exports are now curently worth $7 million annually. but things are improving. last month china said it will review its tariffs on australian exports and australia has suspended action it had taken against china at the world trade organization. let's discuss this with professorjames laurenceson — director of the australia—china relations institute at the university of technology sydney. good to have it on the programme. i'vejust mentioned programme. i've just mentioned wine programme. i'vejust mentioned wine is one example of where things had been very difficult when it comes to trade. where else have been problems? when the albanese _ else have been problems? when the albanese inaudible. - the albanese inaudible. sadly you are frozen. we don't seem to have a good line with you. perhaps we will return to you. perhaps we will return to you a little later on in the programme to talk about this story because of course we want to look at that very important relationship between australia and china but we will talk about that later. now lets talk tech and the latest ai chatbot that is on offer and this is elon musk�*s latest move to take on his arch rivals. the billionaire was here in london last week with other leading figures from across the tech world attending the world's first international ai summit. well, elon musk has nowjust launched an ai chatbot called grok on his social media site x, but so far it is only available to selected users. musk boasted that grok "loves sarcasm" and would answer questions with "a little humour." so how does grok compare to its rivals? let's talk to dan ives about this, managing director of wedbush securities. i'm really hoping he is able to talk to us! no. we have got down, i am assured. we are having a few technical glitches, ionic and get talking about grok. tell us more about what elon musk has launched. this is part of his way to grab content will ultimately musk is trying to being a chatgpt rival, kicking x to the next level. it is an arms race when it comes to ai. first microsoft, google, now musk. interesting his timing given where he was last week discussing the risk of ai and machine learning, the risk to humanity with some of the world leaders. yet this week he launches grok. it leaders. yet this week he launches grok.— launches grok. it is 'ust a reality where i launches grok. it is 'ust a reality where he h launches grok. it isjust a reality where he could . launches grok. it isjust a l reality where he could talk about the risk but they need to jump about the risk but they need to jump into the deep end of the poor and really what they are doing here with grok as this is their ability or shop to try to monetise when it comes to ai and it's all part of the broader concept, remember, take a step back when he paid 44 billion for twitter and now x and this is about monetising, and this is about monetising, and this is an avenue and it feels like grok�*s personality is like musk. feels like grok's personality is like musk.— feels like grok's personality is like musk. ~ , ., , is like musk. absolutely and is 0 en is like musk. absolutely and is open about — is like musk. absolutely and is open about the _ is like musk. absolutely and is open about the fact _ is like musk. absolutely and is open about the fact he - is like musk. absolutely and is open about the fact he was - open about the fact he was hugely influenced by the hitchhiker�*s guide to the galaxy and he talks about that now with a launch of a grok but joking aside, as you say, there seems to be a bit of an arm's race when it comes to ai and offerings out there. he was running —— who is winning? microsoft is winning when it comes to chatgpt. google clearly number two. there is a race to see who could be number three and we're talking the biggest tech transformation we've seen in 30 years so every taxpayer is going to really go aggressive including x and musk knows that because he is going at al, even with tesla. it's a get at the popcorn moment to see ultimately how successful musk and others could be. have you had a play? if so, which one are using and how is it going to you, what you find it is able to do for you that is quite amazing? i think it is edgier in terms of it is not surprising. chatgpt from an algorithm perspective, it is the best out there, but a little data centric. x a lot of data so i would not put, i am not saying this would be successful, it will be an ever uphill battle to reach microsoft. thank you and good to talk to you. dan ives, managing director of wedbush securities. more detail on that story on a website. here in the uk, licences for oil and gas projects in the north sea are set to be awarded annually, under government plans. there is currently no fixed period between licensing rounds but this would change under a bill to be announced in tuesday's king's speech. ministers said projects would have to meet net—zero targets and claimed the policy would guarantee energy security. greenpeace said oil and gas exploration was "backward—facing" and vowed to fight new licences in court. we're nowjoined by dan kemp, who's the global chief investment officer at morningstar investment management. hello to you, dan. this is making the business headlines this morning, it's all over the ft and we have it on our website as well. it's going to be in the kings speech tomorrow. and it is controversial. hello. it is controversial _ controversial. hello. it is controversial and - controversial. hello. it is controversial and there l controversial. hello. it is- controversial and there seems to be a lot of politics around the policy and notjust the economics of energy extraction. 