Pacific. According to these findings, the region is expected to see a slowdown in growth next year, partly due to a lack of post—pandemic recovery from china, the well�*s second largest economy. A look at the report, joined by chief economist at your expecting a stage in pacific growth to slow due to the chinese slowdown. What steps can countries in this region take an urge to mitigate some impacts? take an urge to mitigate some imacts?. , �* , impacts? you're absolutely riuht. Impacts? you're absolutely right jen _ impacts? you're absolutely right. Jen has _ impacts? you're absolutely right. Jen has been impacts? you're absolutely right. Jen has been a impacts? you're absolutely i right. Jen has been a powerful right. Jen has been a powerful engine for growth in the world and slower growth means lower growth in the region. —— china. It needs to do more on its own to grow and that needs reform. First of all, of the service sectors sound breaks up. . . Not notjust for not just for services notjust for services in not 'ust for services in the notjust for services in the manufacturing notjust for services in j the manufacturing sectors notjust for services in the manufacturing sectors that use these services. At the same time, deeds to equip its people to work with the new technologies that are coming, robots and artificial intelligence, etc. Of course there are a lot of uncertainties in the world right now, the middle east work in the upcoming us election, how does it factor into your growth forecast for this region? knows the risks. We worry about them, just the existence of those risks inhibits investment and affects growth forecast. What is happening in the middle east, how it might affect supply of essentials like oil. We know it has already disrupted transport so transport costs are 40% higher than they were before the conflict. We will do things into our forecasts, the conflict. We will do things into ourforecasts, but the conflict. We will do things into our forecasts, but also what about broader. . . Political uncertainty, macroeconomic uncertainty, macroeconomic uncertainty and about what will happen with growth in china, and also policy uncertainty, what will happen to big policy in the united states after the elections. Those are the kind of things we try to measure, the sources of uncertainty. Thank you forjoining me and apologies for to some of the viewers for some of the audio being a little hard to hear. Let s now turn to india, where the maldivian president is on a five—day visit to the country. He's been having extensive meetings with prime minister narendra modi, with both sides announcing a range of measures to help the island nation overcome a severe economic crisis. Nikhil inamdarjoins us from mumbai with the latest. Nikhil, can you give us more detail on what's been announced so far? a number of financial measures have been announced. Essentially to help the maldives tied over the economic crisis it faces, including india extending two currency swap arrangements, one for about $400 million, the other in the local currency for about 30 odd billion dollars. The two sides have also agreed to kick—start negotiations soon on a free trade agreement. All of this coming in as the maldives faces a severe foreign exchange crisis, date free obligations to countries such as china which are coming out any time there. This also marks a bit of there. This also marks a bit of the diplomatic u—turn for the maldives because the president came to power on a very anti—india platform and there are derogatory remarks made by many motive ministers against the prem and esther, who was seen as being close to china. Clearly now as he faces an economic crisis, he has come here to mentor the diplomatic relationship. It is important that this relationship it sorted out, the important strategic location the maldives occupies. Strategic location the maldives occuies. . ~ ,. , strategic location the maldives occuies. . ~'. , strategic location the maldives occuies. . . ,. , occupies. Thank you for “oining me. Google says it will appeal a ruling in the us which says the firm must open its app store to competition. It is the latest development of an antitrust case brought by fortnite's maker epic games. On monday, a usjudge issued an injunction which takes effect in november. This blocks google from paying developers to use its google play store exclusively. A usjudge has authorised a bankruptcy plan for ftx to return money to customers, using over 16 billion dollars in recovered assets. The crypto exchange's collapse in 2022 left customers and investors facing billions of dollars in losses. Most stakeholders will get their money back under the deal. Turning to south korea, where samsung electronics has forecast an over 270%jump in its third quarter operating profit. Despite this, the world's largest memory chip, smartphone and tv maker missed analyst expectations. It has struggled to tap into the strong demand for artificial intelligence processors. Jung in yoon from hedge fund fibonacci asset management global gave us a sense of the road ahead for the company. The forecast for the third quarter earning was that it will record. . . Quarter earning was that it will record. . . — will record. . . Three's preservers _ will record. . . Three's preservers before. Will record. . . Three's| preservers before the will record. . . Three's _ preservers before the consensus that they're only 79 trillion won for sales and 1. 9 trillion won for sales and 1. 