american tech giant amazon unveils a range of new ai—related products to challenge its rivals in the market. plus — un climate talks begin this week, but can it achieve much with the oil—producing giant uae as its host? hello and welcome to asia business report. i'm arunoday mukharji. our top story this hour is amazon, because the american tech giant has unveiled its own ai assistant called "".0 meant to help its business customers, the chatbot, which will cost $20 per month, can summarise documents, manage cloud services, and power business apps. but that wasn't the only new release from amazon,

as the bbc�*s michelle fleury reports from new york. amazon announced 0 a new chat bot for people to use at work. there seems to be a dispute over where the name came from. some say it's 0, after the character from the james bond movies. others say it's 0, a character from the star trek tv shows. either way, this is a big deal. amazon may not have built chatgpt, but it now has its own generative ai helper. which is designed to assist employees with daily tasks, whether it's answering questions about company policy, to coding, to summarizing strategy documents. crucially, though, it will compete with other corporate chat bots, including microsoft's copilot and google�*s doitai. now, the tech giant also unveiled new ai. chips at its annual developer

conference in las vegas, where also taking the stage was the boss of chip—maker in nvidia, a sign of the deepening relationship between these two. amazon said that as well as its own ai chips, it would offer customers access to nvidia's latest chips. why? well, amazon is trying to reassert its dominance of cloud computing and is hoping that this will give it an edge over rival microsoft. staying with the us. where chinese fast fashion giant shein has reportedly filed for an ipo in the us. chinese electric car—maker zeekr also very recently started the process to sell its shares in america. but it wasn't long before when tensions between washington and beijing made chinese shares sales in the us seem impossible. remember, just last year, chinese ride—hailing giant didi was forced off the new york stock exchange. is that changing? well earlier i spoke to gary dvorchak from the blueshirt group, which advises businesses on how to list in the us and china. interestingly, there's been a flood of chinese companies

listed in the us. they have made relatively invisible because it's small companies. so, i would say companies that would be under 100 million and under market gap raising five or ten or $20 million, under market gap raising five orten or $20 million, most people aren't realising over a0 companies have listed in the us this year. the biggest deal is those are the micro caps, as we call them, that the big companies have not been coming to market yet. we had one large deal at the beginning of 2023, but other than that most of them have been sitting on the sidelines waiting for the right market commissions. find sidelines waiting for the right market commissions. and what benefits to _ market commissions. and what benefits to these _ market commissions. and what benefits to these companies i market commissions. and what| benefits to these companies get from liston in the us? it’s from liston in the us? it's onl a from liston in the us? it's only a benefit _ from liston in the us? it's only a benefit for- from liston in the us? it�*s only a benefit for certain type of companies. so, any company, typically following in the category of tech companies are consumer companies or possibly

renewable energy companies if they salisu providers around they salisu providers around the world and need to be perceived as it big company, a us listing could go to a long way towards reinforcing that branding, if you will. 0ne way towards reinforcing that branding, if you will. one of the earliest sets of companies in the us were solar panel companies, and there are several still listed in the us, they sell solar panels or underworld i need to perceived as global stop lots of tech companies are selling products around the world or if you look at somewhere like shein, e consumer company, and it makes sense for them to not be perceived as a domestic chinese company. i would perceived as a domestic chinese company. iwould point perceived as a domestic chinese company. i would point out the contrast is with someone like ally baba, who 50 years ago when listening to us and is hundred hundred percent a domestic company.

before we go... here's one other business news making headlines this morning... charlie munger, the vice chairman alongside warren buffett at the american conglomerate berkshire hathaway, has died. he was an investing legend who had amassed a net worth of about $2.3—billion—dollars. in a statement, mr buffett said berkshire hathaway could not have been built to its present status without charlie's inspiration, wisdom and participation. mr munger was 99 years old. to news about the environment now... a bbc investigation finds that toxic pollutants released during gas flaring pose a lot more risks to people

than previously feared. flaring is the burning of waste gas during oil drilling — and the united arab emirates had banned the routine use of it 20 years ago. but satellite images show it is continuing. that's posing more questions about the effectiveness of the cop28 un climate conference hosted by the uae, a major oil and gas producer, as sarah colenbrander from the 0di think tank told me. this is a new mechanism under the claimant regime, where countries have to come together every five years to assess their process under global climate goals. where fettered for our first review which has a strong statement about what needs to happen climate catastrophe but now we're into political phase where countries have an opportunity in dubai to look at their commitments. so execs looking at quantitive timelines and targets which will help get warm and well below two celsius. irate will help get warm and well below two celsius. we were speaking — below two celsius. we were speaking about _ below two celsius. we were speaking about one - below two celsius. we were speaking about one of - below two celsius. we were speaking about one of the l speaking about one of the largest oil and gas entities in the world being there, how do you see that in terms of making progress? it you see that in terms of making rouress? ,., you see that in terms of making progress?— progress? it poses a risk and it's a the _ progress? it poses a risk and it's a the claimant _ progress? it poses a risk and| it's a the claimant community when they were concerned that they became clear that the uae were hosts of cop28 and they would appoint a oil exec to

lead a negotiations process. the oil industry has been far too many cases not engaged in good faith in response to climate change and a bbc investigation from a few days ago revealed leaked documents showing the cop28 team were in fact planning to use their meetings around the world as an opportunity to strike oil and gas deals, so it seems the early concerns raised by the claimant committee have proven well—founded. plenty of discussions will take place at the climate meeting that's about begin, including ways to limit the amount of carbon dioxide we release into the air. but what about the c02 that's already in the air? well, there is a wave of technology being developed to tackle just that. adrienne murray reports from iceland. trillions of tonnes of greenhouse gases have already been pumped into the atmosphere. but what if we could put some of that carbon back where it came from?

