welcome to asia business report with me, mariko oi. ourtop business report with me, mariko oi. our top story, business report with me, mariko oi. ourtop story, china business report with me, mariko oi. our top story, china and australia looking to be moving beyond trade spats because over the weekend, beijing ended tariffs on australian bali. they were implemented three years ago in a move that cut of almost $1 billion in annual trade. the bali decision follows the resumption of trade in other products like coal and timber but not all restrictions have been lifted. some still remain on items like lobster and wine. earlier, i spoke to clive russell, an economist who explains what has changed. i explains what has changed. 1 think the major change was first a political one, australia had an election last year and the centre—left labour government was elected replacing the more right—wing liberal national coalition government which allowed a resumption of relations between beijing and canberra which had been rocky. it was also a creeping realisation that there hadn't been any benef

welcome to asia business report with me, mariko oi. ourtop business report with me, mariko oi.tralia looking to be moving beyond trade spats because over the weekend, beijing ended tariffs on australian bali. they were implemented three years ago in a move that cut of almost $1 billion in annual trade. the bali decision follows the resumption of trade in other products like

i'm mariko oi. the headlines: niger's military leaders close its airspace, blaming threats of foreign intervention. rescue efforts continue in china after typhoon doksuri batters the country's northeast. and barbie hits $1 billion at the global box office, making history for its director, greta gerwig. live from our studio in singapore, this is bbc news. it's newsday. hi there. thank you for being with us. indonesia generals who sees powers so they have closed airspace against what they call airspace against what they call a threat of intervention against them. a deadline expired for them to restore the ousted president or face the possible action from the west african regional grouping known as ecowas. thousands of people gathered in the capsule to support the militaryjunta support the military junta despite support the militaryjunta despite condemnation of soldier actions. some majoring dominant neighbouring countries including mali, burkina faso and guinea have voiced support for the coup leaders

aiemann mariko oi. the headlines: ukraine says a russian missile attack on the eastern city of pokrovsk has killed at least five people and wounded more than 30. lawyers for donald trump say a protective order violates the former president's first amendment rights. an american official meets the coup leaders in niger, but fails to meet the deposed president. and oscar winning director william friedkin best known for the controversial horror film the exorcist, dies at the age of 87. live from our studio in singapore, this is bbc news. it's newsday. hi there. thank you for being with us. we begin in ukraine, where at least five people have been killed in a russian missile attack on residential buildings in the eastern ukrainian town of pokrovsk. ukraine's interior minister reported that the strikes also injured at least 31 people. among the injured are at least 19 police officers, five rescuers, and a child. the head of the donetsk region said the strikes damaged a hotel as well as shops and administrativ

i'm mariko oi.chip—maker arm, which is owned by japan's softbank, filed the paperwork on monday for a us listing. the cambridge based chip—maker plans to make its american stock market debut in early september, selling its shares on the nasdaq exchange. here's michelle fleury. arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japan's softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. other possible big investors also include apple and microsoft. since acquiring arm in 2016

welcome to asia business report with me, mariko oi. let's begin in china where we've been talking about the property sector crisis that is weighing on its economy. one of the country's biggest developers, country garden, has said it has lost $6.7 billion for the first six months of this year, adding to worries of a potentially disastrous default. it's the latest sign that the world's second biggest economy is struggling to gain traction after lifting strict covid—19 restrictions. our asia business correspondent, nick marsh, has the details. it practically rolls off the tongue by now. slow growth, record youth unemployment, weak exports, record property sector in crisis. china was supposed to be roaring back after three years of zero—covid. actually, it is doing the opposite. let's take a look at what's happening and how serious the situation is. property is basically at the heart of everything. for 20 years it boomed, developers borrowed billions, families invested their savings in houses. but now it's in crisis. there are too many hou

i'm mariko oi.uis rubiales to resign over that kiss at the end of the women's world cup final. bank holiday chaos. the world's two biggest economies agreed to talk regularly on trade. we will have the latest on the visit to china. donald trump faces a manic monday ahead of super tuesday, as a us federaljudge sets a trial date of the 11th of march for the former president. live from our studio in singapore, this is bbc world news. it's newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in spain, where the country's football federation has asked its president, luis rubiales, to resign after he kissed a player on the lips following the women's world cup final. the federation�*s call for him to step down,

