this is bbc news, the headlines. hamas has released a video appearing to show three israeli women being held hostage. israel's prime minister benjamin netanyahu has described the footage as "cruel psychological propaganda", and said his government was doing it all it could to bring hostages home. the israeli army says it's expanding its operations in the gaza strip with more infantry, artillery and armoured vehicles entering the territory. israel says it hit 600 military targets in 2a hours and killed dozens of hamas fighters. the un agency for palestinian refugees says "hundreds" of patients are stuck in hospitals in northern gaza. doctors say israel told staff to evacuate al-quds hospital in gaza city on sunday,

but that moving patients — many of whom are in intensive care — is impossible. more from the middle east in a moment. more from the middle east in a moment. time for a look at the business news now with ben thompson. good afternoon, ben. thank you very much. let me bring you up to date. let me bring you up to date. we start in china, where the world's most indebted property developer — evergrande — has been granted more breathing space by a court in hong kong, before a decision is made over its possible liquidation. the firm, which owes over $300 billion, has until a hearing scheduled for 4th december to come up with a new restructuring proposal, as nick marsh reports. evergrande has got five weeks to achieve what they have failed to do for the past two years, which is come up with a repayment plan that its creditors will agree to. now, if they don't manage to do this, then liquidation is a possibility, but don't think that that would mean the end of the evergrande story. in fact, farfrom it. liquidation could actually bring about more problems than it solves.

first, you've got the issue of who gets priority to which assets. this case might have been brought forward by an offshore creditor in hong kong, but they're actually owed a fraction of evergrande�*s total debt. most of the money is owed to people and companies within china, and these people and companies have actually been very quiet, because the chinese government has told them to be very quiet. if this was a western company, then it would have folded a long time ago. but in china, the government has control over the economy, and therefore evergrande continues in this zombie mode — because the chinese government doesn't want a collapse. nick marsh in our asia business hub. europe's biggest bank, hsbc, has posted its latest results showing profits more than doubled in the period between july and september, compared to last year. with pre—tax profits rising to $7.7 billion in the third quarter. it's all driven by rising global

interest rates feeding into their balance sheets. i'm joined by benjamin toms, uk banking analyst for rbc capital markets. good to have you with us. $7.7 billion but it still didn't meet expectations. just explain why. thank you for having me. first thing this morning the main message that we got from the bank was really around a cost downgrade. costs this year were expected to grow by 4% year were expected to grow by 4% year on year. now the company is expecting those costs to grow by 6% was not the first use was a downgrade. it wasn't until later than the day, around a net interest income element, we were given some assurances where consensus was sitting for the year end was actually 0k in the guidance the bank has is actually now no longer really relevant. we has is actually now no longer really relevant. ~ ~ ., ., , relevant. we know that whilst headquartered _ relevant. we know that whilst headquartered in _ relevant. we know that whilst headquartered in london, - relevant. we know that whilst l headquartered in london, hsbc relevant. we know that whilst - headquartered in london, hsbc makes most of its money in asia. i wonder, therefore, what that slowdown we were talking about evergrande, we the china economy as a whole is

slowing. what does that mean for hsbc going forward? is that why we are seeing shares underperformed today? are seeing shares underperformed toda ? ., ., ~ today? you are right. the bank headquarters — today? you are right. the bank headquarters in _ today? you are right. the bank headquarters in the _ today? you are right. the bank headquarters in the uk - today? you are right. the bank headquarters in the uk but - today? you are right. the bankl headquarters in the uk but does today? you are right. the bank- headquarters in the uk but does most of its business, two thirds, in china. and hong kong. ithink the company would tell you to answer that question is, whilst the outlook for growth in the uk is relatively low for next year, even though there is pressure on chinese and asian growth, the growth is expected to come through is much higher than you would expect in the european nations. the blended average still looks pretty decent for hsbc. the real question is when it really starts to pick up a bit, from low levels at the moment. 0ur expectation is that that will happen until the second half of 202a. we until the second half of 2024. we know, like _ until the second half of 2024. we know, like many businesses, that change in interest rates, we had low interest rates for so long, they have been gradually rising in most developed economies around the world. that is leaving a lot of organisations to re—evaluate how and where it does business. we know hsbc

