Transcripts For BBCNEWS Asia 20240704

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india, china and south africa — along with at least 50 heads of state and government. president putin attended by video link. he can't attend in person because of an international arrest warrant for alleged war crimes. mr putin told the summit they're on course to meet the aspirations of most of the world's people. we also heard from south africa's leader who reflected on his meeting with china's 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. 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 it's 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. india will become the fourth country to perform a self landing on a lunar surface. so what does that mission mean to the and you's standing as a space pub and for future lunar exploration? let's take a look with our guest.— with our guest. with all finaers with our guest. with all fingers crossed, - with our guest. with all fingers crossed, it - with our guest. with all. fingers crossed, it would with our guest. with all- fingers crossed, it would be a moment of national pride is india's lander was able to sit down safely on the lunar surface to become the first country to land on the moon's first pole, called the dark side of the moon and consider trickier. there is great anticipation across the country with screenings planned in institutional, and elsewhere. this is the second bid to land on the winner's sample and is crucialfor on the winner's sample and is crucial for the country's space ambitions and its reputation. after the crash of the russian dinner craft on sunday and amidst global interest, all eyes are now on india. it is taken as read to expand knowledge of water in the lunar south pole which scientists say could support human habitation on the moon in the future. for india, a attempt to position it is a space power. there has been a push by the government to increase interest. and the interest is only growing. since the sector was opened up for private companies in 2020, the number of space start—ups have doubled. india's space industry which account forjust doubled. india's space industry which account for just 2% doubled. india's space industry which account forjust 2% of the global space economy has an ambition to attach double digits by 2030.— ambition to attach double digits by 2030. yesterday on the programme _ digits by 2030. yesterday on the programme we - digits by 2030. yesterday on the programme we brought i digits by 2030. yesterday on i the programme we brought you the programme we brought you the story of british microchip designer planning to list in the us next month. it was expected to be the largest initial public offering or ipo this year. a guest is from a venture capitalfirm this year. a guest is from a venture capital firm based this year. a guest is from a venture capitalfirm based in silicon valley and he tell me why it is considered such an exciting prospect. it why it is considered such an exciting prospect.— why it is considered such an exciting prospect. it has the most dominant _ exciting prospect. it has the most dominant market - exciting prospect. it has the l most dominant market share. do you think some of these companies are being overvalued? i think. _ companies are being overvalued? i think, first of all, it is a very unique company. they have done a very good job in terms of catching the wave and defining the wave and the way the world is heading to. these [an e the world is heading to. these large network _ the world is heading to. these large network bases, - the world is heading to. these large network bases, type - large network bases, type artificial intelligence network is going _ artificial intelligence network is going to change everything about— is going to change everything about the way we're going to interact_ about the way we're going to interact with computers in the future — interact with computers in the future. ten years from now, almost _ future. ten years from now, almost every application is going _ almost every application is going to change. a lot of that will be — going to change. a lot of that will be self instrumented. so that— will be self instrumented. so that is— will be self instrumented. so that is what we are betting on and that— that is what we are betting on and that the way we are leading and that the way we are leading and that— and that the way we are leading and that is, honestly, it's about— and that is, honestly, it's about we _ and that is, honestly, it's about we have to arm wrestle themselves into this gpu ai race — themselves into this gpu ai race also. themselves into this gpu ai race alse— themselves into this gpu ai race also. well, you may be watching — race also. well, you may be watching this _ race also. well, you may be watching this from - race also. well, you may be watching this from home . race also. well, you may be i watching this from home with hybrid and remote work increasingly common. lots of office buildings are now empty. vacancy rates are at a 30 year high in many american cities and new york's vacancy rate was at high water and 22% of the first two months of the year. this raises a question, what should be done with all that empty space? we have this report. the big apple, defined in part by a slimming office towers, is sinking under the weight of skyscrapers made useless by remote work. i interest rates are making a bad situation worst. many are financed by short—term loans. same out there is $1 trillion due the next 18 months of that will be hard to be finance these loans lot of landlords will decide that it is not worth it and they will decide to give back the keys instead in default on those loans. some of the state companies will not survive the crisis. 0thers of the state companies will not survive the crisis. others are pivoting. survive the crisis. others are ivotina. survive the crisis. others are pivoting-— survive the crisis. others are ..ivotin_ , , ., pivoting. said this is a vacant office that — pivoting. said this is a vacant office that has _ pivoting. said this is a vacant office that has been - pivoting. said this is a vacant office that has been used - pivoting. said this is a vacant office that has been used in i office that has been used in the show— office that has been used in the show equaliser. - office that has been used in the show equaliser.