and here in singapore we are drifting into an f1 weekend. we'll look at the economics behind the race. hello and welcome to business today. i'm steve lai. why make entering a new phase of economic recovery in the speech promoting his policies to bring down inflation. let us be clear. _ to bring down inflation. let us be clear, lowering _ to bring down inflation. let us be clear, lowering interest - be clear, lowering interest rates is a declaration of victory in the declaration of progress. entering a new phase of our economy and our recovery. i believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate or economic outlook since the pandemic began. investors have cheered the cut, the dowjones industrial the dow jones industrial average the dowjones industrial average 500 rising to a new all—time high. more from new york. record high, a day after the federal reserve kicked off its easing cycle. the 500 euros i.7% easing cycle. the 500

university of singapore. 0ne that he made at the national university of singapore.h on while he was here was that of social cohesion, he wanted to talk about interfaith dialogue, these are themes that singapore also likes to press home to its citizens. singapore is an incredibly multireligious, multiethnic, multi—language society, a plural society, one that welcomes all religions to practice peacefully. catholics make up about 7% of singapore's ablation, just under 400,000 people are catholic in singapore and this stadium holds around 50,000. these tickets were incredibly hard to get and we had to ballot for them so there are a lot of people who would have been disappointed and they are having what policies or around singapore to take on a site that we are all seeing right now. —— they are having watched parties. taking the time to shake their hands and send a message of the youth in singapore. you can hear the choir is behind all this. this is a live choir that you are hearing, 1600 strong in full voice as pope francis makes his way around the national stadium. way

we moved to singapore because - singapore? we moved to singapore because it - singapore?gapore because it is l singapore? we moved to i singapore because it is also singapore? we moved to - singapore because it is also a strong regional hub and we have to be able to operate freely and, so, we have put an emphasis on singapore to strengthen here. but that is something that's been happening over the past few years, and as the region reconfigures, we want to make sure that we reflect how the region operates, and so that's how we rebalanced. you know a lot of other news organisations have distributed the journalists around hong kong and away from china. i around hong kong and away from china. ., ., ., china. i want to move the conversation _ china. i want to move the conversation onto - china. i want to move the conversation onto ai, - china. i want to move the conversation onto ai, but| china. i want to move the i conversation onto ai, but on the topic of hong kong, there was a hong kong journalists, reporter of yours, that was elected to be the head of the hk journalists as

and here in singapore we are drifting into an f1 weekend. we'll look at the economics behind the race. hello and welcome to business today. i'm steve lai. the fed delivered its first rate cut in more than four years on wednesday and trimmed the key lending rate by zero .5 percentage points and joe biden says the worlds largest economy has entered a new phase of recovery. in a wide—ranging speech promoting his policies to bring down inflation. let us be clear, lowering interest rates is a declaration of victory in the declaration of progress. a signal we are entering a new phase of our economy and our recovery. i believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. investors have cheered the cut, the dowjones industrial the neck i added 1.5% in us dot markets. and the s&p 500 rose to all high times. bbc�*s samira hussain has more from new york.0ur the s&p 500 road i.7%, the s&p 500

singapore resides in the world of terms of being a business up and then the night race aspect of singaporeuge footprint and live audience and there is no question this has become established as one of the must see grand prix is for those in the region. it see grand prix is for those in the region-— the region. it is a win-win as the region. it is a win-win as the f1 benefits _ the region. it is a win-win as the f1 benefits from - the region. it is a win-win as the f1 benefits from having l the region. it is a win-win as the f1 benefits from having a the fi benefits from having a unique race. yes with the singapore grand prix, it's certainly an interest because japan is such a measure because you can measure the tourist benefit, the tourist dollar in the hospitality and 5—star hotels and that is the kind of set of figures that you can look at and much larger one that is the benefit of singapore literally using headlines and sports news headlines around the world, promoting it as a destination that is a brand, if you like and there a huge impact there because it's highly talked about race an

lives there in singapore. | that. lives there in singapore.ter the un agency for palestinian refugees said six of its staff were killed yesterday in an israeli air strike on a school it runs in a refugee camp in central gaza. the hamas—run government media office said at least 18 people were killed. israel�*s military said it had conducted a precise air strike on terrorists operating in the camp. live tojerusalem and our correspondent daniel de simone. very straight talking in his comments.— very straight talking in his comments. , , comments. yes, he is. he said what happened _ comments. yes, he is. he said what happened is _ comments. yes, he is. he said what happened is totally - what happened is totally unacceptable. the head of the un... which deals with palestinian refugees, has said this brings at least 220 the number of staff who have died in gaza since the war began in october last year between hamas and israel. they say it is a single... for its staff and it has lost six staff members including the manager of the shelter. it says tha

