the international monetary fund sees a further slowdown in china, as it grapples with an ageing population. we'll have more from the imf�*s asia—pacific boss ahead. hello and welcome to asia business report. i'm steve lai to our top story today — binance founder changpeng zhao was sentenced to four months in prison after pleading guilty to money laundering charges last november. a us judge faulted the crypto kingpin for putting growth and profits before complying with u—s laws as the bbc�*s north america business correspondent michelle fleury explains. ordered to spend four months in prison for a failure but allowed cyber criminals and terrorist groups to trade on the roads largest cryptocurrency exchange. he pleaded guilty to one count of violating the bank secrecy act

and resulting in a multiyear investigation by the us government into the worlds largest cryptocurrency exchange binance. as part of the agreement, he stepped out of the ceo and founder apologised to the court in seattle singles company had now put in place anti—money laundering controls and is watched by his mother and is watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors are demanding less than 12 to 18 months recommended underfederal recommended under federal guidelines. once recommended underfederal guidelines. once considered the most powerful person in the crypto industry is the second major crypto boss to be sentenced to prison. in march, he received 25 years behind bars for stealing $1 billion from customers from his now bankrupt exchange. but binance is still the biggest cryptocurrency exchange in the world and he has his own eyes

on the future. recently announcing plans to launch a new nonprofit education platform. it's a brand new month — the first of may. and many countries including here in asia are celebrating labour day — marking the progress made on rights of workers. however, labour challenges will weigh on some parts of asia. the international monetary fund is forecasting slower growth in china, to below 4 percent in the years ahead. and that's mainly to an ageing population there. let's hear more from krishna srinivasan. he is the director of the fund overseeing the asia pacific region. if you look at china, the population and this is a serious _ population and this is a serious challenge and that accounts for why the groups are forecasting 2.5% and remove, move — forecasting 2.5% and remove, move the _ forecasting 2.5% and remove, move the other way, the population and the idea is much younger— population and the idea is much younger you have different, yet

different— younger you have different, yet differentjobs younger you have different, yet different jobs for the people coming _ different jobs for the people coming into the labour force in india. — coming into the labour force in india, china to be coming to grips— india, china to be coming to grips with_ india, china to be coming to grips with the ageing population. i grips with the ageing population.— grips with the ageing “oulation. ., ., , population. i want thoughts from what _ population. i want thoughts from what is _ population. i want thoughts from what is been - population. i want thoughts from what is been going - population. i want thoughts from what is been going on| population. i want thoughts - from what is been going on and how it is seeking to fix its economic challenges. emphasising the fact that demand is pretty weak and partly— demand is pretty weak and partly linked to what is happening in the property sector~ _ happening in the property sector. they have taken several measures — sector. they have taken several measures to address it but confidence as a comeback. it will be — confidence as a comeback. it will be been advocating is putting _ will be been advocating is putting in place, policies to address— putting in place, policies to address in a straightforward way, — address in a straightforward way, the _ address in a straightforward way, the property market and three — way, the property market and three policies and one is to finish — three policies and one is to finish prebeta housing and the second — finish prebeta housing and the second is— finish prebeta housing and the second is to go to the bible and — second is to go to the bible and nonviable developers and allow — and nonviable developers and allow prices to adjust. beyond

that, — allow prices to adjust. beyond that, it's — allow prices to adjust. beyond that, it's the fact that it needs— that, it's the fact that it needs rebalancing the economy and more — needs rebalancing the economy and more for consumption we have — and more for consumption we have talked about the government putting in place policies _ government putting in place policies and measures now improve _ policies and measures now improve the social safety net and silver comes down, it will allow— and silver comes down, it will allow them to have more consumption.— allow them to have more consumtion. ., , ., . consumption. people watching this uuite consumption. people watching this quite closely _ consumption. people watching this quite closely and - consumption. people watching this quite closely and that - consumption. people watching this quite closely and that is i this quite closely and that is what they plan to do with interest rates going forward but what impact was stronger have on the economies? you can see it and _ have on the economies? you can see it and the — have on the economies? you can see it and the coin _ have on the economies? you can see it and the coin is _ have on the economies? you can see it and the coin is moved - see it and the coin is moved and — see it and the coin is moved and there _ see it and the coin is moved and there are options for the currency— and there are options for the currency and one issue emphasised is central banks should — emphasised is central banks should not pass these and focus more _ should not pass these and focus more on — should not pass these and focus more on domestic inflation pressures, ratherthan more on domestic inflation pressures, rather than linking the policy— pressures, rather than linking the policy decisions with what the policy decisions with what the fed — the policy decisions with what the fed does, look at domestic

