tv Business Today BBC News January 7, 2025 2:30am-2:46am GMT
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canada's prime ministerjustin trudeau announces his resignation amid mounting clinical pressure and economic troubles. us steel fight back, the company sue the biden administration for blocking the megamerger. welcome to business today with me. we begin with our top story can after nearly a decade as prime minister, canada'sjustin prime minister, canada's justin trudeau prime minister, canada'sjustin trudeau has announced that his resigning. he's been facing mounting clinical pressure after the surprise resignation of ally and finance minister. general elections will be held in late october if not earlier after which he will step down once a new party leader is
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elected. justin trudeau's departure about the country's economic direction in 2025. the asia—pacific foundation of canada explains how the uncertainty will impact the country's trade relations in business sentiment. in the nine years that trudeau was in power, he was focused on growing canada's trading relationships and diversifying our trade because majority of canada's trades, 76%, is dealt with the united states. but of course, we have signed a number of treaty agreements in the last ten years focusing on asia so there is cptpp, the comprehensive and progressive of trans—pacific partnership agreement which allows us to do trade with ten other economies in asia, there is also a trade agreement with indonesia, negotiating one in as the answer in general,
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there has been a focus on rules on diversifying the trading relationships but of course, the us still remains our dominant trading partner. you mentioned about canada's efforts onjustin trudeau to justify the trade partners, was the outlook for asia given the turmoil thatjustin trudeau has put canada into? i think there will be focused from canadian businesses and provinces to continue to engage with our asian partner so we do quite a bit of trade with china, there are some economic securities concerns with respect to the relationship but a lot of enthusiasm and excitement for deepening trade with as yarn, deepening trade with indonesia as well as south korea and japan so it will continue to be essential to our economic engagement with the indo—pacific as well as these new agreements that have just been signed with indonesia last december and with as young by the end of this year so there will be focused but there will be a question about bandwidth and how much the government will have space to deal with other regions while having to really be close attention to what's happening south of the border with the us. both with these tariffs and then with renegotiating the north american trade agreement big due to the negotiating next year.
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bee was defence department has added chinese take giant and battering see atl to its list of companies that are allegedly affiliated with china's military. the bbc has heard from the chinese embassy in washington who called the lesson unreasonable suppression chinese companies. they are a key player operating wechat super up with other offerings across gaming, content streaming and account services. while they produce a third of tv batteries, their shares are trading lower. apple says it will issue a software update to a new ai feature which has a publisher several force news alerts. these artificial intelligence to summarise stories from various sources and one written notification listing bbc sport as a source, incorrectly told users that the
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spanish tennis star rafael nadal was resilient and that it come out as gay. the bbc has called on apple to urgently address the problem saying that accuracy was used continent was essential and containing public trust. to what the big story, us steel, nippon steel, has filed two lawsuits after president biden blocked the japanese firm from taking over the american steel giant last week. biden said he halted to deal worth nearly $15 billion on national security grounds. for now, nippon steel has 30 days to abandon the takeover offer. if the deal collapses, the japanese company will owe you are still a breakup fee of $565 million. andrew, who has previously presented institutional clients in filings with the committee on foreign investment in the united states took me through the key aspects of this case. the party is now after the president issued a blocking order, the party is now taken both the committee of foreign
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investment in the united states and the presidents and several other named officials in the us government, to federal court, asserting that that decision was in violation of legal principles and they raised a number of interesting arguments therein. the first argument that they raised, it falls under the due process law which says that no property or liberty can be taken from someone without having due process, the right to be heard. and in this instance, the parties have alleged that given president biden�*s outward public decision or statement in april of earlier in 2024 when he said that he would block the deal, he would block nippon steel's acquisition of us steel, that was a predetermined outcome and the filing and process that occurred subsequent to that statement and medication proposals they were also asserted by the party subsequent to that statement, that in essence, the decision
