Half the globe s total wealth. Now a bri project could be a railway in kenya, he could be a port in sri lanka, a bridge in the maldives, the largest project so far has been the china Pakistan Economy corridor. It goes through kunz or rob, which is a Desert Mountain pass on the china pakistan border. The second thing you need to know is that it has two official names, one for inside china and one for outside china. Now initially was called one belt, one road four which sounds great in chinese, a grand plan led by china. The problem is in english, that sounds bossy, like china is dictating to the rest of the world. So if you years ago, the name was changed to the slightly blender but less threatening bell and road initiative. The third thing is that its controversial for some, china has ploughed more than 1 trillion. Their airports and roads that would not exist were it not for chinese investment. But ultimately nothing comes for free. It is in a so called debt trap, where the recipient
The north of the territory has again been heavily bombarded by israeli air strikes. And meanwhile, a video analysed by bbc verify appears to show an air strike at The Crossing Itself earlier the extent of the damage is unclear. The video was recorded by cctv footage on the egyptian side of the border and published by egyptian News Channel Al Qahera news. Well hear more about the conditions inside of gaza, but first a report from our international editor, jeremy bowen, who is in southern israel. Another war, of words, has started over who is responsible for the suffering of Palestinian Civilians in gaza. Israel is dropping the bombs. It says blame hamas for killing and kidnapping and, says israel, hiding behind civilians. Gazans crowded into un schools after israel told them to move south towards the egyptian border. They are supposed to be protected by the laws of war. America has felt it necessary to deliver repeated reminders of that to israel, along with military aid. This grandmoth
With their own areas of expertise and distinct personalities. And its revealed a new product. Ray ban sunglasses with al built in that can film and upload videos and answer questions. They go on sale next month for 299. Heres a taste. Our correspondent in Silicon Valley James Clayton was at the event at meta hq and had a chance to try out one of the other updated gadgets the mixed reality headset. This is meta connect. Metas first in person event since the pandemic. Mark zuckerberg is just about to speak, and its his chance to breathe life into the metaverse, a concept that, quite frankly, feels like yesterdays news. How do we unify these experiences of the physical that we have with this vibrant Digital World to create something that is more coherent and just better than anything that we have today . The latest product that meta was showcasing was its new virtual and augmented reality headset, the quest 3. Its not released until next month, but they let me play around with it. The big
Of the countrys Statistics Bureau made a stark warning about the number of Vacant Properties in the country. He said chinas massive population of 1. 4 billion people was not enough to fill the number of empty apartments across the country. Our Asia Business reporter Monica Miller explains. Debt restructuring plans fell apart over the weekend which has led to a massive sell off this morning. We are seeing here in asia, about 24 . This was an unexpected development. The embattled developer said that later on sunday it was unable to issue new debt due to the Ongoing Investigation into one of its domestic subsidiaries. Now this company has been plagued with trying to figure of how to pay off its debt with onshore as well as Offshore Companies and investors. You know, it slumped since 2021 when evergrande defaulted initially on its debt obligations. That was following a clampdown from the government on new borrowing. Multiple homes have been purchased by speculators in this market. That hap