my colleague steve lai sent this report from jakarta, ahead of the presidential election. around you can't help but notice the number of young people. nearly half the population is under the age of 30 but when it comes to employment younger job—seekers are struggling. for those under the age of 25 the unemployment rate is 19%. we need to seekjobs being created for the young labour force but what is more difficult is to prepare this young labour force to be able to respond to the new demand from the industry, from the economy. most of the labour force are not highly educated, or well trained. i'm on a busy part ofjakarta where students from the university of indonesia likes to hang out and they are lucky because they are getting a higher education. but what will the future hold when join the workforce 7 i think the most important is a government that can support a young generation, gen z. every year, we have 1.5 million graduates and i don't understand how they can accommodate that. we are hoping they| don't give us empty promises. as youths, we are going to the workforce t

i'm steve lai injakarta, as one of asia's largest democracies is heading to the polls. we'll bring you the latest on what it means for businesses and jobs. signs hot but may be further running hot but may be further away than anticipated. i'm arunoday mukharji. let's quickly cross to hong kong, where the stock exchange voters in southeast asia's largest economy — indonesia — have begun casting their votes for the country's next president. but whoever wins will have big challenges ahead — including improving growth and creating jobs. injakarta, my colleague steve lai has the story. good to have you back. what is the latest?— the latest? thank you. polling is under way _ the latest? thank you. polling is under way and _ the latest? thank you. polling is under way and closes - the latest? thank you. polling is under way and closes at - the latest? thank you. pollingi is under way and closes at one when counting will begin. you mentioned it's southeast asia's largest economy, ranks 15th in the world. it'sjust largest economy, ranks 15th in the world. it's just below spain a

my colleague steve lai sent this report from jakarta, ahead of the presidential election.d you can't help but notice the number of young people. nearly half the population is under the age of 30 but when it comes to employment younger job—seekers are struggling. for those under the age of 25 is 19%. we are struggling. for those under the age of 25 is 19%.— the age of 25 is 19%. we need to seekjobs _ the age of 25 is 19%. we need to seekjobs being _ the age of 25 is 19%. we need to seekjobs being created - the age of 25 is 19%. we need to seekjobs being created forj to seekjobs being created for the young labour force but what is more difficult is to prepare this young labour force to be able to respond to the new demand from the industry, from the economy. most of the labour force are not highly educated, or all well trained. force are not highly educated, orall well trained. i’m force are not highly educated, or all well trained.— or all well trained. i'm on a busy part — or all well trained. i'm on a busy part of— or all well trained. i'm on a busy part ofjakarta - or al

my colleague steve lai sent this report from jakarta, ahead of the presidential election. you can't help but notice the number of young people. nearly half of the population is under the age of 30. but when it comes to employment, youngerjob—seekers are struggling. for those under the age of 25, the unemployment rate is 19%. indonesia needs to create millions jobs for the young labour force. but i think what is more difficult is that to prepare this young labour force, to be able to respond to the new demand from the industry or from the economy. most of the labour force are not highly educated. they are not well trained. i'm in a busy part of jakarta where students from the university of indonesia like to hang out, and they're some of the lucky ones getting higher education. but even they have concerns about what the future holds when it's time for them tojoin the workforce. we've also said that all generation is golden generation for indonesia. so i think the most important for president is who can support a young generation in all or in gen 2. everybody said we will cre

joining me now, bbc presenter steve lai. steve talk us through what's at stake here.t's at stake here. , . ., ., here. the polls close at one and counting _ here. the polls close at one and counting starts - here. the polls close at one and counting starts beyond | and counting starts beyond that. official results don't always come out for 35 days after that. quick outs give us an indication as to who will be winning and candidates have conceded victory based on these cows for that hopefully we will have a clear picture later this evening. you talk about the key issues, jobs and certainly one of them. especially for the young prabowo subianto population here. you mentioned, the front runner. will get more on that with my guest. jonathan, prabowo subianto perhaps more known on the international stage than other candidates but not necessary for the best reason. aha, candidates but not necessary for the best reason.- for the best reason. a very controversial _ for the best reason. a very controversial character. . for the best reason. a very i controversial character. wa