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was already made and the proof is in the putting so they made a number of arguments that the basis that due process were violated, there was incredible evidence that the presidents relied upon before making this decision and several arguments that i'm happy to summarise for you. iii that i'm happy to summarise for ou. , ., u, that i'm happy to summarise for ou. , ., _, ., that i'm happy to summarise for ou. ., ., ., you. if you could move forward on bidon's _ you. if you could move forward on bidon's position, _ you. if you could move forward on bidon's position, whether. you. if you could move forward | on bidon's position, whether he won't be in the white house much longer and with president—elect donald trump set to the takeoff office, what his position and how do you think that will change things? it will be known that incoming president trump came out against the deal and came out against the deal and came out against us steel from being owned by the forward entity, the japanese acquired incidentally no japanese transaction has been blocked before until this just like no japanese transaction acquire was subject to a divestment which sometimes can occur after the transaction is completed
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without receiving that —— receiving the appropriate approvals. it's fair to say that there will be a general level of continuity in the overall risk calculus that this incoming administration will take and the weather analyse proposed forwarding acquisitions, that said, the party right now only really concerned with the order at play. they are looking at the current order that was set forth by president biden and they are doing whatever they can to unwind that order. australia is in their current home cricket test series with india to boost tourism. tourism agency has launched social media and tv advertising targeting indian travellers, stone cricketers pat cummins and david warner. the agency says india is among the fastest growing inbound markets. from sydney, phil mercer has more. cricket is part of the globe that binds india with australia. it's an obsession shared by both countries. in
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india, i played with my cousins, when i was at home, my family enjoyed and they feel happy when i play cricket. that's what we do in family gatherings, we get together and play cricket. we gatherings, we get together and play cricket-— play cricket. we played to like one with each _ play cricket. we played to like one with each other, - play cricket. we played to like one with each other, both - one with each other, both indians_ one with each other, both indians and _ one with each other, both indians and australians. l indians and australians. migrants— indians and australians. migrants from _ indians and australians. migrants from india - indians and australians. migrants from india find indians and australians. - migrants from india find that australia share their sporting passion. australia share their sporting assion. �* , . . australia share their sporting assion. �*, . ., , passion. it's a great country with a lot — passion. it's a great country with a lot of _ passion. it's a great country with a lot of sport _ passion. it's a great country with a lot of sport and - passion. it's a great country with a lot of sport and a - passion. it's a great country with a lot of sport and a lot| with a lot of sport and a lot of love for the sport, people want to come on holiday and also be able to watch the sportier. also be able to watch the 5p°ftie"-_ also be able to watch the sportier. also be able to watch the sortier. ., , ., ., sportier. the capitol with a few games- _ sportier. the capitol with a few games. pat _ sportier. the capitol with a few games. pat cummins, | sportier. the capitol with a i few games. pat cummins, the australian _ few games. pat cummins, the australian cricket _ few games. pat cummins, the australian cricket captain... i australian cricket captain... how was up for a holiday? i5 how was up for a holiday? is the star of the come and say g'day advertising campaign alongside ruby the kangaroo. it's designed to attract some of the millions of viewers in india who watch the current test series.— india who watch the current test series. when the cricket is here and — test series. when the cricket is here and when _ test series. when the cricket is here and when the - test series. when the cricket is here and when the indian | is here and when the indian cricket teams in australia, it's a moment when 50 million indian eyes around australia so we use that opportunity to talk
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to that incredible audience about all the things that are outside of the cricket grounds, or the incredible things they can start — come here for the cricket and stay for a holiday. beaches wide open spaces and iconic landmarks, are key attractions for indian visitors. travel to australia from other places such as china is taking time to return to pre— pandemic levels but the indian market is considered to have great potential.— indian market is considered to have great potential. good they india, on david _ have great potential. good they india, on david warner - have great potential. good they india, on david warner and - have great potential. good they india, on david warner and this| india, on david warner and this is my backyard. india, on david warner and this is my backyard-— is my backyard. david warner recently retired _ is my backyard. david warner recently retired international| recently retired international cricket is also featured on social media videos, urging his legions of followers in india to visit australia.— to visit australia. how was that for a _ to visit australia. how was that for a holiday? - to visit australia. how was that for a holiday? travell that for a holiday? travel companies _ that for a holiday? travel companies say _ that for a holiday? travel companies say the - that for a holiday? travel companies say the india | that for a holiday? travel i companies say the india die aspirin australia is helping to fuel the tourism industry in both countries.— both countries. one is migration _ both countries. one is migration here, - both countries. one is migration here, the i both countries. one is - migration here, the families are following to visit every
