Promised to us Hus Experience in business to bring down The Cost Of Living which has been one of the main issues in the election. New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian Party or whether they will also need to form a three Party Coalition with new Zealand New Zealand first, essentially a populist pork barrel politics party, and those of the two parties cannot Work Together very coherently on economic policy, so if its going to require a three Party Coalition its going to be very difficult to tackle problems. There is a two Party Coalition just with act, it will be more straightforward. As the former chairman of the reserve bank, what is your view on the Interest Rates being kept as they are . How will the new leadership cope with that . They will have to cope with it. The reserve bank is independent. Made, in my view, some major mistakes early in the covid period in the last government which where they loosen far too far which led to house prices increased by 50 at an already high level and theyve had that caught up with them and theyve had to increase rate substantially and the rest of the world is inflated as well, so theres no way that the reserve bank will be able to reduce Interest Rates and nor would the government want them to. If you talk about trade ties with other country, China Remains the largest trading partner. Are the results going to have any bearing on that if at all . The National Party has always been closer to china than the labour party. So i think that national and act together would be quite comfortable dealing with china. And they would also like to open up trade with india, as with the current, existing government, but of course that has been very difficult because of intransigence from the indian end. Also looking ahead to lots of news coming in later this week and its a big week for china as beijing hosts a Conference Tomorrow marking the tenth anniversary of president xi jinpings belt road initiative. This is his signature plan to build a Global Infrastructure and Energy Networks throughout asia, africa, Latin America and europe. Leaders from all of these countries are expected to attend, including russian president vladimir putin, who is likely to make a rare trip abroad. Meanwhile Country Garden is facing a big test on tuesday with a payment due on an offshore loan. The company had warned investors last week that it could not meet all of its foreign currency debt obligations. Then in midweek we are likely to get chinas latest Growth Figures for the three months into september, and analysts will be looking for signs that the worlds second largest economy is turning the corner after a covid related slump. It is said the recent Economic Data points to a slightly more optimistic picture. This time last month when the market was encouraged and we got some better retail sales and Industrial Production figures, this time around we hope to see retail moving from may be 4. 5 up to 5 but Industrial Production could take a step back from 4. 5 down to 4. 3 but i think investors will be happy to see some stabilisation there. I wanted to touch on the property sector which remains distressed and it is also having a huge impact on chinas attempts at making economic recovery. How do you see Country Garden missing the deadline . It could create some jitters. Weve seen that in previous months when there are chinese Property Giants in the headlines for the wrong reasons, that creates some anxiety amongst investors because the property sector is a source of weakness in the chinese economy more broadly speaking. So investors will be watching that closely, but i guess if we get some better numbers on the macro front it could change the headlines coming out in the coming weeks. If i could pull out of china for a moment and look at the overall picture developing globally and a lot of attention on the conflict unfolding in the middle east. What kind of impact are you anticipating that to have . The markets are definitely watching it closely. In terms of geopolitical conflicts, thats been going on in other parts of the world for the last 18 months, so markets are getting used to it to an extent but we will definitely be watching for any signs of escalation or spreading of the conflict, so in terms of assets to watch, we know oil was very reactive last week to the break out between israel and hamas. 0il spikes and with lost the gold is a safe haven place, so those are assets to watch. The markets will hope the conflict is contained but there is a risk of escalation we will keep trailers on it this week. We will be keeping an eye on all of those developments later this week but also keeping an eye on earnings season for corporate america. Financial giants Goldman Sachs and Bank Of America Will Reporting numbers on tuesday and all eyes will be on how the Banking Sector is performing when Interest Rates are at their highest level in more than 20 years. Midweek, we will get the Quarterly Report cards from two of the biggest names in tech today, netflix, as well as tesla. Investors will be looking out for the streaming giants Subscription Figures and as the tesla, deliveries will be what the market is going to Pay Attention to. More news now, and tiktok says its removed content and accounts which violate rules following the attack by hamas and israel. The Social Media Platform was responding to a warning from the European Union which called on it to urgently step up efforts to counter misinformation and explain how the platform was complying with european law. Social media firms have seen a surge of misinformation about the conflict such as fake images, as well as mislabelled videos. The eu has also handed x, formerly twitter, as well as youtube and meta, the owner of facebook and instagram, similar warnings along with a 24 hour deadline. Switching gears, mg motors says it is in a strong position to take advantage of the shift to electric cars. The brand which is owned by chinas seic motors says it sold vehicles totalling more than £1 billion in the uk last year. Thats 1. 