hello and welcome to asia business report. i'm steve lai. we begin in taiwan, where rescue efforts are under way a day after a violent earthquake killed at least nine people and injured more than 1,000. on an island that produces more than half of the world's semiconductors, there's also been disruption to the chip—making industry. tsmc says employees are returning to work after the chip—maker evacuated several of its factories in the city of hsinchu in southern taiwan. the company has said there's been no damage to its critical tools. marco mezger is the co—founder of memory chip technology company neumonda and he says this time around taiwan's earthquake preparedness protected its high—tech industries. the first reports what we are seeing right now is also that there is no major damage or disruption on the production. tsmc is talking at the moment

about, what, six hours�* disruption, around about $60 million damage. that was the statement what they have given yesterday, but given the fact that i think these machines are highly sensitive and they need to be checked very carefully in order to make sure that the wafers produced there are coming out in high quality. when you think about the share of advanced processed notes for the foundry business, this is more than 65% for the world's production, is basically on this island. ai servers — 100% for the usa is produced in taiwan. so i think in this regard, taiwan has learned from their devestating earthquake in 1999, which was 25 years ago, where there was a power outage for almost one week before they could turn back. this has not happened yesterday. so taiwan was better prepared to cope with the situation. given there is so much chip—making that happens in taiwan and it plays such

a sort of an outsized role in the chip—making industry, do you think this will give other companies pause for thought? that, you know, diversifying or having chip facilities outside of taiwan may be more, increasingly important? well, steve, we have seen, in the last couple of years especially, during and after the pandemic, that geopolitics has been the driving force in regards to reshoring or relocating capacity. so in my personal opinion, i think already, i mean many years ago we would have to think about where we have, like, manufacturing of semiconductors, so it's concentrated in taiwan, it's concentrated injapan. they are pretty well known for challenges in regards to natural disaster, right? so you have typhoons, you have earthquakes. but the driving force at the moment, why these factories have to move in other regions of the world — to europe, to south—east asia, and others — is not a natural disaster. it's driven by geopolitics.

well, speaking of diversifying semi—conductor production, the world's second largest chip—maker, sk hynix, has announced it will invest nearly $4 billion in a facility in the us state of indiana. the new plant will include an advanced production line to manufacture the next generation of chips, which will be used to train artificial intelligence models. us treasury secretary janet yellen is due to arrive in china on thursday, her second visit to the country in just nine months. yellen is scheduled to meet top chinese officials, including premier li qiang, as well as representatives of us companies operating in china. the us treasury department says her discussions with chinese officials will highlight what washington describes as "unfair trade practices". the trip comes after president biden spoke with president xi in a phone call earlier this week. frank lavin is a former

us trade negotiator and he says there are signs of stabilisation in relations between the us and china. well, i think there's a little bit of stability in the relationship over the last few months. china's economic growth has tapered off a bit, and they're grappling with a housing crisis as well. so i think there's a little more willingness on china's side to look for ways to improve the relationship with the us, and i think the us has somewhat the same incentive, that a relationship that is only negative is not that appealing and there needs to be some kind of positive channel amidst all this negativity. yellen seems keen to keep communications going. what will be her main priorities for this visit? i think the trade issues and climate issues will be the two points she'll try to make. but i think the broader point is just as you described it, that we cannot have a relationship that is entirely characterised by ill

will and criticism. there has to be some positive channel going. there are several bones of contention. yellen wants to talk about the green energy front. why is this a concern? i think we will see this concern in the coming years because china's got extraordinary electric vehicle production capacity and lithium battery production capacity and us and i think europe is in the same position, does not want to see their economies dominated or at risk of a significant spike in imports from china. so there is a concern about is china going to ramp up its production and is it going to go global in a very aggressive way, the way it might have done 30 years ago with the steel industry, steve? are you optimistic that this trip will set the relationship heading in a better direction? i do think there's a little bit of good news here. i don't think it's a positive relationship but it's a baby step ahead. relationship but it's a baby step ahead-— relationship but it's a baby ste ahead. . ., , ., ., step ahead. that was a former us trade negotiator _ step ahead. that was a former us trade negotiator for - step ahead. that was a former us trade negotiator for china i

us trade negotiator for china and india, frank lavin. the world bank has upgraded the growth rate for india in 202a. but that's likely to come down next year below estimates of india's central bank. the bbc breaks down the good and bad. 0n on paper, india remains one of the fastest—growing economies in the world, well on track to overtake france and germany and become the third largest economy in the next three years. this report card is being sold by prime minister narendra modi's government as elections near. they arejust two weeks away. the world bank in its report said south asia is expected to remain the fastest growing region for the next two years and india form the largest chunk of that, but it also cautioned that countries need to boost private investment and strengthen employment opportunities, both countriesly big concerns in india. the international labour 0rganisation says unemployment in the country educated youth

