for more their value this year. for more on this, let's cross to our reporter. tell us how significant this development is. carlos tava res is carlos tavares is known as one of the most respected executives in the auto industries, so this is news he would step down and with immediate effect seems very significant. and they very abrupt exit as well. still lantus is a massive auto company and has some of the world's most well—known brands under its banner. jeep, fiat, peugeot, chrysler to name a few. 1a in total. so he was seen as one of the most powerful people in the global motor industry. stellantis says that different views have emerged in recent weeks among major shareholders, the board and mr tavares, resulting in a ceo's resignation. some clues

there perhaps. do we know why he may have resigned? we don't, but we know _ he may have resigned? we don't, but we know the _ he may have resigned? we don't, but we know the company - he may have resigned? we don't, but we know the company has - but we know the company has been facing declining sales in north america, in particular, and that led to issue a profit warning back in september, which included a forecast for cash burn of up to 10.6 billion dollars. since then, mr tavares�*s approach has been under scrutiny, tavares�*s approach has been underscrutiny, his tavares�*s approach has been under scrutiny, his outspoken sale sometimes has seen him in conflict with unions in the us and even the italian government over decisions there to reduce auto production.— over decisions there to reduce auto production. maybe we will know more _ auto production. maybe we will know more in _ auto production. maybe we will know more in the _ auto production. maybe we will know more in the hours - auto production. maybe we will know more in the hours ahead. j know more in the hours ahead. thank you very much for that. our asia business report in a 0ur asia business report in a singapore newsroom. let's move to china and more data that has just been released shows that stimulus measures we saw in september are slowly trickling through to the wider economy. it comes after government data released over the weekend showed factory activities

expanding for a second straight month in november. a slightly rosier outlook for now but will the tariff proposals threaten that? economist gave his reaction on how the chinese economy is doing. the manufacturing - economy is doing. the manufacturing data i economy is doing. the manufacturing data as| economy is doing. tue manufacturing data as you economy is doing. tte manufacturing data as you say, a bit better than expected, showing expansion for two consecutive months. context is important here. that comes after a very weak stretch of data before that. there is potentially some signs that some of those stimulus measures over the last couple of weeks and months are starting to have and months are starting to have a bit of an effect, at least on the periphery, but there is also certainly some temporary factors at play here stop tariffs being one of them, perversely before the implementation they actually incentivise firms to bring forward to get ahead of those extra costs tariffs impose on seeing a bit of that come through in exports from china to the us and that is feeding through to the pmi data as well. changes are tariffs actually come into effect next year. actually come into effect next

ear. ., ., ,., year. then the government also thinkin: year. then the government also thinking about _ year. then the government also thinking about how _ year. then the government also thinking about how they - year. then the government also thinking about how they are - thinking about how they are going to address these tariff threats from trump? absolutely. from a third _ threats from trump? absolutely. from a third perspective - threats from trump? absolutely. from a third perspective it - threats from trump? absolutely. from a third perspective it is - from a third perspective it is about trying to find new markets to be able to send what you are making. can you find alternative markets around the world? incredibly tricky because we do not have another market like the us to be able to sell to. you then have to look domestically. we know the domestic economy is incredibly weak at the moment. that really has to be where officials put their focus to try to spur household spending will be able to absorb some of the extra capacity that is going to be left when these tariffs take effect. in terms of what officials do with retaliation officials do with retaliation of tariffs, that is very likely if we see tariffs continue to pile up from president—elect trump. you need to have that level playing field in negotiations to be able to hopefully ring them back down. some potentially good news for employees in asia. salary hikes

for next year are expected to be higher compared with this year. according to a new trends report. wages in vietnam projected to increase the highest by nearly 7% of singapore meanwhile maisie the small rise of around 4.5%. the report also flagged that 64% of companies in the region are facing challenges in hiring and retaining employees. the study was performed by a professional services firm. they slain why salaries are due to increase next year. salaries are due to increase next year-— next year. the ability to retain top _ next year. the ability to retain top talent - next year. the ability to retain top talent has - next year. the ability to - retain top talent has moved from nine to numberfour in the recent survey we conducted. there is a loft, the assumption of the system but it is not so. companies are converging towards talent which is essential to manage the risks, hence there is a mix of the ability for that performance, the ability to retain top

talent, turnover is still at a high at 15% and salaries increasing in the region. t5 increasing in the region. is that the fact that whenever we see changes in employment and large layoffs from big companies, the truth still remains that those that are most in demand will still remain to be in demand? the risks companies _ remain to be in demand? t'te: risks companies are remain to be in demand? tte: risks companies are fixing remain to be in demand? tt2 risks companies are fixing —— experiencing, they could be related to cyber and artificial intelligence and supply chains are shifting in the world. that creates a demand in the supply is not heating up. while there may be news around companies laying off, they still have skills they are fighting for. vietnam seems to be seeing largest increases. the growth rate is projected _ largest increases. the growth rate is projected to _ largest increases. the growth rate is projected to the - rate is projected to the economy like singapore which is developed, so developing economies have higher rates as companies try to manage people costs across the region, that

