hello and welcome to china. hello and welcome to asia business report. let's start in latin america where javier miliei has been sworn and is argentina's new president. as we have been hearing on newsday the libertarian economist said shock treatment is needed to jolt the country out of an economic crisis with inflation heading towards 200%. on the campaign trail he also included plans to shake up its relationship with china saying, he will not deal with communists. however, the chinese foreign minister is wanting it would be a serious mistake for argentina to cut ties with the country. rebecca rea senior researcher with the global china initiative at boston university says it is hard to break ties with the world's second—largest economy. javier miliei may not do business with communists but his farmers are happy to do so.

it is important to bear in mind that while javier miliei came to power on a china sceptic platform he also came to power on a pro—business platform. in one of argentina's most important business sectors creating the largest number of exports bringing in the largest amount of dollars as agriculture and where did the crops go? was ill, the eu and china. there is no practical way to cut ties with any of those, argentina's trading partners in more than is ill or chill a or any south american neighbours can do.— chill a or any south american neighbours can do. what do you see happening _ neighbours can do. what do you see happening now— neighbours can do. what do you see happening now he - neighbours can do. what do you see happening now he is - neighbours can do. what do you see happening now he is in - see happening now he is in office? if see happening now he is in office? , ., ~' see happening now he is in office? ~ ., see happening now he is in office? ~' ., ~' office? if you like to think about an _ office? if you like to think about an example - office? if you like to think about an example that. office? if you like to think. about an example that might repeat itself, look to the north, in brazil where the president took power in 2019 he also came to power on a china sceptic, pro—business platform and while official lending paused during his time trade and investment continue to grow to record levels. i would

expect is exactly the same thing happen in argentina between trade and agriculture, and investment in lithium, lithium batteries and electric vehicles, there are simply too much progress much momentum for breaking to be in anyone's interest at this point. javier miliei on — interest at this point. javier miliei on the _ interest at this point. javier miliei on the campaign - interest at this point. javier miliei on the campaign trailj miliei on the campaign trail said many things he would introduce the dollar is the currency, he would scrap the central bank, do you see any softening tone with regards to his campaign promises? well, we have et his campaign promises? well, we have yet to _ his campaign promises? well, we have yet to see — his campaign promises? well, we have yet to see whether - his campaign promises? well, we have yet to see whether or - his campaign promises? well, we have yet to see whether or not. have yet to see whether or not the dollar will be able to be adopted within his first term, that will be a matter for his incoming finance minister and central bank head. however it is likely that regardless of whether or not this happens, it will not happen in the first year and so we have several soy harvests, wheat harvest and corn harvests that will be

going out under the current regime and this current regime is important to say benefiting important sectors in his country. i do not anticipate any of those radical reforms happening in such a way that would cut off this lifeblood of dollars to the economy. rebecca rea on the _ dollars to the economy. rebecca rea on the argentina _ dollars to the economy. rebecca rea on the argentina economy. | rea on the argentina economy. us chipmaker nvidia plans to establish a base in vietnam to develop the country's semiconductor industry, according to the vietnamese government. our business report has the details.— has the details. nvidia is one ofthe has the details. nvidia is one of the world _ has the details. nvidia is one of the world 's _ has the details. nvidia is one of the world 's top _ of the world �*stop semiconductor manufacturers, it is a us keller new based company founded 30 years ago. and this man, jensen huang was one of the three founders, he is now the company ceo and has been on his first ever visit to the southeast asian country. and meetings with the vietnamese government has told them he regards vietnam as a home for nvidia, a place for

attracting global talent. the company has invested a quarter of $1 billion there, on monday according to reuters he was expected to discuss deals with vietnamese tech companies and government authorities. the trade tensions between the us and china have made countries in the region other than china attractive destinations for chip design and manufacture. vietnam is hosted intel's biggest chip assembly factory, this visit could mark the beginning of a new relationship to do another big juicer into the country falls. to do another big 'uicer into the country falls._ to do another big 'uicer into the country falls. let's take a look at what _ the country falls. let's take a look at what is _ the country falls. let's take a look at what is coming - the country falls. let's take a look at what is coming up - the country falls. let's take a | look at what is coming up this week. on tuesday the was scheduled to release inflation numbers for november, the cost of living showed signs of easing are not sober but data in the past month showed americans are still spending and inflation remains well above the central bank to% target. the next day the federal reserve holds its two—day meeting, its last one year. us central bank has raised interest rates 11 times

since early 2022 as it tries to curb that inflation. rounding of the week as a slew of economic data out of china, they include industrial production numbers, house prices and unemployment data, all for the month of november. china has been facing an economic slump, even our fully opening its covid—19 borders earlier this year, including high youth unemployment, and low domestic consumption. analysts are keeping a close watch on what the federal reserve has to say.- watch on what the federal reserve has to say. you must remember — reserve has to say. you must remember november - - reserve has to say. you must - remember november - december remember november — december anything but seasonal local markets, starting with us inflation data a rollercoaster over the last couple of months because we did see inflation sees —— eased to 3% forjune 2023 a significant decline from

