Pleaded guilty to one count of violating the banks secrecy act, Resolving A Multi Investigation by the Us Government into the well� s largest cryptocurrency exchange, binance. As part of that agreement he also stepped down as ceo. The founder apologised to the court in seattle, saying his company had now put in place anti Money Laundering controls. It was watched by his mother and sister who were in court as he learned his fate. The sentence was considerably shorter than the three years prosecutors were demanding and less than the 1218 were demanding and less than the 12 18 months recommended underfederal the 12 18 months recommended under federal guidelines. The 12 18 months recommended underfederal guidelines. Once under federal guidelines. Once considered the underfederal guidelines. Once considered the most powerful person in the crypto industry, he is the second major crypto boss to be sentenced to prison. In march, sam bankman fried received 25 years behind bars for stealing 8 billion from customers of his now bankrupt ftx exchange. Unlike ftx, binance is still the Biggest Cryptocurrency Exchange in the world and Changpeng Zhao has his eye on the future. We recently announced plans to have an online Profit Education platform. In other news, mcdonalds reported a weaker than expected quarterly profit as consumers cut back on their spending. Globalsales as consumers cut back on their spending. Global sales were down 1. 9 year over year, that is lower than it increase seen in the First Quarter 2023. Many first of us Food Restaurants have increased their prices due to increased costs. Starbucks has reported a Surprise Drop in labour challenges will my on some parts of asia. The International Monetary fund is forecasting slower growth. As anthony is ahead. Due to an ageing population now. We hear more from the director of the asia pacific region. Iii director of the asiapacific re. Ion. ,. , director of the asiapacific re. Ion l, director of the asiapacific reuion. ,. ,. , region. If you look at china, the population region. If you look at china, the population is region. If you look at china, the population is ageing, i region. If you look at china, | the population is ageing, this was a challenge for china over the medium term. That accounts for why they revise our global forecast. If you move the other way, then you have india, where you have a population is much younger, every year you have significant people working. Sa ivet saivet you would mention china their commonality seeking to fix the economic challenges . Demand is pretty weak. That is partly due to what is happening in the Property Sector. There are several measures to address the Property Sector. But that said, confidence in the Property Sector has not come back. What we have been advocating to the government is to put in place policies to address in a straightforward way the Property Market stress. We have talked about three policies, one, of course, you have seen the yen moving and the right implications for the currency. And the right implications for the currency. One thing that i have emphasised the currency. One thing that i have emphasised is the currency. One thing that i have emphasised is that the currency. One thing that i i have emphasised is that Central Banks should look past these and focus more on domestic inflation. They need to look at what is happening in domestic inflation and policy accordingly. Speaking of the fed, the Us Central Bank will unveil its Policy Decision on Interest Rates tonight. With the latest Inflation Reading for march at over 3 , higher than the feds target of 2 , hopes have dimmed that the cost of borrowing will be lowered at this meeting. And as youve just heard, the International Monetary fund is recommending that Central Banks in asia pay close attention to domestic factors, instead of taking their cue from the us federal reserve. Jun bei liu of Tribeca Investment partners. I think the asian economy should always focus on their own economy for sure but i think unfortunately for the trade today after that, we often follow what is happening globally and if youre looking at here in australia, the rates are not likely to be cut until we see what is happening in the us because of the trade of facts. And looking at the economy, and also keeping an eye on whats happening in china as well. Mentioning the strength of the us dollar, how is that impacting us here in asia. Its going to affect the debt and asia has a very us high dominated debt including chinas well and if the us Interest Rate stays higher for longer, that means the us dollar will stay higher for longer and it will put pressure on the Economic Activity within the region and this is what we worry about, the high us Interest Rates and if it stays high, the us and other stay strong and putting pressure on it but chinas very different beast of the moment because activity is picking up because of stimulus and its own domestic economy and that is fighting its way through it i think the pressure that china does have is being sped up. The us and europe have been going after china for unfairly propping up its car market. Some action is expected. The anti subsidy investigation is wrapping up in the coming weeks and some sort of actions expected. But annual sales of electric vehicles above a0 , the mood remains optimistic as a china correspondent found out at the beijing auto show. Until recently, the idea that electric vehicles would make up a significant portion was something for the future. And then china came along and thrust the future upon us now. It is achieved this with breakneck growth in the industry fuelled by Government Subsidies and the problem is the americans are saying that chinas brand as an unfair advantage on price or being able to flood markets and other countries and rates the local Brands Cannot Compete with and they are threatening to put tariffs on chinese cars to level the playing field. The Counter Argument to that is at the beginning, you needed having such subsidies and Charging Stations to give electric vehicles a significant enough portion of the market to survive into the future and the biggest changes happening in terms of the attitudes of ordinary people you just had to speak to the would be customers of this You Auto Show to see that. Translation in chinas big cities, more are choosing electric cars because they are good value for money and for the environment. They have become totally normal and accepted. They have good tech and theyre good to drive. From voice triggered instructions, to the latest flashy on screen displays, chinas Electric Vehicle Industry is showing off what it can do. These Charging Stations boast 500km or 310 miles of Driving Afterjust 12 minutes plugged in. Factories and the like are goingto need export revenue to make their money back and many will not survive because the competition is just so fierce it at the upside is, they can always fall back on the massive domestic markets the itll keep going as more as more and more people make the switch away from traditional vehicles. As you can see, all three major indices close in the red. As you can see, all three maor indices close in the redi indices close in the red. More business indices close in the red. More Business News indices close in the red. More Business News and indices close in the red. More Business News and the indices close in the red. More Business News and the next l Business News and the next hour. Bye for now. Hey, im zof with the catch up. Tonight protesting continues in the us, a different type of game for haaland and taylor swift classes. Our top story a 14 year old boy has been killed and four people have been stabbed in a sword attack in northeast london. The other victims are in hospital but are not thought to have life threatening injuries. A man has been arrested. Police have called it a horrific incident but said it wasnt a targeted attack. Next, Pro Palestinian protests are continuing at University Campuses across the us. Demonstrators at columbia uni in new york ramped up their protest by taking over Hamilton Hall early on tuesday, barricading themselves inside the building. Protesters across the country have called for universities to Boycott Companies and individuals with ties to israel during the war in gaza. Some other stories now. One of the worlds most popular phone games, clash of clans, has shared a new surprise character. An animated Erling Haaland will become the barbarian king in the game. The Man City Star said he is a long time fan. I think they got the hair just right, actually. And parents of taylor swift fans who cant tell their bad blood from their blank space are going to be offered help for a class on the pop star. Glasgow Clyde College said the one off event will cover taylor songs, her wardrobe and crowd chants at her gigs. Time now to leave you with ten seconds of king charles as hes returned to public duties with a visit to a Cancer Centre in london his first Public Engagement since he was diagnosed with the disease in february. And youre all caught up now. See you later. Hello and welcome to sportsday. Im gavin ramjaun. A thriller between two heavyweights of the Champions League as the semi between Bayern Munich and real madrid finishes honours even. The defending champion survives a scare to reach the madrid open quarter finals. Ronnie osullivan comes from behind to draw level with Stuart Bingham at the World Snooker championship. And water sports join together, to call for rivers, lakes and coasts to be cleaned up in the uk. Hello there, and welcome along to the programme. Bayern munich against real madrid with the stellar talent on show, promised so much, and their Champions League semi final duly delivered. Two of englands big names, in harry kane and jude bellingham, were facing up on opposite