out for a fresh one. there are more than 10,000 of these charging stations across taiwan, with more than a million of these batteries in them. that should mean goodbye to range anxiety. well, if my vehicle has a 100 kilometre range, i can only go 50 and then 50 back. which means that now you have a tether on your neck, everywhere you go, that s not a solution. we are solving for range anxiety also at the same time because you can just hop, hop, hop from point to point. this could be the answer to zero emissions personal transport for many of asia s huge megacities. and for this taiwan start up, the next stop is india. the world s largest contract electronics manufacturer, foxconn, made $33 billion us dollars in profit in the second quarter of the year
the towering new build condos show just how far china has come. but the struggles of the property sector are the latest sign of the serious problems facing the world s number two economy. last week, it reported it had slipped into deflation and trade dropped on the back of weak demand from both at home and abroad. and what all of this does, well, it adds pressure on beijing to rule out more measures to boost the economy. that was katie silva. now from mumbai to bangkok and jakarta, motorbikes are the most popular form of personal transport across asia. they re cheap and convenient but also extremely polluting. one taiwanese company believes it has a solution. it s built a large network of battery stations to lower the cost of going electric. our asia correspondent, rupert wingfield hayes, sent us this report from taipei. here i am in taiwan and this little electric scooter may not look like anything revolutionary
gas workers in australia will vote on whether to strike threatening a surge in prices in europe and asia. and russia s rouble slumps to a 16 month low against the dollar, as the economy reels from western sanctions. and action also in ukraine of course. let s start in australia, where workers at the country s lng plants those that produce liquefied natural gas will decide this week if they ll go on strike over pay and employment rights. why is this important? european natural gas prices surged almost 40% last wednesday, when the threat of strike action was first announced. demand and reliance on lng has grown especially since the russian war in ukraine has made countries seek out alternative energy supplies,
on liquefied natural gas after the sanctions placed on russia. at the moment, the european natural gas storage facilities are close to 90% full, so that does mitigate some of the worst parts of the risk, but supply and demand is so finely balanced in europe that only a small amount of natural gas supplies coming off market has a massive ripple effect of bringing prices up as you said 40% on a single day last week. as you said 4096 on a single day last week. , ., week. and yet, the demand in the northern hemisphere week. and yet, the demand in the northern hemisphere has- week. and yet, the demand in the i northern hemisphere has effectively dropped, hasn t it? the concern i suppose is asia and the fact they will be sorting out other spots of supplies? will be sorting out other spots of su lies? , ,., will be sorting out other spots of su lies? , a. will be sorting out other spots of su lies? , a. , supplies? yes, so asia is the laruest supplies? yes, so asia is the largest importer
to hit over $730 billion. and most of that won t be coming from developed economies like japan, but from places like southeast asia. earlier, i spoke with principal analyst lesleyjoseph and he explained why. so asia is between the new and the old at this point, but there are several nuances, so i thought i would illustrate this with three stories. the first is, if you think about developing asia like indonesia, it particularly offers a very apt metaphor for this inherent tension between developing asia, growth and legacy and future and past. the capitaljakarta, for example, incredible place, it has a young, digitally native population, bursting at the seams with digital adoption. there is also a healthy venture capitalism ecosystem and significant tech talent. all of this is happening while the city itself is sinking into the java sea, due to uncontrolled