our asia business correspondent, nick marsh, has the details.t 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 houses and not enough people wanting to buy them. it means prices are plummeting. that is basically the biggest reason why we haven't seen the post—pandemic spending boom that so many had predicted in china. chinese would splash their savings, consume like crazy, go to parties, and come back, and that hasn't happened. everybody is well aware that their financial wealth is concentrated in housing, it's being hammered. some economists are worried on a deeper level. for the past few decades china's

nick marsh, bbc news, singapore.ise bike company peloton have slumped by as much as a quarter to a new low ofjus over $5 after it missed profit expectations. the company has been battling a drop in subscribers as workers returned to the office following the end of lockdown restrictions. during the height of the covid pandemic shares in peloton traded above $170. the australian airline qantas has posted a record profit this year reiterating its forecast to have international flights back to pre covid flights back to pre—covid levels by the middle half of next year. as part of its quarterly results the company said it would also be ordering 24 wide body aircraft. the airline though has been critcised over cancelled flights, lost luggage, long call centre delays and difficutly claiming refunds. i don't think that they are alone in that. the european commission has adopted a new set of right to repair rules that, among other things, will add electronic devices like smartphones and tablets to a list of goods that must be

nick marsh, bbc news, singapore.t a reminder of our top story. president biden has declared a major disaster in hawaii, where wildfires on the island of maui have killed at least 36 people. a lot more on this story and all the other stories on the website. in fact, we do have a live page on this wildfire story in hawaii, so do check that out for the latest updates there, but for now thanks for watching newsday. good morning. we finally got there. on thursday, we had some much awaited summer sunshine and warmth. fairly widespread across the country, but temperatures peaked just over 28 degrees. however, there was quite a lot of cloud around, and in northern ireland by the end of the afternoon, some threatening—looking skies. and that's because this frontal system moving in and is bringing some rain as we speak. that is moving its way steadily north and east, some heavy bursts of rumble of thunder mixed in there as it pushes its way across scotland. the trailing tail of that frontal system, just a band of cloud, the od

nick marsh spent some time watching singapore's next generation to find out why.e — you name it, people here love it. but the football teams in this part of the world, the men's football teams in this part of the world, rather, are not so successful. and that's putting it mildly. the last time a country from south east asia qualified for the world cup was indonesia nearly 100 years ago. in fact, the idea of the likes of vietnam or the philippines, even china, qualifying for the men's tournament, well, that's pretty far—fetched. and yet, here they are representing themselves admirably at this year's world cup in australia and new zealand. now, just take a look at this. every single women's team here is ranked higher than its male counterpart. sometimes the difference is stark. look at vietnam, for example. so why is this? well, the first reason has to do with the neglect of the women's game in general. so, for literally decades, europe and south america — powerhouses of the men's game — hardly invested in women's football at all, so the difference between money and

nick marsh, bbc news, singapore.go. new evidence was published in the journal science, and it suggests that the continent was unpopulated for 200,000 years after that until humans adapted to cope with the colder conditions. our science correspondent, pallab ghosh, explains. british researchers scoured the shores of north norfolk for the fossilised remains of the very first humans to have lived in britain. it's long been held that they came to europe from africa and never left. but a secret found at the bottom of the sea suggests that they were all wiped out. this strip of mud from the ocean floor has changed the human story in europe. analysis in a lab in barcelona of the chemicals inside it shows that temperatures plummeted more than a million years ago. that would have meant, for the humans, not only that they would have trouble to find resources — for example, food — but also that the extreme conditions have led to the depopulation of this early humans from europe. researchers found that there was no evidence for

nick marsh, bbc news, singapore.s it bad for our health and making us gain weight? analysis of 35,000 workers across wendy six countries from compass group global eating at work survey found that hybrid workers eat less healthily and work longer hours when they work from home. live to ryan homes, the culinary director of compass group. good to see you. is it making us all a little chubby? what we found is that employees around the world recognise the productivity and well—being benefits of maintaining a healthy diet during the working week but those who work from home find it harder to maintain a healthy diet during the working week. not only do they snack more, they indulge ensuite treats more than office—based workers. they've also reported that longer hours working from home. interestingly, hybrid workers and younger generations overwhelmingly said they did not go to the workplace. they made more of an effort to eat healthier and that represents a big opportunity for employers looking to encourage more people back

nick marsh with more. you may never have heard of gallium or germanium untiljust now, maybe, but they are important elements, so—called critical materials, and they are needed for chips in things like mobile phones, leds, satellites, military equipment as well, and the reason that they have been in the news is because most of it comes from china. 60% of the world's germanium and 80% of the world's gallium and from today, will be much more difficult to get our hands on it. let's look at what this materials move means for the rest of the world. the consensus is that will be damaging not fatal for the united states. the reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. you don'tjust dig them up from the ground, they are derived from a more complicated reduction process and china has that capability. so governments and businesses will have to rely on cheaper substitutes and alternative sour

