hong kong relaxes mortgage rules to revive its property sector. optimistic about its property market, telling the bbc ends are icing up. australia is right to disconnect law has been impacting culture. hello and welcome to business today. i'm steve lai. hong kong and china markers havejoined the trading hong kong and china markers have joined the trading day with the index and composite trading mostly flat at the moment. authorities in hong kong have been looking at ways to revive the city's property market. earlierthis to revive the city's property market. earlier this month that is to mortgage rules on homes but have these been enough? the

chairman of the group, a major developer in hong kong is confident things are moving in the right direction. high interest _ the right direction. high interest rates _ the right direction. high i interest rates everywhere the right direction. high - interest rates everywhere in the world, interest rates are high, property slums. that has been the biggest problem we are faced in hong kong because of ice being paid for over a0 years to the us dollar. it served us well for more than a0 years and continues to serve us well but when it comes to property, high interest rates, people just don't property, high interest rates, peoplejust don't go property, high interest rates, people just don't go by, they don't move. property prices go down, people can't pay their mortgages. it becomes a chain effect. when mortgages are down, property values are down. it has become a very big problem, that is really the biggest problem we are faced since the us decided to raise

the interest rates during inflation and because during covid. it caused huge inflation. the good news is it is starting to recover. the chief executive on october 16, the address really helped. speaking about those efforts to revive the housing market, you have come out of this or come through these tough times, these interest rates are not within your control so you're at the mercy there. do you see these measures coming into place starting to improve things? place starting to improve thins? , , , ., ., things? definitely starting to im - rove. things? definitely starting to improve- we _ things? definitely starting to improve. we see _ things? definitely starting to improve. we see in - things? definitely starting to improve. we see in the - things? definitely starting to improve. we see in the past| improve. we see in the past weekend there were two projects that almost sold out. that is not happen for the last two years. it is not, just the us dropping the interest rate by 50 basis points in the last quarter. it started to help and give people hope for optimism

as well dropping value ratio from 50% to 70%. now you have to put that on 30% for a mortgage and 30% deposit, 70% mortgage and 30% deposit, 70% mortgage and 30% deposit, 70% mortgage and that is really giving a boost of confidence to people, they can see some light at the end of the tunnel will stop in other news, disney has finally announced that it in other news, disney has finally announced that it will name its next chief executive in 2026. this is the first timeline the company has publicly given for appointing a successor to current ceo, bob iger. the company has also named morgan stanley's former boss, james gorman, as the new chairman of the board. gorman joined the disney board in 2023 and has been the head of the company's succession planning committee since august this year. the stock though trading pretty flat on the back of this news. elon musk, tesla and warner discovery of being sued in relation to the rubber taxi

event held earlier this month. the lawsuit filed by the producers of blade runner 20a9 alleges elon musk and hazlitt have been denying permission to use imagery from the film for the event but they used it anyway. they have not responded to the lawsuit. nikkei has sealed a 12 year extension deal to continue being the exclusive apparel provider for the being the exclusive apparel providerfor the nba being the exclusive apparel provider for the nba and wnba —— nike. as part of the deal to sports giant will provide on court uniforms for leaks until 2037. this marks the first major deal under the new chief executive which took over the company last week. in australia, employees have the right to ignore their bosses outside working hours thanks to a recent law which enshrines the "right to disconnect." the legislation, passed earlier this year, protects workers who refuse to monitor, read or respond to contact from their employers outside work hours. more than 20 countries, including france, have brought in place similar laws. from sydney, phil mercer reports on the impact

at the workplace. family fund beats work stress, any day of the week. kelly gale is starting a new position in marketing in sydney. she has made sure it will not be such a demanding environment as her previousjob. i demanding environment as her previous job-— demanding environment as her previous job. previous “ob. i don't know what it was previous job. i don't know what it was but _ previous job. i don't know what it was but every _ previous job. i don't know what it was but every called - previous job. i don't know what it was but every called had - previous job. i don't know what it was but every called had to l it was but every called had to be answered, even if you are in the bathroom and every e—mail had to be answered within ten minutes later when it was, what time of day or night or whether it was a weekend or holiday. what effect did that have on you? it what effect did that have on ou? ., , what effect did that have on ou? . , ., ., . what effect did that have on ou? ., ., . you? it was traumatic, actually to be honest. _ you? it was traumatic, actually to be honest. millions- you? it was traumatic, actually to be honest. millions of- to be honest. millions of australians _ to be honest. millions of australians can - to be honest. millions of australians can now - to be honest. millions of. australians can now break to be honest. millions of- australians can now break free from the pressures of after—hours calls and e—mails. new laws are based on the premise that staff are happier if they are not followed home by theirjobs. in if they are not followed home by theirjobs-_ by their “obs. in australia we have a by theirjobs. in australia we have a mental— by theirjobs. in australia we have a mental health - by theirjobs. in australia we have a mental health crisis, | have a mental health crisis, there are are as many as one in four employees in the workplace suffering from mental health conditions and lots of people

