the decision made in the next hour or so will find out whether one of china's biggest property companies could be forced to start a liquidation process. going back to live in caves — controversial comments made by the president of the cop 28 climate summit when asked what would be needed to phase out fossil fuels. hello, and welcome to asia business report. al big focus today, and a little over an hour crisis hit property giant faces a hong kong court hearing that could start to the start of a liquidation process. in october, a judge gave the company" would last opportunity to come up with a new restructuring plan." she also warned that otherwise it will be likely to be subject to a winding up order. ever grande

has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct.— to do and correct. directors will seize — to do and correct. directors will seize control— to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally

data will resume the powers of the directors said they can do basically all of the powers as given by court to them in the court order.— court order. will be hearing more on — court order. will be hearing more on that _ court order. will be hearing more on that story - court order. will be hearing more on that story in - court order. will be hearing more on that story in just i court order. will be hearing more on that story in just a| more on that story in just a little over an hour so stay tuned. use from the ongoing climate conference cop 28 in dubai has emerged the head of the conference recently cast doubt on the world's ability to phase out fossil fuels without, as he put it, going back to living in caves. he is also the head of the united arab abbots estate firm at knock and massively ramping up its own oil production with rice dan energy estimating it will drill 40 to% energy estimating it will drill a0 to% more by 2030. our business reporter david weddell told us what people have made of an oil executive leading these talk.— these talk. the climate campaigner— these talk. the climate campaigner called - these talk. the climate campaigner called a . these talk. the climate - campaigner called a completely ridiculous but the british government amongst others has defended him and lawrence to be

and whatever key architects of the 2015 paris agreement has also defended his appointment saying that he and his team are uniquely placed to persuade the fossil fuel industry to move towards a green future. a key agreement secured already. companies have committed to $420 companies have committed to $a20 million for area suffering the effects of global warming. he has caught that a unique back unprecedented achievement and he has encourage countries to commit to deeper cuts to emissions, to work together to dribble your renewable power into double energy efficiency. meanwhile, on a parto into double energy efficiency. meanwhile, on a par to become of the world number two oil produced a second over to saudi run co—. right now it is number 12 and would not feature on a i2 and would not feature on a graph like this. but looking here at total oil production between now 2050. for edna colon it is 35.9 billion barrels of oil. what is a barrel? it is wannabe. anyone of these would be enough to refuel typical compactly, are about three times over. the

firm said it was widely accepted that oil and gas production would continue for decades to come but was making its activities more climate friendly and expanding into renewable energies. by the emissions associated with its production would amount to ia.3 billion tons of carbon dioxide by the year 2050. that is more than the annual emissions of china, the world's largest emitter. the international energy agency has said that at knock�*s expansion is simply incompatible with the paris agreement objective.- incompatible with the paris agreement objective. agreement ob'ective. let's take agreement ob'ective. let's take a look at agreement objective. let's take a look at what _ agreement objective. let's take a look at what is _ agreement objective. let's take a look at what is shaping - agreement objective. let's take a look at what is shaping up - agreement objective. let's take a look at what is shaping up to l a look at what is shaping up to be a busy week. on tuesday, we will get a snapshot on the cost of living in south korea and how its economy has been performing. laterthat how its economy has been performing. later that day, australia's central bank is said to deliver an interest rate decision and it comes a day before the economic growth numbers. then on thursday we're going to be focusing china, which inaudible with investors looking for signs of recovery and exports from the manufacturing powerhouse. on friday we will

turn our attention to india, the turn of the central bank there to announce a decision after the rates of ease for the last three months. finally, we will look at the us, where we walk get closely watch numbers of us unemployment. a partner from you back partners gave me her take on what to expect. unemployment data is likely to continue to slow and as have indicated by many other indicators such as inflation and the like, we expect the number to be weaker than expected and that is likely to lead to a further conviction in that the interest rate is on hold. in that the interest rate is on hold. . that the interest rate is on hold. , ., ., ., hold. in terms of china, also expecting — hold. in terms of china, also expecting trade _ hold. in terms of china, also expecting trade data - hold. in terms of china, also expecting trade data there. l expecting trade data there. what is your sense of the numbers likely to come out on that front?— that front? from china, the numbers — that front? from china, the numbers likely _ that front? from china, the numbers likely to _ that front? from china, the numbers likely to be - that front? from china, the i numbers likely to be stronger. the trade data, the expert, likely to be down here i knew just over i% likely to be down here i knew

