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grappling with losses in debt since 2019. it was backed by soft bank ofjapan and has reshaped the office sector globally but it has now sought us bankruptcy protection on monday after its bets on companies using more of its coworking space sound. that is just coming out. we should have the latest news on our website and we will bring you more as we get it. that breaking news justin, wework has filed for bankruptcy protection in the united states due to heavy losses that it has been suffering since 2019. let's move on to beijing, where australia's prime minister has met chinese prime minister xi jinping. the leaders have expressed a desire to work together and move on from recent tensions. their relationship soured during the pandemic, after australia's previous government called for an independent intervention into the origins of covid—19. beijing slapped bans on products such as wheat, corn and barley. the tariffs which were only lifted this year. this is the chinese leader. translation: a healthy and stable relationship . is in the common interest of our two countries and people, and meets the common expectations of countries in the region. we will push forward the development of the china—australia strategic partnership. well, simon baptist is the global chief economist at the eiu and said australia was never a good target for china to have tensions with. it is a slight stabilisation, but ties will remain quite difficult — actually for the foreseeable future. this recent incident between australia and china, over the last few years, really, shows the limits and in some ways the lack of sophistication of chinese foreign policy. australia was a bad target for china to choose. it was always going to side with the us when push comes to shove. and because of its resource endowment, it has unusually large amounts leverage. and the push by china on australia has just resulted firstly in australia doubling down on diversifying its export base, but it's also turned public and political opinion in the country firmly against china, so there's no political gains to be had by being too friendly. the fact that china's economy growth has been slowing down, do you think that is playing a role in improved relations? the chinese establishment has seen that not only has been not yielding results but it has been a bit counter—productive and has pushed australia to do things like accelerate the aukus agreement, where it will get nuclear submarines, and greater pressure against firms like huawei and rules on foreign investment. so china's economy is in a weak spot. so they could do with fewer problems, and repairing the relationship with an important training partner — and it is an important bilateral relationship, of course. china is a huge market for australia, but australia is one of the major and largest suppliers of goods to china. and so both sides will get some benefit, economically, from the relationship improving. does that mean that the future is all bright? australian businesses shouldn't have to worry about any of those tariffs and so on? absolutely not! the future's got many, many clouds in it and australian firms in china will have to be wary of being used as geopolitical footballs, as future spats happen — which they will, because the countries have a lot of deep disagreements over many issues — human rights, taiwan, trade, investment rules, and in the same token, chinese firms are not going to get an easy ride in australia, either. we're not going back to the heydays of the mid—2010s. simon mentioned aukus, there, the multi—billion dollar defence partnership between the us, australia and the uk. the biden administration has just announced it will be sending a high—level delegation to australia this week to review how it's progressing. this includes representatives from the state department, national security council, energy department as well as the pentagon. the 3—way deal aims to create a new fleet of nuclear powered submarines seeking to counter china's influence in the indo—pacific region. now, epic games, the creator of the popular game fortnite, is accusing google of monopolistic behaviour. the game—maker says the search giant is stifling competition among its vendors on its android operating system and the two are facing each other in court in san francisco. here is erin delmore in new york. fortnite is a game free to play but epic makes a lot of money from it by selling virtual currency through its app. that is an in—app purchase, and if you are on an android phone, google makes a commission off of that, then that is true if you're making any enough purchases like downloading an audiobook or purchasing a scratch on. in this lawsuit epic is claiming you the customer are paying higherfees than you should be. epic sued apple over this issue a couple of years ago which largely resulted in an initial win for apple although the supreme court might take a second look. this is slightly different, because it will be decided by a jury, instead ofjudge. epic is being countersued by google. this is not the only anti—trust case google is facing right now. it's in a legal battle with thejustice department over its search engine dominance. that case is one of many we have seen in recent years on washington's efforts to rein in big tech. back to the breaking news, the collapse of flexible workplace provider wework. collapse of flexible workplace providerwework. it collapse of flexible workplace provider wework. it has filed for chapter 11 bankruptcy protection in the united states. we have a statement from the company that says it is going to take strategic action to strengthen its balance sheet and it will be entering into a restructuring support agreement to drastically reduce its existing funded debt. the company has also said that the working space will remain open while the company goes through these restructuring. the company was backed byjapan�*s restructuring. the company was backed by japan's softbank, which has been investing a lot in tech start—ups. wework was one of the rising stars but it hasn't been doing too well, especially since 2019. the company has been struggling with huge debts and as a result the company's shares have lost practically all of its value in the last couple of years, down some 99%. but she are done sharply since this announcement or rather the report that it was going to file for bankruptcy protection, which has now been confirmed by the company. it has been ten years since beijing embarked on an ambitious project to look at the self—regulating asia and europe. we got to take on the current state of the belt and road initiative. it current state of the belt and road initiative.— road initiative. if you are sittin: road initiative. if you are sitting in _ road initiative. if you are sitting in beijing - road initiative. if you are sitting in beijing and - road initiative. if you are i sitting in beijing and looking at a global dashboard you would see a lot of flashing red lights. the chinese authorities are dealing with three big problems. the first is debt repayment. 