have job uncertainty. add to that the cost of living prices and this is going to look to address some of that, people have been overworked for a long time. ,, . have been overworked for a long time, ,, ., ., , have been overworked for a long time. ,, ., ., , ., , time. similar laws are in place in france. _ time. similar laws are in place in france, argentina _ time. similar laws are in place in france, argentina and - in france, argentina and ireland. but industry groups here incest the right to disconnect legislation will hamper productivity at a time of economic uncertainty. academics argue that the changes will be good for business.— changes will be good for business. we are seeing businesses _ business. we are seeing businesses respond - business. we are seeing businesses respond to i business. we are seeing i businesses respond to this thinking about how they and their staff will work smarter, not necessarily harder. the impact of these laws will have a positive impact on workers in terms of their well being. fieer terms of their well being. over a telstra there _ terms of their well being. over a telstra there has _ terms of their well being. over a telstra there has been - terms of their well being. over a telstra there has been a - a telstra there has been a long—standing process will stop one of the dominant telecommunications companies has allowed employees to switch off after work for more than a decade. ., , .,, ., , decade. for people to be engaged _ decade. for people to be engaged and _ decade. for people to be engaged and productive, | decade. for people to be - engaged and productive, that really means being able to have a balanced life where you are able to give your best and do your best while you artwork but

also have genuine time when you are not working and able to disconnect.— disconnect. it's ridiculous that we — disconnect. it's ridiculous that we need _ disconnect. it's ridiculous that we need these - disconnect. it's ridiculous that we need these laws, j disconnect. it's ridiculous - that we need these laws, that people — that we need these laws, that people need laws to actually act humanely but i'm fully supporting them. it allows pebble _ supporting them. it allows people to have more of their work-life _ people to have more of their work—life balance. the work-life balance. the legislation _ work-life balance. the legislation states - work-life balance. the legislation states out i work-life balance. the | legislation states out of work—life balance. tie: legislation states out of hours contact from the boss, which is considered to be unreasonable and be ignored. the reforms will be enforced by australia's workplace regulator. phil mercer, bbc news, sydney. proceedings in a class—action lawsuit against bhp have begun in london over the com lapse of the companies mariano dam in brazil in 2015. the disaster led to the release of toxic mining waste that killed 19 people and devastated local communities. lawyers representing the thousands of victims say bhp is trying to avoid responsibility, seeking $47 avoid responsibility, seeking $a7 billion of damages. shares

trading just under 1% in australia today. we all know how hacking and cyberattacks have become huge issues notjust to us individually, but also to businesses and governments. but did you know that estonia ranks high when it comes to tackling those threats — and it's also been investing heavily into artificial intelligence. ambassador priit turk took me through the country's journey to become resilient to cyber threats.— cyber threats. estonia has a lona cyber threats. estonia has a long story _ cyber threats. estonia has a long story with _ cyber threats. estonia has a | long story with cybersecurity and it started in 1981 when we regained our independence, we inherited, we didn't have any government system that we had to build up and it was a decision at that time to do it digitally because it was cheaper and more efficient and it already was enacted. we decided to create a very digital governance and government as well as our society was already using these services when i think in many

places it was not the case. what happened than in 2007, estonia was experiencing a very serious and now the world has acknowledged the first cyber attack against the country by our eastern neighbour. then we learned, it was an alarm bell for us, that we have to take the cyber side very seriously because if you want more digitalised you are, the more dependent you are or vulnerable you are two strokes. that was an alarm bell for us, our government started to take, we survived from this attack and it was recovered. we learn from it was recovered. we learn from it that we need to build more capabilities in cyber but also educate our people and our society to be more resilient. indian pharmaceutical tycoon has bought a 50% stake in a

major bollywood production company. l invest $190 million in productions and to maddick entertainment. they are one of the most esteemed directors and this investment in the company comes at a time when the film industry has been struggling to get back on its feet since the covid—19 pandemic shut cinemas. motor company will begin trading in mumbai in hours. a subsidiary of south korea's company will be the largest ipo in the history of the indian stock market. with an estimated $3.3 billion. we'll have more on why the comic is betting big in the coming hours with our correspondent. he will be speaking to us life. shares for now are trading around 1% lower in soul. and that's it for this edition of business today.

thanks for watching. i'll see you again at the top of the hour when newsday resumes.

hi, i'm lola with the catch—up. what could be the future for young drivers. the milkshake saga and a tiktok dj. a police officer has been cleared of murdering an unarmed man he shot in south london. chris died in september of 2022. his family said the verdict left them with deep pain of injustice and that it

represented a failure for all those affected by police violence. some other stories now. under 21 and prepping for your driving test? well how does carrying no passengers around your age for the first six months sound? that's what the aa suggest after son was killed in a road accident. last year, 290 people, including drivers under 25 were killed. remember the woman who threw a mcdonald's milkshake over nigel faraj? she has pleaded guilty to assault. the incident happened while the reform uk leader was campaigning. and for the first time, new zealand are crowned champions of the women's t20 cricket world cup, celebrating their win over south africa with a maori song. they sing

time for ten seconds of someone you may recognise. i time for ten seconds of someone you may recognise-_ you may recognise. i think the ositive you may recognise. i think the positive vibes. _ the mission is to try and give a lift to everyone. if tiktok a try, and really the rest is history. you are all caught up. have a great night. hello and welcome to sportsday. i'm gavin ramjaun. over 100 womens footballers speak out against fifa's saudi sponsorship deal. the champions league returns this week and real madrid boss carlo ancelotti demands more goals from summer signing kylian mbappe. and we hearfrom england's star spinner, jack leach, ahead of their series decider with pakistan after he feared his international career was over.