this is shanghai's famous skyline.r tourist destination, now plunged into two days of darkness. restrictions have been brought in to try and ease demand for electricity. translation: large cities consume a lot of electricity. _ translation: large cities consume a lot of electricity. power _ translation: large cities consume a lot of electricity. power generation - lot of electricity. power generation provinces — lot of electricity. power generation provinces like sichuan have been affected — provinces like sichuan have been affected by the pandemic, and power generation— affected by the pandemic, and power generation has been affected. the shanghai — generation has been affected. the shanghai government puts restrictions on consumption, and it will help— restrictions on consumption, and it will help ease the supply of electricity. in will help ease the supply of electricity-— will help ease the supply of electrici . . . , ., electricity. in a harsh reminder of the devastating _ electricity. in a harsh reminder of the d

this is shanghai's famous skyline.lunged into two days of darkness. restrictions have been brought in to try and ease demand for electricity. translation: large cities now consume a lot of electricity. - power generation provinces like sichuan have been affected by the pandemic, and power generation has been affected. the shanghai government puts restrictions on consumption, and it will help ease the supply of electricity. in a harsh reminder of the devastating effects of drought, local news reports show fire trucks delivering water to villages in the central hubei province as rural communities struggle to get by and crops have withered. plunging water levels of the yangtze river in china's southwestern region have revealed this trio of buddhist statues believed to be 600 years old. translation: in the past, | the water level was basically more than three metres during this season. i've been working for over a decade and i've never seen such low water levels. after weeks of extreme heat, china issued its first national

residents in a number of districts in shanghai have been undergoing covid testing recently. hub is racing to smother small outbreaks, once again raising concerns about the country's economic growth, and yet more disruptions to an already strained supply chain. 0ur asia business correspondent suranjana tewari has more. for this singapore furniture brand, it still sought revenue growth six times higher than pre— pandemic levels. it had stocked up on inventory going into the pandemic but the threat of more lot towns in shanghai is a concern. so are leaders in the region seeking other market options for the goods and manufacturing? taste goods and manufacturing? we tried to goods and manufacturing? - tried to set up facilities in vietnam and thailand as well, we just realised the reliability, quality, of certain lines and certain collections and different types of furniture, we just don't have that depth of experience and expertise yet in vietnam. it is scale too. china is known as the fact every of the world because it makes everything and plenty of at. castleberry has extensiv

this is shanghai's famous skyline.a popular tourist destination, now plunged into two days of darkness. restrictions have been brought in to try and ease demand for electricity. translation: large citiesl consume a lot of electricity. power generation provinces like sichuan have been affected by the pandemic, and power generation has been affected. the shanghai government puts restrictions on consumption, and it will help ease the supply of electricity. in a harsh reminder of the devastating effects of drought, local news reports show fire trucks delivering water to villages in the central hubei province as rural communities struggle to get by and crops have withered. plunging water levels of the yangtze river in china's southwestern region have revealed this trio of buddhist statues believed to be 600 years old. translation: in the past, | the water level was basically more than three metres during this season. i've been working for over a decade and i've never seen such low water levels. after weeks of extreme heat,

she i later will. ta ta elsa gather outside its premises, demanding parliament be dissolved and shanghai is waterfront goes. dog, southern china face is power cuts as a heat, waves scorches the region ah, up into the program, we became a malaysia where the top court is upheld a guilty verdict, and to jail sentence against former prime minister nat geo. brazzel. now gibb repealed a 2020 conviction for money laundering and corruption, and a 12 year prison term, prosecutors have said 4 and a half $1000000000.00 was stolen from the one m. d. b fund that he co funded or founded, the court charged energy for illegally receiving $10000000.00 from that fund. he's been on bail since 2018 pending that appeal. now james legal team spoke to the maid here shortly after tuesday's verdict. your part, the position of the federal court? would it was read, bard, you leonard, chief justice of course we are. but he said because we lost the appeal. i only see that we seek comfort and solace in the words of a great indian jewish who sit that the almighty a loaner can dispense perfect justice florence louise i

