barriers to entry — from today millions of travellers to the uk must jump through an online hoop and buy an electronic travel authorisation. as donald trumer drops into greenland, his father calls on denmark to give up the island for the free world. facebook owner meta will end fact—checking of its social media platforms in the us. its boss blames "too many mistakes" evenif even if they accidentally since the just 1% of posts, that is millions of people. and we have reached a point where they were just too many mistakes into much censorship. speaking to british mps,

the chinese fast—fashion retailer shein seems evasive on the origin of its cotton. we'll discuss the big issues facing a company that wants to list its shares in london. and we'll be hearing live from the boss of rolls royce motor cars as the brand announces expansion plans to serve their ultra—rich customers. live from london, this is business today. i'm sally bundock. we start in the uk, where this morning, millions of visiting travellers will now have to obtain an electronic travel authorisation before entering the country. to receive an eta, travellers will have to fill out an online form and pay a £10 fee or about $12 dollars. travellers from the united states, canada and australia are amongst those affected by today's changes. european travellers will also have to apply for an eta from the second of april. the british government hopes the new scheme will confirm traveller eligibility to enter the uk, before

they leave their country of origin. joining me now is patricia yates — chief executive of visit britain. do you think this is a good idea? is do you think this is a good idea? , . ., ., do you think this is a good idea? , ., , ., idea? is it a good plan? if you think of how _ idea? is it a good plan? if you think of how important - idea? is it a good plan? if you| think of how important tourism is to us, it is worth {32.5 billion and it is a great thing that the government is looking for growth. so we are putting another barrier on travellers coming. of course this will be a light touch, it will be digital, it will be a quick response. we saw it rolled out in the gulf and that has worked quite well there. obviously concerned about, particularly, going on the american market and the american is by far the most valuable market. it is most valuable market. it is interesting _ most valuable market. it is interesting because - most valuable market. it is interesting because many of us who travel a lot will be familiar with this depending on where we are going so you need to get on asda when you go to the us, that something like

$20. —— esta. willa payment for the to come to the us put —— payment to come to the uk put people off? i -- payment to come to the uk put people off?— put people off? i certainly ho -e put people off? i certainly hepe not- _ put people off? i certainly hope not. the _ put people off? i certainly hope not. the europeansl put people off? i certainly i hope not. the europeans are introducing their system and we will be slightly more expensive to come to one country than to go to the whole of europe and of course, tourism continues to be a competitive business so we must bear in mind the taxes and the burdens we put on our international visitors. there is concern about transit passages who will have to pay and that border in northern ireland, many visitors, international visitors to northern ireland start flying into the self and that border and there is concern that that will really deter people from

doing an entire trip. find will really deter people from doing an entire trip. and there could be a _ doing an entire trip. and there could be a situation _ doing an entire trip. and there could be a situation where - could be a situation where people are unaware of the change and there for they get to the airport and have to suddenlyjump online and buy an dta. you can imagine this causing hold—ups at border control and the kind of thing. you can imagine that in the first few days and the first few months. the home office tell us that they will be relaxed in the first few days, although that is not normally the case. so i would advise everyone who needs to get there to get there esta by the date it is announced. we are launching a major campaign stirring great britain. all of our film locations in stirring great britain. all of ourfilm locations in the uk, we really want to encourage visitors to come. as i say it needs to be a quick light touch system that people have

confidence in quickly and, of course, other countries have similar systems.— course, other countries have similar systems. let's see how it noes. similar systems. let's see how it goes. thank _ similar systems. let's see how it goes. thank you _ similar systems. let's see how it goes. thank you for - similar systems. let's see how it goes. thank you for your - it goes. thank you for your time, patricia. now to the us where as you've been hearing president—elect donald trump has repeated his desire to take control of both greenland and the panama canal. during a detailed press conference at his estate in florida he shared more details of the aspiration and his son, donald trump jr, was in greenland on tuesday on what he called a �*personal day trip' to talk to people. here's our north america editor, sarah smith. this is a very deliberate signal of intent. of donald trump's genuine desire to take over greenland. it's no coincidence that his son donald junior landed there today. it may look like he has come for a property viewing before trying to buy the island. he says that is not the case. reporter: do you have a message from your father? my father says hello. he says hello to everyone in greenland.

