are still outstanding issues being referred to by the commission, and there is still the risk these provisions will simply "evaporate." we are hearing this after yesterday's update was that chevron said there was no agreement reached with the union following the discussions held this week. we will be continuing the strikes -- they will be continuing the strikes at the company's export plants. that of course has been really impactin

chevron lng workers have threatened two weeks of 24 hour rolling strikes at two major export plants, ould start next week. chevron's president spoke from the gas tech conference in singapore today. >> we are committed to find a solution. we want to find a win for chevron, a win for our employees, and a win for the gas market. >> let me follow up on that. to give our global audience perspective on how heated the rhetoric is. this is a quote from the offshore alliance when they made a statement. claims chevron will ultimately agreed to, but not before they lose a few billion dollars judging by the -- which is ok as chevron have plenty of loose change in the piggy bank. do you have any timeline as to how quickly you are willing to resolve the standoff? >> if i go back and really just repeat what i said before, there are active conversations, there is active dialogue. i'm not going to comment on things on the edge. but to say that we are really committed to find a solution here. we want to find a solution and we understand you have to get a space that is a win for various parties. it has

this has been playing into lng prices. chevron end strikes at key facilities. taking a look at brent crude, a little bit of the wind taken out of the advance in brent crude given the risk off mood that is coming across markets. >> our next guest says the boj will probably start to raise rates in 2024 depending on whether the global economy can stay buoyant amid elevated borrowing costs. great to have you back. how much do you expect the weakness of the japanese yen to weigh on the governor's mind? >> i think it is a very important contributor to inflation. you think back when the japanese weaken significantly. all of this has led to imported inflation in japan. if the yen continues to stay week, that will be a headwind from that perspective. i think the important point to note is when you look at some of the recent data. just like this morning. the month on month numbers are starting to stabilize. the boj might want to wait and see, especially for the rate of negotiation next spring. and whether that is a significant surgeon wages

this week, chevron's lng workers in australia have threatened to stop work if they don't get an agreementit will affect prices for china and some of the other asian nations but also in europe. tom: how does that affect europe? it's australia's so how does lng in europe -- in australia affect europe? lisa: it will create a pricing were because you are reducing supply. even though there are well-stocked countries now, later on, it could elevate prices. we seem price pops in the heels of this. it points that stagflation is happening in your. jonathan: the stealth rally in crude, the energy market is just not on the radar. brent yesterday is getting closer to the 90's. tom: we heavily covered this on friday when both of you were not here. $88.41 of brent crude. jonathan: we thought we might get a long weekend. good to see you. do you think this rally has likes? >> i'm going to hold onto my white pants and summer as long as the weather will allow me. i think the rally does have legs. this argument over recession or not and whether we are headed there, it's hanging like the sword of damocles ov

chevron�*s lng plant in australia is back up and running after a fault is fixed, but union members continued its highest level since last november. it's being driven by a few different things, not least the optimism that demand from china will bounce back, as well as the supply cuts from russia and saudi arabia. it's been enough to push oil back towards $100 a barrel. last week, the international energy agency warned that the supply cuts would create "a significant supply shortfall". so, what happens next? nitesh shah is head of commodities and macroeconomic research at wisdom tree. 0il oil prices have risen because of all pack�*s actions,

jim, meanwhile, got a little more labor piece in australia with chevron lng.ve eqt on, which is the biggest in our country, tonight, and there's a lot of difference in our country, where california's trying to make some rules about how much you should be able to have natural gas. the natural gas that eqt is doing is now, because of the -- that last pipeline that was done in congress, they're going to be exporting. there is so -- we are going to own this market. and i know australia, i think they're overproducing in australia. we have enough natural gas to become so much more important than everybody else. our refining costs are so low. the story's been kind of lost in the whole oil going too high, but natural gas is at a sweet spot. we have a lot of companies making $1.60. eqt does have higher costs, but i brought them on because i want to know what australia means, what it means for us, but we are just a powerhouse, and i don't think people realize how good we are at it because our president's not a real fossil fuel guy. >> right. do you think energy is still

