the hong kong court grants crisis of china's property developer even more time before it makes a decision on liquidation. going back to live in caves. controversial comments made by the resident of the climate talks when asked what would be needed to phase out fossil fuels. hello and welcome to asia business report. hong kong court has granted at around more time yet again to come up with a restructuring plan adjourning a hearing until the end of january. adjourning a hearing until the end ofjanuary. the company adjourning a hearing until the end of january. the company is the world's met and entered company developer and its lawyers told the court that was five more weeks it could put refined its restructuring proposal. for more on this, let's go to asia business correspondentjoining us from our studios. we have been in this situation before, haven't

we? , . , , we? yes, we have been in this situation _ we? yes, we have been in this situation and _ we? yes, we have been in this situation and times _ we? yes, we have been in this situation and times before - we? yes, we have been in this situation and times before to l situation and times before to be specific. this is the latest adjournment to be honest with you and when it comes to this whole anagram saga and we are in today isn't so different to the position we were in yesterday —— evergrande. the details we have out of the court, we haven't had many. what we do know is that the creditors, these foreign creditors, these foreign creditors who brought the case against evergrande, they weren't opposed to the adjournment, so that suggest that the parties are going to try and go back to the drawing board and come up with some kind of repayment plan that is credible for everybody. evergrande says that will be refined in the next five weeks but have to say about that. it is with renting out that even if a liquidation had been ordered or if it ever is ordered or if it ever is ordered in the future, that really is subject to approval from beijing. the mainland government. because the vast majority of these debt are actually owed to creditors in china, these foreign creditors

represent only a fraction of evergrande's total debt and it is hard to be to a situation in which the mainland chinese government in beijing let's foreign creditors get their hands on their money before domestic creditors do let alone the hundreds of thousands of people who are still waiting for their houses to be built in china. . �* , for their houses to be built in china. . �*, , ,,. china. that's in perspective from the — china. that's in perspective from the last _ china. that's in perspective from the last point - china. that's in perspective from the last point you - from the last point you mention. why has it been such a big deal? mention. why has it been such a bi deal? ., , , ., ., big deal? properties are a really big _ big deal? properties are a really big deal— big deal? properties are a really big deal in - big deal? properties are a really big deal in china. it| really big deal in china. it represents about a order of the chinese economy, properties where a lot of people invest their money. some people put their money. some people put their life savings into homes. evergrande is one of many chinese property developers who are facing colossal debt. it is the most indebted like you said, they have liabilities over 300 million —— $300 billion. when a company like evergrande is suffering, that means whole property sector is at risk. i will explain very briefly how this happens. a couple of years ago the chinese government became very alarmed

at the rate of borrowing that these companies were doing to finance these credits. that means that cash is dried up for property developer so you have all these unfinished massive housing projects across china. that means a lot of chinese people had their money tied up in places that don't even exist yet so you can see real tangible effects on the 20th economy. it is a problem for people across china.- economy. it is a problem for people across china. good to have you _ people across china. good to have you on _ people across china. good to have you on the _ people across china. good to have you on the programme | people across china. good to i have you on the programme to talk us through those developments. now to news from the ongoing climate conference in dubai. it has emerged that the head of the conference recently cast doubt on the world's ability to phase out fossil fuels without, as world's ability to phase out fossilfuels without, as he put it, going back to living in caves. he also is the head of the united arab emirates estate oil firm at the united arab emirates estate oilfirm at mike the united arab emirates estate oil firm at mike anonymity has learned the uae, which is most of this year �*s's lot that my

climate talks, is massively ramping up its own oil production with estimations it will drill 42% more by 2030. our business reporter david waddell told us what people have been making of an oil executive leading his climate conversations.— executive leading his climate conversations. greta thunberg called it completely _ conversations. greta thunberg called it completely regulus . conversations. greta thunberg | called it completely regulus at the british government amongst others have defended him. 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 this weather fossil fuel industry to move towards a green future. countries are committed to $420 million for area suffering the effects of global warming. he has call that a unique, unprecedented achievement. he has encourage countries to commit to deeper cuts to emissions, to work together to have triple renewable power and double energy efficiency. meanwhile, they are on a path

to becoming the world number two oil producer, second only to sell aramco. —— salyer aramco. we are looking at total production between now and 2050 stop at not only to 39.5 —— $35.9 billion a barrel. this is a barrel. it is enough to refuel a typical combat car about three times over. it is widely accepted that oil and gas production would continue for decades to come but it was making its activities more climate friendly and expanding into renewable energies. dauid into renewable energies. david waddell they're _ into renewable energies. david waddell they're getting - into renewable energies. david waddell they're getting us - into renewable energies. david waddell they're getting us more on that. let's take a look at what else is going to be taking place all through the week that we are taking a look at. on tuesday we get a snapshot of the cost of living in south korea and how the economy has been performing there in the country. to that day, we will turn our attention to australia whether central bank is going to be delivering an interest rate decision, and it comes a day before the economic growth

numbers. moving onto thursday when we be looking harder china as it releases trade data with investors looking for signs of recovery and exports from the manufacturing powerhouse. then we look at asia's third—largest economy india where central bank there will be announcing a rate decision after inflation eased to their last three months. finally, we will get most closely watched numbers of the week and that is the us unemployment data is coming up on friday. for more, i spoke to private investment partners. the 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 further convictions in the interest rate is now on hold. in the interest rate is now on hold. , ., ., ., hold. in terms of china, we are affectin: hold. in terms of china, we are affecting trade _ hold. in terms of china, we are affecting trade data _ hold. in terms of china, we are affecting trade data there. - affecting trade data there. what is your sense of the numbers that are likely to come out on the front two from

