his speech was unpacking the new order. i think what he was basically talking about was the united states leading western efforts to try to impose technology sales to china to make china less capable with things like ship mate making and green technologies and i have to say that many people in that room, business delegates, would probably agree with them. the old order, if you want to call it that, the idea of countries making stuff that is the quickest and efficient countries, making it and then selling it so people who need it, ithink selling it so people who need it, i think that worked for many businesses. the problem is that western governments were not that happy about that because if you have a dominant country, and poses a threat to you if you are a western country and that is why you see chip not technology restrictions in the us and the retaliation, the rare earths potential ban or at least restriction of what china has to the rest of the world. this is fundamentally what the tension is at this conference. paddy keep global supply chains sleek and the business community happy but how do you balance that with competing governments or political interest that you see from the world's leading powers. the us stock exchange is preparing to delist a company, after it was filing for bankruptcy, once worth billions of dollars the company struggled under the weight of a huge debt pile and a failing management style, the former executive said he said the anticipated bankruptcy was disappointing and we have spoken to an expert and she gave me her appraisal of his leadership. i5 gave me her appraisal of his leadership-— gave me her appraisal of his leadership. gave me her appraisal of his leadershi. , ., leadership. is not something i would recommend _ leadership. is not something i would recommend founders . leadership. is not something i - would recommend founders adopt in terms of his style. although he is very passionate in terms of his purpose at wework, but it is the extrovert sense of really getting people to manipulate in terms of what he was doing with both the investor by ian and also his team buy in as well.- investor by ian and also his team buy in as well. there is a lot of pressure _ team buy in as well. there is a lot of pressure on _ team buy in as well. there is a lot of pressure on those - lot of pressure on those start—up founders and entrepreneurs to sell their business to raise money, don't they? business to raise money, don't the ? ~ , ., business to raise money, don't they? absolutely. that is the core purpose _ they? absolutely. that is the core purpose for _ they? absolutely. that is the core purpose for many - they? absolutely. that is the i core purpose for many founders to start their businesses, to scale them, they want to have an exit strategy and a selling strategy and sometimes that is very much at the heart of the agenda. d0 very much at the heart of the aaenda. ,, very much at the heart of the aaenda. ~ , agenda. do you think they almost have _ agenda. do you think they almost have to _ agenda. do you think they almost have to oversell. agenda. do you think they l almost have to oversell the business model in order to at least get on the path of success? i least get on the path of success?— least get on the path of success? ., �* ~' , success? i don't think they have to oversell _ success? i don't think they have to oversell but - success? i don't think they have to oversell but i - success? i don't think they have to oversell but i feel| have to oversell but i feel like these days with their global markets so i hope it is more competitive than ever and in order to be disruptive you really do have to sell your vision and be confident in your vision and be confident in your vision so sometimes i think overselling by default. what would be your— overselling by default. what would be your advice - overselling by default. what would be your advice to - overselling by default. what would be your advice to a i overselling by default. what i would be your advice to a want to be entrepreneur in the future? ., . , ., . future? confidence is fantastic and having _ future? confidence is fantastic and having a — future? confidence is fantastic and having a clear _ future? confidence is fantastic and having a clear vision - future? confidence is fantastic and having a clear vision but i and having a clear vision but you also have to make sure you have people following that vision and you are leading with purpose and integrity as well. because many of these companies, they fall down when integrity comes down to it and we want to see more leaders leaving with purpose and integrity. notjust with a very transparent agenda in mind. talking about oil prices, us crude oil has hit the lowest level sincejuly, falling below $78 per barrel. our report is from new york. at the end of september we saw oil nearing $100 a barrel, a psychologically important marker as consumers feel their cars with gas and heat homes and while the price of oil does not contribute to the core inflation that the federal reserve likes to gauge, it does contribute to headline inflation and the direction people feel prices are moving in. now a reversal with crude oilfalling to its in. now a reversal with crude oil falling to its lowest price since july. oil falling to its lowest price sincejuly. 0ne oil falling to its lowest price since july. one factor oil falling to its lowest price sincejuly. one factor is the israel hamas war and was oil prices spiked during the first week of violence in the worry that hostilities could spread into a wider regional conflict, drawing in oil rich neighbouring countries. a month in, the theory stabilising. another factor is slowing global demand. as revealed in china's export data. exports fell more than 6% year over yearin fell more than 6% year over year in october and that marked the sixth consecutive month of falling exports. another thing that lowers demand is a strong dollar. that makes oil more expensive for holders of other currencies to purchase. we told you about the earth shot price and one of the starters is a foodways country, a major challenge where cold storage is few and far between in india. as for as technologies has built a unique and low cost drying machine that prolongs perishable shelflife. this report western india. here is a shocking statistic. more than one third of all fruits and vegetables and up in landfills like this. these solar powered dryers could be one solution to the big problem. all operated by rural women, they use natural heat in three different ways to completely suck out moisture from fresh produce. this is not exactly a high—tech device at all, with any complex technology, or chips, but these dryers expand the life—cycle of perishables, like onions or tomatoes that otherwise would have rotted. it is a frugal, low cost climate friendly solution to preserving second rate produce that normally does not find a market. 