yes, good to have ou, in singapore. yes, good to have you. we're _ in singapore.st looking - in singapore. yes, good to have you, we're just looking at - you, we're just looking at pictures of the pope is backplane sitting on the tarmac at the airport. he is set to depart. he has spent three days here, yesterday was a very busy day for him in fact. he addressed the country's leaders, diplomats, heads of the civil society as well and then celebrated a mass with 50,000 people at the national stadium. today was far less grand but perhaps equally meaningful. he started by visiting the sick and elderly residents from several homes for the aged, where he thanked them for their prayers and asked them to contribute or to continue rather to pray for the church and for humanity as well. he then attended an interreligious dialogue, which just referenced, by young people at the catholicjunior college, it included over 600 participants from more than 50 schools and the pope gave his thoughts on a range of questions asked, including how to harness the opportunities of ai while

singapore is a multireligious and multiethnic society.well. the songs are breaking out a rapid once again. church masses are usually quite sombre, but the reception he received was incredibly warm and now it has become more of a concert vibe. you mention 50,000 catholics here, but this venue is where national days take place, taylor swift has performed here, as well as coldplay. today, singapore was able to witness pope francis appearing and conducting a mass. interesting to hear the social and political messages, i suppose, from the pope when he met leaders from society. singapore is a globalfinancial hub and the pope is saying that special attention should be paid to protecting the dignity of migrant workers there. that's right. that was a key message as well. he wants to focus on those more vulnerable in society, those lower down the social structure. he wants to make sure they are cared for and after, so they got a mention in the homily as well. there was a song dedicated to migrant workers before you came to me, which was performed o

he is largely credited with bringing the grand prix to singapore, the grand prix to singapore, the nightprix to singapore, the night race just happened last weekend and he is accused of taking the gifts in relation to bringing that massive event to bringing that massive event to singapore. as you mentioned, this is a very rare case, singapore prides itself on its squeaky—clean governance and squea ky—clean governance and pays squeaky—clean governance and pays its ministers very high salaries, and some of them earn more than 700,000 us dollars per year and lawmakers justify it by saying that that deters corruption. of course there are many questions around what exactly happened and we will have to see exactly what the prosecutors have to say or prove in order to make their case. turning to artificial intelligence which is set to upend all parts of our lives, including work.the software used by employers to run their hr functions — from payroll to healthcare — is having ai put into it. the bbc�*s michelle fleury has been speaking to the boss of workday, one of the world's biggest providers

singapore an attractive business environment.vestigation happened and someone was convicted was in 1975 so it goes to show how rare it is but prosecutors will work hard to prove the allegations. of course mr s iswaran rejects all of the claims and he will work to clear his name.— to clear his name. thanks for keein: to clear his name. thanks for keeping us — to clear his name. thanks for keeping us abreast _ to clear his name. thanks for keeping us abreast of- to clear his name. thanks for keeping us abreast of that. i over to australia, where the central bank will deliver its latest decision on the cost of borrowing. even though the us federal reserve trimmed rates last week, many analysts are expecting policymakers in australia to hold steady at 4.35%. investment expert shane oliver explains the factors that will affect the rba's decision. basically, the reserve bank is still concerned that demand in australia still remains too strong, the labour market remains too tight and, of course, inflation remains too high, particularly

my colleague joins us from singapore.nd i could barely hear myself. that was about an hour ago but everything is calm now, very quiet. the stadium behind me is gearing down and hopefully the lights will stay on while i'm talking to you. significant day in singapore and the pope has been here before, in 1986, and he only stayed here five hours but this time around pope francis was in singapore for three days and this is the second day. he started with a visit to a university and he spoke alongside the singapore president talking about social cohesion and interfaith dialogue and the environment as well. those were messages he was trying to get across and he xp travelled around in an electric vehicle —— he actually travelled. there were 50,000 people here to celebrate mass along with him and 3000 came from overseas as well. remarkable thing to be a part of. catholic services are often quite sombre and reserved and that was certainly the case when i was almost whispering at times, but that gave way to what can only be describ

the rich, the connex, malaysia, and singapore was bones. the result was lack of water in the city, a terrible official, the water scar city via has lost the battle of singapore. but after japan's overall surrender, the island remained in british. hence, it took more than 20 years until it became fully independent. but politically ration didn't precinct a pull from its water, caresses. what direction in catastrophic sanitation and regular floods continued with its fate. now in its own hands. seeing a pool begin planning for the long term or to see that the father to spend almost 3 decades researching what the policy and innovations around the world and assess the native busing a post pass. she never gave me the pin and they started running to be watching the band as well as for the band and energy independence. but they are going to have she stance up kinds of things. so that was in 1965 for 2016. the initial master plan was find to an over the years into a what a strategy which they call the 4 national types. first, what the impulse 2nd, di

