business correspondent, nick marsh. nick, great to see you. what details do we have about what president biden announced? he: didn't really say much in the end, to be honest. he said there is more work to be done when it comes to the indo—pacific economic framework. i would say that's a bit of an understatement. we have been talking about this agreement, it's not even a properfree trade agreement, it's not even a proper free trade agreement, let's not forget. we have been talking about it for about a year and a half. still no consensus reached. i think the latest stumbling block was on securing an agreement on workers' rights and environmental protections. i think itjust goes to the heart of what's been achievable and not achievable at this apec summit on the diplomatic front, there has been considerable between china and the progress us, the mood music has been positive, the economic issues are much harder to unpick. the united states knows that china dominates this region and an economic sense, it's the biggest trading partnerfor most countries. the us wants to get in on that but it doesn't have the manufacturing capability, economies of scale, it's not really an attractive trading partner in the way that china is. ithink trading partner in the way that china is. i think that is really what's behind ipef is a concept. but like president biden said, still plenty of work to be done. president biden in — work to be done. president biden in his _ work to be done. president biden in his speech - work to be done. president biden in his speech after. biden in his speech after meeting xijinping did say the two countries are competitors but that they need to work together. i guess... but that they need to work together. iguess... house but that they need to work together. i guess... house are likely to play out going forward? i likely to play out going forward?— likely to play out going forward? ~ :, forward? i think what he said is sot forward? i think what he said is spot on- — forward? i think what he said is spot on. the _ forward? i think what he said is spot on. the competition l forward? i think what he said l is spot on. the competition the us and china is going nowhere, it is not easy, in fact it's probably ramping up but there is a recognition that both countries rely on each other. the two leading economies in the world. and as much as the united states is struggling to compete in this region with china in terms of trade, china has its own economic problems. on the day that xi jinping met with president biden, he losses had dinner with leading american business executives. he is trying to persuade them that his country is a good place to invest, trying to tell them that the economy might be going through some issues but china is still a place you want to be spending on putting your money in. likewise the united states knows that it needs china economically. so the competition is ramping up, the restrictions in —— that the united states is putting in on chips and high—end technologies, that's going nowhere, in fact we heard about alabama shoving its cloud division because of these chip restrictions. —— mike ali baba. it's probably going to continue even beyond when president biden is in office and who knows, when president xi might be in office as well. hick be in office as well. nick marsh. _ be in office as well. nick marsh, thank _ be in office as well. nick marsh, thank you. - earlier i spoke to the economist intelligence unit's lead analyst for global trade, nick marro, and he told me some of the larger issues in us—china ties remain unresolved. yes, on balance it is positive that both presidents sat down and talked. this is the first engagement face—to—face sense around this time last year. in the interim we have seen ipef ties go through some volatility. but we have seen a flurry in diplomatic activity in the past governments aimed at putting a floor under the relationship so and we look at some of the outcomes around ai some of the outcomes around al or re—establishing military to military dialogue or even control of fenta nyl, military dialogue or even control of fentanyl, all control of fenta nyl, all positive control of fentanyl, all positive things, things the all reinjected some momentum back to the relationship. but the big caveat is that these are also agreements that are very much on the sidelines. the larger issues in the relationship, ranging from trade to technology to taiwan at human rights, those more thorny issues, we haven't really seen a lot of progress on those and those of the structural issues which will continue to weigh on the us—china relationship as we head into 202a. us-china relationship as we head into 2024.— us-china relationship as we head into 2024. and a meeting was on the _ head into 2024. and a meeting was on the sidelines _ head into 2024. and a meeting was on the sidelines of - head into 2024. and a meeting was on the sidelines of a - head into 2024. and a meeting was on the sidelines of a much | was on the sidelines of a much larger summit involving many more countries. what does this mean for those other asian economies who are in san francisco at the moment? just raised francisco at the moment? just praised it _ francisco at the moment? just praised it as — francisco at the moment? jut praised it as everyone breathing a sigh of relief and i think this very true for those asian countries who are looking at the us china relationship very closely. the us for many of these countries is the most important security partner and for the same countries china is the most important economic market. so this idea of having to choose a side between the two is a nightmare, something no asian country wants to do. many of them really feel caught in the middle. so the fact that the two sides are sitting down not just at a presidential level but at a working level as well, the fact we will likely to see an expansion in engagements heading into next year is all positive, something which will bring a lot of certainty in relief to a lot of asian government and business leaders. but at the same time i still think a lot of people are holding their breath. a lot of tensions around taiwan, the south china sea in the last couple weeks, so i would say there is a bit of cautious optimism moving into all of this, but at the same time that optimism still there. india's central bank has tightened rules for personal loans and credit cards given by banks and other financial companies amid concerns of abnormally high growth in these loan categories. our india business correspondent archana shukla isjoining us now from mumbai. great to see you. why has the central bank done this and what are the risks?