by the chinese company to reach a restructuring deal with its creditors. it is unclear if the hong kong court order will be recognised by beijing. evergrande is headquartered in china's guangdong province. but — the shares of the company are listed on the hong kong stock exchange. hong kong—based debt analyst jackson chan gave me his assessment of the unfolding crisis. after the announcement of the winding up order, to a liquidated range. and security assets also. the liquidator will try to squeeze the maximum value out of the ever grand and offshore as as and it will become the key to recover the value of the pond.— value of the pond. what is happening _ value of the pond. what is happening to _ value of the pond. what is happening to property - value of the pond. what is i happening to property buyers who have already put down deposits on potential flats? who have already put down deposits on potentialflats? do you think they will be able to get their money back? i

you think they will be able to get their money back? i think that apart _ get their money back? i think that apart from _ get their money back? i think that apart from the _ get their money back? i think that apart from the secure i that apart from the secure lender, this should be the one offshore creditors, but to be honest, we expect these bondholders can still on the recover approximately 2% to 3% in a liquidation scenario. currently, by also trading around one to 2 cents on the dollar. so at this point, we believe that the most valuable assets owned by ever grand are still the offshore ones, including the share of the publicly serviced division. so meanwhile, we think that it is virtually impossible to recover anything from its onshore assets. ~ ., anything from its onshore assets. ., ., anything from its onshore assets. ~ . ., , assets. what are the broader implications _ assets. what are the broader implications for _ assets. what are the broader implications for the - assets. what are the broader implications for the industry l implications for the industry from the liquidation? actually, ever grand _ from the liquidation? actually, ever grand is _ from the liquidation? actually, ever grand is the _ from the liquidation? actually, ever grand is the first - from the liquidation? actually, ever grand is the first one, - ever grand is the first one, the first developer, but... if

we look at the previous example, we also saw that the government between hong kong and china, so, in theory, the liquidator is from hong kong should be able to apply the recognition of the hong kong debt of the hong kong order. but our concern is that if the liquidation order is recognised and recognised by the cop in china. the hong kong liquidator can really penetrate into the onshore market and onshore assets, so we think it will not be an easy task because of the impact of the group is probably too big this time compared to... ., , ., too big this time compared to... .,, ., , to... to see other developers also falling — to. .. to see other developers also falling foul— to. .. to see other developers also falling foul of— to... to see other developers also falling foul of the - also falling foul of the similar sort of situation? yes, uuite a similar sort of situation? yes, quite a lot- — similar sort of situation? yes, quite a lot. we _ similar sort of situation? yes, quite a lot. we saw _ similar sort of situation? yes, quite a lot. we saw a - similar sort of situation? yes, quite a lot. we saw a lot - quite a lot. we saw a lot of different developers pulling out. it's a little bit

different because china is very focused on ever grand, and it even says that it has an opinion on ever grand and is watching it more closely than the other developers. and the chinese authorities with most of the department management of ever grand. so we are quite worried about such a terrible relationship between the company and government. it slows everything down for them in the future. let's focus now on how growing geopolitical tensions are driving up arms sales. us weapons exports hit 81 billion dollars last year, a 56% increase from 2022 according to the us state department. with more, here 5 the bbc 5 north america business correspondent, michelle fleury. 2023 was a record year for sales for american defence companies are the experts at more than 50%. one tree of deals was worth about $30 billion for attack and transport helicopters and rocket systems to poland and germany according to state department figures. now, it

comes as the war in ukraine rages on with fears about moscow's potential to target other countries lifting sales. the biden administration is also trying to seize the moment in europe and asia to get buyers to move away from russian arms imports and to spend more on american defence manufacturing. the us is already the world's biggest weapons exporter but american policymakers hope to permanently relegate russia to second—tier status when it comes to the arms trade. the ukrainian president volodymyr zelensky has published his income for the first time. according to the presidential website, zelensky�*s family income fell by more than 65% in 2022... the year russia launched its full—scale invasion of ukraine. this was due to the "temporary termination of lease agreements". the ukrainian president has been urging public officials to disclose their income, as part of efforts to promote transparency. corruption could be a sticking point in the country's bid tojoin the european union. beyond ukraine there's also turmoil in the red sea. continued and escalating attacks on shipping vessels along that strategic waterway

