hi there, welcome to asia business report with me, mariko oi. ourtop mariko oi.ur top story for you this morning, british prime minister rishi sunak and us presidentjoe biden have announced what they called announced what they called a new partnership between the uk and us to boost economic security. the agreement is called the atlantic declaration and it covers a wide range of areas including artificial intelligence, green funding and civil nuclear power. michelle fleury has the latest. gone was the mention of an all—encompassing trade deal promised in the wake of brexiter. in its place, a commitment to co—operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach is a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other�*s countries work in each other�*s countries work in each other�*s companie

hi there, welcome to asia business report, with me, mariko oi. i want to start with japan this morning bacause it hasjust released its latest growth figures for the first tthree months of this year and the economy grew by 2.7% which is much, much higher than the initial estimate of 1.5% and much stronger than what analysts had also been expecting as well. growth was driven by robust business spending and a rebound in tourism, especially after covid restrictions were dropped earlier this year. let's ta ke let's take a look at how the stock market is doing. flat to high. trading at a 33 year home. the last quarter it outperformed any major global indices partly because investors are hopeful about japan's economy. nobuko kobayashi, from professional services firm, ey, explains. yes, it beat expectation by one point which is quite phenomenal. if you peel down, break down the difference, the positive surprise comes especially from the investment in private sector. the personal consumption, which was considered to be jumping up, was in line with expect

i'm mariko oi. another day and another crackdown on crypto by us regulators. this time it's coinbase, the largest crypto trading platform in america. the securities and exchange commission or sec is suing coinbase for allegedly operating as an exchange without registering as one. just yesterday, the sec filed 13 charges against its bigger rival, binance, and its billionaire creator. samira hussain has more from new york. in these latest charges, the sec said coinbase acted as a broker exchange and clearing agency for broker exchange and clearing auen y ., , , ., ., agency for investments that are sub'ect to agency for investments that are subject to sec _ agency for investments that are subject to sec rules. _ agency for investments that are subject to sec rules. but - agency for investments that are subject to sec rules. but they i subject to sec rules. but they did so without properly registering, and that, they said, allows the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise, as a pu

hello and welcome to asia business report with me, mariko oi. top story today — british prime minister rishi sunak and president biden have announced what they called a new partnership between the uk and us to boost economic security. the agreement, called the atlantic declaration, covers a wide range of areas including artificial intelligence, green funding and civil nuclear power. michelle fleury has the latest from new york. gone was the mention of the all—encompassing trade deal promised in the wake of brexit. as place, a commitment to cooperate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister held this approach as a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face. the economic relationship has never _ face. the economic relationship has never been _ face. the economic relationship has never been stronger. - face. the economic relationship has never been stronger. the . has never been stronger. the trade — has

hi there, welcome to asia business report, with me, mariko oi. japan has just released japan hasjust released its figures in the economy grew by 2% which is much, much higher than the estimate of 1.5% and much stronger than what analysts had been expecting as well. growth was due to... the optimism is reflected in the stock markets as well. this is how the nikkei has started trading. it has been at 833 year high so we see a bit of profit—taking. —— a 33%. the last quarter outperforming any major global indices as well. let's begin nobuko kobayashi joining us from kyoto. thank you forjoining us on the programme again. what did you make of this much stronger than expected gdp figures? yes. make of this much stronger than expected gdp figures?— expected gdp figures? yes, it beat expectation _ expected gdp figures? yes, it beat expectation by _ expected gdp figures? yes, it beat expectation by one - expected gdp figures? yes, it beat expectation by one point| beat expectation by one point which is quite phenomenal. if you peel down, break down the di

i'm mariko oi.n nato and the eu for the security of the west. every european country that borders russia and that does not want russia to tear it apart should be a full member of the eu and nato. russia's foreign minister sergei lavrov attends the brics nations meeting in south africa but events are overshadowed by the question of whether the russian president would be arrested if he attends a summit in august.

reporting live from singapore, i'm mariko oi.olice officers are on the streets of france, braced for a third night of violence over the shooting dead of a teenage boy in paris. is this the end of affirmative action in america? the us supreme court rules universities must stop choosing students on the grounds of race. the british government says it will go to the supreme court to challenge a ruling that its policy of deporting asylum seekers to rwanda is unlawful.