creates a low base effect, prove a higher salary increases.— prove a higher salary increases. ~ , ., increases. kizzire australia's federal government - increases. kizzire australia's federal government held . increases. kizzire australia's federal government held a i federal government held a parliamentary enquiry looking into the challenges in the life music industry. venues have been shutting down in major festivals have had to cancel events. but the appetite for the international acts remains robust. phil mercer explains. live music was once the soundtrack to a thriving industry in australia. but a decline that began with the covid—19 pandemic and lockdowns has continued. musicians say it is the biggest crisis they faced in a generation. any can barely make a living. t faced in a generation. any can barely make a living.- barely make a living. i think it is really — barely make a living. i think it is really quite _ barely make a living. i think it is really quite sad. - barely make a living. i think it is really quite sad. i wish | it is really quite sad. i wish that australians would as much energy into music as they do with sport. i think culturally music is not very respected. since i have been singing here,

i think the standard fee for a musician hasn't changed. in fact it's gone down.- musician hasn't changed. in fact it's gone down. venues are facin: fact it's gone down. venues are facing higher— fact it's gone down. venues are facing higher insurance - fact it's gone down. venues are facing higher insurance and - facing higher insurance and other costs. 0n facing higher insurance and other costs. on top of that, audiences are staying away because of cost of living pressures.— because of cost of living ressures. ,, ., ., pressures. small to medium venues are _ pressures. small to medium venues are under— pressures. small to medium venues are under pressure l pressures. small to medium| venues are under pressure to survive the venue sustainability is a critical part of the puzzle. you lose a venue, you lose a community infrastructure and they don't come back. infrastructure and they don't come back-— infrastructure and they don't come back. �* , ., ., ., come back. australia, though, ist in: come back. australia, though, is trying to _ come back. australia, though, is trying to reinvigorate - come back. australia, though, is trying to reinvigorate its - is trying to reinvigorate its music industry, national development agency was set up last year to provide support and investment. the federal parliament is also investigating the sector's challenges and opportunities. the aim is to bring the audiences back. the great club in sydney was for four years by alison avalon. but rising

business costs and that expensive noise dispute with neighbours have forced her to close a popular venue. mr; neighbours have forced her to close a popular venue. my soul had been _ close a popular venue. my soul had been ripped _ close a popular venue. my soul had been ripped out. _ close a popular venue. my soul had been ripped out. i - close a popular venue. my soul had been ripped out. i let- close a popular venue. my soul had been ripped out. i let so i had been ripped out. i let so many people down. it wasn't just me. my agent lost their jobs, my staff lost their jobs, and then the musicians and jobs, my staff lost their jobs, then the musicians and nagging that were coming up. it and then the musicians and nagging that were coming up. it caused such a stir.— caused such a stir.— caused such a stir. while many small to medium _ caused such a stir. while many caused such a stir. while many small to medium _ caused such a stir. while many small to medium venues - caused such a stir. while many small to medium venues are i small to medium venues are small to medium venues - caused such a stir. while many small to medium venues are i small to medium venues are struggling, arresting big taxes struggling, arresting big taxes sky more than half a million sky more than half a million fans flocked to see taylor fans flocked to see taylor swift on her australian tour. swift on her australian tour. katy perry and taylor swift put katy perry and taylor swift put on a good show and they've got on a good show and they've got the money to do it and people the money to do it and people want to know that when they go want to know that when they go out, they are going to be out, they are going to be entertained. they don't really entertained. they don't really want to take as many risk. want to take as many risk. music gives a voice to culture, music gives a voice to culture, but in australia, parts of the but in australia, parts of the industry are facing a battle to industry are facing a battle to rediscover their rhythm. phil rediscover their rhythm. phil mercer, bbc news. sydney. we mercer, bbc news. sydney. we

will stay with interstate — the entertainment industry but focus on the box office news for you. focus on the box office news foryou. disney's focus on the box office news for you. disney's noella two was a box office hit in the us during the thanksgiving holiday, it

during the thanksgiving holid executive i .. . ., .. 2. during the thanksgiving holid executive elona— — .. —— 2— during the thanksgiving holid executive elon musk —— 22 chief executive elon musk has recently criticised the australian government for its policies towards technology companies, including the decision last week to ban social media under 16. but is it for this edition of business today. thanks for watching.

hello and welcome to sportsday. can anyone catch liverpool? arne slot�*s side go nine points clear at the top of the premier peague after beating champions manchester city. chaos in qatar with crashes and safety cars in formula 1's penultimate race of the season. and trump takes another triple crown title, coming out on top in the uk championship final. hello there. we'll come along. —— welcome along.

liverpool have moved nine points clear at the top of the premier league after a deserved 2—0 win over the champions manchester city at anfield. city have slipped down to fifth after their fourth league defeat in a row, and it's now seven games without a win in all competitions. 0ur reporterjoe lynskey was at the match. well, we knew before the fixture just how significant the result would be here for both liverpool and manchester city. for the home side not just to win, but to do so so comfortably could represent a giant step for them in this title race. that lead for liverpool over manchester city is now 11 points. and though city tend to be slow starters, they've never come back from more than ten points back to win the premier league title. it is six defeats for manchester city, four defeats in a row in the premier league. there will have to be more soul searching for pep guardiola's team as they approach this busy period of fixtures starting

against nottingham forest at home on wednesday.