relations have been tense between the two nations, after a series of trade tiffs over agricultural products and wine. despite that, china remains australia's largest trading partner, with two—way trade rising 12 percent to over $316 billion last year. also just last week, beijing proposed lifting all tariffs on australian wine, which could end a three—year long dispute. for more on what we can expect from this bilateral visit, let's bring in former trade and tourism minister, steven ciobo. there is without any doubt been a long period now of strain by relationships. this is it signals in many respects a stabilisation of the

relationship. 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 ten exxon australian wine in a three—year year dispute. is there a sign of things to come, especially on the trade front that there is room for progress? fix, that there is room for progress?— that there is room for progress? that there is room for rouress? ., ., ., progress? a lot of room for progress- — progress? a lot of room for progress- we _ progress? a lot of room for progress. we come - progress? a lot of room for progress. we come a - progress? a lot of room for progress. we come a long l progress? a lot of room for i progress. we 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 by two election 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, putting pressure on relationships with up 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. ., ,., factor. the also meeting business _ factor. the also meeting business leaders - factor. the also meeting business leaders for - factor. the also meeting business leaders for can | factor. the also meeting i business leaders for can we expect to come from those closed—door meetings? the expect to come from those closed-door meetings? the china feelin: closed-door meetings? the china feeling tension _ closed-door meetings? the china feeling tension and _ closed-door meetings? the china feeling tension and what - closed-door meetings? the china feeling tension and what are - feeling tension and what are outflows of foreign investment for china. i suspect a key part of the pitch will say china is investable, the safest nation, countries and businesses should be looking to invest in china. having capital flow into the country is an important part of the chinese governments mission to ensure that they become prosperous before they come old. that remains no doubt a key message. 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

federal aviation chief says it's time boeing focused less on production and more on safety and quality. where mr whitaker says boeings priorities have not been put up he visited boeings facilities recently and spoke about his impressions and findings with an interview with abc nightly news. he called out issues around the safety culture at boeing. his comments come as boeing. his comments come as boeing remains under the microscope forfederal boeing remains under the microscope for federal aviation officials, lawmakers, business leaders and travellers. that's on the heel of a january incident involving a door plug blowing off in alaska or airlines jet blowing off in alaska or airlinesjet mid—flight blowing off in alaska or airlines jet mid—flight and inspiring an emergency landing. a report by the national transportation safety board found that the boats intended to hold the door plug in place work with they needed to be when the plane last boeings facility. since then boeings safety practices have remained in the spotlight.—

in the spotlight. boeing has said in a statement - in the spotlight. boeing has said in a statement that - in the spotlight. boeing has said in a statement that it l in the spotlight. boeing has| said in a statement that it is taking significant action to strengthen safety and quality. the company says it's focusing on demonstrating change in building trust one aeroplane at a time. it adds that this increase to scrutiny weather from her soft, the faa or others will make us better. stay in the us with the central bank is started a central policy meeting and business rates expected later today. how are borrowing costs affecting businesses and the worlds largest economy? michelle flores at this report. cutting back for the _ flores at this report. cutting back for the americans - flores at this report. cutting | back for the americans seem flores at this report. cutting i back for the americans seem to be spending less on the things they used to have to have like a visit to the hairdresser. it's putting a strain on small business owner diane decoster who runs this along. 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 your doors for good business picked out. she'sjust had dues

hired two new stylus. it started picking up the week after new year's. i do believe the talk of interest rates going down and inflation going down and everyone wanting to get back out there. so down and everyone wanting to get back out there.— get back out there. so after the federal— get back out there. so after the federal reserves - get back out there. so after - the federal reserves aggressive campaign to tame inflation and many are eagerly awaiting the reds singing feds first rate cut to keep the economy humming. —— rate. the fed is eyeing multiple rate cuts this year. those moods could boost the economy in the run—up to the economy in the run—up to the novembers presidential election. but with the cost of services spiking jerome powell and his federal policy makers are likely to keep rates unchanged for a third straight time. they want more evidence that inflation is returning to 2% target. the risk is that the economies current strength won't last. economies current strength won't last-— economies current strength won't last. economies current strength won'tlast. ,, ., , ,

won't last. the us economy is stron: , won't last. the us economy is strong. and — won't last. the us economy is strong, and inflation - won't last. the us economy is strong, and inflation is - won't last. the us economy is| strong, and inflation is coming back down to the 2% target. but the longer they keep their foot pressed on their break the more likely something goes wrong. the small businesses preparing for what they hope will be another surge in demand, the feds first cut can't come soon enough. unilever says it will spin off its ice cream business and cut 7500 jobs worldwide as part of an extensive cost—saving programme. the maker of ben &jerry�*s, wall's and magnum brands says the move will save $870 million over the next three years. shares were up nearly 6% at one point after the news was announced. when it comes to video streaming india is one of the fastest growing markets in the world. amazons investment in making local content is paying according to the head of mgm studios. , ,., according to the head of mgm studios. , ., studios. this report from mumbai- _ studios. this report from

mumbai. after _ 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 of the big bosses of the amazon have announced a plethora of new shows. india is quickly becoming one of the amazons most important markets. we will get for the next 250 million subscribers acquired a definitely get a come from outside of the united states. we're knocking to be able to achieve that unless we do a really good job for customers in india as well. more people 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. in any given week in 2023 india content was watched in over 210 inch gash. like 2023 india content was watched in over 210 inch gash.— in over 210 inch gash. like the amazon and — in over 210 inch gash. like the amazon and amazon - in over 210 inch gash. like the amazon and amazon prime i in over 210 inch gash. like the amazon and amazon prime all leaked to the eyeballs with up

the current market leader merging with current millionaire amazon is having to up millionaire amazon is having to up 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 current 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 encouragejoy at work? 0ne country is doing particularly well. for more on that — let's bring in nick powdthavee

economics professor at nanyang technological university in singapore. singapore has always been top in terms of happiness report for the a course this is based on how satisfied we're with the life for that doesn't necessarily mean we would be very happy with ourjob overall. so we note that things like if you have high income, security, high status, good help these kinds of things that those are big determinants of life satisfaction. in terms of job satisfaction could be a different factor. i understand, we all know — different factor. i understand, we all know happier _ different factor. i understand, we all know happier workers l different factor. i understand, l we all know happier workers are more productive. so in that regard what should employers be doing to encourage that kind of environment?— environment? where we think about 'ob environment? where we think about job satisfaction - environment? where we think about job satisfaction we - environment? where we think| about job satisfaction we think aboutjob satisfaction we think aboutjob satisfaction we think about money. in hindsight 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 ofjob satisfaction. determinants of “0b satisfaction.�* satisfaction. don't underestimate - satisfaction. don't underestimate a l satisfaction. don't - underestimate a short satisfaction. don't _ underestimate a short commute to work. that always makes life that more bearable. that is it for this edition of asia business report.

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 girl and 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 will 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 your call up now. have a good night. hello there and welcome along to sports day. i'm gavin ramsay. and 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's. chelsea are in complete control in the netherlands as they blow away ajax, their sights set on a women's champions league semifinal 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 there and welcome along 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 rowan. 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 years. when's your next game?

and today, the government published