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 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. prosecutors in new york a charter member killing the head of america's largest health insurance company. luigi mangione was detained on firearm charges. after a man—hunt that went on for several days. after a man—hunt that went on forseveral days. brian for several days. brian thompson was forseveral days. brian thompson was fatally shot in manhattan last week and what police described as a present targeted attack.

china's leaders said they will do more to the 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. a former governor of india's central bank gave 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 in january. 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. i think this means policy continue waiting. 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, this comes off the back of a massive order last year. this comes off — massive order last year. this comes off the _ massive order last year. this comes off the back _ massive order last year. this comes off the back of - massive order last year. ti 3 comes off the back of some 470 comes off the back of some a70 aircraft that air india had ordered with boeing and our bus last year but this new order of 100 aircraft includes some 90a320 narrow bodyjets as additional aircraft fully powered of the broader turnaround and yet has been doing since being acquired from the group from the government backin the group from the government back in 2022 where they have been rector of reading some of their older aircraft and have been replacing older fleets with you a fleets. we saw air india to last month was finish

the merger with the previous subsidiarity and all of this will give an air india a long runway to essentially complete domestic league with market leader indigo as well as on international routes with other airline companies. all of this of course comes off the back of a massive boom that we are seeing in india's aviation market where there has been double—digit growth, consistently in passenger both travelling overseas as well as domestic league we have also seen airport infrastructure significantly being ramped up with a number of airports doubling from 201a to 202a and clearly with the skies buzzing air india now wants to capitalise on this boom and thatis capitalise on this boom and that is why we have seen this additional order being placed with our bus.— with our bus. thank you very much for _ with our bus. thank you very much for that. _ 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 plans to change the terms of his family trust, and hand control of his media empire to his eldest son, lachlan. he owns major albert slick fox news in the wall street journal. according to leaked documents his attempts to change the trust which splits control of his empire among four children were seen to be in bad faith. is expected to appeal the ruling. that's it for this edition of business today, thank you for watching.

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. she has been hoping for a change in leadership. i’m she has been hoping for a change in leadership. i'm here at my favourite _ change in leadership. i'm here at my favourite restaurant - change in leadership. i'm here at my favourite restaurant in l at my favourite restaurant in london 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 my dad, the biggest activists i know more than anyone. 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 as 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 — the pressure boils over at the london stadium, as west ham beat wolves and give their manager a stay of execution. more questions over the running of manchester united, with the departure of the sporting director 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 investigation after a video allegedly showing him making derogatory comments about liverpool and the club's former managerjurgen klopp. a further investigation was opened two days later after photographs appeared showing him appearing to snort a white powder. 0ur sport editor has more. a month ago he was one of the top referees in charge one of one of the biggest games of the season so far. he was in charge of liverpool against aston villa at anfield, a8 hours after that match, video emerged on social media that appeared to show the referee making a foul and abusive comments, disparaging remarks

towards liverpool and their former manager, jurgen klopp.