i'm mariko oi.na has been hit by severe weather in the recent weeks, after two powerful typhoons hit the country in one month. more than seven million people across the country have been affected, including in the capital beijing. floods have also hit one of china's top grain—producing regions, raising concerns about food security. earlier, i spoke to regional expert rajiv biswas who explained the economic impact of these floods. the flooding so far in the month ofjuly is estimated to have cost around 25 billion usd. and of course the season for these sort of extreme weather events is not yet over. august and september, historically, have also often had severe weather events, such as typhoons and floods, as well as drought. last year, china was also hit by a very severe drought. so what we're seeing is increasing impact of severe weather events on china. and this is, of course, linked to rising temperatures globally. climate change is very much linked to what we're seeing at present in china and in

i'm mariko oi.2030. wildfires rage in portugal as the un describes recent record global temperatures as extraordinary. canadian rapper tory lanez has been sentenced to ten years in prison for shooting and wounding megan thee stallion. and hiroshima and nagasaki in virtual reality — before and after the atomic bombings in 1916. live from our studio in singapore, this is bbc news — it's newsday.

reporting live from singapore, i'm mariko oi.ines: 7a people, including 12 children, have been killed in a fire at an apartment block injohannesburg. south africa's president visits the scene. johannesburg has never had an incident like this where so many people die as a result of fire in the centre of the city. so this is tragic. we report from the philippines where tensions with beijing are rising over territory in the south china sea. the uk has a new defence secretary — we'll ask how grant shapps will approach relations with china. it sounds like a cock and bull story — we'll hear about the man pulled over for driving with a real life bull in the passenger seat. live from our studio in singapore, this is bbc news — it's newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in the south african city ofjohannesburg where twelve children are among more than 70 people now known to have died after a fire in a tower block.

i'm mariko oi. us commerce secretary gina raimondo has arrived in china late last night, making her the latest senior american official to visit the country. she'll be there for four days, meeting chinese officials and american business leaders in beijing and shanghai. but tensions have been high between the world's two largest economies with secretary raimondo saying she wont "pull any punches" on her trip but intends to be practical. for example, as the us and its allies blocked china's access to advanced chips, beijing has restricted shipments from american chip company micron, and fined us firm minz for doing what china called "uapproved statistical work". eric zheng is the president of the american chamber of commerce in shanghai. he'll be meeting secretary raimondo during her visit. certainly, i think the us—china bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainties. so we are very happy that secretary raimondo is visit

welcome to asia business report with me, mariko oi. the us commerce secretary has arrived in china late last night, making her the latest senior american to visit the country. she will be there for four days, meeting chinese officials and business leaders in beijing and shanghai. secretary raimondo says that she intends to be practical. tensions have been high between the world's two biggest economies. eric erithung is the president of the chamber of commerce and he will meet secretary raimondo. he told me what it is local businesses at the moment. the us—china bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainty. so, we are very happy that secretary raimondo is visiting china as we speak. what issues will you be asking to raise when you meet her? especially given when she says she will not be pulling her punches but she intends to be practical? certainly, i think us and china are the two largest economies in the world, and the two countries need to figure out a w

i'm mariko oi.e begin in the us where prices rose moderately last month, despite a sharp increase in interest rates to stamp out inflation. the figures suggest the federal reserve's monetary policy is succeeding in taming soaring prices but thejob might not be done just yet. michelle fleury has more from new york. the us government reported that inflation increased 3.2% from a year earlier. that was up from a 3% annual rise injune. the increase is due in part to higher housing, car insurance and food costs. but once you strip out things like volatile food and energy prices, so—called core inflation was 4.7%, the lowest since october 2021. the good news is that inflation has drifted down from last summer's a0 year highs, but it is still well above what the federal reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they don't need to raise interest rates further. the us central bank, you may recall, raised its benchmark

hi there, welcome to asia business report, with me, mariko oi. china and australia seem to be moving beyond trades spats because over the weekend, beijing ended tariffs on australia and barley. it follows the resumption of trade in products like coal and timber, but in not all restrictions have been restricted. some remain on items like lobster and wine. i spoke to clive russell, who explains what's changed between beijing and canberra. the centreleft labor government was replacing the right—wing government. that allowed a reset of relations between beijing and canberra which had been rocky. there had not been benefit for other party from the action china took. it cost china a lot of money to buy coal and barley from other places, so it wasn't really a win for them and it didn't hurt australia as far as australia's miners were able to find alternate markets and didn't suffer that much at all. you said some tariffs remain but there are other sticking points in a relationship so is it possible they could go back to where they were or is a relations

