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 haslar investors the big question is how are they doing in china? elon musk�*s car companyjust got musk�*s car company just got good musk�*s car companyjust got good news on that front. haslar 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 for is domestic competition in china along with softer demand. remember, tesla is notjust a car company. is an autonomous driving and robo taxi company with massive amounts of data needed to treatments 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 closed 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 pressure to pay shareholders a dividend. it is not 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 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 market and they still occupy nearly 70% of market share in china, but challenges are growing in china. it is key in china because we have a totally different internet service ecosystem here and they

understand the legal needs of local providers with large language models that work well in chinese. and even for the high—end investors they do not have a deep pocket as before. so value for money devices from local brands typically have higher stocks. local brands typically have higherstocks. local local brands typically have higher stocks. local brands are growing fast in the higher segment especially for huawei and i think it is understandable for chinese consumers to purchase high—end domestic products. consumers to purchase high-end domestic products.— domestic products. what does a - - le domestic products. what does apple need — domestic products. what does apple need to _ domestic products. what does apple need to do _ domestic products. what does apple need to do to _ domestic products. what does apple need to do to maintain l domestic products. what does. apple need to do to maintain or regain market share? m is apple need to do to maintain or regain market share?— regain market share? ai is the next big thing _ regain market share? ai is the next big thing in _ regain market share? ai is the next big thing in china - regain market share? ai is the next big thing in china is - next big thing in china is important market. we expected to reach 12% this year and some

of the ai for productivity and communications are attractive to early adopters in the high—end market. they have chip design and community and right now the next step they need to invest in key demand drivers to boost upgrade demands of existing users.— boost upgrade demands of existing users. boost upgrade demands of existin: users. , existing users. samsung says it exects existing users. samsung says it expects demands _ existing users. samsung says it expects demands of _ existing users. samsung says it expects demands of smart - existing users. samsung says it i expects demands of smart phone to decrease in coming months. the world because maker of chip has reported a rise in proper rating —— profit. shared office space provider 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 will be the keynote speaker at three events in the region starting in jakarta at three events in the region starting injakarta and bangkok and then kuala lumpur. the types of people who will be attending our data scientists as well as people across the span there of the internet to give them a flavour of what this technology can do. he is not the only person in the tech space to have been visiting this part of the world this month. we had tim cook from

apple here talking to indonesian leaders as well as a visit to vietnam. this trip for microsoft comes one week after a stellar earnings. they had invested heavily in the ai space and they hope that this technology will be able to be developed in this part of the world. thank you for that, monica. the imf says it has approved funding for pakistan. it is the final financing funding for pakistan. it is the finalfinancing under an final financing under an agreement made finalfinancing under an agreement made last year which help the southeast asian country avoid a sovereign default. 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 the villages near a chinese—owned open pit copper mine on the outskirts. on the outskirts of the democratic republic of the congo's second largest city. christoph lives 500 metres from the mine and he is leading local opposition against it. translation: before mining, there is a siren that wails and the police and the company

guard coming around with a bullhorn saying to get out. whatever condition you find yourself in, whether you are sick or whether you are a woman was just given birth, you're obliged to leave. the push for a greener economy is for minerals for evs extracted by mines. a local say the production is been disrupting their lives. translation: the air, there is smoke and gases the environment is polluted with this exploitation. there are machines that work day and night and this pollution doesn't allow anyone to rest peacefully. translation: the dirty water from the mining comes from the site and it is spreading acid here and we walk on it. this acid water spreads to the vegetable fields where we grow our spinach and cabbage. things that we eat. it is not poison that we eat?

the mine denies allegations of pollution. the only way we use acid is where we are diverting the copper in the acid. that process is completely managed. the bbc has identified 62 mining projects owned or partially owned by chinese companies. extracting minerals needed for the green transition. the un says the use of critical minerals leads to increased sixfold by 2040 for the world to reach net zero by 2050. as chinese mining companies face challenges from local communities. translation: when i pass by this mine, it hurts me because i remember it was once a source of life.

the fields, the fishing. there are people, artists who would take clay there to make art and objects about all of that, it hurts me. as the leading processor of these minerals, local communities say china as 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. and that's it for this edition of asia business report. thanks for watching.

hello. this is the catch up.

tonight, why could the price of this 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. the snp is 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 packages and puberty blockers for people under 18. and puberty blockers for people under18. politicians and puberty blockers for people under 18. politicians from other parties and 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 of the 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. billy i lish has 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 it's 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?

called �*anchoring' — it's more of a spending cap,