steve lai, bbc news, singapore.ked the world's number one female brea kdancer. her elevation to the top spot comes despite her controversial olympic performance for team australia — which divided the internet and left her with a score of zero. gunn, who performs as raygun, has continued to defend her record amid questions over her qualifications. and breaking's international governing body has issued a statement explaining the way their rankings are decided. for an update on how we got here, i spoke to news reporter sam mcmanus. it was one of the viral moments of this year's olympics. it spawned memes that are still running today. a 37—year—old australian in a green and gold tracksuit doing moves that represented australia. she was at one point doing a bunny hop. she was doing a sprinkler, which i won't demonstrate for you, but feel free to google that. and since then the fame has been for her more so than the sport. and what started as harmless reaction actually became quite controversial when some australian break

steve lai there in singapore.sub—postmasters who inspired a tv drama about the post office it scandal, have been told by the prime minister the government will compensate them as quickly as they can. sir keir starmer was speaking after the former sub—postmistressjo hamilton told the bbc that the government was "still messing us around" over compensation payments. she launched a scathing attack on ministers at the national television awards last night. the itv drama mr bates versus the post office won three awards. here's our entertainment correspondent lizo mzimba. mr bates vs the post office. cheering and applause it was one of the big winners of the night, the itv series watched by millions and hailed for its portrayal of post office sub—postmasters and sub—postmistresses wrongly accused of theft. while we're just skint little people... scooping up the award for best drama and tobyjones, who played sub—postmaster alan bates, winning best performance. but when the real—life sub—postmasters and sub—postmistresses

we have the manager director of peak 15 who joins us now in the singapore studio. that is your wheelhouse. i want to ask you in light of selloff we're seeing in chip, the concerns surrounding a.i., does it in any way shift your view on potential investments in the sector? >> first of all, thank you for having me as a venture capital investor we invest for a very long time horizon. typically we are investing in companies which are very early in their journey. typically with a bucket or a little revenue. we come in as a partner and build that company with the founders. over seven or eight years. we take a long-term view on some of these shifts and i think a.i. is probably the most exciting tech shift i've seen in my last 10 years as a venture capital investor. we think we are in the very, very early days of a.i. revolution in the long-term we are more likely to be surprised by the a.i. potential and surprised to the upside. we are likely to underestimate a.i.'s impact and the value that a.i. could create with productivity gain with profitability gains, for companies

singapore airlines is investigating its fleet but not grounding any plans.airports council international says safety is always a concern but that in general, air travel this year is shaping up to exceed 2023. the safety and security for the passengers are top priorities, so the measures we have taken lately by cathay pacific and other airlines is the ones that have been deemed necessary to take. in terms of results from those sites, and organizations been clear in identifying these as a possible risk, but has also been clear to see that no specific measures to be taken to limit the freedom of movement of people. airports will continue to be vigilant, and they would announce this summer security measures for passengers. january is a big market for asia when it comes to travel, they have problems at the moment, despite that the travel industry is doing well as you said, so when will it recover? china recovered the domestic level. it will recover, it is gone behind, beyond 2019 levels and as well as traffic is concerned, there's a 20% gap it's a lesser recover

certainly a significant day for singapore. tell us what more we can expect. singapore.ect. isawaran of course denies all — can expect. isawaran of course denies all the _ can expect. isawaran of course denies all the charges - can expect. isawaran of course denies all the charges against | denies all the charges against him. he has pled not guilty already and rejected all the allegations. he is working to clear his name. but it will be a tricky trial for the country, purely because there is hardly any precedent. the last time a full corruption investigation happened and someone was charged was back in 1975. all eyes will be on this trial to see how the prosecution argues, where the onus will be on proving that what he did was in fact against the law. we proving that what he did was in fact against the law.— fact against the law. we will be watching _ fact against the law. we will be watching closely, - fact against the law. we will be watching closely, thanks| fact against the law. we will. be watching closely, thanks for getting us up to speed. prosecutors in america s