he says switching off shanghai lines shows just how serious the drought is. this would be like turning off the lights in times square in new york city. so while in absolute terms, the electricity use compared to all of the electricity consumed in fine is not large. it is very, very symbolic natur, i think, to illustrate just how serious the power situation is in china today. this is a problem that is not just facing china, but pretty much every part of the world. europe is facing the heat wave electricity issues that are similar us of course, also facing the heat wave. i think one thing to point out here is that the tolerance for the chinese people for inconvenience through outright hardship i think is unparalleled. so i think that there will be important tradeoffs in reaching the sustainability goals. in the short term, there may be other measures that impose inconvenience, perhaps even a degree of hardship as well. but i think that certainly the resilience is there and the commitment as well. i think by the chinese government to achieving these absolutely c

a regular meeting of defense ministers of the member states of the shanghai cooperation organization will be held, in addition to the heads of defense departments of member states of the organization, a belarusian delegation will also take part in the meeting. she will be presented minister of defense viktor khenin at the meeting, the parties will discuss measures to counter security cargoes to member states of the shanghai cooperation organization. today , import substitution is especially stubborn in our country, so the minsk vegetable factory produces tea drinks from its own herbs, a feature of the products is the environmental friendliness of vegetable raw materials. natural does not contain flavorings and preservatives grown in strict accordance with technological instructions, by the way, the entire process of caring for plants and their collection is manual labor on the production areas grow medicinal and spicy aromatic crops. these are melissa oregano, echinacea, rosehip mint, raspberry currant and thyme, lemongrass in total more than 25 species are also developing recipes he

under these conditions, the role of the shanghai cooperation organization as a new center of power isy growing. and a model of interstate relations based on equality and mutual respect as a guarantor of compliance with international law. therefore, it is important to strengthen cooperation in the military sphere and consult regularly in bilateral and multilateral formats on issues of common security. another topic for discussion, the upcoming meeting. arcande heads of state, presiding over the sco. this year. uzbekistan is preparing to host an international summit. where will the leaders of a dozen states gather next sco summit will be held already in september, on the territory specially built for this tourist complex, the day before it was solemnly opened in samarkand boris maksus dmitry dunaev lead, tashkent sport gives to the leading football clubs of the planet uefa can remove barcelona from participating in the champions league due to violations of financial fairp, we will find out all the details from ilya kazakov, he has been joining me for years, but here is how this rumor is

we will land in shanghai.h both take us to a quarantine hotel for a pcr tests, then we can finally go home. >> at home or on holiday, china lives under constant threat of fresh lockdown's personal numbers of cases, all in the name of a zero covid policy. anchor: law has taken effect in scotland, ensuring. g. . period products, as a new act comes into force. >> they are essential items and free access is now a legal right in scotland. the products bill passed unanimously by scottish parliament in november 2020, requiring local governments and educators to provide free menstrual products. scotland social justice minister says it comes into effect at a crucial time. >> for women and girls, this makes a huge difference, being able to pick up these products from a range of outlets, schools, colleges, universities, lots of different venues, to be able to make it as easy as possible. >> a free mobile app helps users find the nearest collection point. 10% of young women and the u.k. said they were unable to afford san

, the main topic of conversation with the president of uzbekistan was the upcoming summit of the shanghai cooperation organization, which will be held in mid-september in the plans of the head of the belarusian state, participation in this event development of the belarusian uzbek interaction alexander lukashenko and shavkat mirziyoyev. they spoke both in the context of bilateral cooperation and through the prism of interaction in integration structures, and the upcoming summit in uzbekistan was discussed during a telephone conversation between alexander lukashenko and vladimir putin on the sidelines of the shanghai organization , cooperation between the president of belarus and russia agreed to hold a meeting, however, the leaders did not only these plans, but also the schedule of further contacts. in general, and also was russian russian relations the most topical issues and the situation in the region and the world were held by the belarusian leader and telephone conversations with the first president of kazakhstan nursultan nazarbayev touched upon, he also had a telephone conversation