reporting live from singapore, i'm mariko oi.biden is shot dead by the fbi. the latest twist in us and china tensions. deadly bushfires in the hawaiian island of maui.— bushfires in the hawaiian island of maui. live from our studio in _ island of maui. live from our studio in singapore, - island of maui. live from our studio in singapore, this- island of maui. live from our studio in singapore, this is i studio in singapore, this is bbc news — it's newsday. thank you for being with us. we begin in the us where a man who posted violent threats against presidentjoe biden has been shot dead by the fbi. agents were trying to serve an arrest warrant on craig robertson at his home in utah,

hi there, welcome to asia business report, with me mariko oi.ur top story this morning as we told you on newsday, us presidentjoe biden has a slapped new restrictions on american investments in china's high—tech sector. the long—awaited executive order targets industries like semiconductors and artificial intelligence. it is expected to come into effect next year. this is a new front of the tech well between two global superpowers. the restrictions prevent capital from some investing in high—tech sector investing in high—tech sector in china such as quantum computing, artificial intelligence and advanced semiconductors. the goal is to stop the speed up of technology that could help china develop weapons for use against america in a military context. we put also require firms to make arrangements to report activities. potentially laying the ground for more restrictions down the road. the regulations are not expected to take effect right away and there will be a period so businesses can weigh in on the proposal. china is the world's second biggest

hi there, welcome to asia business report with me, mariko oi. as we've been telling you here on bbc news, china has been hit by severe weather in the recent weeks after two powerful typhoons with the country in one month. more than 7 million people across the country have been affected, including in the capital, beijing. floods have also hit one of the country's top grain producing regions, raising concerns about food security. early i spoke to regional expert rajiv biswas, who explained the economic impact of these floods.— of these floods. well if flooding _ of these floods. well if flooding so _ of these floods. well if flooding so for- of these floods. well if flooding so for any - of these floods. well if i flooding so for any month of these floods. well if - flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had severe weather events, such as typhoons a

hi there, welcome to asia business report with me, mariko oi. we start this morning on wall street, where all three main indices have closed in the red on tuesday and we are seeing asian markets following their lead as well. the sell—off was basically sparked by the downgrading of several american banks by credit ratings agency moody's. the move has reignited fears about american banks and the economy. from new york, michelle fleury has more. wall street was being red on tuesday, bank stocks leading the way. shares in goldman sachs fell 2%. the catalyst was moody's downgrading the credit rating on several small and me us banks, including mmt and pinnacle financial. the red flag is raised by the ratings agency including a potential recession as well as problem so to the commercial real estate set up. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn't helped by data from new york federal reserve, which showed that for the first time americans owed more than $1 trillion on their credit cards. traders h

hello, welcome to asia business report with me, mariko oi.eginning the united states where prices rose moderately last month, despite a sharp increase in interest rates to stamp out inflation. the figures suggest that america's central bank monetary policy is succeeding in containing soaring prices but thejob may not be done just yet. shall flory has more from new york. the us government reported that inflation increased 3.2% from a year earlier which was up from a 3% annual rise injune. —— michelle fleury. it's due to higher housing, cars and food costs but once his take—out core inflation was 4.7%, the lowest since october 2021. the good news is that inflation has drifted down from last summer's 40 drifted down from last summer's a0 year highs but it's still well above what the federal reserve thinks of as normal prices. with the overall trend heading in the right direction, policymakers may feel that they don't need to raise interest rates further. us central bank, you may recall, raised its benchmark interest rate to more than five and a

hi there, welcome to asia business report, with me, mariko oi.we have been telling you, china's most severe weather in recent weeks after two powerful typhoons in the country in just one month. more than 7 million people across the country have been affected, including in the capital, beijing. floods have also hit one of the country's top grain producing regions, raising concerns about food security. earlier i spoke to a regional expert who explained the economic impact of those floods. ~ , ., �* ., ., floods. while you're flooding so far in the _ floods. while you're flooding so far in the month - floods. while you're flooding so far in the month of - floods. while you're flooding so far in the month ofjuly i floods. while you're flooding so far in the month ofjuly is| so far in the month ofjuly is estimated to have cost around 25 billion us dollars then of course the season for these sorts of extreme weather events is not yet over. august and september historically have also often had severe weather events, such as typhoons and floods, as well