for more on all of that let's cross over the steve lai who joins us from jakarta. r to ou. a , ., , jakarta. steve come over to you. as you show they are ollin: you. as you show they are polling stations _ you. as you show they are polling stations are - you. as you show they are polling stations are up - you. as you show they are | polling stations are up and running today. they will be open to 1pm local time. just to give you a sense of the scale of what's involved with a 17,000 islands that make up the entirety of the indonesian archipelago. the logistics are incredibly challenging. indonesia is the third largest democracy in the world following india and indonesia. india and the united states, rather. before the election took place i had a chance to catch up with election expert and she told me some challenges that indonesia faces in carrying out this election. indonesia is a very big countrv _ indonesia is a very big country. it is very complex, not — country. it is very complex, not only— country. it is very complex, not only for the election commission but al

i'm steve lai. hello and welcome to asia business report. i'm steve lai. we begin with disney because the media and entertainment giant has reported earnings that beat estimates, sending its shares soaring nearly 7% in after hours trading. the company also unveiled what is its biggest bet to date in the gaming industry... our north america business correspondent, erin delmore, has more from new york. disney says it's on pace to bring in more money this fiscal year and that it expects earnings at least 20% higher than last year. and the company says it's on pace to cut costs. it expects to meet or surpass its goal of cutting $7.5 billion by the end of this fiscal year. the news comes as pressure mounts from an activist investor who's been critical of the company, including its disappointing stats at the box office. the company also narrowed its losses specifically in streaming. disney plus increased prices this fall and lost subscribers over that. but because each subscriber is paying more for the service, its average revenue per user went up. disney plus i

injakarta, my colleague steve lai has the story.country when it comes to its economic weight and what happens in indonesia obviously has an impact around the region as well. like most countries from the pandemic, key concerns our growth and unemployment. i've been speaking to young people here and they sayjobs are on their minds when it comes to choosing their

i'm steve lai. the headlines.. king charles has been diagnosed with cancer — buckingham palace says he will continue with state duties — but step back from public engagements during his treatment. the palace says the cancer was identified during the king's recent trip to hospital for an enlarged prostate — but haven't said what type of cancer it is. america's top diplomat visits the middle east for talks — after the latest round of us strikes on iran—linked targets in the region. an australian academic is given a suspended death sentence by a chinese court. the australian government says it is appalled by the decision live from our studio in singapore — this is bbc news. it's newsday. there is only one place to start this hour, and that is with buckingham palace has announced that the king is being treated for cancer. he will continue with state duties but will step back from public engagements during his treatment.during the kings recent hospital procedure for benign prostate enlargement, a separat

i'm steve lai. the headlines... the united states is air strikes against earning sides of the middle east have been effective but insist more acts are needed. as pakistan appears to go to the poll this week opposition parties turn to technology to get their message out to the voters. music and we report on the build up to the grammy awards set to be dominated this year by female artists. the us says there will be more attacks against houthi forces in yemen after overnight american and uk airstrikes — which hit more than thirty positions. the houthis, who are backed by iran, have been targetting vessels in the red sea since november — they say this is in support of the palestinians in gaza. they are one of several militias in the middle east with iranian backing. the us targeted others in syria and iraq earlier this weekend and there've been funerals today in baghdad after 17 people were killed. our international editor jeremy bowen considers whether there is any chance of a cessation of the conflict

i'm steve lai. the headlines... the palestinians killed as israeli special forces rescued two hostages ten days ago — we have a special report. alabama's largest hospital pauses ivf procedures after the state's supreme court ruled embryos are children. the middle east and the war in ukraine dominate the agenda as 620 foreign ministers meet in brazil. and checkmate — we meet the eight—year—old who's become the youngest chess player ever to beat a grandmaster. we start tonight with a special report. last week israeli special forces rescued two of the hostages kidnapped on october seventh by hamas. they were being held in southern gaza in the city of rafah. there was huge relief for the families of 60—year—old fernando simon marman and 70—year—old louis har. but the military raid to free them reportedly left more than 70 people dead and dozens wounded. the bbc�*s special correspondent fergal keane has been hearing the stories of civilians and medics caught up in a night of fear. his piece contains dist

