collaboration on "critical and emerging technology"... like semiconductors and artificial intelligence. this comes as microsoft said it would spend almost three billion dollars to expand its cloud and ai infrastructure in japan. translation: japan welcomes investment _ translation: japan welcomes investment from _ translation: japan welcomes investment from the _ translation: japan welcomes investment from the united - investment from the united states that push forward such cooperation in critical and emerging technology. the economic growth of our country obtains their investment shall serve as the funding source of further investment into the united states by japanese entities. there is also focus on the fate of a takeover of us steel by japan�*s nippon steel. forjapan, the merger represents a major opportunity to link up operations around the world, in an industry

where bigger is better. but diplomatically, it's a sensitive issue because a takeover of the american steelmaker crosses over into election year politics for presidentjoe biden. that's according to corporate lawyer nick wall, from allen & overy in tokyo. yeah, he's in a very difficult position here. at the pressure of the union on the one side and japan, the us, stronger allies in the region, you know, allies in the region, you know, a strong support of us industry on the other side. you hysterical _ on the other side. you | hysterical shareholders on the other side. you - hysterical shareholders vote on the other side. you hysterical shareholders vote on friday and are expected to approve the deal. only the first step in the process, i understand. walk us through the different hurdles that this deal will have to go through for it to happen. 50 deal will have to go through for it to happen.— deal will have to go through for it to happen. so the vote happens _ for it to happen. so the vote happens on _ for it to happen. so the vote happens on friday. - for it to happen. so the vote happens on friday. i - for it to happen. so the vote happens on friday. i think. happens on friday. i think people are mistaken that that vote will go through. the threshold is not very high, so that should go through. the

regulatory steps, and the first is antitrust. given that they do not have a very large us market share, i suspect that will be a process that they will be a process that they will get through, the next one is the fda approval, sophia �*s approval, which the authorities will look at the impact on us security and i think that is where people are expecting more issues. obviously given the nature of the product, given its military use, given its military structure, you can see a construct where cvs is not able to get comfortable with the deal on the basis that it could have an impact on us security. could have an impact on us security-— security. they are keen for this deal — security. they are keen for this deal to _ security. they are keen for this deal to happen. - security. they are keen for this deal to happen. talk l security. they are keen forl this deal to happen. talk us through the significance if it were to happen. what would it mean forjapan were to happen. what would it meanforjapan and were to happen. what would it mean forjapan and the us?i think it has become very political, so it's a big sign of the strong relationship between the us and japan, people looking with that perspective. obviously it's also very important for the

auto sector. as you know for both the us economy and china economy, the auto sector is a huge part of it. the initial approach to us steel was from cleveland, which i think caused particularly a lot of concern on the concentration of the market and how that would affect prices going forward. i suspect a lot of the auto—makers are quite keen to see this deal going through in terms of balance and the market a bit more. also as well, a large source of the demand in the us will be from japanese auto—makers in the us, they will be very, very keen to see this as well. now, if you thought the only way interest rates in the us are going is down think again! the boss of one of the world's biggest banks has warned they could climb to 8%. in his annual letter to shareholders, jamie dimon, the head oijmorgan chase, said his bank is prepared for interest rates to jump because of "persistent inflationary pressures". central banks around the world have been busy raising rates in a bid

to dampen rising prices. but with us inflation gradually easing, the overwhelming expectation is for the federal reserve to cut rates this year. in the middle of this uncertainty it's perhaps no surprise that small businesses in the world's largest economy are not feeling too optimistic. the latest survey of small businesses in the us shows that confidence among them slipped to the lowest level in more than 11 years in march. a quarter of the owners said inflation was their single most important concern. from small businesses, to aviation giants. three months after a door plug blew off a boeing plane mid—flight, the us airplane maker is facing increased scrutiny. now, the federal aviation administration is investigating a whistleblower 5 claims that the company took shortcuts that impacted quality and safety. our north america business correspondent erin delmore has more on the story. a former boeing employee

