counting down to a meeting between the leaders of the united states and china. we look at what's at stake for the world's two largest economies. plus, cleaning up what's left behind. the nuclear industry in the uk faces an existential question. hello and welcome to asia business report. i'm monica miller. world leaders are arriving in san francisco for the ongoing summit of the asia pacific economic cooperation, or apec. the us presidentjoe biden has landed there and so has his chinese counterpart, xi jinping. they're set to meet for talks on the sidelines of the summit. the leaders of the world's two biggest economies have a lot

to discuss, not least their ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc�*s james clayton is in san francisco and he's filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world's trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world's population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment

where the american government shot down a chinese spy balloon and flaming tensions in the south china sea and also joe biden ramping up a ban on high—level chips which really hurt the chinese economy. diplomatic tensions between those two countries, but there has been a thawing in recent times and there have been a number of discussions recently. there is no real indication that any high—level agreements had been made here this week, but there are hopes that at least the countries�* militaries between china and america will actually begin speaking again and there may be some announcements around things like artificial intelligence and the production of fentanyl. a lot of the fentanyl on the streets of san francisco comes from china through mexico and across the border. so there may be a few things that countries can agree on but there is not much hope from what i can see that there will be any high—level diplomatic agreement

here. that's james clayton there in san francisco. the ongoing war between israel and maas will be high on the agenda. finance ministers have agreed to do everything they can from an expanding to a regional conflict. she said an escalation could pose a serious risk to the global economic outlook. india now it's trade minister also in the us right now. following a visit to the tesla factory in keller cornea on tuesday. he had said baby makers are set to increase its imports of auto components from india. to get more on this problem by we will go to my colleague. how much appetite there is for ev.—

there is for ev. electric cars are a small _ there is for ev. electric cars are a small part _ there is for ev. electric cars are a small part of- there is for ev. electric cars are a small part of the - are a small part of the industry, i.3% are a small part of the industry, 1.3% of all cars sold are electric cars. in the market is more focused on the two wheeler segment, but then there is a growing demand, especially among the burgeoning middle class, they have higher spending power and more people want to move and have been concerned about climate and want to move to electric vehicles. a large part of cars are hybrid who run on fossil fuel and electric, but there is growing demand for fully electric vehicles as well and the government wants to increase the share of electric vehicles and the overall automobile sales to 30% by 2030. there certainly is a market for companies like tesla and the others to come and have sales in india, especially at a time when other western

geographies are seeing a slow economy. geographies are seeing a slow econom . ., ~ geographies are seeing a slow economy-— geographies are seeing a slow econom. ., ~ ., , economy. elon musk has had his e e on economy. elon musk has had his eye on building _ economy. elon musk has had his eye on building a _ economy. elon musk has had his eye on building a plant - economy. elon musk has had his eye on building a plant in - eye on building a plant in india, where did those discussions land? , , discussions land? there seems to be an eagerness _ discussions land? there seems to be an eagerness on - discussions land? there seems to be an eagerness on the - discussions land? there seems| to be an eagerness on the tesla and indian government side to pursue a deal, after elon musk met the prime minister in the united states injune, and we understand from reports that talks are progressing faster. elon musk initially is intending to wants to set up a manufacturing facility a battery manufacturing unit in india to start with. he plans could go up to manufacturing and fully electric vehicle in india, but at the moment a discussion, stands around starting with increased confidence sourcing and building a battery unit in india and talks are progressing on that part. remember elon musk has been wanting to enter, bring tesla cars to india since

2021 but higher import rates, duties, on imported cars, which range from 70 —100% in certain cases to support local industry has been a detrimental tesla. but there has been a change stance by tesla over the last one year where they have been looking to move some of their manufacturing to countries like india, they want to diversify out of china. and they are looking at the indian market and the indian government has been very clear that they could look at concessional import duties only for companies that want to locally manufacture eventually in india and that's why the trade minister and his visit to the tesla factor also seems significant.— visit to the tesla factor also seems significant. let's turn our attention _ seems significant. let's turn our attention to _ seems significant. let's turn our attention to the - seems significant. let's turn our attention to the us - our attention to the us economy. the year over year consumer price index readout for october measured overall inflation at 3.2%. that is down from 3.7% in september. those

numbers are pumping up the confidence of investors as they put aside fears for now that there will be more rate hikes in the future by the us federal reserve. the bbc�*s erin delmore reports from new york. investors looked at the inflation data from tuesday and saw a lot to like. their confidence sent stocks rallying across all three major indices. the nasdaq closed up more than two percentage points. the dow nearly one and a half percent point after spending the day flirting with a 500 point gain. the s&p was up at 9% closed all 11 sectors gaining. that marks the markets best performance on the price index day since last november. treasury yields took a dive with a ten year yield at 10.4% above 4.6 marking its biggest one—day decline since march. the cpi data buoyed investor's hopes that the federal reserve is finished raising interest rates. the fed meets again next month and the expectation is that they will hold