i'm steve lai. the headlines... after days of negotiations two major political parties in pakistan say they've agreed to form a coalition government. the us again vetoes a draught un security council resolution, blocking a demand for an immediate humanitarian ceasefire in gaza. plus — why south korean doctors are striking over plans to introduce more trained physicians into the system. in developing news from pakistan — in a late night press conference, two major political parties say they have reached an agreement to form a coalition government. this comes after a tense election campaign with allegations of vote rigging. these are the two men who will be taking the top jobs — asif ali zardari, from the centre left pakistan people's party, will be the candidate for the presidency — his second time in the role. and, set to reassume the prime ministerial role also for the second time — from the centre right, pakistan muslim league's shehbaz sharif, the younger brother of former prime minister nawaz sh

steve lai is standing by. 0ver over to you, steve. a wet start in jakarta, — over to you, steve.with what�*s been going on, some context to the indonesian economy, ford says indonesian economy, ford says indonesia ranks 15th in the world, worth about 1.5 trillion us dollars, just below spain and just above turkey. it is southeast asia�*s largest economy so however well it string will have an impact on the rest of the region. like most countries emerging from the pandemic, the two most

i�*m steve lai. hello and welcome to asia business report. i�*m steve lai.from new york. disney says it�*s on pace to bring in more money this fiscal year and that it expects earnings at least 20% higher than last year. and the company says it�*s on pace to cut costs. it expects to meet or surpass its goal of cutting $7.5 billion by the end of this fiscal year. the news comes as pressure mounts from an activist

welcome to newsday, reporting live from singapore, i'm steve lai. the headlines... the first ever private spacecraft successfully lands on the moon's surface. odysseus touched down on the lunar south pole where scientists hope there could be a source of water. �* ., ., water. but we are on the surface _ water. but we are on the surface and _ water. but we are on the surface and we _ water. but we are on the surface and we are - surface and we are transmitting, and welcome to the moon. transmitting, and welcome to the moon-— transmitting, and welcome to the moon. ., , ., the moon. four people have died in a fire in _ the moon. four people have died in a fire in a _ the moon. four people have died in a fire in a residential _ in a fire in a residential building in the spanish city of valencia. the head of the us house of china committee's entire want to meet with the president to show solidarity with the island. presidentjoe biden meets the wife and daughter of russian opposition leader alexei navalny as the mother said she's finally seen his body. translation: , , .,

injakarta, my colleague steve lai has the story.ng is under way and closes at one when counting will begin. you mentioned it's southeast asia's largest economy, ranks 15th in the world. it's just below spain and just above turkey. it's a sizeable country when it comes to its economic weight and what happens in indonesia obviously has an impact around the region as well. like most countries from the pandemic, key concerns our growth and unemployment. i've been speaking to young people here and they sayjobs are on their minds when it comes to choosing their candidates. earlier i spoke to ganjar pranowo who is the deputy chief of staff for president widodo and he was familiar with the goals and ambitions during his tenure. i asked about the challenges they will face. we are trapped in this middle income and there is no sign of when we can escape. to me as a technocrat i think this is the most challenging problem we have at the moment. i think we would need six to 7% growth if we want to escape this middle income trap. whoever becomes p

i'm steve lai. to a big story in the us now. it seems like apple's electric ambitions have hit a major speed bump. the company has reportedly begun winding down its team dedicated to manufacturing electric cars. our north america business correspondent michelle fleury has the latest from new york. apple started out with lofty ambitions. for years, it was rumoured that it wanted to build its own electric car, one without a steering wheel or any pedals, a true driverless experience. but after spending billions of dollars on the decade—long project, it now appears the iphone maker, well, it's abandoning it altogether. we reached out to apple for comment, but we haven't heard back from them yet. the team working on the project were told the iphone giant was shifting its focus to ai. in fact, some of the people who worked on the car will be moved to apple's artificial intelligence division — that's according to bloomberg — while those who can't find jobs elsewhere in the company, they face lay—offs. apple shares rose nearly 1% on the

