sri lanka has a new president who has made big economic promises. we'll look at the challenges he faces to keep them. plus, i caught up with one of the most recognisable names in formula 1 as the race wrapped up in singapore. hello and welcome to business today. i'm steve lai. let's begin intra longer which has elected a new president, anura kumara dissanayake faces the grim task of writing an economy which collapsed in 2022. anura kumara dissanayake once at a selection after the second round of counting which telling voters second and third choice candidates, the bbc�*s sent this report. sri lanka's voting for change and am anura kumara dissanayake signals that political overhaul. he is the first left leaning lawmaker to take charge and has won on his

pledge to address corruption and reduce economic burden on true lancome. and that resonated with citizens who have been burdened with high living costs and rising poverty, even at a time when the economy overall seem to have stabilised. now, anura kumara dissanayake promise to cut income taxes and slashes tells taxes on food and medicine, his also promised to renegotiate terms of the imf programme to make it easier for sri lankan. but experts say that he can manage to realistically deliver and fund the populous promises, while balancing sri lankan�*s. the foreign reserve is at $6 billion that can last forjust three months. imf bailout line that forced his territory in order to boost government revenues is also halfway through and a deal to restructure the huge foreign debt by still not finalised. stabilising the economy and manoeuvring lenders especially bilateral partners india and

china will be one of the first test. this party so far has had a no experience in running a government, economists are the governance of the economy skills will now be tested by the party also has had a violent and rickety past that concerns are some but expectations are high among ordinary shoe lincolns who ordered for this change, the new president will have to have financial compunction. economic crisis into a swing to lead to the country to secure a loan from the international mortuary fund to the tune of $3 billion. negotiation with the imf will be among the president's immediate priorities, that according to global affairs think tank earlier. i think his first action will really be to start talk to the international monetary fund where they say they will work within that framework but also write try to renegotiate some of the certainty measures and then there will be a lot of and this

is on trying to brought out the corruption that is plates along for so long. of those two issues about speaking to the imf and also addressing a corruption in the country, are they linked at all given that they linked at all given that the history that sri lanka has had in the past?— the history that sri lanka has had in the past? well, the imf programme — had in the past? well, the imf programme is _ had in the past? well, the imf programme is really _ had in the past? well, the imf programme is really a - had in the past? well, the imf programme is really a sort - had in the past? well, the imf programme is really a sort of i had in the past? well, the imf| programme is really a sort of a last measure to help a country thatis last measure to help a country that is in debt default status to meet the requirements with the economic restructuring and part of the problem has been these large infrastructure projects that have come from china would have been on how they've been managed and so there has been a lot of seeking behaviour, and i think he wants to improve the way in which the economy works and in which the fruits of economic growth are distributed across the country so there isn't a linkage for sure. ,, . y so there isn't a linkage for sure. , , ., so there isn't a linkage for sure. ,, ., ~ , ., sure. staying to asian currencies _ sure. staying to asian currencies which - sure. staying to asian currencies which jump sure. staying to asian i currencies which jump to sure. staying to asian - currencies which jump to their strongest level in more than a year, after the us federal

reserve chair and interest rates and signalled another rates and signalled another rate cut in the months ahead. anz expects the strength in regional currencies to persist. we are forecasting another hundred and 50 basis points between now to the middle of next year, that will bring the funds to roughly around 3.5% and that's going to narrow the differential that you'll get between the us and this region and i'll make the us dollar are attractive for investors and as investors who have a cumulative a lot of dollars of the last two years seek to access those positions, some of them actually quite a lot will find its way into this part of the region so anything to pick up a portfolio into asia, both into the equity and markets and that's one of the catalyst that will drive currencies are stronger. will drive currencies are stronger-— will drive currencies are stronuer. , stronger. us cheap company has re ortedl stronger. us cheap company has reportedly approached _ stronger. us cheap company has reportedly approached rival - reportedly approached rival intel about a takeover, the

move was first reported by the wall streetjournal which cited anonymous sources and intel is known for making products that power modern pcs but it has been struggling to get a foothold in the artificial intelligence race, that shows are followed by more than 50% this year. australia's regular has suited to the country's largest supermarket chains for misleading shoppers, coles and woolworths increase the prices of hundreds of products for a brief period before lowering them to make it appear like the chairs — chains were offering discounts but the products were actually sold for regular or inflated prices, that according to the regulator. turning to motorsport in the singapore leg of the formula i grand prix is wrapped up on sunday, had a chance to catch up exclusively with the dream —— team principal christian horner while he was here. we had a wide—ranging conversation about the tough year he has had with nell changes, misconduct allegations as well as how sustainable fuel in artificial intelligence is changing the

sport. m intelligence is changing the sort. �* ., intelligence is changing the sort. ., ~ intelligence is changing the sort. . ~ ., sport. ai and ml and machine learnin: sport. ai and ml and machine learning is — sport. ai and ml and machine learning is another— sport. ai and ml and machine learning is another aspect - sport. ai and ml and machine learning is another aspect of. learning is another aspect of the cutting—edge technology for formula i and we're using ai in our simulations, formula i and we're using ai in oursimulations, how formula i and we're using ai in our simulations, how preferfor a grand prix and it's a fascinating technology that we are on the scratching at the surface. dobby some dearest i think that this too much technology in the sport and wanted to get back to that have so many drive rates, what's your view on that? the data makes better informed decisions but at the end of the day, our biggest variable is the driver and the driver still has an mentally important role and you can see the variance in drivers that there are so, the driver is a key differentiator and its find a balance between being a pure driver competition and a technology and the two having to merge, we cannot do it