interest rates steady. using price pressure may mean an era of federal reserve rate hikes has drawn to a close. let's turn now to the uk and the first new nuclear plant to be built there in decades. it's called hinkley point c and its construction theo leggett reports. for decades, the two reactors at hinkley point b provided enough electricity to power one and a half million homes in the south—west of england. but last year they were closed down. beneath my feet is the core of the nuclear reactor. for nearly half a century, it was generating huge amounts of electricity, operating at high temperatures and under enormous pressures. but now the reactor�*s been shut down and the highly radioactive contents need to be removed and removed safely. and that's what this machine over here is all about. it's a heavily shielded crane which pulls the old fuel elements out of the core.

so the fuel assembly that's being lifted contains eight fuel elements. those fuel elements are highly irradiated and can be lethal. but the whole point of this entire set—up is to make sure that nobody comes anywhere near that fuel. the fuel assemblies are brought down to a special cell where they're taken apart. the radioactive remains are then left in these ponds to cool for several months. they're then placed in special, rugged containers before being driven away into storage. emptying all the fuel will take four years and cost around £1 billion, but that's just the start. afterwards, other work can begin, such as the removal of these huge turbine generators. the reactors themselves won't be dismantled for some 60 years. the waste they've created during their life span will remain in storage. and campaigners say that's reason enough not to build any more nuclear plants. the main lesson we should learn

from decommissioning the existing fleet is that we still don't have an answer for what to do with nuclear waste at any scale. and the more highly radioactive waste that are coming from the proposed new plants are going to be even more of a problem. yet, a stone's throw away from hinkley point b, a new nuclear plant is being built. hinkley point c. it's due to start generating infouryears�* time, but one day it too will have to close. and plans for its eventual demolition at the end of the century are already in place. theo leggett, bbc news, hinkley point. and that's it for this edition of asia business report. i am monica mueller. thanks for watching. voice-over: bbc news, - bringing you different stories from across the uk. the 93 bus service port

carlisle and other villages along the beautiful coast. the 17 villages between carlisle that this bus services, we have no shops apart from kirkbride, have no post offices, we have very few social places like pubs or anything. they are all closed. people in these villages need the bus service. the bus was threatened with closure last year and local people campaigned to save it including the youngest in the community, here at kirkbride primary. we decided to protest and say we need that bus. and so the bus was saved after local councils agreed a £12,000 subsidy. but the money came to a stop earlier this year. so will stagecoach perform another manoeuvre to keep the service going?

the 93 service at the minute unfortunately is not carrying enough passages to cover its operating costs, so we have agreed to continue operating it for the time being but we are in discussions with a local authority in cumberland about how we can work together to try and keep that service going. voice-over: for more - stories from across the uk, head to the bbc news website. hey, i'm zoff with the catch up. tonight, underage delivery riders, a dream careerfor one 26—year—old, and a festival celebrating dogs. first, you might use them to order a takeaway when you get home from a night out or to treat yourself midweek. but a bbc investigation has found a black market trade in delivery app accounts for deliveroo, just eats and uber eats, which allows underage teenagers to sign up as riders. basically, at the moment, riders who sign up to work for these big food delivery apps have to pass background checks and verify their

age of 18 or above. but once accepted, they can lend their accounts to another person to work instead of them. and politicians say this needs to change, and deliveroo, uber eats and just eat say they're working with the government to find a solution. next, this is fun, so a youtuber who left his job at the council to play at the computer game football manager full time says he's now doubled his salary. 26—year—old tom kelsey started his youtube channel dedicated to the game whilst he was a student at nottingham trent uni and now he posts around three videos a week and runs his channel from his bedroom at his parents�* house in lincoln. for me to be able to earn that money whilst also being my own boss and having had my own choices and not work for someone else is is the best part of it. it's the freedom that i get from it. and that's what i love. time now for 10 seconds of cute dogs. the day of the dog celebration in nepal happens overfive

days. rightly so. these adorable dogs are praised and treated for their loyalty and companionship. you're all caught up now. see you later. hello.

welcome to sportsday. i'm hugh ferris. our top stories: returning to a country for which her feelings run deep: emma hayes will be the new head coach of the us women's team. the oppression of the heat and being home favourites: how will india cope with their cricket world cup semifinal? and defeat for djokovic in turin as sinner makes it two wins from two at the world tour finals. hello again. welcome along. emma hayes will be the new head coach of the us national women's team, confirming an appointment that appeared likely once that she'd revealed she was leaving chelsea at the end of their season. hayes will become the highest paid coach in women's football and says it is

"a huge honour to be given the opportunity