the rose by 0.1% in november. the price of petrol fell which helped to offer an increase in rent and this is coming upjust a day for america's central bank decides on the cost of borrowing. will the federal reserve hold interest rates steady until the end of 2023? november �*s consumer price index camejust in november �*s consumer price index came just in the november �*s consumer price index camejust in the nick november �*s consumer price index came just in the nick of time for the federal reserve. fed members began their two—day meeting on tuesday and wrap up on wednesday. they will be deciding whether to hold interest rates steady yet again as they have for the past few months or whether to raise them. like we saw over and over again between march 2022 and this summer. a consumer price index readout like tuesday's is yet another piece of evidence that inflation has cooled substantially from its summer 2022 peak. easing gas prices helped bring november's headline inflation reading down but core inflation is the value the federal reserve looks at when it is making policy decisions. it excludes volatile food and energy prices.

that number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. higher interest rates make it more expensive to borrow money and that is supposed to tempt down spending which in turn should tame runway prices. president biden praised the data as good news and called on large corporations to pass the savings on to consumers. now it is up to the fed to decide whether they have done enough work to help prices return to normal. that would mean holding interest rates steady and that is what they are expected to do on wednesday. what investors really want to know is when the fed thinks it will be time to cut rates. they will almost certainly have to wait and hope for next year. of course inflation has been a big topic for many economies around the world this year. it is a different picture in china where we just found out last week the economy is slipping further into deflation, that's falling prices.

with a deepening property crisis too, credit ratings agencies have recently lowered its outlook for china this month. in august a rival agency also cut the us government credit rating after lawmakers there flirted with default as they wrestled over raising the nation's debt limit. frederick newman is hsbc�*s chief asia economist. he told us what we can expect from the world is two biggest economies in 202a. the data is a reminder that inflation is still with us. not disappearing overnight. the numbers are steadily declining but not at the speed many investors had hoped. the fed may hold for the time being, watch the data come in and maybe start to cut next year but it is not a done deal at this point. given we actually still have inflation. that means interest rates will remain elevated, it is hurting consumers in the us and probably will mean we get a gradual slowdown in the us economy over 202k. it is a bit of

a different picture. in china where we have falling prices but also a property crisis. as we mentioned, the recent outlook downgrade made news headlines. president xijiping sounds very confident about china's economy. what is your outlook for china's economy? you're right, it is the opposite problem and in many ways because prices are falling at the moment. suggesting the economy is very weak, consumer spending is not strong enough to push up prices. that suggests the government will have to do more to stabilise growth and look at the interest rate cuts but not just that, more fiscal support. key will be in 2024 whether the chinese government can succeed in stabilising the housing market. it is a huge sector of the economy that continues to deflate and that is a drag on consumer spending and investment. really need to fix the property sector before we see

stabilisation come in in the chinese economy. the un climate talks in dubai have continued overnight as delegates from almost 200 countries try to reach that final agreement. it helps on the currency site. us federal reserve produces interest rates and should weaken the dollar against asian currencies and we see a bit of that happening. as the fed moves to read cuts next year, it should take the wind out of their sales and health stabilisation currencies which in turn means asian central banks can cut interest rates as well, helping domestic growth from korea to southeast asia and india and expect interest rates in asia to fall as well helping consumers and helping businesses and ultimately that means we will see stronger

growth. the un climate talks in dubai have continued overnight as delegates from almost 200 countries try to reach that final agreement. there has been a furious debate about the wording, whether to include phasing out of fossil fuels. jessica cheam is the founder of eco—business a company dedicated to sustainable development and she told me she is not surprised negotiations are dragging on. i think the agreements would send the right signal. we have seen in 2015 when the landmark paris agreement climate change treaty was signed, that was also involu nta ry. the truth is really meet everyone at the table for negotiation like this to be successful. what has happened is the energy intensive economies and energy heads are all speaking to the activists and entire spectrum trying to hash out a language that is acceptable.

i think this summit that has been the largest gathering ever in cop history has got everybody talking about what it would take for us to address the climate crisis. even if we don't see the language around phase out of fossil fuels which was originally suggested, we are now seeing language around transitioning away from fossil fuels which i think is a good compromise. it is an extremely difficult position to reach because we are developing economies, energy intensive economies that are worried about livelihoods and jobs. i think getting everyone on the table is the first step to success. i think this cop has been successful in that regard and perhaps we can see successful tax coming out of the negotiations today. let now update you with all the business is making headlines this morning. the world bank says it is getting another $20 million to help people in gaza. it will go towards food, medical care and other supplies. the organisation has delivered $15 million in support to gaza since the conflict

between israel and hamas started two months ago. it says economic activity in gaza has come to a near complete standstill with the war. its method to assess the objective is to avoid catastrophe and get the economy back on track. the move comes days after the government of javier milei took office. when you launch a start—up with an idea for a new product, you would think you would want it to fly off the shelves. maybe it is not so simple. when companies are just starting out, they cannot always keep up with demand for their product. it can actually kill a business. we have been speaking with one female entrepreneur who experienced just that. when a business starts,

you are never sure what demand is going to be like and for us, a viral facebook post nearly blew up our business. we started the brand, launched it nationwide in 2014 and everything changed in 2017 when a viral facebook post completely changed the game for us. this post in the first month was shared 35,000 times and with that came intense demand of our products.

