stella ntis yea r. stellantis year. is the parent company stellantis is the parent company of some of the world's most recognised brands. now, for more on this, let's cross to our asia business reporter. great to speak to you about this story. stellantis has different views emerging between the order mr tavares. what do you went wrong? thanks for havin: what do you went wrong? thanks for having me- — what do you went wrong? thanks for having me. what _ what do you went wrong? thanks for having me. what didn't - what do you went wrong? thanks for having me. what didn't go - for having me. what didn't go wrong i guess is another way of putting it. carlos uprated has been saddled with a little difficult complexities at his sprawling business. it is a global business struggling to make huge markets in the united states and europe, and in the us in particular, things kind of had gone off the rails. sales are way down, the inventories are away bloated, product has been late, brand values have been damaged a little bit and incentives are soaring. i have a little bit of

fixing to do in the united states, and i think the board just got tired of waiting. they said earlier this fall actually that they were going to replace him and that he would step down, that was already agreed to so this news is not especially shocking, but what is surprising is the speed with which it happened. they originally said he would serve out his term through 2026 but in they announced over the weekend that it was effective december the first. so that may be indicates they have somebody already lined up or that the urgency of fixing the problem was just too urgent. he urgency of fixing the problem wasjust too urgent.— wasjust too urgent. he was considered _ wasjust too urgent. he was considered to _ wasjust too urgent. he was considered to be _ wasjust too urgent. he was considered to be one - wasjust too urgent. he was considered to be one of - wasjust too urgent. he was considered to be one of the | considered to be one of the most powerful people in the auto industry. help us understand better how accurate it was such a big player.- it was such a big player. well, it was such a big player. well, it was such a big player. well, it was kind — it was such a big player. well, it was kind of _ it was such a big player. well, it was kind of a _ it was such a big player. well, it was kind of a rising - it was such a big player. well, it was kind of a rising star - it was kind of a rising star at nissan where he honed his chops as a turnaround artist under then ceo and chairman carlos ghosn actually. so he was known

for being able to turnaround companies that were troubled and he would then become the head of the psa group, and then health engineer, —— health engineer, this new company of stellantis, accommodation of stella ntis, accommodation of psa stellantis, accommodation of psa from france and fca, which was the fiat kriesler automotive group from, based in italy and the united states. putting that altogether was a very, very, related tasks, he initially did a good job by trimming outa initially did a good job by trimming out a lot of the fact and overlap through cost—cutting. standardisation and streamlining the business. but there is only so much that you can cut before you start to bone, and that is where the rubber hit the road in recent times, where critics would say he was just cost—cutting too much and delaying products, and also hurting quality. just much and delaying products, and also hurting quality.— also hurting quality. just one cuick also hurting quality. just one quick question _ also hurting quality. just one quick question for _ also hurting quality. just one quick question for you, - also hurting quality. just one quick question for you, you | quick question for you, you mention nissan. they are also

facing challenges. what is the biggest challenge they have? their problems are very similar, actually. they are in... the united states is its big cash cow and they are also late on product. new product, that is. they have bloated inventories and they have two jack up the incentives to stoke sales, but despite all that, they can't get enough momentum on volume even through that measure. so they are really in a profit pinch now and the ceo is promising a revamp, which includes up to 9000 job cuts and production cutbacks and its own executive shuffle there as well. so they have a lot of fixing up to do as well. thank ou fixing up to do as well. thank you very _ fixing up to do as well. thank you very much _ fixing up to do as well. thank you very much for _ fixing up to do as well. thank you very much for your- fixing up to do as well. thank i you very much for your thoughts today. we appreciate your thoughts. bangladesh is seeking to renegotiate a power deal with india's and adani group.

