embattled developer evergrande and the fallout from the decision by a hong kong court to order its liquidation. the ruling followed another failed attempt by the chinese company to reach a restructuring deal with its creditors. it is unclear whether the court order will be recognised by beijing. it's recorded in this province but shows i was on the hong kong stock exchange. hong kong—based analyst gave me this assessment of the building crisis. �* ., ., . crisis. after the announcement ofthe crisis. after the announcement of the order. — crisis. after the announcement of the order, the _ crisis. after the announcement of the order, the court - crisis. after the announcement of the order, the court has - of the order, the court has appointed the liquidator to arrange and execute it as this proposal. the next liquidator will tries best to squeeze the maximum value out of the evergrande offshore asset and will become the key to determine the recovery of the bonds and debts.— bonds and debts. what is happening _ bonds and debts. what is happening to _ bonds and debts. what is happening to property . bonds and debts. what is - happening to property buyers who have put down deposits on potential flats? who have put down deposits on potentialflats? will who have put down deposits on potential flats? will they be able to get their money back? i

think that for the major back order, the secured lender, the bond order should be the one of the optional creditors but to be honest it's suspected the bond order could only recover 2% to 3% under liquidation scenario and currently the bonds issued by evergrande are also trading at around up to 2 cents to the dollar, we believe that the most viable assets by evergrande are offshore assets which include the shares of the properties of electric vehicles divisions. meanwhile we think that it divisions. meanwhile we think thatitis divisions. meanwhile we think that it is virtually impossible to recover anything on the onshore assets.— to recover anything on the onshore assets. what are the broader implications - onshore assets. what are the broader implications for - onshore assets. what are the broader implications for the l broader implications for the industry from liquidation? actually, evergrande is the first one, the first developer, the first large developer that

is ordered by a court to liquidate. if you look at the previous example, we also saw that the government between hong kong and memo in china has mutual recognition. in theory the liquidators from hong kong should be able to apply for recognition of the hong kong order. the concern is if the liquidation order is recognised by a court in mainland china, can liquidator really penetrate into the onshore market and take over the assets? we think it may not be an easy task because of the size and impact of this time compared to the other developers. d0 of this time compared to the other developers.— of this time compared to the other developers. do you see other developers. do you see other developers _ other developers. do you see other developers pulling - other developers. do you see i other developers pulling power of a similar situation that evergrande are in?- of a similar situation that evergrande are in? quite a lot, we saw lots — evergrande are in? quite a lot, we saw lots of _ evergrande are in? quite a lot, we saw lots of different - we saw lots of different developers falling out but evergrande's situation is

different because the chinese government is focused on evergrande and even saying that it is watching it more closely than other developers. chinese operators are taking the most of the top management of evergrande group. we are worried about a terrible relationship between them and the government.— the government. western attention _ the government. western attention to _ the government. western attention to legal - the government. western| attention to legal tensions the government. western - attention to legal tensions and how they dropping up on cells. us weapon export in $81 billion last year, 56% increase from 2022. according to the us state department. he is the bbc�*s north america business correspondent.- north america business correspondent. for american defence companies, - correspondent. for american defence companies, 2023 . correspondent. for american | defence companies, 2023 was correspondent. for american i defence companies, 2023 was a record year for sales with exports up more than 50%. it was worth about $30 billion for attack and trust what helicopters and rocket systems to poland and germany. according to state department

figures. it comes as the war in ukraine rages on with fears about moscow's potential to target other countries lifting cells. the biden ministration is also trying to seize the moment in europe and asia to get buyers to move away from russian arms imports and spend more on american defence manufacturing. the us is also 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. ukraine's president has published his income for the first time, according to the presidential website, the family income fell by more than 65% in 2022. the arosa launched its full—scale invasion of ukraine. was due to the temporary termination of lease agreements. president has been agreements. president has been a gym public officials to disclose their income as part of efforts to promote transparency. corruption could be a sticking point in the countries bid tojoin be a sticking point in the countries bid to join the european union. and beyond ukraine there is also turmoil