federation today tashkent will host a regular meeting of defense ministers of states members of the shanghai cooperation organization, in addition to the heads of defense departments of the member states of the organization, the meeting will also be attended by the belarusian delegation. she will be presented minister of defense viktor khrenny at a meeting to discuss measures to counter security threats by a state member of the shanghai cooperation organization. this morning in tashkent began with the laying of flowers by the defense ministers at the monument of dignity. ukraine celebrates independence day 31 years ago, the supreme council of the ukrainian ssr adopted a resolution decree on the declaration of independence on the holiday the people of ukraine congratulated the president of belarus alexander lukashenko the head of state expressed his conviction that today's contradiction will not be able to destroy the centuries-old foundation of sincere good neighborly relations between the peoples of the two countries in belarus in the future will continue to advocate for the preservation of

a telephone conversation between alexander lukashenko and vladimir putin on the sidelines of the shanghai cooperation organization of the president of belarus russia agreed to hold a meeting, the leaders discussed not only these plans, but also the schedule for further contacts in general, as well as belarusian russian relations most topical issues and the situation in the region and the world rules belarusian, leaders telephone conversation with the first president of kazakhstan nursultan nazarbayev touched on the belarusian kazakh relations and the international agenda, there was also a telephone conversation with the chairman of the federation council of the federal assembly of russia valentina matviyenko, and numerous messages of foreign leaders addressed to alexander lukashenko were also received these days without congratulations. in particular, from the president of the people's republic of china xi. jinping president of egypt delphi tahal sisi president of tajikistan emomali rahmon president of venezuela nicolas maduro president of kyrgyzstan soda gorozhaparov. and also the presid

this is shanghai's faus skyline.side area, a popular area, now plunged into two days of darkness. restrictions are being brought into to try to ease demand for electricity. >> large cities now consume a lot of electricity. power generation provinces have been affected by the pandemic. and power generation has been effective -- affected. the government puts restrictions on consumption, little help ease the supply of electricity. >> in a harsh reminder of the devastating effects of drought, local news reports show fire trucks delivering water to villages, as rural communities struggle to get by and crops have weathered. -- withered. plunging water levels in china's southwestern region have revealed this trio of buddhist statues believed to be 600 years old. >> in the past, the water level was basically more than three meters during this season. iave been working for over a decade and i've never seen such low water levels. >> after weeks of extreme heat, china issued its first national drought alert of the year last wee

this is shanghai's famous skyline.lunged into two days of darkness. restrictions have been brought in to try and ease demand for electricity. translation: large cities consume - a lot of electricity. power generation provinces like sichuan have been affected by the pandemic, and power generation has been affected. the shanghai government puts restrictions on consumption, and it will help ease the supply of electricity. in a harsh reminder of the devastating effects of drought, local news reports show fire trucks delivering water to villages in the central hubei province as rural communities struggle to get by and crops have withered. plunging water levels of the yangtze river in china's southwestern region have revealed this trio of buddhist statues believed to be 600 years old. translation: in the past, | the water level was basically more than three meters during this season. i've been working for over a decade and i've never seen such low water levels. after weeks of extreme heat, china issued its first national dro

shoigu said this in tashkent at a meeting with colleagues from the countries participating in the shanghaiperation organization, the head of the ministry of defense stressed that the operation is going according to plan. all its tasks will be fulfilled, he also noted that the supply of western weapons to kiev only prolongs the conflict and increases the number of victims with details from tashkent boris maksudov. victory park in tashkent is one of the largest modern museum complexes dedicated to the great patriotic war , a symbol of the fact that in uzbekistan they know how to remember and preserve the common past right here today. i began the working day of the defense ministers of the world 's largest powers, the minister. defense laid flowers to the monument to fortitude a monument dedicated to zulfiya zakirova, a resident of the republic who lost flowers at the front of her five sons to the foot of the monument, as a gratitude building, an appreciated feat of the uzbek people during the great patriotic war. ministers of defense departments of eight countries came to tashkent at once in

