respects a stabilisation of the relationship. note that both sides referred to stabilisation rather than normalisation, which i think in many respects contains the genesis of this. slowly perhaps the steps towards normalisation. china proposed it would halt all australian wine tariffs, ending a three—year year dispute. is this a sign of things to come, especially on the trade front that there is room for progress? a lot of room for progress. we've come a long way from when the former government put in place the trade agreement between australia and china. some backsliding that took place over a number of years. consistent with the fact that the bilateral relationship was under significant pressure. a lot of those pressures still exist today. much of china's more assertive posture in the south china sea continues. since then, we've seen australia move forward with aukus, putting pressure on relationships. the fact that both sides are doing what they can to try to stabilise the relationship is a positive. of course china remains for australia as indeed it does for many countries the single largest trading partner. that is always a critical factor. wang yi also meeting business leaders, what can we expect to come from those closed—door meetings? china feeling tension and what are outflows of foreign investment for china. i suspect a key part of the pitch will say china is investable, a safe destination, countries and businesses should be looking to invest in china. having capital flow into the country is an important part of the chinese government's mission to ensure that they become prosperous before they come old. that remains no doubt a key message. it's time boeing focus less on production and more on safety and priority. michael whitaker visited the boeing facilities and spoke about his impressions and spoke about his impressions and findings in an interview on nbc nightly news. he called specifically about issues over the safety culture at boeing, which remains under the microscope of federal federal aviation officials, government officials and travellers, after a door blew off and alaska airlines jet mid—flight, leading to an emergency landing. a report by the national transportation safety board found that the bolts intended to hold the door plug intended to hold the door plug in place were not where they needed to be when the plane left the boeing facility. since then, their safety practices have remained in the spotlight. boeing said in a statement it is taking significant action to strengthen safety and quality and says it is focused on demonstrating change and building trust, one aeroplane at a time. turning to the us, where its central bank has started a two—day policy meeting, and a decision on interest rates is expected later today. but how are borrowing costs affecting businesses in the world's largest economy? the bbc�*s michelle fleury sent this report. americans are spending less on things they used to need. diane runs a salon _ things they used to need. diane runs a salon in _ things they used to need. diane runs a salon in harlem. - things they used to need. diane runs a salon in harlem. last - runs a salon in harlem. last uuarter runs a salon in harlem. last quarter it — runs a salon in harlem. last quarter it was _ runs a salon in harlem. last quarter it was very - runs a salon in harlem. last quarter it was very dismal. i runs a salon in harlem. last| quarter it was very dismal. it was the worst i've seen in a long time. was the worst i've seen in a long time-— long time. just when she thou . ht long time. just when she thought she _ long time. just when she thought she would - long time. just when she thought she would have l long time. just when she i thought she would have to long time. just when she - thought she would have to close her doors for good, business picked up. she hasjust hired two new stylists. figs picked up. she has 'ust hired two new stylists._ picked up. she has 'ust hired two new stylists. as we started ickin: two new stylists. as we started picking up. _ two new stylists. as we started picking up. it — two new stylists. as we started picking up, it was _ two new stylists. as we started picking up, it was the - two new stylists. as we started picking up, it was the week - picking up, it was the week after new year. i do believe the talk of interest rates going down and inflation going down, and thenjust going down and inflation going down, and then just everyone wanting to get back out there... after some of the federal reserve's aggressive campaign to tame inflation, many are eagerly awaiting their first cut to keep the economy humming. first cut to keep the economy humming-— humming. including on the campaign _ humming. including on the campaign trail. _ humming. including on the campaign trail. they - humming. including on the campaign trail. they are i humming. including on the - campaign trail. they are eyeing multiple interest rates cuts this year, to boost the economy in the run—up to the presidential election. but with the cost of service of spiking, jerome powell and his fellow holiday—makers might keep rates unchanged for a fifth time as they want more evidence inflation is returning to the 2% target. the risk is that the current economic strength won't last. ,, current economic strength won't last, ,, . ., ., , current economic strength won't last. ,, ., , ,, ., last. the us economy is strong, inflation coming _ last. the us economy is strong, inflation coming back— last. the us economy is strong, inflation coming back down - last. the us economy is strong, inflation coming back down to l inflation coming back down to the 2% target, but the longer they keep their foot pressed on they keep their foot pressed on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing _ something goes wrong. for small businesses preparing