south korea �*s markets fall. plus, how american businesses are preparing for donald trump �*s proposed tariffs. hello and welcome to business today. i'm suranjana tewari. we're keeping a close eye on developments in syria. rebel forces captured the damascus, effectively toppling the regime of bashar al—assad. his family has been in power for more than half a century. the deposed president has fled to moscow according to russian state media. uncertainty in the middle east and also here in asia where the focus is back on south korea. its president, yoon suk yeol, has narrowly survived an impeachment vote after a short lived attempt to declare martial law.

the benchmark kospi index is trading around 2% lower this morning. andrew gilholm from the control risks consultancy said uncertainty can persist for weeks. this is really drawn out this crisis a bit further with this surprise last—minute deal between president yoon and his party to keep him in power a bit longer. so all eyes now really are on what happens next with yoon�*s party and him and will he resign, will there be another impeachment vote, maybe next weekend? it seems like president yoon is finished and now it's really a question of how this plays through via impeachment, resignation and the timelines and whether we start to get maybe some more instability and protests in the meantime as frustration rises. we're almost a week into the crisis there. give us a sense of what investors are thinking about south korea and how it will impact things going forward.

the big shock and the big scare of last week's few hours, six hours of martial law, is pretty much passed now. i think that was the peak uncertainty for investors, was something really unprecedented that we hadn't seen since the 1970s, 1980s, going to happen in south korea. that's passed now and we're not going get another martial law declaration despite some brief speculation about that at the end of last week. so the worst of it has passed. i think south korea's reputation to that extent is in tact now and it's more of a question of will we now get weeks or months of this uncertainty where government is not really functioning, so there isn't going to be any real shock to investors or markets, it's just how long will this last. it could be many months before we get a functional government again in south korea, with protests in the meantime, will it extend to strikes? not too bad at the moment but that could have

knock—on effects if we get labour and industrial action. to japan. its economy grew at an annualised rate of 1.2% in thejuly to september quarter, from the previous three months. that's according to the latest official data. the better—than—expected reading comes ahead of a policy decision by the country's central bank later this month. a us appeal court has backed a law which will ban tiktok in america unless the firm separates itself from its chinese owners. the us believes the company has links to the chinese state — something it has always denied. tiktok�*s owners say they'll appeal to america's supreme court. lawyer kirk mcgill gave me a sense of what that really means for tiktok. tiktok�*s only real options are either to as the full

court of appeals for the dc circuit to review the decision, or to ask the supreme court. but because this case started at the court of appeals, unusually, they have no appeal of rights, they can only request an appeal, they have to right to an appeal. that's interesting. the algorithm on tiktok, the thing that's made it so famous and so influential, is really the contentious issue, isn't it. can you talk us through the legal issues surrounding the algorithm. so really, the only issue the court of appeal�*s considered of substance is whether or not the ban on tiktok violated the first amendment and the court of appeals found 3—0 that it did not, that the espionage is not excused by the first amendment and as a result tiktok really has no legal argument related to the algorithm specifically. the court really didn't reach that. it looked at the corporate structure issue and concluded there was sufficient evidence that tiktok was, in essence, a brand of ad a branch of the chinese government engaged in espionage and that is as far as the court went.

the alleged espionage we should say because both china and tiktok deny those allegations. content creatures are urging their audience to follow them on other platforms. what do you think this case means for the tech business more broadly? the court of appeals was very clear that this decision only applied to tiktok and only the evidence of espionage related specifically to tiktok. so unless another entity out there is an arm essentially their state's intelligence services, those tech companies don't seem to have anything to fear from this decision. when it comes to mobile malware attacks it seems that india has the highest cases. out ranking the highest cases. out ranking the us and canada. the financial sector seems to be facing the brunt. the bbc�*s �*s warren unable to adjacent this report. —— is found that india had registered 29% increase in banking malware attacks and iii% banking malware attacks and 111% increase in mobile spyware

attacks. the report said nearly half of the mobile attacks were trojans which means malware that dupes users into downloading and running malicious software so it is the financial institutions that are most vulnerable. a lot of these cyber attacks have become more imaginative and are able to break through multifactor authentication using fake banking websites that looked just like the real ones, said the report. the indian postal service has also seen vulnerabilities with many cyber attacks, duping customers by faking package delivery messages. they managed to deceive mobile users, forcing them to reveal sensitive banking information matt saying they needed to ensure delivery of their packages. the report also highlighted and cautioned the urgent need for indian enterprises and business to come up with more robust security mechanisms, given india �*s increasing smartphone penetration as well as digital transformation. us president—elect donald trump says he has no plans to replace

jerome powell as chairman of the federal reserve. mr trump said in an interview with nbc that he doesn't see the removal of mr powell, whose term ends in 2026. he has previously criticised mr powell over interest rate levels. with donald trump's inauguration less than two months away, companies are rushing to protect their businesses from tariffs. the incoming president has promised to slap 25% import duties on goods from mexico and canada, and an additional 10% on anything coming from china. the bbc�*s michelle fleury travelled to philadelphia to find out more. so these are some of the bags that we have at the warehouse. is it one of your most popular ones? yes, a backpack. handbag designer sherrill mosee took action immediately after the election, reaching out to her chinese manufacturing partner. she didn't want to risk delays, especially with the chinese new year fast approaching at the end of january. after the election

i'm like, 0k, we've got to get these bags in before you go on your vacation. the rush wasn't due to a sudden surge in demand, it was the looming threat of tariffs. i gotta be ready and prepared for it. by shipping her bags ahead of schedule, mosee is working to avoid the tariffs on chinese imports that donald trump has promised to impose on day one of his presidency. the idea behind tariffs is pretty straightforward — make imports more expensive so that products made in america and stored in warehouses like these seem like a better deal. it's all about pushing companies into manufacturing in the united states, but the big question is — will companies actually move production back here? one american firm with no plans to bring manufacturing back to the us is steve madden, the well—known shoe brand. but it is speeding up its relocation efforts. just two days after the election, the company said it would cut its chinese production in half to avoid a trump's tariffs.

our goal over the next year is to reduce that percentage of goods we source from china by approximately a0 to 45%. the proposed tariffs are already changing how goods are being handled. warehousing giant prologis is seeing an uptick in interest from businesses looking for space to stock up. these types of requirements have really been on the margin but you are seeing some goods come into the united states, our customers are telling us that they're finding spare places to store goods. i can put my shoes in here, my workout gear... sherrell mosee doesn't believe she can pass the added costs onto her customers. instead she is now looking for new suppliers in cambodia india. if you're talking about adding tariffs on everything that comes, people are going to be more concerned about buying their kids clothes and things that they need in their home, not a bag. you can shop on the website now...

with the disruption already being felt, the threat of these tariffs are already imposing real—world costs on businesses. michelle fleury, bbc news, philadelphia. the end of an eras — pop superstar taylor swift's record—breaking eras world tour is coming to a close, after 149 shows across the globe. the canadian city of vancouver, where the final show is under way, will bring the curtain down on what has become the highest—grossing musical tour in history. it's generated more than $2—billion in ticket sales worldwide. and that's it for this edition of business today. thanks for watching.

hello and welcome to sportsday — i'm lizzie greenwood—hughes. here are the headlines: a day of comebacks in the premier league — chelsea are the big winners at a disappointed tottenham. while at fulham, they'll take a draw against arsenal. celebrations in abu dhabi as lando norris drives mclaren to their first contractors�* title for more than a quarter of a century. and it's a new season and new tricks for snowboarding's half pipe world cup opener. so, welcome to the programme. we're starting with football

and the premier league where there's been a lot to talk — about the late