chevron is insisting that it's doing all it can to ensure its lng operations continue safely and reliablyink any industrial action in western australia will have a major impact on global gas prices, but, and there is a but, that could change if industrial stoppages dragged on. that explains why there is a certain amount of anxiety a in the international energy market. india's auto industry has seen sustained growth in august with sales recovering back to pre—pandemic levels as per dealership data. but an erratic monsoon has emerged as a big concern for the industry. our india business correspondent with more details from mumbai. for the month of august, good sales across categories from two wheelers and passenger vehicles to tractors. but a push for electric rickshaws and easy finance has helped three wheeler sales in particular to grow by 66%. inventory levels for passenger vehicles have also hit an all—time high, reflecting optimism that dealers have about the impending festive season that lasts between august and november. but despite the recovery, there are clouds of worry emerging in

workers at lng operated by chevron in western australia have gone ahead with strike action in a disputeospect of lengthy disruption to gas supply in the run—up to the winter in the northern hemisphere has sent european gas prices soaring. europe has become highly dependent on imported lng as it diversifies away from russian gas. you can read more about that on our website. thank you for watching, follow me on twitter. thank you. a creature once classed as extinct in england, hunting rabbits at the end of yorkshire's spain peninsular. amazing, a lot of emotions all at once, the beauty of seeing the animal, a sort of terror of knowing you have found something rare and if you have found something rare and if you don't get a photograph, no one will believe you. disbelieve, how can there possibly be a pine marten here, miles from any woodland? find here, miles from any woodland? and the answer to — here, miles from any woodland? and the answer to that was found in this footage, recorded a full 70 miles away in yorkshire.— footage, recorded a full 70 miles away in yorkshire. what is unique abo

so the workers were due to walk out at two lng plants run by chevron in western australia earlier todayy 24 today. they have put it back by 2a hours. optimism that a deal can be struck. australia is one of the world's biggest exporters of liquefied natural gas, lng. it supplies much of asia. doesn't really supply too much to europe, but if supplies of lng to asian countries such as china and japan are affected by strike action, it could mean that those asian countries go shopping elsewhere for their liquefied natural gas, and that could divert supplies away from europe, and that is why this industrial relations story coming out of australia is of global significance.- coming out of australia is of global significance. 0k, thank ou ve global significance. 0k, thank you very much _ global significance. 0k, thank you very much indeed. - let's get some analysis from ben mcwilliams who covers energy for the european think tank bruegel it shows chevron is trying to deter this strike.— deter this strike. indeed, i believe it _ deter this strike. indeed, i believe it is _ deter this strike. ind

lng. they're owned by chevron, the us energy giant.d training standards. trade unions say that industrial action could cost the company billions of dollars. chevron is insisting that it's doing all it can to ensure that its lng operations continue safely and reliably. experts don't think that any industrial action in western australia will have a major impact on global gas prices, but — and there is a but here — that could change if industrial stoppages drag on. and that explains why there is a certain amount of anxiety in the international energy market. around the world and across the uk, this is bbc news. bbc news — bringing you different stories| from across the uk. preparing for a challenging journey. these skaters call themselves the unskateables. they're getting ready in barry, ahead of skating from here to anglesey in three days to raise funds in memory of theirfriends wayne phillips and james rush — who both had brain tumours and died after receiving end—of—life care at the nightingale house hospice in wrexham. well, we lost t

look at natural gas, watching markets with australian regulators saying chevron and unions are close to a deal to end strikes at lngreporter joins us now. what do we know? >> we know that the regulator in australia, the fair were commission, have been mediating talks between chevron and union workers striking up two lng export facilities. now while they have been striking for the last two, exports from the facility have not been disrupted. the risk is if strikes continue for a prolonged periods that will affect exports. if a deal is done and they are near a deal that would effectively ended those strikes, reducing risk and that would be bearish for natural gas prices in europe and asia. the commission proposed a deal that would basically kind of pave over the issues that two parties have been in disagreement. the deadline to agree to that deal is 9:00 a.m. sydney time tomorrow. if they do not agree to it the commission will have a hearing at 10:00 a.m. sydney time to basically decide on behalf of the union and chevron so either way it's looking likely that some sort of agreement or enterprise agreement as they call

