we'll have all the details. plus, we speak to a former governor of india's central bank on what lies ahead for china and the global economy. hello and a warm welcome to business today. let's begin with our top stories. china is investigating nvidia over alleged violations of anti—monopoly laws. the company said in a statement it will co—operate with chinese regulators. its shares have taken a hit, falling by more than 2% in new york. our technology correspondent explains what the investigation is all about. china's top market regulator says it's probing nvidia over suspected violations of its anti—monopoly laws. one allegation that is being made here is that nvidia may have run afoul of some commitments it made in 2020, when it acquired an american—israeli chip designer.

they were light on details on what specifically nvidia may have done wrong here. this is a $3 trillion company on any given day. they have attracted the interest of anti—monopoly regulators notjust in china but in the uk, in the eu, and right here in the us as well. in response to this announcement, as you say, nvidia said it's "happy to answer any questions "regulators may have about its business," but shares did take a hit on the announcement of this news dropping about 2.5% by the close of markets here in the us. nvidia is a big player on the chip industry. what impact will have it on the us—china chip war? it seems like an escalation in the chip war, this is the latest salvo. china is notjust going after any american company, but one of america's most prized tech companies. there's some real frustration on the part of the chinese.

last week we saw washington tightening restrictions on sales to 140 companies, a couple of which happen to be chinese chip companies. and we saw china immediately respond to that by saying they were going to limit the exports of certain minerals to the united states, so there's a real tit—for—tat here. and the bigger picture, this is part of an ongoing effort by the us to curb the flow of nvidia's most advanced chips to china. and we see that reflected in the share of nvidia revenue that's coming from china. it's been on a steady slide over the last couple of years. china's leaders say they'll do more to help boost the world's second largest economy. they'll implement more fiscal measures and adopt lower monetary policy next year. this comes after a meeting of the most senior officials in the communist party. there are concerns of a new global trade war. but donald trump has pledged higher tariffs on china

during his second term. the previous owner chief economist gives us a sense of what lies ahead for china. they clearly need to boost the economy. they need to find a new source of growth, other than exports, that are doing boomingly right now. so it has always been domestic demand, how do you get chinese households to consume more? unfortunately many of the measures are focused on more production, rather than more consumption. with the impending tariffs from the united states, more production will be diverted to the rest of the world, but what china needs is its households to become more confident and to spend. for that to happen, what do they need to be doing? if one had a wish list, the first thing you would want is to deal with the real estate crisis. housing is probably the biggest asset that many households have.

and with prices falling and continuing to fall, they can't have a strong sense of confidence. but i also think having a sensible growth model which induces confidence, yes, there will be jobs going forward, notjust for us but for our kids, typically every chinese household has one child, maybe two in some, but having a future for them is very important for confidence. at this point, dealing with the uncertainty created by the impending tariffs and having an alternative path for growth is very important for china. let's talk about the us then with president—elect donald trump set to take office injanuary. do you think he's going to make good on the threats to impose tariffs? i think there's three reasons why it's more likely than not. one, he is a firm believer in tariffs in one of

his talks he talked about himself as being a tariff man. the view of tariffs, a deficit for our country, is really lost jobs. and if we can bring the deficit down through tariffs, we create morejobs. many economists would not agree with, that but that's the prevailing view. so that's one, ideology would mean more tariffs. that would create more americanjobs. but the second reason i think is that they really feel they can raise revenues. clearly with his policy of cutting taxes going forward for corporations, but extending the tax cuts that were done in 2017, they need new sources of revenue. and they see tariffs as a source of revenue. and the third reason is clearly they see this as a way of keeping china from, you know, growing fast. and given that part of what is going on

is geostrategic competition, that's the third reason, given the hawks in the coming administration, the china hawks, that's another reason why i think it will happen. how much and how fast is really the question. if we turn our attention to india next, there's a new central bank chief. what does this mean for the country going forward? i think, i mean, given it is someone from the bureaucracy, the finance ministry, that's typically been the hunting ground for central bank governors in india, i would think it really means policy continuity. the new governor will learn the ropes from people at the rbi. and there's plenty of people to give him support. as he takes on the reins. if you had advice for him, what would you say? i think the issue right now is balancing growth and inflation. core inflation has been coming down for some time,