is trying to off—load its french business to be able to focus more on asia. where does all of this leave that deal? ., asia. where does all of this leave that deal? . ., , , asia. where does all of this leave that deal? . ,, that deal? that deals is still exnected — that deal? that deals is still exnected to _ that deal? that deals is still expected to close _ that deal? that deals is still expected to close in - that deal? that deals is still expected to close in queue l that deal? that deals is still. expected to close in queue four that deal? that deals is still- expected to close in queue four of this year. that was a relatively non—profitable part of the business and when that gets off—loaded, the results will become a bit cleaner for hsbc. the key here though is really the growth that you get around net interest income for the bank. we don't really know whether the bank would still be able to grow that net interest income. there is a little bit of interest rate sensitivity still left on the table in hong kong. for most other geographers there still is not much interest rate sensitivity left. so it is how do you generate growth in the income. it is probably around loan growth which would come through until the second half of the year. it will be interesting to see how that plays out for so many organisations. thank you forjoining

us. two down, one to go! chrysler maker stellantis has struck a tentative pay deal with the united auto workers union to end a six—week strike. the agreement, which still needs to be approved by union leaders and members, follows a similar deal that was struck with ford last week. but the strike is still ongoing at the third car maker gm. 0ur north america business correspondent erin delmore has been following the story. that is not erin. i'm hoping she can hear us. just explain what has been going on. it has been a huge challenge to get this deal over the line. talk to me about the deal that has been struck. it line. talk to me about the deal that has been struck.— has been struck. it has been a six-week _ has been struck. it has been a six-week long _ has been struck. it has been a six-week long challenge - has been struck. it has been a six-week long challenge and i has been struck. it has been a l six-week long challenge and we has been struck. it has been a - six-week long challenge and we have six—week long challenge and we have seen the union engaging in what we call pattern bargaining. that is when you see them negotiating with one auto—maker and then bringing the gains from that conversation into the next. then you talk about tentative agreements reached with ford and stellantis. the uaw has not

confirmed but it does appear that a tentative deal has been reached with gm. we don't have specifics on this but i can tell you about the deal is reached at ford and stellantis. for the union, crucially they sent on a 25% pay increase for union members over the course of four and half years. they also have protections, increases for cost of living pegged to inflation. this comes after six weeks of bargaining where we saw a historic strike by the union targeting all three auto—makers at once, allowing them to be able to pit them against each other as they move forward in negotiations and to be able to not have all of their members striking at once, being able to rotate in and out. what proved to be an effective tactic for the union. , ., , , , union. there is a bigger issue here thou:h as union. there is a bigger issue here though as well. — union. there is a bigger issue here though as well, as _ union. there is a bigger issue here though as well, as there, - union. there is a bigger issue here though as well, as there, about. union. there is a bigger issue here | though as well, as there, about the role of us car making in general. we know there has been a big boom in asian made cars. we know there is a renewed focus on what and where things are made in the united states. just put it into a bit of context for is about the future of

car manufacturing in america right now. ., u, car manufacturing in america right now. ., , , now. you could see it 'ust in the wa the now. you could see it 'ust in the way the metrics _ now. you could see it 'ust in the way the metrics have _ now. you could see itjust in the way the metrics have played - now. you could see itjust in the way the metrics have played out now. you could see itjust in the - way the metrics have played out with the strike itself. ford has a majority of its production in the united states, even more so than the other two auto—makers. ford said the strike has cost them $1.3 billion. gm in comparison said their total so far is 800 million. when we look at theissue far is 800 million. when we look at the issue here of competition, the autoworkers have maintained that they deserve a share of the profits that have been incurred by the companies themselves and granted to chief executives. but the auto—makers have said that they can only afford so much because of the transition to electric vehicles is also costly. this is the push and pull. when we talk about gains and wages for autoworkers, that becomes an increased production cost. does that get passed onto consumers and do consumers want to continue to be buying domestically made cars, or do they start looking to international competitors? having this foothold, especially as the domestic car industry transitions to electric

vehicles, this is top of the line for auto—makers as they chart their course in the future. for auto-makers as they chart their course in the future.— for auto-makers as they chart their course in the future. want to follow and keep an — course in the future. want to follow and keep an eye — course in the future. want to follow and keep an eye on. _ course in the future. want to follow and keep an eye on. erin, _ course in the future. want to follow and keep an eye on. erin, but- course in the future. want to follow and keep an eye on. erin, but have | and keep an eye on. erin, but have with us. from the materials they're made of, like steel and concrete, to the energy they consume, buildings often have a heavy carbon footprint. yet we are set to need more and more of them. that's prompting a rethink about how we build and driving a trend towards more low carbon materials — in particular, wood — as adrienne murray reports from denmark. this three—bedroom house is made entirely from wood. it's a prototype demonstrating a new approach to building. so here you are on the second floor. everything is built out of bio based materials. so you have wood panels, wood flooring. by using wood—based materials and energy efficient design, their carbon footprint has been slashed to just a third of the average danish house.

