we start in the us — where japanese steel president biden has announced a ban of new offshore drilling on america's coastline. the ban covers the entire atlantic coast and eastern gulf of mexico as well as the pacific coast of oregon and washington. a section of the bering sea off alaska. president—elect trump has promised to unleash domestic fossil fuel production in a bid to cut fuel costs. so can he reverse the decision? that is a question be put towards a washington strategist. you like the biden people want to say that he cannot but i think you can. biden has gone way over his presidential... like student loans and been pulled back by the courts. the presidential declaration that the next president can do what the biden

people say that he is reliant on executing a law that makes it more difficult to undo. but i oint it more difficult to undo. but i point out — it more difficult to undo. but i point out that _ it more difficult to undo. pm i point out that trump will probably use the biden playbook and tried and do it anyway. not only that but congress can change the law and they might you that year. we change the law and they might you that year-— you that year. we are going to sta in you that year. we are going to stay in the _ you that year. we are going to stay in the united _ you that year. we are going to stay in the united states - stay in the united states because the japanese steel giant nippon steel and the american rival us steel have launched legal action to try to save their billion dollar merger deal. after president biden blocked it on friday. they're accusing the administration of illegal interference. the japanese take over the us —based us steel became a major issue on the us campaign trail with both presidents promising to stop it overfears presidents promising to stop it over fears for presidents promising to stop it overfears for usjobs. presidents promising to stop it over fears for us jobs. if given the go—ahead it would have created one of the biggest peaks d —— the biggest steelmakers in the world. they

have blocked it on national security grounds. despite... let's speak to our correspondence standing by new york. just talk us through what the allegations are here because these two firms are very unhappy with the biden administration for blocking this deal, why are they alleged it go—ahead? the this deal, why are they alleged it go-ahead?— this deal, why are they alleged it go-ahead? the two companies are fighting _ it go-ahead? the two companies are fighting back— it go-ahead? the two companies are fighting back in _ it go-ahead? the two companies are fighting back in two - are fighting back in two lawsuits announced today. they are claiming that biden ignored that the rule of law to gain favour with trade unions and that he stopped this merger taking place during the election season for his own political gain and that this election season's political to consideration what he might have undermined what we've been a formal review of merger. biden, has you mentioned, it has committed to the us deal remaining a domestic own for national security reasons.

that's what's interesting here, japan is one of the us�*s closest allies and yet the administration suggesting that if the deal was given the green light, there'll be security issues, what are they saying about that? this is something the japanese government says it wants more clarity on. what are those security reasons for blocking those deal? japan being very close ally to the us. we expressed heard the prime minister expressing the concern about the blocking of this deal and what this would mean for the bilateral relations between the two and a future investment injapanese firms as well. again, they are asking for some sort of explanation for this blocking. that's that deal, talk to me about what may happen with the incoming donald trump administration because we have talked about a lot those potential tariffs to basically favour american firms over

foreign firms, make it more expensive for consumers to make foreign—made goods. some suggestions in one newspaper that they may be less extreme than we thought. the washington post report _ than we thought. the washington post report that _ than we thought. the washington post report that trump _ than we thought. the washington post report that trump would - post report that trump would only target critical imports in those tariffs and that's what they have been exploring so those are narrower tariffs than previously feared. we have heard from donald trump posting de the banking that report calling it fake news. we did see some market reaction on that report that this idea, those tariffs would not be as bad as feared, they would be much narrower and would not drive inflation as far as some were fearing. the european markets in particular had got a boost from this. we saw the us dollar slump and we have seen some of that market reaction to dot to reverse now that donald trump has come up and debunked that report.

trump has come up and debunked that report-— that report. thank you very much. a "pressure cooker of rising costs and taxes". that�*s the environment uk companies are facing— according to the british chambers of commerce — which lobbies for their interests. a bcc survey of almost 5000 members found business confidence has "slumped" to its lowest in two years — with almost two thirds of firms worried about higher taxes on business in the latest budget. earlier i spoke to their head of reasearch — david bharier — about their concerns. this is the biggest survey of businesses since the autumn budget, and i think it's very clear that the policy measures that have been announced have had some impact on business confidence. i think the key takeaways from this survey is that taxation concern is now at its highest level on record. so we've been monitoring the top concerns that businesses face for the last 35 years now. taxation has now emerged as the highest of it's on record now. so taxation has had

a material rise in concern. we're also seeing that turnover growth expectations have dipped slightly. and in fact they've gone back to 2022 levels. and if you recall then we were facing quite a serious inflation crisis. and finally what we're seeing is, um, we're seeing a spike in businesses expecting their own prices to go up over the next three months. so i think taken together, the package of announcements from the autumn budget, as well as the cost pressures that businesses face, are all mounting into expected price growth. so far, we haven't seen a huge impact on the labour market, but it's still early days and there's still some time to go for businesses to process the changes. do you think businesses feel a bit cheated, or a bit like they're being put upon here, that they're being asked to deliver more and more and more, and yet at the same time, you've got this kind of perfect storm of either regulation, highertaxes, added costs coming at them the other way? and they're saying, hang on, you know, give us something here to work with.