i'm steve lai. the us supreme court heard arguments in two cases today which could change the way america regulates social media content. at issue are laws in texas and florida that put restrictions on how platforms like facebook, youtube and x police online material. michelle fleury sent this report. for several hours, justices from the highest court questioned aspects of legislation passed in florida and texas that limit what social media platforms can do to moderate content. the laws were introduced after the siege of the capital, onjanuary 6, which led to donald trump being removed from several social media networks. supporters of the law that it was necessary to prevent censorship of conservative users — a long—running concern among republicans. they argued they were simply trying to regulate business behaviour, not the speech of these firms. but opponents, including the industry group challenging both laws, net choice, said they infringed on the platforms�* first amendment rights, by limiting

i'm steve lai.tes says air strikes against iranian—backed militias in the middle east have been effective, but officials insist more attacks are needed. as pakistan prepares to go to the polls this week, opposition parties turn to technology to get their message out to the voters. the grammy awards are getting under way. they are set to be dominated this year by female artists. facebook marks its 20th anniversary.— facebook marks its 20th anniversary. live from our studio in _ anniversary. live from our studio in singapore, - anniversary. live from our studio in singapore, this. anniversary. live from our| studio in singapore, this is bbc news.

let's get the very latest from jakarta with my colleague, steve lai. ding by and getting us regular updates from the ground there. steve, just take us through what you're seeing and the reactions as well. , ,., �* , seeing and the reactions as well. , �*, well. yes, so it's the day after the _ well. yes, so it's the day after the elections - well. yes, so it's the day after the elections that l after the elections that happened yesterday it was a public holiday and voting across the indonesian archipelago, life is sort of turning back to normal. the traffic is picking up in jakarta, people are getting back to work and getting on with business and that's where our focus is on this hour as well. the run—up the election well. the run—up the election we heard that economic growth fell slightly, lower than the government's target. that was due to exports and falling commodity prices, indonesia is in a strong position, it is considered one of the fastest growing economies in the region, we'll get thoughts on that with a guest in just a moment, but here is wha

steve lai is standing by. over to you, steve. a wet start in jakarta, — over to you, steve. start in jakarta, the _ over to you, steve. a wet start in jakarta, the polls _ over to you, steve. a wet start in jakarta, the polls are - over to you, steve. a wet start in jakarta, the polls are up - injakarta, the polls are up and running, we will be out on the street later we hope as the brainteasers. to get you up to speed with what's been going on, some context to the indonesian economy, ford says indonesian economy, ford says indonesia ranks 15th in the world, worth about 1.5 trillion us dollars, just below spain and just above turkey. it is southeast asia's largest economy so however well it string will have an impact on the rest of the region. like most countries emerging from the pandemic, the two most significant economic concerns are about growth and unemployment. i spoke with yanuar nugroho in singapore, he was also the deputy chief of staff to the president of indonesia previously. iasked him about the challenges indonesia is facing. we are trapped in this middle income

welcome to newsday, reporting live from singapore, i'm steve lai. the headlines. pro—iran armed group. it was launched in retaliation for the attack last month that killed three us soldiers. israel's prime minister strikes a defiant tone saying he'll settle for nothing less than the total defeat of hamas. polls open in a couple of hours in pakistan after two exposions near the offices of election officials killed 28 people. as millions in china make their move to celebrate the lunar new year, freezing rain and snow storms cause travel chaos. live from our studio in singapore, this is bbc news. hello and welcome to the programme. we begin in baghdad. a us drone attack which killed

