in india's m in india's ca-ital ci affectin capital city affecting businesses. hello and welcome to business today. i'm steve lai. let's begin in the united states, where president—elect donald trump's latest proposal on tariffs is drawing concern. mr trump has said he will put levies of 25% on mexico and canada, and an additional 10% on china, once he takes office in january. officials and industry groups have warned that the move would be harmful to the global economy. investment bank, goldman sachs, says the tariffs will also raise inflation in the us by nearly 1%. the bbc�*s michelle fleury has all the details from new york. the wall street investment bank goldman sachs is one that president elect donald trump's proposed tariffs could put an upward pressure on prices. on monday, donald trump said on the social media platform truth social that he would impose an addition 10% tariff on goods from china and a 25% levy for

canada and mexico. goldman's chief economist explained in a note to clients that the tariff hikes could core pce prices by nearly 1%. the core pce, which excludes food and energy costs, is the federal reserve's information gauge. based on the bank's analysis 1% rise in tariffs generally leads to no .i% tariffs generally leads to no .1% uptick in core pce inflation. with tariffs targeting china, mexico and canada who together account for 43% of us imports, goldman suspects the proposal could it is unclear whether they tariffs will be implemented at the levels tramp has imposed or whether exceptions will be made. still, goldman ceo has noted mexico and canada are less likely to face tariffs compared to china. officials from the us

federal reserve see more interest rate cuts ahead, but at a gradual pace, according to the minutes from their latest meeting. the minutes also showed that fed officials are comfortable with the pace of inflation, even though it remains above the official 2% target. the fed lowered its key borrowing rate by a quarter of a percentage point earlier this month. new zealand's central bank has cut its key interest rate by half a percentage point to 4.25%. the decision is in line with expectations, and follows a similar move in october. inflation in new zealand is near the official 2% target, as economic activity in the country remains subdued. cybersecurity firm, crowdstrike, has reported earnings that beat analyst expectations. the company, which helps firms identify and thwart software attacks, saw an almost 30% jump in third quarter revenue from a year earlier. crowdstrike was at the centre of a global it outage injuly, where a rogue software update crippled 8.5 million computers using microsoft systems around the world.

cybersecurity expert, troy hunt, gave us a sense of what lies ahead. , , ., , ., ahead. there seems to be an onauoin ahead. there seems to be an ongoing confidence _ ahead. there seems to be an ongoing confidence in - ongoing confidence in crowdstrike and they would have lent is massive lessons, not only this but within the likes of microsoft where they have to look how it is possible for one agent like crowdstrike to do so much damage, so certainly changes are as well. delta airlines, however, has filed a lawsuit, seeking damages because of chaos caused to its reservation system, but is this more about disaster recovery or a major operational error? crowdstrike has made a point there are many other organisations using their software to some extent that did not suffer as much damage as delta, and inevitably they will push back on the very hefty claims that delta is making so i will probably expect to see that play out in court. ~ . ., , ., expect to see that play out in court. , court. when it comes to cyber security. _ court. when it comes to cyber security. it — court. when it comes to cyber security, it seems _ court. when it comes to cyber security, it seems like - security, it seems like something that will be with us now, and keeping pace with those bad actors out there. it is always a bit of a game of one—upmanship so we try to

build more resilient systems and looking at when the bad guys do get in there, of course theyjust guys do get in there, of course they just find other guys do get in there, of course theyjust find other ways. it is a bit like water running down hill, it will always find the path of least resistance, we block it in one place and it will move somewhere else. [30 will move somewhere else. do ou will move somewhere else. do you think _ will move somewhere else. do you think companies like crowdstrike and others are making headway against this battle of cyber threats? absolutely, they have a central role to play but it will ultimately be a balance, just one of those things where as we get better in some areas, the attack move onto other areas, we change the focus and repeat the cycle. americans around the world are preparing to celebrate thanksgiving, a mainstay of the us festive season. butterball, a popular brand of turkey and poultry products, also has its eye on inflation. according to a recent survey by the company, inflation is affecting the thanksgiving plans of 98% of consumers. that's up from around 80% last year. butterball ceo jay jandrain from north carolina, says the falling cost of turkey is keeping it on thanksgiving