welcome to newsday, reporting live from singapore, i'm mariko oi. the headlines...ank national air traffic service fixes a technical issue which causes the cancellation of hundreds of flights. donald trump faces a monarch monday ahead of super tuesday as a us federaljudge sets a trial date of the 4th of march for the former president. we begin in spain whether country mac that will federation has asked its president luis rubiales to resign after he kissed a player on the lips following the women's world cup final. the

welcome to asia business report with me mariko oi.et's begin with the global global chip or because semiconductor chip maker asm l has confirmed reports it had received licenses from the government to export some of it is advanced tools to china until the end of the year. export controls are due to begin today after the netherlands have followed pressure from the united states to curb the sale of advanced computer chip technology. hardware technology says that means current are good until the end of 2023. it’s means current are good until the end of 2023.— the end of 2023. it's widely exnected — the end of 2023. it's widely expected that _ the end of 2023. it's widely expected that in _ the end of 2023. it's widely expected that in 2024 - the end of 2023. it's widely| expected that in 2024 these licenses will not be renewed. what that means is that asm l which is a 90% market share in the space is not going to sell these machines next year in china. . ~ , ., china. talk us through the purpose — china. talk us through the purpose of _

welcome to a business report with me, mariko oi.he us commerce secretary has arrived in china late last night, making herthe arrived in china late last night, making her the latest senior american to visit the country. she will be there for four days, meeting chinese officials and business leaders in beijing and shanghai. secretary raimondo says that she intends to be practical. tensions have been high between the world's two biggest economies. as the us and its allies blocked china's access to advanced chips beijing restricted shipments from a chip company and also find anotherfirm for doing chip company and also find another firm for doing what china called unapproved statistical work. china called unapproved statisticalwork. eric china called unapproved statistical work. ericjohn is statistical work. eric john is the statistical work. ericjohn is the present of the american chamber of commerce in shanghai and he will meet secretary raimondo during her visit. he told me what it has been like all american businesses there at the mo

i'm mariko oi.ur top story this morning — us presidentjoe biden has slapped new restrictions on american investments in china's hi—tech sector. the long—awaited executive order targets industries like semiconductors and artificial intelligence. it is expected to come into effect next year. a spokesperson from the chinese embassy in the us has called the move disappointing. earlier, i spoke to anna ashton from political risk consultancy firm eurasia group, and she explained what sort of reach the order could have. it is not as restrictive as it could have been, certainly not as restrictive as the rumours suggested it would be when the administration first announced announced it was considering something like this. you know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50% of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. and that is far more narrow than we could've seen because last october, the

welcome to asia business report with me mariko oi.d reports it had received licenses from the government to export some of it is advanced tools to china until the end of the year. export controls are due to begin today after the netherlands have followed pressure from the united states to curb the sale of advanced computer chip technology. hardware technology says that means current are good until the end of 2023. it’s means current are good until the end of 2023.— the end of 2023. it's widely exoected — the end of 2023. it's widely expected that _ the end of 2023. it's widely expected that in _ the end of 2023. it's widely expected that in 2024 - the end of 2023. it's widely| expected that in 2024 these licenses will not be renewed. what that means is that asm l which is a 90% market share in the space is not going to sell these machines next year in china. ., ., , these machines next year in china. . ~ , .,

reporting live from singapore, i'm mariko oi. the headlines: south american leaders launch a new alliance to save the amazon but stop short of pledging to end deforestation by 2030. and the heat goes on — wildfires rage in portugal, as the un describes recent record global temperatures as extraordinary. canadian rapper tory lanez has been sentenced to ten years in prison for shooting and wounding megan thee stallion. and hiroshima and nagasaki in virtual reality — before and after the atomic bombings in 1916. live from our studio in singapore, this is bbc news. it's newsday. hi there, thank you for being with us. we begin with some breaking news from the brazilian city of belem, where leaders of eight south american countries which share the amazon have been meeting for a landmark summit. the leaders have issued a joint declaration, saying they have established a new alliance, aimed at "preventing the amazon from reaching a point of no return". but leaders appear to have stopped short of pledging an end to deforestation by 2030,

i'm mariko oi.ctions on american investments in china's hi—tech sector. the long—awaited executive order targets industries like semiconductors and artificial intelligence. it is expected to come into effect next year. a spokesperson from the chinese embassy in the us has called the move disappointing. earlier, i spoke to anna ashton from political risk consultancy firm eurasia group, and she explained what sort of reach the order could have. it is not as restrictive as it could have been, certainly not as restrictive as the rumours suggested it

