that sometimes propelled conservatives to power and shape public opinion in their favour. sometimes landing in legal trouble. favour. sometimes landing in legaltrouble. fox favour. sometimes landing in legal trouble. fox news, the crownjewels legal trouble. fox news, the crown jewels in legal trouble. fox news, the crownjewels in mr murdoch crown jewels in mr murdoch cosmic crownjewels in mr murdoch cosmic portfolio, recently settled a defamation lawsuit stemming from the network's amplification of donald trump cosmic false claims about the 2020 election, for an historic $787 million. with another lawsuit in the works and with streaming and digital encroaching on mr murdoch cosmic cable in newspaper empire, the younger mr murdoch will have his hands full. let's turn to wall street now — because there's been a broad sell—off in us markets after federal reserve officials said they'll keep interest rates higherfor longer. all three major us stock indexes tumbled more than 1% following remarks by the fed chairman, jerome powell, warning inflation has a long way to go before it approaches the central bank's 2% target. but the fed's restrictic policy has global repercussions. so what is the impact? our business correspondents across key economies from the west to the east break it down for us. hello, i'm thea leggett in london, where the bank of england has unexpectedly kept interest rates on hold, following iii successive rises which have taken the cost of borrowing here up from 0.1% a couple years ago to 5.25%. all this was done with one goal in mind, to keep inflation under control. and it does seem to be working — prices are still rising rapidly but not nearly as they were just a couple months ago. that's given the bank a dilemma — does it stick key rates on hold, or keep spiralling them upwards? increasing rates comes with a cost. people on variable—rate homework where owns see their payments go up. that debt becomes harder to sustain and there's a risk of choking off economic growth. while on this occasion, the banks decided to stick and keep rates on hold. that's a situation here in the uk, now let's see what's been going on in india.— going on in india. after aggressively _ going on in india. after aggressively raising - going on in india. after - aggressively raising interest rates, — aggressively raising interest rates, india's central bank has kept _ rates, india's central bank has kept the — rates, india's central bank has kept the key landing rates steady— kept the key landing rates steady at 6.5% for the last six months — steady at 6.5% for the last six months. but the core focus is still_ months. but the core focus is still on — months. but the core focus is still on taming rising prices — and — still on taming rising prices — and this_ still on taming rising prices — and this market here in suburban mumbai tells us exactly— suburban mumbai tells us exactly why. they've driven up food _ exactly why. they've driven up food prices for rice and particularly vegetables, forcing the government to come up forcing the government to come up with— forcing the government to come up with subsidies and export bans — up with subsidies and export bans. but the consumers are feeling — bans. but the consumers are feeling the pinch the most. household savings have dipped to the — household savings have dipped to the lowest in decades, and there — to the lowest in decades, and there are _ to the lowest in decades, and there are fears that in the upcoming festive season, people will be _ upcoming festive season, people will be spending a lot less. thats— will be spending a lot less. that's the story in india, tete— that's the story in india, tet's find _ that's the story in india, let's find out what's happening in the — let's find out what's happening in the rest of asia. i�*m let's find out what's happening in the rest of asia.— in the rest of asia. i'm nick marsh in — in the rest of asia. i'm nick marsh in singapore, - in the rest of asia. i'm nick marsh in singapore, where| marsh in singapore, where normally, _ marsh in singapore, where normally, this _ marsh in singapore, where normally, this area - marsh in singapore, where normally, this area would. marsh in singapore, where i normally, this area would be bustling _ normally, this area would be bustling with _ normally, this area would be bustling with chinese - normally, this area would be i bustling with chinese tourists. but they— bustling with chinese tourists. but they aren't _ bustling with chinese tourists. but they aren't really - but they aren't really travelling _ but they aren't really travelling or- but they aren't reallyl travelling or spending but they aren't really i travelling or spending at but they aren't really - travelling or spending at the moment— travelling or spending at the moment - _ travelling or spending at the moment — not _ travelling or spending at the moment — not because - travelling or spending at the moment — not because of. travelling or spending at the . moment — not because of high prices, — moment — not because of high prices, but _ moment — not because of high prices, but the _ moment — not because of high prices, but the low _ moment — not because of high prices, but the low confidence | prices, but the low confidence in the — prices, but the low confidence in the economy. _ prices, but the low