menus. it is keeping it on thanksgiving menus. . , , ., , is keeping it on thanksgiving menus. ., , , ., menus. it has been top of mind for consumers _ menus. it has been top of mind for consumers for _ menus. it has been top of mind for consumers for a _ menus. it has been top of mind for consumers for a couple - menus. it has been top of mind for consumers for a couple of l for consumers for a couple of years now and unfortunately one of the things we are seeing this holiday is the retail price for turkey is actually less than last year, so it is a great opportunity for us to help participate in a way to make things a little bit easier for the consumer public this year, and where we are happy to be a part of that, making the thanks giving me a little bit less expensive last year. turkey and thanksgiving goes hand in hand, doesn't seem like you can have one without the other. are you seeing people make at somewhere else on their spending on thanksgiving if it is not on the turkey itself? we know they _ is not on the turkey itself? we know they are _ is not on the turkey itself? - know they are definitely not shorting themselves on the turkey yet but 87% of them who will have a thanksgiving holiday will have turkey at the centre of the table which is good news for us, but they are cutting corners in other areas. sides and paper goods, they will be watching things there to shake some costs of the meal. ,,. to shake some costs of the meal. . .,,

to shake some costs of the meal. _,, ., ~ , , meal. said the cost of turkeys has come _ meal. said the cost of turkeys has come down, _ meal. said the cost of turkeys has come down, which - meal. said the cost of turkeys has come down, which will. meal. said the cost of turkeys has come down, which will be j has come down, which will be welcome news for your customers. how are you managing to help customers out when it comes to reducing costs? we are constantly _ comes to reducing costs? we are constantly looking _ comes to reducing costs? we are constantly looking for _ comes to reducing costs? we are constantly looking for ways - comes to reducing costs? we are constantly looking for ways to - constantly looking for ways to make our operations more efficient and additionally we work with our customers, the retailers, to give the best price possible to the consumer. it is honestly a big holiday and a big shopping experience for all our customers and they want to make sure they get as many consumers into their stores as possible, so we may closely with them to make sure we can deliver the best value for the consumer during this very important holiday in the us. , ., , very important holiday in the us. , , very important holiday in the us. , very important holiday in the us. christmas is also fast approaching. _ us. christmas is also fast approaching, turkey - us. christmas is also fast approaching, turkey very| us. christmas is also fast - approaching, turkey very much on the menu there as well. how's that working out for you? very well. sales have been great, we expect that to and actually we now have an opportunity to serve those in in the uk. we have butterball turkey is in the uk the christmas, we haven't seen it before, we are very excited to help those folks they enjoy

butterball at their christmas meal as well.— meal as well. vegetarian 0 tions meal as well. vegetarian options are _ meal as well. vegetarian options are becoming - meal as well. vegetarian i options are becoming more appetising to some. is there something you are working towards a spell? we certainly su ort towards a spell? we certainly sunport people's _ towards a spell? we certainly support people's choice - towards a spell? we certainly support people's choice in - towards a spell? we certainly l support people's choice in what they we are a turkey company, we are going to sell turkey, we know that most folks will want want to have turkey on the table, and we are going to make sure that we provide the best possible experience for them with the turkey they are going to serve. ., , with the turkey they are going to serve. . , , to serve. the last ten days have seen _ to serve. the last ten days have seen air _ to serve. the last ten days have seen air pollution - to serve. the last ten days have seen air pollution in i have seen air pollution in india's capital city delhi reaching alarming levels, xhaka —— choking locals. it is also bad for business. delhi's once bustling markets are the same. the toxic air stifling notjust city residents but businesses as well. the world bank report from last year says in the

