lose 1.096 of seen their shares lose 40% of their value this year. stellantis is the parent company of some of the world's most recognised brands, including vauxhall and jeep. what didn't go wrong, i guess, is another way to put it — carlos tava res has is another way to put it — carlos tavares has been saddled with a lot of difficult complexities at his sprawling business. it's a global business. it's a global business straddling two huge markets in the united states and in europe. and in the united states in particular, things kind of had gone off the rails. sales are way down. the inventories are way bloated. products have been late. the brand values have been damaged a bit. and incentives are soaring. so they have a lot 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 psa group, and then helped eng his er the creation of this psa group, and then helped eng his term creation of this psa group, and then helped eng his term through of this psa group, and then helped eng his term through 2026,; psa group, and then helped then they announced over the eng his term through 2026, but out his term through 2026, but then they announced over the weekend that it was effective weekend that it was effective december first. december first. weekend that it was effective decemberfirst. so weekend that it was effective december first. so that maybe weekend that it was effective decemberfirst. so weekend that it was effective december first. so that maybe indicates that they have somebody already lined up — or indicates that they have somebody already lined up — or that the urgency of fixing the that the urgency of fixing the problem was just too urgent. problem was just too urgent. tavares was considered to be tavares was considered to be one of the most powerful people one of the most powerful people in the auto industry. help us in the auto industry. help us understand better how understand better how stellantis is such a big stellantis is such a big player. stellantis is such a big -la er. ~ player. stellantis is such a big -la er. ~ stellantis is such a big .la er, . ., stellantis is such a big .la err ., ~' stellantis is such a big stellantis is such a big .la er, . ., stellantis is such a big .la err ., ~' stellantis is such a big .la er, . ., ~' ., player. well, he was a kind of a risin: .la er, . ., ~' ., player. well, he was a kind of a risin: player. well, he was a kind of a rising star — player. well, he was a kind of player. well, he was a kind of a rising star — player. well, he was a kind of a rising star at _ player. well, he was a kind of a rising star at nissan, - player. well, he was a kind of a rising star at nissan, where| a rising star at _ player. well, he was a kind of a rising star at nissan, - player. well, he was a kind of a rising star at nissan, where| a rising star at nissan, where he honed his chops as kind of a a rising star at nissan, where he honed his chops as kind of a turnaround artist under turnaround artist under then—ceo and chair man carl —— then—ceo and chair man carl —— carlos ghosn. he was known to carlos ghosn. he was known to being able to turn around being able to turn around companies that were troubled. companies that were troubled. he then became the head of the he then became the head of the psa group, and then helped psa group, and then helped

engineer the creation of this engineer the creation of this new company called stellantis, which was a combination of the psa group from france

big cash cow. they are also late on product, new product thatis, late on product, new product that is, and they have bloated inventories, and they have to jack up their 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, makoto ujera, is promising a revamp which includes up to 9,000 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. china's factory activity expanded at the fastest pace since september, leading to a solid rise in production. the data echoed figures that came out on the weekend which showed factory activity was up for a second straight month in november. analysts say the blitz of stimulus we saw in september may finally be

trickling through. bangladesh is seeking to renegotiate a power deal with india's embattled adani group. founder gautam adani is facing allegations by us authorities that he was part of a $265 million bribery scheme — charges he denies. more from new delhi. this was an interview bangladesh's de facto energy minister did with reuters. tell us more. the bangladeshi _ reuters. tell us more. the bangladeshi interim - reuters. tell us more. tue: bangladeshi interim government headed by muhammad yunus has expressed a desire that some of the terms and conditions and controls of that deal that were stitched away back in 2017 be re—looked at because they feel that they're not getting the actual benefits of the kind of tax exemptions that indian authorities have given to the power plant here in eastern india. they've flagged these concerns with the adani group, and they're waiting to hear back. we haven't heard back from the conadani group based on this report but, in the past, they've said their entire goal is to provide significantly cheaper power tariffs to the end consumer. so

