Regional expert who explained the Economic Impact of those floods. ~ ,. , �. ,. , floods. While youre flooding so far in the floods. While youre flooding so far in the month floods. While youre flooding so far in the month of floods. While youre flooding so far in the month ofjuly i floods. While youre flooding so far in the month ofjuly is| so far in the month ofjuly is estimated to have cost around 25 Billion Us Dollars then of course the season for these sorts of extreme weather events is not yet over. August and september historically have also often had Severe Weather events, such as typhoons and floods, as well as drought last year china was also hit with a very severe drought. So what we are seeing is increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we have seen at present in china and in recent years and there are a lot of concerns that as Global Temperatures rise further towards the global target of 1. 5 celsius, that the impact and economic costs of the Severe Weather events will actually increase significantly further. 50 actually increase significantly further. ,. , actually increase significantly further. ,. , further. So in your view should there be more further. So in your view should there be more investment further. So in your view should there be more investment in l there be more investment in infrastructure in order to prevent devastations that we saw . I prevent devastations that we saw . ~ saw . I think given the expectations saw . I think given the expectations that saw . I think given the l expectations that rising temperatures will result in more severe climate events and create more economic costs and losses, particularly in the rural sector in china i think there is a very strong reason why the Chinese Government needs to invest a lot more in Infrastructure Resilience to Severe Weather events such as typhoons and also for Water Management to provide additional water in the event of droughts, water storage systems. So there is a lot of Infrastructure Investment that is needed. Historically, china has been very good at investing heavily in infrastructure to, but i think this increasingly Severe Weather events will probably accelerate a shift towards more investment in infrastructure. At other mechanisms are also needed, such as greater insurance, both through Element Insurance schemes and private, etc, insurance schemes to compensate for losses that are incurred due to Severe Weather events such as typhoons and droughts. Away from china now, here in Southeast Asia economies have taken a hit from weakening external demand as well as falling Commodity Prices. There is one bright spot and that is indonesia. Forthe is one bright spot and that is indonesia. For the three months tojune its economy expanded just over 5 , which is slightly more than what we saw in the first quarter. Economist katrina ell explained what led the group. 50 katrina ell explained what led the grow katrina ell explained what led the rou,. , i. The group. So it was actually a number of the group. So it was actually a number of factors, the group. So it was actually a number of factors, we the group. So it was actually a number of factors, we saw number of factors, we saw domestic demand in indonesia held up a lot better than expect, in particular private consumption maintained its march quarter pace, which was surprising given that households had been grappling with still elevated inflation as well as Borrowing Costs being elevated, but we also saw that the government sector actually contributed a lot and part of that came on the back of the government actually exhilarating Infrastructure Spending and broader Spending Initiatives as well. But some of the expected weak spots were there, in particular goods exports. So commodity exports were weak, which is to be expected, but on the other flipside we saw Service Exports were strong and that a driver of that strong Service Exports was the return of international terrorism, because we are seeing that international arrivals, including from china, are increasingly coming back to indonesia, which is an important source of growth, particularly prior to the pandemic, so it is starting to mmp pandemic, so it is starting to ramp up again. Pandemic, so it is starting to ramp up again pandemic, so it is starting to ramp up again. Meanwhile, the rest of southeast ramp up again. Meanwhile, the rest of Southeast Asia, rest of Southeast Asia, including here in singapore, economies have been hit by the weakening demand overseas was our Economy Scoping and when can see things turning in your view . Economies coping . What view . Economies coping . What were seeing view . Economies coping . What were seeing is view . Economies coping . What were seeing is the view . Economies coping . What were seeing is the export were seeing is the Export Picture, so the Merchandise Trade Picture right across Southeast Asia is weak. We are seeing that the tech cycle is still in the downswing and Commodity Prices are still of course very weak as as a result of that we can to demand optional. We are respecting things will not really materially improve until early next year. In the us as well as europe, those economies there, domestic demand is incredibly weak as a result of the monetary tightening schedules and the aggressive monetary tightening schedules, should say, that have taken place and so will increasingly see the impact of those rate hikes in weakened domestic demand through the second half of this year. But the good news is that things should start to improve in 2024 for the Export Picture in Southeast Asia. Meanwhile, does nets in Southeast Asia. Meanwhile, does nots finance in Southeast Asia. Meanwhile, does nots Finance Chief in Southeast Asia. Meanwhile, does nots Finance Chief has i does nots Finance Chief has stepped down after 13 years at the Electric Car Maker. His departure came as a surprise because some analysts have considered him as a possible successor to his boss, elon musk. Michelle fleury has more. It was a bit of a surprise. He confirmed he was stepping down from his role in a linkedin post and would leave the Electric Car Maker at the end of the year. He also expressed gratitude to his boss, elon musk, and his colleagues, saying that they had accomplished things many people thought not possible. He had been with tesla for 13 years, he took over the finance role in 2019. During that time does nots profits and its Market Valuation sort. No reason was given for his exit, but his departure does raise questions about who will succeed elon musk, a busy man, who also runs spacex and former twitter platform x. No word yet whether he will inherit the title of master of queen. A name that was given to mr kirkhorn back in 2021 was given to mr kirkhorn back in 2021 coin. In was given to mr kirkhorn back in 2021 coin. In 2021 coin. In other business in 2021 coin. In other business use, in 2021 coin. In other business use, the in 2021 coin. In other business use, the Australian Company that was to buy british rail has missed the deadline to pay for the business. It shows Recharge Industries have yet to pay some ten Million Dollars which was due in april. The move has discussed doubt on the deal, they had planned to buy a massive