mariko oi has more. japan's battle to boost the rate is actually not new.ted introducing policies to encourage couples to have more children back in the 1990s, but it's really not been working and the country had record—low births with fewer than 800,000 last year. so, prime minister fumio kishida has pledged to double the budget for child—related policies over the next three years and he just told ministers he wanted to increase the plan of child care spending to measures like supporting higher education. but here's the catch, there was no discussion on how to fund this $26 billion. japan, of course, is already the world's most indebted developed economy. there are several options like selling more government bonds, which basically means increasing its debt even more, or increasing social insurance premiums. but the first option adds financial burden to future generations while the other would hit already struggling workers which could convince them to have fewer or even worse no children. and the issue is, a lot of experts say these measures don't actuall

hello and welcome to asia business report with me, mariko oi.about 20 minutes, japan will be releasing final reading on economy performance for the first three months of this year. a reuters poll suggests the economy likely grew more than initially estimated. the boost is likely to have come from a rebound in the tourism sector afterjapan dropped sector after japan dropped post—covid—i9 restrictions earlier this year. the optimism is reflected in the stock market too. it did dip a bit yesterday. it's a some 15% in the last quarter outperforming all the major global intimacies. we were told what is expected from the gp numbers. is expected from the gp numbere— is expected from the gp numbers. , ., ., , numbers. the print emma larry numbers. the print emma larry number was _ numbers. the print emma larry number was 1.696 _ numbers. the print emma larry number was 1.696 for _ numbers. the print emma larry number was 1.696 for the - numbers. the print emma larry| number was 1.696 for the annual number was 1.6% for the annual iceberg based on 01 —— p

i'm mariko oi.was one of the worst kept secrets in silicon valley, but apple's new headset is a major moment for the world's most valuable company. it's the first major launch for almost a decade. the augmented reality headset has a two hour battery life and it'll cost you nearly three and a half thousand dollars when it becomes available. the new headset blends the virtual world to the real world and redefines personal technology. in the same way _ personal technology. in the same way that _ personal technology. in the same way that mac - personal technology. in the i same way that mac introduced personal technology. in the - same way that mac introduced us to personal computing, and iphone introduced us to mobile computing, applevision pro will introduce us for spatial computing. introduce us for spatial computing-— introduce us for spatial com-autin. . , computing. earlier, i spoke to. . . computing. earlier, i spoke t0- -- and — computing. earlier, i spoke to... and she _ computing. earlier, i s

welcome to asia business report with me, mariko oi. it was one of the worst kept secrets in silicon valley, but still, apple's new headset is a major moment for the world's most valuable company. it is called the apple vision pro and it is theirfirst major the apple vision pro and it is their first major hardware launch in almost a decade. the augmented reality headset has a two hour battery life and it will cost you nearly $2500 when it becomes available early next year the us to stop the boss of apple tim cook said the new headset seamlessly blends the real world and the virtual world and promised that this new gadget will redefine personal technology. in the same way _ personal technology. in the same way that _ personal technology. in the same way that mac - personal technology. in the i same way that mac introduced personal technology. in the - same way that mac introduced us to personal computer thing and iphone introduced us to mobile computing, apple vision pro will introduce us to spatial computing. this marks the beginning of

welcome to newsday, reporting live from singapore, i'm mariko oi. the headlines.e on the streets of france, braced for a third night of violence, over the shooting dead of a teenage boy in paris. is this the end of affirmative action in america? the us supreme court rules universities must stop choosing students on the grounds of race the british government says it will go to the supreme court to challenge a ruling that its policy of deporting asylum seekers to rwanda is unlawful. the british people no longer indulge the polite fiction that we

yourself welcome to newsday, reporting live from singapore, i'm mariko oi. the headlines.. familes desperately search for loved ones after one of india's worst train crashes leaves nearly 300 people dead. we speak to ukrainians who've had enough of exile — and are heading back to their homes, near the front line of the war with russia. a 17—year—old, who died after being pulled from the sea in bournemouth, has been named asjoe abbess. earlier, a funeral was held for 12—year—old, sunnah khan, who was killed in the same incident. and the plight of the platypus facing a bleak future of plastic pollution. just one of the issues under discussion on world environment day. it's seven in the morning here in singapore, and 3:30am in odisha in india, where the country's worst train disaster in decades happened. there's a growing sense of shock as the scale of the crash becomes more apparent. the rescue operation has now been called off — with more than 275 people known to have been killed. a major investigation is under way. officials have confirmed that signal failure may have been

i'm mariko oi.the economic and trade relationship between the two.