80% of china's overseas lending portfolio is currently supporting borrowers in financial distress. problem number two is a lot of beijing's overseas infrastructure projects are risky from an environmental, social, or governance perspective. whenjonah social, or governance perspective. when jonah first got into the global infrastructure market it had only 17 problem projects. if you fast forward to today it has nearly 1700 problem projects. and then a third big challenge is reputational risk. as belt and road projects have run into trouble, china has seen it public approval rating in the developing world plans from 56% to a0%. now with the grace periods on many chinese loans expiring beijing is trying to find its footing as the world's largest official debt collector. the thing about debt collector. the thing about debt collectors as they don't want a lot of popularity contest. want a lot of popularity contest-— want a lot of popularity contest. �* . , ., ., contest. add a quick update on airbnb's tax — contest. add a quick update on airbnb's tax battle _ contest. add a quick update on airbnb's tax battle in _ contest. add a quick update on airbnb's tax battle in italy. - airbnb's tax battle in italy. the judge has ordered airbnb's tax battle in italy. thejudge has ordered $840 billion for alleged tax evasion. a statement by the milan's prosecutors office said airbnb was suspected to withhold 21% of lands rental income and pass it onto the italian tax authorities as required by law. the period question covers 2017 to 2021. airbnb has told the bbc they are surprised and disappointed by the announcement. let's go back to our breaking news story this hour. wework has filed for bankruptcy protection in the united states. we will have a lot more on that story next hour. do join us if you can. for now, thank you so much for watching asia business report. it may look like a trip to the science museum, but believe it or not, this is gatwick. it is a new centre with hands—on experiments with the hope of inspiring schoolchildren to considerjobs in stem, science, technology, engineering and maths. it technology, engineering and maths. , ., ., , maths. it is fundamentally about our _ maths. it is fundamentally about our future _ maths. it is fundamentally about our future pipeline l maths. it is fundamentally | about our future pipeline of talent _ about our future pipeline of talent. we're hoping that they might— talent. we're hoping that they might be, you know, some might be the _ might be, you know, some might be the workforce for the future _ be the workforce for the future. ~ ., , ., future. when i grow up i want to be an _ future. when i grow up i want to be an engineer. _ future. when i grow up i want to be an engineer. i _ future. when i grow up i want to be an engineer. i think- to be an engineer. i think something _ to be an engineer. i think something to _ to be an engineer. i think something to do - to be an engineer. i think something to do with - something to do with electronics, - something to do with i electronics, something something to do with - electronics, something to do with— electronics, something to do with biotechnology, - electronics, something to do . with biotechnology, something to do— with biotechnology, something to do with _ with biotechnology, something to do with stem. _ with biotechnology, something to do with stem. i _ with biotechnology, something to do with stem.— to do with stem. i want to be an aircraft — to do with stem. i want to be an aircraft carrier— to do with stem. i want to be an aircraft carrier designer. . to do with stem. i want to be an aircraft carrier designer. i | an aircraft carrier designer. i want — an aircraft carrier designer. i want to— an aircraft carrier designer. i want to make a play they can hold — want to make a play they can hold about 8000 people that is a kilometre long. the hold about 8000 people that is a kilometre long.— a kilometre long. the specially ada ted a kilometre long. the specially adapted space _ a kilometre long. the specially adapted space will _ a kilometre long. the specially adapted space will be - a kilometre long. the specially adapted space will be here - a kilometre long. the specially adapted space will be here for| adapted space will be here for adapted space will be here for a year as part of a pilot and will get feedback from schools and students with the aim of attracting a host of new and enthusiastic talent to the airport �*s workforce. hi. i'm stephen with the catch up. tonight, bonfire night clashes in scotland, the search for luis diaz's dad, and some spectacular skies. but first, have you ever bought a top or a drop on boohoo and wondered how it's so cheap? a bbc investigation has found the company is breaking its promises to make clothes fairly and ethically. we sent an undercover reporter to boohoo's head offices in manchester. she found the staff are under pressure to drive down the price paid by suppliers, even after deals had been done. 0ne colleague admitted lying to try and get clothes made at a cheaper price. boohoo says it's invested significant resources into driving positive change across the business. you can watch the full panorama investigation on the bbc iplayer now. it is called boohoo's broken promises. some other stories now, and eight police officers have been injured after violence on bonfire night in scotland. this was niddrie in edinburgh last night. more than 50 young people throwing bricks, fireworks and petrol bombs at officers. police believe the clashes were planned. and an update on liverpool forward luis diaz's dad. the gunman who kidnapped him in colombia over a week ago say they plan to release him soon, once local officials meet their demands. diaz revealed a t—shirt saying "freedom for papa" after he scored for liverpool against luton yesterday. and time to leave you with ten seconds of the northern lights, because yes, this isn't a filter. these are the stunning pictures from across the uk on sunday night, as the lights put on a pretty special show. looks amazing, doesn't it? you're all caught up. have a good night. hello and welcome to sportsday. i'm gavin ramjaun. controversy in delhi — angelo mathews becomes the first international cricketer timed out, his sri lanka side beaten by bangladesh. chelsea beat spurs 4—1 at the tottenham hotspur stadium but that's only half the story, in a thrilling premier league london derby. and a boost for manchester city, as erling haaland's back in training ahead of their champions league game, following an injury at the weekend. hello there, and welcome along to sportsday. history was made at the cricket world cup, in bangladesh's three—wicket victory over sri lanka, but for controversial reasons. angelo mathews became the first international cricketer to be timed out, afterfailing to get himself in a position to face his first ball for sri lanka. bangladesh insisted it was a violation, which left the former sri lanka captainfuming. their hopes of reaching the semi—finals now over. patrick geary was watching. a murky delhi. the arunjaitley stadium sits in the middle of a problem. this week india's capital has been the most polluted city in the world. school's off, building work has stopped, but the cricket goes on. the world health organization rates the conditions in delhi as very unhealthy. both bangladesh and sri lanka have missed training sessions in recent days. both have questioned the safety of the match. when they did train, bangladesh wore masks

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