0ne economics of energy extraction. one of the things it sets out, which is quite interesting, is that there is an assumption that there is an assumption that even if we hit our net—zero goals of course that is a challenge, we will still need fossil fuels fight to the future. that's the assumption underlying the policy. when we think about that, that's a real challenge for investors because previously people thought about investing from energy companies because they don't have a long—term future. this policy tacitly acknowledges that energy companies will be with us for a long time as well north of the oil and fossil fuels. �* . , . ., fuels. but what is challenging for investors _ fuels. but what is challenging for investors if _ fuels. but what is challenging for investors if there - fuels. but what is challenging for investors if there is - fuels. but what is challenging for investors if there is a - for investors if there is a change of government and what that does mean existing licenses. laboursaid that does mean existing licenses. labour said on existing licenses, granted before the next election. but would not allow any new ones to be granted if it than one car. again, that does deter investment, doesn't it, that statement in itself? that's the uncertainty. it's so difficult for companies to deal with but also investors, you are right, and that's where politics seems to be coming into this. trying to be coming into this. trying to force the labour party to choose between a vision and energy security and people of said these licenses won't do anything for energy security but from headline perspective energy security and green commitments, climate commitments. as ever with investing, we have to look beyond the politics and really think about how this impacts companies and a regime where there is some certainty is a better than when there is uncertainty, but equally it reminds us that if energy companies will be with us for a long time, it's important that they are owned by responsible investors who can engage with those companies and try to limit the impact of climate change by limiting the way those businesses operate. before you go, i want to ask about probably one of the world's most famous investors, warren buffett, the sage of omaha. he has been a really 0maha. he has been a really what he's been doing with his money. what is he up to? buffett has one of the toughest jobs in investing in that the businesses he owns produce an enormous amount of cash every year and he has to reinvest that cash to maintain the returns on the company he manages. he has been brilliant at doing this for a very long period of time but of course as the company gets bigger the investments he makes also have to be bigger. that's a great challenge as is cash piles up and he looks to other great opportunities, and a world where he is struggling to find opportunities, so he has been helped by the fact interest rates have gone up but nevertheless it's a constant struggle to try to find those new investments and that seems to be the challenge. it certainly is. thank you, good to see you, see you soon. dan kemp, who's the global chief investment officer at morningstar investment management. around the world and across the uk, this is bbc news. voice-over: bbc news, - bringing you different stories from across the uk. there's a new tea craze in london. this is chai, india's most beloved tea. chai is made by brewing black tea and adding different spices, sugar, and milk. in india, chai is a way of life. it's the drink for every occasion — morning, afternoon or night. this one street in walthamstow has five chai shops and four of them opened in the last year alone. we've got 4 million customers coming every day. it's like costa or starbucks for them. mainly, they are asian people, originating from india, pakistan or bangladesh. in the recent couple of years, we've seen a surge in other people as well. we've seen british people coming in, people from all ethnicities. as manyjoin the trend, only time will tell if london's love affair with chai will be here to stay. voice-over: for more - stories from across the uk, head to the bbc news website. you're live with bbc news. that's carry on with our business focus programming. let's focus on wework now, because the company was once seen as the future of the office. founded in new york in 2010, the company appeared to have tapped into the modern way of more collaborative hybrid working. but could we get the news this week that wework has gone bust? its shares fell by more than 50% in new york on the rumours last week. we're nowjoined by teddy kramer, who worked at wework from 2013 to 2015 and is now chief executive and founder of the co—working space neon. what are you hearing? do you have confirmation that's what we will get this year, the news it has had to file for bankruptcy protection? first and foremost, _ bankruptcy protection? first and foremost, great - bankruptcy protection? first and foremost, great to - bankruptcy protection? first and foremost, great to be i bankruptcy protection? f "st and foremost, great to be with you on the show. everything we are hearing in the states is confirming that we are anticipating to see a filing for bankruptcy coming this week. , ., for bankruptcy coming this week. ,, , for bankruptcy coming this week. , ., ~' for bankruptcy coming this week. , ., ~ ., week. do you still work at wework _ week. do you still work at wework so _ week. do you still work at wework so where - week. do you still work at wework so where is - week. do you still work at wework so where is it - week. do you still work at i wework so where is it gone wrong? wework so where is it gone wron: ? �* , wework so where is it gone wronu? �* , . , wework so where is it gone wronu? , ., , wrong? any ideas we were really focused on _ wrong? any ideas we were really focused on being _ wrong? any ideas we were really focused on being the _ wrong? any ideas we were really focused on being the best - focused on being the best workspace provider in the world and unfortunately around the time that i left in 2015 we started to see the company splinter off and move interactions that were not tied directly to the core business of shared office space. for example the company went into a living, they went into spa and fitness design, they moved into education and try to start their own primary school in new york city and i think when all that money came pouring in for investment, instead of going directly to the core business of shared office, it started to move in other areas that it was a night and did move in other areas that it was a nightand did not move in other areas that it was a night and did not have expertise and i think that's come to bite it in the long run. �* , ., come to bite it in the long run. fl ., , come to bite it in the long run. 2 ., , run. it's not 'ust about the pandemic_ run. it's notjust about the pandemic and _ run. it's notjust about the pandemic and the - run. it's notjust about the pandemic and the fact - run. it's notjust about the pandemic and the fact the | pandemic and the fact the pandemic and the fact the pandemic change the way people worked globally and fewer people, more people worked more at home which is obviously free and not paid to be working in a shared space and paying wework for the privilege? to shared space and paying wework for the privilege?— for the privilege? to me, the pandemic— for the privilege? to me, the pandemic affected _ for the privilege? to me, the pandemic affected the - for the privilege? to me, the pandemic affected the entire | pandemic affected the entire shared workspace industry but what we're seeing in a post pandemic wealth is shared office space is thriving. uk—based business iw g, a parent company, which many folks know of, is the largest workspace provider in the world and reported record profits in the middle of the year. with the middle of the year. with the other companies thriving in the other companies thriving in the united states like industrious, convenient and neonin industrious, convenient and neon in california is doing exceptionally. in its first six months. there is huge demand for shared space. unfortunately the long—term potential of wework was really about the by decisions made on a pre—pandemic world. it’s pre-pandemic world. it's fascinating. _ pre-pandemic world. it's fascinating. we - pre—pandemic world. it's fascinating. we appreciate you telling us more about this. teddy kramerfrom co— telling us more about this. teddy kramer from co— working space neon. let's return to our top story. we tried to connect with the director of the china australia institute at the university of technology. can you hear us? i can hear you. brilliant, and you are moving as well, you're not the frozen chosen which i often get on this programme! this meeting between anthony albanese and xi jinping. tell us more how important this is and what they might achieve when it comes to trade relations? it when it comes to trade relations?— relations? it has been inaudible. _ relations? it has been inaudible. 0k... - relations? it has been - inaudible. 0k... apologies. this is really _ inaudible. 0k... apologies. this is really not _ inaudible. 0k... apologies. this is really not working, - this is really not working, this connection. there is a delay. sorry, james, we will try and connect with you another time and apologies to you as well. we were hoping to get some insight into that and hopefully we can unpack that a little in more detail later. let's talk about the industry of tourism. the world travel market london 2023, one of the world's largest travel and tourism events, opens today. the post covid holiday boom has lifted the outlook for international travel. this year, worldwide tourist arrivals are expected to reach up to 95% of pre—pandemic levels according to estimates from the un's world tourism 0rganisation. so can the travel industry look forward to a bumper year? we're nowjoined by vasyl zhygalo, who's the portfolio director at the world travel market. i really hope you can hear me. i really hope you can hear me. i can hear. brilliant and we can hear you as well which is such a blessing. tell us more about travel. post covid people were keen to travel again but it was causing headaches with airports and able to meet demands are things sorted out now? , ~' ., demands are things sorted out now? , ~ ., , now? yes, i think it would be fair to say — now? yes, i think it would be fair to say that _ now? yes, i think it would be fair to say that global- now? yes, i think it would be fair to say that global travel | fair to say that global travel is a success story. what we see at this year's world travel market which is larger than the one before it is manifest itself. we welcomed people from about 180 countries this year. 4000 different exhibits. it is quite a strong recovery, particularly on leisure. business has recovered slightly slower. the biggest winners are europe and the middle east. europe and the middle east. europe has been a popular tourism destination for decades and decades but the middle east is up and coming and there is a huge amount of money to invest in its tourism sector so that is the place to watch, is it? absolutely. the key driving markets around middle east is uae and the newcomer saudi arabia. saudi arabia entering quite strongly. i think they opened up much earlier compared to some other markets. in opened up much earlier compared to some other markets.