from new aia to cooperation with apple, google reveals plans. disney's newly returned's strides in returning extremely business back to prophet, saying we are on the right path. hi there, welcome to asia business report, with me, mariko oi. google has announced it is rolling out ai mariko oi. google has announced it is rolling out al to its cause search at its annual developer conference at silicon valley. the move comes after

microsoft incorporated chatgpt microsoft incorporated chatg pt into microsoft incorporated chatgpt into its being search engine earlier this year. the company also announced a new folding phone. james clayton has more from the conference. well, this is google�*s big tech annualjamboree. it is google�*s opportunity to burnish its artificial intelligence credentials and show off its latest products, since chatgpt was launched by open ai last year, it has been widely regarded that google were called on the hop, they didn't realise it was going to be that successful, and since then they have been playing catch up, this was an opportunity for google to show off its artificial intelligence, where there were no big announcements here today. what we did get were a series of iterative announcements regarding ai, for example, its flagship shark bite, bader, to be rolled out across 180 countries and territories. they also

announced a partnership with adobe for an ai power centre to be connected to bard. they announced a new phone which is foldable, at the cost of $1800. lots of people here were excited at the news. at the same time, that is a very expensive price point. it will be interesting to see how well that sells. james clayton reporting there. let's stay with that. microsoft says it will not raise salaries for full—time employees this year because of tough economic conditions. like many other tech giants earlier this year, it announced a major series of layoffs, letting go 10,000 staff, the company says it will continue with its bonuses, stock awards, as well as promotions. later today, china's august online retailer, jd.com, is set to release its financial report card for the first quarter this year, analysts are expecting to see a boost in earnings after

official data showed a rebounding retail sales of the last two months. we saw in up against bending during the extended labour day holiday earlier this month. revenues from domestic tourism doubling from domestic tourism doubling from pre—pandemic levels. it looks like the big spenders are also back. last month, luxury brand lvmh reported a 70% increase in revenue from a year earlier, that was driven by strong sales in china. can this pent—up demand be sustained? from vanguard, we were told a little earlier that they do not think so. ~ , ., �* think so. we definitely don't want to underestimate - think so. we definitely don't want to underestimate the l want to underestimate the strength of the demand after three years of lockdown. people do want to spend. but also don't think we should overestimate the sustainability of pent—up demand, pent—up demand will eventually fade away, especially when the house

hold stays quite weak at this moment. when we look at the first quarter income growth is low, the unemployment rate is high, so essentially the consumers are drawing on their savings for the spending. that cannot last forever.— cannot last forever. despite some positive _ cannot last forever. despite some positive economic- cannot last forever. despite l some positive economic data, i've noticed that the youth unemployment rate has been quite high. how much prejudice that put on overall consumer spending in the country? i think when you look at the youth, you know the younger generation, they are the one who likes to spend. so that very high youth unemployment is definitely going to put a drag on the consumption. and then when the graduation season was coming we had 9 million graduates who may face this very weak labour market for the youth generation, think that is not going bowed very well for consumer confidence in general. from the well�*s second biggest

economy to its largest, and there is some good news. us inflation has it low 5% for the first time in two years, coming in at li—point neighbours sent in at li—point neighbours sent in the 12 months to april and that marks the 10th month in a row that price rises have slowed. prices for milk, airline tickets, and new cars drove the falls, still it is a long way from the 2% target of the us federal reserve. the central bank has been sharply rising interest rates trying to control inflation. disney's latest financial results show the media joan mir ——jane has made some progress in cutting its losses from streaming, even as the number of subscribers to disney plus fell sharply. this is a first set of quarterly results and bob iger returned to leave the country and he is trying to slash costs by i $5 billion this year. michelle fleury has more. disney said losses in its streaming business totalled

$659 million, an improvement from a year earlier. the progress was largely down to price increases introduced last december. since his return as chief executive, bob iger has made restoring profitability and is on a video offering a top priority, during a call with investors, he said it was on the right path to streaming profitability, even with your right —— right astray going on right —— right astray going on right now. lawson 2019, disney plus enjoyed explosive growth, but costs also balloon. by spending less on bringing in new customers, disney is making more money of each one, but its subscriber numbers are fallen. the service is roughly 158 million subscribers around the world, down 2% from december, with most of that loss going from ultra low price subscriptions in india. while all streamers face the challenge of how to make money, disney does have one big advantage, is the impulse, which continue to do very well.