without our drivers and the driver ultimately makes a difference as we have with max verstappen. d0 difference as we have with max verstappen-_ verstappen. do you see a day when formula _ verstappen. do you see a day when formula 1 _ verstappen. do you see a day when formula 1 moves - verstappen. do you see a day when formula 1 moves away l verstappen. do you see a day - when formula 1 moves away from fossil fuels? when formula 1 moves away from fossilfuels? i when formula 1 moves away from fossil fuels?— fossil fuels? i think going to a sustainable _ fossil fuels? i think going to a sustainable fuel _ fossil fuels? i think going to a sustainable fuel that - fossil fuels? i think going to a sustainable fuel that we i fossil fuels? i think going to l a sustainable fuel that we are in 26 is a big stab and i think it interesting for the fuel companies, they are all investing significantly ended and i think going to a fully sustainable fuel cars at an interesting path for the future. , ., interesting path for the future, , ., ., �* interesting path for the future. ., �* , interesting path for the future. , ., future. so you don't see a day when it will _ future. so you don't see a day when it will compete - future. so you don't see a day when it will compete with - when it will compete with formula e go down? i when it will compete with formula e go down? i think that formula 1_ formula e go down? i think that formula 1 is _ formula e go down? i think that formula 1 is taken _ formula e go down? i think that formula 1 is taken a _ formula e go down? i think that formula 1 is taken a mix - formula e go down? i think that formula 1 is taken a mix route, | formula 1 is taken a mix route, going to a 50% electrification in 2026, 50% combustion but with this. in fuel so it's mining the two aspects together without removing the emotion of the sound of combustion engine. which is key for a lot of fans? i think sound is one of the key

assets of going to a motor race, it'll be like going to a rock concert but with the volume turned down. and so, i think it is part of the dna of motorsport is the noise. you've had quite _ motorsport is the noise. you've had quite a _ motorsport is the noise. you've had quite a small— motorsport is the noise. you've had quite a small she _ motorsport is the noise. you've had quite a small she was - motorsport is the noise. you've had quite a small she was here| had quite a small she was here compared to the years previous so i want to get your thoughts on that and how you're sort of moving on from that and looking forward? i moving on from that and looking forward? ., ., , moving on from that and looking forward? ~ ., moving on from that and looking forward? ., ., , ., ., forward? i think as a team, we are well-positioned, _ forward? i think as a team, we are well-positioned, very - forward? i think as a team, we are well-positioned, very well| are well—positioned, very well positioned for the future, we continue to invest in young talent and develop that talent and i think there's an ethos that runs throughout team that is hugely, hugely competitive and why is a subsidiary of an energy drink, we've been able to go on and beat the likes of ferrari and mercedes and other automotive manufacturers. and it's that dna that sits within the team that drivers asked

forward and i'm convinced as we look at introducing our own engine in 2026 which it will be a massive milestone for the company. a massive milestone for the company-— a massive milestone for the coman. , . ., company. you've been in charge of red idull— company. you've been in charge of red bull for— company. you've been in charge of red bull for many _ company. you've been in charge of red bull for many years, - company. you've been in charge of red bull for many years, has| of red bull for many years, has this year been a tough year for you personally from a leadership point of view going through these changes, losing someone on the allegations that you faced which have been cleared?— you faced which have been cleared? ~ , ., _, ., you faced which have been cleared? ~ ., , cleared? when you come of it is unlikely last _ cleared? when you come of it is unlikely last year _ cleared? when you come of it is unlikely last year where - cleared? when you come of it is unlikely last year where we - unlikely last year where we absolutely dominated, of course, to much that was always going to be impossible but i think as a team, we focused on the basics, i think that inevitably, competitors have looked at capitalising on any opportunity that becomes available to them but what i'm particularly proud of is the way that the core of the team

are stuck together.— are stuck together. next she will be 20 — are stuck together. next she will be 20 years _ are stuck together. next she will be 20 years that - are stuck together. next she will be 20 years that you've l will be 20 years that you've been with red bull? i will be 20 years that you've been with red bull?- will be 20 years that you've been with red bull? i came in at the beginning _ been with red bull? i came in at the beginning and - been with red bull? i came in at the beginning and it's - been with red bull? i came in at the beginning and it's been j at the beginning and it's been at the beginning and it's been a hugejourney so at the beginning and it's been a huge journey so far but in this business, you never get a chance to really reflect on the past and you either a grand prix is now and 13 world championships so far in that 20 years or so, we've achieved a lot in a very short space of time. but i am type of person thatis time. but i am type of person that is only looking forward so for me, it is about the next 20 years, what do they hold in store? . ., ., . , years, what do they hold in store? . ., , ., ., store? tamagotchi is having a moment again _ store? tamagotchi is having a moment again and _ store? tamagotchi is having a moment again and the - store? tamagotchi is having a moment again and the toy - moment again and the toy housing virtual pair is one of the biggest crisis of the 19905, the biggest crisis of the 1990s, several attempts to reignite the brand over the years appear to be paying off, tamagotchi has now opened its first store in the uk, something you didn't do what it was the 90s hottest gadget. see you again soon.

hello, and welcome to sports today, i'm karthi gna nasegaram. the headlines: a dramatic late draw between the champions and challengers as manchester city and arsenal share the points. barcelona's brilliant start continues as they make it six wins out of six in la liga. and carlos alcaraz helps team europe edge team world to win tennis's laver cup for the first time in three years. hello, we're starting with the premier league, where there was a thrilling game at etihad stadium. john stones scored deep into stoppage time to salvage

a point for manchester city as they were held to a 2—2 draw