confidence in the economy. in _ prices, but the low confidence in the economy. in fact, - prices, but the low confidence in the economy. in fact, whilej in the economy. in fact, while other— in the economy. in fact, while other central— in the economy. in fact, while other central banks _ in the economy. in fact, while other central banks around i in the economy. in fact, while i other central banks around the world — other central banks around the world are — other central banks around the world are raising _ other central banks around the world are raising their- world are raising their interest— world are raising their interest rates, - world are raising their interest rates, the - world are raising their- interest rates, the people's bank— interest rates, the people's bank of— interest rates, the people's bank of china _ interest rates, the people's bank of china is _ interest rates, the people's bank of china is actually- bank of china is actually towering _ bank of china is actually lowering them, - bank of china is actually lowering them, trying . bank of china is actually| lowering them, trying to bank of china is actually- lowering them, trying to lift the gloom _ lowering them, trying to lift the gloom around _ lowering them, trying to lift the gloom around the - lowering them, trying to lift - the gloom around the economy. now typically _ the gloom around the economy. now typically chinese _ the gloom around the economy. i now typically chinese consumers by pmperty— now typically chinese consumers by property as — now typically chinese consumers by property as a _ now typically chinese consumers by pmperty as a way _ now typically chinese consumers by property as a way of - by property as a way of investing _ by property as a way of investing their- by property as a way of investing their money, | by property as a way of. investing their money, but by property as a way of - investing their money, but the market— investing their money, but the market is_ investing their money, but the market is in— investing their money, but the market is in disarray— investing their money, but the market is in disarray at- investing their money, but the market is in disarray at the - market is in disarray at the moment, _ market is in disarray at the moment, making - market is in disarray at the moment, making them - market is in disarray at the - moment, making them nervous. but don't — moment, making them nervous. but don't expect _ moment, making them nervous. but don't expect anything - moment, making them nervous. but don't expect anything too i but don't expect anything too drastic— but don't expect anything too drastic from _ but don't expect anything too drastic from the _ but don't expect anything too drastic from the chinese - drastic from the chinese communist— drastic from the chinese communist party- drastic from the chinese communist party — - drastic from the chinese communist party — so. drastic from the chinese l communist party — so far, drastic from the chinese - communist party — so far, their mantra — communist party — so far, their mahtra has— communist party — so far, their mantra has been, _ communist party — so far, their mantra has been, "everything's under— mantra has been, "everything's under control, _ mantra has been, "everything's under control, nothing - mantra has been, "everything's under control, nothing to - mantra has been, "everything's under control, nothing to see . under control, nothing to see here" — under control, nothing to see here" but _ under control, nothing to see here." but the _ under control, nothing to see here." but the roots - under control, nothing to see here." but the roots of- under control, nothing to seel here." but the roots of china's economic— here." but the roots of china's economic problems _ here." but the roots of china's economic problems grow- here." but the roots of china's economic problems grow deep here." but the roots of china's - economic problems grow deep and it wont— economic problems grow deep and it won't be — economic problems grow deep and it won't be solved _ economic problems grow deep and it won't be solved with _ economic problems grow deep and it won't be solved with a _ economic problems grow deep and it won't be solved with a quick - it won't be solved with a quick fix. it won't be solved with a quick fix amt — it won't be solved with a quick fix. and that's _ it won't be solved with a quick fix. and that's the _ it won't be solved with a quick fix. and that's the view- fix. and that's the view from around — fix. and that's the view from around the _ fix. and that's the view from around the world. _ over to western australia — where there's been some progress toward a solution in a pay dispute opposing chevron and its workers at liquefied natural gas facilities. well, the american energy giant says it has accepted recommendations from australia's labour regulator. that means it's now up to the unions to formally submit their verdict on the fair work commission's mediated proposal agreement. saul kavonic is an independent expert on australia's oil and gas industry. earlier, he told me his sources on the ground say the two sides may have already reached a deal. well, the risk premium we are seeing on global gas prices is likely to continue if the strikes were to continue. but the latest noise on the ground