the sites in western australia produce about 5% of the world lng and they are owned by chevron, the uskers are unhappy about pay, job security and training standards. trade unions say industrial action could cost the company billions of dollars. chevron is insisting that it is doing all it can to ensure its operations continue safely and reliably. experts don't think any industrial action in western australia will have a major impact on global gas prices, but, and there is a but, that could change if industrial stoppages dragged on. that explains why there is a certain amount of anxiety in the international energy market. a quick round—up of more business news. social media platform tiktok says it has opened a data centre in ireland, its first in europe. it has begun to migrate european user data there as part of its ongoing response to data privacy concerns around links to china. the platform, owned by a chinese company, has repeatedly denied links to beijing and said all user data was securely stored in singapore and the united states. china's biggest property developer has managed t

pipeline supplies from russia and although eu countries practically do not buy lng directly from australia, the situation with chevronices in the european market. since it will lead to increased competition with by asian buyers in early august, when the strike plans were first announced, the cost of gas in the dutch bay ttf jumped by more than 30% in one day europe does not import gas directly from australia, but asia yes, and if these supplies stop, then asian buyers will bargain for gas along with the euro. which potentially threatens its image with a trade war, but gas supplies and storage occupancy in europe are now at seasonal peaks. in addition, demand from china is slightly reduced and this facilitates situation, so the risk of gas shortage. at this stage is low, however. we expect new volatility in the gas market. it is noteworthy that in order to protect themselves by the coming winter, the eu countries intend to purchase record volumes of lng from russia. according to the results of the first seven months of this year, imports increased by 40%, and 22 million cubic meters during this period european states

now these two chevron owned facilities on the pilbara coast of western australia supply about 7% of the world's lngg strike action could have disrupted the supply of liquefied natural gas, mostly to asia. the fear was, is that if countries such as china and japan couldn't have got their regular supplies of lng from australia, they would have gone shopping elsewhere, intensifying that global competition for resources, potentially taking supplies away from other regions, including europe. but that is no longer on the cards because of a deal brokered by the fair work commission. this is australia's industrial umpire. it has produced a proposal that both sides in this dispute have now agreed to. so this industrial action by hundreds of workers here in western australia is coming to an end and will no doubt be greeted with an enormous amount of relief in global energy markets. the uk's competition watchdog has said microsoft's revised offer to buy the call of duty maker activision blizzard "opens the door" to the deal being cleared. the competition markets authority said the updated deal appeared to add

chevron accounts for 5% of global lng capacity.he stoppages could last through september 14th and extended to a two-week total strike if talks fail. >>> and ryan air ceo gets hit with a cake in the face in brussels. he was in brussels to stage a protest of flights not crossing french air space. he equipped that passengers were happy with the route, they were celebrating with cake. i would say i watched the video and posted on twitter and he handled it well. it could have been an embarrassing situation. he is a great marketer and speaker. the point is he was in brussels to protest the air traffic control strikes that are currently in place over french airways. he got a lot of marketing for a lot of different reasons. i'm not sure he will be too sad about the marketing he got. >> it has to be infuriating for the protesters that he turned it into the amazing marketing opportunity. the tweet is from the ryan air account. when i saw this, i assumed that it was protests about being a passenger on ryan air and frustrations that come with

