things like volatile food and energy prices, so—called core inflation was 4.7%, the lowest since october 2021. the good news is that inflation has drifted down from last summer's a0 year highs, but it is still well above what the federal reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they don't need to raise interest rates further. the us central bank, you may recall, raised its benchmark interest rate to more than 5.25% percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. so while it's too early to say mission accomplished from the white house to wall street, there is a sense that progress is being made in the world's largest economy. china's e—commerce giant alibaba reported its strongest quarterly revenue growth in almost two years, pushing its us listed shares up more than 4%. earlier this week, the latest data showed consumer prices falling injuly — which is yet another sign of a slowdown in the world's second largest economy. derek deng is a consultant specialising in china's consumer market and he told us why e—commerce firms are doing well, despite the economic headwinds. lots of consumers have a habit of going online because of coronavirus and even before then. some of the trends sustained even beyond current affairs. it has to do with the investments, all the players have put into improving the user experience and investing on content or shopping videos, live streaming, all of those help to better the experience for customers. the second important factor is consumers have better orientation. consumers are more sensitive to price given the uncertainty with their income and economic outlook. so on nine financially becomes the place to shop when it comes to more value for money options. well, if you thought the post—pandemic return to the office would create a bonanza of investment into office space, think again. according to the latest research, investment in commercial real estate in the asia pacific region fell by 17% in the second quarterfrom a year ago. one of the authors of this report, pamela ambler, told us what caused this drop. we are seeing investments for the first quarter down 17% which is a result of the interest rate uncertainty. it's notjust interest rate uncertainty. it's not just the interest rate uncertainty. it's notjust the fed, asian central banks across the region are looking not only at their own economy in terms of data and economic growth figures as well as infection but also taking cues from the fed. with the interest rate uncertainty, the cost of borrowing has gone up significantly since the pre—pandemic era, which is one of the reasons why we have seen investment starting ever so slightly. we also have this situation where the buyers are not coming down to meet, or rather sellers not coming down to meet the buyers expectations and so the price gap is creating this halt in terms of transactions and activity across the region.- transactions and activity across the region. what about warehouses? _ across the region. what about warehouses? they _ across the region. what about warehouses? they were - across the region. what about warehouses? they were seen | across the region. what about l warehouses? they were seen as across the region. what about - warehouses? they were seen as a hot commodity during the pandemic because of the growth in on a shopping as we just spoke about. our warehouse is still quite hot property? we have seen _ still quite hot property? - have seen that, that sector is one of the bright spots we are seen. from a compared to a year ago those volumes were up and the reason being, as your previous guests mentioned, e—commerce is still very much a growing area even though it has peaked since the pandemic period. there's also drivers such as the third—party logistics providers as well as and users demand needing that logistics warehouse. facilities are now being updated to be rebuilt. another thing to consider is the movement of the logistics warehouse spaces from more peripheral roads are more urban centres where we can introduce the positive net migration into urban centres and the last mile they need to keep that closer to bring products to customers faster. since the launch of chatgpt, artificial intelligence has taken the tech world by storm, but its rapid progress has also divided opinions. seen as the latest disruptor, there's been a lot of discussions about how ai could steal millions ofjobs. but one company that's embracing ai is zeta global. it offers marketing solutions to some of the world's biggest companies, like bmw and jaguar. we caught up with co—founder david steinberg, who told me why he thinks the benefits from al outweigh the risks. if you think about the evolution of employment, lots of it started with the advent of it started with the advent of information flowing freely quickly. so this first led to manufacturing, the move from very expensive countries to lower—cost countries. then it led to information service employees moving from expensive countries to lower—cost countries. we are now seeing the next big sort of leap the suburb probably will hit white—collarjobs more than the last two leaves but will create more jobs at the end of the day than i believe it was destroyed.- than i believe it was destro ed. �* , destroyed. as you said, in the ast it destroyed. as you said, in the past it was — destroyed. as you said, in the past it was many _ destroyed. as you said, in the past it was many of _ destroyed. as you said, in the past it was many of the - destroyed. as you said, in the past it was many of the bulutl past it was many of the bulut blue—collar workers are affected by all the tech inventions, no the white colour workers are being affected as well, how do you think employees can remain competitive?— employees can remain cometitive? ., h . . competitive? that's a great auestion competitive? that's a great question and _ competitive? that's a great question and to _ competitive? that's a great question and to be - competitive? that's a great question and to be artifician question and to be artificial intelligence is a tool. you cannot build a house without a hammer. i believe that employees that embrace artificial intelligence and learn how to use it to take some of the monday functions of theirjob outs and use it to help them focus more on creativity, strategy, and relationship management, i think those would be the employees that thrive in the next generation. 