i'm steve lai. we begin in china where, over the weekend, authorities have vowed to stabilise markets. it comes after another volatile session on friday that saw shares dropping to their lowest level in five years. a series of government support measures have failed to prop up stocks. injanuary, china's blue—chip csi 300 index tumbled to 6.3% as authorities struggle to boost investor confidence which has been hit by an economic slowdown and a deepening crisis in the property sector. earlier i spoke to charu chanana from investment bank saxo and she told me investors want to see beijing implement long—term structural reforms. it is not something that can offer that long—term comfort to chinese investors or those who are actually looking for the stocks to get dirt cheap and kind of, you know, make an entry into that market. these are measures that we have obviously seen in the past as well in the last few weeks, and all they really do is to try to put a float but it is not something that investors are

i'm steve lai.et's start with australia where later this morning the central bank will review its benchmark interest rate. higher mortgage payments in australia are hitting savings and spending for low—income households, but the economy has also shown surprising strength. i spoke withjun bei liu from tribeca alpha plus fund earlier, who gave us her outlook for markets and the economy this year. australian economy has been incredibly resilient. one difference though between here and the us, the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real tdp growth about 2% with inflation sitting at about mid—single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the e

welcome to newsday, reporting live from singapore, i'm steve lai. plans for a series of strikes on iran target in iraq after tax on its base injordan. target in iraq after tax on its base in jordan._ target in iraq after tax on its base in jordan. the president will not tolerate _ base in jordan. the president will not tolerate attacks - base in jordan. the president will not tolerate attacks on i will not tolerate attacks on american troops. and neither will i. ,, american troops. and neither willi. ,, , will i. the us imposes sanctions _ will i. the us imposes sanctions on - will i. the us imposes sanctions on jewish i will i. the us imposes - sanctions on jewish settlers in sanctions onjewish settlers in the occupied west bank. and seven time formula 1 champion lewis hamilton lives mercedes to join lewis hamilton lives mercedes tojoin ferrari. lewis hamilton lives mercedes to join ferrari.— to join ferrari. light from our studio in _ to join ferrari. light from our studio in singapore. - to join ferrari. light from our studio in singapore. this -

let's get the very latest from jakarta with my colleague, steve lai. that really looking in favour.hose contesting the results, the other candidates might feel differently but it is the day after the elections. life is getting back to normal here injakarta. just a couple of things i want to tell you about. it is southeast asia's largest economy and is considered to be one of the region's fastest growing economies. in the lead up to the election there was an economic data came out that indicated that economic growth had fallen slightly. that was due mainly to falling commodity prices. that change in the year ahead? we will have to wait and see but after surging ahead in the county yesterday he was in mood when he addressed supporters last night. this victory must be the victory of the people of indonesia. all of the indonesian forward coalition will embrace all elements and powers had become the president, vice president and government, present for all the people of indonesia. to get some reaction to what has been evolving here over the past 2a hours i spoke to a respected economist

i'm steve lai. let's begin in the us, where presidentjoe biden has just announced plans to impose "major" sanctions on russia. officials say the measures will target a range of items, including sources of revenue for the economy. more details will be provided on friday. the move follows the death of prominent russian opposition leader alexei navalny, and comes as the war in ukraine rages on. president biden has blamed russian counterpart putin for navalny�*s death. the bbc�*s erin delmore has more from new york. when news broke on friday that the foremost critic of vladimir putin had died in an arctic prison, questions arose on how the us would respond and now we have one answer. the us is expected to announce further sanctions against russia. this comes as washington struggles to agree on funding to assist ukrainian armed forces in their fight against russia. in this week marks the two—year anniversary of the full—scale invasion of ukraine. at the start of that conflict, us enacted a slew of econom

welcome to newsday, reporting live from singapore, i'm steve lai.ith cancer. buckingham palace says he will continue with state duties but step back from public engagements during his treatment. the palace says the cancer was identified during the king's recent trip to hospital for an enlarged prostate but haven't said what type of cancer it is. america's top diplomat visits the middle east for talks, after the latest round of us strikes on iran—linked targets in the region. an australian academic is given a suspended death sentence by a chinese court. the australian government says it is appalled by the decision live from our studio in singapore, this is bbc news — it's newsday.

