supplies due to conflict calmed down ade after —— a day after saudi arabia pledged to stabilise the market. the markets in australia, are following wall street �*s lead. the central bank said it might hold steady on another interest rate hike as well.— rate hike as well. federal reserve _ rate hike as well. federal reserve officials - rate hike as well. federal reserve officials are - rate hike as well. federal- reserve officials are embracing the higherfor longer reserve officials are embracing the higher for longer strategy. that's according to the newly released minutes in the september meeting. the readout shows while people are divided on whether the us central rate hike will happen before the year is out, they seem it has spill—over effects in financial markets everywhere. higher rates make it more expensive for americans to take out a loan on a house or a car and makes it more expensive for businesses to borrow through loans or lines of credit, all of which slows growth. meanwhile, the interest paid on us government bonds is also moving towards its highest levels in more than 15 years. that could end up having the same effect as a fed rate hike without the fed having to act. during that september meeting, participants viewed the economic climate, including strong growth and a cooling at labour market as positive indicators, but since then, we have seen a red hot october jobs report meeting expectations, and we have seen a full—blown conflict erupted between israel and hamas in the middle east. that will restrict oil supply that could elevate prices and contribute to headline inflation. the next time the fed meets, it will clearly have a whole new lot of circumstances to consider. meanwhile, the world bank has told the bbc that after covid, extreme poverty increased for the first time in decades. the bank �*s senior managing director said more funds were needed to tackle it. our business editor faisal islam spoke to him at its meeting in marrakesh. 25 spoke to him at its meeting in marrakesh-— marrakesh. 25 years ago, extreme _ marrakesh. 25 years ago, extreme poverty - marrakesh. 25 years ago, extreme poverty effected marrakesh. 25 years ago, i extreme poverty effected a third of the world population. it is now around 9%. that is progress. we want to go to 3% by 2030. that is a challenge, largely also because of covid and other crises. but there is progress. we see that everywhere, and we celebrate sometimes this is partnerships between the bank and the country. earlierthis between the bank and the country. earlier this year, between the bank and the country. earlierthis year, i was in bangladesh, celebrating 50 years partnership, and it has been an amazing journey, where this country has developed into a lower middle income country from a standard where they had barely $50 per capita per year in 1971.- capita per year in 1971. higher gdp er capita per year in 1971. higher gdp per capita _ capita per year in 1971. higher gdp per capita than _ capita per year in 1971. higher gdp per capita than india? . gdp per capita than india? yeah, and now it is higher than in india. here similarly, a spectacular story. 65 years of partnership from a poor country to a middle income country, and thatis to a middle income country, and that is competitive in the world, thriving, so these are great stories that should not hide the fact that we still have challenges in many parts of the world, and when you say what is different, it is certainly some of the crises that are now global crises, like climate, that are so consequential that we need to deal with them urgently. it is dealwith them urgently. it is interesting — dealwith them urgently. it is interesting you _ deal with them urgently. it is interesting you mention, you raised climate, because there is a narrative that it is a lot of the western nations that want to talk about climate, and the developing countries want to talk about development. that's correct.— to talk about development. that's correct. and that's what they want _ that's correct. and that's what they want your _ that's correct. and that's what they want your bank _ that's correct. and that's what they want your bank to - that's correct. and that's what they want your bank to do, - that's correct. and that's what | they want your bank to do, and maybe you are muddying up those two things?— two things? poverty reduction remain central— two things? poverty reduction remain central to _ two things? poverty reduction remain central to our - two things? poverty reduction remain central to our vision i remain central to our vision and mission. however, you mentioned just before covid has had a devastating effect that for the first time in decades, extreme poverty increased again. then there is another challenge, fragile states. we are expecting over half of the extreme poor will live in these countries by 2030. that means if we want to deal with it, we need to deal with some of the global challenges that can mean fragility, but also on climate. to india now where the financial crime probing agency the enforcing directorate has arrested a chinese national who works for smartphone maker vevo in a case of alleged money—laundering on tuesday. vevo has denied any wrongdoing but other chinese players have faced growing scrutiny in india following that tense border stand up in 2020. my colleague has more from mumbai. the arrest of the vevo employee by india's financial crime agency isjust the india's financial crime agency is just the latest in a spate of controversies that have dogged chinese companies in india in recent years —— vivo. vivo has said it is deeply concerned and exercising legal options. one of the lawyers i spoke with said they money—laundering provisions under which this arrest has been made is very stringent and used to deal with criminal cases are not civil offences. vivo along with rp —— po and xiaomi are facing a separate tax evasion case in this country. in fact, tax evasion case in this country. infact, india's tax evasion case in this country. in fact, india's it minister has accused the firms are collectively not paying over $1 billion worth of taxes earlier this year. reports suggest indian authorities are keeping a strict watch on chinese investments in the auto sector, with car—makers like mg motors and byd facing difficulties obtaining visas and executing plans for expansion. chinese apps like tiktok are already banned in india and earlier this month indian police also arrested journalists from the portal news click over alleged foreign funding from china, a charge that the founders have denied. despite these ongoing tensions, india's bilateral trade with china grew at a record pace in 2021 and 2022, a reflection of how difficult it is for new delhi to reduce its economic dependence on chinese imports. let's go to indonesia now, where there is plan to develop an industrial park, and that has been met with resistance by locals on ramp an island close to singapore. the megaproject will eventually displace 5500 residents to make way for various industries, including a chinese owned solar panel and glass factory. my colleague sent this report. this streaming strategy, inviting direct investment into the country �*s manufacturing industry will see this village transformed into an industrial eco city. a chinese firm has agreed to build a factory here to manufacture glass and solar panels. this island is rich with quartz sands, one of the main components to making solar panels, and it is also strategically located because it is very near to singapore, which