all the details. 1a years ago, us government approved the merger with ticketmaster. since then live and nation has grown into a powerhouse putting on concerts, selling tickets, owning venues and representing hundreds of artists. the government is suing it now calling it a monopoly that uses its various footholds to enrich itself and squash competition. in a press conference on thursday the attorney general merrick garland pointed to the exorbitant fees and technological failures that have angered concert—goers and artists and called the company's conduct anti—competitive and illegal saying it is time to break it up. our complaint makes it clear what happens when a monopolist dedicates resources to entrenching monopoly power and insulating itself from competition rather than investing in better products and services. we allege that live nation has

illegally monopolised markets across the live concert industry in the united states for too long. live nation denies that it is a monopoly and says a breakup would not mean lower ticket prices or fees for fans. for more on the story head over to our website where we have more analysis on the story. tesla boss elon musk has spoken out about the biden administration's tariffs on chinese electric vehicles. musk says he is not in favour of the measures as they will distort an already competitive market. the tariffs take effect on august one. we are keeping a close eye on the unrest in new caledonia. the french president emmanuel macron has wrapped up his 24—hour visit the territory. he pledged not to force through a controversial voting reform in the territory after weeks of deadly rioting. new caledonia is also the world's one of the world's leading producers of nickel

and accounts for 6% of global supply. recent disruption sent nickel prices to a nine—month high. i spoke to a principal analyst and asked for an outlook on the nickel industry given this backdrop. the price has been impacted by the unrest in new caledonia. we would suggest that nickel prices are certainly ahead of fundamental somewhat. we have been in an oversupplied market for the last few years with a large surplus last year of over 250 kilotonnes. while we expect that to come down quite radically this year to maybe less than 100,000 tons of nickel in surplus we are still much oversupplied in the market and this is very much around the introduction or emergence and continuing

emergence of indonesia as a powerhouse in the sector. what happens in new caledonia is driving sentiment so that sits behind a few other things that have happened this year in the market with certain closures at various operations also informing supply becoming tighter. also russian material being removed from the lma which happened in april and now this unrest in new caledonia. tell us about the impact of the unrest in new caledonia and what it is done to companies. it sits in a difficult position and has done for some time. in february we saw glencor, one of the major shareholders decide to remove itself or place the operation on maintenance so even prior to the unrest there has been difficulty because the operations they are are notoriously high cost.

power prices are high as arelabour costs. so that contributes to these operations sitting at the high—end of the coast curve. it was a difficult situation prior to the unrest. you may be familiar with formula 1 but another motorsport event, formula e, makes a return this weekend to china. it's as late as generation are quicker than f1 cars that run on fuel. i spoke to the ceo and asked him about the growth he sees for electric racing. there's two ways of talking about speed. there is a top speed, over200 mph, but where we really benefit is in acceleration. the acceleration of the car, we've just launched in monaco, will get us to 100km an hour injust over 1.8 seconds, which is about 30% faster. than a current formula 1 car. that is incredible.

i could just imagine the g—forces involved. formula e is returning for the first time since the pandemic. how has it been growing? we're in our tenth anniversary year here and actually, our very first race was in china, in beijing in 2014. it's great to be back here in china in shanghai. if you think about where we started, we were very much a start up business back in 2014 with no fan base. as we head to china this year, we have around 400 million fans now around the world, growing between 20—30% every year. how keen is china for the growth of this sport? china always is a massive market by population, but two other key things over here, the number of manufacturers and 0ems coming out of china and the most prominent manufacturers around the world. i talked about having 400 million fans around the world. we actually have in excess of 100 million of them basesd here

in china. how do you see formula e competing when it comes to the attention of racing fans? very different sports. formula 1 is about 75 years old, formula e, only ten years old. we're also quite different. in terms of the competitive nature, if you're a formula 1fan, we're about seven races into the season. we find max verstappen winning five races. in formula e, we're ten races in formula e. we have had eight different winners so far. 0bviously, we're racing electric vehicles, not combustion engine vehicles. we've been net zero from day zero, rated number one est sports in the world. we're actually quite different propositions.