this otherworldly landscape is 30 kilometres from iceland's capital, reykjavik. it's home to a project capturing c02 from the air and turning it into stone. called 0rcutt, the plant is owned by swiss firm klein works and consists of eight container sized modules. this is the world's first direct air capture and storage plant in existence, so it's the only one that's operating on a commercial level. it is a plant that captures carbon dioxide directly from the atmosphere. fans draw air across a special filter which separates the c02. it's then heated to 100 degrees and sent to a processing hall before it's piped across the partnered carb fix for storage. direct air capture is expensive technology. these machines need round the clock power to remove a000 tonnes of c02 a year. that's similar to the emissions

of 900 petrol cars, so not an awful lot. this is the first of its kind, but it is here to prove a point that this is commercially viable. now our plan is to scale up because we need to be capturing at gigaton levels by 2050. and in order to do so, we need to start now close by. we need to start now. close by, a new installation is being built called mammoth. it's almost ten times bigger. big tech firms are among the clients and individuals who sign up online. though climb works insists this is no silver bullet. we are not here to replace the reduction of emissions. we need to be active also in cleaning up all the mess that we've been making since the industrial revolution. dozens of new technologies are trying to do that, but so far these efforts are tiny. we both need to mitigate as much as we can, and then we need these removal techniques.

but they're definitely not at that scale yet. there are many limitations that are mostly about land use, scalability, price, resource use as well. carbon removal may seem like a moonshot, but if it can be scaled up, it could yet prove to be a crucial weapon in the fight against climate change. will be checking cop28 closely on the bbc, and a look at the markets, the dow has been up a bit because of icons by the banker at the fed, which says it might be done with it rate hike cycle and in a better position to tackle inflation, which is clearly boosting investor confidence which is reflected in the figures with the dow closing. that is all for the moment on asia business

report, you can find more on the bbc news website. thank you for watching. bbc news bringing you different stories from across the uk. locals say they live here for the countryside, the wildlife and the peace. but that could change as a new prison is set to be built here. kevin bowden has lived in gayatri for over 20 years. my concern is when i get up in the mornings and open my curtains, i'm not going to see the fields behind me with the sheep and the wildlife. i'm just going to see a wall of prison. plans were first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by harborough district council. however, that refusal has now been overturned on appeal by communities secretary michael gove. i'm astounded at this decision. i think it's completely

the wrong decision and it's one the wrong decision and as one member of the public described it to me this morning. they see it as a slap in the face for democracy. it's always been the wrong place. these are country lanes, a country area where they're trying to facilitate this. a spokesman for the m0] said that the decision at gayatri is critical to delivering the 20,000 extra places we need to keep dangerous offenders off the streets, and it'll boost the local economy by creating hundreds of new jobs. protesters here say they'll fight on. they're calling for a judicial review. for more stories from across the uk, head to the bbc news website. hi, i'm ellis with the catchup. tonight, trapped under workers rescued, the solar system's most dangerous rock and dolphins.

but first, the first flight between the us and the uk by a passenger plane powered only by alternative fuels, has successfully ta ken place. this virgin atlantic plane flew from london's heathrow to new york's jfk airport. it was powered by so—called sustainable aviation fuels. these can be made from crops, household waste and cooking oils. the flight has been supported by government funding. airlines hope it's going to show a greener way of flying. is possible. some other stories now, all a1 construction workers who became trapped in a tunnel in northern india after a landslide on the 12th of november have been rescued. the men were mostly in their 20s. they were taken out one by one by a pipe which was inserted through the rubble. next, it's been described as the most dangerous rock in the solar system. now, fragments from this asteroid scooped up by the us space agency nasa, have arrived in the uk for study. experts say the asteroid called bennu has a chance

of hitting our planet in the next 300 years. and england and man united to mary earps has been voted by bbc women's footballer of the year, despite the lionesses falling short at the women's world cup in the summer. earps has become something of an icon. time now to leave you with 10 seconds of dolphins. a lifeboat crew in scotland got a surprise from these dolphins during a training exercise just off girvan harbour in ayrshire. you're all caught up. bye for now.

hello and welcome to sportsday — i'm sarah mulkerrins a controversial late penalty against newcastle keeps paris st germain�*s champions league destiny in their own hands proud mary, earps has become the first goalkeeper to become bbc women's footballer of the year and the rocket reels off six frames in a row to reach the second round of the uk championship