and chevron begins mediation with workers at its lng plant as unions threaten strike as soon as thiseek. a lot to get to underway. we are keeping off a u.s. holiday, that being said. early indicators suggest the newest speeches are coming online as we speak and the focus on what's happening in the oil market. we are at $86. that being said, the quality of risk appetite for that stock given the volumes were streaming -- extremely thin. we close lower in europe. make no mistake the vix suggest we've cascaded down in terms of price erasing all gains across the board. europe is trading the 108 handle. we are moving into a session now. >> the adjusted earning, those earnings at five yuan. 11. the revenue no for the second quarter is 2 billion you and it's worth watching in terms of the bellwether of the reopening story out of china. domestic and overseas travel we continue to watch. we see across the board strength, accommodation and reservations were higher in beating estimates. we are seeing some improvement when it comes to corporate travel as well seeing again there. let's look at the

chevron is insisting that it's doing all it can to ensure that its lng operations continue safely andbly. experts don't think that any industrial action in western australia will have a major impact on global gas prices. but and there is a but here that could change if industrial stoppages drag on. and that explains why there is a certain amount of anxiety in the international energy markets. phil mercer, bbc news, sydney. india's auto industry has seen sustained growth the month of august, with sales recovering back to pre—pandemic levels dealership data shows. but an erratic monsoon has emerged as a big concern for the industry going ahead. our india business correspondent nikhil inamdar has more from mumbai. well, the month of august saw good sales growth across categories from two wheelers to passenger vehicles and tractors. but a push for electric rickshaws and easy financing schemes helped three wheeler sales, in particular to grow by a smart 66%. inventory levels for passenger vehicles have also hit an all time high, reflecting optimism that dealers have about the impending fes

meanwhile, lng workers at chevron australia have threatened two weeks of nonstop outages at the majortember 14. partial strikes could come as soon as thursday. workers have served notice to the energy giant after clashing over pay. a two-week shutdown would lower australian output by over one million tons. that story on top of other stories we are tracking ahead of the open of major markets. plenty more to come, this is bloomberg. ♪ ♪ haidi: let's get to some geopolitical stories. china criticize president biden strategy toward basing as doomed to fail. the ministry of state security says the current american focus is no different from its previous approach of engagement and containment. the criticism comes less than one week after you notice -- u.s. secretary visited beijing. russian president vladimir putin has rejected turkey's efforts to restart a landlocked deal which would allow ukraine to ship grain through the black sea. he told turkish president that he will not consider the reviving of the deal unless west removes obstacles to their own exports. wheat prices have remained vo

a strike planned to start at two major lng — or natural gas — facilities in australia has been delayed as talks between chevronispute over pay and conditions. workers will now delay their strike action until friday morning. financial markets are keeping a close eye on the dispute, with prices rising in gas markets recently. speaking of those markets let me show you what is happening in europe right now. there are still lots of concerns in the energy markets not only because russia and saudi arabia have cut production, but also because of the lng issues. goodbye. hello from the bbc sport centre. i'm mimi fawaz. and to some developments in women's football in spain. players in the top tier of the women's game will strike over pay and conditions. the new liga f season is due to start on friday but instead players will walk out for the first two games. the spanish players�* association said the strike was called

. ♪ haidi: chevron has moved some crew from one of its lng facilities in australia after workers begangas prices are up, with european gas futures jumping 13%. bloomberg's a mmm, bridge joins us from melbourne. any developments over the weekend? amy: the partial strikes began from 1:00 p.m. perth time on friday. it is measures they are taking such a no overtime and refusal to carry out some duties. but what is happening at the moment is that it looks very much as if the. ridges will come quickly. of course, there have been negotiations for weeks, but it seems that despite the offshore alliance being able to broker an agreement with woodside a couple of weeks ago, it seems like the sticking points for chevron are still problematic from their perspective. vonnie: what, if any, impact has it had on production so far? amy: the thinking at the moment from analysts who are observing is that it is not having a huge impact. it seems to be more that it is going to be costing chevron through inefficiencies and other issues. but the real problem is that if this continues, it continues to drag on