2 billion. Mg says Sales Volumes have more than doubled thanks to demand for its electric and hybrid vehicles. Michael lewis is possibly one of the worlds most well known Business Journalists and hes written the big short, liars poker and in his latest book he has turned his attention to ftx, the failed crypto platform. He spoke to our reporter who began by asking him what had drawn him to the story of sam bankman fried, and the wider tale crypto currency. It wasnt just crypto, it was this thing had happened with crypto. They had gone from being a hobbyist pursuit to being a Global Capital market value of 3 trillion, so all of a sudden there was this new wealth and he was a good example of the new wealth. He went from having no money to having 22 billion in about 18 months. What interested me was how the world configured itself around him and the effects he was having. He was pulling strings in American Politics and global media, philanthropy, it was one thing after another and i thought it is a modern phenomenon and it could happen at no other time in history. If you made that kind of money in the past, and few did, you had to build railroads or dig oil wells, and theres something about the way capitalism is working now, coupled with the way that governments and institutions seem to be failing us, that thrust this kind of character into a socially Important Role that is preposterous. That is what interested me, was following that through the weorld. Financial regulators seem very much on the periphery of this story. In some parts of the world there doesnt seem too much regulation at all when it comes to trading crypto. Do you think that will change after this very high profile trial . The regulators have avoided regulating because they are scared of what is happening if they are in charge of it. Theyve been very good, the way theyve regulated in the states is not telling people very clearly what is allowed and not allowed and then fining people when they dont like what they do. Theyve not created an infrastructure and the result is that you have a Huge Exchange in the bahamas rather than in the us. One way to look at the story is it doesnt happen if the us regulators are into this because he would have moved the business to the us and they are scared of it and i think they will continue to be scared of it, and theres less pressure on the Master Regulator back when bitcoin was at 60,000. I think they are secretly hoping it goes away. Thats all for the moment. For more news and updates, stay with bbc news. Ina shop in a shop in Headingley A Transformation is under way. Shes using her skill and creativity to help solve a shameful problem. Along with her partnerjames, the couple are trying to make fashion more sustainable, starting on their own doorstep. Who could forget these shocking images of the tents and Camping Equipment left behind after leeds festival, hundreds of items treated as disposable and destined for landfill. It treated as disposable and destined for landfill. It was a bit rim destined for landfill. It was a bit grim to destined for landfill. It was a bit grim to be destined for landfill. It was a bit grim to be honest. Destined for landfill. It was a bit grim to be honest. A destined for landfill. It was a bit grim to be honest. A lot i destined for landfill. It was a l bit grim to be honest. A lot of people bit grim to be honest. A lot of people have a throwaway mindset, but a tent is not single mindset, but a tent is not single use. They are very durable single use. They are very durable and can be used again and again. When i sawjust how much and again. When i sawjust how much stuff and again. When i sawjust how much stuff had been left behind, it was really shocking. Along behind, it was really shocking. Along with other charities and upper cyclist, james retrieved tents and Sleeping Bags to make something new. I tents and Sleeping Bags to make something new. Something new. I got a laptop case, a something new. I got a laptop case. A bomb something new. I got a laptop case, a bomb bag something new. I got a laptop case, a bomb bag and something new. I got a laptop case, a bomb bag and what i something new. I got a laptop| case, a bomb bag and what we call a case, a bomb bag and what we call a festival bag, to be worn over call a festival bag, to be worn over the call a festival bag, to be worn over the shoulder. It� s call a festival bag, to be worn over the shoulder. Over the shoulder. Its an interesting, over the shoulder. Its an interesting, exciting interesting, exciting opportunity interesting, exciting opportunity because interesting, exciting opportunity because weve interesting, exciting opportunity because weve not worked opportunity because weve not worked with opportunity because weve not worked with that opportunity because weve not worked with that material worked with that material before worked with that material before. 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So i second and material we find and reuse, so i find second and material we find and reuse, so i find the second and material we find and reuse, so i find the whole reuse, so i find the whole experimentation reuse, so i find the whole Experimentation Processl reuse, so i find the whole Experimentation Process very interesting Experimentation Process very interesting interesting. For more stories from across interesting. For more stories from across the interesting. For more stories from across the uk, interesting. For more stories from across the uk, head. Interesting. For more stories from across the uk, head to| interesting. For more stories i from across the uk, head to the bbc news website. Hello. Welcome to sportsday, with me, hugh ferris. Our top stories. England reach the semi finals of the Rugby World Cup, where theyll be playing the defending champions, south africa. Afghanistans biggest win. They shook the holders, england, at the cricket world cup. And spain are heading to euro 202a. Their win in norway is enough for both them and scotland to qualify. Hello again. Welcome along to sportsday. There will be a repeat of the last Rugby World Cup final in the last four of this edition of the tournament. Defending champions south africa beat host france in paris, while in marseille, england secured their own place in the semi finals with victory over fiji, a match that was at one point comfortable for england but proved to be anything but. 0ur correspondent andy swiss was watching. Swing low, sweet chariot. England supporters arrived in fine voice but in a pre match sing off there was only one winner. The fiji fan club were hoping for an upset. Could their team deliver one . There seemed no chance, as england grabbed the initiative, tries from manu tuilagi and joe marchant, as they soon stretched clear. But if england fans were getting carried away, so were their players, as from 24 10 down fiji launched a stunning second half comeback and suddenly it was 24 24. And it was extraordinary. But to englands rescue the boot of their captain, as 0wen farrell kicked his team back in front and in the tent tensest finish, they held on, and look what it meant. England, to the delight of theirfans, into the world cup semifinal. What a match and what relief for england. Theyll need to improve to reach the final but they are through to the last four in the most dramatic fashion. Meanwhile, it was even closer at the stade de france. A thrilling first half provided six tries, including two from french prop cyril bay. The hosts led at the break, after which a much more tense Second Period had just the one try. But evan Etzebeth Paving the way for south africa to grab an advantage they wouldnt relinquish winning byjust a point, 29 28, and ending frances involvement in their home world cup. Defending champions england have suffered a shock defeat at the cricket world cup, losing in delhi to afghanistan, who in turn have registered the most significant one day win in their history. Patrick gearey has more. Afghanistan believe theyre getting closer to england and belief has always been important in their cricket