this is something that the de facto power minister in bangladesh has told the reuters news agency that they will be looking to bring down the price of tariffs sharply by hoping to renegotiate this agreement. what is also important to understand is that this, along with several other agreements, are currently under court monitor investigation in bangladesh. and they're also waiting to hear back from the findings of the investigation which we're likely to hear some time in february next year. so, a lot of it will also depend on what the outcome and the findings of that are. essentially, the argument that has been made by the bangladeshi authorities, as i said, is the tax exemptions are not channelling down. but if you go back to the figures, the adani group charged the highest in 2022-23 adani group charged the highest in 2022—23 for power tariffs compared to other state—owned companies. that's primarily the argument. again, as i said, we're waiting to hear from the adani group about what their next course will be.— adani group about what their next course will be. thanks for coverin: next course will be. thanks for covering those _ next course will be. thanks for covering those developments i

next course will be. thanks for l covering those developments for us from new delhi. tesla chair robin denhome will lead a review of australia's research and development landscape to improve economic growth and strengthen links between research and industry. australia remains heavily reliant on its natural resources and has struggled to diversify its economy. talks aimed at negotiating a global treaty to reduce plastic pollution have failed to reach a resolution. negotiators in south korea were unable to reach agreement on key issues such as the need to reduce plastic production. representatives from nearly 200 countries took part in the week—long summit in busan. the chair of the talks said that more time is needed for a deal to be reached. this year, australia's federal government held a parliamentary inquiry looking into the challenges in the live music industry. venues have been shutting down and major festivals had to cancel events. but the appetite for big international acts remains robust.

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's the biggest crisis they've faced in a generation — many can barely make a living. t can barely make a living. i think it's really quite sad. i wish that australians would have put as much energy into music as they do with sport. i think culturally, music is not very respected. since i've been singing here, ithink very respected. since i've 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—sized 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. when 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 pub in sydney was run for four years by alison avron. but rising costs and an expensive noise dispute with neighbours have forced her to close the popular venue. have forced her to close the popularvenue. mi; have forced her to close the popular venue.— have forced her to close the --oularvenue. g ., , popular venue. my soul had been ri ed popular venue. my soul had been ripped out- _ popular venue. my soul had been ripped wt pd — popular venue. my soul had been ripped out. i'd let _ popular venue. my soul had been ripped out. i'd let so _ popular venue. my soul had been ripped out. i'd let so many - ripped out. i'd let so many people down. it wasn'tjust me. you know, my agents lost their jobs, staff loss theirjobs. and then the musicians, and their gigs that were coming up. it's caused such a stir.-

it's caused such a stir. while many small- _ it's caused such a stir. while many small- to _ it's caused such a stir. while l many small- to medium-sized many small— to medium—sized businesses are struggling, interest in big acts is sky—high. more than 500,000 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. people want to know that, when they go out, they are going to be entertained. they don't want to take as many risks.— take as many risks. music gives a voice to _ take as many risks. music gives a voice to culture _ take as many risks. music gives a voice to culture but, - take as many risks. music gives a voice to culture but, in - a voice to culture but, in australia, parts of the industry are facing a battle to rediscover their rhythm. applause staying with entertainment, but turning our attention to movies next: disney's moana next: disney's moa na 2 next: disney's moana 2 was a box—office hit in the us during the thanksgiving holiday, racking up a record $221 million in ticket sales. that figure is over $100 million more than analysts had predicted, and beat another disney hit, frozen 2, which was released at the same time in 2019. it was a huge holiday for the movies in general, with

universal�*s wicked and paramount's gladiator ii fuelling ticket sales. that's it for this edition of business today. thanks, as always, for watching. see you same time tomorrow. bye for now. i want news. i want science. i want facts, give theinformation so that i can make up my own mind. ~ ., ,, . mind. the world service definitely _ mind. the world service definitely keeps - mind. the world service definitely keeps peoplel definitely keeps people informed, and i love it. the bbc world _ informed, and i love it. the bbc world service. - informed, and i love it. the bbc world service. listen on sounds _

hello. i'm olly foster. here is what is coming up for you on sportsday. 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.