- office that has been used in the show equaliser. finding a new lease — the show equaliser. finding a new lease on _ the show equaliser. finding a new lease on life, _ the show equaliser. finding a new lease on life, this - the show equaliser. finding a l new lease on life, this midtown manhattan tower often doubles as a film set. so this rumour is an office that the landlord left as is for film and tv. amanda runs a company that helps film and tv productions find locations. she says landlords are waking up to the possibilities. at 3—5 day shoot can bring in $80—$150000. we met were very surprised by how much they can make. yeah, we have they created a revenue stream that is real.- stream that is real. and shockingly _ stream that is real. and shockingly real - stream that is real. and shockingly real for - stream that is real. and shockingly real for a - stream that is real. and shockingly real for a lot| stream that is real. and l shockingly real for a lot of landlords _ shockingly real for a lot of landlords. [— shockingly real for a lot of landlords.— landlords. i know he is planning _ landlords. i know he is planning on _ landlords. i know he is planning on running i landlords. i know he is| planning on running for congress. planning on running for congress— planning on running for concress. , , planning on running for contress. , , congress. said this space was brou . ht congress. said this space was brought to — congress. said this space was brought to life _ congress. said this space was brought to life in _ congress. said this space was brought to life in law - congress. said this space was brought to life in law and - brought to life in law and order but are short this is not a long—term fix. a long time ago, this is to be the offices of goldman sachs. today, the building has been repurposed into apartments. parts of a much bigger conversion wave which city officials hope will provide much—needed housing. and we look at the plantier, where we stand in right now? at the micro delaware in the corner of the building which will be someone's living room. this tower is undergoing a transformation. from office cubicle to someone's home. you'll american enclosure to mechanical cooling tower will be made into a residential amenity rooms and outdoor pool and all kinds of great spaces for the residents it is not just a new york thing. this architect is fielding a lot more calls about conversions from across the country. they have been _ from across the country. they have been around _ from across the country. they have been around for- from across the country. they have been around for a - from across the country. they have been around for a long i have been around for a long time. that is getting a lot of attention my dad because it has become such a national, almost kind of emergency.— become such a national, almost kind of emergency. what are the economics? _ kind of emergency. what are the economics? at _ kind of emergency. what are the economics? at the _ kind of emergency. what are the economics? at the market - kind of emergency. what are the economics? at the market can . kind of emergency. what are the | economics? at the market can be 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 building so it is actually, you know, cost effective. what is stopping it and a lot of the countries economics completely. from permits to making sure you have the right structure to begin with, it is hard to make the numbers work but vacancy rates are at an all—time high. and as landlord struggled to tenants they are being forced to think outside the box. in other news, making headlines, microsoft has made a fresh bid to buy game maker activision lizard. it would be the biggest deal of its kind in the gaming industry. now, it has been a tumultuous 18 months to try to get the purchase of the company behind title such as call of duty and candy crush over that line. the original $69 billion deal split regulators around the world including the united kingdom. microsoft president said that the new offer was substantially different and should be approved. the british authorities have said that they will make a call on it by the 18th of october but this is not a green light. and before we go let's check the markets right now. 30 much flat. following wall street's lead. a slightly lower on tuesday as investors remain worried about what the federal reserve is going to do with its interest rates. that is all we have for you in this edition. you can always keep up the day's by visiting our website. download our app. thanks for watching. bbc news bringing you different stories from across the uk. in the long shed next to the river deben, sometimes it takes a unique eye to appreciate its hidden potential. leaf cuttings and berries found in a nearby hedge plus a vision and some determination can create something truly wonderful. stare something truly wonderful. are low, therefore _ something truly wonderful. site: low, therefore domain it something truly wonderful. 22 low, therefore domain it was winston. i environmental artist or land artist. so, whereas another artist might use paint and brush to use natural materials. in a nutshell, i pick something up and move from one place to another. so capote to those who i didn't know what i was going to make a tool but i was going to make a tool but i picked up some of these from a horse chestnut tree. which we are under now. i was just looking at these and the more closely i looked ijust thought that they were amazing colours. despite a simple design but it is going to take a little bit of application to make it look nice. ~ , ., h of application to make it look nicer ,., �*, ., ., of application to make it look nice. ~ ,., �*, ., ., nice. winston's artworks can take anywhere _ nice. winston's artworks can take anywhere from - nice. winston's artworks can take anywhere from five - nice. winston's artworks can - take anywhere from five minutes to five hours and although a simple gust of wind can destroy these masterpieces, it is the process and the impact that it has on passers—by that makes this labour of love so worthwhile. i this labour of love so worthwhile.— this labour of love so worthwhile. ~ . . worthwhile. i think the fact that it is — worthwhile. i think the fact that it is ephemeral, - worthwhile. i think the fact that it is ephemeral, that i worthwhile. i think the fact | that it is ephemeral, that it is transient, than it is not a thing, i think therein lies the beauty of it. hey, i'm 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. that's 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, i'm 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. she's absolutely adorable. you're all caught up now. see you later. hello and welcome to sportsday — i'm 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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