chinese property developer be bunker— chinese property developer be bunker has received a major lifeline _ bunker has received a major lifeline receiving a loan from a group — lifeline receiving a loan from a group of chinese banks including the state owned commercial bank of china. financial_ commercial bank of china. financial support comes after chinese regulators asked financial and credit firms offer aid back in march. it was once china's largest developer. an attempt is under way in bali with global water scarcity on the agenda. 0ur reporter spoke to a water security expert and asked whether competition for water could lead to new wars. i think there is great risk of conflict over water and certainly for all periods in history the great civilisations of yesteryear have been built on water supply and have been

destroyed based on the viability of those water supplies. certainly where we are right now around the world is that the water supplies are becoming more constrict it and as that happens there are elements wrestling for control and certainly this is true even in south america where elements are coming in and beginning to control, cartels for instance, the water supply would you have to have for commerce and life. without water in three days you cease. this is alarming and it is predicted that conflicts will arise over water. how did we aet will arise over water. how did we get to _ will arise over water. how did we get to this _ will arise over water. how did we get to this point? - will arise over water. how did we get to this point? is - will arise over water. how did we get to this point? is it - we get to this point? is it overpopulation or misuse? perhaps climate change or a combination of everything. how did we get here in the first place? fix. did we get here in the first lace? �* . ., . did we get here in the first lace? ~ . ., . ., did we get here in the first lace? ~ . ., .,, place? a confluence of factors contribute _ place? a confluence of factors contribute to _ place? a confluence of factors contribute to the _ place? a confluence of factors contribute to the change - place? a confluence of factors contribute to the change in . place? a confluence of factors| contribute to the change in our water supply and its availability. and that is population growth, there is a heavier demand on the water we

use. 0n heavier demand on the water we use. on top of that you have conditions locally that are changing where water is available. much of the water we use was laid down after the last ice age and it took hundreds and even thousands of years to go down into the ground and now we are withdrawing it at a rate that is much faster than it was actually deposited.- is much faster than it was actually deposited. you can catch the — actually deposited. you can catch the full _ actually deposited. you can catch the full interview - actually deposited. you can catch the full interview with doctor stark and berg along with a wider look at global water scarcity on talking business this week. this weekend on bbc. before we go, a luxury airline for man's best friend has seen its first flight takeoff. the maiden voyage —— maiden voyage from new york to los angeles were sold out despite that ticket price of $6,000 for one dog and its accompanying human. dogs on

board will enjoy doggy champagne and a spa. this new aviation experience was first announced back in april. and there are no restrictions on breed or size. that is it for us here on business today.

hello and welcome to sportsday. i'm lizzie greenwood—hughes, here are the headlines: west ham's lucas paqueta is charged by the fa over allegations of trying to intentionally receive cards to influence betting markets. we speak to the england and manchester city star the phil foden about his incredible season and the build—up to the euros.

and luke littler throws the perfect nine dart checkout on his way to becoming the premier league champion. welcome to the programme and we're starting with news that the west ham midfielder lucas paqueta has been charged with misconduct by the fa in relation to alleged betting rule breaches. it relates to four games over an 18—month period, where it's alleged paqueta deliberately tried to get a card from the referee, in order to influence betting markets. the fa investigation was triggered by suspicious betting patterns. the brazilian has until the third ofjune to provide a response, although he's

already publicly denied any wrongdoing on social media saying — "i will fight with every breath to clear my name." earlier, i spoke to our senior football reporter simon stone. what they said, as you say, in their statement is basically that he's intentionally seeking to receive a card for the purposes of affecting the betting markets in those games in orderfor one or more persons to profit from betting on most matches. that is absolutely prohibited under football association regulations. in addition, the fa are saying that he's not complied with another rule, which is to provide information to supply documents, which is contrary to paqueta's own denial, in which he said he's cooperated for nine months.

there's a discrepancy, but that is essentially