chevron's talks with its australian lng workers continuing until friday as unions warn a deal to avert strikes is unlikely. schools and transports suspended in hong kong. trading may face disruption too, as the city is swamped by some of its heaviest rainfall in 140 years. haidi: we have some breaking news when it comes to hong kong and that weather situation. they were battered by a super typhoon last week and dealing with more extreme weather today. we are hearing from the hong kong exchange, delaying be friday morning session due to the highest rainstorm alert, canceling the preopening trade due to that rainstorm other as well. we're seeing the prospect of another day of extreme disruptions caused by the intense rain, now from a different storm. schools will be suspended on friday. the government made that announcement earlier, that these weather conditions will last until at least noon. it also called on employers to give employee staff safety priority as well as flexible working arrangements. bus operators suspending service as well. the hong kong raising the highest rainstorm mor

chevron has reached an agreement that strikes at a key lng facility in australia but a new ban on dieselxports has been announced by russia at the same time. we will discuss the energy market as much of the world heads into the winter months. a lot of crosscurrents there. stick with us. this is bloomberg. ♪ kriti: welcome back. this as "daybreak: europe." russia's decision to ban diesel and gas exports is adding to the risks of disruptive fuel supply ahead of the winter on top of moving strike action that we are seeing in australia. let's get more with birds david stringer talk about these crosscurrents. let's start with the russia story. is it likely that russia will persist with its ban? what is the logic and readthrough into the energy markets? david: as you said, russia announced those restrictions. first of all, it is a significant supply of about one million barrels so far this year of diesel type fuel that is used by all kinds of things, ships, trains, manufacturing, farming. really key to the economy. what everyone is asking is how long can this persist? they have said it is an i

unions and chevron have been participating in mediation talks over ongoing disputes over pay and conditions. australia is one of the world's largest exporters of lngus. interest rates in the uk may be close to their peak. that's according to the bank of england governor, who told mps, quote, we are much nearer now to the top of the cycle. but he also warns that rates may still have to rise further. the bank has hiked rates 14 times in a row as it tries to slow the fastest piece of price rises among the world's big economies. meanwhile the head of ryanair has slammed a report on flight chaos seen over the bank holiday as rubbish. he told the bbc that the disruption on the 20th of august will cost ryanair between 15 and £20 million. hundreds of flights were delayed or cancelled that day, after the uk's air traffic control system was brought down. you can find more on our website. that is it on this edition of asia businees report, thank you for watching. bbc news, bringing you different stories from across the uk. this is the village of butterton, near leek in staffordshire. they take the tradition of a scarecrow competition to a whole new level. so

has peaked because we have seen spots of it whether it be automakers or the ongoing in lng workers striking at chevron you take a look at upside inflation risks? mark: i think it is in the sense that baby boomers are retiring and you have got this entire cohort of people in their 20's who mysteriously have stopped working. there is a structural dynamic to what's going on and on top of that we have the election next year. michigan is a swing state. right now it is airing on the side of the democrats but you never know. i think that the federal government will be sympathetic to try and help those workers get some increases in their workers and car companies have pledged to increase wages by 20%. that is about half as much is what the workers want over the next four years but still it is something. it is better than nothing. haidi: you talk about a structural dynamic. i've got to ask your views about china at the moment. we have seen this 200 plus tidbits of policy support, it may stabilize the property sector. what do you make of the structural challenges going forward? mark: i look at a very simply and

if david's reporting on the writers, and we got some chevron progress in australia on the lng, nat gasational market. never used to be. my travel trust owns coterra. that's the one saving grace in this entire complex, which is natural gas used at home, is not up big. gasoline is up big. i think one of the things that people are focused on endlessly is why are the saudis not helping us? >> all right. what's the answer? >> i wonder whether it's political. are the saudis -- do the saudis want to elect a different party? >> you mentioned that yesterday. >> i can't understand why they're not helping. they are the swing. we're not. we should be. now, we're producing a little bit more, but you saw the recount. our companies just have discipline and they're not going to violate the discipline, because they want to make a lot of money. >> speaking of which, the spread between our b.o.b. and retail gas is, what, $1.30 at this point? the spread there is amazing. >> yeah. valero. interesting. although, some downgrades to the refiners. i don't trust that. i think the refinders aers are a lot of mon