all the wood that you see around us here is actually a storage of c02 that is drawn out of the atmosphere. in contrary, if we had built this out of concrete, bricks or steel, you would have huge emissions. called living places, the project aims to show that sustainable housing can be built now without the wait for new technologies. what we have arrived at is the ultra low c02 footprint, which is achieved with materials that are all available today in any diy. same with the technology. it is all on the market. around 37% of co2 emissions worldwide stem from construction that arises from using materials like steel and cement, as well as energy for heating and ac. in an effort to lower their climate impact, many new constructions are now turning back the clock and embracing an age old material. wood. so—called ply scrapers or timber tower blocks are rising

up in scandinavia and elsewhere. soon the tallest will surpass 100 metres with 32 floors, while whole neighbourhoods have wooden buildings are planned like this one in stockholm. 0nce finished, this eight storey office block will be copenhagen�*s largest timber structure. it uses clt and engineered wood made of several layers that's more fire resistant than raw timber and has a similar strength to concrete. though it costs more to build with there are other selling points and the architects are seeing growing demand. we have a level per week going up. it's not noisy and dirty as a normal construction site, so it goes up really, really fast. globally, we are constructing what equals to two times manhattan per month in terms of square metres. so we need to adapt and we need to adapt fast. for now, these are first steps, but rethinking how we design the buildings of the future could go a long way

to tackling their climate impact. adrienne murray, bbc news, copenhagen. those are your top business stories. bbc news, bringing you different stories from across the uk. students here in exeter face the second highest annual rent in the uk, up 16% in just two years. i get about 5 hours of sleep a night because i can't. i need to balance work with uni and everything. it's quite hard. if i was to do another degree, i'd do at home university. now more than ever is a business | rather than a place of education. | i think that is a real, real shame. the government says it's making £276 million available this academic year, which universities can use to top up their own hardship schemes on top of increases to student loans and grants. the university of exeter told us it aims to keep student rents as low as possible and says it offers additional support to those who need it.

the department for education says the student loan system prioritises support for people from the lowest income families. but from speaking to people here today, it certainly seems that more and more students are struggling to make ends meet. for more stories from across the uk, head to the bbc news website. street to breaking news and it is significant news coming to us that the israeli military have said that a soldier has been freed from hamas captivity in gaza during ground operations. that has just come from the israeli military. the israeli news agency also reporting the same thing, talking about a female soldier who was held hostage, being freed as part of the ground operations that we have seen over the last little while. we have the first picture that is just coming

into us. i want to put that onto the screen and the military is naming that soldier, who was kidnapped by hamas on october the 7th. the military says she has since undergone medical checks and was doing well. it didn't give details of the circumstances of her release but significant news coming from the israeli military that in those ground incursions during their operations that we have seen over the last couple of days, that they have managed to secure the release of a soldier. that is the first israeli soldier that has been released as part of the operations. lyse doucet is injerusalem for us. this is significant and important news that is just coming in, with some early details. as a results of their ground operations, one of the soldiers has been released. yes. the

israeli military, _ soldiers has been released. yes. the israeli military, the _ soldiers has been released. yes. the israeli military, the israeli _ israeli military, the israeli political leadership has always argued that there is no contradiction between intensifying there, notjust military operations, but expanding their ground operations and doing their best to bring the captives home. this news just broke in the last half hour. this is the picture. we believe it is after her release, private 0ry, reunited with her family. is after her release, private 0ry, reunited with herfamily. as is after her release, private 0ry, reunited with her family. as well as the israeli intelligence agency. i will read what we have. 0vernight, the soldier was released during idf ground operations. private 0ri the soldier was released during idf ground operations. private on was kidnapped by the terrorist organisation on october the 7th. the soldier was medically checked, is doing well, and has met with her family. the idf and i see able continue to do everything it takes

