West shelf lng plant next year. West shelf lng plant next year. We expect the risk premium now for global gas markets should partially subside but what this incident really highlights is how fragile the global gas market is in the wake of the withdrawal of russian supply last year and global gas markets are still going to stay on edge towards any kind of risk of Supply Disruptions over the next few years. The next few years. That is a aood the next few years. That is a good point the next few years. That is a good point you the next few years. That is a good point you raise, the next few years. That is a good point you raise, saul, l good point you raise, saul, that it good point you raise, saul, thatitis good point you raise, saul, that it is a fragile situation fraught with worries. What more do you think can be done to try and insulate this in these circumstances . It and insulate this in these circumstances . Circumstances . It is very difficult circumstances . It is very difficult. It circumstances . It is very difficult. It is circumstances . It is very difficult. It is quite difficult. It is quite remarkable. A few hundred workers have managed to boil Global Markets and cause tens of billions of dollars in market movements. But it has happened because there is no resilience left in at the gas market. All the easy live as people have been exhausted so the Market Cannot absorb another big shock and it is really important for the next few years when there is not a lot of supply coming online and while russian supply State Of Mind that the industry maintains its reliability and any kind of threats, whether it is the likes of union action here, but other disruptions we see Around The World or even demand spikes. More recently we have seen pickup for demand in northeast asia. Any of these actions can see prices spike at actions can see prices spike at a global level. We cant separate Asia And Australia from us europe anymore and that is why traders are on edge and that is why Global Energy security is in such a parallel state for at least the next few years. The transition of one of the Worlds Largest media empires. Rupert murdoch has stepped down as the chairman of fox corp and newscorp ending a career that saw him spread his business from australia to the United States. A correspondence with the latest from new york. At 92 years old, Rupert Murdoch has been preparing for this day. His son is Chief Executive for fox and his siblings have cleared the way. The elder mr murdoch has been known to joke that he intended to leave his company feet first and perhaps in that spirit Rupert Murdoch said he will remain close at hand, keenly watching his media outlet� s offerings and reaching out with thoughts, ideas and advice. He will become a emeritus chairman of both companies in mid november. It is hard to overstate mr murdochs influence on the media and Political Landscape domestically and Around The World. His News Platform capitalised on waves of Right Wing Populism in the United States and elsewhere that sometimes repelled conservatives to power and shape Public Opinion in their favour, sometimes landing in legal trouble. Fox news, The Crown Jewel in his portfolio, recently settled a Defamation Lawsuit from the amplification of president trumps false claims about the election for a historic 787 million. With another lawsuit in the works and with streaming and digital encroaching on mr murdochs cable and newspaper empire, the younger mr murdoch will have his hands full. Lets turn to Financial Markets because asian stocks are falling lower after Federal Reserve official said they will be keeping Monetary Policy tied for a while longer than expected. Lets put out some figures for you. Injapan, the figures foryou. Injapan, the nikki haley is now done more than 1 . Again, that is after a broader sell off in us stocks that followed remarks by the fed Chairmanjerome Powell warning that inflation still has a long way to go before it approaches the Central Banks target. But the feds restrictive policy has global repercussions, so what is that impact . Our Business Correspondence across key economies from the west to the east break it down for us. Hello. I am in london where the Bank Of England has unexpectedly kept Interest Rates on hold. That follows iii successive rate rises which are taking the cost of following up from 0. 1 to 5. 25 which was done with one goal in mind to keep inflation under control and it does seem to have been working. Prices are still rising rapidly but not nearly as rapidly as they were a couple of months ago. But that has given the bank a dilemma. Does it stick . Keep rates on hold or keep spiralling them upwards . Increasing Interest Rates comes with a cost. People on variable rate home loans are seeing their payments go up. Businesses with high levels of debt find that harder to sustain. There is a risk of choking off Economic Growth and on this occasion the banks decided to stick and keep rates on hold. That is the situation here in the uk. Now, lets see what has been going on in india. After aggressively raising Interest Rates india has kept the key lending rate steady at 6. 5 for the last six months but the core focus is still on taming rising prices and the market here in Suburban Mumbai tells us precisely why. Erratic monsoons have driven up food prices for rice and particularly for vegetables, forcing the government to come up with subsidies and export bans but the consumers are feeling the pinch the most. Household savings have dipped to the lowest in decades and there are fears that in the upcoming Festive Season people will be spending a lot less. That is the story in india. Lets see what is happening in the rest of asia. I am nick marsh in singapore were normally this area would be bustling with Chinese Tourists but they are not travelling or spending at the moment. Not because of high prices but because of low confidence in the economy. While other Central Banks are rising the Interest Rates, the peoples bank of china is lowering them. They are trying to lift the gloom around the economy. Typically chinese consumers buy property as a way of investing their money but the market is in disarray at the moment and it is making them nervous, but dont expect anything too drastic from the Chinese Communist party. So far, their mantra has been everything is under control, nothing to see here but the roots of chinas economic problems run deep and it is not going to be solved with a quick fix. And that is the view from Around The World. What if i told you that changing the shape of an aeroplane could cut its Carbon Emissions in half . A Company Called jet zero is promising just that and we met with the boss at the headquarters in california. Wu The Advent Of Composites Aircraft is the thing. It is a great enabler of this