leie high—stakes diplomacy — china's president has arrived in europe, with trade at the top of his agenda. from london to paris, and beyond — we'll look at the successes and challenges of a network connecting the uk to europe.

hello, and welcome to asia business report. i'm steve lai. chinese president xijinping has kicked off his first trip to europe in five years. he's arrived in france, and will make stops in serbia and hungary later this week. his visit comes as some countries in europe are taking action over what they perceive to be anti—competitive practices by china. for more on what we can expect, let's speak david weddell has more. president xi arrived south of paris with his wife. french is the only major eu company which... here at the airport he was greeted by france's prime minister, he will also be meeting a man with whom he has very warm relations, the french president. president xi hosted president macron at the chinese city of gong show last year, where president macron was rapturously

received, and in turn, president macron will be hosting his chinese counterpart in french pyrenees, a place where he spent much time as a boy visiting his grandmother. but first on monday, it's down to business — trade tensions between china and the west are running high, particularly over the effect that china's production of electric vehicles has all the international market. tesla for example is already struggling to compete with big chinese players such as bu idea. later the european commission president ursula the line will take part to resolve frictions over this, particularly over chinese subsidies. the eu wants to fight... hoping to sell their cars both the european consumers and globally. and of course, there's irritation about china's perceived toleration of russia since it's full—scale you creation —— invasion of ukraine. in other words, they're not likely to upend the current world order.

zsuza anna ferenczy, from national dong hwa university, in taipei. i don't think the effective will be likely, i think this will be likely, i think this will slow down the appetite and the commission to push back against chinese assertiveness. i'm very aware that the eu is not united when it comes to china. i think we have reached a level of unity when it comes to how we deal with russia, but this is not the case with russia and beijing knows it, hence the visit to some of the member states that xi jinping considers to be key partners. and this is also another purpose of this visit, to make these countries feel special that they have privileged access to china. and this will always undermine the european union — and this is always very clear in the eu, hence the pushback. so i don't think

there will be a positive outcome for president xi as far as stabilising and strengthening eu — china relations. but of course, member states are in the driving seat when it comes to how we go forward with the eu— china relations. in other business news this morning — the head of berkshire hathaway has told his shareholders that his successors are ready for the job. speaking at the company's annual meeting, warren buffett announced that vice chairmen greg abeland ajitjain will take over the company in the future. the 93—year—old legendary investor also announced that his firm sold its entire stake in paramount global at a loss, and cut its investment in apple by 13%. in a few hours, we will learn how indonesia's economy performed in the first three months of the year. the country is in the midst of a leadership transition, after prabowo subianto was declared the winner of its elections in february. for more, let's speak to euben paracuelles from investment bank

and brokerage firm nomura. he believes we will likely see growth of around 5%. i think we have to look a bit more into the details, but because there is still a bit of unevenness they are. we are expecting goods exports to see growth, which is kind of moderating a little bit, probably because of china, but there are some offsetting factors that will boost domestic amounts, in particular private consumption should hold up, but also government spending should do well — this is all because of election related spending that tends to provide a good boost to growth overall.— to growth overall. speaking over the election, - to growth overall. speaking| over the election, indonesia to growth overall. speaking i over the election, indonesia is in a power transition. is that scene is a power risk? there is a bit of that, — scene is a power risk? there is a bit of that, which _ scene is a power risk? there is a bit of that, which is - scene is a power risk? there is a bit of that, which is always . a bit of that, which is always the case when you have some uncertainty as a result of a political transition. so for example, investment spending tends to slow a little bit,

investment tends to hold back until they get some clarity in terms of policy priorities of the incoming administration, which tends to be a pretty long transition in indonesia, given that the new president only takes over in october. so that uncertainty will be here for a while, which means investment spending could be on the softer side for quite some time. there's been some good news recently that microsoft has regionally announced a $1.7 billion investment into indonesia. how been viewed by investors?— investors? that stuff only a ste in investors? that stuff only a step in the _ investors? that stuff only a step in the right _ investors? that stuff only a step in the right direction, | step in the right direction, and obviously these big big tech names — these are the sectors they want to work in, and it also helps to take advantage of the country's young dynamic labour force.