nick marsh, bbc news, singapore. the plane maker boeing has identified new problems that may delay deliveries of the 737 max aircraft this year. the company said one of the bulkheads from the supplier has improbably drilled holes but do not expect an impact on the safety of flights. that's all we have for you on asia business report. i am monica miller. thanks for watching. voice-over: bbc news, - bringing you different stories from across the uk. with these, these, and these, there are more options than ever to peddle around the capital. london's original bike hire scheme was launched by former mayor borisjohnson in 2010 but the numbers using so—called boris bikes are not what they were. figures suggestjourneys made between january and july were down by a third on the same period last year. and are at their lowest for a decade. some believe it is the price. last september, tfl changed the annual subscription and fee for single journeys. i would usually have four journeys for the cost of £2.50 a journey. i want to hi

nick marsh in singapore has the story.ust mentioned there, described it as a new front in this economic war between the us and china. i think that's a pretty good way of describing it, really. it should be stressed, though, that the white house hasn't confirmed anything yet. the chinese haven't said anything on the matter either. but if these restrictions do materialise, they're going to be a kind of new turning of the screw in terms of how far the us is prepared to go in its competition with china, if you're going to use the language of the biden administration. in terms of what these new restrictions are, basically, they'd ban private equity, venture capitalfirms, financial firms from investing in high tech sectors like quantum computing, ai, semiconductors. of course, they'd also require american firms who are making investments in other chinese industries to disclose that to the us government. so basically, it's about keeping a handle on the flow of american dollars into china and really trying to curb that. now, you s

nick marsh, bbc news. and that is it for this edition of asia business report. i am monica miller. the uk. with these, these and these, there are more options than ever to pedal around the capital. london's original bike hire scheme was launched by former mayor borisjohnson in 2010, but the numbers using so called "boris bikes" are not what they were. figures suggestjourneys made between january and july were down by a third on the same period last year and are at their lowest for a decade. and some believe it's the price. last september, tfl changed the annual subscription and the fee for single journeys. i would usually have fourjourneys for the cost of £2.50 per a journey. i went to hire a bike and found it was 1.65 perjourney. others point to the rise of rival hire bikes. reducing usage of the santander scheme is the competition from all the doctors hire bikes. there are now four main doctors hire among these riders, though ease and comfort is key. i actually don't have my own bike any more because it got stolen so many times. those bikes are heavy. in response, tfl said it's w

nick marsh has the details from our asia business hub in sinapore. it seems every time this data comes out, it's never really good reading. i mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. it's the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. why is this data so bad? well, it's mainly to do with china's customers abroad. they're really struggling with high inflation, high interest rates. so they're spending less money on chinese goods. and if you're a policymaker in beijing, well, it's difficult to say what you should do about that. you can'tjust force other countries to start buying more of your goods. but there's also more to contend with. if you look at the spending within china, that's also looking not very encouraging at the moment. tomorrow, we're expecting some more figures to be coming out, which will probably show deflation prices actually going down in china. that's a bit more difficult to explain. but there are some peopl

our asia business correspondent nick marsh has the details.w, maybe, but they're important elements, so—called critical materials, and they're needed for chips in things like mobile phones, leds, satellites, military equipment as well. and the reason that they've been in the news is because most of it comes from china — 60% of the world's germanium and 80% of the world's gallium. and from today, it's going to be much harder for businesses to get their hands on them. so let's take a look at what impact these restrictions are going to have and more broadly, what this us—china materials war means for the rest of the world. the consensus is that this will be damaging but not fatal for the united states. the reason china dominates the market isn't because it's the only place where gallium and germanium exist, but because it's by far the cheapest place you can get them from. you don'tjust dig them up from the ground. they're derived from a more complicated production process. and china has that capability. so, governments and businesses will have to

our asia business correspondent nick marsh has been taking a look.something the clearly very are very excited about, it's great news for baidu. of course they had a rocky road of light along with the rest of the chinese tech scene but now they have been able to get ahead of their big rivals like ali baba. so this is a big milestone when it comes to china's engagement with al, its investment in the technology. notwithstanding the fact that this chatterbox is not available outside china, so i haven't been able to access it for example, see how it matches up with things like chatgpt which in itself is banned in china. but in any case it shows that china is taking ai seriously, is trying to keep up with this global revolution that we've seen of late. businesses now the huge economic potential it has, the authorities of course know the potential it has, especially at a time when the chinese economy is going through summary problems. but it's not going to be a complete free for all, it's not going to be a complete free forall, it's it's not going to be a c