yes, singapore _ different destination. yes, singapore is _ different destination.ion. yes, singapore is probably the l different destination. is: singapore is probably the most diverse place on earth. it's a city space. i think that's quite an interesting place, such a vibrant part of asia. and a very strong catholic population, almost 98%. and the prior visit by popejohn had a strong impact on the independent struggle at the time and to the worlds attention. i think that is the reason why he's going there. let's take a look at some other stories in the headlines. the united arab emirates has announced a two—month amnesty scheme to help its vast labour force of foreign nationals regularise their visa status or leave without penalty. foreigners, mainly south asians constitute the vast majority of the uae�*s workforce, of which over 40% or nearly five million are indians. the world's largest mangrove forest in bangladesh, the sundarbans, has reopened to visitors and local communities after a closure of three months. the forest, home to royal bengal tigers and other r

singapore is amazing.will talk to partners there and there will be things to acquire capability. haslinda: hard to not bring china into the picture. massive stimulus, sense of urgency. is it a game changer? >> what is good for china is good for the region. we want china to grow. it's good for all of us we have been in china for a long time. haslinda: what new products would be needed? >> our business is following the best investors. fortune 500 equivalents. 6000 institutions, there is a misunderstanding that we exist to serve australia and that is a small part of our business. we support the world's great companies. we know who our customers are, they are investing in china and india and singapore and japan and thailand. lots of growth opportunities so we don't need more customers. we need to learn but there is nothing missing, business in china is growing. haslinda: does that warrant more headcount? >> possibly. singapore is our largest operation, 760 bankers. china is important. getting the balance right

india's prime minister narendra modi is wrapping up a visit to brunei today, and will head to singaporela reports on why pm modi's visit to southeast asia is significant. trade and technology partnerships will be key conversations in prime minister modi's visit. modi will be meeting the new political leadership in singapore, pushing further on the free trade agreement the two nations have. singapore is india's largest trading partner in the asean region and in fact, the largest source of foreign direct investment, accounting for 24% of all fdi coming into india in the last few years. partnerships in digitisation and semiconductors are expected to be signed, and modi will meet and woo lead investors and industrialists in singapore. now the current bilateral visit is seen as strategic for india's act east policy. india is looking to play a bigger role through trade ties in the region where china has a major influence. modi's visit to brunei in this trip, where he is seeking gas and space cooperation, is also seen significant in that light. remember, brunei's positioned in the centre of th

steve lai, bbc news, singapore.t of the korean peninsula. this comment came from the military were there reported that pyongyang laws and launched a missile in the sea of japan. laws and launched a missile in the sea ofjapan. they laws and launched a missile in the sea of japan. they say that there's been no report of damage from suspected north korean missiles. according to the state media injapan and they are citing the japanese government source. it is a story we are continuing to monitor and will bring you news is we get it. i monitor and will bring you news as we get it. kylian mbappe has rejected an offer by the french people are perhaps smaller but no less enthusiastic welcome for pope francis as he arrived at singapore's vip terminal. these were the lucky few chosen to be part of the welcoming party. now, this venue is typically used for mega sporting events or for concerts for international superstars. but for this occasion, it's going to be turned into an arena where the pope can celebrate mass with over 5

as well, especially when it comes to ethnic diversity here in singapore, we have four major— in singaporervice _ major races and during the service that took place at the hationai— service that took place at the national stadium, we saw prayers _ national stadium, we saw prayers take place in those four— prayers take place in those four languages and when he got off the — four languages and when he got off the plane, the vip terminal, is greeted by four chiidreh_ terminal, is greeted by four children are representing the four— children are representing the four ethnicities of singapore. following that visit to the us, it came — following that visit to the us, it came to the national stadium agency— it came to the national stadium agency behind me, they conducted mass with 50,000 devotees and it all came to get the seats— devotees and it all came to get the seats in the lucky ones were — the seats in the lucky ones were able to celebrate the mass with him — were able to celebrate the mass with him and again, the message is looking — with him and again, the message is looking out for those

in singapore, a former minister has pleaded guilty to accepting gifts whilst in public office in the country's biggest corruption trial in decades. sir keir starmer will use his first labour conference speech as prime minister to say there is light at the end of the tunnel. hello. welcome, i'm martine croxall. there have been more reports of rocket fire around the israeli—lebanese border a day after nearly 500 people are reported to have been killed in israeli air strikes against what it says were hezbollah sites in lebanon. israel says it hit dozens of hezbollah targets in south lebanon overnight. this video, filmed in taalbaiya in lebanon's bekaa valley on monday evening, is said to show the aftermath of at least one air strike. the extent of the damage is not known. the fires are burning in what appears to be a residential area. israel says it hit around 1,300 targets, which it says were hezbollah sites housing cruise missiles, rockets and drones. welcome, i'm martine croxall. there have been more reports of rocket fire around the israeli—lebanese border a day after nearly 500 peo