in order to release the hostages. this is very significant because we have heard, throughout these past few weeks, when israel started to do limited raids into gaza, with soldiers going in and out, it was said these reconnaissance teams were looking for information about whether hostages could be located. the only information that is in public —— isn't public, is that more than 200 hostages, and the number keeps rising, is that they are held by hamas, and other groups, and that they are scattered across gaza. many are believed to be in the north of the gaza strip including in gaza city. that of course is the part of the territory where israel has been moving its tanks and soldiers and gradually as it deepens and expands its military operations. as we have been reporting, this news of the

very first rescue of a soldier held captive, and we don't know how many are among the hostages, comes the day that another hostage video was released, with three women. we are expecting, in the next half—hour, the families of those hostages to give a news conference, and the israeli prime minister, benjamin netanyahu, will also make comments. this news, of the first soldier released, is going to intensify the debate here about how israel can best achieve its bow to the families of the kidnapped and the missing, that israel will do everything possible to bring them home. of course we know that, alongside this rescue, and there must be other rescue, and there must be other rescue efforts as well that are taking place, they are highly sensitive, highly risky, that there are negotiations in places, like the gulf state of qatar, where many

hamas leaders are based. breaking news, the first soldier to be freed, now back with her family. i news, the first soldier to be freed, now back with herfamily. i use news, the first soldier to be freed, now back with her family. i use the word rescue. _ now back with her family. i use the word rescue, released _ now back with her family. i use the word rescue, released rather, - now back with her family. i use the word rescue, released rather, butl now back with her family. i use the l word rescue, released rather, but it is a rescue, it is retrieved, this hostage. we don't know so many of the details here, just those couple of lines that the israeli military have told us. we don't know when, we don't know how. it was really interesting listening to you talking because mark was shot in his mind that the increased military operations in his view was the best way to up the pressure on hamas, to get the hostages back. yes. way to up the pressure on hamas, to get the hostages back.— get the hostages back. yes, we also heard earlier — get the hostages back. yes, we also heard earlier that _ get the hostages back. yes, we also heard earlier that it _ get the hostages back. yes, we also heard earlier that it intends -- - heard earlier that it intends —— make it to intensify military operation while you're trying to free hostages were negotiating

freedom, these are contradictory aims,. he had experience with a hostage situations. but in that might benjamin netanyahu is under huge pressure. among those, there are said to be 30 nationalities among the 200 hostages. joe biden has been on the phone, rishi sunak of britain, so many countries know that their loved ones are either missing or being held hostage. he has been insisting that the only way to bring all the hostages home, and to bring all the hostages home, and to find the missing, is to put pressure on hamas. he and the military will feel vindicated to that they are still under pressure from the hostage families with the release of that video in the plaintive cry from one of the women in that. we don't know the conditions under which he was speaking, but she pleaded, she said there had been idealfor a ceasefire. 0f there had been idealfor a ceasefire. of course that is not

true, but that may be the only news that she is receiving there and she pleaded with the government to do to bring them home. we pleaded with the government to do to bring them home.— bring them home. we will be back with ou bring them home. we will be back with you in — bring them home. we will be back with you in the — bring them home. we will be back with you in the next _ bring them home. we will be back with you in the next little - bring them home. we will be back with you in the next little while, i with you in the next little while, exactly as you are saying earlier, we have a news conference with benjamin netanyahu in the next little while, or a briefing with journalists. it is worth returning to that picture we have had. the retrieval of one of the hostages alive, it is on megidish, a private, and the picture and the military saying she has since undergone medical checks and doing well. it didn't give any details of the circumstances of the release but the circumstances of the release but the first of the soldiers that they have managed to retrieve. really significant news emerging in the next while. do stay with us. we will have plenty more on that, our main story. that development happening in

the last couple of minutes, and of course it was on top of that video that we saw released by her mass only a few hours ago which appeared to show three israeli women being held hostage. you heard lyse doucet talking about that. the bbc is not showing the video itself, which has been described as distressing. we can show you a still from that video and three people in that still picture. we have been looking at details, hearing more of that,. earlier, i spoke to gershon baskin, who is familiar with hamas and its hostage tactics, having helped secure the release of israeli soldier gilad shalit from hamas more than a decade ago. and i asked him first, what does this situation means