katie: these two chevron facilities account for 7% of global lng supply.text of the american economy all the time, but this is an important reminder this is becoming a global issue. tom: we are going to sit on this for a moment. the basic idea is everyone is trying to figure out 2024 beginning labor day in america. what is the new work from home? wall street is looking to get americans back in the office. a beautiful grid by bloomberg. each firm has their own attitude. james comer and morgan stanley. he was getting angry there. he said, if they can have dinner in soho, they can come to work. and he sent, if they can stand in trout stream, they can come to work. [laughter] katie: if you think about what jamie dimon said, "i completely understand why someone does not want to commute a hour and a half every day, totally got it." that is a direct quote. but they do not have to work here. tom: the intensity has picked up on september 1. katie: today. tom: today's the day where we launch. past labor day, and into wednesday and thursday next. leading the charge i

chevron alluded to get a hearing on a request for a regulation in the lng labor dispute to ramp up at plans. let's go over to our correspondent with the story from melbourne. what we know about the latest developments? >> we had directions hearing yesterday afternoon. what that basically means is that the fed were commission, which is like an industrial umpire here in australia, is schedule e -- scheduling hearings for the 26th of september. that gives them a time for an interactive bargaining decoration. there are these provisions to be able to use this in a workplace dispute that was only used in june this year. we don't exactly know how things will play out, but we do know that it's now before the fed commission, and you can only apply for these things if you have been in dispute for nine months or more in this does appear qualify for that. negotiations have been going on for some time, and the main union that represents two units, the offshore lines, is basically saying, if they would agree, that's their retractable, but that action is to be going ahead as planned despite the hear

chevron, for its part, is always insisting that it will do all that it can to make sure that its supplies of lngstrial umpire is trying to broker a deal between both sides. we understand that there were talks today, monday and more are scheduled for tomorrow. all of this matters because australia is one of the world's major exporters of liquefied natural gas supply in many countries in asia. for example, if china and japan cannot get enough supplies of australian lng, they will go shopping elsewhere. potentially driving up prices and of course increasing anxiety in international energy markets. film is that they're reporting for us from sydney. those are your business headlines. you watching bbc news. bringing you different stories from across the uk. there is a constant buzz at the business launch pad in tooting. young aspiring entrepreneurs pitching ideas, making contacts and today they have the attention of the mayor. it keeps myself away from, like, certain environments like the street. and other places where you can be easily groomed or misconstrued. this hub aims to help young people make

so, goldman pointed to names like chevron, phillips 66 and baker hughes jpmorgan also favoring bakers hughes due to its exposure to lngh exxon and marathon oil other top picks. carl, back to you. >> pippa, thank you for that >>> got a bull call on domino's catching the street's attention today. we'll discuss why one analyst says the stock can run up to mebahetrt""squawk on t see cos ck eats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. are you still struggling with your bra? it's time for you to try knix. makers of the world's comfiest wireless bras. for revolutionary support without underwires, and sizes up to a g-cup, find your new favorite bra today at knix.com >>> a lot of focus on the consumer costco will be an important read as it reports earnings after the bell the stock outperforming the market this yea

chevron's gorgon and wheatstone liquefied natural gas projects in australia plan a total strike for two weeks from 14th september. it's a significant escalation in disputes over pay and conditions. australia is the world's biggest lngdispute has stoked volatility in natural gas market. the markets now. first of all, what is happening in europe. there is much more on this on the bbc website. the sewage discharges are covered there, it has been a major source of concern for people around the coast in the uk. we will see you very soon. goodbye. this is a village in staffordshire. they take the tradition of a scarecrow competition to a whole new level. . . scarecrow competition to a whole new level. , ., ., , , ., level. the festival has been going on for hundreds _ level. the festival has been going on for hundreds of— level. the festival has been going on for hundreds of years. - level. the festival has been going on for hundreds of years. that - level. the festival has been going on for hundreds of years. that is l level. the festival has been going | on for hundreds of years. that is to celebrate normally the end of holidays for our traditional copper mines in the area. we felt a scarecrow festival fitted in really

