it is the world's most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do — basically all of the powers as given by court to them in the court order. we'll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing climate conference cop 28 in dubai has emerged. sultan al—jaber, the head of the conference, recently cast doubt on the world's ability to phase out fossil fuels without, as he put it, going back to living in caves. sultan al—jaber is also the head of the abu dhabi national oil company, adnoc, massively ramping up its own oil production with risdon energy estimating it will drill 42% more by 2030. our business reporter david weddell told us what people have made of an oil executive leading these climate talks. the climate campaigner called it completely ridiculous but the british government amongst others has defended him and one of the key architects of the 2015 paris agreement has also defended his appointment saying that he and his team are uniquely placed to persuade the fossil fuel industry to move towards a green future. a key agreement secured already. companies have committed to $420 million for areas suffering the effects of global warming. mr al—jaber has called that a unique back unprecedented achievement and he has encourage countries to commit to deeper cuts to emissions, to treble your renewable power into double energy efficiency. meanwhile, on a par to become of the world number two oil produced a second over to saudi run corporation. right now it is number 12 and would not feature on a graph like this. but looking here at total oil production between now 2050. for... it is 35.9 billion barrels of oil. the mrs associated would equate to... by the year 2050, more than the annual emissions of china, the world's largest emitter. the international energy agency has said that adnoc�*s expansion is simply incompatible with the paris agreement objective. let's take a look at what is shaping up to be a busy week. on tuesday, we will get a snapshot on the cost of living in south korea and how its economy has been performing. later that day, australia's central bank is set to deliver an interest rate decision and it comes a day before the economic growth numbers. then on thursday we're going to be focusing china, which releases trade data, with investors looking for signs of recovery and exports from the manufacturing powerhouse. on friday we will turn our attention to india, the turn of the central bank there to announce a decision after the rates of ease for the last three months. finally, we will look at the us, where we closely watch numbers of us unemployment. a partnerfrom you back partners gave me her take on what to expect. unemployment data is likely to continue to slow and as have indicated by many other indicators such as inflation and the like, we expect the number to be weaker than expected and that is likely to lead to a further conviction in that the interest rate is now on hold. in terms of china, we're also expecting trade data there. what is your sense of the numbers likely to come out on that front? from china, the numbers are likely to be stronger. the trade data, the export, likely to be down here i knew just over 1% versus over 6% in the previous month but now this is cycling very weak numbers so it is an illusion of things are better but still pretty tough. but net—net we think that china data will be providing some sort of relief that things have not gone a whole lot worse compared to the previous prints. a few interest—rate decisions on inflation data in the region this week. anything particular you are watching out or of interest? here in australia we do have the interest—rate decision there. we think it will be on hold at 4.45%. december rate rise is not a usual practice for the rba here in australia and plus recent inflation number has indicated things are cooling down. 0ther rate decisions around the region is likely to be on hold as well. in terms of inflation, i think we should see inflation similar trends across the region, just as we are cycling some of the tougher or easier comms from the previous period and the cost—of—living inflation is now really slowing down across the region. that was a preview but do stay tuned to asia business report for more on all those numbers wejust talked for more on all those numbers we just talked about. the british swedish drug maker astrazeneca says it signed a deal worth a quarter of $1 billion with an artificial intelligence company to design an antibody to fight cancer. a biologics firm and designed generative al to design optimal drugs to best match the patient with the el model also taking into account safety and ease of manufacturing. it is unclear exactly which cancer treatments will target. let's get your news from india now which is seeing a boom in luxury spending helping carmakers like mercedes—benz clock up strong sales in the country. the boss of mercedes india told the bbc about his company's performance in asia's third—largest economy. it isa it is a combination of multiple factors. firstly, demographic. to start, there are a lot of younger customers now today who have studied abroad in different parts of the world they come back they want to continue consuming inaudible in our portfolio... it was 8% pre— pandemic and now it is 15%. the second biggest trigger is also the economic factor because what we are seeing both gst, which is when uniform tax across india and inaudible , a lot of money is now declared as income and legit which also means that consumers are able to apply for loans and able inaudible why are you not exporting out of india and what is your strategy of using your india production hub from local standpoint? the indian operations and plant is catered for their market is such. 0n the other side, the enablement for export is also fdas and free trade agreement should be in place in india is signing up a couple ——be in place in india is signing up a couple of them but there are still more in the pipeline