in the red sea. continued and escalating attacks on shipping vessels along the strategic waterways have led to many delivery disruptions. the vital shortcut for maritime traffic has been proposed by longer voyages around the cape of good hope which has led to rising costs. i spoke to a shipping consultant who told me that the spike in costs is not passed on to consumers. it spike in costs is not passed on to consumers.— to consumers. it is unlikely to have a major— to consumers. it is unlikely to have a major impact. - to consumers. it is unlikely to have a major impact. you - to consumers. it is unlikely to have a major impact. you see| have a major impact. you see headline grabbing numbers of freight rates going up but in reality if you added up it amounts to less and 0.3% of the values of goods put into europe. it values of goods put into europe-_ europe. it seems counterintuitive l europe. it seems l counterintuitive to europe. it seems - counterintuitive to take a longer route and the costs are not being passed on, help us understand that? the not being passed on, help us understand that?— not being passed on, help us understand that? the cost are bein: understand that? the cost are being passed _ understand that? the cost are being passed on _ understand that? the cost are being passed on to _ understand that? the cost are being passed on to the - understand that? the cost are being passed on to the effectl being passed on to the effect is so neglected or that you won't really notice it. authors example buys quite well is how small a portion the freight cost is of the total cost of producing and selling the

goods. producing and selling the noods. , , ._ producing and selling the noods. , , ., , goods. this thursday the worlds most pepulist — goods. this thursday the worlds most populist nation _ goods. this thursday the worlds most populist nation will - most populist nation will outline its spending plan for the year. with india sent to buttaba new government in a few months, the prime ministers government will only present an interim budget. lots of focus will be on steps announced to help the manufacturing sector that makes up 17% of india's economy. my colleague sent this report. india has big commissions. becoming the next many factory powerhouse. an indian company set up this cleaning factory less than a year ago in the north—western 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 18% of all raw materials in the sector. definitely down the line from today with this potential support stops, i believe it

will be self—sufficient and able to grow at its own. reduction went... the $25 billion incentive was announced in 2021. it is a five year plan, and are powering jobs and encouraging local companies to establish production lines at home. 0vera establish production lines at home. over a dozen sectors were identified and the government saysin 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 of 13% last year. here in the cityjust over 60 kilometres away from the manufacturing unit, young india fresh out of college is doing everything they can to secure a job. the desperation to find work is visible, thousands of graduates thrown in coaching centres, hoping to find the best advice to land jobs. in this classroom, many of them come from rural india. spending

their parents life savings on expense of the toils. in the hope that they stand a better chance than the person next to them. translation: . ., , ., them. translation: _, , ., , translation: the competition is increased so _ translation: the competition is increased so much, _ translation: the competition is increased so much, there - translation: the competition is increased so much, there aren't i increased so much, there aren't enough jobs increased so much, there aren't enoughjobs for all of us. enough jobs for all of us. translation:— enough jobs for all of us. translation: ., , ., �* ., translation: people don't have any options. _ translation: people don't have any options. if — translation: people don't have any options, if there _ translation: people don't have any options, if there are - translation: people don't have any options, if there are many . any options, if there are many options it will not have been a problem. options it will not have been a roblem. . , , ., problem. incentives cannily do so much. _ problem. incentives cannily do so much. say _ problem. incentives cannily do so much, say experts. - problem. incentives cannily do so much, say experts. only i problem. incentives cannily do | so much, say experts. only 2% of the $25 billion promised has been doled out so far. and that too should have been spent differently, they say. evs too should have been spent differently, they say.- differently, they say. 696 of the workforce _ differently, they say. 696 of the workforce working - differently, they say. 696 of the workforce working in i differently, they say. 696 of| the workforce working in the sector and what we need to do is reduce the organising to rather than the organised sector. and what the scheme is doing is targeted to the organised sector.- doing is targeted to the organised sector. india has been identified _ organised sector. india has been identified as - organised sector. india has been identified as a - organised sector. india has been identified as a bright| 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 may be driven more by politics than economics. before we go a bit of a blurring of the lines between man and machine. elon musk�*s as a human has received a brain implant from his start—up for the first time and is recovering well. the multibillionaire set on social media that the results are promising, they were allowed to conduct their first trial last year and the goal is to connect human brains to computers, the implant will allow a person to control a cursor or type using thoughts alone. and before we go let's take a look at markets on wall street and see how they did in mondays trading session. just running flat, the stocks valley with the dow and snp 500 ending at record highs to kick up a heavy newsweek that includes tech earnings and a federal reserve interest rate decision.