in western australia is the overnight, it looks like there has been an agreement reached. and actually, these strikes may now be resolved — we won't see the process go through to an arbitration hearing today. and this could really bring the end to what was ultimately a few hundred offshore workers in western australia causing tens of billions of dollars in market movements, because they threatened up to about 10% of global lng supply at a very delicate time in the wake of the withdrawal of russian gas into europe last year. so it looks like the strike threat is now over, the european gas traders can relax a little bit and look forward to a market without the risk of that disruption going forward as we head into the northern hemisphere winter which will tie the markets up once again. just to clarify, we yet to hear from the workers unions? speaking to some of the folks on the ground in western australia, it does sound like the combination might have been reached. we will have to wait and see if these are announced later today. we and see if these are announced later today-— later today. we are waiting for the formal _ later today. we are waiting for the formal announcement - later today. we are waiting for. the formal announcement today, but what's been the common ground that's helped solve the situation? it’s ground that's helped solve the situation? �* , , ., , situation? it's been a very ainful situation? it's been a very painful and _ situation? it's been a very painful and protracted - painful and protracted negotiation process, far more so than we've seen with the unions in a matter of weeks ago. i think a lot of this came down to chevron was seeking to have a legal resolution by force arbitration here. now the way these strikes work is they are generally on the union side where if they can engage in action, it will reduce the revenue of companies like chevron, and ultimately that plays into their hands. what chevron was trying to do was to use a new provision in the industrial relations law in australia to cut that timeframe short and forced and arbitrated outcome. but that became very difficult yesterday when the media and the mediation process said there had been a lot of progress and they were on the precipice of a deal. that made it much harderfor precipice of a deal. that made it much harder for chevron to argue under the new provisions that they should be forced arbitration, because to do that you have to set up a process as retractable, —— intractable, but the media said it wasn't, and that's ultimately why chevron came to the table last night. chevron came to the table last niuht. ~ .., chevron came to the table last niuht.~ ., ., night. we can now confirm to ou and night. we can now confirm to you and breaking _ night. we can now confirm to you and breaking news - night. we can now confirm to you and breaking news on - night. we can now confirm to l you and breaking news on bbc that the offshore alliance has now agreed it to the proposals that have been put forth by the arbitrator, so it looks like a solution now has been reached. we will have more on that in future programmes of asia business report. what if i told you that changing the shape of an aeroplane could cut its carbon emissions in half? well, a company called jetzero is promising just that by radically redesigning the shape of aeroplanes as we know them with something called a blended wing body shape — and its recently received significant funding to help from the us government. my colleague aaron heslehurst met with jetzero's boss at their headquarters in long beach, california, the advent of all composite aircraft is probably the biggest thing. it's a great enabler of this particular shape. so we can build this shape, which is more efficient. with the world needs right now most is a step change in aviation, and that is exactly what this new airframe can provide. if what this new airframe can rovide. , ., �* what this new airframe can rovide. i. �* ., ,, provide. if you're talking about the _ provide. if you're talking about the possibility - provide. if you're talking about the possibility of l provide. if you're talking i about the possibility of 5096 about the possibility of 50% savings in efficiency and fuel burn, i would only imagine — our airlines just knocking down your door? our airlines 'ust knocking down your door?— your door? absolutely, we are talkinr your door? absolutely, we are talking to _ your door? absolutely, we are talking to all _ your door? absolutely, we are talking to all the _ your door? absolutely, we are talking to all the major - talking to all the major airlines globally because 50% has not been on the table. it’s has not been on the table. it's unheard of. _ has not been on the table. it's unheard of. they _ has not been on the table. it's unheard of. they are - has not been on the table. it's unheard of. they are used - has not been on the table. it's unheard of. they are used to i unheard of. they are used to rrettin unheard of. they are used to getting a _ unheard of. they are used to getting a percentage - unheard of. they are used to getting a percentage point i unheard of. they are used to| getting a percentage point or two based on their configurations, so they're interested in this.