plant in england but went into bankruptcy after running out of money britishvolt and paypal has launched the us dollar stablecoins, dubbed paypal ust it is fully backed by The American Dollar and short term us treasuries. The move makes paypal the first major Financial Tech Company to embrace such Digital Currencies for payments and transfers. Stablecoins are Crypto Tokens whose value is packed with stable asset and are mostly used to trade for other cryptocurrencies. Now, a homegrown label here in singapore is looking to expand its global footprint in the nightlife scene. They pioneered the Clubbing Scene here in singapore and it is looking to venture overseas. We caught up with the chief executive andrew leigh. Suddenly at 32 years you have people who have almost, they are the Founding Fathers and founding mothers of singapore who have clubbed in the same brand is now their children. Honestly, it was extremely daunting. I think they had a huge impostor syndrome, think, at the beginning. He is still a legend in the field, he basically brought house music from ibiza and took this warehouse which became so iconic. I think when i saw the brand and i took the emotional connection to ude realise that we needed to have a spokesperson around to help lead the charge as we grow into this global and lifestyle take when we first started we were able one Nightlife Club establishment, now we spent about 35 concepts around the world. During covid, we changed our club into a Live Streaming studio, we also made it into a spin studio with one of the big kind of spin studio is here in singapore and upstairs we changed one of our Club Concepts into a restaurant as well. We realise we wanted to just branch out in very key gateway cities. And i think tokyo and la have purposes. La being the fact it is one of the biggerFeeder Markets to being the fact it is one of the bigger Feeder Markets to las vegas, so we have a lot of people coming in from the west coast into las vegas. Tokyo, on the other hand, is a complete new project, we are partnering with a group that operates hotels in japan with a group that operates hotels injapan and so we will be inside their new hotel. With this new project we can custom make a Nightlife Experience that i do think pan has ever had before. That i do think pan has ever had before. �. ,. , had before. Before we go, zoom, which is synonymous had before. Before we go, zoom, which is synonymous with had before. Before we go, zoom, j which is synonymous with remote work, has ordered stuff back to the office, at least twice a week. Theyjoin other Major Companies like amazon and disney to cut back on remote workers. That is it for the programme. Thank you for watching. This is paul she teaches diving at Skegness Aquarium and she is 76 years old bowling. I at Skegness Aquarium and she is 76 years old bowling. 76 years old bowling. I find did very therapeutic. 76 years old bowling. I find did very therapeutic. She 76 years old bowling. I find did very therapeutic. She has | did very therapeutic. She has been here did very therapeutic. She has been here for did very therapeutic. She has been here for eight did very therapeutic. She has been here for eight years did very therapeutic. She has| been here for eight years and teaches people of all ages how to dive. She says the oldest person she has taught was 90 years old. I person she has taught was 90 years old years old. I like helping peeple. Years old. I like helping people, especially years old. I like helping l people, especially people years old. I like helping people, especially people that are nervous. If we are having trouble getting them into the water. 0nce trouble getting them into the water. Once they managed to get in and come out all smiles, thatis in and come out all smiles, that is the best, best feeling. Yes, i am that is the best, best feeling. Yes, iam happy that is the best, best feeling. Yes, i am happy for me, i am happyforany yes, i am happy for me, i am happy forany of the yes, i am happy for me, i am happy for any of the other guys who have done that process, because they dont dive all the dives, but when we get there in the end, it is a good feeling. And those that work with Pauline Adore her. Even have their very own nickname for her. , their very own nickname for her. Their very own nickname for her. U,. ,. , her. Yeah, we call her grandma chart, we her. Yeah, we call her grandma chart, we added her. Yeah, we call her grandma chart, we added her her. Yeah, we call her grandma chart, we added her to her. Yeah, we call her grandma chart, we added her to the chart, we added her to the e learning, they see her on the e learning, they see her on the e learning before they come in. Everyone comes into ask if she is in on the day. Is in on the day. And for pauline. Is in on the day. And for pauline, underneath is in on the day. And forj pauline, underneath the is in on the day. And for pauline, underneath the water amongst the fish is where she says she belongs. Age isjust a number. For more stories from across the uk, head to the bbc news website. Hey, this is the catch up. Lets start with some football and england have scraped through to the Quarter Finals of the womens world cup with a dramatic Penalty Shoot Out against nigeria following a zero but it wasnt such a great score for di sora Lauren Jackson got a red card because she stamped on a nigerian player. And Aberdeen University student Anastasia Myers has said she feels on Top Of The World as she prepares to visit space with her mum. They will board the Virgin Galactic spacecraft on thursday, they want to strip from a competition. In fact, they will be the first mother and daughter ever to make the journey. Some other stories now, the first group of Asylum Seekers aborted the controversial bibby stock, housing bars, up to 500 people will eventually live on the vessel in dorset, they will stay there while they await the outcome of their asylum applications. Some human Rights Groups have called the scheme inhumane, but ministers insist it is safe and will actually save money. And then new barbie film hasjust save money. And then new barbie film has just hit the billion dollar market, just 17 days after its release finish the weekend with e1 days after its release finish the weekend with £1 billion in ticket sales at the global box office. It means greta gerwig has become the first woman to reach the milestone as a solo director. Time now than for ten seconds of a rare blackjaguar called ancor, arriving at chester zoo. Zero from the Cats Sanctuary in kent as part of a special programme that aims to protect the species. And you all caught up now. See you later. 0ur hello and welcome to sportsday. Im tulsen tollett. England into the last eight at the womens world cup but the Lionnesses Ride their luck against nigeria. And the Matildas March On theyre too strong for denmark. The co hosts putting their early tournament wobbles to bed. And joe marchant makes englands Rugby World Cup squad but there are some notable absentees. Hello there and welcome along to the program. Its been a womens world cup full of twists and turns so far, with big names like the usa, germany and brazil knocked out. And englands lionnesses were so nearly on the end