hello, i'm sally bundock with the top business stories, and we begin with the upcoming face to face meeting between us presidentjoe biden and china's president xi jinping. the two leaders are meeting on wednesday on the side lines of the asia—pacific economic cooperation summit in san francisco and the world will be watching to see if they can soothe their fraught economic and diplomatic relationship. in their first face—to—face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington's measures to restrict beijing's access to advanced computer chips, citing people familiar with the matter. let's discuss this with brian coulton — chief economist at fitch ratings. good morning. we will talk about the cletus meeting on wednesday but today finance leaders are gathered. what is expected from them? i leaders are gathered. what is expected from them?- expected from them? i think there will — expected from them? i think there will be _ expected from them? i think there will be a _ expected from them? i think there will be a lot _ expected from them? i think there will be a lot of - there will be a lot of discussion on the global economic outlook and what that means for the apec countries. although the recent numbers have been a bit better as a us consumer continues to spend rapidly, the outlook for 2024 is darkening. world trade growth is pretty much flat at the moment, not growing at all. china's the moment, not growing at all. china's economy is possibly going to achieve a 5% this year but with the property market really still not showing any signs of stabilising, the domestic growth outlook in china is weak and that is where i think the trade agenda is becoming increasingly important because they have had a few years of a very good trade growth, export growth through the pandemic but that is slowing and that is a big threat to their growth outlook. let's talk about the trade agenda. everybody will be watching really closely on wednesday to see howjoe biden and xijinping get on. and what it does in terms of helping them overcome their obstacles when it comes to semiconductors, when it comes to other issues as a trade at. both of these economies are hugely integrated. there is already massive us investment in china, us copies have huge operations. there is pressure on both sides to avoid a deterioration but i don't know, given the hardness of the us position, i don't know if much concrete will come out of it. they will be some good headlines, i'm sure, but i think the relationship is quite strained and i don't really see a massive breakthrough in improving the situation. fine improving the situation. one re ort improving the situation. one report coming _ improving the situation. one report coming through from bloomberg news says china is considering resuming purchases of boeing 737 max aircraft and thatis of boeing 737 max aircraft and that is the kind of snippets of news you get ahead of these talks, don't you?— talks, don't you? yeah, expectations _ talks, don't you? yeah, expectations are - talks, don't you? yeah, expectations are being l talks, don't you? yeah, - expectations are being built up. that has obviously put the pressure on, but at the end of the day quite often what comes out of these conferences is a piece of paper that is the lowest common denominator that can be agreed on and quite often they disappoint in reality. it is good that they are speaking, no doubt. i think in china with the domestic economy looking so weak, maybe there has been a bit more of an easing of this view that there needs to be more restrictive, and they are looking to try and improve this external position. there is a lack of a foreign investor confidence in the china growth story at the moment, they are looking to turn that round.— moment, they are looking to turn that round. thank you for our turn that round. thank you for your thoughts _ turn that round. thank you for your thoughts on _ turn that round. thank you for your thoughts on that. - turn that round. thank you for your thoughts on that. brian l your thoughts on that. brian coulton, chief economist at fitch ratings. later today we'll get the latest 0pec monthly oil outlook which will report on what's impacting oil market trends in world oil demand and supply. the world bank has recently warned that oil prices could rise to more than $150 a barrel if the conflict in the middle east escalated. but last week oil prices slid over 4% to their lowest in more than three months on concerns over waning demand in the us and china and the easing of worries over a wider conflict in the middle east. saudi arabia's energy minister last thursday said oil consumption remains healthy and blamed speculators for the recent drop in prices. so what is going on? spencer welch is oil analyst with s&p global. good morning to you. morning. was do we _ good morning to you. morning. was do we think— good morning to you. morning. was do we think the _ good morning to you. morning. was do we think the monthly i was do we think the monthly report will tell us when it is released a little later? i think it will talk about the demand for oil and say that there is weaker economic data and oil demand has eased a little but it is normal for oil demand to decline a little bit as we go into the northern hemisphere winter. people drive less, people fly less, it consumes less oil. it is quite normal to have