company. the bbc�*s lilyjamali told me about the background of this case. this was a pay package worth $56 billion which, as you noted, it would have been the largest pay package everfor a ceo of a publicly traded company. this was awarded a couple of years ago and was contingent on elon musk, the head of tesla, meeting certain targets having to do with sales and revenue and the like. those billions of dollars were in stock options, so today they are worth quite a bit more than 56 billion, closer to about $100 billion and this ruling today from chancellor kathaleen mccormick reiterates her ruling from back at the start of the year injanuary, where she found this pay package is excessive and not only that, that the board of directors at tesla is not sufficiently independent to approve it, that the people on the board have personal and business relationships with musk. just to give you an example, his brother kimbal is on the board, james murdoch,

son of rupert murdoch, is also on the board. injune, as you mentioned, musk and tesla put this to shareholders, who approved this pay package, but the chancellor mccormick saying that simply is not enough, reiterating that early decision and one of the arguments we saw from the shareholders is they were not told how easy or hard it would be for musk to meet those original targets when they voted. she effectively sided with them once again today. farmers in india are taking to the streets once again. police blocked key roads leading to the capital — delhi — to try and stop hundreds of people from marching towards parliament. the protestors have asked the government to agree to their demands within 6 days. for more, we will cross to delhi and join the bbc�*s arunoday mukharji.

what are they protesting for this time?— what are they protesting for this time? the farmers have said they — this time? the farmers have said they need _ this time? the farmers have said they need adequate - said they need adequate compensation for any agricultural losses and ask for agricultural losses and ask for a new guarantee for the minimum support price the guaranteed cost they can get for their projects. they are also asking for 10% develop plots for all those farmers who have lost their land because of land acquisition by the government, these are some of their demands because they came out on the streets yesterday. the protest we saw lasted from 12 till evening they tried to march to delhi in the hundreds but stopped by police, now they are camping at one location near the border of delhi. with a six—day ultimatum if they do not get they demands they will continue the march to delhi. right now the roads are blocked the potential for this turning bigot you remember 2021 there was a massive farmer protest when they took to the streets

to protest three major fumbles the prime minister had introduced. the protest went to such an extent the government had to rollback those laws giving into the farmers demands. a lot of farmers have said the kind of assurances that were made by the government at that time have not been fulfilled which is why this is a reminder to the government our issues have not been addressed and if needed we can take to the streets again and that is why this is something security forces are very concerned about. we something security forces are very concerned about.- very concerned about. we do remember — very concerned about. we do remember those _ very concerned about. we do remember those protests. i very concerned about. we do - remember those protests. thank you very much. president—elect donald trump says he will block japan's nippon steel from taking over us steel. writing on his truth social platform — trump said he is, quote, "totally against the once great and powerful us steel being bought by a foreign company." nippon steel have been looking to close the $15 billion deal before the new president takes office injanuary. their attempted takeover has faced opposition from a powerful us trade union as well as outgoing president biden.

the us has launched efforts to limit beijing's limit to produce chips that can advance the military use of artificial intelligence. this is the third major clampdown by the biden administration in three years and comes weeks before the president—elect comes to office with the new administration set to continue with measures targeting china. jaguar has revealed a new vehicle design direction. the iconic british carmaker introduced an all—electric concept car called type zero zero in miami a short while ago. the launch comes weeks afterjaguar released a flamboyant video which went viral online. the teaser video faced backlash, with many critics pointing to the fact it didn't feature an actual car. others praised the company for being bold and shaking things up. countries around asian are grappling with how to deal with an increasingly ageing

population. one of the challenges is that retirees prefer to save their money, instead of spend it. that's according to a new study. i'm joined by matt austen, who leads oliver wyman�*s consultancy business in the asia pacific. it is sensible but reflecting a degree of uncertainty among the retiree population about whether they made adequate provision for their retirement, the backdrop as we see the ageing population government is unable to provide full provision for retirement for retirees so they shifted some of that responsibility to the employer and ultimately that she is shifting onto the individual move from defined benefit to defined contribution schemes. individuals left asking how much do i need to retire — save to retire and when can i retire have i made adequate provision and japan we see retirees are spending somewhere between one and 3% of their wealth each year. a degree of uncertainty that comes with that, less the fact

they are not spending as much as they might more the uncertainty that that is reflecting because of the lack of confidence in the adequacy of confidence in the adequacy of provision.— of provision. the uncertainty comes from _ of provision. the uncertainty comes from lack _ of provision. the uncertainty comes from lack of - of provision. the uncertainty l comes from lack of knowledge of provision. the uncertainty - comes from lack of knowledge of how to manage the and the retirement process? exactly ri . ht we retirement process? exactly right we see _ retirement process? exactly right we see wealth - retirement process? exactly i right we see wealth managers and insurers and asset managers have developed product to help people with preparing for retirement but done that independent of each other, they were set up to fulfil different purposes. this results in a product centric rather than person concentric, the needs are consistent, people need a sound plan how to prepare for their finite sound plan how to prepare for theirfinite —— sound plan how to prepare for their finite —— financial requirements in retirement a solid set of cost—effective products that will deliver including some degree of protection and income generation, then some kind of customer service stitching that altogether, currently the provision of solid and there is a need to bring that together