in terms of putting more pressure on the israeli prime minister now? first of all i think we have to recognise that the three women we saw are alive. they don't appear to have been tortured. they definitely do look under duress, and there is no doubt that this is aimed at pressuring israeli society to pressure the israeli government to make the deal that hamas is demanding, which is all for all, all the hostages for all the prisoners in israeli prisons, palestinian prisoners, between six and seven thousand people, of whom 559 are serving life sentences, some of the multiple life sentences, for murdering israelis. that is what we are talking about here and that is the extraordinary dilemma that the decision—makers need to deal with. and in terms of the negotiations, we know, before the ground offensive, that those were going on. what is your understanding of where that potentially now is? is your interpretation that they would not

making progress and so the ground invasion started, or potentially those contacts, those negotiations, are still going on? which do you think it is? i believe negotiations are still going on, not only in qatar but also in egypt. in fact i personally have more confidence in the egyptian track then qatar, but the pressure has seemed seemed to be all on qatar. it doesn't matter who succeeds or who gets credit, the point is there is a moral responsibility of the government of israel to return all hostages and the window of opportunity is open as long as the full ground incursion has begun. incursion hasn't begun. so i think there is an intent of israel putting more pressure on hamas to make a deal. we have to understand that the deal is not just the exchange we are talking about where to come out all the hostages for other prisoners. the question is, is it being done in one release

or are they all going to be released at the same time? is hamas going to try to drag this over a longer period of time? where the palestinian prisoners going to go? are they going to be sent to gaza will some of them be allowed to go back to their homes in the west bank? most of them are from the west bank most of them are not members of hamas, but we have a group of people who are in prison, for trying to do things against israel and israelis, some of them have done horrific things against israelis, and there are real security risks involved here that the government of israel needs to deal with. so how difficult does it then make it to be even considering releasing, if not the majority, then all of them? i think that the public pressure and the public opinion in israel has shifted sharply from three israel has shifted sharply from three weeks ago, when there was great agreement across all of israel that the primary directive was to remove hamas ability to govern gaza and threaten israel.

dismantling hamas was the directive and that has changed. i would wager to say that there is probably a majority say that the first priority is the hostages. the weight of the message of the families of the hostages, the story is that we have told, the pictures of the infants, the children, the women, the elderly, all this hostages being held, is weighing heavily on israeli society. there is no doubt this latest video will increase public resolve to free the hostages first. there is probably no way of freeing all the hostages without a negotiated agreement, doing an agreement for part of the hostages, the civilians, women, elderly, would still leave tens of hostages in hamas's hands, probably 50, 60 or 70, we don't know how many they consider to be soldiers. that is an impossible reality for israel to deal with as well.

straight to breaking news and we are hearing from westminster that the tory mp, paul bristow, has been told to leave his governmentjob after urging rishi sunak to back a permanent ceasefire in gaza. that is, the first conservative mp to break ranks with the government's position with the prime minister's position. of course they are backing pauses, humanitarian pauses, but not a permanent ceasefire. there is a major distinction between those two positions. this, the first tory mp, paul bristow, who has been told to leave his governmentjob because he has broken ranks with a government position, with the prime minister's position, with the prime minister's position, to back a call for a permanent ceasefire in gaza. that has just come from number ten. we will bring you more on that as we get it. let's also return to that breaking news. we were hearing from

jerusalem news, from the israeli military, that they have been able to rescue an israeli soldier. let me put that picture on the screen. there she is, on megidish, a private, who was kidnapped by hamas, on october the 7th. no details about how she was rescued and retrieved. just that one line that it was in line with the military operations they are carrying out on the ground in gaza, that they had been up to the last 36 hours. the military saying that she has undergone medical checks and was doing well. that news that is just breaking, a reminder, that we are due to hear from israel's prime minister, benjamin netanyahu, in the next few minutes. all of that coming up here on bbc news in a moment or two. don't go away.

live from london. this is bbc news.

the israeli military says it has rescued a soldier from hamas captivity during its ground operation in gaza. it comes as the israeli army expands its offensive — hitting 600 hamas targets in the gaza strip in 24 hours. hamas releases a video appearing to show three israeli hostages. israel's prime minister benjamin netanyahu condemns the video as "cruel psychological propaganda". the un says "hundreds" of patients are stuck in hospitals in the north of gaza. doctors say it's impossible to evacuate them. about 60 people are arrested in a russian republic, after a large mob, shouting anti—semitic slogans, storms an airport, looking for people from tel aviv. 36

hello, i'm matthew amroliwala, welcome to verified live,