also, shanghai is waterfront, goes dark, and southern china face is pockets. as a heat wave scorch is the region and iraq's top court suspends work out to supporters of she i plead and looked other asada gather outside its premises, demanding parliament be dissolved. i'm going to get your oscar with the sport competitive football kick self in ukraine for the 1st time since the start of the war. and massena, his boss says the team has fighting series after winning their 1st matcher. the primary theses ah, welcome to the news our malaysia's top court is upheld a guilty verdict and jail sentence against the former prime minister naji bra. zach . the jeep appealed a 2020 conviction for money laundering and corruption, and a 12 year prison term. prosecutors have said 4 and a half $1000000000.00 was stolen from the one m d. b fund that he co founded. the court charge in a jeep for illegally receiving $10000000.00 from the fund that he's been on bail since 2018. pending that appeal, the jeeps legal team spoke to the media shortly after tuesdays verdict. you've heard

under these conditions, the role of the shanghai cooperation organization is steadily growing as a newcenter of power and a model of interstate relations based on equality and mutual respect, a guarantor of compliance with international law. therefore, it is important to strengthen cooperation in the military sphere to regularly consult bilateral and multilateral formats on issues of common security, according to russian defense minister sergei shoigu the position of the collective west led to the conflict in ukraine, the unwillingness to reckon with the interests of independent countries, including members of the sco, became one of the main reasons for the military special operation from kiev, which refused to comply with the minsk agreements, there was a real threat to the residents of donbass from the prospect and the russian federation. understanding this led to the need for a special military operation in ukraine it is going according to plan. all tasks will be completed. during the special operation, we strictly observe the norm humanitarian law, strikes are carried out with high

under these conditions , the role of the shanghai cooperation organization invariably grows as a newinterstate relations based on equality and mutual respect as a guarantor of compliance with international law. therefore, it is important to strengthen cooperation in the military sphere to regularly consult bilateral and multilateral formats on issues of common security, according to russian defense minister sergei shoigu the position of the collective west led to the conflict in ukraine, the unwillingness to reckon with the interests of independent countries, including members of the sco, became one of the main reasons for the military special operation from kiev, which refused to comply with the minsk agreements, there was a real threat to the residents of donbass from the prospect and the russian federation. understanding this led to the need for a special military operation in ukraine it is going according to plan. all tasks will be completed. during the special operation, we strictly observe the norm humanitarian law, strikes are carried out with high-precision weapons on the mil

todd outside a gather outside its premises, demanding parliament be dissolved and shanghai waterfront goes dark. southern china face is power cuts and reduced to working hours as the heat waves scorches to region. ah, welcome to the program. we begin in malaysia, where the top court has upheld a guilty verdict and jail sentence against former prime minister and nadia. but read zach. that jib appealed a 2020 conviction for money laundering and corruption and a 12 year prison term. prosecutors had said a 4 and a half a $1000000000.00 was stolen from the one m d b fund, which he co founded. the court charged and nat geo, before illegally receiving $10000000.00 from that fund. he's been on bell since 2018, pending that appeal for more on the story. let's bring in florence louis. he joins us live now from cologne. poor. hello, there florence. what happened at court today while have been a day of high drama court. the hearing was originally shed you to go until the end of the week. now instead, we heard not deploy an attempt to fall, it will fall an application, asking the chief justice to

thank you very much. shanghai is famous waterfront has gone dark in response to a heat wave and drive that's causing major power shortages, light selling the riverside, and parts of the financial district to be turned off for 2 days. city officials have been criticized for the spectacular displays. some parts of the province experience power cuts, china's largest fresh water lake, the pointing has shrunk by an estimated 75 percent. during the drought and levels are still falling. low water levels mean less hydro electric power. many major manufacturers are having to curve production and shopping centers in one region of renada to cut opening times to just 5 hours. he'd waive and drove, also called wild fires, is patrick falk. reports from beijing were report, say around 1500 people had to be evacuated to safe places because of multiple bush fires across the mountainous regions of chunk. ching, there's been lots of social media video circulating, showing huge flames ripping through large waves of land and authority. save a thousands of rescuers and helicopters were sentenced to fight t