you can see from here. there are 16 old villages in the island and most people have been living here as fishermen for decades. the development plans for rempang have been around for about 20 years but were on pause until recently. the fresh push and the idea of relocating led to protests from the locals. the first phase of the locals. the first phase of the factory will lead to about 900 families being displaced, but only one third have signed up but only one third have signed up for the government �*s alternative housing plan. translation:— alternative housing plan. translation: ., , translation: the location is read . translation: the location is ready- but — translation: the location is ready- but on _ translation: the location is ready. but on 400 _ translation: the location is ready. but on 400 hectares. i translation: the location is. ready. but on 400 hectares. we will have public schools, health facilities, football fields, masks, and transport rates, we will build them all. the designated place is still covered with vegetation. the promised settlement won't be ready for another two years. while waiting, families will be temporarily move to another city, but far from the ocean. this person is amongst those reluctant to move. the centenarian has eight children, 30 grandchildren and 29 great grandchildren, all of them live in the same village. translation: iii in the same village. translation: ., , . translation: if all my children have moved _ translation: if all my children have moved out, _ translation: if all my children have moved out, i— translation: if all my children have moved out, i will— translation: if all my children have moved out, i will come - have moved out, i will come with them. but if they refuse, if there is no place to go, no compensation, i will try to stay. i am already old. if i die, where will they bury me? out in the ocean? in die, where will they bury me? out in the ocean?— out in the ocean? in more business _ out in the ocean? in more business news, _ out in the ocean? in more business news, the - out in the ocean? in more i business news, the european union has told mark zuckerberg that facebook and instagram have 24 hours to comply with their laws to stop the spread of disinformation, after the hamas attack on israel. a spokesperson for the social media company said that they have put measures in place to respond to the rapidly evolving situation. social media platforms have seen a huge surge in misinformation about the conflict, including doctored images and mislabelled videos. on tuesday, the european union warned x, formerly known as twitter, but such content. shares of birkenstock got off to a rocky start in their first day of trading on wednesday, ending 12% below the price hoped for. it is the worst debut by a company worth more than $1 billion in two years. that's all we have for you on this edition of asia business report. remember, you can always log on to the bbc news website for more news and updates. thanks for watching. stay with us. bbc news, bringing you different stories from across the uk. a stunning backdrop to the uk. a stunning backdrop to the war memorial in abertillery. the cenotaph has to tear for decades but now a new mural has got everyone talking. it was painted by the artist, t2 sugars. the response around this _ artist, t2 sugars. the response around this has _ artist, t2 sugars. the response around this hasjust _ artist, t2 sugars. the response around this hasjust been - around this has just been astronomical, it'sjust been crazy. i think because what it symbolises, people have given their lives for what we have today. their lives for what we have toda . ., ., . ., , today. the man who came up with the idea was _ today. the man who came up with the idea was local _ today. the man who came up with the idea was local businessman i the idea was local businessman bob smith, when he was at the town has not immense day service two years ago with the old wall looking tired. it service two years ago with the old wall looking tired.- old wall looking tired. it was cracked. _ old wall looking tired. it was cracked, black _ old wall looking tired. it was cracked, black patches - old wall looking tired. it was cracked, black patches all i old wall looking tired. it was i cracked, black patches all over it, cracked, black patches all over it. quite — cracked, black patches all over it, quite depressing and it just— it, quite depressing and it just struck me to make a lovely thing _ just struck me to make a lovely thing to— just struck me to make a lovely thing to have a suitable mural on there _ thing to have a suitable mural on there. ., , thing to have a suitable mural on there-— on there. the mural is now complete _ on there. the mural is now complete and _ on there. the mural is now complete and will - on there. the mural is now complete and will be - on there. the mural is now complete and will be the l on there. the mural is now i complete and will be the focal point for remembrance events next month. the community now hope it will be a place together for generations to come. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. the israeli embassy in london has confirmed 26—year—old jake marlow, a british citizen, who's been missing since saturday, has died in israel. he was working as security staff at a music festival near the gaza border, when he disappeared. the bbc has learned that 17 uk nationals are dead or missing since the militant group, hamas, it launched its attacks on saturday. meanwhile, israel's prime minister and its opposition leader have agreed to form an emergency government to form an emergency government to manage the country �*s response to saturday's attacks. the death toll in israel from the hamas attacks has reached 1200, and the un is calling for essential supplies of food and water to be allowed into gaza. gaza's health ministry says 1100 people have been killed in air strikes, 1100 people have been killed in airstrikes, and 1100 people have been killed in air strikes, and it's only power station has now run out of fuel. you can find all of the latest updates on this on the latest updates on this on the bbc website. next, london's luton airport has now reopened. this is after a fire yesterday caused its car park to partially collapse. flights were suspended until mid afternoon, causing disruption for thousands of passengers. fire services appear —— say the blaze appears to have been accidental, though. and now for ten seconds of wildlife photographer of the year. laurent glasto won this year's price with this picture that you can on screen of a horseshoe crab, and these next snaps are among some of the other winners in the category. what an amazingly talented bunch of photographers. and you are all caught up now. see you later. hello and welcome to sportsday with me, will perry. coming up: a rohit sharma record—breaking century fires india to victory over afghanistan at the cricket world cup. wayne's world at st andrews, as rooney hopes to take birmingham city to the next level. and wales cruise past gibraltar in a friendly with a debut for the son of familiar welsh face. rohit sharma's record—breaking century fired india to an 8—wicket victory over afghanistan at the cricket world cup. afghanistan were 63—3 when captain hashmatullah shahidi and azmatullah omarzai put on 121 for the fourth wicket, but jasprit bumrah's 4—39 reduced them to 272—8 in delhi. rohit sharma then hit 131 from 84 balls, his 7th world cup ton, a new record,

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