than 40,000 south african miners employed by anglo american. in a statement, bhp ceo mike henry said... anglo had rejected bhp's previous offers, saying they undervalued the company and its prospects. speaking of deals, it's been a big week for consolidation in the energy sector. the latest development? conocophillips�*s acquisition of marathon oil in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. people are stuck at home, not going out and not driving their cars. 0il at home, not going out and not driving their cars. oil prices crashed, but sent them, prices have come back then. —— back—up. take conocophillips. the share price has nearly tripled and now it's acquiring marathon 0il worth $25 billion including debt. that will help conoco expand drilling in mexico, north dakota and texas and are to equatorial guinea. large and midsize oil companies have been competing to buy up the smaller rivals. according to reuters, the deal—making totalled some 250 billion last year. 60 billion of that is thanks to this takeover of pioneer natural resources. another 353 billion is due to chevron�*s deal hess with. if this deal is approved by regulators, it will be expected to close in the fourth quarter of this year. erin delmore reporting. software giant sales force shares plunged in extended trading, down 16% — this after the company reported weaker—than—expected quarterly revenue. it's outlook for the current quarter also fell short of what analysts were expecting. the weaker guidance signals less optimism in the company's artificial intelligence strategy. to the shipping industry — there's been growing concerns about re—routing to avoid the suez canal that's creating more problems and higher costs. since last october, shipping vessels were forced to avoid the waters off yemen, after facing attacks from iran—backed houthi militias. but that's not all — ports and terminals are finding it hard to cope with the schedule changes after another key shipping short cut, the panama canal, restricted the number of ships that can pass through each day because of low water levels. that's been in place since last november. i spoke to industry expert peter tirschwell from s&p global market intelligence. things are actually calming down earlier, but the new twist is the demand that's really picking up, and so we're seeing early restocking, we're seeing fresh momentum in the global economy. 0ur economists s&p intelligence have raised their forecast for global growth, global gdp twice this year, so we're seeing a surge of demand, which is forcing up rebates and causing ingestion and renewing the general sense of concern over the global supply chain. you mentioned him and picking up, of course, we're about to enter the pre—christmas peak season. enter the pre-christmas peak season. ., . y enter the pre-christmas peak season. ., ., , , ., ,, , season. normally, this happens later in the _ season. normally, this happens later in the year, _ season. normally, this happens later in the year, usually - season. normally, this happens later in the year, usually in - later in the year, usually in july, august, september. we're coming right up on it. it appears as if potentially due to risks and mitigation strategies, you see companies move forward a number of there's shipments, which is creating a sort of temporary surge that we're seeing. another issue that you mentioned, the ships that are diverting around africa, which they have since september, that has absorbed a lot of capacity since a lot of longer transit times and absorbing a lot of capacity of containers themselves. containers are becoming scarce, and that's creating delays in companies' supply chains. creating delays in companies' suwly chaine— supply chains. what are the issues here? _ supply chains. what are the issues here? there - supply chains. what are the issues here? there are - supply chains. what are the issues here? there are lots| supply chains. what are the i issues here? there are lots of shi -s issues here? there are lots of ships entering _ issues here? there are lots of ships entering service. - ships entering service. services are taking approximately 40 new ships every month. he is a record amounts of deliveries. as he goes on, the strong likelihood is that there be additional capacity that will become available in the market that will force down freight rates and hopefully ease a port congestion. right now, we are in a mini period that could last for a couple months. ocean carriers can _ last for a couple months. ocean carriers can impose _ last for a couple months. ocean carriers can impose surchargesl carriers can impose surcharges with high demands, so this could feed into inflation if it hasn't already.— hasn't already. we're absolutely _ hasn't already. we're absolutely seeing - hasn't already. we're i absolutely seeing the hasn't already. we're - absolutely seeing the impact of the tighter capacity on the market because freight rates have gone up just market because freight rates have gone upjust in market because freight rates have gone up just in the last six weeks or so. they've gone up six weeks or so. they've gone up about 50%. prices across the industry are going up. the cost of hiring a ship if you're a shipping company, that has gone up. you're seeing very few idle ships because all of them are deployed. what you're seeing is at least as it stands right now, the available capacity of the system is incapable of handling is a man surge that we're in. , ., , we're in. -- this demand surge. s&p we're in. -- this demand surge. 