saic, carmaker, and tesla asking the shanghai government to ask the szechuan government to make sure the auto parts manufacturers have power. they would like to prioritize that and saying we will run out of parts. that is a legitimate imperfect -- impact. you have miners in chile having to build desalinization plants, take the salt out of the water. that is 50 times more expensive than water they would pay for in the traditional fashion, having the pump for cell phone utility. it is more expensive raising the price of copper. andrew: there are a lot of report about water scarcity in the united states. is it really so bad? al: i like to frame things we have learned, this is regional. the southwest is in tremendous drought. lake mead which is the reservoir formed by the hoover dam, water level is 50 feet below where it was five years ago, finding boats that sank, finding mobsters that were placed there long ago, that will create, that create szechuan like issues, constrains growth, they need water for people's homes. and hasn't manifested itself in plain closure like china has experien

address by the secretary general of the shanghai cooperation organization jan minare dear participantsgentlemen. i would sincerely to thank mr. shoiguz, mr. defense of the russian federation, for the invitation to take part in this event. the annual moscow conference on international security was first organized in 2012. it is aimed at deepening cooperation between ministries of defense, as well as international organizations in order to explore ways and means of local counteraction to a joint challenge and threat over the past 10 years of the moscow conference has become a successful platform for an open dialogue between the defense departments of relevant organizations and military experts has made an important contribution to the fight against terrorism, the settlement of regional conflicts to ensure national security and the implementation of peacekeeping missions want. 10th moscow conference on international security success of a and the participants of the platform work of colleagues against the backdrop of increasing factors of instability and uncertainty, there is a danger of a

but my friends from shanghai got here, it was the day after they got here, it was the day after theyou they don't tell us what's really going on. they don't tell us what's really auoin on. ~ �* . going on. we're hearing the government _ going on. we're hearing the government is _ going on. we're hearing the government is trying - going on. we're hearing the government is trying to i going on. we're hearing the i government is trying to broker going on. we're hearing the - government is trying to broker some sort of deal. it's one thing to be stuck in paradise, it's another to pay for it. have they given you in the indication of help with travel costs? , ., �* ~' the indication of help with travel costs? , ., �* ,, ,., the indication of help with travel costs? , ., �* ,, costs? listen, i don't think so. so, the said costs? listen, i don't think so. so, they said my _ costs? listen, i don't think so. so, they said my flight _ costs? listen, i don't think so. so, they said my flight was _ costs? listen, i don't think so. so, they said my flight was cancelled, | they said my flight was c

shanghai is down 1.9%.g kong down 1.2 europe is only down about 1/2 of 1% having been flat most morning. >>> "worldwide exchange," rymak and his company. with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪♪ hey dad, i'm almost out. i got you. any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too? maybe [door bell] here you go, sir. you're a lifesaver. have a nice day. healthier is managing all your family's prescriptions in one app. cvs pharmacy. healthier happens together >>> welcome back the man known as europe's elon musk mapping out plans for his ev company having locked in major deals with high end automakers 34-year-old company is looking to break into an even more lucrative space. robert frank joins us with a closer look at that particular individual and company. >> repor

china has this said to be its biggest producing factory in jane hi. -- shanghai.ld there be sanctions against not just u.s. government officials but the u.s. company. you have nervous markets and nervous and best. >> all right managing editor with us in sydney. taiwan foreign ministry commenting on china in terms of what we have seen in terms of reaction to nancy pelosi's a trip to taiwan and the foreign ministry is saying that china provocative acts actually challenge the national order. they are commenting on china briefing. saying that china had -- china has messed with the status quo. they said they actually warned airlines to avoid areas near taiwan where they are conducting military exercises so we are getting the reaction from taiwan that says they are sabotaging the status quo in the taiwan state. >> absolutely. that is what is grabbing people's attention. waiting for nancy pelosi to start out this news conference in taipei. let's get to your business flash news. luber surging the most in 2020. customers kept handling rides in ordering takeout food all in

shanghai and shenzhen close in the green on the back of the hopes there there will be stimulus and more stimulus to help backstop the markets and economy in general the loan prime rate, five-year rate was cut back a bit because of the -- the prime rate which is usually used to set loans in china the property sector is another issue boycotting payments because they are not getting the deliveries of apartments on time and hoping for more stimulus to help soothe the issues and structure issues in the particular sector so far, we have seen stimulus markets in china this monday, but the question moving forward is will there be more in the weeks ahead. brian, back to you >> that is the big question and the answer will be in the weeks ahead. jp, thank you very much. now to london and julianna tatelbaum with the markets and key headlines. julianna, i watched the show as i prepared you are talking big time about the european gas and energy disaster i hate to use that word, but it is an absolutely appropriate term >> it does feel like an appropriate term, brian. if you look at potential black you

