but economic relations have not been forgotten. on tuesday, mr kishida sent a message to american business leaders that japan's economy is open for investment. he told a roundtable that he was keen for more collaboration on critical and emerging technologies like semiconductors and artificial intelligence. this comes as microsoft said it will spend almost $3 billion to expand its cloud and ai infrastructure injapan. translation: japan will look| to investment from the united states to push forward co—ordination in radical and emerging technology. economic growth our country obtained through your investments shall serve as a funding source for further investment in the united states by japanese entities. there is also focus on the fate of a takeover of us steel by japan's nippon steel.

forjapan, the merger represents a major opportunity to link up operations around the world, in an industry where bigger is better. but diplomatically, it's a sensitive issue because a takeover of the american steelmaker crosses over into election year politics for presidentjoe biden. that's according to corporate lawyer nick wall, from allen & overy in tokyo. he is in a difficult position here. the pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. he is in a difficult position. us steel shareholders vote on friday now expected to approve the deal, that is the first step in the process i understand. what are the different hurdles that the deal will have to go through for it to happen? it happens on friday and people expect it to go through. the threshold is not high so that should go through. there are regulatory steps and there are two main aspects of that.

first is antitrust. given that japan steel does not have a large us market share i expect it will be process the will get through. next is the approval. the authorities will look at us security and i expect that is where people think there will be more issues. given the nature of the product, steel and its military use and use in critical infrastructure you can see a construct where it is not able to get comfortable with the deal. the japanese prime minister is keen for this deal to happen. if the deal were to happen what would it mean forjapan and the united states? it has become political. it is a big sign of a strong relationship between the us and japan. obviously it is also important for the auto sector.

as you know for both the us economy and the japanese economy the carmakers are a part of that. there is a lot of concern on the concentration of the market and how that will affect prices going forward so i expect many automakers are keen to see the deal go through in terms of balance and market and also a large source of the demand in the us will be from japanese automakers in the united states so i think they will also be keen to see this. now if you thought the only way interest rates in the us are going is down, think again! the boss of one of the world's biggest banks has warned they could climb to 8%. in his annual letter to shareholders, jamie dimon, the head ofjpmorgan chase, said his bank is prepared for interest rates to jump because of "persistent inflationary pressures".

central banks around the world have been busy raising rates in a bid to dampen rising prices. but with us inflation gradually easing, the overwhelming expectation is for the federal reserve to cut rates this year. markets are pricing in two quarter—point rate cuts in 202a. in the middle of this uncertainty it's perhaps no surprise that small businesses in the world's largest economy are not feeling too optimistic. the latest survey of small businesses in the us shows that confidence among them slipped to the lowest level in more than 11 years in march. a quarter of the owners said inflation was their single most important concern. from small businesses, to aviation giants. three months after a door plug blew off a boeing plane mid—flight, the us airplane maker is facing increased scrutiny. now, the federal aviation administration is investigating a whistleblower�*s claims that the company took shortcuts that impacted quality and safety. our north america business correspondent erin delmore has more on the story.

a former boeing employee who worked on the 787 accused the company of cutting corners during production and overlooking engineering problems that could weaken the plane's structural integrity. boeing dismissed the claims as inaccurate and reiterated confidence in the 787 dreamliner. meanwhile the company delivered its lowest number of planes in the first quarter of year since 2021, just 83 planes down from 157 the quarter prior. boeing executives say the company is slowing down production so that it can improve quality control. but delivery delays are sparking criticism from customers who have little choice to fulfil their needs. boeing and airbus dominate the us market. boeing's shares dropped on tuesday to their lowest point in five months. now let's turn our attention to artificial intelligence because competition is heating up to develop the technology that will power the next stage of the ai revolution. intel has unveiled a new chip — the gaudi 3 — that aims to do precisely that.

the tech giant said the chip is capable of training specific large language models 50% more quickly than nvidia's h—ioo processor. intel has struggled to challenge nvidia's dominance in semiconductors that power ai. you may have heard of the language, esperanto, aimed at making international communication easier, with everyone able to speak it, alongside their mother tongue. well, it didn't really take off. but now, thanks to ai, conversing in another language, or as many as you like, is no longer a challenge. here's james clayton. all speaking different languages. the world is more connected than ever. conversations with anyone, anywhere are just a click away. there'sjust one problem — we don't all speak the same language. i really, really wish that i could, but unfortunately i can't speak any other languages fluently other than english. speaks mandarin.

