case adjourned — a hong kong cord grants crisis it evergrande more time before it makes a decision on liquidation. going back to live in caves — controversial comments made by the president of the cop 28 climate talks when asked what would be needed to phase out fossil fuels. hello, and welcome to asia business report. i'm arunoday mukharji. a hong kong court has granted evergrande more time yet again to come up with a restructuring plan, adjourning a liquidation hearing until the end of january. the company is a world's most indebted property developer and its lawyers told the court that with more weeks it could" refine its restructuring proposal." to understand a little more let's go to our correspondent nick

marsh. through what really happened, we were expecting something a little more definitive, especially based on what the judge had said definitive, especially based on what thejudge had said in october. what the “udge had said in october. ~ . what the 'udge had said in october. ~ . ., ,, october. what happened? it feels like — october. what happened? it feels like we've _ october. what happened? it feels like we've been - october. what happened? it feels like we've been in - october. what happened? it feels like we've been in this| feels like we've been in this position before. with regards to the whole evergrande saga, we're pretty much in the same position today as we were yesterday. this is a seventh adjournment, don't forget. we do not know that many details coming out of the court so far. what we know as the creditors who brought the case were not opposed to an adjournment. that suggest these parties will go back to the drawing board and come up with some kind of restructuring plan, some kind of repayment plan. evergrande says it will try to come up with wonder and ex—wife week. will have to see about that. it has to be pointed out that even if a liquidation order had been given by thejudge in hong kong, realistically this was going to have to be approved by beijing anyway. let's not forget these are foreign creditors outside the chinese mainland and they are only owed

a fraction of evergrande's total debt. it is hard to picture a scenario whether government in beijing would allow foreign creditors to get their hands on the money before domestic creditors. let alone people waiting for homes to be finished in china. put people waiting for homes to be finished in china.— finished in china. put into perspective _ finished in china. put into perspective why - finished in china. put into perspective why this - finished in china. put into | perspective why this issue finished in china. put into - perspective why this issue has been such a big issue which has cascading economic implications, not just cascading economic implications, notjust on china but beyond. implications, not 'ust on china but with implications, not 'ust on china but be ond. �* ., ,, , but beyond. and massive energy because preperty _ but beyond. and massive energy because property is _ but beyond. and massive energy because property is a _ but beyond. and massive energy because property is a massive i because property is a massive thing in the chinese economy. 25% of the entire country, country's gdp. companies in china going through a really difficult time, facing massive debts and no company has more than evergrande. liabilities of over $300 billion. to sum up, very briefly, how we got into this position, the chinese government a couple of years ago became very alarmed at the rates at which these property developers were borrowing and so they put in the strict limits into place to try to

limits into place to try to limit speculation in the property sector. now, these property sector. now, these property companies, the cash is drying up, unfinished projects all over china, so it is really important to economy of these things are not happening. and of course it is important to the people, some of whom have put their life savings as an investment into these projects that have not been finished inaudible so inaudible so what happens to evergrande happens to the people of china. thank you for putting the developments into perspective. news from the cop 28 conference in dubai. it has come out that sultan al—jaber recently cast doubt on the world's ability to phase out fossil fuels. sultan al—jaber is also the head of the abu dhabi national oil company, adnoc, massively ramping up its own oil production, with risdon energy estimating

it will drill 42% more by 2030. our business reporter david reddell told us what people have made of an oil executive leading these climate talks. a climate campaigner called it completely ridiculous but the british government, amongst others, has defended him and one of the 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. he has secured a key agreement already. countries have committed to $420 million for areas suffering the effects of global warming. mr al—jaber has called that a unique, unprecedented achievement and he has encouraged countries to commit to deeper cuts to emissions, to work together to treble renewable power into double energy efficiency.

meanwhile, ancor is on a path to become of the world number two oil producer, second only to a saudi—run corporation. right now it is number 12 and would not feature on a graph like this. but looking here at total oil production between now 2050. it is 35.9 billion barrels of oil. by the year 2050, more than the annual emissions of china, the world's largest emitter. what is a barrel? it is one of these. any one of these would be enough to refuel a typical compact car 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. let's take a look at what is shaping up to be a busy week. on tuesday, we'll get a snapshot on the cost of living in south korea and how its economy has been performing. later that day, australia's central bank is set 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 releases trade data, with investors looking for signs of recovery in 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'll closely watch numbers of us unemployment. a partnerfrom tribeca 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 now on hold. in terms of china, we're also expecting trade data there. what's your sense of the numbers likely to come out on that front? from china, the numbers are likely to be stronger. the trade data, the export, likely to be down here i knew

