discussions, given he has criticised the imf, the world bank and world trade organisation previously. a professor gave us her view for the outlook on the talks. it is difficult decision for him to be in, and a lame duck president, he has already been in the back at the apec meeting. he is essentially trying to put his legacy and make sense of the successes he had and also try to reassure world leaders that things are going to be ok with another four years of donald trump. brazil the hosts have said they want the focus on tackling poverty and hunger and boosting climate finance. with the recent developments in ukraine, do you see that overshadowing some of these economic achievements the 620 was wanting to yield? i think the security concerns are very pressing and it's going to be at the forefront of everyone�*s mind, notjust

in ukraine but also what might happen with taiwan now donald trump will come back into office. you're an expert on china, how do you see the country behaving at this g20? xijinping is happy to be there, it's a really good opportunity for china to reset itself on the world stage and to fill the void the us may leave now that we are changing presidents. speaking of changing presidents, we talk about trump 2.0, he was a regular critic of the imf, the world bank and the wto. how do you see these international discussions and institutions faring in the next trump presidency? we may see more of what we saw in those four years where trump continues to go in a different direction. looking to bilateral relations, not really engaging in these international organisations, and even causing more harm to things like the wto,

which will further erode some of these international institutions that countries have spent so long to build up. with trump having this america first philosophy, we saw many countries in asia struggling under the first presidency with trade tariffs and the like. do you think countries here are likely preparing for those potential changes that could come again? yes, trump said he would do 60% tariff for all imports from china and 20% from the rest of the world. at this point, we have to take him at his word and make those preparations. markets in asia are trading mostly higher, japan's nikkei indexis mostly higher, japan's nikkei index is down 0.75%. china is up index is down 0.75%. china is up 1%, following the recent downward trend after the us presidential election, with investors worrying about the section between beijing and washington getting worse and a second trump residency. an economist gave us a better view

about which sectors could be more vulnerable when trump's second term begins injanuary. i think for china's equity markets, there has been a little bit of volatility around the new administration in the us after the elections. that was because the market worrying about potential rising tensions between china and the us. but again, china's equity market has been performing well in recent days as well, when stimulus was announced. so there now appears to be a strong consensus among chinese policymakers to put a floor under the downside risks to the growth of the economy right now. talking about the various sectors likely to be impacted, which sectors of the chinese economy do you feel are most likely fearing it? i think if the market is assuming higher rising tariffs coming to china, the immediate and direct impact will likely most be felt by export—oriented sectors, some manufacturing sectors

might be hurt by rising tariffs depending how steep they are. but over the long run, china's rebalancing will likely continue. we already knew the property sector was under stress. if the policy stimulus could be delivered in a more appropriate and timely way, we would probably see more rebalancing in the chinese economy as a whole. in recent months we have spoken about this multi—pronged policy stimulus from beijing when it comes to interest rates, hopes for more direct fiscal stimulus... where is it now, what is the latest developments? we can probably understand china's stimulus package in the four pillars approach, liquidity, helping resolve debt risks for local government, focusing more on the property sector, lingering issues, and lastly

trying to deliver also slightly targeted reflationary measures to boost growth. right now we have heard a lot more about the first two pillars of growth, liquidity and interest rate cuts, as well as delivering a 12 trillion stimulus package over the next five years to resolve local government debt issues. so over the next few quarters, we have a few more important meetings from chinese policymakers, which hopefully will deliver on the next two pillars, the property sector as well as the focus on the recovery of consumption growth. in the last half hour, we hear shanghai is going to reduce taxes on real estate to boost the property market. turning to india, further restrictions on construction activity and vehicles have been placed in the capital delhi, coming into effect on monday to combat worsening air pollution. all diesel trucks except those carrying essential items have been banned from entering the city. work on public loading project has been suspended.