reporting live from singapore, i'm mariko oi. the headlines... russia claims to have thwarted another major offensive by ukrainian troops. president zelensky praises his forces for delivering the news kyiv has been expecting. translation: well done, soldiers. - we can see how hysterically russia greets every step we make there, every position we take. the enemy knows that ukraine will win. apple reveals its first augmented—reality headset — its first major hardware launch in a decade. and how mental health has become the most recent catastrophe to hit afghanistan. we have a special report. live from our studio in singapore. this is bbc news. it's newsday. hi there, thank you for being with us. we start with the notable increase in military activity, in southern and eastern ukraine. the ukrainian armed forces say they've launched several attacks, but the russians insist those attacks have been repelled. russian officials are claiming that their troops have succeded in blocking attacks around donetsk, luhansk, and zaporizhzhia — the ukrainian attac

i'm mariko oi.the two.

reporting live from singapore, i'm mariko oi. the headlines... "an environmental bomb of mass destruction" — president zelensky accuses russia of blowing up a crucial dam on the dnipro river, unleashing a flood of water. translation: unleashing a flood of water. for translation: unleashin: a flood of water. ., ~ ., its translation: for the sake of its own security, _ translation: for the sake of its own security, the _ translation: for the sake of its own security, the world - its own security, the world should show that russia cannot get with such terror. but moscow denies involvement and accuses kyiv of sabotaging the dam. prince harry takes on the tabloid press at the high court. he says, the papers' behaviour had put him into a "downward spiral". and the us—based pga tour has announced a shock merger with its saudi—backed rival liv golf, ending a bitter split in men's professional golf. live from our studio in singapore. this is bbc news. it's newsday. hi there, thank you for being with us. we start in ukraine — and the attack on a crucial da

i'm mariko oi. the headlines — "an environmental bomb of mass destruction" — president zelensky accuses russia of blowing up a crucial dam on the dnipro river, unleashing a flood of water. translation: for the sake of its own security, - the world should show now that russia cannot get away with such terror. but moscow denies involvement, and accuses kyiv of sabotaging the dam. prince harry takes on the tabloid press at the high court. he says the papers�* behaviour had put him into a "downward spiral". the us—based pga tour has announced a shock merger with its saudi—backed rival, liv golf, ending a bitter split in men's professional golf. and on patrol with the taliban, the bbc finds evidence of major success in clamping down on opium growing in afghanistan. live from our studio in singapore, this is bbc news. it's newsday. thank you for being with us. we start in ukraine, and the attack on a crucial dam in the south of the country. thousands of people have been forced to evacuate, because of risi

——mariko oi. headlines: millions of people in north america are under air quality alerts, as smoke from wildfires in canada blankets parts of the us and canada. four young children are in a stable condition in hospital after being injured in a knife attack in france. rishi sunak and joe biden agree a new economic partnership between the two countries, but appearfar from a free trade agreement. today we have agreed the atlantic declaration, a new economic partnership for a new age, of a kind that has never been agreed before. ukraine president visits the areas devastated by the bombing of a dam. ., ., , ., of a dam. live from our studio in singapore. _ of a dam. live from our studio in singapore, this _ of a dam. live from our studio in singapore, this is _ of a dam. live from our studio in singapore, this is bbc - of a dam. live from our studio| in singapore, this is bbc news — it's newsday. thank you for being with us. we begin this over with breaking news from the united states went from a presi

i'm mariko oi.e've been telling you, those

mariko oi has the story for us from our asia business hub in singapore. lovely to see you.ant past. the not—too—dista nt past. indeed, the not—too—distant past. indeed, sally. it has been really turbulent few weeks for nissan. just last week the company was sued by former boss carlos ghosn for defamation. but separate to that they have been rural —— rumours of a rivalry between current chief executive and his deputy. and then on friday the company made a rather surprising announcement that the deputy was leaving. he is a chief operating officer of the company and some people even saw him as a possible candidate to one day become the chief executive. now there are reports that the company has launched an investigation into claims that the ceo carried out surveillance of mr gudjiga. we have approached nissan for comment but we have yet to hear back from them that the surveillance claims are reportedly about a split in senior management and nissan's relationship with renault and transfers of international property to the french company and so on. if this is all confirmed, five