elite 0.5% of its gdp every year because of rising pollution levels. shop owners agree. the smog, they say, is choking their profits. translation: , ., ,': choking their profits. translation: , ., q; ., translation: there is a 35 to 4096 translation: there is a 35 to 40% loss in — translation: there is a 35 to 40% loss in sales _ translation: there is a 35 to 40% loss in sales compared i translation: there is a 35 to 4096 loss in sales compared to | 40% loss in sales compared to previous years. it made look crowded behind me but this is only 10% of what it usually is. to tackle the problem, the delhi government has taken some reactive measures, like temporarily banning construction work, the burning of coal, and restricting the movement of polluting vehicles. it is notjust a cut in consumer spending and sales, but the situation is also having a huge impact on those earning daily wages and also those who are responsible in keeping crucial business supply chains intact. trucks, the backbone feeding in's supply lines, stand parked less than a kilometre outside delhi's

borders. industry estimates say the crowded diesel vehicles have disrupted output of over 3 million small and medium businesses. but of those really feeling the pinch are the daily wage truck drivers. translation: wage truck drivers. tuna/mom- wage truck drivers. translation: �*, , ., wage truck drivers. translation: y , ., ., translation: it's very hard for me. i aet translation: it's very hard for me- i get paid — translation: it's very hard for me. i get paid daily _ translation: it's very hard for me. i get paid daily or— translation: it's very hard for me. i get paid daily or based - me. i get paid daily or based on the number of trips i make, so each day am stuck here i am not earning any money. translation:- not earning any money. translation: ., , ., translation: most of us have had to take _ translation: most of us have had to take a — translation: most of us have had to take a loan _ translation: most of us have had to take a loan to _ translation: most of us have had to take a loan to buy - translation: most of us have had to take a loan to buy our i had to take a loan to buy our trucks, — had to take a loan to buy our trucks, now we are no longer able — trucks, now we are no longer able to— trucks, now we are no longer able to pay our instalments. if this continues it will drive us out of— this continues it will drive us out of business.— this continues it will drive us out of business. studies show risin: out of business. studies show rising levels _ out of business. studies show rising levels of _ out of business. studies show rising levels of pollution - out of business. studies show rising levels of pollution is - rising levels of pollution is affecting notjust people, but also machines.— also machines. companies actually reporting - also machines. companies actually reporting they - also machines. companies. actually reporting they have higher failure actually reporting they have higherfailure rates actually reporting they have higher failure rates and their equipment in the cities where they have higher pollution. even your solar panel, i mean, delhi has installed a lot of

solar panels but they actually lose ten to 20% of their efficiency. lose ten to 2096 of their efficiency-— lose ten to 2096 of their efficien . ., ,, lose ten to 2096 of their efficien . ., , , ,, , ., efficiency. from businesses to technology — efficiency. from businesses to technology and _ efficiency. from businesses to technology and to _ efficiency. from businesses to technology and to the - efficiency. from businesses to technology and to the daily . technology and to the daily wages, unless pre—emptive not reactive measures are put in place, the cost that india will have to pay will only keep rising. before we go, i want to show you the live scene from beirut. a ceasefire deal between israel and hezbollah has taken effect. i'll be back with the latest on the ceasefire on newsday. it's coming up after sport. you can also find more of our coverage on our website and live page.

iam i am low—level to catch up. tonight, jobs for young people, drake and kendrick�*s beef turns legal, and the most friendly town. the prime minister says the uk isn't working, and this is what he wants to do about it for you. the government have announced a new youth guarantee project. if you are 18 to 21 in

england without a job, he would get access to an offender ship, training or education. anyone who doesn't take those opportunities could lose their benefits. politicians are promising more money for mental health services and job centres as well. some other stories now. israel's prime minister says a ceasefire deal has been agreed to end the fighting with hezbollah in lebanon. it is not it will come into force wednesday morning. the court has been told that a slow tie and a friend raped two women after one of his gigs. he was joined by his wife, pop star anne marie, at the trial. slow tie and alex blake walker both denied threejoint tie and alex blake walker both denied three joint counts of rape and one count of sexual assault. the trial continues. and drake has made a big legal claim. he has accused a major music company and spotify are music company an