Coalition after the election back in april, the first time israel has experienced two elections within one year. So Benjamin Netanyahu there addressing his supporters. We will ta ke addressing his supporters. We will take a pause from these Election Results now and cross over to singapore for as a business report. Is singapore for as a business report. Isa singapore for as a business report. Is a business report. Strength but without the baggage that Benjamin Netanyahu brings. The price of crude rises. Output will return to normal by the end of this month. The world s Biggest Social Network unveils its plan for an independent oversight board. Good morning asia, hello world. It isa good morning asia, hello world. It is a wednesday. Glad you could join us is a wednesday. Glad you could join us foran is a wednesday. Glad you could join us for an exciting mid week Asia Business report. Oil prices have fallen sharply overnight. This as a saudi arabia says its crude output will return to normal within weeks with half the production loss onto Key Facilities already restored. As of now, as of this moment that i have just got a message that we are producing 2 million barrels. All the necessary activity to restore the production before that attack will be completed. The price followed by 796, be completed. The price followed by 7 , rent crude saw its biggest one day rise on monday after the attacks of facilities in the heartland of the kingdoms oil industry which hit the biggest processing plan as well as a nearby oilfield. I asked an oil expert whether she was surprised by the announcement . Despite the positive news we are seeing announcement . Despite the positive news we are seeing in the market overnight, eitherfrom news we are seeing in the market overnight, either from restoration of supplies from the damage field or by commitment of fulfilling the Nomination Programme for the month of october, with india and china, one has to be cautious reading into this news for a few reasons. One is because the restoration or resupply could come from the reserve saudi has an they have not said much about the commitment of support cargoes. It is not clear what the stand is. You are saying they are massaging these developments and that we will see production coming back to normal within the next few months . Lets put things in perspective. If you look at the real scenario, even a normal process of restoring or maintenance of such facilities would ta ke maintenance of such facilities would takei maintenance of such facilities would take 1 two months and if you are talking about an unplanned event. You need to fix, test, run and were talking possibly a few months before coming back to normal volumes. Talking possibly a few months before coming back to normalvolumes. With this development and announcement, are we likely to see prices continuing to fall . It is hard to say at this point but it is going to be volatile. Risk is going to be a permanent feature in the near term. Every time you hear news, the market will react but fundamentally speaking, it is not easy to restore the resupply of these facilities in the resupply of these facilities in the near future. Will this impacts supplies to asia . Out of the barrel is off line, more than half come to asia and we do not know how the rest of the barrels which are not restored a re of the barrels which are not restored are being procured in the market on a spot basis. The spot premiums will spike and this will result in a lowering of the rate in asia. The world s most important central bank and its two day meeting later today in washington, dc and the Us Federal Reserve is expected to cut its main Interest Rates for a second time this year. This sees policy makers trying to head off is ofa policy makers trying to head off is of a possible recession. The Us Federal Reserve cut Interest Rates for the first time in a decade back injuly. It for the first time in a decade back in july. It is for the first time in a decade back injuly. It is decision time once again and the feds are weighing their option. On the one end, the consumer is feeling pretty confident. They continued to spend money and that is a big boost to the economy. The Labour Market is strong and wages continue to grow. On the other hand, the impending exit from the eu by the uk poses a risk to the global economy. The attack on the saudi arabia production hub really bold markets and there is of course the continued trade war between the us and china which is hurting you factoring and business sentiment. Outside all of that economic data, there is still the political pressure on the fed. Us President Donald Trump is a vocal critic, take into tweeter to demand the Central Bank Cut rates, referred tojerome powell as name and called policy makers bone heads and that was all just last week. Whateverjerome powell and his colleagues here at the Us Federal Reserve frying, one thing is for sure, donald trump will have something to say about it. Facebook has unveiled its plan to create an independent board to make decisions over how the Biggest Social Network is moderated. They will make decisions of a controversial material. Dave lead told us what else he has learnt about the facebook supreme court. The whole idea behind this idea, the supreme court, is essentially to remove the burden from facebook over how it decides what should and should not be on its platform and thatis should not be on its platform and that is something that right now a tt ra cts that is something that right now attracts a lot of criticism particularly in the us whether facebook is biased towards a certain point of view. This board is designed to take that away from it and make decisions independently from facebook and they can override what facebook policies say at their own discretion. It will consist of at least 11 people but no more than 40. Who at least 11 people but no more than a0. Who those people are we do not yet know, they will be appointed by the