——year on year, just over 1% versus over 6% in the previous month but now this is 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 prints. 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. a biologics firm and designed 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 currently unclear exactly which cancer treatments will target. let's get you news from india now which is seeing a boom in luxury spending helping carmakers like mercedes—benz to clock up strong sales in the country. the boss of mercedes india told the bbc about his company's performance in asia's third—largest economy. it is a combination of multiple factors.

firstly, demographic shift. 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 readers to have around 8% pre— pandemic and out is closer to 50% mercedes are bought by women. the second biggest trigger is also the economic factor because what we are seeing post gst, which is when uniform tax across india and 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 of using your india production hub from local standpoint? the indian operations and plant is catered for the indian market as such. on the other side, the enablement for export is also fdas and 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 a german company based out of europe the european fda is wanting for sure. one big thing that we are looking at keenly and observing. report suggest that tesla's entry into india is going to be imminent. government is willing them with concessions. how are you viewing this?— you viewing this? free trade is welcome because _ welcome because inaudible are discussing can that happen. that's what we have been reading. ourview that's what we have been reading. our view is that he should always be a living playing field. should always be a living playing field-— should always be a living playing field. should always be a living -la in: field. ., ., . ;~,:: playing field. for more than 30 ears we playing field. for more than 30 years we have _ playing field. for more than 30 years we have been _ playing field. for more than 30 years we have been with - playing field. for more than 30 years we have been with this . years we have been with this plant here so it should be a level playing field when it comes to, criteria etc. to get a sense of the market. this has never happened in the past in a

single year with so many. there is a lot of interest. in europe this time of year traditional christmas markets are a good tourist drawcard. in europe, many are taking place without music after operators complained about excessive demands of royalty. organisers in the southern city of regensburg said they have been asked to pay six times more than usual. the organisation collecting royalties on behalf of composers and lyricists have denied increasing rates and that christmas markets are commercial events rather than charitable gatherings. that's all for the moment on asia business report. thank you for watching and do stay on with bbc news.

bbc news bringing you different stories from across the world. a year—long conservation of a leaky chapel roof now complete, the focus shifts from conservation to sustainability. we are putting on a38 panels — that's 219 for each of the north and south slope. we will be complete by the end of december.— be 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 anticipated 123,000 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 amazing iconic building, representing tradition. but the colleges really about education. young people always looking into the future and as we look into the future we know we look into the future we know we have to be serious about

sustainability. that is what we really wanted to do and i think the energy of that came through. i the energy of that came through-— the energy of that came through. i we caught the moment _ through. i we caught the moment. once - through. i we caught the l moment. once complete, through. i we caught the - moment. once 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 chats 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.

locals say they live here for the peace and wildlife. cameron guthrie has lived here for over 20 years. concern is when i get up in the mornings and open my curtains, i'm not going to see the fields behind me, with a sheep orwildlife, i'mjust going to see a wall of prisons. plans were 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, that refusal has now been overturned on appeal by community secretary michael gove. i understand this decision is a completely 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. this has always been the wrong place the doc visa country lanes, a country area where they are trying

to facilitate this. a spokesman for the prison is critical for delivering the 20,000 extra places we need to keep dangerous offenders off the streets and it will boost the local economy by creating hundreds of newjobs. protesters here say 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.

lots 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 separate 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 always keep beating myself up because of the age thing, i keep thinking at some point i've got to stop winning at some point, but i keep doing all right, so i'll keep going until the wheels fall off. they have almost fallen off a few times. his struggles with depression, alcohol and drugs are well documented. he arrived at york barbican facing a disciplinary hearing, for appearing in an exhibition event earlier this season and threatening to quit over the row. after reaching the quarterfinal, he said ijust

can't be bothered anymore. but there was no lack of desire as he took