the highs of 9% earlier but since then it has gone a look at up—and—down and now we're starting to go back to the 3% level, that is what we are expecting from the data this week but the main event will be the federal reserve which is the federal reserve which is the us central bank interest rate decision because we have had this tug—of—war between the european central bank in the us federal reserve expectations who would cut interest rates first for 2020. any we have had a shift in financial market dynamics in the last couple of weeks. looking at the federal reserve a distinct possibility last week when they met in december that would have evaporated what we need from the federal reserve as guidance on whether they work this policy over 2024 and whether it could be some time before the summer months.— could be some time before the summer months. what are you most concerned _ summer months. what are you most concerned about - summer months. what are you most concerned about us - most concerned about us interest rates or the chinese slowdown? it interest rates or the chinese slowdown?— interest rates or the chinese slowdown? it is global central bank policy — slowdown? it is global central bank policy because _ slowdown? it is global central bank policy because we - slowdown? it is global central bank policy because we have l slowdown? it is global central i bank policy because we have had such a significant shift in the last couple of weeks, november

was the best month for global financial markets in terms of stocks and indices for years, based on the expectations that would be the federal reserve that would lead the pack to cut interest rates first because after the gdp of the third quarter 2023 came out, we had a lot of concerning pessimistic signs from some of the federal reserve spokespeople suggesting the us economy will slow down, we have not seen that in the data but a jack—in—the—box moment because the has seen eu data coming towards the slowest 2.56% which is close to the central bank target, that's why the market is shifting momentum back towards grabbing the dollar an i think maybe we might have a left—field move here and it will be the european central bank which will cut interest rates first with a global central bank narrative steer which is why we are seeing such a shift in dynamics. are seeing such a shift in

dynamica— are seeing such a shift in d namics. ., ., ., dynamics. inflation has not been such _ dynamics. inflation has not been such a _ dynamics. inflation has not been such a big _ dynamics. inflation has not been such a big problem i dynamics. inflation has not been such a big problem in dynamics. inflation has not - been such a big problem in asia but interest rates are still biting, what you expect from the small economies in asia, going into 2024? we the small economies in asia, going into 2024?— the small economies in asia, going into 2024? we are hoping to see some _ going into 2024? we are hoping to see some improved - going into 2024? we are hoping| to see some improved economic momentum, significantly because we have seen some of the pullback in us dollars strength, we have to remember we have global inflationary pressures because of the cost of living increase in exports and imports but that has not been halved by relentlessly strong greenback, throughout 2023 which has bucked expectations, should we see some signs of inflation easing globally, specifically with the central banks that will carry through into emerging economies and we do need to see more improved economic momentum from china because we can't forget for the asian region specifically china is so important, everybody relies on chinese economic demand globally but in asia that matters more is well. in other

news foreigners _ matters more is well. in other news foreigners will _ matters more is well. in other news foreigners will have - matters more is well. in other news foreigners will have to i news foreigners will have to pay triple the fees when purchasing existing homes in australia as part of measures to increase the supply of affordable housing. australian treasurerjim chalmers says the move will generate around $300 million in revenue, which can be reinvested into the country. india has banned the exports of onions until the end of march next year in a bid to curb surging prices. india is the world's largest exporter of onions which are a staple in many local dishes. hundreds of onion farmers blocked a key highway in the country in protest against the band. smile direct club has shut down its global operation after filing for bankruptcy in the us. best known for selling clear aligners remotely, the firm on its website said it had made the incredibly difficult decision to wind down operations late on friday.

customers have been told to consult their local dentist with any questions around further treatment. that is all the time we have for here on business report, plenty more on our website, business report, plenty more on ourwebsite, bbc business report, plenty more on our website, bbc .com/ news. tuesday see news. bringing you different stories from across the uk. i bringing you different stories from across the uk.- from across the uk. i hate to sa it from across the uk. i hate to say it but _ from across the uk. i hate to say it but if— from across the uk. i hate to say it but if i _ from across the uk. i hate to say it but if i had _ from across the uk. i hate to say it but if i had lost - from across the uk. i hate to say it but if i had lost my - say it but if i had lost my life — say it but if i had lost my life i_ say it but if i had lost my life i feel like more would have _ life i feel like more would have been done.- life i feel like more would have been done. alex pritchard was in a coma _ have been done. alex pritchard was in a coma for— have been done. alex pritchard was in a coma for five - have been done. alex pritchard was in a coma for five days - was in a coma for five days after colliding with a concrete. he had to learn to walk again but his battle now is with the sport authorities over the safety of players. map? over the safety of players. now i have recovered _ over the safety of players. now i have recovered and _ over the safety of players. time" i have recovered and got back on the pitch i feel like it has been swept under the carpet.

