front with october's print coming in shy of estimates. similar story for housing with home prices falling for the 16th straight month. katrina ell from moody's analytics weighed in on the outlook for the property market and whether beijing needs to do more to support the world's second largest economy. i think that's where a lot of the concern and the weakness in the concern and the weakness in the chinese consumer is coming from, it's from but deeper and more prolonged correction in the property market. we need to remember that chinese households have a lot of their wealth tied up in the property market and so, we are seeing forward indicators like housing sale investment remaining week and we are expecting house prices to continue to contract on an annual basis right throughout the remainder of this year and through most of next year, unfortunately, so no turnaround in the property market at this point. find turnaround in the property market at this point. and now that donald _

market at this point. and now that donald trump _ market at this point. and now that donald trump has - market at this point. and now. that donald trump has returned to the white house is a certainty, are we likely to see any adjustments made or changes in china's strategy? i any adjustments made or changes in china's strategy?— in china's strategy? i think that's really _ in china's strategy? i think that's really the _ that's really the million—dollar question at this point. i think everyone's eyes are clearly fixated on trump and when we are actually going to get clarity on his policy priorities and agenda when he is in the white house. there's been a lot of things that he said in the campaign trail and we want to know exactly what's going to be implemented and we know already that china is really a focus area of the republicans over the next couple of years and so, getting that clarity will really be important because i think if china is hit hard with tarriffs, then they will of course release more stimulus to support domestic demand and hopefully, but cannot completely offset but improve conditions for china in this more tumultuous period. turning to the us, where federal reserve chairjerome powell is sounding optimistic about the recent performance of the economy, saying policymakers can now take their time when it comes

lowering interest rates. our north america business correspondent ritika gupta has the details from his speech at a dallas federal reserve event. robust economic growth, solid jobs market and inflation that trending towards target means the us central bank doesn't need to rush to lower interest rates — that according to the federal reserve chairjerome powell. speaking dallas fed event, he said the us economy has been,, remarkably good and he sees inflation on a sometimes bumpy path to what the 2% target. us central bankers began lowering borrowing costs back in september with a 0.5% cut and then lowered the policy raped again by 0.25% last week and they signalled a willingness to cut rates further, so long as inflation continues to slow. data out earlier this week shows a measure of us inflation remained steady in october, so—called core consumer price index which excludes food and

energy costs, included 0.3% for the third month. he did not comment on the possibility of a cut in the december meeting though markets have priced in about a 70% probability of a 0.25% reduction. and the future path of monetary policy could be even more uncertain next year when president trump fulfils his promises of deploying tarriffs. disney's quarterly earnings came in above estimates, led largely by a 14% jump in revenue at its entertainment division. the segment, which accounts for streaming, traditional tv and films, raked in over $10.8 billion, driven largely by a hot summer box office season. disney also raised its guidance for the year ahead, sending its stock up over 10% on wall street. us presidentjoe biden and china's xijinping are in peru for the asia—pacific economic cooperation forum, where leaders representing around two—thirds of the global economy are gathering. the chinese president has already inaugurated a new billion—dollar mega port in the country that would help build a new trade corridor between china and latin america. but there's an elephant

in the room — president—elect donald trump, who doesn't take office untiljanuary. nick marsh has been looking at what this year's summit may bring. so much has changed since president xi and biden first met. a year ago, president xi and biden first met. a yearago, it president xi and biden first met. a year ago, it was a meeting of two heavyweights with the power to shape the world economy. this time, it will be little more than a goodbye. it is apec races itself for trump 2.0, this is an opportunity for ageing jousset the tone before he takes office —— for beijing to set the tone. takes office -- for bei'ing to set the tone.�* takes office -- for bei'ing to set the tone. when i saw you have this _ set the tone. when i saw you have this group? _ set the tone. when i saw you have this group? not - set the tone. when i saw you have this group? not for - have this group? not for another year. this would actually be a very good opportunity for the chinese team as a whole to have that connection as well.- team as a whole to have that connection as well. during his first term. — connection as well. during his first term, trump _ connection as well. during his first term, trump placed - first term, trump placed tarriffs on more than $300 billion worth of chinese goods.

biden kept them in place as well, by the way. he was also pretty tough on crime and in some cases even tougher. the thing is trump will probably go even further than that. so if you are in asia pacific country, what is going to happen? there's going to be an influx of cheap chinese made goods coming into your market because they cannot be sold to america? or a chinese company is going to invest in manufacturing in your to get around those tariffs? we don't know, but either way, the reality is that china is a much bigger trading partner already for these countries and the us is and tarriffs may make that situation even worse for america. situation even worse for america-— america. we have seen incredible _ america. we have seen incredible changes - america. we have seen incredible changes in i america. we have seen| incredible changes in us positions that would have been unthinkable in the past, happening now. so the us is definitely less reliable, a lot more uncertainty, a lot more risk attached to trading with the united states. we've already seen firms across the

region, foreshore, are thinking twice about do i want the us to remain a market for my product? some people have even said this could be the last appearance of the us president at apec for quite some time because frankly, donald trump doesn't really believe in multilateral treaties or international trade blocks. his philosophy is america first, which by extension means everyone else second. how exactly apec is going to negotiate this and how the world economy is going to negotiate this for the next four years, negotiate this for the next fouryears, is negotiate this for the next four years, is anyone's guess. in recent months, some of uk's high—end food producers have fallen foul of a scam. customers pretending to place orders for a french supermarket have collected and disappeared without paying. reportedly, the food is heading to russia, where sanctions have prevented the sale of european luxury items, including food. the incident first came the incident first came to light from a cheese to light from a cheese order worth $400,000. order worth $400,000. also caught in the scam, also caught in the scam, a fish smokehousejust a fish smokehousejust outside of london. outside of london. the business owner the business owner