speaks french. what if i could speak polish? speaks polish. thanks to new ai apps though, i can give at least the impression of being able to speak pretty much any language. this one is called heygen. so i'm going to speak like this. i do a quick video of myself, upload it onto heygen and wait. and then out pops a video of me speaking the language that i chose, in this case spanish. speaks spanish. and here's the really cool bit — when omar, the producer on this piece, got into the shot, it detected his voice was different to mine and translated his voice too. you are in shot, my friend. speaks spanish. i've actually managed to fool some friends using this. it really is impressive.

in london, one company called synthesia is using this kind of tech to translate ai generated corporate videos into any language. many of these companies, of course, have divisions all over the world whom they need to, it's a sales force maybe that they need to train, right. and with this tool that can create the base material in english, they can then translate it into different localities. but the company's founder says the tech has other benefits, too. we're seeing that with ngos all over the world where they can produce video content instead of written content for people who may have a difficult time reading and will do it in local languages. sojust this kind of dissemination of information in people's native language via video and audio, it's very, very powerful. as it gets easier and easier to change the words that come out of our mouths, there's also a worry that this kind of technology could increase the amount of misinformation on the internet. but when it comes to translating educational videos or sending a message to someone in their own language...

speaks german. james clayton, bbc news. sebelum kami jalan. .. i mean, before we go, hsbc is selling off its business in argentina at a $1 billion loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. annual inflation there hit more than 276% last month, the highest in the world. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group. in the markets japan's nikkei is down 0.27% as investors wait for major us banks to kick off the earnings reporting season this week. many stock markets in the region, including singapore, indonesia and india are closed for eid al—fitr, it is one of biggest celebrations on the islamic calendar.

we wish all of you celebrating a very happy selamat hari raya.

hello. i am steven with the catch up. tonight, champions league security, harry styles tour guides and a goat invasion. we are starting with this week's champions league matches and heightened policing at stadiums after concerns about security. it follows threats on social media by a channel that supports the islamic state group. one of the places mentioned is the emirates where arsenal play. police say they have a robust plan in place to keep people safe. security is also stepped up at stadiums in france and spain. there is no threat to

any specific matches. the uk terror threat level is still at substantial meaning an attack is likely. some other stories now and louise thompson from made in chelsea has revealed she has been fitted with a stoma bag. she was diagnosed with ulcerative colitis a few years ago. the stoma collect body waste through an opening in the stomach and in an insta post she said it is not glamorous but has saved her life. and if you are a harry styles fan, this is probably your dream job. the village in cheshire where he grow up is looking for tour guides for the thousands of fans who visit. you must be over 16, have good harry knowledge and be able to treat people with kindness. and time to leave you tonight with ten seconds of a goat invasion. yes, these guys are back and causing trouble in north wales. they have beenjumping into gardens and nibbling away at some of the hedges.

i wouldn't mind visiting to have a look myself. you are all caught up. have a great night. hello and welcome to sportsday. i'm olly foster. there's nothing to separate manchester city and real madrid as they serve up another champions league classic. all square in the other quarter—final as well, as arsenal fight back against bayern munich. and the countdown to the masters. we hear from tiger woods on his love of augusta and who he thinks will win this year.

everything is in the balance after the first legs of the first two champions league quarterfinals, two incredible matches at the bernabeu and the emirates stadium. arsenal fighting back to draw 2—2 against bayern munich, and manchester city, the european champions, pegged back twice by real madrid, that was also a draw, 3—3. our senior football reporter ian dennis was at the match in the spanish capital. an enthralling game and a fluctuating contest with fantastic goals. bernardo silva's quick thinking fired city ahead with a second minute free kick but real madrid responded and rattled in two quick goals. one deflected off ruben dias and after a counter—attack rodrygo rolled in a second. in the second half, manchester city scored twice in a five—minute period. foden lashed a leveller into the top left—hand corner and gvardiol with a curling effort, his first for the club. however, 11 minutes from time valverde with a volley

and a spectacular shot and we were square again.