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tv   Business Today  BBC News  January 3, 2025 2:30am-2:46am GMT

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around 80 officers marched to his residence in seoul since sam local time. many of his supporters have been congregating outside his residence, vowing to block his arrest in this morning is no different. he was suspended for his duties in mid—december after lawmakers voted to impeach him over a short lived declaration of martial law. the south korean court issued an arrest warrant against him which his lawyer have rejected as illegal and invalid. and associate professor gave his essence of lies ahead. almost a surreal situation now. i looking at these supporters gathering around his house and also the police, trying to go into his house in the military is actually blocking the
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access, and the corruption investigation office, they went into his residence but we have just been waiting for more than two hours to see what is happening, whether he would be arrested at the scene and what would happen after the arrest. we spoke to you a few days ago and you said an arrest was imminent. what gave you so much confidence to think this moment that we see unfold is about to happen? that we see unfold is about to ha en? . , happen? that is right, three da s happen? that is right, three days ago _ happen? that is right, three days ago the _ happen? that is right, three days ago the arrest - happen? that is right, three days ago the arrest warrantl happen? that is right, three . days ago the arrest warrant was issued by the court, a legal and lawful process to arrest the current president because he has been refusing to receive any investigation, refusing the whole process of the arrest and the investigation itself, that is nonsense as we all know. we have seen he has declared the martial law a month ago, actually am month exactly before today. we have seen the
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police coming to the national assembly to stop the process, stopping the interaction, the martial law. after the arrest warrant, within seven days to be executed, and tomorrow is the weekend so there will be more protests gathering around the area, so today is friday so probably the perfect day to make this as soon as possible. despite the tensions, the benchmark cost index is currently trading almost 2% higher. tumour water told us why investors are optimistic. it has taken the events in its right, gains, there are a few reasons behind it, so we can put down to some to some of the festive season optimism, another could be that the
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investor thing will be a short lived event, and then there is better things to come perhaps in the second half of the year. the other factor is what is happening with the currency, thatis happening with the currency, that is lingering down at a 15 year low against the dollar. that is not a great indicator for the overall economy but what it does do is a good sign for the export sector, so the likes of samsung, sk hynek who to rely on that export growth foreign sales, that is good news for them. the domestic investors in a south korea right now are looking at the positives and focusing on that at the moment. turning a blind eye perhaps to what we see on the tv screen outside the former presidential house but remains to be seen how long this will drag on, but overall quite a surprisingly good performance you would have to say. performance you would have to sa . , . performance you would have to sa , , ., " performance you would have to sa, say. this all kicked off in early december - say. this all kicked off in early december when . say. this all kicked off in - early december when president yoon tried to declare martial
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law, which really shook things up law, which really shook things up in south korea. the broader economy, a month as it happens, numerous protesters, but the broader economy, was it impacted? 50 broader economy, was it impacted?— broader economy, was it imacted? ., , ., , broader economy, was it imacted? . , ., , ., impacted? so far it is early to tell. we did — impacted? so far it is early to tell. we did see _ impacted? so far it is early to tell. we did see this - impacted? so far it is early to tell. we did see this week - tell. we did see this week summer manufacturing data from december. they did show the manufacturing sector moving into contraction below the key 50 level, so that would have caused concerns among investors about where the economy is placed right now. on the inflation front there is still reasonably well with inflation running at below 2%, i should say. we have seen south korean authorities downgrading their gdp forecast for 2025 so gdp grew through the year is expected to be somewhere around the 1.5% so right now the expectation is fairly low for the economy moving forward, so thatis the economy moving forward, so that is also playing into where we see enthusiasm on the stock
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market stop there could be potential upside is based on the low expectations at the moment. one key area of concern at the moment is the foreign investors are wary of what is going on in south korea, we have seen foreign funds pulling out because one thing investors do not like his uncertainty, so when you have the political turmoil the investors look at the map and see there are perhaps more stable places to put their funds. so there has been an output of foreign investment in south korea constable of what we see is based on domestic demand in south korea. let's show you some images, this review of how things stand at moment, you can see traffic flowing in front of the presidential residence but behind those buses you can see flags waved by numerous protesters gathered there to voice their support for
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president yoon. the box in by a strong security and police presence, we will show you those images as well, you can see traffic going through their day in a south korea, although we do have some barricades as well. security is tight, you can see buses on the street, they are taking up space and blocking the number of protesters that are able to get close to the presidential residence as well as those blockades there at the front, the bottom of the screen. the crypto was accused of a crisis costing investors $40 billion has pleaded not guilty to us raw charges. he was the boss of a singapore —based terraforming labs that develops the tablet usd and leuner cryptocurrency, the collapse in 2022 sparked a sell—off in the market, the prosecutor saying he was responsible for the failure of the coin, accusing him of orchestrating the multibillion—dollar crypto asset security fraud.