as you mention, singapore - came to light. that's right.ueaky clean governance. public servants are paid a lot of money. some of them earn more than $700,000 per year, and lawmakers justify those handsome payments by saying it deters corruption. so this case, ever since it started last year, has really shocked this country. the last time there was a trial for political corruption was back in 1975. so there's been a lot of criticism around this. in fact, the attorney general mentioned politicians from other parts of the world including britain and said, while it's ok for them to accept gifts, it's not ok for a country like singapore, and that's why they are taking this so seriously.— so seriously. thank you very much for — so seriously. thank you very much for now. _ world leaders are gathering in new york for the 79th session of the un general assembly amid a growing global tensions with conflicts in sudan, ukraine and the middle east. among those due to speak is president zelensky, who is on a week—long trip to the us where he is expected

in 2003, the uss an aircraft and its strike group made a port visit in singapore. so this is you know 20 years ago now. and leonard, through of his wild parties on the helipad of a singapore skyscraper, a michelin starred restaurant and. you know, there were 20 girls come in the end of dinner and. you know, the straight group admiral was welcoming all this, right? this dinner with the prostitutes but there was one female officer who was actually the commanding officer of a destroyer here that was part of the strike group. and she was there and she was clearly very uncomfortable at this dinner. right. she was uncomfortable with how much cause she was uncomfortable with, you know, the prostitutes wandering. but what does she do? her boss the strike group admiral is obviously having the time of his life, so she can't him right then and there. so the next day she sends an email to the strike group commander and his chief of staff and says she's got to kind of thread the needle. right? she has to make clear that she was uncomfortable with this. but doesn't want to seem

steve lai, bbc news, singapore. and the other case gainst him will be dropped. it follows his arrest over the summer in the hamptons in new york state. he initially pleaded not guilty. in football, kylian mbappe has rejected an offer by the french football league's governing body to mediate in a wage dispute with his former club. the striker claims paris st—germain owe him around £47 million in unpaid wages. the club says he agreed to waive the amounts if he left on a free transfer. mbappe joined real madrid this summer as a free agent, after his psg contract ended. some of brazil's biggest cities have been struggling with poor air quality, caused by smoke from some of the worst forest fires in the country's history, and a severe drought. in sao paulo, residents have been told to stay indoors and avoid strenuous exercise. more than a thousand brazilian cities have been affected by fires. the head of mexico's supreme court has expressed pessimism about the country's future, after congress approved a bill under which

i caught up with one of the most recognisable names in formula 1 as the race wrapped up in singapore. hello and welcome to business today. i'm steve lai. let's begin in sri lanka. its new president anura kumara dissanayake faces the grim task of reviving an economy which collapsed in 2022. that led to a bailout from the international monetary fund to the tune of nearly three billion dollars. dissanayake won saturday's election after a historic second round of counting, which tallied voters�* second and third choice candidates. for more on what lies ahead for sri lanka, let's bring in ganesh wignaraja. he is a visiting senior fellow at odi, a uk—based global affairs think tank. thank you for speaking to me to. so soon after the presidential election to take place. i want to get your thoughts on what the president—elect and first priorities will be, especially regarding the priority —— economy. he talks about a new and progressive schleicher in his manifesto, which emphasizes production, good policies, which means promoted agriculture and many factory. i think his first actions will be

from singapore.u need this footprint and i kind of like this environment. >> what are you doing in asia? >> we have been in singapore for 10 years. we moved to korea, japan, hong kong. we had three objectives. one was to promote the brand and investment solution we could offer to asset owners in the region. the other was to convert that. we believe we are contributing. the last was to deploy capital. there is no shortage of capital and we had no pretension to challenge them. we think we could bring some expertise that would be complementary. we just announced private credit. we just announced this partnership. in this environment, that's a perfect asset class for investors. >> india has been euphoric. it is time for a correction some say. valuations are through the roof. do you still get him? >> i am back to my supply demand imbalance. from a flow standpoint. i think everybody agrees you have this massive flow of capital leaving china, getting into india. it's a relatively close to market. we think s

on thursday, he expressed concern for singapore's rapidly ageing population and its migrant workforcedomestic services industries. my colleague steve lai gave me his analysis of the pontiff's 12—day trip. there's certainly a lot of ground to cover and he certainly covered a lot of topics as well. just to get you up to speed with what he did here in singapore yesterday, he sat alongside singapore's president to address the country's leaders, diplomats and heads of civil society. and then he celebrated mass with 50,000 people at the national stadium. today was far less grand but perhaps equally meaningful. he started by visiting the sick and elderly, who you referred to just now, elderly residents from several homes for the aged, where he thanked them for their prayers and asked them to continue to pray for the church and for humanity as well. you mentioned he met with some young people as well. there are some interreligious dialogue at the catholic junior college here, including over 600 participants from 50 schools. the pope gave his thoughts on a range of questions asked, including h