chevron is holding a final round of talks with unions today ahead of planned industrial action at the company's two lng facilities in australia. they're set to launch a series of strikes over pay increases and gas prices slipped over high inventory and weak demand. >>> universe says it will permanently close its cold powered plant in q3 next year. it will decommission the plant in line with its bigger trangs formation plans. meanwhile ceo michael lewis says europe's natural gas market is in a much better place heading into this year but warned prices could still be volatile. lewis told cbc this morning diversification is greater now. >> there is a significant supply coming forld and we're going to see a big increase up until 2026. we will have challenges, but as i said, most important is to ensure we have the right infrastructure so we can import more volumes into europe. that means we can import spot cargoes and bring lng to europe when the price is right. it doesn't necessarily protect you from price spikes but protects you from physical shortage. that's important for customers and for european indus

chevron. it still says the two sides cannot resolve those workplace issues. the two plants are the subject of those strikes, responsible for about 70% of the global lng supply. vonnie: it looked like we were getting a reprieve because they put off initial action for a day and then another day but now that does not look so likely. so what happens next? amy: that 1:00 p.m. deadline, it is fast approaching. what the plan is at this stage is they will be 24 hours stoppages from september 14 for a couple of weeks. but then who knows. they could have partial strikes, maybe they could work something out. initially there's expected to be demand in asia and europe for lng from australia, but beyond that there could be some real issues for the markets there. so i imagine these talks are going to continue, but the offshore alliance which is representing the workers, it's really using combative terms. and it does seem like the two parties are still quite far apart, which means of course there will be some partial action later today, australia time. the full strikes are plan from september 14 onwards. vonnie: partial action less than seven hours from now. that was amy ba

chevron's natural gas project in australia plan a total strike for two weeks from september 1a. a union allied said today. that is a significant escalation on disputes over pay and conditions. australia is the biggest lngs continued to recover from the pandemic, but critics say the journey to making cruise ships climate neutral is too slow. explora journeys has recently launched the explora1 luxury cruise ship, the first of six that the cruise company will build in the next five years. so just how environmentally friendly can a gigantic ship be? live now to michael ungerer, ceo of explora journeys. a warm welcome to you. good morning- _ a warm welcome to you. good morning- you _ a warm welcome to you. good morning. you are _ a warm welcome to you. good morning. you are welcome. i a warm welcome to you. good i morning. you are welcome. hello from geneva. i morning. you are welcome. hello from geneva-— from geneva. i have looked at footare from geneva. i have looked at footage of— from geneva. i have looked at footage of explorer _ from geneva. i have looked at footage of explorer one, - from geneva. i have looked at footage of explorer one, it - footage of explorer one, it looks absolutely stunning and

almost $400 per 1,000 cubic meters, the jump occurred after reports of a strike at lng plants american oil and gas company chevron in australia, while the union warned that from september 14, workers at these enterprises could go on a full two-week strike. what could increase competition for lng between asia and europe and cause new fluctuations in stock prices in the european market? one of the largest rescue operations in the world is underway in gorakhtaur in one of the caves in southern turkey . a forty-year-old american researcher suddenly became ill during an expedition as part of an international team of scientists at this moment. he was underground at a depth of 1,120 m. colleagues. they urgently ensured his delivery to the camp , which was located at a depth of just over 1,000 m, where they managed to give the sick man a blood transfusion ; it may take several days to bring him out of the cave ; a telephone connection was established with the american; his condition is gradually stabilizing; turkish rescuers were also joined by a team of 46 italian speleologists . china was in the path of the typhoon. ha