just over 1% versus over 6% in the previous month but now the sister cycling very weak numbers so it is an illusion of things are better but still pretty tough. but net net we think that china data will be providing some sort of relief that things have not gone a whole lot worse compared to the previous prince. abs, whole lot worse compared to the previous prince.— previous prince. a few interest- rate - previous prince. a few| interest-rate decisions previous prince. a few - interest-rate decisions on interest—rate decisions on inflation data in the region this week. anything particular you are watching out for or of interest?_ you are watching out for or of interest? ~ , ., ., interest? here in australia we do have the — interest? here in australia we do have the interest-rate - do have the interest—rate decision there. we think it will be on hold at a.a5%. december rate rise is not a usual practice for the rba here in australia and plus recent inflation number has indicated things are calling down. other rate decisions around the region is likely to be on hold as well. in terms of inflation, i think we should see inflation similar trends across the region, just as we are cycling some of the tougher or easier comms from the previous period

and the cost of living inflation is now really slowing down across the region. the british swedish _ down across the region. the british swedish drug maker astrazeneca says it signed a deal worth a quarter of $1 billion with an artificial intelligence company to design an antibody to fight cancer. diebold logic firm and ski uses generative ai diebold logic firm and ski uses generative al to design optimal drugs to best match the patient with the el model also taking into account safety and ease of manufacturing. it is unclear exactly which cancer treatments will target. get your news from india now which is seeing a boom in luxury spending helping carmakers like mercedes—benz clock up strong sales in the country. the boss of mercedes india told the bbc about his company's performance in asia's first largest economy. we company's performance in asia's first largest economy.— first largest economy. we hope to end this _ first largest economy. we hope to end this year— first largest economy. we hope to end this year on _ first largest economy. we hope to end this year on record - to end this year on record high. there should be the best ever year in mercedes—benz in india and almost 30 years now. it is a combination of various

factors. to start, there are a lot of younger customers now today who have studied abroad in different parts of the world they come back they want to continue consuming inaudible in our portfolio... inaudible in our ortfolio... j~f , in our portfolio... 8% pre- pandemic... _ in our portfolio... 8% pre- pandemic... the _ in our portfolio... 896 pre- pandemic... the second i in our portfolio... 896 pre- - pandemic... the second biggest trigger is also the economic factor because what we are seeing both gst, which is when uniform tax across india and inaudible , a lot of money is now declared as income and legit which also means that consumers are able to apply for loans and able inaudible why are you not exporting out of india and what is your strategy and using your india production hub from local standpoint?— standpoint? the indian operation _ standpoint? the indian operation and - standpoint? the indian operation and plant - standpoint? the indian operation and plant is| standpoint? the indian - operation and plant is catered for their market is such. on the other side, the enablement for export is also free trade agreement should be in place in india is signing up a couple of them but there are still more

in the pipeline for us being german company based out of europe the european fda is wanting for sure. one big thing that we are looking at keenly and observing.— that we are looking at keenly and observing. eminent and government— and observing. eminent and government has _ and observing. eminent and government has warned - and observing. eminent and government has warned them i and observing. eminent and . government has warned them with concessions reportedly. how are you viewing this? in concessions reportedly. how are you viewing this?— you viewing this? in terms of concessions? _ you viewing this? in terms of concessions? i— you viewing this? in terms of concessions? i think - you viewing this? in terms of concessions? i think on - concessions? i think on one—sided free trade is welcome because economics are talking but they can happen. in the press reports. out of uss always been a level playing field for any un trend for the local we are investing now for more than 30 years with this plant and he is so it should be a level playing field when it comes to investments, a criteria etc we will have to wait for it.— criteria etc we will have to wait for it. ., , ., , wait for it. cars are becoming more and _ wait for it. cars are becoming more and more _ wait for it. cars are becoming more and more intelligent. wait for it. cars are becoming i more and more intelligent with increase used of technology like artificial intelligence. how important is india from a technology and are andy perspective in terms of getting stop these elements in place? we are player, proud to have

the largest r&d section inaudible including developing their new operating system happens from bangalow here close to 10,000 odd people working on this topic. odd people working on this toic. ~ , ., ~' odd people working on this toic. ~ ,, ~' ., topic. when you think india stands in — topic. when you think india stands in the _ topic. when you think india stands in the global- topic. when you think india | stands in the global scheme topic. when you think india . stands in the global scheme of things for mercedes—benz and how do you think that will shift in the next decade? more than inaudible coming this year to visit the market and get a sense of the market. �* . market and get a sense of the market. �* , ., , , market. it's never happened in the ast market. it's never happened in the past so _ market. it's never happened in the past so that _ market. it's never happened in the past so that shows - market. it's never happened in the past so that shows there . market. it's never happened in the past so that shows there is a lot of interest. my colleague speaking to the mercedes—benz india boss. you can find much more on all our stories on the bbc news website. that is here for the moment on asia business report but the news continues and we will continue to track all the big stories in the next few hours. to stay with us. one of the most iconic buildings in

