and the central bank as well will meet soon. it comes hours after turmoil with the president yoon suk yeol declaring martial law before announcing he would lift the order. chaotic scenes while protesters gathered outside the national embassy in seoul. a vote was held overnight in parliament with the majority deciding to block his decision to declare martial law. financial meetings held a bed in a attempt to stabilise the economy. south korea's main labour union has called for an indefinite general strike until the president resigns. calls are growing to impeach yoon. markets opened this morning with the benchmark kospi index down 2%. the korean currency, the won, stabilising after a choppy

night of trading. across to sydney to get more from tribeca investment partners. markets are reacting to these extraordinary events, what is your read on the situation?— what is your read on the situation? ., ., situation? the reader on the situation _ situation? the reader on the situation market _ situation? the reader on the situation market showing . situation market showing frustration and concern about what is to come based on what is happening, if you look at the pub cormons of the south korean market significantly underperforming its regional peers, japan, china australia and others, it is reflective of this uncertainty of what is to come. clearly this is one of the last straw is to show that there is going to be a lot more capital outflow, out of south korea and that is why we have seen the currency taking a hit. investor confidence will take longer to return. at least not until we see better outcome in

terms of geopolitical stents. markets don't like uncertainty. what will investors be looking for in the days and weeks ahead, in order to try to restore some of that stability? markets like to see resolution, uncertainty is very hard to price, and especially for foreign investors to put capital in, it is difficult to see what kind of outcome or regulation will be, what kind of reform it will be, we just need to see stability and a party take power. this is what we need for the financial markets to return to stable outcome. the longer it drags outcome. the longer it drags out the worse it is for the investor confidence as well as its economy because nobody would be confident to invest in the economy or as a business to invest in its future. you mention _ invest in its future. you mention south - invest in its future. you mention south korea i invest in its future. you i mention south korea was invest in its future. you mention south korea was already underperforming, due some lack of investment going forward?

the longer it drags up the mother capital flight will be. joining us from tribeca our analyst, thank you for coming on the show. as markets continue to process this developing story and south korea what does this mean for ages four largest economy? our senior analyst at stonebridge group gave me her insides. i am group gave me her insides. i am tellin: group gave me her insides. i am telling them _ group gave me her insides. i am telling them to _ group gave me her insides. i am telling them to take _ group gave me her insides. i am telling them to take a _ group gave me her insides. i:n telling them to take a deep breath what happened was quite unexpected and quite shocking but the seeds of democracy and south korea are deep, and solid, and i am confident that unfortunately —— fortunately u nfortu nately — — fortu nately things unfortunately —— fortunately things have recovered quickly, and your last speaker was quite right, there will likely be either a resignation or an impeachment of the president. give us a sense of how significant this is, south korea was until now a very

stable democracy, a good place to put investments, presumably? it is still a very stable democracy, i think what we saw what could have in some countries gone terribly off the rails and it did not and south korea. the president realised he had miscalculated and rescinded the order couple of hours later, and again i think to me it shows the stability of the market, but also we have to recognise south korea has been through a very tumultuous future, i moved to south korea in 1988 after democratisation so i have seen violent demonstrations. i think we will see some loud demonstrations over the next few days but i expect very little violence. korea has really moved forward with their democracy. we korea has really moved forward with their democracy.— with their democracy. we have seen financial _ with their democracy. we have seen financial visuals - with their democracy. we have seen financial visuals are - seen financial visuals are meeting along with the central bank, what would you like to

see steps, actions in the coming weeks and days, to further stabilise the situation?— further stabilise the situation? ., ., , , situation? the good news is korea has — situation? the good news is korea has a _ situation? the good news is korea has a very _ situation? the good news is korea has a very clear - situation? the good news is korea has a very clear path | korea has a very clear path forward, if the president resigns or is impeached, the prime minister becomes the acting president immediately, not to create new policies but to ensure stability. and this particular prime minister is on his second time as prime minister, he is very good, well regarded by the international market, he spent four years in the us as ambassador to the united states after being prime minister the first time. so he is a known entity for washington. that will give the markets and soon the american investors strong confidence that korea will recover and recover very quickly. d0 that korea will recover and recover very quickly. do you think the — recover very quickly. do you think the president - recover very quickly. do you think the president has - recover very quickly. do you think the president has a i think the president has a future? �* ., ., think the president has a future? �* . ., think the president has a future? . ., ., , of future? i'm afraid as actions of last night _ future? i'm afraid as actions of last night have _ future? i'm afraid as actions