advantage of the country's young dynamic labourforce. so obviously be very helpful — the trick we need to watch. fin trick we need to watch. on tuesday. _ trick we need to watch. on tuesday, the _ trick we need to watch. on tuesday, the reserve bank of australia will deliver his latest decision on the cost of borrowing. this will be closely watched by investors as inflation has remained a stubborn level at 3% and outside the target range of the central bank. later in the week, we will get the latest snapshot of trade in china— manufacturing activity expanded for the second straight month in april. boosting hopes of a rebound in the world's second largest economy. today marks 30 years since the official opening of the eurotunnel — also known as the channel tunnel. it's prominent connections include carrying eurostar passengers from london to paris and beyond. the bbc�*s transport correspondent katy austin has been taking a look at the impact the connection has had, and what comes next. a moment in history — 30 years ago today, queen elizabeth and

the french president officially opened the new connection between their two countries, which made an idea dreamed up centuries earlier a reality. since the queen made her journey through the channel tunnel, 480 million passengers have done the same. these days, 400 trains speed through each day. we are now going out 120 kph, which is roughly 75 mph, and we are coming up to the middle of what is still the world's largest undersea tunnel. driver martin has been here since the beginning. there's this concept that it's just straight through to france, and the tunnel itself is up, down come the corners and everything, no straight lines at all. 50 and everything, no straight lines at all.— and everything, no straight lines at all. so you know this tunnel like _ lines at all. so you know this tunnel like the _ lines at all. so you know this tunnel like the back- lines at all. so you know this tunnel like the back of - lines at all. so you know this tunnel like the back of your i tunnel like the back of your hand? ~,,. , �*, tunnel like the back of your hand? absolutely, it's like a second home. _ hand? absolutely, it's like a second home. building - hand? absolutely, it's like a second home. building it. hand? absolutely, it's like a| second home. building it was hand? absolutely, it's like a - second home. building it was an exceptional _ second home. building it was an exceptional feat _ second home. building it was an exceptional feat of _ exceptional feat of engineering. there are actually three tunnels, the one i'm standing in right now with my high this and hard hat is used

for ventilation, access to maintenance, and evacuating people in an emergency. we are now on the french side, and the uk is 32 miles that way. the tunnel carries a quarter of trade between the uk and eu. plus plenty of holiday—makers, whether on the eurostar to paris and beyond, or using the car shuttle to reach somewhere like this beach, and our�*s drive from the calais tunnel. jump on the tunnel, half an hour to calais, 40 minutes down the coast, perfect, easy, no problems at all.— the coast, perfect, easy, no problems at all. you've done that before? _ problems at all. you've done that before? we've - problems at all. you've done that before? we've been - problems at all. you've done that before? we've been to l problems at all. you've done i that before? we've been to the 2k three times, _ that before? we've been to the 2k three times, so _ that before? we've been to the 2k three times, so we - that before? we've been to the 2k three times, so we always i 2k three times, so we always come through the tunnel. total tourists help — come through the tunnel. total tourists help keep _ come through the tunnel. total tourists help keep the - come through the tunnel. total tourists help keep the wheels moving for small businesses, including this one. translation: i including this one. translation: i drive the little train, translation: i drive the little train. lots _ translation: i drive the little train, lots of _ translation: i drive the little train, lots of english _ translation: i drive the little train, lots of english people . train, lots of english people come over the weekend, it's very good. come over the weekend, it's very good-— very good. the tunnel's financial _ very good. the tunnel's financial journey - very good. the tunnel's financialjourney hasn't| very good. the tunnel's - financialjourney hasn't always financial journey hasn't always

been smooth — it opened to billion pounds over budget, and at one point the country company which runs it nearly went bust, predicted passengers were never reached, but eurotunnel became profitable. new challenges, like the pandemic and breaks it, it meant putting millions into new systems to dealing with additional customs rules. what's next? the boss here once more trains running — that could include for the first time rivals to the eurostar and services. f time rivals to the eurostar and services. j , services. they've said they want to launch _ services. they've said they want to launch new- services. they've said theyl want to launch new services within the next five years. we are very confident that within the next ten years, there will be a doubling of the connection between london and europe. the eurotunnel's_ between london and europe. the eurotunnel's 30 year history has proved eventful, and that's far from the end of the story. and that's far from the end of the story. katy austin, bbc news.

that's according to students sharing their stories on linkedin. tesla has announced thousands ofjob cuts, they promise interns will be allowed to perform meaningful work from day one. the bbc has reached out to tesla for comment. and that's it for this edition of asia business report. thanks for watching.

hello, and welcome to sportsday — i'm olly foster. really, really good, and then really rubbish — that's jurgen klopp's assessement of his liverpoolside, but they still beat spurs. it's magical miami for mcalaren, as lando norris wins his first formula one race. and kyren wilson has the edge, after the first two sessions of the world snooker championship final. hello there, welcome along. there are just two weeks left in the premier league season, and there's so much riding on every game now. there were three games on sunday, and tottenham's

hopes of a top—four finish are pretty much over after