and how the mining of materials crucial for a green economy is disrupting lives. hello and welcome to asia business report. i'm steve lai. let's begin in the us, where major stock indexes have made slight gains. this is where they stood at the end of the trading day. shares of elon musk�*s electric vehicle company tesla surged by more than 15%, after his visit to china. apple shares also rose ahead of its quarterly results. the bbc�*s michelle fleury has more from new york. for apple and tesla investors the big question is how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker.

it faces fierce domestic competition in china along with softer demand. remember, tesla is not just a car company. it is an autonomous driving and robotaxi company with massive amounts of data needed to train its algorithms and fine tune the system. meanwhile, apple has seen iphone sales fall in china and that will be in focus when it reports quarterly results after the us market close on thursday, as will any announcement it makes on artificial intelligence. another stock that has the power to move markets this week is amazon which turns in its report card later today. the tech giant is under under pressure to pay shareholders a dividend. it is the only big tech firm that doesn't after alphabet did it last week. traders are also keeping a watchful eye on the federal reserve chairjerome powell. the muddled inflation picture has some asking if rate cuts have been cancelled or delayed. the fed is expected to leave interest rates unchanged

when its policy meeting ends on wednesday. as we mentioned, apple is facing challenges in china. the latest findings from research firm canalys show that apple sales there fell by 25% in the first three months of the year. and huawei has edged out apple in terms of market share in the world's second largest economy. lucas zhong is a research analyst at canalys. he says the us technology giant will continue to face challenges in the chinese market. i have to say it is still on the high side in terms of china's high—end market and they still occupy nearly 70% of market share in china in the over 800 us dollars. but especially in china the localisation is key in china because we do have a totally different internet service ecosystem here and chinese

brands understand the need much better than foreign brands. local brands have introduced large language models that work well with chinese. and even for the high—end consumers they do not have such deep pockets as before so consumers are shifting to local bands that make brands. local brands are growing fast in the high—end segment expressly for huawei with its new in—house and it is understandable for chinese concerns to buy high—end domestic products. concerns to buy high-end domestic roducts. , , domestic products. samsung says it exects domestic products. samsung says it expects demand _ domestic products. samsung says it expects demand for— it expects demand for smartphones to decrease in the coming months. the world maker of men read gibson televisions reported a tenfold prior rise in operating profit. prices of memory chips have risen sharply, by the boom in

artificial intelligence to dig shared office space provider wework has reached a deal artificial intelligence to dig wework has reached a deal putting it on track to exit bankruptcy by the end of next month. it will see supporters, including japanese giant softbank, providing the firm with around $450 million infunding. wework filed for bankrupcy in the united states last november. it has since been looking for ways to restructure its debts. microsoft's chief executive is visiting southeast asia this week as the tech giant focuses its attention on the region. his first stop is indonesia where he will meet with presidentjoko widodo. for more on the story, let's bring in our business reporter monica miller from the newsroom. he is beginning the trip as we mentioned injakarta and over the next few days he will be the next few days he will be the keynote speaker at an event that microsoft is supporting, ai day which will introduce and let some people in the industry really get to see what this is made of in this part of the

world. in addition to jakarta he will go to bangkok as well as kuala lumpur where he will meet with the prime minister. this comes after a couple of days ago microsoft have reported very strong earnings which made wall street happy. the company has invested heaps of money into ai technology. southeast asia is a place where many tech companies are looking to detect tim cook was here earlier this month speaking with the indonesian leaders as well as visiting plants in vietnam. southeast asia has really seen just an upward trajectory when it comes to its technical finances and the space in which it exists. it has a talent pool which they seem to think, which they say is attractive but also it is the size of the population. it has also been a key space in light of geopolitical tensions between the united states and china. the imf says it has approved funding for pakistan.

it is the final financing under an agreement made last year which help the southeast asian country avoid a sovereign default. —— south asian country. over the weekend the pakistan prime minister discussed the possibility of further funding with the imf director on the sidelines of the world economic forum. china has taken big stakes in mines across the world extracting minerals vital to the green economy. according to the un, if the world is to reach net—zero by 2050, the use of critical minerals such as cobalt must increase six—fold by 2040. but some locals, like those living neara mine in the democratic republic of congo, say the mining is disrupting their lives. wanqing zhang reports. every week evacuations take

place in villages near this mine, a chinese owned open pit copper and cobalt mine on the outskirts of the second largest city in the democratic republic of the congo. christoph lives 500 metres from the mine and he is leading local opposition against it. translation: before minin: against it. translation: before mining there _ against it. translation: before mining there is _ against it. translation: before mining there is a _ against it. translation: before mining there is a siren _ against it. translation: before mining there is a siren that - mining there is a siren that wales and the police and the company guards go around with a bullhorn saying you have to get out. whatever condition you find yourself in, whether you are sick, whether you are a woman who has just given birth, you are obliged to leave. the ulobal you are obliged to leave. the global push _ you are obliged to leave. the global push for _ you are obliged to leave. the global push for a _ you are obliged to leave. the global push for a greener economy is increasing demand for minerals vitalfor economy is increasing demand for minerals vital for electric vehicles extracted by mines like this. local say the production has been disrupting their lives. translation: the