singapore is the last leg of a 12—day asia—pacific tour.nally in the democratic republic congo. but not where they are needed. the virus is rapidly spreading in the east of the country and health workers are waiting for the vaccines to control the spread. however, the country's health minister has told the bbc that it will be a logistical nightmare to distribute the vaccines, and it will be several weeks before roll out begins. the bbc�*s ian wafula filed this report from kinshasa. this is the first time mpox vaccines have been made available for emergency use in the democratic republic of congo. the country has recorded more than 18,000 suspected cases of mpox and over 600 deaths this year. however, storing and distributing the vaccines in a timely way is a complex process. we were given special access to one of the storage facilities, so i'm having to wear this outfitjust because inside the cold room where the mpox vaccines are, temperatures go as low as —20 degrees, which is super cold. this lab in kinshasa is the largest vaccine storage

we have many chinese nationals living and singapore. there is a lot of traffic, right. lot of travel top ties. no pope has ever visited china at the age of 88. it seems unlikely. pub fonts as will do so. but strengthening ties with vision could be critical and enabling catholicism to thrive in the region in the future. patrick folks, how does 0 single to and find the space? sykes has notched another milestone in old age. the company has completed the 1st service, commercial space walk. it's a risky test that only been done by government space agencies before i was just there. assign said as a car and baker has more to go to 700 kilometers above the southern atlantic ocean . went out a graph flying at 25000 kilometers an hour, the leader of the space mission palerose, dawn prepares to do something. no civilian has done before. he turns the handle, our command gives a strong push. and with the silent pulse of their jared isaac man exposes his crew to the uncompromising vacuum of space. this is the 1st commercial mission to attempt a space

lando norris wednesday singapore i be lando's. lando norris- wednesday singapore grand prix.p to verstappen is still more than 50. for norris to reach the top, he needs six more like this one. joe lynskey, bbc news. so, six races remain, starting with the us grand prix next month. the mclaren driver is understandably pleased with his work today. it was an amazing race. if you too many close calls. i had a couple of little moments in the middle. but it was well controlled, i think, middle. but it was well controlled, ithink, otherwise. the car was amazing. i could push, we were flying the whole race. and at the end i could just chill. it was a nice race. i am a bit out of breath, but a very fun one. quite a bit of tyre degradation. second, iwas quite a bit of tyre degradation. second, i was a bit better— degradation. second, i was a bit better and a bit more comfortable as well. i a weekend where we knew we were going _ weekend where we knew we were going to _ weekend where we knew we were going to struggle to be p2, it is a good _ going to struggle to be p2, it is a good achi

and singapore. and shanghai and welcome to bloomberg markets: asia. i am haslinda amen live in the lion city. bloomberg learns that china is considering injecting $142 billion into its biggest state banks to support the economy. asian equities rallying on the back of technology stocks, gains fueled by micron's stronger-than-expected sales forecast on a.i. demand. and we speak exclusively in a few minutes with david hunt the ceo -- which manages assets worth more than $1.3 trillion. we will discuss market risks and opportunities as the u.s. and china focus on boosting their economies. how markets are shaping up. asian stocks trading at a two-year high led by a fresh rally in hong kong and mainland china, the yuan expanding those gains. remember they reach the seven mark yesterday, on -- that beijing is considering injecting up to $142 billion of capital and its biggest state banks to boost their capacity to support the economy. let's get insights and perspective in let's bring our china correspondent. how should we interpret this move on the back of th

this has really rattled singapore, because public servants are paid an awful lot of money, some of themse, especially given that singapore lawmakers put themselves at a much higher standard when it comes to things like corruption and bribes while in public service. suranjana tewari, thank you. there are plenty of amazing swimming teachers out there, butjust imagine getting a lesson from an olympic and commonwealth champion just back from winning gold in paris. well, that's exactly what happened for some lucky children, as duncan scott showed the next generation of swimmers in glasgow how to be safe in the water. scotland has three times the number of accidental drownings as the rest of the uk, as catriona renton reports. legs up against the wall like that, head down, blowing bubbles. these nine—year—olds have been getting some special tips during their swimming lesson from an olympic gold medallist. duncan scott was helping promote the importance of competence and confidence in the water. he teached us how to go under the water and push off. how important is it to learn to swim? very im