told us what happened. told us what happened. i got i got igotan i got an e—mail early august igotan i got an e—mail early august from someone pretending to be from someone pretending to be the buyer for a the buyer for a from someone pretending to be the buyerfor a french the buyer for a french from someone pretending to be the buyerfor a french the buyer for a french supermarket. supermarket. the buyerfor a french supermarket. he said that he the buyerfor a french supermarket. he said that he had heard of our products in had heard of our products in the market and had a good the market and had a good reputation, which seemed reputation, which seemed relatively plausible, and he relatively plausible, and he wanted substantial quantities wanted substantial quantities of smoked salmon supplied as a of smoked salmon supplied as a frozen line. i had a quick look frozen line. i had a quick look at the range that the at the range that the supermarket was offering and i supermarket was offering and i thought it seems like a fit, thought it seems like a fit, actually, and because it was actually, and because it was frozen, we were able been to frozen, we were able been to produce in stages and it was produce in stages and it was doable, so i said yeah, i think doable, so i said yeah, i think we can do this. the stock value we can do this. the stock value to us was 28 point £5,000 to us was 28 point £5,000 roughly so a considerable roughly so a felt order. and also, because we were not able to make of organising transport or doing the customs paperwork and paying of a customs agency charges, it was a really good bit of business for us but obviously, too good to be true.

the penny dropped for

going to happen. i mean, ifelt physically sick literally, for a day or two. couldn't eat, couldn't sleep, and everyone he was very, very distressed. it's a huge hit financially and, you know, in terms of your morale. it's really difficult. we are now bouncing back. we've got some distance on it. we've got christmas ahead, we going to crack on, we still have legitimate organs going over to france and spain, so that's fine, but it takes a lot to recover from something like that and i said to people that when you get an enquiry, which comes as a straight line to you whether through e—mail or phone, take the enquiry, look at it but then immediately seek to verify that by going around and looking at it from a different angle. so if, for example, an enquiry comes by e—mailfrom any example, an enquiry comes by e—mail from any supermarket or any big buyer, whether it is a uk or eu or abroad, then try to find the main switchboard and asked to be put through. i don't believe everything in the e—mail, immediately verify

elsewhere. e-mail, immediately verify elsewhere.— e-mail, immediately verify elsewhere. �*, ., ., , elsewhere. there's more on this sto in elsewhere. there's more on this story in talking _ elsewhere. there's more on this story in talking business. - tadhg enright looks at how companies can protect from themselves from this type of fraud. as well as why men more than women look likely to fiddle their business expenses. and that's it for this edition of business today. thanks for watching.

hey, it's lucy with the catch up. tonight: prison corruption, more wins for trump, and silence in south korea. first tonight: the bbc has been told about prison officers dealing drugs and asking inmates for sex. a record 165 prison staff were sacked for misconduct in the year tojune 2024 — that's an increase of 34% on the previous year. we heard from a serving prison officer who wished to remain anonymous. there's a power dynamic and prison officers feel like they can do what they want, like asking them for sex. they can make life difficult for those inside, and they know that. a former governor of large prisons told the bbc that corruption is now "a greater problem than it has ever been" and blamed it on inexperienced staff, poorvetting and training. the ministry ofjustice say they are "catching more "of the small minority who break the rules "and strengthening

vetting processes". republicans have won the house of representatives, giving the party full control of congress. congress passes laws in the us. that means donald trump will have a lot of power when he takes office in january. over the last few days, he's been picking his top team and today saw a pretty controversial pick, matt gaetz will be america's chief law enforcement officer. he's a loyal trump supporter but he's been facing accusations of sexual misconduct and drug use — which he denies. some other stories now. pharmacy owners in wales, northern ireland and england have voted in favour of cutting opening hours and stopping home deliveries — that's in a protest over government funding. and a baby red panda has sadly died at edinburgh zoo. three—month—old roxie is believed to have died because of stress caused by fireworks on bonfire night. and now, ten seconds of silence. # apt, apt... just kidding! but that's what is happening in south korea as students sitan exam. songs like this have been deemed forbidden by some people who feared its catchiness could cause them to lose focus. that's us for tonight. have a good one.

hello and welcome to sportsday. i'm jane dougall. nine players missing, no problem: england score three to beat greece in the nations league. three wins from three forjannik sinner, who's knocked out daniil medvedev at the atp finals. and mark cavendish says he was too old for the last three years of his career: the former world champion speaks about his retirement from professional cycling. hello there. with so many players dropping out of england's squad ahead of their match against greece, there was a concern that the scoreline might be affected. however, that was not the case.

england comfortably beat greece 3—0 with a goal from curtisjones on his debut. it leaves england top of their nations league group. well, our sports correspondent andy swiss is in athens for us. well, after england's build—up to this match had been affected by nine players pulling out, this was really some performance. surprisingly, they left captain harry kane out of the starting line—up but the man that took his place certainly made his mark, ollie watkins putting england ahead with a neat finish. but greece, remember, beat england at wembley last month and they soon posed some problems. kostas tsimikas had a shot brilliantly saved byjordan pickford as england led 1—0 at the break. but after the break, england really took control. they scored their second when a shot from jude bellingham hit the post and then hit the unfortunate greece goal keeper before ending up

in the back of the net.