. >> reporter: david fishman is an energy expert in shanghai. talk to me about how frequency of droughts is changing in china. >> we see these events not happening once every 60 years anymore. maybe once every 15 years, maybe once every 10 years. >> reporter: shocks are rippling from countryside to coast. the heat is scorching my sweet potatoes to death, says this farmer, and many factories have been shutting down from a lack of hydro power. volkswagen, toyota, and fox con, which makes parts for apple, have shortened or ceased production. government officials are doing what they can from seeding the clouds to force rain down, to releasing water from the world's biggest dam, the three gorgeos, and to switching off the lights in shanghai to save power. but it will not be enough. china's heat wave and drought are forecast to continue through the end of this month. with their frequency only surging in the future. ramy inocencio, cbs news, london. >>> straight ahead on the cbs weekend news, how thousands of teenage girls are defying the taliban's sch

we are also closely following the process of iran's accession to the shanghai cooperation organizationdecision in principle was adopted on this score in samarkand next month. at the sco summit, a memorandum will be signed on the obligations of the iranians in accordance with the decisions available in the shanghai organization. this will be, uh, practical and very important, a decisive step towards full membership in the organization we exchanged opinions on the military-political humanitarian situation in syria highly appreciated the results of the summit of the astana trio held in tehran on july 19, and this effective mechanism, while maintaining its key role for syrian regulation. we agreed today to continue to actively use it to ensure close coordination in order to ensure sustainable peace and stability. in force, and in order to address the humanitarian problems that persist in this country due to illegitimate unprecedented western sanctions that undermine the decision of the council security has traditionally drilled watches under other topical regional topics. this, of course,

the ministers of internal affairs affairs and public security, the countries participating in the shanghairganization, the united states and europe , send large quantities of weapons to kiev and, apparently, the consequences of these deliveries do not bother them at all. western countries today directly condone extremism. in particular, neo-nazism, pumping the ukrainian right radicals with weapons. they irresponsibly create conditions for the influx of terrorists and extremists of all stripes into ukraine , as well as the resale of western weapons by ukrainian national radicals on the black markets. we call on our partners in the shanghai cooperation organization to counterbalance such a narrowly utilitarian approach of the west to promote systemic work, namely to counter the spread of propaganda of all types of extremist ideology, without exception, that feeds terrorism, including in the information space , we note that within the framework of the sco, it is possible to develop balanced approaches. katya extremist issues, given the national experience and legislation of our state. to the

you see all of the indices trading in the red shanghai down 2.3% hang seng and hong kong down 4 percent. the likes of some of the chip makers in taiwan getting impacted nikkei in japan down 1.4 the spot of green is on the australian index we have the rva hike 50 basis points yesterday as for european markets, the picture is negative as well. we have the cac in france down .50%. germany down .60%. are you keeping a close eye with the gas situation? gas prices continue to move higher it clearly has an effect for the german economy the second spot of green is the british index uk up .10% you have really strong results out of the oil and gas companies today with bp. you can see the stock up 3.7%. a quarterly profit which surged the highest level in almost 14 years at 8.5 billion pounds. the british energy giant comes on the back of the strong refinery margins and trading which is spurred by higher prices they are hiking dividends and paying of share buyback program. all of this is the reason the ftse 100 is trading at the top of the index dom, you tend to keep a close eye on what is happeni