5” global— we're in. -- this demand surge. s&p global has _ we're in. -- this demand surge. s&p global has raised _ we're in. -- this demand surge. s&p global has raised outlook. s&p global has raised outlook from positive to stable ahead of the country's collection. —— election. of the country's collection. -- election-— election. the s&p said they were doing _ election. the s&p said they were doing this _ election. the s&p said they were doing this because - election. the s&p said they were doing this because of| were doing this because of indian rough economic expansion. the report also said that they expect this growth momentum to carry on for at least the next two to three years. s&p added that irrespective of results, it expected continuity in india's economic reforms and fiscal policies. the government's increased shared and spending has helped, said the report, which they added would ease bottlenecks for the country on a higher growth trajectory. they said they would raise the risk if it narrows. if they can also downgrade india's outlook from positive to stable once again if the current account deficit widens even further, which could weaken india's position. here in southeast asia, let's take a closer look at the surge in foreign direct investment in vietnam. that's mainly from businesses de—risking their supply chain dependence on china, and outsourcing away from the world's second largest economy. but our next guest points out that china is back — this time as the top foreign direct investor in vietnam, and ready to do business. —— according to alex holmes. here's what he said about the impact of that increased chinese investment on vietnam's economy. a lot tends to get pinned on global trade tensions and the risking from china, and that certainly isn't a driver —— is a driverfor companies to a driver for companies to invest a driverfor companies to invest in vietnam. the a driver for companies to invest in vietnam. the coastal south china supply chains are of vital alternative. but vietnam itself is an attractive fdi destination for chinese investment. they may look to do their own production, to get around geopolitical tensions, or they just may around geopolitical tensions, or theyjust may be attracted to vietnam as a place to build things. wages continue to rise in central china.— in central china. when you say china is now _ in central china. when you say china is now at _ in central china. when you say china is now at the _ in central china. when you say china is now at the top - in central china. when you say china is now at the top of - in central china. when you say china is now at the top of the l china is now at the top of the direct investor in vietnam, what kind of changes have we've seen compared to five years ago? seen compared to five years auo? seen compared to five years ao? , ., , seen compared to five years auo? , . , ., ., seen compared to five years ao? , ., ,., ., ., ago? five years ago, china wasn't really _ ago? five years ago, china wasn't really a _ ago? five years ago, china wasn't really a large - ago? five years ago, china| wasn't really a large source of fdi. it's reallyjumped up the rankings, especially in the last couple of years —— fti. you've seen there's lots of chinese manufacturing looking to expand abroad into a different market. it's perhaps a natural progression that these chinese companies allow, very competitive on a global scale and looking to move into markets beyond their own borders. i5 markets beyond their own bordere— markets beyond their own borders. , ., , . borders. is about securing the labour force _ borders. is about securing the labour force that _ borders. is about securing the labour force that are - borders. is about securing the labour force that are slightly l labour force that are slightly more affordable than back home? yes, but it's also the fact that there's many factors other than labour costs. especially as we've had less of an issue in labour costs. some of it is driven by direct skin, some of his being able to sell into those markets —— d risking. it has a younger population and a well—heeled middle—class. before ago, the australian... is working with ticketmaster after a set to be hacked. shiny hunters claimed it accessed 60 million customers' details, allegedly included home addresses, phone numbers and payment card details. that is it for this edition of business today. thanks for watching. hello and welcome to sportsday. i'm marc edwards. here's what's coming up. its' a roland garros classic as iga swiatek —— it's a roland garros classic as iga swiatek fights back in epic clash with naomi 0saka world numberi scottie scheffler has all charges dropped by prosecutors after his arrest outside the pga championship. the more evidence that comes out, the more it shows that scotty was a victim here. the history makers — 0lympiakos become the first greek side to win a european club trophy as they beat fiorentina in the final of the europa conference league. hello and thanks for joining us on sport today. hello and thanks for joining us on sportsday. we're going to start at the french open in paris, where there was a thrilling and dramatic contest between defending champion and world number i, iga swiatek, and quadruple grand slam winner naomi 0saka. in a tense first set, the in—form swiatek, with four titles to her name already this season, took it on a tie—break. 0saka dominated the second overpowering her opponent to take it 6—1. the third set was an absolute nail—biter. the third set was an absolute nail—biter. swiatek 4—1 down and seemingly out. somehow surviving break points, and even a match point to take the set 7—5. the dream of achieving three—in—a—row at the french open is alive and well. but for 0saka, who only returned to the sport four months ago after having daughter shai a valiant end to her tournament. honestly, it's not the worst. like, ifelt honestly, it's not the worst. like, i felt worse for sure. i... i cried when i got off the court, but the... you know, for me, i kind of realised i was watching iga win this tournament last year and i was pregnant, and it wasjust my dream to be able to play her. so, when i kind of think of it like that, i think i'm doing pretty well. it's hard to have any logical thoughts because for sure, it was — thoughts because for sure, it was really intense. and i was in huge trouble in the third _ and i was in huge trouble in the third set, but i managed somehow to win this match, which — somehow to win this match, which is _ somehow to win this match, which is kind of extract, but i didn'i— which is kind of extract, but i didn't give _ which is kind of extract, but i didn't give up. over on the men's side — jannik sinner is making steady progress in his bid to win back—to—back grand slams. the australian open champion and number two seed enjoyed a comfortable victory over the 37—year—old frenchman richard gasquet. sinner winning in straight sets 6—4, 6—2, 6—4. carlos alcaraz had to dig deep to beat inspired qualifierjesper dejong. the spaniard looked subdued at times in a 6—3, 6—4, 2—6, 6—2 victory over a player ranked 173 places below him the two time major winner had to come from a break down he dominated most of. the points in the first set, and i was struggling to get to my good tennis, - or the tennis i was playingl in the first and second set. then in the fourthl set, i had to fight. i had to overcome the problems that i had much of the time - with myself, but really happy that i could get