that while milei came to power on a chinese—sceptic platform, he also came to power on a pro—business platform, and one of argentina's most important business sectors — creating the largest number of exports, creating the largest amount of dollars — is agriculture. and where do those crops go? brazil, the eu and china. there's simply no practical way to cut ties with any of argentina's trading partners any more than brazil or chile or any of its south american neighbours can do. what do you see happening now that he is in office? well, if you'd like to think about an example that might repeat itself, just look to the north, in brazil. when president bolsonaro took power in 2019, he also came to power on a china—sceptic, pro—business platform, and while official lending paused during his time, trade and investment continued to grow to record levels. i would expect to see exactly the same thing happen in argentina. between trade and agriculture and investment in lithium, lithium batteries and electric vehicles, there's simply too much progress and too much momentum for breaking to be in anyone�*s interest at this point. javier milei on the campaign trail said many things. he said he's going to introduce the dollar as argentina's currency, he said he was going to scrap the central bank. do you see any softening in tone with regards to his campaign promises? well, we have yet to see whether or not the dollar will be able to be adopted within his first term. that will be a matter for his incoming finance minister and central bank head. however, it's likely that regardless of whether or not this happens, it won't happen in the first year, and so we have several wheat harvests, corn harvests that will be going out under the current regime — and this current regime, it's important to say, is benefiting very important political and economic sectors in his country — so i don't actually anticipate any of those radical reforms happening in such a way that it would cut off this lifeblood of dollars to the economy. rebecca ray from boston university there. from latin america to southeast asia. us chip—maker nvidia plans to establish a base in vietnam to develop the country's semiconductor industry. our business reporter david waddell has the details. nvidia's one of the world's top semiconductor manufacturers. it's a us, california—based company that was founded 30 years ago. and this man, jensen huang, was one of the three founders. he's now the company's ceo and he's been on his first ever visit to the southeast asian country. in meetings with the vietnamese government, he reportedly told them he regards vietnam as a home for nvidia, a place for attracting global talent. the company's already invested a quarter of a billion dollars there. on monday, according to reuters, mr huang was expected to discuss deals with vietnamese tech companies and government authorities. the trade tensions between the united states and china have made countries in the region other than china attractive destinations for chip design and manufacturing. vietnam's already host to intel's biggest chip assembly factory. this visit could mark the beginning of a new relationship to lure another big producer into the country. david milei there. —— david waddell there. let's take a look at what to come this week on our businesss calendar. on tuesday, the us is scheduled to release inflation numbers for november. the cost of living showed signs of easing in october. however, data in the past months show americans are still spending, and inflation remains well above the central bank's 2% target. the next day, the federal reserve holds its two—day meeting, its last one for the year. the us central bank has raised interest rates 11 times since early 2022 as it tries to curb inflation. rounding the week is a slew of economic data out of china. they include industrial production numbers, house prices and unemployment data all for the month of november. china has been facing an economic slump even after fully opening its covid borders earlier this year, including high youth unemployment and low domestic consumption. jameel ahmad from the online trading brokerage firm gtc says analysts are keeping close watch on what the fed has to say. we have to remember that already in november, december, it has been anything but loz for seasonal numbers for financial markets. it is been a bit of a roller coaster of the last couple of month between did see inflation ease, a significant decline from the highs of 9%just significant decline from the highs of 9% just one year earlier, but since then it has got a little bit up, and now we are starting to go back to pre—december level, and that is what we are expecting this week, but the main event is going to be the federal reserve, the us central bank, and that is because we have had this tug—of—war between the european central bank and us federal reserve expectations for the financial markets. looking at the fed, there was a distinct possibilityjust last night in november the fed might move in december —— last month. we need some guidance from the fed on whether they will ease in 2024 and whether could be any time before the summer months. ~ . ., , ., any time before the summer months. ~ . ., months. what are you most concerned _ months. what are you most concerned about _ months. what are you most concerned about at - months. what are you most concerned about at this - months. what are you most| concerned about at this time months. what are you most. concerned about at this time of year? is it the us interest rate or is it china's slowdown? actually it is global central bank policy because we've had such a shift in momentum in the past couple of weeks. november was the best month for global financial markets in terms of stocks and industries for years. it was the expedition the fed would lead the pack to cut interest rates first because after the gdp growth of the third quarter 2023 came out in 5%, we have a lot of concerning pessimistic signs from us federal reserve people that the condo slowdown, but we've had a jack—in—the—box moment because the european central bank has coming toward the slowest 2.6%, very close to the central bank target. that is why the market is shifting momentum back towards the euros, rather