i think that's right. yeah. so what we've seen over the last, in fact, it goes beyond the last few months. this is this has been going on for the last five years now. we've seen crisis after crisis, inflation, covid, lockdowns. we've had a new relationship with the european union. and businesses have had to adapt to and absorb a huge amount of new costs and admin burdens. so the latest round is just another issue for them to contend with. i guess on the positive side, we are expecting to see from the government some plans around infrastructure, a new trade relationship with the european union, which is something that we've been calling for, as well as a wider industrial strategy. but these are all announcements that we're looking maybe at this summer to come into fruition. so in the meantime, business perception has gone down. business sentiment has gone down as a result of the increased cost pressures that you've referenced.

to big tech now — because the rivalry between the giants of silicon valley is heading into orbit. amazon has asked for permission to launch broadband via satellite here in the uk to rival elon musk�*s starlink. its project kuiper division plans to place 3000 small satellites in orbit to offer interenet connection in remote areas — the first were launched in 2023. starlink, which is part of elon musk�*s spacex rocket company, already allows users around the world to access the internet through a network of 6000 satellites. its dominance has raised concerns about the power mr musk has over internet access in some parts of the world as tech journalist chris stokel—walker told me earlier. we obviously have this almost monopoly at the minute. with elon musk dominating the area through starlink, we are going to see, i think, increasingly satellite internet, which is provided by satellites orbiting in low earth orbit, around about 500, 600 or so

miles above the earth's surface, becoming ever more important to reach those hard to get to places, things where you can't really get to through your traditional means of broadband internet. and so we know that elon musk can be a bit of a quixotic character. we know that he can change his mind. and so any competition, not least one backed by a big tech company like amazon, can really provide that strong competition that will hopefully help consumers in the long run. yes, and that's the thing, isn't it? amazon now asking the regulator for permission to launch this sort of service. you would imagine that the regulator would say all competition is good. it will keep prices down and competition high. yeah, i think that this is likely to be rubber stamped through. we know that they have plans in the coming months to try and launch this. we know obviously those 3000 satellites will only be around about half of the constellation that is in space at the minute thanks to elon musk�*s company. but we can imagine that that will start to ramp up here. i mean, this is a big market and a growing market in the uk. we saw that there was a doubling nearly

of users of starlink in the uk in the last year, about 87,000 now. there are 4 million worldwide are using elon musk�*s company. so i think this is likely to be something that we see becoming more and more important in the years to come. and, you know, from a tech point of view, how much of a game changer is this sort of technology? because it all relies on the lag, doesn't it? the fact that you can get that communication much more quickly than a satellite that's right out in far orbit? yeah, it's much closer to our earth surface, which means that things are much quicker and also it is more reliable. this is one of the things that we have to bear in mind, particularly in the last few months when we've been reading and watching news about internet disruptions, the cutting of subsea cables, this avoids that. now, that's obviously a good thing, and it is going to be increasingly difficult to try and sabotage these satellites because they are in space. but that is something that i think will help make the adoption of satellite internet more important as we start to develop these things, and as they become more normalised and available in shops every day that we see.

finally, a modest bit of good news for uk workers — the pay gap between bosses and and staff has come down slightly. according to campaign group the high pay centre, top bosses will have earned as much as the average worker makes in a year by midday today. however, this year, ftse 100 bosses are having to work two hours more to overtake uk worker earnings than they did in 202a. that's because average earnings are rising faster. uk ftse 100 ceos make around £4 million — excluding pension — compared to around £37,000 for workers. just to remind you, much more on those stories on the bbc news website including the stories coming to us from the united states that a new congestion charges being introduced in new york, $9 per day, all designed to ease traffic in some of the busiest

areas in the city. details on that on the website. stay with us here on bbc news.

hello, i'm annita mcveigh. award season is getting under way in hollywood with the 82nd golden globe ceremony kicking off in beverly hills. along with emilia perez, the film "the brutalist" , which tells the story of a holocaust survivor actors including demi moore and kieran culkin also won awards, and in the tv category, the japanese historical drama shogun scored four awards while baby reindeer took home two. the highly nominated film anora went home empty handed. let's speak to the film producer and critic — jason solomons. very good to see you. let's begin with demi moore, she has

not exactly gone away but nonetheless for the substance, it feels like this has been a bit of a renaissance. i would say a comeback. hollywood, particularly during award season, they love a comeback narrative, a story can read thatis narrative, a story can read that is not on the screen of the screen and demi moore has been fulfilling that this year fantastically. i saw this film backin fantastically. i saw this film back in may at khans and the she stepped onto the screen i thought you know what this is a great story. thought you know what this is a great story-— great story. this is a story that everyone _ great story. this is a story that everyone can - great story. this is a story that everyone can get - great story. this is a story| that everyone can get hold great story. this is a story - that everyone can get hold of. but it also works for the movie itself because it about a fading huge film star who has a tv work—out show and she's been let go from that because she's a bit too old. the producers, shean discovers this unique substance, the film is called the substance, that gives a shot of youth, and alexia of youth which is taken to the extreme because a younger version of her called sue comes

out of demi moore's body. it