chinese foreign minister wang yi has met with his australian counterpart penny wong, during his first official visit to the country in seven years. he says china—australia relations are, "on the right track and that we must not hesitate, deviate or turnback". relations have been tense between the two nations, after a series of trade tiffs over agricultural products and wine. but last week, beijing proposed lifting all tariffs on australian wine, which could end a three—year long dispute. australia's foreign minister says the move will benefit both countries. i welcome the progress of the removal of trade impediments on barley, wine and other exports and we reiterated our desire on the removal of remaining appended to. we discuss recent volatility in nickel core markets and made the point of predictability is in all our interests. steven ciobo, australia's

former trade and tourism minister, expects to see a stabilisation in the country's relationship with china. without any doubt, there has been a long period now of strained bilateral relationship so this visit signals a stabilisation of the relationship. you will note that both sides refer to stabilisation rather than normalisation, so in many respects that contains the genesis of that.— respects that contains the genesis of that. ., , ., ,.,, genesis of that. china proposed the end of— genesis of that. china proposed the end of tariffs, _ genesis of that. china proposed the end of tariffs, ending - genesis of that. china proposed the end of tariffs, ending a - the end of tariffs, ending a three—year dispute. it is a side of things to come? there is a lot of room for progress? we have come a long way from when the former government put in place the pre— trading grade — free trade agreement and that took place over a number of years and consistent with the fact that bilateral

relationship was under pressure and many of those pressure still exist today. must�*ve china's assertive posture in the south china sea continues and since then, australia has created an accord in aukus, putting pressure on the relationship so the fact that both sides are doing what they can destabilise the relationship is positive. china remains for australia as it does for many countries, the second magus trading partner and that is always —— the second largest trading partner which is also a factor.- which is also a factor. what can we expect _ which is also a factor. what can we expect to _ which is also a factor. what can we expect to come - which is also a factor. what| can we expect to come from those meetings?— those meetings? china is feelinu those meetings? china is feeling the _ those meetings? china is feeling the pinch - those meetings? china is feeling the pinch in - those meetings? china is| feeling the pinch in terms those meetings? china is. feeling the pinch in terms of direct investment in china and a key part of this will say that saying that businesses should be trying to invest in china and having capital flowing into the country is an

important part of the chinese government's mission to ensure they become prosperous before they become prosperous before they become prosperous before they become old and that remains no doubt the key message. moving on to the us, where its top aviation regulator has some sharp words for boeing on the heels of a recent visit to the plane maker's facilities. our north america business correspondent erin delmore has more from new york. federal aviation administration chief michael whitaker says that boeing needs to focus more on production and safety and quality and he said that their priorities have not been there. he was visiting their facilities recently at boeing and spoke about impressions and findings. specifically, he called out issues around the safety culture at boeing. his comments come as boeing remained under the microscope forfederal remained under the microscope for federal aviation officials, lawmakers, business leaders and travellers. that is on the heels of a january incident

involving a door blowing off on airlines jet involving a door blowing off on airlinesjet in involving a door blowing off on airlines jet in alaska airlinesjet in alaska midflight spurring an emergency landing. a report by the safety board found the bolts intended to hold the door in place were not where they needed to be when the plane left the facility. since then, boeing safety practices have remained in the spotlight. boeing said in a statement to the bbc that it is taking "significant action to strengthen safety and quality". the company says it is focused on demonstrating change and building trust one airplane at a time. staying in the us, where its central bank has started a two—day policy meeting, and a decision on interest rates is expected later today. but how are borrowing costs affecting businesses in the world's largest economy? the bbc�*s michelle fleury sent this report. cutting back. americans seem to be spending less on the things that used to have to have, like a visit to the hairdresser. it is putting a strain on this

small business owner, who runs this salon in harlem. last quarter— this salon in harlem. last quarter it _ this salon in harlem. last quarter it was _ this salon in harlem. last quarter it was very - this salon in harlem. last quarter it was very very . quarter it was very very dismal. it was the worst i have seenin dismal. it was the worst i have seen in a long, long time. does when she _ seen in a long, long time. does when she thought _ seen in a long, long time. does when she thought she - seen in a long, long time. does when she thought she would i when she thought she would close her doors for good, business picked up. she has just hired two new stylist. i5 just hired two new stylist. i3 started picking up the week after the new year. i do believe the talk of interest rates going down and inflation going down, and thenjust everyone wanting to get back out there. everyone wanting to get back out there-— out there. after the federal reserve's — out there. after the federal reserve's aggressive - out there. after the federal. reserve's aggressive campaign to tame inflation many are eagerly awaiting their first cut to keep the economy humming. including on the campaign trail. the fed is planning multiple interest rate cuts this year and they could boost the numbers in the run—up to the election. but with the

cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and they want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is coming _ not last. us economy is strong, inflation is coming back- not last. us economy is strong, inflation is coming back down i inflation is coming back down towards 2% but the longer they keep their foot pressed on the break, the more likely something will go wrong. for small businesses preparing for what they hope will be another surge in demand, the first cut cannot come soon enough. unilever says it will spin off its ice cream business and cut 7,500 jobs worldwide as part of an extensive three—year cost—saving plan. the maker of ben &jerry�*s, wall's and magnum brands says the move will save $870 million over the next three years. when it comes to video streaming, india is one of the fastest growing

markets in the world. amazon's investment in making local content for its prime video platform is paying off, according to a company executive. my colleague nikhil inamdar sent this report from mumbai. after commissioning a record number of shows and films in 2023, amazon prime video is doubling down on plans in india. at this event in the financial capital of mumbai, the big global bosses of amazon have announced new shows across genres and languages. india is quickly becoming one of amazon's biggest markets. we are amazon's biggest markets. - are looking at the next 250 million subscribers we will acquire will come outside of the us and we won't be able to achieve that unless we do a good job for customers in india. more people are signing up india. more people are signing up for prime amazonian india and prime video is the number one reason they sign up in india. in any given week, in

2023, indian content was watched in over 210 territories on prime video. the watched in over 210 territories on prime video.— watched in over 210 territories on prime video. the market is a busy market _ on prime video. the market is a busy market with _ on prime video. the market is a busy market with netflix, - busy market with netflix, disney plus and prime video jostling but netflix is leading, and prime video is next, and amazon will have to up next, and amazon will have to up the game. revenues are currently at about $1.8 billion but they are expected to double in the coming years and that provides the likes of amazon prime video a long runway for growth. today is the united nations�* international day of happiness. since 2013, the un has dedicated the 20th march to spreading awareness about the importance of happiness and mental well—being, including in the workplace.

0ne country is doing particularly well, says nick powdthavee an economics professor at the nanyang technological university of singapore. singapore ranked top and has always been top in terms of happiness report ranking. this is based on how satisfied we are with our life. we are happy with ourjob overall as well. we know that things like if you have high incomes, security, high status, good health, those are the big determinants of this happiness butjob this happiness but job satisfaction this happiness butjob satisfaction is something altogether. if you talk about job satisfaction and happiness, we know that happier workers are more productive so in that regard, what should employers be doing to encourage that environment.— be doing to encourage that environment. when we think about job — environment. when we think about job satisfaction - environment. when we think about job satisfaction we - environment. when we thinkl about job satisfaction we tend aboutjob satisfaction we tend to think about money. the higher the salary you have, the

more satisfaction and satisfied you should be. that is not really the case. we actually tend to underestimate the importance of having a competent boss, for example, someone who acknowledges our work and that is actually one of the big determinants ofjob satisfaction. and that's it for this edition of asia business report. thanks for watching.

a big day for wales. a big day for sport fans and james bond rumours are flying. starting in essex with a first person in england and wales is going to

jailfor england and wales is going to jail for cyber flashing. nicholas hawkes pleaded guilty to sending pictures of his genitals to a 15—year—old girl and a woman. he has been sentenced to more than a year in prison for causing alarm distress or humiliation. it is a new part of the online safety act passed injanuary a new part of the online safety act passed in january this year. other stories. act passed in january this year. 0therstories. in year. other stories. in cardiff, year. 0therstories. in cardiff, mark drakeford has racked up his final day as the first minister, having the job for five years and given a standing ovation. the new leader is born gay thing, the first black leader of any country in europe. a new law is being set up to give more power to football fans. if it passes, there will be an independent regulator separate to politicians and football authorities. they would keep an eye on the top five divisions on men's football in england. who will play the next james bond? the sun reported that avengers star aaron taylor has

been offered the role but the bbc asked him as well as the company who makes the films, but we have not heard back. and we leave you with ten seconds of spring celebrations. 0ver of spring celebrations. over 300,000 people are dancing, shopping, feasting and enjoying family reunions as an ancient persian custom, so happy spring to everyone his celebrating! that is the catch up. have a good night. hello and welcome to sportsday. i'm gavin ramjaun. coming up on the programme: english football's new era — as the creation of the first independent regulator for the men's game is introduced by the uk government. chelsea are in complete control in the netherlands — as they blow away ajax — their sights set on a womens champions league semi—final

spot. and neutral athletes from russia or belarus won't be a part of the the paris 2024 opening ceremony. we'll tell you why shortly. hello and welcome to the programme. it could be the start of an historic new era in english men's football. the creation of the first independent regulator moved a step closer, after the government introduced new proposals. if passed into law, a new body would oversee clubs across england's top five tiers, independent of government and the footballing authorities. here's our sports editor, dan roan. whether it is controversy over teams docked points for overspending, clubs getting into financial difficulty, or the threat of a european super league, english football has faced various crises in recent years.

and today the government published legislation that