the win- in a good way at the end. earlier, ninth seed stefanos tsitsipas overcame a third—set wobble to beat germany's daniel altmaier 6-3, 6-2, 6-7, 6-4. he also had to recover from a being a break down in the fourth, with altmiar threatening to level the match, but the greek continues his bid for a first grand slam title. to golf, and all charges against world number one scottie scheffler have been dropped, following his arrest at the us pga championship earlier this month. the american was arrested outside valhalla golf club while trying navigate heavy traffic hours before his second round at the tournament. the charges included reckless driving and reckless driving and disregarding traffic signals from an officer. based upon the totality of the evidence, my office could not move forward in the prosecution of the charges filed against mr scheffler. mr scheffler�*s characterisation that this was, quote, a big misunderstanding is corroborated by the evidence. scheffler said on social media that he was pleased with the decision as was his lawyer outside of court. it's obvious he didn't do anything wrong, do anything wrong, and as i've said repeatedly, the more evidence that comes out, the more it shows that scottie was the victim here. and, you know, ithink everybody sees something like this happen and realises they're one wrong turn or running into the wrong person away from going to jail themselves. history made on wednesday as 0lympiakos became the first greek football club to win a european competition. they beat fiorentina 1—0 in the final of the europa conference league in athens. ayoub el kaabi the hero of 0lympiakos' run to the final with ten in the competition before kick—off. five in the semifinals against aston villa. the hero on the day scoring the only goal of the match it came four minutes from the end of extra time. do spare a thought for the italian side, though. it's the second consecutive year fiorentina have lost in the final of this competition. for 0lympiakos, though, it's greek immortality. it's that time of year — the off—season managerial merry—go—round — this one from burnley to bavaria. vincent kompany has been appointed bayern munich head coach on a three—year deal. the former manchester city captain retired from playing in 2020. he moved from anderlecht to manage burnley in 2022 and guided them to promotion to the premier league last year in his first season in charge. the clarets though suffered relegation from the top flight in may after finishing 19th. barcelona have confirmed hansi flick as their new manager on a two—year deal. it ends months of uncertainty at the club. the 59—year—old former germany manager takes over from xavi, who was sacked last week. england'sjude bellingham has been named la liga's player of the year. the real madrid man in his first season in spain scoring i9 league goals to help real win the spanish title and there's still more success to be had. the champions league final beckons of final beckons of course when real bellingham is the perfect player for modern football. like a hybrid of zidane, redondo and seedorf. he can be better than a zidane. way, way, way beyond anything any of us could have imagined. his impact this first season has been absolutely incredible. unbelievable. and he made an impact from from day one. people had a lot of concerns about how he'd fit in, how he'd integrate, about the reputation of english and british players in spain not lasting that long. jude bellingham was kind of blown all of that away. the clips of him celebrating against manchester city with the fans shouting in spanish. to come in and play— with an authority that makes it look like he'sjust not fazed by this. - i look at bellingham a little bit and i think there's - a lovely combination of two contradictoryl ideas in bellingham. he's the perfect player for modern football. that was the way that ancelotti played it. he's like the energiser bunny. he's like the energiser bunny. he had events, he attacks, is everywhere you see. how can you still be walking? fans want that. ~ , , that. when they see you give it our all, that. when they see you give it your all. they _ that. when they see you give it your all, they will _ that. when they see you give it your all, they will love - that. when they see you give it your all, they will love you. - your all, they will love you. he has an incredible ability to hreek— he has an incredible ability to break into the box at the right time — break into the box at the right time. �* , . . break into the box at the right time. �*, . ., , ., time. he's a team player and he's a football _ time. he's a team player and he's a football star. - time. he's a team player and he's a football star. it's - time. he's a team player and he's a football star. it's a - he's a football star. it's a very— he's a football star. it's a very difficult— he's a football star. it's a very difficult combination he's a football star. it's a i very difficult combination to find — very difficult combination to find to— very difficult combination to find to do— very difficult combination to find to do both _ very difficult combination to find to do both at _ very difficult combination to find to do both at the - very difficult combination to find to do both at the same | find to do both at the same time — find to do both at the same time. ., , ., time. one thing i really loved about watching _ time. one thing i really loved about watching bellingham i time. one thing i really loved i about watching bellingham this year and watching the reaction this year has been the long, long, long list of players he's been compared to. we compared them with alfredo _ been compared to. we compared them with alfredo distefano - them with alfredo distefano suffering like a hybrid of zidane... suffering like a hybrid of zidane. . ._ suffering like a hybrid of zidane... ., , ., ., ., zidane... he goes to napoli and scores a goal. _ zidane... he goes to napoli and scores a goal. the _ zidane... he goes to napoli and scores a goal. the way - zidane... he goes to napoli and scores a goal. the way that - scores a goal. the way that he's played, it's been little glimpses of all sorts of players. there is a zidane conspiracy and — the at elegance, the elegant. conspiracy and - the at elegance, the elegant. i've seen that's _ elegance, the elegant. i've seen that's where... - elegance, the elegant. i've seen that's where... you i elegance, the elegant. i've i seen that's where... you have seen that's where... you have seen he's