china, the numbers are likely to be a little bit stronger. the trade data that exports is likely to be down year on year, just over i% likely to be down year on year, just over 1% versus 2/6% in a previous month, but now this is cycling very weak number so an illusion of things are better but still pretty tough. but we think that data is going to be providing some sort of relief that things happen on a whole lot worse compared to the previous figures. it’s lot worse compared to the previous figures.— lot worse compared to the previous figures. it's get you more news- _ previous figures. it's get you more news. astrazeneca - previous figures. it's get you | more news. astrazeneca says previous figures. it's get you i more news. astrazeneca says it has signed a deal worth $250 million with an artificial intelligence company to fight cancer. it uses generative ai cancer. it uses generative al to design optimal drugs to best match the patient with the ai model. also taking into account safety and ease of manufacturing. it is unclear exactly which cancer treatments are likely to target. news from india now it is seeing a

booming luxury spending and that has helped carmakers like germany's mercedes—benz looking up germany's mercedes—benz looking up strong sales in the country. the boss of mercedes india has been speaking to the bbc about his company's performance in india. it is a combination of multiple factors. to start with, i would demographic. we hope to end this year on record high. in our portfolio, it was 8% pre—pandemic and now it is 15%. the second biggest figure is also the economic factor because what we are seeing both gst, which is one uniform tax across india, a lot of money is now declared as income and legit, which also means that consumers are able to apply for loans and able to splurge.

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 india plan is catered for their market is such. 0n the other side, the enablement for export is also fdas and free trade agreements that should be in place, and 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 for sure. one big thing that we are looking at keenly and observing. tesla's into india will be imminent. the government is wearing them with concessions reportedly. how are you viewing this? in terms of concessions, i think on one side, free trade is welcome because economics are talking, but they can happen. in the press reports. out of us always should be a level playing field for any un trend for the local we are investing now for more than 30 years with this plant and here, so it should be

a level playing field when it comes to investments, criteria, but we will have to wait for it. where do you think any stands in the global scheme of things and how will that shift in the next decade? i and how will that shift in the next decade?— and how will that shift in the next decade? i have more than three board — next decade? i have more than three board members - next decade? i have more than three board members coming i next decade? i have more than i three board members coming this year to visit the market and get a sense of the market. this has never happened in the past with so many visions. —— visits. that shows a lot of interest. in visits. that shows a lot of interest-_ visits. that shows a lot of interest. , interest. in germany, people are taking — interest. in germany, people are taking place _ interest. in germany, people are taking place with - interest. in germany, people are taking place with out - are taking place with out musics. 0rganisers in the southern city said they had been asked to pay six times more than usual. it is all for the moment on asia business report but the news continues. stay with bbc news. vmcsovsk: bbc news, - bringing you different stories from across the uk. locals 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 bowden has lived in gartree 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 the sheep and the wildlife, i'm just going to see a wall of prison. 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 harborough district council. however, that refusal has now been overturned on appeal by communities secretary michael gove. i'm astounded at this decision. i think it's completely the wrong decision, and as one member of the public described it to me this morning, they see it as a slap in the face for democracy. it's always been the wrong place. these are country lanes, a country area where they're trying to facilitate this. a spokesman for the moj said that "the decision at gartree "is critical to delivering the 20,000 extra places we need

"to keep dangerous offenders off the streets, "and it'll boost the local economy "by creating hundreds of newjobs." protesters here say they'll fight on. they're calling for a judicial review. for more stories from across the uk, head to the bbc news website.

king's college chapel has been turning heads and craning next for 600 years. 160 feet up above the scaffolding work started to see it through the next hundred. a year—long conservation of a leaky chapel roof now complete, the shifting to conservation to sustainability.- to conservation to sustainability. to conservation to sustainabili . ~ . , sustainability. we are putting on for 38 panels, _ sustainability. we are putting on for 38 panels, 219 - sustainability. we are putting on for 38 panels, 219 that - on for 38 panels, 219 that slope north, we will be complete by the end of december.— complete by the end of december. ~ ., ., , , ., december. what does this mean in real terms? _ december. what does this mean in realterms? how— december. what does this mean in real terms? how wise - december. what does this mean in real terms? how wise it - in real terms? how wise it means an anticipated 123,000 kilowatt—hours per year that reduces carbon emissions by more than 23 tons a year, the equivalent of planting over a thousand trees. we equivalent of planting over a thousand trees.— thousand trees. we are responsible _ thousand trees. we are responsible for - thousand trees. we are responsible for this - thousand trees. we are - responsible for this amazing iconic building representing tradition. but the college is really about education, young people was looking to the

future, and as we look into the future, and as we look into the future we know we need to be serious about sustainability and that is what we have really wanted to do and 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 will - we caught the moment. once complete the panels will not l complete the panels will not change the view, a view that is equally stunning from below and above. 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 0'sullivan, as he won a record—extending eighth uk championship title. nick parrott reports. 30 years separate ronnie 0'sullivan's first major trophy from his latest. back then, he was a fresh—faced 17—year—old. this was an early 48th 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.