Transcripts For BBCNEWS Asia 20240704

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Arrest warrant for alleged war crimes. Mr putin told the summit theyre on course to meet the aspirations of most of the worlds people. We also heard from south africas leader who reflected on his meeting with chinas president xijinping. Take a listen. President xijinping and i discussed the ongoing conflict between russia and ukraine and its Significant Impact on developing economies in africa and elsewhere. We both agreed on the importance of dialogue and negotiation between the two sides. The bloc accounts for about a0 of the worlds population and a quarter of the global economy. Lupin rahman, manages the Emerging Markets Portfolio at Investment Firm pimco. She told me what investors are looking for from the brics summit. Investors are looking at a more medium term outlook rather than having a near term Market Impacts but its important for emerging Market Investors to recognise is the first time brics are taking an International Voice for themselves and it is reflective of some of the nervousness and anxiety that many brics countries have faced relative to the last few years with the coronavirus shock, the ukraine war, impact on food prices and a large hike in the federal reserve, so investors will see how this summit plays out. Whether there will be an expansion in the membership or discussion of further lending by banks or if there is any scope of it, and currency, maybe not in the near future but perhaps 5 10 years down the line. Indias Lunar Mission is just a few hours away from attempting to land on the south pole of the moon. If successful, india will become the fourth country after the us, the former soviet union, and china to perform a soft landing on the lunar surface. So what does the mission mean for the countrys standing as a space power and forfuture Lunar Exploration . Heres Archana Shukla with the latest. Were all fingers crossed. It would be a moment of National Pride if indias lander is able to set down safely on the lunar surface to become the first country to land on the moons south pole, which is also called the dark side of the moon and considered trickier. There is great anticipation across the country with events and live screenings of the landing planned in educational institutions, many offices and public places. After a failure in 2019, this is indias second bid to land on the Lunar South Pole and is crucial for the countrys Space Ambitions and its reputation for cost competitive space engineering. After the crash of the russian Lunar Craft On Sunday and amidst renewed global interest in moon explorations, all eyes are now on india. It has taken a lead to expand knowledge of water on the Lunar South Pole, which Scientists Say could support Human Habitation on moon in the future. For india, a success of Chandrayaan Three will position it as a global space power. There has been a push by the Indian Government to increase investment in private space launches and satellite based businesses. And the interest is only growing since the sector was opened up for private companies in 2020. The number of Space Startups have doubled. Indias nascent space industry, which currently accounts forjust 2 of the global space economy, has an ambition to touch double digits by 2030. Yesterday we brought the story of the British Company arm trying to launch the largest ipo this year. The company designs choose for Smart Companies and game consoles. The Company Believes it could be the start of the next tech bowl market. Alfred chuang is from race capital, a Venture Capital firm based in silicon valley. He told me why arm is considered such an exciting prospect. They are important in technology in everyday life. There is 1 trillion valuation right now, do you feel that the company is being overvalued . Its a very unique company and has done a good job of catching the wave and defining the wave of what the world is it into, these large Neural Network based type of Artificial Intelligence network would change the week about how we will interact with the internet in the future. Every application will change ten years from now, so thats what they are written on and thats they are written on and thats the way tech is deleted. And thats what arm wrestle himself into the gpu, ai race right now. You may well be watching this from home. With hybrid and remote work increasingly common, lots of Office Buildings are empty. Vacancy rates are at 30 year highs in Many American cities new yorks vacancy rate was an eyewatering 22 in the first three months of this year. It raises the question what should be done with all of that empty space . From new york, Michelle Fleury sent us this report. The big apple, defined in part by its looming office towers, is sinking under the weight of skyscrapers made useless by remote work. High Interest Rates are making a bad situation worse. Many buildings are financed with short term loans. Theres about 1,000,000,000,000 in commercial Real Estate Debt coming due in the next 18 months. And so that will be hard to refinance these loans. And a lot of landlords will decide that its not worth it, and they will decide to give back the keys instead and default on those loans. Some Real Estate Companies will not survive the crisis. Others are pivoting. So this is a Vacant Office thats been used in the show equaliser. Finding a new lease on life. This Midtown Manhattan Tower often doubles as a film set, so this room is a office that the landlord left, as is for film and tv. Amanda weisenthal runs backlot, a company that helps film and Tv Productions find locations. She says landlords are waking up to the possibilities. A three to five day shoot can bring in 80 to 150000. Theyre