some easing of price through the winter period. the concern, i think, is the global economic data and 0pec will have to make a decision as to whether they feel it necessary to cut supply further. �* ., , feel it necessary to cut supply further. �* . , ., further. and that is what we want to know. _ further. and that is what we want to know. what - further. and that is what we want to know. what will. further. and that is what we l want to know. what will saudi arabia and russia in particular do? they have already committed to cutting supply by a certain amount monthly to the end of this year as the outlook for 2024 for the global economy is not particularly bright, is it? no. absolutely, the 0pec plus is cutting supply by around 4 million barrels per day, 4% of the world's oil supply, and on top of that, on their own, saudi arabia is cutting by another million barrels per day to give an additional boost to price and they have said they will cut by that initial million. 0n will cut by that initial million. on top of other cuts, that will stay in place to the end of the year. those countries are already significantly cutting supply, that affect their income because they want to try to push the price up and, as you said, there is concern about that economic data next year and whether they will have to continue that policy. just quickly. _ continue that policy. just quickly, what _ continue that policy. just quickly, what do - continue that policy. just quickly, what do you - continue that policy. just quickly, what do you think about the world bank warning, that we could see oil at $150 per barrel, do you think that is likely?— per barrel, do you think that is likel ? , ~ , is likely? extremely unlikely. they were — is likely? extremely unlikely. they were talking _ is likely? extremely unlikely. they were talking about - is likely? extremely unlikely. they were talking about the l they were talking about the conflict in the middle east. if that was to escalate, affecting some of the other main oil producers like saudi arabia, there is no sign of that happening at the moment, they were alluding back to the 19705 as to what happened in a previous cri5i5 when there were oil embargoes. i think that's extremely unlikely and, a5 extremely unlikely and, as we've seen, as you mentioned in the last week, when the war 5tarted the last week, when the war started at the beginning of october there was a bit of a 0ctober there was a bit of a price 5pike but very small. that has now disappeared. spencer welch, thank you, good to talk to you, from s&p global. here in the uk, prime minister rishi sunak is set to declare this week that his promise to halve inflation has been met. 0fficial inflation figures will be published in the uk on wednesday. this will give the prime minister some much needed good new5 ahead of next week's autumn statement. that is delivered by the chancellor atjeremy hunt. live now to craig erlam, senior market analy5t, 0anda. a lot of attention will be on the uk inflation numbers. al5o the uk inflation numbers. also we are getting inflation numbers in the us. what are you expecting? numbers in the us. what are you meeting?— expecting? well, as rishi sunak exce -t to expecting? well, as rishi sunak except to say. _ expecting? well, as rishi sunak except to say, inflation - expecting? well, as rishi sunak except to say, inflation is - except to say, inflation is expected to fall from almost 7% down to below 5% so it will be a dramatic drop this month. that is driven by the changes in the energy price cap this year falling, in the energy price cap this yearfalling, la5t in the energy price cap this year falling, last year ri5ing. comparables are more favourable but oil prices and food prices, or slow it for price inflation will have a big effect. a big milestone for the uk but still, as you say, a long way to go. for the prime minister, it is one of his promises to halve inflation and, at the time, it was around 11%. we have the autumn statement next week, delivered by the chancellor. there is already so much speculation as to what might be in there and the wiggle room the government has had to give something out ahead of a general election.- something out ahead of a general election. there is. from the _ general election. there is. from the perspective - general election. there is. from the perspective of. general election. there is. - from the perspective of whether they have achieved that goal, a lot of factors have contributed. they have talked about wages, public sector wages, but at the same time things like immigration has played a massive role in it, wages are still above 8% so still a long way to go on that. interest rates have risen considerably. what all this means is they don't have that much wiggle room in the autumn statement. i will be surprised if there is any major tax giveaways, which is what the conservative party would like to see. we may have to wait to next year for that, until they can declare it a job done, which you can't do. just below 5% inflation. what we may see something akin to what we have seen before, which is commitment to future giveaways and ideas around cutting taxes in future years or in future statements, which will maybe appease members of the conservative party and also give the public an insight into what the next conservative government could potentially look like. , , w' , government could potentially looklike. , , ., look like. just quickly, before we let you — look like. just quickly, before we let you go. _ look like. just quickly, before we let you go, the _ look like. just quickly, before we let you go, the us - look like. just quickly, before | we let you go, the us inflation figure out this week, what do we expect? irate figure out this week, what do we exoect?