have led to many delivery disruptions. the vital short cut for maritime traffic has been replaced by longer voyages around the cape of good hope, and that's also led to rising costs. earlier i spoke to larsjensen — a shipping consultant. he told me the spike in costs has not been passed on to consumers. it is unlikely to have a major impact. you see headline grabbing numbers of freight rates going up, but in reality committee at it all up, this amounts to less then 0.3% of the value of the goods that have been imported into europe. this seems quite counterintuitive to have taken a longer route that has not been cost to consumers can help us understand that. it is been cost to consumers can help us understand that.— us understand that. it is being assed us understand that. it is being passed on _ us understand that. it is being passed on but _ us understand that. it is being passed on but the _ us understand that. it is being passed on but the effect - us understand that. it is being passed on but the effect of. us understand that. it is being passed on but the effect of so| passed on but the effect of so neglectful that you won't really notice it. but this really notice it. but this really exemplifies quite well is just how small a portion of freight cost is of the total cost of producing and also selling the goods. this thursday, the world s most populous nation will outline its spending plan

for the year. but with india set to vote for a new government in a few months, prime minister narendra modi 5 government will only present an interim budget. all eyes will be on steps announced to help the manufacturing sector that makes up i7% of india 5 economy. my colleague arunoday mukharji sent this report. india has big ambitions of becoming the next manufacturing powerhouse. an indian company set up the screaming factory less than a year ago in the northwestern city after winning a government grant of nearly $70 million. here, nearly 3000 solar panels are made every day, as india looks to pivot away from reliance on china which still supplies 80% of all in the secondary.— in the secondary. definitely from down _ in the secondary. definitely from down the _ in the secondary. definitely from down the line - in the secondary. definitely from down the line from i in the secondary. definitely i from down the line from today when this potential support stops, i believe that it will be self—sufficient and we will be self—sufficient and we will be able to grow on it on its

own. , ., . own. the 25 billion incentive was announced _ own. the 25 billion incentive was announced in _ own. the 25 billion incentive was announced in 2021. it's| own. the 25 billion incentive l was announced in 2021. it's a five—year plan aimed at powering jobs and encouraging local companies to establish production lines at home. 0ver production lines at home. over a dozen sectors are identified and the government says in the last two years, the scheme has created over 600,000 jobs. but this comes at a time when unemployment among graduates has hit an all—time high at over i3% last year. here in this city, over 60 km away from that manufacturing units, young india, fresh out of college is doing everything they can to try to secure a job. that desperation to find work is visible. thousands of graduates hoping to find the best advice to land jobs. in this packed classroom, many of them come from rural india. spending their parents life savings on

expensive tutorials. in the hope that they stand a better chance than the person next to them. translation: the competition _ them. translation: the competition has _ them. translation: tue: competition has increased so much. there aren't enough jobs for all of us. much. there aren't enough “obs for all of us.i for all of us. people don't have any _ for all of us. people don't have any options. - for all of us. people don't have any options. if- for all of us. people don'tj have any options. if there for all of us. people don't i have any options. if there are many— have any options. if there are many options, it wouldn't have been _ many options, it wouldn't have been a — many options, it wouldn't have been a problem. but incentives can only do _ been a problem. but incentives can only do so _ been a problem. but incentives can only do so much, _ been a problem. but incentives can only do so much, say i can only do so much, say experts. 0nly can only do so much, say experts. only 2% of the $25 billion promised has been doled out so far. and back to the should have been spent differently, they say. 6’s should have been spent differently, they say. 696 of the workforce _ differently, they say. 696 of the workforce and - differently, they say. 696 of the workforce and 9496 i differently, they say. 696 ofj the workforce and 9496 that the workforce and 94% that makes it what we needed to do was to boost the organised sector rather than the organised sector at ashley and organised sector at ashley and organised sector at ashley and organised sector rather than the organised sector. and this is entirely targeted towards the organised sector.- is entirely targeted towards the organised sector. india has been identified _ the organised sector. india has been identified as _ the organised sector. india has been identified as a _ the organised sector. india has been identified as a bright i been identified as a bright spot among major world economies. but will the growth be felt by all indians? in an election year, the upcoming