end of the year and facebook save the names will be public as well the decisions they make. The first of those decisions is expected next year, when in this group will get together to decide determining what should or should not be on facebook. Earlier on will news we heard from a film director who looks at the women behind indias successful ma rs at the women behind indias successful mars obiter mission. One says the industry is booming as china and india are scaling up their Space Programmes. After 23 years in the Indian Space Research agency, our guest is now in bangalore with a space and defence company. An honour to have you on the programme. Why are china and india ramping up their Space Programme . The Space Programme isa Space Programme . The Space Programme is a very Much Required programme and already we have so many orbiting our planet but going into deep space, people are still thinking because the risk in all this is higher and there is a lot of money needed. The government is questioning it and what are we going to gain from it . But it is a requirement because we have to explore the unexplored. We have to look at what other planets are made of, if we have to go to other planners, can we move from one place to another . The race to the moon has also intensified between the chinese and india and, of course, india almost succeeded recently in landing on the moon. Unfortunately, the mainland did not. What lessons can be learned. Moon lander. Mainland did not. What lessons can be learned. Moon lander. There are three portions in the spacecraft. We can find what the environment on the moon is and we can do some experiments. What molecules are seen. Those experiments can be done. The lander however, in the last minute, around 30 metres before landing, it crashed. What is currently the challenges for these companies in working with the government in pursuing this Space Programme thank you the money is from the government but it is the money of the taxpayers, the taxpayers so they think before spending making sure that everything is a success. They doa that everything is a success. They do a lot of simulations, they gather what exactly happens so risk is mitigated but we have to learn from lessons and what we learnt during the failure of chandrayaan 2 is so much more. Thank you forjoining us. That is it for this edition of the programme. Bye for now. This is bbc news. The top stories this hour has Benjamin Netanyahu done enough to win a fourth term as israels Prime Minister . Early Election Results suggest its too close to call. Call from a broad unity goverr from i call from a broad unity government from Benjamin Netanyahus main rivals. A top spokesman for the Afghan Taliban tells the bbc that despite the breakdown of talks, its still willing to negotiate. The trial of four people accused of murdering the girl Scout Jodie Chesney has begun. The 17 year old was fatally stabbed in an east london park in march, while listening to music with friends. Two men, age 20 and i9 and two youths, aged 16 and i7, all deny the charge against them. Dan johnson reports from the old bailey. Jodie chesney was described as a talented, popularfunny Jodie Chesney was described as a talented, popular funny young women whojudged no one talented, popular funny young women who judged no one and talented, popular funny young women whojudged no one and loved everyone. Those words came from her grieving family who were at the old bailey today to hear those tributes read out at the start of this trial to establish why she was killed so suddenly and by whom. At times today, some details were just too upsetting. Jodie was in this part with a group of friends friday night backin with a group of friends friday night back in march. One of them bought some cannabis to a local dealer and they were listening to music. Cctv footage shows a car pulling up over there and two young men getting out then heading across this field to then heading across this field to the play area. One left this fence, one came through here. They went straight up to jodie one came through here. They went straight up tojodie without exchanging a word, she was stabbed the back. It was an attack a p pa re ntly the back. It was an attack apparently without motive. Today the jury apparently without motive. Today the jury heard the car belonged to manuel petrovic, who is 20. Also on trial svenson ong a kwie, i9 alongside a 16 and 17 year old we cannot show because of their age. Only two left the car but they are all accused and all deny murder. The prosecution barrister described jodie is an entirely blameless individual who got caught in a row between drug dealers and sent her motor was a terrible but predict that outcome of an all too casual attitude towards knives. Police investigating the murder of an officer in berkshire have made a new arrest and re arrested three teenagers. Pc andrew harper, who was 28, was killed near the village of sulhamstead last month while responding to reports of a burglary. He had married his wife lissiejust four weeks previously. A fifth man has already been charged. A Public Inquiry will be held to examine safety issues at two scottish hospitals. The government at holyrood announced the inquiry will examine delays to the opening of a new Childrens Hospital in edinburgh because of problems with its ventilation system. Now on bbc news sport today. Hello, im Chetan Pathak and this is sport today, live from the bbc sport centre. Coming up on the programme the European Champions League beaten. Liveable lose their opening game of this seasons champions league. And will tell you why england cricketer ben stokes has told a british newspaper utterly disgusting for publishing a story about a family tragedy. Welcome to the programme. Thank you for joining welcome to the programme. Thank you forjoining us. Liverpool start the defence of their trophy with a defeat after being beaten at napoli
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