very surprised by how much they can make. Yeah, backlot is really created a Revenue Stream that is real and shockingly real for a lot of landlords. I know he was planning on running for congress, so this space was brought to life in crime, drama, law and order. But a short lease is not a long term fix. A long time ago, this used to be the offices of goldman sachs. Today, the building is being repurposed into apartments, part of a much bigger conversion wave, which city Officials Hope will provide much needed housing. So weve got the plans here. Where are we standing right now . Right now were in the corner of the building. This is going to be someone� s living room. This roughly one million square foot tower undergoing a transformation from Office Cubicle to someone� s home where once was enclosure to a mechanical Cooling Tower will now be enclosed and made into a residential amenity room where an outdoor pool and all kinds of great spaces for the residents of the building to use. And its notjust a new york thing. Architect eugene florin, whose Company Centre ruddy is designing the floor plans, is fielding a lot more calls about conversions from across the country. Theyve been around for a long time. Theyre just getting a lot of attention right now because its become such a national, almost kind of emergency. What are the economics . It sometimes can be even more expensive than a brand new building. So there is this kind of careful economic factor where we have to be very smart about how we modify the buildings. So its actually, you know, Cost Effective to work. Whats stopping it in a lot of part of the country is economics completely. From permits to making sure you have the right structure to begin with. Its hard to make the numbers work, but Vacancy Rates are at an all time high, and as landlords struggle to find tenants, theyre being forced to think outside the box. Michelle fleury, bbc news, new york. Microsoft has made a fresh bid to buy gamemaker activiison blizzard in what would be the biggest deal of its kind in the gaming industry. Its been a tumuloutous 18 months try to get the purchase of the Company Behind titles such as call of duty and candy crush over the line. The original 69 billion Dollar Deal Split Regulators around the world, including being blocked in the uk. Microsofts president said the new offer was Substa Ntially Different and should be approved. The british authorities have said they will make a call by 18 october but this is not a green light. And thats it for this edition of Asia Business report. Thanks for watching. Bbc news bringing you different stories from across the uk. In the long shed next to the river deben, an extraordinary endeavour is taking shape. The painstaking recreation of the world famous sutton hoo burial ship. Using Tools Anglo Saxon shipbuilders would have used. The latest recruits are three apprentice joiners, just just massively appreciative of their craft and what they did and how they engineered these things to go on. 0n the sea. Since its discovery in 1939 by the local archaeologist basil brown, the story of sutton hoo and its extraordinary treasures has enthralled the world. Built in around 600 a d. , the ship is thought to have been the final Resting Place of backed by sponsors, donations and more than 100 volunteers. The charity, the sutton, whose ship Company Began reconstruction in 2019. Its an experiment where were building the best guess we can of what that ship looked like. But itll only be proved once we get it on the water. Once the planks are in place, the inside will be fitted out with seating for a0 rowers. If all goes to plan, the launch and river trials will take place in the spring of 2025. For more stories from across the uk, head to the bbc news website. Hey, im zoff with the catchup. Tonight. Fewer drug deaths in scotland, unlikely goings on in a graveyard, and a very rare giraffe. But first, our top story, the extraordinary rescue of all six schoolchildren and two adults trapped on a broken cable car, Stranded Hundreds of metres above a riverbed in pakistan. This was how the first rescue unfolded. You can see a person hanging by a rope moved out of the cable car before being carried away by a helicopter. A second child was rescued by using a zip wire. Sami can be seen descending from the cable car in the dark. He makes a safe journey to the ground. Some other stories now. Fewer people are dying in scotland from misusing drugs. Official figures show 1051 people died of drug misuse last year, a big drop from previous years. But scotland still continues to have the worst rate for drug deaths in the uk. And kids should be spending more time doing pe at school. Thats according to the youth sport trust. Data shows 4000 fewer hours of pe were provided by State Schools in the last academic year. And when i say graveyard, im sure a sombre picture comes to mind. So this next story, it might surprise you. Some couples in ipswich have been having sex on graves outside a church. Police want measures imposed to stop this happening. Time now, then forten seconds of a very rare giraffe. This baby giraffe was born with no spots at a zoo in tennessee. Experts believe she is the first ever of her kind. I love it. Shes absolutely adorable. Youre all caught up now. See you later. Hello and welcome to sportsday im tulsen tollet. Kenyan Faith Kipyegon claims a third world title as she wins the 1500m at the World Championships in budapest rangers twice let slip a lead as they draw 2 2 in the opening leg of their Champions League qualifier against Psv Eindhoven and 0wen farrell will miss the first two Rugby World Cup matches after being handed a four match ban on appeal

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