air, their lives. translation: the air. there _ their lives. translation: the air. there is — their lives. translation: tue: air, there is smoke, their lives. translation: tte: air, there is smoke, there their lives. translation: t't: air, there is smoke, there is gases. the environment is polluted with this exploitation. there are machines that work day and night and this pollution does not allow anyone to rest peacefully. not allow anyone to rest eacefull . �* ,, �* peacefully. translation: the dirty water _ peacefully. translation: the dirty water from _ peacefully. translation: the dirty water from the _ peacefully. translation: the dirty water from the mine - peacefully. translation: the i dirty water from the mine comes from the site and spreads acid here and we walk on it. this acid water spreads into the vegetable fields where we grow our spinach and cabbage. things that we eat. is it not poison that we eat. is it not poison that we eat. is it not poison that we eat?— that we eat. is it not poison that we eat? . ., , that we eat? the mining company denies allegations _ that we eat? the mining company denies allegations of _ denies allegations of pollution. translation: irate denies allegations of pollution. translation: we do not have a _ pollution. translation: we do not have a process _ pollution. translation: we do not have a process of _ pollution. translation: we do not have a process of acids. - not have a process of acids. the only way we use acid is the one where we die loot the copper in the acid. that process is completely managed. the bbc has identified 62

mining projects worldwide owned or partially owned by chinese companies extracting minerals needed for the green transition. the un says the use of critical minerals must increase sixfold by 2040 four the world to reach net zero by 2050. as chinese mining companies expand worldwide they may face challenges from local communities. translation: when i assed b communities. translation: when i passed by this _ communities. translation: when i passed by this mine _ communities. translation: when i passed by this mine it _ communities. translation: when i passed by this mine it hurts - i passed by this mine it hurts me because i remember that it was once a source of life. the fields, the fishing. there are people, artists who would take play their to make art and object. when i think about all that it hurts me to dig —— hurts me. is the leading processor of these minerals, local community say china has a big role to play in a fairer green economy. cosmetics chain l'occitane

could soon become a private company. that's if its australian owner is successful in his plans to buy over all the shares of the retailer of body, fragrance and home products. reinold geiger currently controls more than 70% of the firm, which is listed on the hong kong stock exchange. a reminder that we will be closely watching the microsoft chief executive's visit the southeast asia this week. his first sto southeast asia this week. his first step is — southeast asia this week. his first stop is indonesia where he is about to meet the president and is scheduled to attend an artificial intelligence event in the coming hours. he is expected to share insights on al with local developers and indonesian businesses well. thank you for your company, see you again tomorrow.

hello. this is zof with the catch up. tonight, why could the price of biscuits could be going up. the london marathon praise continues and a cinema for dogs. we start with humza yousaf as he has resigned as scotland's first minister after 13 months. his party, the snp, teamed up with the scottish greens in government but he ended the deal last week. it was after they disagreed about decisions on things like climate pledges and puberty blockers for people under 18. politicians from other parties then called for a vote on whether humza yousaf should stay on as first minister. he will be stepping away rather than waiting for it to play out, so the snp will now have to choose a new leader and politicians from all parties then have to vote for them as first minister. some other stories now. the price of bread, biscuits and beer could increase because of the month of wet weather in the uk. harvest of crops like wheat barley and oats may fall by more than i7% meaning food producers may have to import

more from overseas, potentially increasing costs. billie eilish has announced announced a world tour with 81 dates. 12 uk dates in glasgow, london and manchester. and you probably have a friend who ran the london marathon during the week and will not stop going on about it. a record 840,000 people have applied to take part next year. and now leaving you with ten seconds of a cinema for dogs which has opened in norwich allowing owners to watch the amy winehouse back to black movie with their fluffy friends. unsurprisingly the event sold out in less than 48 hours. i love it, it isjust adorable.

hello and welcome to sportsday — i'm gavin ramjaun. here's what's coming up on the programme. could the system that saw everton and nottingham forest docked premier league points be on its way out? england rugby star billy vunipola apologises, after being arrested in majorca following an incident in a nightclub. and nadal marches on. but the 22—time grand slam champion is made to work hard, to make the last 16 in madrid. hello there, and welcome along to the programme. it's been a premier league season full of drama on the pitch — with the title race still to be concluded. off the pitch, the league's profit and sustainability rules have found everton and nottingham forest in breach, with points deductions this campaign. but interesting developments today concerning the premier league — could that method of spending be on the way out for a new financial model,

which the majority of clubs voted in favour for?