That members are being careful not to mistep in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay� s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. He was arrested at home in california charged counts of stealing on behalf of two Chinese Companies stealing ai. We understand he worked as a Software Engineer from 2019. In 2022, he started being courted by a chinese start up to be their chief technology officer. From then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres to meet advanced aim machine learning. Google uses to gain a competitive advantage over its competitors, like amazon and microsoft in order to reduce its reliance on nvidias chips. We understand that he then decided to create his own Technology Company and he sent a message any tatts outgroup to of the colleagues he planned to have, saying we have experience with their 10,000 card power platform, wejust with their 10,000 card power platform, we just need to replicate and upgrade it. This comes about a one year after we saw what you to create a Special Task Force designed on a clamping down on what they saw as a foreign interference and a ceiling of Trade Secrets when it comes to issues of national security. The latest arrests under that new Special Task Force. Katie silverfrom our newsroom in singapore. Chinas government is currently holding its annual parliamentary meeting known as the � two sessions. The worlds second largest economy has set a Growth Target of around 5 , which it achieved last year. But there are several headwinds, including the high Unemployment Rate among the youth population, many of them graduates. The bbc� s nick marsh has more. If you are graduating from university in china right now, you are entering a tough economic environment. Employers are feeling cautious as they are holding off from hiring. Also, dont forget the government in beijing has been cracking down in recent years on Certain Industries such as private education and the tech sector, not to mention the Property Sector which is in crisis right now. All of which have been popular destinations for Fresh Graduates in the past. There is also the question of what kind ofjobs are available. Young graduates want to become young professionals, they dontjust want to work in a factory or work as a Delivery Driver and even many white collared jobs arent that appealing to chinas very well educated middle class who have come to expect more thanjust a humdrum average officejob, especially seeing as they have studied so hard to get their degree in the first place. For these young people, there is a safety net. Many of them are an only child and they can simply live at home with their parents. In china, people talk about � lying flat�. This is what people describe it as. People also talk about doing sit ups, taking turns between lying flat and then jumping into the super intense Job Hunt Rat Race and then going back to lying flat again. What will beijing do about this problem . Well, like many issues with chinas economy, there is no such thing as a quick fix. We are talking about a society that is getting wealthier, better educated, and more urbanised. The old ways of Generating Jobs and prosperity, building things, making things for export, that is just not going to be enough any more. There are new developing industries such as ai super powerful computing, thats not going to do anything in the short term, really. For now, the president has told chinas young people they need to eat bitterness, which in chinese means to just grit your teeth and bear it. While Youth Unemployment in china has eased from last years record levels, it is hovering around 15 , according to the latest official figures, which excludes students. Thats higher than many countries in the region. Dan wang, Chief Economist at Hang Seng Bank china explained the impact that is having on the chinese economy. Its direct impact on the economy is not so obvious because the issue is quite invisible on its own but the consumption for this youth group between the ages of 16 and 2a is too high. They can get support from theirfamily and they have a new habit of borrowing online and offline. In terms of theirjob prospects, its quite dire but in terms of the impact on the economy, not very high. We heard nick say there is no quick fix solution for chinas government, do they have the tools to fix the issue . The government is still following their traditional ways of helping those Fresh Graduates, one way is to encourage the public sector, all levels of government, state owned enterprises to hire as many as they can. But that amount is quite limited. Another way they used to rely on is to ask students to stay in school for as long as possible. This will postpone the problem for another year or two and the economy may not necessarily climb out of this Business Cycle by then. In case you are not aware, taylor swift is in the middle of a series of six concerts here in singapore and this morning we are looking at the p0p morning we are looking at the pop icon was a Ripple Effect on the economy, especially on smaller businesses. Beyond travel and tourism, theres the beads, the buses and the beverages which are getting a swift lift. Look what you made me do, look what you made me do, look what you just made me do. These are some of our favourite songs or song lyrics that mean a lot to us. In one of her songs, i she has a line that says make your friendship bracelet, | alluding to our teen or younger days. 0ur teenage fan days i thought its a small business, good. Initially when i started a couple of week backs, it wasnt as fast moving but recently it is a lot more popular, a lot of supply shops as well, the run off Alphabet Beads and things like that. People start to panic and pick up a lot more. Stuff like this is in every once