9 trillion won profits. If you look in the breakdown on the drm side with the exception of hbm, we continue to hear the demand situation is bad, so the possibility of the price for the next year is increasing. We are also hearing the fold over handset sales are not good for mobile phones, which is another drag any profit margin. In addition, the downward trend in memory price is acting as a headwind. . . We anticipate the future estimates will continue to go down. Future estimates will continue to go down— future estimates will continue to go down. Samsung has been very competitive _ to go down. Samsung has been very competitive in _ to go down. Samsung has been very competitive in traditional. Very competitive in traditional chips, but demand for those chips, but demand for those chips is decreasing. How competitive his samsung when it comes to ai chips? if competitive his samsung when it comes to ai chips?— comes to ai chips? if you compare _ comes to ai chips? if you compare with _ comes to ai chips? if you compare with its comes to ai chips? if you compare with its rival comes to ai chips? if you i compare with its rival which comes to ai chips? if you compare with its rival which is already supplying to nvidia, samsung is still struggling to pass the quality test and the future earnings may be determined by how many big tech companies samsung supply in the future and will the delay in passing the chip qualifying test for nvidia is not earning estimate, the performance and continued sluggishness of the invisible director in the earning well into the fourth quarter. Earning well into the fourth auarter. . , ,. , earning well into the fourth auarter. . ,. , the global head of uber says cheap chinese electric vehicles entering uk and european markets and said the company wanted to electrify its fleet of cars and that tariffs aren t helping. I think cheap chinese vehicles are a good thing for the environment. And i will tell you that china is transitioning from notjust being cheap, but also being high quality as well. And for us, we want to electrify our fleet and we want to make sure that it is affordable for our drivers to switch over to evs. Now, the political considerations of tariffs, etc, are not something that we can comment on, etc, but ourfocus is on the environment, and we think chinese vehicles that are low cost, that are high quality, could be a very important part of the switchover to evs. Do you have a view on tariffs — good thing, bad thing? i don't have a view on tariffs. 0k. But they make these cheap cars and these high quality cars more expensive in some of your key markets. By what you've said so far, it would follow you think that's a bad thing? i think if i'm taking a pure climate view, it would be a negative, just being honest. Are we just at a moment of revolution and disruption and that in all of these cases where you have disruption, you have some people, some legacy players who don't make it? and are we at that moment right now? listen, that's the definition of disruption, right? every revolution, changeover in platform usually starts with a huge amount of momentum, and then you've got to keep pushing. It'll go through a period of difficulty, which i do think we are in evs, and you've got to keep pushing through. And the fact is that change can affect some players negatively, but this is a change in the name of climate and emissions, and i believe we have to keep pushing forward. What do you say to the consumer, the uber consumer — you're saying that you should be able to have a preference for an ev vehicle, are you telling consumers just be a bit more patient and wait for an ev? well, we're setting actually a new product that we are offering for riders for them to set an ev preference, but we will only dispatch an ev if the difference between the dispatch is only a couple of minutes. So we're not saying, hey, wait 15 minutes, but if you have to wait another two or three minutes to help the environment, why not make that investment in terms of your own time? thatis that is all we have time for. Thank you for watching. Hey, welcome to the catch up. It's a year on from the october 7th attacks. We'll hear from people living in israel and gaza. First tonight, israel, hamas and hezbollah all launched more assaults on monday. The israeli army say over 100 missiles were fired by hezbollah into israel. In gaza, ten people have been killed and dozens more injured in an israeli strike on a refugee camp that's been reported by a hamas—affiliated news outlet. The israeli army said they'd repelled an attack by forces in yemen. People across israel and the world are remembering last year's october 7th attacks in which hamas killed about 1200 people and took 251 hostage. And since that date, the hamas—run health ministry say nearly 42,000 people have been killed during israel's campaign in gaza. Michal ohana was attending the nova festival when hamas attacked. The terrorists, they saw me and they shot me on my leg. And it was the sad day in my life. In this day, i lost ten of my friends and two of my friends they kidnapped, and they are still there in gaza until today. Bisan owda is from gaza. She's been posting updates on her instagram about her life under fire. Herfilm with aljazeera won an emmy last month. We need to praise the resilience of our people and how our people is resisting daily the trials, the israeli trials to delete them. And if you want to know more about all of this, we have a panorama special on the bbc iplayer. That's us for tonight. Take care. Have a good night. Hello there, i'm olly foster. Here's what's coming up for you on sportsday. Manchester city claim a legal victory, but so do the premier league. If there is a winner, then what will the impact be on the business of football? england's women edge closer to the semifinals at the t20 world cup, with their second win at the tournament. And chasing the americas cup dream in barcelona — we'll hear from the ineos britannia skipper ben ainslie. Hello there, welcome along. An independent arbitration panel dealing with manchester city's legal challenge against the premier league's associated party transaction — apt — rules has published its decision. It's found in favour of city regarding two of their complaints.
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