— figure out this week, what do weexect? , . ., . we expect? we expect a decline here, as we expect? we expect a decline here. as well. — we expect? we expect a decline here, as well, but _ we expect? we expect a decline here, as well, but the _ we expect? we expect a decline here, as well, but the us - we expect? we expect a decline here, as well, but the us is - here, as well, but the us is much further ahead than the uk is currently. they are below 4% already. we expect that you continue to decline further. again, they are facing some of those challenges that we are, in that they are falling considerably from the peak but this last stretch will be the hardest by far because wage growth is still far too high. hopefully higher interest rates constrain the economy, creating a bit of slack in the labour market will enable that extra mile but at this point, wage growth is not consistent with 2% inflation so the next six months or so will be very important here in getting them over the line but it will be the most difficult part. qm. the most difficult part. 0k, thank you- _ the most difficult part. 0k, thank you. good _ the most difficult part. 0k, thank you. good to - the most difficult part. 0k, thank you. good to see - the most difficult part. 0k, thank you. good to see you. craig erlam from 0anda. let's get some of the day's other news now. china's largest e—commerce company — alibaba — says it recorded year—on—year sales growth during the singles day shopping festival. its rivaljd.com also reported sales volumes at a record high. however, the companies did not release overall revenue figures for the second year in a row. the festival has been used to gauge chinese consumer sentiment, which has been disappointing following the post—pandemic reopening. the former canadian fashion mogul peter nygard has been found guilty of four counts of sexual assault in a canadian court. prosecutors say he had used his wealth and power to lure women to his toronto office building, where they would end up in his private bedroom suite. he was acquitted on two other charges. uk retail giants are urging police forces across the uk to offer more protection to workers as concerns about their safety grow. bosses at sainsbury�*s, boots, m&s and aldi are among dozens of firms to have signed a letter calling for assaults on staff to be better recorded. it comes as research suggests that two in five retail workers are facing abuse from customers on a weekly basis. to australia next, where its largest ports operator is set to keep its sites closed for days as it recovers from a cyber—attack, according to government officials. dp world australia manages around 40% of goods entering and leaving the country. let's go to our asia business hub — suranjana tewari is there. this is going to cause a real slowdown, isn't it?- slowdown, isn't it? that's ri . ht. slowdown, isn't it? that's right- we _ slowdown, isn't it? that's right. we have _ slowdown, isn't it? that's right. we have had - slowdown, isn't it? that's right. we have had newsl slowdown, isn't it? that's - right. we have had news that operations are resuming slowly but, as you say, the breach crippled operations for but, as you say, the breach crippled operations for three days and so there are likely to be knock—on effects with these ports handling so many exports and imports in and out of australia. some of the affected terminals include big ones like melbourne, sydney, brisbane and western australia's freemantle,. dp world is a dubai —based company and expects to move around 5000 containers from the four australian terminals throughout today but that is slightly less than the usual traffic and the company says it is not clear who was behind the attack and that it will take time to find out what happened and to try to protect the internet network that handles the freight movements going forward. that could cause more disruption is over the next few days. australia has seen a rise in cyber attacks since late last year and the government is trying to reform rules and set “p trying to reform rules and set up an agency to help coordinate the response to those hacks. just last week an outage at the telecom company set an aggregate of internet and phone connections to nearly half of australia's population for about 12 hours, so a serious issue for the australian government.— issue for the australian government. thank you. suranjana _ government. thank you. suranjana tewari - government. thank you. suranjana tewari in - government. thank you. - suranjana tewari in singapore. around the world and across the uk, this is bbc news. bbc news — bringing you different stories| from across the uk. a new drama about the real issues teenagers face, with input from some of those who have first—hand experience. i've been finding it so much easier recently. today, 16—year—old luka is in charge of wardrobe. but this time last year, their depression was so bad, they were off school for a month. yeah, i couldn't get out out bed. ijust stayed in my bed staring at the ceiling. i was just that sad. my friends at school stopped talking to me afterwards, but i've got friends again now and that's really good. the rehearsal�*s all down now, and so now it's the rehearsal�*s all done now, and so now it's time for the filming — and the teenagers really get to do every part of the production. they're on the sound, they're on the clapper, and they're even starring in the production itself. 