mariko oi is there for us today. lovely to see you. talk us through what is going on.what is going on. the company in — through what is going on. tue: company in question through what is going on. tte: company in question is through what is going on. "tte: company in question is not exactly a household name outside china but it is a state owned multinational conglomerate that is primarily engaged in production and trading of chemicals and fertiliser. it is the main shareholder of pirelli, with 37% stake after the italian company was sold to a group of investors back in 2018 for almost $8 billion. the second biggest investor with just over 14% stake is a holding company which is controlled by the boss of pirelli. what was concluded over the weekend is that it can thin could nominate ceo candidates for the company and it is part of the announced by. toshio pirelli as well as its management. i doubt if sinochem and beijing will be too happy about this quite how did the italian government do this? they basically examined the pack between pirelli's bigger shareholders under

mariko oi. the grain of its peers — mostly everyone else raising rates into inflation — whats the thinking behind japan's policies? the thinking behind it is the japanese economy still is not ready for higher rates because even though as you mention it is finally expressing inflation after decades of falling prices known as deflation, these are caused by external factors like the war in ukraine. they want to be driven by demand at home and they have not changed any of the policies that have been tasked with making my favourite topic the bank ofjapan exciting and interesting. it was a first central bank in 1989 to introduce cutting the cost of borrowing to zero to best economy and others followed, especially during the pandemic but unlike the us and the uk, japan has not started raising rates but there is another wallace in the bank is implemented which is rather controversial and it is to put a cap on the interest paid on government bonds. this policy has very little impact on us or ordinary con

mariko oi is across this story for us from our asia business hub in singapore. what did he say?irstly, whether he would mention rush around what happened over the weekend, which was highly unlikely and not surprisingly he didn't talk about it. secondly, we were wondering whether he would talk about the economy and how it recovery has been quite weak, because if you remember, after beijing suddenly decided to reopen its economy after years of lockdown at the end of last year, the initial signs weren't too bad but it turned out that that recovery was pretty much driven by strong consumer demand, meaning that people were basically desperate to go out shopping after being stuck at home for so long stop it lately we have been seeing some week economic data, especially in manufacturing as factories haven't been so busy. also, investments are down in the property sector is still pretty weak as well. he said he expects the growth to be stronger in the second quarter of this year compared to the first quarter, but he didn't exactly offer any explanations as to why. he also criticised som

mariko oi is across this story for us from our asia business hub in singapore. lovely to see you. trouble? well, sally, of course, yesterday - trouble? well, sally, of course, yesterday we i trouble? well, sally, of. course, yesterday we were talking about the health of china's economy and it is a sensitive subject because for long time, the chinese public was somewhat rewarded, if you like, with a robust economy growth, in exchange for giving up growth, in exchange for giving up some of their freedom like the right to protest. so slowing economic growth is very tricky subject to discuss and one of china's most prominent economy commentators who had nearly five million followers which is the twitter like platform in china. his name is wu shou, bow and he was blocked on monday alongside with two others and he has since deleted his recent posts and said he had spread harmful information that undermined government policy including manipulating unemployment rates. now, the unemployment rates. now, the unemployment rates. now, the unemployment rate especially among the country's youth

reporting live from singapore, i'm mariko oi. the headlines: tens of thousands of ukrainians are forced to abandon their homes, as floods caused by the destruction of a russian—occupied dam continue to spread. rescue teams are trying to help people and you can see how they would be trapped. the water is cloudy. kherson, after everything it has gone through, is a city on its knees. a business targeting women and east asia has been uncovered in the bbc. prince harry takes to the stand again in his privacy case against mirror group newspapers — he tells the court he's suing to stop the hate towards his wife meghan. wildfires in canada leave tens of millions of people living under orange skies, as air quality drops to hazardous levels. announcer: live from our studio in singapore, this is bbc news — it's newsday. thank you for being with us. we began in ukraine where floodwaters are still rising in the city of kherson after a major dam was hit on thursday. tens of thousands of people have been stranded and whole neighbourhoods submer

live now to our asia business hub and speak to mariko oi. what is going on?around the world which trade with china they were relieved about that, but that growth, the rebound was pretty much driven by strong consumer spending. basically, people were spending a lot of money and people even calling revenge spending after three years of lot down and not being able to go out and go shopping. then we saw some big data is said, manufacturing has not been so strong, factories not being very strong, and talking about the property set being quite volatile, also the local government debt, that has been a huge headache for the central government, all those challenges remained and all the weak data started coming in, even last week, we saw that inflation data, and month on month, prices falling only slightly, but that is a big concern, some economists starting to talk about whether china is in inflation, the china is in inflation, the china central bank has denied that it wasjust china central bank has denied that it was just because of the level from last year compared