of older australians are heading back to the workforce. hello. welcome to asia business report with me mariko oi. let's start in beijing where australia has met prime minister has met chinese prime minister has met chinese prime minister xijinping. the two leaders have expressed a desire to work together and move on from recent tensions. their relationship soured during the pandemic after australia's form government called for an independent intervention into the origins of covid—19. beijing imposed tariffs which were only left of this year. this is the chinese leader. translation: fix, this is the chinese leader. translation:— this is the chinese leader. translation: a healthy and stable relationship _ translation: a healthy and stable relationship is - translation: a healthy and stable relationship is on - translation: a healthy and stable relationship is on the i stable relationship is on the common interest of our two countries and people and meets the common expectations of countries in the region. we will push forward the development of the china — australia strategic partnership. australia strategic --artnershi. ,, ., , , partnership. simon baptist is the global— partnership. simon baptist is

the global chief _ partnership. simon baptist is the global chief economist i partnership. simon baptist is the global chief economist atj the global chief economist at the global chief economist at the ir un said australia was never a good target for china to have tensions with. it is never a good target for china to have tensions with.- to have tensions with. it is a sli . ht to have tensions with. it is a slight stabilisation _ to have tensions with. it is a slight stabilisation peptides| slight stabilisation peptides will remain quite difficult the foreseeable future. this recent incident over the last few years really shows the limit and some ways the lack of sufficient nation of chinese foreign policy. australia was a bad target for china to choose. this was going to side with the us when push comes to shove because of its resource endowment, it has unusually large amounts leverage. push by china on australia hasjust resulted firstly in australia doubling down on diversifying its export base, but it has also turned public and political opinion in the country family against china, said there is no political gains to be had by being too friendly. gains to be had by being too friendl . w ., gains to be had by being too friendl . ., , friendly. the fact that china's economy _ friendly. the fact that china's economy growth _ friendly. the fact that china's economy growth has - friendly. the fact that china's economy growth has been . friendly. the fact that china's - economy growth has been slowing down, do you think that is playing a role in improved

relations? the chinese and its establishments is not only has the passion up and yielding results but it has been a bit counter—productive and has pushed australia to do things like accelerate the aukus agreement where it will get nuclear submarines and greater pressure against firms like huawei and rules on foreign investment. so china's economy is in a weak spot. they could do with fewer problems, and repairing the relationship with an important training partner and it is an important bilateral relationship. china is a huge market for australia but australia is one of the major and largest suppliers of goods to china. so both sides will get some benefit economically from the relationship improving. does not mean — relationship improving. does not mean that _ relationship improving. does not mean that the _ relationship improving. does not mean that the future - relationship improving. does not mean that the future is l relationship improving. does. not mean that the future is all great? australian businesses shouldn't have to worry about any of those tariffs and so on? absolutely not! the future has many clouds in it and australian firms in china will have to be wary of being used

as geopolitical footballs, as future spats happen, which may well because the countries have a lot of deep disagreements over many issues, human rights, taiwan, trade, investment rules, and in the same token chinese firms are not going to get an easy ride in australia either. we're not going back to the heydays of the mid 2010s. simon mentioned aukus, the multi—billion dollar defence partnership between the us, australia and the uk. the biden administration hasjust administration has just announced it administration hasjust announced it will be sending a high—level delegation to australia this week to review how it is progressing. this includes representatives from not just the state includes representatives from notjust the state department but also national security council, energy department as well as the pentagon. the 3—way deal aims to create a new fleet of nuclear powered submarines seeking to counter china's influence in the indo pacific region. meanwhile, epic games, the creator of the pub —— popular game fortnight is accusing google of monopolistic

behaviour. the game maker says the tech giant is stifling competition among its vendor is on its android operating system and the two hour face each other in court in san francisco. fortnight macro is a game free to play but epic makes a lot of money from it by selling virtual currency through its app. that is an in 3pp through its app. that is an in app purchase and if you are on an android phone, google makes an android phone, google makes a commission off of that, then thatis a commission off of that, then that is true if you're making any enough purchases like downloading an audiobook or purchasing a scratch on. in this lawsuit epic is claiming you the customer are paying higher fees than you should be. epic sued apple over this issue a couple of years ago which largely resulted in an initial win for apple although the supreme court might take a second look. this is slightly different because it will be decided by a jury instead of judge. epic is being countersued by google. this is not the only anti—trust case google is facing right now. it

is in a legal battle with the justice department over its search engine dominance will stop that case is one of many we have seen in recent years on washington's efforts to rein in big tech. now to the energy sector. saudi aramco expects its earnings to be positive. the bolster has been boosted by recent share prices. it is of course the well�*s biggest oil and gas company and its earnings give analysts a better understanding of how the whole sector is faring.— sector is faring. aramco is all set to announce _ sector is faring. aramco is all set to announce its _ set to announce its third—quarter earnings and according to analysts, the government schipplock somewhere between 30 of profit during the july to september period. now, if the results are in line with what analysts are expecting, then that would be a drop of about 25% if not more compared to the same period last year.