of last night have made - future? i'm afraid as actions of last night have made hisl of last night have made his future very cloudy. to me i see really no pathway other than resignation or impeachment. i think he was already one of the least popular presidents and korean history, and i don't see anyone standing with him now. even his own party moved against him last night. stan; against him last night. stay with bbc news _ against him last night. stay with bbc news for- against him last night. stay with bbc news for all- against him last night. stay with bbc news for all the latest developments from south korea, we have teams on the ground, they will be reporting for the bbc news website as well as here on the bbc news channel. we will keep you right up channel. we will keep you right up to date on what is happening stop in other news australia's economy grew at a slower than expected pace in the third quarter according to the latest official data. gross domestic product appended —— expended by 0.2% from a year earlier marking its weakest reading since the pandemic. government boosted growth but gross

household spending did nothing to gdp saying the cost of living is at the top of people �*s minds. to the airline industry. malaysia airlines can trace its heritage back to the 1930s but in modern times the national carrier has learned from one crisis to another. recently grappling with safety concerns, the result of an ageing fleet, parts shortages and lack of skilled labor and underinvestment, the man tasked with restoring its fortunes is a captain and is the managing director of malaysia airlines group, he spoke to our business correspondent, theo leggett. the main reason this has contributed to where we are today in malaysia airlines because issues of engine reliability, supply chain, and of course the lack of skilled workforce in the region. as you know the skilled workforce in the asia—pacific region is highly demanded, and the spare parts coming out,

is behind time, we sent engines for overhaul, with the contractual obligations are 55 days, we get them 105 days or more. henceforth this is cannot go on, the cancer has to stop, the decision is to cut capacity 20%, ground the planes, take a step back, do what we need to do to make sure malaysia airlines upholds safety. because of the historical records of malaysia airlines in 2014. malaysia airlines cannot, cannot, cannot, wager on safety. another problem you've had is your planes are relatively old and that causes technical problems in itself. you have struggled to get new planes because of issues with boeing and airbus. i would malaysia airlines today is managing an ageing fleet because over the last two decades we have not been investing, managing an ageing

aeroplane is a different ball game, so grounding the fleet, taking capacity out 20% out and taking a stepped back, and reviewing the entire maintenance exposition that malaysia airlines has to take boeing, late delivery due to circumstances. ido i do have confidence boeing turnaround. as we speak we have one boeing 7117 arriving this week. airbus as well. and they are late aeroplanes because of supply chain. we hope because of the asia—pacific growth expected in the next two years of 5.6% malaysia airlines needs to be in that position. liane of 5.6% malaysia airlines needs to be in that position.— to be in that position. live to south korea's _ to be in that position. live to south korea's capital, - to be in that position. live toj south korea's capital, seoul, these are images from outside these are images from outside

the national assembly, opposition protesters are gathering there after a night of political turmoil president —— vollering president yoon's shot announcement south korea was under martial law. he has now lifted that. thanks for watching.

hey, i'm aisling with the catch up. tonight, georgia harrison's consent campaign, tiktok awards and a tasty christmas village. new plans to give victims of online stalking more protection have been put forward by the government. they want to hand out tougher punishments to those doing it too. victims will also be told the identity of the person stalking them sooner, instead of having to wait until it goes to court. and there will be more stalking protection orders to keep suspected offenders away from their victims. the new plans are for people in england and wales. love island's georgia harrison has launched a campaign designed to start conversations about consent. the influencer says her inbox was flooded with young people's stories after her former partner was convicted of sharing a private sexual video without her consent. she hopes her involvement will make this subject easier to talk about.

tiktok is hosting its first uk and ireland awards. 72 creators, with a combined follower count of over 101 million, have been nominated for awards across 12 categories. they're in london tonight for the awards, hosted by none other than michelle visage. have any of your faves been nominated? time now for 10 seconds of gingerbread. now it's december, christmas festivities are under way. villagers in hungary have made their own community out of gingerbread. it features 100 houses, some local businesses and churches. there's even a working train. you're all caught up now. have a great night.

hello and welcome to sportsday. i'm gavin ramjaun. wales hold on to make history as they seal their spot at next year's women's euros. ruud's up and running. the new leicester boss begins his reign at the king power with a win over west ham. and tiger woods says the "fire still burns" to compete but he remains sidelined by injury heading into 2025.

hello there and welcome along to the programme. the start of an action—packed week in the premier league to come. but first, to the history—making exploits of wales, who've qualified for a major women's football tournament for the first time. they managed to come through a nervy contest against the republic of ireland, in dublin, winning the match 2—1, but it was so close towards the end. the victory sending them through to next year's women's european championship in switzerland. jo currie was there, on a night that will go down in welsh history. this night will live long in the memory of the welsh fans. when they finally come down from the ceiling, they can look forward to major tournament football in the summer for the first time. wales weathered the earlier pressure from the republic of ireland and when the referee awarded a penalty it was coolly dispatched. carriejones doubled their lead with a pinpoint finish and at that point the dream of wales was very much on.