are you interested in buying greenland? greenland is controlled by denmark and their prime minister says it is very much not for sale. its location sitting between the us and russia is why donald trump wants to take control. people don't even know if denmark has any legal right to it but if they do, they should give it up because we need it for national security, for the free world. i'm talk about protecting the free world. in a wide ranging freewheeling press conference he listed all the countries that are in his sights. we want to get along with everybody but they have to — it takes two to tango. revealing more of his global ambitions he said he wants control of the crucial shipping route, the panama canal, vital for america's security. the panama canal is vital to our country. it is being operated by china, china! we gave the panama canal to panama and not china, but they have abused that gift.

he repeated his threat to put crippling tariffs on goods from canada and mexico if they do not tighten border security, and he announced a unilateral plan to completely rename the gulf of mexico. we are going to be changing the name of the gulf of mexico to the gulf of america. it has a beautiful ring to it. it covers a lot of territory. the gulf of america, what a beautiful name. joined by his special envoy to the middle east, donald trump says there has already been a lot of progress on efforts to release about 100 hostages held by hamas in gaza and he wants them freed before his inauguration in less than two weeks' time. if those hostages are not back, i do not want to hurt your negotiation, but if they are not back by the time i get into office, all hell will break out in the middle east, and it will not be good for hamas and it will not be good frankly for anyone. all hell will break out. i don't have to say any

more but that is it is. i solemnly swear... in under a fortnight history will repeat itself when donald trump is once again sworn in as the us president. this time around he wants to use the power of his office to reshape the world in a way that puts america's and only america's interests first, threatening and warning other nations not to stand in his way. if we look at what was going on on wall street on tuesday, there was a sell—off on the stock markets on concerns that the federal reserve is unlikely to cut interest rates again before july. today markets are lower in asia too. strong us jobs and services data out on tuesday implys inflation could prove sticky in the worlds biggest economy and prompted investors to bet the fed would lower interest rates just once this year. later today the minutes from their latest meeting is released.

let's dicsuss this now withjoe brusuelas, principal and chief economist at rsm — an international business consultancy. good to see you again. are you with the market and those who are predicting now that we will only see one rate cut this year from the third.— from the third. our forecast for the year _ from the third. our forecast for the year was _ from the third. our forecast for the year was to - from the third. our forecast for the year was to 25 - from the third. our forecast for the year was to 25 point | for the year was to 25 point basis points so we are essentially there with the market. the us economy is proving much more resilient and durable to a number of shocks out there in the global economy right now. we just need to continue to see growth. through the second half of the year it does appear the united states economy was going at or above 3%. so market concerns about stubborn and sticky inflation, especially in service demand are well—founded. find

especially in service demand are well-founded.— especially in service demand are well-founded. and how do ou are well-founded. and how do you navigate _ are well-founded. and how do you navigate what _ are well-founded. and how do you navigate what is _ are well-founded. and how do you navigate what is going - are well-founded. and how do you navigate what is going on| you navigate what is going on in regard to president—elect donald trump? does that press conference yesterday alone, so many different statements and comments about greenland, about panama canal, about all sorts of things. if you are trying to invest, you are running a fund, how do you manage all that information?— information? you have to differentiate _ information? you have to differentiate between - information? you have to l differentiate between noise information? you have to - differentiate between noise and signal. after the first quarter use of donald trump many americans who work in capital markets are to do that. what i hear is the trump administration flooding the zone with noise to distract from their real issue which is what he has going on, the legal problems in the united states, and two, by the time they get legislation to the floor and spring republicans are likely to only have a i—vote majority in the house of representatives and there for not much will get done. but the situation where the president is inheriting a very strong economic tailwind, investors will tend to look on

