Rather than russias. Now, if the proposed strikes take place, then europe could face an energy crisis. The International Energy agency has revealed that lng now makes up 35 of europes Energy Supplies not far off the 40 contribution that russia made, before it was sanctioned over ukraine. Nitesh shah is head of commodities and Macroeconomic Research at wisdomtree europe. Thank you forjoining us here on the programme. We are waiting obviously to hear the outcome of whether these strikes take place or not but the fallout could well be significant . Yes, the relative calm in the Global National gas market has been broken by this threat of strikes in australia and its largely because europe has become much more reliant on Liquefied Natural Gas after the sanctions placed on russia. At the moment, the european Natural Gas Storage facilities are close to 90 full, so that does mitigate some of the worst parts of the risk, but supply and demand is so finely balanced in europe that only a small amount of natural gas supplies coming off market has a massive Ripple Effect of bringing prices up as you said 40 on a single day last week. As you said 4096 on a single day last week. � ,. , week. And yet, the demand in the Northern Hemisphere week. And yet, the demand in the Northern Hemisphere has week. And yet, the demand in the i Northern Hemisphere has effectively dropped, hasnt it . The concern i suppose is asia and the fact they will be sorting out other spots of supplies . Will be sorting out other spots of su lies . ,. , will be sorting out other spots of su lies . , a. Will be sorting out other spots of sulies . , a. , supplies . Yes, so asia is the laruest supplies . Yes, so asia is the largest importer supplies . Yes, so asia is the largest importer of supplies . Yes, so asia is the largest importer of the supplies . Yes, so asia is the largest importer of the australian Liquefied Natural Gas so these strikes in australia impact asia a bit more, but in todays environment, whereas the European Union has been trying to wean itself off russian dependency, there is a fight for the molecules of natural gas so, you know, europe is in a lot more competition for every unit of natural gas across the world and thats why the prices have become a lot more volatile. Weve got a lot more of an interconnected Global Gas Market compared to two years ago. Where would those Spot Supplies come from . Say these are strikes to take place, the likes of asia, japan, south korea, malaysia, where would they be looking and competing if europe is also impacted by this . Well, the usa is a very large exporter of Liquefied Natural Gas and its supplies have been growing. In fact, earlier on this year, in one of the largest lng facilities, it was off line, but is back online now and is producing in large quantities, so there is gas supplies from the usa likely to make its way over to asia alongside the eu. The eu has been building out its own Storage Capacities as well, so It Storage Capacities as well, so It Storage Ability has incrementally increased and improved. {lila storage ability has incrementally increased and improved. Storage ability has incrementally increased and improved. 0k, we have run out of time. Increased and improved. 0k, we have run out of time, but increased and improved. 0k, we have run out of time, but thank increased and improved. 0k, we have run out of time, but thank you increased and improved. 0k, we have run out of time, but thank you very i run out of time, but thank you very much indeed for your time. You are most welcome. Russias currency has fallen below 100 roubles to the dollar, its lowest level in nearly 17 months. The value of the rouble has slumped steeply so far this year. Its been facing pressure, with imports rising faster than exports, and Military Spending growing due to the war in ukraine. Our Business Correspondent theo leggettjoins me now. Hello there to you, its interesting watching the statements coming out of russia because putins Economic Advisor is saying one thing whereas central bank is saying another. Just la it out central bank is saying another. Just lay it out for central bank is saying another. Just lay it out for us. Well, Everybody Needs somebody to blame, dont they . First of all, looking at the decline in value of the rouble, to put that into some kind of context, if you go back to last august a year ago, a rouble, a dollar value 60 roubles but today it would buy you 101 roubles, so thats the magnitude of the decline in value. Since the beginning of the year, its about 25 and this is because the russian is under pressure. Russia isnt selling as much or getting as much Export Revenue as it used to. It used to rely heavily on oil sales and gas sales but, gas sales to europe have declined quite dramatically, europe has been looking for other places to get its gas, and the price cap in the g7 nations on the price of russian oil, so thats reducing the amount of revenue coming in, reducing the hard currency coming in and at the same time the government has been spending a great deal on the wall and also become much more dependent on imports from areas like turkey and china but those regions are not particularly happy taking payment in roubles, so if they want to pay in roubles, so if they want to pay in roubles its going to be a lot of money. There is a huge amount of foreign currency, so thats The Big Picture why the rouble has fallen. Now the russian government is saying its all the fault of the central bank. The central bank last year increased Interest Rates in the early days of the war and that helped Arrest A Decline in the value of the rouble back then, but since then, it has allowed Interest Rates to fall back from 20 to around 8 , increase them a little bit last month, but the government is saying its time to end that policy, that loose monetary policy, and push out but the central bank doesnt feel it is its fault at all, so you do have that kind of conflict and political pressure on the central bank, an institution, to do something about the situation thats a result largely of economic pressures created by the conflict in ukraine. We know how world economies are so closely intertwined. Does what is happening in russia matter away from its borders . Jt happening in russia matter away from its borders . , happening in russia matter