50 employees that thrive in the next generation.— employees that thrive in the next generation. so what do you think needs _ next generation. so what do you think needs to _ next generation. so what do you think needs to happen _ next generation. so what do you think needs to happen here? - next generation. so what do you think needs to happen here? isl think needs to happen here? is it the government introducing regulations? what can be done? there needs to be a world standard on how artificial intelligence is done globally. if individual countries do it on an island it would be difficult for different countries to survive. one story i heard was the secretary of artificial intelligence in dubai, yes that is a cabinet level post, gave in incredible speech in paris talking about how when the gutenberg printing press came out, six governments in the middle east got together and made it in the gutter. in the period of time it was illegal, about 180 years, europe grew its economy on the fastest pace in his history at that time because of the gutenberg printing press, far outpacing the middle eastern countries who turned their back on it and made it illegal. so, embracing new technology is the key to future economic growth and prosperity for all but we have to make sure it is governed fairly. the global industry for menopause products is worth billions and includes things like lipsticks and vests which change temperature to combat the symptoms of hot flushes.. dr louise newson says there's little evidence that many of the supplements will make any difference at all. i worry about it. i don't work with any of these companies and don't do any paid work with farmer without transparency. i read somewhere it's $120 billion a year spent on menopausal products. if i was a businessperson if 1.2 billion women worldwide are menopausal hot will them to buy that question mark when i was struggling and unable to get treatment from the nhs i would've spent lots of money because it would've been cheaper than a divorce and if i could keep myjob and income. people are desperate to feel better. the advertising on some of the product is great but they also try to push people away from each artsy and it worries me because there's no real surety that some of the supplements would have. the money being spent on this is just awful, actually. and that's it for this edition of asia business report. thanks for watching. bringing you different stories from across the uk. this meeting injuly was supposed to be an opportunity for birmingham city council to tell residents about their plans for a £2 billion regeneration of their area. ladywood. but it descended into farce as hundreds were locked outside. the residents feel left in the dark about the plans, especially the fact that the council has sanctioned the use of compulsory purchase orders, giving them powers to force people out. i want something for my family and friends and children that's going to grow up and we're you going to stick them? are they going to be just pushed away and forgot? birmingham university lecturer laura kuttner moved to the area a few years ago. she'sjoined a campaign to give residents a voice. over 2000 people affected by this and theyjust don't know what's going to happen next, it's not as if the council has sent us letters saying that our homes are at risk of a compulsory purchase order. instead, we've had to find out from the news. but birmingham city council say the area is deprived and will benefit in the long run. this is a long term programme, 20 year programme for an area that most needs it. so no one's going to be turfed out of the house. there will be an offer made at some point. for more stories from across the uk, head to the bbc news website. hey, i'm dylan with the catch—up. tonight, devastation in hawaii, wilko in trouble and tourists in space. but first, at least 36 people have died in hawaii as wildfires sweep across the island of maui. the pictures are absolutely devastating. firefighters are struggling to control the flames. some areas have been completely burned to the ground as strong winds fuelled the flames overnight. dustin is one of thousands who managed to escape. and ijust helped everyone i could along the way. you got to know when you can. some other stories now in place in london. arrested nine people last night after clashes around oxford street. groups of people had gathered in response to posts on social media calling for trouble in the area. the home goods store wilko is in trouble after it failed to raise enough money to save the company. the chain's 400 stores will stay open for now, but it cuts 12,500 jobs at risk. and as elon musk finishes rebranding twitter to x, he's announced he's auctioning some memorabilia from the old twitter offices. aver at the women's world cup. laurenjames has been given a two match ban by fifa following the red card she received for stamping on the back of a nigerian player during england's match on monday. and finally, i'm going to leave you with virgin galactic�*s space flight. keisha schaaf and anna mares became the first mum and daughter to go to the edge of space. the third passenger, jon goodwin, is a former british olympian who bought his ticket all the way back in 2005. that's it from me. you're all caught up. hello and welcome to sportsday. i'm sara watkins. harry kane faces the bigget decision of his career — will he leave boyhood club tottenham for german giants bayern munich? the premier league is back — we'll hear from the defending champions manchester city day one complete at the women's open — and it's the usa's ally ewing who leads the way welcome along the programme. so it's appears it is now harry kane's decision to make. will he or won't he move to bayern munich? the german club has agreed a deal in principle with tottenham to sign their record goalscoredrfor 100 million euros.... so will he now leave london? kane has a year left on his contract with spurs, and racked up 280 goals in over 400 appearances.

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