there is the r&r futures in singapore below $100 a ton off 2% today.suffering in australia, rio tinto, its biggest product is iron ore off by 1.25% at the moment. we have plenty more to come. this is bloomberg. ♪ with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. paul: chatgpt less than two years ago sparked an ai frenzy. the talk of a fourth industrial revolution. silicon valley named scrapped much of the attention but the bigger changes are felt in taiwan were businesses markets have shifted as a result. we got more from our tech reporter, annabelle droulers. >> taiwan is the home of our treasured partners. this is, in fact, where everything nvidia does begins. quakes it has become a linchpin of the global economy. taiwan's dominance in advanced chips has grown through the

annabelle from the crypto conference here happening in singapore.lenty more ahead, keep it here with us. this is bloomberg. ♪ welcome back, bloomberg has learned that nippon steel will receive an extension in a security review of its $14 billion bid for u.s. steel, that's likely to push a decision on the politically contentious takeover past the u.s. presidential election in november. our breaking news editor gareth allen joins us for more. gareth, what is this mean for the deal's chances, how are we assessing it? >> essentially we have kicked the can down the road a little bit, the initial deadline was going to be next monday, the 23rd. and biden had unequivocally said that he was going to kill the deal at that point when the review crossed his desk, so that has been pushed back, it will be after the election, so it does give a small sense of life back to the deal, so politicians and the u.s. have still said they are against it, but for the moment, he remains at the table, it has another 90 days of review. so, in that sense, it does give it somewha

catholics in the country of singapore are excited to listen to his service.is the last leg of the pope's 12 day asia and oceania tour. it included stops in indonesia, papua new guinea and east timor. now on the itinerary in singapore, privately meeting with the president there, prime minister and the former prime minister, the pontiff will also hold a mass at the national stadium before returning to the vatican for percent of singapore's population is catholic. don't forget you can watch our newscast 24/7 on roku, pluto and other streaming platforms. raj mathai. joins us now with what's coming up next at 530. here's what we're working on on this wednesday evening, south bay bar and restaurant owners are fed up after being hit by burglars. here are some of the surveillance video here. how many of them now have started working together? these owners to fight back? also fresh off of a taylor swift endorsement of kamala harris, we look into how an ai deep fake may have helped lead to her decision. the impact of artificial intelligence on the upcoming election and

in singapore, the water utilities under the government, it's on a zero profit basis, but it is also onit is priced to cost recovery, and in 2017, we had one price increase, and recently another price increase, so since 2017, the price of water has gone up about 15% —— about 40%, so even when ever meant runs the water utility, price increases have come quite fast and furious in the past two years, and the uk, not really, so i think if you do not have price increases, it goes to revenue stream. providers of virtual private networks, or vpns, say they've seen an unprecedented surge in demand in brazil since the social media platform x was banned there. by more than 1800%. a brazilian supreme court judge ordered that x be suspended after its owner, elon musk, refused to take down several accounts accused of spreading disinformation. the orlando —based chain which closed in 93 locations —— 93 locations before filing for bankruptcy, says new owner of invest more than $63 million to revitalize the brand. now, why on earth would the ceo of a beer company want to destroy his first ever consignm

just to get you up to speed with what he did here in singapore yesterday, he sat alongside singapore'sas far less grand but perhaps equally meaningful. he started by visiting the sick and elderly, who you referred to just now, elderly residents from several homes for the aged, where he thanked them for their prayers and asked them to continue to pray for the church and for humanity as well. you mentioned he met with some young people as well. there are some interreligious dialogue at the catholic junior college here, including over 600 participants from 50 schools. the pope gave his thoughts on a range of questions asked, including how to harness the opportunities of ai and managing the risks it poses through disinformation of different groups. he said, a young person has to be a critic but you have to be constructive with your criticism, as it can also be destructive. he also said that young people should use social media to move forward but not to be slaves of it. he called for sincere dialogue between young people of different faiths, likening religions to languages and that all lea

indian prime minister narendra modi is in singapore for a two—day visit.ate is the latest destination in the indian leader's whirlwind tour, which included stops in italy, russia, ukraine, poland, and brunei. singapore is the largest source of foreign direct investment asia economist priyanka kishore to find out more about modi's priorities. it's seen as a testimony of broadening and deepening ties between two countries. we are probably going to look at the greater emphasis cooperation in manufacturing and sectors like health care and logistics, advanced manufacturing particularly, semiconductors, and alongside that, there will be talks of cooperation in sustainability and security in the prime minister meetings. what is the health of india at the moment when you talk about the economy, a few economic indicators note, gdb data, manufacturing, and what is your outlook? it used to be one of the fastest growing economies globally, and that probably makes prime minister modi comfortable undertaking these foreign visits so soon after the election. if all goes w