for us being german company based out of europe the european fda is wanting for sure. one big thing that we are looking at keenly i...mminent and government has warned them with concessions reportedly. how are you viewing this? in terms of concessions? i think on one—side free trade is welcome because economics are talking but they can happen. in the press reports. out of us always should be a level playing field for any un trend for the local we are investing now for more than 30 years with this plant and here so it should be a level playing field when it comes to investments, and criteria etc we will have to wait for it. how important is india from a technology and are andy perspective in terms of getting stop these elements in place? this has never happened in the past. that shows there is a lot of interest. in europe this time of year traditional christmas markets are a good tourist drawcard. in europe, many are taking place without music after operators complained about excessive demands of royalty. 0rganises in the southern city of regensburg said they have been asked to pay six times more than usual. the organisation collecting royalties on behalf of composers and lyricists have denied increasing rates and that christmas markets are commercial events rather than charitable gathering.— charitable gathering. that's all for the _ charitable gathering. that's all for the moment - charitable gathering. that's all for the moment on - charitable gathering. that's all for the moment on asia | all for the moment on asia business report. you can find more on the bbc website. thank you for watching and do stay with bbc news. bbc news bringing you different stories from across the world. local say they live here for the peace and wildlife. cameron guthrie has lived here for over 20 years. guthrie has lived here for over 20 yew-— guthrie has lived here for over 20 ears. ., . , 20 years. concern is when i get u . 20 years. concern is when i get u- in 20 years. concern is when i get up in the _ 20 years. concern is when i get up in the mornings _ 20 years. concern is when i get up in the mornings and - 20 years. concern is when i get up in the mornings and open i 20 years. concern is when i get | up in the mornings and open my curtains, i'm not going to see the fields behind me, with a sheep or wildlife, i'm just going to see a wall of prisons. plans were first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by the district council. however, that refusal has now been overturned on appeal by community secretary michael gove. i community secretary michael gove. , ., , gove. i understand this decision _ gove. i understand this decision is _ gove. i understand this decision is a _ gove. i understand this| decision is a completely gove. i understand this - decision is a completely wrong decision is a completely wrong decision and is one member of the board described to me this morning, they see it as a slap in the face for democracy. this is so is been the wrong place the doc visa country lanes, a country area where they are trying to facilitate this. fix, trying to facilitate this. a spokesman for the emmojz trying to facilitate this. a spokesman for the emmo jz are spokesman for the emmojz are present at the artery is critical for delivering the 20,000 extra places we need to keep dangerous offenders off the streets and it will boost the streets and it will boost the local economy by creating hundreds of newjobs. hundreds of new jobs. protesters hundreds of newjobs. protesters here say they will fight on, they are calling for a judicial review. for more stories from across the world, head to the bbc website. one of the most iconic buildings in britain, king's college chapel, has been turning heads and craning necks for almost 600 years. but 160 feet up above scaffolding, work has started to see it through the next 100. a year—long conservation of a leaky chapel roof now complete, the focus shifts from conservation to sustainability. we are putting on a38 panels — that's 219 will reach these ——on each of the north—south slope. we will be complete by the end of december. what this mean in real terms? power wise it means an anticipated 123,000 kilowatt hours per year. that reduces carbon emissions by more than 23 tons a year, the equivalent of planting over 1,000 trees. we are responsible for this amazing, iconic building building representing tradition. but the college is really about education. young people always looking into the future and as we look into the future we know we have to be serious about sustainability. that is what we really wanted to do anything and the energy of that came through and i think we caught the moment. 0nce complete, the panels won't change the view, a view equally stunning from below and above. for more stories from across the uk, head to the bbc news website. hello and welcome to sportsday. this is what is coming up on the show. rocket ronnie does it again, extending his incredible record with an eighth uk championship title. tottenham's late strike drops manchester city down to third in the premier league. and despite a host of changes, england's disappointing one day form continues. so welcome to the programme. lots coming up and we are starting with snooker, and another record—breaking night for england's ronnie 0'sullivan, as he won a record extending eighth uk championship title. nick parrott reports. 30 years separate ronnie 0'sullivan�*s first major trophy from his latest. back then, he was a freshfaced 17—year—old. this was an early 48th birthday present for wednesday. i always keep beating myself up because of the age thing, i keep thinking at some point i've got to stop winning at some point, but i keep doing all right, so i'll keep going until the wheels fall off. they have almost fallen off a few times. his struggles with depression, alcohol and drugs are well documented. he arrived at york barbican facing a disciplinary hearing,
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