profits at the company's parks, experiences, and products division climbed 22%. michelle fleury reporting there. in a relief to the struggling carrier, gofers has bankruptcy protection from an indian tribunal. we find out what this means for the airline which has been one of the top by budget carriers in the country. in here's national company, which has been hearing the cases last week, has admitted the voluntary insolvency petition. they welcomed the ruling called historical ms angus present —— prevented a viable airline from becoming unviable, it enforces a moratorium on the airline's assets, meaning those who have least the aircraft to go first cannot take them back right now. go first, which was earlier called glow and before being rebranded, had filed for bankruptcy of reporting losses due to what they called faulty

engines that force them to ground a huge section of the fleet. pratt & whitney have denied the allegations. under the circumstances, these are welcome developments 42, certainly not the best developments for the lessons because they cannot make any recovery at this stage because bankruptcy proceedings have kicked in. the ruling from the court on wednesday so the 7000 strong workforce of go fast cannot be laid off at this stage. experts say that while this is a welcome development under the circumstances, it is still going to be a challenging effort for go first to try to figure out how to set their house in order. now, if you are a company that is based on the powerful roar of engines only with petrol, how do you go when there is a push to near silent electric customer that is typical ferrari has found itself in, they are due to produce their first super car powered by batteries into mcgree's, but

say it will continue making its traditional goals at least for now. theo leggett sat down with the company's chief executive. i think the essence of ferrari is a luxury brand, when you're about a luxury brand were talking about a brand that is touching the client in the soul. you may touch it with a car, racing, with a lifestyle. this is a luxury brand which is touching the core of the people. touching the core of the maple-— touching the core of the --eole. ., , ., , people. you will be developing can 'ust people. you will be developing can just -- _ people. you will be developing can just -- combustion - people. you will be developing canjust -- combustion engine| canjust —— combustion engine does, but here in the uk those cars will be banned from 2035. does that mean at some point in the future a large part of your range will be banned from the uk, they won't be sold here? we are taping _ uk, they won't be sold here? - are coping with variation on the countries we are operating income the reason we have three kind of propulsion scheme, the red, the hybrid, the electric, it has to cope with any regulation all of their wealth. for me and many other people who like ours, a ferrari is

about a raucous engine note, this is part of what makes ferrari as the red paint schemes, for example. how are you going to replace that feeling in an electric vehicle that doesn't make a lot of noise? i that doesn't make a lot of noise? ~' , ., ., noise? i think when you are havin: noise? i think when you are having a — noise? i think when you are having a ferrari, _ noise? i think when you are having a ferrari, you - having a ferrari, you experiences in different ways, you experience it with the eyes, the ears, with the full body. when it comes to the south, political belief that the electric engine, electrical engines, it's no sound. well, it has a sound, and that is what we want to extract and to make it specific for alcohol. stay with industry, because the japanese automaker toyota has posted four year results that are better than expected, and made more than $18 billion for the fiscal year, which was a drop on the year earlier, but it also raised its forecast going forward, with analysts saying it appears the industry has overcome the supply chain

disruption that has been troubling the industry. that is it for the programme. thank you so much watching. 3am on the central line and this team is cleaning a mix of human hair, skin, and metal that comes from the brakes and tracks. it's everywhere. the team uses magnetic wands to lift the waste into bags, they take away tons every night, these hard —— it is hard, hot work. the straight cleaning teams work through the night, they're trying to do is clean up they're trying to do is clean up all of this debris so that it doesn't create tube dust which then people breathe then. this section of track was clear just a month ago, two teams managed to cover 40% of the

network a year. dust has always been a problem on the underground. 0nce shoufler offers, as they were then known, cleaned the tracks. the degree is also a fire hazard. the dust is lines are central and the bakerloo. research is being done into the health impact of the dust. tfl says the levels of iron oxide are within current health limit and their quality on the tube isn't harmful. tfl says results from research will be known sometime this year. it also wants to use new technologies to clean the tube's air. at the moment, though, is as these track cleaners will help keep dust levels down. hey, this is the catch up. tonight, eurovision fun, uber takes flight and a furry caller. a jury has found that

the former president donald trump sexually abused a magazine columnist in a new york department store in the 1990s. they ordered him to pay ejean carroll around $5 million in damages. it is the first time he has been found legally responsible for a sexual assault. and some other stories for you now. uber users in the uk will soon be able to book flights. the company say they want to create a door—to—door travel solution for their customers and this could even be in place by summer. and eurovision started in liverpool last night and 15 acts competed for a place in saturday's final. ten countries are through to the next including norway, sweden and portugal. and that is not all. actress and comedian catherine tate will reveal the uk jury's favourite act during saturday's final.

and time now to leave you with ten seconds of unwelcome visitors. brace yourself for this one. look at this very brave bear caught on camera ringing a doorbell at a house in west virginia in the united states. doorbell rings that is definitely the last visitor i would want late at night. you are all caught up now. have a good night.

hello, i'm mark edwards from the bbc sports centre. coming up on our programme, heading into the final. inter milan beat fierce rivals ac milan 2—0 in the first leg of their champions league last four tie. more disappointment for delhi — capitulation from the capitals as they lose again in the ipl while the super kings march on. and the weather wreaks havoc on stage five of the giro d'italia — in fact it was raining cats and dogs, with the world champion given a �*ruff�* ride.