welcome to newsday, i'm steve lai reporting live from singapore. the headlines... ukraine's poltava is pelted with the deadliest single russian strike on a ukrainian city this year — killing at least 51 people. a pregnant woman and 6 children are among the dead, after a small boat capsizes in the english channel, all 12 people perish. mongolia plays host to vladimir putin — ignoring an international arrest warrant for the russian leader. we'll discuss why he's made the visit. ——in all, 12 people perish. also coming up on newsday... "britain's schindler". the hero who rescued hundreds ofjewish children from the nazis — is commemorated — with his own street. it's 6am in singapore, and one 1am in poltava in ukraine — where russia has carried out one of the deadliest strikes in months. ukraine's defence ministry says at least 51 people have been killed, with 219 injured. the attack occured at a military communications institute, in the central eastern part of the country. these images verified by the bbc show the aftermath of that attack. the country's defence ministry

and the first time any pope has visited singapore since the 1980s, earlier thursday, the pope praised the country's action on climate change and the fossil during healthy international relations, but also called for local migrant workers to be paid more fairly. the trip comes as the vatican attempts to rebuild diplomatic ties with beijing, which currently has a strong relationship with singapore but it's prime minister winston churchill got p when a photographer pulled his cigar, right out of his mouth ahead, how it resulted in one of the most famous photos in here history, and how the stolen portrait is now on its way home xyz all at night release allergies while you sleep? >> so you wake refreshed for more productive day get 24 hour continuous relief that does not fade. >> be wise old, takes eyes off night. one, bro, i can't wait to see how you make out as an equivalent manager lysol laundry sanitiser. it says here kills 99.9% border collie in bacteria and laundry. >> and it's not so fresh they are trying to shut down this legal loophole to get 100 milligram generic viagra or 20 mil

plus, i caught up with one of the most recognisable names in formula 1 as the race wrapped up in singapore. hello and welcome to business today. i'm steve lai. let's begin in sri lanka which has elected a new president. anura kumara dissanayake faces the grim task of reviving an economy which collapsed in 2022. dissanayake won the selection after the second round of counting which telling voters second and third choice candidates. the bbc�*s sent this report. sri lanka's voting for change and anura kumara dissanayake victory signals that political overhaul. he is the first left—leaning lawmaker to take charge and has won on his pledge to address corruption and reduce economic burden on sri lankans. and that resonated with citizens who have been burdened with high living costs and rising poverty, even at a time when the economy overall seem to have stabilised. now, dissanayake promise to cut income taxes and slash sales taxes on food and medicine, his also promised to renegotiate terms of the imf programme to make it easierfor sri lankans. but experts say that he can manage to realistically

chris watson in singapore for tech law. festa, tech expert, thanks forjoining me.ories in washington state and oregon are due to vote on a new four year contract. he the proposed deal, which has been recommended to workers by the iam union, includes a pay rise of 25% over the next four years. if they reject it, strike action could follow. before we go, let's turn to the music industry where popular rapper eminem has just made billboard history. the rapper's 2005 album curtain call, the hits has spent more than 700 weeks or more than 13 years on the billboard 200 charts. 0nly five albums before this have reached this milestone. congratulations indeed to eminem. and that's it for this edition of business today. we'll have more news day of the top of the hour, and sport is “p top of the hour, and sport is up next. it's all coming up on bbc news. hey, i'm lola with the catch up. tonight — harris and trump's debate, new rights for renters, and would you buy a disney themed house? donald trump and kamala harris, the two candidates wanting to be the next us president, hav

real terms, prices haven't gone up in the uk, in the past ten years, i'll give you an example, in singaporees are run by the what utilities are run by the government on a zero profit basis but it's also on a zero subsidy bases and so, its price to cost recovery. and there, in 2017, we had one price increase and recently another price increase in 2017, the price of what has gone up about 15% — about 48%. so even when a government runs a water utility price increases have come quite fast and furious in the past few years. in the uk, not really so i think, if you don't have price increases, you get into your revenue stream. mina; into your revenue stream. why on earth with _ into your revenue stream. why on earth with the _ into your revenue stream. why on earth with the ceo - into your revenue stream. why on earth with the ceo of- into your revenue stream. why on earth with the ceo of a beer company want to destroy his first—ever consignment of beer just before it goes to market? here are some that happen to bill and his men explaining why and what he learned.— and what he learned. scariest m