suggesting that growth is not as strong as it could be. and so, you know, once they're satisfied they have inflation under control and i think they'll look to that with food prices coming down in the future, they'll have room to become more accommodative if they choose to do so. you just heard about india's new central bank governor. he's a career civil servant who is currently revenue secretary. his appointment came as a surprise, because many expected the current governor to be handed an extension in the role. staying with india, air india says it has ordered 100 airbus aircraft. this comes off the back of a massive order last year, tell us more?- year, tell us more? that is ri . ht, year, tell us more? that is right. this _ year, tell us more? that is right, this is _ year, tell us more? that is right, this is an _ year, tell us more? that is right, this is an additionall right, this is an additional hundred aircraft over some a50

that india had already ordered from boeing and airbus last year and includes 90 never embodied ones as well, as ten additional 8350, embodied ones as well, as ten additional8350, really embodied ones as well, as ten additional 8350, really part of the massive turnaround that india has been doing after it was bought by — from the government back in 2022 where it has been doing things such as retrofitting some old aircraft as well as replacing the older fleet with some of the older fleet with some of the newer fleet in the mix. the older fleet with some of the newerfleet in the mix. it also comes off the back of the merger it hasjust also comes off the back of the merger it has just finished, and the hope is that all of this will put it on a firmer footing to compete with the market leader indigo as well as more international routes stop i think what this is broadly reflected also is the massive boom we have been seeing in the aviation market in india, there has been double—digit growth in passengers both international

as well as domestic routes, as well as the fact that the number of airports actually have doubled from 201a to 202a, so lots happening in the skies and clearly air india wanted to capitalise on that with this new water.— new water. thank you for caettin new water. thank you for getting us _ new water. thank you for getting us up _ new water. thank you for getting us up to - new water. thank you for getting us up to speed i new water. thank you for i getting us up to speed from woombye. australia's central bank has left its key interest rate unchanged at a.35%, the reserve bank of australia says underlying inflation is 3.5% and are still high in some way off the target of around 2%. a us court has rejected rupert murdoch's be to change his family trust and give control of his media empire to his eldest son lochland. 93 owns media outlets like fox news and the wall streetjournal, and the wall street journal, and according the wall streetjournal, and according to a leaked court document, his attempt to change the trust which splits control of his empire among his children are seen to be in bad faith. he is expected to appeal

the ruling. us police have arrested a man suspected of killing the unitedhealthcare boss, brian thompson. luigi mangione was detained on firearm charges. he's currently held without bail. the health insurance executive was fatally shot in midtown manhattan, in what police describe as a brazen, targeted attack. we will have more on that story in newsday at the top of the hour. before we go, hershey havejumped by more hour. before we go, hershey have jumped by more than 10% after reports another firm has approached about a buyout. it owes the uk—based cadbury and the league could provide this luxury giant with combined sales of almost $50 billion a year. that is all for business today, see you soon.

i'm betty with the catch up. tonight: what is happening in syria, the golden globes, and a woman who collects scissors. first, let's talk about what is happening in syria. over the weekend, rebel groups captured the country's capital of damascus, toppling the 50—year—old assad regime. assad has fled to russia, while back in syria, thousands of people are reported to have disappeared under assad's regime, so crowds have rushed to this prison to search for lost relatives. lara escaped when she was six. she spent the weekend

celebrating. she is now 18 and living in london. i'm celebrating the liberation of my people, wearing the colours of the revolutionary flag. it is the official flag. i had the craziest weekend of my life. my grandparents have lived through years and years of the oppressive regime, we're finally free. the golden globe nominations are officially out, wicked's cynthia erivo is up for best actor in a comedy or musical, while arianna grande is up for best supporting actress. and like the oscars, the golden globes also have awards for tv shows, with the bear, shogun and baby reindeer was the best contenders.

time for ten seconds of scissors. everyone has a hobby. 2a—year—old sydney collects scissors and shows them off on tiktok. she has a00 pairs. you're all caught up now, have a good night. hello from the bbc sport centre. david coote's contract is terminated, with the governing body saying his position was untenable. scrapping for points — scrapping for points — the pressure boils over the pressure boils over at the london stadium, at the london stadium, as west ham beat wolves as west ham beat wolves and give their manager and give their manager a stay of execution. a stay of execution. more questions over the running more questions over the running of manchester united, of manchester united, with the departure of with the departure of the sporting director the sporting director after just five months. after just five months.

let's start with the news that premier league official david coote has been sacked by the refereeing body. this was following a thorough investigation into his conduct. coote was suspended on the 11th of november pending a full