it wasn't as rosy a picture on the industrial production 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 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. 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 think 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. speaking of china, president xi jinping and outgoing us

presidentjoe biden are in peru for the forum. that is where leaders are gathering. the chinese leader has already inaugurated a new billion—dollar mega in the country that would help build a new trade corridor between china and latin america. but there is an elephant in the room. president—elect donald trump doesn't take office until january. nick marsh has been looking at what this year's summit may bring. so much has changed since presidency and president biden last met. a year ago it was two heady —— heavyweights. this time it will be little more than goodbye. as a peck braces itself for trump 2.0 it is an opportunity for beijing to set the tone before he takes office.— he takes office. when elsie auoin to he takes office. when elsie going to have _ he takes office. when elsie going to have this - he takes office. when elsie going to have this group? i he takes office. when elsie i going to have this group? the answer is not relbia when else are you going to have. this would be a very good opportunity for the chinese team, as a whole, to have that

connection as well.— connection as well. during his first term _ connection as well. during his first term trump _ connection as well. during his first term trump less - connection as well. during his first term trump less tariffs i first term trump less tariffs on more than $300 billion worth of chinese goods. i'd get them in place as well, by the way, he was also pretty tough on china, in some cases even tougher. the thing is, trouble probably go even further than that. so if you are in asia pacific country what is going to happen? is there going to be an influx of cheap chinese made goods coming into your market because they can't be sold to america? 0rare because they can't be sold to america? or are chinese company is going to invest in manufacturing in your country to try 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 than in the us is an tarus may make that situation even worse for america. we've seen incredible, _ even worse for america. we've seen incredible, you _ even worse for america. we've seen incredible, you know, - seen incredible, you know, 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 have already seen firms across the region for sure who are thinking twice about do i wants the us to remain a market for my products?— the us to remain a market for my products? some people have even said this _ my products? some people have even said this could _ my products? some people have even said this could be _ my products? some people have even said this could be the - even said this could be the last appearance of a us president at apec for quite some time because, ransley, donald trump doesn't really believe in multilateral treaties or international trade block —— frankly. his philosophy is america first which, by extension, means everyone else second. how exactly apec is going to negotiators, how the world economy is going to negotiators for the next four years as anyone's guess. nick marsh there. meanwhile, federal reserve chad grimm palazzani optimistic about the recent performance of the us economy, saying policymakers can now take their time when it comes to lowering interest rates. 0ur 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 chair jerome powell. speaking st a 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. —— policy rate. 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. in recent months some of the uk's ayane food producers foul of a scam. customers pretending to place orders reference supermarket have collected and disappeared without playing —— bank. reportedly food is adding to russia were sanctions have prevented the sale of european luxury items including food.

these are diverse came to light from a cheese order worth $400,000. also course in the scam for smokehouse outside of london. the owner told us what happened. got london. the owner told us what happened-— happened. got an e-mail early au:ust happened. got an e-mail early august from — happened. got an e-mail early august from someone - happened. got an e-mail early i august from someone pretending to be the buyerfor a august from someone pretending to be the buyer for a friend supermarket. he said he had heard of our product in the french market and it had a good reputation, which seemed relatively plausible, and he wanted substantial oddities of smoked salmon supplied as a frozen line. i've had a quick look at the range that supermarket was offering and i thought that seems like a fit, actually, and because it was frozen we were able then to produce in stages and it was doable. so i said, yeah, think we can do this. the stock value to us was £28,500, roughly, it was a considerable order. and also because we were not organising transport and were not having to do all the customs paperwork and pay the

customs paperwork and pay the customs agency charges it was a really good bit of business for us. but obviously too good to be true. the penny dropped for me on friday 11 october. i said when are we going to be paid because we need them before we release the second one, and the e—mail came back and said we will pay for the first order and the second order together when the second order is released. why contested this. i said this is not what we agreed. and i thought that doesn't really sound like a supermarket, that doesn't sound credible. and it was then the next day that i started to do more digging and realised that these people were fraudsters and they had been conned. i've felt incredibly embarrassed, ashamed, gutted for everybody here, because everybody was super excited. you know, we had really, really work so hard to make sure we could do this and do it properly. the amount of care that had gone into es sider, quality control, making sure everything had the perfect colour, perfect trim. there is

a loss of love in that product. and then obviously the staff knew that this was not going to happen. i've felt physically sick. literally. fora day happen. i've felt physically sick. literally. for a day or two couldn't eat, couldn't sleep. and everybody he was very, very distressed. it is a huge hit financially and, you know, in terms of your morale. it's really difficult. we are now bouncing back, we got some distance on it, we've got christmas ahead, we will crack on, we still have legitimate orders going over to france and spain, so that is 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 round and looking at it from a different angle. so if, for example, an enquiry comes by e—mailfrom any supermarket or any big fire, whether it is uk or eu or abroad, try to phone the main switchboard and asked to be put

through. so don't believe everything in the e—mail, immediately verify elsewhere. for more on this story and others check out this week's talking business, my colleague tadhg enright looks at how properties can protect themselves in this type of fraud, as well is why men are more likely than women to fill business expenses. that is it for today's edition of business today. i will see you soon again.

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. 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's 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, 0llie watkins putting england ahead with a neat finish.