it is important to note that the oil prices are in a very different place than what they were last year. last year during the same period, oil prices were about 110 to barrel. that was because of the russia ukraine war, which led to oil prices touching a record high. and that benefited oil exporters and producers like aramco immensely because they were able to post record profits last year. this year if you look at the last three months, oil prices have been 75 a barrel, they have gone up in the last month, which may provide some sort of a cushion, and the otherfactor provide some sort of a cushion, and the other factor is that saudi arabia has also voluntarily cut down oil production over the last five to six months. sincejuly, it has been pumping 10% less oil than what it was doing early unless it has done in order to stabilise prices, quote unquote, which essentially means it once oil prices to remain at a certain level. it remain at a certain level. it has been called australia's great un retirement, as older people change their minds about

quitting theirjobs and rejoin the workforce. it is a combination of the rising cost of living, a shortage of workers as well as the growth of flexible employment, which has encouraged more people to come out of retirement. that is even as experts say older australians still face ageism in the workplace. from sydney, phil mercer has more. after 45 years as a motor mechanic, james cowton needed a fresh start. he was wary and stressed. he ended up swapping retirement for a new career as an artist. retirement for a new career as an artist-— an artist. this is in one of my aalle an artist. this is in one of my gallery spaces- _ an artist. this is in one of my gallery spaces. i _ an artist. this is in one of my gallery spaces. i was - an artist. this is in one of my gallery spaces. i was coming | an artist. this is in one of my i gallery spaces. i was coming up to retirement and i was looking ahead at where i wanted to be. while my hands work and my mind work, i would like to work to my last day really. i don't want to stop. new ideas come every day, so it's not like i'm short of ideas. just short of time. you hear a lot of stories, people sit down at retirement and they just stay and watch the tv and whatever,

and watch the tv and whatever, and it doesn't take long, a couple of years, and they start sliding. couple of years, and they start slidina. �* ,., couple of years, and they start slidina. �* ., ., sliding. about a third of new “obs in sliding. about a third of new jobs in australia _ sliding. about a third of new jobs in australia have - sliding. about a third of new jobs in australia have been i jobs in australia have been taken by the over 555, who are rejoining the workforce. many me55 rejoining the workforce. many mess the social connections and the sense of purpose that a job can bring. 0ther5 need the money. can bring. others need the mone . ., can bring. others need the mone. ., , ,, , money. cost-of-living pressures mi . ht money. cost-of-living pressures miaht be money. cost-of-living pressures might be biting. _ money. cost-of-living pressures might be biting, and _ money. cost-of-living pressures might be biting, and for - money. cost-of-living pressures might be biting, and for some, l might be biting, and for some, they also want the meaning that work provides. ageism i5 they also want the meaning that work provides. ageism is still 5y5temic. employers should be recognising that these older workers are an opportunity and an asset, particularly when they are facing problems finding skilled labourer. thi5 finding skilled labourer. this is an untapped resource. many businesses _ is an untapped resource. many businesses in _ is an untapped resource. many businesses in australia - is an untapped resource. many businesses in australia can't i businesses in australia can't find enough staff but as the population ages, the economic influence of older people in the workplace is increasing. about a fifth of all workers are now aged over 55. job flexibility has been a key

factor. ~ ., ., , ., factor. we have to remember and acce -t factor. we have to remember and accept retirement _ factor. we have to remember and accept retirement is _ factor. we have to remember and accept retirement is not - accept retirement is not gardening, golfing and grandparenting for everyone. we grandpa renting for everyone. we really grandparenting for everyone. we really need to start thinking for the older worker what is work actually look like, and what can it mean for them? can it be different from that traditional mould of full or part—time work? could there be a capacity for them to mentor others in the workplace? could it be a volunteer capacity? b, it be a volunteer capacity? a lot of these lamps tell a story~ _ lot of these lamps tell a sto .�* , ., lot of these lamps tell a sto .�* , . ., story. australia's great un-retirement - story. australia's great un-retirement is - story. australia's great - un-retirement is gathering un—retirement is gathering steam. forthe un—retirement is gathering steam. for the former sydney mechanicjames cowton, his custom—made lighting with its industrial flavour is illuminating a brighterfuture. illuminating a brighter future. before illuminating a brighterfuture. before we go, in italy, a judge has ordered the seizure of about $840 million from the short term rentals platform