the measures were announced after an emergency meeting on sunday to discuss the deteriorating air quality which has now been categorised as severe plus. generative ai is transforming industries across the world. and now it's changing the travel sector as well. the boss of booking holdings, the parent company of booking.com, envisages that online trip planning will become easier, almost like you are interacting with a human being in a travel agency, but the regulatory landscape is holding them back on planning future innovations, he says. here is more from the interview. travel has usually increased faster than gdp for decades, so that is a good measure to start with. it's going to go a bit where it been going, good, and then we say, ok, are we going to get a bigger share of the travel industry? and we say, we think we are, we have some tailwinds

favour us and others like us, because of the change from offline to online, the way you used to buy travel can now in a digital commerce way, that's good for us. then you think about, look, are we going to do things better than other people who are digitally communicating with buyers? we think we will. things like ai, generative ai in particular, means better services and better products for the consumer. what is your outlook for the us consumer? look, iam pleased inflation has come down from a very high rate not long ago in the us and europe, but the truth is, when there is a strong inflation, it increases the price of the cost of travel certainly, but also people are getting paid more. so when you look at it, inflation is notjust how much things cost, it's how well people are being paid, and even during the worst part of inflation, we were still having very good numbers. speaking of improvements for the consumer, you have invested in ai—powered features for trip planning.

how much of a bigger role do you expect al to play in the future growth of your business? it is a very small part of the overall customer base that is interacting with the products and services we have already rolled out. they are very early. i play with them. sometimes they are phenomenal and i'm like, wow, this is great. sometimes i'm like, huh, this isn't very good. the fact is at some point, my vision, you will be able to communicate with what we call our ai trip plannerfor booking.com or other things, and it will be as if you are dealing with a human being. the way you used to do it if you went into a high street shop. i want to switch to talk about regulation, the european commission have said booking holdings has the gatekeeper regulatory status under their digital markets act, and they were

trying to crack down on some of the tech giants, google, apple, so how are you viewing this and what kind of solutions are you coming up with to comply? i've been through a whole bunch of regulatory issues that have come up recently that we have to comply with. that's the law. we are trying to create better services and better products for our customers. but it's slower because we have to divert the attention to make sure we are doing what is appropriate to meet the regulations. you know, i'm all in favour of rules and regulations, i would just like it to apply to everybody equally. the boss of booking.com. netflix says 60 million households worldwide tuned in live to see mike tyson take on jake paul in theirfirst live to see mike tyson take on jake paul in their first foray into live boxing. the event was free for subscribers and has been hailed as a record breaking night. it wasn't all

good news for netflix, many viewers experienced streaming glitches and buffering issues through the fight. the nikkei indexis through the fight. the nikkei index is currently down 0.75%. that's all we have time for on this edition of business today, thanks for watching.

hello and welcome to sportsday, with me, chetan pathak. coming up on the programme, a five—star second—half performance from england, who returned to the top tier of the nations league in emphatic style. ending the season in style — rory mcilroy wins the dp world tour championship and his sixth race to dubai title, matching seve ballesteros�* record. and, all smiles —

emma raducanu and katie boulter help great britain reach the semi—finals of the billie jean king cup. welcome along. thank you forjoining us. we start with football, and england have won promotion to the top tier of the nations league after they concluded their campaign with a comprehensive 5—0 win over republic of ireland. natalie pirks was watching at wembley. well, a distinctly frustrating first half, where ireland defended robustly, soon gave way to a pulsating second half from an english perspective. their party started when liam scales was sent off for a tackle in the box onjude bellingham. england's captain harry kane scored the penalty and then the floodgates opened. what followed were five goals inside 26 minutes, four of which were the player's

first for their country. anthony gordon, conor gallagher, jarrod bowen, just 30 seconds after coming off the bench with his first touch, and taylor harwood—bellis all scoring for england. and that emphatic win meant lee carsley had handed eight players their debuts. and with all the talk of the players that weren't here, the players that were did a fantasticjob. for new manager thomas tuchel, it's great because he's avoided having to go straight into nations league play—offs. they've been promoted back to the nations league group a, and he can go straight into world cup qualifiers. carsley leaves here after a job well done — six games, five wins, 16 goals and, as i say, eight debutants. so he hands over the reins and the scrutiny, of course, everything that comes with the england job, with a squad in rude health, and now thomas tuchel will have 18 months to try and bring the world cup back here to england. no pressure. there's a bit of relief. um, you know, i suppose if we'd have, if we'd have spoke

at the start of the campaign, we probably