budget mayjust be driven more by politics and economics. a human has received a brain implant for the first time and is recovering well. the multi—billionaire said in a post on social media that the initial results are promising. us regulators allowed the firm to conduct its first human trial last year. narrow link�*s goal is to connect human brains to computers. the implant will allow a person to control a cursor or type, using thoughts alone. just need to have clear thoughts, i suppose. and finally to our story about amazon. amazon is scrapping its planned takeover of vacuum company irobot following opposition from european union competition authorities. the firms said they were "disappointed" by the outcome, and flagged "undue and disproportionate regulatory hurdles". the deal was first announced in 2022 and would have been

one of amazon's largest acquisitions to date. shares of the roomba maker fell after it said it was laying off around a third of its employees and that's it for this edition of asia business report. thanks for watching. voiceover: bbc news - bringing you different i stories from across the uk. reunited once again... speaks ukrainian. ..theodore and his dad meeting in lviv. in the summer, theodore's school friends did a camping—out fundraiser to pay for his trips back to ukraine. actually, it means all the world to us. it's so amazing when children of that age are thinking of the future or thinking of what is happening in the world.

what was the best bit about it? seeing a lot of my family. and i slept with my dad all the time. it was a boys' room at that time during our stay because, yeah, they both snore. laughs no, i don't! yes, they do. no, i don't! theodore and his friend liam have started a new fundraiser — cycling the distance between manchester and the middle east to raise funds for children affected by the situation in gaza. itjust felt as if it's unfair, so we need to do another thing for all the people as well. they've currently travelled more than 500 miles. we started there, and we have to get all the way over to palestine. for more stories from across the uk, head to the bbc news website. hey, i'm dylan with the catch up.

tonight, a ban on disposable vapes, tensions grow in the middle east and a monkey on the loose in scotland. first up, the government has announced plans to ban disposable vapes, saying they hope it'll stop people from vaping at a young age. new figures show more than 7% of ii to 17—year—olds regularly or occaisionally vape — some even asking other shoppers to buy vapes for them. karl told us what kids often ask him, as he goes into his local vape shop. "go in there for me." "go and get this for me." "here's the money, can you go and get this?" and it'sjust, if i do it, i'll get banned. and i don't want to get banned, and i would never do it, because they're underage. there's no official date yet on when disposable vapes will be banned, but the government says fruity flavours and bright packaging will also be restricted to make vapes less appealing to kids. once the details have been figured out, shops will have six months to take them off their shelves. next up — tensions are growing in the middle east — after three american troops were killed injordan in a drone strike on an american

base known as tower 22, shown here on this map. a militant group backed by iran have claimed responsibility. presidentjoe biden says there'll be consequences. groups of militants backed by iran have launched strikes on american targets around 150 times since october 7th — when the us started increasing its military presence in the middle east in response to the attack on israel by the terror group hamas, which killed around 1,300 people. meanwhile, israel's offensive in gaza has killed 26,000 people. if you want to know more about what is happening and here's ten seconds of an escaped monkey! the animal managed to get out of its enclosure at a wildlife park in northern scotland — it was later seen hanging out in people's gardens nearby. its keeper says it was trying to avoid a fight with another monkey.

hello and welcome to sportsday — i'm gavin ramjaun. the holders are out of afcon — as hosts ivory coast take it all the way to penalties, to knock out senegal. there's stoppage time drama in qatar — we'll have all the latest from the asian cup... a four year ban for russian figure skater —

kamila valievia— as a court rules her doping violation should stand. and disappointment for andy murray — another early exit for the former british number one — this time in france. hello there and welcome along to the programme. and we start with drama from the africa cup of nations — where the holders, senegal have been sent packing by the hosts — ivory coast — who won after the match went all the way to penalties. senegal — who'd won all their matches so far — and looked imperious in the groups — took the lead thanks to habib diallo's early strike... it looked as though their winning streak would go on, until a frank kessie penalty levelled matters with less than 5 minutes to go. nothing to separate the teams after extra time — so penalties settled it. moussa niakhate's missed spot kick proved the difference — as ivory coast, to the delight of the home fans, reached the quarter finals by the finest of margins.