- interested in this. and it sounds promising. - interested in this. and it sounds promising. but l interested in this. and it. sounds promising. but the reality, where at? you build a prototype, when will it be in the air? , , , ., the air? the first step, we are workin: the air? the first step, we are working with _ the air? the first step, we are working with nasa _ the air? the first step, we are working with nasa in - the air? the first step, we are working with nasa in the - the air? the first step, we are working with nasa in the air i working with nasa in the air force to a full—scale demonstration. we are entirely focused on demonstrating the capacity for performance with this airframe at full scale, that's a four—year programme. 2027, we fly that plane. by, 2027, we fly that plane. a prototype. exactly, - 2027, we fly that plane. a prototype. exactly, then l prototype. exactly, then certification _ prototype. exactly, then certification and - prototype. exactly, then certification and scale i prototype. exactly, then certification and scale to manufacturing, bring it to market, that's how you address it. and that's it for this edition of asia business report. thanks for watching. stay with bbc news. bbc news — bringing you different stories from across the uk. it's a true story of courage and determination that shocked and inspired the world. bernard jordan escaped from his care home in hove to join the 70th anniversary of the d—day landings, in france, in 2014. and now, nearly a decade later, actor sir michael caine is bringing bernard's great escape to the big screen. well, first of all, i'm an ex—soldier. but i was in the army, i was in the national service. i understood the way he felt, because ijust happened to be an ex—soldier and, like him, i was 90. bernard jordan sadly died the year after his famous french adventure at the age of 90. in one of his last interviews, he told us how he pulled off his one—man mission. a bit of deception! he laughs yeah! what did they say when you got back? they said, "don't make a habit of this." i says, "i'm not the sort of chap to do that now." the great escaper is in cinemas october 6th. for more stories from across the uk, head to the bbc news website. hey, i'm dylan, with the catch up. tonight — tiktok frenzies, academics talk taylor swift, and a precise parachute landing. but first — a woman in los angeles has decided to speak publicly for the first time about an incident in 2008 involving russell brand that she says happened in an office building shared with the bbc. the woman, who worked for another media company, says russell brand exposed himself to her, and then, laughed about it on his radio two show. russell brand has not responded to this latest allegation, but has previously denied any wrongdoing. next up — a bbc investigation has found tiktok is driving online frenzies that encourage anti—social behaviour in the real world. ex—employees say tiktok isn't doing anything to stop the growth of these videos because they don't want to lose users. they don't want to stand in the way of entertainment growing quickly on their platform. it's about money. the more users they have on the platform, spending more time watching videos, they can sell more ads. it's probably the most addictive platform that we've encountered yet. some other stories now — five people from bulgaria who've been living in the uk are to be charged with spying for russia. the three men and two women will appear in court next week. the actress sophie turner has sued joe jonas for the return of their kids to england. she says he won't hand over their passports following the couple's split. australia is to host an academic conference on the impact of taylor swift. the "swiftposium" will discuss the senior�*s influence on music, culture, and even the economy. —— singha's. and finally — here's ten seconds of potentially the best end to a skydive you'll ever see. this skydiver perfected an incredible landing on an inflatable unicorn, afterjumping out of a plane at a skydiving festival, in nottingham. that's it from me — you're all caught up. hello, and welcome to sportsday. i'm marc edwards. here's what we've got coming up on the show. a record—breaking win for france, but at what cost? a nightmare for the hosts, antoine dupont comes off injured. not long until this happens for real. we preview the solheim cup and reveal the opening morning's pairings. and there's a scare for liverpool, but their thursday night europa league adventures begin with a win. hello, and thanks for joining us sportsday. it's a moment that has the entire collective french rugby public holding its breath. antoine dupont, their talismanic captain, 2021 world player of the year, and arguably the finest player currently on the planet was transported to hospital after being involved in a head—on—head collision in france's record—breaking win over namibia. the world cup hosts made it three wins out of three with an absolute demolition job on the poole minnows, their biggest—ever winning margin, 96—0. but dupont�*s injury will dominate the headlines. namibia's captain, johan deysel, red—carded for the tackle which overshadowed a ruthless performance from france, with winger damian penaud helping himself to a hattrick, as the french ran in ia tries in marseill.e —— in marseilles. from one captain to another — 0wen farrell returns

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