— to some other markets. in terms of... countries _ to some other markets. in terms of... countries want _ to some other markets. in terms of... countries want to _ of... countries want to attract the tourism sector. many would look into asia to travellers coming from asia and that part of the world because of course they like to spend money in cities such as london and paris. it is such a huge moneyspinner as they spend their cash. who are countries trying to attract right now? think this year we are definitely seeing the opening of china and i think it is a huge driverfor the asia—pacific region. but it is notjust a asia—pacific region. but it is not just a short—term asia—pacific region. but it is notjust a short—term trend, it is identified in the report which we will be issuing today at the world travel market that over the next ten years china will be a driving force for the market because of population is becoming wealthier and they are willing to travel so china is definitely one of the big ones. indonesia and india i think are also becoming a driving force for outbound travel.- also becoming a driving force for outbound travel. thank you so much for— for outbound travel. thank you so much forjoining _ for outbound travel. thank you so much forjoining us. - for outbound travel. thank you so much forjoining us. you - so much forjoining us. you have a bumper week ahead so enjoyed and we will see you again soon. thank you. governments are slow to prioritise education and need to look long—term at the impact under investment has on economies, according to the education above all foundation. inflation, high interest rates and the cost of living crisis are now having a major impact on education provision on a global basis. i spoke to dr maryjoy pigozzi, who's the executive director of education above all and she explained how the covid—19 pandemic had a devastating effect on children's education. from covid on, investments in education have gone down generally across the globe. the only place where it has picked up only place where it has picked up again is actually in the lowest income countries so what we now face is something like a $97 billion a year funding we now face is something like a $97 billion a yearfunding gap for education across the globe. in the low income countries you say the funding has started to come through again, why is that? i come through again, why is that? 4' ., ., , that? ithink in general, as the poorer— that? ithink in general, as the poorer countries - that? ithink in general, as the poorer countries have l the poorer countries have looked at where they are in the overall economic picture globally, they realise how far behind if they are, how far they have to go and there is plenty of data that shows investing in education makes a huge difference to where you are, notjust as an individual or a family, but as a nation. have you found that the cost of living crisis has really exacerbated the problem? of course we had a global pandemic which meant that governments worldwide had to suddenly invest and spent a lot more so than for the funding for education went down for that reason but cost of living, lots of families we found at the bbc in the developing world are looking to their children to work and give up education to make much—needed income, how do you counter that challenge? what we are noticing is an increase in conflict and increase in conflict and increase in conflict and increase in problems in education. this has a huge impact on children on education, going to school and how they learn. 0ften children affected by conflict face insecurity perhaps within themselves or within their homes or environments. all of that makes learning more difficult so how do we deal with it? first of all, we have a strong advocacy programme that really addresses the need to protect education, to hold those who attack education accountable for what they do. secondly, we tried to work with a number of partners across the globe, looking at how education can only be provided but provided in a safe space and also be responsive to the needs of those children which might be different from the needs of children who are not in a conflict environment. we know that actually globally, the largest number of children out of school are boys and we also note that often child labour effects boys more than girls but house of labour fracture girls more than boys. —— household labour. we need to understand the nuances in terms of how we provide support and choose partners.