who worked on the 787 accuse the company of cutting corners during production and overlooking engineering problems that could weaken the plane's structural integrity. boeing dismissed the claims as inaccurate and reiterated confidence in the 787 dreamliner. meanwhile, the company delivered its lowest number of planes in the first quarter of the year since 2021, just 83 planes, down from 157 the quarter prior. boeing executives say the company is slowing down production so that it can improve quality control. but delivery delays are sparking criticism from customers who have little choice but to fulfil their needs. boeing and airbus dominate the us market. boeing's shares dropped tuesday to their lowest point in five months. now let's turn our attention to artificial intelligence because competition is heating up to develop the technology that will power the next stage of the ai revolution. intel has unveiled a new chip — the gaudi three — that aims to do precisely that. the tech giant said the chip is capable of training specific large language models 50% more quickly than nvidia's h—ioo processor. intel has struggled to challenge nvidia's

dominance in semiconductors that power ai. experts estimate that the majority of african artifacts in museums are currently held outside of the continent 7 despite moves by some institutions to return items in recent years.but what if these could be repatriated at least digitally? alasdair keane met one artist who is using techology to do just that. it's more than just like an art collector. we kind of intersect between like arts, tech, activism and history.

the inspiration that came to me was the inspiration from africa was the inspiration from africa was living outside of africa, and that was something that was deeply unsettling for me. also, you know, something that i've always wanted to have some sort of hand to change. he described their project as a digital heist. they capture objects on display in the british museum digitally, but say this doesn't break the museum's rules, which allow 3—d scanning by visitors for non—commercial use. we're using light art technology, so making scans, going around, you know, the different artefacts, scanning them and then taking that data that we've retrieved and then using those for, you know, vr experiences, nfts and different installations as well. their most recent project involved the rosetta stone, an ancient slab used by egyptians to study hieroglyphics.

using free software from the company snap, they were able to display it virtually in egypt. the actual position where the rosetta stone is from is citadel and rashid. simply you just need a are enabled device snapchat and then you can view that in its position in rashid. with this whole like digitisation of artefacts, i see this more as something that's for the future and for the younger generation. it starts with the story, the rosetta stone.— it starts with the story, the rosetta stone. and disappears before peeple _ rosetta stone. and disappears before people in _ rosetta stone. and disappears before people in the _ rosetta stone. and disappears before people in the scale - rosetta stone. and disappears before people in the scale of i before people in the scale of what it is. a cool thing about ar is you can see it as it looks now but how it will look in the past. looks now but how it will look in the past-— in the past. how it originally looked, right? _ in the past. how it originally looked, right? what- in the past. how it originally looked, right? what a - in the past. how it originally looked, right? what a lot i in the past. how it originally looked, right? what a lot of| looked, right? what a lot of people don't know is that it is actually a fracture of the original stone. actually a fracture of the

originalstone. so actually a fracture of the original stone. so part of our journey was to actually rebuild the rosetta stone.— journey was to actually rebuild the rosetta stone. what do you ho -e the rosetta stone. what do you hepe peeple _ the rosetta stone. what do you hepe peeple get _ the rosetta stone. what do you hope people get out _ the rosetta stone. what do you hope people get out of- the rosetta stone. what do you hope people get out of using i hope people get out of using this and experiencing this? with this whole digitisation of artefacts, see this as something more that is for the future and for the younger generation, most of the uses of like snapchat is you know, people that are a lot younger than me. like the gen z and things like that. so i saw this as like the best app, but then also because of the, the ease of the use for the technology. and before we go hsbc is selling off its business in argentina at a i—billion—dollar loss, after years of battling with the country's unstable exchange rate. just to give you an idea, five years ago, one dollar could be exchanged for 43 pesos. it is now worth more than 860 pesos. hsbc argentina, which has more than 100 branches and 3,100 employees, will be bought by a major argentine financial group.

and that's it for this edition of asia business report.

hey, i'm steven with the catch up. tonight — champions league security, harry styles tour guides and a goat invasion. we're starting with this week's champions league matches and heightened policing at stadiums after concerns about security. it follows threats on social media by a channel that supports the islamic state group. one of the places mentioned is the emirates where arsenal play. police say they have a robust plan in place to keep people safe. security is also being stepped up at stadiums in france and spain. there's no threat to any specific matches.

the uk terror threat level is still at substantial — meaning, an attack is likely. some other stories now and louise thompson from made

after a counterattack, rodrigo rolled in a second. manchester city and the second scored twice in a five minute. i'll stop lashed in a leveler, top left—hand corner, a great goal, a curling effort for his first for the club. however, 11

minutes from