of hybrid working are a boost for the industry. hi there. welcome to asia business report. constructive economic engagement — that is what australia's prime minister anthony albanese has pledged in shanghai on his four—day visit to china. the two countries which share significant trade are seeking to thaw icy relations after several years of tension over trade and technology. there seems to be a breakthrough in some spots. here is what the australian leader had to say. the government that i lead will continue to work constructively with china. as the business people in this room understand so well, it is in all our interests to have a relationship where there is dialogue and cooperation. later today he will be meeting president xijinping

and the premier. michael clarke is an expert on australia—china relations from the university of technology sydney and i asked him what prime minister albanese�*s priorities are in china. the key goal certainly on this visit and in the near term is what has been termed stabilisation of the bilateral relationship, so what this means in practice i think is, from the australian perspective, is achieving some short—term wins in a way, so further winding back on a number of the efforts of trade coercion and economic coercion that china imposed around three years ago on australia on a range of australian commodities. so that is kind of the short—term goal for the prime minister. how much of an impact did those trade tarrifs have on australian economy and businesses? the majority of the trade tariffs really targeted what you might term discretionary items within

the bilateral relationship. you know, live lobster exports, the — some australian wine industry as well — and obviously the big areas of bilateral trade weren't hit, so, of course, australia's large natural resource exports to china, iron ore and coal in particular. so, the australian economy did reasonably well in terms of absorbing some of those efforts of coercion. now, obviously individual industries that were targeted suffered considerably, yet one of the outcomes of china's attempted coercion has been a concerted effort i think by a range of australian businesses to diversify away from the chinese market as a means of mitigating the risk of this kind of development moving forward. in other news, here in singapore, the country's long—serving prime minister lee hsien loong said he will step down as the leader

of the ruling people's action party before the next general election which is due before november 2025. the pap have led the country since it gained independence in 1965 and its original leader, the current prime minister's father, lee kuan yew, is widely credited as establishing modern singapore, seeing it become a prominent asian financial hub. pm lee confirmed the deputy pm lawrence wong will be a new sworn—in leader. schools across india will remain closed for another five days as delhi is smothered by a grey, polluting smog. secondary schools have the option of shifting to online classes. delhi's air quality index has been at severe plus level for six consecutive days with no sign of improvement.

industry traffic and double burning by farmers in neighbouring states makes delhi one of the most polluted cities in the world. the union representing thousands of hollywood actors says it has received a new offer from studios to try to end the strike which started back injuly. actors are seeking assurances that their ai digital likenesses will not be used without their permission. the production companies described this as their last, best, and final offer. the union said it was reviewing the proposal. the strikes are thought to have cost the californian economy at least $6 billion. this week, the co—working giant wework is expected to file for bankruptcy, according to reports, as it struggles with massive debt and hefty losses. it has raised questions about the future of working spaces and indeed whether workers will be returning to the office or continuing with remote working. the company's industry peer, iwg, says that despite wework�*s troubles it is a robust time for the industry as more companies turn to the hybrid

working model to save costs. let's hear more from mark dixon. the impact has been very significant. companies have seen savings of up to 50% in the cost of supporting workers and that in what is a difficult economy at the moment is a really significant saving. so, where does that cost cut come from, in your view? is it because they managed to maybe reduce their office space? overall, the savings come through companies reducing space, and you can see many large corporations reducing their fixed space by at least 50% and them supporting their workers on a flexible platform such as ours where we have 3,500 buildings globally that can be used at any time, and these buildings increasingly are close to where you might live. what about the impact on productivity, though? because here in asia a lot of companies have their workers

back in their office, and some of the managers may argue that having people working at home may not result in the best productivity, given they could actually get disturbed by other things at home. very few people can work from home productively for the very reasons that you say — interruptions and a lack of discipline that can come up from people working from home. but what we are seeing is companies and people deciding to work close to where they live. so, they are going to an office building — what do they want? they want a social environment. they want to meet other people. they actually want to leave home and go and work somewhere else. it is just that the working somewhere else is not an hour away, a half an hour away. it's ten minutes away, and that is really the difference — is the convenience of work that workers are looking for and that allows companies to reduce their costs, and overall productivity

actually goes up. it doesn't go down. but managers have to manage properly. i think it's wrong to say that just because you have people in a building, somehow they are efficient. that is not the case. the pandemic has also affected children and their education. it has meant that two—thirds of the world's poorest countries ended up cutting their public education budget which resulted in millions of children and young people having little or no access to any forms of schooling. sally mandock spoke to the executive director of education for all foundation about what needs to be done. from covid on, investments in education have gone down generally across the globe. the only place where it has picked up again is actually in the lowest income countries, so what we now face is something like a $97 billion—a—yearfunding gap for education across the globe.