for - something goes wrong. for small businesses preparing for what - businesses preparing for what they hope will be another surge in demand, fed's first cut can't come soon enough. when it comes to video streaming, india is one of the fastest growing markets in the world. amazon's investment in making local content is paying according to the head of mgm studios. this report from mumbai. after commissioning a record number of shows and films in 2023, amazon prime video is doubling down on its plans in india. at this event in the financial capital mumbai, the big bosses of amazon have announced a plethora of new shows. across genres and languages. india is quickly becoming one of the amazon's most important markets. we will get for the next 250 million subscribers acquired are definitely going to come from outside of the united states. we're not going to be able to achieve that unless we do a really good job for customers in india as well. more people in the world are signing up for prime in india outside of the us and prime video is number one reason they sign up in india. they are all jostling they are alljostling for eyeballs. so amazon is having to raise its game. the growth in india's market is outpacing most in the world, revenues currently are at about $1.8 billion but they are expected to double in the coming years. that provides the like like of amazon prime video a long runway for growth. today is the united nations' international day of happiness. since 2013, the un has dedicated the 20th march to spreading awareness about the importance of happiness and mental well—being, including in the workplace. but with the rise of quiet quitting and employee stress levels, what more can be done to encourage joy at work? 0ne country is doing particularly well. nick powdthavee, economics professor at nanyang technological university in singapore. singapore has always been top in terms of happiness report rankings, and of course this is based on how satisfied we're with life — that doesn't necessarily mean we would be very happy with our job overall. so we knokw that things like if you have high income, security, high status, good health, these kinds of things those are big determinants of life satisfaction. in terms ofjob satisfaction could be a different factor. i understand, we all know happier workers are more productive. so in that regard, what should employers be doing to encourage that kind of environment? where we think about job satisfaction we tend to think about money. the higher salary you have, the most satisfaction in terms of how yourjob should be, that's not really the case. we actually tend to underestimate the importance of having a competent boss, for example. somebody who would acknowledge our work and give feedback. that's one of the big determinants of job satisfaction. don't underestimate a short commute to work. and controlling where and when you work. microsoft has announced that the british artificial intelligence pioneer mustapha to lehman will lead its new division microsoft ai. he founded deep mine, which was bought by google in 2014. —— deep mind. that is it for this edition. hey, i'mjulia with the catch up. tonight, a big day for wales, power to the football fans, and james bond rumours are flying. but we'll start in essex, where the first person in england and wales is going to jail for cyber—flashing. 38—year—old nicholas hawkes pleaded guilty to sending pictures of his genitals to a 15—year—old girland a woman. he's been sentenced to more than a year in prison for causing alarm, distress or humiliation. it's a new part of the 0nline safety act that was passed in january this year. some other stories now. in cardiff, mark drakeford has wrapped up his final day as welsh first minister. he's had the job for five years and was given a standing ovation after an emotional goodbye. the new welsh labour leader replacing him is vaughan gething, and he'll be the first black leader of any country in europe. a new law is being set out that would give more power to football fans. if it passes, there would be an independent regulator, separate from politicians and football authorities, that would keep an eye on the top five divisions of men's football in england. and who's going to play the next james bond? well, the sun newspaper reported that avengers star aaron taylor—johnson has been offered the role, although the bbc asked him as well as the company that makes the bond films, and we haven't heard back. i'll leave you with ten seconds of spring celebrations. yes, over 300,000 people are dancing, shopping, feasting and enjoying family reunions as an ancient persian new year's custom. so happy spring to everyone who's celebrating. and that's you all caught up now. have a good night. hello and welcome to sportsday — i'm gavin ramjaun. coming up on the programme. english football's new era, as the creation of the first independent regulator for the men's game is introduced by the uk government. chelsea are in complete control in the netherlands as they blow away ajax — their sights set on a women's champions league semi—final spot. and neutral athletes from russia or belarus won't be a part of the paris 2024 opening ceremony. we'll tell you why shortly. hello and welcome to the programme. it could be the start of an historic new era in english men's football — the creation of the first independent regulator moved a step closer, after the government introduced new proposals. if passed into law, a new body would oversee clubs across england's top five tiers, independent of government and the footballing authorities. here's our sports editor, dan roan. whether it's controversy over teams docked points for overspending, clubs getting into financial difficulty or the threat of a european super league, english football has faced various crises in recent