into a retirement ecosystem. there must be more demand for this kind of service our services are being developed to meet this demand?— services are being developed to meet this demand? they are the auuein meet this demand? they are the ageing imputation _ meet this demand? they are the ageing population is _ meet this demand? they are the ageing population is driving - meet this demand? they are the ageing population is driving a - ageing population is driving a greater demand, currently 10% of the world population is over 65, we see that increasing to 16% by 2050, that is driving incremental demand in the mass affluent segment who don't necessarily have access to full wealth management services. they are hungry for something that pulls together advice, product and services and we are seeing participants in the industry looking to me that, albeit still with a need to develop a cross offering that brings together all those products. brings together all those products-— products. thinking about retirement _ products. thinking about retirement gets - products. thinking about retirement gets put - products. thinking about retirement gets put off, | products. thinking about - retirement gets put off, what should be people thinking about? �* . ., should be people thinking about? �* , ., , ., should be people thinking about? �*, ., , ., ., about? it's a question of grasping _ about? it's a question of grasping the _ about? it's a question of grasping the issue, - about? it's a question of grasping the issue, it's l about? it's a question of - grasping the issue, it's quite easy to bury the head in the sand about retirement, it's about confronting that, and

really being clear on what the retirement objectives you have are in terms of timing and lifestyle. and we have access an advisor discussing that in order to develop a plan and products that will deliver against it. iiii products that will deliver against it— products that will deliver against it. if talking about retirement _ against it. if talking about retirement is _ against it. if talking about retirement is making - against it. if talking about retirement is making you | against it. if talking about - retirement is making you feel old... 30 years ago today, the first ever playstation hit shelves — revolutionising gaming. it also marked sony's entry into an arena many thought wasjust for kids. the bbc�*s mariko oi takes a look back at the history of sony's playstation. when the original playstation went on sale 30 years ago, sony exceeded its target quickly. it needed to sell1 million units to break even. it redefined gaming hardware because it was one of the first publicly available introductions to 3d gaming. it also expanded the appeal of gaming to a broader audience. then came the playstation two launched a six years later. it became the best selling game hardware of all time, 160 million consoles

flew off the shelves. fast forward to today, we're on to the playstation five but a lot has changed with increasing popularity of mobile gaming and there is competition from the likes of xbox and steam deck and game publishers are expanding their offerings to personal computers which means owning a console is less important than 30 years ago. the strategy from their perspective is notjust about making money, on the hard ware, making it on the software they sell and through their store fronts and everything, so i think there is a significant commercial opportunity for sony and playstation in the business. but he adds there is a looming risk of tariffs with the incoming administration in the united states because many gaming consoles are produced in china. in the past, companies like sony have argued they should be exempt, but if the price of consoles were to go up because of the trade war, it could have an impact on playstation sales

in the united states and it is an important market for console makers. thank you for your company on business today. i will see you again at the same time tomorrow. goodbye for now.

hey, i'm aisling with the catch up. tonight — not—so—italian puree, pesticides in rivers, and a 17—year—old makes history. we start in the us, where presidentjoe biden's being criticised by his political rivals for pardoning the crimes of his son, hunter — something president biden had said before he wouldn't do. some of those convictions include not paying some taxes and owning a gun he shouldn't have. some other stories now. turns out some italian tomato puree might not be as italian as the name suggests. instead, it might be made from tomatoes grown and picked in china using forced labour. 17 items sold at well—known supermarkets in the uk and germany are likely to contain this chinese produce. every supermarket whose products were tested by the bbc disputes these findings. bee—harming chemicals have been found

in the majority of english rivers, seas and lakes tested by the environmental watchdog. farmers were given emergency permission to use the pesticides to protect their crops from disease. but there's now an investigation into whether that was the right thing to do. and are you spending hours scrolling mindlessly on socials? well, you might be suffering from brain rot. it's been chosen as oxford university press's word of the year, because we're using it more to describe watching lots of low—quality online content. time now for ten seconds of wingfoiling — a water sport where the sail isn't attached to the board. 17—year—old tomas landed the first—ever double backfip, scoring a perfect ten in brazil. you're all caught up now — have a great night!

hello and welcome to sportsday, i'm gavin ramjaun. a bright start or a ruud awakening? what's in store for leicester's new manager. van nistelrooy prepares for his first game in charge. leny yoro could make his manchester united debut against arsenal in the premier league on wednesday. the rise and rise of abbi pulling. we speak to the newly crowned f1 academy champion hoping to be the first woman to make it onto a formula one starting grid in 50 years.

hello and welcome along. it's over eight years since leicester city's fairytale premier league title. plenty has happened at the club since then, not least relegation and promotion. a third of the way through their return to the top flight, they're just above the relegation zone. the hope is new manager ruud van nistleroy can turn their fortunes around, having replaced steve cooper. he takes charge of his first game tomorrow night, at home to west ham, and spoke to the media for the first time as boss today. adam cottier reports. ruud van nistelrooy sat alongside leicester's owner in the stand to watch them lose 4—1 on saturday, a result that left leicester players in a dark place according to defender conor cody. two days on the new man

in charge warmly greeted members of the media at his first press conference