the ev maker ceo tweeting congrats giga shanghai on making the 1 millionth car. >>> a group of u.s. lawmakers arrived in taiwan yesterday for the two-day trip it is led by senator ed markey the trip follows house speaker nancy pelosi's visit earlier this month it comes as military tensions with the island and china remain high >>> back on wall street. earnings season coming to say cl a close. more than 90% of s&p companies reported so far and of those names, about 78% have topped profit expectation reports overall s&p earnings are on pace to have grown by 9.7% year over year with much of that coming from the energy sector. >> energy. something we talk about a lot. pippa, thank you >>> now let's get back to the markets and your money and growing hope that stocks really did hit a bottom a couple of weeks ago. on friday, the s&p 500 closed at 4,280. the index recovered or retraced more than half of the drop from the highs. why does that matter it may not check this out in a note earlier this month, btig points out that since 1950, there has never been a bear market rally that had a 50%

shanghai hotels up by 7/10 of 1%.e back of hong kong cutting the hotel quarantine to three days from seven. the new measures will be effective from friday and movement restricted at home or in a hotel. we have a risk off sentiment across asset classes, the focus is on the bond market. 10 year yields up 13 basis points on friday. keep it with us. this is bloomberg. ♪ haslinda: it is almost 11:00 a.m. in singapore and shanghai. welcome to bloomberg markets: asia. rishaad: just gone for :00 a.m. in london. let's look at our top stories. asian stocks dipping, caution raining over equities. the dollar on the way up on fears of more aggressive federal reserve hikes to fight inflation. goldman sachs getting a short-term forecast for oil but saying the case for higher prices remains. hong kong reducing quarantine for inbound travel. the government's biggest steps so far to reduce covid curbs. markets seemingly unimpressed. haslinda: hey decline for the day in -- a decline for the day in asia. you are right, markets unimpresse

shanghai is switching off its famous waterfront lights, many factories have been ordered to close, andre restricting their normal opening hours. now on bbc news, it's hardtalk with stephen sackur. welcome to hardtalk. i'm stephen sackur. london prides itself on being a culture capital, this city buzzes with creativity. now, artistic trends come and go, of course, but my guest today has retained his status as the godfather of pop art for some six decades. sir peter blake came to fame in the 1960s. he is still painting today. so, what keeps his creativity alive? sir peter blake, welcome to hardtalk. thank you. are you still creating, painting, doing the collage every day? do you still get that urge? i do. i get quite a lot of pain at the moment. i've got a sore neck which sometimes begins to hurt and i have to stop. but i work every day. i haven't worked today yet, but i looked at what i'm working on. let me take you right back. yeah. because i'm always interested with artists to figure out what impelled them to create. you had a tough childhood in some ways. you were a war child. yeah.

just $30 a line. >> 11:29 in shanghai. off to lunch.n essence a day where there is a downgrading of growth estimates. they are taking another hit there as well. knowing your is what we are seeing regionally speaking. we have banks coming out with this. they may well have what it is happening in the property market. there we go. that is shanghai and shenzhen going off their 1.5 hour lunch break. place the pmi is likely to show the hits from all directions there. the nikkei 225 is back from lunch. asian stocks are down at the lowest level in about two years. the s&p swapped in jacksonville on friday. take a look at where we are in terms of premises. they are getting smacked, that strong dollar play out in asian hours. we are looking at this at 1:40. the one inching ever closer to that key psychological level. for a wire, we are joined by our m1 strategist. let's start with you. this comes to getting hit front and center. >> absolutely. the dilettante rose very quickly from 690. that is an important psychological level on the way to seven.

perhaps this is because erdogan received an invitation from putin to the shanghai summit of the shanghaiation organization. it is about such countries as india, kazakhstan, the chinese, kyrgyzstan, pakistan, russia, tajikistan and uzbekistan and likewise, turkey can play an active role in solving the energy crisis by transporting lg lng to european countries through its territory can it be created thanks to turkey and in its interests, as we understand the energy corridor by analogy with the grain corridor, and will it actually be about the transportation of russian energy carriers, or is it about the countries that i just mentioned that are part of this organization, look, i think what did you mean here, probably more about the transit of russian energy carriers through the so-called blue flow of the dniester, which has been operating since the 90s, and through the turkish flow, two lines of which have been operating since 2000 in 2018, in addition, turkey has the opportunity to increase the throughput capacity of e-e gas supply from azerbaijan through the oil pipeline, a gas pipeline t