i'm steve lai. to the u.s. now, where markets have been rallying around nvidia s big earnings report. the company s been driving gains as one of the leading tech stocks and most valuable companies on wall street, and on thursday, it added $250 billion in stock market value. our north america business correspondent erin delmore has more from new york. nvidia fever is sweeping wall street and shares rose more than 16% thursday on the strength street and shares rose more than 16% thursday on the strength of street and shares rose more than 16% thursday on the strength of the street and shares rose more than 16% thursday on the strength of the companies earnings report and it came in after the bell on wednesday and handily beat estimates. it showed nvidia sales more than tripled in the fourth quarter and it shows that enthusiasm around artificial intelligence is the strongest ever. micro and ceo said ai has hit a tipping point and mr wong is said they're edging good to be in point of another variety and sending per

i'm steve lai. the headlines...d situation on the ground. conservatives are criticised after suspending an mp president zelensky reveals 31,000 ukrainian troops have been killed in the two years of war with russia. and thousands rally in support of former brazilian president, jair bolsonaro. he's hit back at claims he plotted a coup to stay in power. live from our studio in singapore, this is bbc news. it's newsday. welcome to bbc news. we begin in the middle east, where the israeli prime minister benjamin netanyahu has vowed to go ahead with an offensive in gaza s southernmost most city rafah — whatever happens in hostage negotiations. nearly 1.5 million palestinians are sheltering there. mr netanyahu s comments follow widespread reports that a framework for a pause in the fighting — along with the release of hostages — has been formulated by international mediators in paris.

i'm steve lai. in michigan's presidential primary. the south korean birthrate figures out shortly. how low will they go? and tiktok starts removing songs after the world's biggest record label withdrew permission for them to be used. thank you forjoining me. we start this hour in the us state of michigan, where polls will soon close in the presidential primaries. there's no mystery about the winners joe biden and donald trump will be the leading democrat and republican respectively. but the scale of mr biden's win is being closely watched. michigan has a high proportion of arab—americans who disapprove of the way he's handling the situation in gaza. and in a key swing state, that could be significant. 0ur north america editor, sarah smith, is in detroit.

welcome to newsday, reporting live from singapore, i'm steve lai.ling to protect children from online abuse. mr zuckerberg, you and the companies before us, i know you don't mean it to be so, but you have blood on your hands. the bbc investigates the impact a warming planet could have on those already working in unbearably hot conditions. there are hundreds of thousands of people who work in kilns across central and southern asia, for whom a tiny degree of temperature change can be the difference between life and death. ~ ., , , death. the white house is the islamic resistance _ death. the white house is the islamic resistance and - death. the white house is the islamic resistance and arrival. islamic resistance and arrival carry out the drone strike that killed three us soldiers in jordan we look at what the us response might look like. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in washington where the heads of some of the world's biggest social media companies were grilled by politicians in the us senate.

i'm steve lai. hong kong's financial chief has begun its annual budget address in parliament, he kicked off by saying the city's economic momentum must improve amid the tough global environment. he spoke about an increase in the number of tourist visiting the city. but when it comes to the property market, transactions have declined. here is the economic forecast for 2024 — 25. translation: ., . 25. translation: ., translation: economic outlook for 2020 for _ translation: economic outlook for 2020 for an _ translation: economic outlook for 2020 for an immediate - translation: economic outlook for 2020 for an immediate term, | for 2020 for an immediate term, the external environment remains complicated, jet political tensions will continue to impact international trade and capital hold and discussed restructured to global supply chain. sharply tighter financial conditions of the past two years will continue to constrain the rate of advanced economies, that said, the margin widely believes that a us f

i steve lai injakarta or as we look ahead to what a prabowo subianto presidency could look like.ers injured in kansas city after shots were fired during a super bowl victory parade. guys, guys, guys, guys, guys, guys, guys, guys, guys guys, guys, guys, guys, guys some guys, guys, guys, guys, guys some things going on. it happened a short time ago — this was the moment one tv reporter heard gunfire. we went out today like everyone in kansas city looking to have a celebration. the celebration was marred by a shooting today. we recognise that some are injured and we're praying for the safety of everyone. and israel's prime minister vows to press ahead with the offensive into rafah. the un warns a million people there are staring death in the face. let's start in indonesia, where prabowo subianto