nick marsh has more. well, this is a ban that we thought might come in, now it has been confirmed. executive carljapan�*s decision to release this nuclear waste water unilateral, he said it was irresponsible, something he objected too strongly. let's just put this into a bit of context, because this isn't a small ban. hong kong imports $140 million worth of japanese seafood every year, in fact, the city is the world's second largest importer of japanese food generally, after mainland china. and it is a band that is going to apply to ten japanese prefectures, notjust fukushima, tokyo is on that list as well. restaurants have even been preparing for the sort of eventuality, looking for alternative suppliers. but japan has maintained, and always maintains, that whatever comes out of the sea is safe to eat. the un international atomic energy agency says that it is safe. that the radioactive material in the water is being directed so much that it is not harmful. but you have lots of environmental campaigners who don't agree, china doesn't agree, and therefore, i suppose, hong kong doesn

the bbc�*s asia business correspondent nick marsh joined the lunchtime rush in singapore. but this is a far cry from evenjust a rush—hour, but this is a far cry from even just a year ago. rush—hour, but this is a far cry from evenjust a year ago. it is rush-hour, but this is a far cry from even just a year ago. from even 'ust a year ago. it is a lot busier. — from even just a year ago. it is a lot busier. they _ from even just a year ago. it is a lot busier. they come _ from even just a year ago. it is a lot busier. they come round - from even just a year ago. it is a lot busier. they come round and j from even just a year ago. it is a - lot busier. they come round and the lines are really long. it lot busier. they come round and the lines are really long.— lines are really long. it has changed — lines are really long. it has changed completely. - lines are really long. it hasl changed completely. during lines are really long. it has - changed completely. during the pandemic, it used to be like a ghost town and _ pandemic, it used to be like a ghost town and nobody used to

nick marsh with more. maybe, but they are important elements, so—called critical materials, and they are needed for chips in things like mobile phones, leds, satellites, military equipment as well, and the reason that they have been in the news is because most of it comes from china. 60% of the world's germanium and 80% of the world's gallium and from today, it will be much more difficult much more difficult for businesses to get their hands on it.

nick marsh has the details. it practically rolls off the tongue by now.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

struggling to gain traction after lifting strict covid—i9 restrictions. 0ur asia business correspondent, nick marshsis. 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

nick marsh has the details from our asia business hub in sinapore. it china, isn't it, as it comes to its economy?— its economy? it seems every time this — its economy? it seems every time this data _ its economy? it seems every time this data comes - its economy? it seems every time this data comes out, i its economy? it seems every| time this data comes out, it's never real good reading. these figures for trade are actually even worse than economists had anticipated in terms of exports it's the weakest data since backin it's the weakest data since back in february 2020 when china, of course, was right in the thick of the pandemic. why is this data so bad? well it's mainly to do with china's customers abroad. they're really struggling with high inflation, high interest rates so they're spending less money on chinese goods. if you're a policy—maker in beijing, well, it's difficult to say what you should do about. that you can't just force other countries to start buying more of your goods. but there's also more to contend with. if you look at the spen

nick marsh with more.chips in things like mobile phones, leds, satellites, military equipment as well, and the reason that they have been in the news is because most of it comes from china. 60% of the world's germanium and 80% of the world's gallium and from today, will be much more difficult to get our hands on it.

nick marsh is in our asia business hub in singapore for us. what more can you tell us? tell us? that report described _ what more can you tell us? that report described as _ what more can you tell us? that report described as a _ what more can you tell us? twat report described as a new front in this economic war tween the us and china. i think that is a pretty good way of describing it, really. should we stress that the white house hasn't confirmed anything yet, the chinese haven't said anything on the matter either. but if these restrictions do materialise, they will be a kind of new turning of the screw in terms of how far the us is prepared to go in its competition with china if you are going to use the language of the biden administration. in terms of what these new restrictions are, basically they ban private equity, venture capital firms, financial firms from investing in high—tech sectors like quantum computing, ai, semiconductors of course. it requires american firms who are making investments in other chinese industries to disclose to the us government. it is

live now to our asia business correspondent nick marsh in singapore. restrictions might have. we are talking about gallium and germanium. as you mention there. you will be forgiven for not knowing an awful lot about them until today. basically, they are really important elements, so call critical materials in the they are used to make microchips, leds, satellites, and other things, microchips, leds, satellites, and otherthings, most microchips, leds, satellites, and other things, most of it comes from china. 60% of the world germanium supply comes from china. 80% of the world gallium supply comes from china. today, after the restrictions put in place, governments and businesses around the world will find it harder to get their hands on it and, as you quite rightly say, it's basically a retaliation to what the united states has been doing in terms of access to semiconductor technology. china has said, look, if you will not let us get our hands on your american semi doctor can technology, to complete that game. in terms of impact, it will be damaging to

nick marsh has the details from our asia business hub in sinapore.e