particular shape, so we can build this shape which is more efficient, what world needs right now, most is a step change in aviation and that is exactly what this new airframe can provide. If you are talking about the possibility of 50 savings in efficiency and fuel burn, our Airlines Just knocking down your door . Absolutely. We are talking to all the Major Airlines globally because 50 hasjust not been on the table. They are used to a Percentage Point or two based on their configurations so they are absolutely interested in this. I want to know. Without damaging it. Pick the model up here. We can see in the picture here. We can see in the picture here you have got the windows. So, what the passengers sit along here and along here and inside the gaps of the plane . Without a window, obviously. Of the plane . Without a window, obviousl. , obviously. That is exactly ri. Ht. I obviously. That is exactly right. I know obviously. That is exactly right. I know it obviously. That is exactly right. I know it is obviously. That is exactly right. I know it is early i obviously. That is exactly i right. I know it is early days but do we right. I know it is early days but do we have right. I know it is early days but do we have any right. I know it is early days but do we have any idea right. I know it is early days but do we have any idea of| right. I know it is early days i but do we have any idea of the kind of passage or experience you will get on board this . This will be a different shape of an this will be a different shape of an aircraft and it gives us an opportunity to focus on all the improvements that shape enables the improvements that shape enables. So, from the front of the aircraft, the windows are basically the aircraft, the windows are basically forward facing all the way to after the aircraft were the way to after the aircraft were we the way to after the aircraft were we can create a more spacious were we can create a more spacious environment. The possibilities are amazing. And it all sounds possibilities are amazing. And it all sounds very possibilities are amazing. Situc it all sounds very promising. Lets talk about the reality. Where are we at . You will build a prototype. When will it be in the air . We are working with nasa and the air force to build a prototype to demonstrate the capacity for performance with this airframe at full scale. That is a four year programme. 2027, we fly that plane. A prototype then . Exactly. And then certification and scale to manufacturing. Bring it to the market. That is how you address it. That is it for this edition of Asia Business report. You can find more on the website. Thank you very much for watching. Have a great day and a great weekend. Hey. Im dylan with the catch up. Tonight tiktok frenzy. Academics talk taylor swift. And a precise parachute landing. But first a woman in los angeles has decided to speak publicly for the first time about an incident in 2008 involving Russell Brand that she says happened in an Office Building shared with the bbc. The woman who worked for another Media Company says Russell Brand exposed himself to her and then laughed about it on his radio 2 show. Russell brand has not responded to this latest allegation, but has previously denied any wrongdoing. Next up a bbc investigation has found tiktok is driving online frenzies that encourage Antisocial Behaviour in the real world. Ex employees say tiktok is not doing anything to stop the growth of these videos because they do not want to lose users. They dont want to stand in the way of entertainment growing quickly on their platform. Its about money. The more users they have on the platform spending more time watching videos, they can sell more ads. It is probably the most addictive platform we have encountered yet. Some other stories now, and five people from bulgaria who have been living in the uk have been charged with spying for russia. The three men and two women will appear in court next week. The actress Sophie Turner has sued joe jonas for the return of their kids to england. She says he wont hand over their passports following the couples split. And australia is to host an academic conference on the impact of taylor swift. The swiftposium will discuss the singers influence on music, culture and even the economy. And finally here is ten seconds of potentially the best end to a skydive you will ever see. This skydiver perfected an incredible landing on an Inflatable Unicorn Afterjumping out of a plane at a skydiving festival in nottingham. Thats it from me. Youre all caught up. Hello. Im mark edwards and welcome to sports day. Lets look at what is coming up on the show. A record breaking win for france but at what cost . A nightmare for the hosts as Antoine Dupont comes off injured. Not long until this happens for real. We preview the solheim cup and review the opening pairs. And a scare for liverpool but their thursday night Europa League adventures begin with a win. Hello and thank you for joining us on sports day. Its a moment that has the entire collective french rugby Public Holding its breath. Antoine dupont, their talismanic captain, the 2021 World Player Of The Year and arguably the finest player currently on the planet is transported to hospital after being involved in a head on head collision in frances record breaking win over namibia. The world cup hosts made three wins from three with the Demolition Job 96 0, their biggest ever winning margin but the injury will dominate headlines. Namibias Captain Red Carded for the tackle that overshadowed a ruthless performance, with the winger Damian Penaud scoring a hat trick. They ran in ia tries in marseille. From one captain to another, owen farrell returns to the england starting lineup after serving a four match ban, preparing to taking on chile on saturday. There are 12 changes in total as farrell takes his place at fly half while the fellow number ten marcus smith moves to fullback with george ford dropping to the bench. Massively excited. I have been looking forward to getting into the world cup and obviously it has been, i mean, tought not playing but it is been brilliant to see what the lads have done on the pitch and i cannot wait to be a part of that. Andy farrell has made one change to his side as they face south africa. Connor murray dropped and plenty at stake with the winner of the match likely to top the group and avoiding the hosts france with a probable quarter final against new zealand. Playing the world champions, they are a very good team and they have come into great form over the last few weeks so yeah we will have to be on top form as well. It is only when you win you can enjoy it. If you are Walking Around the stadium after a defeat, it is not the same so ive been able to enjoy the first two and that isjust because of the results