but when my friends from shanghai got here, it was the day after they got here, it was lockdown. know what's going on. we've seen some people standing in line, but you don't really know because you they don't tell us what's really going on. we're hearing the government is trying to broker some sort of deal. it's one thing to be stuck in paradise, it's another to pay for it. so, have they given you any indication of help with travel costs? listen, i don't think so. so, they said my flight was cancelled, and then they rebooked it, but they cancelled it again. i didn't even get the whole amount back. they only gave me not even half back already, so i don't know what's going to happen. the flights now are quite high because normally, it's like $200 to get out here, but now its five or or 600 to get back home — if we can get back home. the closing ceremony for the commonwealth games has taken place in birmingham, bringing to an end 11 days of sporting competition. an audience of 30,000 people watched the event live. british reggae band ub40, ozzy osbourne, goldie and singer beverley k

shanghai is switching off its famous waterfront lights, many factories have been ordered to close, andre restricting their normal opening hours. now on bbc news... on this week's travel show lucy hedges heads for the big outdoors as the usa celebrates the 150th birthday of yellowstone national park. on herjourney she encounters grizzly bears, wolves and bison as yellowstone looks for new ways to work in conjunction with native american tribes. this week, i'm taking a journey across yellowstone national park as it celebrates its 150th anniversary. oh, my god, this isjust spectacular! i'll meet the people using this milestone to address the park's complex history by returning america's largest land mammal back to native american tribes in a historic partnership. the ecological importance of restoring the animal to the landscape heals the land. by integrating this animal back into our diet, it heals us. a pioneer in animal conservation, i'll attempt to track down the park's elusive wolves that were reintroduced in one of the most successful rewilding initiatives of all time. it doesn't ha

so china has been trying to , shift what the united states meant in the shanghai communique.n fact, been trying to shift the status quo for many years, and there is always going to be pushback. in the united states, public opinion is strongly supportive of taiwan's ability to determine its own future. many of your top officials in taiwan were educated within the united states, and it is very important to us not to let a democracy which has been a good friend of the united succumbed to the treatment that beijing has meted out in xinjiang and in hong kong. kim: ok. i would like to cross over to you, henry huiyao wang. do you have any response to what you just heard there? guest: i think that in the communique, they were saying that people across the taiwan strait all recognize that they are chinese. that there is one china. also we have the '92 consensus . there was even a meeting between president xi and the taiwanese leader than so definitely a , little before the before the chinese took over, millions of mainland chinese toward taiwan. and also, people in those places share

now go to nelson. wong, vice chairman on the shanghai center for the rim of the pacific exercise and international studies. man, thanks for joining us on the program. so what's your assessment of the survey results, mr. wong? and how would you explain these numbers? well, it actually show you the change in public opinions and the people's confidence in the current regime in taiwan. and this is very indicate, particularly at a time where nancy ferocious visit to taiwan was just 2 weeks away from now. so it actually gives us a good example of how an incident can affect the polls of history. maybe this is a bit exaggerating, but public opinions a do. and i will say something they do prove something. so the taiwan regime, it's a wake up call as well, about what they should do, what they are not supposed to do when it comes to protecting the people's welfare, to secure regional peace and security. so it's not something that you can do at ease, because when you are impala, your acts and actions do matter. and they, every step you take will have consequences. so this is a good example. yeah

and the shanghai co operation organization is writing about how these anti rush and sanctions are re invigorating middle east asia trade relations. it's a new day on the global markets and the united states isn't able to force hands the way it wants did. that's becoming more and more clear each day. caleb martin, archie new york, ah. several wall street banks have been considering returning to trading russian bonds for those who want to sell their assets. having reportedly received not from washington despite the u. s. sanctions on the market. lomberg has reported that j. p. morgan and bank of america are among the banks offering the move. the u. s. treasury department has said it would not be a violation of un sanctions for individuals to wind down their positions. bank of america has sent a note to investors saying the trades would be for those seeking to dispose of their russian holdings. the u. s. ramped up it sanctions against moscow. after russia began its military campaign in ukraine and february, with many western banks withdrawing from russia and deals in the nation's assets