and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let's talk about liquidity — i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given that the market is now pricing in increasingly probabilities of cut starting as early as april next year, the us dollar has been weakening versus other currencies, including gold and crypto currencies. in more news, the white house is challenging a deal that allows perdue pharma to settle lawsuits against it for $6 billion. the company has been criticised for making the opioid crisis worse, and families who lost loved ones say the deal allows the sackler family that owns the company to be partially protected. the case is being heard in the supreme court with justices divided over whether to approve the deal or not. here is what one of them had to say. 0nly because the sacklers have taken the money offshore, right? i mean, it's not like by operation of law it is necessary to do this. it is necessary to do this because the sacklers have taken the money and are not willing to give it back unless they have this condition. uber�*s stocks came close to a record high on monday after the company set to join leading american index of publicly traded companies. our business correspondent in new york has more. the snp 500 is readying for a new member — uber is set to join the elite index later this month. investors are pleased. uber�*s stock ended monday up more than 2% after rising around 5% in early trading. that put shares not too far off from their all—time high of $63.18 apiece. that was back in february 2021. and it is a turnaround story for uber. shares are worth more than double what they were at the start the year and nearly triple what they were worth in december of 2022. that was the summer when many workers left their jobs. what we call "the great resignation". labour shortages were particularly acute in jobs that require people to do their work in person, like driving a car. when it came to share price, rising interest rates did not do the company any favour. so, uber is readying for a celebratory milestone and an influx of attention. people who invest in snp 500 index funds own a stake in all of those different stocks. so, when uber or any company becomes included in the snp 500, that can send a jolt to its share price. in other stories making business news, the president of the cop28 summit in dubai has hit back at criticism, saying his work is being constantly undermined. sultan aljaber, who heads up the uae state oil firm adnoc, said this after a leaked video emerged of him saying there was no scientific evidence for a need to cut completely the use of fossil fuels. he has insisted since then that he does respect climate science. a big row when it comes to oil. the president of the south american country guyana has accused venezuela of trying to create a conflict over the disputed oil—rich region of essequibo. on sunday, caracas held a referendum on its claim to the territory, which it says was wrongly assigned in the 19th century to the british colonial authorities ruling guyana. the president said he wanted to assure his guyanese countrymen that there was nothing to worry about. after ten yea rs, after ten years, if it is a story of love and crime and its first female protagonist alysia and an unnamed male lead. the developer released the trailer 15 hours earlier than expected after it first leaked online. the trailers as the game won't be released until 2025, so fans will two way to play it. now to the china property market. evergrande has been given more time to work out a deal with its overseas creditors. on monday, a hong kong court adjourned the meeting that could have started the process of liquidating the company. we broke down what this would likely mean for the world's most indebted developer. the sixth of such adjournment will give them another month or so to try to figure out a better plan around restructuring. it is really a rough deal for most of their creditors, more than half of their debt is not collateralised. and recovery rates are expected to be in the low single digits. so this just buys a bit further time for them to try one more proposal before total liquidation goes through. ben, you feel the situation is not as bad as some may make it out to be. in terms of the property sector, would you say that there is still investor interest? it is challenging. they are going to have to rebuild demand. they're going to have to rebuild confidence in the economy before those young couples and others start considering buying or investing in real estate again. there is still a $450 billion gaping hole in the ecosystem, 20 million unfinished properties. so they are going to have to jump—start the credit engine before those get finished and a lot of them probably are still unsold today. staying with the chinese property market. in 2016, as part of the country's massive belt and road initiative, the developer country garden unveiled a $100 billion project in southern malaysia called forest city. almost a million people were supposed to live there, but eight years on, country garden faces colossal debts and the complex is now locally regarded as a ghost town. nick marsh spent a night in forest city and sent this report. we are right on the tip of southern malaysia. there is something strange on the horizon. locals call it ghost city. 0n first impressions, you can see why. ok, this is forest city. it is a bit dark. i think someone�*s forgotten to turn the lights on. it is hard to believe