— are the risks? well, banks have seen a sharp — are the risks? well, banks have seen a sharp rise _ are the risks? well, banks have seen a sharp rise in _ are the risks? well, banks have seen a sharp rise in unsecured i seen a sharp rise in unsecured loans. these are your personal loans, or because consumer goods loans, those taking on credit cards, at a when household savings, investments and bank deposits have been at multi—year lows. in fact for these unsecured loan categories, the rise has been 23% over the last year, which is twice as fast as the overall bank credit growth in the country. last month the bank said they were keeping an eye on some fast—growing personal loan segments showing early signs of stress, especially the smaller loans segment, under $500 for the risk of default are higher. so now rbi has asked banks and financial institutions to keep capital buffer for every personal loan that they will give out. that means if banks decide to pass on that capital cost, these loans, these personal loans will become more costly, they will become more costly, they will not be as easy to get, and it will curb the growth. housing loans, education loans and those taken against gold and those taken against gold and jewellery however have been excluded. i5 and jewellery however have been excluded. , , :, excluded. is this about protecting _ excluded. is this about protecting people, - excluded. is this about protecting people, or. excluded. is this about| protecting people, or is excluded. is this about i protecting people, or is it about the state of the indian economy?— about the state of the indian econom ? ~ , ,:, economy? well, it is both. the entire indian _ economy? well, it is both. the entire indian economic - economy? well, it is both. the entire indian economic growth | entire indian economic growth story at the moment is driven by the domestic consumption. we have seen from many companies that india will be the fastest among the world geographies and the resilience comes from the domestic consumption story. we've seen that despite higher inflation, there has been higher spending. inflation, there has been higherspending. people inflation, there has been higher spending. people are buying more consumer goods, people are travelling more. companies want to set up shop here looking at the aspirational middle class that wants to spend. a large part of this spending is coming through these unsecured loans, these personal loans and consumer goods loans, which are normally taken by young professionals, those on lower salary scales, from low and middle income families. early data shows that some defaults on credit cards have been otherwise, and that could shake the ground of economic growth of the country going forward, this is exactly the risk that rbi intends to stand on. the risk that rbi intends to stand on— the risk that rbi intends to stand on. : :, :, ~ ,:, amazon has reached an agreement with huyndai to start selling the auto—maker's cars on its e—commerce platform starting from next year. our north america business correspondent erin delmore has the details. you can buy a lot of things on amazon. after all it is nicknamed the everything store. but come next year customers in the us can buy what's likely the us can buy what's likely the largest most expensive and certainly heaviest amazon purchase of their lives. the everything store is adding cars to its menagerie of goods, starting with hyundai. it is a major upgrade to hyundai's digital showroom on amazon. i now customers can browse models, customise a car and get contact information for a dealer or follow a contact information for a dealer orfollow a link contact information for a dealer or follow a link to the dealer's site but come next year, customers and the us will be able to buy a hyundai and is scheduled delivery from the dealer all through amazon. and in 2025, new hyundais add access to amazon's alexa voice assistant of this capitalises on a trend we saw during the pandemic when stuck at home shoppers turned to buying cars online. hyundai and amazon announced the big news thursday at the los angeles auto show. now, speaking of the business costs of those tensions between the us and china. the hong kong—listed shares of alibaba have dropped more than 8%. it comes after the chinese tech giant shelved plans to spin off its cloud business. and that's it for this edition of asia business report. thanks for watching. bbc news, bringing you different stories from across the uk. we're campaigning for free school meals. it's been proven that people that have school meals make more progress in english and maths. the school council at hillstone primary in birmingham is on a mission. all children in england get free school meals until they're seven, but from year three, only a limited number are entitled. year three and above, if you earn more than £7,400, and that figure hasn't changed for a long time, then you're not entitled to free school meals. so we've got parents on low incomes working two or three jobs to make ends meet, earning just over that amount of money, and then they have to pay for school meals as well on top. in northern ireland, the income threshold is double — at £14,000. and in scotland and wales, free school meals for all primary age children are being rolled out. in london, they currently get free meals too. you can feel a bit disappointed, because if they have it, then that's not fair. the food foundation charity says the income threshold to qualify for free meals is too low. the children say they'll continue pushing for change for their health. for more stories from across the uk, head to the bbc news website. hi. i'm dylan with the catch up. tonight — inside a gaza hospital, more access to the pill, and world records. first up, after days of fighting in the area, israel's military has been searching gaza's biggest hospital, which they say is being used as a command centre for hamas, which runs gaza and is considered a terror organisation by the uk. the bbc has been taken inside the al—shifa hospital by israeli forces, showing what they claim are hamas weapons and ammunition. the team are only taken to locations of israel's choice and weren't allowed to speak to doctors or patients. but the hospital's director says they run out of oxygen and water with hundreds of patients still inside. hamas deny having a base there. if you want to read more about the israel—gaza war, check out the bbc news app and the website. some other stories now. and from next month, it'll be easier to get the contraceptive pill in england. a new scheme means the pill and a few other prescriptions will be available over the counter. rapper travis scott has spoken for the first time about the deaths of ten people in a crowd surge at one of his gigs. he told go he was overly devastated by the loss of life at his astroworld festival two years ago. and the scottish health secretary says an £11,000 data bill racked up on his parliamentary ipad while on holiday in morocco was caused by his sons watching football. michael matheson has paid all the money back. finally here's 10 seconds of guinness world records day. from driving a truck on two wheels to the highest pogo stick backflip and even a little bit of double dutch handstand skipping, these guys have some of the coolest records in the book. i mean, just look at that. that's it from me. you're all caught up. hello and welcome along to sportsday with me, sara mulkerrins. coming up on the programme... closer than expected — but it's australia who are through to the cricket world cup final after a tense match against south africa. this weekend's grand prix could be the coldest on record. it's the first time las vegas has hosted it for 41 years and temperatures are expected to plummet. and the new research programme helping to reduce injuries in female athletes by monitoring the menstrual cycle. you're very welcome along to the programme. so, after six weeks of action, we now know who will be in the final of the cricket world cup.

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