i'm steve lai. to the us where we begin with markets have been rallying around nvidia's earning reports. the company has been driving gains as one of the leading tech stocks and valuable companies on wall street and on thursday it added $250 billion in stock market value. erin delmore filed this report. nvidia fever is sweeping wall street. shares rose more than 16% on thursday on the strength of the company's earnings report. that came in after the bell on wednesday and handily beat estimates. it showed nvidia sales more than tripled after the first quarter and showed enthusiasm around artificial intelligence is as strong as ever. nvidia's ceo said that al has hit a tipping point. mr huang himselfe is edging near a tipping point himself of another variety. this spike on thursday sent his personal wealth estimated 8.5 billion which put him on the verge of cracking into the world's top 20 wealthiest people. nvidia manufactures chips used to power ai technology that is the subject of so much excitemen

i'm steve lai.e begin with snap because shares of the social media firm are down more than 30% in afterhours trading. the snapchat owner missed wall street estimates for quarterly revenue, as it continues to struggle with competition from much larger rivals like meta and alphabet, which grab a much larger share of digital advertising. the disappointing earnings announcement comes a day after snap announced it would lay off 10—% of its staff.. the 528 employees who were sacked join the ranks of a much larger group of tech workers across the industry who've lost theirjobs since the end of the pandemic. i talked to tech expert dan ives earlier who had this to say about the current tech landacape. if you looked up disaster in the dictionary you would see their earnings, and there continues to be a drop off, they are the outside looking in, another black eye quarter for them,. in, another black eye quarter for them”- in, another black eye quarter for them-— for them,. the surge in tech lay-offs _ for the

injakarta, my colleague steve lai has the story.urrent president bos chief of staff says indonesia is what is known a middle income trap where it is struggling to get to the next level. he spoke to my colleague injakarta. we are trapped in this middle income — we are trapped in this middle income trap for 17 years, and there — income trap for17 years, and there is— income trap for17 years, and there is no— income trap for 17 years, and there is no sign when we can escape — there is no sign when we can escape from this trap. to me as a technocrat i think this is the — a technocrat i think this is the most _ a technocrat i think this is the most challenging problem we have at _ the most challenging problem we have at the moment. i think we would _ have at the moment. i think we would need six to 7% growth if we want — would need six to 7% growth if we want to escape this middle income — we want to escape this middle income trap. is we want to escape this middle income trap-— income trap. is low over the consummate _ income trap. is lo

let's get the very latest from jakarta with my colleague, steve lai.ally looking in favour. those contesting the results, the other candidates might feel differently about life is getting back to normal here. it is no longer a public holiday put up a i want to tell you about indonesia. it is southeast asia's largest economy and considered one of the fastest—growing economies. in the lead up to the election there was economic data that came out indicated the economic growth had fallen slightly to 5.05%. that was due mainly to contracting exports and falling commodity prices. that change in the year ahead under a presidency? we will have to wait and see but after surging ahead in the count yesterday he was in a confident mood when he addressed supporters last night. addressed supporters last niuht. , . ., , , addressed supporters last niuht. , _,y , , night. this victory must be the victory of _ night. this victory must be the victory of the _ night. this victory must be the victory of the people _ night. this victory must be the victory of the people of

i'm steve lai. we've been hearing about artificial intelligence for some time. well, this week, as the biggest mobile industry trade show gets under way in barcelona, companies are leaning into ai to try and boost phone sales. the biggest names in the business are showing off plenty of ai—powered features, including samsung. its flagship 524 range has all sorts of ai features, including the ability to circle an image or text on an app and immediately search it on google. xiaomi launched its flagship smartphone globally at the weekend. the chinese company found success in selling high—spec, low—priced smartphones, but is now pushing for more high—end products where the growth is — although it faces stiff competition from apple and samsung. huawei's spin—off honour launched a smartphone with the ability to anticipate users�* needs using ai technology according to the company. the recognition tech can analyse and make sense of messages and photos to understand the intention of users based on their daily usage the company says. honor has also been showing off techno