inflatioh — speaking of the fed, the us central bank will unveil its policy decision on interest rates tonight. with the latest inflation reading for march at over 3 percent, higher than the fed's target of 2 percent, hopes have dimmed that the cost of borrowing will be lowered at this meeting. and as you've just heard, the international monetary fund is recommending that central banks in asia pay close attention to domestic factors, instead of taking their cue from the us federal reserve. for more on this, let's bring injun bei liu of tribeca investment partners. i think the asian economy should _ i think the asian economy should always focus on their own— should always focus on their own economy for sure but i think— own economy for sure but i think unfortunately for the trade _ think unfortunately for the trade today after that, we often _ trade today after that, we often follow what is happening globally and if you're looking at here — globally and if you're looking at here in australia, the rates are hot— at here in australia, the rates are not likely to be cut until we see _ are not likely to be cut until we see what is happening in the us because of the trade of facts _ us because of the trade of facts. and looking at the

economy, and also keeping an eye on— economy, and also keeping an eye on what's happening in china — eye on what's happening in china as _ eye on what's happening in china as well.— eye on what's happening in china as well. mentioning the strenath china as well. mentioning the strength of— china as well. mentioning the strength of the _ china as well. mentioning the strength of the us _ china as well. mentioning the strength of the us dollar, - china as well. mentioning the | strength of the us dollar, how is that impacting us here in asia. is is that impacting us here in asia. , ., ., ., , . asia. is going to affect the debt and _ asia. is going to affect the debt and asia _ asia. is going to affect the debt and asia has - asia. is going to affect the debt and asia has a - asia. is going to affect the debt and asia has a very . asia. is going to affect the l debt and asia has a very us dominated debt including chinds— dominated debt including china's well and if the us interest— china's well and if the us interest rate stays higher for longer, _ interest rate stays higher for longer, that means the artist dollar— longer, that means the artist dollar will stay higher for longer— dollar will stay higher for longer and i'll put pressure on the economic activity within the economic activity within the region and this is what we worry— the region and this is what we worry about, the high us interest— worry about, the high us interest rates and if it stays high, — interest rates and if it stays high, the _ interest rates and if it stays high, the us and other stay strong _ high, the us and other stay strong and w putting pressure on it— strong and w putting pressure on it trut— strong and w putting pressure on it but china's very different beast of the moment because — different beast of the moment because activity is stimulus and — because activity is stimulus and its _ because activity is stimulus and its own domestic economy and its own domestic economy and that— and its own domestic economy and that is fighting its way through it i think the pressure that china does have is being

sped — that china does have is being sped uo _ that china does have is being sed u -. that china does have is being s--edu. ., , ,, , sped up. the anti-subsidy investigation _ sped up. the anti-subsidy investigation is _ sped up. the anti-subsidy investigation is wrapping l sped up. the anti-subsidy i investigation is wrapping up sped up. the anti-subsidy - investigation is wrapping up in the coming weeks and some sort of actions expected. but annual sales of electric vehicles above a0%, the mood remains optimistic as a china correspondent found out at the beijing auto show. until recently, the idea that electric vehicles would make up a significant portion was something for the future. and then china came along interest in future upon us now. it is achieved this with breakneck growth in the industry fuelled by government subsidies and the problem is the americans are saying that china's brand as an unfair advantage on price or being able to flood markets and other countries and rates the local brands cannot compete