that anyone actually lives here. 0h, here they are. even in mid—afternoon, forest city feels more like a haunted house than a happy home. do you feel like it is a ghost town? from what i've seen so far, yes. i would have to agree. yeah? maybe you should try after 12. we may be 3,000 miles from beijing, but residents likejoanne are trying to weather a storm in china's property sector. she wants to get out of forest city. and as night started to fall, i met someone who already had. ifeel free, to be honest. i feel finally i escaped. this multibillion—dollar project is supposed to be good, it's supposed to meet expectations. but it is frustrating. the property developer country garden sold this place as a thriving eco—friendly community with beaches, bars, restaurants. it was a chance for chinese investors to own a second home abroad and rent out to locals. but as we have already seen all over china, ambition did not match reality. chinese government controls on how much companies could borrow and how much chinese citizens could spend on foreign property have left forest city in disarray. this place was supposed to be a restaurant. i think behind me, judging by the looks of things, it was supposed to be the kitchen. now, country garden's slogan for this whole place was a prime vision forfuture cities. but you just take a look around. it does not really seem that way. country garden insists that the project will be finished. but with the company facing debts of nearly $200 billion, it is hard to see how. forest city was supposed to house a million people. right now, it is 1% occupied. like so many chinese properties of development, this place seems to be going nowhere. nick marsh, bbc news, johor. bbc news contacted country garden group in china and received no response. the overall operation was safe and stable. that is all for now, but do stay on for bbc news. vmcsovsk: bbc news, - bringing you different stories from across the uk. locals say they live here for the countryside, the wildlife and the peace, but that could change as a new prison is set to be built here. kevin bowden has lived in gartree for over 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 the sheep and the wildlife, i'm just going to see a wall of prison. 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 harborough district council. however, that refusal has now been overturned on appeal by communities secretary michael gove. i'm astounded at this decision. i think it's completely the wrong decision, and as one member of the public described it to me this morning, they see it as a slap in the face for democracy. it's always been the wrong place. these are country lanes, a country area where they're trying to facilitate this. a spokesman for the mo] said that "the decision at gartree "is critical to delivering the 20,000 extra places we need "to keep dangerous offenders off the streets, and it'll "boost the local economy by creating hundreds "of newjobs." protesters here say they'll fight on. they're calling for a judicial review. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. tonight, weather warnings. china gets its pandas back. and do you think you've got rizz? first, billie eilish has asked people to stop speaking about her sexuality and accused variety magazine of outing her. in a recent interview, the singer said she was attracted to women and at the magazine's awards, was asked if she had meant to come out. on her socials, she sarcastically thanked variety for outing her instead of talking about anything that matters. 0n the red carpet, she also said she did not believe in people having to reveal their sexuality, saying why can't we just exist? some other stories now. rizz has been named word of the year by oxford uni press. if you don't know, basically, it means if you are good at flirting, that means you've got rizz. eight words were on the list including situationship. now, we all know a mate in one of those. next, there have been issues across the country because of the weather. ice and snow has been causing problems, especially in cumbria. still a yellow warning for ice in eastern scotland and rain across east england. if you thought you struggled with your driving test, think again. 0ne unnamed learner failed their theory 59 times before passing. that is the most ever. they have been praised for their amazing commitment, spending over £1,000 and 60 hours to get there. time now for ten seconds of pandas. this pair have left edinburgh zoo after being on loan from china for 12 years. they were loaded on the plane this morning with bamboo to snack on before taking off. you are all caught up now. see you later. hello and welcome to sportsday. i'm chetan pathak. coming up on the programme: rivalries renewed as scotland prepare to meet england, but suggestions the home side will take it easy to help their 0lympic chances hasn't impressed their captain. i think it is absolutely outrageous to question anyone�*s integrity and i think it's a huge insult to us. rugby union referee tom foley says he's stepping away from officiating at the highest level after social media abuse following the world cup final. and tiger rediscovers his roar, saying it was fun to play competitive golf once again eight months on from his last appearance. welcome to the programme. thank you forjoining us. we start with football and the final round of crucial women's nation league on tuesday, with plenty still to be decided.

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