that favourably. there for i think we are in a pretty good situation here when we are just talking about the economy and financial markets. the political sector, that is a different conversation, probably for a different day. but when it comes to tariffs, thatis but when it comes to tariffs, that is an executive order, isn't it? he can go ahead and he has been clear that that is his plan. what implications will tariffs have and how swingeing will they be do you protect? swingeing will they be do you rotect? ., , . protect? right now we expect the president _ protect? right now we expect the president to _ protect? right now we expect the president to announce - the president to announce tariffs on the first day, probably on mexico and canada. we think 25% is likely. but the bigger case will be on china where we expect a target of 60% and the introduction of ten or 20% that is then ratcheted up over time. what will happen is that the items that are subject to tariffs, those prizes will be passed through to customers and will have higher prices on those items. but we will not

really know or be able to create a shop model to give us a sense whether those tariffs translate into a general increase in prices across the price level, there for inflation. that is one of the things that we will have to sort out but we will not know until we see the whites of the eyes of the programme and we will have to wait for another few weeks before we get any sense of what that is. $5 sense of what that is. as always. _ sense of what that is. as always. it _ sense of what that is. as always, it is _ sense of what that is. as always, it is great to get your always, it is great to get your take on things. we will see you again soon. there's been swift reaction from all sides to the news that meta will end third—party fact checking on its social media platforms in the us. the company will move to a community notes system allowing users to comment on posts' accuracy that it says will promote free expression. this announcement comes as mark zuckerberg and other tech executives prepare for a donald trump presidency. let's get more from new york and north america business correspondent, ritika gupta. mehta, the owner of facebook

and instagram will end its third—party fact checking programme, and moved to a community note system similar to one that elon musk�*s platform exit uses. restrictions on contentious topics such as immigration and gender identity will also end. mark zuckerberg said this will promote freedom of speech which he hopes to prioritise, overtaking misinformation. irate overtaking misinformation. we built a lot of complex systems to moderate content that the problem _ to moderate content that the problem with complex systems as they make mistakes. even if they— they make mistakes. even if they accidentally sent to just 1% they accidentally sent to just i% of— they accidentally sent to just 1% of posts that is millions of mole — 1% of posts that is millions of people. and we have reached a point _ people. and we have reached a point where there are just too many— point where there are just too many mistakes and too much censorship. many mistakes and too much censorship-— many mistakes and too much censorship. many mistakes and too much censorshi. , ., , censorship. this move comes as zuckerberg _ censorship. this move comes as zuckerberg and _ censorship. this move comes as zuckerberg and other _ censorship. this move comes asj zuckerberg and other executives have made efforts to improve relations with resident elect donald trump before he takes office later this month and just one day after facebook announced a ufc ceo and trump ally dayna white will be on the board. trump and his republican allies have previously criticised mehta for its fact checking policy are calling it

censorship of right wing voices. donald trump cheered the move on tuesday saying that mehta has come a long way while others, including misinformation experts have warned that the platforms could become even more of a cesspool of misinformation. the changes apply to the us at present and mehta said there were no immediate plans to roll out the changes in the european union which is required to make the subject to eu rule. a senior lawyer representing the chinese fast—fashion brand shein has repeatedly refused to tell british mps whether the company sells products containing cotton from china, prompting one parliamentarian to brand her evidence "ridiculous". yinan jhoo, general counsel for the company, confirmed its suppliers did manufacture products in the country, but declined to say whether they used chinese cotton. let's explore this more now withjustin urquhart—stewart, founder of regionally — an investment platform

good morning to you and happy new year. so mps seem exasperated, i must say, with the top lawyer at shein as they tried to get to the bottom of the supply chain. and this is a company making £1 billion worth of sales in the uk. it is not small fry, is it? it of sales in the uk. it is not small fry, is it?— small fry, is it? it is important _ small fry, is it? it is important indeed i small fry, is it? it is. important indeed and it small fry, is it? it is- important indeed and it is not just shein, there are others as well because any supply chain that has links to areas with these methods of production go will be impacted. so it will be difficult to say yes we are using our own cotton for this and then find themselves banned because and then find themselves b