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year. and also the outbound as well so the indian australians have settled here and go back every year particularly in the sum of the year, december, january to visit family. similar cricket themed adverts will be shown ahead of another highly anticipated test series when england visit australia for the ashes in the member. prepare once again... to be bowled over. phil mercer, bbc news. meta has elected the boss of ultimate fighting championship dana white to his board of directors. he is also a longtime friend of incoming us president donald trump who previously had a tense relationship with meta mark zuckerberg during his first term in office. in a facebook post, he said that he admires dana white is not manure and how he built the ufc brand. a reminder that we are keeping up to speed with the vans that ces, they are to deliver a keynote event — address, here
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hello, i'm better with the catch up. tonight, the vpn, the golden globes and a chinese ice festival. tributes have been pouring in after was announced that james pouring in after was announced thatjames leigh williams, that james leigh williams, better thatjames leigh williams, better known as the vivian has died aged 32. the better known as the vivian has died aged 32— died aged 32. the vivian, my queen. is there _ died aged 32. the vivian, my queen. is there anything - died aged 32. the vivian, my i queen. is there anything you'd like to say? it’s queen. is there anything you'd like to say?— like to say? it's been absolutely _ like to say? it's been absolutely great, - like to say? it's been absolutely great, it'sj like to say? it's been - absolutely great, it's been tremendous, thank you. he said his heart is _ tremendous, thank you. he said his heart is broken. _ tremendous, thank you. he said his heart is broken. police - his heart is broken. police said there are no suspicious circumstances surrounding the vivian's death, followed drag race winner shared how the vivian inspired them. i race winner shared how the vivian inspired them.- race winner shared how the vivian inspired them. i was 19, i think, vivian inspired them. i was 19, i think, and — vivian inspired them. i was 19, i think, and i— vivian inspired them. i was 19, i think, and i haven't _ vivian inspired them. i was 19, i think, and i haven't even - i think, and i haven't even started drag, just a theatre that she has in her, she is so much talent, shejust that she has in her, she is so much talent, she just embodies all these different characters and impersonations in as something that always inspired me. ,, ., ., something that always inspired me. ., , ., , ., me. some other stories now, ellow me. some other stories now, yellow warnings _ me. some other stories now, yellow warnings for _ me. some other stories now, yellow warnings for snow, i me. some other stories now,
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yellow warnings for snow, ice and flood remain in effect across scotland, wales in large parts of england. while these conditions are very serious, some are trying to keep a positive outlook like this man who is wake boarding down a road in leicestershire. next up, the golden globes, the film and amelia perez was a big winner this year taking home for awards. winner this year taking home forawards. in winner this year taking home for awards. in 62—year—old actress demi moore given impassioned speech she expected her first ever award as an actor. but that which everyone's lips was is that an engagement ring on sunday's left hand? according to tmz, it was. time now for ten seconds of an ice festival. the annual harbin ice and snow festival is now in full flow in china, minutes of the public and explore this incredible sculptures and exhibitions, honestly, i don't think i would ever leave. you're all cut up now. have a good night.
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hello and welcome to sportsday, i'm gavin ramjaun. wolves are taken apart by nottingham forest in the premier league with forest hunting the chasing pack at the top. djokovic says he still holds the trauma over his covid related deportation, from the australian open with the first major of the year starting this weekend. and there are shocks aplenty as we find out who made the cut for the 2025 premier league darts season. hello there, and welcome along to the programme. and things are going from good, to even better seemingly at the moment for nottingham forest. they've won six games in a row now after a superb 3—0 victory at wolves on monday night. they're very much one of the form teams in the premier league with this latest win, pulling them level
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