they will be brought out the other week. they will be brought out the otherweek. investors they will be brought out the other week. investors expect in the federal keep interest rates unchanged but they are so people guidance on future rate cuts. look at asia's benchmarks and the negate as you can see is so appalling from wall street as well. be back in the next hour, goodbye for now. bringing you different stories from across the uk. reunited once again- — theodore and his dad meeting. in the summer theodore school friends did a fundraiser to peppehs friends did a fundraiser to pepper's trips back to ukraine. it means all the world to us. it means all the world to us. it is so amazing when people of that age are thinking to the

future and what is happening in the world. i future and what is happening in the world. ., , future and what is happening in the world-— the world. i was the best bit about it? — the world. i was the best bit about it? seeing _ the world. i was the best bit about it? seeing a - the world. i was the best bit about it? seeing a lot - the world. i was the best bit about it? seeing a lot of- the world. i was the best bit about it? seeing a lot of myj about it? seeing a lot of my family and _ about it? seeing a lot of my family and i— about it? seeing a lot of my family and i was _ about it? seeing a lot of my family and i was with - about it? seeing a lot of my family and i was with my - about it? seeing a lot of my| family and i was with my dad all the — family and i was with my dad all the time.— family and i was with my dad all the time. there was a boy's room all the _ all the time. there was a boy's room all the time, _ all the time. there was a boy's room all the time, because - all the time. there was a boy's. room all the time, because they both snore. ida room all the time, because they both snore-— room all the time, because they both snore._ yes - both snore. no i don't! yes they do! — both snore. no i don't! yes they do! theodore - both snore. no i don't! yes they do! theodore and - both snore. no i don't! yes they do! theodore and hisl they do! theodore and his friend we _ they do! theodore and his friend we started - they do! theodore and his friend we started a - they do! theodore and his friend we started a new. friend we started a new fundraiser, cycling the distance between manchester and the middle east to raise funds for children affected by the situation in gaza. it for children affected by the situation in gaza.— situation in gaza. it felt as if it is unfair, _ situation in gaza. it felt as if it is unfair, so _ situation in gaza. it felt as if it is unfair, so we - situation in gaza. it felt as if it is unfair, so we need i situation in gaza. it felt as. if it is unfair, so we need to do another thing for all the people as well.— do another thing for all the people as well. they currently travelled more _ people as well. they currently travelled more than _ people as well. they currently travelled more than 500 - people as well. they currently l travelled more than 500 miles. we started there and we have to get all the way over to palestine.— get all the way over to palestine. ., ., , ., , palestine. for more stories from across _ palestine. for more stories from across the _ palestine. for more stories from across the uk, - palestine. for more stories from across the uk, head l palestine. for more stories| from across the uk, head to palestine. for more stories - from across the uk, head to the bbc news website.

follow. tonight, a ban on disposal beds, tensions go in the middle east and a monkey on the middle east and a monkey on the loose in scotland. first up, the government has announced plans to ban disposable babes, sam backo it will stop people from vaping at a young age. new figures show more than 7% of 11 to 17 —year—olds regularly or occasionally bed, some even ask other shoppers to buy them for them. {30 other shoppers to buy them for them. ,., ., them. go in there for me, get this for me. — them. go in there for me, get this for me, he _ them. go in there for me, get this for me, he has _ them. go in there for me, get this for me, he has the - them. go in there for me, get. this for me, he has the money, can you get this? if i do it i get banned and i don't want to get banned and i don't want to get bad and i would never do that because they are under reg. that because they are under re. ., that because they are under re. _ ., , ., ., that because they are under re. ., , ., ., ., reg. no visual that on when the disposable _ reg. no visual that on when the disposable babes _ reg. no visual that on when the disposable babes will _ reg. no visual that on when the disposable babes will be - reg. no visual that on when the j disposable babes will be banned but the governments as fruity flavours and by packaging will also be restricted to make them less appealing to kids. 0nce less appealing to kids. once the details have been figured out, shops will have six months to take them off the shelves. next up, tensions are growing in the middle east after three american troops were killed in jordan in a drone strike on an

american base known as tower 22, shown here on this map. a military group at black three has claimed responsibly and joe biden says there will be consequences. groups have one strikes on american target around 150 times since october seven one the us started increasing its military presence in the middle east in response to the attack on israel by us. ——by hamas. 26,000 is a people have been killed. and here is ten seconds of an escaped monkey, the animal managed to get out of its enclosure at a wildlife park in northern scotland, later even seen hanging out in people's back gardens near buy. the keepers as it was trying to avoid a fight with another monkey. that is it from me, you are all caught up.

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 valieva 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, untila frank kessie penalty levelled matters with less than five 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 quarterfinals by the finest of margins.

cape verde are into the quarter finals