has doubled from around 35% to 65% between the year 2000 and 2022 and also as a proportion of the gdp, private investments have fallen to i9% in 2020—21 from a peak of 27% in 2007 to 2008. and notjust that. according to the world inequality database, inequality inequality database, inequality in india has widened to a 100—year high. coming back to the numbers, there are some bright sparks but in order to maintain that, experts say that more robust economic policies need to be adopted and also sustained. google, the search engine used by more than a billion people around the world, is reported to be considering charging for premium content generated by artificial intelligence. according to the financial times, the company, is revamping its business model and looking at putting some of its core product behind a paywall. it would be the first time google had charged for any of its content. google said it did not have anything to announce right now.

and staying with artificial intelligence, billie eilish, pearljam and nicki minaj are among more than 200 artists who've signed an open letter to tech companies and ai developers calling for an end to predatory use of artificial intelligence in the industry. 0ur north america business correspondent michelle fleury has more from new york. to billie eilish, ai is the new bad guy. to katy perry, it is time to rise. a growing number of musicians are worried companies are training ai models to replace human artists. more than 200 of them have joined with the artist rights alliance, a nonprofit to demand protection against ai. in an open letter, they acknowledge the creative potential of ai, but called on tech companies and developers to stop using it to infringe upon, and devalue, the right of human artists. a year ago, a supposed collaboration between drake and the weeknd went viral. it was actually an ai song made by someone called ghostwriter. last month, tennessee became

the first state to pass a law to protect artists from using al to copy an artist's voice without permission. country music star luke bryant was at the bill's signing. stuff comes in of my voice, on my phone, and i can't tell it's not me. securing protections from al was a priority for striking actors last year. now it is musicians who are raising their voices. i think the musicians who will be most affected by ai are working—class musicians, even technical roles like mixing and production, which could be replaced by computers if they were so trained. so, yeah, i think it's good that these superstars sort of lend their voice to this argument, because it will affect those who don't have that kind of power. those who signed up to this letter span musical genres and eras, from katy perry to nicki minaj and stevie wonder as well as the estate of frank sinatra and bob marley.

disney shares ended the session down about 3%. that's after the entertainment giant won a boardroom battle against critics. activist investors, including nelson peltz of trian management, had sought seats on the company's board of directors, which they said was too close to disney's leadership. but a majority of shareholders voted to maintain the company's current board. and that's it for this edition of asia business report. thanks for watching.

hey, i'm zoph with the catch up. tonight, the earthquake in taiwan. lizzo is here to stay and a cute baby antelope. we start with gaza, where families are paying tribute to the three british victims of an israeli air strike. john chapman, james henderson

and james kirby were among the seven world central kitchen workers killed in monday's strike. israel said it was unintended and promised to investigate. kirby's family described him today as a hero. people were telling him this could be very dangerous for you, but he knew the dangers. he was selfless in that regard, and hejust wanted to help people. next to taiwan, where rescuers are trying to reach dozens of people trapped after a 7.4—magnitude earthquake, its most powerful in 25 years. at least nine people have been killed and hundreds more injured. some other stories now. an advert posted by katie price on instagram which promoted a low—calorie diet for the skinny food co has been banned. she posted the video in august where she showed her meals adding up to only 755 calories a day. and you may remember last week lizzo said "i quit" as she was fed up for being targeted for her looks

and character online. but good news for her fans today. she's confirmed she isn't quitting the music industry. she's just quitting giving any attention to negative energy. and time now for 10 seconds of the cutest tiny antelope called twiglet, arriving at a zoo in worcestershire as part of an international breeding effort to protect the species. she's absolutely tiny, measuring in at 10 inches tall. just adorable. and you're all caught up now. see you later. hello and welcome to sportsday with me tulsen tollett. arsenal move back to the top of the premier league table with victory over struggling luton. phil foden makes it a hat—trick as manchester city continue

to apply pressure on title rivals arsenal and liverpool. and we hear form the women in football balancing being a mother and playing in the wsl. it's tough, you know. you miss parents' evening. you miss shows that she's doing and that's when you start to question what are you doing. hello there, and thanks forjoining us, where we start with the news that arsenal have moved back to the top of the premier league, above liverpool, after a 2—0 win at home to relegation—threatened luton town. gunners captain martin 0degaard opened the scoring in the 24th minute and an own goal from the visitors just before half—time was enough to earn the hosts all three points. we started the game well. i think the first half we had our moments and conceded

nothing and scored two very, very good goals