all grounds have to comply with safety regulations regarding the distance between the edge of the pitch and the stands but alex believes that is not enough copy. i alex believes that is not enough copy-— alex believes that is not enan-hco. ~ �*, enough copy. i think it's quite hard to disagree _ enough copy. i think it's quite hard to disagree with - enough copy. i think it's quite l hard to disagree with someone saying would you put a brick wall at the end of a hundred metre track, we can all agree thatis metre track, we can all agree that is not a wise idea and that is not a wise idea and thatis that is not a wise idea and that is effectively what is happening. that is effectively what is happening-— that is effectively what is ha henin _ , ., ., “ happening. he is now working with the players _ happening. he is now working with the players union - happening. he is now working with the players union to - happening. he is now working with the players union to talk| with the players union to talk to foot dollars around the country about their brain health. he is back playing again scored on his debut for western but says he could not have made it with the support of everyone at bath city and the wider football world. thankfully as you see 13 months down the line i much more like the person i knew or, which is really good. the person i knew or, which is really good-— really good. for more stories from across _ really good. for more stories from across the _ really good. for more stories from across the uk _ really good. for more stories from across the uk head - really good. for more stories from across the uk head to l really good. for more stories l from across the uk head to the bbc news website.

winter often means higher rates of illness in care homes bit here at burnham on sea many residents say their recent health has improved. 10096 better than _ health has improved. 10096 better than i _ health has improved. 10096 better than i was _ health has improved. 10096 better than i was last - health has improved. 10096 better than i was last year. | health has improved. 10096| better than i was last year. i can honestly say that and i

have had no antibiotics this year at all. have had no antibiotics this year at all-— have had no antibiotics this ear at all. ., , , year at all. through good sleep we have now — year at all. through good sleep we have now got _ year at all. through good sleep we have now got back- year at all. through good sleep we have now got back and - year at all. through good sleepj we have now got back and have year at all. through good sleep l we have now got back and have a good _ we have now got back and have a good chest — we have now got back and have a good chest which is great. but that came up through our brave a's _ that came up through our brave ais. ~ .., that came up through our brave ais. ~ .. ., ., ais. we can drill down to eight --eole ais. we can drill down to eight people who — ais. we can drill down to eight people who would _ ais. we can drill down to eight people who would be - ais. we can drill down to eight people who would be of - ais. we can drill down to eight. people who would be of interest to the _ people who would be of interest to the learn _ people who would be of interest to the team-— to the team. brave ai looks at eo - le's to the team. brave ai looks at people's medical _ to the team. brave ai looks at people's medical history - to the team. brave ai looks at people's medical history and l people's medical history and assesses how likely it is they will end up in hospital. the medical personnel say it is essential that all decisions are made by people, not software. are made by people, not software-— are made by people, not software. ., ., ,, ., . , software. for reassurance it is not machine — software. for reassurance it is not machine learning - software. for reassurance it is not machine learning in - not machine learning in isolation, it is very much about having humans looking at the record and thinking what is right for that person and how can we help?— right for that person and how can we help? healthcare teams usinr can we help? healthcare teams using brave _ can we help? healthcare teams using brave ai _ can we help? healthcare teams using brave ai visited _ can we help? healthcare teams using brave ai visited this - using brave ai visited this care home and fewer residents ended up in hospital. for more stories from _ ended up in hospital. for more stories from across _ ended up in hospital. for more stories from across the - ended up in hospital. for more stories from across the uk - ended up in hospital. for more| stories from across the uk head to the _ stories from across the uk head to the bbc news website.

hello and welcome to sportsday. i'm karthi gnanasegaram, here's what's coming up on the show. back on track — manchester city's winless run comes to an end, as they come from behind to beat luton town. the wsl title race hots up as arsenal have an emphatic win over hayes's champions chelsea. and lessons to learn as england lose the game, but still win the t20 series, against india. hello and welcome to the programme. we start with the premier league where manchester city brought their run of four games without a win to an end

after coming from behind to win 2—1 at luton. city were without the league's top striker, erling haaland — who was missing with a foot injury. and the home side took advantage at the end of the first half. elijah adebayo heading home, to put luton on course for what could have been one of the big upsets of the season. but not to be in the end, as city came out and delivered in the second half. bernardo silva and jack grealish with the goals for the victory, which ends pep guardiola's streak of four league matches without a win. they're still fourth, two points behind aston villa. luton stay in the bottom three. it isa it is a challenge and people say city is overrated, ok. this is the challenge that we have ahead of us. prove that they are wrong and still being there in the way that they run and fight and, you know, they come here and behave like we behave and am very, very proud. i

thought we