we quickly sold out of everything we had in the warehouse and had to dial up our relationships with the whole of our supply chain. we had consciously got to know our supply chain, our manufacturers, bottle suppliers, even our label suppliers. so when this did happen we could pick up the phone and say help and they responded. not only were they thrilled for our success but they showed absolute willing and put lines of supply on day and night and were working seven days a week for us. to our consumer it meant they could get the product quickly and efficiently and our retailers could refill their shelves quicker than they had expected. having strong relationships saved our business and allowed it to flourish but it could have easily gone the other way if we had not made the effort to really get to know our suppliers.

that is it for this edition of asia business report. a lot more on our website. we will be back next hour so join me if you can. but now, thank you so much for watching the programme. voiceover: bringing you different storiesl from across the uk. i hate to say it, but i do think that if i had lost my life, ifeel like more would have been done. alex fletcher was in a coma for five days after colliding with a concrete wall. he had to learn how to walk again. but his battle now is with the sport's authorities over the safety of players. now that i've 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. alex believes that is not enough. i think it is quite hard to disagree with somebody saying, would you put a brick wall at the end of a 100—metre track? i think we can all agree that that isn't a wise idea, but that it effectively what is happening. it is now working with the players union, the pfa, to talk to footballers around the country about their brain health. alex is back playing again. he scored on his debut for western, but he says he couldn't have made it without the support of everyone at bath city and the wider football world. thankfully, as you said, 13 months down the line, i am much more like the person that i knew before, which is really good. for more stories from across the uk, head to the bbc news website. hey, i am zoff with the catch up. tonight, zara face more backlash. an assault on a referee.

and a surprise performance from alicia keys. hello, iam hello, i am mark edwards. welcome to sports day. here is what is coming up on our show. united crashed out of europe, beaten by byron but kevin �*s

champions league fairytale continues. but, in canceramong the goals as they beat auckland city in the club world cup. and a referee punched in the club owner arrested as football is suspended in turkey. we will bring you the latest on turkey �*s night of shame. hello and thanks forjoining us on sports day. manchester united are out of the champions league after losing 1—0 to buy new neck for the combined with when it means there's i don't even have the comfort of dropping into the europa league. they finished bottom of their group. a phenomenal run to the knockout stages of the

champions league. the danish champions, manchester united continental state and is at the earliest possible point. a desperately disappointing night for the hosts. manchester united never looked like scoring, let alone winning for what was a must win game. looked 1—dimensional and predictable while buying unit carried a threat and cruised through. the one show�*s long range effort was their only shot on target. kingsley coman the only goal, crafted by harry kane, clinically finished 19 minutes from the end. it is the fourth time an english team has finished bottom of the champions league group as manchester united face the embarrassment of an exit from europe altogether. just embarrassment of an exit from europe altogether.— europe altogether. just never comfortable, _ europe altogether. just never comfortable, never— europe altogether. just never comfortable, never fully - co mforta ble, never fully co mforta ble, comfortable, never fully comfortable, but i think we deserved the win. we needed a reaction, we got a reaction, played with personality and good energy and much more aggressive on a very higher level than in the last match.

it was one of our best performances in the group stage over 90 minutes and we deserved to win. we over 90 minutes and we deserved to win. ~ .., over 90 minutes and we deserved to win. ~ ,., over 90 minutes and we deserved towin.~ ,., , to win. we can focus of course on the premier— to win. we can focus of course on the premier league, - to win. we can focus of course on the premier league, and i to win. we can focus of course l on the premier league, and yes, this is_ on the premier league, and yes, this is i— on the premier league, and yes, this is i think the level we want _ this is i think the level we want to— this is i think the level we want to play, champions league, so we _ want to play, champions league, so we have — want to play, champions league, so we have to give every effort into _ so we have to give every effort into be — so we have to give every effort into be in _ so we have to give every effort in to be in the top four. so next — in to be in the top four. so next year— in to be in the top four. so next year we are back in the champions league and of course we have — champions league and of course we have the fa cup, so there are still— we have the fa cup, so there are still many things to play for~ — are still many things to play for. �* , , , ., are still many things to play for. , ., ., for. let's bring you up-to-date with the other _ for. let's bring you up-to-date with the other champions - for. let's bring you up-to-date i with the other champions league results on tuesday. we mentioned fc copenhagen joining bayern munich in the last 16 courtesy of that home win against galatasaray. in group c, napoli go through with real madrid. when noting nathalie's second goal scored with newly crowned african footballer of the year victor 0simhen, and then lens will be heading to then lens will be heading to the europa league after beating sevilla to— one, and courtesy of the draw between arsenal and psv eindhoven in the netherlands.