than the dollar, and now we are thinking that maybe we might have a left—field move here and it is going to be the european central bank that will cut interest rates first, which is why we are seeing such a shift in dynamics. why we are seeing such a shift in dynamica— in dynamics. inflation has not been that _ in dynamics. inflation has not been that been _ in dynamics. inflation has not been that been a _ in dynamics. inflation has not been that been a problem - in dynamics. inflation has not i been that been a problem here in asia, but this interest rates are still biting. what do you expect from the smaller economies in asia going into 2024? ~ economies in asia going into 2024? . ., economies in asia going into 2024? ~ ., ., , ., economies in asia going into 2024? ~ ., ., , 2024? we are hoping to see some imroved 2024? we are hoping to see some improved economic _ 2024? we are hoping to see some improved economic momentum, l improved economic momentum, significantly because we have seen some of the feedback. we have a member tell term ever we have a member tell term ever we have the cost—of—living increase in exports, imports and so forth, but that has not been helped by what has been headed relentlessly strong... —— we have to remember. should we see some signs of inflation easing, globally, specifically in the developed central banks, level —— that will go through into other economies. we cannot forget china is so important asia pacific wise. specifically in the asian region, that matters more as well. in other business news making headlines... foreigners will have to pay to put the fees on existing ones in australia. australian treasurerjim chalmers said this will, quote, help ensure for an investment in residential property is in our national interest. mr chalmers added that the move will generate around $300 million in revenue, which can be reinvested into the country. india has banned the exports of onions until the end of march next year, in a bid to curb surging prices. india is the world's largest exporter of onions, which are a staple in many local dishes. hundreds of onion farmers a blocked a key highway in india to protest against the government's decision. the move has also drawn reaction elsewhere. bangladesh officials raided several wholesale grocery stores and fined shops for overcharging, after news of the ban. the country relies on indian onion shipments. and that's it for this edition of asia business report. do keep watching bbc news. bbc news — bringing you different stories| from across the uk. they risk their lives to save others in peril at sea. last year, it cost the rnli £188 million to run its life—saving service. the donations mean the charity can keep improving its service, which includes building a new lifeboat station in cleethorpes. it's costing £3 million. it should have been opened in the summer, but the build's on hold after the first contractor went bust. the building site takes up 24 parking bays here, and north east lincolnshire council has charged the rnli just over £38,000 for the use of these while the building takes place, albeit the charges are on hold until the construction here resumes. north east lincolnshire council says the agreement with the rnli over the £38,000 reimbursement fee is in line with arrangements for similar building projects around the country. one opposition councillor is furious. it should be accepted as a loss, because the rnli are providing a brilliant service for this area and this town. the rnli says it negotiated the fee and that it always seeks to make best use of funds. for more stories from across the uk, - head to the bbc news 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 that scaffolding, work started to see it through the next hundred. a year—long conservation of a leaky chapel roof now complete, the focus shifts from conservation to sustainability. we are putting on 438 panels — that's 219 on each of the slopes, north and south slope. we will be complete by the end of december. so what does this all mean in real terms? well, power—wise, it means an anticipated 123,000 kilowatt hours per year. that reduces carbon emissions by more than 23 tonnes a year, the equivalent of planting over 1,000 trees. we are responsible for this amazing, iconic building representing tradition. but you know what? 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. and that's what we really wanted to do. and i think the energy of that came through. and i think we caught the moment. once complete, the panels won't change the view — a view that's equally stunning from below and above. for more stories from across the uk, - head to the bbc news website. hello and welcome to sportsday. i'm karthi gnanasegaram. here's what's coming up on the show. back on track — manchester city's winless run comes to an end, as they come from behind to beat luton town. the wsl title race hots up as arsenal have an emphatic win over hayes's champions chelsea. and lessons to learn, as england lose the game but still win the t20 series against india. hello, welcome along to the programme. we start with the premier league, where manchester city brought their run of four games without a win to an end after coming from behind to win 2—1 at luton. city were without the league's top striker, erling haaland, who was missing with a foot injury. and the home side took advantage at the end of the first half — elijah adebayo heading home to put luton on course for what could have been one of the big upsets of the season. but not to be in the end, as city came out and delivered in the second half. bernardo silva and jack grealish with the goals for the victory, which ends pep guardiola's streak of four league matches without a win. they're still fourth, two points behind aston villa. luton stay in the bottom three. that is the challenge. people say city's over already. ok, so this is the challenge that we have ahead of us. so prove them wrong and still be there in the way they run and they fight and they, you know, come here and behave like we behaved. i'm really, really, really proud. i thought we were really brave. i thought the performance was excellent. you know, without the ball, really aggressive. tried to not allow them to get their rhythm and get their game going.