airbnb for alleged tax evasion. airbnb for alleged tax evasion. a statement by the milan's prosecutors office said airbnb was suspected to withhold 2i% was suspected to withhold 21% of lands rental income and pass it onto the italian tax authorities as required by law. the period question covers 2017 to 2021. airbnb has told the bbc they are surprised and disappointed by the announcement. that is it for this edition of asia business report. we will be back next hour. join me than if you can. thanks for watching. bbc news. bringing you different stories from across the uk. it was one of lincolnshire's biggest annual events, attracting visitors from around the world, but now this 19405 festival has become itself a part of history, victim of its own success. the free event had grown so much since it started 12 years ago that the volunteers who run it say operating costs are too high carry on. the news came as

an unwelcome surprise to local businesses and residents. really, really disappointed that this has happened without any notice as such, as well. you know, nothing really has been said before it you know, nothing really has been said before— been said before it was a bit of a shock. _ been said before it was a bit of a shock, to _ been said before it was a bit of a shock, to be _ been said before it was a bit of a shock, to be honest. i been said before it was a bit| of a shock, to be honest. we had — of a shock, to be honest. we had yesterday. we probably sold about _ had yesterday. we probably sold about 900 bags over the weekend so it will_ about 900 bags over the weekend so it will affect us, big time, i'm afraid _ so it will affect us, big time, i'm afraid-— so it will affect us, big time, i'm afraid. . . , i'm afraid. already some in the villa . e i'm afraid. already some in the village are _ i'm afraid. already some in the village are asking _ i'm afraid. already some in the village are asking if— i'm afraid. already some in the village are asking if there's i village are asking if there's any way to save the event, and any way to save the event, and a meeting is due to be held here on friday evening to discuss possible ways forward. for more stories from across the uk, head to the bbc news website. iam i am steven with the catch up. tonight, bonfire night clashes in scotland, the search for luis diaz's dad, and some spectacular skies. luis diaz's dad, and some spectacularskies. but luis diaz's dad, and some spectacular skies. but first, have you ever bought a top or a drop on boo—hoo and wondered

how it's so cheap? a bbc investigation has found the company is breaking its promises to make clothes fairly and ethically. we sent an undercover reporter to boohoo's eight offices in manchester. she found the staff are under pressure to drive down the price paid by surprise even after deals had been done. 0ne colleague admitted lying to try and get clothes made at a cheaper price. boohoo says it has invested significant resources into driving positive change across the business. you can watch the full panorama investigation on the bbc iplayer now. it is called boohoo's broken promises. some other stories now. eight police officers have been injured after violence on bonfire night in scotland. this was an entry in scotland. this was an entry in edinburgh last night. more than 50 young people throwing bricks, fireworks and petrol bombs at officers. police believe the clashes were planned. and an update on liverpool forward luis diaz's

dad. the gunman who kidnapped him in colombia over a week ago say they plan to release him soon, once local officials meet their demands. diaz revealed a t—shirt, saying freedom for papa, after he scored for liverpool against luton yesterday. and time to leave you with ten seconds of the northern lights, because yes, this isn't a filter. these are the stunning pictures from across the uk on sunday night, as the lights put on a pretty special show. as the lights put on a pretty specialshow. looks as the lights put on a pretty special show. looks amazing, doesn't it? you are all caught up. have a good night.

hello, and welcome to sportsday. i'm gavin ramjaun. controversy in delhi — angelo mathews becomes the first international cricketer timed out, his sri lanka side beaten by bangladesh. chelsea beat spurs 4—1 at the tottenham hotspur stadium but that's only half the story, in a thrilling premier league london derby. and a boost for manchester city, as erling haaland's back in training ahead of their champions league game, following an injury at the weekend.

hello there, and welcome along to sportsday. history was made at the cricket world cup, in bangladesh's three—wicket victory over sri lanka, but for controversial reasons. angelo mathews became the first international cricketer to be timed out, afterfailing to get himself in a position to face his first ball for sri lanka. bangladesh insisted it was a violation, which left the former sri lanka captainfuming. their hopes of reaching the semi—finals now over. patrick geary was watching. a murky deli. stadium sits in the middle of a problem. this week india's capital has been the most polluted city in the world. scores off, building workers stopped, but the cricket goes on. the world health organization breaks the conditions in delhi is very unhealthy. both bangladesh and sri lanka have missed training sessions in recent days. both have questioned the safety of the match. when they did train, bangladesh more mast and took

caution.