i'm steve lai. the us supreme court heard arguments in two lawsuits today which could shape the way america regulates social media. at issue are laws in texas and florida that put restrictions on how platforms like facebook, youtube and x police online material. our north america business correspondent michelle fleury filed this report. what can people say, hear or read online? for several hours, justices from america's highest court questioned aspects of legislation passed in florida and texas that limits what social media platforms can do to moderate content. now, these laws were introduced after the siege of the capitol onjanuary 6, which led to former president donald trump being removed from several social media networks. supporters of the law argued that it was necessary to prevent censorship of conservative users, a long—running concern among republicans. they argued that they were simply trying to regulate business behaviour, not the speech of these firms. but opponents, including netchoice,

i'm steve lai.face. the lander, nicknamed 0dysseus, touched down near the lunar south pole, where scientists hope there could be a source of water. but we are on the surface, and we are transmitting, and, ah, welcome to the moon. four people have died in a fire at a a residential building in the spanish city of valencia. president biden meets the wife and daughter of russian opposition leader alexei navalny ——as his mother says she's finally seen his body (sot the head of the us house china committee — mike gallagher — is in taiwan to meet with the president — in a show of solidarity with the island.

steve lai reports from jakarta. can't help but notice the number of young people. nearly half of the population is under the age of 30, but when it comes to employment, youngerjob—seekers are struggling. for those under the age of 25 the unemployment rate is i9%. indonesia needs to create millions of jobs for the labour force but i think what is more difficult is to prepare this young labour force to be able to respond to the new demand from the industry, from the economy. most of the labour force are not highly educated, they are not well trained. i am in a busy part ofjakarta where students from the university of indonesia like to hang out, and they are some of the lucky ones getting higher education. but even they have concerns about what the future holds when it is time for them tojoin the workforce. people say that our generation is the golden generation for indonesia, so i think the most important for the president is work and support the young generation of gen 2. everybody said we will create a gazillion new

i'm steve lai. let's start with australia where later this morning the central bank will review its benchmark interest rate. higher mortgage payments in australia are hitting savings and spending for low—income households, but the economy has also shown surprising strength. i spoke withjun bei liu from tribeca alpha plus fund earlier who gave us her outlook for markets and the economy this year. australian economy has been resilient, one difference between here and the us, the us is further along, and our central bank is more conservative and always looks at the us for guidance.- at the us for guidance. what are the key _ at the us for guidance. what are the key factors _ at the us for guidance. what are the key factors driving i at the us for guidance. what l are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? impact the economic outlook for the ear? _, ., . impact the economic outlook for the ear? ., the year? the e

i'm steve lai. nvidia has just reported its highly anticipated earnings for the final quarter of last year. and the numbers didn't disappoint, with revenue surging 265%. our north america business correspondent erin delmore joins us from new york with the latest. the leading chip maker in the us and the third largest company on wall street and expectations of the company for the third quarter earnings have been sky—high and here is the benchmark and they would report earnings in around $20.4 billion in revenue. but nvidia did better than that, earnings came in at around $5 per share and revenue $22.1 billion. in the company said revenue during this quarter would meet expectations. the company is riding high on the enthusiasm of artificial intelligence nvidia chips are used to power the ai models that are all the rage in the tech industry right now and that is why quarterly results give so much attention and looking to the performance for clues about how the ai boom is progressing in to hear nvidia p

reporting live from singapore, i'm steve lai.ecial forces rescued two hostages 10 days ago. we have a special report. the wars in the middle east and ukraine at the top of the agenda at a meeting of g20 foreign ministers in brazil. and we meet the 8—year—old who's become the youngest chess player ever to beat a grandmaster. voice-over: live from our studio in — voice-over: live from our studio in singapore, - voice-over: live from our studio in singapore, this. voice-over: live from our studio in singapore, this is| studio in singapore, this is bbc news. it's newsday.