britain, king's college chapel has been turning heads and craning next for almost 600 years. 160 feet up above scaffolding, work has started to see it through the next 100. a year long conservation of illegal chapel roof now complete, the focus shifts from conservation to sustainability. we are putting on a38 panels — that's 219 will reach these north—south slope. we will be complete by the end of december.— complete by the end of december. ~ ., , ., december. what this mean in real terms? _ december. what this mean in real terms? power _ december. what this mean in real terms? power wise - december. what this mean in real terms? power wise it - december. what this mean in . real terms? power wise it means an anticipated 100 kilowatt hours per year. that reduces carbon emissions by more than 23 tons a year, the equivalent of planting over 1,000 trees. we are responsible for this iconic building representing tradition. but the college is really about education. young people always looking into the future and as we look into the future and as we look into the future we know we have to be

serious about sustainability. that is what we really wanted to do anything the energy of that came through and i think we caught the moment.- we caught the moment. once complete. — we caught the moment. once complete, the _ we caught the moment. once complete, the panels - we caught the moment. once complete, the panels won't i complete, the panels won't change the view, a view equally stunning from below and above. for more stories from across the uk, head to the bbc news website. the art of good conversation is to say the right thing at the right time. and in the right way. you have to be original, sympathetic, encouraging and also keep an open mind. and you really do just need to sit back and listen. katty kay speaks with dominant names from the worlds of science, business and culture. influential, with me katty kay. watch on bbc iplayer. bbc news, bringing you different stories from across the uk. local say they live

here for the countryside, the wildlife and the peace. but that could change as a new prison is set to be built here. kevin bowed and has lived in ga tree for over 20 years. the concern — tree for over 20 years. the concern is _ tree for over 20 years. the concern is when _ tree for over 20 years. the concern is when i - tree for over 20 years. the concern is when i get - tree for over 20 years. the concern is when i get up i tree for over 20 years. tia: concern is when i get up in the mornings and open my curtains, i'm not going to see the fields behind me, with the sheep and wildlife, i'mjust behind me, with the sheep and wildlife, i'm just going to see a wall of prison.— a wall of prison. plants were first submitted _ a wall of prison. plants were first submitted by _ a wall of prison. plants were first submitted by the - a wall of prison. plants were i first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by the district council. however, the refusal has now been overturned on appeal by michael gove. i’m on appeal by michael gove. i'm astounded _ on appeal by michael gove. i�*rn astounded at the decision. it is completely the wrong decision and is one member of the board described to me this morning, they see it as a slap in the face for democracy. these are country lanes, a country area where they are trying to facilitate this. abs, trying to facilitate this. a spokesman for the emmojay trying to facilitate this. a spokesman for the emmo jay said spokesman for the emmojay said the decision at ga tree is critical to delivering the 20,000 extra places we need to

keep dangerous offenders off the streets and it will boost the streets and it will boost the local economy by creating hundreds of newjobs. protester csa they will fight on. they are calling for a judicial review. for more stories from across the world, head to the bbc website. hello and welcome to sportsday. this is what is coming up on the show. rocket ronnie does it again, extending his incredible record with an eighth uk championship title. tottenham's late strike drops manchester city down to third in the premier league. and despite a host of changes, england's disappointing one—day form continues.

so welcome to the programme. what's coming up and we are starting with snooker, and another record—breaking night for england's ronnie o'sullivan, as he won a record extending eighth uk championship title. nick parrott reports. 30 years celebrate ronnie o'sullivan's first major trophy from his latest. back then, he was a freshfaced 17—year—old. this was an early a8th birthday present for wednesday. i was an early 48th birthday present for wednesday. i always kee- present for wednesday. i always keep beating — present for wednesday. i always keep beating myself _ present for wednesday. i always keep beating myself up - present for wednesday. i always keep beating myself up because| keep beating myself up because of the age thing, i keep thinking at some point have got to stop winning at some point, but i keep doing all right, so will keep going until the walls cache the wheels fall off. thea;r cache the wheels fall off. they have almost _ cache the wheels fall off. they have almost fallen _ cache the wheels fall off. they have almost fallen off - cache the wheels fall off. they have almost fallen off a - cache the wheels fall off. they have almost fallen off a few i have almost fallen off a few times. he struggles with depression, alcohol and drugs are well documented. he arrived at york barbican facing a disciplinary hearing and threatening to quit over the

row. after