with and they are threatening to put tariffs on chinese cars to put tariffs on chinese cars to level the playing field. the counter argument to that is at the beginning, in need of having such subsidies and charging stations to give electric vehicles a significant enough portion of the market to survive into the future and the biggest changes happening in terms of the attitudes of ordinary people itjust had to speak to the would—be customers of this you auto show to see that. more choosing electric cars because they are good value for money and for the environment.— value for money and for the environment. , ., , _, environment. they have become totally normal _ environment. they have become totally normal and _ environment. they have become totally normal and accepted. - totally normal and accepted. thev — totally normal and accepted. they have good tack and they're good _ they have good tack and they're good to — they have good tack and they're good to drive _

they have good tack and they're good to drive.— good to drive. from voice triggered _ good to drive. from voice triggered instructions, i good to drive. from voice triggered instructions, to| good to drive. from voice . triggered instructions, to the latest flashy on—screen displays, china's electric vehicle industry is showing off or they can do. these charging stations 500 km or 310 miles of driving afterjust 12 minutes plugged in. driving after 'ust 12 minutes plugged in._ driving after 'ust 12 minutes on ed in. ., ,., plugged in. factories and the like they wanted _ plugged in. factories and the like they wanted export - plugged in. factories and the i like they wanted export revenue to make their money back and making will not survive because the competition is just so fierce it at the upside is, they can always fall back on they can always fall back on the massive domestic markets the massive domestic markets the it'll keep going as more as more and more people make the switch away from traditional vehicles. it was a big earnings day in the u—s. amazon posted better—than—expected results for the first quarter of the year, with revenue of over $143 billion. most of that growth came from advertising revenue, which outpaced both retail and cloud computing

divisions of the business. its chief executive has pledged to cut costs while investing in artificial intelligence technology. ownership of the papers was said to be transferred before the government intervened in january. new laws have been put in place banning foreign states from owning any uk newspaper or news magazines. and that's it for this edition of asia business report. thanks for watching.

hey, i'm zof with the catch up. tonight. protesting continues in the us, a different

type of game for haaland and taylor swift classes. our top story... a11i—year—old boy has been killed and four people have been stabbed in a sword attack in north east london. the other victims are in hospital but are not thought to have life—threatening injuries. a man has been arrested. police have called it a horrific incident but said it wasn't a targeted attack. next, pro—palestinian protests are continuing at university campuses across the us. demonstrators at columbia uni in new york ramped up their protest by taking over hamilton hall early on tuesday, barricading themselves inside the building. protesters across the country have called for universities to boycott companies and individuals with ties to israel during the war in gaza. some other stories now. one of the world's most popular phone games, clash of clans, has shared a new surprise character. an animated erling haaland will become the barbarian king in the game. the man city star said

he is a long—time fan. i think they got the hair just right, actually. and parents of taylor swift fans who can't tell their bad blood from their blank space are going to be offered help for a class on the pop star. glasgow clyde college said the one off event will cover taylor songs, her wardrobe and crowd chants at her gigs. time now to leave you with 10 seconds of king charles as he's returned to public duties with a visit to a cancer centre in london — his first public engagement since he was diagnosed with the disease in february. and you're all caught up now. see you later. hello and welcome to sportsday — i'm gavin ramjaun. a thriller between two heavyweights of the champions league —

as the semi between bayern munich and real madrid finishes honours even. the defending champion survives a scare to reach the madrid open quarter—finals. ronnie o'sullivan comes from behind to draw level with stuart bingham at the world snooker championship. and water sports join together, to call for rivers, lakes and coasts to be cleaned up in the uk. hello there, and welcome along to the programme. bayern munich against real madrid — with the stellar talent on show, promised so much, and their champions league semi—final duly delivered. two of england's big names, in harry kane and jude bellingham were facing up on opposite sides, with kane proving the catalyst, once again, to turn things

around for bayern. and real scrambling a late equaliser, ahead