— choose partners. when you try to convince — choose partners. when you try to convince partners, - choose partners. when you try to convince partners, to - choose partners. when you try to convince partners, to use i to convince partners, to use the economic argument as a part of that? i the economic argument as a part of that? ~ , , ., , , of that? i think less and less we need _ of that? i think less and less we need to _ of that? i think less and less we need to do _ of that? i think less and less we need to do that - of that? i think less and less we need to do that becausel of that? i think less and less l we need to do that because in terms of the partners, what we do know is that increasingly parents understand the value of education and we do know that some of the highest price on a per capita basis for education is paid by some of the poorest people in a relational way so that does not seem to be the issue. i think the issue is more along the lines of encouraging governments to understand that the long—term investment in education is about the future. and that is a really difficult to sell because politicians are worried about the next two or three years or perhaps two or three months perhaps. investment in education need to be long—term. executive director of education above all talking to us. i talked to her at length and it was really an interesting conversation about how education has been in many countries not prioritised at all for lots of reasons. let's have a look at financial markets. a brand—new trading week is under way and look at what a strong start to the week right across the board in asia. also on mainland china,. a really strong start to the week. this is following on from wall street because we saw weaker than expected us jobs data released last week and this is concerns about rising interest rates in the us. us stocks notching their best week in a year after the figures showed employers in the country created 150,000 newjobs in october and that is barely half the previous month's title and of course the federal reserve as well did not raise rates unless week is that it would not raise rates in the coming months after the central bank held rates on hold so all these things feeding through to show markets which are enjoying a little bit of a bowl run at the moment it was seen. apologies again for all the technical problems we had on this programme but i hope you stuck with us. have a lovely day, i will see you soon. hello there. we've seen some strong aurora pictures coming in over recent hours here at the bbc weather centre. this beautiful one was from the aberdeenshire area in northern scotland. but this one is from folkestone. the significance of this is if you can see the northern lights in folkestone here in the uk, you can see it pretty much everywhere. so the aurora is very strong. it's worth taking a look outside. use a camera or a mobile phone to see the best views, because those bits of equipment are more sensitive than our eyes to low levels of light. but you have a chance over the next few hours. now, weather wise, 0k, there will be a few showers coming and going, but we'll also see some fairly lengthy, clear spells. so whilst it's dark, you do have a chance of spotting the aurora. 0n into monday's forecast, and it's a day of sunshine and showers, really. starting off, most of us will have a fine morning with plenty of sunshine around. most of the showers really get going into the afternoon. and there could be some slightly longer spells of rain coming into west scotland and maybe northern counties of northern ireland. 0ur temperatures continue to be a little bit below average for the time of year. now we've got more of those showers to come on tuesday. again, a lot of sunshine, the showers have been most frequent into the northwest of both england and wales. then we get this ridge of high pressure building in during tuesday afternoon. now, that should kill the showers off in northern ireland. central and southern wales and south west england having a fine end to the day as well. now that ridge of high pressure is going to be short lived, pushed out of the way by this next weather system coming in off the atlantic for wednesday. it's going to be a wet day then, with around 20mm to 30mm of rain expected, could bring one or two more issues. we'll have to be careful, i suppose, in northern ireland, where it has been so wet over recent times. the rain does clear through, followed by showers, with the winds picking up later in the day from the west. now, temperatures will start to come down a little bit across northern areas, 8—10 celsius for scotland and for northern ireland. 11—13 celsius for england and wales. but towards the end of the week, this area of low pressure is going to swing through the uk, and as it does so, we'll start to get a chillier flow of air coming in from the northwest. now, temperatures might not change very much on the face of it, but i think those north—westerly winds will start to make the weather feel a little cooler. and there'll be some showers around in the week with more general outbreaks of rain heading in, it looks, for some of us, into next weekend. good morning. welcome to breakfast withjon kay and sally nugent. 0ur headlines today... explosion. a night of heavy bombardment, as israel says its troops have now encircled gaza city — effectively cutting the territory in two. america's top diplomat steps up calls for a pause in the conflict to allow aid in and israeli hostages, out. everyone would welcome it because it would advance things we are all trying to accomplish, including getting hostages back and getting a lot more assistance into gaza, including getting people out of gaza. a major incident�*s declared after thousands of people in surrey are left with no water due to an issue at a thames water treatment works. footballer luis diaz delivers a message to his father's kidknappers. after equalising for liverpool at luton, he reveals a "freedom for dad" sign on his shirt. # memories, like the corners of my mind...# the funny girl on the way we were.