0k, camera. it's helped me with my self—esteem and my confidence overall. i've become a more... just a more accepting person. for more stories from across the uk, head l to the bbc news website. you're live with bbc news. we are looking at the top business stories. former manchester united and england football star gary neville is now looking to property to make some money and is counting on investors from around the world to buy up real estate in manchester. he's just launched a luxury hotel and apartment complex in the city, as part of his growing business empire. 0ur asia business correspondent nick marsh caught up with the star, who is on a whirlwind trip to asia. we're launching the sales of our residential units, the w—branded residences, and, yeah, we thought no better place to do that than singapore. we have obviously launched in manchester last week, as well. so manchester, singapore. then we go over to china, to hong kong and to dubai. now you're off to china after this. i'm sure you're aware of everything that's happening with the property market there. is that something that's concerning you? i'm not concerned about it. i mean, we're not coming over here sort of saying that people have to buy — we're saying to people that this is — i think — a stellar project, an exemplar project in the city, a project that... i think we've got a building architecturally that could sit in any major international city in the world and that's my view of manchester — it's a major international city now. and obviously we'll take it over to beijing and to shanghai and to hong kong, and people will either buy or they won't. you know, we've got a lot of people locally in manchester that want to buy, but we want to make sure that this development is sold all around the world. it's a global project, w is a global brand, they demand that from us and we want the best. we want the best that we can possibly get. you've been critical of the uk government in the past — especially its housing policy. i think you're seen as a bit of a voice for working people back in the uk. but now all of a sudden you're here in asia and you're trying to sell your flats to wealthy people here. there's going to be people watching this who are saying, "well, gary neville's just part of the problem." we travelled all around the world as manchester united football players, staying in some of the best hotels. and when i came to manchester, i always felt hospitality standards weren't at the level that we've been exposed to in major international cities, and i want the best for our city. and this particular site, the strategic regeneration framework that was built ten years ago wanted a five—star hotel. it needed sort of apartments that lived alongside that in a high—quality commercial scheme. i'd love to be able to solve the affordable—housing problem in this country, in our country. but one thing i do always sort of tend to — not resent, but i tend to find strange — is that if you speak up for working people that you're not allowed also to make money. you can do both. you can have capitalism with a bit of compassion. you know, business people have to make profit. that's a fact. we have to make profit so that we can basically give our employees and our teams far more money, drive good jobs. st michael's — this project, i think, is going to create 2,000 newjobs in the city, which is for me incredible in an area that basically before, i think, had ten employees on the whole site — the one—and—a—half—acre site. 0k. let's talk about man united, their potential takeover. just talk me through where you stand on that. there's absolutely, i don't think, much doubt now that sirjim ratcliffe will come in as a minority shareholder in the next few weeks, maybe a couple of months, and try and forge a partnership with the glazerfamily, who are, you know, i suppose in some ways tainted at this moment in time in manchester. there's huge unrest at the way in which they're managing the club. sirjim ratcliffe's a very successful businessman, he's got great experience — you know, he's certainly not a fool. and i hope that basically him coming in can transform and bring a new energy to the club because it needs it badly, it really does. and ijust wanted to ask you about that david beckham documentary. seems like everybody�*s been watching it. a lot of people say you come out really well, that you're a really good friend, a loyal guy. that surprise you? no, no, no. what would you... what do you think? i mean, what feedback have you got? er... has anyone has anyone been saying that to you? because that's what a lot of people have been saying. i don't know, really. i mean, people have said that they saw me. i've not seen a lot of feedback on it, really. i mean, i saw... someone before said to me that they saw me, they were watching me in it yesterday and it was a shock to see me here — it was a woman in