in awhile sort of situation so i wouldnt mind spending a bit more to be quite honest. Unless they are top i 1 in my heart, then i will go. These Friendship Bracelets are super fun and dressing up for concerts and things are really fun. Each flavour corresponds to each of her iconic songs from different eras. For this special collection, we actually tape her lyrics and incorporate our own wording inside. Yes, we see an influx of orders and a lot of questions. We also see the search of our Cafe Partners ordering as well. We have seen a rise and increase of about 20, 30 of our sales compared to the previous concert. Definitely attributed to the taylor swift fans and community being so supportive and trying out new things. I will say that with the name taylor swift is helping grow our business by quite a lot. Look what you just made me do. And before we go, barbie turns 65 this saturday to celebrate that milestone, Toymaker Mattel Has chosen eight entertainment and cultural stars, and created one of a kind barbie dolls made in their likeness. One of the celebrities is 0scar award winner dame helen mirren, whose barbie is a version of herself holding her 0scar. 0thers include actress viola davis and singers shania twian and kylie minogue. Virgin australia is launching a Brand New Service which will make pet owners very happy. In a first for australia, passengers will be allowed to bring their dogs and cats on board domestic flights. Good news for all those pet owners out there. And thats it for this edition of Asia Business report. Voiceover bbc news, bringing you different stories from across the uk. Potholes. They can be costly and potentially dangerous. Over the last year, west sussex has seen a spike, something that hasnt gone unnoticed by these people in burgess hill. So many potholes, you end up slamming down the road trying to miss them. Theres going to be a point where its going to be a danger to life. Some of the holes are really dangerous and with the heavy rain, its filling them in so you dont actually see them. You cant drive i in a straight line. You literally have to swerve potholes on every road. One of the methods of fixing or preventing potholes is using a jet patcher like this one. West Sussex County council says that some of the additional funding will be used to continue to pay for a third jet patcher this coming financial year. Just on this road theres five or six potholes. Yeah. However, Opposition Councillors believe that more money could be spent on road maintenance. Well, its really important that we make our roads kind of easierfor people to get around on. So absolutely, we support more money going into potholes. We found some extra money that could have gone in. Now we understand why they might not have chosen to do that, but we found extra money from some back Office Funding that would have put a little bit more into fixing our potholes. For more stories from across the uk, head to the bbc news website. Hey, im dylan with the catch up. Tonight, the Government Budget and nikki haley drops out. First up, it is budget day and the governance has announced both its spending and tax plans for the next year. It is likely the last Budget Announcement before the general election, here are a couple of the main points. National insurance will be cut by 2p which the government says will mean an extra £450 per year for the average worker. The chancellor also announced new taxes on vapes and a commitment to build more new houses for young people across the country. A lot of people, like journalist ruby, said more could be done to help them afford housing. I am currently being evicted from my house, looking for a new place, rents are incredibly expensive. We saw in the pandemic how the government was able to introduce protections for people with mortgages, why cant we do the same for renters . You can read much more about what todays announcements mean for you on the bbc news app and website. A couple of other stories now, and over in the us, nikki haley has dropped out of the president ial race meaning a rematch between donald trump and joe biden looks all but certain. A k pop star has apologised to fans who accused of betrayal having a boyfriend. 0ne fan apparently crossed a truck into the stars agency. It is time to leave you with ten seconds of lego. Check this out. 0ver1 million bricks have been used to recreate some of the worlds most famous artworks at the art of the brick exhibition in london full check out that handsome guy that is it from me, you are all caught up. Hello and welcome to sportsday. Im paul scott At The Bbc Sport centre. Heres whats coming up Six Of The Best defending champions Manchester City ease in to the last 8 of the Champions League after thrashing fc copenhagen. England hope to be in peakform as they prepare for the fifth and final test with india in dharamsala. And anthonyjoshua says he knows what hes up against as he prepares to take on ex ufc champion Francis Ngannou in riyadh. Hello and welcome along to the programme. Defending champions Manchester City have cruised in to the quarterfinals of the Champions League after a 6 2 win on aggregate over fc copenhagen. They beat the danish side 3 1 in the second leg at the etihad, watched by the bbc� s football correspondentjohn murray. It was as widely expected a formality for the holders as they confirmed their place in the last eight. They knocked out the danish champions with a scoreline that matched the first leg in copenhagen. The contest such as it was was certainly over inside the first ten minutes as they volleyed in from a corner and then another shot slipped through the gloves of the goalkeeper. The danes rallied with a well taken goal but Manchester City restored the two goal lead
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