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 the wall street investment bank goldman sachs has warned 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 increase core pce prices by nearly 1%. the core pce, which excludes food and energy costs, is the federal reserve�*s preferred inflation gauge. based on the bank's analysis 1% rise in tariffs generally leads to 0.1% uptick in core pce inflation. with tariffs targeting china, mexico and canada who together account for 43% of us imports, goldman expects the proposal could generate close to $300 billion annually. it is unclear whether they tariffs will be implemented at the levels tramp has imposed or whether exceptions will be made. still, goldman noted mexico and canada are less likely to face broad 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. but its shares fell in extended trading, after it issued a wea ker—than—expected sales forecast. 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. there seems to be an ongoing confidence in crowdstrike and they would have learned some massive lessons, not only within crowdstike but 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 the point there are many other organisations using their services to similar 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. when it comes to cyber 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 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. 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 moves 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. for a closer look at the cost of a thanksgiving meal, butterball ceo jay jandrain from north carolina says the falling cost of turkey is keeping it on thanksgiving menus. it has been top of mind

for consumers for a couple of years now, and fortunately 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 we are happy to be a part of that, making the thanksgiving meal 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 cuts somewhere else on their spending on thanksgiving if it is not on the turkey itself? we know they are definitely not shorting themselves on the turkey yet, but 87% of those 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. on sides and in paper goods, they will be watching things there to shave some costs of the meal.

you said the cost of butterball turkeys 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 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 obviously 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 work closely with them to make sure we can deliver the best value for the consumer during this very important holiday in the 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 so far this year, we expect that to continue to christmas, and actually we now have an opportunity to serve those in in the uk. we have butterball turkeys 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. british luxury car maker aston martin says it is seeking to raise $60 million in funds in its second profit warning in two months. it intends to raise the money by issuing new shares and taking on debts. the company framed by its links to superspy company framed by its links to super spyjames bond, the super spy james bond, the fictional character. the last ten days have seen air pollution in india's capital city delhi reach alarming levels, choking residents and engulfing the city in thick smog. apart from the health implications, the bbc�*s arunoday mukharji reports on how the polluted air is also bad for business. delhi's once bustling markets are the same. delhi's once bustling markets are not the same. the toxic air stifling notjust city residents but businesses as well. the world bank report from last

year says india loses over 0.5% of its gdp every year because of rising pollution levels. shop owners agree. the smog, they say, is choking their profits. translation: there is a 35 to 40% loss in sales, - translation: there is a 35 to 4096 loss in sales, - compared to previous years. it may 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 india's supply lines, stand parked less than a kilometre outside delhi's borders.

industry estimates say the grounded diesel vehicles have disrupted output of over 3 million small and medium businesses. but those really feeling the pinch are the daily wage truck drivers. translation: it's very hard for me. | i get paid daily or based on the number of trips i make, so each day i am stuck here, i am not earning any money. translation: most of us have had to take a loan i to buy our trucks, now we are no longer able to pay our instalments on time. if this continues every year, it will drive us out of business. studies show rising levels of pollution is affecting not just people, but also machines. companies are actually reporting they have higher failure rates in 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.

from businesses, to technology, and to the daily—wagers, 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, back to beirut, the capital of lebanon, and the live scene as things are, a ceasefire deal between israel and hezbollah has taken effect. and that's it for this edition of business today. thanks for watching.

hey, i'm lola. this is the catch—up. tonight — jobs for young people, drake and kendrick�*s beef turns legal, and the most dog—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, you would get access to an apprenticeship, 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's thought it will come into force on wednesday morning. a court has been told that rapper, slowthai, and a friend, raped two women after one of his gigs. he was joined by his wife, pop star, anne—marie, at the trial. slowthai 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 of boosting streams of kendrick lamar�*s diss track, not like us, against him. he says they used bots to make as much money as they can from it. the company, umg, says the idea is offensive and untrue. spotify has not replied.

time now for ten seconds of the town with the most waggy—tailed customers. bury st edmunds in suffolk has been named the most dog—friendly town in the uk. the awards recognise businesses that go the extra mile to welcome dogs. you're all caught up. have a great night. hello and welcome to sportsday. i'm gavin ramjaun. a nightmare at the etihad — as manchester city let a three—goal lead slip in the champions league. a five—star performance from arsenal, though, whose campaign is back on track, after thrashing sporting in portugal. and we hear from track superstar, michaeljohnson, who tells how his new athletics league will be a game—changer

for the sport. hello, there, and welcome along to the programme, and we start with a night full of goals and high drama in the champions league, with the spotlight very much at the etihad on tuesday, for manchester city's game with feyenoord. city looked to be home and dry, 3—0 up and cruising, but the twist was to come. erling haaland was on the scoresheet twice, with ilkay gundogan putting them in the driving seat. the dutch side fought back in an action—packed second half. three goals inside the closing 15 minutes punished pep guardiola's side, who at the very least stopped their five—game losing streak. david hancko with the crucial equaliser, but city's cracks continue to show.