the founder is facing allegations by us authorities that he was part of a $265 million bribery scheme. tried he denies. we have more from delhi. this was an interview. tell us more.— tell us more. that is right, that is where _ tell us more. that is right, that is where we _ tell us more. that is right, that is where we pick - tell us more. that is right, that is where we pick up i tell us more. that is right, . that is where we pick up from, but essentially what we understand is the interim government in bangladesh has addressed a desire to be a renegotiation of the terms of the deal stitched up in 2017 with the adani group. they are looking to significantly lower the power tariffs, which they are not happy about. on 22—23, the adani group charged the highest tariffs power, much higher compared to other state—owned companies, and essentially the argument that the bangladesh interim government and authorities have been giving as a tax exemptions that this power plant in eastern india is enjoying has not been passed down to benefit

bangladesh as well. so they are looking for ways in which this can have, can we looked at again. they have also flagged into the adani group. we are yet to hear on the adani group especially after this interview, but in the past they said theiraim is interview, but in the past they said their aim is to provide significantly lower cost to the end consumer. but as you pointed out, the general environment that this is coming under is certainly at a time when the adani group has been facing a lot of pressure given those indictment proceedings in the us against the adani group, charges the adani group has our brightly denied repeatedly. but the bangladesh interim government has initiated investigations and several of these deals. this one particular which was stitched during the ex— prime minister who was obviously shared better relations with the indian government. geopolitics and economics we are seeing take shape in the months ahead. but what we are expecting is the

port monitor investigation is likely to be completed by february so the minister will give that interview to the writers. we will see what the findings are of that and also ensuring all the other deals made with the adani group for within the purview of law and international arbitration as well. . ~ international arbitration as well. . , . ., well. thank you very much for caettin well. thank you very much for getting us _ well. thank you very much for getting us across _ well. thank you very much for getting us across all - well. thank you very much for getting us across all those - getting us across all those developments, speaking to us from delhi. the tesla chair robert and i will lead a review on australia was a resident development landscape in an effort to improve economic work. they are trying to strengthen links between research and industry. israeli remains heavily reliant on its natural resources and has trouble to diversify its economy of the tesla chief executive elon musk recently criticised the australian government or its policies towards technology companies, including the decision last week to ban social media under 16 —year—olds. staying with australia, the other federal government has held a parliamentary enquiry looking into the challenges in the live music industry.

venues have been shutting down and majorfestivals have had to cancel events. but the appetite for the international acts remains robust. phil mercer has more. 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. many can barely make a living. i think it is really quite sad. i wish that australians would put 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. many venues are facing higher insurance and other costs. on top of that,

audiences are staying away because of cost—of—living pressures. small to medium venues are under pressure to survive. venue sustainability is a critical part of the puzzle. you lose a venue, you lose a community, you lose the infrastructure, and they go, they don't come back. australia, though, is trying to reinvigorate its music industry. a 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 run for four years by alison avron. but rising business costs and an expensive noise dispute with neighbours have forced her to close the popular venue. my soul had been ripped out. i'd let so many people down. it wasn'tjust me.

you know, my agents lost theirjobs, my staff lost theirjobs, and then the musicians and the gigs that were coming up. it caused such a stir. while many small to medium venues are struggling, interesting is big acts are sky high. more than half a million fans flocked to see taylor swift on her australian tour. katy perry and taylor swift put on a good show and they've got the money to do it and people want to know that when they go out, they are going to be entertained. they don't really want to take as many risk. music gives a voice to culture, but in australia, parts of the industry are facing a battle to rediscover their rhythm. phil mercer, bbc news, sydney. disney's moana disney's moa na was disney's moana was a box office hit in the us during the thanksgiving holiday, racking up thanksgiving holiday, racking up a record $221 million in ticket sales. that figure is over 100 million more than analysts predicted and eight

frozen which was released at the same time in 2019. it was a huge holiday for movies in general with wicked and gladiator fuel general with wicked and gladiatorfuel in general with wicked and gladiator fuel in ticket sales. —— fuelling. that is it for this edition of business today. thanks for watching.

hello. i'm olly foster. here is what is coming up for you on sports day. can anyone catch liverpool? arne slot�*s side go nine points clear at the top of the premier league after beating the 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. welcome along. liverpool have moved nine points clear at the top of the premier league after a deserved 2—0 win over champions manchester city at anfield. city have slipped down to fifth in the table after their fourth league defeat in a row. it's now seven games without a win in all competitions. our reporterjoe lynskey was at the match. well, we knew before this fixture just how significant the result would be here for both liverpool and manchester city. for the home side notjust 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, they do tend to be slow starters, they've never come back from more than ten points behind to win the premier league title.

for city now, it is six defeats from seven in all competitions,