reception downstairs. but, no, not really. i think that everyone's really enjoyed the documentary. i think it's a brilliant... i think it's brilliant, the way in which his career — which obviously i witnessed for large parts of it first—hand with england and manchester united — has been brought together into these sort of four episodes. and ifeel like it's a... it reminds you of how great a football player he was. that's the thing that i feel really passionate about with david, obviously being one of his best friends, that people sometimes talk about the other stuff — which is great, and what he's done is fantastic — but he's a great football player who played for some of the best clubs in the world for 20 years. gary neville speaking to nick marsh. it's international fraud awareness week. organizations worldwide lose around $5 trillion of their annual revenues each year to fraud, according to the association of certified fraud examiners, an organisation which represents more than 90,000 anti—fraud professionals around the world. well, let's talk to the boss about this. john warren is chief executive of the association of certified fraud examiners. good morning to you and welcome to the programme.— good morning to you and welcome to the programme. good morning. $5 trillion, a _ to the programme. good morning. $5 trillion, a big _ to the programme. good morning. $5 trillion, a big number, - to the programme. good morning. $5 trillion, a big number, how- $5 trillion, a big number, how to get your head around but thatis to get your head around but that is lost to fraud on an annual basis.— that is lost to fraud on an annual basis. that's right. that is money _ annual basis. that's right. that is money coming - annual basis. that's right. that is money coming out| annual basis. that's right. i that is money coming out of public companies, private companies, government organisations, and really it's a huge drain on the global economy. that's money that should be going to pay wages and to hire people and develop projects or products and services and develop vaccines, build infrastructure. instead it is going into the pockets of criminals and that is why we are working on promoting international fraud awareness week because it is so important for organisations and individuals to understand just what a huge risk this is to themselves, their communities, their companies and the economy as a whole. their companies and the economy as a whole-— as a whole. anyone impacted by fraud is sadly — as a whole. anyone impacted by fraud is sadly well _ as a whole. anyone impacted by fraud is sadly well aware - as a whole. anyone impacted by fraud is sadly well aware of - fraud is sadly well aware of the risk, the pain, the loss. but many i've spoken to have experienced this, and we speak to people at bbc news who have experienced fraud, they say how difficult it is when they become a victim to actually get any kind of help from the organisations in place to help them. it organisations in place to help them. .., , organisations in place to help them. , . . them. it can be a real challenge. _ them. it can be a real challenge. there - them. it can be a real challenge. there are | them. it can be a real| challenge. there are a them. it can be a real- challenge. there are a few reasons. fraud can be difficult to prove, first of all. they are usually crimes that involve indirect evidence rather than direct evidence, so it is a complicated case to go through a prosecution. in terms of restitution, the bad guys, if they are savvy, they usually have moved the money before we can track it down, or they have just spent it. and so the unfortunate fact is that once people are defrauded as individuals, it can very often be hard to get restitution or recompense. the important thing is to understand how to prevent these crimes from happening in these crimes from happening in the first place. it gets back to awareness, understanding the warning signs and protecting yourselves, both as an individual and an organisation so that you never fall victim in the first place. that's the critical aspect.— in the first place. that's the critical aspect. for those who run businesses, _ critical aspect. for those who run businesses, watching - critical aspect. for those who i run businesses, watching now, and we are on air around the world and across the uk, what should they be doing, what is the top thing they should be thinking about when it comes to fraud awareness? the thinking about when it comes to fraud awareness?— fraud awareness? the top think they should _ fraud awareness? the top think they should be _ fraud awareness? the top think they should be thinking - fraud awareness? the top think they should be thinking about l they should be thinking about right now is international fraud awareness week, which is going on from november 12 to november 18. this is an opportunity where we are encouraging organisations around the world to really engage in global dialogue about fraud risk and fraud awareness and so we have a site, fraudweek.com, organisations can go there to be supportive organisations. you can download news and —— download, use and disseminate information to your customers, vendors, to really explain how fraud occurs, to understand where the risks lie. we've got great resources on how to build a more ethical organisation because within the fraud