0nce dried, the produce comes to this factory, which processes eat further into packaged food that is sold to big companies and restaurants. the farm to factory chain gives growers and assured market and cuts out the middleman but growing the business comes with many challenges.— business comes with many challenues. , ., , challenges. onboarding women is ever initially _ challenges. onboarding women is ever initially a _ challenges. onboarding women is ever initially a challenge. - challenges. onboarding women is ever initially a challenge. i - ever initially a challenge. i have to tell them about the technology and how it works. the second thing, the training because when we install the dryers, every day we need to give them the instructions on how to use the dryer and create a good value added products. for the localfarmers, a good value added products. for the local farmers, this a good value added products. for the localfarmers, this has been a game—changer. at the crack of dawn, this man is sorting his onion harvest to be sent to the drying facility. translation:— sent to the drying facility. translation: a, , , translation: many times the lower grade — translation: many times the lower grade prop _ translation: many times the lower grade prop would - translation: many times the lower grade prop would not - translation: many times the j lower grade prop would not get sold. nearly half of what i had grown wood rot. now, all the food gets picked up at the farm gate and my income has gone up substantially. 5&3 gate and my income has gone up substantially.— substantially. slos want to touch substantially. $45 want to touch the _ substantially. $45 want to touch the lives _ substantially. $45 want to touch the lives of - substantially. $45 want to touch the lives of millions j touch the lives of millions such farmers in the next few years. it is a lofty goal but tech solutions like these, if scaled up, can help transform the lives of some of india's poorest communities. congratulations to them! before we go, in other business news, consumer and environmental groups have taken a legal complaint to the european commission, including —— accusing major drink and food companies making false claims about 100% recycled water bottles being recyclable. the claim says the products are never wholly made of reused materials. ubs has registered its first quarterly loss in six years, reflecting the impact of the takeover in march of its rival credit suisse. the largest bank in switzerland says its net loss in, it says it was pressured for buying credit suisse for over $3 billion in march. global wine production is on course to fall to its lowest level in more than six decades. the international organisation for vine and wine says output is expected to drop by 7% compared to 2022. it has blamed extreme weather events in the southern hemisphere as well as some parts in europe, which have led to poor harvests but the change could actually balance the global market as one consumption around the world has been falling, and stocks actually remain high. that is if it for this edition of asia business report. i will be back next hour so thank you for joining us. voice-over: bbc news, - bringing you different stories from across the uk. this is dawn. named to mark a new era of uk technology. it's the country's fastest ai supercomputer and it's housed in a high—security data centre at the university of cambridge. you can barely hear yourself think in here. this is 95 decibels of noise. you have to wear earplugs for safety, but that's the sound the system which cools this computer. we have 7,000 processors in here performing 19 million — million — calculations per second. that generations a lot of heat. this place has air and water coolers for energy efficiency. but why do we need it? without the ai capability, science is held back. look at cancer research — cancer has been driven by genomics, huge amounts of data. we just can't process it, whereas machines like this, researchers can process a hundred times more data. one of the biggest challenges we face is climate change - and we've been struggling in the uk to come up- with the computing capacity to tackle the challenge. - we've taken huge amount of data — observations of the planet, - data from satellites, - from drones, on—the—ground sensors, and we pull those i together and look for insights based on that. the government had invested £900 million and this isjust phase one. but critics argue it is not enough to keep up with the silicon valley companies. voice-over: for more - stories from across the uk, head to the bbc news website. tonight, and israel gaza update, and a session in the sky. sta rt start with the kings speech, but it is written by the government to mark the opening of the state parliament, they were crowns, carriages and fancy robes and the whole point is to give us an idea of what ministers are planning over the next year. here are some of the main points. a ban on landlords evicting tenants without a clear reason, and a crackdown on flavoured vaping but a bill to ban conversion therapy is missing. labor's says the plans are gimmicks and a new low. some of the stories now and more than 106 children are being killed every day in gaza. those figures are from the world health organization and it accuses israel of breaking international law by attacking healthcare sites. israel says the strikes are legitimate. next, called phonetic guards to be made compulsory for ice hockey players, from a coroner after the death of nottingham panthers player adam johnson, hit in the neck by an ice skate. he was 29. and nestle plastic water bottles, are they really recycled? some really recycled ? some environmental groups really recycled? some environmental groups have complained to the eu, saying the claims are misleading. the companies say they are trying to reduce the amount of plastic packaging they use. in time to leave you with ten seconds of in—flight entertainment. this is an irish traditional music group putting on a show for passengers on a flight from frankfurt to dublin on sunday while it was delayed on the ground. you are all caught up! have a good night. hello and welcome to sportsday — i'm gavin ramjaun. maxwell's masterclass in mumbai puts australia into the cricket world cup semi—finals as they beat afghanistan in a thriller. haaland the hero at the etihad, he puts injury concerns to one side, to send manchester city into the champions league knockouts. and milan come back to beat psg — it's wide open in their group after dortmund did the double over newcastle. hello and welcome along to the programme where we'll start with an absolutely thrilling game at the cricket world cup — a spectacular double century from glenn maxwell saw australia clinch their spot in the semi—finals. they beat afghanistan, but it really was the maxwell show in mumbai, asjoe wilson reports. somehow afghanistan retains this flag and this identity through cricket. only, it must be stressed, mail cricket. in this world cup, they keep surprising. in mumbai, abraham said he was inspired. he threw 50 overs
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