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in the us, tablet shares fell by 6% in new york after a report of a drop in annual deliveries that increase competition in stopping demand for electric vehicles. tesla delivered a record number of cars in the final three months of last year. 495,570 vehicles to be precise. but that figure was short of the eight needed to beat its 2023 full year performance. for all of 2024, tesla delivered 1.79 million vehicles worldwide. down about i% from last year. the first time the company has reported this kind of drop. part of the problem is increased competition. chinese rival byd said this week said that its electric car sales grew double digits last year to about 1.76 million globally. and it is notjust chinese ev makers snapping at its heels.
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legacy global carmakers like gm volkswagen and hyundai are also vying for market share. tesla has responded to slowing demand for evs by cutting vehicle prices in china and the united states. elon musk has also pivoted the country to focus on robotics and artificial intelligence. that is still a way off and for now tesla remains dependent on car sales to make money. shares in tesla fell 6% on the news but it is worth noting that the stock ended 2024 up more than 60% with most of those gains coming after the us election. investors are betting that elon musk�*s closeness to donald trump will help his businesses. the uk former deputy prime minister is stepping down from hisjob as president minister is stepping down from his job as president of legal affairs at meta. he said in a post he will be leaving the tech giant after seven years, replaced byjoe kaplan, who served as the deputy in the
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white house during the george w bush administration. joe kaplan is known for handling the relations with republicans. the duchess of sussex has announced a new show on netflix that the streaming service describes as a lifestyle so that blends practical how tips and candid conversation, the premier is on 15 conversation, the premier is on isjanuary and includes eight 30 minute episodes from celebrities such as mindi kaling and abigail spencer. in the trailer, she garnishes a cake with raspberries and harvests honey in california where she lives with her husband prince harry and jew children. before we go, recapping our top story. —— two children. a live page is up and running with updates as they come in, around 80 officers have much to the residence since around 8am local time and many supporters have for days
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when congregating outside his presidential residence vowing to block his arrest. this morning is no different. he was suspended from duties in mid—december after lawmakers voted to impeach him over a short lived declaration of martial law. the court issued an arrest warrant against this week with his lawyers have rejected as illegal and invalid. we will watch closely as events develop in a south korea, stay with us on bbc news. hey, it's lucy with the catch up! tonight — the latest on the attack in new orleans, stormzy�*s banned from driving, and belgium says bye to disposable vapes. first, 14 people were killed and dozens were wounded when a man drove a pick—up truck into crowds of people in new orleans on new year's day. emer is going to tell us more.
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the driver has been named as shamsud—dinjabbar, an army veteran from texas. he was killed in a shoot—out with police and the fbi say he was acting alone. we're finding out a lot more about some of the victims, they include a former college football player, an 18—year—old aspiring nurse and a 21—year—old. and the fbi also said it had not been able to establish a definitive link between the new orleans attack and a cybertruck that exploded outside a trump hotel in vegas. the driver was killed and seven people were injured when it blew up just hours after the attack in new orleans. some other stories now. stormzy has been banned from driving for nine months. an off—duty police officer caught him using a phone while driving in london. he pleaded guilty. the court was told he already had six points on his licence for speeding. and is your new year's resolution to give up vaping? well, belgium's trying to do the same. it's become the first european country to ban the sale
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of disposable vapes. ireland and the uk are due to follow later this year. the news can be heavy sometimes, so we want to make sure to leave you with ten seconds of something lighter. some aquariums across the uk have been doing their annual stockta kes. that means they're counting more than 30,000 animals, and that also means we have these cute pictures to show you. that's us, have a good one!
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hello and welcome to sportsday. i'm tanya arnold. here's what's coming up on the program: rangers thump celtic to win the old firm derby but still trail their premiership rivals by 11 points. 17—year—old luke �*the nuke' littler powers into the world darts final where he'll face michael van gerwen. world number two iga swiantek gets the better of katie boulter in a classic to seal poland's victory over great britain in the united cup.
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we start with football, and rangers may be trailing celtic in the scottish premiership but they got the bragging rights in the old firm derby with an emphatic 3—0 win. it was their manager phillipe clemont�*s first win in the fixture at the seventh time of asking. martin dowdon was watching. celtic enjoyed a 14 point gap heading into the fixture, the manager tasted defeatjust once in 20 outings against the rangers coming into this and the rangers manager had not beaten celtic in six attempts. it was all about to change, it was yanez who set the rangers on the way, getting it from nico and sending a crisp short right to the corner from 25 yards just veering casper to the goal. they were rampant after that, the goal. they were rampant afterthat, next the goal. they were rampant after that, next up the cutting inside, his shoulder

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