away from its borders . ,. , its borders . It certainly matters within russia its borders . It certainly matters within russia for its borders . It certainly matters within russia for the its borders . It certainly matters within russia for the falling its borders . It certainly matters. Within russia for the falling value of the currency obviously creates pressures at home because it increases the cost of imports and that can push up inflation on the streets. Outside of russia, less so, because there russian economy has become more and more disconnected from the rest of the Global Economy as a result of the war in ukraine. And the sanctions imposed after that. , ~ ,. , and the sanctions imposed after that. ~ ,. , and the sanctions imposed after that. , ~ ,. ,. That. 0k, thank you very much indeed. Hear that. 0k, thank you very much indeed. Hear more that. 0k, thank you very much indeed. Hear more from that. 0k, thank you very much indeed. Hear more from you. Indeed. Hear more from you throughout the day. The share price of chinas troubled property giant, country garden, has plunged more than 15 in hong kong after it warned of multi billion dollar losses. Its the latest chinese Property Firm to run into trouble, as the sector struggles with weak demand. Heres our Asia Business reporter, katie silver, with the details. Its certainly a fall from grace for one of chinas biggest property developers. Country gardens share price is at a record low. Its now worth a 20th of what it was five years ago. Its trading as a penny stock. On friday, the company said it could see losses of almost 8 billion for the first half of the year and that it had missed key bond repayments. Over the weekend it said it would stop trading ii of its bonds. This is usually a sign that it might be about to seek extensions on these repayments. This is all too soon for the market, which is no doubt feeling deja vu. The wounds from a similar crisis of the developer evergrande just 18 months ago are still fresh and the property sector is particularly important for china. Its notjust about economic growth, although its certainly that. It makes up about a third of the economy. But its also a symbol of chinas development. The towering new build condos show just how far china has come. But the struggles of the property sector are the latest sign of the Serious Problems facing the worlds number two economy. Last week, it reported it had slipped into deflation and trade dropped on the back of weak demand from both at home and abroad. And what all of this does, well, it adds pressure on beijing to rule out more measures to boost the economy. That was katie silva. Now from mumbai to bangkok and jakarta, motorbikes are the most popular form of personal transport across asia. Theyre cheap and convenient but also extremely polluting. One Taiwanese Company believes it has a solution. Its built a Large Network of Battery Stations to lower the cost of going electric. Our asia correspondent, Rupert Wingfield hayes, sent us this report from taipei. Here i am in taiwan and this little Electric Scooter may not look like anything revolutionary but it is. It is a world first. And im going to show you why. There are 14 million Motor Scooters here in taiwan, and they are very noisy and very dirty. So how do you get people to switch from their dirty Petrol Scooters to clean electric one like this . Well, they have to be just as cheap and just as reliable. There was no infrastructure to convert to electric. And then the moment came, what about battery not included . What if you are actually able to sell the vehicle without the battery, reducing the cost of that vehicle, by 30 or 40 . So this is a really clever and unique thing about this system. When you buy one of these bikes, it doesnt have any battery in it, that makes it cheap. Instead, you subscribe to the companys batteries and when it gets low, you just come to a Charging Station like this one and switch it out for a fresh one. There are more than 10,000 of these Charging Stations across taiwan, with more than a million of these batteries in them. That should mean goodbye to Range Anxiety. Well, if my vehicle has a 100 kilometre range, i can only go 50 and then 50 back. Which means that now you have a tether on your neck, everywhere you go, thats not a solution. We are solving for Range Anxiety also at the same time because you can just hop, hop, Hop From Point To point. This could be the answer to zero emissions personal transport for many of asias huge megacities. And for this taiwan start up, the next stop is india. The world s largest Contract Electronics manufacturer, foxconn, made 33 billion us dollars in profit in the Second Quarter of the year above market expectations. The Company Expects sales to pick up in the second half of 2023 most likely as apple launches the iphone 15 in september. Foxconn famously assembles the iphone but also makes smart speakers for amazon and tech for the likes of dell, google and hewlett packard. Dont forget you can get in touch with me and some of the team on twitter, im lukwesaburak. Hello from the bbc sport centre. Not long to go until the womens world cup semi finals get under way. Spain face sweden in auckland on tuesday with the winner playing either england or australia in sundays final in sydney, thats where our Sports Editor dan roan is infor us. He believes this womens world cup has surpassed all expectations. A huge sense of excitement and anticipation building here in australia at this Ground Breaking womens world cup. Its already breaking all kinds of records, more tickets have been sold here than for any other world cup before it. Theres been huge merchandise sales, bumper Tv Viewing Figures as well, especially when the mattel the australian team, have been playing, and if Excitement Levels were high here in here and in using them, the co host, theyve only been intensified as a result of an extraordinary Penalty Shoot OutVictory Australia enjoyed over france in the quarterfinal at the weekend. Theres been comparisons drawn in terms of the Viewing Figures with that iconic gold medal performance by Cathy Freeman 23 years ago at the olympics that were held here and now, of course, they face their arch rivals, sporting rivals anyway, england, in this titanic semifinal on wednesday evening. Australia course