i think in general as the poorer countries have looked at where they are in the overall economic picture globally, they realise how far behind they are, how far they have to go, and there is plenty of data that shows that investing in education makes a huge difference to where you are, notjust as an individual or a family, but as a nation. i think less and less we need to do that because in terms of the partners, what we do know is that increasingly parents understand the value of education and we do know that some of the highest price on a per—capita basis, paid education is paid by some of the poorest people in a relational way, so, that doesn't seem to be the issue. i think the issue is more along the lines of encouraging governments to understand that the long—term investment

in education is about the future. and that is a really difficult sell because politicians are worried about the next two or three years, or even perhaps the next two or three months, and the investments in education need to be long—term. south korean currency up 4% today after the biker financial authority saying on the weekend they will reimpose the ban on short shall —— dark short selling shares until the end of june, design deliver what they say is entitled playing field between institutional and ordinary investors. 0n large cap companies, shorting involves a benefiting when a stock falls by betting against it. and before we go, let's take a look at what we will be watching this week because on the economics calendar there is data due from south east asia. later today indonesia will release growth figures

for the third quarter. household spending contributed to growth in the second quarter. and on tuesday china will release trade data for october and analysts will be paying particular attention to exports figures for any hint of post pandemic demand recovery. that is it for this edition of asia business report. thank you so much for watching the programme. voice-over: bbc news, - bringing you different stories from across the uk. everyday frontline policing. officers in a peterborough assaulted, racially abused, and spat out. this is an incident where a gentleman had a screwdriver in his hand. we believe he posed a risk to us at the time. the pc had only been in thejob two weeks when he was racially abused.

being pushed, punched and even kicked. it has an effect on your mental health and you seem to think about it 24/7. it does not leave your head. another team is called to a suspected driving and drug offence where searching suspects can be a flashpoint. i have been punched, i have been— kicked and spat out, - bitten to the point where it gone through my skin. i have been stabbed in the lake with a pair of scissors - and i think it is only- getting worse, to be fair. with attacks on officers on the rise, could senior police do more? they are encouraged to report these assaults. the onus is on the supervisor to make sure they do that. it shows officers can face challenges anytime of the day, any day of the week. voice-over: for more - stories from across the uk, head to the bbc news website. voice-over: bbc news, - bringing you different stories from across the uk. there's a new tea craze in london.

this is chai, india's most beloved tea. chai is made by brewing black tea and adding different spices, sugar, and milk. in india, chai is a way of life. it's the drink for every occasion — morning, afternoon or night. this one street in walthamstow has five chai shops and four of them opened in the last year alone. we've got 4 million customers coming every day. it's like costa or starbucks for them. mainly, they are asian people, originating from india, pakistan or bangladesh. in the recent couple of years, we've seen a surge in other people as well. we've seen british people coming in, people from all ethnicities. as manyjoin the trend, only time will tell if london's love affair with chai will be here to stay. voice-over: for more - stories from across the uk, head to the bbc news website.

voice-over: bbc news, - bringing you different stories from across the uk. this is dawn. names to mark a new era of uk technology. it's the country's fastest ai supercomputer and housed in a high security data centre at the university of cambridge. you can barely hear yourself thinking here. this is a 95 decibels of noise, you have to wear earplugs for safety, but that's the sound the system which caused this computer. we have 7000 processes performing 19 million, million calculations per second. the generations a lot of heat, this. ~ , ., this. why do we need it? without _ this. why do we need it? without the _ this. why do we need it? without the ai _ this. why do we need it? | without the ai capability, science is held back. the good cancer research, cancer has been driven by genomics, huge data. we can't process whereas researchers like this,

researchers like this, researchers can process hundreds more data. one of the bi est hundreds more data. one of the biggest challenges _ hundreds more data. one of the biggest challenges we _ hundreds more data. one of the biggest challenges we face - hundreds more data. one of the biggest challenges we face is i biggest challenges we face is climate — biggest challenges we face is climate change and we've been struggling miyu kato, with the computer and capacity to tackle the challenge. we've taken huge data, _ the challenge. we've taken huge data, observations on the planet. _ data, observations on the planet, from satellites, drones. _ planet, from satellites, drones, on centres, and for those — drones, on centres, and for those decabit insights based on numbers — those decabit insights based on numbers. ., ., numbers. the government had invested £100 _ numbers. the government had invested £100 million - numbers. the government had invested £100 million and - numbers. the government had invested £100 million and this| invested £100 million and this is phase ib critics argue it is not enough to keep up with the silicon valley companies. v0|ce—0ver: for more stories from across the uk, head to the bbc news website. hello. i'm 0lly foster and these are your sportsday headlines. it's a virat happy birthday — kohli hits another world cup century as india wins again. there's a crucial goal and an even more important message from liverpool's luis diaz. and novak djokovic keeps the unbeaten run going as he wins the masters

in paris for a seventh time. well then, welcome along to sportsday. can anyone beat india at the cricket world cup? there was another statement win from the hosts, today, as they thrashed south africa, the teams closest to them on the table. virat kohli, on his 35th birthday, equalled the record for most one—day international centuries. his 49th 0di ton, matching the great sachin tendulkar. he was unbeaten on 101 in their score of 326—5. his individual score would have been enough by itself to win the match. south africa's chase started very, very poorly. the tournament's top scorer, quinton de kock,