space, tone at the top is so important. having an organisation that values ethical activity and values compliance with procedures and processes and norms is a critically important to preventing and detecting fraud. how to build a whistle—blower programme, our data indicates that most frauds are detected ljy that most frauds are detected by someone who is not an entity fraud professional reporting it to a certified fraud examiner, an auditor, a board of directors. —— someone who is not an antifraud professional. we want people to know that fraud exists and it is a risk and what it looks like and how to report it. and what it looks like and how to report it— to report it. john warren, thank you _ to report it. john warren, thank you for _ to report it. john warren, thank you for being - to report it. john warren, thank you for being on i to report it. john warren, | thank you for being on the programme, chief executive of the association of certified fraud examiners.— the association of certified fraud examiners. thank you so much. quick _ fraud examiners. thank you so much. quick look _ fraud examiners. thank you so much. quick look at _ fraud examiners. thank you so much. quick look at markets. i fraud examiners. thank you so| much. quick look at markets. a brand-new _ much. quick look at markets. a brand-new week _ much. quick look at markets. a brand-new week is _ much. quick look at markets. a brand-new week is under - much. quick look at markets. a brand-new week is under way l much. quick look at markets. a| brand-new week is under way in brand—new week is under way in asia. some markets are finishing their day and it is fairly flat forjapan and hong kong. the price of oil down again tojust over $80 kong. the price of oil down again to just over $80 per barrel. that is a look at financial markets and those are the latest business stories. more on our website so take a look there. i will see you soon. hello there. after a quiet couple of days, things are looking a lot more unsettled now. certainly, for the next 24 hours, some of us could see a stormy spell of weather associated with storm debi. met office have a number of warnings issued and some amber warnings for severe gales across northern ireland, which could be extended across the irish sea into parts of north—west england and south—west scotland. now, storm debi is likely to affect much of the western side of the country through the night and certainly into monday morning. damaging winds and heavy rain, which will spread northwards. head online to check out all the latest weather warnings. here it is, a secondary small area of low pressure, close to the parent low, moving northwards. but the biggest impacts will be felt across the republic of ireland during monday morning. but heavy rain will spread northwards across all areas. and a mild start across the south, quite chilly in the north. a blustery start to all areas. that band of heavy rain will continue to spread northwards, eventually pushing into scotland as we move through the morning, particularly eastern scotland. but the winds really ramping up from around 6am onwards. gusts in excess of 60—70mph, northern ireland. across coastal parts of north wales, north—west england, maybe even higher, 70—80mph exposure. further south, it will be blustery through the morning, but not quite as windy as it will be further north. and into the afternoon, skies will brighten up for large parts of england and wales, with sunny spells and a few scattered showers. and it will be noticeably mild. highs of 13—16 celsius in the south, 9—11 further north. storm debi continues to pull away during monday evening into the north sea. then we're left with blustery conditions through monday night, scattered showers and clear spells. most of the showers in the north and the west. and again, most places will be frost—free, temperatures of 5—11 celsius. it stays quite unsettled as we head into tuesday. this area of low pressure sitting to the north—west of the country will bring showers or longer spells of rain maybe to northern ireland, certainly to western scotland. elsewhere, it's sunny spells, scattered, blustery showers. most of the showers pushing into western areas. a few eastern areas could see lengthier sunny spells. and again, it'll feel quite mild, temperatures of around 10—14 celsius. as we move through the week, it looks like it'll stay fairly unsettled. there is a chance of another spell of wet and windy weather perhaps across southern britain on thursday. certainly one to watch. but keep up to date with all the weather warnings with regards to storm debi. good morning, welcome to breakfast withjon kay and sally nugent. 0ur headlines today. gaza's main hospital is in a dire and perilous situation according to the world health organization, after power outages caused the neonatal intensive care unit to shut down. the prime minister's under pressure to decide the fate of the home secretary suella braverman after she was accused of emboldening far right activists involved in violent clashes over the weekend. the funeral of football legend sir bobby charlton takes place later. fans are expected to line the streets of manchester to pay their respects. in sport. manchester city pay the penalty as former player cole palmer rescues a point for chelsea with an injury time penalty in an eight goal thriller in the premier league.