reporting live from singapore, i'm mariko oi. the headlines: niger's military leaders close its airspace, blaming threats of intervention after a deadline to reinstate the ousted president expires. rescue efforts continue in china after typhoon doksuri batters the country's northeast. in the uk — the first group of asylum seekers to be housed on a boat are expected to be moved there on monday. and barbie hits $1 billion at the global box office, making history for its director, greta gerwig. we begin in niger, where the breaking news in the last half an hour is the military leaders who staged a coup say they have closed the country's airspace over what they called the "threat of intervention" against them. the announcement came as a deadline expired for them to restore the ousted president or face the possible action from the west african regional grouping known as ecowas. earlier thousands of people gathered in niger's capital to support the militaryjunta, despite international condemnation of the soldiers�* actions. some neighb

hello, welcome to asia business report with me, mariko oi.t that america's central bank monetary policy is succeeding in containing soaring prices but thejob may not be done just yet. shall flory has more from new york. the us government reported that inflation increased 3.2% from a year earlier which was up from a 3% annual rise injune. —— michelle fleury. it's due to

reporting live from singapore, i'm mariko oi.line to reinstate the ousted president expires. rescue efforts continue in china after typhoon doksuri batters the country's northeast. in the uk — the first group of asylum seekers to be housed on a boat are expected to be moved there on monday. and barbie hits $1 billion at the global box office, making history for its director, greta gerwig.

welcome to a business report with me, mariko oi.enior american to visit the country. she will be there for four days, meeting chinese officials and business leaders in beijing and shanghai. secretary raimondo says that she intends to be practical. tensions have been high between the world's two biggest economies. as the us and its allies blocked china's access to advanced chips beijing restricted shipments from a chip company and also

i'm mariko oi. the headlines: niger's military leaders close its airspace, blaming threats of intervention after a deadline to reinstate the ousted president expires. rescue efforts continue in china after typhoon doksuri batters the country's northeast. in the uk — the first group of asylum seekers to be housed on a boat are expected to be moved there on monday. and barbie hits $1 billion at the global box office, making history for its director, greta gerwig. live from our studio in singapore, this is bbc news. it's newsday. we start in niger, as the generals who've seized power there, say they've closed the country's airspace until further notice, in response to threat of military intervention against them. the announcement came as a deadline expired for them to restore the elected president or face possible action from the west african regional grouping known as ecowas. a spokesman for the military junta, amadou abdramane, made the annoucement of the closure of the country's airspace on televisi

i'm mariko oi.a us listing. the cambridge based chip—maker plans to make its american stock market debut in early september, selling its shares on the nasdaq exchange. here's michelle fleury.

hi there, welcome to asia business report, with me mariko oi.rican investments in china's high—tech sector. the long—awaited executive order targets industries like semiconductors and artificial intelligence. it is expected to come into effect next year. this is a new front of the tech well between two global superpowers. the restrictions prevent capital from some

welcome to asia business report with me, mariko oi.inese officials and business leaders in beijing and shanghai. secretary raimondo says that she intends to be practical. tensions have been high between the world's two biggest economies. eric erithung is the president of the chamber of commerce and he will meet secretary raimondo. he told

welcome to asia business report with me, mariko oi. rates. it is a one—year loan crime rate and it is now at a fresh record low of 3.a5% but it has decided to leave its five year rate unchanged at a.2%. in recent weeks we have had a slew of economic data which showed growth is slowing in the world's second biggest economy and on sunday the countries of central bank also urged banks to increase lending to companies to boost growth. daniel murray from private bank efgam told me what he makes of china's current economic challenges. it is certainly true that china's economy has reacted more with a windpipe rather than a bang post the covid reopening, and i think one of the challenges the chinese authorities face is in terms of getting into the right policy mix to really kickstart the economy, and when you look at the scale of this thing that is supplied from china in a post—covid environment it pales into insignificance relative to the scale of stimulus applied in other countries at similar stages of the economic cycles, so they are certai

i'm mariko oi.hares on the nasdaq exchange. here's michelle fleury. arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking

reporting live from singapore, i'm mariko oi.es, where the former president donald trump has appeared in court in washington and pleaded not guilty to four charges connected to his attempts to overturn the 2020 us presidential election. after travelling from his golf course in newjersey, mr trump was accompanied in court by his lawyers. he was asked to confirm his name and age and was read his rights before the four charges were read out. no tv cameras were allowed inside the courtroom, but a court sketch has been released. the former president didn't have to pose for a mugshot, but he did have his fingerprints taken. his court appearance took place just blocks